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← Combined Cadet Force Association

2024-03-31-accounts

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

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Report and financial statements For the year ended 31 March 2024

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Combined Cadet Force Association

Contents

For the year ended 31 March 2024

Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 3 Independent auditor’s report ....................................................................................................... 15 Statement of financial activities (incorporating an income and expenditure account) ................... 21 Balance sheet ............................................................................................................................... 22 Statement of cash flows ................................................................................................................ 23 Notes to the financial statements ................................................................................................. 24

Combined Cadet Force Association

Reference and administrative information

For the year ended 31 March 2024

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 President Vice Admiral PD Hudson CB CBE 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:

D Nigel Maddox CBE Chair
A B D Michael Hampshire Vice Chair
A C Julia Hodgson Treasurer
Scott Benest
Jonathan Bleakley
A B D Susan Bonell OBE
A B D Fiona Chapman (resigned 29 Aug 2024)
Simon Davies
B Michael Hamid
D Alexander Hudson
Caroline Hutton-Stott
A C Simon McMenemy
B Daniel Montgomery (resigned 23 Jan 2024)
Geraldine Poulet-Bowden (resigned 23 Jan 2024)
B Miles Ripley
B Christopher Thompson

A denotes membership of the Finance and Compliance Committee

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Combined Cadet Force Association

Reference and administrative information

For the year ended 31 March 2024

Key management Murdo Urquhart OBE Chief Executive personnel Richard Walton Deputy Chief Executive Faye Meakin Director of Development 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 110 Golden Lane London EC1Y 0TG

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Combined Cadet Force Association

Trustees’ annual report

For the year ended 31 March 2024

The trustees present their report and the audited financial statements for the year ended 31 March 2024.

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 (CCFA) has three charitable objects:

The principal way the charity delivers on its objects is through charitable grant giving, particularly the first and second objects. These grants enable access to activities that will educate, develop and broaden the interests of the 51,360 young people who are cadets in the Combined Cadet Force (CCF). These young people are involved in one of 464 school-based CCF Contingents in the UK. CCFA looks to enhance young people’s development by the making of grants to support both the contingents and individual cadets, enabling them to take part in a wide range of activities. Other grants can help a contingent to improve its resilience or to be able to work with more young people, ensuring young people can access development opportunities for many years to come.

Aside from grant giving, CCFA delivers on its objects by supporting the CCF as a whole. It provides membership support services in the interests of the entire CCF, such as the provision of insurance cover against accidents, travel difficulties and to provide legal advice and assistance for volunteers. It contributes to the delivery of training and development courses for CCF adult volunteers. It seeks national non-state recognition for CCF cadets and adult volunteers who have used their CCF training to save lives or display remarkable citizenship.

CCFA is funded, through the CCF Support Fund, to directly support CCF Contingents. This support is delivered through the charity’s team of Contingent Support Officers across the UK, enabling Contingents to become more sustainable and to be ready to take on more young people.

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Trustees’ annual report

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Embedded in the ten regional Cadet Training Teams, our Contingent Support Officers work hand in glove with the training sergeants to provide coherent support to the Contingents.

CCFA is recognised by the Ministry of Defence (MOD), single service cadet force headquarters and the Department for Education (in England) as a key supporting partner. Thus, 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 Senior Leadership Team attend high level MOD steering group meetings. Also, through these connections, the charity provides another forum for the MOD, single services and schools to exchange views.

Achievements and performance

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 enduring priority for the charity’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.

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 CCFA’s charitable purposes for the public benefit.

Grant Programmes

The charity furthers its objects through the awarding of grants to individual cadets, or to CCF contingents. It runs two main grant programmes: the Small Grants Programme and the Contingent Growth Fund. The Cadet Bursary Fund is no longer making new grants but continues to make grant payments agreed in the past. Incidental grant applications, such as for equipment, are considered on merit, alignment with the objects, impact and affordability as funds are available. The charity makes grants on the following basis:

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Trustees’ annual report

For the year ended 31 March 2024

activity they would otherwise be unable to afford. Application criteria place great importance on the personal circumstances of the participant, demonstrating a need for charitable support.

Applications for both of the above grant types are made on forms which are circulated to all CCF Contingents and the applications are considered by a committee of CCFA trustees. Grants are awarded with a requirement to report on the use of the grant within an agreed period of time.

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

Beneficiaries of our services

A major way in which the charity 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 charity’s grant programmes in the future.

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

A grant from the Small Grant programme gave a young cadet from The Priory Academy LSST an opportunity to attend an Adventurous Training week in the Lake District. As a Pupil Premium student, this type of activity is not something their family would normally be able to support. The

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Trustees’ annual report

For the year ended 31 March 2024

experience not only left them with a lasting memory but also helped them gain life skills and friendships.

