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|Page||
|---|---|
|1-38|Report ofthe Trustees|
|39-41|Report ofthe Auditors|
|42|Statement ofFinancial Activities|
||Balance Sheet|
||Statement ofCash Flows|
|45 - 56|Notes to the Accounts|
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|1975|1976|1977|1978|1979|1980|1981|1982|
|---|---|---|---|---|---|---|---|
|52,323|92,540|53,000|F6,000|F4,500|F8,657|F5,000|59,118|
|1983|1984|1985|1986|1987|1988|1989|1990|
|5570|65,920||F7,148|52,475|F12,952|64,915|84,915|
|1991|1992|1993|1994|1995|1996|1997|1998|
|57,183|58,688|F1,887|515,701|526,033|F37,783|640,699|641,608|
|1999|2000|2001|2002|2003|2004|2005||
|f44,378|F45,700|F73,386|f69,968|f46,407|661,039|F85,414||
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|||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Funds|Funds|31stMarch|31stMarch|
|||||2022|2021|
||Note|f||||
|Income and endowments
from:||||||
|Donations
and legacies|2|236,352|131,873|368,225|386,933|
|Charitable
activities|3|3,793|16,045|19,838|14,393|
|Investments|4|218,712|30|218,742|196,536|
|Total income and endowments||458,857|147,948|606,805|597,862|
|Expenditure
on:||||||
|Raising funds|6|43,545||43,545|38,955|
|Charitable
activities|7|499,138|148,077|647,215|495,793|
|Other|8|9,041|-|9,041|8,499|
|Total expenditure||551,724|148,077|699,801|543,247|
|Net gains/(losses)
on||||||
|investments|11|426,890||426,890|2,186,812|
|Net income/(expenditure)||334,0 3|129)|333, 94|~2,24,427|
|Transfer between funds||||||
|Net Incoming Resources before other||||||
|recognised
gains and losses||334,023|(129)|333,894|2,241,427|
|Other Recognised
Gains and Losses||||||
|Net Movement
in Funds||334,023|(129)|333,894|2,241,427|
|Reconciliation
offunds||||||
|Total funds brought forward||11,405,075|303,118|11,708,193|9,466,766|
|Total funds carried forward||11,739,098|302,989|12,042,087|11,708,193|
|The notes on pages 45 —56form part of|these|accounts||||
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|||||Note|31stMarch|31stMarch|
|---|---|---|---|---|---|---|
||||||2022f|2021
E|
|Fixed Assets|||||||
|Tangible fixed assets||||10|||
|Investments||||11|11,806,236|11,358,720|
||||||11,806,236|11,358,720|
|Current Assets|||||||
|Debtors||||12|29,665|174,624|
|Cash at bank and|in|hand||13|281,890|217,039|
||||||311,555|391,663|
|Liabilities|||||||
|Creditors: Amounts||falling|due||||
|within one||year||14|(75,704)|(42,190)|
|Net Current Assets|||||235,851|349,473|
|Total assets less|current||liabilities||12,042,087|11,708,193|
|The Funds ofthe|charity||||||
|Restricted funds||||15|302,989|303,118|
|Unrestricted
funds|||||||
|Designated||||16|300,912|145,225|
|Other Charitable|||Funds|18|11,438,186|11,259,850|
|Total charity funds|||||12,042,087|11,708,193|
##
|STATEMENT OF C|ASH|FLOWS AS AT 31|STMARCH 2022||
|---|---|---|---|---|
||||31stMarch|31stMarch|
||||2022|2021|
|Cash flows from operating
activities|||||
|Net income/(expenditure)
per SOFA|||333,894|2,241,427|
|Adjustments
for:|||||
|Depreciation|||||
|(Gains)/losses
on investments|||(426,890)|(2,186,812)|
|Dividends
and interest from investments|||(218,742)|(196,536)|
|(increase)/decrease
in debtors
in year|||144,959|(551)|
|Increase/(decrease)
in creditors
in year
Net cash provided
(used in) by operating||activities|33,514
~133,268)|2,708
1139,764)|
|Cash flows from investing
activities|||||
|Dividends
and interest from investments|||218,742|196,536|
|Proceeds from the sale ofinvestments|||995,787|1,267,918|
|Purchase ofinvestments|||(1,016,413)|(1,822,744)|
|Net cash provided
by (used in) investing||activities|198,116|(358,290)|
|Change
in cash and cash equivalents|in|the year|64,851|(498,054)|
|Cash and cash equivalents
brought forward|||217,039|715,093|
|Cash and cash equivalents
atthe end of||the year|281,890|217,039|
