OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Company number: 10445616 Charity Number: 1170994 Scottish Charity Number: SC048021

Report and financial statements

For the eight months ended 31 March 2021

Combined Cadet Force Association

Contents

For the eight months ended 31 March 2021

Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 3 Independent auditor’s report ....................................................................................................... 15 Statement of financial activities (incorporating an income and expenditure account) ................... 20 Balance sheet ............................................................................................................................... 21 Statement of cash flows ................................................................................................................ 22 Notes to the financial statements ................................................................................................. 23

Combined Cadet Force Association

Reference and administrative information

For the eight months ended 31 March 2021

Company number 10445616 Country of incorporation United Kingdom Charity number 1170994 SC048021 Country of registration England & Wales Scotland Registered office Holderness House and operational address 51-61 Clifton Street London EC2A 4DW

Captain General of the CCF Her Majesty The Queen

Trustees Trustees, who are also directors under company law, who served during the period and up to the date of this report were as follows:

Vice Admiral PD Hudson CB CBE President
Air Vice-Marshal NDA Maddox CBE Chair
Mr M Hampshire * ^ Vice Chair
Ms JYW Hodgson * Treasurer
Mr MS Blackford
Mr JJ Bleakley῀
Mrs FL Chapman (appointed 26 Jan 2021)
Mr SA Davies
Mr M Godfrey (resigned 26 Jan 2021)
Mr RK Gordon
Mr MH Green MBE (resigned 26 Jan 2021)
Mr MZ Hamid
Mr A Hudson
Mrs AC Martin *
Mr SJ McMenemy *
Mr DW Montgomery ^
Mrs GS Poulet-Bowden
Ms AW Reynolds ^ (resigned 26 Jan 2021)
Mr MP Ripley
Mr C Thompson
Mr NJ Woodall
Mrs J Taylor (co-opted member)
Mr M Mortimer (co-opted member)
Col A Lamb MBE CCF (co-opted member)
Mr D Haigh (co-opted member)

1

Combined Cadet Force Association

Reference and administrative information

For the eight months ended 31 March 2021

Key management Colonel MNS Urquhart OBE Chief Executive personnel Mr RA Walton Deputy Chief Executive Bankers Lloyds Bank plc Butler Place London SW1H 0PR Investment Waverton Investment Management managers 16 Babmaes Street London SW1Y 6AH Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor Invicta House 108-114 Golden Lane London EC1Y 0TL

2

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

The trustees present their report and the audited financial statements for the eight months ended 31 March 2021.

Reference and administrative information set out on page 1 and 2 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association, the requirements of a directors’ report as required under company law, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

The Combined Cadet Force Association has three charitable objects:

The charity’s first purpose is therefore to ensure access to activities that will educate, develop and broaden the interests of the 46,070 young people who are cadets in the Combined Cadet Force (CCF). These young people are involved in one of 474 school-based CCF Contingents across the whole of the UK. The Association looks to enhance their development both through the delivery of support to contingents and by the making of grants to support individual cadets; to help new contingents to become established in state schools; or, to help existing contingents to improve their resilience and so ensure they are able to deliver development opportunities to young people for many years to come.

In support of the charity’s second object the Association offers grants to enable cadets to take part in a wide range of activities. The charity supplies information regarding the setting up of a CCF Contingent to schools which have no contingents and to other interested organisations or persons. Finally, the charity carries out functions in the interests of the CCF as a whole such as the provision of insurance cover against accidents, travel difficulties and legal help.

To further the charity’s third object the charity helps administer the national CCF First Aid competition and contributes to the delivery of courses for CCF adult volunteers. The charity also co-ordinates opportunities for cadets to take part in major national activities, such as the annual

3

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

remembrance weekend activities. Both the trustees and the staff of the charities invest time in promoting the ethos and activities of the CCF to wide audiences including school leadership and local communities as well as supporting CCF adult volunteers with access to information and introductions to useful organisations and individuals.

Although the charity has no executive role in the running of the CCF, which is the responsibility of the MOD and single services in partnership with schools, it is part of the national framework steering the CCF and its activities. The Chair and Chief Executive attend high level MOD steering group meetings. Also, through its open board meetings, the charity provides another forum for the MOD, single services and schools to exchange views.

The trustees review the aims, objectives and activities of the charity each year in the light of these charitable objects. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focussed on its stated purposes.

The enduring priority for Association’s trustees is to ensure that young people are able to develop through membership of the CCF. This means a focus on some key areas:

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

Grant Programmes

The Association primarily furthers its objects through the awarding of grants to individual cadets and adult volunteers, or to CCF contingents. It runs two grant programmes: the Small Grants Programme and the Contingent Growth Fund. Two closed grant programmes: the Cadet Bursary Fund, and the CCF Sustainability Fund are no longer making new grants but continue to make grant payments agreed in the past. The remaining restricted funds which were given to CCFA for use in the Cadet Bursary fund were released (with the kind permission of the MoD) to further other activities of the Association. The Association makes grants on the following basis:

4

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

Impact of Coronavirus Restrictions on the Charity’s Operation

The charity’s executive staff have continued to work from home throughout this period and they and the trustees have continued to conduct the usual full range of business work effectively, efficiently and productively making full use of Zoom video meetings.

