## PN INDEPENDENT EXAMINATIONS
Road
5 Nursery Havant Hants PO9 3BG 07801 064450
The Commodore Royal Naval Air Station Yeovilton
11 May 22
## **THE CENTRAL AMENITIES FUND – EXAMINATION AND ACCOUNTS FOR THE YEAR ENDING 30 APR 22**
1. The annual examination of the Central Amenities Fund (CAF) for the year that ended on 30 Apr 22 has been completed satisfactorily. There is a separate report on the other Service funds which use the CAF as a bank. Two copies of the accounts are enclosed, one for the pack and the other to be returned to the CAF Manager after approval.
2. A draft Trustee’s Annual Report (TAR) is also enclosed. Once approved by the Commodore, and any changes inserted, a PDF version of the annual accounts and the TAR must be uploaded to the Charity Commission website. The on-line Annual Return should also be completed at the same time.
## Accounts and Musters
3. The accounts were well presented with a comprehensive set of supporting documents. Stocks had been mustered but cash had not been independently counted. However, there had been a surprise count of cash early in the New Year.
## Property
4. The bulk of the value of the fund (80%) was represented by its property (Note 7 in the accounts shows the book values). The main items were:
- Birds Quarry - £38K. It is understood that this cannot be sold to raise funds.
- Holiday Home - £31K. If sold 98% of the sale price would have to be returned to the RNRMC.
- Narrowboat - £32.5K.
## Yeovilton Motor Centre (see Note 14 to the Accounts)
5. The Garage had lost £5.9K in the year, although at the midyear point this loss was £6.4K, meaning that there had been a small profit in
the second half of the year. (If depreciation is ignored this profit was £2.7K.) The turning point came in Nov 21, when equipment rental costs ceased.
## Tall Trees Community Centre (see Note 15 in the accounts)
6. The bar had made a £3.8K profit. Taken as a whole the Centre had made a gain of £3.4K. This was because the Centre had received £5.3K in hall hire charges, which effectively covered most of the overheads.
7. A local decision was made that room hire charges should go to the Centre, and therefore the CAF, rather than to the Crown. This was because the CAF administers the bar areas and maintains the internal structure of the centre.
8. As the system is new the procedures are rudimentary but will have to be improved. Most importantly, as room hire is now part of its business, charges are subject to VAT. This means that a VAT invoice proforma should be produced which should include:
- The CAF’s VAT registration number.
- Serial number.
- Net amount charged plus rate of VAT (20%) and then gross amount.
- If over £250, addressed to the customer by name and address.
## Narrowboat
9. Narrowboat Warnford VC had made a £14K profit (but then less £5.3K depreciation), which was significantly better than in pre-Covid years which often returned around £6K. This was largely a result of the temporary lower rates of VAT, which were not passed on to the customer. As VAT has returned to its normal 20%, such exceptional profits will not continue and therefore future forecasts should be based on pre-Covid profits.
## Other Income
10. There were varying results from the main income streams.
- The holiday home had made a profit of £8K but this would be less if depreciation of £2.9K was taken into account.
- Gym user pass income had increased to £8.2K and was approaching pre-Covid levels of around £10K.
- Income from caravan parking, raised £4.2K. (In recent years parking charges had been brought into the CAF as an income stream.)
- Family Room hires raised £1.4K, compared to £2K in the previous Covid year!
- Despite holding £227K on deposit, interest rates have been poor, although they recently increased to more than just pennies.
- The income from the barber’s rent was largely offset by the amount paid to DIO.
## Expenditure
11. The costs of non-trading activities had reduced or remained steady:
- Sports spending was £6.4K compared to £9.7K in the previous year. Costs included £1.5K for insurance for civilian gym users and the £3.6K cost of the LesMills subscription.
- The amount paid out in grants was zero. Pre-Covid this would have been around £12K.
## Financial Situation
12. With an increase of £24.9K, the accounts look much healthier than those seen at the start of the year (page 2 of the accounts). However, the figures were very deceptive primarily because exceptional income came into the fund:
- A £30K Gosling grant for garage equipment increased the value of property, and therefore the fund, by £30K without changing the bank balance.
- A £5K Gosling general grant was part used to buy the garage equipment, increasing the value of property by £2.5K.
