## _**THE CENTRAL AMENITIES FUND**_
## _**HMS RALEIGH**_
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **For Period**
**1 December 2019 to 30 November 2020**
**Registered Charity No. 1132053**
## **Trustees’ Annual Report and Comments**
Central Amenities Fund HMS RALEIGH
Charity Registered No: 1132053 Covering the Accounting Year: 1 December 2019 to 30 November 2020 Address: HMS RALEIGH Torpoint E Cornwall PL11 2PD Governing Document: Constitution Objectives: Promotion of the Military Efficiency and Operational Effectiveness of the Armed Forces by the provision of Amenities to Service personnel serving in Her Majesty’s Ship Raleigh. Trustee: Captain R Harris Royal Navy (until 8 September 2020) Captain S Nielsen Royal Navy (from 9 September 2020) Trustee selection method: Appointed as such by the Naval Secretary. Bankers Lloyds TSB Royal Parade Plymouth Independent Examiner: P A Nicholls MAAT MBE 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 fund continued to support sporting and leisure activities and provide a central bank for a number of Service and other funds. Financial Review: The fund gained £34K over the year. There four main reasons:
- £11.7K – profit share from Raleigh enterprises.
- £13K – take on Jupiter gig onto property
- £1.9K – growth in value of the investments.
- £5.9K – reduction in spending on sports
by property.
.
Investment Selection Policy. 250K was invested in a variety of investments, mainly medium risk, managed by Hansford Bell. Financial Reserves Policy: The Trustee has considered the level of reserves to retain, appropriate to the charity’s needs. These are set at £260K to £290K and are held in investments. This will allow the fund to continue for twelve months without income and also 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: Grants are paid for capital projects to enhance amenities and small grants are paid to individuals to support sporting 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.
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 leisure and sporting amenities. 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 S Nielsen Royal Navy. Appointment Commanding Officer and Sole Managing Trustee
Date ................... 26 February 2021
## **Independent Examiner’s Report to the Trustee of the Central Amenities Fund HMS Raleigh.**
I report on the accounts of the Charity for the year ended 30 November 2020 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 Act) and that an independent examination is needed. It is my responsibility to
- Examine the accounts under section 145 of the Act;
- To follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 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 matter has come to my attention
- (1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act, and
- to prepare accounts that accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met, or
- (2) to which, in my opinion, attention should be drawn 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
26 February 2021
## **HMS RALEIGH CENTRAL AMENITIES FUND**
## **Registered Charity No 1132053**
## **BALANCE SHEET**
|**Fixed Assets**
Notes
Gutter Tor
500,000.00
£
Property
7
52,100.00
£
Fidelity Funds Network
2
278,562.18
£
Total Fixed Assets
**Current Assets**
Debtors & Prepayments
8
28,604.00
£
Virgin Money Deposit
57,637.17
£
Bank Accounts
89,343.58
£
Cash
1,449.62
£
177,034.37
£
**Current Liabilities**
Creditors
9,9A,9B
74,215.50
£
Net Current Assets (Liabilities)
**Long Term Liability**
Nuffield Trust
9D
**Total Net Assets**
**30-Nov-20**|_30-Nov-19_
_500,000.00_
_£_
_43,000.00_
_£_
_270,655.76_
_£_
830,662.18
£
_38,828.00_
_£_
_56,676.14_
_£_
_31,929.37_
_£_
_649.37_
_£_
_128,082.88_
_£_
_42,392.43_
_£_
102,818.87
£
(250,000.00)
£
**683,481.05**
**£**|_813,655.76_
_£_
_85,690.45_
_£_
_(250,000.00)_
_£_|
|---|---|---|
|||**_649,346.21_**
**_£_**|
Approved on 26 February 2021
Signed on Original Captain S Nielsen Royal Navy Sole Managing Trustee
1
RAL-CAFNov20BSENBALANCE SHEET
## **HMS RALEIGH CENTRAL AMENITIES FUND**
## **STATEMENT OF FINANCIAL ACTIVITIES**
|**Income**
Notes
Voluntary Income
Charitable Activities
Other Trading Activities
Investment Income
Other income
Total Income
3
**Expenditure**
Raising Funds
Charitable Activities
Other Costs
Total Expenditure
4
Net income/(Expenditure)
Gain on Investments
Take Gig onto CAF Property
Net Movement of Funds
Total Funds brought forward 1 Dec 19
Net Movement of Funds
Total Funds carried forward 30 Nov 20|22,050.70
£
45,049.29
£
8,841.20
£
6,494.42
£
2,815.95
£
85,251.56
£
8,452.90
£
47,337.67
£
10,185.95
£
65,976.52
£
19,275.04
£
1,859.80
£
13,000.00
£
34,134.84
£
649,346.21
£
34,134.84
£
683,481.05
£
2020|_2019_
_39,009.60_
_£_
_47,492.70_
_£_
_14,070.05_
_£_
_5,614.50_
_£_
_49,530.00_
_£_|
|---|---|---|
|||_155,716.85_
_£_|
|||_6,403.75_
_£_
_78,999.46_
_£_
_49,090.00_
_£_|
|||_134,493.21_
_£_|
|||_21,223.64_
_£_
_18,873.27_
_£_
_-_
_£_
_40,096.91_
_£_
_609,249.30_
_£_
_40,096.91_
_£_|
|||_649,346.21_
_£_|
2
RAL-CAFNov20BSENSOFA SUM
## **HMS RALEIGH CENTRAL AMENITIES FUND**
## **Notes to the Accounts dated 30 Nov 2020**
## **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 CAF becomes entitled to the donation or grant and it is reasonably certain that it will be received.
