| Trustees' report Contents |
|
|---|---|
| Page | |
| Charityinformation | t-2 |
| Trustees'report | 3-11 |
| lndependentauditor/sreport | t2-15 |
| Statement offinancial activities | 15 |
| Balancesheet | L7 |
| Statementofcashflows | x8 |
| Notestothe financ¡alstatements | 19-34 |
| The Royal Commonwea | lth Ex-ServicesLeague |
|---|---|
| Trustees'report | |
| Charityregistrationnumber: | 1.174874 |
| Companyregistrationnumber: | 1o922587 |
| Principaloffice: | L99 BoroughHighStreet,LondonSE11AA |
| Grand President: | GeneralTheLordRichardsofHerstmonceuxGCBCBE DSO |
| Deputy Grand President: | MajorGeneral GlMitchellCBMBE(and Trustee) |
| Trustees: | MrJMArcher |
| ColonelJMBowlesMBE | |
| MrJCoward | |
| ColonelPADavisCBE | |
| MajorGeneralCHElliottCVOCBE | |
| BrigadierAWFreemantleCBEDBA | |
| Lieutenant CommanderMRHawthornMBERN | |
| MrALHolmesOBE | |
| BrigadierJCLKingMBE | |
| ColonelAJ MartinONZM | |
| ColonelMMSlatteryRRC | |
| MrsEStrouts | |
| MrsEAWatkinsDL | |
| BrigadierDAWilliamsMBE | |
| HonoraryRecorder: | ColonelMiWinarickOBE |
| HonoraryLegalAdviser: | MrTEJCase |
| Honorary Medical Adviser: | MajorGeneralDSJolliffeCBEFRCP |
| SecretaryGeneral | Lieutenant ColonelCFWarren |
| ControllerFinance: | MajorDHThompson |
| Bankers: | NationalWestminsterBank plc |
| 65 Piccadilly | |
| London W1A2PP | |
| lndependent auditor: | MazarsLLP |
| 90Victoria Street | |
| Bristol | |
| BS1 6DP |
18 July 2023
| ortheyear ended31 | March2O2 | 3 | ||||||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Designated | Restricted | Totalfunds | Totalfunds | |||
| Yearended | Yearended | |||||||
| funds | funds | funds | 31Mar2023 | 31Mar2O22 | ||||
| (note2) | ||||||||
| f | f | r. | € | f | ||||
| lncome | ||||||||
| Donations andlegacies | ||||||||
| Donations, grantsand appeals | 3 | 686,850 | 524,837 | 1,2!1,687 | 1,260,s38 | |||
| FCDOgrant | 7 | 2,552,398 | 2,ss2,398 | 2,843,7L0 | ||||
| Legacies | 5,000 | 5,000 | ||||||
| lncomefrominvestments | 4 | 23,r09 | 62 | 1,759 | 24,930 | 16,280 | ||
| Total income | 709,9s9 | 62 | 3,083,994 | 3,794,015 | 4,t20,528 | |||
| Expenditure | ||||||||
| Expenditure onraisingfunds | ||||||||
| Fundraising costs | 5 | s2,098 | s2,098 | 47,397 | ||||
| Poppy supplies andfreight | ||||||||
| charges | 14,436 | 14,436 | 3s,30s | |||||
| 66,534 | 66,534 | 82,702 | ||||||
| Expenditure on charitable | ||||||||
| activities | ||||||||
| RCELwelfaregrants | 6 | 625,755rO2,66L | s00,34s | L,228,761 | L,302,0s9 | |||
| FCDOgrant | 7 | 2,54r,944 | 2,54'J.,944 | 2,859,380 | ||||
| Total expenditure | 625,755L02,661, | 3,042,289 | 3,837,239 | 4,244,141. | ||||
| Net income/(expenditu re) | ||||||||
| beforeinvestment | ||||||||
| (losses)/gains | \7,670 | (102,s99) | 47,705 | (43,224l | (123,613) | |||
