Charity Registration No. 1147005
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 PAGES FOR FILING WITH REGISTRAR
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Charity number
1147005
Independent examiner
DSA Prospect Limited The Old Chapel Union Way Witney Oxfordshire OX28 6HD
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 - 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 16 |
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report and financial statements for the year ended 31 March 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
Summary of the objectives of the charity set out in its governing document/constitution.
The promotion of the efficiency of the Special Reconnaissance Regiment ("SRR") and all predecessors thereto (the "Regiment") of the Crown by the provision and support of facilities and activities and fostering of 'esprit de corps' for the efficiency and well-being of service personnel.
The relief of need to past and present members of the Regiment and their dependants by providing such persons with the provision of financial support and welfare projects which they could not otherwise afford through lack of means (the "Beneficiaries").
Summary of the main activities undertaken this year measured against the objectives of the charity:
Achievements:
The SRRA remained focused on providing support and assistance to members of the Regiment and Association during the past year. Despite COVID-19 we have been able to continue to provide this support at time of need and as and when requested.
The insurance requirements of the charity were reviewed and renewed costing £86 0 (including admin fee and
insurance premium tax).
Due to COVID-19 the Association has been unable to carry out any major fund-raising activities. We have however, been proactive in identifying potential new benefactors and opportunities to generate funds to finance our core activities once the current pandemic restrictions have been lifted.
During this period the Association has been able to raise and donate funds towards the creation of a Regimental Museum. The museum is now fully functional and is continuing to source and record the history of the Regiment and its predecessors.
The SRRA Executive Committee has continued to hold its biannual committee meetings; during which they have agreed the current and forecasted activities of the charity as well as discussed and formatted the future direction of the charity.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Performance (Activities) Charity Income of £80,451 a decrease of £331,622 from 2020:
The current COVID-19 pandemic has had a major effect on income and donations. However, despite the restrictions, we have received personal donations totalling £49,315 and Respite Accommodation Voluntary Donations of £975, due mainly to the generosity of our beneficiaries and well-wishers. Our charitable activities raised £1,832 and interest received from investments totalled £709.
The Charity is now registered for Gift Aid and has retrospectively claimed £27,620 from HMRC.
- 1 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Performance (Activities) Charity Expenditure of £83,284 a decrease of £148,068 from 2020:
Raising Funds Projects/Promotional Costs £6,314 (£25,796 FY 19/20). The SRRA continued to invest in promoting the Regiment/Charity with the focus on preparing for activities once COVID-19 restrictions have been lifted. During this period £5,590 was donated towards the Regimental Museum project. Regimental/ SRRA Christmas Cards were also sent to benefactors and friends of the charity (£724).
Staff Costs (Pension) £786 (£239 FY 19/20)
Family Welfare and Respite Accommodation £1,759 (£21,026 FY 19/20). The lower level of spend for this year is due to COVID-19 and the rolling over of bookings which had been cancelled from the previous year. In total the Charity facilitated 7 respite breaks for serving members of the Association and their immediate families during FY 20/21.
Welfare and Benevolence £4,653 (£64,867 FY 19/20). The Charity has continued to provide financial support on a case-by-case basis and at a time of need. This included £1,231 for Health/Hospital visit grants and £99 for soldier welfare. £2,760 was granted to provide mental health support. £513 for Regimental Remembrance activities and £50 on AT/Sports activities.
The Charity has received a repayment of £17,782 from a benevolence grant recipient, who received this sum during financial year 19/20. This sum has been placed in a restricted fund and is ringfenced for use by the original recipient as soon as COVID-19 conditions ease.
Support and Governance Costs £87,554 (£104,154 FY 19/20) . This includes staff costs of £79,499. Support/Income Generation costs £2,000 and Audit/General office running costs £5,996.
Financial review
The SRRA’s bank assets (current and deposit accounts) has remained at roughly the same level from the previous year (£826,315/£829,032), while the value of our investments (shares) has dropped by £20,000.
The majority of funds remain attributable to unrestricted use with 3 specific funds for restricted use.
