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2020-12-31-accounts

Page
Trustees' and Administrative Information
Trustees'
Report		 2-9
Report ofthe Auditors 10-13
Statement of Financial Activities 14
8alance Sheet 15
Cash Flow Statement 16
Notes tothe FinancialStatements 17-28
Prior Year Comparatives 29

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2020 2019
Note E E
Net cash used in operating activities (117,392) (896,373)
Cash flows from investin
activities
Dividends,
interest and rents from investments		 295,600 308,532
Purchase of investments (1,143,114) (1,504,633)
Proceeds from sale ofinvestments 1,126,261 1,759,424
Net cash used in investing
activities		 278,747 563,323
Net (decrease)/ increase
in cash Ik cash		 equivalents 161,355 (333,050)
Cash gt cash equivalents
at the beginning
ofthe		 year 485,834 818,884
Cash and cash equivalents
at end ofthe year		 647,189 485,834
Notes tothe cash flow statement
1. Reconciliation
ofnet movement		 in funds to net 2020 2019
cash flow from operating activities f E
Net movement
in funds		 896,022 884,550
(Gain)/loss
on investments		 (226,286) (1,326,903)
Investment
income		 (295,600) (308,532)
Increase in investments
due to		 changes in aliquot 5,096 14,244
(Increase)/decrease
in stock		 982 (5,491)
(Increase)/Decrease
in debtors		 11,491 30,525
(Decrease)/increase
in creditors		 (509,097) (184,766)
Net cash used in operating
activities		 (117,392) (896,373)
Analysis ofcash and cash equivalents At1Jan Cash At 31Dec
and net debt 2020 flow 2020
E
COIF Charities
Deposit		 19,571 51 19,622
Cash on short term deposit 315,242 161,001 476,243
Cash current account 44 (44)
Cash balance before investments 334,857 161,008 495,865
Cash held in Investments 150,977 347 151,324
Net cash provided
by operating		 activities 485,834 161,355 647,189

The RAI Gunner Total
2020
E
Officers' subscriptions (SPGS) 193,004 193,004
Soldiers' subscriptions (SPGS) 146,557 146,557
Reserve Regiments 800 800
Donations 9,221 774 9,995
Intangible
Income		 —Wages in Kind 45,015 38,971 83,986
394,597 39,745 434,342
2019Comparisons
The RAI Gunner Total
2019
E
Serving Regiment pay scheme:
Officers' subscriptions 185,463 185,463
Soldiers' subscriptions 146,840 146,840
Reserve Regiments 1,200 1,200
Donations 4,300 902 5,202
Intangible
Income		 —Wages in Kind 54,173 52,546 106,719
391,976 53,448 445,424
2020 Charitable
Activities Income.
The RAI Gunner Total
2020
E E
RA Publications - Subscription 39,244 39,244
RA Publications —Advertising income 600 600
Grants
(RAI gt RACF)		 67,000 15,000 82,000
Government
Grant —Furlough		 11,014 11,014
Officers Mess Fund (Writeback) 19,622 19,622
97,636 54,844 152,480

The RAI Gunner Total
2019
E f
RA Publications - Subscription 37,242 37,242
RA Publications —Advertising income 3,730 3,730
Grants 65,000 25,000 90,000
Legacies 109 109
65,109 65,972 131,081
020 Other Income
The RAI Gunner Total
2020
E E f
Sale ofbooks 362 362
Receipts of Laid Down Wines 47 47
Sandown Food 975 975
1,384 1,384

The RAI Gunner Total
2019
E E E
Sale ofbooks 198 198
Receipts of Laid Down Wines 1,447 1,447
Sandown Food 391 391
2,036 2,036

