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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe CIO, its Trustees|and advisers||
|Trustees'
report||||2-6|
|Independent
examiner's
report|||||
|Statement
of financial|activities||||
|Balance sheet|||||
|Notes to the financial|statements|||10-25|
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|Trustees||Lt Gen
I Cave CB, Chairman|Lt Gen
I Cave CB, Chairman|and Colonel of the Regiment|and Colonel of the Regiment|
|---|---|---|---|---|---|
|||Brig S Banton OBE, Deputy||Colonel Heritage||
|||Brig S Bell QVRM, Deputy Colonel RRCM (resigned|||19January 2022)|
|||Brig C Ginn|CBE, Deputy Colonel RRCM (appointed||19January 2022)|
|||Brig P Kimber OBE, Deputy||Colonel Finance||
|||Col A Walton MBE||||
|||Lt Col (Retd) M Jackson OBE||||
|||Lt Col (Retd) N Mackintosh||||
|||Lt Col D Canham
OBE, CO1 Mercian||||
|||Lt Col R Grover MBE, CO2||Mercian||
|||Lt Col R Spalton, CO4 Mercian||||
|||Mr M Elliott||||
|Charity registered||||||
|number||1177059||||
|Principal office||Regimental|Headquarters|||
|||The Mercian|Regiment|||
|||Whittington|Barracks|||
|||Lichfield||||
|||Staffordshire||||
|||WS149TJ||||
|Financial secretary||Mrs P Mear||||
|Accountants||Dains Audit|Limited|||
|||15Colmore|Row|||
|||Birmingham||||
|||B32BH||||
|Bankers||Lloyds Bank|pic|||
|||22 Conduit Street||||
|||Lichfield||||
|||WS136JS||||
|||CAF Bank||||
|||25 Kings
Hill|Avenue|||
|||West Mailing||||
|||ME194JQ||||
|||Royal Bank|of Scotland|||
|||200 Fowler Avenue||||
|||Farnborough||||
|||GU14 7JP||||
|Investment|Managers|Investec Wealth
and Investment||||
|||30 Gresham|Street|||
|||London||||
|||EC2V 7QN||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note|E|E|E|E|
|Income from:|||||||
|Donations
and legacies|||60,699|5,304|66,003|75,506|
|Other trading
activities:|||||||
|Fundraising|||9,278|7,743|17,021|13,250|
|Investments|||50,575|6,964|57,539|68,642|
|Total income|||120,552|20,011|140,563|157,398|
|Expenditure
on:|||||||
|Raising funds:|||||||
|Investment
management|||17,019|2,607|19,626|17,884|
|Fundraising
trading expenses|||35,800|4,301|40,101|46,066|
|Charitable
activities|||187,878|16,511|204,389|98,771|
|Total expenditure|||240,697|23,419|264,116|162,721|
|Net expenditure
before net gains on|||||||
|investments|||(120,145)|(3,408)|(123,553)|(5,323)|
|Net gains on investments|||126,993|18,961|145,954|498,584|
|Net income|||6,848|15,553|22,401|493,261|
|Transfers
between|funds|16|(3,500)|3,500|||
|Net movement
in|funds||3,348|19,053|22,401|493,261|
|Reconciliation
of|funds:||||||
|Total funds
brought|forward|16|2,700,566|423,399|3,123,965|2,630,704|
|Net movement
in funds|||3,348|19,053|22,401|493,261|
|Total funds carried forward||16|2,703,914|442,452|3,146,366|3,123,965|
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|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note|||||
|Fixed assets|||||||
|Tangible assets||12||10,667||14,173|
|investments||13||3,021,105||2,994,777|
|||||3,031,772||3,008,950|
|Current assets|||||||
|Debtors||14|21,493||32,287||
|Cash at bank and|in hand||210,604||105,657||
||||232,097||137,944||
|Creditors: amounts|falling due within one||||||
|year||15|(117,503)||(22,929)||
|Net current assets||||114,594||115,015|
|Total net assets||||3,146,366||3,123,965|
|Charityfunds|||||||
|Restricted funds||16||442,452||423,399|
|Unrestricted
funds||16||2,703,914||2,700,566|