| (Losses)/gainson investments | (22,932) | (22,932l. | 72,858 | |||||
| Net(expenditure)/income before transfers |
(s,262)(102,ses) | 47,70s | (66,1s6) |
(s0,7ss) |
||||
| Transfers between funds | ||||||||
| Net movementinfunds | (s,262l. | (102,s99) | 4I,705 | (66,1s6) | (s0,7ss) | |||
| Total funds broughtforward | 1,717,506 | 138,668 | 123,540 | L,979,774 | 2,030,469 | |||
| Total funds carriedforward | L6,t7,L8,L9 | L,7!2,244 | 36,069 | L65,245 | 1,913,558 | 1,979,714 |
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | î. | f | |
| Fixedassets | |||
| lntangibleassets | L2 | ||
| lnvestments | 13 | 1,373,131" | 1,550,199 |
| 1,,373,r3r | l_,550,1_99 | ||
| Currentassets | |||
| Debtors | 1,4 | 13,403 | L4,028 |
| Cashatbank andinhand | 577,285 | 485,080 | |
| 590,688 | 499,rO8 | ||
| Creditors: amountsfallingduewithin | |||
| oneyear | 15 | (50,261) | (69,593) |
| Netcurrentassets | 540,427 | 429,515 | |
| Netassets | 19 | 1,913,558 | 1_,979,71_4 |
| Representedby: | |||
| Unrestricted funds | L6 | r,712,244 | 1,,717,506 |
| Designatedfunds | t7 | 36,069 | L38,668 |
| Restrictedfunds | 18 | L65,245 | r23,540 |
| 1,913,558 | 1,,979,71,4 |
| Yearended | Yearended | ||
|---|---|---|---|
| 3tMar2O23 | 3tMar2022 | ||
| f | r. | ||
| Cashflowsfromoperatingactivities | |||
| Net (expenditure) | (66,156) | (50,755) | |
| Adjustments for: | |||
| Loss/(gain)on investments | 22,932 | (72,858) | |
| lnterestincome | (24,9301 | (1"6,280) | |
| Decrease intradeandotherdebtors | 625 | 24,790 | |
| Decrease intradeandothercreditors | (19,332) | (9,050) | |
| Cashflows(usedin)operatingactivities | (86,861) | lt24,t53l | |
| Cashflowsfrominvestingactivities | |||
| Purchaseofinvestments* | (2O,864',) | (16,398) | |
| Proceedson disposalofinvestments* | 175,000 | 200,000 | |
| lnterestreceived | 24,930 | 1,6,280 | |
| Cashflows generatedfrominvesting activities Netincreaseincash |
':'ou ,r |
199,882 75,729 |
|
| Cashatbank | AttApr2O22 f 485,080 |
Movementincash f tr,r* |
At31Mar2023 f 577,285 |
| 2 Comparative StatementofFinanc |
ialActivities-year ended3LM | ialActivities-year ended3LM | arch2O22 | |
|---|---|---|---|---|
| UnrestrictedDesignated funds funds |
Restricted funds |
Total funds 2022 |
||
| f | f | f | f | |
| lncome | ||||
| Donations andlegacies | ||||
| Donations,grants and appeals | 664,282 | 596,256 | 1,260,538 | |
| FCDOgrant | 2,843,7!0 | 2,843,710 | ||
| Legacies | ||||
| lncomefrominvestments | t6,244 | 4 | 32 | 76,280 |
| Totalincome | 680,526 | 4 | 3,439,9984,L20,528 | |
| Expenditure | ||||
| Expenditure onraisingfunds | ||||
| Fundraising costs | 47,397 | 47,397 | ||
| Poppy supplies andfreightcharges | 35,305 | 35,305 | ||
| 82,702 | 82,702 | |||
| Expenditure on charitableactivities | ||||
| RCELwelfaregrants | 680,637 | 77,804 | 603,6L8 | 1.,302,O59 |
