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2022-12-31-accounts

Company
Number:		 06113679
Charity		 06113679
Charity		 06113679
Charity		 Number: 1118842 1118842
Central Funds Branch Funds
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:ixed Equipment
ssets
'tock		 /Property
Sale		 F13,351.09 810,375.28 EO.OO EO.OO
EO.OO		 EO.OO EO.OO 223,726.37
sset
'urrent		 Stock E6,115.20
EO.OO		 EO.OO EO.OO EO.OO EO.OO EO.OO E6,1'/5.20
inancial Cash 8
ssets
urrent		 Bank 8442,243.55 f30,057.96 E1,245.25 E1,747.61 E2,620.00 E3,233.01 2884.24 8482,031.62
assets
otal		 8448,358.75 f30,057.96 E1,245.25 E1,747.61 E2,620.00 Z3,233.01 8884.24 8488,146,82
ssets
urrent		 2461,709.84 f40,433.24 E1,245.25 E1,747.61 E2,620.00 E3,233.01 8884.24 8511,873.19
iabilities EO.OO
EO.OO		 EO.OO EO.OO 2312.00 EO.OO EO.OO 8312.00
abili tt'es EO.OO
EO.OO		 EO.OO EO.OO EO.OO EO.OO EO.OO ZO.OO
&taf
abilities EO.OO
EO.OO		 EO.OO EO.OO 8312.00 EO.OO EO.OO 8312.00
.tAssets
ipital and		 8461,709.84 f40,433.24 E1,245.25 E1,747.6/ E2,308.00 E3,233.01 8884.24 8511,561.19
eserves
tes:
bilities
Nil for
:ounts		 central 8461,709.84 840,433.24
E1,245.25
E1,747.61
E2,308.00
E3,233.01
8884.24
8511,561.19
For the year ended 31stDecember 2022 the company was entitled
to exemption
from audit under Section 477 ofthe
Companies
Act 2006. The members
have not required
the company
to obtain an audit
in accordance
with Section 476 of
the Companies
Act 2006. The Directors acknowledge
their responsibility
for complying
with the requirements
ofthe Act
with respect to accounting
records and for the preparation
ofaccounts.
These accounts have been prepared
in
accordance
with the provisions
applicable
to companies
subject to small companies'
regime.
Andrew Lockett tT Cerew Close, Craithote,
Torpotnt,
Cornwett,
PLt& 3EB
Signature
Andrew James Lockett (AJ Lockett)
Inspector ofAccounts
(Tim Parrott)
The South Atlantic Medal Medal Medal Medal Medal Association (1982)(SAMA82) Association (1982)(SAMA82) Association (1982)(SAMA82)
Statement of income and expenditure -year ended 31December 2022
Company
Number		 06213679; Charity Number 1118842
Year Ended Central Funds only Year Ended
31-Dec-21 Receipts 31-Dec-22
1250.00 Membership
fees		 2600.00
16865.11 Membership
donations		 18266.76
19843.41
0.00		 Other donations
/
Funds raised at for		 AGM 57662.35
2475.00
9166.34 Corporate
donations		 81Grants 29436.97
2884.67 Sales 11054.78
7640.64 Furlough
Grant and		 Sick Pay 0.00
43395.01 Investment
Gain		 0.00
3,24 Interest
paid gros.		 136,71
0.00 Rugby Income 7887.01
0.00 NMA Meal 2405.00
136.02 Money Returned
by		 members 268.88
0.00 Grant from other Charities 22200.00
101,184.44 Total Receipts 154,393.46
Expenditure
2459.94 Sales- Puchase ofstock 8054.14
22482.52 Employee costs 21679.66
4468.21 Premises costs 9302.71
386.09 Post and Carriage 'I296.77
654.57 Printing
and Stationery		 574.36
1628.15 Equipment
and repairs		 3354.22
296.20 Fund Raising 731.20
524.18 Insurance 524.18
239.88 Web site 407.63
78.00 Legal and professional 128.00
143.88 Committee
and other		 570.56
0.00 AGM 2665.14
0.95 Bank and Finance 225.31
693.24 Travel and Subsistence Governance 3222.50
400.00 Area Representative Costs 84Storage 1850.42
2277.00 Remembrance
Lunch		 gt receptions 4505.54
3110.00 Grants awarded 13667.15
77.55 Money returned to Members 108.68
0.00 Maintenance
NMSA Memorial		 2160.00
0,00 NMA 40th Anniversary 13150.94
0.00 Rugby fund raising and sponsorship 5281.50
39,920.36 Total Expenditure 93,460.61
Investment
Loss		 42,377.43
61,264.08 Total Gain 18,555.42
Andrew Lockett/Tim
Parrott		 Financial year 2022
Company 06113679 Charity 1118842 income and expenditure Date. 1Apni 2023

