2022-03-31-accounts - Air Cadet Charity CIO

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				forthe Year E	nded 31 March	2022
							2022	2021
				Unrestricted	Restricted	Endowment	Total	Total
				fund	funds	funds	funds	funds
			Notes		P			F
INCOME FROM
Subscriptions, donations		and
grants			2	718,829	42,717		761,546	20,647
Charitable activities
Air Cadet Magazine					4,050		4,050	3,674
Corps Sports				331			331	89
Corps Activities				210			210
Training Ground Activities				6,084			6,084	4,190
Insurance for Cadet	activities			4,913			4,913	6,354
Investment income				11,032		4,650	15,683	16,293
Total				741,399	46,768	4,650	792,817	51,247
EXPENDITURE ON
Charitable activities
Adventure Training				8,575			8,575	9,605
Air Cadet Magazine					4,371		4,371	11,747
Corps Sports				7,202			7,202	27,172
Corps Activities				240			240	710
Training Ground Activities				288,104			288,104	222,249
Insurance for Cadet	activities			40,359			40,359,	60,034
ACE Platform costs				1,040			1,040
Engagement				105			105	100
Donations and Grants				43,929	44,555		88,484	60,470
Total				389,554	48,926		438,480	392,087
Net gains/(losses) on
investments				78,699		(19,685)	59,014	199,337
NET INCOME/(EXPENDITURE)				430,544	(2,158)	(15,035)	413,351	(141,503)
Transfers between	funds		13	(12,495)	12,495
Net movement in funds				418,049	10,337	(15,035)	413,351	(141,503)
RECONCILIATION	OF FUNDS
Total funds brought forward				2,942,142	299,432	445,576	3,687,150	3,828,653
TOTAL FUNDS CARRIED
FORWARD				3,360,191	309,769	430,541	4,100,501	3,687,150

					2022	2021
		Unrestricted	Restricted	Endowment	Total	Total
		fund	funds	funds	funds	funds
	Notes					F
FIXEDASSETS
Tangible assets Investments	8 9	354,975 412,572		278,010	354,975 690,582	444,736 1,581,048
		767,547		278,010	1,045,557	2,025,784
CURRENT ASSETS
Stocks	10	30,419			30,419	30,419
Debtors Cash at bank	11	308,934 2,263,231	309,768	152,531	308,934 2,725,530	30,313 1,610,634
		2,602,584,	309,768	152,531	3,064,883	1,671,366
CREDITORS
Amounts falling due within one
year	12	(9,939)			(9,939)	(10,000)
NET CURRENT ASSETS		2,592,645	309,768	152,531	3,054,944	1,661,366
TOTAL ASSETSLESS
CURRENT LIABILITIES		3,360,192	309,768	430,541	4,100,501	3,687,150
NET ASSETS		3,360,192	309,768	430,541	4,100,501	3,687,150
FUNDS	13
Unrestricted funds					3,360,192	2,942,142
Restricted funds					309,768	299,432
Endowmentfunds					430,541	445,576
TOTAL FUNDS					4,100,501	3,687,150

ACTIVITIES
					2022	2021
					f.
Net income/(expenditure) Statement ofFinancial Adjustments for:	forthe reporting Activities)		period (as per the		413,351	(141,503)
Depreciation charges Gain on investments Income attributable to endowment Expenditure attributable to endowment Increase in stocks (Increase)/decrease in debtors Decrease in creditors					89,761 (59,014) (4,650) (278,621) (61)	90,058 (199,337) (6,022) 18,000 (8,116) 399,580 (51,487)
Net cash provided by operations					160,766	101,173
ANALYSIS OF CHANGES		IN NET FUNDS
				At 1.4.21	Cash flow	At31.3.22
Net cash
Cash at bank				1,610,634	1,114,896	2,725,530
				1,610,634	1,114,896	2,725,530
Total				1,610,634	1,114,896	2,725,530

