Charity reglslration number 1147005 SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Charlty numbgr 1147005 Ind&pendgnt examlner DSA Prospect Limited The 01d Chapel Union Way Wilney Oxford5hire OX28 6HD
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION CONTENTS Page Truslee8' repgrt Independent examiner's report Statement of financial activities Balance shoet Notes lo the financial slalemenls 9-16
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Iruslees present their annual report and financial statements foT the year ended 31 March 2022. The financial slalements havè been prepared in accordance with the accoUnng policies set out in note 1 to the financial slalemenls and comply with the charity's governing document, the Charities Acl 2011 and Accounting and Reporting by Charities.. Sialement of Recommended Practice applicable lo tharilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {as amended for accounting periodg commencing from 1 Janu8ry 20161 Objectlves and actlvltles Summary ol the objectives of the charlly sel out in Ils governing documenllcons*llulion. The promotion of the efficiency of the Special Reconnaissance Regiment I'SRR.) and all predecessors thereto (the 'Reglmenl"l of the Crown by the provision and support of lacililies and activities and fostering of 'esprit de corps, for the efficieney and well-being of semce personnel. The relief of need to past and present members ol tho Regiment and their dependanls by providing such persons with the provlsion Df financial support and welfare projects which they could not otherwise afford through lack ot means Ilhe "B&neficiaiies"I, Summary of tho maln a¢tivitles undertaken thls year measured against the objectives of the charlty: Achlgvements: The SRRA remained focused on providing welfare support and assistance lo former and serving members of the Regiment and their immediate families. During the first hall ol Ihls financial year COVID reslrlclions continued lo restrict some of the respite activities which would normally be av8ilable to the members. The r&slrictions did not prevent welfare support al a lime of need, including grants lor counselling, bereavement and funèral expenses. During th8 second half of this financial period, though with Some restrictlons still in place. bul as confidence in Ihe COVID vaccine grew, we were able lo conduct one reception lor eighty people with the aim of re-engaging wlth benefactors and friends of the Association, as a prelude lo normal activity returning in the financial year 2022123. We remained proactive in identifying Potential new benefactors and opportunities lo generate funds to finance our core actlvilies. The SRRA Executive (Trusleel Committee continued lo hold ils biannual committee meeling8,' during which they revlewed and endorsed the current and forecasted aclivilios of the charity as well as discussing and formalling the future direction of the Charity. To remain compliant with COVID reslriclions these were via social media. We have now reverted lo meeting in person with the option of attending via social media loo. Performancg (Activltlg81 Charlty Income of £261,993 an Increase of £171,542 from 2021.. Wth COVID reslriclions in place the charity has had lo rely mainly on donations from benefactors and friends of the Association. Unreslricled granlsldonalions were recèivèd from the Prince of Wales'5 Charilable Fund as well as personallcorporale donations lolalling £246,916. A reslricled donation of £3,500 was also received in resped of an annual innovation award scheme. Our charitable aclivitie5 raised £1,500 and interest received from Investments lolalled £77. Performance IActlvltlès} Charity Expendlture of £163,726 an Increase of £80,441 from 2021: Raising Funds ProjeclslPromolional Costs £1,946. During this period of imposed CQVID-19 reslriclions, the SRRA continued lo invest in promoting the Regimenucharily with the locus on restarting activities once restrictions have been Ilfted, During this period £161 was granted towards a Rggimenlal promotional event, £300 was granled towards a memorial event and promotional items lo the value ol £827 were purchased. Regimentsv SRRA Christmas Cards were also sent lo benefactors snd Irignds of the charity lolalling £858.