Short Aiuiual Financial Report
SAiVM82
Period
—I January 2022 to 31December		 Short Aiuiual Financial Report
SAiVM82
Period
—I January 2022 to 31December		 2022 2022
9 1r11/eb Site
9.1 The web site hns settled down mid has not required
significant
expenclihrre
except to populate		 and maintain it.
10 Insurance
10.1 Policy BeeLtd was selected for our insurance
in November
2022.
11 Branch Accounts
SAMA hns five bfallches: The Cntnping
nncl Carnvmi,
Scotland, Christchurcli,
IIMS Sheffteld		 nnd Havant.
Each ofthese branches
(Except IIMS Sheffield) maintains
lheii' 0 vvn Bllcliled nccounls
which are entered on		 the
Association's
Statcinent ofFinancial Position.
The trustees extend their thanks
to the treasurers ofthese funcls.
12 Company
property
nnd wenltli
12.1 A property
record is maintained,
Blld npprecintion
Bnd depreciation
nre calculated
annually
Blld entered on		 to the
balmice sheet.
The puipose is to maintain
a corporate
record oflhe lirncls disposed
in this way and support
valuation
f'or insurance
purposes.
It also provides a useful record of"ownership
Bilcl lhe location ofSAlvIA
property.
13 End ofyear balance (Centi al Funds)
13.1 Our end ofyear cash balance (Money in bnnlc Bncl iilvestments)
for central huids including
restricted		 hmds was
$475,534.52 (Last year 2021:f456,979.10). This growth
is due entirely
to much higher. donations		 mid gi'Bllts
which compensated
for a very poor year for. the BlackRock investment.
14 IVInitngement
Accounts
14.1 A set ofmanagement
accounts is mnintained
to deterntine
Ihe cost ofpioviding
the objective outputs		 against
established
categories.
Tliis enables office and other costs, including
governance
costs, to be grossed		 up against
the set objectives.
15 Office Costs t'o achieve our key objectives
(WVith overheads
redl'stributed
to the objective's costs)
15.1 Pilgriinages
$6730, Remenibrance
Lunch F6607, Newsletter. f2912,Grants EI34, Web site F5506,		 Parading
Stanclards f1459,Area Organisation
$2217, Shop losses f7624, Falkland Faniilies $113.Total
f33,300. (Further explanation
can be found in lhe long report. )		 Office Costs
16 Trustees
review ofannual
report
16.1 Trustees accepted the findings ofthe inspection
by Timothy Parrott and this was recorded in the trustee minutes.
We thank Timothy Parrott for his generous
and diligent work as SAMA's inspector ofaccounts.
17 Submission
to Companies
House and Charity Commissioners
17.1 The association secretary carries out the fuuctions ofreporting
statutory
and obligatory
information		 to
Companies
House and the Charity Commission.
This was carried out successfully
for 2022.
18 Articles and Memorandum
18.1 At the AGM in 2022 the Articles and Memorandum
were changed
in order to update
the objectives		 so that they
covered all medal holders. At the saine time the clauses were renurnbered
for ease ofunderstanding.
19 Grants
19.1 The association. has made grants to or for the benefit ofthe association
grant beneficiaries
over		 the last year of
63110Y3904)
20 The Fortieth Anniversary
Z022.
20.1 There were many activities and events to mark the fortieth amtiversary
and arecord ofthein fornts part ofthe
long report.
21 Special Recognition
21.1 The trustees express their special recognition
for the efforts ofPaul Moore who has, with his motor		 cycling
colleagues, raised a significai1t sum ofmoney towards
the reserves.
His connnemoration
at the		 memorials and
graves ofthe killed-in-action,
held during
the summer of2021, were powerful
and suitable
tributes.
22 Summary
22.1 The membership
growth continues
at a steady volume.
23 Support
23.1 The Associationmarks
its special thanks for the past support ofABFThe Soldiers'
Charity and		 looks forward to
continued
support
from them.
We also thank Seafarers UK for their support.
24 Associated Documentation
24. 1 Full report —long report,
statement offinancial
position —(balance sheet),
summmy
&income and expenditure —table,		 inspector's
summary
and report,
stock assessment
and valuation,
asset list

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