|||||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)| ##