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← Royal Military Academy Sandhurst Commandant's Fund

2022-03-31-accounts

Page
Report ofthe Trustees 1 to4
Report ofthe Independent
Auditors		 5 to 8
Statement ofFinancial Activities
Balance Sheet 10
Notes to the Financial Statements 11 to 19
Detailed Statement of Financial Activities 20 to 21

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes 8 F 6
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 430 430
Other trading
activities
Investment
income		 2
3		 523
270,932		 523
270,932		 162
311,171
Total 271 885 271,885 311,333
EXPENDITURE ON
Raising funds 4 (10,628) (10,628) 8,979
Charitable
activities
The Sandhurst
Collection		 32,037 32,037 64,103
General
sundry grants		 137,829 137,829 69,756
Depreciation
on asset used for
purposes
SQM Infrastructure
grants		 charitable 847
380,810		 847
380,810		 996
346,235
Total 540,895 540,895 490,069
Net gains on investments 784,751 784,751 1,454,048
NET INCOME 515,741 515,741 1,275,312
RECONCILIATION
OF FUNDS
Total funds brought
forward		 9,358,854 9,358,854 8,083,542
TOTAL FUNDS CARRIED FORWARD 9.874.595 . 9,874,595 9,858,854

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes 6 6 6 6
FIXEDASSETS
Tangible assets 9 4,797 4,797 5,643
Investments 10 9,826,768 9,826,768 9,252,478
9,831,565 9,831,565 9,258,121
CURRENT ASSETS
Debtors 29,957
Prepayments
and accrued income		 76,203 76,203 76,270
Cash in hand 53,619 53,619 52,711
129,822 129,822 158,938
CREDITORS
Amounts
falling due within one year		 12 (86,792) (86,792) (58,205)
NET CURRENT ASSETS 43,030 43030 100,733
TOTAL ASSETSLESSCURRENT
LIABILITIES 9,874,595 9,874,595 9,358,854
NET ASSETS 9,874595 . 9,874.595 9,358,854
FUNDS 13
Unrestricted
funds		 9,874,595 9,358,854
TOTAL FUNDS 9874595 9,358,,854,

2. OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES
2022 2021
F
Sandhurst
Collection sales		 33 162
Sandhurst
book sales		 490
523 162
3. INVESTMENT INCOME
2022
f		 2021
Sandhurst
pool invest. income		 74,467
CCLA investment
income		 270,915 236,579
Deposit account interest 17 125
270,932 311,171
4. RAISING FUNDS
Investment
management		 costs
2022 2021
6
Portfolio management (10,628) 8,979
5. CHARITABLE ACTIVITIES COSTS
Grant Support
funding of costs (see
activities note 6) Totals
6
The Sandhurst
Collection		 26,502 5,535 32,037
General sundry grants 97,527 40,302 137,829
Depreciation
on asset used		 for
charitable
purposes		 847 847
SQM Infrastructure
grants		 380,810 380,810
504,839 46,684 551,523

Governance
Other costs Totals
E K 8
The Sandhurst
Collection		 5,535 5,535
General sundry
grants		 28,163 12,139 40,302
Depreciation on asset used for
charitable purposes 847 847
28,163 18,521 46,684
Support costs, included in the above, are as follows:
Governance costs
2022 2021
Depreciation
on asset
The General used for
Sandhurst sundry charitable Total Total
Collection
8		 grants
8		 purposes
8		 activities
f		 activities
Auditors' remuneration 4,770 4,770 6,360
Auditors' remuneration
for non audit work 5,520 5,520 5,454
Insurance 5,535 5,535 5,170
Printing, stationery &
postage 189
Depreciation oftangible
fixed assets 847 847 996
Sage support costs 1,847 1,847 1,802
5,535 12,139 847 18,521 19,971

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds
f		 funds
f		 fundsf
INCOME AND ENDOWMENTS FROM
Other trading
activities
Investment
income		 162
311,171		 162
311,171
Total 311,333 311,333
EXPENDITURE ON
Raising funds 8,979 8,979
Charitable
activities
The Sandhurst
Collection		 64,103 64,103
General sundry
grants		 69,756 69,756
Depreciation
on asset used for
purposes
SQM Infrastructure
grants		 charitable 996
346,235		 996
346,235
Total 490,069 490,069
Net gains on investments 1,454,048 1,454,048
NET INCOME 1,275,312 1,275,312
RECONCILIATION
OF FUNDS
Total funds brought forward
As previously
reported
Prior year adjustment		 8,046,408
37,134		 8,046,408
37,134
As restated 8,083,542 8,083,542
TOTAL FUNDS CARRIED FORWARD 9,358,854 8,358,858

