2022-03-31-accounts - Centurion Fund

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Trustees		Squadron Leader	Richard Woolls	Richard Woolls	Richard Woolls	(Chairman)	(Chairman)
		Wing Commander	(Rtd)		Lee Morgan		(Deputy Chairman)
		Group Captain Rers Holland
		Warrant Officer Shaun		Griffin
		Right Sergeant Richard			Bromwell
		Right Sergeant Steven		Thorp
Chairman		Squadron Leader	Richard Woolls
Treasurer		Right Lieutenant	Graeme Royston
Charity number		1171215
Operation	address	RAF FPHeadquarters
		RAF Honington
		Bury St Blmunds
		Suffolk
		IP31 1EE
Accountants		Gascoynes
		Chartered Accountants
		Gascoyne House
		Moseleys Farm Business			Centre
		Fornham All Saints
		Bury St Rlmunds
		Suffolk
		IP28 6JY
Bankers		Holts Royal Bank	of Scotland
		The Royal Bank of Scotland pic
		Holts Military Banking
		2nd Floor, Lawrie	House
		31 - 37Victoria Rbad
		Farnborough
		GU14 7NR
Investment	managers	Cazenove Capital
		1 London Wall
		Barbican
		London
		EC2Y5AU
		Meteor Investment	Management			Limited
		55 King William Street
		London
		EC4R9AD

				2022	2021
			Notes
Incoming resources	from generated	funds
Voluntary income				56,560	21,885
Trading activities				506	5,141
Investment income				21,067	14,553
Total incoming resources				78,133	41,579
Resources expended
Cost of generating	funds
Voluntary income				2,000	7,458
Charitable activities				23,783	16,215
Overheads				274	15,990
Trading Activities				1,500
Total resources expended				27,557	39,663
Net surplus- Note 8				50,576	1,916
All ofthe results relate to continuing		activities.

				2022	2021
	Shop sales			506	5,141
3	Investment	income
				2022	2021
					F
	Cash and settlements		pending
	Gross bank interest earned on funds held on deposit				62
					62
	Dividends	and interest	received from investments
	Dividends	received		20,775	14,063
	Interest received on funds held			284	428
				21,059	14,491
	Total			21,067	14,553

					Cazenove	Meteor
					Capital	Investment
					Investment	Management
						0',d	Total
					f
	Cost or valuation
	At 1 April 2021				1,080,357	109,753	1,190,110
	Additions - purchase		ofstocks and shares		366,337		366,337
	Adjustments to agree		valuations to valuation	reports - note
	10				42,057	5,087	47,144
	Disposals- sale of stocks and shares				(315,128)		(315,128)
	Maturity of investment					(114,840)	(114,840)
	At 31 March 2022				1,173,623		1,173,623
	Carrying amount
	At 31 March 2022				1,173,623		1,173,623
	At 31 March 2021				1,080,357	109,753	1,190,110
6	Debtors
						2022	2021
	Amounts falling due		within one year:
	Prepaid expenses and		accrued income			1,620	1,580
7	Creditors: amounts	falling due within one		year
						2022	2021
	Accruals and deferred		income			2,529	2,529
8	Reserves				Revaluation	Reserves	Total
					reservesf	E
	Opening balance at 1		April 2021		(188,421)	(1,479,208)	(1,667,629)
	Surplus for year					(50,576)	(50,576)
	Adjustments to agree		valuations to valuation	report	(47,144)		(47,144)
	Closing balance at 31		March 2022		(235,565)	(1,529,784)	(1,765,349)

					2022		2021
Overheads - General
engagement costs				6,538		1,224
Postage and stationery						45
Insurance for regimental silver and artwork				2,256		2,144
Trustee indemnity insurance				781		520
Payment to RAF Regiment Heritage Centre as
authorised in The Centurion	Fund minutes					5,000
80th Anniversary costs				2,200
Trustees training courses						1,037
					11,775		9,970
Overheads - Financial
(Gain) on disposal ofstocks	and	shares by
Cazenove Capital Management		Ltd		(33,144)		(15,148)
Card machine charges				216		94
Investment Managers' charges for managing			Fund's
portfolios of investments				18,510		17,900
Accounting software subscription				144		144
Bookkeeping services				840		840
Accountancy and taxation				1,833		2,190
Legal and professional fees				100
					(11,501)		6,020
Overheads - Trading acti vi	tes
Purchase ofstock for resale				1,500
					1,500