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||Page|
|---|---|
|Chairman's<br>Report||
|Our Objectives and Activities||
|Achievements<br>and Performance||
|Financial<br>Review||
|Structure, Governance<br>and Management||
|Legal and Administrative<br>Details||
|Statement ofTrustees Responsibilities|10|
|Independent<br>Examiner's<br>Report||
|Statement of Financial Activities|12|
|Balance Sheet|13|
|Cash Flow Statement|14|
|Notes to the Cash Flow Statement|15|
|Notes tothe Financial Statements|16|
|Detailed Statement of Financial Activities|26|





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|~|The Armed Forces Covenant<br>Fund|Trust||The Hobson<br>Charity|||
|---|---|---|---|---|---|---|
|~|Duncan and Corrine Sinclair|||The Edith Murphy<br>Foundation|||
|~|The Charles Skey Charitable<br>Trust|||The National<br>Lottery Community|Fund||
|~|David and Diane Rasche|||The J and M Britton Charitable|Trust||
|~|The Team Army General Purpose|Fund||ABF The Soldiers' Charity|||
|~|The Royal Air Force Benevolent<br>Fund|||The Alan Boswell Group Charitable||Trust|
|~|The Joseph and Lilian Sully Foundation|||The Peoples Postcode Lottery|||
|~|The Veterans<br>Foundation|||The Alfred<br>Dunhill<br>Foundation|||
|~|The National<br>Golf Club Challenge|||The Royal &Ancient Golf Club|||
|~|The Armed Forces Resilience Fund-The||Corra|Foundation|||





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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total|
|||||||fund|funds|
||||||Notes|||
|INCOME|AND ENDOWMENTS|||FROM||||
|Donations|and legacies|||||526,223|424,930|
|investment|income|||||5,561|490|
|Total||||||520,662|425,420|
|EXPENDITURE ON||||||||
|Raising funds||||||11,492|6,972|
|Charitable|activities|||||||
|Golf skills|and employment||training|||409,140|312,082|
|Other||||||122,596|151,121|
|Total||||||543,228|470,175|
|NET INCOME/(EXPENDITURE)||||||(22,566)|(44,755)|
|RECONCILIATION||OF|FUNDS|||||
|Total funds brought||forward||||427,945|472,700|
|TOTAL FUNDS CARRIED FORWARD||||||405379|427,945|





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|||2022|2021|
|---|---|---|---|
|||Total|Total|
|||funds|funds|
||Notes|||
|FIXEDASSETS||||
|Social investments|14|241,478||
|CURRENT ASSETS||||
|Debtors|15|36,143|12,405|
|Cash at bank and in hand||~241<br>02|566969|
|||277,525|579,374|
|CREDITORS||||
|Amounts<br>falling due within one year|16|(113,624)|(151,429)|
|NET CURRENT ASSETS||163901|427.945|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||405479|427.945|
|NET ASSETS||405 379|427,945|
|FUNDS||||
|Unrestricted<br>funds||405379|427,945|
|TOTAL FUNDS||405379|427,945|





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||||2022|2021|
|---|---|---|---|---|
|||Notes|||
|Cash flows from operating<br>activities<br>Cash generated<br>from operations|||@78,548)|11,096|
|Net cash (used in)/provided|by operating|activities|~78,548)|11,096|
|Cash flows from investing|activities||||
|Purchase ofsocial investments|||(250,000)||
|Interest received|||2,961|490|
|Net cash (used in)/provided|by investing|activities|~247,039)|490|
|Change<br>in cash and cash <br>the reporting<br>period|equivalents|in|(325,587)|11,586|
|Cash and cash equivalents<br>beginning<br>ofthe reporting|at the<br>period||566,969|555,383|
|Cash and cash equivalents<br>the reporting<br>period|at the end|of|241+82|566,969|





|RECONCILIATION|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING||
|---|---|---|---|---|---|
|ACTIVITIES||||||
|||||2022|2021|
|Net expenditure<br>for the reporting|||period (as per the Statement of|||
|Financial Activities)||||(14,044)|(44,755)|
|Adjustments<br>for:||||||
|Interest received||||(2,961)|(490)|
|(Increase)/decrease<br>in|debtors|||(23,738)|18,041|
|(Decrease)/increase<br>in|creditors|||~37,885|38,300|
|Net cash (used in)/provided||by operations||~78,5487|11,096|



|ANALYSIS OF CHANGES<br>IN NET FUND|S|||
|---|---|---|---|
||At 1.4.21|Cash flow|At 31.3.22|
|Net cash||||
|Cash at bank and in hand|566,969|~325,587|241+82|
||566,969|~325,587|241,382|
|Total|566,969|~325,587|241/82|