| FCDOgrants | 2,859,380 | 2,859,380 | ||
| Total expenditure | 763,339 | t7,804 | 3,462,9994,244,L4L | |
| Net(expenditure)beforeinvestmentgains | (82,813) | (17,800) | (23,000) | (123,613) |
| Gainsoninvestmentassets | 72,858 | 72,858 | ||
| Net (expenditure)before transfers | (9,955) | (17,800) | (23,000)(50,755) | |
| Transfers between funds | (37,000) | 37,000 | ||
| Netmovementinfunds | (46,955) | t9,2O0 | (23,000) | (50,755) |
| Total fundsbroughtforward | 1,,764,467 | t!9,468 | 146,540 | 2,030,469 |
| Totalfunds carriedforward | L,7L7,506 | 138,668 | L23,54O | L,979,7L4 |
| Unrestricted | Designated | Restricted | Restricted | Yearended | |
|---|---|---|---|---|---|
| funds | funds | funds | 31Mar2023 | ||
| Total funds | |||||
| f | f | f | f | ||
| Affiliationfees | 260 | 260 | |||
| DonationsfromMemberOrganisations | 240,000 | 240,000 | |||
| Donations inkindfromMember Organisation | |||||
| (seenotea) | 60,346 | 60,346 | |||
| Contributionsfromexternal fundsto | |||||
| administration(seenoteb) | 34,222 | 34,222 | |||
| Other donations | 352,022 | 524,837 | 876,859 | ||
| 686,850 | 524,837'J,,211,697 | ||||
| Unrestricted | Designated | Restricted | Yearended | ||
| funds | funds | funds | 3lMar2022 | ||
| Totalfunds | |||||
| f | f | f | f | ||
| Affiliationfees | 270 | 270 | |||
| DonationsfromMemberOrganisations | 242,624 | 242,624 | |||
| Donations inkindfromMember Organisation (seenotea) |
76,659 | 76,659 | |||
| Contributions from external fundsto | |||||
| administration(seenoteb) | 61,77',L, | 61.,771 | |||
| Other donations | 2g2,g5g | 596,256 | 879,214 | ||
| 664,282 | 596,256 | 1,260,538 |
|||
| Thedonations inkindfromTheRoyalBritish | Legionweremade upasfollows:- | ||||
| Yearended | Yearended | ||||
| 31 Mar2023 | 3lMar2022 | ||||
| f | r. | ||||
| Donation oflapelpoppies | 14,322 | 31,222 | |||
| Freeoffice accommodationandservices | 46,024 | 45,437 | |||
| 60,346 | 76,659 |
| wing charitieshave madedonationstocontributeto | theLeague'sadministrationcosts:- | theLeague'sadministrationcosts:- |
|---|---|---|
| YearendedYearended | ||
| 31Mar2023SLMa¡2O22 | ||
| r.E | ||
| RoyalAirForceBenevolentFund | 6,tg! | 19,2L4 |
| Royal NavyBenevolentTrust | 5,156 | 3,557 |
| ABFTheSoldiers'Charity | 20,000 | 20,000 |
| TheOfficers'Association | Z,B7S | 20,000 |
| 34,222 | 6'J.,771 |
lncomefrominvestments |
||||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Yearended | |
| funds | funds | funds | 31Mar2023 | |
| Total funds | ||||
| f | f | f | f | |
| Dividend income | L6,541 | 16,541 | ||
| lnterestonfixed deposit | 4,203 | 4,203 | ||
| Otherbankdepositinterest | 2,365 | 62 | 'J,,759 | 4,786 |
| 23,r09 | 62 | 1.,759 | 24,930 | |
| Unrestricted | Designated | Restricted | Year ended | |
| funds | funds | funds | 3tMa¡2O22 | |
| Total funds | ||||
