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|Trustees||Squadron
Leader Richard Woolls|Squadron
Leader Richard Woolls|Squadron
Leader Richard Woolls|(Chairman)|(Chairman)|
|---|---|---|---|---|---|---|
|||Group Captain
Piers Holland|||||
|||Flight Sargeant
Richard|Bromwell||||
|||Flight Sargeant
(Retired)|Steven||Thorp||
|||Group Captain
(Retired)|Lee|Taylor|||
|||Warrant
Officer Gareth|Elliot||||
|Chairman|ofthe Trustees|Squadron
Leader Richard Woolls|||||
|Chairman|ofthe Executive Committee|Wing Commander
Anthony||J Field||MBA RAF|
|Treasurer||Squadron
Leader (OF3)|Graeme||Royston BSc(Hons) RAF||
|Charity number||1171215|||||
|Operation|address|RAF FP Headquarters|||||
|||RAF Honington|||||
|||Bury St Edmunds|||||
|||Suffolk|||||
|||IP31 1EE|||||
|Accountants||Gascoynes|||||
|||Chartered
Accountants|||||
|||Gascoynes
House|||||
|||Fornham
All Saints|||||
|||Suffolk|||||
|||IP28 6JY|||||
|Bankers||Holts Roya
I Bank of Scotland|||||
|||The Royal Bank of Scotland||pic|||
|||Holts Military
Banking|||||
|||2nd Floor, Lawrie House|||||
|||31 - 37Victoria Road|||||
|||Farnborough|||||
|||GU14 7NR|||||
|investment|managers|Cazenove
Capital|||||
|||1 London
Wall|||||
|||Barbican|||||
|||London|||||
|||EC2Y 5AU|||||
|||Meteor Investment
Management||||Limited|
|||55 King William Street|||||
|||London|||||
|||EC4R 9AD|||||
##
||||||Page|
|---|---|---|---|---|---|
|Trustees'|report||||1-3|
|Independent||examiner's||report||
|Statement|of|financial|activities|||
|Balance sheet||||||
|Notes to|the|accounts||||
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|||||2023|2022|
|---|---|---|---|---|---|
||||Notes||f|
|Incoming
resources|from generated|funds||||
|Voluntary
income||||15,391|56,560|
|Trading
activities||||4,143|506|
|Investment
income||||23,398|21,067|
|Total incoming
resources||||42,932|78,133|
|Resources expended||||||
|Cost of generating|funds|||||
|Voluntary
income||||393|2,000|
|Charitable
activities||||14,734|23,783|
|Overheads||||30,984|274|
|Trading
Activities||||946|1,500|
|Total resources expended||||47,057|27,557|
|Net (Deficit)/surplus|- Note 8|||(4,125)|50,576|
|All ofthe results relate to continuing||activities.||||
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||f||
|Fixed assets|||||||||
|Tangible assets||||||489,795||337,928|
|Investments||||||1,223,412||1,288,463|
|||||||1,713,207||1,626,391|
|Current assets|||||||||
|Debtors|||||3,725||1,620||
|Cash at bank and||in hand|||68,567||139,867||
||||||72,292||141,487||
|Creditors: amounts|||falling due within||||||
|one year|||||(2,643)||(2,529)||
|Net current assets||||||69,649||138,958|
|Total assets|less|current liabilities||||1,782,856||1,765,349|
|Capital and|reserves||||||||
|Reserves|||||1,525,659||1,529,784||
|Revaluation|reserve||||257,197||235,565||
|||||||1,782,856||1,765,349|
|||||||1,782,856||1,765,349|
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|3|Investment|income||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||||f|
||Cash and settlements||pending|||||
||Gross bank|interest earned||on funds|held on deposit|190||
|||||||190||
||Dividends|and interest|received from investments|||||
||Dividends|received||||22,495|20,775|
||Interest received on funds|||held||713|284|
|||||||23,208|21,059|
||Total|||||23,398|21,067|
|4|Tangible fixed assets|Tangible fixed assets||Museum art|Regimental|Computer|Transatlantic|Total|
|---|---|---|---|---|---|---|---|---|
|||||collection|silver|equipment|rowing boat||
|||||||f|f||
||Cost||||||||
||At 1 April 2022|||26,045|311,883|846||338,774|
||Additions|||14,400|||40,000|54,400|
||Revaluation||||102,467|||102,467|
||At 31 March|2023||40,445|414,350|846|40,000|495,641|
||Depreciation|and impairment|||||||
||At 1 April 2022|||||846||846|
||Depreciation|charged|in the year||||5,000|5,000|
||At 31 March|2023||||846|5,000|5,846|
||Carrying
amount||||||||
||At 31 March|2023||40,445|414,350||35,000|489,795|
||At 31 March|2022||26,045|311,883|||337,928|