The Charity’s primary activity is grant giving and is driven by applications from CCF contingents for their planned training activity. Despite proactive advertisement by the charity’s staff, the demand for grants effectively dried up, which is not a surprise given that the second and third pandemic lockdowns dominated this short reporting period, therefore contingents were not conducting activities requiring grants.

Our income for the coming year is likely to be reduced slightly but the charity is healthy enough to weather that storm. Our investment income is likely to be reduced in the short term. In the medium term the trustees are alive to the possibility that anticipated Government funding cuts might lead to a reduction in income. In this situation the charity may need to prioritise particular activities. The charity is looking at a range of options as to the best way to effectively discharge its objects.

Achievements and performance

The charity's main activities and who it tries to help are described below. All its charitable activities focus on the cadets, volunteers and contingents of the CCF and are undertaken to further the Combined Cadet Force Association’s charitable purposes for the public benefit.

The performance of the Association’s grant programmes in the year was:

5

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

Beneficiaries of our services

The main way in which the Association delivers benefit to its beneficiaries is through the provision of grants. As explained earlier in the report grants are made either to support the contingent and its ability to deliver the cadet programme, or to individual cadets to enable them to access the full range of opportunities in their contingent.

In order to measure the difference that these grants have made the trustees ask for reports from grant recipients. These detail the impact of the grant and are used to help the trustees to decide both what funding to bid for and how best to structure the Association’s grant programmes in the future.

Some examples of the impact on the beneficiaries detailed in the last section of this report include:

6

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

has also contributed to the growth of their CCF, with numbers due to nearly double as “the contingent’s ability to provide practical and interesting training, added by the grant, has resulted in 26 applications to join from September 2021.”

Financial review

The statement of financial activities for the period is set out on page 19 of the financial statements. A summary of the financial results and the work by the Association is set out below.

Income for the eight months ended 31 March 21 included donations and legacies of £187,913 (2020 – £498,400), income for supporting contingents of £NIL (2020 – £1,664,918) which reflects a large one-off grant received in the prior year, income for supporting cadets and volunteers of £31,043 (2020 - £25,408) and investment income and interest of £13,839 (2020 - £23,280). Total gross income amounted to £232,795 (2020 - £2,221,684).

Expenditure for the period comprised costs of raising funds of £300 (2020 - £600), costs of activities in support of contingents increased to £1,640,540 (2020 – £593,291) which reflects the planned expenditure against the larger grant programmes using funds in hand and costs of supporting cadets and volunteers of £16,826 (2020 – £17,502). Total expenditure amounted to £1,657,666 (2020 - £611,393).

Net expenditure for the year before investment gains/(losses) amounted to £1,424,871 (2020 – net income of £1,610,291).

The trustees expect the charity to exist in perpetuity and its investment policy is designed to support the long-term financial health of the charity. The Association adopted a new investment policy in October 2020; its stated objectives are to:

The Association has adopted a total return approach to investment, generating the investment return from income and capital gains or losses. It is expected that if in any one year the total

7

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

return is insufficient to meet the growth target, in the long term the real value of the investments will still grow in accordance with the investment objectives above.

The Association has decided not to invest in assets that the trustees consider to be contrary to the spirit of its objects. In particular tobacco, alcohol and pornography are to be excluded from our investments. The trustees have agreed a process with our investment managers as to how these restrictions are to be applied.

During the year net gains on the fair value of investments amounted to £45,532 (2020 – net losses of £2,292). The investment objective is to generate a return of CPI plus 3% per annum over the medium term. The six-year average (CPI + 3%) to the end of Mar 21 has been calculated as 4.57%. This compares to a four reporting-period average return of 5.77% in the portfolio since the move of investment managers. The trustees recognise that a four reporting-period average is a shorter period than the six-year average that is the benchmark and are therefore satisfied with the investment performance in the year.

In order to support the efficient delivery of our grant programmes and to efficiently manage cash flow, the trustees have directed that funds earmarked for grant making are to be held in cash deposit accounts of no more than 24 months in duration. At the end of 2021 the funds held on deposit were £1.6m.

Principal risks and uncertainties

The trustees examine the major risks that the Association faces each financial year during routine board meetings and in meetings between the senior trustees and the Chief Executive. The charity has systems in place to monitor and control these risks to mitigate any impact that they may have on the Association's activities in the future.

The key risks for the charity, as identified by the trustees, are described below together with the principal way in which they are mitigated:

8

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

Reserves policy and going concern

The CCFA adopted a new Reserves Policy in December 2019. The purpose of the policy is to ensure the ongoing operations of the charity are protected in the event of a sudden decline in the financial health of the charity. The reserve is intended to provide an internal source of funds for situations such as a sudden increase in expenses, one-time unbudgeted expenses, unanticipated loss in funding, or uninsured losses. The reserve may also be used for one-time, non-recurring expenses that will build long-term capacity, such as staff development or investment in infrastructure.

The reserve is defined as unrestricted funding that has not been designated for a specific purpose. The reserve will be an amount sufficient to maintain ongoing operations and programs for three to six months. The reserve will be reviewed and adjusted in response to internal and external changes. The target minimum reserve fund is equal to 3 months of operating costs and is calculated at the start of the year based on the budget. This year the minimum level of reserves was calculated as £425,403 (2020 - £425,366).