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|3.|DONATIONS<br>AND LEGACIES|DONATIONS<br>AND LEGACIES|DONATIONS<br>AND LEGACIES|||
|---|---|---|---|---|---|
|||||2022|2021|
||Donations|||521,272|416,243|
||Gift aid|||4,951|8,687|
|||||526,223|424,930|
|4.|INVESTMENT INCOME|||||
|||||2022|2021|
||Deposit account interest|||2,961|490|
||Change<br>in market value of||investments|L88522||
|||||(5,561)|490|
|5.|RAISING FUNDS|||||
||Raising donations|and legacies||2022|2021|
||Fundraising<br>costs|||11,492|6,972|
|6.|CHARITABLE ACTIVITIES COSTS|||||
||Golf skills and employment||training||359,640|
|7.|DIRECT COSTS|OF CHARITABLE ACTIVITIES||||
|||||2022|2021|
||Delivery costs<br>Staging costs|||261,504<br>98,136|255,623<br>43,259|
|||||359,640|298,882|





|8.|SUPPORT COSTS|SUPPORT COSTS||||||
|---|---|---|---|---|---|---|---|
|||||||Governance||
||||||Management|costs|Totals|
||Golf skills and employment|||training|167,896|4,200|172,096|
||Support costs, included||in the above, are as follows:|||||
||Management|||||||
|||||||2022|2021|
|||||||Total|Total|
|||||||activities|activities|
||Salaries &management|||||103,500|84,000|
||Pensions|||||4,620|4,620|
||Other operating<br>Rates and water|leases||||37,980<br>5,231|37,980<br>5,853|
||Insurance|||||3,895|3,470|
||Light and heat<br>Telephone<br>Postage and stationery<br>Advertising|||||1+32<br>2,815<br>1/62|1,456<br>2,923<br>1,154<br>258|
||Sundries|||||445|340|
||Car parking<br>Subsistence|||||654<br>391|275<br>76|
||Clothing<br>Computer<br>costs <br>Bookkeeping<br>Cleaning|&website||||(7,492)<br>4,984<br>6/85<br>1,800|3,945<br>5,045<br>5,899<br>2,200|
||Subscriptions<br>Foreign exchange difference|||||108<br>~14)|125<br>494|
|||||||167,896|160,113|





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|8.|SUPPORT COSTS-continued|SUPPORT COSTS-continued|SUPPORT COSTS-continued|||||
|---|---|---|---|---|---|---|---|
||Finance|||||||
|||||||2022|2021|
|||||||Total|Total|
|||||||activities|activities|
||Bank charges||||||8|
||Governance|costs||||||
|||||||2022|2021|
|||||||Other||
|||||||resources|Total|
|||||||expended|activities|
||Independent|examiner's|fee|||4,200|4,200|
|9.|NET INCOME/(EXPENDITURE)|||||||
||Net income/(expenditure)||is stated|after charging/(crediting):||||
|||||||2022|2021|
||Other operating<br>leases<br>Independent<br>examiner||- independent|examination||37,980<br>1,400|37,980<br>1,400|
||Independent|examiner|- preparation|offinancial|statements|2,800|2,800|



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|STAFF COSTS|||||
|---|---|---|---|---|
||||2022|2021|
|Wages and salaries<br>Social security costs|||281,500<br>29,204|278,800<br>24,823|
|Other pension costs|||4,620|4,620|
||||315,624|308,243|
|The average<br>monthly|number ofemployees|during the year was as follows:|||
||||2022|2021|
|Staff|||4|4|
|Others|||5|4|





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||||||Unrestricted|
|---|---|---|---|---|---|
||||||fund|
|INCOME <br>Donations|AND ENDOWMENTS<br>and legacies|||FROM|424,930|
|Investment|income||||490|
|Total|||||425,420|
|EXPENDITURE ON||||||
|Raising funds|||||6,972|
|Charitable|activities|||||
|Golf skills|and employment||training||312,082|
|Other|||||151,121|
|Total|||||470,175|
|NET INCOME/(EXPENDITURE)|||||(44,755)|
|RECONCILIATION||OF|FUNDS|||
|Total funds brought||forward|||472,700|
|TOTAL|FUNDS CARRIED FORWARD||||427,945|