- The Short Term Family Accommodation fund was closed and its balance of £4K was gifted to the CAF.
- A reduction in the value of the holiday home led to a reduction of the liability to the Nuffield Trust and hence a non cash income of £1.5K.
13. If these non-cash items are put to one side, there was actually an operating loss of £15.6K. However, if the £13.6K non-cash cost of depreciation is also extracted, the cash loss was just £2K.
14. Overall, the fund has lost £8.5K in the last six months. It had been expected that the CAF would lose about £13K so this was a relatively good result. The CAF will always do less well in the second half of the year as the narrowboat is out of operation Nov to Feb and the Holiday Home, whilst available, is only occasionally booked.
## Summary
15. The finances of the CAF remained precarious and the loss of Excess Income is sorely felt, not least because this CAF does not have the reserves of investments seen elsewhere. Nevertheless, there are some grounds to be optimistic as the garage has moved into a profit. However, this is still only treading water as the CAF will be unlikely to be able to meet its prime function of supporting the welfare of junior ratings.
16. The CAF was worth £189K of which £135K was represented by the net value of property assets and stock. Bank and deposit assets totalled £272K of which £197.3K belonged to other funds. The balance of £74.7K easily covered £33K of liabilities.
NB the £135K figures comes after deducting the NT liability.
P A Nicholls PN Independent Examinations
Information:
CAF Manager
## **HMS HERON CENTRAL AMENITIES FUND**
## **Registered Charity No 1129715**
## **BALANCE SHEET**
## **30-Apr-22**
|**Fixed Assets**
Notes
Property
7
**Current Assets**
Stocks
8
Debtors & Prepayments
9/9A
Charities Deposit Account
Bank Accounts
Cash & Floats
**Current Liabilities**
Trade Creditors
10
Tall Trees Creditors
10A
Central Bank for:
Service Funds
11
Dispersing Funds
11A
Dormant Funds
11B
Approved Funds
11C
Net Current Assets
**Long Term Liability**
Nuffield Trust (Holiday Home)
10B
**Total Net Assets**|14,680.00
£
8,730.72
£
227,482.32
£
44,653.87
£
2,838.40
£
298,385.31
£
29,171.55
£
3,940.16
£
102,867.36
£
37,954.75
£
247.32
£
56,228.47
£
230,409.61
£|151,044.00
£
_129,088.00_
_£_
_9,093.01_
_£_
_15,592.03_
_£_
_247,289.60_
_£_
_30,025.67_
_£_
_2,431.11_
_£_
_304,431.42_
_£_
_22,868.89_
_£_
_1,079.08_
_£_
_105,371.47_
_£_
_45,519.55_
_£_
_247.32_
_£_
_61,601.02_
_£_
_236,687.33_
_£_
67,975.70
£
_67,744.09_
_£_
30,128.00
£
_32,872.00_
_£_
**188,891.70**
**£**
**_163,960.09_**
**_£_**
_30-Apr-21_|151,044.00
£
_129,088.00_
_£_
_9,093.01_
_£_
_15,592.03_
_£_
_247,289.60_
_£_
_30,025.67_
_£_
_2,431.11_
_£_
_304,431.42_
_£_
_22,868.89_
_£_
_1,079.08_
_£_
_105,371.47_
_£_
_45,519.55_
_£_
_247.32_
_£_
_61,601.02_
_£_
_236,687.33_
_£_
67,975.70
£
_67,744.09_
_£_
30,128.00
£
_32,872.00_
_£_
**188,891.70**
**£**
**_163,960.09_**
**_£_**
_30-Apr-21_|
|---|---|---|---|
||||**_163,960.09_**
**_£_**|
Approved on 31 May 2022
## Signed on Original
Commodore N R Griffin MBE Royal Navy Sole Managing Trustee
1
YEOCAFApr22BSZBALANCE SHEET
## **HMS HERON CENTRAL AMENITIES FUND**
## **STATEMENT OF FINANCIAL ACTIVITIES**
|**Income**
Notes
Donations & Grants
Charitable Activities
Other Trading Activities
Investment Income
Total Income
3
**Expenditure**
Charitable Activities
Other