The young cadet said, “with this grant, I have been able to make memories I will cherish for years. On this camp, I did many amazing things and became a stronger person than I was at the beginning. Without this grant, I would not have been able to achieve this. The things I did on this camp have made me lots more confident in being able to go about my life, as I now know I am capable of doing things I never would have imagined, such as climbing a mountain, and jumping off a 30ft cliff into a body of water. I also made many good friends on this camp, of which I still talk to in everyday life.

This camp has been the experience of a lifetime. I enjoyed it so much and it has been the most fun and exciting week of my life. I never expected to be able to do any of these things and this gave me the opportunity to go wild for 5 days straight!”

Contingent Growth Fund

With a grant from the Contingent Growth Fund, Queen Elizabeth Sixth Form College, was able to convert an old changing room into a CCF classroom. This has doubled their teaching space providing suitable learning environment for cadets. The new classroom is also used as an air rifle range allowing cadets to improve their training experiences without having to travel to a different venue. This has led to an increase in cadet numbers, and cadets from under-privileged backgrounds no longer need to take time off from their part-time work for training. One young cadet said, “the classroom has been a great addition to cadets as it has supported the expansion of the contingent as we grow in numbers each year so the new classroom enables us to accommodate all wannabe cadets and by enabling us to also utilise this room as a firing range which will support us in shooting competitions in the future!”

Similarly, thanks to a Contingent Growth Fund grant, Tonbridge School was able to purchase 6 canoes which have played a pivotal role in enhancing their Adventurous Training. The availability of the new canoes ensures that cadets from disadvantaged backgrounds have equal opportunities to participate in water-based activities as there are no hire costs. This fosters a sense of inclusion and belonging within the CCF community. One young cadet said, “growing up in challenging circumstances, the CCF has been my lifeline to a world of possibilities. Beyond the physical and mental benefits of Adventure Training, the grant has provided me with experiences I never thought possible. It's more than just paddling – it's about breaking barriers and finding my strength. The CCF has become my sanctuary, and the grant's impact has been transformative. It's not just about canoes; it's about building a future where limitations are replaced with opportunities. I am profoundly thankful for these opportunities through the support of the CCFA grant."

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Combined Cadet Force Association

Trustees’ annual report

For the year ended 31 March 2024

Financial review

The statement of financial activities for the period is set out on page 21 of the financial statements. A summary of the financial results and the work by the charity is set out below.

Income for the year ended 31 March 2024 included donations and legacies of £1,566,373 (2023 – £1,176,436), income for supporting cadets and volunteers of £56,159 (2023 - £133,600) and investment income and interest of £59,992 (2023 - £32,988). Total gross income amounted to £1,689,483 (2023 - £1,355,239).

Expenditure for the period comprised costs of raising funds of £3,902 (2023- £600), costs of activities in support of contingents of £1,753,852 (2023 – £2,251,869) which reflects the planned lower expenditure against grant programmes (there having been an exceptional equipment grant in the prior year) and costs of supporting cadets and volunteers of £22,976 (2023 – £22,239). Total expenditure amounted to £1,780,730 (2023 - £2,274,708).

Net income for the year after investment movements amounted to £45,692 (2023 – net expenditure of £954,923).

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 charity adopted the current investment policy in February 2023; its stated objectives are to:

The charity 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 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 charity 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 long-term investments amounted to £136,939 (2023 – net losses of £35,454). The six-year average return on the long-term investment portfolio was 5.84%. The trustees measure this against a benchmark of the six-year average of CPI + 3% to the end of Mar 2024, which has been calculated as 6.68%. The trustees note that the portfolio has performed below this benchmark, reflecting that the benchmark has been affected by particularly

1 Defined as a six-year average

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Trustees’ annual report

For the year ended 31 March 2024

high inflation in both 2021-22 and 2022-23. Trustees also note that the one-year performance in 2023-24 was particularly strong (+20.03%) and are 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 a threeday access short-term investment portfolio. Last year these funds were held in cash deposit accounts of no more than 24-months in duration. At the end of March 2024, the funds held in short-term investments were £2,552,560 (2023: £1,600,000 in cash deposit accounts) and the funds held in the long-term investment portfolio were £789,654 (2023: £683,549).

Reserves policy and going concern

The CCFA adopted the current 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 programmes for three to six months. The reserve will be reviewed and adjusted in response to internal and external changes.

The target reserve fund is equal to between 3 and 6 months of operating costs and is calculated at the start of the year based on the budget. This year the reserves target was calculated as between £456,464 and £912,928 (2023 - £427,132 to £854,264) which reflected the planned budgeted expenditure for the year.

From time to time the trustees might choose to designate funds for long term investment 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 2024 were £1,201,621 (2023: £1,166,523).

This means that free reserves are approximately £288,693 or 32% greater than the target reserves (2023 - £312,259, or 37% greater). The trustees note that this excess has reduced by 7.5% yearon-year and are content that the reserve is being expended on charitable activity in a sustainable way that will not put the charity into financial difficulty. Trustees have plans to spend further funds in the coming year to steadily bring the reserves to within the target level.