|Total funds||||3,146,366||3,123,965|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2022|
|||F|F|F|
|Donations||353|5,304|5,657|
|Subscriptions|and legacies|10,570||10,570|
|Other voluntary|income|659||659|
|Day's Pay Scheme||49,117||49,117|
|Total 2022||60,699|5,304|66,003|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||F|E|F|
|Donations||4,507|11,009|15,516|
|Subscriptions|and legacies|10,206||10,206|
|Other voluntary|income|2,050||2,050|
|Day's Pay Scheme||47,734||47,734|
|Total 2021||64,497|11,009|75,506|
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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2022|
||E||F|
|Car park||3,009|3,009|
|Field and stable rental||2,164|2,164|
|Tower admission||1,790|1,790|
|Cafe income||780|780|
|Shop income|7,638||7,638|
|Other income|1,640||1,640|
|Total 2022|9,278|7,743|17,021|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
|||E|E|
|Car park||2,150|2,150|
|Field and stable rental||2,164|2,164|
|Tower admission||1,145|1,145|
|Cafe income||423|423|
|Shop income|6,613||6,613|
|Other income|755||755|
|Total 2021|7,368|5,882|13,250|
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022|2022|2022|
|||||E|E|F|
||Investment|income||50,566|6,963|57,529|
||Deposit account interest|||9|1|10|
||To ta I 2022|||50,575|6,964|57,539|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2021|2021|2021|
|||||F|F|E|
||Investment|income||58,496|10,117|68,613|
||Deposit account interest|||24|5|29|
||Total 2021|||58,520|10,122|68,642|
|6.|Expenditure|on raising|funds||||
||Investment|management|||||
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2022|2022|2022|
|||||E|F|E|
||Investment|management|fees|17,019|2,607|19,626|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2021|2021|2021|
||||||E||
||Investment|management|fees|15,536|2,348|17,884|
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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2022|
||E|E|E|
|Wages and salaries|21,764||21,764|
|Social security|1,783||1,783|
|Pension costs|465||465|
|Goods for resale|11,788||11,788|
|Crich site||4,301|4,301|
||35,800|4,301|40,101|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
||E|||
|Wages and salaries|21,999||21,999|
|Social security costs|1,824||1,824|
|Pension costs|473||473|
|Events|586||586|
|Goods for resale|9,955||9,955|
|Crich site||9,386|9,386|
|Equipment
and chattels|1,843||1,843|
||36,680|9,386|46,066|
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|||||Activities|Grant|Grant|||
|---|---|---|---|---|---|---|---|---|
|||||undertaken|funding|of|Support|Total|
|||||directly|activities||costs|funds|
|||||2022|2022||2022|2022|
|||||E||F|E|E|
|Furtherance|of the|charity's|objects|99,236|100,000||5,153|204,389|
||||||Activities||||
||||||undertaken||Support|Total|
||||||directly||costs|funds|
||||||2021||2021|2021|
|||||||E|E|E|
|Furtherance|ofthe|charity's|objects||93,438||5,333|98,771|
|Analysis of|direct|costs|||||||
||||||||Total|Total|
||||||||funds|funds|
||||||||2022|2021|
||||||||E|F|
|Staff costs|||||||18,090|17,228|
|Depreciation|||||||3,506|3,505|
|Marketing|||||||23,341|26,208|
|Heritage costs|||||||1,940||
|RMAS officer|||||||3,099|653|
|GIA for Worcester||Museum|||||20,000|20,000|
|Eagle journal|costs||||||7,792|8,173|
|RHQ costs|||||||2,022|506|
|Other direct|costs||||||19,446|17,165|
||||||||99,236|93,438|
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||Total|Total|
|---|---|---|
||funds|funds|
||2022|2021|
||F|F|
