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|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||
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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||||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|
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|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|
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|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)||
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