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Trustees’ annual report

For the year ended 31 March 2024

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts and decided that CCFA is a going concern. The trustees have made this assessment in respect of a one-year period 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.

Principal risks and uncertainties

The trustees examine the major risks that the charity 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 charity'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:

Fundraising

The charity’s approach to fundraising activity is to seek grants from organisations in order to achieve a particular aim, for example to support the growth of cadet numbers in existing CCF

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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 also 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. This year we ran a small fundraising campaign “£75 for 75” in which we asked each of the 464 contingents to raise £75 to mark the 75[th] anniversary of the formation of the modern CCF.

At present 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. This position was reviewed this year with no change, and will be reviewed annually.

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. We have received no complaints about fundraising.

Plans for the future

The charity is undertaking a considered programme of evolution. In 2023, following the 2022 deep review of what CCFA is and does, CCFA chose to adopt a new brand image, a new tagline “supporting cadets in schools” and secured the website address and social handles “@cadetsinschools”. CCFA officially launched these new addresses in summer 2024.

Whilst the charity itself is financially secure, the trustees remain concerned about the viability of many of the CCF contingents (the charity’s beneficiaries), not just those formed under the Cadet Expansion Programme, but also long-established legacy contingents. A number of them are struggling for a variety of reasons outside CCFA’s control, but additional financial support could make the difference. Therefore, the ambition of the trustees is to maintain the core hardship grant programmes to support these contingents and to identify new ways of supporting contingents and help them to embed into the fabric of the school.

The charity’s Small Grants Programme remains sound and secure, for which the trustees remain enormously grateful to Mr Gareth Neame OBE for his continuing close interest and generous donations in recent years. Whilst the donations were paused this year as CCFA had sufficient funds for this programme, Mr Neame has confirmed his commitment to funding the programme next year.

As stated in the section on Principal Risks and Uncertainties, communicating with CCF contingents remains a constant challenge. A programme of visiting Contingents at their summer camps will be undertaken by the charity and we are investing in new Customer Relationship Management software to support our communications with Contingents. We will make use of our new brand image and social channels to promote our message as well as refresh and modernise our existing web-presence.

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Combined Cadet Force Association

Trustees’ annual report

For the year ended 31 March 2024

In respect of Governance, the trustees have completed a programme of reducing the number of trustees, culminating this year in not appointing new trustees to replace those that have stood down. The focus now turns to succession planning and ensuring there is a balance of “new blood” and experience on the board to best govern the charity.

Structure, governance and management

The 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 updated in 2022 and adopted on 24 January 2023. 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.

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.

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 Murdo Urquhart OBE, who heads a small team of staff comprising Richard Walton, the part time Deputy Chief Executive, Faye Meakin, the part time Director of Development, and 25 full- and part-time members of staff.

The annual budget is agreed by the Finance and Compliance Committee. The senior trustees (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.

The CCFA Board of Trustees meets at least twice per year. Amongst other papers the Board receives:

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For the year ended 31 March 2024

The Board has the following sub committees:

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For the year ended 31 March 2024

Appointment of trustees

Trustees are appointed for a period of three years and encouraged to serve for no more than three 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 primarily because of their understanding of our beneficiaries but who may also bring other skills to the board. The second type of trustee is usually someone with little or no knowledge of the CCF but who is recruited to bring particular skills to the board in order to improve the ability of the trustees to govern the charity and help the board mitigate the principal risks facing the charity.

The process for identifying new trustees is twofold. In the case of Contingent Commanders, care is taken to ensure that volunteers represent a fair balance of: state and independent schools; and Royal Navy, Army and RAF contingents. In the case of trustees with specialist knowledge and experience needed by the board, external advertising is the more normal route to find trustees.

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:

  1. are provided with a pack of information about CCFA;

  2. visit the charity’s offices in London to meet the key staff;

  3. receive an introductory brief by the Chief Executive explaining how CCFA supports the armed forces’ chains of command to run the CCF and deliver cadet training, and how CCFA represents the interests of the civilian CFAVs who deliver that training; and,

  4. for trustees with no experience of the CCF, the offer to facilitate a visit to a CCF contingent, either during a parade afternoon at school or annual camp.

Related parties and relationships with other organisations

The charity has trustees from 9 (2023: 10) Contingents (which are beneficiaries in the charities objects). The trustees ensure that they keep good records of who is associated with which contingent and those individuals 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 shares offices and staff with a sister charity, ACCT UK. The two charities employ staff on joint contracts which are managed through ACCT UK and the staff costs relating to CCFA are recharged on a monthly basis. In addition, the Treasurer, Julia Hodgson, works for the Bank of

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Combined Cadet Force Association

Trustees’ annual report

For the year ended 31 March 2024

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, the Deputy Chief Executive and the Director of Development, 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 ACCT UK. Oversight of the staffing arrangements is exercised through the joint ACCT UK and CCFA HR and Remunerations Committee as described above.