From time to time the trustees might choose to designate funds for long term investment in order to realise an income that can be used to further the charity’s objects. These funds will not be counted as part of the charity’s free reserves.

Actual free reserves in 2021 were £491,283 (2020: £509,333).

This means that free reserves are approximately £66K or 13% (2020 - £84K or 16%) in excess of the minimum level of reserves. The trustees are content that reserves are within the target level.

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

9

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

Fundraising

The charity is not a member of the Fundraising Regulator because it does not engage in the kind of fundraising activity that would make this a requirement. The charity’s approach to fundraising activity is to seek grants from organisations in order to achieve a particular aim, for example to invest in the sustainability of existing CCF contingents. Where an individual or group with an interest in the cadet movement would like to support cadets, we invite them to donate to the CCFA. We do not use a professional fundraiser or a commercial participator.

We offer the facility for individuals to make one off or repeat donations online and offer membership of the CCFA to repeat individual donors or CCF Contingents. We have received no complaints about fundraising.

We do not contact our members or supporters to solicit donations, although this is something we might consider doing should we have a specific fundraising objective in the future.

Plans for the future

The Association intends to consider how best to support the vastly increased number of CCF contingents now HM Government’s Cadet Expansion Programme has ended. In particular the trustees are keen to ensure that they retain the long-term ability to make appropriate grants to support the CCF.

In terms of the future governance of the charity the trustees consider that a review will be in order over the course of the next year. They recognise that the CCFA has a particularly large board of trustees and intends to undertake a review to ensure that the board has the knowledge, skills and experience required to govern the charity effectively. The trustees are also concerned that the objects may need to be updated to reflect the fact that the CCF and the CCFA are distinct and separate organisations. Over the next two years a review of the objects will be conducted to ensure they are properly charitable and fit for purpose.

The CCFA has approached the Charity Commission for Northern Ireland and attempted to register with them as the charity operates in Northern Ireland. The commission has responded to say that they are in the process of registering charities that are not regulated by another UK charity regulator first and will contact the CCFA when they are ready to process our application.

In terms of grant giving activity, CCFA continues to work with a range of funders to identify sources of funding for sustainability projects to prevent the closure of CCF Contingents in schools that are struggling to keep their contingent going. The trustees are grateful to the Gareth Neame Foundation for providing continued funding to enable the small grants programme to continue. The Government has stated that it would like to see an increase the overall number of young people involved in cadet activity and the trustees are in discussions with the charity’s funders and partners to work out how best to support this aspiration.

10

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

Structure, governance and management

The Combined Cadet Force Association (CCFA) is a registered charity and a company limited by guarantee, not having a share capital. The entity was incorporated on 25 October 2016 and registered as a charity with the Charity Commission for England and Wales on 5 January 2017 and the Office of the Scottish Charity Regulator on 22 December 2017. It is governed by its memorandum and articles of association which were adopted on 4 October 2016. This arrangement replaced an earlier construct of the CCFA which was constituted by a trust deed and registered with the Charity Commission in 1963 under charity number 305988. The assets of this earlier version of the CCFA were transferred to the new construct which was duly re-registered with the Charity Commission under charity number 1170994.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 8 to the accounts.

The part time Chief Executive of the charity is Colonel (Retired) Murdo Urquhart OBE, who heads a small team of staff comprising Richard Walton, the part time Deputy Chief Executive, and five fulltime equivalent members of staff who carry out particular functions across the UK.

The annual budget is agreed by the Finance and Compliance Committee. The senior trustees (President, Chair, Vice Chair, and Treasurer) are consulted by the Chief Executive on a regular basis and on all matters that are considered by him to be strategic, novel or contentious. These consultations are largely conducted by video conference, telephone and e-mail or at informal “management board” meetings.

There are a number of formal trustee meetings. The CCFA Board of Trustees meets twice per year. Amongst other papers the Board receives:

The Board has two sub committees and one joint sub-committee with its sister charity, the ACFA. The Finance and Compliance Committee carries out the overall financial management of the Association (including agreeing the annual budget, the raising, investment and direction of funds, and the oversight of financial processes) and the regular review of the charity’s governance arrangements. The Committee consists of the Treasurer, the Vice Chair, the Legal and Governance Adviser and the School Finance Adviser. It meets four times per year after the end of each financial quarter and reports at both board meetings.

The second sub-committee is the Grants Committee, chaired by the Vice Chair and including at least two other trustee members. This committee sets the overall policy for grants and makes decisions about which applications to fund. It considers applications approximately three times per year.

11

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

The Joint ACFA and CCFA HR and Remuneration Committee includes two CCFA trustees (the Treasurer and Legal Adviser). It exercises the trustees’ responsibilities for oversight of the remuneration of the CCFA’s employees. In setting the salary levels for the Association the trustees carry out a comparison with a suitable benchmark. The HR and Remunerations Committee is tasked each year to ensure that all salaries, including those of the senior officers of the charity, are commensurate with this measure. This includes a review of the salary bands.

Appointment of trustees

Trustees are appointed for a period of three years and encouraged to serve for no more than two terms to ensure regular turnover of trustees. Where a successor cannot be found a trustee could stand for re-election and there is no restriction in the articles on the number of times an individual can stand for re-election.