The RAI Gunner Total
2020
Annual
Allocations:		 E E E
The Gunner Magazine 5,000 5,000
The Master Gunner's Fund 622 622
RA Sports 127,477 127,477
RA HQ Mess 6,967 6,967
RA Central Sergeants Mess Fund 13,000 13,000
Support of Units - Unit Grants 65,190 65,190
Support
to Units —Senior/Commanding		 2,750 2,750
Officers
Recruiting 19,561 19,561
Regimental
Expenses		 742 742
Annual
Contingency
Reserve		 4,894 4,894
246,203 246,203
Other Grants:
Adventurous
Training		 1,025 1,025
Sandown
Transport		 5,713 5,713
Regimental
History Vill		 10,000 10,000
Misc Grants 521 521
Royal Artillery
Historical Trust
17,259 17,259
Grants
in year to RAM		 38,250 38,250
Grants payable to RAM (cancelled) (500,000) (500,000)
Total Grants Paid (198,288) (198,288)
Support Cost to Charitable Activities:
Salaries 145,961 145,961
Employers
Pension Contributions		 10,805 10,805
Wages in Kind 45,016 38,971 83,987
201,782 38,971 240,753
Presentation
&Awards		 (869) (869)
Printing,
postage &Stationery		 133 3,391 3,524
Computer
software/Hardware		 2,121 2,121
Insurance 3,831 3,831
Chattels (maintenance) 16,056 16,056
Travelling
&Entertainment		 232 232
Miscellaneous 2,794 200 2,994
Audit Fees 10,170 10,170
Under Provision
Audit		 2019 2,250 2,250
Legal and Professional Fees 7,842 7,842
44,560 3,591 48,151
Total Charitable
Activities		 48,054 42,562 90,616

The RAI Gunner Total
2019
Annual
Allocations:		 E E
The Gunner Magazine 5,000 5,000
The Master Gunner's Fund 5,537 5,537
RA Sports 157,969 157,969
RA HQ Mess 6,864 6,864
RA Central Sergeants Mess Fund 10,000 10,000
Support ofUnits - Unit Grants 65,553 65,553
Support
to Units —Senior/Commanding		 11,738 11,738
Officers
Recruiting 19,683 19,683
Regimental
Expenses		 23,179 23,179
Annual
Contingency
Reserve		 16,190 16,190
321,713 321,713
Other Grants:
Adventurous
Training		 2,940 2,940
Sandown Transport 9,587 9,587
Regimental
History
Vill		 8,200 8,200
Misc Grants 24,200 24,200
Royal Artillery
HistoricalTrust		 9,240 9,240
54,167 54,167
Grants
in year to RAM
Grants Payable to RAM 500,000 500,000
Total Grants Paid 875,880 875,880
Support Cost to Charitable Activities:
Salaries 130,372 130,372
Employers
Pension Contributions		 14,596 14,596
Wages in Kind 54,173 52,546 106,719
199,141 52,546 251,687
Presentation
8 Awards		 1,395 1,395
Printing,
postage 8 Stationery		 488 3,861 4,349
Computer
software/Hardware		 3,385 3,385
Insurance 3,194 3,194
Chattels 965 965
Travelling
IL Entertainment		 3,556 3,556
Miscellaneous 3,995 1,456 5,451
Audit Fees 7,950 7,950
Under Provision Audit 2018 510 510
Legal and Professional Fees 11,045 11,045
32,927 8,873 41,800
Total Charitable
Activities		 1,107,948 61,419 1,169,367

2020 2019
Number Number

The RAI Gunner Total
2020
E
voted investments
Market value at 1January 10,457,282 59,291 10,516,573
Purchases 1,136,542 6,572 1,143,114
Sales proceeds (1,119,786) (6,475) (1,126,261)
Investment
Management		 Fee (43,010) (249) (43,259)
Net realised/unrealised Losses 224,985 1,301 226,286
Aliquot Changes (6,235) 1,139 (5,096)
Cash movements 43,427 251 43,678
Market value at 31December 10,693,205 61,830 10,755,035
Historical value at31December 7,238,674 40,033 7,278,707
E
Findlay Park 577,271
The RAI Gunner Total
2020
Investment Cash Breakdown
Investments 10,542,753 60,976 10,603,729
Income Account 23,747 135 23,882
Dealing &Deposit Account 126,705 719 127,424
Market value at 31December 10,693,205 61,830 10,755,035