Total Expenditure
4
Net income (expenditure)
Less Previous Year Excess Income Correction
Net movement in funds
Total Funds brought forward 1 May 21
Net Movement of Funds
Total Funds carried forward 30 Apr 22|2021-22
41,999.79
£
238,874.41
£
9,472.00
£
284.78
£
290,630.98
£
265,699.37
£
-
£
265,699.37
£
24,931.61
£
-
£
24,931.61
£
163,960.09
£
24,931.61
£
188,891.70
£|_2020-21_
_26,019.43_
_£_
_98,349.39_
_£_
_3,770.18_
_£_
_97.72_
_£_|
|---|---|---|
|||_128,236.72_
_£_|
|||_209,233.80_
_£_
_-_
_£_|
|||_209,233.80_
_£_|
|||_(80,997.08)_
_£_
_(8,255.00)_
_£_|
|||_(89,252.08)_
_£_|
|||_244,960.17_
_£_
_2,532.29_
_£_|
|||_155,708.09_
_£_|
2
YEOCAFApr22BSZSOFA SUM
## **HMS HERON CENTRAL AMENITIES FUND**
## **Notes to the Accounts dated 30 April 2022**
## **Note 1 - Accounting policies**
a. The financial statements are prepared under the historic cost convention (as modified by the revaluation of fixed asset investments) and in accordance with applicable accounting standards: Charities Statement of Recommended Practice 2019 and the provisions of the Charities Act 2011. Significant policies adopted are:
## Incoming resources
a. Donations are included in the Statement of Financial Activities (SOFA) when the CAF becomes entitled to the donation or grant and it is reasonably certain that it will be received.
- b. Incoming resources from fund raising are reported gross in the SOFA
- c. Intangible income is not included in the accounts.
- d. The CAF receives no unpaid volunteer help.
- e. Investment income is included in the accounts when receivable.
## Expenditure and liabilities
a. Liabilities are recognised as soon as there is a legal or constructive obligation committing the CAF to the expenditure.
b. Administration costs are incurred by the CAF Manager and her assistant. These costs are not apportioned as their tasks are wide ranging in support of leisure and amenities and include the maintenance of the Central Bank facility for other funds.
## Assets
a. Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £250. They are valued at cost or a reasonable value on receipt. The CAF does not have a policy of revaluation. Depreciation is straight line and over the estimated life of the item.
b. Investments on a recognised stock exchange are valued at market value at the date of the Balance Sheet or at best estimate of market value.
- c. Stocks are valued at the lower of cost or market value.
## **Note 2 - Investments**
There are none
3
## **Note 3 - Income**
|_Voluntary Income_
Gosling Garage Grants
Gosling General Grant
STFAC Closing Down Grant
Crealy Donations
Furlough CAF Grant
Tall Trees Grants
_Charitable Activities_
Tall Trees (see Note 15)
Garage (See Note 14)
Narrowboat
Holiday Home
Holiday Home - Reduce NT Liability
Caravan Parking
Sports Income/LeMills
Family Rooms
Barber's Rent
_Fund Raising_
Recreational Passes
Sub Fund Contributions
_Investment Income_
Interest
Total Income
**Note 4 - Expenditure**
_Charitable Activities_
Operating Costs
Tall Trees (See Note 15)
Narrowboat
Narrowboat Depreciation
Holiday Home
Holiday Home - Depreciation
Garage (See Note 14)
Sports Expenditure
Civ Insurance - Gym
Les Mills Subscription
Insurance
Barber DIO
Vending Depreciation
Grants
TV Licences
Gifts
Governance Costs
Independent Examination Fees
Support Costs
Office Salaries
Pensions
Office Administration
Bank Charges
Fuel
Minor Depreciation
Total Expenditure|32,500.00
