|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
|
2022 |
2022 |
2022 |
2021 |
2021 |
2021 |
|
|
|
Unrestricted |
Restricted |
Total |
Unrestricted |
Restricted |
Total |
Incomefrom: |
|
|
|
|
|
|
|
|
Donations |
|
4 |
2,345,601 |
10,000 |
2,355,601 |
847,479 |
90,000 |
937,479 |
Investments |
|
|
ft) |
0 |
0 |
0 |
0 |
0 |
Totalincome |
|
|
2,345,601 |
10,000 |
2,355,601 |
847,479 |
90,000 |
937,479 |
ExpenditureOn: |
|
|
|
|
|
|
|
|
RaisingFunds |
|
5a |
18,767 |
0 |
18,767 |
11,207 |
0 |
11,207 |
CharitableActivities |
|
5bto5d |
898,077 |
10,000 |
908,077 |
934,833 |
90,000 |
1,024,833 |
Totalexpenditure |
|
|
916,844 |
10,000 |
926,844 |
946,040 |
90,000 |
1,036,040 |
Netincome/(expenditure) |
|
|
|
|
|
|
|
|
beforegains/(losses)in |
|
|
1,428,757 |
0 |
1,428,757 |
(98,561) |
0 |
(98,561) |
investments |
|
|
|
|
|
|
|
|
Net(losses)/gainson
.
(
Ve
investments |
|
|
(593,593) |
0 |
(593,593) |
639,600 |
0 |
639,600 |
Netincome/(expendi
K
penditure)
movementinfunds |
and
an |
|
835,164 |
0 |
835,164 |
541,039 |
0 |
541,039 |
Totalfundsbroughtforward |
|
|
5,634,184 |
O |
5,634,184 |
5,093,145 |
O |
5,093,145 |
Totalfundscarriedforward |
|
|
6,469,348
|
0
|
6,469,348
|
5,634,184
|
0
|
5,634,184
|
|
Notes |
2022 |
2021 |
|
|
£ |
£ |
FIXEDASSETS |
|
|
|
Investments |
6 |
4,874,739 |
5,468,332 |
CURRENTASSETS |
|
|
|
Debtors- Donations |
|
0 |
5,000 |
Accruedincome- Legacies |
|
0 |
0 |
Cashatbankandondeposit |
|
1,663,769 |
357,990 |
|
|
1,663,769 |
362,990 |
CURENTLIABILITIES |
|
|
|
Amountsfallingduewithinoneyear |
7 |
69,160 |
197,138 |
NETCURRENTASSETS |
|
1,594,609 |
165,852 |
TOTALASSETSLESSCURRENTLIABILITIES |
|
6,469,348 |
5,634,184 |
LIABILITIES |
|
|
|
Amountsfallingdueaftermorethanone |
|
0 |
0 |
year |
|
|
|
NETASSETS |
8&11 |
6,469,348 |
5,634,184 |
FUNDS |
|
|
|
RestrictedFunds |
|
0 |
0 |
UnrestrictedFunds |
|
6,469,348 |
5,634,184 |
|
8&11 |
6,469,348
|
5,634,184
|
4 |
Donations |
2022 |
2021 |
|
|
£ |
£ |
|
Donations |
2,282,340 |
870,954 |
|
GiftAid |
73,262 |
54,525 |
|
DonationsinKind |
0 |
12,000 |
|
|
2,355,601 |
937,479 |
5a |
Analysisofexpenditureonraising
funds |
2022 |
2021 |
|
|
£ |
£ |
|
Directcostofraisingfunds |
8,121 |
0 |
|
Allocatedsupportcosts(see5bbelow) |
10,646 |
11,207 |
|
|
18,767 |
11,207 |
THE CLOCKTOWER FOUNDATION NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022
| 5b |
Analysis of expenditure on
charitable activities |
|
2022 |
|
2021 |
|
|
|
£ |
|
£ |
|
|
|
|
|
|
|
Support costs |
|
106,456 |
|
112,065 |
|
Less allocated to costs of raisingfunds |
|
(10,646) |
|
(11,207) |
|
Grants |
|
812,267 |
|
923,975 |
|
|
|
---------------- |
|
---------------- |
|
|
|
908,077 |
|
1,024,833 |
|
|
|
---------------- |
|
---------------- |
|
|
|
|
|
|
| 5c |
Analysis of support costs |
|
2022 |
|
2021 |
|
|
|
£ |
|
£ |
|
|
|
|
|
|
|
Audit fee |
|
10,800 |
|
9,840 |
|
Chief Executive’s services |
|
73,941 |
|
73,032 |
|
Legal advice receivedpro bono |
|
0 |
|
12,000 |
|
Other support costs |
|
21,715 |
|
17,193 |
|
|
|
---------------- |
|
---------------- |
|
|
|
106,456 |
|
112,065 |
|
|
|
---------------- |
|
---------------- |
|
|
|
|
|
|
| 5d |
Grants |
|
2022 |
|
2021 |
|
|
|
£ |
|
£ |
|
Grant-making activities |
|
|
|
|
|
FightingFit |
|
316,781 |
|
389,137 |
|
CommunityCohesion |
|
438,434 |
|
405,744 |
|
Education |
|
57,052 |
|
129,094 |
|
|
|
---------------- |
|
---------------- |
|
|
|
812,267 |
|
923,975 |
|
|
|
---------------- |
|
---------------- |
Of the £812k of grants approved in the year, £503k were made directly to or on behalf of the Regiment and the remaining £309k related to grants made directly to serving members. In 2021, of the £923k grants approved in the year, £573k were made directly to or on behalf of the Regiment and the remaining £350k related to grants made directly to serving members.