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 staff Costs (Pgnsionl £803 Family Welfare and Resp5te Accommodaflon £7,150. The increase In spend for Ihls year is due lo the relaxation of COVIO-19 in the hospilalily sector. In lo185 the Charity facililaled 11 respite breaks for serving members of the Association and their immediate famllies during FY 21122. Prolects to promote Reglmental Ethos £12,855 Regimental history and ethos publicatlon. Unlt Coh8slon Actlvltle8 £SOO Royal Household vbslt. Famlly Welfare Actlvities £7,360 of whlch £6,200 was granted Iowords Regimentallsquadron Families cohesion events and £1,150 was granted towards family bereavement aclivilie8. General Expenses £16 bereavèment grant bank transfèr fee. Grants fundlng of Actlvltles £41,146. The Charity has continued lo provide linaneial support on a case- by-case basis and al a Ilme of need. During this financial year the SRRA has disbursed the following Grants.. Benovolence £18,120 of which £15,000 was allocated In bereavernenl grants, £2,820 in funerall memorial grants and £300 in clinical fees. Soldler Welfare £4,000 granlgd towards Regimentallsquadron cohesion events. Adventure Tralnlnglsports £16.086 of which £15,785 was granted to 3 adventure training exercises and £300 was allocated towards a sportlng event. Mental Health Reslllonce £4,110. Rgmembrance1£1,1701 Support and Governance Costs £91.961 an Increasg of £4.4r)7 from 2021. Thls includes staff costs of £82,323. Supportllncome Generation costs £2,513 and AudillG&neral office running costs £7,125. Financlal revlew Income general?d this year tolaled £251,993., an increase of £171,542 from the previous FY. The Charity's spend on core charitable aclivili&s also increased from £1 3,512 10 £69,818. The insurance requlremenls ol the charity wem reviewed and renewed costing £911 (including admin fee and nsurance premium lax). The SRRA'S fixed assets lequipmenl and sharasl has reduced by £15,8201£54,5381£70,3581 whlle the value ol the charity's current assets Icash al bank, less credilorsl has increased by £89,088 1£914,1671£825,0791 from the previous year. Resulting in an overall end of year increase in capital funds of £73.268. Al no point during this reporting period did the Association need lo draw upon ils reserve funds. The majority of funds remain attributable lo unreslricled use with 4 specific funds for reslricled use.
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The Charily needs to Tai5e a minimum of £2SOk per yeaT to rneel ils current welfare commitment5 and running costs. Our income is reliant on two core strands.. benefactors I'Friends of Ihe Regiment") and private fundraising events. COVID has had an irnpacl on financial donations received during the initial stages of the financial year, however as the reslriclions 1Sfted. we were able lo quick5y recover and meet our largel sum. As our funds increase, we are now activity Seeking professional advice lo identify options lo begin an investment portfolio to safeguard the long-term future of the Charity and ils welfare commilmenls. If difficulties were lo arfse, it has been calculated that in a worsl-case scenario an unrestricted income reserve of £300k would be needed lo continue operating for al least 12 months. This sum is already secured and held in reserve and include5 designated funds to respond lo contingency related bereavement expenses. These are allributed to Ibul not limited lol funeral expenses, travel, and accommodation in the event of the death of a setving member of the Regiment Iwhilsl in service or olherwisel. In summary, Ihis financial perlod was initially challenging, and the lulur8 difficult lo predict. However, as we came out of the pandemic the Clouds began to lift, and we have managed lo raise more funds than expected. As we look forward lo the next financial year, we are already planning a key fundraising Gala Dinner and Auction for Soptember 2022. In addition, we have identified several new potential benefactors to eng890 with. Feasibility studies ¢onllnue lo identify the potential costs DI several aspiralional projects on the horizon Ihal will &nhance the efficlency and well-being of the membership. structure. governance and managemgnt Type ofgovernlng document Conslilulion adopted 8 March 2012 and amended 23 April 2012, 13 March 2015, 29 April 2021 and 24 August 2021. 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 Re9imenlal Association. How the charlty Is ¢onstitutod The Trustees convene meetings biannually lo assess future bids for financial support and consider any adjuslmenls required lo meet the annual business plan. In oxceptional circum51ancès, extraordinary expenditure can be 8Uthorised by nominated Trustees within specified limits. las per the Charter and Conslilulionl when expendilure has not been raised and approved al any such maeting. Bereavement Expenses Expendiluie from the Fund lo provide immediate relief lo dependanls who are in ?'lime of need,, hardship or dislr6ss because of death of a serving member of the Regiment Iwhilsl in sèrvice or otherwise) can be aulhorised up to £10,000. This can be done by either the Regimental Secretary Ichief Executivel or in his absence iwo Trustees. Such expenditure may cover costs including, bul not limited lo 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 ils Trustees.
