| Page | ||||
|---|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | |||
| Trustees' Report | ||||
| Independent | Auditors' | Report | on the Financial Statements | 11-14 |
| Consolidated | Statement of Financial Activities | |||
| Consolidated | Balance | Sheet | 16 | |
| Charity Balance Sheet | 17 | |||
| Consolidated | Statement ofCash Flows | 18 | ||
| Notes to the | Financial | Statements | 19-39 |
| Trustees | R/Admiral M G Wood CBE,DL, |
R/Admiral M G Wood CBE,DL, |
R/Admiral M G Wood CBE,DL, |
Chairman | Chairman | |||
|---|---|---|---|---|---|---|---|---|
| Mrs SAdkins | ||||||||
| Mr R Baldry | ||||||||
| Mr A Camp | ||||||||
| Mr I Douglas |
||||||||
| LtCdr Rebecca | French RN | (appointed | 15February 2021) | |||||
| Lt Cdr Claire Lees RN (appointed | 19 | February 2021) | ||||||
| Mr M Dukes | ||||||||
| Warrant Officer |
First Class | Paul | Todd | (appointed | 15April 2021) | |||
| Major Steve Cox RM (appointed | 2 July 2020) | |||||||
| Commander J Sheriff MBE | (resigned | 10December 2020) | ||||||
| Warrant Officer |
G Hannah (resigned |
14April 2021) | ||||||
| Mr C Green (resigned 30October 2020) | ||||||||
| Major T Smith RM (resigned | 31 | July 2020) | ||||||
| Company | registered | |||||||
| number | 07100967 | |||||||
| Charity registered | ||||||||
| number | 1135918 | |||||||
| Chief executive officer | Mr G C Hannah | (appointed | wef 15April 2021) | |||||
| Mr A Sharpe MBE (Resigned as | Chief Executive | wef 15Apr 2021) | ||||||
| Independent | auditors | Bishop Fleming | LLP | |||||
| Chartered Accountants |
||||||||
| Salt Quay House | ||||||||
| 4 North East Quay | ||||||||
| Sutton Harbour | ||||||||
| Plymouth | ||||||||
| PL4 OBN | ||||||||
| Bankers | HSBC | |||||||
| Forder House | ||||||||
| 20 William Prance Road | ||||||||
| Plymouth | ||||||||
| Devon | ||||||||
| PL6 SWR | ||||||||
| Solicitors | Womble Bond Dickinson | |||||||
| Ballard House | ||||||||
| West Hoe Road | ||||||||
| Plymouth | ||||||||
| Devon | ||||||||
| PL1 3AE |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Note | 6 | 6 | f: | ||
| Income from: | |||||
| Donations snd legacies |
50,125 | 50,125 | |||
| Charitable activities |
424,866 | 780,370 | 1,205,236 | 896,578 | |
| Other trading activities |
2,003,677 | 2,003,677 | 3,375,446 | ||
| Investments | 50,271 | 50,271 | 32,497 | ||
| Total income | 2,528,939 | 780,370 | 3,309,309 | 4,304,521 | |
| Expenditure on: |
|||||
| Raising funds | 3,160,933 | 3,160,933 | 3,163,957 | ||
| Charitable activities |
7 | 29,720 | 790,162 | 819,882 | 1,292,777 |
| Totalexpenditure | 3,190,653 | 790,162 | 3,980,815 | 4,456,734 | |
| Net expenditure before net gains on investments |
(661,714) | (9,792) | (6'71,506) | (152,213) | |
| Net gains on investments | 110,877 | 110,877 | 66,010 | ||
| Net movement in funds before other |
|||||
| recognised gains |
(550,837) | (9,792) | (560,629) | (86,203) | |
| Net movement in funds |
(550,837) | (9,792) | (560,629) | (86,203) | |
| Reconciliation offunds: |
|||||
| Total funds brought forward | 8,946,191 | 209,911 | 9,156,102 | 9,242,305 | |
| Net movement in funds |
(550,837) | (9,792) | (560,629) | (86,203) | |
