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2021-03-31-accounts

WARDROOM MESS

HMS COLLINGWOOD

ANNUAL REPORT AND FINANCIAL STATEMENTS

For Period

1 April 2020 to 31 March 2021

Registered Charity No. 1130657

Trustees’ Annual Report and Comments

Wardroom Mess HMS COLLINGWOOD
Charity Registered No: 1130657
Covering the Accounting Year: 1 April 2020 to 31 March 2021
Address: HMS COLLINGWOOD
Newgate Lane
Fareham PO14 1AS
Governing Document: Constitution (Mess Rules)
Objectives: Promotion of the Military Efficiency and Operational
Effectiveness of the Armed Forces by the provision of mess
facilities to Commissioned Officers serving in
Her Majesty’s Ship COLLINGWOOD.
Trustee Captain C Jordan Royal Navy
Trustee selection method: Appointed as such by the Naval Secretary.
Bankers Lloyds TSB
Fareham
Bank of Scotland
Edinburgh
Independent Examiner: Marianne ButcherFMAAT
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 mess would normally put on a full social programme for
its members with generous subsidies to functions from the
profits made from the bar and other taxable activities.
However, the Covid 19 restrictions meant that this was not
possible.
Financial Review: The value of the main fund increased by nearly £20.4K in the
year. This was due to unused trading profits and the increase
in the market value of investments. Overall, the main fund
was worth £132K including property valued at £28.1K. The
Officers Association Fund, which is a restricted fund within
the Wardroom Fund, was worth £7.K.

Investment Selection Policy. The investments aim to achieve income rather than growth. The risk profile is an even split between shares and securities. Financial Reserves Policy: The Trustee has considered the level of reserves that is required, appropriate to the charity’s needs. This is the £69.3K held in BlackRock Charities Investment Funds. 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. Grant Policy: Grants may be made to mess members to assist with the personal contributions to sporting, adventurous training or other activities. 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 maintaining the free reserves stated it would provide sufficient resources in the event of adverse conditions. Quarterly independent examination of the accounts will mitigate the risk of any mismanagement by the mess 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 mess 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 the Royal Navy’s and Royal Marines’ capability to undertake the roles demanded of it 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.

Signature Signed on Original Name Captain C Jordan Royal Navy. Appointment Commanding Officer and sole Managing Trustee Date 24 May 2021

Independent Examiner’s Report to the Trustee of the Wardroom Mess HMS Collingwood.

I report on the accounts of the Charity for the year ended 31 March 2021 which are set out in pages 1 to 7 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:

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:

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

M L Butcher FMAAT 5 Nursery Road Havant Hants PO9 3BG

24 May 2021

HMS COLLINGWOOD WARDROOM MESS

Charity Registration Number 1130657

BALANCE SHEET

31-Mar-21

31-Mar-20

ASSETS
Note
Fixed Assets
Mess Property
7
Investments
2
Total Fixed Assets
Current Assets
Stocks at cost
Bar & Shop
Laid down Port
Debtors and prepayments
8
Mess bills
Cash
Bank Accounts
Charities Deposit Account
Total Current Assets
LIABILITIES
Current Liabilities
Trade Creditors
9
Crown Creditor
Other Creditors
9A
VAT
Central Bank for Autonomous Funds
WOSR Emergency Fund
CNEO Dinner Fund
RAESS Fund
N&D Officers Association
Mountbatten Society
Total Current Liabilities
Net Current Assets
Net Assets
UNRESTRICTED
FUNDS
28,156.00
£
69,379.33
£
97,535.33
£
12,162.52
£
9,086.10
£
1,192.00
£
11,575.85
£
950.00
£
14,250.39
£
4,123.84
£
53,340.70
£
7,983.88
£
1,811.91
£
1,523.88
£
481.86
£
-
£
1,966.50
£
647.93
£
3,833.39
£
906.29
£
19,155.64
£
34,185.06
£
131,720.39
£
RESTRICTED
FUNDS
Page 7
7,029.07
£
7,029.07
£
7,029.07
£
7,029.07
£
TOTAL
FUNDS
28,156.00
£
69,379.33
£
97,535.33
£
12,162.52
£
9,086.10
£
1,192.00
£
11,575.85
£
950.00
£
21,279.46
£
4,123.84
£
60,369.77
£
7,983.88
£
1,811.91
£
1,523.88
£
481.86
£
-
£
1,966.50
£
647.93
£
3,833.39
£
906.29
£
19,155.64
£
41,214.13
£
138,749.46
£
36,756.00
£
60,817.99
£
97,573.99
£
13,457.09
£
9,086.10
£
2,805.00
£
25,537.48
£
3,314.40
£
38,156.57
£
4,117.74
£
96,474.38
£
63,883.22
£
1,887.76
£
842.91
£
(1,327.50)
£
15.50
£
4,301.50
£
647.93
£
4,538.39
£
906.29
£
75,696.00
£
20,778.38
£
118,352.37
£