19
Clocktower Foundation Year ended 31 December 2022
6 |
Investments |
2022 |
2021 |
|
|
£ |
£ |
|
Balancebroughtforward |
5,468,332 |
4,628,732 |
|
Realisedandunrealisedgain/(loss)inyear |
(593,593) |
639,600 |
|
Disposals |
0 |
0 |
|
Additions |
0 |
200,000 |
|
|
4,874,739
|
5,468,332
|
|
Liabilities:Amountsfallingduewithin |
|
|
7 |
oneyear |
2022 |
2021 |
|
|
£ |
£ |
|
Grantspayable |
51,359 |
181,485 |
|
Accruals |
17,801 |
15,653 |
|
|
69,160 |
197,138 |
Currentyear |
Unrestricted |
Restricted |
2022total |
|
£ |
£ |
£ |
Investments |
4,874,739 |
0 |
4,874,739 |
CurrentAssets |
1,663,769 |
0 |
1,663,769 |
CurrentLiabilities |
(69,160) |
0 |
(69,160) |
Total |
6,469,348 |
0 |
6,469,348 |
Comparativeyear |
Unrestricted |
Restricted |
2021total |
|
£ |
£ |
£ |
Investments |
5,468,332 |
0 |
5,468,332 |
CurrentAssets |
362,900 |
0 |
362,900 |
CurrentLiabilities |
(197,138) |
0 |
(197,138) |
Total |
5,634,094 |
0 |
5,634,094 |
11
AnalysisofFunds |
|
|
|
|
|
|
Income |
|
|
|
Opening |
(including |
Expenditure |
Closing |
|
balance |
investment |
|
balance |
|
|
gains/losses) |
|
|
|
£ |
£ |
£ |
£ |
|
2022 |
2022 |
2022 |
2022 |
UnrestrictedFunds |
|
|
|
|
Unrestricted- general |
5,634,184 |
1,637,432 |
802,267 |
6,469,348 |
Totalunrestricted |
5,634,184 |
1,637,432 |
802,267 |
6,469,348 |
RestrictedFunds |
|
|
|
|
TaliskerWhiskyAtlanticChallenge |
0 |
110,000 |
110,000 |
0 |
TotalrestrictedFunds |
0 |
110,000 |
110,000 |
0 |
Totalfunds |
5,634,184 |
1,747,432 |
912,267 |
6,469,348 |
|
|
Income |
|
|
|
Opening |
(including |
Expenditure |
Closing |
|
balance |
investment |
|
balance |
|
|
gains/losses) |
|
|
|
£ |
£ |
£ |
£ |
|
2021 |
2021 |
2021 |
2021 |
UnrestrictedFunds |
|
|
|
|
Unrestricted- general |
5,093,145 |
1,487,079 |
946,040 |
5,634,184 |
Totalunrestricted |
5,093,145 |
1,487,079 |
946,040 |
5,634,184 |
RestrictedFunds |
|
|
|
|
TaliskerWhiskyAtlanticChallenge |
0 |
90,000 |
90,000 |
0 |
TotalrestrictedFunds |
0 |
90,000 |
90,000 |
0 |
Totalfunds |
5,093,145
|
1,577,079
|
1,036,040
|
5,634,184
|