- b. Incoming resources from fund raising are 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 Accountant. 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.
- c. The charity operates a defined contribution pension scheme.
## Assets
a. Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £50. 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. Stocks are valued at the lower of cost or market value.
## **Note 2 - Investments**
investments are held in Fidelity Fund Investments
|Purchases
Dec-17
Feb-18
Value at 31 Oct 19
Accumulating Dividends
Gain on Revaluation
Value at 30 Nov 20|150,000.00
£
100,000.00
£|
|---|---|
||250,000.00
£|
||270,655.76
£
6,046.62
£
1,859.80
£|
||278,562.18
£|
3
## **Note 3 - Income (General Fund & Designated Funds)**
|_Voluntary Income_
Excess Income
RBL Cinema Grant
Raleigh Enterprises
Medical Centre
Lost & Found/Chapliancy
Grants/Donations
_Charitable Activities_
Gutter Tor
Twickenham
Sports Income
Caravan
_Other Trading Activities_
B&B Booklet
Raleigh Cinema
Car Wash
Dog Passes
Commission
Recreation Passes
_Investment Income_
Interest/investment income
Dividend Income
_Other Income (As Agent)_
Passing Out Parades
Total Income|1,848.71
£
_27,554.00_
_£_
-
£
_5,000.00_
_£_
11,740.00
£
_1,000.00_
_£_
154.00
£
_-_
_£_
190.22
£
_-_
_£_
8,117.77
£
_5,455.60_
_£_
22,050.70
£
_39,009.60_
_£_
37,360.00
£
_41,910.00_
_£_
-
£
_1,357.00_
_£_
224.29
£
_1,180.70_
_£_
7,465.00
£
_3,045.00_
_£_
45,049.29
£
_47,492.70_
_£_
2,740.00
£
_3,220.00_
_£_
1,080.00
£
_1,940.00_
_£_
241.20
£
_268.50_
_£_
2,925.00
£
_3,625.00_
_£_
-
£
_726.55_
_£_
1,855.00
£
_4,290.00_
_£_
8,841.20
£
_14,070.05_
_£_
447.80
£
_488.84_
_£_
6,046.62
£
_5,125.66_
_£_
6,494.42
£
_5,614.50_
_£_
2,815.95
£
_49,530.00_
_£_
85,251.56
£
_155,716.85_
_£_
_2019_
2020|1,848.71
£
_27,554.00_
_£_
-
£
_5,000.00_
_£_
11,740.00
£
_1,000.00_
_£_
154.00
£
_-_
_£_
190.22
£
_-_
_£_
8,117.77
£
_5,455.60_
_£_
22,050.70
£
_39,009.60_
_£_
37,360.00
£
_41,910.00_
_£_
-
£
_1,357.00_
_£_
224.29
£
_1,180.70_
_£_
7,465.00
£
_3,045.00_
_£_
45,049.29
£
_47,492.70_
_£_
2,740.00
£
_3,220.00_
_£_
1,080.00
£
_1,940.00_
_£_
241.20
£
_268.50_
_£_
2,925.00
£
_3,625.00_
_£_
-
£
_726.55_
_£_
1,855.00
£
_4,290.00_
_£_
8,841.20
£
_14,070.05_
_£_
447.80
£
_488.84_
_£_
6,046.62
£
_5,125.66_
_£_
6,494.42
£
_5,614.50_
_£_
2,815.95
£
_49,530.00_
_£_
85,251.56
£
_155,716.85_
_£_
_2019_
2020|
|---|---|---|
||37,360.00
£
-
£
224.29
£
7,465.00
£||
||2,740.00
£
1,080.00
£
241.20
£
2,925.00
£
-
£
1,855.00
£||
||447.80
£
6,046.62