|13.|TANGIBLE FIXEDASSETS|||
|---|---|---|---|
||||Office|
||||Equipment|
||COST|||
||At<br>1 April 2021 and 31 March 2022||42,854|
||DEPRECIATION|||
||At<br>1 April 2021 and 31 March 2022||42,854|
||NET BOOK VALUE|||
||At 31 March 2022|||
||At 31 March 2021|||
|14.|SOCIAL INVESTMENTS|||
||||Other|
||||investments|
||MARKET VALUE<br>Additions<br>Change<br>in market value||250,000<br>~8,522)|
||NET BOOK VALUE|||
||At 31 March 2022||241,478|
||At 31 March 2021|||
|15.|DEBTORS|||
|||2022|2021|
||Amounts<br>falling due within one year:<br>Other debtors|427|427|
||Prepayments|31,716|7,978|
|||32,143|8,405|
||Amounts<br>falling due aAer more than one year:<br>Other debtors|4,000|4,000|
||Aggregate<br>amounts|36,143|12,405|





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|Deferred|Income|||2022|2021|
|---|---|---|---|---|---|
|Balance <br>Amounts|brought<br>released|forward<br> to incoming|resources|137,107<br>-137,107|96,250<br>-96,250|
|Amounts|deferred|in the year||93,977|137,107|
|Balance|carried forward|||93,977|137,107|



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||Minimum<br>leas||e payments<br>under n|on-cancellable<br>operating<br>leases|fall due as follo|ws:||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||Within one year|||||37,980|37,980|
|18.|MOVEMENT||IN FUNDS|||||
|||||||Net||
|||||||movement|At|
||||||At 1.4.21|in funds|31.3.22|
||Unrestricted|funds||||||
||General<br>fund||||427,945|(22,566)|405479|
||TOTAL FUNDS||||427,945|~22,566)|405479|
||Net movement||in funds, included|in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||Unrestricted||funds|||||
||General<br>fund||||520,662|(543,228)|(22,566)|
||TOTAL FUNDS||||520,662|L543,220)|~22,566)|





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|Compara|tives|for movement<br>in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.20|in funds|31.3.21|
|Unrestricted||funds||||
|General|fund||472,700|(44,755)|427,945|
|TOTAL|FUNDS||472,700|~44,755)|427,945|



|Comparat|ive|net movement<br>in funds, include|d<br>in the above are as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General|fund||425,420|(470,175)|(44,755)|
|TOTAL|FUNDS||425,420|~470,175)|~44,755)|



|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.4.20|in funds|31.3.22|
|Unrestricted||funds||||
|General|fund||472,700|(58,799)|405,379|
|TOTAL|FUNDS||472,700|~58,799)|405,379|



|as follow|s:|||||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General|fund||946,082|(1,013,403)|(67,321)|
|TOTAL|FUNDS||946,082|11,013,403)|f67,321)|





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||2022|2021|
|---|---|---|
|INCOME AND ENDOWMENTS|||
|Donations<br>and legacies<br>Donations<br>GiA aid|521,272<br>)4951|416,243<br>8,687|
||526,223|424,930|
|Investment<br>income<br>Deposit account interest<br>Change<br>in market value ofinvestment|2,961<br>~8522)|490|
|Total incoming<br>resources|520,662|425,420|
|EXPENDITURE|||
|Raising donations<br>and legacies<br>Fundraising<br>costs|11,492|6,972|
|Charitable<br>activities<br>Delivery costs<br>Social security<br>Staging costs|232400<br>29,204<br>98,136|230,800<br>24,823<br>43,259|
||359,640|298,882|
|Support costs|||
|Management<br>Salaries & management<br>Pensions<br>Office rent<br>Rates and water<br>Insurance<br>Light and heat<br>Telephone<br>Postage and stationery|103,500<br>4,620<br>37,980<br>5,231<br>3,895<br>1/32<br>2,815<br>1,262|84,000<br>4,620<br>37,980<br>5,853<br>3,470<br>1,456<br>2,923<br>1,154<br>258|
|Advertising<br>Sundries<br>Car parking<br>Subsistence<br>Clothing<br>Computer costs & website<br>Bookkeeping<br>Cleaning<br>Subscription<br>s<br>Foreign exchange difference|445<br>654<br>391<br>(7,492)<br>4,984<br>6/85<br>1,800<br>108<br>~14)|340<br>275<br>76<br>3,945<br>5,045<br>5,899<br>2,200<br>125<br>494|
||167,896|160,113|





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||||2022|202l|
|---|---|---|---|---|
|Management|||||
|Finance|||||
|Bank charges|||||
|Governance|costs||||
|Independent|examiner's|fee|4,200|4,200|
|Total resources|expended||543,228|470,175|
|Net expenditure|||~22,566)|~44,755)|