£
_-_
_£_
2,500.00
£
_-_
_£_
3,971.60
£
_-_
_£_
3,028.19
£
_416.70_
_£_
-
£
_2,477.43_
_£_
-
£
_23,125.30_
_£_
41,999.79
£
_26,019.43_
_£_
71,550.68
£
_22,743.69_
_£_
108,068.34
£
_44,531.21_
_£_
30,598.77
£
_12,182.15_
_£_
17,044.06
£
_7,022.64_
_£_
2,744.00
£
_2,800.00_
_£_
4,520.69
£
_4,640.00_
_£_
216.46
£
_947.20_
_£_
1,439.76
£
_2,038.70_
_£_
2,691.65
£
_1,443.80_
_£_
238,874.41
£
_98,349.39_
_£_
8,230.00
£
_3,452.18_
_£_
1,242.00
£
_318.00_
_£_
9,472.00
£
_3,770.18_
_£_
284.78
£
_97.72_
_£_
290,630.98
£
_128,236.72_
_£_
67,485.36
£
_54,878.28_
_£_
16,441.43
£
_13,263.02_
_£_
5,516.00
£
_5,516.00_
_£_
8,925.19
£
_3,943.16_
_£_
2,935.99
£
_2,885.83_
_£_
113,990.61
£
_67,893.83_
_£_
1,252.14
£
_9,688.36_
_£_
1,541.76
£
_1,646.40_
_£_
3,600.00
£
_-_
_£_
819.55
£
_1,268.89_
_£_
2,281.85
£
_267.36_
_£_
597.00
£
_964.00_
_£_
-
£
_2,919.58_
_£_
318.00
£
_157.50_
_£_
145.83
£
_585.00_
_£_
2,155.00
£
_2,030.00_
_£_
31,996.91
£
_34,693.96_
_£_
1,836.00
£
_2,220.00_
_£_
2,393.79
£
_2,960.66_
_£_
27.21
£
_870.42_
_£_
50.00
£
_40.55_
_£_
1,389.75
£
_541.00_
_£_
265,699.37
£
_209,233.80_
_£_
265,699.37
£
_209,233.80_
_£_
_Previous Year_
Year to April 2022|32,500.00
£
_-_
_£_
2,500.00
£
_-_
_£_
3,971.60
£
_-_
_£_
3,028.19
£
_416.70_
_£_
-
£
_2,477.43_
_£_
-
£
_23,125.30_
_£_
41,999.79
£
_26,019.43_
_£_
71,550.68
£
_22,743.69_
_£_
108,068.34
£
_44,531.21_
_£_
30,598.77
£
_12,182.15_
_£_
17,044.06
£
_7,022.64_
_£_
2,744.00
£
_2,800.00_
_£_
4,520.69
£
_4,640.00_
_£_
216.46
£
_947.20_
_£_
1,439.76
£
_2,038.70_
_£_
2,691.65
£
_1,443.80_
_£_
238,874.41
£
_98,349.39_
_£_
8,230.00
£
_3,452.18_
_£_
1,242.00
£
_318.00_
_£_
9,472.00
£
_3,770.18_
_£_
284.78
£
_97.72_
_£_
290,630.98
£
_128,236.72_
_£_
67,485.36
£
_54,878.28_
_£_
16,441.43
£
_13,263.02_
_£_
5,516.00
£
_5,516.00_
_£_
8,925.19
£
_3,943.16_
_£_
2,935.99
£
_2,885.83_
_£_
113,990.61
£
_67,893.83_
_£_
1,252.14
£
_9,688.36_
_£_
1,541.76
£
_1,646.40_
_£_
3,600.00
£
_-_
_£_
819.55
£
_1,268.89_
_£_
2,281.85
£
_267.36_
_£_
597.00
£
_964.00_
_£_
-
£
_2,919.58_
_£_
318.00
£
_157.50_
_£_
145.83
£
_585.00_
_£_
2,155.00
£
_2,030.00_
_£_
31,996.91
£
_34,693.96_
_£_
1,836.00
£
_2,220.00_
_£_
2,393.79
£
_2,960.66_
_£_
27.21
£
_870.42_
_£_
50.00
£
_40.55_
_£_
1,389.75
£
_541.00_
_£_
265,699.37
£
_209,233.80_
_£_
265,699.37
£
_209,233.80_
_£_
_Previous Year_
Year to April 2022|
|---|---|---|
||71,550.68
£
108,068.34
£
30,598.77
£
17,044.06
£
2,744.00
£
4,520.69
£
216.46
£
1,439.76
£
2,691.65
£||
||8,230.00
£
1,242.00
£||
||67,485.36
£
16,441.43
£
5,516.00
£
8,925.19
£
2,935.99
£
113,990.61
£
1,252.14
£
1,541.76
£
3,600.00
£
819.55
£
2,281.85
£
597.00
£
-
£
318.00
£
145.83
£
2,155.00
£
31,996.91
£
1,836.00
£
2,393.79
£
27.21
£
50.00
£
1,389.75
£||
|||_128,236.72_
_£_|
|||_209,233.80_
_£_|
||||
|||_209,233.80_
_£_|
4
## **Note 5 - Paid Employees**
|a.|Wages/Salaries:|£|114,462
|_Previous Year (£100,109)_|
|---|---|---|---|---|
||Employers National Insurance:|£|4,788
|_Previous Year (£2218)_|
||Pensions|£|6,015
||
|b.|There were 8 employees||||
||None earned more than £50,000|pa|||
## **Note 6 - Trustees and Other Related Parties**
- a. No expenses or emoluments have been paid to the Sole Managing Trustee
- b. There are no amounts due to or from the Sole Managing Trustee
- c. The sole Managing Trustee is also the sole Managing Trustee of the Wardroom HMS Heron and the WO, SR & SNCO Mess HMS Heron.
