2024-12-31-accounts

CENTRAL AMENITIES FUND HMS COLLINGWOOD

ANNUAL REPORT AND FINANCIAL STATEMENTS

For Period

1 January 2024 to 31 December 2024

Registered Charity No. 1131101

Registered Charity No: 1131101

Trustees’ Annual Report and Comments

Central Amenities Fund HMS COLLINGWOOD

Charity Registered No:	1131101
Covering the Accounting Year:	1 January 2024 to 31 December 2024
Address:	HMS COLLINGWOOD
	Newgate Lane
	Fareham PO14 1AS
Governing Document:	Central Amenities Fund Constitution
Object:	The primary aim of the CAF is to promote the welfare and
	military efficiency of Establishment personnel. This is
	interpreted as to “improve the well being (both morale and
	physical) and efficiency of Establishment personnel through the
	provision of services, amenities and activities that are not within
	the remit of Crown or employer requirements”.
Trustee:	Captain T Davey Royal Navy
Trustee selection method:	Appointed as such by the Naval Secretary.
Bankers:	Barclays Bank plc
	High Street
	Fareham
Independent Examiner:	P A NichollsMBE MAAT
	5 Nursery Road
	Havant
	Hants PO9 3BG
Activities and Achievements:	To have resources available for expenditure on improvements to
	the quality of life, and the engenderment of esprit de corps. In
	normal years generous subsidies are provided for departmental
	social functions, grants paid to sailing and sports and numerous
	grants to individuals for sports and adventurous training.
Financial Review:	The CAF gained £59.9K over the year. There were three main
	reasons:

• Surplus from closed minor funds - £11.1K

• Surplus from dividends not required for grants - £19.3K

• Gain in market value of investments - £29.5K

The CAF was worth £857.3K. Apart from investments worth £573.9K, it held £430.3K in various bank accounts, although £152.2K of the latter belonged to other funds.

Significant grants will be made to messes and other areas in the coming year.

Investment Selection Policy:

The investment is held primarily to generate income and the Management Committee reviews the portfolio annually.

Registered Charity No: 1131101

Financial Reserves Policy:	The Trustee has considered the level of reserves to retain,
	appropriate to the charity’s needs. This is set at £500K-£600K
	and is held in investments. It seeks to provide twelve months
	CAF running costs but also to be able to fund capital projects.
	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:	After deliberation by a committee consisting of representatives
	from entitled personnel, grants may be made to clubs,
	departments or individuals for a wide range of sporting and
	other leisure activities.
Risk Assessment:	The Trustee reviews the major risks to which the charity is
	exposed through the production of an annual Business Plan.
	Systems have been established to manage the risks and it is
	believed that the reserves policy will provide sufficient
	resources in the event of adverse conditions. Six monthly
	independent examination of the accounts mitigates the risk of
	any mismanagement by the Management and Grants
	Committees and the reports thereof are seen by the Trustee.
Public Benefit Statement:	This fund provides public benefit by assisting personnel in
	HMS Collingwood to more effectively perform their roles
	within the Armed Forces of the Crown. It does this by
	providing and supporting additional leisure and social activities
	beyond that supplied by the Crown. This assistance enables
	personnel to better 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 by enhancing their capability
	to undertake the roles demanded of them.

I confirm that I have paid due regard to the Charity Commission of England and Wales’s guidance on public benefit when deciding what activities the charity should undertake.

Declaration:

I declare, in my capacity of Charity Trustee, that I have approved the above report.

Signed on Original

Signature Name Captain T Davey Royal Navy Appointment Commanding Officer HMS COLLINGWOOD and Sole Managing Trustee Date 7 February 2025