| Total funds carried forward | 8,395,354 | 200,119 | 8,595,473 | 9,156,102 |
| Note | 2021 8 |
2020f | ||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible assets | 12 | 8,963,347 | 9,063,971 | |||
| Investments | 13 | 827,594 | 1,083,327 | |||
| 9,790,941 | 10,147,298 | |||||
| Current assets | ||||||
| Stocks | 14 | 94,198 | 97,652 | |||
| Debtors | 15 | 96,662 | 83,052 | |||
| Cash at bank and | in hand | 662,937 | 692,608 | |||
| 853,797 | 873,312 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 16 | (1,170,841) | (843,954) | |||
| Net current (liabilities) Iassets | (317,044) | 29,358 | ||||
| Total assets less | current liabilities | 9,473,897 | 10,176,656 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 17 | (878,424) | (1,020,554) | |||
| Total net assets | 8,595,473 | 9,156,102 | ||||
| Charity funds | ||||||
| Restricted funds | 18 | 200,119 | 209,911 | |||
| Unrestricted funds |
18 | 8„395,354 | 8,946,191 | |||
| Total funds | 8,595,473 | 9,156,102 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 5 | ||||||
| Fixed assets | |||||||
| Tangible assets | 12 | 8,963,347 | 9,063,971 | ||||
| Investments | 13 | 828,594 | 1,084,327 | ||||
| 9,791,941 | 10,148,298 | ||||||
| Current assets | |||||||
| Debtors | 15 | 17,881 | 124,780 | ||||
| Cash at bank and | in hand | 358,329 | 71,368 | ||||
| 376,210 | 196,148 | ||||||
| Creditors: amounts | falling | due within one | |||||
| year | 16 | (776,532) | (716,711) | ||||
| Net current (liabilities) | (400,322) | (520,563) | |||||
| Total assets less | current | liabilities | 9,391,619 | 9,627,735 | |||
| Creditors: amounts | falling | due after more | |||||
| than one year | 17 | (463,525) | (495,798) | ||||
| Total net assets | 8,928,094 | 9,131,937 | |||||
| Charity funds | |||||||
| Restricted funds | 18 | 200,119 | 209,911 | ||||
| Unrestricted funds |
18 | 8,727,975 | 8,922,026 | ||||
| Total funds | 8,928,094 | 9,131,937 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Nots | 5 | |||
| Cash flows from operating activities |
||||
| Net cash used in operating activities |
21 | (22,459) | 39,884 | |
| Cash flows from investing activities |
||||
| Purchase oftangible fixed assets |
(167,846) | (345,751) | ||
| Proceeds from sale of investments | 362,723 | 69,884 | ||
| Net cash provided by/(used in) investing |
activities | 194,877 | (275,867) | |
| Cash flows from financing activities |
||||
| Cash inflows from new borrowing | 500,000 | |||
| Repayments of borrowing |
(37,432) | (63,525) | ||
| Net cash (used In)/provided by financing |
activities | (37,432) | 436,475 | |
| Change in cash and cash equivalents in |
the year | 134,986 | 200,492 | |
| Cash and cash equivalents at the beginning |
ofthe year | 692,608 | 492,116 | |
| Cash and cash equivalents at the end of |
the year | 22 | 827,594 | 692,608 |
| The notes on pages 19to 39form part ofthese financial statements |
| Depreciation is provided |
on the following bases: | on the following bases: | |||
|---|---|---|---|---|---|
| Freehold property |
- Building element: 4%straight | line, land not | |||
| depreciated | |||||
| Motor vehicles, tractors & | - 20% straight | line | |||
