## **Royal Navy Football Association**
## **THE ROYAL NAVY FOOTBALL ASSOCIATION**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2021**
**THE ROYAL NAVY FOOTBALL ASSOCIATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
||**Page**|
|---|---|
|Report of the Trustees|1 - 11|
|Independent Examiners Report|12|
|Statement of Financial Activities|13|
|Balance Sheet|14|
|Notes to the Accounts|15 - 19|
**1**
## **THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES**
The trustees present their report with the financial statements of the charity for the period ended 30 June 2021. The trustees have adopted the provisions of the 2015 Charities Statement of Recommended Practice (SORP) that meets Financial Reporting Standard (FRS) 102.
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Charitable Company Name**
The name of the Charitable Incorporated Organisation (“the CIO”) is “The Royal Navy Football Association”, often abbreviated to RNFA
**Trustees** John Lavery, MVO (2015) Chair Stephen G Vasey (2015) David McGarel (2019) Treasurer Ian Mulholland (2015) Retired 28[th] January 2021 Luke Pierce (2015) Retired 24[th ] June 2021 Elizabeth Smith (June 2021) Appointed 24[th] June 2021 Heather O’Connell (June 2021) Appointed 24[th] June 2021 Gavin Howe (June 2021) Appointed 24[th] June 2021
## **CEO**
Mr S H Johnson
**Registered Office Registered Charity Number** Room G32 1164897 - First registered on 17 December 2015 HMS Temeraire Portsmouth Hampshire, PO1 2HB
## **Accountants**
David Bailey, Chartered Accountants 28 Landport Terrace Portsmouth Hants PO1 2RG
## **Bankers**
Nat West Bank 130 Commercial Road Portsmouth Hants PO1 1EJ
## **Legal Advisers**
Charles Russell LLP 5 Fleet Place London EC4M 7RD
**2**
## **THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Constitution**
The Charity is a Charitable Incorporated Organisation (CIO). It was registered in its current legal form on 17 December 2015. The Charity was previously an unincorporated association but changed its legal form to a CIO. The assets and liabilities of the unincorporated association were transferred to the CIO on 7[th ] July 2016.
## **Organisational Structure**
The governing body of the RNFA is the Board of Trustees, which comprises up to 6 members and meets three times a year to review charitable objectives, strategy, the risk registers, and performance. Trustees are elected or appointed for a three-year term, and may, subject to Board approval, serve for further three-year terms. The Chairman and CEO attend all Board of Trustees meetings.
The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
All appointments of trustees are based on the principle of competency and to benefit from a broad spread of expertise. All appointments and re-appointment of trustees are based on the articles of the Constitution and will be decided by the members at the annual general meeting.
On appointment, all new Trustees will be provided with a copy of the Constitution and any amendments made to it, a copy of the CIO’s latest trustees’ annual report and statement of accounts. They will be briefed on their duties and responsibilities as a Trustee and will be offered training courses if required to improve their ability to perform their duties. The Register of Trustees is maintained with the Statutory Records of the RNFA by the CEO.
The trustees shall manage the affairs of the CIO in accordance with the articles of the Constitution and have delegated the day-to-day running of the Royal Navy Football Association to the Executive Committee, who are tasked with achieving the objectives set within the RNFA strategic plan (20212024).
## **Facility Management**
The Charity does not own any specific facilities, as the RNFA utilises the facilities that are provided by the Ministry of Defence in pursuit of the combined objectives to promote physical efficiency by participating in sport. The current offices are situated within HMS TEMERAIRE, the centre for Navy sport in Portsmouth.
**3**
## **THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES**
## **Volunteers and Related Parties**
The Trustees all give their services voluntarily and receive no remuneration for their activities, other than travel, training courses and incidental expenses. The serving members of the Board undertake their RNFA duties as volunteers in addition to their normal line duties and receive no remuneration for their services.