Approved on 24 May 2021

Signed on Original

Captain C Jordan Royal Navy Sole Managing Trustee

1

CWRMar21BSZ.xlsBALANCE SHEET

HMS COLLINGWOOD WARDROOM MESS FUND

STATEMENT OF FINANCIAL ACTIVITIES

For year ended 31 Mar 21

Note

Income from:
Donations & Grants
Charitable Activites
Other Trading Activities
Investment
Other Income
Total Income
3
Expenditure on
Raising Funds
Charitable Activities
Total Expenditure
4
Net gain or loss
plus unrealised gain on investments
less unrealised loss on investments
Net movement in funds
Total Funds brought forward
Total Funds carried forward
89,151.39
£
1,516.27
£
2,330.27
£
1,405.00
£
94,402.93
£
-
£
82,580.69
£
82,580.69
£
11,822.24
£
8,561.34
£
20,383.58
£
111,336.81
£
131,720.39
£
Restricted Fund
1,651.32
£
1,651.32
£
1,637.81
£
1,637.81
£
13.51
£
13.51
£
7,015.56
£
7,029.07
£
2020/21
Total
90,802.71
£
1,516.27
£
2,330.27
£
1,405.00
£
96,054.25
£
-
£
84,218.50
£
84,218.50
£
11,835.75
£
8,561.34
£
20,397.09
£
118,352.37
£
138,749.46
£
2019/20
301,162.84
£
20,692.99
£
1,993.16
£
3,020.00
£
326,868.99
£
8,382.87
£
331,262.75
£
339,645.62
£
(12,776.63)
£
(7,756.29)
£
(20,532.92)
£
138,885.29
£
118,352.37
£

2

CWRMar21BSZ.xlsSOFA SUM

HMS COLLINGWOOD WARDROOM MESS FUND

Notes to the Accounts dated 31 March 2021

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 (FRS 102) Effective 1 January 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 mess becomes entitled to the donation or grant and it is reasonably certain that it will be received.

Expenditure and liabilities

a. Liabilities are recognised as soon as there is a legal or constructive obligation committing the Mess to the expenditure.

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 Mess does not have a policy of revaluation.

b. Depreciation is six monthly, straight line and over the estimated life of the item. It is not practical to apportion depreciation to any particular activity and therefore depreciation is shown as a single item under support costs.

c. Investments on a recognised stock exchange are valued at market value at the date of the Balance Sheet or the last valuation provided by the Investment Managers.

d. Stocks are valued at the lower of cost or market value.