| f | f | r. | f | |
| Dividend income | 75,799 | 15,799 | ||
| lnterestonfixed deposit | 427 | 427 | ||
| Otherbankdepositinterest | 18 | 4 | 32 | 54 |
| 'J.6,244 | 4 | 32 | 16,280 |
| Notestothefinancialstatements Forthe year ended31March2023 5 Fundraising costs |
||
|---|---|---|
| Yearended | Yearended | |
| 31Mar2023 | 3LMa¡2022 | |
| c. | f | |
| Directfundraisingcosts | 21.6 | 6,r72 |
| Supportcosts(seenote8) | 51,992 | 41,225 |
| 52,098 | 47,397 |
| Allamounts relatetounrestricted funds in bothyears 6 RCELwelfare grants |
52,098 | 47,397 | ||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Yearended | |
| funds | funds | funds | 31Mar | |
| 2023 | ||||
| Total funds | ||||
| f | f | î | f | |
| Fundsadministeredand disbursedon behalf ofother | ||||
| charities | 464,783 | 464,783 | ||
| GrantstoMemberOrganisations | 437,208 | 33,!4t | 470,349 | |
| Project grants | 2,422 | 2,422 | ||
| Welfaretourcosts | 21,339 | 2'J.,339 | ||
| Supportcosts(seenote8) | t67,208 | L02,66L | 269,869 | |
| 625,7541,02,661,500,346r,229,76L | ||||
| Unrestricted | Desígnated | Restricted | Yearended | |
| funds | funds | funds | 31Mar | |
| 2022 | ||||
| Total funds | ||||
| f | € | r | f | |
| Fundsadministeredand disbursedon behalf of other | ||||
| charities | 558,881 | 558,991 | ||
| GrantstoMemberOrganisations | 492,249 | 44,630 | 536,878 | |
| Project grants | 9,440 | 9,440 | ||
| Welfaretourcosts | 3,795 | 3,795 | ||
| Supportcosts | t75,r54 | 17,804 | ro7 | 193,065 |
| 680,637 | t7,804 | 603,619 | 1_,302,059 |
| Notestothefinancialstatements orthe year ended31March2023 Welfare(continued) henumberofindividualcasesassistedduringtheperiodwasasfollows:- |
|||
|---|---|---|---|
| 2021 | 2022 | ||
| Number | Number | ||
| Fromthe Charity's ownfunds | 4,71"4 | 4,590 | |
| Fundsadministeredand disbursedonbehalfof other charities(Agency | 544 | 705 | |
| work) | |||
| 4,658 | 5,285 | ||
| : | : |
| FCDO | |||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Yearended | Year ended | |
| funds | funds | funds | 31Mar | 31Mar | |
| 2023 | 2022 | ||||
| Totalfunds | Total funds | ||||
| f | f | E | f | f | |
| lncome | |||||
| FCDOincome-welfare | 2,26g,ggg | 2,268,899 | 2,578,41.5 | ||
| FCDOincome-operational | 283,499 | 283,499 | 265,295 | ||
| 2,552,398 | 2,552,3982,843,710 | ||||
| Expenditure | |||||
| FCDOwelfare grants | 2,L55,'J.61 | 2,!55,r6t | 2,492,888 | ||
| FCDOothercosts | 386,783 | 386,783 | 366,492 | ||
| 2,54I,9442,541,944 | 2,859,380 |
| Yearended | Yearended | ||||
|---|---|---|---|---|---|
| 31Mar2023 | 3tMar2O22 | ||||
| Welfare | FCDOothercosts | Fundraising | Totalfunds | Total funds | |
| f | r. | f | f | f | |
| Staff costs (seenote9) | 126,403 | 292,499 | 20,539 | 439,440 | 427,926 |
| Conferences&meetings | 94,O75 | 30,875 | L2,828 | L37,778 | 46,184 |
