REGISTERED CHARITY NUMBER: 1130218
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
FOR
THE OFFICERS' MESS CTCRM
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP
THE OFFICERS' MESS CTCRM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 17 |
THE OFFICERS' MESS CTCRM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2022
The trustees present their report with the financial statements of the charity for the year ended 31 January 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The fund exists for the collective benefit of the Officers of the Unit, to provide the appropriate facilities to enhance the military and individual skills of all mess members.
The objects of the fund are for the promotion of efficiency of the Armed Forces of the Crown by the provision and support of facilities and activities for the efficiency and well-being of service personnel.
Significant activities
The fund carries out its objects by:
Providing and assisting service personnel to more effectively perform their roles within the Armed Forces of the Crown by providing and supporting social activities, sporting and adventure training activities and associated facilities. This assistance enables service personnel to face the challenges and danger associated with military service by developing and maintaining their teamwork; skills; fitness; confidence, character, spirit, attitude and morale. As a result the fund promotes the efficiency of the Armed Forces of the Crown by enhancing the capability of the Royal Marines to undertake the roles demanded of it including the defence of the United Kingdom and its interests.
Income to the Charity is derived from various grants, rebates, surpluses from the bar and occasional donations. This income is sufficient to meet the demands of the various activities and assist the organisation to carry out the individual and/or group activities to assist in team building. This has been demonstrated by the many varied grants to groups and individuals to pursue activities and in doing so have enhanced military efficiency, improved moral and enhanced the general welfare of the beneficiaries of the fund.
In making those grants the management has considered the impact on the fund/account and where necessary has designated the amounts shown in the accounts to be carried over to the following year which represent the amounts allocated but not yet spend.
The activities of the charity in the form of social and occasional sporting events are accounted for by means of designated and restricted funds. The management find that by using these funds to analyse the income and expenditure, it can control the various projects with more ease for current and future charitable objects.
Public benefit
In accordance with the requirements of the Charities Act 2011 and the associated Charities (Accounts and Reports) Regulations 2008, the trustee confirms that he has complied with his duties to have due regard to the guidance on public benefit as published by the Charity Commission, in exercising his powers and duties in the year under review.
Grantmaking
The policy of the Trustee is to manage the Fund's affairs with prudence taking into consideration the long term as well as a short term view of the fund, whilst expending the income in accordance with the purpose laid down in the Fund's Charter. Grants to groups and individuals are made within the bounds of the charter.
Fund meetings are held monthly when it is practically possible where the management committee will consider bids and applications to the fund. Any bids falling outside the bounds of the charter are not normally approved unless they are within the spirit of the aim of the fund charter.
Page 1
THE OFFICERS' MESS CTCRM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2022
FINANCIAL REVIEW
Investment policy
The Trustee has the power to invest in such assets as he sees fit within the restrictions of the Investment policy laid down in Service Fund Regulations Chapter 8. The Trustee's aim is to invest all funds surplus to immediate requirements in interest bearing accounts to maximise the returns. However, due to the ongoing phased refurbishment plans for CTCRM's Officers' Mess and the wider financial position of the charity there are currently not sufficient surplus funds to invest.
Overview
The charity is maintaining a steady income and expenditure flow and across the accounting period the fund has operated as a going concern with sufficient monies available to provide for the day to day and future activities. The decrease is principally due Covid-19 impact and restrictions. The Statement of Financial Activities reports reduced income compared to the last pre Covid-19 financial year, for a second year. Expenditure has increased as the mess had more functions when Covid-19 restrictions eased from summer 2021.
The Trustee is satisfied with the performance of the fund over the last accounting period and considers that expenditure has been within the provisions of the charter of the fund.
Reserves policy
The Trustee's policy is to maintain a sufficient level of reserves to provide a stable base for the Charity's continuing activities. A sufficient level of reserves is considered to be four months expenditure to ensure the Charity would continue to function normally while evaluating future options. Four months expenditure would be approximately £67,000. At the balance sheet date the Charity had free reserves (total unrestricted funds less functional fixed assets held within the unrestricted funds) of £92,819. The Trustee therefore considers that the current level of free reserves is appropriate.