Statement of responsibilities of the trustees

The trustees (who are also directors of the CCFA 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:

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, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). 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:

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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 2024 was 342 (2023: 173). 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 re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue to act in that capacity.

The trustees’ annual report has been approved by the trustees on 6 December 2024 and signed on their behalf by

Nigel Maddox CBE Chair

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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 2024 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.

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Independent auditor’s report

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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

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:

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Independent auditor’s report

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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:

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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.

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Independent auditor’s report

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Combined Cadet Force Association

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. 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) Date: for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

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

20

Combined Cadet Force Association

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

For the year ended 31 March 2024

Unrestricted
Note
£
Income from:
2
208,843
3
14,024
4
59,992
Other income
6,959
289,818
5
3,902
5
273,086
5
276,988
136,939
149,769
17
(8,567)
141,202
Reconciliation of funds:
1,850,072
1,991,274
Total funds carried forward
Transfers between funds
Net movement in funds
12,830
Total funds brought forward
Net income / (expenditure) for the year
Net gains/(losses) on investments
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:
Donations and legacies
Charitable activities		 Restricted
£
1,357,530
42,135
-
-
1,399,665
-
1,480,766
22,976
1,503,742
-
(104,077)
8,567
(95,510)
1,709,328
1,613,818
(104,077)		 2024
Total
£
1,566,373
56,159
59,992
6,959
1,689,483
3,902
1,753,852
22,976
1,780,730
136,939
45,692
-
45,692
3,559,400
3,605,092
(91,247)		 Unrestricted
£
1,176,436
13,850
32,988
12,215
1,235,489
600
819,183
-
819,783
(35,454)
380,252
(595,360)
(215,108)
2,065,180
1,850,072
415,706		 Restricted
£
-
119,750
-
-
119,750
-
1,432,686
22,239
1,454,925
-
(1,335,175)
595,360
(739,815)
2,449,143
1,709,328
(1,335,175)		 2023
Total
£
1,176,436
133,600
32,988
12,215
1,355,239
600
2,251,869
22,239
2,274,708
(35,454)
(954,923)
-
(954,923)
4,514,323
3,559,400
(919,469)

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.

21

Combined Cadet Force Association

Company no. 10445616

Balance sheet

As at 31 March 2024

==> picture [551 x 436] intentionally omitted <==

----- Start of picture text -----
2024 2023
Note £ £ £ £
Fixed assets:
Tangible assets 13 30,989 -
Investments 14 789,654 683,549
820,643 683,549
Current assets:
Short-term Investments 15 2,552,560 -
Debtors 15a 17,162 20,416
-
Short-term deposits 1,600,000
Cash at bank and in hand 718,371 1,321,960
3,288,093 2,942,376
Liabilities:
Creditors: amounts falling due within one year 15b (485,794) (48,675)
Net current assets 2,802,299 2,893,701
Total assets less current liabilities 3,622,942 3,577,250
Creditors: amounts falling due after one year 15c (17,850) (17,850)
Total net assets 3,605,092 3,559,400
The funds of the charity: 17a
Restricted income funds 1,613,818 1,709,328
Unrestricted income funds:
Designated funds: 789,654 683,549
General funds 1,201,620 1,166,523
Total unrestricted funds 1,991,274 1,850,072
Total charity funds 3,605,092 3,559,400
----- End of picture text -----

Approved by the trustees on 6 December 2024 and signed on their behalf by

Julia Hodgson Treasurer

Michael Hampshire Vice Chair

22

Combined Cadet Force Association

Statement of cash flows

For the year ended 31 March 2024

Note
Net cash provided by/(used in) operating activities
Movement in short term deposit
Movement in cash held on Investments
Cash flows from investing activities:
Dividends and Interest from investments
Movement in cash held in short-term 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 (used in) investing activities
Purchase of tangible fixed assets
Purchase of short-term investments
Purchase of investments
Increase/(decrease) in debtors
Increase/(decrease) in creditors
Cash flows from operating activities
Net income/(expenditure) for the reporting period
(as per the statement of financial activities)
(Gains)/losses on investments
(Gains)/losses on short-term investments
Depreciation charge
Dividends and Interest from investments		 £
£
45,692
3,675
(82,264)
(59,992)
(54,675)
3,254
437,119
292,809
59,992
(34,664)
1,600,000
(1,592)
(27,370)
(2,496,293)
3,529
(896,398)
(603,589)
1,321,960
718,371
2024		 £
£
(954,923)
-
35,454
(32,988)
-
(17,403)
(12,521)
(982,381)
32,988
-
(649,471)
-
-
-
(15,198)
(631,681)
(1,614,062)
2,936,022
1,321,960
2023

23

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

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.

