2021-03-31-accounts - Royal Hospital Chelsea Appeal Limited

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DIRECTORS &TRUSTEES	C Trewhitt (from 1 May 2020)	C Trewhitt (from 1 May 2020)
	Gen SirA Bradshaw
	C Lewington (to 30April 2020)
	G Lashko
COMPANY SECRETARY	N Cattermole
REGISTERED OFFICE	The Royal Hospital Chelsea
	Royal Hospital	Road
	London
	SW34SR
BANKERS	Barclays Bank	PLC
	1 Churchill Place
	London
	E145HP
AUDITOR	PKF Littlejohn	LLP
	Statutory Auditor
	15Westferry Circus
	Canary Wharf
	London
	E144HD
SOLICITORS	Taylor Wessing
	5 New Street Square
	London EC4A	3TW
COMPANY NUMBER	03701005
CHARITY NUMBER	1076414

CONTENTS
			Page
Report ofthe Trustees	and Directors		4-7
Independent Auditor's	Report		8-10
Consolidated Statement	of Financial Activities
Statement of Financial	Activities - Company	only	12
Balance Sheets			13
Consolidated Cashflow	Statement		14
Notes to the Financial Statements			15-28

			Unrestricted	Restricted	Total	Total
Report ofthe Trustees and Directors
			2021	2021	2021	2020
		Note	E
Income from:
Voluntary income - donations	and		1,038,758	3,590,092	4,628,850	1,186,985
legacies
Other trading activities		3	1,820,064		1,820,064	4,342,139
Bank Interest received		2,3	710		710	3,939
Total income			2,859,532	3,590,092	6,449,624	5,533,063
Expenditure on:
Raising funds			248,479		248,479	397,244
Other trading activities			1,072,336		1,072,336	1,735,382
Charitable activities			2,616,559	408,408	3,024,967	3,133,750
Support costs			85,484		85,484	201,014
Total expenditure			4,022,858	408,408	4,431,266	5,467,390
Net income/(expenditure)			(1,163,326)	3,181,684	2,018,358	65,673
Reconciliation offunds:
Total funds brought forward			2,221,996	946,983	3,168,979	3,103,306
Total funds carried forward			1,058,670	4,128,667	5,187,337	3,168,979

				Unrestricted	Restricted	Total	Total
				2021	2021	2021	2020
			Note
Income from:
Voluntary income	- donations	and legacies	2	1,038,758	3,590,092	4,628,850	1,186,985
Trading subsidiary	donation	(Gift Aid)	3	747,728		747,728	2,606,757
Bank Interest received			2	710		710	3,939
Total income and endowments				1,787,196	3,590,092	5,377,288	3,797,681
Expenditure on:
Raising funds				248,479		248,479	397,244
Charitable activities				2,616,559	408,408	3,024,967	3,133,750
Support costs				85,484		85,484	201,014
Total expenditure				2,950,522	408,408	3,358,930	3,732,008
Net income/(expenditure)				(1,163,326)	3,181,684	2,018,358	65,673
Reconciliation offunds:
Total funds brought	forward			2,182,551	946,983	3,129,534	3,063,861
Total funds carried	forward			1,019,225	4,128,667	5,147,892	3,129,534

FOR THE YEAR	ENDED 31 MARCH 2021
			Group		Company
			2021	2020	2021	2020
		Note
NON CURRENT ASSETS
Tangible assets			19,859	26,309	4,534	7,557
Investment in subsidiary					1,000	1,000
			19,859	26,309	5,534	8,557
CURRENT ASSETS
Stocks			147,502	134,768
Debtors			3,492,847	655,562	3,362,069	2,241,466
Amounts held with	Group Treasury			1,500,000
Cash at bank and	in hand		2,882,678	2,245,705	2,212,251	1,269,380
			6,523,027	4,536,035	5,574,320	3,510,846
CURRENT LIABILITIES
Creditors amounts	falling due within one year	10	(1,355,549)	(1,393,365)	(431,962)	(389,869)
NET CURRENT ASSETS			5,167,478	3,142,670	5,142,358	3,120,977
NET ASSETS			5,187,337	3,168,979	5,147,892	3,129,534
RESERVES
Unrestricted Funds		12	1,058,670	2,221,996	1,019,225	2,182,551
Restricted Funds		12	4,128,667	946,983	4,128,667	946,983
			5,187,337	3,168,979	5,147,892	3,129,534