| mowers | |||||
| Equipment and furnishings |
- 15%-33%straight | line | |||
| Timeshares | - 2%straight | line/over | the term | ofthe ownership |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2021 | 2021 | 2020 |
| 8 | 8 | |
| 50,125 | 50,125 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| 8 | 6 | 6 | ||
| Direct charitable | income from beneficiaries | 424,866 | 424,866 | |
| COVID Relief grants | 780,370 | 780,370 | ||
| TOTAL 2021 | 424,866 | 780,370 | 1,205,236 | |
| Unrestricted | Total | |||
| funds | funds | |||
| 2020 | 2020 | |||
| Direct charitable | income from beneficiaries | 896,578 | 896,578 |
| Investment | income |
|---|---|
| Investment | income |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021 | 2021 |
| 6 | 6 |
| 50,271 | 50,271 |
| Unrestdicted | Total |
|---|---|
| funds | funds |
| 2020 | 2020 |
| 6 | 6 |
| 32,497 | 32,497 |
| Unrestricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2021 | 2021 | 2021 | |||||
| 8 | 6 | 6 | |||||
| Direct | charitable | cost | for | beneficiaries | 29,720 | 790,162 | 819,882 |
| Unrestricted | Restricted | Total |
|---|---|---|
| funds | funds | funds |
| 2020 | 2020 | 2020 |
| 6 | ||
| 1,279,961 | 12,616 | 1,292,777 |
| Activities | |
|---|---|
| undertaken | Total |
| directly | funds |
| 2021 | 2021 |
| 8 | 6 |
| 819,862 | 819,882 |
| Activities | |
|---|---|
| undertaken | Total |
| directly | funds |
| 2020 | 2020 |
| 6 | |
| 1,292,777 | 1,292,777 |
| Direct | |||
|---|---|---|---|
| charitable | Total | ||
| income | funds | ||
| 2021 | 2021 | ||
| 8 | 8 | ||
| Staff costs | 264,521 | 284,521 | |
| Depreciation | 268,256 | 268,256 | |
| Other operating | charges | 261,337 | 261,337 |
| Governance costs | 5,768 | 5,768 | |
| 819,862 | 819,882 |
| ANALYSIS | OF | DIRECT COSTS (continued) | ||
|---|---|---|---|---|
| Direct | ||||
| charitable | Total | |||
| income | funds | |||
| 2020 | 2020f | |||
| Staff costs | 521,252 | 521,252 | ||
| Depreciation | 265,559 | 266,559 | ||
| Other operating | charges | 487,984 | 487,984 | |
| Governance | costs | 16,982 | 16,982 | |
| 1,292,777 | 1,292,777 |
| NET INC | OME/(EXPEND | ITURE) | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 8 | F | |||
| Depreciation oftangible |
fixed assets - owned | 268,256 | 266,559 | |
| Auditor's | remuneration | -audit | 5,100 | 5,000 |
| Auditors' | remuneration | -other services | 7,475 | 7,250 |
| Operating | lease rentals | 141,787 | 80,155 | |
| 422,618 | 358,964 |
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||
| 8 | 8 | ||||
| Wages | and salaries | 2,081,763 | 1,955,871 | 260,087 | 454,062 |
| Social | security costs | 137,678 | 155,070 | 18,347 | 56,449 |
| Other | pension costs | 42,169 | 44,778 | 6,087 | 10,741 |
| 2,261,610 | 2,155,719 | 284,521 | 521,252 |
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||
| No. | No. | No. | No. | ||
| Apartments | 16 | 20 | |||
| Golf | 16 | 15 | |||
| Leisure | 65 | 74 | |||
| Food and beverage | 47 | 60 | |||
| Administration | and establishment | 42 | 45 | ||
| 186 | 214 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| No. | No. | No. | No. | |
