2022-03-31-accounts - The Guards Parachute Association

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to public be	nefit guidance publ	ished by the Charity Commission.
Reference	and administrative	information
Registered	Charity name	The Guards Parachute Association
Registered	Charity number	1188482
Principal office		The Old Pump House, Byford, Hereford, HR4 7LD
Governing	document	CIO (Charitable Incorporated	Organisation) Association
		Registered 11March 2020.Registered in England and Wales.
Tl'Itstees		Lt.Col.David John Heycock
		David George McAlister
		Col. Peregrine Simon Wynch Felton Falkner OBE
Bankers		Lloyds Bank pic
		115Victoria Road
		Aldershort
		GU11 IJQ
Independent	examiners	Haines Watts Hereford Limited
		Chartered Accountants
		3 Floor, Broadway House
		32-35Broad Street
		Hereford
		HR4 9AR

				Unrestricted	Restricted	Total		Total	Total
				Iund	Fund	Funds		Funds
						18October	2020
						to31March		11March	2020 to
						2022		17October		2020
								K
Income
Donations and legacies
Memorial					5,034		5,034		109,925
Gift aid					(140)		(140)			9,704
					4,894		4,894		119,629
Charitable activities
Welfare/subscriptions				738			738			87
Sale ofties				573			573
				1,311			1,311			87
Total inconie				1,311	4,894		6,205		119,716
Expenditure
Charitable activities
Memorial maintenance/insurance					629		629
Memorial dedication		costs			14,127	14,127
Welfare/wreaths				476			476			76
Newsletter				1,671			1,671			602
Postage and stationery Computer/sundry expenses				551 141			551 141			262 50
Purchase of	ties			195			195
				3,034	14,756	17,790				990
Governance	and support costs
Accounts				2,800			2,800			1,750
Independent	examination			1,090 3,890			1,090 3,890			750 2,500
Total expenditure				6,924	14,756	21,680				3,490
Net income/(expenditure)			and net movement
in funds t'or	the year			(5,613)	(9,862)	(15,475)			116,226
Reconcihation offunds
Total funds	brought forward			12,176	153,369	165,545			49,319
Total funds	carried	forward		6,563	143,507	150,070			165,545

			At	At
	Note		31-Mar-2022	17-Oct-2020
				8
Fixed Assets
Heritage Assets			88,530	58,809
			88,530	58,809
Current Assets
Stockofties		350
Cash at bank		43,203		73.879
Debtors:
Prepayments		24,517		25,146
Other debtors - VAT				10,211
			68,070	109,236
Cuneat Lialities
HMRC - gift sid			(140)
Accruals			(6,390)	(2,500)
			(6,530)	(2,500)
Net current assets			61,540	106,736
Total assets less current liabilities			. 71	165,545
The funds ofthe charity
Uarestrictcd funds Restricted funds - Memorial	9 )0		6,563 143,507	12,176 153,369
			150,070	165,545

I Basis ol'accounting	I Basis ol'accounting
These accounts have been prepared under the lu&toricsl cost convention with &tem«ecogni.				ed ai cost or transnction
value unless	otherwise stated in tbe relevant notes to these	accounts The Tmstees decided		to clu&n	e thc year end to
31 March to	align with previous accnunts recnrds
The accounts	have been prepared in accordance w&tii.
&he Statement ofRecon&mended Practice: Accounling and		Repor ting by Chan ties pn:panng		distr	accouots		m
sccoidwice with Ihe Financial Reporiing Stan&i.&rd applim&ble in the UK sod Republic of			Ireland (FRS 102)				imucd
on 16July 2014.
the Fmanciat	Repo& tmg Stnnda& 6 appbcable in the United	Kingdum and Repubhc ofIreland		(FRS	It12),
and &vuh the	Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
2 Income
Recagnition	of These are included in the Sla&ement ofFinancial Activities (SCFA) when
1&ice&»L
	the chanty becomes entitled to the resouices;
	&t is niore likely than not that Ibe trustees will &eceive tbe resources;
	dte mooetary value can be measured	wirh sutyicient reliability.
Grants and	Grants and donation& are only included in	the SoFA when the generul mcome recognition				cntena
donntions	are met (5.10to 3 12FRS 102 SORP).
Tax reelainis	Gib Aid receivable is mcluded iii incnme	when there is a vahd declaration		from Ibe donor			Any
on danations	Gift Aid amoun& recnvmv&l on a donation is considered &n be pan ol' Iha&		gill and»		Iree&ed	as an
«nd gifm	addiuon to the same fund as the uutiai donation unless the donor ur Ihe terms of the appeal .peci fied otherwise						have
Income from	Membership subscrip&ions received in the	nature ofa gift are recognised	&n	Donations and
menihersl&ip	Lcgacics
3 Expenditure and liabilities
Llabglty rccugnitiun	Liab&hties arc recognised where n is moie obligation committin tbe charity to payout measured with ieasonable certainty.	likely than not thaI &here i& a legal or constructive icsources nnd the amount ofthe obhgatioacan					be
Guvcrnnnce	Support costs have been agocated between	governance cost& and other supporL Governance					cost&
nnd support	co&nprise ag costs involving public accountability of&he charily und iL& con&pl&ance				with regulation
costs	aod good practice
4 Assets
Stalks sud
work io	Stock& held for sale as part ofnon-chantoble	tnnle are measured at Ihe le&ver		or cusi	or net
progt'lss	realisable value
	The cbanty has hen&age assets, that &x non-monetaiy asseL& with hi&tone,		artistic, saentific,
Heritage assets	tecbnologicul. geophysicol or aevi&Cemental their contr ibution lo knoivledge and culture.	quahties tire& ate held nnd niainta&ned priac&pagy for The NMA monument has not been depiec&ated, ss il
	was not complete at &hc year cnd
6 Trustees rcniuneration
During tbe yem	administration expen~es totalbtig f300 were	reimbur ed to tuo Tni&tees