The charity’s income is reliant on two core strands: benefactors and social fundraising events. The realisation of the predicted effect of the pandemic became only too apparent during this reporting period. COVID lockdowns/restrictions curtailed meeting new potential benefactors in person. It also led to all planned fundraising events being cancelled. Although these two factors had a major impact on our potential income, it also reduced some of our outgoings, including the ability to fund respite breaks and decompression activities. On balance, COVID delivered a more balanced income and expenditure scenario than expected.
Income generated this year totalled £80,451; a reduction of £331,622 from the previous FY. This year the Charity ran at a Net loss (Outgoing) of £2,833. During the financial year our spend on core charitable activities totalled £13,512, a decrease of £87,890 from the previous year.
If difficulties were to arise, it has been calculated that in a worst-case scenario unrestricted income reserves ranging between £250,000.00 - £300,000.00 would be needed to continue operating for at least 12 months. These sums are already secured and held in reserve. This includes designated funds to respond to contingency related bereavement expenses. These are attributed to (but not limited to) funeral expenses, travel, and accommodation in the event of the death of a serving member of the Regiment (whilst in service or otherwise).
- 2 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
A Trustee has been appointed to fill the one vacant position on the Board, and also an Assistant Regimental Secretary has been appointed to support the Regimental Secretary. Both positions will aid the overall capacity to fundraise and help deliver effective management of the Association.
In summary, the Association has so far been able to financially weather the pandemic and remain in a relatively robust position. It is constantly looking to develop new fundraising initiatives, including asking the membership to consider gifting a legacy to the Association in their Wills, and when the financial market is right, identifying safe options to increase the Association’s investment portfolio. As with other charities, we will need to learn to live and work through COVID for the immediate future. With growing public confidence in the COVID vaccine and the easing of restrictions, a measured return to social fundraising should become achievabl e.
Structure, governance and management
Type of governing document
Constitution adopted 8 March 2012 and amended 23 April 2012. Registered as a charity 25 April 2012 known as the Olly Fund. The name of the Charity changed in October 2015 to the Special Reconnaissance Regimental Association.
How the charity is constituted
The Trustees convene meetings biannually to assess future bids for financial support and consider any adjustments required to meet the annual business plan.
In exceptional circumstances, extraordinary expenditure can be authorised by nominated Trustees within specified limits, (as per the Charter and Constitution) when expenditure has not been raised and approved at any such meeting.
Bereavement Expenses
Expenditure from the Fund to provide immediate relief to dependants who are in a 'time of need', hardship or distress because of death of a serving member of the Regiment (whilst in service or otherwise) can be authorised up to £10,000. This can be done by either the Regimental Secretary (Chief Executive) or in his absence two Trustees. Such expenditure may cover costs including, but not limited to funeral expenses, travel and accommodation and any other associated need.
Name of Trustees
This charity has been given a dispensation by the Charity Commission from publishing the name of its Trustees.
Trustee selection methods
The nine trustees consist of three senior serving members of the Regiment (by appointment), five former serving members of the Regiment including the Chair (co-opted), and one Non-Executive Director (co-opted).
Trustees serve an average term of two to five years, depending on their appointment and circumstances. Each newly elected Trustee is comprehensively inducted and briefed on the aims and objectives of the Charity and their responsibilities. They are given a copy of the Charter and Constitution and the Charity Commission ‘The Essential Trustee’ which directs associated supplementary reading. To evidence Trustees’ reading of existing and new guidance from the Charity Commission a document has been created to provide an audit trail, to track and record all Trustees confirming they have read and understood the guidance provided. These documents are a mandatory read for all Executive Committee Members (Trustees) as directed by the SRRA President.
- 3 -
Draft Financial Statements at 16 August 2021 SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION Name of Trustees This charity has been given a dispensation by the Charity Commission from publishing the name of its Truslees. Trustee sèlection methods The nine trustees consist of three senior serving members of the Regifflenl (by appoinlmentl, five former serving members of the Regiment including the Chair Ico-OPted}. and one Non-Execulive Dire¢lor Ico-optedl. Trustees serve an average term of two lo five years, depending on their appointment and circumstances. Each newly elected Trustee is cofflprehensively inducted and briefed on the aims and objectives of the Charity and their responsibilities. They are given a copy of the Charter and Constitution and the Charity Commission 'The Essential Trustee. which dire¢ls associated supplementary reading. To evidence Trustees. reading of existing and new guidance from the Charity Commission a document has been created to provide an audit trail. lo track and record all Tiuslees confirming they have read and understood the guidance provided. These documents are a mandatory read lor all Executive Committee Members (Trustees) as directed by the SRRA President. The trustees, report was approved by the Board of Trustees.