Trustees are considered to be one of two “types” (with identical rights and obligations). The first type is a serving CCF Contingent Commander who is elected to represent the CCF Contingents in one of 13 regions of the UK. The second type of trustee is a private individual who is recruited to bring particular skills to the board in order to improve the ability of the trustees to govern the charity.

The core of the board of trustees are the representative contingent commanders. Careful thought by the management board goes into ensuring that they represent a fair balance of: state and independent schools; and Royal Navy, Army and RAF contingents.

The process for identifying new trustees is twofold. In the case of representative contingent commanders, when replacements are required, volunteers are sought from within the members of the relevant region. Ideally this is done during regional conferences when it is transparent to all present. In the case of trustees with specialist knowledge and experience, any means will be used to find the right person. The process for advertising for and recruiting trustees will be considered as part of the upcoming governance review.

If a trustee is appointed during the year they are co-opted by the trustees and then formally elected at the next AGM for a period of three years.

Trustee induction and training

There are four parts to trustees’ induction. They:

12

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

Related parties and relationships with other organisations

The Association has relationships with all CCF Contingents and officers from 12 contingents are trustees of the CCFA. The trustees ensure that they keep good records of who is associated with which contingent and absent themselves from any decision making that could give a real or perceived benefit to their contingent (most commonly the award of a grant). Such related party transactions are disclosed in note 10 to the accounts.

The charity shared offices and staff with a sister charity, the Army Cadet Force Association (305962). The two charities employ staff on joint contracts which are managed through the Army Cadet Force Association and the staff costs relating to CCFA are recharged on a monthly basis. In addition, the Treasurer, Julia Hodgson, works for the Bank of England which has a role in prudential regulation and she therefore takes no part in discussions or decisions relating to the charity’s investment plans and portfolio.

Remuneration policy for key management personnel

The Trustees consider that they together with the Chief Executive and the Deputy Chief Executive comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day to day basis.

All employees are jointly contracted by CCFA with our sister charity the Army Cadet Force Association. Oversight of the staffing arrangements is exercised through the joint ACFA and CCFA HR and Remunerations Committee as described above.

Statement of responsibilities of the trustees

The trustees (who are also directors of the Combined Cadet Force Association for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

13

Combined Cadet Force Association

Trustees’ annual report

For the eight months ended 31 March 2021

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company 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 are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2021 was 347 (2020: 229). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditor

Sayer Vincent LLP was reappointed as the charitable company's auditor during the year and has expressed its willingness to act in that capacity.

The trustees’ annual report has been approved by the trustees on 17 August 2021 and signed on their behalf by

Air Vice Marshal Nigel Maddox CBE Chair

14

Independent auditor’s report

To the members of

Combined Cadet Force Association

Opinion

We have audited the financial statements of Combined Cadet Force Association (the ‘charitable company’) for the period ended 31 March 2021 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Association's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

15

Independent auditor’s report

To the members of

Combined Cadet Force Association

Other Information

The other information comprises the information included in the trustees’ annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

16

Independent auditor’s report

To the members of

Combined Cadet Force Association

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

17

Independent auditor’s report

To the members of

Combined Cadet Force Association

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose.

18

Independent auditor’s report

To the members of

Combined Cadet Force Association

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Judith Miller (Senior statutory auditor)

7 December 2021

for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

19

Combined Cadet Force Association

Statement of financial activities (incorporating an income and expenditure account)

For the period ended 31 March 2021

For theperiod ended 31 March 2021
Note
Income from:
2
3
4
Other income
5
5
5
13
7
Reconciliation of funds:
Donations and legacies
Charitable activities
Supporting contingents
Supporting cadets and volunteers
Raising funds
Total expenditure
Net (expenditure)/income before net
gains/(losses) on investments
Charitable activities
Supporting contingents
Supporting cadets and volunteers
Investments
Total income
Expenditure on:
Total funds brought forward
Net gains/(losses) on investments
Net income / (expenditure) for the year
Total funds carried forward
Transfers between funds
Net movement in funds		 Unrestricted
£
152,470
-
21,043
13,839
-		 Restricted
£
35,443
-
10,000
-
-		 8 months
ended 31
March
2021
Total
£
187,913
-
31,043
13,839
-		 Unrestricted
£
421,540
1,604,030
15,408
23,280
9,678		 Restricted
£
76,860
60,888
10,000
-
-		 12 months
ended 31
July
2020
Total
£
498,400
1,664,918
25,408
23,280
9,678
187,352 45,443 232,795 2,073,936 147,748 2,221,684
300
1,520,053
15,626		 -
120,487
1,200		 300
1,640,540
16,826		 600
240,184
10,007		 -
353,107
7,495		 600
593,291
17,502
1,535,979 121,687 1,657,666 250,791 360,602 611,393
45,532
(1,348,627)		 -
(76,244)		 45,532
(1,424,871)		 (2,292)
1,823,145		 -
(212,854)		 (2,292)
1,610,291
(1,303,095)
391,815		 (76,244)
(391,815)		 (1,379,339)
-		 1,820,853
-		 (212,854)
-		 1,607,999
-
(911,280)
3,600,347		 (468,059)
625,702		 (1,379,339)
4,226,049		 1,820,853
1,779,494		 (212,854)
838,556		 1,607,999
2,618,050
2,689,067 157,643 2,846,710 3,600,347 625,702 4,226,049

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 17 to the financial statements.