| Officeaccommodation &services | 23,786 | 13,51-9 | 9,26r | 46,566 | 46,971 |
| Travel&subsistence costs | 1,o57 | 27,909 | 56 | 29,02t | t8,717 |
| Othercosts | 5,873 | L,9L2 | 7,795 | 15,634 | |
| Legalcosts | 7,618 | (1,350) | 3,752 | !0,o20 | 9,937 |
| Auditor's remuneration | |||||
| - Audit |
3,169 | 4,770 | 1,56t | 9,500 | 9,744 |
| - Otherservices |
3,867 | L5,249 | 1,905 | 2t,o2l | 20,874 |
| Annual report | 4,021 | L,4O1. | 1,981 | 7,403 | 4,795 |
| Total(seenotes5and6) | 269,869 | 386,783 | 51,882 | 708,534 | 600,782 |
Staff costs |
||
|---|---|---|
| Yearended | Yearended | |
| 31Mar2023 | 3LMar2O22 | |
| Totalfunds | Total funds | |
| Ê | f | |
| Wages and salaries | 303,390 | 298,908 |
| Socialsecuritycosts | 33,805 | 30,877 |
| Pension costs (seenote11) | 29,0r9 | 28,908 |
| Staff insuranceand healthcare | 13,943 | 11,198 |
| Overseasprojectofficers(contractstaff) | s9,283 | 58,035 |
| Staffcosts | 439,440 | 427,926 |
| 28,908). 12 lntangible fixedassets |
|
|---|---|
| Website | |
| f | |
| Cost | |
| Balanceat1April 2022and31March2023 | 2,063 |
| Depreciation | |
| BalanceatlApril 2022and31March2023 | 2,063 |
| Net book value | |
| At31March2023 |
| Notestothefinancialstatements Forthe year ended31March2023 3 lnvestments |
||
|---|---|---|
| 2023 | 2022 | |
| f | f | |
| At1January | 1,550,199 | 1,660,943 |
| Additions | 20,964 | 16,398 |
| Disposals | (175,000) | (200,000) |
| Realisedandunrealised gainsonportfolio | (22,9321 | 72,858 |
| Marketvalueat31March | 1,373,L3r | 1.,550,199 |
| Historical cost | 486,596 | 640,732 |
| L4 Debtors |
||
|---|---|---|
| 2023 | 2022 | |
| f | f | |
| Accruedinterest | 83s | |
| Prepayments | 9,573 | 13,193 |
| Other debtors | 3,830 | |
| L3,403 | t4,o28 |
| 5 Creditors: amountsfallingduewithinoneye |
ar | |
|---|---|---|
| 2023 | 2022 | |
| f | f | |
| Taxationand socialsecurity | 10,294 | 9,310 |
| Accruals | 23,t29 | 42,869 |
| Deferred income | L5,000 | 15,000 |
| Other creditors | 1,,838 | 2,4t5 |
| 50,26L | 69,593 |
| 6 Unrestricted funds |
||||||
|---|---|---|---|---|---|---|
| AtlApril2022 | lncome | Expenditure | Gainson | Transfer | At31Mar2023 | |
| investments | between funds | |||||
| f | f | f | f | f | € | |
| Accumulated fund | 1-,717,506 | 709,9s9 | (6s428s | (22,s32) | L,712,244 | |
| At1Jan 2021 | lncome | Expenditure | Gainson | Transfer | At31Mar2022 | |
| ¡nvestments | between funds | |||||
| € | € | E | f | f | f | |
| Accumulated fund | t,764,46t | 680,526 | (763,339) | 72,959 | (37,000) | 1,,777,506 |
| Fortheyearended3lMa 7 Designatedfunds |
rch2023 | ||||
|---|---|---|---|---|---|
| AtLApr 2O22 | lncome | Expenditure | Transfer | At31Mar2023 | |
| between funds | |||||
| f | € | f | € | f | |
| ConferenceFund | 135,937 | (1o2,667) | 33,726 | ||
| StaffContingencyFund | 2,73t | 62 | 2,793 | ||