- d. The Sole Managing Trustee is also the trustee of the charitable Service funds that use the CAF as their Central Bank (Note 11).
## **Note 7 - Fixed Assets - Fixtures, Fittings and Equipment**
|Value at 1 May 21
Additions
Less Depreciation
Value at 30 Apr 22|Narrowboat
38,054
£
-
£
(5,516)
£|Garage|Birds
Quarry|Tall
Trees|Vending|Other|Holiday
Home
Total
33,680
£
129,088
£
256
£
34,926
£
(2,936)
£
(12,970)
£
31,000
£
151,044
£|
|---|---|---|---|---|---|---|---|
|||17,467
£
32,999
£
(3,132)
£|38,000
£
-
£
-
£|420
£
1,671
£
(365)
£|722
£
-
£
(597)
£|745
£
-
£
(424)
£||
||32,538
£|47,334
£|38,000
£|1,726
£|125
£|321
£||
## **Note 8 - Stocks**
|**Note 8 - Stocks**||
|---|---|
|Garage
Tall Trees Bar Stock|10,696.00
£
3,984.00
£|
||14,680.00
£|
## **Note 9 - Miscellaneous Debtors (Payable in less than one year)**
|Interest - Apr 22
Garage Invoices
Tall Trees Bar Sales in Hand
**Note 9A- Prepayments**
Insurance- Garage
Insurance - Narrowboat
Narrowboat Mooring Fees
Narrowboat Licence
Cornish Charm Site Fees|88.00
£
529.05
£
1,005.67
£|
|---|---|
||1,622.72
£|
||577.00
£
486.00
£
3,157.00
£
695.00
£
2,193.00
£|
||7,108.00
£|
## **Note 10 - Creditors (payable in less than one year)**
|Unidentified Bank Credits
Prebooked Narrowboat
Narrowboat Turnaround
Prebooked Cornish Charm
PNIE Examination
Garage
Berry's Coaches
HMRC - VAT
HMRC - PAYE|3,573.63
£
7,953.00
£
250.00
£
2,022.92
£
910.00
£
4,952.21
£
65.47
£
7,012.89
£
2,431.43
£|
|---|---|
||29,171.55
£|
5
|**Note 10A - Tall Trees Creditors**
Bar Stocktake
Bar Purchases
PRS (Estimated)
PNIE Examination
**Note 10B - Long Term Creditor**
RNRMC (Nuffield Trust) - Interest in Holiday Home
**Note 11 - Service Funds held by CAF as Central Bank**
815 NAS Officers' Fund
815 NAS Welfare Fund
815 NAS SR Fund
825 NAS Welfare Fund
825 NAS Officers Fund
825 NAS Wings Parade
845 NAS Welfare Fund
845 NAS Officers Fund
846 NAS Officers Fund
846 NAS SR Fund
846 NAS Welfare Fund
846 NAS Wings Parade
847 NAS Officers Fund
847 NAS Welfare Fund
Junglie Cocktail Party
AED Officers Fund
Black Cats Display Team
CHF Families Day
CHF Officers Fund
CHF Sports Fund
CHF Welfare Fund
Exercise Rotary Cluster
846 Dinner
HMS Heron Field Gun
Heron Gliding Club
Heron Sailing Club
Yeovilton Gaming Club
Yeovilton Golf Society
Sporting Gun Club
Station Families Day
Volunteer Band
FAA Grass Roots
Heron Grass Roots
NAC Sub Aqua Club
RN Motor Cycle Club
RN Model Aircraft Association
Plumbers Union|110.00
£
2,155.16
£
1,500.00
£
175.00
£|
|---|---|
||3,940.16
£|
||30,128.00
£
4,737.69
£
5,132.78
£
70.81
£
1,773.40
£
1,026.73
£
1,476.13
£
853.46
£
3,644.40
£
1,154.97
£
183.88
£
3,049.07
£
159.10
£
1,174.94
£
372.94
£
2,288.91
£
2,890.28
£
9,336.43