20

Combined Cadet Force Association

Company no. 10445616

Balance sheet

As at 31 March 2021

Note
Fixed assets:
13
Current assets:
14
Short term deposits
Liabilities:
15a
15b
17a
Total unrestricted funds
Investments
Cash at bank and in hand
Debtors
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
Total assets less current liabilities
Restricted income funds
Unrestricted income funds:
General funds
Total charity funds
Designated funds:		 £
2,536
600,164
1,678,092		 31 March
2021
£
646,270		 £
72,226
1,500,000
2,105,965		 31 July
2020
£
595,296
646,270
2,236,390		 595,296
3,648,603
2,280,792
(44,402)		 3,678,191
(29,588)
2,197,784
491,283		 3,091,014
509,333
2,882,660
(35,950)		 4,243,899
(17,850)
2,846,710 4,226,049
157,643
2,689,067		 625,702
3,600,347
2,846,710 4,226,049

Approved by the trustees on 17 August 2021 and signed on their behalf by

Julia Hodgson Treasurer

Michael Hampshire Vice Chair

21

Combined Cadet Force Association

Statement of cash flows

For the period ended 31 March 2021

Note
Net cash (used in)/provided by operating activities
Movement in short term deposit
Movement in cash held by investment managers
Increase/(decrease) in debtors
Decrease/(increase) in creditors
Cash flows from operating activities
Net (expenditure)/income for the reporting period
(as per the statement of financial activities)
(Gains)/losses on investments
Dividends, interest and rent from investments
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from sale of investments
Purchase of investments
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the
year
Net cash provided by/(used in) investing activities		 £
£
(1,379,339)
(45,532)
(13,839)
69,690
32,914
(1,336,106)
13,839
-
899,836
-
(5,442)
908,233
(427,873)
2,105,965
1,678,092
8 months ended 31 March
2021		 £
£
(1,379,339)
(45,532)
(13,839)
69,690
32,914
(1,336,106)
13,839
-
899,836
-
(5,442)
908,233
(427,873)
2,105,965
1,678,092
8 months ended 31 March
2021		 £
£
1,607,999
2,292
(23,280)
(25,459)
(55,035)
1,506,517
23,280
25,540
(1,500,000)
(26,164)
(11,378)
(1,488,722)
17,795
2,088,170
2,105,965
12 months ended 31 July
2020		 £
£
1,607,999
2,292
(23,280)
(25,459)
(55,035)
1,506,517
23,280
25,540
(1,500,000)
(26,164)
(11,378)
(1,488,722)
17,795
2,088,170
2,105,965
12 months ended 31 July
2020
(1,336,106)
908,233		 1,506,517
(1,488,722)
(427,873)
2,105,965		 17,795
2,088,170
1,678,092 2,105,965

22

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

a) Statutory information

Combined Cadet Force Association is a charitable company limited by guarantee and is incorporated in the United Kingdom.

The registered office address and principal place of business is Holderness House, 51-61 Clifton Street, London, EC2A 4DW.

b) Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

The charity meets the definition of a public benefit entity under FRS 102.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Key judgements that the charity has made which have a significant effect on the accounts include estimating the liability from multi-year grant commitments.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

23

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Grants payable

Grants payable are made to third parties in furtherance of the charity's objects. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

k) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising overhead costs of the central function, is apportioned on the following basis which are an estimate of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

l) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

m) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Major components are treated as a separate asset where they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

24

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing #quoted market price. Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Short term deposits includes cash balances that are invested in accounts with a maturity date of between 3 and 24 months.

q) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

r) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Income from donations and legacies
Donations
Legacies
Donated services
Ministry of Defence grant		 Unrestricted
£
-
-
5,040
147,430		 £
-
-
-
35,443
Restricted		 8 months
ended 31
March
2021
Total
£
-
-
5,040
182,873		 Unrestricted
£
13,418
30
8,100
399,992		 £
-
-
-
76,860
Restricted		 12 months
ended 31
July
2020
Total
£
13,418
30
8,100
476,852
152,470 35,443 187,913 421,540 76,860 498,400

The Reserve Forces and Cadets Association for Greater London kindly donates office space to the CCFA. This is recognised at the estimated cost of securing suitable alternative office space.

25

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

Income from charitable activities
Supporting contingents
Cadet Bursary Fund
CCF Sustainability Fund
Annual dinner
Sub-total
Supporting cadets and volunteers
Subscriptions
Donations
Sub-total
Total		 Unrestricted
£
-
-
-		 £
-
-
-
Restricted		 8 months
ended 31
March
2021
Total
£
-
-
-		 Unrestricted
£
-
1,600,000
4,030		 £
60,888
-
-
Restricted		 12 months
ended 31
July
2020
Total
£
60,888
1,600,000
4,030
-
21,043
-		 -
-
10,000		 -
21,043
10,000		 1,604,030
15,408
-		 60,888
-
10,000		 1,664,918
15,408
10,000
21,043 10,000 31,043 15,408 10,000 25,408
21,043 10,000 31,043 1,619,438 70,888 1,690,326

The annual dinner has now ceased. The large grants received in the past from the MoD for sustainability have now ceased and some routine fundraising income over the summer is excluded by the short reporting period. With reduced activity owing to coronavirus restrictions, fundraising has not been as active this year.

