##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||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|s, includ|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)|