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.

24

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

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:

Costs of raising funds relate to the costs incurred by the charity in making its investment portfolio.

Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs.

Other expenditure represents those items not falling into any other heading

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.

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.

25

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

1 Accounting policies (continued)

m) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £200. 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.

Depreciation is provided on a straight line basis, to write down the cost of each asset to its estimated residual value over its expected useful life. The annual depreciation rates used are as follows:

Computer Equipment 25.00% Camera Equipment 33.33%

n) Listed investments

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 appreciation in fair value is only recognised when realised. Dividends and Interest on investments 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. These funds can be accessed with up to 5-days notice.

o) Debtors

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.

p) Short term deposits

Short term deposits includes cash balances that are invested in accounts and instruments 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.

s) Financial instruments

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.

26

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

Donations
Legacies
Donated services
Ministry of Defence grant		 Unrestricted
£
246
131
12,000
196,466
208,843		 £
-
-
-
1,357,530
1,357,530
Restricted		 2024
Total
£
246
131
12,000
1,553,996
1,566,373		 Unrestricted
£
777
-
12,000
1,163,659
1,176,436		 £
-
-
-
-
-
Restricted		 2023
Total
£
777
-
12,000
1,163,659
1,176,436

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. The value of the service has increased in line with the employment of new staff.

Supporting contingents
Supporting cadets and volunteers
Subscriptions
Donations
Dividends
Bank interest
Ministry of Defence grant
Income from investments
Total		 Unrestricted
£
-
14,024
-
14,024
Unrestricted
£
25,629
34,363
59,992		 £
42,135
-
-
42,135
£
-
-
-
Restricted
Restricted		 2024
Total
£
42,135
14,024
-
56,159
2024
Total
£
25,629
34,363
59,992		 Unrestricted
£
-
13,850
-
13,850
Unrestricted
£
15,797
17,191
32,988		 £
99,750
-
20,000
119,750
£
-
-
-
Restricted
Restricted		 2023
Total
£
99,750
13,850
20,000
133,600
2023
Total
£
15,797
17,191
32,988

27

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

5a Analysis of expenditure (current year)

Staff costs (Note 8)
Grant making (Note 6)
Direct activity costs
Insurance
Marketing and communication
Premises costs
Audit and accountancy fees
Trustee expenses
Investment manager fees
Other
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023		 Raising
funds
£
-
-
-
-
-
-
-
-
3,902
-
3,902
-
-
3,902
600		 Supporting
contingents
£
703,896
783,739
68,810
-
17,362
-
-
-
-
-
1,573,807
159,361
20,684
1,753,852
2,251,869
Charitable		 Supporting
cadets and
volunteers
£
-
22,976
-
-
-
-
-
-
-
-
22,976
-
-
22,976
22,239
activities		 Governance
costs
£
-
-
-
-
-
-
20,043
641
-
-
20,684
-
(20,684)
-
-		 Support
costs
£
135,405
-
-
6,516
-
12,000
-
-
-
5,440
159,361
(159,361)
-
-
-		 2024
£
839,301
806,715
68,810
6,516
17,362
12,000
20,043
641
3,902
5,440
1,780,730
-
-
1,780,730		 2023
£
745,686
1,447,888
11,868
6,247
23,064
12,000
21,133
1,258
600
4,964
2,274,708
-
-
2,274,708

28

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

5b Analysis of expenditure (prior year)

Staff costs (Note 8)
Grant making (Note 6)
Direct activity costs
AGM and event costs
Insurance
Marketing and advertising
Premises costs
Audit and accountancy fees
Trustee expenses
Investment manager fees
Other
Support costs
Governance costs
Total expenditure 2023		 Raising
funds
£
-
-
-
-
-
-
-
-
-
600
-
600
-
-
600		 Supporting
contingents
£
605,443
1,425,649
11,868
-
-
23,064
-
-
-
-
-
2,066,024
163,454
22,391
2,251,869
Charitable		 Supporting
cadets and
volunteers
£
-
22,239
-
-
-
-
-
-
-
-
-
22,239
-
-
22,239
activities		 Governance
costs
£
-
-
-
-
-
-
-
21,133
1,258
-
-
22,391
-
(22,391)
-		 Support
costs
£
140,243
-
-
-
6,247
-
12,000
-
-
-
4,964
163,454
(163,454)
-
-		 £
745,686
1,447,888
11,868
-
6,247
23,064
12,000
21,133
1,258
600
4,964
2,274,708
-
-
2,274,708
2023

29

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

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 was £122,172 (31 March 2023: £16,528).

