2022-01-31-accounts - Greenwich Gurkha Ex-Servicemen Association

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		Pages
Trustees' Annual Report		2to3
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Statement of Cash flows		13
Notes to the Accounts		6to 12
Detailed Statement of Financial Activities		14

for the year ended 31January	2022
		Unrestricted
		funds	Total funds	Total funds
		2022	2022	2021
	Notes	E	E	E
Income and endowments
from:
Donations and legacies		54,717	54,717	55,197
Other				158
Total		54,717	54,717	55,355
Expenditure on:
Charitable activities		47,700	47,700	48,415
Other		8,773	8,773	3,554
Total		56,473	56,473	51,969
Net gains on investments
Net (expenditure)/income		(1,756)	(1,756)	3,386
Transfers between funds
Net (expenditure)/income before other gains/(losses)		(1,756)	(1,756)	3,386
Other gains and losses
Net movement in funds		(1,756)	(1,756)	3,386
Reconciliation offunds:
Total funds brought forward		44,880	44,880	41,494
Total funds carried forward		43,124	43,124	44,880

GREENWICH GURKHA Balance Sheet at 31January 2022	GREENWICH GURKHA Balance Sheet at 31January 2022	EX	-SERVICEMEN ASSOCIATION
Charity No. 1145910					2022	2021
					E	E
Fixed assets
Tangible assets				11	183	229
					183	229
Current assets
Cash at bank and in hand					45,050	46,346
					45,050	46,346
Creditors: Amount	falling		due within one year	12	(2,109)	(1,695)
Net current assets					42,941	44,651
Total assets less current			liabilities		43,124	44,880
Net assets excluding		pension asset or liability			43,124	44,880
Total net assets					43,124	44,880
The funds ofthe charity
Restricted funds				13
Unrestricted funds				13
General funds					43,124	44,880
					43,124	44,880
Reserves				13
Total funds					43,124	44,880
Approved by the trustees			on 31January 2022

Change in	basis ofaccounting orto previous accounts	basis ofaccounting orto previous accounts
There has	been no	change to the accounting policies (valuation rules and method ofaccounting)					since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds		These are available for use at the discretion ofthe trustees			in furtherance		of	the
		general objects ofthe charity.
Designated	funds	These are unrestricted funds earmarked by the trustees	for particular			purposes.
Revaluation	funds	These are unrestricted funds which include a revaluation		reserve representing					the
		restatement of investment assets at their market values.
Restricted	funds	These are available for use subject to restrictions imposed			by the donor or		through
		terms ofan appeal.
Income
Recognition of		Income is included in the Statement of Financial Activities			(SoFA) when	the	charity
income		becomes entitled to, and virtually certain to receive, the	income and the amount
		ofthe income can be measured with sufficient reliability.
Income with related		Where income has related expenditure the income and	related expenditure					is
expenditure		reported gross in the SoFA.
Donations	and	Voluntary income received by way of grants, donations	and gifts is included				in		the
legacies		the SoFA when receivable and only when the Charity has		unconditional
		entitlement tothe income.
Tax reclaims on		Income from tax reclaims is included in the SoFA at the same time as the
donations	and gifts	gift/donation to which it relates.
Donated services		These are only included in income (with an equivalent amount in expenditure)
and facilities		where the benefit to the Charity is reasonably quantifiable,			measurable	and
		material.
Volunteer	help	The value of any volunteer help received is not included	in		the accounts.
Investment	income	This is included in the accounts when receivable.
Gains/(losses) on		This includes any gain or loss resulting from revaluing investments to market						value
revaluation	offixed	at the end ofthe year.
assets
Gains/(losses) on		This includes any gain or loss on the sale of investments.
investment	assets

s tothe Acc	ounts
Expenditure
Recognition	of	Expenditure is recognised on an accruals basis. Expenditure includes			any VAT
expenditure		which cannot be fully recovered, and	is reported as part ofthe expenditure to
		which it relates.
Expenditure	on	These comprise the costs associated	with attracting	voluntary income, fundraising
raising funds		trading costs and investment management costs.
Expenditure	on	These comprise the costs incurred by	the Charity in the delivery of its		activities and
charitable activities		services in the furtherance ofits objects, including		the making ofgrants and
		governance costs.
Grants payable		All grant expenditure is accounted for on an actual		paid basis plus an	accrual for
		grants that have been approved by the trustees at the end ofthe year but not yet
		paid.
Governance	costs	These include those costs associated	with meeting	the constitutional	and statutory
		requirements ofthe Charity, including	any audit/independent examination fees,
		costs linked to the strategic management ofthe Charity, together with a share of
		other administration costs.
Other expenditure		These are support costs not allocated	to a particular	activity.