£
1,567.88
£
1,767.12
£
705.00
£
2,154.28
£
1,937.95
£
5.81
£
9,324.99
£
3,525.46
£
849.76
£
457.17
£
3,845.90
£
1,818.66
£
16,353.16
£
4,498.54
£
7,367.53
£
1,199.97
£
1,040.82
£
919.67
£
3,886.77
£
315.00
£|
||102,867.36
£|
6
**Note 11A - Dispersing Funds held by CAF as Central Bank**
|Air Engineering & SE NVQ Rewards|£|33,104.98
|
|---|---|---|
|RNSAC - GNVQ AWARDS|£|1,235.80
|
|Charity Grants|£|21.57
|
|JR Accommodation Keys|£|146.67
|
|Key Fobs|£|3,445.73|
||£|37,954.75|
|**Note 11B - Dormant Funds held by CAF as Central**||**Bank**|
|LWMF Families Day|£|247.32
|
||£|247.32|
|**Note 11C - Approved Funds Using the CAF as Central Bank**|||
|RNR Air Branch - Officers|£|9,292.79
|
|RNR Air Branch - Warrant Officers|£|11,820.09
|
|Boxing|£|2,578.25
|
|Breaking the Silence|£|1,273.68
|
|Cinema|£|277.15
|
|Coarse Angling Club|£|2,537.79
|
|Covid Food|£|550.68
|
|Dog Passes|£|2,537.76
|
|Exercise White Dagger|£|4,615.00
|
|Flight Safety|£|375.05
|
|HOD's Go Karting|£|104.00
|
|JR Committee|£|1,478.69
|
|Narrowboat Deposits|£|1,000.00
|
|Korean Hospitality|£|1,009.60
|
|Guernsey Golf|£|74.01
|
|Childrens Swimming Club|£|2,092.70
|
|Puxton & CrealyTickets|£|353.75
|
|Yeovilteenies PTA|£|906.61
|
|REME at DE&S|£|726.93
|
|RM Aircrewmen Dinner Fund|£|334.36
|
|RN Commando Dinner|£|480.00
|
|RN Netball|£|284.77
|
|RNRM Welfare Contingency Fund|£|3,256.65
|
|RNRM Wyndam|£|4,882.81
|
|Sanctuary Coffee|£|85.01
|
|Sanctuary Bacon Rolls|£|177.53
|
|Sanctuary Building Improvements|£|507.99
|
|UPO|£|0.84
|
|Chaplaincy Outreach|£|506.72
|
|TT Little Acorns|£|930.66
|
|TT Reserve (Closed Groups)|£|38.75
|
|TT Youth Club|£|763.59
|
|TT Youth Forum|£|223.00
|
|TT Great Oaks|£|151.26|
||£|56,228.47|
## **Note 12 - Endowment or Restricted Income Funds**
None held
7
## **Note 13 - Other Information**
- a. The CAF does not have any material commitments not provided for in the accounts
- b. The CAF has not given any guarantees to any third party that could be called on at the year end.
- c. The CAF has not granted any loans.
- d. The CAF did not make any ex gratia payments during the year.
## **Declarations**
- a. The Trustee has not changed the year end date nor the length of the CAF's financial year b. The CAF has no designated funds.
- c. All the CAF's operations are continuing operations and no operations were discontinued during the year.
- d. The CAF has no intangible assets (other than office and community centre space provided by the Ministry of Defence)
- e. There were no interfund loans outstanding at the balance sheet date.
- f. None of the CAF's functional assets have been revalued during the year and the CAF does not have a policy of revaluation of these assets.
