2021-03-31-accounts

f2,323	f2,540	F3,000	f6,000	f4,500	f8,657	f5,000	f9,118
6570	F5,920	f945	F7,148	f2,475	f12,952	f4,915	f4,915
f7,183	f8,658	f1,887	F15,701	f26,033	f37,783	f40,699	f41,608
f44,378	f45,700	F73,386	F69,968	f46,407	f61,039	f85,414

		F RT	HEY	REN D31S	T RCH20	21
				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds .	31stMarch	0th July 2010
						2021	to31stMarch
							2020
			Nots	K
Income and endowments		from:
Donations and legacies Charitable activities			2 3	270,592 14,463	116,341 (70)	386,933 14,393	179,912 19,748
Investments			4	196,508	28	196,536	94,207
Total income and	endowments			481,563	116,299	597,862	293,867
Expenditure on:
Raising funds Charitable ac0vities			6 7	38,955 415,189	0 80,604	38,955 495,793	18,710 261,203
Other			8	8,499	0	8,499	10,575
Total expenditure				462,643	80,604	543,247	290,488
Net gains/(losses) Investments	on		11	2,186,812	0	2,186,812	(1,365,288)
Net income/(expenditure)				5, 32		,4	765Fgi
Transfer between	funds
Net Incoming Resources before recognised gains and losses			other	2,205,732	35,695	2,241,427	(1,361,909)
Other Recognised	Gains	and Losses			0
Net Movement in	Funds			2,205,732	35,695	2,241,427	(1,361,909)
Reconciliation of	funds
Funds transferred from Army Air Corps Fund on 1st October 2019/ 8/fwd				9,199,343	267,423	9,466,766	10,828,675
Total funds carried forward				11,405,075	303,118	11,708,193	9,466,766

		NC	HEET	AT 1S	CH2 21
					31stMarch	31stMarch
					2021	2020
					8	8
Fixed Assets
Tangible lixed assets				10	0	0
investments				11	11,358,720	8,617,082
					11,358,720	8,617,082
Current Assets
Debtors				12	174,624	174,073
Gash at bank and in	hand			13.	217,039	715,093
					391,663	889,166
Llabililes
Creditors: Amounts	falling	due
within one	year			14	(42,190)	(39,482)
Net Current Assets					349,473	849,684	.
Total assets less current		liablll5es			fr,y08,183	8888788
The Funds ofthe charity
Restricted funds					303,118	267,423
Unrestricted funds
Designated				18	145,225	94,741
Other Charitable		Funds		18	11,259,850	9,104,602
Total charity funds					11,708,193	8,888.388

ST T INENTOF GAS F AS	T31 T RCH2021
	31stMarch	0th July
		201S
		to31stMarch
		2020
		R
Cash flows from operating activities Net incomel(expenditure) per SOFA	2,241,427	(1,361,909)
Adjustments for. Depreciation (Gains)ilosses on investments Dividends and interest from investments (Increase)/decrease in debtors in year Ifrom transfer Increasel(decrease) in creditors in year Ifrom transfer Net cash provided (used in) by operagng activities	0 (2,186,812) (196,536) (551) 2708 139,764	0 1,365,288 (94,207) 8,370 ~18282 97,740
Cash flows from investing activities Dividends and interest Irom investments Proceeds from the sale ofinveslmenis Purchase ofinvestments	196,536 1,267,918 ~1822144	94,207 790,723 ~MB ON
Net cash provided by (used in) investing acgvlties
Change In cash and cash equivalents in the year	(498,054)	201,092
Cash and cash equivalents brought forward Itransferred Fund on 1stOctober 2010	from Army Air Corps 715,093	514,001
Cash and cash equlvahrnts atthe end ofthe year	217,039	715,093
The notes on pages 44-55form part ofthese accounts

					Unrestricted	Restricted	31stMarch	Total
					Funds	Funds	2021	9th July 2019
								Total
								31stMarch
								2020
								E
2	Income	from donadons	and legacies
	Regimental subscriptions				167,665	110,626	278,291	136,180
	Association subscriptions				140	0	140	310
	Other subscriptions				0	715	715	1,520
	COIF Charity Fund				800	0	800	800
	Csllendar Chadtable Trust			.	2,500	0	2,500	0
	Donations - Legacies				39,902	0	39,902	4,980
	Donated	Services (Note 5)			58,490	0	58,490	28,670
	Other				1,095	5,000	6,095	7,452
					270,592	116,341	386,933	179,912
3	Income	fiom charitable	activiges
	Unused	IndMdual Benevolence Grants			2,418		2,418	720
	Refunds				12,045	-	12,045	4,553
	Contribution towards grants/payments				0	70	70	14,475
					14,463	(70)	14,393	19,74t
4	Income	from investments
	Income	from quoted investments			196,437	0	196,437	93,744
	Interest	on deposit accounts			71	28	99	463
					196,508	28	196,636	94,207