2	Statemen	t	of F	inancial	Activities - prior year
							Unrestricted
							funds	Total funds
							2021	2021
Income and endowments					from:
	Donations		and	legacies			55,197	55,197
	Other						158	158
Total							55,355	55,355
Expenditure		on:
	Charitable		activities				48,415	48,415
	Other						3,554	3,554
Total							51,969	51,969
Net	income						3,386	3,386
Net income before gains/(losses)				other			3,386	3,386
Other gains and losses:
Net	movement		in funds				3,386	3,386
Reconciliation			offunds:
Total funds brought				forward			41,494	41,494
Total funds carried				forward			44,880	44,880
3	Income from donations				and legacies
						Unrestricted	Total	Total
							2022	2021
							E	E
	Donations					54,717	54,717	55,197
						54,717	54,717	55,197
4	Other income
							Total	Total
							2022	2021
	Other Income							158
								158

5	Expenditure	on charita	ble	activities
							Unrestricted	Total	Total
								2022	2021
	Expenditure	on charitable
	activities
							47,700	47,700	48,415
	Governance	costs
							47,700	47,700	48,415
6	Other expenditure
							Unrestricted	Total	Total
								2022	2021
							E
	Employee costs						8,351	8,351
	Motor and travel costs								637
	Premises costs								2,500
	Amortisation,	depreciation,
	impairment,	profit/loss	on				46	46	57
	disposal offixed assets
	General administrative		costs				16	16
	Legal and professional		costs				360	360	360
							8,773	8,773	3,554
7	Net (expenditure)/income			before transfers
							2022		2021
	This is stated	after charging:					E		E
	Depreciation	ofowned	fixed assets				46		57
8	Staff costs
							2022		2021
	Salaries and	wages					8,320
	Pension costs						31
							8,351
	No employee	received	emoluments		in	excess ofE60,000.
9	Trustee Remuneration		and	Expenses
	No trustee received any remuneration					or expenses during	the year.

	Cost or revaluation	Cost or revaluation	Cost or revaluation
	At 1February		2021				1,742	1,742
	At 31January		2022				1,742	1,742
	Depreciation		and
	impairment
	At 1February		2021				1,513	1,513
	Depreciation		charge for the				46	46
	year
	At 31January		2022				1,559	1,559
	Net book values
	At 31January		2022				183	183
	At 31January		2021				229	229
12	Creditors:
	amounts falling due within one			year
						2022		2021
						E		F.
	Other taxes	and social security				54
	Other creditors					975		975
	Accruals					1,080		720
						2,109		1,695
13	Movement	in	funds
						Incoming
						resources		At 31
					At 1 February	(including other	Resources expended	January 2022
					2021	gains/losses)
						E
	Restricted funds:
	Unrestricted	funds:
	General funds				44,880	54,717	(56,473)	43,124
	Total funds				44,880	54,717	(56,473)	43,124
14	Analysis ofnet assets between			funds
							Unrestricted
								Total
							funds
							E	E
	Fixed assets						183	183
	Net current	assets					42,941	42,941
							43,124	43,124

								At 31
				At	1	February		January
						2021	Cash flows	2022
						E	E	E
Cash	and	cash	equivalents			46,346	(1,296)	45,050
						46,346	(1,296)	45,050
Net	debt					46,346	(1,296)	45,050

		2022	2021
		E	E
Cash flows from operating activities
Net (expenditure)/income per Statement	of Financial Activities	(1,756)	3,386
Adjustments for:
Depreciation of property, plant and equipment		46	57
Increase in trade and other payables		414	360
Net cash (used in)/provided by operating	activities	(1,296)	3,645
Net cash from investing activities			158
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents		(1,296)	3,803
Cash and cash equivalents at the beginning	ofthe year	46,346	42,543
Cash and cash equivalents at the end ofthe year		45,050	46,346
Components ofcash and cash equivalents
Cash and bank balances		45,050	46,346
		45,050	46,346

for the year ended	31	Ia	nuary 2022
				Unrestricted
				funds	Total funds	Total funds
				2022	2022	2021
				E	E	E
Income and endowments			from:
Donations and legacies
				54,717	54,717	55,197
				54,717	54,717	55,197
Other
						158
						158
Total income and endowments				54,717	54,717	55,355
Expenditure on:
Charitable activities
				47,700	47,700	48,415
				47,700	47,700	48,415
Total of expenditure activities	on		charitable	47,700	47,700	48,415
Employee costs
Salaries/wages				8,320	8,320
Pension costs				31	31
				8,351	8,351
Travel and subsistence						637
						637
Rent						2,500
						2,500
General administrative			costs,
including depreciation		and
amortisation
Depreciation of				46	46	57
Bank charges				16	16
				62	62	57
Legal and professional		costs
Audit/Independent		examination		360	360	360
fees
				360	360	360
Total ofexpenditure	ofother costs			8,773	8,773	3,554
Total expenditure				56,473	56,473	51,969
Net gains on investments
Net (expenditure)/income				(1,756)	(1,756)	3,386

Net (expenditure)/income other gains/(losses)	(1,756)	(1,756)	3,386
Other Gains
Net movement in funds	(1,756)	(1,756)	3,386
Reconciliation offunds:
Total funds brought forward	44,880	44,880	41,494
Total funds carried forward	43,124	43,124	44,880