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2022-06-30-accounts

Royal Navy Football Association

THE ROYAL NAVY FOOTBALL ASSOCIATION

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2022

THE ROYAL NAVY FOOTBALL ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Page
Report of the Trustees 1 - 10
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Accounts 14 - 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 year ended 30 June 2022. 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 (ROYAL NAVY FOOTBALL ASSOCIATION)

Trustees

John Lavery, MVO (2015) Stephen G Vasey (2015) David McGarel (2019) Elizabeth Smith (June 2021) Heather O’Connell (June 2021) Gavin Howe (June 2021)

Chair

Treasurer Appointed 24[th] June 2021 Appointed 24[th] June 2021 Appointed 24[th] June 2021

CEO (Chief Executive Officer)

Mr S H Johnson

Registered Office Room G32 HMS Temeraire Portsmouth Hampshire, PO1 2HB

Registered Charity Number 1164897 - First registered on 17 December 2015

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

THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES

2

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 threeyear 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 (2021-2024).

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.

THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES

3

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:

Chair 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: 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 Mr Peter Gamble Royal Navy Sport Charity

The Royal Navy through its transformation process has removed the service billet that undertakes the assistant secretary’s position. The Royal Navy Sports Charity has agreed to fund the role on a temporary basis as it has been agreed that funding has been approved to appoint a new Football Development and Services Officer, that will be a Civil Service position.

THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES

4

Chairman’s Overview

This report covers the period from 1 Jul 2021 to 30 June 2022.

It gives me great pleasure to offer you this overview in a period of postPandemic recovery for our Association. We continue to adhere to government, Service and National Governing Body guidance, ensuring the game is enabled and supported in a safe and compliant manner. While some key events were curtailed in Q1/2021, we have reaped the rewards of careful planning that ensured we were prepared in every way for a return to normal business.

We continue to be measured and achieve success against the strategic plan we presented to the FA (Football Association) National Game Board (NGB) in the previous reporting period. Our commitment to Women’s football, grassroots and development opportunities continues and is mapped against the delivery of the targets set out in the National Game Strategy (NGS), as agreed by the NGB, from 2021 to 2024. Our performance indicators that are being set by the FA 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 takes forward the outcomes from the Integrated Review of Defence and Security, the focus on our people remains at the forefront of our Senior Leadership minds as they strive to meet the challenges of the 21[st] Century. The RNFA continue to grow participation at every level regardless of location, quality, and quantity available to ensure that football as the most widely played sport in the Navy, is available to all. The provision of a safe and inclusive culture is pivotal to all that we do and through the guidance of our Trustees and Senior Management Team, we will deliver innovative ideas to broaden access and outreach.

Mindful fiscal management and trusted oversight by our Trustees has ensured our outputs and workforce remain on a sound footing despite the wider COVID induced NGB funding reductions across the County Football Associations. Our investment portfolio alongside our fiscal model, provides us with a sustainable programme with sensible reserves to ensure long term stability, which ensures we can continue to offer training camps and team building events for our people.

The RNFA continues to improve, learn from experience, and most importantly deliver our charitable objectives in the best interests of our football family. This is achieved through the support of our permanent and voluntary staff, the Royal Navy, our Trustees, and the FA and to all, I offer my sincere thanks.

Commander John Gordon RN (Royal Navy) (Executive Chair)

THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES

5

CEO – Steve Johnson

This reporting period was the first full year of activity following Covid 19. Our immediate challenge, and in light of the pandemic, has been to get grassroots football in the Royal Navy back on its feet. The dedication, professionalism, and passion by all staff, in extremely challenging times, adjusting to working from home has been integral to successfully returning to normal operations. I am also immensely grateful to the Trustee Board, for their vital input and financial decisions to utilise reserve funds that have ensured we retained all members of staff even though significant grant cuts from The FA needed to be absorbed.

Being recognised by the national governing body as a traditional County FA, we are the independent, local governing body, responsible for spearheading the strategic development of the game in the Royal Navy, providing administrative functions, while ensuring the game is diverse and inclusive to all. We contribute significantly to the FA’s grassroots strategy “survive, revive, thrive” and crucial to our success is our partnership with the FA. This partnership is committed to serving those that participate and are involved in the game and will positively impact on all who wish to be part of the future Royal Navy Football family.

We will continue our work to 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. We are currently working towards achieving the Equality Standard in Sport foundation level.

As we progress and look at our future delivery, we will certainly be looking to retain our vision, mission and values as our anchor but will be looking to keep lines of communication open with all stakeholders to develop opportunities, to understand the needs of our people and develop projects which address this need within the context of our mission and the Royal Navy’s Operational Commitments. We are very much a forward-thinking organization and so put a great deal of strategic emphasis on our ability to work with our Football family to co-produce our future program delivery.

We built our past by always building for the future. And we are, every day, beginning anew.