## **Management**
Whilst the Trustees retain full responsibility for the CIO, the management and day-to-day running of the RNFA has been delegated to the Executive Committee and General Council within the conditions set out in the RNFA Handbook.
The Executive Committee consist of the following appointments:
|Chairman|Chairman of Referees|Safeguarding Board Champion|
|---|---|---|
|Vice Chairman|Head of Marketing and Sponsorship|Inclusion Officer|
|CEO|Head of Representative Football||
|Head of Strategy and Business|Head of Women’s Football||
|Football Development Manager|Head of Development Teams||
|PRO|Head of Clubs, Leagues and Competitions||
All RNFA Executive Committee officials are serving or reservist Royal Navy/Royal Marines personnel, who undertake the roles on a voluntary basis on top of their high-pressure military appointments, except for the CEO and the Football Development Manager who are funded by the Football Association. All vacancies within the RNFA area are advertised on the RNFA website inviting volunteers, both serving and civilians, to be considered for selection; all Executive Committee appointments are re-appointed at the AGM.
## **Employees**
|**The RNFA employs the following personnel in a full-time capacity:**|**The RNFA employs the following personnel in a full-time capacity:**||
|---|---|---|
|CEO|Mr Steve Johnson (2003)|FA Funded post|
|Football Development Manager|Ms Kim Stenning (2016)|FA Funded post|
|**The RNFA permanently employs the following personnel in a part time**||**capacity:**|
|Finance Officer &|Mrs Hannah Okell (2016)|FA & RNFA|
|Development Co-Ordinator||Funded post|
|**Royal Navy Secondment**|||
|Assistant Secretary|Petty Officer Danny Kerr (2020)|Royal Navy funded position|
Petty Officer Kerr is provided by the Royal Navy (RN) in a permanently recognised role by the RN. He commenced his appointment January 2020 and his position forms part of the RNFA Business plan risk register. As part of Royal Navy Transformations & POPT Kerr’s promotion the position has been gapped since April 2021. Discussions are ongoing to resolve how any future replacement will be funded.
**4**
## **THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES**
## **Chairman’s Overview**
This report covers the period from 1 Jul 2020 to 30 June 2021.
The period of this report continues to be dominated by the COVID-19 pandemic and the associated impact on sport. The RNFA has remained fully aligned to government, Service and National Governing Body guidance and has welcomed back football in a safe and compliant manner in keeping with the wider ‘opening up’ agenda as the vaccine programme offered some light at the end of a very dark tunnel. Whilst several key events were curtailed in the autumn of 2020, we have reaped the rewards of careful planning that ensured we were prepared in every way for a return to sporting interaction in the late spring of this year.
Our commitment to Women’s football, grassroots and development opportunities ensured we were well placed for the delivery of the RNFA Strategic Plan to the FA National Game Board (NGB) in June, resultant in the award of the desired grant to support the delivery of the targets set out in the National Game Strategy (NGS), as agreed by the NGB, from 2021 to 2024. The Board members all commented on the quality of the plan presented and the high regard in which we are considered as a County Association. Our performance indicators that are being set by the FA, as part of the NGS, are being achieved at every level and importantly we continue to surpass them and generate novel ways of improving areas where we have lower targets based on our bespoke demographics. As the Royal Navy emerged from the Integrated Review of Defence and Security, our people remain the most important part of a Service that is transforming to meet the challenges of the 21[st] Century and within the RNFA we strive to keep up with the pace of change. We will continue to grow participation at every level regardless of location, quality, and quantity available to ensure the football as the most widely played sport in the Navy is available to all. Innovative ideas to broaden access continue to be developed and an exciting programme of outreach is planned for late 2021 and beyond.
Sound financial management and oversight by our Trustees has ensured wider NGB funding reductions across the County Football Associations has not resulted in any impact to our outputs or workforce. The financial management of our current resource and our investment portfolio provides us with a sustainable programme with sensible reserves to ensure long term stability and ensures that as soon as practicable, we will reinstate training camps and team building events for our people.