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION INDEPENDENT EXAIVIINER'S REPORT TO THE TRUSTEES OF SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION report to the Iruslees on my examination of the financial slalemenls of Special ReGonnaissance Regimental Association Ilhe charilyl for the year ended 31 March 2022. Responslbllltles and basls of rgport As the Iwsle&s of the charity you are responsible for the preparation of the financial statements in accordance with th& requirements of the Charities AGI 2011 Ilhe 2011 Acll. I report Sn respect of my examination of the charity's financial slalements carried out under section 145 of the 2011 Act. In carrying out my exarnination I have followed all th8 applicable Direclions given by the Charity Commission under section 14515llbl ol the 2011 Act, Independent examlngrfs statemgnt Since the charity's gross Income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a mernber of , which is one of the listed bodies. Your allenlion is drawn lo the fact that the charity has prepared financial slalemenls in accordan¢e with Accountin9 and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable n the UK and Republic of Ireland IFRS 1021 in preference to the Accountin9 and Reporting by Charitiès.. Slalemenl of Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations bul has now been wf(hdrawn. l understand that this has been done in order for financial slalements lo provide a true and fair view in accordance th Generally Accepted Accounting Practice effective for r¢porting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no mallers hav8 come lo my attention in connection with the examination giving me Cause to believe that in any material respect.. accounting recofd8 were not kgpl in respect of the ¢harily as required by section 130 of the 2011 Act.. or the financial statements do not accord with those cOrds., or the financial slalemenls do not comply with the applicable requirements concerning the form and conlenl ol accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and lair view which is not a maller eonsidered a8 part of an independent examination. I have no concerns and have come across no other mallers in eonnection with the examination to which allenlion should be drawn in this report in order lo enable a proper undeTStanding of the financial slalements lo be reached. DSA Prospect Limlted The Old Chapel Union Way Wilney Oxfordshire OX28 6HD Dated.. 1.fr i.1.-.2p..2
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Restricted Endowment funds fvnds funds 2022 2022 2022 Total Unrestricted Restrictèd Endowment funds funds funds 2021 2021 2021 Total 2022 2021 Notes Income fr Donations and legacies Charitable activities Investments 246,916 1,500 3.500 250,416 1,500 77 37.128 1,832 709 40.782 77,910 1,832 709 Total Income 248.493 3.500 251.993 39,669 40.782 80.451 nditure on: Raising funds 1,946 1,946 6,314 6.314 Charitable aCtivitS 161,779 161,779 48,020 28,950 76,970 Total expenditure 163,725 163,725 54,334 28.950 83,284 Net incomintyloutgoingl resources befor• transfers 84.768 3,500 88,268 114,6651 11.832 {2,8331
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestrhcted Restricted Endowmènt lunds funds funds 2022 2022 2022 Total Unrestrictsd Restrlcted Endowment funds fund5 fvnds 2021 2021 2021 Total 2022 2021 Notes Net incomingl(outgoingl resources before transfers 84,768 3,500 88.268 114,6651 11,832 12,8331 Gross transfers between funds 115,0001 115,0001 120,000) 120,0001 Net movement in fvnds 84.768 3.500 115,0001 73,268 114,6651 11.832 120,000) 122,833} Fund balances al 1 April 2021 748,755 79,182 67.500 895,437 763,420 67,350 87,500 918,270 Fund balances at 31 March 2022 833,523 82,682 52.500 968,705 748,755 79.182 67,500 895,437 The statement of finanaal activilies includes all gains and losses recognised in the year. All incomg and expenditure derive from continuing activthes.