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION report to the trustees on my examination of the financial ststemenls of Special Reconnaissan Regimental Association Ithe charity) for the year ended 31 March 2021. Rèsponslbilities and basis of report A5 the ITUStèès of the charity you are sponsIble for the prep2ration of the financial slalements in accordance wrth th8 Tequiremenls of the Charities Act 2011 (the 2011 Acll. I report in respect of my examination ol the charity's financial ststements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{511bl of the 2011 Act. Independ9nt èxamlnerfs ststèment Your 8llention is drawn lo the fact that thè tharity has prepafed financial slalements in aOrdara with Accounting and Reporting by Charities preparing their accounts in aceofdance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in pterence to the Accounting and Reporting by Charities.. Slalement of Recommended Practice issued on 1 April 2005 which is referred lo in the extsnl regulations bul has now been withdrawn. l und¢rstand that thi$ h8s been done in order for financ1 $talemenls to proVe a true and fair view in accordance with Generalty Accepted Accountrng Practice effeGts"v6 for reporting period8 beginning on or after 1 January 2015. I have completed my exarninalion. I confirm that no matters have Come to my allentlon in connection with the examination giving me cause lo believe that in any malgrial respecl.. accounting records were not kepl in respect of the tharity as required by section 130 of the 2011 Act,. or the financial Slalements do not 8co)rd with those records., or the financial 5t8lements do not comply with the applicable requirements concerning the fomi and content of accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in conneclion with the examination to whEh allenlion should be drawn in this report in order to enable a proper UndetandIng of the financial stslemenls lo be reached. DSA Prospect Limited The Old ChapÈl Union Way tney Oxfordshire OX28 eHD Dated. .i.G.- 12 ....29LI
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted Restricted Endowment funds funds funds 2021 2021 2021 Notes £ £ £ Income from: Donations and legacies 3 37,128 40,782 - Charitable activities 4 1,832 - - Investments 5 709 - - Total income 39,669 40,782 - Expenditure on: Raising funds 6 6,314 - - Charitable activities 7 48,020 28,950 - Total resources expended 54,334 28,950 - Net (outgoing)/incoming resources before transfers (14,665) 11,832 - |
TotalUnrestricted Restricted Endowment funds funds funds 2021 2020 2020 2020 £ £ £ £ 77,910 156,432 98,600 - 1,832 155,103 - - 709 1,938 - - 80,451 313,473 98,600 - 6,314 25,796 - - 76,970 99,079 106,477 - 83,284 124,875 106,477 - (2,833) 188,598 (7,877) - |
Total 2020 £ 255,032 155,103 1,938 412,073 25,796 205,556 231,352 180,721 |
|---|---|---|
- 6 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
| Net (outgoing)/incoming resources before transfers Gross transfers between funds Net movement in funds Fund balances at 1 April 2020 Fund balances at 31 March 2021 |
(14,665) - (14,665) 763,420 748,755 |
11,832 - 11,832 67,350 79,182 |
- (20,000) (20,000) 87,500 67,500 |
(2,833) (20,000) (22,833) 918,270 895,437 |
188,598 - 188,598 574,822 763,420 |
(7,877) - (7,877) 75,227 67,350 |
- 6,250 6,250 81,250 87,500 |
180,721 6,250 186,971 731,299 918,270 |
|---|---|---|---|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 7 -
Draft Financial Statements at 16 August 2021 SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION BALANCE SHEET AS A T31 MARCH 2021 2021 2020 Notes Fixed assets Tangible assets Inveslfflenls 12 13 2,858 67.500 2,837 87,500 70,358 90,337 Currènt assets Cash al bank and in hand 826.31 S 829.032 Creditors.. amounts falling due within one year 14 11.2361 11,0991 Nel current assets 825.079 827,933 Total assets les$ currènt liabilities 895.437 918,270 Capital funds Endowment funds - general Income funds Reslricled funds Unrestricted funds 67,500 87,500 79,182 748,755 67,350 763.420 895,437 918,270 The financial slalemenls were approved by the Tiuslees on Chief Executive