4 Income from investments

Income from investments
Dividends
Bank interest		 8 months
ended 31
March
2021
Total
£
5,742
8,097		 12 months
ended 31
July
2020
Total
£
12,601
10,679
13,839 23,280

All income from investments is unrestricted.

26

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

5a Analysis of expenditure (current year)

Charitable activities

Staff costs (Note 8)
Grant making (Note 6)
Direct activity costs
Annual dinner costs
Insurance
Marketing and advertising
Premises costs
Audit and accountancy fees
Trustee expenses and AGM
Investment manager fees
Other
Support costs
Governance costs
Total expenditure 2021
Total expenditure 2020		 Raising funds
£
-
-
-
-
-
-
-
-
-
300
-		 Supporting
contingents
£
165,841
1,375,977
370
1,560
-
15,511
-
-
-
-
-		 Supporting
cadets and
volunteers
£
15,464
1,200
162
-
-
-
-
-
-
-
-		 Governance
costs
£
-
-
-
-
-
-
-
11,910
2,536
-
-		 Support costs
£
60,348
-
-
-
419
-
5,040
-
-
-
1,028		 8 months
ended 31
March 2021
12 months
ended 31 July
2020
£
£
241,653
239,898
1,377,177
246,210
532
41,101
1,560
11,184
419
5,920
15,511
45,670
5,040
8,100
11,910
8,010
2,536
1,237
300
600
1,028
3,463
1,657,666
611,393
-
-
-
-
1,657,666
611,393
300
-
-		 1,559,259
66,835
14,446		 16,826
-
-		 14,446
-
(14,446)		 66,835
(66,835)
-
300 1,640,540 16,826 - -
600 593,291 17,502 - -

27

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

5b Analysis of expenditure (prior year)

Staff costs (Note 8)
Grant making (Note 6)
Direct activity costs
Annual dinner costs
Insurance
Marketing and advertising
Premises costs
Audit fees
Trustee expenses and AGM
Investment manager fees
Other
Support costs
Governance costs
Total expenditure 2020		 Raising funds
£
-
-
-
-
-
-
-
-
-
600
-		 Charitable activities Charitable activities Governance
costs
£
-
-
-
-
-
-
-
8,010
1,237
-
-		 Support costs
12 months
ended 31
July 2020
£
£
60,372
239,898
-
246,210
-
41,101
-
11,184
5,920
5,920
-
45,670
8,100
8,100
-
8,010
-
1,237
-
600
3,463
3,463
77,855
611,393
(77,855)
-
-
-
-
611,393
Supporting
contingents
£
169,617
238,715
41,003
11,184
-
45,670
-
-
-
-
-		 Supporting
cadets and
volunteers
£
9,909
7,495
98
-
-
-
-
-
-
-
-
600
-
-		 506,189
77,855
9,247		 17,502
-
-		 9,247
-
(9,247)
600 593,291 17,502 -

28

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

6 Grant making

A list of the School CCF Contingents that have received grants from the CCFA is in note 19.

In addition to the amounts committed and accrued, the CCFA authorises certain grants which are subject to acceptance of the terms and conditions such as the employment of a School Staff Instructor. The total amount authorised, but not accrued for, was £112,799 (2020: £187,647).

authorised, but not accrued for, was £112,799 (2020: £187,647).
Small grants programme
Contingent Growth Fund
Cadet Bursary Fund
At the end of the year
Supporting contingents
CCF Sustainability Fund
Supporting cadets and volunteers		 8 months
ended 31
March
2021
£
635,367
677,257
63,353
1,200		 12 months
ended 31 July
2020
£
14,982
-
223,733
7,495
1,377,177 246,210

7 Net income / (expenditure) for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
8 months
ended 31 12 months
March ended 31 July
2021 2020
£ £
Auditor's remuneration (excluding VAT):
Audit - current year 7,900 7,750
Staff costs were as follows:
Salaries and wages
Employer’s contribution to defined contribution pension schemes
Social security costs		 8 months
ended 31
March
2021
£
214,501
14,969
12,183		 12 months
ended 31 July
2020
£
190,352
26,470
23,076
241,653 239,898

No employee earned more than £60,000 during the year (2020: nil).

The trustees consider that they, together with the Chief Executive and the Deputy Chief Executive comprise the key management personnel of the charity. The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £60,348 (2020: £60,372).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2020: £1,237) incurred by nil (2020: 8) members relating to attendance at meetings of the trustees.

29

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

9 Staff numbers

The full time equivalent staff carrying out work for the CCFA during the year was 6 (2020: 8).

Because the CCFA shares its back office functions with the Army Cadet Force Association it has chosen to employ all staff across both charities on joint contracts. This means that the charities gain flexibility and economies in how staff support the charities. However this joint contract arrangement requires CCFA to disclose the average number of employees for the two charities combined. This is taken as a head count based on number of staff employed. During the year this was 52 (2020: 46).

10 Related party transactions

Recharges of £169,427 (2020: £239,898) were made by the Army Cadet Force Association, a registered charity, which provides resources to the CCFA at cost. Of this £98,964 (2020: £169,617) is included in supporting contingents, £10,115 (2020: £9,909) is included in supporting cadets and volunteers and £60,348 (2020: £60,372) is included in support costs.

