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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|
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|||||||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|
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|||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|
##
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|||||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|
##
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##
|||||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|
##
|11.|CDMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|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|||||
##
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##
||||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|