| Total | 86 | 101 |
| Group | Group |
|---|---|
| 2021 | 2020 |
| No. | No. |
| Freehold | Motor | Fixtures and | |||
|---|---|---|---|---|---|
| property 5 |
vehicles 6 |
fittings 5 |
Tlmeshares 6 |
Total 5 |
|
| COST OR VALUATION | |||||
| At1 June2020 | 8,792,868 | 138,570 | 2,027,543 | 21,210 | 10,980,191 |
| Additions | 135,675 | 32,170 | 167,845 | ||
| Disposals | (29,001) | (29,001) | |||
| At 31 May 2021 | 8,928,543 | 138,570 | 2,030,712 | 21,210 | 11,119,035 |
| DEPRECIATION | |||||
| At 1 June 2020 | 438,657 | 138,470 | 1,326,357 | 12,726 | 1,916,220 |
| Charge for the year | 127,378 | 76 | 140,464 | 339 | 258,257 |
| On disposals | (28,789) | (28,789) | |||
| At 31 May 2021 | 566,045 | 138,546 | 1,438,032 | 13,065 | 2,155,688 |
| NET BOOK VALUE | |||||
| At 31 May 2021 | 8,362,498 | 24 | 592,680 | 8,145 | 8,963,347 |
| At 31 May 2020 | 8,354,201 | 100 | 701,186 | 8,484 | 9,053,971 |
| Listed | |||
|---|---|---|---|
| investments | |||
| GROUP | 6 | ||
| COST OR VALUATION | |||
| At1 June2020 | 1,083,327 | ||
| Additions | 36,422 | ||
| Disposals | (400,094) | ||
| Revaluations | 107,939 | ||
| AT 31 MAY 2021 | 827,594 | ||
| NET BOOK VALUE | |||
| AT 31 MAY 2021 | 827,594 | ||
| AT 31 MAY 2020 | 1,083,327 | ||
| Investments | |||
| In | |||
| subsidiary | Listed | ||
| companies | Investments | Total | |
| CHARITY | 6 | 6 | 6 |
| COST OR VALUATION | |||
| At 1 June 2020 | 1,000 | 1,083,327 | 1,084,327 |
| Additions | 36,422 | 36,422 | |
| Oisposals | (400,094) | (400,094) | |
| Revaluations | 107,939 | 107,939 | |
| AT 31 MAY 2021 | 1,000 | 827,594 | 828,594 |
| NET BOOK VALUE | |||
| AT 31 MAY 2021 | 1,000 | 827,594 | 828,594 |
| AT 31 MAY 2020 | 1,000 | 1,083,327 | 1,084,327 |
| Group | Group | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 6 | |||
| Raw materials | and consumables | 8,745 | 22,969 |
| Finished goods | and goods for resale | 85,453 | 74,683 |
| 94,198 | 97,652 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| F | 6 | F | ||
| DUE WITHIN ONE YEAR | ||||
| Trade debtors | 9,511 | 13,031 | ||
| Amounts owed by group undertakings |
112,006 | |||
| Other debtors | 87,151 | 70,021 | 17,881 | 12,774 |
| 96,662 | 83,052 | 17,881 | 124,780 |
| Group | Group | Charity | Charity | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||||
| F | 8 | 5 | |||||
| Bank loans | 180,076 | 75,378 | 70,525 | 66,435 | |||
| Trade creditors | 201,822 | 170,684 | 1,476 | 1,624 | |||
| Amounts | owed to group undertakings | 700,528 | 643,894 | ||||
| Other taxation and | social security | 103,558 | 101,567 | ||||
| Other creditors | 39,692 | 39,357 | |||||
| Accruals | snd deferred income |
645,693 | 456,968 | 4,003 | 4,758 | ||
| 1,170,841 | 843,954 | 776,532 | 716,711 | ||||
| Group | Group | ||||||
| 2021 | 2020 | ||||||
| 8 | |||||||
| Deferred | income at 1 June 2020 | 326,694 | 422,192 | ||||
| Resources deferred | during the year | 477,323 | 326,694 | ||||
| Amounts | released | from previous | pedods | (326,694) | (422,192) | ||
| Deferred | income at 31 Nlay 2021 | 477,323 | 326,694 |
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2021 8 |
2020 F |
2021 | 2020f | ||