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||||||Cazenove|Meteor||
|---|---|---|---|---|---|---|---|
||||||Capital|Management||
||||||Investment|Investment|Total|
|||||||f|f|
||Cost or valuation|||||||
||At 1 April 2022||||1,173,623|114,840|1,288,463|
||Additions
- purchase|ofstocks and shares|||443,570||443,570|
||Adjustments
to agree|valuations|to valuation|reports - note 10|(78,401)|(2,435)|(80,836)|
||Disposals
—sale of stocks and shares||||(427,785)||(427,785)|
||At 31 March 2023||||1,111,007|112,405|1,223,412|
||Carrying
amount|||||||
||At 31 March 2023||||1,111,007|112,405|1,223,412|
||At 31 March 2022||||1,173,623|114,840|1,288,463|
|6|Debtors|||||||
|||||||2023|2022|
||Amounts
falling due within one year:|||||f|f|
||Prepaid expenses
and accrued income|||||3,725|1,620|
|7|Creditors: amounts|falling due|within one|year||||
|||||||2023|2022|
|||||||f|f|
||Accruals and deferred|income||||2,643|2,529|
|8|Reserves||||Revaluation|Reserves|Total|
||||||reserves|||
||Opening
balance at 1 April 2022||||(235,565)|(1,529,784)|(1,765,349)|
||Deficit for year|||||4,125|4,125|
||Adjustments
to agree|valuations|to valuation|report|(21,632)||(21,632)|
||Closing balance at 31 March 2023||||(257,197)|(1,525,659)|(1,782,856)|
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||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
||||||||||f|
|Incoming
resources||||||||||
|Voluntaryincome||||||||||
|Bequest income||||||||48,712||
|Income for maintenance|||of memorial||stones at the|||||
|National
Memorial|Arboretum|||||2,013||2,251||
|Fundraising
events|and||donations|||13,378||5,597||
||||||||15,391||56,560|
|Trading activities||||||||||
|Shop sales||||||4,143||506||
||||||||4,143||506|
|Investment
income||||||||||
|Gross bank interest||received||||190||8||
|Dividends
received||||||22,495||20,775||
|Interest received on||funds||held with|investment|||||
|managers||||||713||284||
||||||||23,398||21,067|
|Total incoming
resources|||||||42,932||78,133|
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||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
||||||||||f|
|Resources expended||||||||||
|Costs of generating|funds|||||||||
|Voluntary income||||||||||
|Contribution
for travel||(2022 contribution|||to law|||||
|degree) funded
out|of|Gravely|Budget|||393||2,000||
||||||||(393)||(2,000)|
|Charitable
activities||||||||||
|Supported
projects||||||1,600||4,991||
|Gifting costs||||||1,086||327||
|Ebids and contributions||to sport and adventure||||||||
|activities||||||6,917||12,814||
|National
Memorial|Arboretum||maintenance||and|||||
|engraving
costs||||||3,044||3,954||
|National
Memorial|Arboretum||annual|subscription||2,087||1,697||
||||||||(14,734)||(23,783)|
|Overheads||||||||||
|General||||||14,349||11,775||
|Financial||||||16,635||(11,501)||
|Trading
activities||||||946||||
||||||||(31,930)||(274)|
|Total resources expended|||||||(47,057)||(26,057)|
|Net (deficit)/surplus||for year|||||(4,125)||50,576|
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|||||2023||2022|
|---|---|---|---|---|---|---|
|||||||f|
|Overheads
- Genera(|||||||
|Engagement
costs|||5,826||6,538||
|Depreciation
of rowing
boat|||5,000||||
|Insurance
for regimental
silver and artwork|||2,275||2,256||
|Trustee indemnity
insurance|||525||781||
|80th Anniversary
costs|||637||2,200||
|Trustees training
courses|||86||||
|||||14,349||11,775|
|Overheads
-Financial|||||||
|(Gain) on disposal of stocks|and shares by Cazenove||||||
|Capital Management
Ltd|||(5,864)||(33,144)||
|Card machine
charges|||35||216||
|Investment
Managers'
charges for managing||Fund's|||||
|portfolios of investments|||18,102||18,510||
|Accounting
software
subscription|||144||144||
|Bookkeeping
services|||840||840||
|Accountancy
and taxation|||1,833||1,833||
|Legal and professional
fees|||45||100||
|Regimental
silver valuation|fees||1,500||||
|||||16,635||(11,501)|
|Overheads
- Trading activites|||||||
|Purchase of stock for resale|||946||||
|||||946|||
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