The RNFA will continue to improve, learn from experience, and most importantly deliver our charitable objectives to the best interests of our football family. This will be achieved through the support of our permanent and voluntary staff, the Royal Navy, our Trustees, and the FA.
## **Commander John Gordon RN (Executive Chair)**
**5**
## **THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES**
## **CEO – Steve Johnson**
The Royal Navy (RN) Football Association has accomplished a great deal over the last four years, and we are very proud of our achievements, but remain hungry and ambitious to achieve even more. It is now time for us to build on these successes and continue shaping the future of football in the Royal Navy.
Football is the most participated sport within the RN, and we want everyone to have a positive experience when engaged with the beautiful game. The ambitions set out in the plan will require a continuously evolving organisation, that will require a commitment from our volunteers, along with the cooperation and support from the RN, Sponsors, and our partner County FA’s.
We want to be inclusive and embrace diversity in everything we do and in doing so remove any barriers for those wanting to join our football family. Encouraging and promoting differences in our backgrounds and experience will make us healthier and stronger.
While the previous four years have seen the Association make solid progress, the next three will present new challenges but I am confident that with the support and goodwill of all stakeholders in the game, the future, can be a very bright one.
Our objectives will include increasing male and female participation through flexible formats of the game that must fit in with a changing service lifestyle and a transformational Navy. We want to make the game more accessible to females within the Royal Navy to improve the female player pathway, as well as increasing the number of coaches and referees.
We will prioritise our work in the following areas:
- Players, Referees and Volunteers
- Grassroots Programmes
- Leagues and Competitions
- Representative Teams
- Women’s Game
- Diversifying Governance
Whilst the day-to-day management is delegated to the Executive and the paid workforce; the Trustee Board retains oversight of matters of strategic importance including finance and delivery of the plan
Successful delivery of our plan will help to improve the mental wellbeing, develop the power of teamwork, whilst enhancing the resilience and resourcefulness of Royal Navy personnel and their commitment to each other and the Service.
## **Steve Johnson (Chief Executive Officer)**
**6**
# **THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES**
## **OBJECTIVES AND ACTIVITIES :**
## **Strategic Objectives 2021-24**
## • **Retain**
3,066 male players through flexible formats of competition.
## • **Equal Opportunities**
Provide equal opportunities for women and grow participation by 39 players.
## • **Recruit**
Recruit 11 new referees, convert 7, retain 35 and progress 2 referees.
## • **Diversity**
Support a diverse, high performing workforce and inclusive culture.
## • **Governance**
Establish trusted, progressive regulation, administration & governance.
## • **Safeguarding**
Cultivate a safe and inclusive football pathway & environment.
## • **Status**
Strong reputation and clear brand identity.
## • **Discrimination**
Promote a game free from discrimination.
## • **Health & Well Being**
Through Football activities support the delivery of the health and wellbeing plan form the Royal Navy.
## **Covid 19**
The Coronavirus pandemic has caused significant disruption to footballing activity. A limited amount of affiliated football was achieved, although more success was attained through delivery of the grassroots programme. No Football competitions were delivered throughout this reporting period. The impact of Covid-19 on the FA has had a significant impact on its revenue streams including a 14% reduction in grants to County FA’s. Due to the inability of honouring sponsorship SLA’s it was agreed to extend all current agreements by one calendar year, irrespective of received monies. The Board also made the decision that although funding grants from the FA had been reduced there would be no restructure to the contracted workforce during this period and reserves would be utilised to meet the financial shortfall.
**THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES**
**7**
## **Remuneration**
The Charity does not remunerate its Trustees, although training and travel expenses are funded. All Trustees and members of the Executive give their services voluntarily and receive no remuneration for the activities other than incidental expenses. The Executive undertake their association duties as volunteers in addition to their full-time service duties. The RNFA continues to develop and expend its group of volunteers to assist in all areas of the charity. These volunteers are supported by the full-time staff members, as well as specific policies contained within the staff handbook.