|The notes on pages 45 - 56 form part ofthese accounts|||||
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|||||Unrestricted|Restricted|31stMarch|31stMarch|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2022|2021|
|2|Income from donations|and legacies||||||
||Regimental
subscriptions|||172,187|111,493|283,680|278,291|
||Association
subscriptions|||20||20|140|
||Other subscriptions||||380|380|715|
||COIF Charity Fund|||800||800|800|
||Callendar
Charitable
Trust|||2,500||2,500|2,500|
||Donations - Legacies||||||39,902|
||Donated Services (Note 5)|||59,080||59,080|58,490|
||Other|||1,765|20,000|21,765|6,095|
|||||236,352|131,873|368,225|386,933|
||Total 2021|||270,592|116,341|386,933||
|3|Income from charitable|activities||||||
||Unused
Individual
Benevolence||Grants|1,750||1,750|2,418|
||Refunds
Contribution
towards grants/payments|||428
1,615
3,793|16,045
16,045|428
17,660
19,838|12,045
~(7D
14,393|
||Total 2021|||14,463|(70)|14,393||
|4|Income from investments|||||||
||Income from quoted
investments|||218,719||218,719|196,437|
||Interest on deposit accounts|||(7)|30|23|99|
|||||218,712|30|218,742|196,536|
||Total 2021|||196,508|28|196,536||
##
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|31stMarch|31stMarch|
||||||2022|2021|
|6|Expenditure
on raising funds||||||
||Advertising||300||300|85|
||Fund Manager Charges||43245||43,245|38,870|
||||43,545||43,545|38,955|
||Total 2021||38,955||38,955||
|7|Expenditure
on charitable activities||||||
||Grants to individuals
(2022:45; 2021:45)||39,147||39,147|58,859|
||Other grants||||||
||-General Purpose|Fund grants (2022:44;2021:43)|130,946||130,946|92,745|
||- HQ Officers Mess grants (2022:59;2021:43)|||49,054|49,054|37,381|
||-AAC Association|grants (2022: 8;2021:0)|1,980||1,980||
||- HQ WOs &Sgts|Mess grant (2022: 10;2021:7)||12,616|12,616|8,500|
||-AAC Sports grants (2022:29rest, 4 unrest; 2021:1 rest; 20 unrest)||105,136|20,000|125,136|84,908|
||-Sear (2022:0;2021:1)|||||5,000|
||Donations||20,000||20,000|20,000|
||Awards,
Trophies|&Presentations|2,747|10,485|13,232|8,623|
||Sponsorship||35,152|4,181|39,333|83,937|
||Repairs||49,274|2,000|51,274|27,000|
||Functions||8,520|49,741|58,261|(2,634)|
||Memorials||7,597||7,597|1,999|
||65th Anniversary||13,611||13,611||
||Heritage - history book||181||181|10,490|
||Website||24,120||24,120||
||Monthly website fees||720||720||
||Salaries (note 5)||59,080||59,080|58,490|
||Printing,
Postage & Stationery||927||927|495|
||||499,138|148,077|647,215|495,793|
||Total 2021||415,189|80,604|495,793||
||No remuneration|was paid to Trustees|during the year.|Reimbursed|Reimbursed|costs amounting|to677was paid to two Trustees||
|---|---|---|---|---|---|---|---|---|
||during the year|for meeting costs and|Colonel Commandant||expenses. The Army Air||Corps does not have any employees.||
||The services of|the Corps Accountant,|Corps Secretary,|Assistant Corps Secretary and Welfare Assistant are donated|||||
||to the charity by|the Ministry ofDefence (note 5).|||||||
|8|Other||||||||
||Audit|||||7,200|7,200|6,900|
||Meeting Costs|||||413|413|85|
||Bank Charges|||||528|528|463|
||Database|||||900|900|1,051|
|||||||9,041|9,041|8,499|
||Total 2021|||||8,499|8,499||
##
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|||||||||||c
E|eec0||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||roI|C
BI|e|Xe
re|e|||Total|Total|
||||||||||||||31st|31st|
||||||||||||||March|March|
||||||||||||||2022f|2021
5|
|Costs directly|||||||||||||||
|allocated to activities|||||||||||||||
|Fund Manager Charges||||Direct||||||||43,245|43,245|38,870|
|Grants||||Direct|39,147|297,344|||19,980||2,408||358,879|287,393|
|Donations||||Direct|20,000||||||||20,000|20,000|
|Awards,
Presentations||&Trophies||Direct|1,465|11,767|||||||13,232|8,623|
|Memorials||||Direct|||||||7,597||7,597|1,999|