£||
||||
|||_155,716.85_
_£_|
4
## **Note 4 - Expenditure**
|_Raising Funds_
Recreation Passes
-
£
Caravan
8,288.62
£
Car Wash
72.78
£
Dog Passes
91.50
£
_Charitable Activities_
Operating Costs
Grants - Expeds/Team Building
-
£
Grants - Individuals
1,000.00
£
Grants - Gig Refurb
-
£
Grants - Socials
1,075.00
£
Grants- Lourdes
-
£
Grants - Field Gun
500.00
£
Grants - SR Refurbishment
-
£
Grants - Op Yule
2,191.91
£
Grants - Op Leave
5,808.09
£
Cinema
5,400.00
£
Gutter Tor
14,997.60
£
Roebuck Theatre
694.34
£
Sports Expenditure
4,300.91
£
Chaplaincy Expenses
-
£
Christmas
1,267.21
£
Trophies
212.44
£
Internet
143.71
£
Twickenham
-
£
Insurance
2,270.95
£
TV
312.00
£
Misc Expenses
1,250.00
£
Governance Costs
Independent Examination Fees
1,350.00
£
Support Costs
Office Salaries
-
£
Office Administration
663.51
£
Depreciation
3,900.00
£
_Other Expenses_
Worthy Down JR Fund (DMLS move)
_Other Expenses (As Agent)_
Passing Out Parades
Total Expenditure|-
£
8,288.62
£
72.78
£
91.50
£|_365.00_
_£_
_5,810.32_
_£_
_-_
_£_
_228.43_
_£_
8,452.90
£
_6,403.75_
_£_
_1,628.00_
_£_
_2,225.00_
_£_
_750.00_
_£_
_3,255.00_
_£_
_307.80_
_£_
_500.00_
_£_
_12,320.88_
_£_
_-_
_£_
_-_
_£_
_6,000.00_
_£_
_21,500.59_
_£_
_694.00_
_£_
_11,176.87_
_£_
_3,966.55_
_£_
_463.00_
_£_
_255.50_
_£_
_119.88_
_£_
_2,831.95_
_£_
_2,190.00_
_£_
_459.50_
_£_
_885.90_
_£_
_1,500.00_
_£_
_1,769.29_
_£_
_318.75_
_£_
_3,881.00_
_£_
47,337.67
£
_78,999.46_
_£_
7,500.00
£
_-_
_£_
2,685.95
£
_49,090.00_
_£_
65,976.52
£
_134,493.21_
_£_
2020
_2019_|_365.00_
_£_
_5,810.32_
_£_
_-_
_£_
_228.43_
_£_
8,452.90
£
_6,403.75_
_£_
_1,628.00_
_£_
_2,225.00_
_£_
_750.00_
_£_
_3,255.00_
_£_
_307.80_
_£_
_500.00_
_£_
_12,320.88_
_£_
_-_
_£_
_-_
_£_
_6,000.00_
_£_
_21,500.59_
_£_
_694.00_
_£_
_11,176.87_
_£_
_3,966.55_
_£_
_463.00_
_£_
_255.50_
_£_
_119.88_
_£_
_2,831.95_
_£_
_2,190.00_
_£_
_459.50_
_£_
_885.90_
_£_
_1,500.00_
_£_
_1,769.29_
_£_
_318.75_
_£_
_3,881.00_
_£_
47,337.67
£
_78,999.46_
_£_
7,500.00
£
_-_
_£_
2,685.95
£
_49,090.00_
_£_
65,976.52
£
_134,493.21_
_£_
2020
_2019_|
|---|---|---|---|
|||||
||||_134,493.21_
_£_|
## **Note 5 - Paid Employees**
a. Salaries : £ nil (previous year £1769) Employers National Insurance: Nil (previous year Nil)
- b. There was one part time employee who managed the fund accounts up to Jan 19. The fund has not paid for a mess accountant since that time
5
## **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 trustee of the charitable funds that use the CAF as their Central Bank (Note 9A).