2022 |
2021 |
||||
|---|---|---|---|---|---|
| **Notes ** | £ | £ | £ | £ | |
| **Fixed assets ** | |||||
| Tangibleassets | 11 |
2,038 | 2,858 | ||
| Investments | 12 |
52,500 | 67,500 | ||
| 54,538 | 70,358 | ||||
| **Current assets ** | |||||
| Cashatbankandinhand | 915,407 | 826,315 | |||
| **Creditors: amounts falling due within ** | |||||
| **one year ** | 13 |
(1,240) | (1,236) | ||
| Netcurrentassets | 914,167 | 825,079 | |||
| **Total assets lesscurrent liabilities ** | 968,705 | 895,437 | |||
| **Capital funds ** | |||||
| Endowmentfunds-general | 52,500 | 67,500 | |||
| **Income funds ** | |||||
| Restrictedfunds | 82,682 | 79,182 | |||
| Unrestrictedfunds | 833,523 | 748,755 | |||
| 968,705 | 895,437 |
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollcles Charlty information Special Reconnaissanc¢ Regimental Association is a unincorporated charity registered in England and Wales. 1.1 Accountlng convention The financial slalemenls have be8n prepared in accordance with the chariltys Igoverning documenll, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland" I"FRS 102.) and the Charities SORP 'Accounling and Reporting by Charilles.. Slalement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. The charity Is a Public Benefit Enlily as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not lo prepare a Statent of Cash Flows. The financial slalemenls have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required lo provide a true and fair view. This departure has involved following the Slalemenl of Recommended Practice for charities applying FRS 102 rather than the version of the Slalement of Recommended Practice which is referred lo 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 amounts in those financial slalements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting poli¢ie5 adopted are sel out below. 1.2 Going concern Al the lime of approving thè financial slalemenls, the Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for Ihe foreseeable future. Thus the trustees continue to adopt the going concern basis ol accounting in preparing the financial slatemenlg. 1.3 Charltable funds Unreslricled funds are avallable lor use at the discretion of the trustees in furtherance of thelr charitable objectives. Reslricled funds are subject to specillc conditions by donors as lo how they may be used. The purposes and US88 of the reslricled funds are sel out in the notes to the financial slalemenls. Endowment funds are subject lo specific conditions by donors that the capital musl be maintained by the charity. 1.4 Income Income is recognlsed when the charity 1$ legally enlilled lo il after any performance conditions have been mel, the amounts can be moasured reliably, and Il Is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once Ihe charily has been notified of Ihe donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donalic)ns received under Gift Aid or deeds of covenant 18 cOgnIsed al the limo of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified ol an impending dislribulion. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conlingenl asset.
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting pollcles Icontlnued) 1.5 Expendlture All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related lo the Category. Expenditure comprises th08e c051s incurred by the company in the delivery of ils activities and services for ils beneficiaries. It includes both costs that can be allocated directly to such aclivilles and those Costs of an indirect nature necessary lo support Ihem. Governanee costs include those Costs associated with meeting the conslilulional and slalulory requirements of the company and include the audit fges and costs linked lo the strategic management of the company. 1.6 Tanglble flxed assgts Tangible fixed assets are initl8lly measured al cost and subsequently measured al cost or valuation, nel ol depreciation and any impaimienl losses. Depreciation Is recognised so as lo wrf(e off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Equipment 200A 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 the statement of financial aclivilies. 1.7 Flxed assot Investments Fixed asset Investments are initially measured al transaction price exeludlng Iransactlon costs, and are subsequently measured at fair value al each reporting date. Changes in fair value are recognised in nel incomellexpendilurel for the year, Transaction costs are exponsed as incurred. 1.8 Impairment of fixed assets Al each reportlng end dale, the charity reviews the carrybng amounts of ils tangible assets lo 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 orLler lo determlne the extent of the impairment 105s lif any). 1.9 Cash and cash equlva19nts Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original malurilies of three months or less, and bank ovèrdrafts. Bank overdrafts are shown within borrowings in current liabililifrs. Basic linancial 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 al amortised cost using the effective interest method unless the arrangement conslilules a financing transaction, where the transaction is measured al the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not arnortised. 10-