| Bank | loans | 878,424 | 1,020,554 | 463,525 | 495,798 |
| Group | Group | Charity | Charity | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||||
| 6 | 5 | 6 | ||||||
| Payable | or | repayable | by | instalments | 280,070 | 280,070 | ||
| 280,070 | 280,070 |
| RE THAN | ONE YEAR (C | ONTINUED) | |
|---|---|---|---|
| Group | Group | Charity | Chadity |
| 2021 | 2020 | 2021 | 2020 |
| 5 | F | 8 | E |
| Balance at 1 | Transfers | Gains/ | Balance at | ||||
|---|---|---|---|---|---|---|---|
| June 2020 | Income | Expenditure | in/out | (Losses) | 31 May 2021 | ||
| F | 6 | 6 | 6 | ||||
| UNRESTRICTED | |||||||
| FUNDS | |||||||
| DESIGNATED | |||||||
| FUNDS | |||||||
| Designated | Funds | 1,364,134 | 30,057 | (738,045) | 110,877 | 767,023 | |
| Freehold Property |
7,582,057 | (117,584) | 163,858 | ~ | 7,628,331 | ||
| 8,946,191 | 30,057 | (117,584) | (574,187) | 110,877 | 8,395,354 | ||
| GENERAL | FUNDS | ||||||
| General Funds | 2,498,882 | (3,073,069) | 574,187 | ||||
| TOTAL | |||||||
| UNRESTRICTED | |||||||
| FUNDS | 8,946,191 | 2,528,939 | (3,190,653) | 110,877 | 8,395,354 | ||
| RESTRICTED | |||||||
| FUNDS | |||||||
| LIBOR Grant- | |||||||
| Capital | 40,640 | (3,048) | 37,592 | ||||
| RNRMC Grant- | |||||||
| Capital | 169,271 | (6,744) | 162,527 | ||||
| COVID Relief | |||||||
| Grants | 780,370 | (780,370) | |||||
| 209,911 | 780,370 | (790,162) | 200,119 | ||||
| TOTALOF | |||||||
| FUNDS | 9,156,102 | 3,309,309 | (3,980,815) | 110,877 | 8,595,473 |
| Balance at | Transfers | Gains/ | Balance at | ||||
|---|---|---|---|---|---|---|---|
| 1 June 2019 | Income | Expenditure | in/outf | (Losses) 8 |
31 May 2020 8 |
||
| UNRESTRICTED | |||||||
| FUNDS | |||||||
| DESIGNATED | |||||||
| FUNDS | |||||||
| Designated | Funds | 1,644,786 | 32,497 | (379,159) | 66,010 | 1,364,134 | |
| Freehold Property |
7,317,021 | (94,137) | 359,173 | 7,582,057 | |||
| 8,961,807 | 32,497 | (94,137) | (19,986) | 66,010 | 8,946,191 | ||
| GENERAL | FUNDS | ||||||
| General Funds | 57,771 | 4,272,024 | (4,349,781) | 19,986 | |||
| TOTAL | |||||||
| UNRESTRICTED | |||||||
| FUNDS | 9,019,578 | (4,443,918) | 66,010 | 8,946,191 | |||
| RESTRICTED | |||||||
| FUNDS | |||||||
| LIBORGrant- | |||||||
| Capital | 43,688 | (3,048) | 40,640 | ||||
| RNRMC Grant- | |||||||
| Capital | 179,039 | (9,768) | 169,271 | ||||
| 222,727 | (12,816) | 209,911 | |||||
| TOTAL OF | |||||||
| FUNDS | 9,242,305 | (4,456,734) | 66,010 | 9,156,102 |
| SUMNIARY OF | FUNDS - CURRE | NT YEAR | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | Balance at | |||
| June 2020f | Income 8 |
Expenditure 8 |
In/out 8 |
(Losses) 8 |
31 May 2021 | |
| Designated | ||||||
| funds | 8,946,191 | 30,057 | (117,584) | (574,187) | 110,877 | 8,395,354 |
| General funds | 2,498,882 | (3,073,069) | 574,187 | |||
| Restricted funds | 209,911 | 780,370 | (790,162) | 200,119 | ||
| 9,156,102 | 3,309,309 | (3,980,815) | 110,877 | 8,595,473 | ||
| SUMMARY OF | FUNDS - PRIOR | YEAR | ||||
| Balance at | Transfers | Gains/ | Balance at | |||
| 1 June 2019 8 |
Income E |
Expenditure | in/out | (Losses) f |
31 May 2020 6 |
|
| Designated | ||||||
