| Contents | |
|---|---|
| Page | |
| Charityinformation | t-2 |
| Trustees'report | 3-11 |
| lndependent auditor's report | 12-15 |
| Statement of financialactiv¡ties | L6 |
| Balancesheet | t7 |
| Statementofcashflows | 18 |
| Notesto the financial statements | x9-34 |
| Trustees' report | |
|---|---|
| Charityregistrationnumber: | 1,r74874 |
| Companyregistrationnumber: | LOg22587 |
| Principaloffice: | 199 BoroughHighStreet,LondonSE1LAA |
| Patron: | Her MajestyTheQueen |
| GrandPresident: | General The LordRichardsofHerstmonceuxGCBCBEDSO |
| Deputy Grand President: | MajorGeneralGlMitchellCBMBE(andTrustee) |
| Trustees: | MrJMArcher |
| ColonelJ MBowlesMBE | |
| MajorUCleminsonCBEBEM TD(toLSIOS/Z?) | |
| MrJCoward(from t5/O5/221 | |
| ColonelPADaviSCBE | |
| MajorGeneralC HElliottCVOCBE | |
| BrigadierAWFreemantleCBE DBA | |
| LieutenantCommanderMRHawthornMBERN | |
| MrALHolmesOBE | |
| BrigadierJCLKingMBE | |
| ColonelAJMartinONZM | |
| ColonelMMSlatteryRRC | |
| MrsEStrouts | |
| MrsEAWatkinsDL | |
| BrigadierDAWilliamsMBE | |
| HonoraryRecorder: | Colonel MJWinarickOBE |
| Honorary LegalAdviser: | MrTEJCase |
| Honorary Medical Adviser: | MajorGeneralDSJolliffeCBEFRCP |
| SecretaryGeneral: | LieutenantColonelCFWarren |
| ControllerFinance: | MajorDThompson |
| Bankers: | National WestminsterBankplc |
| 65Piccadilly | |
| London W1A2PP | |
| lndependentauditor: | MazarsLLP |
| 6SuttonPlaza | |
| Sutton CourtRoad | |
| Sutton | |
| Surrey SM14JQ |
13 July 2022
| Fortheyearended31 | March2O22 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Designated | Restricted | Totalfunds | Total funds | ||
| Yearended | Yearended | ||||||
| funds | funds | funds | 3LMar2O22 | 31Mar2021 | |||
| f | r. | f | f | Inote2) f |
|||
| lncome | |||||||
| Donations andlegacies | |||||||
| Donations, grants andappeals | 3 | 664,282 | s96,2s6 | 1,260,538 | 1,,444,I98 | ||
| FCDOgrant | 7 | 2,843,7r0 | 2,843,710 | 2,092,1,84 | |||
| Legacies | |||||||
| lncomefrom¡nvestments | 4 | 76,244 | 4 | 32 | t6,280 | 19,r29 | |
| Total income | 680,s26 | 4 | 3,439,998 | 4,720,528 | 3,555,5L1 | ||
| Expenditure | |||||||
| Expenditure on raisingfunds | |||||||
| Fundraising costs | 5 | 47,397 | 47,397 | 45,782 | |||
| Poppy supplies andfreight | |||||||
| charges | 3s,30s | 3s,30s | 37,0L3 | ||||
| 87,70? | 82,742 | 82,795 | |||||
| Expenditure oncharitable | |||||||
| activities | |||||||
| RCELwelfare grants | 5 | 680,637 | 77,804 | 603,618 | 1,302,059 | r,902,t63 | |
| FCDOgrant | 7 | 2,8s9,380 | 2,859,380 | 2,s83,496 | |||
| Totalexpenditure | 763,339 | t7,804 | 3,462,998 | 4,244,I4I | 4,568,454 | ||
| Net(expenditure) before | |||||||
| ¡nvestmentga¡ns | (82,813) | (17,800) | (23,000) | (123,613) | (r,0r2,943l. | ||
| Gainsoninvestments | 72,858 | 72,858 | 143,880 | ||||
| Net(expenditure) before | |||||||
| transfers | (9,9ss) | (17,800) | (23,000) | (s0,7ss) |