## **FINANCIAL REVIEW**
## **Grants**
The RNFA receives annual grants from:
- **Naval Service Sports Charity** - This grant is in support of operational costs along with delivery projects as detailed with in the RNFA Business Plan. A business case is compiled each year and a figure bid for aligned to the association requirements including CEO and FDM travel and current financial status. The association received a grant £8,000 during this financial period
- **The Football Association (FA)** – This grant is used for workforce salaries and a revenue grant to support the Development delivery projects that support The FA’s National Game Strategy (2018-21).
The association received a grant £83,087 during this financial period.
- **Sponsorship** – To support delivery of Cup Competitions and Representative Football The association received grants totalling £21,972 during this financial period.
The focus of the RNFA remains on financing the operating costs of football throughout the Royal Navy. Through the grants above and locally generated sponsorship the association operates and funds:
- 5 representative teams (Over 30 fixtures per season).
- Delivery of an Inter-Regional and Navy Cup Competition for all affiliated Clubs (11 v 11).
- Delivery of Development projects in support of both the FA and RNFA strategic objectives.
- Employment of 2 full time and 1 part time members of staff
The finance function of the RNFA is undertaken by the part time Finance Officer along with the full time CEO. Financial reporting is a standing agenda item at every Trustee Board meeting. A major change as a CIO is that budget approval is now recommended at Executive level and is now approved by the Trustees at the beginning of each financial year.
**THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES**
**8**
## **Investments and Reserves Policy**
Reserves are in place to bridge the gap between spending and receiving income and to cover unplanned emergency expenditure. The minimum level of reserves deemed to be required is reviewed periodically by the Trustees and adjusted as perceptions of risk and other factors change. The Trustees believe that it remains reasonable to maintain a level of free reserves equivalent to 12 months operating costs of charitable activities and thus enable the charity to continue its business for at least one year in the event of significant loss of income (Risk 1 – Highest Priority Risk Register). Approx. £100K. Investments which are now under the management of Sarasin, total £104k year ending June 30[th] , 2021.
## **Staff Redundancy Policy**
Should the Charity be unable to continue as a going concern, the financial forecast for staff redundancy payments as of the 30 June 2021 would be £19,041.50.
**THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES**
**9**
## **Risk Management**
The Executive Committee maintain the Risk Matrix to enable them to examine the principal areas of the charities operations and consider what other risks may arise. The Trustees review the risks to the organisation as part of the business plan process, which is done at the beginning of each financial year or when there has been, or likely to be a significant change to risk. In the opinion of the Trustees, the charity has established systems that allow the risks to be mitigated to an acceptable level.
## **RNFA Risk Register June 30[th] , 2021**
|Risk ID|PESTLE|Cause|Event|Effect|Severity|Risk Category|
|---|---|---|---|---|---|---|
|1|Economic|Reduction in FA Funding|Inability to sustain current
levels of RNFA Civilian staff.|RNFA inability to achieve FA Key
Performance indicators (KPIs) due
to insufficient staff resource|Significant|Med/High|
|2|Political|RN Branch Review - Hecate|Unavailabilty of RN Staff.|RNFA inability to achieve FA Key
Performance indicators due to
insufficient staff resource|Significant|High|
|3|Sociological|Effects of COVID-19 and/or restrictions due
to causes in Risk ID 1&2|Long term unavailability of
RNFA Staff|Limitations on the ability to support
training camps, competitions and
Representative fixtures|Moderate|Med/High|
|4|Economic|Reduction in Non-FA Funding|Reduction in available
Sponsorship and non-public
funds due to restrictions from
COVID-20|Limitations on the ability to support
