REGISTERED CHARITY NUMBER: 1130224
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
FOR
SERGEANTS' MESS CTCRM
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP
SERGEANTS' 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 | 16 |
SERGEANTS' 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 SNCOs Mess, 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 these 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 subscriptions, 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 spent.
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
SERGEANTS' MESS CTCRM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2022
FINANCIAL REVIEW
Financial position
There has been a steady income and expenditure flow within the accounting period. Income and expenditure increased in 2022 as Covid-19 restrictions eased, allowing for some events to happen. The fund continues to operate as a going concern with sufficient 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 despite the challenges created by the pandemic and considers that expenditure has been within the charter of the fund.
Investment policy and objectives
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.
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. General reserves are normally only maintained at a level which is sufficient to meet the running costs of the Charity and to make grants in accordance with the Charity's objectives on a regular basis.
The Trustee considers that the level of free reserves to be maintained is £20,000 for working capital requirement and contingency for unexpected costs ie repairs.
At 31 January 2022 the charity has free reserves of £49,019. This has been calculated as follows:
| £ | |
|---|---|
| Unrestricted funds per balance sheet | 80,553 |
| Less designated funds for scheduled events and known financial obligations | (30,854) |
| Less functional tangible fixed assets | (680) |
| TOTAL | 49,019 |
This shows that the charity had free reserves in excess of its policy of £29,019 at 31 January 2022. The Trustee is considering ways to effectively bring the level of free reserves back in line with the stated policy.
FUTURE PLANS
The charitable objectives for the forthcoming year are to:
-
Provide the appropriate amenity facilities for the members of the Sergeants Mess.
-
Make appropriate grants and to maintain and enhance the performance of the personnel within the organisation.
-
Carry out refurbishment and improvement to the Mess for the betterment of its members and guests.
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.
Decision making
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.
Page 2
SERGEANTS' MESS CTCRM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT 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.
Risk management
The management have considered the major risks to which the charity is exposed. These risks have been reviewed and the management have established systems and procedures to manage them. The Trustee considers by reviewing the accounts monthly, the management are able to manage and review the income over expenditure.
The Trustee's view is that a good level of reserves and the low administrative costs of the charity mean that its exposure to risk is very limited. The Trustee, as a matter of principle, does not accept any obligations on behalf of the Charity without having the funds immediately available to meet those obligations.
The internal checks and controls governed by Service regulations ensure that regular and random checks are applied to the Charity to safeguard its assets and grant making policy.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1130224
Principal address
Commando Training Centre Royal Marines 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 SERGEANTS' MESS CTCRM
Independent examiner's report to the trustees of Sergeants' Mess CTCRM
I report to the charity trustees on my examination of the accounts of Sergeants' 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
SERGEANTS' MESS CTCRM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2022
| Unrestricted Restricted funds funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 2,971 2,254 Charitable activities 4 Mess facilities and activities 78,301 - Investment income 3 13 - Total 81,285 2,254 EXPENDITURE ON Charitable activities 5 Mess facilities and activities 75,447 2,135 NET INCOME 5,838 119 Transfers between funds 16 (1,850) 1,850 Net movement in funds 3,988 1,969 RECONCILIATION OF FUNDS Total funds brought forward 76,565 1,741 TOTAL FUNDS CARRIED FORWARD 80,553 3,710 |
31.1.22 31.1.21 Total Total funds funds £ £ 5,225 450 78,301 68,880 13 51 83,539 69,381 77,582 62,444 5,957 6,937 - - 5,957 6,937 78,306 71,369 84,263 78,306 |
31.1.22 31.1.21 Total Total funds funds £ £ 5,225 450 78,301 68,880 13 51 83,539 69,381 77,582 62,444 5,957 6,937 - - 5,957 6,937 78,306 71,369 84,263 78,306 |
|---|---|---|
| 69,381 62,444 |
||
| 6,937 - |
||
| 6,937 71,369 |
||
| 78,306 |
The notes form part of these financial statements
Page 5
SERGEANTS' MESS CTCRM
BALANCE SHEET 31 JANUARY 2022
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Stocks 12 Debtors 13 Cash at bank and in hand CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds Restricted funds TOTAL FUNDS |
31.1.22 £ 680 7,643 1,436 91,798 100,877 (17,294) 83,583 84,263 84,263 80,553 3,710 84,263 |
31.1.21 £ 2,354 5,455 1,621 81,415 88,491 (12,539) 75,952 78,306 78,306 76,565 1,741 78,306 |
|---|---|---|
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
SERGEANTS' 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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SERGEANTS' 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 and equipment
- 33% on cost
Individual fixed assets costing £500 or more are capitalised at cost.
