||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|Io|4| |Report ofthe Independent|Auditors|5|Io|7| |Statement ofFinancial Activities||||| |Balance Sheet||||| |Notes tothe Financial Statements||10|io|19| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||F|ORTHE Y|EAR ENDED 31 DECEM|BER 2020|| |---|---|---|---|---|---| |||||2020|2019| |||||Unrestricted|Total| |||||funds|funds| ||||Notes|6|6| |INCOME AND ENDOWMENTS
Donations and legacies||FROM||19,410|| |Investment
income
Other income||||200,165|217,137
20,000| |Total||||219,575|237,137| |EXPENDITURE ON
Raising funds||||26,120|47,265| |Charitable
activities
Grantmaking||||69,653|150,601| |Total||||95,773|197,866| |Net gains/(losses)
on|investments|||(224,448)|356,616| |NET INCOMEI(EXPENDITURE)||||(100646)|395887| |RECONCILIATION
OF FUNDS|||||| |Total funds brought|forward|||5,106,907|4,711,020| |TOTAI. FUNDS CARRIED FORWARD||||5,006,261|5,106,907| ## ||BALANCE SHEET
31 DECEMBER2020||| |---|---|---|---| |||2020|2019| |||Total|Total| |||funds|funds| ||Notes||6| |FIXEDASSETS
Tangible assets
Heritage assets|9
10|1,845
75,315|2,396
55,905| |Investments
Investments
Investment
propeity|11
12|3,034,053
1,320,000|3,274,803
1,315,000| |||4,431,213|4,648, 'l04| |CURRFNTASSETS
Debtors
Cash at bank|13|11,593
591,003|7,340
489,887| |||602,596|497,227| |CREDITORS|||| |Amounts
falling due within one year|14|(27 548)|(38424)| |NET CURRENT ASSETS||575,048|458,803| |TOTAL ASSETSLESS CURRENT|||| |LIABILITIES||5,006,261|5,106,907| |NET ASSETS||5,006,261|5,106,907| |FUNDS|15||| |Llnrestricted
funds||5,006,261|5,106,907| |TOTAL FUNDS||5,006,261|5,106,907| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Investment
manaement
costs||| |---|---|---| |g
|2020
5|2019
f| |Commission
and management
fees
Investment
advice
Property
mpairs and maintenance
Insurance
Professional fees
Sundry expenses
Dilapidation
expenditure
Depreciation|2,453
14,866
4,715
2,163
1,372
551|8,524
14,809
5,067
1,412
12,585
1,814
2,500
554| ||26,120|47,265| ## ## ## |Grant|||| |---|---|---|---| |funding|of||| |activities||Support|| |(see note||costs (see|| |6)
5||note 7)
8|Totals| |35,787||33,866|69,653| |||2020|2019| ||||8| |||35,787|108,811| ## ## ## |GRANTS PAYABLE -continued||||| |---|---|---|---|---| |The total grants paid to institutions
dunng||the year was as follows:|2020|2019| ||||8|| |4th Bn PWRR
457 (HY) Bty RA
679 Duke ofConnaughts
Sqn AAC
295 (HY) Bty RA
MOD Leighton
House
6th BaNalion The Rifles
7th Battalion The Rifles
2 Tp 579 Field Sqn RE
Blighmont ARC
HMS King Alfred, Whale Island
Southampton
University
OTC
Hampshire
and Isle of Wight ACF
Berkshire Army Cadet Force
Dorset Army Cadet Force
Cadet Training Centre,
Frimley Park
Steyning
Army Cadet Force
Central
District Sea Cadets
Basingstoke Sea Cadets
Cowes Sea Cadets|||2,000
600
(1,500)
3,000
8,500
1,700|8,820
3,830
4,128
2,000
4,109
2,500
1,190
1,636
4,500
2,000
4,500
2,500
1,500
1,200
3,454
2,500| |Crawley Sea & Marine Cadets
Horsham Sea Cadets
Parkstone Sea Cadets|||3,800|5,000
4,000| |Southampton
Sea Cadets
Salisbury Sea Cadets
Staines snd Eghsrn Sea Cadets
Csnford School CCF
Pools High School CCF
Hampshire
and Isle ofWight ATC
3AEF, RAF
Fsmborough
Air Training Carps
Headquarters
Volunteer Cadet Corps
Volunteer Cadet Corps Training Centre
Royal Marines Volunteer
Cadet Corps
Hampshire
and IOW Lord Lieutenants|Fund||5,000
1,100
3,707
2,880
5,000|3,500
5,000
2,500
9,686
4,478
150
5,000
4,800
3,330
9,800
1,200| ||||35,787|108,811| ## ## |SUPPORT COSTS|SUPPORT COSTS|SUPPORT COSTS||||Governance|| |---|---|---|---|---|---|---|---| |||||Management|Finance|costs|Totals| ||||||F||| |Grantmaking||||780|33|33,053|33,866| |Support costs, included|||in the above,|are as follows:|||| |Management||||||2020|2019| ||||||||Total| |||||||Grantmaking|activities| ||||||||E| |ITsupport||||||780|5,410| |Finance||||||2020|2019| ||||||||Total| |||||||Grantmaking|activities| |||||||E|| |Bank charges||||||33|50| |Governance||costs||||2020|2019| ||||||||Total| |||||||Grantmaking|activities| |||||||E|E| |Auditors'