training camps, competitions and
Representative fixtures.|Moderate|Med/High|
|5|Legal|Safeguarding incident at RNFA event or
involving RNFA Representative Personnel|Safeguarding Incident at RNFA
organised event or within
RNFA area of responsibility|RNFA reputational damage and
culpability leading to possible legal
challenges|Minor|Low/Medium|
|6|Technological
Legal|Insufficient IT and Data Protection|A breach of GDPR legislation|Reputational risk and potential
legal action|Minor|Low/Medium|
|7|Political
Sociological|Lack of Suitably Qualified & Experienced
Personnel (SQEP)|Reduction in output and
support|Inability to meet FA Key
Performance indicators and meet
the required level of support to
RNFA Representative, Region and
Unit Football|Moderate|Medium|
|8|Political|Reduction in size of Royal Navy|Reduction in output and
support. Required restructure
of competitions and
grassroots participation.|Inability to meet FA Key
Performance indicators and meet
the required level of support to
RNFA Representative, Region and
Unit Football|Minor|Low/Medium|
|9|Political
Economic|Unavailability of HQ facilities|Short term and long term
reduction in output and
support .|Inability to achieve FA Key
Performance indicators (KPIs) due
to insufficient staff resource.|Minor|Low|
|10|Political
Economic|Reduction in access to playing facilities|Reduction in output and
support. Required restructure
of competitions and
grassrootsparticipation.|Limitations on the ability to support
training camps, competitions and
Representative fixtures.|Minor|Low|
**THE ROYAL NAVY FOOTBALL ASSOCIATION**
**10**
## **REPORT OF THE TRUSTEES**
## **Statement of Trustees Responsibilities**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charitable law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the charitable company and of the outgoing resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently.
- state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any material departures which are explained in the financial statements.
- make judgements and estimates that are reasonable and prudent.
- comply with applicable accounting standards, including FRS 102, subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charity regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- There is no relevant information of which the charity independent examiner is unaware; and
- The trustees have taken all the steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
The trustees declare that they have approved the trustees’ report for the period ended 30[th] June 2021.
Signed on behalf of the Trustees on 27[th] January 2022
**Captain John Lavery MVO – Trustee (Chairman)**
**11**
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
**OF THE ROYAL NAVY FOOTBALL ASSOCIATION**
## **I report to the trustees on my examination of the accounts of the Royal Navy Football Association for the period 1 July 2020 to 30 June 2021, which is set out on Pages 12 to 19.**
## _**Responsibilities and basis of report**_
As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## _**Independent examiner’s statement**_
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. The accounts do not accord with those records; or
3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounting and Reports) Regulations 2008 other than and requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concern and have come across no other matters in connection with the examination to which attention should be drawn in the report to enable a proper understanding of the accounts to be reached.
## **MARTIN PIERCE FCCA**
28 Landport Terrace Portsmouth PO1 2RG
28[th] January 2022
**12**
## **ROYAL NAVY FOOTBALL ASSOCIATION**
## **INCOME AND EXPENDITURE ACCOUNT**
For the year ended 30 June 2021
|Note
**INCOMING RESOURCES**
Incoming Resources from generated funds:
Voluntary Income - Grants and
Sponsorship
1
Investment Income
Incoming resources from charitable activities:
Football Development Income
Competition Income
2
Referees' Income
3
Other Income
4
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Costs of generating funds:
Costs of generating voluntary income
% Admin costs re Grants/Bids
Sponsors Servicing
Charitable Activities
Football Development Expenses
5
Representative Match Expenses
6
