2021-06-30-accounts

Contents				Page
Report ofthe Trustees
Report ofthe	Independent	Examiner
Consolidated	Statement	of Financial	Activities
Consolidated	and Charity	Balance Sheets		10
Notes Forming	part ofthe Financial		Statements

Year ended 30June	2021
					Consolidated	Consolidated
			30June	30June	Year to		Year to 30
			2021	2021	30June 2021		June 2020
			Unrestricted	Restricted	Total		Total
		Notes	Fundsf	Fundsf	Funds		Fundsf
INCOME FROM
Membership and joining	fees		73,813		73,813		74,898
Donations and legacies			3,570	9,165	12,735		16,499
Charitable activities
Tours		6d	707		707		16,610
HQS Wellington Annual	Dinner						8,330
Royal Yacht Dinner							16,575
Other ticket income							7,913
Other Trading Activities			39,535		39,535		139,425
Investments			18,060		18,060		23,155
CJRS furlough receipts			27,040		27,040		8,193
Other income			27		27		3,826
Total income			162,752	9,165	171„917		315,424
EXPENDITURE ON
Raising funds:
Trading expenses		3	23,939		23,939		97,066
Investment management	costs	8	6,565		6,565		6,698
Charitable activities		6c	126,480		126,480		129,420
Charitable activities -tours		6d	19,067		19,067		25,406
Event costs		6a					26,415
Grants and awards		6b	26,241		26,241		39,305
Total expenditure			202,292		202,292		324,310
Net income / (expenditure)
before transfers and gains on
Investments			(39,540)	9,165	(30,375)		(8,886)
Transfers			9,165	(9,165)
Net gains/ (losses) on Investments		8	105,418		105,418		(62,139)
NET INCOME / (EXPENDITURE)
AND MOVEMENT IN FUNDS			75,043		75,043		(71,025)
RECONCILIATION OF FUNDS:
Total funds brought forward			598,583		598,583		669,608
Total funds carried forward			673,626		673,626		598,583

30June 2021
		30June	30June
FIXEDASSETS	Notes	2021f	2020 F
Tangible assets		14,123	19,077
Investments		854,374	755,465
		868,497	774,542
CURRENT ASSETS
Stock		33,632	40,069
Debtors		47,518	100,539
Cash at bank		103,451	49,005
		184,601	189,613
CREDITORS: due within one year	10	(64,808)	(59,126)
NET CURRENT ASSETS		119,793	130,487
TOTAL ASSETS LESSCURRENT
LIABILITIES		988,290	905,029
CREDITORS: due after more than one year		(314,664)	(306,446)
NET ASSETS		673,626	598,583
FUNDS
Unrestricted Funds:	15b
General		452,686	468,345
Revaluation		220,940	130,238
Restricted Funds:	15a
TOTAL FUNDS		673,626	598,583

Other trading activities
	Year to	Year to
	30June	30June
	2021	2020
(a) Medals		P
Turnover	12,815	107,725
Cost ofsales	(9,616)	(91,326)
Net profit	3,199	16,399
(b) Other
Turnover	26,720	31,700
Cost ofsales	(14,323)	(5,740)
Net profit	12,397	25,960

Income	fr	om m	embers	hip and joining fees
					Year to	Year to
					30June	30June
					2021f	2020 E
Life membership			fees		33,477	31,008
Annual	subscriptions				39,736	43,290
Overseas		membership		fees	600	600
					73,813	74,898

s and Accounting Polici ended 30June 2021	es
6Analysis ofexpenditure		Restricted	Unrestricted	Year to	Year to
		Funds	Funds	30June	30June
				2021	2020
					E
(a) Cost ofevents
HQS Wellington Dinner					8,171
HM Yacht Britannia					18,244
					26,415
(b) Analysis ofcharitable	expenditure
Grants and awards to BRNC
BA Sword			208	208	418
Ski Champs Grant					650
Football Support Marl Grant					(1,500) 550
Divisional Kit			10,004	10,004	12,254
Nav Block Grant			5,542	5,542	259
Able Grant					975
LHA Banner			240	240	396
POP Coverage Grant			8,325	8,325	2,860
POP Covers					551
Junior Officers Guide			407	407
Harrison Cup			330	330
Wittall Support			473	473
Militarisation ofCommon	Room				14,120
RNLA Support			712	712	5,345
BRNC Prize Giving					602
BRNC Open Day Support					800
BYC Grant					500
International Engagement					525
			26,241	26,241	39,305
(c) Charitable activities
Marketing and communications			5,083	5,083	5,551
Membership cards			728	728
Bank charges and interest			2,198	2,198	2,940
Subscriptions and licences			1,357	1,357	2,357
Insurance			1,499	1,499
Recruitment Expenses					922
Salaries (note 6e)			84,224	84,224	83,134
Travel and subsistence					1,852
Postage and stationery			4,951	4,951	5,539
Printing			2232	2,232	2,350
Telephone			1,693	1,693	1,390
Website development
Depreciation			7,094	7,094	6,664
Other sundry costs			1,940	1,940	1,102
Governance costs
Audit and accountancy
Independent Examination			1,000	1,000	1,000
Other			12,090	12,090	6,689
Cost oftrustee meetings Professional fees			391	391	6,856 1,074
			126,480	126,480	129,420

