2023-03-31-accounts

Trustees			Mr DJ Cowley OBE	Mr DJ Cowley OBE
			Mr J MArcher
			Mr M W Nicholls
			Colonel WJ Partridge
			Mr G C Hursffield
			Dr C M Goble
			Commodore SJ	Scorer
			Group Captain J	LGross
			Mr P Botterill
			Mr BPlummer
			Mr SW G Neel
			Mr S N Post
			Ms LJ Gibbard
			Mr TMR Long
			Mr F Roseman
			Mr D Mason
Charity	number		1150541
Company		number	08302965
Registered		office	1st Floor
			14Buckingham	Palace Road
			London
			SW1W OQP
Auditor			Alliotts LLP
			Friary Court
			13-21 High Street
			Guildford
			Surrey
			GU1 3DL

				Page
Chairman's		Statement
Trustees'	report			2-7
Statement		ofTrustees'	responsibilities
Independent		Auditor's	Report	9-12
Statement		of Financial	Activities	13
Balance Sheet				14
Statement		ofCash Flows		15
Notes to the Financial			Statements	16-28

							As	restated
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2023	2023		2022	2022	2022
Incog~~			Notes		E		E
Donations and legacies				779,291	232,792	1,012,083	881,500	49,100	930,600
Charitable activities				14,272		14,272	157		157
Investments				52,922		52,922	56,441		56,441
Total income				846,485	232,792	1,079,277	938,098	49,100	987,198
Ex enditure on:
Raising funds				225,476		225,476	232,159		232,159
Charitable activities			7	935,537	206,099	1,141,636	747,718	195,984	943,702
Total resources
expended				1,161,013	206,099	1,367,112	979,877	195,984	1,175,861
Operating result				(314,528)	26,693	(287,835)	(41,779)	(146,884)	(188,663)
Net gains/(losses)		on
investments				(79,347)		(79,347)	170,673		170,673
Gross transfers	between
funds							(11,000)	11,000
Net movement	in	funds		(393,875)	26,693	(367,182)	117,894	(135,884)	(17,990)
Fund balances	at 1 April
2022
As originally reported				2,484,512	169,983	2,654,495	2,226,050	446,435	2,672,485
Prior year adjustment			18				140,568	(140,568)
As restated				2,484,512	169,983	2,654,495	2,366,618	305,867	2,672,485
Fund balances	at	31
March 2023				2,090,637	196,676	2,287,313	2,484,512	169,983	2,654,495

						2023		2022
								as restated
					Notes
Fixed assets
Investments					13		1,914,921		2,296,160
Current assets
Debtors					14	107,194		70,403
Cash at bank		and	in	hand		321,801		341,881
						428,995		412,284
Creditors:	amounts			falling due within
one year						(56,603)		(53,949)
Net current	assets						372,392		358,335
Total assets		less	current liabilities				2,287,313		2,654,495
Income funds
Restricted	funds				18		196,676		'I69,983
Unrestr t	f	n s
Designated	funds				19	1,550,000		2,000,000
General unrestricted				funds		540,637		484,512
							2,090,637		2,484,512
							2,287,313		2,654,495

				2023		2022
			Notes			f.
Cash flows from operating		activities
Cash absorbed by operations			23		(374,894)		(297,139)
Investing	activities
Proceeds	from disposal ofsubsidiaries
Purchase	ofother investments			(248,108)
Proceeds	from disposal ofother investments			550,000		399,865
Investment	income received			52,922		56,441
Net cash	generated from investing
activities					354,814		456,307
Net cash	used in financing	activities
Net (decrease)/increase in		cash and	cash
equivalents					(20,080)		159,168
Cash and	cash equivalents	at beginning	ofyear		341,881		182,713
Cash and	cash equivalents	at end of	year		321,801		341,881

		Charitable	Charitable
		Income	Income
		2023	2022
			E
	Other income	14,272	157
5	Investments

					Unrestricted	Unrestricted
					funds	funds
					2023	2022
						f.
	Income from	unlisted		investments	52,922	56,441
6	Raising funds
					Unrestricted	Unrestricted
					funds	funds
					2023	2022
					F
	Fundraisin	and	ublicit
	Seeking donations,			grants and legacies	6,383
	Advertising				1,204
	Other fundraising		costs		16,690	45,518
	Staff costs				137,991	136,252
	Support costs				63,208	50,389
	Fundraising	and publicity			225,476	232,159
					225,476	232,159

		Televisions	Holidays	Entertain	Outings	Total	Total
				ment		2023	2022
		2023	2023	2023	2023
		f.	E
Staff costs		66,616	104,683	90,408	76,133	337,840	333,583
Direct Costs		23,253	266,869	328,288	14,353	632,763	486,753
		89,869	371,552	418,696	90,486	970,603	820,336
Share of support costs
(see note 8)		30,515	47,951	41,413	34,873	154,752	109,594
Share ofgovernance
costs (see note 8)		3,173	4,986	4,306	3,816	16,281	13,772
		123,557	424,489	464,415	129,175	1,141,636	943,702
Analysis by	fund
Unrestricted	funds	123,557	301,140	381,665	129,175	935,537	747,718
Restricted funds			123,349	82,750		206,099	195,984
		123,557	424,489	464,415	129,175	1,141,636	943,702

