| Page | |||||
|---|---|---|---|---|---|
| Report ofthe | Trustees | 1 | Io | 4 | |
| Independent | Examiner's | Report | |||
| Statement of | Financial Activities | ||||
| Balance Sheet | |||||
| Notes to the | Financial Statements | 8 | to | 17 |
| F | OR THE | YEAR ENDED 31 DEC | EMBER 2021 | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Total | ||||
| INCOME AND ENDOWMENTS | FROM | Notes | funds 8 |
fundsf | |
| Donations and legacies |
12,018 | 19,410 | |||
| Investment income |
220,368 | 200,165 | |||
| Total | 232,386 | 219,575 | |||
| EXPENDITURE ON | |||||
| Raising funds | 9,708 | 26,120 | |||
| Charitable activities |
|||||
| Grantmaking | 295,674 | 69,653 | |||
| Total | 305,382 | 95,773 | |||
| Net gains/(losses) on |
investments | 164,167 | (224,448) | ||
| NET INCOME/(EXPENDITURE) | 91,171 | (100,646) | |||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought | forward | 5,006,261 | 5,106,907 | ||
| TOTAL FUNDS CARRIED FORWARD | 5,097,432 | 5,006,261 |
| BALANCE SHEET 31 DECEMBER 2021 |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| Total | Total | ||
| funds | funds | ||
| Notes | 6 | ||
| FIXEDASSETS | |||
| Tangible assets | 10 | 1,298 | 1,845 |
| Heritage assets | 11 | 76,183 | 75,315 |
| Investments | |||
| Investments Investment property |
12 13 |
3,217,188 1,709,000 |
3,034,053 1,320,000 |
| 5,003,669 | 4,431,213 | ||
| CURRENT ASSETS | |||
| Debtors | 14 | 5,717 | 11,593 |
| Cash at bank | 276,440 | 591,003 | |
| 282,157 | 602,596 | ||
| CREDITORS | |||
| Amounts falling due within one year |
15 | (188,394) | (27,548) |
| NET CURRENT ASSETS | 93,763 | 575,048 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 5,097,432 | 5,006,261 | |
| NET ASSETS | 5,097,432 | 5,006,261 | |
| FUNDS | 16 | ||
| Unrestricted funds |
5,097,432 | 5,006,261 | |
| TOTAL FUNDS | 5,097,432 | 5,006,261 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 2021 | 2020 | |
| Donation by Hants IOW Territorial Trust |
6 12,018 |
19,410 |
| INVESTMENT INCOME | ||
| 2021 | 2020 | |
| Rents received Dividends from equities Interest from cash deposits |
6 95,593 123,957 818 |
6 85,470 112,963 1,732 |
| 220,368 | 200,165 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Commission and management fees Investment advice Properly repairs and maintenance Insurance Sundry expenses Property management fees Depreciation |
6 1,000 (454) 434 1,025 951 6,205 547 |
6 2,453 14,866 4,715 2,163 1,372 551 |
||
| 9,708 | 26,120 |
| DIRECT COSTS OF CHARITABLE ACTIVITIES | ||
|---|---|---|
| Book project costs | 2021 6 6,000 |
2020 f |
| GRANTS PAYABLE | ||
| Grantmaking | 2021 f 251,743 |
2020 f 35,787 |
| The total grants paid to institutions during the year was as follows: |
||
| 2021 f |
2020 | |
| 4th Bn PWRR 457 (HY) Bty RA 679Duke ofConnaughts Sqn AAC 6th Battalion The Rifles 2Tp 579Field Sqn RE HMS King Alfred, Whale Island Hampshire and Isle ofWight ACF Berkshire Army Cadet Force Central District Sea Cadets Cowes Sea Cadets Crawley Sea & Marine Cadets Southampton Sea Cadets Salisbury Sea Cadets Hampshire and Isle ofWight ATC Headquarters Volunteer Cadet Corps Volunteer Cadet Corps Training Centre Royal Marines Volunteer Cadet Corps Portsmouth Sea Cadets Hampshire and Isle ofWight Wing ATC Farnham, Fleet and Aldershot Sea Cadets Maidenhead Sea Cadets Littlehampton, Arundel and District Sea Cadets Newbury Sea Cadets South Central Sea Cadets Petersfield School CCF John Madejski Academy Royal Wessex Yeomanry UTS Reading CCF ARK Charter Academy CCF Marine Society and Sea Cadets Brakenhale School CCF Claires Court School CCF 101 Engineer Regt Southampton UOTC |
601 7,376 7,479 4,680 2,500 31,495 1,400 4,500 1,500 5,000 2,000 2,500 3,863 8,000 7,350 1,736 3,011 500 1,576 9,016 6,480 5,000 5,000 1,250 980 |
2,000 600 (1,500) 3,000 8,500 1,700 3,800 5,000 1,100 3,707 2,880 5,000 |
| Andover College CCF Lord Wandsworth College Hampshire and Isle ofWight RAF HQ VCC |
2,950 6,000 100,000 18,000 |
|
| 251,743 | 35,787 |
| SUPPOR | T COSTS | |||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Grantmaking | Management 6 2,413 |
Finance 6 88 |
costs 6 35,430 |
Totals 6 37,931 |
||
| Support | costs, included | in the above, | are as follows: | |||
| Management | ||||||
| 2021 | 2020 | |||||
| Total | ||||||
| Grantmaking | activities | |||||
| Marketing Sundries ITsupport |
6 620 849 944 |
6 780 |
||||
| 2,413 | 780 | |||||