		2021	2020
	Note	F
CASHFLOW FROM OPERATING ACTIVITES	14	636,263	80,665
Net cash inflow/(outflow) from operating activities	14	636,263	80,665
CASHFLOW FROM INVESTMENT ACTIVITES
DIVIDENDS, INTEREST INCOME RECEIVED		710	3,939
NET CASHFLOW FROM INVESTING ACTIVITIES		710	3,939
CHANGE IN CASH &CASH EQUIVALENTS IN THE YEAR		636,973	84,604
CASH &CASH EQUIVALENTS AT 1 APRIL		2,245,705	2,161,101
CASH 8 CASH EQUIVALENTS AT 31 MARCH		2,882,678	2,245,705
CASH &CASH EQUIVALENTS CONSISTS OF:
Cash at bank and in hand		2,882,678	2,245,705
CASH &CASH EQUIVALENTS AT 31 MARCH		2,882,678	2,245,705

Lands and Buildings	Over periods of up to 50 years
Plant and machinery	-10to 15years
Fixtures and fittings	-7to 15years
Office equipment	-7to 15years
Motor Vehicles	-5to 10years
Computer equipment	-5years

DONATIONS AND L	EGACIES
		Unrestricted	Restricted	Total	Total
		2021	2021	2021	2020
		E		E	E
Donations		156,804	3,590,092	3,746,896	699,704
Legacies		721,896		721,896	249,498
Friends: Events income		13,029		13,029	47,629
Friends: Membership	income	147,029		147,027	190,154
		1,038,758	3,590,092	4,628,850	1,186,985
BANK INTEREST				2021	2020
Bank interest received	- company			710	3,939
Bank interest received	—group			710	3,939

COMPANY NUMB	ER: 0	3853787
					2021	2020
						E
Turnover					1,820,064	4,342,139
Cost ofsales					(111,749)	(434,194)
Gross profit					1,708,315	3,907,945
Administrative expenses					(921,592)	(1,239,926)
Other operating expenses					(38,995)	(55,830)
Taxation						(5,432)
Profit on ordinary activities		before taxation		and	747,728	2,606,757
interest
—-Bank-interest receivable
Profit on ordinary activities		before			747,728	2,606,757
tax
Qualifying donation	under	Gift Aid			(747,728)	(2,606,757)
Profit/(Loss) for the	year
Retained earnings	brought	forward			39,445	39,445
Retained earnings	carried	forward			39,445	39,445
RECONCILIATION	OF MOVEMENT		IN SHAREHOLDERS'		2021	2020
FUND
						P
Opening shareholders' funds					40,445	40,445
Closing Shareholders' Funds					40,445	40,445

		2021	2020
Charitable Expenditure			E
Donations to parent organisation		2,616,559	2,721,512
In Pensioner Services		408,408	412,238
Total charitable expenditure		3,024,967	3,133,750
Expenditure oftrading	company	1,072,336	1,735,382
Fundraising costs
Staff		248,479	300,986
Friends of RHC 8 events			96,258
Total fundraising costs		248,479	397,244
Support costs
Staff training		2,589	1,449
Recruitment &selection			11,401
Insurance		1,034	970
Stationery			59
Postage		3,130	12,023
Printing		2,364	83,457
Maintenance ofsoftware			2,788
Subscriptions		2,647	4,365
Sundry admin charges		327	300
Travel 8 transport			479
Entertainment			1,601
Refreshments for volunteers			620
Advertising		7,054	4,700
Donor recognition			8,044
Depreciation
Bad debts			(1,051)
Website selling 8 promotion		1,242	1,129
Governance costs (see below)		65,097	68,680
Total support costs			21 14
Total expenditure

Governance	Governance	Costs	Costs
					2021	2020
						E
	Legal	and	Professional	fees	39,850	50,809
	Auditors'		remuneration	- audit	24,854	17,258
	Bank	charges			397	613
	Total					68680
Audit Fees
						Group		Company
						2021	2020	2021	2020
Auditor's	remuneration:
Audit						14,715	15,050	4,845	4,750
Other	services					1,115	1,115

6	TANGIBLE FIX	EDASSETS -	GROUP
	Plant &	Land &	Office	Fixtures	Computer	Vehicle	Group
	Machinery	Buildings	Equipment	&	Equipment		Total
				Fittings
					E
Cost
At 1 April	15,544	22,285	26,366	48,218	56,069	15,114	180,596
2020
At 31 March	15,544	22,285	26,366	48,218	56,069	15,114	180,596
2021
Depreciation
At 1 April	6,226	14,857	26,047	46,530	56,069	7,557	154,286
2020
Charge for	779	1,486	319	844		3,023	6,451
the year
At 31 March	7,006	16,342	26,366	47,374	56,069	10,580	160,737
2021
Net book
value
At 31 March	8,538	5,943				4,534	19,859
2020
At 31 March	9,319	7,427	318	1,688	1	7,556	26,309
2020

	Vehicle	Total
	E	E
Cost
At 1 April 2020	15,114	15,114
At 31 March 2021	15114	15114
Depreciation
At 1 April 2020	7,557	7,557
Charge for the year	3,023	3,023
At 31 March 2021	~l'dK	112
Net book value
At 31 March 2021
At 31 March 2020