==> picture [524 x 127] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Supporting contingents| |Contingent Growth Fund|783,739|796,997| |-| |Cadet Bursary Fund|13,092| |-| |CCF Equipment Fund|615,360| |CCF Conference Fund|-|200| |Supporting cadets and volunteers| |Small grants programme|22,976|22,239| |At the end of the year|806,715|1,447,888|

----- End of picture text -----

Contingent Growth Fund - grants awarded to 139 (31 March 2023: 131) CCFs in schools in year ended 31 March 2024 Cadet Bursary Fund - grants paid to 2 (31 March 2023: 5) CCFs in schools in the year ended 31 March 2024

Small Grants Programme, grants awarded to individuals in 14 (31 March 2023: 16) schools in year ended 31 March

This is stated after charging / (crediting):

==> picture [522 x 67] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |-| |Depreciation|3,675| |Auditor's remuneration (excluding VAT):| |Audit - current year|10,250|9,150|

----- End of picture text -----

30

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

Staff costs were as follows:
Salaries and wages
Employer’s contribution to defined contribution pension schemes
Social security costs		 2024
£
707,464
70,890
60,947
839,301		 2023
£
634,474
64,102
47,110
745,686

No employee earned more than £60,000 during the year (31 March 2023: nil).

The trustees consider that they, together with the Chief Executive, Deputy Chief Executive and Director of Development 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 £135,405 (31 March 2023: £96,401).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (31 March 2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (31 March 2023: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £641 (31 March 2023: £1,258) incurred by 2 (31 March 2023: 4) members relating to attendance at meetings of the trustees.

9 Staff numbers

The full time equivalent staff carrying out work for the CCFA during the year was 22 (31 March 2023: 20).

Because the CCFA shares its back office functions with ACCT UK 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 73 (31 March 2023: 72).

10 Related party transactions

Recharges of £839,901 (31 March 2023: £745,685) were made by ACCT UK, a registered charity, which provides resources to the CCFA at cost. Of this £703,896 (31 March 2023: £605,443 ) is included in supporting contingents and £135,405 (31 March 2023: £140,243) 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 no transactions of the above type in either 2024 or 2023.

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

31

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

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 £19,520 (31 March 2023: £29,397) were received, £27,734 (31 March 2023: £17,182 ) was expended, £Nil (31 March 2023: £nil) was receivable and £5,654 was written off as reduced income (31 March 2023: £12,215 was taken as miscellaneous income). 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.

13 Tangible fixed assets

At the start of the year
Additions in year
Disposals in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Eliminated on disposal
Net book value at end of year
At the start of the year
Cost		 Computer
Equipment
£
-
3,210
-
3,210
-
180
-
3,030
-		 Camera
Equipment
£
-
31,454
-
31,454
-
3,495
-
27,959
-		 Total
£
-
34,664
-
34,664
-
3,675
-
30,989
-

32

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

14a
14b
Cash held by investment broker pending reinvestment
Fair Value at the end of the year
Funds listed on the London Stock Exchange
Cash held by investment broker pending re-investment
Short-term Investments
Additions at cost
Net gain/(loss) on change in fair value
Fair value at the start of the year
Fair value at the end of the year
Cash held by investment broker pending re-investment
Funds listed on the London Stock Exchange
Disposal proceeds
Net gain/(loss) on change in fair value
Additions at cost
Fair value at the start of the year
Investments comprise:
Cash held by investment broker pending reinvestment
Listed investments		 2024
£
664,186
27,370
-
82,264
773,820
15,834
789,654
2024
£
773,821
15,834
789,655
2024
£
-
2,496,293
54,675
2,550,968
1,592
2,552,560
2024
£
2,550,968
1,592
2,552,560		 2023
£
699,640
-
-
(35,454)
664,186
19,363
683,549
2023
£
664,186
19,363
683,549
2023
£
-
-
-
-
-
2023
£
-
-
-

33

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

15a
15b
15c
16a
Net current assets
Debtors
Tangible fixed assets
Investments
Trade Creditors
Accruals
Deferred income
Net assets at 31 March 2024
Analysis of net assets between funds (current year)
Grants payable - due in 2-5 years
Creditors: amounts falling due after one year
Long term liabilities
Prepayments
Grants payable
Creditors: amounts falling due within one year		 General
unrestricted
£
30,989
-
1,188,483
(17,850)
1,201,622		 Designated
£
-
789,654
-
-
789,654		 2024
£
17,162
17,162
2024
£
-
19,234
16,560
450,000
485,794
2024
£
17,850
17,850
Restricted
£
-
-
1,613,817
-
1,613,817		 2023
£
20,416
20,416
2023
£
39,128
792
8,755
-
48,675
2023
£
17,850
17,850
Total funds
£
30,989
789,654
2,802,300
(17,850)
3,605,093

