|Report of the|Trustees|||1|to|4| |---|---|---|---|---|---|---| |Independent|Examiner's|Report||||| |Statement
of|Financial|Activities||||| |Balance Sheet||||||| |Notes to the Financial Statements||||8|to|15| |Detailed Statement
of Financial|||Activities||16|| ## ## ## ## ## ## ## ## ## ## ## ## ## |for the year ended 31|December|2020|||||| |---|---|---|---|---|---|---|---| |||||||2020|2019| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| ||||Notes|E|E|E|E| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies|||2|40,838|110,664|151,502|249,459| |Investment
income|||3|10895|9,580|20 475|25 482| |Total||||51,733|120,244|171,977|274,941| |EXPENDITURE ON|||||||| |Raising funds||||123,012||123,012|91,354| |Charitable
activities|||||||| |Charitable
activities||||7,370|(5,656)|1,714|244,570| |Total||||130,382|(5,656)|124,726|335,924| |Net gains on investments||||14533|12 894|27 427|70 004| |NET INCOME/(EXPENDITURE)||||(64,116)|138,794|74,678|9,021| |Transfers
between|funds||13|25 585|~25,585)||| |Net movement
in funds||||(38,531)|113,209|74,678|9,021| |RECONCILIATION
OF FUNDS|||||||| |Total funds brought|forward|||356,272|267,955|624,227|615,206| |TOTAL FUNDS CARRIED FORWARD||||317,741|381 164|698,905|624,227| ## |||||||2020|2019| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| ||||Notes|E|f||E| |FXXEDASSETS|||||||| |Investments|||9|316,537|280,849|597,386|569,959| |CURRENT ASSETS|||||||| |Debtors|||10|2,724|5,345|8,069|36,941| |Cash at bank and||in hand|11||129,640|129640|72 402| |||||2,724|134,985|137,709|109,343| |CREDITGRS|||||||| |Amounts
falling|due within one year||12|(1,520)|(34,670)|(36,190)|(55,075)| |NET CURRENT|ASSETS|||1,204|100,315|101,519|54,268| |TOTAL ASSETS||LESSCURRENT LIABILITIES||317,741|381,164|698,905|624,227| |||||317741|381164|698905|624 227| |FUNDS|||13||||| |Unrestricted
funds||||||317,741|356,272| |Restricted
funds||||||381,164|267 955| |TOTAL FUNDS||||||698905|624 227| ## ## ## ## ## ## ## |||||||2020|2019| |---|---|---|---|---|---|---|---| |||||||f|f| |Funding
received
from||other charitable||trusts:|||| |Nuffield
Trust for Forces|||of the Crown|||77,714|114,787| |Army Sports Control|Board Charity|||||30,000|30,000| |RAF Charitable
Trust
Reserve Forces' and|Cadets' Associations||||(Wessex, Lowland 5 London)|2,950
7,000|32,267
11,000| |Cadogan
Charities|||||||10,000| |Samarez Investments/Sir|||James Knott|Trust||7,000|7,000| |Anton Jurgen
Charitable|||Trust||||7,000| |The Lord Farringdon|Trust|||||5,000|5,000| |Clive and Sylvia Richards|||Charity|||5,000|5,000| |Dyers Company|||||||4,000| |Tobacco and Pipe Makers|||Benevolent|Fund|||3,000| |Armourers
and Braziers||Company||||2,000|2,000| |Other amounts
received:|||||||| |Total donations
received|||from private|benefactors||13,538|15,002| |Top Interim. corn Ltd|||||||500| |Gift aid||||||1 300|2 504| |||||||151,502|249,459| |INVESTMENT INCOME|||||||| |||||||2020|2019| |||||||E|E| |Bank deposit interest|-|Cadet Fund (allocated)|||||77| |Bank deposit interest|-|General
Fund (allocated)||||86|192| |Dividends
—BLKArmed||Forces Charities|||Growth 5 Income Units|20,389|23,084| |Realised
gain on Unit|Trust units sold||||||2,129| |||||||~20 475|~25 482| |RAISING FUNDS|||||||| |Raising donations|and||legacies||||| |||||||2020|2019| |||||||E|E.| |Staff costs||||||41,986|85,291| |Other fundraising
costs||||||3,267|6,063| |Consultancy||||||77 759|| |||||||123,012|91 354| ## |Charitable
activities co|sts comp|ri|se:|||||| |---|---|---|---|---|---|---|---|---| ||||||||2020|2019| ||||||||f|f| |Restricted
expenditure:||||||||| |Grants
paid and payable
(net of|||repayments):|||||| |Reservists:||||||||| |Defence Technical
Undergraduate|||Scheme|||||269| |University
Units (OTCs,|URNUs,||UA Squadrons)||||4,290|38,346| |Operational
Unit (Reservists)|||||||26,430|76,172| |Cadets:||||||||| |Sea Cadet Corps
86 Royal Marine|||Cadets|||||26,632| |Combined