Fixed asset investments
Investments are stated at market value inclusive of accrued income as at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between the market value at the end of the year and opening market value or purchase date if later. Realised and unrealised gains are not separated in the Statement of Financial Activities.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.1.22 | 31.1.21 | |
| £ | £ | |
| Grants and donations | 326 | - |
| Grants | 4,899 | 450 |
| 5,225 | 450 | |
| Grants received, included in the above, are as follows: | ||
| 31.1.22 | 31.1.21 | |
| £ | £ | |
| RMA - The Royal Marines Charity | 4,899 | 450 |
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SERGEANTS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
| 3. INVESTMENT INCOME 31.1.22 £ Bank interest received 13 4. INCOME FROM CHARITABLE ACTIVITIES 31.1.22 Activity £ Trading income Mess facilities and activities 27,100 Amenity charges Mess facilities and activities 1,620 Mess subscriptions Mess facilities and activities 49,098 Function ticket income Mess facilities and activities 483 78,301 5. CHARITABLE ACTIVITIES COSTS Grant funding of Direct activities Support Costs (see (see note costs (see note 6) 7) note 8) £ £ £ Mess facilities and activities 74,074 1,860 1,648 6. DIRECT COSTS OF CHARITABLE ACTIVITIES 31.1.22 £ Presentation costs 4,437 Corps birthday 4,735 Trading operating costs 27,202 Tea, coffee and fruit 15,084 Renovations/repairs 2,203 Function drinks 2,245 Function equipment hire and miscellaneous costs 5,761 Meat draw costs - Flowers for sick visitors 243 Sky TV 4,215 TV licence 158 Newspapers 1,115 Mess guests 1,145 Mess ents/misc costs 3,857 Games night - Depreciation 679 Loss on sale of assets 995 74,074 |
31.1.21 £ 51 31.1.21 £ 15,144 735 53,001 - |
|---|---|
| 68,880 | |
| Totals £ 77,582 |
|
| 31.1.21 £ 1,973 5,624 14,993 7,823 9,343 - 10,383 98 98 2,865 155 780 - 3,313 100 1,488 - |
|
| 59,036 |
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SERGEANTS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
7. GRANTS PAYABLE
| GRANTS PAYABLE | |||
|---|---|---|---|
| 31.1.22 | 31.1.21 | ||
| £ | £ | ||
| Mess facilities and activities | 1,860 | 1,598 | |
| All grants were paid to individuals. | |||
| SUPPORT COSTS | |||
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Mess facilities and activities | 448 | 1,200 | 1,648 |
| Support costs, included in the above, are as follows: | |||
| 31.1.22 | 31.1.21 | ||
| Mess | |||
| facilities | |||
| and | Total | ||
| activities | activities | ||
| £ | £ | ||
| Insurance | 321 | 359 | |
| Bank charges | 127 | 251 | |
| Independent examination fees | 1,200 | 1,200 | |
| 1,648 | 1,810 |
8. SUPPORT COSTS
9. 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.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - 450 Charitable activities Mess facilities and activities 68,880 - Investment income 51 - Total 68,931 450 EXPENDITURE ON Charitable activities Mess facilities and activities 62,095 349 NET INCOME 6,836 101 |
Total funds £ 450 68,880 51 |
|---|---|
| 69,381 62,444 |
|
| 6,937 |
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SERGEANTS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
| 10. | 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 | ||
| £ | £ | £ | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 69,729 | 1,640 | 71,369 | |
| TOTAL FUNDS CARRIED FORWARD | 76,565 | 1,741 | 78,306 | |
| 11. | TANGIBLE FIXED ASSETS | |||
| Fixtures, | ||||
| fittings | ||||
| and | ||||
| equipment | ||||
| £ | ||||
| COST | ||||
| At 1 February 2021 | 20,624 | |||
| Disposals | (995) | |||
| At 31 January 2022 | 19,629 | |||
| DEPRECIATION | ||||
| At 1 February 2021 | 18,270 | |||
| Charge for year | 679 | |||
| At 31 January 2022 | 18,949 | |||
| NET BOOK VALUE | ||||
| At 31 January 2022 | 680 | |||
| At 31 January 2021 | 2,354 | |||
| 12. | STOCKS | |||
| 31.1.22 | 31.1.21 | |||
| £ | £ | |||
| Stocks | 7,643 | 5,455 | ||
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.1.22 | 31.1.21 | |||
| £ | £ | |||
| Trade debtors | 210 | 1,403 | ||
| VAT | 596 | 218 | ||
| Prepayments | 630 | - | ||
| 1,436 | 1,621 |
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SERGEANTS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds £ Fixed assets 680 Current assets 97,167 Current liabilities (17,294) 80,553 16. MOVEMENT IN FUNDS At 1.2.21 £ Unrestricted funds General fund 53,652 Special Entertainment Fund 4,744 Bookkeeping support 18,000 Christmas Function 169 76,565 Restricted funds Meat draw 332 Refurbishment Fund 753 Charity Fund 50 SCC Hosting 450 RMC Entertainments Fund 156 1,741 TOTAL FUNDS 78,306 |