34

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

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

Total restricted funds
Total designated funds
General funds
Movements in funds (current year)
Net current assets
Investments
Long term liabilities
Donor Fund (Small Grants)
Contingent Growth Fund
Restricted funds:
Net assets at 31 March 2023
Grant Generation Fund
Unrestricted funds:
Designated funds:
Total funds
Total unrestricted funds
Cadet Bursary Fund
CCF Marketing Fund
CCF Support Fund
CCF Conference Fund		 At 1 April
2023
£
76,266
18,897
3,265
76,686
-
1,534,214
1,709,328
683,549
683,549
1,166,523
1,850,072
3,559,400		 General
unrestricted
£
-
1,184,373
(17,850)
1,166,523
Income & gains
£
-
-
-
42,134
1,357,530
-
1,399,664
106,555
106,555
320,201
426,756
1,826,420		 Designated
£
683,549
-
-
683,549
Expenditure
& losses
£
-
(22,975)
(3,804)
(38,046)
(693,224)
(745,693)
(1,503,742)
(450)
(450)
(276,536)
(276,986)
(1,780,728)		 Restricted
£
-
1,709,328
-
1,709,328
Transfers
£
(76,266)
8,567
539
-
(539)
76,266
8,567
-
-
(8,567)
(8,567)		 Total funds
£
683,549
2,893,701
(17,850)
3,559,400
At 31 March
2024
£
-
4,489
-
80,774
663,767
864,787
1,613,817
789,654
789,654
1,201,621
1,991,275
3,605,092

17a Movements in funds (current year)

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

35

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

17b Movements in funds (prior year)

Total restricted funds
Total designated funds
General funds
Cadet Bursary Fund
Donor Fund (Small Grants)
CCF Equipment Fund
CCF Marketing Fund
Contingent Growth Fund
Total unrestricted funds
Unrestricted funds:
Grant Generation Fund
CCF Conference Fund
Restricted funds:
Total funds
Designated funds:		 At 1 April
2022
£
89,357
21,136
3,465
20,000
-
2,315,185
2,449,143
703,805
703,805
1,361,375
2,065,180
4,514,323		 Income & gains
£
-
20,000
-
-
99,750
-
119,750
15,798
15,798
1,219,691
1,235,489
1,355,239		 Expenditure
& losses
£
(13,091)
(22,239)
(200)
(615,360)
(23,064)
(780,971)
(1,454,925)
(600)
(600)
(854,637)
(855,237)
(2,310,162)		 Transfers
£
-
-
-
595,360
-
-
595,360
(35,454)
(35,454)
(559,906)
(595,360)
-		 At 31 March
2023
£
76,266
18,897
3,265
-
76,686
1,534,214
1,709,328
683,549
683,549
1,166,523
1,850,072
3,559,400

Purposes of restricted funds

Donor Fund - this is to be used to support individual cadets to access the full cadet experience unhindered by the vagaries of personal circumstance.

CCF Support Fund - this fund is used to provide supporting services to CCF Contingents. It includes support in mentoring and training the volunteers to be better able to manage their existing cohort of cadets and preparing the contingent to take on more young people in the future.

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

Cadet Bursary Fund - this was used to support the set up costs of new CCF Contingents in state schools. Once the focus of cadet expansion switched to growing the number of young people within existing contingetnts, we have agreed with the funder that the balance be transferred to the Contingent Growth Fund. The fund is now closed.

CCF Conference Fund - this was to be used to support CCF conferences and events. The fund is now closed.

CCF Equipment Fund - this was to be used to purchase equipment in support of the CCF. The fund is now closed.

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.

36

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

19 School CCF Contingents that have received grants from the CCFA for the year ended 31 March 2024

ABINGDON SCHOOL AKS LYTHAM INDEPENDENT SCHOOL ALLEYN'S SCHOOL ALTON SCHOOL AMPLEFORTH COLLEGE ARK ALEXANDRA ACADEMY ARNOLD HILL SPENCER ACADEMY ASH MANOR SCHOOL ASKHAM BRYAN COLLEGE ASTOR SECONDARY SCHOOL BAY LEADERSHIP ACADEMY BEDE ACADEMY BISHOP HEBER HIGH SCHOOL BRADFIELD COLLEGE BRIDGWATER AND TAUNTON COLLEGE CHESTERFIELD HIGH SCHOOL CHURCHER'S COLLEGE CITY OF DERBY ACADEMY CLAYESMORE SCHOOL CO-OP ACADEMY WALKDEN CORBY BUSINESS ACADEMY DAME ELIZABETH CADBURY SCHOOL DENSTONE COLLEGE DOLLAR ACADEMY DOVER GRAMMAR SCHOOL DUKE OF YORK'S ROYAL MILITARY SCHOOL EAST NORFOLK SIXTH FORM COLLEGE EFFINGHAM SCHOOLS TRUST ENERGY COAST UTC EPSOM COLLEGE ERNEST BEVIN ACADEMY ETONE COLLEGE FIR VALE SCHOOL FOYLE COLLEGE GEORGE HERIOT'S SCHOOL GIGGLESWICK SCHOOL GORDON'S SCHOOL GOSPEL OAK SCHOOL HABERDASHER'S BOYS' SCHOOL HAILEYBURY COLLEGE HAILEYBURY TURNFORD SCHOOL HAVANT AND SOUTH DOWNS COLLEGE HAVEN HIGH ACADEMY HAYESFIELD GIRLS' SCHOOL HELE'S SCHOOL IPSWICH SCHOOL KENTON SCHOOL KETTERING BUCCLEUCH ACADEMY KILKEEL HIGH SCHOOL KING EDWARD VI GRAMMAR SCHOOL, LOUTH KING WILLIAM'S COLLEGE KING'S LEADERSHIP ACADEMY LIVERPOOL KING'S SCHOOL WORCESTER LADY ELEANOR HOLLES SCHOOL

