REGISTERED CHARITY NUMBER: 1130218
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
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 2023
| 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 | 16 |
THE OFFICERS' MESS CTCRM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
The trustees present their report with the financial statements of the charity for the year ended 31 January 2023. 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).
The Officers' Mess Fund of Commando Training Centre Royal Marines was created to provide amenities, entertainment, and facilities for the officers within the unit that is not otherwise provided for by the public purse and to promote military efficiency and well-being. The Commanding Officer of Commando Training Centre RM is the sole Managing Trustee in line with current service regulations. The Trustee is selected by appointment from within the Royal Marines and will generally change at regular intervals. 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 Kings Regulations.
The Trustee has delegated the day to day running of the account to nominated representatives (The Supervising Officer & Treasurer) from within the unit organisation. Committee (Officers' Mess) 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 Fund. However, all decisions are recorded and approved by the Trustee as laid down within the Charter.
The management have considered the major risks to which the Fund is exposed. These risks are continually reviewed, and the management have established systems and procedures to manage them. The Trustee considers, by reviewing the accounts monthly, the management can manage and review the income over expenditure.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The fund exists for the collective benefit of all the officers in Commando Training Centre Royal Marines and the main objective is to provide the appropriate facilities to enhance the military and individual skills of all its 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 members to perform their roles more effectively 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 Fund is derived from voluntary subscriptions, various grants, and occasional donations. This income is enough 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 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 accounts, 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 spent.
The activities of the Fund, in the form of social events, are accounted for by means of Designated and where necessary via Restricted Funds. The management find that by using these funds to analyse the income and expenditure, it can control the various projects within the Fund more easily and enable current and future charitable objects.
Page 1
THE OFFICERS' MESS CTCRM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
OBJECTIVES AND ACTIVITIES
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 (Officers' Mess) 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.
The Fund Charter is reviewed regularly to ensure that the aims and objectives continue to be achieved and management are within the bounds of the regulations laid down.
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 financial position of the Fund now it does not have enough funds to invest.
Overview
The turnover of the account is enough to support the members and activity is good, there has been a steady income and expenditure flow within the accounting period and the Fund is operating as a going concern with enough funds available for the day to day and future activities.
The Trustee is generally satisfied with the performance of the Fund over the last accounting period and considers that expenditure has been within the Charter of the Fund.
Reserves policy
The Trustee's policy is to maintain enough level of reserves to provide a stable base for the Fund'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 £50,000. At the balance sheet date the Charity had free reserves (total unrestricted funds less functional fixed assets held within the unrestricted funds) of £82,663. 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 facilities for the officers of the unit.
-
Make appropriate grants and to maintain and enhance the performance of the officers within the unit where appropriate.
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.
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THE OFFICERS' MESS CTCRM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
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 Kings Regulations.
Risk management
The Trustee's view is that a good level of reserves and the low administrative costs of the Fund mean that its exposure to risk is limited. The Trustee, as a matter of principle, does not accept any obligations on behalf of the Fund without having the funds immediately available to meet those obligations.
The internal checks and controls governed by Service regulations and the Independent Examination and audit ensure that regular and random checks are applied to the Fund to safeguard its assets and grant making policy. Any recommendations highlighted during the CSFA Independent Examination, to improve objectives or governance, is implemented for the benefit of management and the personnel within the unit.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1130218
Principal address
Commando Training Centre Royal Marines Exmouth Road Lympstone Exmouth Devon EX8 5AR
Trustees
Lt Col C M I Hall MBE RM
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 4 August 2023 and signed on its behalf by:
Lt Col C M I Hall MBE RM - 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 2023.