(86e,063) |
||
| Transfers betweenfunds | (37,000) | 37,000 | |||||
| Netmovementinfunds | (46,9ss) | 79,200 | (23,000) | (s0,7ss) | (869,063) | ||
| Total funds broughtforward | 'J",764,46r | 1r9,468 | L46,540 | 2,030,469 | 2,899,s32 | ||
| Total funds carriedforward | 16,L7,18,L9 | L,7r7,506 | 139,669 | t23,540 | 1,979,714 | 2,030,469 |
| 2022 | 202L | ||
|---|---|---|---|
| Notes | f | f | |
| Fixed assets | |||
| lntangibleassets | t2 | ||
| lnvestments | 13 | l_,550,199 | 1,660,943 |
| 1,550,1_99 | r,660,943 | ||
| Currentassets | |||
| Debtors | !4 | 14,028 | 38,818 |
| Cashatbank andinhand | 485,080 | 409,351 | |
| 499,1"08 | 448,169 | ||
| Creditors: amounts fallingduewithin | |||
| oneyear | 15 | (69,593) | (78,6431 |
| Netcurrentassets | 429,5L5 | 369,526 | |
| Netassets | t9 | r,979,71-4 | 2,O3O,469 |
| Represented by: | |||
| Unrestricted funds | 16 | L,7L7,506 | r,764,461 |
| Designatedfunds | L7 | 138,668 | rr9,468 |
| Restrictedfunds | 18 | 123,540 | 146,540 |
| 1,979,7L4 | 2,O3O,469 |
| StatementofCashFlowsforthe year | ended31Marc | h 2022 | |
|---|---|---|---|
| Year ended | Year ended | ||
| 3tMar2O22 | StMa¡2021 | ||
| f | f | ||
| Cashflows fromoperatingactivities | |||
| Net(expenditure) | (50,755) | (869,063) | |
| Adjustmentsfor: | |||
| (Gain)on investments | (72,8581 | (L43,880) | |
| lnterestincome | (16,280) | (r9,1.29) | |
| Trade andotherdebtors | 24,790 | 3,513 | |
| Trade andothercreditors | (9,050) | 24,354 | |
| Cashflows(usedinloperatingactivities | lL24,t53l | (1,004,205) | |
| Cashflowsgenerated in investingactivities | |||
| Purchaseofinvestments* | (16,398) | (l_8,675) | |
| Proceedsondisposalofinvestments* | 200,000 | 250,000 | |
| lnterestreceived | L6,280 | 19,129 | |
| Cashflowsgeneratedfrominvestingactivities | L99,882 | 25O,454 | |
| Net increase/(decrease) incash | 75,729 | (753,75t1 | |
| At1Apr2021 | Movementincash | At31Mar2022 | |
| Cashatbank | E 409,351 |
r. 75,729 |
f -tt,* |
| UnrestrictedDesignated funds funds |
UnrestrictedDesignated funds funds |
Restricted funds |
Totalfunds 2021" |
|
|---|---|---|---|---|
| f | f | f | f | |
| lncome | ||||
| Donations andlegacies | ||||
| Donations,grantsand appeals | 648,651 | 10,000 | 785,547 | L,444,!98 |
| FCDOgrant | 2,092,184 | 2,092,184 | ||
| Legacies | ||||
| lncomefrominvestments | 19,044 | 22 | 63 | t9,r29 |
| Total income | 667,695 | 10,022 | 2,877,794 | 3,555,511 |
| Expenditure | ||||
| Expenditure onraisingfunds | ||||
| Fundraising costs | 45,782 | 45,782 | ||
| Poppy supplies andfreightcharges | 37,0r3 | 37,Ot3 | ||
| 82,795 | 82,795 | |||
| Expenditure on charítableactivities | ||||
| RCELwelfaregrants | t,Llo,6Lo | 99 | 791,454 | L,902,L63 |
| FCDOgrants | 2,583,496 | 2,s83,496 | ||
| Totalexpenditure | L,tg3,4o5 | 99 | 3,374,950 | 4,568,454 |
| Net(expenditure)/incomebefore investmentgains |