Note 2 - Investments - Black Rock

BlackRock Charities UK Bond Fund
Market Value at 31 Mar 20
Loss on Revaluation
Market Value at 31 Mar 21
BlackRock Charities UK Equity Fund
Market Value at 31 Mar 20
Gain on Revaluation
Market Value at 31 Mar 21
27,008.06
£
(707.02)
£
26,301.04
£
33,809.93
£
9,268.36
£
43,078.29
£

3

HMS COLLINGWOOD WARDROOM MESS FUND

Notes to the Accounts dated 31 March 2021

Note 3 - Income

Charitable Activities
Mess Subs
Associate Members Subs
Short Stay Civilians Subs
Function Income
Function Consumables
Bar Sales
Laid Down Port Sales
Dry Cleaning
Other Trading Activities
Private Functions
Private Function Surplus
Facilty and Admin charges
Miscellaneous Income
Sale of Crystal
Investment Income
Bank Interest
Investment Dividends
Other Income
OAs subsidy contribution
Total Income
61,605.75
£
86,942.30
£
3,498.00
£
8,928.00
£
1,306.58
£
3,932.67
£
2,254.00
£
98,428.42
£
44.16
£
3,070.94
£
20,319.20
£
92,327.53
£
-
£
320.15
£
123.70
£
987.18
£
89,151.39
£
294,937.19
£
-
£
8,105.27
£
168.11
£
11,605.77
£
-
£
237.79
£
1,120.83
£
-
£
227.33
£
744.16
£
1,516.27
£
20,692.99
£
6.10
£
95.76
£
2,324.17
£
1,897.40
£
£2,330.27
1,993.16
£
1,405.00
£
3,020.00
£
94,402.93
£
320,643.34
£
2019/20
2020/21
61,605.75
£
86,942.30
£
3,498.00
£
8,928.00
£
1,306.58
£
3,932.67
£
2,254.00
£
98,428.42
£
44.16
£
3,070.94
£
20,319.20
£
92,327.53
£
-
£
320.15
£
123.70
£
987.18
£
89,151.39
£
294,937.19
£
-
£
8,105.27
£
168.11
£
11,605.77
£
-
£
237.79
£
1,120.83
£
-
£
227.33
£
744.16
£
1,516.27
£
20,692.99
£
6.10
£
95.76
£
2,324.17
£
1,897.40
£
£2,330.27
1,993.16
£
1,405.00
£
3,020.00
£
94,402.93
£
320,643.34
£
2019/20
2020/21
320,643.34
£

4

HMS COLLINGWOOD WARDROOM MESS FUND

Notes to the Accounts dated 31 March 2021

Note 4 - Expenditure

Note 4 - Expenditure
2020/21 2019/20
Raising Funds
Purchase of Crystal £ -
£ 277.50
Private Function expenses £ -
£ 8,105.37
£ -
£ 8,382.87
Charitable Activities
Trading Costs
Cost of Bar Sales £ 13,607.21
£ 66,645.73
Bar Expenses £ 1,723.28
£ 6,121.51
Cost of Port Sales £ -
£ 286.45
Function Expenses (from subsidies) £ 374.13
£ 50,329.46
Function Expenses (from tickets) £ 2,254.00
£ 98,428.42
Function Consumables £ 482.09
£ 3,925.96
Additional VAT on Subsidies £ -
£ 572.23
Mess Running Costs
Performing Rights/PPL £ 1,140.00
£ 446.66
Mess Guests £ 411.51
£ 407.69
Mess Committee Lunches & Refreshments £ -
£ 337.16
Television/Video/Audio £ 8,708.30
£ 21,784.78
Newspapers & Magazines £ 7,435.32
£ 12,342.50
Coffee £ 9,403.37
£ 13,273.62
CAF Sports Contribution £ 2,166.00
£ 2,000.00
Dry Cleaning £ 112.04
£ 845.92
Graduation Expense £ 51.65
£ 347.27
Flowers £ 6,511.68
£ 5,525.52
Presentations £ 1,834.27
£ 1,220.42
Repairs & Renewals £ 727.00
£ 1,359.58
Bar Tills £ 1,008.00
£ 2,883.92
Dining Hall Extras £ 4,476.40
£ 9,351.18
Wages £ 624.20
£ 2,874.80
Insurance £ 2,191.56
£ 1,410.73
Trophy Hire £ 538.21
£ 538.21
Governance Costs
Independent examination £ 2,124.00
£ 2,270.00
Support Costs
Bank & BACS charges £ 5,631.65
£ 5,324.23
Office Expenses £ 444.82
£ 910.96
Depreciation £ 8,600.00
£ 10,925.36
£ 82,580.69
£ 322,690.27
Total Expenditure £ 82,580.69
£ 331,073.14

Note 5 - Paid Employees

There are no paid employees, although some casual wages are paid.