	SUBSCRIPTIO	NS, D	ONATION	S AND	GRANTS
							2022	2021
	Subscriptions						714,001	311
	Grants and donations						47,545	20,336
							761,546	20,647
						Restricted	Unrestricted	31.03.22
						K	F	R
	Lloyds TSBMatched		Giving			1,665		1,665
	RAFAC Development		Bursaries			34,172		34,172
	MOD Libor					6,880		6,880
	Misceilaneous	Legacies					1,450	1,450
	Miscellaneous	Donations					3,378	3,3?8
						42,717	4,828	47,545
3.	INVESTMENT	INCOME
							2022 E	2021f
	Dividend income						15,683	16,293
4.	INCOME FROM CHARITABLE			ACTIVITIES
							2022	2021
				Activity
	Contributions			Air Cadet Magazine			4,050	3,674
	Contributions			Corps Sports			331	89
	Contributions			Corps Activities			210
	Contributions			Training	Ground Activities		6,084	4,190
	Contributions			Insurance	for Cadet activities		4,913	6,354
							15,588	14,307
5.	CHARITABLE	ACTIVITIES COSTS
							Grant
							funding of
							activities
						Direct	(see note
						Costs	6)	Totals
							P
	Adventure Training					8,575		8,575
	Air Cadet Magazine					4,371		4,371
	Corps Sports					7,202		7,202
	Corps Activities					240		240
	Training Ground Activities					288,104		288,104
	Insurance for Cadet activities					40,359		40,359
	ACE Platform costs					1,040		1,040
	Engagement					105		105
	Donations and	Grants					88,484	88,484
						349,996	88,484	438,480

~ce eS elte
												Cost	tothe
									Contributions		Expenditure	Charity
									E		R
Soccer										181	1,469		1,288
Swimming										115	838		723
Cross Country											1.605		1,605
Rugby											985		985
Netball											985		985
Hockey										35	1,320		1,285
										331	7,202		6,871
Traini Ground	Activities
												Cost	tothe
									Contributions		Expenditure	Charity
											R		R
Projects										134	199		65
BTEC Duke ofEdinburgh		Bronze,		Silver 8	Gold	Awards				116 50	81,589 15,248		81,473 15,198
Shooting Music									2,726		4,708 3,496		4,708 770
Radios											20		20
IACE (Memorabilia 8 Clothing) IACE (Horizons Royalties) CVQO Limited									2,995 63		164 14,000		(2,831) (63) 14.000
Junior Leaders Drill 8 Ceremonial		Camp									6,428 7,290		6.428 7.290
Duke ofEdinburgh		Instructors									961		961
QAIC											1,594		1.594
Nijmegen/Road PTSBadges	Marching		Kit								1,550 46,816		1.550 46.816
Auditors' Remuneration											6,500		6.500
Auditors' Remuneration -			non-audit								7,780		7.780
Depreciation on	Tangible		Fixed Assets								89,761		89,761
									6,084		288,104		282,020
~En e ement
												Cost	to the
									Contributions		Expenditure	Charity
											R		R
Bank charges											105		105
											105		105
Insurance for Cadet Activities
Insurance cover	is	provided		for personal		accident,	Regional		Activity Centres		(RAC) contenh,	Trustee	Indemnity
Insurance (Tll) and Corps payment ofthe appropriate			Trophies. premium		Personal accident by the individual			(entitled members) or unit.		and	overseas cover	is provided on the

GRANTS PAY	ABLE
							2022	2021
Donations and	Grants						88,484	60,470
						Restricted	Unrestricted f	31.03.22
RAFAC - Development			Bursaries			12,923		12,923
Comdts Fund							828	828
Engagement							3,638	3,638
Administration							360	360
Volunteer Gliding Squadron				Part Task	Trainers (VGS PTT)		245	245
Regional/Wing	Activity		Centres				14,069	14,069
BAESystems							866	866
Staff Matched	Giving	Scheme					1,000	1,000
DBSChecks							8,077	8,077
AGS/VGS							5,596	5,596
STEM Scholarships							5,500	5,500
eSports							3,750	3,750
MOD Libor						9,194		9,194
Duke of Edinburgh's		Award		- Diamond	Fund	12,174		12,174
RAFCT - STEM						8,764		8,764
RAFCT (Motivational		Flying)				1,500		1,500
						44,555	43,929	88,484

TANGIBLE FIXEDASSETS
	Camping			Radio
	equipment	Simulators		Comms
	F	F
COST
At 1 April 2021 and 31 March 2022	32,501	720,712		11,543
DEPRECIATION
At 1 April 2021	32,501	427,369		8,079
Charge for year		72,07-1		1,155
At 31 March 2022	32,501	499,440		9,234
NET BOOK VALUE-
At 31 March 2022		221,272	'	2,309
At 31 March 2021		293,343	.	3,464

