2020-12-31-accounts - Intelligence Corps Association

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		Page
Report of the Trustees	1	to	7
Independent Examiner's Report
Statenfant of Financial Activities
Balance Sheet		10
Cash Ffow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statements	13	to	22
Detailed Statement ofFinancial Activities	23	to	24

					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes	E	E		f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	252,408	162,103	414,511	773,499
Other trading activities Investment income Other income			21,607 23,129 1,514	39,089	2L607 62,218 1,514	29,222 53,830 4,431
			298,658	201,192	499,850	860,982
EXPENDITURE OIY
Raising funds			21,801	6,133	27,934	27,385
Charitable activities
Relief of hardship and other disadvantages General charitable purposes Commemoration and remembrance Promotion ofthe well-being and efficiency of			134,060 259	68,895 43,425 3,831	68,895 177,485 4,090	74,387 152,290 42,770
her majesty's army			83,022		83,029	136,430
Total			239,142	122,291	36L433	433,762
Net gains/(losses) on investments			~113,694)	(193,587)	(307,281)	273,989
NET INCOAIIE/(EXPENDITURE)			(54,178)	(114,686)	(168,864)	701,709
RECONQLIATION OF FUNDS
Total funds brought forward			895,945	1,807,730	2,703,675	2,001,966
TOTAL FUNDS CARRIED FORWARD			841,767	1,693,044	2,534,811	2,703,675

					2020	2019
			Unrestncted	Restricted	Total	Total
FIXEDASSETS		Notes	funds f	fund f	funds f	funds f
Tangible assets Heritage assets Investirients		12 13 14	554 24,000 662,072	1,527,310	554 24,000 2,189,382	976 24,000 2,066,099
			686,626	1,527.310	2,213,936	2,091,075
CURRENT ASSiETS
stacks Debtors Cash at bank and	m hand	15 16	45,029 2,328 114,243	165,734	45,029 2,328 279,977	52,066 151,991 417,000
			161,600	165,734	327,334	621,057
CREDITORS
Amounts falling due within one year		17	(6,459(		(6,459)	(8,457)
NET CURRENT ASSETS			155,141	165,734	320,875	612,600
TOTAL ASSET5 LESSCURRENT LIABILITIES			841,767	1,693,044	2,534,811	2,703,675
NET ASSETS			841,767	1,693,044	2,534,811	2,703,675
FUNDS		18
Unrestricted funds Restricted funds					841,767 1,693,044	895,945 1,807,730
TOTAL FUNDS					2,534,811	2,703,675

			2020	2019
		Notes	f	f
Cash flows from operating activities
Cash generated from operat&ons			231,323	236,535
hlet cash prowded by operating actwities			231,323	236,535
Cash flows fram investing activities
Purchase oftangible fixed assets Movement in fund managers cash balance Cash tr'ansferred ta fund managers Interest received Dividerlds received			(30,564) (400,000) 174 62,044	(529) 1,295 411 53,419
Net cash (used in)/provided by investing		activities	(368,346)	54,596
Change in cash and cash equivalents	In the
re parting period Cash and cash equivalents at the beginning			(137,023)	291,131
ofthe reporting periad			417,000	125,869
Cash and cash equivalents at the end	of
the reporting pe~iud			279,977	417,000

RECONCILIATION OF NET (EXPENDITURE)/INCOME	RECONCILIATION OF NET (EXPENDITURE)/INCOME	TO NET CASH FLOW	FROM OPERATING
ACTIVlhES
			2020	2019
			6	E
Net (expenditure)/income for the reporting Statement of Financial Activities) Adjustments for:	period	(as per the	(168,864)	701,709
Depreciation charges Lasses/(gain) on investments Interest received Dividends received Decrease in stocks Decrease/(in«rease) in debtors (Decrease)/increase in creditors			422 307,281 (174) (62,044) 7,037 149,663 (1.998)	913 (273,989) (411) (53,419) 8,419 (149,339) 2,652
Net cash provided by operations			231,323	236,535

	At 1.1.20	Cash flow	At31.1220
Slat cash	f	E	E
Cash at bank and in hand	417,000	(137.023)	279,977
	417,0DD	(137,023)	279,977
Total	417,000	(137,023)	279,977

		2020	2019
Donations One days Regional Intangible Intangible	pay income income - wages and salaries income - rent, heat and light	E 79.029 258,233 499 75,000 1,750	E 454,416 248,211 4,027 65,095 1,750
		414,511	773,499
OTHER TRADING ACTIVITIES
		2020	2019
Shop income		E 21,607	E 29,222