(525,71,O) | 9,923 | (497,1561 | (t,ot2,943) |
| Gainson investmentassets | 143,880 | 143,880 | ||
| Net(expenditure)/incomebeforetransfers | (381,830) | 9,923 | (497,156)(869,063) | |
| Transfers betweenfunds | (30,000) | 30,000 | ||
| Netmovementinfunds | (411,830) | 39,923 | (497,t561 | (869,063) |
| Total funds broughtforward | 2,!76,29t | 79,545 | 643,696 | 2,899,s32 |
| Total funds carriedforward | 1,764,4611t9,468 | L46,540 | 2,030,469 |
| Unrestricted | Designated | Restricted | Yearended | |
|---|---|---|---|---|
| funds | funds | funds | 3LMar2O22 | |
| Totalfunds | ||||
| f | f | f | f | |
| Affiliationfees | 270 | 270 | ||
| DonationsfromMemberOrganisations | 242,624 | 242,624 | ||
| Donationsin kindfromMemberOrganisation (seenotea) |
76,659 | 76,659 | ||
| Contributionsfromexternal fundsto administration(seenoteb) |
67,771. | 67,77t | ||
| Other donations | 282,958 | 596,256 | 879,21.4 | |
| 664,282 | 596,2561,260,538 | |||
| Unrestricted | Designated | Restricted | Yearended | |
| funds | funds | funds | 31Mar2021 | |
| Totalfunds | ||||
| f | € | f | f | |
| Affiliationfees | 400 | 400 | ||
| DonationsfromMemberOrganisations | 242,652 | 10,000 | 252,652 | |
| Donationsin kindfromMemberOrganisation (seenotea) |
72,928 | 72,928 | ||
| Contributionsfromexternal fundsto administration(seenoteb) |
55,473 | 55,473 | ||
| Other donations | 277,L98 | 785,547 | L,062,745 | |
| 648,651 | 10,000 | 785,547 | 1,444,198 |
| tions inkindfromTheRoyalBritishLegionweremad | e upasfollows:- | |
|---|---|---|
| Yearended | Yearended | |
| 3Luar2Oi22 | 3LMar2O21. | |
| f | f | |
| Donation of lapelpoppies | 31,222 | 30,198 |
| Freeoffice accommodationandservices | 45,437 | 42,730 |
| 76,659 | 72,928 |
| ing charitieshave made donationstocontribute to | theLeague'sadministrationcosts:- | theLeague'sadministrationcosts:- |
|---|---|---|
| YearendedYearended | ||
| 31.Mar2O22 3tMar202L | ||
| ff | ||
| RoyalAirForceBenevolentFund | 18,2!4 | 15,473 |
| Royal Navy BenevolentTrust | 3,557 | |
| ABFTheSoldiers'Charity | 20,000 | 20,000 |
| TheOfficers'Association | 20,000 | 20,000 |
| 67,77r | 55,473 |
lncomefrominvestments |
||||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Yearended | |
| funds | funds | funds | 3LMar2O22 | |
| Total funds | ||||
| f | f | f | f | |
| Dividendincome | L5,799 | 15,799 | ||
| lnterestonfixed deposit | 427 | 427 | ||
| Otherbankdeposit interest | 18 | 4 | 32 | 54 |
| 16,244 | 4 | 32 | L6,280 | |
| Unrestricted | Designated | Restricted | Year ended | |
| funds | funds | funds | 31.Mar2O2l | |
| Total funds | ||||
| f | f | f | f | |
| Dividendincome | t4,771 | 14,771 | ||
| lnterestonfixed deposit | 3,676 | 3,676 | ||
| Otherbankdeposit interest | 597 | 22 | 63 | 682 |
| 19,044 | 22 | 63 | t9,r29 |
| Notestothefinancialstatements Forthe year ended31March2022 5 Fundraisingcosts |
|||
|---|---|---|---|