Cadet Force|(Navy)||||||1,600|3,045| |Combined
Cadet Force|(Army)||||||4,150|16,954| |Combined
Cadet Force|(Air)||||||750|3,825| |Army Cadet Force||||||||39,427| |Air Training
Corps|||||||2,200|29,474| |Total grants|||||||39,420|234,144| |Less: refunds
received|in respect||of prior year|grants:||||| |Reservists
Cadets|||||||(22,676)
~22 400)|| |Total restricted
- net (gain)/outlay|||on grant making||||~5,656)|234 144| |Unrestricted
expenditure:||||||||| |Administrative
expenditure:||||||||| |Cost of meetings|||||||1,176|925| |Office costs|||||||1,065|1,216| |IT and sundry
expenses|||||||2,105|5,328| |Governance:||||||||| |Trustees'
expenses|||||||24|1,157| |Independent
examiner's|fees||||||3,000|1,800| |Total unrestricted|||||||7 370|10,426| |Total charitable
expenditure|||||||1,714|244 570| |The net total of grants
made above includes;||||||||| |Grants
made
Grants underspent/expeditions||cancelled/grants||returned,|including|prior years|120,631
~126,267)|250,'}90
~16,346)| |Net (gain)/outlay
on grant
making|||||||~5656)|234, 144| ## ## |7.|STAFF COSTS||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||2020|2019| ||||||||||f| ||Wages and salaries|||||||38,035|76,500| ||Social security costs|||||||2,576|5,191| ||Other pension costs|||||||1,375|~3600| |||||||||41,986|85,291| ||The average
monthly|number||of|employees||during the year was as follows:||| |||||||||2020|2019| ||Fund raising|||||||1|2| ||No employees
received||emoluments|||in excess off60,000.|||| ||The average
number|of|Full Time||Equivalent||staff was 1.2 (2019:1.64).||| ||COMPARATIVES FOR||THE STATEMENT||||OF FINANCIAL ACTIVITIES||| ||||||||Unrestricted|Restricted|Total| ||||||||funds|funds|funds| ||||||||E|E|E| ||INCOME AND ENDOWMENTS||||FROM||||| ||Donations
and legacies||||||69,405|180,054|249,459| ||Investment
income||||||14,844|10,638|25,482| ||Total||||||84,249|190,692|274,941| ||EXPENDITURE ON||||||||| ||Raising funds||||||91,354||91,354| ||Charitable
activities||||||||| ||Charitable
activities||||||35,263|209,307|244,570| ||Total||||||126,617|209,307|335,924| ||Net gains on investments||||||37 093|32911|70,004| ||NET INCOME/(EXPENDITURE)||||||(5,275)|14,296|9,021| ||RECONCILIATION|OF|FUNDS||||||| ||Total funds brought|forward|||||361,547|253,659|615,206| ||TOTAL FUNDS CARRIED FORWARD||||||356 272|267 955|624 227| ||||||||||||Listed| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||investments| ||||||||||||E| ||MARKET VALUE||||||||||| ||At 1january|2020|||||||||569,959| ||Revaluations||||||||||27,427| ||At 31 December||2020||||||||597386| ||NET BOOK|VALUE|||||||||| ||At 31 December||2020||||||||597,386| ||At 31 December||2019||||||||569,959| ||There were no investment||||assets outside the|UK.|||||| ||Investments|at the end||of the year are attributable|||as follows:||||| ||Future Development
Fund||||(Designated)|||||316,537|| ||Army Cadet Long-Term|||Fund (Restricted)||||||280,849|| ||Total|||||||||597|386| |10.|DEBTORS: AMOUNTS|||FALLING DUE WITHIN|||ONE YEAR||||| ||||||||||2020||2019| ||||||||||E||f| ||Other debtors||||||||2,975||31,847| ||Prepayments|and|accrued||income||||5,094||5,094| ||||||||||8,069||36,941| ||Debtors at the end of the year are attributable|||||as|follows:||||| |||||||||||f|| ||General
(unrestricted)|||||||||2,724|| ||Restricted:||||||||||| ||Cadets|||||||||5 345|| ||Total|||||||||8 069|| |11.|CASH AT BANK||AND IN||HAND||||||| ||Cash at bank|and|in hand|at the end of the year is|||attributable|as follows:|||| ||Restricted:||||||||||| ||Cadets|||||||||34,000|| ||Nuffield
Trust|||||||||95,640|| ||Total|||||||||129640|| ## ## |CREDI|TORS: AMOUNTS
