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|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|
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||||||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|
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|||||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|
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||||||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|
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|Year to|Year to|
|---|---|
|31Dec|31Dec|
|2020|2019|
|Total|Total|
|31,193|23,995|
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||||Year to|Year to|
|---|---|---|---|---|
||||31Dec|31Dec|
||||2020|2019|
|Christmas|cards|income|612|1,072|
|Christmas|cards|expenditure|1,354|1,671|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|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|
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|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||
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|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||||
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|||||||||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|
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|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|||
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|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|
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|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|