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|Contents||Page|
|---|---|---|
|Trustees'
annual
report||1to5|
|Independent
auditor's|report to the members|6to9|
|Statement offinancial|activities|10|
|Statement offinancial|position||
|Statement ofcash flows||12|
|Notes to the financial|statements|13to24|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Note||E|||
|Income and endowments||||||||
|Donations
and legacies
Charitable
activities|||4
5|103,233
?2,397||103,233
72,397|122,463
73,005|
|Investment
income|||6|112,604||112,604|105,181|
|Grant Income|||7|4,840||4,840|33,561|
|Total income||||293,074||293,074|334,210|
|Expenditure||||||||
|Expenditure
on raising funds:
Investment
management
costs
Expenditure
on charitable
activities|||8
9,10|24,920
249,253||24,919
249,253|22,844
274,388|
|Total expenditure||||274,173||274,1?2|297,232|
|Net gains/(losses)
on investments|||13|376,842||376,842|(15,719)|
|Net income and net movement||in|funds|395,?43||395,744|21,259|
|Reconciliation offunds||||||||
|Total funds brought forward||||4,287,370|206,319|4,493,689|4,472,431|
|Total funds carried forward||||4,683,113|206,319|4,889,432|4,493,689|
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|31STDECEMBE|R 2021|||||
|---|---|---|---|---|---|
||||2021||2020|
|||Note||||
|Fixed assets||||||
|Tangible fixed assets
Heritage assets
Investments||17
18
19|92,574
18,995
4,550,963||94,306
18,995
4,198,600|
||||4,662,532||4,311,901|
|Current assets||||||
|Stocks|||46,537||44,733|
|Debtors||20|57,735||62,871|
|Cash at bank and in|hand||148,662||99,226|
||||252,934||206,830|
|Creditors: amounts|falling|||||
|due within one year|||26,033||25,041|
|Net current assets||||226,901|181,789|
|Total assets less||||||
|current liabilities|||4,889,433||4,493,690|
|Net assets|||4,889,433||4,493,690|
|Funds ofthe charity||||||
|Restricted funds||||206,319|206,319|
|Unrestricted
funds|||4,683,113||4,287,370|
|Total charity funds||22|4,889,432||4,493,689|
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|YEAR ENDED 3'IST DECEMBER 2|021|||
|---|---|---|---|
|||2021|2020|
|||R||
|Cash flows from operating
activities||||
|Net income||395,?44|21,259|
|Adjustments
for:
Depreciation
oftangible fixed assets
Net gains/(losses)
on investments
Dividends,
interest and rents from investments||2,038
(376,842)
(112,598)|2,355
15,719
(105,062)|
|Other interest receivable and similar income||(6)|(119)|
|Accrued expenses||386|582|
|Changesin:
Stocks||(1,804)|1,038|
|Trade and other debtors||5,136|(1,883)|
|Trade and other creditors||606|806|
|Cash generated
from operations||(87,340)|(65,305)|
|Net cash used in operating
activities||(87,340)|(65,305)|
|Cash flows from investing
activities||||
|Dividends,
interest and rents from investments||112,598|105,062|
|Purchase oftangible assets
Purchases ofother investments||(306)
(681,111)|(3,380)
(899,604)|
|Proceeds from sale ofother investments||807,372|828,708|
|Movement
in listed investments
Interest income||(101,783)
6|(453)
119|
|Net cash from investing
activities||136,776|30,452|
|Net increase/(decrease)
in cash and cash
Cash and cash equivalents
at beginning|equivalents
ofyear|49,436
99,226|(34,853)
134,079|
|Cash and cash equivalents
at end ofyear||148,662|99,226|
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|4.|Donations|and legacies||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
||||||||f.|
||Donations|||||||
||Donations|||103,233|103,233|122,463|122,463|
|5.|Charitable|activities||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
||||||R|||
||Association|events, subscriptions|and|||||
||journals
Shop Sales
Rent receivable|||5,730
65,367
1,300|5,730
65,36?