TANGIBLE FIXEDASSETS - continued
	Motor	Target
	vehicles f	Rifles f	Totals f
COST
At 1 April 2021 and 31 March 2022	45,230	184,715	994,701
DEPRECIATION
At 1 April 2021 Charge foryear .	36,620 1,292	45,396 15,243	549,965 89,761
At 31 March 2022	37,912	60,639	639,726
NET BOOK VALUE
At 31 March 2022	7,318	124,076	354,975
At 31 March 2021	8,610	139,319	444,736

	Fund	513	Fund	514	Fund	Fund	514	Fund 1066
	Charity Fixed Int		Charity Equity Inc		Charity	Fixed Int		Charity Fixed Int
COST	Stan Easton f		f	Unrestricted	Funds	f		J.Singleton f
At 1 April 2021		1,884		101,618			. 97,694	10,092
Introduced
Withdrawn
At 31 March 2022		1,884		101,618			97,694	10,092
VAAVIATION
At 1 April 2021 Purchases		2,283		262,315			117,510	11,643
Sales
Change in Value		(161)		41,018			(8,272)	(820)
At 31 March 2022		2,122		303,333			109,238	10,823
	Schrodera		HSBC					Total
	Fund 2161		~Porlfol o
	Charity Fixed Int
					BAE Millenium
COST	Malcolm f	Club	Unrestricted Funds f		Challenge f		(IACE)	f
At 1 April 2021		200,000		503,605			50,000	964,893
Introduced
Withdrawn				(503,605)
At 31 March 2022		200,000					50,000	964,893
AALU llON
At 1 April 2021 Purchases Sales Change in Value		234,752 (16,525)	903,528 235,335 (1,215,793) 76,930				49,017 (2,179)	1,581,048 235,335 (1,215,793) 89,991
At 31 March 2022		218,227					46,838	690,581

STOCKS
				2022 f	2021 F
IACE Supplies				30,419	30,419
DEBTORS:AIIOUNTS FALLING DUE WITHIN ONE YEAR
				2022	2021
				F
Other debtors				308,934	30,313
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2022	2021
				E	F
Trade creditors				(61)
Other creditors				10,000	10,000
				9,939	10,000
MOVEMENT IN FUNDS
			Net	Transfers
			movement '	between	At
		At 1.4.21 f	in funds E	funds	31.3.22
Unrestricted funds
Unrestricted Fund		2,942,142	430,545	(12,495)	3,360,192
Restricted funds
Air Cadet Magazine			(321)	321
BAE		76,264			76,264
Anne &John Singleton		99,523			99,523
Lloyds TSBFoundation		350	1,665		2,015
Convention		2,500			2,500
RAFAC - Development	Bursaries		21,249		21,249
RAFCT - Motivational Flying Reserve Forces &Cadets West Midlands		17,402 8,315	(1,500)		15,902 8,315
RAFCT - STEM		8,764	(8,764)
MOD Libor		6,314	(2,314)		4,000
The Award Scheme Limited - Duke of
Edinburgh Award			(12,174)	12,174
Worshipful Company ofCoachmakers		80,000			80,000
		299,432	(2,159)	12,495	309,768
Endowment funds
BAE Millenium Fund		195,411	(1,246)		194,165
Joseph Singleton		12,220	(646)		11,574
Malcolm Club		234,752	(13,016)		221,736
Stan Easton		3,193	(127)		3,066
		445,576	(15,035)		430,541
TOTAL FUNDS		3,687,150	413,351		4,100,501

Net movement in fund	ed in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		resources K	expended	losses f	in funds
Unrestricted funds
Unrestricted Fund		741,399	(389,553)	78,699	430,545
Restricted funds
Air Cadet Magazine Lloyds TSBFoundation RAFAC - Development Bursaries RAFCT - Motivational Flying RAFCT - STEM MOD Libor The Award Scheme Limited - Duke of		4,050 1,665 34,172 e,ee1	(4,371) (12,923) (1,500) (8,764) (9,195)		(321) 1,665 21,249 (1,500) (8,764) (2,314)
Edinburgh Award			(12,174)		(12,174)
Endowment funds		46,768	(48,927)		(2,159)
BAE Millenium Fund Joseph Singleton Malcolm Club Stan Easton		933 174 3,509 34		(2,179) (820) (16,525) (161)	(1,246) (646) (13,016) (127)
		4,650		(19,685)	(15,035)
TOTALFUNDS		792,817	(438,480)	59,014	413,351 '
Comparatives for movement	In funda
			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
Unrestricted Fund		3,085,517	(115,614)	(27,761)	2,942,142
Restricted funds
Air Cadet Magazine BAE Anne &John Singleton Lloyds TSBFoundation Convention RAFAC - Development Bursaries RAFCT - Motivational Flying Reserve Forces &Cadets West Midlands RAFCT - STEM		76,264 97,523 850 2,500 18,982 8,315	(8,072) 2,000 (500) (6,250) (1,580) 8,764	8,072 6,250	76,264 99,523 350 2,500 17,402 8,315 8,764
MOD Libor Worshipful Company ofCoachmakers		80,000	6,314		6,314 80,000
		284,434	676	14,322	299,432
Endowment funds
BAE Millenium Fund Joseph Singleton		194,090 12,683	1,321 (463)		195,411 12,220
Malcolm Club		248,645	(27,332)	13,439	234,752
Stan Easton		3,284	(91)		3,193
		458,702	(26,565)	13,439	445,576
TOTAL FUNDS		3,828,653	(141,503)		3,687,150