Competition Expenses
Referees Expenses
Subscriptions and Donations
Governance Costs:
Administration Expenses
7
Depreciation
8
Profit on Sale of Vehicle
**TOTAL RESOURCES EXPENDED**
**NET INCOMING RESOURCES**
**NET GAINS(LOSSES) ON INVESTMENT ASSETS**
**SURPLUS FOR THE YEAR**
Funds brought Forward 1 July 2020
Funds Carried Forward 30 June 2021|Unrestricted
Funds
2021
£
21,200
2,508
2.963
24
1,221
3
27,919
1,815
2,286
392
559
982
1000
22,720
6,286
(1,846)|Restricted
Funds
2021
£
104,825
-
-
-
-
-
104,825
-
48,601
-
-
-
-
44,060
-
-|**Total**
**Funds**
**2021**
£
**126,025**
**2,508**
**2,963**
**24**
**1,221**
**3**
**132,744**
**1,815**
**50,887**
**392**
**559**
**982**
**1000**
**66,780**
**6,286**
**(1,846)**|**Total**
**Funds**
**2020**
£
**242,524**
**3,945**
**8,891**
**483**
**1,240**
**408**|
|---|---|---|---|---|
|||||**257,491**
**4,953**
**57,330**
**95,723**
**1,767**
**621**
**2,810**
**62,576**
**1,698**
-|
||34,194
(6,275)
11,635
5,360
198,188
203,548|92,661
12,164
-
12,164
54,462
66,626|**126,855**
**5,889**
**11,635**
**17,524**
**252,650**
**270,174**|**227,478**
**30,013**
**(8,835)**|
|||||**21,178**
**231,472**|
|||||**252,650**|
The notes on pages 14 to 19 form part of this Account
**ROYAL NAVY FOOTBALL ASSOCIATION 13**
**BALANCE SHEET** For the year ended 30 June 2021
|Note
**FIXED ASSETS**
Tangible
9
Investments
- RNRMC Investment Fund
10
**CURRENT ASSETS**
Stock of Equipment
Sundry Debtors and Prepayments
11
Cash at Bank
- NatWest Reserve Account
- NatWest Current Account
Travelex Card
Cash in Hand
**CURRENT LIABILITIES**
Grants Received in Advance
Income Received in Advance
Sundry Creditors
**NET CURRENT ASSETS**
**NET ASSETS**
Financed by :
**ACCUMULATED FUND**
Unrestricted Funds
Restricted Funds||**2021**
£
867
18,262
84,586
71,265
774
______174
175,928
12,000
1,528
3,389
16,917|£
6,383
104,780||**2020**
**£**
**867**
**18,330**
**149,856**
**3,000**
**856**
**______214**
**173,123**
**8,000**
**5,290**
**2,151**
**15,441**|**£**
**1,823**
**93,145**|
|---|---|---|---|---|---|---|
||||111,163
159,011|||**94,968**
**157,682**|
||||||||
||||||||
||||||||
||||270,174|||**252,650**|
||||203,548
66,626|||**198,188**
**54,462**|
||||270,174|||**252,650**|
The financial statements on pages 12-19 were approved by the trustees on 27[th] January 2022 and signed on their behalf by:
**Captain John Lavery MVO – Trustee (Chairman)**
**ROYAL NAVY FOOTBALL ASSOCIATION 14**
## **NOTES TO THE ACCOUNTS**
For the year ended 30 June 2021
## **1. BASIS OF PREPARATION**
- a. **Basis of accounting** . These Accounts are prepared under the historical cost convention with items recognised at cost or transaction value unless stated in the relevant notes to these accounts.
- b. The Accounts have been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the United Kingdom and Republic of Ireland (FRS 102 September 2015) and with the Charities Act 2011.
- c. **Going Concern.** The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. The trustees have considered the charity’s forecasts and projections and have taken account of pressures on grants, sponsorship, and charitable activities. After making enquiries the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **2. ACCOUNTING POLICIES**
- a. **Recognition of income** . Income is recognised in the period in which the charity is entitled to receipt, and the amount can be measured with reasonable certainty. Grants from other agencies, together with sponsorship and donations, and other income from activities are in furtherance of the charity’s objectives. Funds received are recognised as restricted when there is an agreed and explicit condition of the grant or donor. Occasionally, funds received for future activities are carried forward at the year end.
- b. **Resources Expended** . Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
- c. **Governance Costs** . Governance costs include the costs of meeting the constitutional and statutory requirements of the charity, including the accountancy and independent examination fees.
## **NOTES TO THE ACCOUNTS**
For the year ended 30 June 2021
## **ACCOUNTING POLICIES** - continued
- d. **Pension Costs.** The charity operates a defined contribution pension scheme. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate.