| Yearended | Yearended | ||
| 31"Mar2O22 | 31 | Mar2021 | |
| î. | f | ||
| Directfundraisingcosts | 6,r72 | 5,703 | |
| Supportcosts(seenote8) | 41",225 | 40,o79 | |
| 47,397 | 45,782 |
| 6 RCELwelfare grants |
||||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Yearended | |
| funds | funds | funds | 31Mar | |
| 2022 | ||||
| Total funds | ||||
| f | f | f | f | |
| Fundsadministeredand disbursedon behalf ofother charities |
558,881 | 558,881 | ||
| GrantstoMemberOrganisations | 492,248 | 44,630 | 536,878 | |
| Projectgrants | 9,440 | 9,440 | ||
| Welfaretourcosts | 3,795 | 3,795 | ||
| Supportcosts(seenote8) | t75,r54 | 17,804 | ro7 | 193,065 |
| 680,637 | 17,804 | 603,6181,302,059 | ||
| Unrestricted | Designated | Restricted | Yearended | |
| funds | funds | funds | 31Mar | |
| 2021" | ||||
| Total funds | ||||
| f | î | f | € | |
| Fundsadministeredand disbursedon behalf ofother charities |
718,759 | 718,759 | ||
| GrantstoMemberOrganisations | 988,674 | 72,55L | 1,06L,225 | |
| Projectgrants | 1.4,467 | L4,467 | ||
| Welfaretourcosts | (2,559) | (2,559) | ||
| Supportcosts | tto,027 | 99 | !45 | LlO,27r |
| 1,110,609 | 99 | 79L,455 | t,902,163 |
| otestothefinancialstatements orthe year ended31March2022 Welfare (continued) henumber of individualcasesassistedduringtheperiodwasasfollows:- |
||
|---|---|---|
| 2022 | 202L | |
| Number | Number | |
| FromtheCharity'sown funds | 4,590 | 5,23r |
| Fundsadministeredand disbursedonbehalfofothercharities(Agency | 705 | 703 |
| work) | ||
| 5,285 | 5,934 |
| oyalCommonwealthEx-Services FCDO |
League,1-99BoroughHi | ghStreet,Lond | on,SE1LAA. | |||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Yearended | Yearended | ||
| funds | funds | funds | 31Mar | 31Mar | ||
| 2022 | 202L | |||||
| Total funds | Total funds | |||||
| f | f | f | f | f | ||
| lncome | ||||||
| FCDOincome-welfare | 2,579,4t5 | 2,578,4r5 | !,9t9,237 | |||
| FCDOincome-operational | 265,295 | 265,295 | 172,947 | |||
| 2,843,710 | 2,843,7t0 | 2,092,L84 | ||||
| Expenditure | ||||||
| FCDOwelfaregrants | 2,492,888 | 2,492,888 | 2,159,989 | |||
| FCDOothercosts | 366,492 | 366,492 | 423,507 | |||
| 2,859,380 | 2,859,380 | 2,583,496 |
| Yearended | Yearended | ||||
|---|---|---|---|---|---|
| SLMar2022 | 3LMa¡2O2I | ||||
| Welfare | FCDOothercosts | Fundraising | Total funds | Totalfunds | |
| f | € | f | f | f | |
| Staffcosts (seenote9) | L14,430 | 293,615 | 19,gg1 | 427,926 | 455,399 |
| Conferences&meetings | 29,235 | 12,962 | 3,987 | 46,184 | 5,653 |
| Office accommodation &services | 21,872 | 15,763 | 9,336 | 46,971 | 44,369 |
| Travel &subsistence costs | t,192 | 17,462 | 63 | t8,717 | 794 |
| Safeguarding | (5,328) | ||||
| Deliveryexpenses | 3,880 | ||||
| Othercosts | to,r77 | 5,457 | 1.5,634 | 20,t51. | |
| Legalcosts | 5,43t | 'J.,832 | 2,674 | 9,937 | 16,277 |
| Auditor'sremuneration | |||||
| - Audit |