Note 6 - Trustee 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 Central Amenities Fund HMS Collingwood. The Wardroom pays sums to the CAF as sports contributions on behalf of its members.

5

Note 7- Tangible Fixed Assets - Property Account - Fixtures & Fittings

Property Valuation as at 31 Mar 20
Less Depreciation
Property Valuation at 31 Mar 21
Note 8 - Miscellaneous Debtors and Prepayments
Prepaid Insurance
Prepaid TV Licence/Maintenance/Sky
Note 9 - Trading Creditors
ESS
Pressing Needs
Visa Card
Note 9A - Miscellaneous Creditors
Newspapers
BOC
Bank & Card Charges
PNIE
36,756.00
£
(8,600.00)
£
28,156.00
£
560.00
£
632.00
£
1,192.00
£
7,720.58
£
20.59
£
242.71
£
7,983.88
£
490.05
£
65.83
£
168.00
£
800.00
£
1,523.88
£

Note 10 - Endowment or Restricted Income Funds

The Officers' Association Fund is a restricted fund within the Wardroom Fund (see Note 13)

Note 11 - Other Information

a. The fund does not have any material commitments not provided for in the accounts

b. The fund has not given any guarantees to any third party that could be called on at the year end.

c. The fund has not granted any loans.

d. The fund 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 fund's financial year.

b. All the fund's operations are continuing operations and no operations have been discontinued

c. No funds are in deficit.

d. The fund has no marketable intangible assets

e. None of the funds functional assets have been revalued during the year and the fund does not have a policy of revaluation of these assets.

f. The fund has no material fixed assets which have not been capitalised and included in the Balance Sheet.

6

Note 12 - Bar & Shop Trading Account - Year to Mar 21

Sales
Bar Sales at cost price
Cost of Sales
Gross profit
Gross profit/sales at profit
Gross profit/cost of sales (= av mark up)
Less expenses:
Spillage/Write Off, pipeclean
(227.38)
£
1.7%
Snacks and Sundries
(1,495.90)
£
NET PROFIT
25%
19,802.92
£
82,223.25
£
516.28
£
10,104.28
£
20,319.20
£
92,327.53
£
(13,607.21)
£
(66,645.73)
£
6,711.99
£
25,681.80
£
33.9%
31.2%
49.3%
38.5%
(4,031.72)
£
6.0%
(2,089.79)
£
(1,723.28)
£
(6,121.51)
£
4,988.71
£
24%
19,560.29
£
Previous Year