Steve Johnson (Chief Executive Officer)

6

THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES

OBJECTIVES AND ACTIVITIES :

Strategic Objectives 2021-24

Recruit 11 new referees, convert 7, retain 35 and progress 2 referees. June 2022 - All areas achieved

Support a diverse, high performing workforce and inclusive culture.

June 2022 - On going

Establish trusted, progressive regulation, administration & governance.

June 2022 - Governance review to be completed by June 2023

Cultivate a safe and inclusive football pathway & environment.

June 2022 - 365 Safeguarding Assessment Nov 2022

Strong reputation and clear brand identity.

June 2022 - 4 Main Sponsors renewed their partnership

Promote a game free from discrimination.

Through Football activities support the delivery of the health and wellbeing plan for the Royal Navy.

Safeguarding

The RNFA are constantly working to make football a safe and enjoyable experience for all. At the start of 2021 season the FA contacted all open-age adult football clubs including those registered to Navy Football to support them in fully understanding their safeguarding responsibilities for under 18's, playing in their team. Every open-age adult club is now required to ensure the safeguarding of any under 18's involved with them. Throughout this reporting period we have supported all our clubs to ensure these requirements are met. This year, we will be assessed by the NSPCC’s Child Protection in Sport Unit the newly appointed Independent Assessors, on meeting the requirements of the FA’s 365 Safeguarding Standard. There is never room for complacency, and here at the RNFA we are committed to keep building on and consolidating this work, so it becomes an integral part of all we do.

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 expand 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:

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:

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 managed by Sarasin, total £96.292k year ending 30[th] June 2022.

RNFA Investment Portfolio (RNRMC - Sarasin) 2022

Month Dividend Year Total Total Withdrawal Core Capital Total
Carried
Forward £13,104 £109,267 £122,371.00
January £121 £121 £13,225 £104,580 £117,805.00
February £131 £252 £13,356 £102,124 £115,480.00
March £121 £373 £13,477 £105,044 £118,521.00
April £66 £439 £13,543 £101,761 £115,304.00
May £235 £674 £13,778 £100,230 £114,008.00
June £175 £849 £13,953 £96,292 £110,245.00

----- Start of picture text -----
£115,000
£110,000 Core Capital 2022
£105,000
£100,000
£95,000
£90,000
£85,000
Carried
January February March April May June
Forward
Series5 £109,267 £104,580 £102,124 £105,044 £101,761 £100,230 £96,292
----- End of picture text -----

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 2022 would be £20,166.

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 notable 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. The Risk register below was reviewed and updated on 30th June 2022. A new risk (10) was added to cover Cyber security.

RNFA Risk Register June 30[th] , 2022

THE ROYAL NAVY FOOTBALL ASSOCIATION REPORT OF THE TRUSTEES

10

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:

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:

The trustees declare that they have approved the trustees’ report for the year ended 30[th] June 2022.

Signed on behalf of the Trustees on 26[th] January 2023

Captain John Lavery MVO – Trustee (Chair)

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 year ended 30 June 2022, which is set out on Pages 12 to 19.

Responsibilities and basis of report

As the charity’s trustees, 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 an 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

29[th] January 2023

ROYAL NAVY FOOTBALL ASSOCIATION

12

INCOME AND EXPENDITURE ACCOUNT

For the year ended 30 June 2022

Note
INCOMING RESOURCES
Incoming Resources from generated funds:
Voluntary Income - Grants and Sponsorship
1
Investment Income
Incoming resources from charitable activities:
Football Development Income
Representative Match 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
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES
NET GAINS(LOSSES) ON INVESTMENT ASSETS
SURPLUS(DEFICIT) FOR THE YEAR
Funds brought Forward 1 July 2021
Funds Carried Forward 30 June 2022		 Unrestricted
Funds
2022
£
12,000
2,118
476
-
819
6,490
203
22,106
1,548
1,366
16,358
3,295
2,175
1,000
21,109
1,486
48,337
(26,231)
(8,488)
(34,719)
203,548
168,829		 Restricted
Funds
2022
£
144,732
-
331
500
1,700
-
-
147,263
2,000
53,081
15,733
1,700
-
-
48,492
-
121,006
26,257
-
26,257
66,626
92,883		 Total
Funds
2022
156,732
2,118
807
500
2,519
6,490
203
169,369
3,548
54,447
32,091
4,995
2,175
1,000
69,601
1,486
169,343
26
(8,488)
(8,462)
270,174
261,712		 Total
Funds
2021
£
126,025
2,508
2,963
-
24
1,221
3
132,744
1,815
50,887
392
559
982
1,000
66,780
4,440
126,855
5,889
11,635
17,524
252,650
270,174

The notes on Pages 16 and 17 form part of this Account

13

ROYAL NAVY FOOTBALL ASSOCIATION

BALANCE SHEET

At 30 June 2022

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 Accounts
- Natwest Current Accounts
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		 2022
£
£
4,897
96,292
101,189
1,231
5,377
101,644
62,030
164
109
170,555
-
2,626
7,406
10,032
160,523
261,712
168,829
92,883
261,712		 2021
£
£
6,383
104,780
111,163
867
18,262
84,586
71,265
774
174
175,928
12,000
1,528
3,389
16,917
159,011
270,174
203,548
66,626
270,174		 2021
£
£
6,383
104,780
111,163
867
18,262
84,586
71,265
774
174
175,928
12,000
1,528
3,389
16,917
159,011
270,174
203,548
66,626
270,174
111,163
159,011
270,174
203,548
66,626
270,174

The Financial Statements on pages 12-19 were approved by the Trustees on the 26[th] January 2023 and signed on their behalf by:

Captain John Lavery MVO – Trustee (Chairman)

The Notes on pages 18-19 form part of this Balance Sheet.