| funds | 8,961,607 | 32,497 | (94,137) | (19,986) | 66,010 | 8,946,191 |
| General funds | 57,771 | 4,272,024 | (4,349,781) | 19,966 | ||
| Restricted funds | 222,727 | (12,816) | 209,911 | |||
| 9,242,305 | 4,304,521 | (4,456,734) | 66,010 | 9,156,102 |
| ANALYSIS OF NET ASSETS BETWEEN FUND | S - CURRENT YEAR | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| Tangible fixed assets | 8,763,228 | 200,119 | 8,963,347 |
| Fixed asset investments | 827,594 | 827,594 | |
| Current assets | 853,797 | 853,797 | |
| Creditors due within one year | (1,170,841) | (1,170,841) | |
| Creditors due in more than one year | (878,424) | (878,424) | |
| TOTAL | 8,395,354 | 200,119 | 8,595,473 |
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | - PRIOR YEAR | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2020 | 2020 | 2020 | |
| 5 | F | 6 | |
| Tangible fixed assets | 8,854,060 | 209,911 | 9,063,971 |
| Fixed asset investments | 1,083,327 | 1,083,327 | |
| Current assets | 873,312 | 873,312 | |
| Creditors due within one year | (843,954) | (843,954) | |
| Creditors due in more than one year | (1,020,554) | (1,020,554) | |
| TOTAL | 8,946,191 | 209,911 | 9,156,102 |
| Group | Group | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 8 | |||||
| Net expenditure for the year (as per Statement |
of Financial Activities) | (560,629) | (86,203) | ||
| ADJUSTMENTS FOR: | |||||
| Depreciation charges |
268,257 | 266,559 | |||
| Gains on investments | 107,939 | 66,010 | |||
| Dividends, interest and rents from investments |
(50,271) | (31,980) | |||
| Loss/(profit) on the sale offixed assets |
212 | (750) | |||
| Decrease/(increase) | in stocks | 3,454 | (5,879) | ||
| (Increase)/decrease | in debtors | (13,610) | 37,158 | ||
| Increase/(decrease) | in creditors | 222,189 | (205,031) | ||
| NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | (22,459) | 39,884 | |||
| 22. | ANALYSIS OF CASH AND CASH EQUIVALENTS | ||||
| Group | Group | ||||
| 2021 | 2020 | ||||
| 8 | 5 | ||||
| Cashin hend | 827,594 | 692,608 | |||
| TOTAL CASH AND | CASH EQUIVALENTS | 827,594 | 692,608 |
| At 1June | At 31 May | |||
|---|---|---|---|---|
| 2020 | Cash flows | 2021 | ||
| 6 | 8 | 8 | ||
| Cash | at bank and in hand | 692,608 | (29,671) | 662,937 |
| Debt | due within 1 year |
(75,378) | (104,698) | (180,076) |
| Debt | due after 1 year | (1,020,554) | 142,130 | (878,424) |
| (403,324) | 7,761 | (395,563) |
| Group | Group | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 8 | E | |||
| Not later than | 1 year | 141,787 | 151,609 | |
| Later than | 1 year and not later than 5years | 133,435 | 129,358 | |
| 275,222 | 280,967 |
| The following | was a | subsidiary undert |
aking ofthe Charity: |
|||
|---|---|---|---|---|---|---|
| Name | Company | Registered office |
or principal | Holding | ||
| number | place ofbusiness | |||||
| China Fleet | Country | Club Limited | 02527923 | Saltash, Plymouth, | PL126LJ | 10016 |
| The financial | results | ofthe subsidiary | for the year were: | |||
| Name | Income 6 |
Expenditure Loss forthe 6 year 6 |
Net assetsf | |||
| China Fleet | Country | Club Limited | 2,804,247 | (3,161,033) | (356,786) | (331,621) |