2020-12-31-accounts

Independent	Examiner's	Examiner's	report			17
Statement of	financial	activities (including		the income and expenditure	account)	18
Balance sheet						19
Cash flow statement						20

					Total funds	Total funds
					Year to	Year to
			Unrestricted	Restricted	31Dec	31Dec
			funds	funds	2020	2019
		Note
INCOME FROM:
Donations and grants			31,193		31,193	23,995
Other trading activities			612		612	1,072
Investments			2,388	l0,635	13,023	19,772
TOTAL INCOME			34,193	10,635	44,828	44,839
EXPENDITURE ON:
Other trading activities			1,354		1,354	1,671
Charitable activities			19,450	257,286	276,736	289,743
TOTAL EXPENDITURE			20,804	257,286	278,090	291,414
Net income/(expenditure)	before
investment gains/(losses)			13,389	(246,651)	(233,262)	(246,575)
Net gains/(losses) on investments						987
Net income/(expenditure)	for the year
before and after taxation			13,389	(246,651)	(233,262)	(245,588)
NET MOVEMENT IN FUNDS			13,389	(246,651)	(233,262)	(245,588)
RECONCILIATION OF	FUNDS:
Total funds brought forward			374,739	2,294,656	2,669,395	2,914,983
Net movement in funds in the year			13,389	(246,651)	(233,262)	(245,588)
Total funds carried forward		16	388,128	2,048,005	2,436,133	2,669,395

				31Dec	31Dec
				2020	2019
			Notes
Fixed assets
Investments				2,214,905	2,460,743
Intangible assets (website)				3,128	9,757
Fixed assets			10	1,487
				2219520	2470 500
Current assets
Debtors				798	295
Stock				1,142	1,523
Cash at bank				221,667	212,471
				223,607	214,289
Creditors: amounts		falling due within
one year			13	(6,994)	(15,394)
Net current	assets			216,613	198,895
Total Assets	less Current Liabilities			2,436,133	2,669,395
Net assets				2,436,133	2,669,395
Funds
Unrestricted	funds:	General	16	388,128	374,739
Restricted funds:			16	2,048,005	2,294,656
Total funds				2,436,133	2,669,395

					Year to	Year to
					31Dec	31Dec
					2020	2019
				Notes
Net cash flows from operating		activities		12	(247,606)	(257,468)
Cash flows from investing	activities
Investment income received					13,023	19,722
Costs offixed assets					(2,059)	(5,532)
Investments sold					245,838	307,302
Net cash flows from investing		activities			256,802	321,542
Net increase in cash and cash		equivalents			9,196	64,074
Cash and cash equivalents	at	beginning	ofthe year		212,471	148,397
Cash and cash equivalents	at	end ofthe	year		221,667	212,471
Reconciliation to cash at bank
Cash at bank					221,667	212,471

Year to	Year to
31Dec	31Dec
2020	2019
Total	Total
31,193	23,995

			Year to	Year to
			31Dec	31Dec
			2020	2019
Christmas	cards	income	612	1,072
Christmas	cards	expenditure	1,354	1,671

6. Analysis ofexpenditure			on	charitable	activities
						Direct	Support	Total
Charitable	Activity					costs	costs	costs
Year to 31Dec2020:
Website						6,902	7,761	14,663
Archives						12,054	7,760	19,814
Welfare						195,214	7,761	202,975
Graves and	memorials					13,488	7,761	21,249
Promoting	the award	and honouring		holders		2,514	15,521	18,035
						230, I72	46,564	276,736
Year to31Dec2019:
Website						14,099	8,106	22,205
Archives						7,863	8,106	15,969
Welfare						193,750	8,106	201,856
Graves and	memorials					24,324	8,106	32,430
Promoting	the award	and honouring		holders		1,070	16,213	17,283
						241,106	48,637	289,743

The supports	costs a	re analysed	as follows:
				Year to	Year to
				31Dec	31Dec
				2020	2019
Fees to management		(excluding	fees paid for archive work)	28,800	31,163
Office costs	/ other			4,815	7,477
Professional	fees			11,237	6,000
Trustee meeting costs				1,712	3,997
				46,564	48,637

							Year to	Year to
							31Dec	31Dec
							2020	2019
Amortisation	ofcapitalised		website development	costs			6,629	12,838
Depreciation	on computer		equipment				572
Auditor's remuneration		for the audit ofthe Association's			financial	statements		6,000
Independent	Examiner	remuneration					3,900

reimbursement	, subject to a suit	able c	laim being submitted.
				Year to	Year to
				31Dec	31Dec
				2020	2019
Fees paid to	management:
Chief Executive role				28,800	31,163
Archive project				12,054	5,063
				40,854	36,226
Remuneration	paid to Trustees
Travel and other expenses reimbursed			to Trustees	1,712	3,023
				Number	Number
Number ofTrustees reimbursed		expenses