| Finance | ||||||
| 2021 | 2020 | |||||
| Total | ||||||
| Grantmaking | activities | |||||
| Bank charges | 6 88 |
6 33 |
||||
| Governance costs | ||||||
| 2021 | 2020 | |||||
| Total | ||||||
| Grantmaking | activities | |||||
| Accountancy Auditors' remuneration IE Fees Executive to the Trust's Trustees' expenses Professional fees |
fees | 6 750 866 2,240 26,056 2,679 2,839 |
F 750 4,630 25,608 1,565 500 |
|||
| 35,430 | 33,053 |
| TANGIBLE FIXEDASSET | S | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| and | |||||
| COST | fittings f |
||||
| At 1 January 2021 and | |||||
| 31 December 2021 | 7,119 | ||||
| DEPRECIATION | |||||
| At 1 January 2021 Charge for year |
5,274 547 |
||||
| At 31 December 2021 | |||||
| 5,821 | |||||
| NET BOOK VALUE | |||||
| At 31 December 2021 | 1,298 | ||||
| At 31 December 2020 | 1,845 | ||||
| HERITAGE ASSETS | |||||
| MARKET VALUE At 1 January Additions Revaluations |
2021 75,315 868 |
2020 55,905 19,410 |
2019 55,905 |
2018 59,605 |
2017 59,605 |
| At 31 December | 76 183 | 75315 | 55905 | (3,700) 55905 |
59605 |
| NET BOOK VALUE | |||||
| At 31 December | 76 183 | 75315 | 55905 | 55905 | 59605 |
| Listed | ||||
|---|---|---|---|---|
| investments | ||||
| IIIIARKET VALUE | ||||
| At 1 January 2021 Additions Disposals Revaluations |
3,034,053 239,313 (245,371) |
|||
| 188,626 | ||||
| Cash available to invest | 567 | |||
| At 31 December 2021 | 3,217,188 | |||
| NET BOOK VALUE | ||||
| At 31 December 2021 | 3,217,188 | |||
| At 31 December 2020 | 3,034,053 | |||
| Analysis ofinvestments | by type: | |||
| Equities Bonds Multi-Asset Funds Property Other Cash held within the investment |
portfolio | 2021 f 2,293,774 283,592 53,779 226,476 299,160 60,407 |
2020 8 1,942,901 261,813 87,229 418,446 245,725 77,939 |
|
| 3,217,188 | 3,034,053 | |||
| Analysis of investments |
between | those held within or outside the United Kingdom: | ||
| 2021 | 2020 | |||
| Within the United Kingdom Outside the United Kingdom |
1,024,434 2,192,754 |
1,269,601 1,764,452 |
||
| 3,217,188 | 3,034,053 |
| INVESTMENT PROPERTY | |
|---|---|
| FAIR VALUE | |
| At 1 January 2021 Additions Disposals Revaluation |
1,320,000 714,026 (295,000) |
| (30,026) | |
| At 31 December 2021 | 1,709,000 |
| NET BOOK VALUE | |
| At 31 December 2021 | 1,709,000 |
| At 31 December 2020 | 1,320,000 |
| DEBTORS:AM | OU | NTS F | AL | LING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Other debtors Accrued income Prepayments |
30 3,616 2,071 |
30 8,866 2,697 |
||||
| 5,717 | 11,593 | |||||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2021 | 2020 | |||||
| VAT | 6 | F | ||||
| Grants payable Deferred income (see below) Accrued expenses |
9,402 149,000 25,039 4,953 |
1,780 400 9,023 16,345 |
||||
| 188,394 | 27,548 | |||||
| Deferred income Brought forward Amount released Amount deferred |
to in |
incoming year |
resources | 2021 f 9,023 (9,023) 25,039 |
2020 9,859 (9,859) 9,023 |
|
| Carried forward | 25,039 | 9,023 | ||||
| MOVEMENT IN FUNDS |
||||||
| Net | ||||||
| movement | At | |||||
| Unrestricted funds |
At 1.1.21 | in funds f |
31.12.21 f |
|||
| General fund Repairs to Property Marketing Fund Book project |
Fund | 4,899,778 87,256 19,227 |
86,207 (434) (620) 6,018 |
4,985,985 86,822 18,607 6,018 |
||
| 5,006,261 | 91,171 | 5,097,432 | ||||
| TOTAL FUNDS | 5,006,261 | 91,171 | 5,097,432 |
| Net movement | in f | unds, in | clu | ded in the abov |
e are as follo | ws: | ||
|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||||
| Unrestricted funds |
resources 8 |
expended 6 |
losses f |
in funds 6 |
||||
| General fund Repairs to Property Marketing Fund Book project |
Fund | 220,368 12,018 |
(298,328) (434) (620) (6,000) |
164,167 | 86,207 (434) (620) 6,018 |
|||
| 232,386 | (305,382) | 164,167 | 91,171 | |||||
| TOTAL FUNDS | 232,386 | (305,382) | 164,167 | 91,171 | ||||
| Comparatives | for | movement | in funds | |||||
| Net | ||||||||
| movement | At | |||||||
| Unrestricted funds |
At 1.1.20 6 |
in funds f |
31.12.20 6 |
|||||
| General fund Repairs to 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 | |||||
| Comparative net |
movement | in | funds, included | in the above | are as follows: | |||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| Unrestricted funds |
F | 6 | 6 | |||||
| General fund Repairs to 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) |