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Accountlng policles Icontinuedl Basic financial liabilities Basic lin8ncial liabilities. Including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing Iransaclion, where the debt instrument is measured al the present value ol the future payments discounted al 8 market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently cafried al amortiged Cost, using the effective interest rale method. Trad8 creditors are obligations to pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classified as current liabilities il payment is due within one year or less. If not, they are presented as non-curn1 liabilities. Trade creditors are reeognised initially 81 transaction price and subsequently measured al amortlsed cost using the effective interest method. Dgrgcognition of financial Ilablllties Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged cancelled. 1.10 Employga beneflts The cost of any unusod holiday enlillement 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 commilled lo lerminale the employment of an employee or to provide lemiinalion benefits. 1.11 Rgtlrement beneflts Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. Crltlcal accountlng 0gtimatè$ and Judgements In the application of the charity's accounting policies, the trustees are required to make judgemonls, eslimales and assumptions about the carrying amount ol assets and liabilities th81 are not Teadity apparent from other sources. Th8 eslimales and associated assumptions are based on historical experience and other factors Ihal are consldered lo be relevant. Actual results may differ from Ihese estimate8. The eslimales ond underlying assumpllons are revlewed on an ongoing basis. Revisions lo 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 fLtlure periods where the revision affects both current and future PgTiods. Donations and legacles Unrestrlcted R&strlcted funds funds Total Unreslricled funds Reslricled funds Tot81 2022 2022 2022 2021 2021 2021 Oonalions and gift8 248,918 3,500 250,416 37,128 40.782 77,910 11
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable actfvitles 2022 2021 Event receipts 1,500 1.832 Investmènts Unrestrlcted Unrestrirted funds funds 2022 2021 Interest receivable 77 709 Raislng funds Unrestrlcted funds Total 2022 2021 Project funds Promotional activity 5,590 724 1,946 Fundraising and publicity 1.946 6.314 12
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charltatsle a¢tivitles 2022 2021 staff costs Family welfare- accomodalion Projects lo develop Regimental Ethos Unil cohesion 8clivilies Famlly welfare aclivilies General expenses 803 7,150 12.855 500 7.350 786 1,759 28,673 2.545 Grant funding of activities (see note 8} Share of governance costs18ee note 9) 41,145 91,961 {13,1291 87,554 161,779 76,970 Analysis by fund Unreslricled funds Restricted funds 161,779 48,020 28,950 Grants payablo 2022 2021 Grants to inslitulions.. Benevolence Soldier welfare Adv Irglsporls Mental health resilience Remembrance 18,120 4,000 16,085 4.110 11.170) (16,3271 50 2,760 388 41,145 113,1291 13-
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Support costs Governance costs 2022 2021 Audit fees Trustee travel costs Staff costs Depreciation Printing and stationary Computer running eo819 Insurance Gener81 expenses Entertainment 2,237 2,291 82,323 1,113 379 69 911 125 2,513 2,237 2.291 82,323 1,113 379 69 911 125 2.513 2.059 79,499 956 642 338 860 1,200 2,000 91,961 91,961 87,554 Analysed between Charitable activities 91,961 91,961 87,554 10 Employeès The average monthly number of employees during the year was., 2022 Number 2021 Number Employment costs 2022 2021 Other pension costs 803 786 14-
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Tanglble flxed assets EqulpmBnt Cost Al 1 April 2021 Additions 5,439 294 At 31 March 2022 5,733 Depreclallon and Impalrment At 1 April 2021 Depreryalion charged in the year 2,582 1,113 Al 31 March 2022 3,695 Carrylng amount Al 31 March 2022 2,038 Al 31 March 2021 2.858 12 Flxed asset investments Investments Cost or valuatlon Al 1 April 2021 Valuation changes 67,500 (15,0001 At 31 March 2022 S2,500 Carrylng amount At 31 March 2022 52,500 At 31 March 2021 67,500 13 Credltors: amounts falllng due withln ong year 2022 2021 Other creditors Accruals and deferred income 280 960 276 960 1,240 1,236 15-
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 14 Analysls of not assets between funds Total 2022 Total 2021 Fund balances al 31 March 2022 are represented by.. Tangible assets Investments Current assetsllliabilitiesl 2,D38 52,500 914.167 2,858 67,500 825,079 988,705 895,437 15 Related party transactlons There wefe no disclosable rel8led party transactions during the year12021 nonel. 16-