- e. **Capitalisation and Depreciation of Tangible Fixed Assets** . In line with Royal Navy accounting policy, tangible fixed assets are capitalised and depreciated at the rates stated under Note 9.
- f. **Fixed Asset Investment** . Quoted shares and similar investments are valued initially at cost and subsequently at fair value (their market value) at the year end.
- g. **Stocks** . Corporate clothing held for sale as part of charitable activity is valued at the lower of cost or net realisable value.
- h. **Debtors** . These are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
- i. **Funds Accounting** . Funds held by the charity are:
- a. Unrestricted Funds: These are funds that can be used in accordance with the charitable objectives at the discretion of the Trustees.
- b. Restricted Funds: These are funds that can only be used for restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor.
**ROYAL NAVY FOOTBALL ASSOCIATION 16**
## **SCHEDULES TO THE INCOME AND EXPENDITURE ACCOUNT**
For the year ended 30 June 2021
|**1.**
**GRANTS AND SPONSORSHIP**
RN Sports Charity Grant
FA Development Plan Grant
Other FA Grants
Sports Lottery Grants
FA Salary Grants
Sponsorship:
- Ivor Dewdney Pasties
- Trinity Insurance
- ESS
- Carbon 60
- Lockheed Martin
Donations:
- RNFA Supporters Club
- Consolite
Other Income
- Goodwill Gesture
**2.**
**COMPETITION INCOME**
Navy Cup
Inter Command Cup
Administration Charge - Cautions and
Sending Off
**3.**
**REFEREES' INCOME**
Registrations
Course Fees
**4.**
**OTHER INCOME**
Surplus(Deficit) on Sale of Football
Tickets||Unrestricted
Funds
2021
£
**-**
**-**
**-**
**-**
**-**
-
-
-
11,000
10,000
-
**-**
200
21,200
-
-
24
24
1,221
**-**
1,221
3
3|Restricted
Funds
2021
£
8,000
2,794
6,167
12,766
74,126
**-**
**-**
972
**-**
**-**
**-**
**-**
**-**
104,825
-
-
-
-
-
**-**
-
-
-|
|**Total**
**Funds**
**2021**
**£**
**8,000**
**2,794**
**6,167**
**12,766**
**74,126**
**-**
**-**
**972**
**11,000**
**10,000**
**-**
**-**
**200**
**126,025**
**-**
**-**
**24**
**24**
**1,221**
**-**
**1,221**
**3**
**3**|**Total Funds**
**2020**
**£**
**8,000**
**18,230**
**8,000**
**93,103**
**78,718**
**3,000**
**2,500**
**7,500**
**11,650**
**10,000**
**1,323**
**500**
**- **
**242,524**
**340**
**-**
**143**
**483**
**400**
**840**
**1,240**
**408**
**408**|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
||||||||
||||||||
**ROYAL NAVY FOOTBALL ASSOCIATION 17**
## **SCHEDULES OF RESOURCES EXPENDED** For the year ended 30 June 2021
|**5.**
**FOOTBALL DEVELOPMENT EXPENSES**
Coaching and other Course Expenditure
Football Development Wages and Expenses
Football Development Staff Pensions
Grassroots Development Expenses
Equipment Expenses
**6.**
**REPRESENTATIVE MATCH EXPENSES**
RNFA Senior XI
RNFA Development XI
RNFA Women’s XI
Tours
**7.**
**ADMINISTRATION EXPENSES**
Office Supplies
Telephone
Motor Vehicle Expenses
Sundry Expenses
Committee Expenses and Meetings
Trustees' Training Expenses
Staff Training Expenses
Insurances
Staff Wages
Staff Pensions
Secretary's Expenses
Accountancy
**8.**
**DEPRECIATION**
Office Equipment
Motor Vehicle|Unrestricted
Funds
2021
£
1,983
303
**-**
**-**
**-**
2,286