## **Note 7 - Fixed Assets - Fixtures, Fittings and Equipment**
|Total value at 30 Nov 19
Additions (Gig)
Less Depreciation
Property Value at 30 Nov 20|43,000.00
£
13,000.00
£
(3,900.00)
£|
|---|---|
||52,100.00
£|
**Note 8 - Miscellaneous Debtors (Payable in less than one year)**
|Interest accrued
Gutter Tor fees
Insurances prepaid
Caravan Pitch Fees prepaid
Trophy Hire prepaid|200.00
£
20,920.00
£
3,661.00
£
3,754.00
£
69.00
£|
|---|---|
||28,604.00
£|
## **Note 9 - Creditors (payable in less than one year)**
|Accounts Examination|1,350.00
£|
|---|---|
||1,350.00
£|
## **Note 9A - Other Service (Charitable) Funds using CAF as a bank**
|Church Funds
Church of England
CSFC
RC Church
Corporate Golf
Leading Hands Mess|2,034.04
£
1,033.32
£
1,031.56
£
14,487.99
£
2,030.79
£|
|---|---|
||20,617.70
£|
## **Note 9B - Approved Funds using CAF as a bank.**
|Apprenticeship Reward Scheme
Chaplaincy Projects
Jupiter Point RYA Fund
Op Leave Package
Raleigh Enterprises
Raleigh Gig Club
Seamanship STO
Sports Lottery Grant
Sports X Country
Sports Field Gun
Sports Grass Roots|286.01
£
1,105.63
£
1,102.66
£
5,290.59
£
18,068.15
£
644.52
£
71.35
£
53.26
£
301.39
£
1,886.56
£
3,151.15
£|
|---|---|
||31,961.27
£|
6
## **Note 9C - Charity Collection Funds**
|Fire School Charity
RNRM Charity
**Note 9D - Liability to Nuffield Trust (over one year)**|413.00
£
19,873.53
£|
|---|---|
||20,286.53
£|
||250,000.00
£|
Gutter Tor was purchased in 1986 and later rebuilt. The Nuffield Trust provided a 50% grant. If Gutter Tor is sold 50% of the net proceeds must be repaid to the Nuffield Trust.
## **Note 10 - 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 has three designated funds.
- c. All the CAF's operations are continuing operations.
- d. The CAF has no intangible assets (other than office space provided by MOD)
- e. There were no interfund loans outstanding at the balance sheet date.
- 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.
7
## _**THE CENTRAL AMENITIES FUND**_
## _**HMS RALEIGH**_
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **For Period**
**1 December 2019 to 30 November 2020**
**Registered Charity No. 1132053**
## **Trustees’ Annual Report and Comments**
Central Amenities Fund HMS RALEIGH
Charity Registered No: 1132053 Covering the Accounting Year: 1 December 2019 to 30 November 2020 Address: HMS RALEIGH Torpoint E Cornwall PL11 2PD Governing Document: Constitution Objectives: Promotion of the Military Efficiency and Operational Effectiveness of the Armed Forces by the provision of Amenities to Service personnel serving in Her Majesty’s Ship Raleigh. Trustee: Captain R Harris Royal Navy (until 8 September 2020) Captain S Nielsen Royal Navy (from 9 September 2020) Trustee selection method: Appointed as such by the Naval Secretary. Bankers Lloyds TSB Royal Parade Plymouth Independent Examiner: P A Nicholls MAAT MBE 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 fund continued to support sporting and leisure activities and provide a central bank for a number of Service and other funds. Financial Review: The fund gained £34K over the year. There four main reasons:
- £11.7K – profit share from Raleigh enterprises.
- £13K – take on Jupiter gig onto property
- £1.9K – growth in value of the investments.
- £5.9K – reduction in spending on sports
by property.
.
Investment Selection Policy. 250K was invested in a variety of investments, mainly medium risk, managed by Hansford Bell. Financial Reserves Policy: The Trustee has considered the level of reserves to retain, appropriate to the charity’s needs. These are set at £260K to £290K and are held in investments. This will allow the fund to continue for twelve months without income and also 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: Grants are paid for capital projects to enhance amenities and small grants are paid to individuals to support sporting 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.
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 leisure and sporting amenities. 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 S Nielsen Royal Navy. Appointment Commanding Officer and Sole Managing Trustee
Date ................... 26 February 2021
## **Independent Examiner’s Report to the Trustee of the Central Amenities Fund HMS Raleigh.**
I report on the accounts of the Charity for the year ended 30 November 2020 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 Act) and that an independent examination is needed. It is my responsibility to
- Examine the accounts under section 145 of the Act;
- To follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 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 matter has come to my attention
- (1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act, and
- to prepare accounts that accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met, or
- (2) to which, in my opinion, attention should be drawn 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
26 February 2021