|Insurance|1,533|2,022|
|RHQ administration|281|481|
|Other support costs|879|530|
|Governance|2,460|2,300|
||5,153|5,333|
|8.|Analysis|of grants||||
|---|---|---|---|---|---|
||||Grants to|Total|Total|
||||Institutions|funds|funds|
||||2022|2022|2021|
||||E|E|F|
||Worcester|Museum|100,000|100,000||
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||||2022|2021|
|---|---|---|---|---|
||||F|E|
|Depreciation|of tangible|fixed assets|3,506|3,506|
|Pension
contributions|||779|765|
|Independent|examiner's|fee|2,460|2,300|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E||
|Wages and|salaries||||38,457|37,941|
|Social security costs|||||2,866|2,818|
|Pension costs|||||779|765|
||||||42,102|41,524|
|The average|number|of persons|employed|by the CIO during|the year was as follows:||
||||||2022|2021|
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|||Crockery||
|---|---|---|---|
||Equipment|and cutlery|Total|
||F|E||
|Cost||||
|At 1 April 2021|6,879|27,000|33,879|
|At 31 March 2022|6,879|27,000|33,879|
|Depreciation||||
|At 1 April 2021|806|18,900|19,706|
|Charge for the year|806|2,700|3,506|
|At 31 March 2022|1,612|21,600|23,212|
|Net book value||||
|At 31 March 2022|5,267|5,400|10,667|
|At 31 March 2021|6,073|8,100|14,173|
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|||Listed|
|---|---|---|
|||investments|
|||E|
|Market value|||
|At 1 April 2021||2,994,777|
|Additions||442,319|
|Disposals||(591,136)|
|Revaluations||101,127|
|Cash trading|movements|74,018|
|At 31 March|2022|3,021,105|
|Net book value|||
|At 31 March|2022|3,021,105|
|At 31 March|2021|2,994,777|
|Invest|ments
at market value comprise:|||
|---|---|---|---|
|||2022|2021|
|||F|E|
|Listed|investments|2,854,838|2,917,303|
|Cash|and cash equivalents|166,267|77,474|
|||3,021,105|2,994,777|
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|||2022|2021|
|---|---|---|---|
|||E|E|
|Trade debtors||17,949|22,737|
|Other debtors||42|444|
|Prepayments|and accrued income|3,502|9,106|
|||21,493|32,287|
##
|||2022|2021|
|---|---|---|---|
|||F||
|Trade creditors|||4|
|Accruals and deferred|income|117,503|22,925|
|||117,503|22,929|
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||Statemen|t|offunds - prior year|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Balance at|
|||||Balance at||||Gains/|31 March|
|||||1 April|2020|Income|Expenditure|(Losses)|2021|
||||||E|F|F|F|E|
||Unrestricted
funds|||||||||
||General|Funds||2,275,992||130,385|(129,709)|423,898|2,700,566|
||Restricted||funds|||||||
||Restricted||Funds - Crich|354,712||27,013|(33,012)|74,686|423,399|
||Total of|funds||2,630,704||157,398|(162,721)|498,584|3,123,965|
|17.|Analysis||of net assets between|funds||||||
||Analysis||of net assets between|funds|-current|year||||
|Analysis of net assets between
funds
-cur|rent year|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022|
||F|F|F|
|Tangible fixed assets|10,667||10,667|
|Fixed asset investments|2,604,649|416,456|3,021,105|
|Current assets|204,789|27,308|232,097|
|Creditors due within one year|(116,191)|(1,312)|(117,503)|
|Total|2,703,914|442,452|3,146,366|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|||F|f,|F|
|Tangible|fixed assets|14,173||14,173|
|Fixed asset investments||2,594,858|399,919|2,994,777|
|Current|assets|112,563|25,381|137,944|
|Creditors|due within one year|(21,028)|(1,901)|(22,929)|
|Total||2,700,566|423,399|3,123,965|
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