- g. The CAF has no material fixed assets which have not been capitalised and included in the Balance Sheet.
## **Note 14 - Yeovilton Motor Centre Trading Account for Year to 30 Apr 22**
|Total Sales
Cost of Sales
Gross Profit
Less:
Wages
Additional MOT Labour
Furlough Grant
Insurance
Garage depreciation
Net profit or (loss)
_Gross Profit/Sales_
_Net Profit or (loss)/Sales_|63,849.57
£
-
£
(640.00)
£
1,787.29
£
3,132.00
£
58%
-5%|108,068.34
£
_44,531.21_
_£_
(45,861.75)
£
_(32,509.44)_
_£_
62,206.59
£
_12,021.77_
_£_
_44,316.30_
_£_
_287.00_
_£_
_(13,252.84)_
_£_
_2,317.93_
_£_
_1,716.00_
_£_
(68,128.86)
£
_(35,384.39)_
_£_
**(5,922.27)**
**£**
**_(23,362.62)_**
**_£_**
_27%_
_-52%_
_Previous Year_|
|---|---|---|
8
**Note 15 - Tall Trees - 12 months to 30 Apr 22 (includes bar trading - Note 15A)**
|Income
Grants
Bar Sales
Gaming Machines
Pool Table
Juke Box
Room Hire
Miscellaneous
Expenditure
Bar Expenses
Play Park
Events
Grant Funded Events
Repairs & Renewals
Covid items
Insurance
Performing Rights/PPL/MPLC
TV Licence
SDC Licence
Office and Miscellaneous
Less Examination
Less Depreciation
Net Gain|800.00
£
63,898.63
£
282.70
£
350.00
£
199.60
£
5,308.00
£
711.75
£
60,119.00
£
-
£
2,124.36
£
572.42
£
321.64
£
-
£
1,302.49
£
1,400.00
£
159.00
£
-
£
1,486.45
£|_Previous Year_
_23,125.30_
_£_
_21,136.67_
_£_
_24.00_
_£_
_-_
_£_
_111.83_
_£_
_-_
_£_
_1,471.19_
_£_
71,550.68
£
_45,868.99_
_£_
_25,505.63_
_£_
_23,154.48_
_£_
_1,251.74_
_£_
_-_
_£_
_436.44_
_£_
_244.82_
_£_
_2,111.87_
_£_
_163.00_
_£_
_-_
_£_
_360.00_
_£_
_1,650.30_
_£_
67,485.36
£
_54,878.28_
_£_
345.00
£
_330.00_
_£_
284.90
£
_120.00_
_£_
**3,435.42**
**£**
**_(9,459.29)_**
**_£_**|
|---|---|---|
## **Note 15A - Tall Trees Bar Trading Account - 12 months to 30 Apr 22**
|Total Sales
Cost of Sales
Gross profit
Less: Bar Trading Costs
Wages & Employers NI
Furlough Grants
Stock Muster
Pipecleaning
Wastage/Out of Date
Free Drinks
Bar Sundries
Net Bar Trading Profit
_Gross Profit/Sales_
_Gross Profit/Cost of Sales_
_(or average mark up)_
_Net Profit/Sales_|63,898.63
£
_21,136.67_
_£_
(30,960.66)
£
_(11,630.68)_
_£_
32,937.97
£
_9,505.99_
_£_
27,582.90
£
} 41.6%
_23,317.21_
_£_
_52.6%_
(1,021.02)
£
}
_(12,192.67)_
_£_
410.00
£
_200.00_
_£_
881.47
£
1.4%
_362.45_
_£_
_1.7%_
485.71
£
0.8%
_1,880.33_
_£_
_8.9%_
213.35
£
_60.44_
_£_
605.93
£
_247.19_
_£_
(29,158.34)
£
(13,874.95)
£
**3,779.63**
**£**
**(4,368.96)**
**£**
52%
45%
106%
_82%_
6%
_-21%_
_Previous Year_|
|---|---|
9
## _**THE CENTRAL AMENITIES FUND**_
## _**HMS HERON**_
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
**For Period**
**1 May 2021 to 30 April 2022**
**Registered Charity No. 1129715**
## **Trustees’ Annual Report and Comments**
||Central Amenities Fund HMS HERON|
|---|---|
|Charity Registered No:
|1129715|
|Covering the Accounting Year: 1 May 2021 to 30 April 2022||
|Address:|RNAS Yeovilton|
||Ilchester|
||Somerset BA22 8HT|
|Governing Document:
|Constitution|
|Object:|Promotion of the Military Efficiency and Operational|
||Effectiveness of the Armed Forces by the provision of|
||leisure activities and domestic facilities to Service personnel|
||and their families serving in the Royal Naval Air Station|
||Yeovilton. In addition, it provides central fund banking|
||facilities for a variety of Service and Approved funds.|
|Trustee:|Commodore N R Griffin MBE Royal Navy|
|Trustee selection method:|Appointed as such by the Naval Secretary.|
|Bankers:|Barclays Bank|
||King George Street|
||Yeovil|
|Independent Examiner:|P A NichollsMBE MAAT|
||5 Nursery Road|
||Havant|
||Hants PO9 3BG|
|Activities and achievements:|To have resources available for expenditure on|
||improvements to the quality of life, and the engenderment of|
||espirit de corps. The fund struggled to meet some of its|
||objectives in the past year although the community centre,|
||narrow boat, motor home and garage facilities were well|