Registered Charity No: 1131101

HMS COLLINGWOOD CENTRAL AMENITIES FUND

Registered Charity No 1131101

BALANCE SHEET

31 December 2024

Fixed Assets Notes Property 7 Black Rock Investments 2 CCLA Investments 2 Total Fixed Assets Current Assets Debtors & Prepayments 9 Charity Deposit Fund RBS Holts 30 Day Savings RBS Holts Reserve Bank Accounts Cash Current Liabilities Creditors 10,10A-C Net Current Assets Total Net Assets	600.50 £ 373,792.46 £ 199,477.81 £ 5,305.00 £ 261,406.82 £ 68,177.08 £ 50,319.46 £ 50,372.19 £ 950.00 £ 436,530.55 £ 153,115.09 £	31-Dec-23 - £ 350,198.71 £ 193,559.62 £ 573,870.77 £ 4,064.76 £ 248,429.83 £ 66,048.35 £ 39,687.29 £ 8,478.91 £ 1,140.29 £ 367,849.43 £ 114,237.09 £ 283,415.46 £ 857,286.23 £	543,758.33 £ 253,612.34 £
			797,370.67 £

Approved on 7 February 2025

Signed on Original

Captain T Davey Royal Navy Sole Managing Trustee

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HMS COLLINGWOOD CENTRAL AMENITIES FUND

STATEMENT OF FINANCIAL ACTIVITIES

Income from: Notes Donations & Grants Charitable Activities Other Trading Activities Investment Income Total Income 3 Expenditure Charitable Activities Total Expenditure 4 Net Income Unrealised Gain (Loss) on Investments Less Previous Year Correction Net Movement of Funds Total Funds Brought Forward 1 Jan 24 Net Movement of Funds Total Funds Carried Forward 31 Dec 24	21,406.17 £ 1,945.80 £ 10,465.00 £ 34,987.81 £ 68,804.78 £ 38,401.16 £ 38,401.16 £ 30,403.62 £ 29,511.94 £ - £ 59,915.56 £ 797,370.67 £ 59,915.56 £ 857,286.23 £ 2024	Total 9,426.81 £ 4,439.33 £ 8,570.00 £ 28,575.83 £ 2023
		51,011.97 £
		27,312.97 £
		27,312.97 £
		23,699.00 £ 1,386.07 £ (2,185.72) £
		22,899.35 £
		774,471.32 £ 22,899.35 £
		797,370.67 £

2

CAFDec24BSZSOFA SUM

HMS COLLINGWOOD CENTRAL AMENITIES FUND

Notes to the Accounts dated 31 December 2024

Note 1 - Accounting policies

a. The financial statements are prepared under the historic cost convention (as modified by the revaluation of fixed asset investments) and in accordance with applicable accounting standards: Charities Statement of Recommended Practice 2019 and the provisions of the Charities Acts. Significant policies adopted are:

Income

• a. Donations are included in the Statement of Financial Activities (SOFA) when the CAF becomes entitled to the donation or grant and it is reasonably certain that it will be received.

• b. Income from fund raising is reported gross in the SOFA

• c. Intangible income is not included in the accounts.

• d. The CAF receives no unpaid volunteer help.

• e. Investment income is included in the accounts when receivable.

Expenditure and Liabilities

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

b. Administration costs are incurred by the CAF Manager. These costs are not apportioned as the tasks are wide ranging in support of leisure and amenities and include the maintenance of the Central Bank facility for other funds.

Assets

a. Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £250. They are valued at cost or a reasonable value on receipt. The CAF does not have a policy of revaluation. Depreciation is straight line and over the estimated life of the item.

b. Investments on a recognised stock exchange are valued at market value at the date of the Balance Sheet or at best estimate of market value.

Note 2 - Investments

Black Rock

Market Value at 1 Jan 24 Gain on Revaluation Market Value at 31 Dec 24 Cost price: £177,854.93 CCLA COIF Short Duration Bond Market Value at 1 Jan 24 Gain on Revaluation Market Value at 31 Dec 24 Cost price: £200,000.00	350,198.71 £ 23,593.75 £
	373,792.46 £
	193,559.62 £ 5,918.19 £
	199,477.81 £