FUTURE PLANS
The charitable objectives for the forthcoming year are to:
-
Provide the appropriate amenity facilities for the members of the Officers Mess.
-
Make appropriate grants and to maintain and enhance the performance of the personnel within the organisation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its Charter, and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The Commanding Officer of CTCRM is the sole Managing Trustee in line with current service regulations. The Trustee is therefore selected by appointment from within the Royal Marines and will generally change at regular intervals.
Organisational structure
The Trustee has delegated the day to day running of the account to nominated representatives from within the unit organisation. Committee meetings are held on a frequent basis and have been structured to provide a wide representation of members to represent the best interests of the Charity. However, all decisions are minuted and approved by the Trustee as laid down within the charter.
Induction and training of new trustees
Trustees are inducted by appointment and will have received training in account management in accordance with Service Fund Regulations and whose duties are laid down in Queens Regulations.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1130218
Page 2
THE OFFICERS' MESS CTCRM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2022
Principal address
Commando Training Centre Royal Marines Exmouth Road Lympstone Exmouth Devon EX8 5AR
Trustees
Lt Col C D R Samuel
Independent Examiner
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP
Bankers
Barclays Bank plc Exmouth Devon
Approved by order of the board of trustees on 1 June 2022 and signed on its behalf by:
Lt Col C D R Samuel - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE OFFICERS' MESS CTCRM
Independent examiner's report to the trustees of The Officers' Mess CTCRM
I report to the charity trustees on my examination of the accounts of The Officers' Mess CTCRM (the Trust) for the year ended 31 January 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than 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 no concerns and 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.
Gavin Whitter ICAEW Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP
7 June 2022
Page 4
THE OFFICERS' MESS CTCRM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 2,953 Charitable activities 5 Mess facilities and activities 69,433 Other trading activities 3 50 Investment income 4 60 Total 72,496 EXPENDITURE ON Raising funds 6 1,509 Charitable activities 7 Mess facilities and activities 75,251 Total 76,760 NET INCOME/(EXPENDITURE) (4,264) Transfers between funds 18 (422) Net movement in funds (4,686) RECONCILIATION OF FUNDS Total funds brought forward 111,372 TOTAL FUNDS CARRIED FORWARD 106,686 |
Restricted funds £ 4,001 240 490 - 4,731 630 5,222 5,852 (1,121) 422 (699) 5,428 4,729 |
31.1.22 Total funds £ 6,954 69,673 540 60 77,227 2,139 80,473 82,612 (5,385) - (5,385) 116,800 111,415 |
31.1.21 Total funds £ 7,760 62,114 2,108 92 |
|---|---|---|---|
| 72,074 4,812 45,604 |
|||
| 50,416 | |||
| 21,658 - |
|||
| 21,658 95,142 |
|||
| 116,800 |
The notes form part of these financial statements
Page 5
THE OFFICERS' MESS CTCRM
BALANCE SHEET 31 JANUARY 2022
| Notes FIXED ASSETS Tangible assets 13 CURRENT ASSETS Stocks 14 Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
31.1.22 £ 13,868 6,088 11,481 88,148 105,717 (8,170) 97,547 111,415 111,415 106,687 4,728 111,415 |
31.1.21 £ 14,486 3,522 7,119 100,227 110,868 (8,554) 102,314 116,800 116,800 111,372 5,428 116,800 |
|---|---|---|
The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on 1 June 2022 and were signed on its behalf by:
Lt Col C D R Samuel - Trustee
The notes form part of these financial statements
Page 6
THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
Voluntary income including donations, gifts and legacies and grants that provide funding of a general nature are recognised where there is entitlement, the receipt is probable and the amount can be measured with sufficient reliability. Such income is only deferred when:
-
the donor specifies that the grant or donation must only be used in future accounting periods; or
-
the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Income from activities for generating funds, such as vending income, are recognised on a receivable basis.
Investment income is recognised on a receivable basis.
Income from charitable activities relates to mess subscriptions and events. Such income is recognised on a receivable basis.
Volunteers and donated services
The value of services provided by volunteers is not incorporated into these financial statements.
Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, this contributions is included in the financial statements at an estimate based on the value of the contribution to the charity.
Expenditure
Expenditure is recognised when a liability is incurred. Contractual arrangements are recognised as goods or services are supplied.
-
Costs of generating funds are those costs incurred in attracting voluntary income.
-
Charitable activities include expenditure associated with mess facilities and events and include both the direct costs and support costs relating to those activities.
-
Support and governance costs include central functions and have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Irrecoverable vat
All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment
- 33% on cost and 20% on cost
Individual fixed assets costing £500 or more are capitalised at cost.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Stock is valued on an average cost basis.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.1.22 | 31.1.21 | |
| £ | £ | |
| Donations | 954 | 60 |
| Grants | 6,000 | 7,700 |
| 6,954 | 7,760 | |
| Grants received, included in the above, are as follows: | ||
| 31.1.22 | 31.1.21 | |
| £ | £ | |
| RMA - The Royal Marines Charity | 6,000 | 6,200 |
| Unit Institute Fund | - | 1,500 |
| 6,000 | 7,700 |
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
| 3. OTHER TRADING ACTIVITIES Functions - food/labour Functions - hire of Mess Functions - Mess crystal Functions - linen/candles Functions - entertainment Functions - beverages 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Trading income Mess facilities and activities Mess subscriptions Mess facilities and activities Coffee/tea Mess facilities and activities Mess functions Mess facilities and activities Mess functions - food Mess facilities and activities Amenities charge income Mess facilities and activities 6. RAISING FUNDS Raising donations and legacies Functions - hire of Mess Functions - linen/candles Functions - coffee Functions - entertainment Functions - food/labour Functions - beverages |
31.1.22 £ - 350 90 50 50 - 540 31.1.22 £ 60 31.1.22 £ 31,250 34,004 26 2,337 240 1,816 69,673 31.1.22 £ - 630 1,509 - - - 2,139 |
31.1.21 £ 1,338 50 30 - - 690 2,108 31.1.21 £ 92 31.1.21 £ 19,513 38,766 24 2,601 - 1,210 |
31.1.21 £ 1,338 50 30 - - 690 2,108 31.1.21 £ 92 31.1.21 £ 19,513 38,766 24 2,601 - 1,210 |
|---|---|---|---|
| 62,114 | |||
| 31.1.21 £ 50 - 1,613 38 2,421 690 4,812 |
|||
| 4,812 |
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
7. CHARITABLE ACTIVITIES COSTS
| Grant funding of Direct activities Support Costs (see (see note costs (see note 8) 9) note 10) £ £ £ Mess facilities and activities 68,559 5,249 6,665 8. DIRECT COSTS OF CHARITABLE ACTIVITIES 31.1.22 £ Bar operating costs 27,064 Repairs and maintenance 5,560 General Mess purchases 2,072 Coffee/tea 3,144 Mess functions 8,315 Staff drinks 575 Mess functions - decorations 105 Mess functions - entertainment and decorations 2,120 Mess functions - food 8,824 Mess functions - beverages 5,755 Mess flowers 70 Mess bill write offs 4 Newspapers and magazines 2,350 TV equipment hire 1,608 Trophy hire 54 Television licence 158 PAYD write off - Subscription refunds 162 Depreciation 619 68,559 9. GRANTS PAYABLE 31.1.22 £ Mess facilities and activities 5,249 All grants were paid to individuals. |
Totals £ 80,473 |
Totals £ 80,473 |
|---|---|---|
| 31.1.21 £ 16,439 581 1,790 2,538 - 108 - 550 3,140 1,183 59 1,842 2,728 1,212 105 312 211 201 1,356 |
||
| 34,355 | ||
| 31.1.21 £ 4,176 |
||
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
10. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Mess facilities and activities | 749 | 5,916 | 6,665 |