ROYAL NAVY FOOTBALL ASSOCIATION 14

NOTES TO THE ACCOUNTS For the year ended 30 June 2022

1. BASIS OF PREPARATION

2. ACCOUNTING POLICIES

NOTES TO THE ACCOUNTS For the year ended 30 June 2022

ACCOUNTING POLICIES - continued

ROYAL NAVY FOOTBALL ASSOCIATION

16

SCHEDULES TO THE INCOME AND EXPENDITURE ACCOUNT

For the year ended 30 June 2022

1.
GRANTS AND SPONSORSHIP
RN Sports Charity Grant
FA Development Plan Grant
Other FA Grants
Sports Lottery Grants
FA Salary Grants
Sponsorship:
- ESS
- Carbon 60
- Thales
- Lockheed Martin
Donations:
- RNFA Supporters Club
Other Income
- Goodwill Gesture
2.
COMPETITION INCOME
Navy Cup
Inter-Regional Cup
Discipline Income - Administration Charge
3.
REFEREES' INCOME
Registrations
Course Fees
Development
4.
OTHER INCOME
Inflatable Hire
Surplus(Deficit) on Sale of Football Tickets		 Unrestricted
Funds
2022
£
-
-
-
-
-
10,000
-
-
-
2,000
-
12,000
300
-
519
819
1,290
5,100
100
6,490
50
153
203		 Restricted
Funds
2022
£
26,000
3,338
6,000
25,147
77,205
1,042
2,000
4,000
-
-
-
144,732
-
1,700
-
1,700
-
-
-
-
-
-
-		 Total
Funds
2022
£
26,000
3,338
6,000
25,147
77,205
11,042
2,000
4,000
-
2,000
-
156,732
300
1,700
519
2,519
1,290
5,100
100
6,490
50
153
203		 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

17

ROYAL NAVY FOOTBALL ASSOCIATION

NOTES TO THE INCOME AND EXPENDITURE ACCOUNT

For the year ended 30 June 2022

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 Womens 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
Staff Healthcare
Secretary's Expenses
Accountancy
8.
DEPRECIATION
Office Equipment
Motor Vehicle		 Unrestricted
Funds
2022
£
829
537
-
-
-
1,366
5,876
4,275
2,480
3,727
16,358
296
404
-
1,112
156
360
368
443
12,537
-
1,292
-
4,141
21,109
286
1,200
1,486		 Restricted
Funds
2022
£
3,127
41,293
2,688
3,509
2,464
53,081
4,500
-
-
11,233
15,733
-
-
1,042
-
-
-
-
-
42,672
3,689
-
1,089
-
48,492
-
-
-		 Total
Funds
2022
£
3,956
41,830
2,688
3,509
2,464
54,447
10,376
4,275
2,480
14,960
32,091
296
404
1,042
1,112
156
360
368
443
55,209
3,689
1,292
1,089
4,141
69,601
286
1,200
1,486		 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
4,154
4,440

ROYAL NAVY FOOTBALL ASSOCIATION

18

NOTES TO THE ACCOUNTS

For the year ended 30 June 2022

9. TANGIBLE ASSETS

At 1 July 2021
LessAccumulated Depreciation
Net Book Value at 30 June 2022		 Total
£
17,063
(12,166)
4,897		 Equipment
£
5,063
(4,966)
97		 Motor
Vehicle
£
12,000
(7,200)
4,800

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 2022 2021
£ £
RNRMC 96,292 104,780

The RNRMC Investment valuation is taken from Cazenove Capital's Investment Fund Schedule as at 30 June 2022.

11. SUNDRY DEBTORS

SUNDRY DEBTORS
Sports Lottery re Secretary
Sports Lottery re Salaries and Pensions
Coaching Courses
Prepayments
Others		 2022
£
-
-
2,203
3,154
20
5,377		 2021
£
4,766
8,000
132
3,144
2,220
18,262

ROYAL NAVY FOOTBALL ASSOCIATION

19

NOTES TO THE ACCOUNTS

For the year ended 30 June 2022

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		 2022
3,360
781
4,141
90,647
4,837
6,377
1,438
103,299		 2021
3,300
917
4,217
88,424
4,531
6,167
212
99,334

13 TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

There were no transactions with related parties.