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
Charity information
Special Reconnaissance Regimental Association is a unincorporated charity registered in England and Wales.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
- 9 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Expenditure comprises those costs incurred by the company in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the company and include the audit fees and costs linked to the strategic management of the company.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Equipment
20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 10 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 37,128 | 40,782 | 77,910 | 156,432 | 98,600 | 255,032 |
- 11 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
4 Charitable activities
| 5 6 |
2021 2020 £ £ Event receipts 1,832 152,630 Other income - 2,473 1,832 155,103 Investments UnrestrictedUnrestricted funds funds 2021 2020 £ £ Interest receivable 709 1,938 Raising funds Unrestricted Total funds 2021 2020 £ £ Fundraising and publicity Project funds 5,590 14,207 Promotional activity 724 11,589 Fundraising and publicity 6,314 25,796 |
|---|---|
- 12 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
7 Charitable activities
| Staff costs Family welfare - accomodation Family welfare activities Grant funding of activities (see note 9) Share of governance costs (see note 10) Analysis by fund Unrestricted funds Restricted funds Restricted expenditure Restricted revenue expenditure Accountancy fees Employee travel costs General expenses Insurance Computer running costs Printing and stationary Staff costs Trustee travel costs Total restricted revenue expenditure |
2021 £ 786 1,759 - 2,545 (13,129) 87,554 76,970 48,020 28,950 76,970 2021 £ 2,059 - 985 860 338 634 79,499 - 84,375 |
2020 £ 239 21,026 15,270 36,535 64,867 104,154 205,556 99,079 106,477 205,556 2020 £ 1,655 915 801 865 295 904 50,371 4,017 59,823 |
|---|---|---|
8 Restricted expenditure
- 13 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
9 Grants payable
| Grants to institutions: Benvolence Soldier welfare Adv trg/sports Mental health resilence Rememberance |
2021 £ (16,327) - 50 2,760 388 (13,129) |
2020 £ 47,328 1,750 10,975 4,100 714 64,867 |
|---|---|---|
10 Support costs
| Governance costs £ Audit fees 2,059 Trustee travel costs - Staff costs 79,499 Depreciation 956 Printing and stationary 642 Computer running costs 338 Insurance 860 General expenses 1,200 Employee travel costs - Entertainment 2,000 RAAM costs - 87,554 Analysed between Charitable activities 87,554 |
2021 £ 2,059 - 79,499 956 642 338 860 1,200 - 2,000 - 87,554 87,554 |
2020 £ 1,957 4,017 50,371 709 904 295 865 801 915 36,920 6,400 104,154 104,154 |
|---|---|---|
11 Employees
The average monthly number of employees during the year was:
| 2021 Number 2 2021 |
2020 Number 1 2020 |
|---|---|
Employment costs
- 14 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 11 Employees Other pension costs 12 Tangible fixed assets Cost At 1 April 2020 Additions At 31 March 2021 Depreciation and impairment At 1 April 2020 Depreciation charged in the year At 31 March 2021 Carrying amount At 31 March 2021 At 31 March 2020 13 Fixed asset investments Cost or valuation At 1 April 2020 Valuation changes At 31 March 2021 Carrying amount At 31 March 2021 At 31 March 2020 |
(Continued) £ £ 786 239 Equipment £ 4,461 978 5,439 1,625 956 2,581 2,858 2,837 Investments £ 87,500 (20,000) 67,500 67,500 87,500 |
|---|---|
- 15 -
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
14 Creditors: amounts falling due within one year
| 14 Creditors: amounts falling due within one year |
|||
|---|---|---|---|
| Other creditors Accruals and deferred income 15 Analysis of net assets between funds Fund balances at 31 March 2021 are represented by: Tangible assets Investments Current assets/(liabilities) |
2021 £ 276 960 1,236 Total 2021 £ 2,858 67,500 825,079 895,437 |
2020 £ 139 960 1,099 Total 2020 £ 2,837 87,500 827,933 918,270 |
|
16 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
- 16 -