Analysis of	exp	enditure (continu	ed)
					Year to	Year to
					30June	30June
					2021f	2020 F
(d) Tours
Turnover					707	16,610
Expenditure:		Salaries (note 6e)			(17,242)	(18,208)
		:Other			(1,825)	(7,198)
Net (loss)/profit					(18,360)	(8,796)
(e) Staff costs
Wages and		salaries			89,657	90,722
National	Insurance				5,257	4,819
Pension	costs				6,552	5,801
					101,466	101,342
					No	No
Average number		ofstaff employed	during	the year was:	8	8

ofthe key management pe Tangible assets	rsonnel were f4	5,450 (2020	:245,468).
	Hawk		Fixtures	Computer
	Boats f	Cannon	and fittings f	Equipment	Total
COST
At 1 July 2020	61,834	3,000	608	11,104	76,546
Additions				2,140	2,140
At 30June 2021	61,834	3,000	608	13,244	78,686
DEPRECIATION
At 1 July 2020	43,281	2,700	608	10,880	57,469
Charge for period	6,183	300		611	7,094
At 30June 2021	49,464	3,000	608	11,491	64,563
NET BOOK VALUE
At 30June 2021	12,370			1,753	14,123
At 31 July 2020	18,553	300		224	19,077

Yea	r ended 3	0J	une	20	21
8.	Investments
						2021	2020
						Unrestricted	Unrestricted
							E
	Investment	portfolio:
	Brought forward					755,465	823,980
	Investment	income received				18,060	23,155
	Withdrawals	by charity				(18,004)	(22,833)
	Charges					(6,565)	(6,698)
	Realised and		unrealised		gains on investments	105,418	(62,139)
	Charity balance at			30	June 2021	854,374	755,465
	Listed on Stock Exchange					837,082	717,002
	Cash deposits					17,292	38,463
9.	Debtors
						Charity	Charity
						2021	2020
	Gift Aid due					33,118	80,410
	Prepayments		and accrued income			14,400	20,129
						47,518	100,539
10.	Creditors: Amounts			falling due within one year
						Charity	Charity
						2021f	2020f
	Deferred membership			fees		53,026	52,133
	Other creditors		and	accruals		11,782	6,993
						64„808	59,126
11.	Creditors: amounts			falling due after more than one year
						Charity	Charity
						2021	2020
	Deferred membership			fees		314,664	306,446

			2021	2020
				F
Balance	as at 1 July 2020		358,579	333,365
Amount	released	to income	(48,913)	(48,858)
Amount	deferred	in the period	58,024	74,072
Balance	as at 31 June 2021		367,690	358,579

The group's	net assets belon	g to the various funds as	follows:-
		Fixed assets
		and	Net current	Long term	Fund
		investments f	assets f	liabilities	balances
Restricted	funds
Unrestricted	funds	868,497	119,793	(314,664)	673,626
		868,497	119,793	(314,664)	673,626

Movement	s	in the	curr	ent y	ear
						Balance at	Income	Expended	Transfers	Balance at
						1 July				30June
						2020				2021
Communications			fund
T-shirts							9,155		(9,155)
Divisional	kit						4,153		(4,153)
Harrison	Cup						10		(10)
							9,165		(9,165)
Movement	s	in the	previous		period
						Balance at	Income	Expended	Transfers	Balance at
						1 July	F			30June
						2019f				2020
Communications			fund			8,378		(8,378)
Ski Champs							100		(100)
Militarisation		Common		Room			6,000		(6,000)
RNLA Rec		Space					2,441		(2,441)
T-shirts							6,719		(6,719)
						8,378	15,260	(8,378)	(15,260)