1,300|6,131
65,674
1,200|6,131
65,674
1,200|
|||||72,39?|72,397|73,005|73,005|
|6.|Investment|income||||||
|Investment
in|come|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|Income from listed investments
Bank/Building
Society Interest||112,598
6|112,598
6|105,062
119|105,062
119|
|||112,604|112,604|105,181|105,181|
|Grant income||||||
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
|||||F|R|
|Grant income|||4,840||4,840|
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|7.|Grant inco|me (continued)||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2020|
||||||||F|
||Grant income||||5,133|28,428|33,561|
|8.|Investment|management|costs|||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
||||||R|||
||investment|Management|fees|24,920|24,919|22,845|22,844|
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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||||R|
|Other|charitable|activities|150,081||150,081|
|Grant|payabie||99,172||99,172|
||||249,253||249,253|
||||Unrestricted|Restricted|Total Funds|
||||Funds
R|Funds|2020
f|
|Other|charitable|activities|148,344||148,344|
|Grant|payable||125,386|658|126,044|
||||273,730|658|274,388|
|Expen|diture
on|charitable activ|ities by activity type||||
|---|---|---|---|---|---|---|
||||Activities|Grant|||
||||undertaken|funding of|Total funds|Total fund|
||||directly|activities|2021|2020|
|Other|charitable|activities|150,081||150,081|148,344|
|Grant|payable|||99,172|99,1?2|126,044|
||||150,081|99,172|249,253|274,388|
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||Analysis ofoth|er|char|itable
ac|tivities - by|branch|branch|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Charity|Association|Benevolence||Homes||Total|Total|
|||||Branch
f|Branch|Branch||Branch||2021
R|2020|
||Staff costs
Premises|||3,645|291|8,946||371
1,444||13,253
1,444|13,594
937|
||Regimental
website|||1,908|153|4,682|||194|6,937|6,263|
||Association|||||||||||
||journal||||12,281|||||12„281|12,348|
||Association
and|||||||||||
||general events
Shop costs
Depreciation|||560|5,236
63,336
45|1,376|||57|5,236
63,336
2,038|1,306
62,511
2,355|
||Benevolence and|||||||||||
||funeral|||||1,238||||1,238|1,450|
||Recruitment|||13,937||||||13,937|14,671|
||Regimental
memorial||||540|||||540|450|
||Audit|||2,739|219|6,723|||279|9,960|9,570|
||Postage, printing
and admin|||8,451|334|10,681|||415|19,881|22,889|
|||||31,240|82,435|33,646||2,760||180,081|148,344|
|12.|Analysis ofgrants|||||||||2021|2020|
||||||||||||F|
||Grants to institutions|||||||||||
||The Lancashire
Grant 1 LANCS|Infantry||Museum|Fund|||||8,000
20,000|8,000
20,000|
||Grant 2 LANCS|||||||||20,000|20,000|
||Grant 4 LANCS|||||||||7,250|7,250|
||One offGrant 1|LANCS|||||||||8,244|
||One offGrant 2|LANCS|||||||||16,200|
||Miscellaneous
Minor Grants|||||||||1,770|4,453|
|||||||||||57,020|84,147|
||Grants to individuals|||||||||||
||Benevolence and Welfare|||||||||42,152|41,897|
||Total grants|||||||||09,172|126,044|
|13.|Net gains/(losses)||on|investments
Unrestricted|||Total Funds||Unrestricted
Total Funds|||
|||||||Funds||2021||Funds|2020|
|||||||||R||f.||
||Gains/(losses)
on listed|||investments||376,842||376,842||(15,719)|(15,719)|
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|Tangible fixed assets||||
|---|---|---|---|
|||Fixtures||
||Investment|and||
||property|equipment|Total|
|Cost||||
|At 1stJanuary 2021
Additions|88,000|25,190
306|113,190
306|
|Disposals||(1,909)|(1,909)|
|At 31stDecember 2021|88,000|23,587|111,557|
|Depreciation||||
|At 1stJanuary 2021
Charge for the year
Disposals||18,884
2,038
(1,909)|18,884
2,038
(1,909)|
|At 31stDecember 2021||19,013|19,013|
|Carrying
amount||||
|At 31stDecember 2021|88,000|4,574|92,574|
|At 31stDecember 2020|88,000|6,306|94,306|
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|Heritage|assets|||||
|---|---|---|---|---|---|
|Heritage|Assets consist of paintings|owned|by the charity which|had previously|been described|