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Note 3 - Income

Donations & Grants Open Day Grant Bonfire Collection Sports Grants Closed Funds Mess Sports Contributions Charitable Activities Sports Income Launderette (Closed) Jetwash Misc Income Other Trading Activities SARC Income Interest/Investment Income BlackRock Bond Dividends BlackRock Equity Dividends CCLA Short Duration Bond Dividends CCLA Deposit Interest Bank Interest Total Income Note 4 - Expenditure Charitable Activities Operating Minor Grants Club Grants Sports Expenditure Jetwash TV Christmas Extras Fireworks Insurance Trophy Hire Hanging Baskets Coasters Refurb Challenge Coin Prizes Misc Expenses Governance Costs Independent Examination Fees Support Costs Office Administration Bank Charges Total Expenditure Major Grants Sailing Club Sports Band Field Gun Crew	5,000.00 £ 5,000.00 £ - £ 259.81 £ - £ 1,500.00 £ 11,073.17 £ - £ 5,333.00 £ 2,667.00 £ 21,406.17 £ 9,426.81 £ - £ 1,311.00 £ 388.40 £ 788.50 £ 1,557.40 £ 1,578.20 £ - £ 761.63 £ 1,945.80 £ 4,439.33 £ 10,465.00 £ 8,570.00 £ 1,560.24 £ 11,401.29 £ 5,000.39 £ 14,264.99 £ 2,760.90 £ 34,987.81 £ 28,575.83 £ 68,804.78 £ 51,011.97 £ 7,051.37 £ 1,620.37 £ 15,000.00 £ 4,000.00 £ - £ 7,966.59 £ 332.16 £ - £ 161.50 £ 197.75 £ 4,318.30 £ 4,372.38 £ 4,528.41 £ 5,000.32 £ 1,013.74 £ 591.80 £ 236.49 £ 139.00 £ 400.00 £ - £ 710.99 £ - £ 860.00 £ - £ 198.70 £ - £ 1,900.00 £ 1,860.00 £ 1,582.73 £ 1,564.76 £ 106.77 £ - £ 38,401.16 £ 27,312.97 £ 38,401.16 £ 27,312.97 £ 3,000.00 £ 9,000.00 £ 1,500.00 £ 1,500.00 £ 15,000.00 £ 2023 2024	5,000.00 £ 5,000.00 £ - £ 259.81 £ - £ 1,500.00 £ 11,073.17 £ - £ 5,333.00 £ 2,667.00 £ 21,406.17 £ 9,426.81 £ - £ 1,311.00 £ 388.40 £ 788.50 £ 1,557.40 £ 1,578.20 £ - £ 761.63 £ 1,945.80 £ 4,439.33 £ 10,465.00 £ 8,570.00 £ 1,560.24 £ 11,401.29 £ 5,000.39 £ 14,264.99 £ 2,760.90 £ 34,987.81 £ 28,575.83 £ 68,804.78 £ 51,011.97 £ 7,051.37 £ 1,620.37 £ 15,000.00 £ 4,000.00 £ - £ 7,966.59 £ 332.16 £ - £ 161.50 £ 197.75 £ 4,318.30 £ 4,372.38 £ 4,528.41 £ 5,000.32 £ 1,013.74 £ 591.80 £ 236.49 £ 139.00 £ 400.00 £ - £ 710.99 £ - £ 860.00 £ - £ 198.70 £ - £ 1,900.00 £ 1,860.00 £ 1,582.73 £ 1,564.76 £ 106.77 £ - £ 38,401.16 £ 27,312.97 £ 38,401.16 £ 27,312.97 £ 3,000.00 £ 9,000.00 £ 1,500.00 £ 1,500.00 £ 15,000.00 £ 2023 2024
	- £ 388.40 £ 1,557.40 £ - £
	1,560.24 £ 11,401.29 £ 5,000.39 £ 14,264.99 £ 2,760.90 £
	7,051.37 £ 15,000.00 £ - £ 332.16 £ 161.50 £ 4,318.30 £ 4,528.41 £ 1,013.74 £ 236.49 £ 400.00 £ 710.99 £ 860.00 £ 198.70 £ 1,900.00 £ 1,582.73 £ 106.77 £
		51,011.97 £
		27,312.97 £
	3,000.00 £ 9,000.00 £ 1,500.00 £ 1,500.00 £
		27,312.97 £
	15,000.00 £

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Note 5 - Paid Employees

• a. There were no paid employees.