			Company
			2021	2020
				E
Shares	in subsidiary	companies
Chelsea	Pensioner	(RH) Ltd	1,000	1,000
			1 000

8	STOCKS
						Group		Company
						2021	2020	2021	2020
							F		E
Finished goods and goods for				resale		147,502	134,768
9	DEBTORS
						Group			Company
						2021	2020		2021	2020
						F	E
	Trade debtors					54,210	167,012			9,350
	Amounts	due from subsidiary			companies				359,301	2,226,515
	Amounts	due from the RHC				433,373	475,884
	Other debtors and prepayments					3,005,264	12,666		3,002,768	5,601
						3,492,847	655,562		3,362,069	2,241,466
10	CREDITORS: Amounts		falling due within			one year
						Group			Company
						2021	2020		2021f	2020 E
	Trade creditors					159,844	27,882		5,166	4,421
	Amounts	due to the RHC				422,996	381,883		422,996	381,883
	Social security and other		taxes			4,369	33,039
	Deferred	income				747,700	921,722
	Accruals	and other creditors				20,640	28,839		3,800	3,565
						1,355,549	1,393,365		431,962	389,869
										2021
Movement on		deferred income
Brought forward		at the beginning		of	the year					921,722
Released to SOFA during the year										(921,722)
Deferred to future periods										747,700
Carried forward		at the end ofthe year								747,700

VEMENT OF FUNDS— up
	Balance			Balance
	1st April	Income	Expenditure	31st
	2020			March
				2021
Restricted Funds
Restricted IP Welfare		1,700,000	273	1,699,727
MTI Sensory Room	72,908			72,908
MTI Other RF	80,000			80,000
Restricted Donations	40,455	264,008	260,245	44,218
Cadogan Donation	87,840	150,000	65,591	172,249
Scarlet-Appeal	349,969		25,466	324,503
MTI Restricted Donations	29,328	1,353	1,541	29,140
Chaplain Restricted		1,920	192	1,728
Donation
Pendants Appeal	16,505		16,505
Dementia Appeal	102,871	8,000	1,373	109,498
Restricted Legacy	10,400			10,400
ABF Grant	55,000	40,000		95,000
Education Coordinator	22,248		344	21,904
Chaplain Music F.	150		150
National Lottery Heritage	5,796	25,000	23,721	7,075
Fund Grant
Restricted Income Activities	71,313	1,399,811	13,007	1,458,117
Centre
CBRECricket Rl	2,200			2,200
Total Restricted Funds	946,983	3,590,092	408,408	4,128,667
Unrestricted Funds
General Fund	2,221,996	2,859,532	4,022,858	1,058,670
Total Unrestricted Funds	2,221,996	2,859,531	4,022,858	1,058,670
Total Funds	3,168,979	6,449,624	4,431,266	5,187,337

(company)
				Balance				Balance
				1st April		Income	Expenditure	31stMarch 2020
Restricted Funds					2019			f
								Restated
Cadogan Fund					43,605		43,605
MTI Sensory Room					72,908				72,908
MTI Other RF					80,000				80,000
Restricted Donations					35,946	13,609	9,100		40,455
Cadogan Donation					40,822	150,000	102,982		87,840
Scarlet Appeal					313,478	36,491		349,969
MTI Restricted Donations					26,964	6,516	4,152		29,328
Chaplain Restricted		Donation			3,650	500	4,150
Pendants Appeal					138,057		121,552		15,505
Dementia Appeal					145,390		42,519		102,871
Restricted Legacy					400	10,000			10,400
ABF Grant					15,000	40,000			55,000
Education Coordinator						27,100	4,852		22,248
Big Ideas Community		Hub			555		445		555
Chaplain Music Fed					150	701	701		150
National Lottery Heritage			Fund			31,250	25,454		5,796
Grant
Restricted Income	Activities Centre					71,313			71,313
CBRECricket IR						2,200			2,200
Total Restricted	Funds				916,925	389,680	359,622		946,983
Unrestricted Funds
General Fund					2,186,381	5,143,383	5,107,768	2,221,996
Total Unrestricted		Funds			2.186,381	5,143,383	5,107,768	2,221,996
Total Funds					3,103,306	5,533,063	5,467,390	3,168,979
NET ASSETS				Restricted	Unrestricted		2021
							E
Tangible assets					19,859		19,859
Stock					147,502		147,502
Cash				1,128,668	1,754,010		2,882,678
Net current liabilities Total net assets				3,000,000	~862 702		2,137,298 K~
NET ASSETS				Restricted f.	Unrestrictedf		2020
Tangible assets					26,309		26,309
Stock					134,768		134,768
Amounts held with Group Treasury					1,500,000		1,500,000
Cash				946,983	1,298,722		2,245,705
Net current liabilities					(737,803)		~737803
					26

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