|as 'Long|Life Assets'.|||||
||||||Heritage|
||||||asset|
|Cost or|valuation|||||
|At 1stJanuary 2021 and 31st December|||2021||22,524|
|Accumulated
depreciation||||||
|At 1stJanuary 2021 and 31stDecember|||2021||(3,529)|
|Carrying|amount|||||
|At 31st|December 2021||||18,995|
|At 31stDecember 2020|||||18,995|
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|Investments||||
|---|---|---|---|
||Cash or cash|Listed||
||equivalents|investments|Total|
|Cost or valuation||||
|At 1stJanuary 2021
Additions|9,592|4,189,008
681,111|4,198,600
681,111|
|Disposals
Fair value movements||(807,372)
376,842|(80?,372)
376,842|
|Other movements|101,782||101,782|
|At 31st December 2021|111,374|4,439,589|4,550,963|
|Carrying
amount||||
|At 31stDecember 2021|111,374|4,439,589|4,550,963|
|At 31stDecember 2020|9,592|4,189,008|4,198,600|
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||Ofthese Inves|tments||f1,|794,202(2020:f|1,494,533) a|re listed outside|the UK.||
|---|---|---|---|---|---|---|---|---|---|
|20.|Debtors|||||||2021|2020|
|||||||||R||
||Trade debtors|||||||110|3,655|
||Prepayments
Other debtors|and accrued|||income|||29,862
2?,763|37,488
21,728|
|||||||||57,735|62,871|
|21.|Creditors: amounts||falling due within one year|||||2021|2020|
||Accruals and|deferred||income||||15,165|14,779|
||Other creditors|||||||10,868|10,262|
|||||||||26,033|25,041|
||Analysis ofcharitable|||funds||||||
||Unrestricted|funds||||||||
||||||At 1st|||Gains|At 31st|
||||||January|||and|December|
||||||2021|Income|Expenditure|losses|2021|
||General funds
Leasehold
property||||4,120,404
88,000|286,524|(272,989)|376,842|4,510,?81
88,000|
||NW festival of|||||||||
||remembrance||||990||||990|
||Silver heritage||||77,976|6,550|(1,184)||83,342|
||||||4,287,370|293,074|(274,173)|376,842|4,883,113|
||||||At 1st|||Gains|At 31st|
||||||January
2020|Income|Expenditure|and
losses
f|December
2020|
||General funds
Leasehold
property||||4,134,114
88,000|292,597|(290,588)|(15,719)|4,120,404
88,000|
||NW festival of|||||||||
||remembrance||||990||||990|
||Silver heritage||||70,778|13,185|(5,987)||77,976|
||||||4,293,882|305,782|(296,575)|(15719)|4,28, 7,370|
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||||At 1st|||Gains|At 31st|
|---|---|---|---|---|---|---|---|
||||January|||and|December|
||||2021|Income|Expenditure|losses|2021|
||||||E|F||
|George
Biundell|Walmsley
Indenture||135,603||||135,603|
|Museum|of|Manchester||||||
|Firearm|||11,055||||11,055|
|Manchester||Cathedral||||||
|Chapel
Pat Ross Fund|||44,969
14,692||||44,969
14,692|
||||206,319||||296,319|
||||At 1st|||Gains|At 31st|
||||January
2020
R|Income|Expenditure|and
losses
f|December
2020|
|George
Blundell|Walmsley
Indenture||135,803||(200)||135,603|
|Museum|of|Manchester||||||
|Firearm|||11,055||||11,055|
|Manchester||Cathedral||||||
|Chapel
Pat Ross Fund|||31,691|13,278
15,150|(458)||44,969
14,692|
||||178,849|28,428|(658)||206,319|
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|23.|Analysis ofnet assets between funds|Analysis ofnet assets between funds|Analysis ofnet assets between funds||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2021|
||Tangible fixed assets
Investments|||111,569
4,415,360|135,603|111,569
4,550,963|
||Current assets|||182,218|70,716|252,934|
||Creditors less than|1|year|(26,033)||(26,033)|
||Net assets|||4,683,114|206,319|4,889,433|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2020
f|
||Tangible fixed assets
Investments|||113,301
4,062,997|135,603|113,301
4,198,600|
||Current assets|||136,114|70,716|206,830|
||Creditors less than|1|year|(25,041)||(25,041)|
||Net assets|||4,287,371|206,319|4,493,690|
|24.|Analysis ofchanges||ln net debt|At||At|
|||||1 January|Cash|31December|
|||||2021|flows|2021|
||||||F|R|
||Cash at bank and|in|hand|99,226|49,436|148,662|
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