Restricted funds £ - 3,710 - 3,710 Net movement in funds £ 16,228 (3,628) - (6,762) 5,838 - 519 (400) - - 119 5,957 |
31.1.22 £ 17,294 31.1.22 Total funds £ 680 100,877 (17,294) 84,263 Transfers between funds £ (20,181) 4,500 - 13,831 (1,850) - 1,450 400 - - 1,850 - |
31.1.21 £ 12,539 31.1.21 Total funds £ 2,354 88,491 (12,539) 78,306 At 31.1.22 £ 49,699 5,616 18,000 7,238 80,553 332 2,722 50 450 156 3,710 84,263 |
|
|---|---|---|---|---|
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SERGEANTS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
16. 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 | 80,901 | (64,673) | 16,228 |
| Special Entertainment Fund | - | (3,628) | (3,628) |
| Christmas Function | 384 | (7,146) | (6,762) |
| 81,285 | (75,447) | 5,838 | |
| Restricted funds | |||
| Refurbishment Fund | 2,254 | (1,735) | 519 |
| Charity Fund | - | (400) | (400) |
| 2,254 | (2,135) | 119 | |
| TOTAL FUNDS | 83,539 | (77,582) | 5,957 |
Comparatives for movement in funds
| Unrestricted funds General fund Special Entertainment Fund Bookkeeping support Christmas Function Restricted funds Meat draw Refurbishment Fund Charity Fund SCC Hosting RMC Entertainments Fund TOTAL FUNDS |
Net Transfers movement between At 1.2.20 in funds funds £ £ £ 46,849 22,289 (15,487) 5,193 (5,624) 5,175 12,000 - 6,000 5,687 (9,829) 4,312 69,729 6,836 - 332 - - 753 - - 399 (349) - - 450 - 156 - - 1,640 101 - 71,369 6,937 - |
At 31.1.21 £ 53,651 4,744 18,000 170 |
|---|---|---|
| 76,565 332 753 50 450 156 |
||
| 1,741 | ||
| 78,306 |
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SERGEANTS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
16. 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 | 68,931 | (46,642) | 22,289 |
| Special Entertainment Fund | - | (5,624) | (5,624) |
| Christmas Function | - | (9,829) | (9,829) |
| 68,931 | (62,095) | 6,836 | |
| Restricted funds | |||
| Charity Fund | - | (349) | (349) |
| SCC Hosting | 450 | - | 450 |
| 450 | (349) | 101 | |
| TOTAL FUNDS | 69,381 | (62,444) | 6,937 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Special Entertainment Fund Bookkeeping support Christmas Function Restricted funds Meat draw Refurbishment Fund Charity Fund SCC Hosting RMC Entertainments Fund TOTAL FUNDS |
Net Transfers movement between At 1.2.20 in funds funds £ £ £ 46,849 38,517 (35,668) 5,193 (9,252) 9,675 12,000 - 6,000 5,687 (16,591) 18,143 69,729 12,674 (1,850) 332 - - 753 519 1,450 399 (749) 400 - 450 - 156 - - 1,640 220 1,850 71,369 12,894 - |
At 31.1.22 £ 49,698 5,616 18,000 7,239 |
|---|---|---|
| 80,553 332 2,722 50 450 156 |
||
| 3,710 | ||
| 84,263 |
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SERGEANTS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
16. 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 | 149,832 | (111,315) | 38,517 |
| Special Entertainment Fund | - | (9,252) | (9,252) |
| Christmas Function | 384 | (16,975) | (16,591) |
| 150,216 | (137,542) | 12,674 | |
| Restricted funds | |||
| Refurbishment Fund | 2,254 | (1,735) | 519 |
| Charity Fund | - | (749) | (749) |
| SCC Hosting | 450 | - | 450 |
| 2,704 | (2,484) | 220 | |
| TOTAL FUNDS | 152,920 | (140,026) | 12,894 |
Meat draw
The meat draw is an internal raffle for mess membership and the money taken is used to purchase the raffle prizes. All surplus is used at the end of term raffle.
Refurbishment Fund
The Refurbishment Fund is for the ongoing projects to provide resources to upgrade the Mess as and when required. Money is allocated from the Mess funds and from external grants and only spent on the approved projects.
Charity Fund
The Mess Charity Fund is money raised from mess events and given to the nominated charity of the Mess.
SCC Hosting Fund
The SCC (Senior Command Course) Hosting Fund facilitates an end of course regimental dinner for successful course candidates.
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.
Silver and Property Fund
The Silver and Property Fund generates income from fees charged for events to provide funds for purchasing and replacing silver, crystal or furniture.
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SERGEANTS' MESS CTCRM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2022
17. 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.
18. ULTIMATE CONTROLLING PARTY
The charity is under the control of the trustee.
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