On occasion grants are awarded to contingents at which trustees are adult volunteers. Decisions about who to award funds to are made by the Grants Committee. On the rare occasion a trustee's contingent has applied for a grant, that trustee will not be a party to the discussion of their contingent's application. If they sit on the Grants Committee they will leave the room for that part of the meeting.

There were NIL (2020: three) transactions of the above type relating to NIL (2020: two) regional trustees totalling £NIL (2020: £1,600) during the year.

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

11 Amounts disbursed as agent

The Combined Cadet Force Association acts as an agent for members requiring insurance. Income and related disbursements are therefore excluded from the statement of financial activities. During the year, funds of £30,618.29 (2020: £30,168) were received, £20,955 (2020: £20,490) was expended, £nil (2020: £nil) was receivable and £nil (2020: £9,678) was written off and moved to miscellaneous income at 31 July 2020. This is in line with the charity's policy on treatment of surplus and deficit insurance receipts.

12 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

30

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

13
Listed investments
14
15a
15b
Cash held by investment broker pending reinvestment
Debtors
Additions at cost
Fair value at the start of the year
Grants payable
Creditors: amounts falling due within one year
Trade Creditors
Investments comprise:
Other debtors
Cash
Funds listed on the London Stock Exchange
Prepayments
Disposal proceeds
Net gain/(loss) on change in fair value
Grants payable - due in 2-5 years
Creditors: amounts falling due after one year
Accruals
Deferred income
Fair value at the end of the year		 31 March
2021
£
581,561
-
-
45,532		 31 July
2020
£
583,229
26,164
(25,540)
(2,292)
627,093
19,177		 581,561
13,735
646,270 595,296
31 March
2021
£
627,093
19,177		 31 July
2020
£
581,561
13,735
646,270 595,296
31 March
2021
£
-
2,536		 31 July
2020
£
72,226
-
2,536 72,226
31 March
2021
£
30,982
900
12,520
-		 31 July
2020
£
9,375
2,610
7,603
10,000
44,402 29,588
31 March
2021
£
35,950		 31 July
2020
£
17,850
35,950 17,850

31

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

Net assets at 31 March 2021
Long term liabilities
Investments
Net current assets		 General
unrestricted
£
-
527,233
(35,950)		 Designated
£
646,270
1,551,514
-		 Restricted
£
-
157,643
-		 Total funds
£
646,270
2,236,390
(35,950)
491,283 2,197,784 157,643 2,846,710

16b Analysis of net assets between funds (prior year)

Total restricted funds
Total designated funds
General funds
Movements in funds (current year)
Total unrestricted funds
Net current assets
Investments
Long term liabilities
Restricted funds:
Cadet Bursary Fund
CCF Sustainability Fund
Net assets at 31 July 2020
Grant Generation Fund
Unrestricted funds:
Designated funds:
Total funds
Contingent Growth Fund
Small Grants Fund
CCF Marketing Fund
CCF Equipment Fund
CCF Conference Fund		 At 1 August
2020
£
595,862
6,375
3,465
20,000
-		 General
unrestricted
£
-
527,183
(17,850)		 Designated
£
595,296
2,495,718
-		 Restricted
£
-
625,702
-		 Total funds
£
595,296
3,648,603
(17,850)
509,333 3,091,014 625,702 4,226,049
Income &
gains
£
-
10,000
-
-
35,443		 Expenditure
& losses
£
(105,575)
(1,200)
-
-
(14,912)		 Transfers
£
(391,815)
-
-
-
-		 At 31 March
2021
£
98,472
15,175
3,465
20,000
20,531
625,702 45,443 (121,687) (391,815) 157,643
1,495,719
595,295
1,000,000		 -
5,742
-		 (658,763)
(300)
(677,257)		 (813,849)
45,533
1,205,664		 23,107
646,270
1,528,407
3,091,014 5,742 (1,336,320) 437,348 2,197,784
509,333 227,142 (199,659) (45,533) 491,283
3,600,347 232,884 (1,535,979) 391,815 2,689,067
4,226,049 278,327 (1,657,666) - 2,846,710

17a Movements in funds (current year)

The narrative to explain the purpose of each fund is given at the foot of the note below.

32

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

17b Movements in funds (prior year)

Total restricted funds
Total designated funds
General funds
Designated funds:
CCF Conference Fund
Contingent growth Fund
Total unrestricted funds
Restricted funds:
CCF Sustainability Fund
Cadet Bursary Fund
Small Grants Fund
Unrestricted funds:
Grant generation Fund
CCF Sustainability Fund
Total funds
CCF Equipment Fund
Regional Fund for London		 At 1 August
2019
£
834,686
-
3,870
-
-
-		 Income &
gains
£
60,888
33,000
10,000
13,860
20,000
10,000		 Expenditure
& losses
£
(299,712)
(33,000)
(7,495)
(10,395)
-
(10,000)		 Transfers
£
-
-
-
-
-
-		 At 31 July
2020
£
595,862
-
6,375
3,465
20,000
-
838,556 147,748 (360,602) - 625,702
-
-
-		 1,600,000
12,601
-		 (104,281)
(600)
-		 -
583,294
1,000,000		 1,495,719
595,295
1,000,000
- 1,612,601 (104,881) 1,583,294 3,091,014
1,779,494 461,335 (148,202) (1,583,294) 509,333
1,779,494 2,073,936 (253,083) - 3,600,347
2,618,050 2,221,684 (613,685) - 4,226,049

Purposes of restricted funds

Cadet Bursary Fund - this represents income received in order to be used to support the set up costs of new CCF Contingents in state schools.