Note 6 - Trustees and Other Related Parties

• a. No expenses or emoluments have been paid to the Sole Managing Trustee b. There are no amounts due to or from the Sole Managing Trustee

• c. The Sole Managing Trustee is also the Sole Managing Trustee of the Wardroom HMS Collingwood and the WO, SR & SNCO Mess HMS Collingwood. These funds pay sums to the CAF as sport contributions. In addition the messes occasionally bid for grants from the CAF. The Sole Managing Trustee is also the Trustee of some of the charitable funds that use the CAF as their Central Bank (Note 10A).

Note 7 - Fixed Assets - Fixtures, Fittings and Equipment

Most items of property have depreciated to a nil book value.However, Executive ceremonial canes are held as CAF property as they are not a personal issue.

Note 8 - Stocks - None held

Note 9 - Miscellaneous Debtors & Prepayments

Interest Accrued Insurance Prepaid Sage Prepaid TV Licence Prepaid	4,188.00 £ 544.00 £ 432.00 £ 141.00 £
	5,305.00 £

Note 10 - Creditors (payable in less than one year)

PNIE	£	950.00
	£	950.00
Note 10A - Held for other Collingwood Service Funds
Chaplaincy	£	2,736.71
Motor Club	£	2,623.61
Sailing Club	£	2,551.12
Sports Fund	£	882.56
US Football League	£	617.57
Victory Squadron	£	325.64
Volunteer Band	£	6,702.27
	£	16,439.48

Note 10B - Held for Events Funds

Open Day Fund Junior Leaders Field Gun Field Gun Competition	50,175.77 £ 4,936.21 £ 38,016.63 £
	93,128.61 £

5

Note 10C - Held for Other Funds (Approved Funds)

Boxing CWD Parents Network RNLA DDS Service Fund Dogs Cleaning Charge Fund Collingwood Field Gun Crew Collingwood Museum Fund Beehive Project Junior Ratings Bar Miscellaneous Awards Miscellaneous Holding Funds Ouvery Prize Fund RNRMC Awards and Prizes Swanwick Fundraising Swanwick Military Charities Swanwick Military Entertainments Swanwick Military Sports & Welfare Fund Swanwick Military Motorhome Victory Squadron E Sports

4,577.81 £ 250.00 £ 14.88 £ 3,975.35 £ 4,440.00 £ 864.79 £ 529.95 £ 1,274.62 £ 992.57 £ 1,186.00 £ 455.92 £ 6.00 £ 1,421.42 £ 717.94 £ 279.99 £ 2,531.49 £ 736.94 £ 15,904.02 £ 2,437.31 £

42,597.00 £

Note 11 - Endowment or Restricted Funds

None held

Note 12 - Other Information

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

• b. The CAF has not given any guarantees to any third party that could be called on at the year end. c. The CAF has not granted any loans.

• d. The CAF did not make any ex gratia payments during the year.

Declarations

• a. The Trustee has not changed the year end date nor the length of the CAF's financial year

• b. The CAF had three designated funds but these were absorbed into the general funds.

• c. All the CAF's operations are continuing operations and no operations were discontinued or acquired during the year.

• d. The CAF has no intangible assets (other than office and club space provided by MOD). e. There were no interfund loans.

• f. None of the CAF's functional assets have been revalued during the year and the CAF does not have a policy of revaluation of these assets.

• g. The CAF has no material fixed assets which have not been capitalised and included in the Balance Sheet.

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Independent Examiner’s Report to the Trustee of the Central Amenities Fund. HMS Collingwood (Registered Charity 1131101)

I report on the accounts of the Charity for the year ended 31 December 2024 which are set out in pages 1 to 8 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.

It is my responsibility to:

• examine the accounts under section 145 of the 2011 Act;

• to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and

• to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustee for any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:

• The accounting records were not kept in accordance with section 130 of the Charities Act; or

• The accounts did not accord with the accounting records; or

• The accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than in any requirement that the accounts give a “true and fair” view which is not a matter considered as part of an independent examination.

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed on Original

P A Nicholls MBE MAAT 5 Nursery Road Havant Hants PO9 3BG

7 February 2025

Registered Charity No: 1131101