						AC	C F R
								Unrasblcted		Restrtcted	Total	Total
								Funds		Funds	31stMruvh	9th July 2019
											2021	to
												31stMarch
												2020
												8
6	Expenditure on Advertising	raising funds							85		85	800 . '
	Fund Manager Charges								38,870		00010	10110
										0	38,955	18,710
7	Expenditure on	charitable acdvtdes
	Grants to individuals		(2021:45;2020:24)									20,375
	Other grants
	-General Purpose		Fund grants		(2021:43;2020:32)				92,745	0	92,745	23,399
	-HQ OIBcers Mess grants (2021:43;2020:33) -AAC Assocta8on grants (2021:0;2020:1)								0 0	37,381 0	37,381 0	5,287 1~
	-HQ WOs &Sgts Mess grant			(2021:7;		2020:3)			0	8,500	8,500	5,000
	-AAC Sports grants (2021:1			rest, 20 unrest; 2020:0rest; 8unrest)					79,908	5,000		35,650
	-Sear (2021:1;2020:0)								5,000	0	5,000	0
									20,000	0		0
	Awards, Trophies	&Presentations							3,147	5,476	8,623	10,875
	SponsNship								83,537	400	83,937	83441
	Repairs to Serving Personnel			Facilibes					0	27,000	27,000	201
	Funcgons								519	(3,153)	(2,634)	44,871
	Memorials								1,999	0	1,999	0
	Heritage - history	book							10,490	0	10,490	1,638
	Salaries (note 5)								58,490	0	588490	28,670
	Printing, Postage	&	Stationery						495	0	495	988
								415,189		80,804	495,793	261,206
	Full delags cfthese		grants are	contained		within the Trustee's ReporL
	No remuneragon	or	reimbursed		costs were paid to Trustees during the			period.	The Army Air Corps Charily does not have any
	employees. The servhes ofthe				Corps Accountant,		orps Secretary, Assistant Corps Secretary and Welfare Asststanl are donated
	tothe charity by the		Ministry ofDefence			(note 5).
8	Other
	Audit								6,900		6,9OO	7,200
	Meeting Costs								85		85	379
	Sank Charges Database								463 1,051		483 1,051	0'
	Legal Fees for CIO		set up						0		0	2,708
									8,499	0	8,499	10,575

					~tI)				Total	Total	Total
									31st	9th duty	NN
									Msmh	to
									2021	31stMarsh
										NN
Coals dlnmgy
~Ncnrtsd toacdvtdes Fund Menegm Charges			Dkect Skeet	0 58,859	0 228,598	0 135	0 (279)	38,870 80	38,870 287.3N		18,110 90,941
OonaBons			Direct	20,000	0	0	0	0
Awmde, PnotdaNme Mamoriale	6 Tmphies		Direct Direct	2,537 0	B,ON 0	0 0	0 1,999	0 0	8,823 1,9N		10,875
			Dire@	0	83,937	0	0	0	N,NT		83,241
Rapsfm to Smving Penmnnal Funcsons fgetory Book prtnBng, postage 8tasormry Audit		FauTrhas	Dirad Diana Direct Otmrt Direct	0 0 0 495 0	27,000 (2,N4) 0 0 0	0 0 0 0 0	0 0 10,4N 0 0	0 0 0 0 B,WQ	27,000 (2,S34) 10,480 B,eoo		201 44,871 1,83$ 7,3lo
Sank Chwges legal Fees			Direct fyirect Dlnmt	483 0 0	0 0 0	0 0 0	0 0 0	0 0 1,061	0 1.061		290 2,7N
Surldrlas			Dimct	85	0	0	0	0			379
Cosh ppcrBonN to ec6vgkm
AdverBNN					21
Sskuies					14,822
				128,371	357.830	136	12,210	48,901	543,247

Fixed asset Investments
			2021
Quoted investment»
B/Fwd as at 1 April 2020			8,617,082
Less: Disposals at opening	book value 2021 proceeds:
f1,267,918;profit	f232,740
(2020proceeds: 6790,723;		loss: E4,748)	(1,035,178)
Add: Acquisitions at cost			1,822,744
Net unrealised investment	gains / (losses)		1,954,072
Market value at 31 March	2021		11,358,720
Historical cost at 31 March	21		10,550,697
Total profit / (losses) on investments		were 2021 E2,186,812,2020 (R1,365,288)

	Balance
	Bffwd				Balance
	31stMarch	Transfers	Movement ofResources		31stMarch
	2021		Incoming	Outgoing	2021
	6	B		8
Sports	4,581	0	5,000	(5,400)	4,181
HQ WOs' and Sgts' Mess	75,339	0	37,908	(10,735)	102,512
HQ Oificers' Mess	187,503	0	73,391	64,469	\98425
	267,423	0	116,299	(80,604)	303,118
	Transfened
	from Army
	Air Corps
	Fund on 1st				Balance
	October	Transfers	Movement ofResourc»s		31stMarch
	2019		Incoming	Outgoing	2020
	8		6	6	6
Sports	1,725	0	6,500	(3,644)	4,581
HQ WOs' and Sgts' Mess	76,649	0	19,760	(21,070)	75,339
HQ Oificers' Mess	172,422	0	51,309	' 36,228	187Na
	250,796	0	77,569	(60,942	267,423

					2021	2020f
Financial	assets measured at fair value through		profit	or loss	11,358,720	8,617,082
Rnancial	asseis that are debt instruments	measured		at amortised cost	391,683	889,186
					11,750,383	9,508448
Llebllftfse Financial	liabfii5es measured at amorfised	cost			~(42.(00	~(30,402

Financial liabIINes measured	at amortised cost	indudes accruals.
Items ofIncome, expense,	gains ortosses			iset gains/
			Income f	Ilosses) f
2021
Financial assets measured	at fair value through	profit or loss	198,437	2,186,812
Financial assets measunrd	at amortised cost		99
			196,536	2,188,812.
2020
Financial assets measured	at fair value through	prolit or loss	93.744	(1,385,288)
Financial assets measured	at amortised cost		483 01,202	~(,!80,2001