|Sponsorship||||Direct||39,333|||||||39,333|83,937|
|Repairs to Serving Personnel|||Facilities|Direct|||2,000||||49,274||51,274|27,000|
|Functions||||Direct||58,261|||||||58,261|(2,634)|
|History Book||||Direct|||||||181||181|10,490|
|PrlnUng,
Postage|8 Stationery|||Direct|927||||||||927|495|
|Audit||||Direct||||||||7,200|7,200|6,900|
|Bank Charges||||Direct|528||||||||528||
|Website||||Direct|24,120||||||||24,120||
|65th Anniversary||||Direct|||||13,611||||13,611||
|Database||||Direct||||||||900|900|1,051|
|Sundries||||Direct|1,133||||||||1,133|85|
|Costs apportioned|to activities||||||||||||||
|Advertising||||Activity|225||75||||||300||
|Salaries||||Activity|44,310|14,770|||||||59,080|58,490|
|Total Resources Expended|||||131,855|423,550|||33,591||59,460|51,345|699,801|543,247|
|Total 2021|||||126,371|357,630|||||12,210|46,90|543,247||
##
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|2022|2021|
|---|---|
|6|6|
|20,599|20,599|
|(20,599)||
|(20,599)|(20,599)|
|20,599||
##
|NOTES TO TH
Fixed asset investments|E ACC|OU|NTS FOR THE YEAR EN|DED 31STMARCH 20|
|---|---|---|---|---|
|||||2022|
|||||E|
|Quoted investments|||||
|B/Fwd as at 1 April 2021||||11,358,720|
|Less: Disposals at opening|book|value 2022 proceeds:|||
|F995,787; profit F44,254|||||
|(2021 proceeds: f1,267,918;profit: 2232,740)||||(951,533)|
|Add:
Acquisitions
at cost||||1,016,413|
|Net unrealised
investment|gains|/ (losses)||382,636|
|Market value at 31 March|2022|||11,806,236|
|Historical cost at 31 March|2022|||10,623,296|
|Total profit / (losses) on investments|||were 2022 E426,890,2021f2,186,812||
##
||||UK|Overseas|
|---|---|---|---|---|
||||f.||
||Listed Investments||3,007,275|4,113,470|
||Other Investments||4,122,017|563,474|
||||7,129,292|4,676,944|
|12|Debtors||||
||||2022|2021|
|||||E|
||Other debtors||29,665|174,624|
||||29,665|174,624|
|13|Cash at|bank and in hand|||
||||2022|2021|
||Holt's, Royal Bank ofScotland||234,997|175,634|
||Investec||46,893|41,405|
||||281,890|217,039|
|14|Creditors||||
||Amounts|falling due within one year:|2022|2021|
|||||E|
||Accruals||75,704|42,190|
||||75,704|42,190|
##
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||Balance|||||
|---|---|---|---|---|---|
||B/fwd||||Balance|
||1stApril|Transfers|Movement ofResources||31stMarch|
||2021f||incoming
E|Outgoing
f|2022f|
|Sports|4,181||20,000|(24,181)||
|HQ WOs' and Sgts' Mess|102,512||37,238|(34,286)|105,464|
|HQ Oflicers' Mess|196,425||90,709|89,609)|197,525|
||303,118||147,947|(148,076)|302,989|
||Balance||||Balance|
||1stApril|Transfers|Movement ofResources||31stMarch|
||2020||Incoming|Outgoing|2021|
||E||E||E|
|Sports|4,581||5,000|(5,400)|4,181|
|HQ WOs' and Sgts' Mess|75,339||37,908|(10,735)|102,512|
|HQ Officers' Mess|187,503||73,391|(64,469)|196,425|
||267,423||116,299|(80,604)|303,118|
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|23|Financial|Instruments|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||f|6|
||Financial|assets measured|at fair value through||profit|or loss|11,806,236|11,358,720|
||Financial|assets that are debt instruments||measured||at amortised cost|311,555|391,663|
||||||||12,117,791|11,750,383|
||Liabilities||||||||
||Financial|liabilities measured|at amortised|cost|||(75,704)|(42,190)|
##
|Financial
liabilities
measured
|at amortise
|d cost
|indudes
accruals.|||
|---|---|---|---|---|---|
|Items ofIncome, expense,|gains orl|osses|||Net gains/|
|||||Income|(losses)|
|||||8|5|
|2022||||||
|Financial assets measured|at fair value|through|profit or loss|218,719|426,890|
|Financial assets measured|at amortised|cost||23||
|||||218,742|426,890|
|2021||||||
|Financial assets measured|at fair value|through|profit or loss|196,437|2,186,812|
|Financial assets measured|at amortlsed|cost||99||
|||||196,538|2,188,812|
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