||used by the Service personnel and their families.|
|Financial Review:|The finances of the CAF remained precarious and the loss of|
||Excess Income is sorely felt, not least because this CAF does|
||not have the reserves of investments seen elsewhere.|
||Nevertheless, there are some grounds to be optimistic as the|
||garage has moved into a profit. However, this is still only|
||treading water as the CAF will be unlikely to be able to meet|
||its prime function of supporting the welfare of junior ratings.|
||The CAF was worth £189K of which £135K was represented|
||by the net value of property assets and stock. Bank and|
||deposit assets totalled £272K of which £197.3K belonged to|
||other funds. The balance of £74.7K easily covered £33K of|
||liabilities.|
Financial Reserves Policy:
The Trustee has considered the level of reserves that is required, appropriate to the charity’s needs. This is set at £100K, although it is currently less than that figure. It is held within the Charity Deposit Account. It seeks to provide three months CAF running costs and to be able to replace the narrowboat. The Trustee aims to ensure that the charity will be able to fulfil its charitable objectives even if there is a temporary shortfall in income and unexpected expenditure. The Trustee will endeavour not to set aside funds unnecessarily.
Risk Assessment: The Trustee reviews the major risks to which the charity is exposed, and systems have been established to manage those risks and believes that by building up the free reserves it will provide sufficient resources in the event of adverse conditions. Independent examination of the accounts twice yearly will mitigate the risk of any mismanagement by the committee.
Public Benefit Statement: This fund provides public benefit by assisting Service personnel to more effectively perform their roles within the Armed Forces of the Crown. It does this by providing and supporting leisure facilities and social activities. This assistance enables Service personnel to face the challenges and danger associated with military service by developing and maintaining teamwork, spirit and attitude, and morale. As a result, the fund promotes the efficiency of the Armed Forces of the Crown by enhancing their capability to undertake the roles demanded of them including the defence of the United Kingdom and its interests.
I confirm that I have paid due regard to the Charity Commission of England and Wales’s guidance on public benefit when deciding what activities the charity should undertake.
Declaration:
I declare, in my capacity of Charity Trustee, that I have approved the above report.
## Signed on Original
Name Commodore N R Griffin MBE Royal Navy Appointment Commanding Officer and sole Managing Trustee Date 31 May 2022
## **Independent Examiner’s Report to the Trustee of the HMS Heron Central Amenities Fund.**
I report on the accounts of the Charity for the year ended 30 April 2022 which are set out in pages 1 to 9 and accompanying notes.
## **Respective responsibilities of trustees and examiner**
The charity’s trustee is responsible for the preparation of the accounts. The charity’s trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (The Charities Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a licenced member of the Association of Accounting Technicians.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustee for any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:
- The accounting records were not kept in accordance with section 130 of the Charities Act; or
- The accounts did not accord with the accounting records; or
- The accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than in any requirement that the accounts give a “true and fair” view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Signed on Original
P A Nicholls MBE MAAT 5 Nursery Road Havant Hants PO9 3BG
31 May 2022