4.	INVESTMENT INCOME	INVESTMENT INCOME
								2020	2019
								6	E
	Dividends Deposit account	interest						62,044 174	53,419 411
								62,218	53,830
S.	RAISING FUNDS
	Other trading activities
	Purchases Closing stack							2020f 63,150 (45,029)	2019 6 78,070 (52,066)
								18,121	26,004
	Investment management			costs
								2020	2019
	Portfolio management							f 9,813	6 1,381
	Aggregate amounts							27,934	27,385
.	CHARITABLE ACTIVITIES		COSTS
						Grant
						funding	of
						activities		Support
					Direct	(see note		costs (see
					Costs 6	7)f		note 8)	Totals
	Relief of hardship	and other
	disadvantages General charitable Commemoration Promotion ofthe	purposes and remembrance well-being and			136,341 4,090	68,895 11,546		29,598	68,895 177,485 4,090
	efficiency ofher majesty's		army		13,488	69,541			83,029
					153,919	149,982		29,598	333,499

				2020	2019
Relief of hardship General charitable Promotion ofthe	and other purposes well-being	disadvantages and efficiency of her majesty's	army	f 68,895 11,546 69,541	f 74,387 10,891 117,342
				149,982	202,620

5UPPORT COSTS
		Infarmation	Governance
		technology	casts	Totals
General charitable	purposes	E 20,458	f 9,140,	f 29,598

				2020	2019
Wages and	salaries			f 75,000	f. 65,095
				75,000	65,095
The average	monthly	number ofemployees	during the year was as follows:
hsanagement	and administration			2020 3	2019 3

CDMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	CDMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	fund	funds
INCOME AND ENDOWMENTS	FROM	f	f	f
Donations and legacies		249,756	523,743	773,499
Other trading actiwties Investment income Otherincorne		29,222 35,740 4,431	18,090	29,222 53,830 4,431
Total		319,149	541,833	860,982
EXPENDITURE ON
Raising funds		26,564	821	27,385
Charitable activities
Relief of hardship and ether disadvantages General charitable purposes Commemoration and remembrance Promotion ofthe well-being and efficiency of		138,954 13,895	74,387 13,336 28,875	74,387 152,290 42,770
her majesty's army		136,407	23	136,430
Total		315,820	117,442	433,262
Net gains on investments		84,159	189,830	273.989
NET INCOME		87,488	614,221	701,709
RECONCILIATION OF FUNDS
Tatel funds brought fonvard		808.457	1,193,509	2,001,966
TDTAL FUNDS CARRIED FORWARD		895,945	1,B07,730	2,703,675

12.	TANGIBLE FIXEDASSETS
				Plant and
				machinery
				E
	COST
	At 1January 2020 and 31DeCember 2020			2,670
	DEPRECIATION
	At 1January 2020 Charge for year			1,694 422
	At31December 2020			2,116
	NET BOOK VALUE
	At 31December 2020			554
	At 31December 2019			976
13.	HERITAGE ASSETS
				Total
	MARKET VALUE			f
	At 1January 2020and 31	December 2020		24,000
	NET BOOK VALUE
	At 31Eiecember 2020			24,000
	At 31December 2019			24,000
14.	NXED ASSET INVESTME'NT5
				Listed
				investments
				f
	MARKET VALUE
	At 1January 2020 Additions Disnosals Net gains/(losses) Invested cash movements			2,066,099 1,882,995 (2,081,181) 256,112 65,357
	At 31December 2020			2,189,382
	NET BOOK VALUE
	At 31December 2020			2,189,382
	At 31December 2019			2,066,099
	There were no Investment	assets outside the	UK.
			Page 18	continued. ..

egac	. e u	ns are held within the charitys restri	cted benevolent fu	nd shown in no	te 18.
STOCKS
				2020	2019
Stocks				E 45,029	6 52,066
DEBTORS:AMOUNTS		FALLING DUE Wit Hua ONE YEAR
				2020	2019
Trade debtors Other debtors				2,328	f 1,991 150,000
				2,328	151,991
CREDITORS:	AMOUhlTS	FALLING DUE WITHlal ONE YEAR
				2020	2019
Trade creditors Other creditors				6 3,628 2,831	6,193 2,264
				6,459	8,457
MOVEMENT	IN FUNDS
				Net
				movement	At
			At 1.1.20	in funds	3112.20
Unrestricted	funds			E	6
General fund Trading fund Prite fund			811,586 79,344 5,015	(55,558) 2,070 (690)	756,028 81,414 4,325
Restricted funds			895,945	(54,178)	841,767
Benevolence fund			1,807,730	(114,686)	1,693,044
TOTAL FUNDS			2,703,675	(168,864)	2,534,811