MOVEMENT IN FUNDS - c	MOVEMENT IN FUNDS - c	ontinued
Comparative net movement		in funds,	included	in the above are as follows:
					Incoming	Resources	Gains and		Movement
					resources	expended	losses		in funds
					F
Unrestricted funds
Unrestricted Fund					22,240	(351,778)	213,924		(115,614)
Restricted funds
Air Cadet Magazine					3,675	(11,747)			(8,072)
Anne &John Singleton					2,000				2,000
Lloyds TSBFoundation					2,232	(2,732)			(500)
RAFAC - Development	Bursaries					(6,250)			(6,250)
RAFCT - Motivational	Flying					(1,580)			(1,580)
RAFCT - STEM					8,764				8,764
MOD Libor					6,314				6,314
					22,985	(22,309)			676
Endowment funds
BAE Millenium Fund					1,190		131		1,321
Joseph Singleton Malcolm Club					226 4,562	.(18,000)	(689) (13,894)		(463) (27,332)
Stan Easton					44		(135)		(91)
					6,022	(18,000)	(14,587)		(26,565)
TOTAL FUNDS					51,247	(392,087)	199,337		(141,503)
A current year 12months and prior year 12months					combined	position isas follows:.
						Net	Transfers
						movement	between	.	At
					At 1.4.20 f	in funds F	funds		31.3.22
Unrestricted funds
Unrestricted Fund					3,085,517	314,931	(40,256)		3,360,192
Restricted funds
Air Cadet Magazine						(8,393)	8,393
BAE					76,264				76,264
Anne &John Singleton					97,523	2,000			99,523
Lloyds TSBFoundation Convention					850 2,500	1,165			2,015 2,500
RAFAC - Development	Bursaries					14,999	6,250		21,249
RAFCT - Motivational	Flying				18,982	(3,080)			15,902
Reserve Forces 8 Cadets West Midlands					8,315				8,315
MOD Libor						4,000			4,000
The Award Scheme Limited		- Duke of
Edinburgh Award						(12,174)	12,174
Worshipful Company	ofCoachmakers				80,000				80,000
					284,434	. (1,483)	26,817		309,768
Endowment funds
BAE Millenium Fund					194,090	75			194,165
Joseph Singleton					12,683	(1,109)			11,574
Malcolm Club					248,645	(40,348)	13,439		221,736
Stan Easton					3,284	(218)			3,066
					458,702	(41,600)	13,439		430,541
TOTAL FUNDS					3,828,653	271,848			4,100,501

		Detailed Stateme of'Flnan rthe YearEn ed31	al Activities h 0
			2022	2021
				F
INCOME
Subscrlptlons, donations Subscriptions Grants and donations		and grants	714,001 47,545	311 20,336
			761,546	20,647
Investment Income
Dividend income
			15,683	16,293
Charitable activities
Contributions
			15,588	14,307
Total Incoming resources			792,817	51,247
EXPENDITURE
Charitable activities
Costs ofcharitable activities Insurance			205,491	167,805
Auditors' remuneration Auditors' remn - non-audit Bank charges Depn ofsimulators Depn ofradio comms Motor vehicles			40,359 6,500 7,780 105 72,071 1,155	60,034 5,950 7,670 100 72,071 1,154
Depn oftarget rifles Grants to individuals			1,292 15,243	1,520 15,313
			88,484	60,470
			438,480	392,087
Total resources expended			438,480	392,087
Net Income/(expenditure) losses		before gains and
			354,337	(340,840)
Realised recognised	gains	and losses
Realised gains/(losses)	on fixed asset
investments
			45,953
Net income/(expenditure)			400,290	(340,840)