3,355 | 4,737 | 7,652 | 9,744 | 9,491 |
| - Otherservices |
4,964 | 13,465 | 2,445 | 20,874 | 18,282 |
| Annualreport | 2,409 | 1,r99 | '1,r87 | 4,795 | 4,900 |
| Total(see notes 5 and6) | 193,065 | 366,492 | 41.,225 | 600,782 | 573,857 |
Staffcosts |
||
|---|---|---|
| Yearended | Yearended | |
| 3tMa¡2O22 | 31Mar2021 | |
| Total funds | Totalfunds | |
| r- | f | |
| Wages and salaries | 298,908 | 326,333 |
| Socialsecuritycosts | 30,877 | 32,548 |
| Pension costs (seenote11) | 28,908 | 30,667 |
| Staff insurance and healthcare | 11,L98 | 12,804 |
| Overseasproject officers (contract staff) | 58,035 | 53,036 |
| Staffcosts | 427,926 | 455,388 |
cheme. DuringtheyeartheCharitypaidcontributionsof f2 30,667). 2 lntangiblefixedassets |
8,908(2021,:7 staffwithcon |
|---|---|
| Website | |
| f | |
| Cost | |
| Balanceat1April 2O2tand3tMarch 2022 | 2,063 |
| Depreciation | |
| Balanceat1April2021,and3lMarch 2022 | 2,063 |
| Net book value | |
| At31-March2022 | |
| At31March2021 |
| Notestothefinancialstatements orthe year ended3lMarch 2022 3 lnvestments |
||
|---|---|---|
| 2022 | 202t | |
| f | r. | |
| At1January | L,660,943 | 1,,748,388 |
| Additions | 16,398 | 18,675 |
| Disposals | (200,000) | (250,000) |
| Realisedand unrealisedgainsonportfolio | 72,858 | 43,990 |
| Movementincash | 143,880 | |
| Market value at31March | 1,550,199 | 1,660,943 |
| Historicalcost | 640,732 | 824,334 |
| 4 Debtors |
||
|---|---|---|
| 2022 | 2021" | |
| r. | f | |
| Accruedinterest | 835 | 1,006 |
| Prepayments | 13,193 | 37,8r2 |
| Other debtors | ||
| L4,028 | 38,818 |
| 5 Creditors: amountsfallingduewithinoneye |
ar | |
|---|---|---|
| 2022 | 202t | |
| f | f | |
| Taxationand social secur¡ty | 9,3L0 | to,944 |
| Accruals | 42,868 | 48,327 |
| Deferred income | 15,000 | 15,000 |
| Other creditors | 2,415 | 4,372 |
| 69,593 | 78,643 |
| 6 Unrestricted funds |
||||||
|---|---|---|---|---|---|---|
| AtlApril2021 | Income | Expenditure | Gainson | Transfer | At3lMar2O22 | |
| investments | between funds | |||||
| r. | f | f | f | f | f | |
| Accumulated fund | r,764,46L | 680,526 | (763,339) | 72,858 | (37,000) | L,717,506 |
| At1Jan 2020 | lncome | Expenditure | Gainson | Transfer | At31Mar2021 | |
| î | f | f | ¡nvestments f |
between funds f |
f | |
| Accumulated fund | 2,t76,291 | 667,695 | (1,193,405) | 143,880 | (30,000) | t,764,461 |
| Forthe rended31Ma 7 Designatedfunds |
rch 2022 | |||||
|---|---|---|---|---|---|---|
| At1Apr2021 | lncome | Expenditure | Transfer | ALSLMar2O22 | ||
| between funds | ||||||
| € | f | f | f | f | ||
| ConferenceFund | 98,937 | 37,000 | t35,937 | |||
| StaffContingencyFund | 20,53]- | 4 | (77 | ,804 ) |
2,73L | |
| Total | L1"9,468 | 4 | (77,8041 | 37,000 | 1,38,668 | |
| At1Apr2020 | lncome | Expenditure | Transfer | At31Mar2021 | ||
| between funds | ||||||
| ConferenceFund | 59,036 | 10,000 | (ss) | 30,000 | 98,937 | |