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
-
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
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP
15 August 2023
Page 4
THE OFFICERS' MESS CTCRM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 13,781 Charitable activities 5 Mess facilities and activities 114,776 Other trading activities 3 7,653 Investment income 4 115 Total 136,325 EXPENDITURE ON Raising funds 6 10,333 Charitable activities 7 Mess facilities and activities 136,517 Total 146,850 NET INCOME/(EXPENDITURE) (10,525) RECONCILIATION OF FUNDS Total funds brought forward 106,687 TOTAL FUNDS CARRIED FORWARD 96,162 |
Restricted funds £ - - 1,120 - 1,120 8 1,376 1,384 (264) 4,728 4,464 |
31.1.23 Total funds £ 13,781 114,776 8,773 115 137,445 10,341 137,893 148,234 (10,789) 111,415 100,626 |
31.1.22 Total funds £ 6,954 69,673 540 60 77,227 2,139 80,473 82,612 (5,385) 116,800 111,415 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
THE OFFICERS' MESS CTCRM
BALANCE SHEET 31 JANUARY 2023
| 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 |
31.1.23 £ 13,499 7,386 15,230 74,266 96,882 (9,755) 87,127 100,626 100,626 96,162 4,464 100,626 |
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 |
|---|---|---|
The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on 4 August 2023 and were signed on its behalf by:
Lt Col C M I Hall MBE RM - 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 2023
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 2023
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 | ||
|---|---|---|
| 31.1.23 | 31.1.22 | |
| £ | £ | |
| Donations | 2,207 | 954 |
| Grants | 11,574 | 6,000 |
| 13,781 | 6,954 | |
| Grants received, included in the above, are as follows: | ||
| 31.1.23 | 31.1.22 | |
| £ | £ | |
| RMA - The Royal Marines Charity | 11,574 | 6,000 |
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
| 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 - linen/candles Functions - coffee Functions - entertainment Functions - food/labour Functions - beverages |
31.1.23 £ 6,207 - 300 820 587 859 8,773 31.1.23 £ 115 31.1.23 £ 41,051 46,513 160 23,490 - 3,562 114,776 31.1.23 £ 290 1,734 587 6,807 923 10,341 |
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 |
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
7. CHARITABLE ACTIVITIES COSTS
| Direct Costs (see note 8) £ Mess facilities and activities 116,290 8. DIRECT COSTS OF CHARITABLE ACTIVITIES Bar operating costs Repairs and maintenance General Mess purchases Coffee/tea Mess functions Staff drinks Mess functions - decorations Mess functions - entertainment and decorations Mess functions - food Mess functions - beverages Mess flowers Mess bill write offs Newspapers and magazines TV equipment hire Trophy hire Television licence Subscription refunds Depreciation 9. GRANTS PAYABLE Mess facilities and activities All grants were paid to individuals. |
Grant funding of activities (see note 9) £ 14,606 |
Support costs (see note 10) £ 6,997 31.1.23 £ 36,870 3,199 3,308 4,639 8,895 - 1,804 4,887 35,845 12,078 192 10 2,649 56 210 159 1,120 369 116,290 31.1.23 £ 14,606 |
Totals £ 137,893 |
Totals £ 137,893 |
|---|---|---|---|---|
| 31.1.22 £ 27,064 5,560 2,072 3,144 8,315 575 105 2,120 8,824 5,755 70 4 2,350 1,608 54 158 162 619 |
||||
| 68,559 | ||||
| 31.1.22 £ 5,249 |
||||
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
10. SUPPORT COSTS
| Governance | |||
|---|---|---|---|
| Management | costs | Totals | |
| £ | £ | £ | |
| Mess facilities and activities | 1,006 | 5,991 | 6,997 |
| Support costs, included in the above, are as follows: | |||
| 31.1.23 | 31.1.22 | ||
| Mess | |||
| facilities | |||
| and | Total | ||
| activities | activities | ||
| £ | £ | ||
| Insurance | 241 | 241 | |
| Bank charges | 763 | 499 | |
| Postage and stationery | 2 | 9 | |
| Bookkeeping support | 4,716 | 4,716 | |
| Independent examiner's fees | 1,275 | 1,200 | |
| 6,997 | 6,665 |
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,953 Charitable activities Mess facilities and activities 69,433 Other trading activities 50 Investment income 60 Total 72,496 EXPENDITURE ON Raising funds 1,509 Charitable activities Mess facilities and activities 75,251 Total 76,760 NET INCOME/(EXPENDITURE) (4,264) Transfers between funds (422) |