Note 13 - Officers Association (Restricted Sub Fund) - Year to 31 Mar 21

Income
Subscriptions
Southwark Park Golf Day
History Press Greenie Royalties
Expenditure
OA Contribution to Mess
Subscription refunds
Committee Refreshments
Collingwood Bust
OA Trafalgar Night
Sword
Office items
80th Lunch Subsidy
Guest - Paul Sutton Lunch
RMA Concert Band Cancellation
Wreath/Flowers
Frame
Southwark Park Golf Day
B Worsfold OA Lunch
Payments exceed Receipts by
Receipts exceed Payments by
Brought forward 1 Apr 20
Payments exceed Receipts by
Receipts exceed Payments by
Carried Forward 31 Mar 21
1,405.00
£
35.01
£
-
£
-
£
-
£
-
£
57.80
£
-
£
-
£
-
£
-
£
-
£
-
£
140.00
£
1,530.39
£
5,924.15
£
-
£
301.50
£
120.93
£
-
£
1,651.32
£
6,225.65
£
3,007.50
£
253.28
£
45.84
£
1,871.85
£
348.38
£
1,167.64
£
335.93
£
172.68
£
29.80
£
962.50
£
53.50
£
2.08
£
321.50
£
-
£
1,637.81
£
8,572.48
£
2,346.83
£
13.51
£
7,015.56
£
9,362.39
£
(2,346.83)
£
13.51
£
7,029.07
£
7,015.56
£
Previous Year
1,530.39
£
5,924.15
£
-
£
301.50
£
120.93
£
-
£
1,651.32
£
6,225.65
£
3,007.50
£
253.28
£
45.84
£
1,871.85
£
348.38
£
1,167.64
£
335.93
£
172.68
£
29.80
£
962.50
£
53.50
£
2.08
£
321.50
£
-
£
1,637.81
£
8,572.48
£
2,346.83
£
13.51
£
7,015.56
£
9,362.39
£
(2,346.83)
£
13.51
£
7,029.07
£
7,015.56
£
Previous Year
6,225.65
£
8,572.48
£
2,346.83
£
9,362.39
£
(2,346.83)
£
7,015.56
£

7

WARDROOM MESS

HMS COLLINGWOOD

ANNUAL REPORT AND FINANCIAL STATEMENTS

For Period

1 April 2020 to 31 March 2021

Registered Charity No. 1130657

Trustees’ Annual Report and Comments

Wardroom Mess HMS COLLINGWOOD
Charity Registered No: 1130657
Covering the Accounting Year: 1 April 2020 to 31 March 2021
Address: HMS COLLINGWOOD
Newgate Lane
Fareham PO14 1AS
Governing Document: Constitution (Mess Rules)
Objectives: Promotion of the Military Efficiency and Operational
Effectiveness of the Armed Forces by the provision of mess
facilities to Commissioned Officers serving in
Her Majesty’s Ship COLLINGWOOD.
Trustee Captain C Jordan Royal Navy
Trustee selection method: Appointed as such by the Naval Secretary.
Bankers Lloyds TSB
Fareham
Bank of Scotland
Edinburgh
Independent Examiner: Marianne ButcherFMAAT
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 mess would normally put on a full social programme for
its members with generous subsidies to functions from the
profits made from the bar and other taxable activities.
However, the Covid 19 restrictions meant that this was not
possible.
Financial Review: The value of the main fund increased by nearly £20.4K in the
year. This was due to unused trading profits and the increase
in the market value of investments. Overall, the main fund
was worth £132K including property valued at £28.1K. The
Officers Association Fund, which is a restricted fund within
the Wardroom Fund, was worth £7.K.

Investment Selection Policy. The investments aim to achieve income rather than growth. The risk profile is an even split between shares and securities. Financial Reserves Policy: The Trustee has considered the level of reserves that is required, appropriate to the charity’s needs. This is the £69.3K held in BlackRock Charities Investment Funds. 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. Grant Policy: Grants may be made to mess members to assist with the personal contributions to sporting, adventurous training or other activities. 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 maintaining the free reserves stated it would provide sufficient resources in the event of adverse conditions. Quarterly independent examination of the accounts will mitigate the risk of any mismanagement by the mess 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 mess 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 the Royal Navy’s and Royal Marines’ capability to undertake the roles demanded of it 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.

Signature Signed on Original Name Captain C Jordan Royal Navy. Appointment Commanding Officer and sole Managing Trustee Date 24 May 2021

Independent Examiner’s Report to the Trustee of the Wardroom Mess HMS Collingwood.

I report on the accounts of the Charity for the year ended 31 March 2021 which are set out in pages 1 to 7 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:

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:

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

M L Butcher FMAAT 5 Nursery Road Havant Hants PO9 3BG

24 May 2021