FALLING DUE WI|THIN ONE YEAR||| |---|---|---|---|---| ||||2020|2019| ||||E|E| |Other creditors|||~36 190|~55 075| |Creditors|at the end ofthe year are attributable|as follows:||| |General|(unrestricted)|||1 520| |Restricted:||||| |Cadets||||8,700| |Nuffield|Trust|||25,970| |||||34,670| |Total||||36 190| ## ## |MOVEMENT|IN FU|ND|S||||| |---|---|---|---|---|---|---|---| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 1.1.20|in funds|funds|31.12.20| |||||)r|E|E|E| |Unrestricted|funds||||||| |General Reserve Fund||||54,268|(89,459)|36,395|1,204| |Future Development||Fund||302 004|25,343|~10810)|316537| |||||356,272|(64,116)|25,585|317,741| |Restricted funds|||||||| |Army Cadet Long-Term|||Fund|267,955|18,323|(5,429)|280,849| |Cadet Reserve|Fund||||50,801|(20,156)|30,645| |Nuffield Trust|for Armed||Forces ofthe||||| |Crown|||||69 670||69 670| |||||267,955|138,794|~25,585)|381,164| |TOTAL FUNDS||||624 227|74 678||698 905| |Net movement|in funds,||included
in the above are as follows:||||| |||||Incoming|Resources|Gains and|Movement| |||||resources|expended|losses|in funds| |||||E|E|f|E| |Unrestricted|funds||||||| |General
Reserve
Fund||||40,923|(130,382)||(89,459)| |Future Development||Fund||1D 81D||14533|25 343| |Restricted funds||||51,733|(130,382)|14,533|(64,116)| |Army Cadet Long-Term|||Fund|9,579|(4,150)|12,894|18,323| |Cadet Reserve|Fund|||30,001|20,800||50,801| |Nuffield Trust|for Armed||Forces of the||||| |Crown
Air Cadet Fund||||77,714
2 95D|(8,044)
~2,950)||69,670| |||||120 244|5,656|12 894|138794| |TOTAL FUNDS||||171977|~124,726)|27,427|74 678| ## ## ||||||Net|| |---|---|---|---|---|---|---| ||||||movement|At| |||||At 1.1.19|in funds|31.12.19| |||||E|E|f| |Unrestricted
funds||||||| |General|Reserve Fund|||78,764|(24,496)|54,268| |Future|Development|Fund||282,783|19,221|302 004| |Restricted funds||||361,547|(5,275)|356,272| |Army Cadet Long-Term|||Fund|235,044|32,911|267,955| |Cadet Reserve
Fund||||18,615|~10,615)|| |||||253 659|14296|267 955| |TOTAL|FUNDS|||615,206|9 021|624 227| ## |||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---|---| |||||resources|expended|losses|in funds| |||||f|E|E|E| |Unrestricted|funds||||||| |General
Reserve Fund||||69,597|(94,093)||(24,496)| |Future Development||Fund||14652|~32 524)|37093|19221| |Restricted funds||||84,249|(126,617)|37,093|(5,275)| |Army Cadet Long-Term|||Fund|10,561|(10,561)|32,911|32,911| |Cadet Reserve|Fund|||33,077|(51,692)||(18,615)| |Nuffield Trust|for Armed||Forces of the||||| |Crown||||114,787|(114,787)||| |Air Cadet Fund||||32 267|~32,267)||| |||||190 692|(209 307)|32911|14 296| |TOTAL FUNDS||||274,941|(335,924)|70,004|9,021| ## ## ## ||||||||2020|2019| |---|---|---|---|---|---|---|---|---| ||||||||E|f| |INCOME AND ENDOWMENTS||||||||| |Donations
and legacies||||||||| |Donations|||||||150,202|246,955| |Gift aid|||||||1300|2,504| ||||||||151,502|249,459| |Investment
income||||||||| |Bank deposit interest|- Cadet Fund (allocated)|||||||77| |Hank deposit interest|- General|||Fund (allocated)|||86|192| |Dividends
—BLKArmed Forces|||Charities||Growth|S.||| |Income Units|||||||20,389|23,084| |Realised
gain on Unit|Trust units|||sold||||2,129| ||||||||20 475|25 482| |Total incoming
resources|||||||171,977|274,941| |EXPENDITURE||||||||| |Raising donations|and legacies|||||||| |Wages|||||||38,035|76,500| |Social security|||||||2,576|5,191| |Pensions|||||||1,375|3,600| |Other fundraising
costs|||||||3,267|6,063| |Consultancy|||||||77,759|| ||||||||123,012|91,354| |Charitable
activities||||||||| |Costs of meetings|||||||1,176|925| |Office costs|||||||1,065|1,216| |IT and sundry expenses|||||||2,105|5,328| |Grants made|||||||120,631|250,490| |Grants underspent/expeditions|||cancelled||||6126,287)|~16,346)| |Support costs|||||||(1,310)|241,613| |Governance
costs||||||||| |Trustees' expenses|||||||24|1,157| |Accountancy
and legal fees|||||||3,000|1,800| ||||||||3,024|2,957| |Total resources expended|||||||124726|335 824| |Net income/(expenditure)
before gains and||||||||| |losses|||||||47,251|(60,983)| |Unrealised
recognised||gains|and losses|||||| |Unrealised
gains/(losses)||on fixed asset||||||| |investments|||||||27 427|70 004| |Net income|||||||74,678|9,021|