LANCING COLLEGE LANGLEY SCHOOL LARNE HIGH SCHOOL LAURELHILL COMMUNITY COLLEGE LIPSON COOPERATIVE ACADEMY LISNAGARVEY HIGH SCHOOL LODGE PARK ACADEMY LOUGHBOROUGH GRAMMAR SCHOOL MAGNUS CHURCH OF ENGLAND ACADEMY MALVERN COLLEGE MERCHANT TAYLORS' SCHOOLS CROSBY MONTSAYE ACADEMY MYDDELTON COLLEGE NEWCASTLE UNDER LYME SCHOOL NOTTINGHAM HIGH SCHOOL OAKHAM SCHOOL OASIS ACADEMY BRISLINGTON OLD SWINFORD HOSPITAL ORMISTON HORIZON ACADEMY OUNDLE SCHOOL OUTWOOD GRANGE ACADEMY PANGBOURNE COLLEGE PARK VIEW SCHOOL PENISTONE GRAMMAR SCHOOL PRIORY INTEGRATED COLLEGE PRIORY RUSKIN ACADEMY Q3 ACADEMY LANGLEY Q3 ACADEMY TIPTON QUEEN ELIZABETH SIXTH FORM COLLEGE QUEEN ETHELBURGA'S COLLEGIATE QUEEN VICTORIA SCHOOL RADLEY COLLEGE RATCLIFFE COLLEGE READ SCHOOL REIGATE GRAMMAR SCHOOL ROUNDHAY SCHOOL ROYAL GRAMMAR SCHOOL NEWCASTLE ROYAL HOSPITAL SCHOOL ROYTON AND CROMPTON ACADEMY RUGBY SCHOOL SANDBACH SCHOOL SEXEY'S SCHOOL, BRUTON SHERBORNE SCHOOL SMALL HEATH LEADERSHIP ACADEMY SOUTHFIELD SCHOOL KETTERING SOUTHMOOR ACADEMY ST. BARTHOLOMEW'S SCHOOL ST. CATHERINE'S COLLEGE ST. COLUMBA'S COLLEGE ST. EDWARD'S SCHOOL, OXFORD ST. JOHN'S SCHOOL LEATHERHEAD ST. MARY'S COLLEGE ST. PETER'S SCHOOL, YORK STAMFORD SCHOOLS

37

Combined Cadet Force Association

Notes to the financial statements

For the year ended 31 March 2024

19 School CCF Contingents that have received grants from the CCFA for the year ended 31 March 2024 (continued)

STAMFORD WELLAND ACADEMY STRATHALLAN SCHOOL SUTTON VALENCE SCHOOL THE BELVEDERE ACADEMY THE COTSWOLD SCHOOL THE DUSTON SCHOOL THE FOLKESTONE SCHOOL FOR GIRLS THE GILBERD SCHOOL THE GLASGOW ACADEMY THE KING'S SCHOOL CANTERBURY THE PHOENIX COLLEGIATE THE PRIORY ACADEMY LSST THE ROYAL GRAMMAR SCHOOL, GUILDFORD THE ROYAL SCHOOL WOLVERHAMPTON THE SAMWORTH CHURCH ACADEMY THE SKINNERS' SCHOOL THE ST. LAWRENCE ACADEMY THISTLEY HOUGH ACADEMY THOMAS HARDYE SCHOOL

TONBRIDGE SCHOOL TORQUAY ACADEMY TRINITY SCHOOL, CROYDON TUDOR GRANGE ACADEMY WORCESTER TUNBRIDGE WELLS GIRLS' GRAMMAR SCHOOL UPPINGHAM SCHOOL UTC READING VICTORIA COLLEGE BELFAST WALKER RIVERSIDE ACADEMY WARMINSTER SCHOOL WELLACRE ACADEMY WELLINGBOROUGH SCHOOL WESTBOURNE ACADEMY WODENSBOROUGH ORMISTON ACADEMY WOLSINGHAM SCHOOL WREKIN COLLEGE

38