The RAI Gunner Total
2019
f
Market value at 1January 9,766,733 57,190 9,823,923
Purchases 1,496,150 8,483 1,504,633
Sales proceeds (1,749,503) (9,921) (1,759,424)
Investment
management		 fee (46,202) (270) (46,472)
Net realised/unrealised losses 1,319,422 7,481 1,326,903
Aliquot Changes (13,149) (1,887) (15,036)
Cash movements (316,169) (1,785) (317,954)
Market value at31December 10,457,282 59,291 10,516,573
Historical value at 31December 7,238,674 40,033 7,278,707
2019Comparisons
The RAI Gunner Total
2019
E
Investment
Cash Breakdown
Investments 10,307,156 58,440 10,365,596
Income Account 37,073 210 37,283
Dealing &Deposit Account 113,053 641 113,694
Market value at 31December 10,457,282 59,291 10,516,573

The RAI Gunner Total RAI &GNR
Total
2020 2019
E E E E
Medals and Swords 9,566 9,566 10,470
Books 6,391 6,391 6,469
15,957 15,957 16,939
2020 Debtors
The RAI Gunner Total
2020
E E E
Accrued Service Giving Income 29,098 29,098
Insurance on behalf ofthird parties 122 122
Investment Income 1,212 1,212
Gift Aid 165 165
29,385 1,212 30,597

2019Debto rs Continued
The RAI Gunner Total
2019
f E E
Accrued Service Giving Income 28,623 28,623
Insurance on behalf ofthird parties 122 122
Investment Income 1,160 1,160
Gift Aid 183 183
CSM 12,000 12,000
40,928 1,160 42,088

020 Cash at bank and in hand
The RAI Gunner Total
2020
E E
COIF Charities Deposit Fund 19,622 19,622
Bank current accounts 458,476 17,767 476,243
478,098 17,767 495,865
2019Cash at bank and in hand
The RAI Gunner Total
2019
E f E
COIF Charities Deposit Fund 19,571 19,571
Bank current accounts 308,827 6,415 315,242
Cash 44 44
328,442 6,415 334,857
Creditors
The RAI Gunner Total RAI &GNR Total
2020 2019
f E
Amounts
falling due		 within one year:
Gunner Investment Income 1,212 1,212 1,160
RAHT Investment Income 7,582 7,582 8,209
RHAA Investment income 3,395
CSM Investment Income 17,151 17,151 14,718
Accrual - Audit and accountancy 10,170 10,170 7,920
Other Creditors 17,540 17,540 10,137
RHA Association 97,939 97,939 95,509
Officers Mess Fund 19,571
RAM grants payable 500,000
151,594 151,594 660,619

Balance Incoming Outgoing Net Gain on Transfers Balance at 31
1January 20 Resources Resources Investment December 20
f f E 6 f
Baxter Fund 938,468 18,989 (18,974) 22,027 960,510
Royal Horse Artillery Assoc 111,159 1,816 (17,555) 2,519 97,939
Regimental Church 16,980 16,980
Royal Artillery Church 10,500 10,500
Refurbishment
Total 1,077,107 20,805 (36,529) 24,546 1,085,929
2019Restricted Fund
Balance Incoming Outgoing Net Gain on Transfers Balance at 31
1January 19 Resources Resources Investment December 19
E E E E E E
Baxter Fund 841,553 18,974 (40,706) 118,647 938,468
Royal Horse Artillery Assoc 95,509 2,459 13,191 111,159
Regimental Church 16,980 16,980
Royal Artillery Church 10,500 10,500
Refurbishment
Total 964,542 21,433 (40,706) 131,838 1,077,107

2020 Analysis ofnet assets between funds 2020
Current Net
Investments (liabilities)/
assets Total
f E
Restricted funds:
Baxter Fund 972,659 (12,149) 960,510
Royal Horse Artillery 96,123 1,816 97,939
Regimental Church Fund 16,980 16,980
RA Church
Refurb		 10,500 10,500
1,068,782 17,147 1,085,929
Unrestricted funds:
General
Fund		 9,686,253 373,678 10,059,931
10,755,035 390,825 11,145,860
2019Analysis ofnet assets between funds 2019
Current Net
Investments (liabilities)/
assets Total
f E
Restricted funds:
Baxter Fund 950,631 (12,163) 938,468
Royal Horse Artillery 108,700 2,459 111,159
Regimental Church Fund 16,980 16,980
RA Church Refurb 10,500 10,500
1,059,331 17,776 1,077,107
Unrestricted funds:
General
Fund		 9,457,242 (284,511) 9,172,731
10,516,573 (266,735) 10,249,838

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