								31Dec	31Dec
								2020	2019
Investments at market value:
Investments in proprietary	managed	funds and/or		investments		listed	or traded
on a recognised stock exchange								89,905	273,286
Investments in short-term	fixed bank	deposits						2,125,000	2,187,457
								2,214,905	2,460,743
Investments at cost								2,214,905	2,461,322
								31Dec	31Dec
								2020	2019
Investments in proprietary managed			funds and/or		investments		listed or
traded on a recognised	stock exchange
Market value brought forward								273,286	248,397
Net (sales)/ purchases								(183,381)	23,902
Net investment gains									987
Market value at carried	forward							89,905	273,286

been depreciated from the mo	nth ofacquisition.
Website costs
Cost
At 31 Dec 2019		68,365
Additions
At 31Dec 2020		68,365
Amortisation
At 31 Dec 2019		(58,608)
Charge for the year		(6,629)
At 31Dec 2019		(65,237)
Net book value
At 31 Dec 2020		3,128
At 31Dec2019		9,757
10. Fixed Assets (Computer	Equipment)
Computer Equipment
Cost
At 31Dec2019
Additions		2,059
At 31 Dec 2020		2,059
Amortisation
At 31Dec2019
Charge for the year		(572)
At 31Dec 2020		572
Net book value
At 31Dec 2020		1,487
At 31Dec2019

12. Note	to the cash	flow statement
					31Dec	31Dec
				Note	2020	2019
Net expenditure for the year					(233,262)	(245,588)
Investment	income			5	(13,023)	(19,772)
Net (gains)/losses on investments				8	—	(987)
Amortisation/depreciation				9/10	7,201	12,838
Operating	cash flow before movement		in working capital		(239,084)	(253,509)
Changes in Changes in	stock debtors				381 (503)	(1,523) 88
Changes in	creditors				(8,400)	(2,524)
Cash generated from		operations			(247,606)	(257,468)
13. Creditors and financial commitments
Creditors
					31Dec	31Dec
					2020	2019
Graves and	memorials	grant costs				7,561
Other creditors					6,994	7,833
					6,994	15,394

A reconciliation ofthe is as follows:	movements in the	Funds ofth	e Association	during the y	during the y	ear to 31 Dece	mber 2020
	Opening			Investment			Closing
	balance	Income	Expense	gain	/ (loss)	Transfers	balance
Unrestricted	374,739	34,193	(20,804)				388,128
Restricted
Website	3,041		(273)				2,768
Archive	23,949		(12,054)				11,895
Graves &memorials	431,380		(13,488)				417,892
Member annuities	1,736,286	10,635	(231,471)			(25,000)	1,490,450
Welfare	100,000					25,000	125,000
	2,294,656	10,635	(257,286)				2,048,005
Total	2,669,395	44,828	(278,090)				2,436,133

A reconciliation ofthe	movements in the Funds ofthe Association	movements in the Funds ofthe Association	movements in the Funds ofthe Association	during the	during the	year to 31December 2019	year to 31December 2019
is as follows:
	Opening			Investment			Closing
	balance	Income	Expense	gain	/ (loss)	Transfers	balance
Unrestricted	367,479	26,117	(19,776)		919		374,739
Restricted
Website	4,302		(1,261)				3,041
Archive	31,812		(7,863)				23,949
Graves k, memorials	454,704	1,000	(24,324)				431,380
Member annuities	1,981,686	17,722	(238,190)		68	(25,000)	1,736,286
Welfare	75,000					25,000	100,000
	2,547,504	18,722	(271,638)		68		2,294,656
Total	2,914,983	44,839	(291,414)		987		2,669,395

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				Unrestricted	Restricted	Total	Total
			Note	funds	funds	funds	funds
						Year to	Year to
						31-Dec	31-Dec
						2019	2018
INCOME FROM:
Donations and grants				22,995	1,000	23,995	117,750
Other trading activities				1,072		1,072	859
Investments				2,050	17,722	19,772	25,837
TOTAL INCOME				26,117	18,722	44,839	144,446
EXPENDITURE ON:
Other trading activities				1,671		1,671	897
Charitable activities				18,105	271,638	289,743	341,465
TOTAL EXPENDITURE				19,776	271,638	291,414	342,362
Net income/(expenditure)		before
investment gains/(losses)				6,341	(252,916)	(246,575)	(197,916)
Net gains/(losses) on investments				919	68	987	(9,844)
Net income/(expenditure)		for the
year				7,260	(252,848)	(245,588)	(207,760)
Transfers			16
NET MOVEMENT IN FUNDS				7,260	252,848	245,588	207,760
RECONCILIATION	OF
FUNDS:
Total funds brought forward				367,479	2,547,504	2,914,983	3,122,743
Net movement in funds	in the year			7,260	-252,848	-245,588	-207,760
Total funds carried forward			16	374,739	2,294,656	2,699,395	2,914,983