| Support costs, included in the above, are as follows: | |||
| 31.1.22 | 31.1.21 | ||
| Mess | |||
| facilities | |||
| and | Total | ||
| activities | activities | ||
| £ | £ | ||
| Insurance | 241 | 274 | |
| Bank charges | 499 | 880 | |
| Postage and stationery | 9 | 3 | |
| Bookkeeping support | 4,716 | 4,716 | |
| Independent examiner's fees | 1,200 | 1,200 | |
| 6,665 | 7,073 |
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2022 nor for the year ended 31 January 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2022 nor for the year ended 31 January 2021.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 6,261 Charitable activities Mess facilities and activities 62,114 Other trading activities 2,078 Investment income 92 Total 70,545 EXPENDITURE ON Raising funds 3,691 Charitable activities Mess facilities and activities 45,780 Total 49,471 NET INCOME 21,074 |
Restricted funds £ 1,499 - 30 - 1,529 1,121 (176) 945 584 |
Total funds £ 7,760 62,114 2,108 92 |
|---|---|---|
| 72,074 4,812 45,604 |
||
| 50,416 | ||
| 21,658 |
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 90,298 4,844 TOTAL FUNDS CARRIED FORWARD 111,372 5,428 13. TANGIBLE FIXED ASSETS & COST At 1 February 2021 and 31 January 2022 DEPRECIATION At 1 February 2021 Charge for year At 31 January 2022 NET BOOK VALUE At 31 January 2022 At 31 January 2021 14. STOCKS 31.1.22 £ Stocks 6,088 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.22 £ Mess debtors 11,172 VAT 309 11,481 |
Total funds £ 95,142 116,800 Fixtures, fittings equipment £ 41,344 26,858 618 27,476 13,868 14,486 31.1.21 £ 3,522 31.1.21 £ 7,119 - 7,119 |
|---|---|
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxation and social security Other creditors ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds £ Fixed assets 13,868 Current assets 100,989 Current liabilities (8,170) 106,687 MOVEMENT IN FUNDS At 1.2.21 £ Unrestricted funds General fund 111,372 Summer Ball - RMYO/SCCO Regimental Dinner - Mountbatten Festival of Music - 111,372 Restricted funds Crystal Fund 120 Fabric Fund 158 Hospitality Fund 1,299 RMC Entertainments 500 Kit Sale - Mess Improvement Fund 2,952 Corporate Communications Hospitality 399 5,428 TOTAL FUNDS 116,800 |
Restricted funds £ - 4,728 - 4,728 Net movement in funds £ 591 (4,854) - - (4,263) 90 (580) 1,176 - 284 (2,005) (87) (1,122) (5,385) |
31.1.22 £ 306 - 7,864 8,170 31.1.22 Total funds £ 13,868 105,717 (8,170) 111,415 Transfers between funds £ (6,226) 4,854 200 750 (422) - 422 - - - - - 422 - |
31.1.21 £ 161 574 7,819 8,554 31.1.21 Total funds £ 14,486 110,868 (8,554) 116,800 At 31.1.22 £ 105,737 - 200 750 106,687 210 - 2,475 500 284 947 312 4,728 111,415 |
|---|---|---|---|
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
18. MOVEMENT IN FUNDS
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 72,496 | (71,905) | 591 |
| Summer Ball | - | (4,854) | (4,854) |
| 72,496 | (76,759) | (4,263) | |
| Restricted funds | |||
| Crystal Fund | 90 | - | 90 |
| Fabric Fund | 50 | (630) | (580) |
| Hospitality Fund | 1,501 | (325) | 1,176 |
| Kit Sale | 589 | (305) | 284 |
| Mess Improvement Fund | 2,501 | (4,506) | (2,005) |
| Corporate Communications Hospitality | - | (87) | (87) |
| 4,731 | (5,853) | (1,122) | |
| TOTAL FUNDS | 77,227 | (82,612) | (5,385) |
Comparatives for movement in funds
| Unrestricted funds General fund Summer Ball RMYO/SCCO Regimental Dinner Mountbatten Festival of Music COMDT Residence Restricted funds Crystal Fund Fabric Fund Hospitality Fund RMC Entertainments Mess Improvement Fund Corporate Communications Hospitality TOTAL FUNDS |