		Incoming	Resources	Gains and	Movement
Unrestricted	funds	resources f	expended 6	losses f	in funds E
Genera! fund Trading fund Prize fund		275,619 22,979 60	(217,483) (20,909) (750)	(113,694)	(55,558) 2,070 (690)
Restricted funds		298,658	(239,142)	(113,694)	(54,178)
Benevolence	fund	201,192	(122,291)	(193,587)	(114,686)
TOTALFUNDS		499,850	(361,433)	(307,281)	(168,864)

			Net	Transfers
			movement	between	At
		At 1.1.19	in funds	funds	31.12.19
Unrestricted	funds	f	E	f	f
General fund Trading fund Prize fund		730,646 .77,811	86,185 1,533 (230)	(5,245) 5,245	811,586 79,344 5,015
Restricted funds		808,457	87,4&8		895,945
Benevolence	fund	1,193,509	614,221		1,807,730
TOTAt. FUNDS		2 DD1 966	701709		2,7D3,675

		Incommg	Resources	Gains and	Movement
Unrestricted	funds	resources f	expended f	losses f	in funds f
General fund Trading fund Pnze fund		288,916 30,213 20	(286,890) (28,680) (250)	84,159	86,185 1,533 (230)
Restricted funds		319,149	(315,820)	84,159	87,488
Benevolence	fund	541,833	(117,442)	189,830	614,221
TOTAL FUNDS		860 982	(433262)	273989	701709

			Net	Transfers
			movement	between	At
Unrestricted	funds	At 1.119 f	m funds	funds f	31.12.20 f
General fund Trading fund Prise fund		730,646 77,811	30,627 3,603 (920)	(5,245) 5,245	756,028 81,414 4,325
Restricted funds		808,457	33,310		841,767
Benevolence	fund	1,193,509	499,535		1,693,044
TOTAL FUNDS		2,001.966	532,845		2,534.811

		Incoming	Resources	Gams and	Movement
Unrestricted	funds	resources f	expended f '	losses f	in funds f
Generalfund Tradmg fund Prize fund		564,535 53,192 80	(504,373) (49,589) (1,0DO)	(29,535)	3D,627 3,6D3 (920)
Restricted funds		617,807	(554,962)	(29,535)	33,310
Benevolence	fund	743,025	(239,733)	(3,757)	499,535
'TOTAL FUNDS		1,360,832	(794,695)	(33,292)	532,845
Unrestricted	funds

			2020f	2019 f
INCOME AND ENDOWMENTS
Donations and legacies
fionations			79,029	454,416
one days pay			258,233	248,211
Regional income Intangible income - wages and salaries Intangible income - rent. heat and light			499 75,000 1,750	4,027 65,095 1,750
			414,511	773,499
Other trading activities
Shop income			21,607	29,222
Investment Income
Dividends			62,044	53,419
Deposit account interest			174	411
			62,218	53,830
Ocher income
Postage and packing Other income			1,444 70	996 45
corps day				3.390
			1,514	4,431
Total incoming resources			499,850	860,982
EXPENOITLIRE
Other trading activities
Purchases Profit share to Military Intelligence Closing stock		Museum	61,080 2,070 l45.029i	76,537 1.533 (52,066i
			18,121	26,004
Investment management	costs
Portfolio management			9,813	1,381
Charitable activities
Wages Carried forward			75,000 75,000	65,095 65,095

		2020	2019
		E	E
Charitable activities
Brought forward		75,000	65,095
Insurance		924	844
Postage and stationery		4,824	1,714
Advertising			750
Sundnes		231	423
Regional expenses		7,155	13,919
Staff costs		1,656	1,157
Integigencer prize	costs	250	250
ICAREC costs		144	2,958
Parritt prize costs		250	250
Journal costs		16,289	15,850
Functidns		12,378	48,934
Presentations		987	97
Other property expenses		2,295	2.272
Funeralcosts		975	2,521
Memorials		2,597	12,460
Donatibns		9,250	100
Welfare travel		40	298
80th Anniversary		17,720
Bank charges		532	986
Plant and machinery		422	913
Grants		149,982	202,620
		303,901	374,411
Support costs
Information technology
Webshe costs (inc SCRM)		20,458	8,022
Governance costs
Independent examiner's		1,620	1,800
IE non-IE work		5,188	4,944
Professions I fees		360	9,240
Corpz governance		1,972	7,460
		9,140	23,444
Total resources expended		361,433	433,262
Net Income before gains and losses		138,417	427,720
Realised recognised gains and losses
Net gains/(losses)	on investments	(307,281)	273,989
Net (expenditure)/income		(168,864)	701,709