TANGIBLE FIXEDASSETS
Plant and
machinery
f
COST
At 1stApril 2021 and 31st March 2022 12,717
DEPRECIATION
At 1st April 2021
Charge for year		 7,074
846
At 31st March 2022 7,920
NET BOOK VALUE
At 31st March 2022 4,797
At 31st March 2021 5,643
FIXEDASSET INVESTMENTS
2022 2021
f
Shares
Other		 9,726,612
100,156		 9,239,968
12,510
9,826,768 9,252,478

Additional
information
as follows:
CCLA Minority
Listed interests
Investments
f		 share
f		 Totals
F
NIARKET VALUE
At 1stApril 2021
Additions
Disposals
Revaluations		 10,182,681
1,893
(300,000)
866.464		 (942,713)
~8),7)3)		 9,239,968
1,893
(300,000)
784,751
At 31st March 2022 10 781 038 ~1,024 426) 9,726,612
NET BOOK VALUE
At 31st March 2022
At 31st March 2021 11).182681 ~942.7)3) 9,239,988

Investments (neither listed nor unlisted)
were as follo		 ws:
2022 2021
F 6
Sandhurst
CCLA cash		 pool cash deposits
deposits		 100,156 1,892
10,618
100,156 12,510

2022 2021
6
Minority
Accrued		 interests
expenses		 - dividends & interest due 76,622
10,170		 48,306
9,899
86,792 58,205

MOVEM ENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
6 6
Unrestricted funds
General fund 9,358,854 515,741 9,874,595
TOTAL FUNDS 9,358,854 515,741 9,874.595

Net mov ement in funds,
includ		 ed
in the a		 bove are as follo ws:
Incoming Resources Gains and Movement
resources
f		 expended losses
f		 in funds
f
Unrestricted funds
General fund 271,885 (540,895) 784,751 515,741
TOTAL FUNDS
Comparatlves for movement in funds
Prior Net
year movement At
At 1.4.20 adjustment
f		 in funds
F		 31.3.21
f
Unrestricted funds
General fund 8,046,408 37,134 1,275,312 9,358,854
TOTAL FUNDS 8,046,408 37,134 1,275,312 9,358,854
Comparative net movement
in fu		 nds, included
in the abov		 e are as follows :
Incoming Resources Gains and Movement
resources
f		 expended
f		 losses in funds
f
Unrestricted funds
General fund 311,333 (490,069) 1,454,048 1,275,312
TOTAL FUNDS
A curren t yea r 12 months
and p		 rior year 12months
combin		 ed
position
is		 as follows:
Prior Net
year movement At
At 1.4.20
f		 adjustment
f		 in funds
F		 31.3.22
f
Unrestricted funds
General fund 8,046,408 37,134 1,791,053 9,874,595
TOTAL FUNDS 8,045.408 37,134 1.791.1153 9,874.595


above are as

follows:
Incoming Resources Gains and Movement
resources expended
E		 losses in funds
f
Unrestricted funds
General fund 583,218 (1,030,964) 2,238,799 1,791,053
TOTAL FUNDS 583,218 (1,030,964) 2~238,799 1,791,053

2022
6		 2021f
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 430
Other trading
activities
Sandhurst
Collection sales		 33 162
Sandhurst
book sales		 490
523 162
Investment
income
Sandhurst
pool invest. income		 74,467
COLA investment
income		 270,915 236,579
Deposit account interest 17 125
270,932 311,171
Total incoming
resources		 271,885 311,333
EXPENDITURE
Investment
management		 costs
Porffolio management (10,628) 8,979
Charitable
activities
Grants to supported
causes		 504,839 461,119
Support costs
Other
Loan write off 28,163
Governance costs
Auditors'
remuneration		 4,770 6,360
Auditors'
remuneration		 for non audit work 5,520 5,454
Insurance 5,535 5,170
Printing,
stationery
&postage		 2 189
Plant and machinery 847 996
Sage support costs 1,847 1,802
18,521 19,971
Total resources expended 540,895 490,069
Net expenditure
before		 gains and losses (269,010) (178,736)

2022 2021
E
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments 450,840
Net (expenditure)/income ~269,010) 272,104