| StaffContingencyFund | 20,509 | 22 | 20,537 | |||
| Total | 79,545 | LO,O22 | (ee) | 30,000 | tLg,468 |
| At1Apr | lncome | Expenditure | Transfers | At31Mar | |
|---|---|---|---|---|---|
| 202t | 2022 | ||||
| f | f | f | f | f | |
| FCDO | 6,762 | 2,843,710 | (2,859,380) | (8,908) | |
| The AskariAppeal | 53,443 | 2,463 | (L,1,28) | 54,778 | |
| PrincePhilipLodgeFund | 163 | 163 | |||
| Auchinleck Appeal | 2L,6L5 | 209 | (s3) | 21.,771- | |
| Legacy:lndian ArmyAssociation | 31,03L | 31,031 | |||
| TRBLWomen'sSection | 17,500 | (5,71,2) | 11,788 | ||
| QueenMary's RoehamptonTrust | 20,000 | (2o,ooo) | |||
| African Veterans | 4,3!2 | (1,890) | 2,422 | ||
| MStJWayCharitable Trust | 4,000 | (4,000) | |||
| Fundsadministered on behalfof | LL,7L4 | 557,662 | (558,881) | L0,495 | |
| othercharities(agencywork) | |||||
| Other restrictedgrants | Lt,954 | (11_,954) | |||
| t46,54O | 3,439,998(3,462,998) | 123,540 | |||
| At1Apr | lncome | Expenditure | Transfers | At31Mar | |
| 2020 | 202t | ||||
| f | r. | f | f | f | |
| FCDO | 498,O74 | 2,092,184 | (2,593,496) | 6,762 | |
| TheAskariAppeal | 53,304 | 2tt | (72) | 53,443 | |
| PrincePhilipLodgeFund | 163 | 163 | |||
| AuchinleckAppeal | 2t,469 | 218 | (72Ì. | 2t,6t5 | |
| Legacy:lndian ArmyAssociation | 31,031 | 31,031 | |||
| TRBLWomen'sSection | 77,500 | 10,000 | (10,000) | 17,500 | |
| BIindVeteransUK | 19,690 | (19,690) | |||
| QueenMary's RoehamptonTrust | 15,000 | (15,000) | |||
| African Veterans | 10,000 | (5,688) | 4,312 | ||
| MStJWayCharitableTrust | 4,000 | (4,000) | |||
| Fundsadministered on behalfof | 13,155 | 717,318 | (718,759) | tt,7L4 | |
| othercharities(agencywork) | |||||
| Other restricted grants | 9,000 | 9,L73 | (18,173) | ||
| 643,696 | 2,877,794 | (3,374,950) | L46,540 |
| Unrestricted | Unrestricted | Designated | Restricted | Total funds | |
|---|---|---|---|---|---|
| funds | funds | funds | 2022 | ||
| f | f | f | f | ||
| lnvestments | 1,550,199 | 1,550,19g | |||
| Currentassets | 236,900 | 138,668 | 123,540 |
499,L0g | |
| Current liabilities | (69,593) | (69,593) | |||
| 1,7!7,506 | 138,668 |
123,540t,g7g,7L4 | |||
| Unrestricted | Designated Restricted |
Total funds | |||
| funds | funds | funds | 202L | ||
| € | f | r | f | ||
| lnvestments | L,660,g43 | 1-,660,943 | |||
| Currentassets | L82,T6L | 119,468 | 146,540 | 448,169 | |
| Current liabilities | (78,6431 | (78,643l, | |||
| I,764,46L | 119,468 | L46,540 | 2,030,469 |
| Donationshav | e been | receivedfromthese related p | arties duringtheperiod | |
|---|---|---|---|---|
| 3tMar2022 | 3tMar2O2L | |||
| Totalfunds | Totalfunds | |||
| î. | € | |||
| TheRoyalBritish | Legion | annual donation | 240,000 | 240,OO0 |
| TheRoyalBritish | Legion | (seenote3a) | 76,659 | 72,928 |
| TheRoyalBritish | Legion | (women'ssection) | L0,000 | |
| TheRoyalBritish | Legion | (conference) | 10,000 |