				Televisions	Holidays	Entertain	Outings	Total
						ment		2022
						E
Staff costs				65,776	103,364	89,269	75,174	333,583
Direct Costs				27,464	161,489	281,741	16,059	486,753
				93,240	264,853	371,010	91,233	820,336
Share ofsupport costs (see note 8)				21,610	33,959	29,328	24,697	109,594
Share ofgovernance			costs (see note 8)	2,715	4,267	3,685	3,105	13,772
				117,565	303,079	404,023	119,035	943,702
Analysis	by	fund
Unrestricted		funds		117,565	159,795	357,517	112,841	747,718
Restricted	funds				130,017	65,967		195,984
				117,565	289,812	423,484	112,841	943,702

8	Supportcosts	Supportcosts	Supportcosts
				Support	Governance	2023	Support	Governance	2022
				costs	costs		costs	costs
						E
	Office Expenses			95,700		95,700	92,198		92,198
	Rent			67,753		67,753	53,359		53,359
	Employee	Related		39,103		39,103	4,167		4,167
	Insurance			15,404		15,404	4,635		4,635
	Audit fees				14,017	14,017		10,800	10,800
	Governance		Costs		8,647	8,647		8,597	8,597
				217,960	22,664	240,624	154,359	19,397	173,756
	Analysed	between
	Fundraising			63,208	6,383	69,591	50,389		50,389
	Charitable		activities	154,752	16,281	171,033	109,594	13,772	123,367
				217,960	22,664	240,624	159,983	13,772	173,756

The average monthly number ofemployees during th	e year was:
	2023	2022
	Number	Number
Employment costs	2023	2022
	F
Wages and salaries	408,528	405,682
Social security costs	36,465	29,581
Other pension costs	30,838	34,572
	475,831	469,835

The number of employees whose annual remuneratio were:	n was 260,000 or more
	2023	2022
	Number	Number
F70,000-f79,999	1	1
F100,000-F109,999	1	1

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
				E
Revaluation	of	investments	(61,592)	154,553
Gain/(loss)	on	sale of investments	(17,755)	16,120
			(79,347)	170,673

13	Fixed as	set investme	nts
				Listed	Cash in	Total
				investments	portfolio
				E	E
	Cost or valuation
	At 1 April	2022		1,945,394	350,766	2,296,160
	Additions				248,108	248,108
	Valuation	changes		(61,592)		(61,592)
	Disposals			(317,755)	(250,000)	(567,755)
	At 31 March 2023			1,566,047	348,874	1,914,921
	Carrying	amount
	At 31 March 2023			1,566,047	348,874	1,914,921
	At 31 March 2022			1,945,394	350,766	2,296,160
14	Debtors
					2023	2022
	Amounts	falling due	within one year:		E	E
	Other debtors				35,620	22,061
	Prepayments and accrued income				71,574	48,342
					107,194	70,403
15	Creditors: amounts		falling due within one year
					2023	2022
				Notes		E
	Other taxation and social security				11,940	16,381
	Deferred	income		16	12,289	18,535
	Trade creditors				5,198	4,245
	Accruals				27,176	14,788
					56,603	53,949
16	Deferred	income
					2023	2022
					E	E
	Other deferred income				12,289	18,535

Deferred	income					(Continued)
					2023	2022
Deferred	income is	included		within:
Current	liabilities				12,289	18,535
Movements in the year:
Deferred	income at	1 April 2022			18,535	40,491
Released from previous			periods		(18,535)	(40,491)
Resources deferred		in the year			12,289	18,535
Deferred	income at	31	March	2023	12,289	18,535

				Movement
				in funds
			Balance at	Incoming	Balance at	Transfers	Balance at
			1 April 2021	resources	1 April 2022	31	March 2023
Investment	Fund		2,000,000		2,000,000	(600,000)	1,400,000
Core Operarting		Cash Reserve				150,000	150,000
			2,000,000		2,000,000	(450,000)	1,550,000

20	Analysis of	net assets	between	funds
			Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2023	2023	2023	2022	2022	2022
				F			E		E
	Fund balances at 31
	March 2023	are
	represented	by:
	Investments		1,914,921			1,914,921	2,296,160		2,296,160
	Current assets/(liabilities)		175,716		196,676	372,392	188,352	169,983	358,335
			2,090,637		196,676	2,287,313	2,484,512	169,983	2,654,495

	2023	2022
		f.
Within one year	84,108	84,108
Between two and five years	164,789	248,897
	248,897	333,005

		2023	2022
		E
Aggregate	compensation	313,616	295,902

In the year the spouse	of one	of the Trustees earned	of the Trustees earned	E3,131 (2022: E4,645) as an employee	E3,131 (2022: E4,645) as an employee	of the charity.
There were no other related party transactions.
Cash generated from	operations				2023	2022
					E
Deficit for the year					(367,182)	(17,990)
Adjustments for:
Investment income recognised		in statement	offinancial	activities	(52,922)	(56,441)
Loss/(gain) on disposal	of investments				17,755	(16,120)
Fair value gains and losses on		investments			61,592	(154,553)
Movements in working	capital:
(Increase)/decrease in	debtors				(36,791)	36,572
Increase/(decrease) in	creditors				8,900	(80,015)
(Decrease) in deferred	income				(6,246)	(21,956)
Cash absorbed by operations					(374,894)	(310,503)