Restricted funds £ 4,001 240 490 - 4,731 630 5,222 5,852 (1,121) 422 |
Total funds £ 6,954 69,673 540 60 77,227 2,139 80,473 82,612 (5,385) - |
|---|---|---|
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| Net movement in funds | (4,686) | (699) | (5,385) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 111,372 | 5,428 | 116,800 | |
| TOTAL FUNDS CARRIED FORWARD | 106,686 | 4,729 | 111,415 | |
| 13. | TANGIBLE FIXED ASSETS | |||
| Fixtures, | ||||
| fittings | ||||
| & equipment | ||||
| £ | ||||
| COST | ||||
| At 1 February 2022 and 31 January 2023 | 41,344 | |||
| DEPRECIATION | ||||
| At 1 February 2022 | 27,476 | |||
| Charge for year | 369 | |||
| At 31 January 2023 | 27,845 | |||
| NET BOOK VALUE | ||||
| At 31 January 2023 | 13,499 | |||
| At 31 January 2022 | 13,868 | |||
| Included in tangible fixed assets are assets totalling £13,499 (2022: | £13,499) which are not | |||
| depreciated. | ||||
| 14. | STOCKS | |||
| 31.1.23 | 31.1.22 | |||
| £ | £ | |||
| Stocks | 7,386 | 6,088 | ||
| 15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.1.23 | 31.1.22 | |||
| £ | £ | |||
| Mess debtors | 13,823 | 11,172 | ||
| VAT | 1,407 | 309 | ||
| 15,230 | 11,481 |
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds £ Fixed assets 13,499 Current assets 92,418 Current liabilities (9,755) 96,162 18. MOVEMENT IN FUNDS At 1.2.22 £ Unrestricted funds General fund 105,737 Summer Ball - RMYO/SCCO Regimental Dinner 200 Mountbatten Festival of Music 750 Mess Improvements - 106,687 Restricted funds Crystal Fund 210 Hospitality Fund 2,475 RMC Entertainments 500 Kit Sale 284 Zeebrugge House 947 Corporate Communications Hospitality 312 4,728 TOTAL FUNDS 111,415 |
Restricted funds £ - 4,464 - 4,464 Net movement in funds £ 7,011 (5,754) (1,658) (4,886) (5,238) (10,525) 231 (1,200) - 812 (107) - (264) (10,789) |
31.1.23 £ - 9,755 9,755 31.1.23 Total funds £ 13,499 96,882 (9,755) 100,626 Transfers between funds £ (16,586) 5,754 1,458 4,136 5,238 - - - - - - - - - |
31.1.22 £ 306 7,864 8,170 31.1.22 Total funds £ 13,868 105,717 (8,170) 111,415 At 31.1.23 £ 96,162 - - - - 96,162 441 1,275 500 1,096 840 312 4,464 100,626 |
|---|---|---|---|
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Summer Ball RMYO/SCCO Regimental Dinner Mountbatten Festival of Music Mess Improvements Restricted funds Crystal Fund Hospitality Fund Kit Sale Zeebrugge House TOTAL FUNDS |
Incoming resources £ 122,993 9,024 1,774 2,534 - 136,325 300 - 820 - 1,120 137,445 |
Resources Movement expended in funds £ £ (115,982) 7,011 (14,778) (5,754) (3,432) (1,658) (7,420) (4,886) (5,238) (5,238) (146,850) (10,525) (69) 231 (1,200) (1,200) (8) 812 (107) (107) (1,384) (264) (148,234) (10,789) |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund Summer Ball RMYO/SCCO Regimental Dinner Mountbatten Festival of Music Restricted funds Crystal Fund Fabric Fund Hospitality Fund RMC Entertainments Kit Sale Zeebrugge House Corporate Communications Hospitality TOTAL FUNDS |
At 1.2.21 £ 111,372 - - - 111,372 120 158 1,299 500 - 2,952 399 5,428 116,800 |
Net movement in funds £ 591 (4,854) - - (4,263) 90 (580) 1,176 - 284 (2,005) (87) (1,122) (5,385) |
Transfers between funds £ (6,226) 4,854 200 750 (422) - 422 - - - - - 422 - |
At 31.1.22 £ 105,737 - 200 750 |
|---|---|---|---|---|
| 106,687 210 - 2,475 500 284 947 312 |
||||
| 4,728 | ||||
| 111,415 |
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
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 | 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 |
| Zeebrugge House | 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) |
| 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.
Zeebrugge House Fund
The Zeebrugge House fund is renovation monies for the Comdt's residence. This is a house based in Exeter specifically for the Comdt to live in with his family should he choose to. The reason it has funding is because the Comdt hosts VIP guests there regularly and also provides accommodation for them within the house. Therefore, funding was set up to renovate the guest areas. As a restricted fund this is not classed as Mess money.
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THE OFFICERS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
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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