108
284
-
-
392
625
589
770
734
44
60
189
443
14,805
**-**
244
4,217
22,720
286
6,000
6,286|Restricted
Funds
2021
£
3,000
38,645
2,584
3,098
1,274
48,601
**-**
**-**
**-**
-
-
**-**
**-**
972
**-**
**-**
**-**
**-**
39,505
3,583
-
**-**
44,060
**-**
**-**
**-**|**Total**
**Funds**
**2021**
**£**
**4,983**
**38,948**
**2,584**
**3,098**
**1,274**
**50,887**
**108**
**284**
**-**
**-**
**392**
**625**
**589**
**1,742**
**734**
**44**
**60**
**189**
**443**
**54,310**
**3,583**
**244**
**4,217**
**66,780**
**286**
**6,000**
**6,286**|**Total Funds**
**2020**
**£**
**8,755**
**41,954**
**2,729**
**2,295**
**1,597**|
|---|---|---|---|---|
|||||**57,330**|
|||||**2,103**
**4,309**
**1,445**
**87,866**|
|||||**95,723**|
|||||**221**
**349**
**492**
**999**
**284**
**-**
**12**
**466**
**50,925**
**3,341**
**1,366**
**4,121**|
|||||**62,576**|
|||||**541**
**1,157**|
|||||**1,698**|
**ROYAL NAVY FOOTBALL ASSOCIATION 18**
## **NOTES TO THE ACCOUNTS**
## For the year ended 30 June 2021
## **9. TANGIBLE ASSETS**
|At 1 July 2020
Additions in the year
LessDisposals in the year
LessAccumulated Depreciation
Net Book Value at 30 June 2021||**Total**
**£**
**16,627**
**12,000**
**28,627**
**(11,564)**
**17,063**
**(10,680)**
**6,383**|**Equipment**
**£**
**5,063**
**-**
**5,063**
**-**
**5,063**
**(4,680)**
**383**||**Motor**
**Vehicle**
**£**
**11,564**
**12,000**
**23,564**
**(11,564)**
**12,000**
**(6,000)**|
|---|---|---|---|---|---|
||||||**6,000**|
In line with the Royal Navy accounting policy, tangible fixed assets are capitalised and depreciated as follows:
Equipment -- 50% per annum on cost in the first year
- then the balance remaining over three years
- Motor Vehicle - 50% per annum on cost in the first year
- then the balance remaining over five years
## **10. INVESTMENTS**
|**INVESTMENTS**|2021|**2020**|
|---|---|---|
||£|£|
|RNRMC|104,780|**93,145**|
The RNRMC Investment valuation is taken from Cazenove Capital's Investment Fund Schedule as at 30 June 2021.
## **11. SUNDRY DEBTORS**
|Sports Lottery re Secretary
Sports Lottery re FDO
Sports Lottery re Salaries and Pensions
Monies owing for Ticket Sales
Coaching Course Fees
Prepayments
Others|2021
£
4,766
-
8,000
-
132
3,144
2,220
**18,262**|**2020**
£
**5,802**
**1,283**
**8,000**
**90**
**-**
**3,115**
**40**|
|---|---|---|
|||**18,330**|
**ROYAL NAVY FOOTBALL ASSOCIATION 19**
## **NOTES TO THE ACCOUNTS**
For the year ended 30 June 2021
## **12 DETAILS OF CERTAIN TYPES OF EXPENDITURE**
|a
Accountancy
Independent Examiners Fees
Other Accounting Services
b
Staff Costs
Salaries and Wages
Social Security Costs
Pension Costs (Defined Contribution Scheme)
Other Employee Benefits|2021
3,300
917
**4,217**
88,424
4,531
6,167
212
**99,334**|**2020**
**3,240**
**881**|
|---|---|---|
|||**4,121**|
|||**86,716**
**4,994**
**6,070**
**336**|
|||**98,116**|
No employee received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. The total amount paid to key management personnel for their services to the Charity was £72,707 (2020 - £71,075).
## **13. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES**
There were no transactions with related parties.