| Total | 138,668 | 62 | (102,661) | 36,069 | |
| AtIApr2021 | Income | Expenditure | Transfer | At31Mar2022 | |
| between funds | |||||
| ConferenceFund | 98,937 | 37,000 | 135,937 | ||
| Staff ContingencyFund | 20,s31 | 4 | (77,8O4) | 2,73r | |
| Total | ttg,468 | 4 | (L7,8041 | 37,000 | 138,668 |
| Restricted funds | ||||
|---|---|---|---|---|
| At1Apr | lncome | Expenditure | At31Mar | |
| 2022 | 2023 | |||
| f | f | r | f | |
| FCDO | (8,908) | 2,552,398 | (2,54L,944) | 1,546 |
| The Askari Appeal | 54,778 | 3,415 | 58,193 | |
| PrincePhilipLodgeFund | 163 | 163 | ||
| AuchinleckAppeal | 2t,771 | 5,392 | 000 5, |
22,763 |
| Legacy:lndian ArmyAssociation | 31,031 | 31,031 | ||
| TRBLWomen'sSection | Lt,788 | (44s) | 11.,339 | |
| QueenMary'sRoehamptonTrust | 20,000 | (20,000) | ||
| AfricanVeterans | 2,422 | (2,422) | ||
| MStJWay CharitableTrust | 30,000 | 30,000 | ||
| Fundsadministered on behalf ofother | ||||
| charities(agencywork) | 10,495 | 465,098 | (464,783) | 10,810 |
| Other restrictedgrants | 7,69L | (7,6et) | ||
| t23,540 | 3,og3,g94 | ,ry, | L65,245 | |
| At1Apr | lncome | Expenditure | At31Mar | |
| 202L | 2022 | |||
| f | f | f | € | |
| FCDO | 6,762 | 2,843,7tO | (2,859,380) | (8,908) |
| The Askari Appeal | 53,443 | 2,463 | (1,t28) | 54,778 |
| PrincePhilipLodgeFund | 163 | 163 | ||
| AuchinleckAppeal | 2L,6t5 | 209 | (s3) | 2L,771. |
| Legacy:lndian ArmyAssociation | 31,031 | 31,031 | ||
| TRBLWomen'sSection | 17,500 | (5,712',) | L1.,788 | |
| QueenMary's RoehamptonTrust | 20,000 | (20,000) | ||
| African Veterans | 4,3r2 | (l-,890) | 2,422 | |
| MStJWayCharitable Trust | 4,000 | (4,000) | ||
| Fundsadministered on behalf of other | ||||
| charities(agencywork) | 1.1.,7'J.4 | 557,662 | (558,881) | 10,495 |
| Other restrictedgrants | tt,954 | (11,954) | ||
| L46,54O | 3,439,998 | (3,462,9981 | t23,54O |
| Unrestricted | Designated | Restricted | Restricted | Totalfunds | |
|---|---|---|---|---|---|
| funds | funds | funds | 2023 | ||
| f | f | r | f | ||
| lntangibleassets | |||||
| lnvestments | t,373,r3L | 7,373,t31 | |||
| Currentassets | 389,374 | 36,069 | 1.65,245 | 590,698 | |
| Current liabilities | (50,261) | (50,261) | |||
| L,7t2,244 | 36,069 | L65,245 |
1,913,558 |
||
| Unrestricted | Designated | Restricted | Total funds | ||
| funds | funds | funds | 2022 | ||
| r. | f | f | f | ||
| lntangibleassets | |||||
| lnvestments | 1,550,199 | 1,550,199 | |||
| Currentassets | 236,900 | 138,668 | 123,540 | 499,108 | |
| Current liabllltles | (69,593) | (69,593) | |||
| 1,7L7,506 | 138,668 | L23,54O | L,g7g,7L4 |
| 31Mar2023 | StMar2O22 | ||
|---|---|---|---|
| Total funds | Total funds | ||
| r | f | ||
| The RoyalBritishLegion | annualdonatíon | 240,O00 | 240,OOO |
| The RoyalBritishLegion | (seenote4a) | 60,346 | ,r* |