##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||`£`|`£`|`£`|`£`|||
|---|---|---|---|---|---|---|---|---|
||||`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`
|
##
##
##