remuneration
Executive to the Trust's
Trustees' expenses
Professional fees|||fees|||5,380
25,608
1,565
500|6,403
27,760
1,180
987| |||||||33,053|36,330| ## ## ## ## ## ## |9|TANGIBLEFIXEDASSETS|| |---|---|---| |.||Fixtures| |||and| |||fittings| ||COST|| ||At 1 January 2020 and
31 December 2020|7,119| ||DEPRECIATION
At 1 January 2020
Charge foryear|4,723
551| ||At 31 December 2020|5,274| ||NET BOOKVALUE
At 31 December 2020|1,845| ||At 31 December 2019|2,396| |10.|HERITAGE ASSETS|Total| |||E| ||MARKET VALUE|| ||At 1 January 2020
Additions|55,905
19,410| ||At 31 December 2020|75,315| ||NET BOOK VALUE
At 31 December 2020|75,315| ||At 31 December 2019|55,905| ## ## |FIXEDASSET INVESTMENTS|| |---|---| ||Listed| ||investments| ||6| |MARKET VALUE
At 1 January 2020
Additions
Disposals
Revaluations|3,274,803
2,826,374
(2,837,676)
(229,448)| |At 31 December 2020|3,034,053| |NET BOOKVALUE
At 31 December 2020|3,034,053| |At 31 December 2019|3,274 803| ## |Analysis of investments|by type:|||| |---|---|---|---|---| ||||2020|2019| ||||F|E| |Equities
Bonds
Multi-Asset
Funds|||1,942,901
261,813
87,229|2,460,445
241,870
102,037| |Property
Other
Cash held within the investment||portfolio|418,446
245,725
77,939|252,208
205,525
12,718| ||||3,034,053|3,274,803| |Analysis ofinvestments|between|those held within or outside the United Kingdom:||| ||||2020|2019| ||||F|| |IIVithin the United
Kingdom
Outside the United
Kingdom|||1,269,601
1,764,452|2,300,522
974,281| ||||3,034,053|3,274,803| |INVESTMENTPROPERTY||||| |FAIR VALUE
At 1 January 2020
Revaluation||||1,315,000
5,000| |At 31 December 2020||||1,320,000| |NET BOOK VALUE
At 31 December 2020||||1,320,000| |At 31 December 2019||||1,315,000| ## ## |||FOR THE YEAR ENDED 31 DECEM|FOR THE YEAR ENDED 31 DECEM|FOR THE YEAR ENDED 31 DECEM|FOR THE YEAR ENDED 31 DECEM|FOR THE YEAR ENDED 31 DECEM|BER 2020||| |---|---|---|---|---|---|---|---|---|---| |DEBTORS:AMOUNTS||FALUNG DUE WITHIN ONE YEAR||||||2020
f|2019| |Other debtors
Accrued
income
Prepayments||||||||30
8,866
2,697|2,856
652
3,832| |||||||||11,593|7,340| |CREDITORS: AMOUNTS|||FALLING DUE|||WITHIN ONE YEAR||2020
f|2019| |VAT
Grants payable
Deferred income (see below)
Accrued expenses||||||||1,780
400
9,023
16,345|4,822
5,400
9,859
18,343| |||||||||27,548|38,424| |Deferred income||||||||2020
f|2019
f| |Brought forward
Amount released to
Amount deferred
in|incoming
year|||resources||||9,859
(9,859)
9,023|9,500
(9,500)
9,859| |Carried forward||||||||9,023|9,859| |MOVEMENT
IN FUNDS|||||||||| |||||||||Net|| |||||||||movement|At| ||||||||At 1.1.20
f|in funds|31.12,20
f| |Unrestricted
funds
General fund
Rspairsto Property
Marketing
Fund|Fund||||||5,019,692
67,788
19,427|(96,913)
(3,733)|4,922,779
64,055
19,427| ||||||||5,106,907|(100,646)|5,006,261| |TOTAL FUNDS|||||||5,106,907|(100,646)|5,006,261| |Net movement
in funds,||included|||in the above are as follows:||||| |||||||Incoming|Resources|Gains and|Movement| |||||||resources
E|expended
F|losses
E|in funds
f| |Unrestricted
funds
General fund
Repairsto Property|Fund|||||219,575|(92,040)
(3,733)|(224,448)|(96,913)
(3,733)| |||||||219,575|(95,773)|(224,448)|(100,646)| |TOTAL FUNDS||||||219,575|(95,773)|(224,448)|(100,646)| ## ## ## ## ## ## ## ## |Comparatives|for|moveme|nt
in fun|ds||||| |---|---|---|---|---|---|---|---|---| ||||||||Net|| ||||||||movement|At| |||||||At 1.1.19|in funds|31.12.19| |||||||9|5|| |Unrestricted
funds
General fund
Repairs to Properly
Marketing
Fund||Fund||||4,621,787
69,826
19,427|397,925
(2,038)|5,019,692
67,788
19,427| |||||||4,711,020|395887|5 106907| |TOTALFUNDS||||||4,711,020|395,887|5,106,907| |Comparative|net movement||in funds,|included|in the above|are as follows:||| ||||||Incoming|Resources|Gains and|Movement| ||||||resources|expended|losses|in funds| |Unrestricted|funds|||||||| |General fund|||||237,137|(195,828)|356,816|397,925| |Repairs lo Property||Fund||||(2,038)||(2,038)| ||||||237,137|(197,866)|356,616|395,887| |TOTAL FUNDS|||||237,137|(197,866)|356,816|395,887| ## ## ## ##