Net Transfers movement between At At 1.2.20 in funds funds 31.1.21 £ £ £ £ 90,098 22,574 (1,800) 110,872 - (550) 550 - 200 (200) - - - (750) 750 - - - 500 500 90,298 21,074 - 111,372 90 30 - 120 158 - - 158 1,448 (150) - 1,298 500 - - 500 982 1,970 - 2,952 1,666 (1,266) - 400 4,844 584 - 5,428 95,142 21,658 - 116,800 |
|---|---|
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 67,144 | (44,570) | 22,574 |
| Summer Ball | - | (550) | (550) |
| RMYO/SCCO Regimental Dinner | 2,601 | (2,801) | (200) |
| Mountbatten Festival of Music | 800 | (1,550) | (750) |
| 70,545 | (49,471) | 21,074 | |
| Restricted funds | |||
| Crystal Fund | 30 | - | 30 |
| Hospitality Fund | - | (150) | (150) |
| Mess Improvement Fund | 1,499 | 471 | 1,970 |
| Corporate Communications Hospitality | - | (1,266) | (1,266) |
| 1,529 | (945) | 584 | |
| TOTAL FUNDS | 72,074 | (50,416) | 21,658 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Summer Ball RMYO/SCCO Regimental Dinner Mountbatten Festival of Music COMDT Residence Restricted funds Crystal Fund Fabric Fund Hospitality Fund RMC Entertainments Kit Sale Mess Improvement Fund Corporate Communications Hospitality TOTAL FUNDS |
At 1.2.20 £ 90,098 - 200 - - 90,298 90 158 1,448 500 - 982 1,666 4,844 95,142 |
Net movement in funds £ 23,165 (5,404) (200) (750) - 16,811 120 (580) 1,026 - 284 (35) (1,353) (538) 16,273 |
Transfers between funds £ (8,026) 5,404 200 1,500 500 (422) - 422 - - - - - 422 - |
At 31.1.22 £ 105,237 - 200 750 500 |
|---|---|---|---|---|
| 106,687 210 - 2,474 500 284 947 313 |
||||
| 4,728 | ||||
| 111,415 |
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
18. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 139,640 | (116,475) | 23,165 |
| Summer Ball | - | (5,404) | (5,404) |
| RMYO/SCCO Regimental Dinner | 2,601 | (2,801) | (200) |
| Mountbatten Festival of Music | 800 | (1,550) | (750) |
| 143,041 | (126,230) | 16,811 | |
| Restricted funds | |||
| Crystal Fund | 120 | - | 120 |
| Fabric Fund | 50 | (630) | (580) |
| Hospitality Fund | 1,501 | (475) | 1,026 |
| Kit Sale | 589 | (305) | 284 |
| Mess Improvement Fund | 4,000 | (4,035) | (35) |
| Corporate Communications Hospitality | - | (1,353) | (1,353) |
| 6,260 | (6,798) | (538) | |
| TOTAL FUNDS | 149,301 | (133,028) | 16,273 |
| Crystal Fund |
For the procurement and replacement of crystal glass.
Fabric Fund
For the procurement and replacement of mess furniture.
Hospitality Fund
The Hospitality Fund is held to provide catering and entertaining facilities and is funded from external and internal grants.
RMC Entertainments Fund
The RMC Entertainments Fund represents the funds received from RMA - The Royal Marines Charity for entertaining visitors to CTCRM in the Mess.
Mess Improvement Fund
The charity has received grant funding from RMA - The Royal Marines Charity and others for the improvement of mess facilities.
Corporate Communications Hospitality
The charity has received grant funding from RMA - The Royal Marines Charity for marketing visits to encourage new users to CTCRM.
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
19. RELATED PARTY DISCLOSURES
Ministry of Defence
The charity works closely with the Ministry of Defence (MOD). Some of the charity's personnel are employed by the MOD and the charity operates from MOD premises for which no charge is incurred. The amount of time spent by MOD personnel or the amount of MOD premises space utilised by the charity is not discrete from other MOD responsibilities. Therefore no value has been recognised as donated services within these financial statements for the use of MOD personnel and premises.
20. ULTIMATE CONTROLLING PARTY
The charity is under the control of the trustee.
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