CCF Sustainability Fund - this represents income received in order to be used to support sustainability projects in CCF Contingents at risk of closure, or for markering purposes.

Small Grants Fund - this represents income received in order to be used to support individual cadets to be able to access the full cadet experience unhindered by the vagaries of personal circumstance.

CCF Conference Fund - this represents income received in order to be used to support CCF conferences and events.

CCF Equipment Fund - this represents income received in order to be used to purchase equipment in support of the CCF.

Regional Fund for London - this represents income received in order to fund support staff in the London Region.

Purposes of designated funds

Grant Generation Fund - these are funds set aside by the trustees and treated in the same way as an endowment in order to generate funds that can be used in CCFA's grant programmes.

Contingent Growth Fund - these funds are intended to help CCF contingents to cater for a larger number of young people so that they can take part in CCF activites each year.

33

Combined Cadet Force Association

Notes to the financial statements

For the period ended 31 March 2021

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

19 School CCF Contingents that have received grants from the CCFA for the period ended 31 March 2021

ACKLAM GRANGE SCHOOL ONSLOW ST AUDREY'S SCHOOL ALDERMAN PEEL HIGH SCHOOL OUTWOOD GRANGE ACADEMY ALL SAINTS ACADEMY PHILIPS HIGH SCHOOL ARK ALEXANDRA ACADEMY PHOENIX COLLEGIATE ARTHUR MELLOWS VILLAGE COLLEGE PINNER HIGH SCHOOL AVANTI HOUSE POLAM HALL SCHOOL BARR BEACON SCHOOL POOLE HIGH SCHOOL BAXTER COLLEGE PORTSMOUTH COLLEGE BEDLINGTON ACADEMY PRIORY INTEGRATED COLLEGE BLESSED JOHN HENRY NEWMAN RC COLLEGE Q3 ACADEMY GREAT BARR BLOXWICH ACADEMY Q3 ACADEMY LANGLEY BOLDON SCHOOL QUEEN ELIZABETH SIXTH FORM COLLEGE BROADGREEN INTERNATIONAL SCHOOL RATTON SCHOOL CAMBORNE SCIENCE AND INTERNATIONAL ACADEMY SAMWORTH CHURCH ACACDEMY CITY OF LONDON ACADEMY HIGHBURY GROVE SEXEY'S SCHOOL COLTON HILLS COMMUNITY SCHOOL SIR CHRISTOPHER HATTON ACADEMY COOKSTOWN HIGH SCHOOL SMALL HEATH LEADERSHIP ACADEMY DAME ELIZABETH CADBURY ST ANTHONYS CATHOLIC COLLEGE DE LA SALLE ACADEMY ST CATHERINE'S COLLEGE EAST NORFOLK SIXTH FORM COLLEGE ST JOHN FISHER CATHOLIC HIGH SCHOOL ERNEST BEVIN COLLEGE ST PAUL SCHOOL FOR GIRLS ETONE COLLEGE ST PETER'S CATHOLIC COLLEGE FOLKESTONE ACADEMY STRATHEARN SCHOOL (GIRLS) GLYN SCHOOL THE BELVEDERE ACADEMY GREATER PETERBOROUGH UTC THE BRAKENHALE SCHOOL HOLLY LODGE SCHOOL THE CITY OF DERBY ACADEMY HOLYPORT COLLEGE THE ELIZABETHAN ACADEMY HORSFORTH SCHOOL THE FOLKESTONE SCHOOL FOR GIRLS JEWELLERY QUARTER ACADEMY THE HAYESBROOK SCHOOL JEWISH FREE SCHOOL THE KHALSA ACADEMY WOLVERHAMPTON JOHN MADEJSKI ACADEMY THE MALLING SCHOOL KHALSA SECONDARY ACADEMY THE MARLBOROUGH SCIENCE ACADEMY KINGS LEADERSHIP ACADEMY HAWTHORNES THE PRIORY CITY OF LINCOLN ACADEMY KINGS LEADERSHIP ACADEMY LIVERPOOL THE PRIORY RUSKIN ACADEMY KINGS LEADERSHIP ACADEMY WARRINGTON THE PRIORY WITHAM ACADEMY KINGSFORD COMMUNITY SCHOOL THE SAMWORTH CHURCH ACADEMY KINGSTON MAURWARD THISTLEY HOUGH ACADEMY LARNE HIGH SCHOOL THOMAS ESTLEY COMMUNITY COLLEGE LAURELHILL COMMUNITY COLLEGE TILE CROSS ACADEMY LIPSON COOPERATIVE ACADEMY TORQUAY ACADEMY LISNAGARVEY HIGH SCHOOL UNITY CITY ACADEMY LLANWERN HIGH SCHOOL UTC PLYMOUTH MAGNUS CHURCH OF ENGLAND ACADEMY UTC WARRINGTON MONTSAYE ACADEMY VICTORY ACADEMY MOSSBOURNE ACADEMY WESTCLIFF HIGH SCHOOL FOR BOYS NENE PARK ACADEMY WHITECROSS HEREFORD NORTHBROOK METROPOLITAN COLLEGE (GBMC) WRENN SCHOOL

34