## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |ith the Chari|ith the Chari|ty's
a||ctivit|ies are cont|
ained
in the table below:| |---|---|---|---|---|---|---| |Risk Descri||tion||||Miti
ation and Notes| |Product.||||||Prepare and review an annual
Strategic Plan to shape and| |Not meeting||the needs|||of|adapt business
output to reflect and anticipate
market| |customers||||||requirement.
Continually
improve,
update
and augment| |||||||uidance and advice available.| |Finance.||||||Regular monitoring
by the Finance and General Purposes| |Significant|loss of|||income||Committee.
Consideration
offresh initiatives
to increase| |||||||income and control expenditure.
Maintenance
of long-term| |||||||investment
funding
at levels to meet a projected
future| |||||||runnin
costs.| |Re
ulato|Com||liance.|||Company
business
procedures
to reflect legislative
and| |Damage to|reputation||||and risk of|regulatory
changes
relating
to Company
Law, Charity| |FCA investigation||||and|potential|Commission
regulations,
Bribery Act 2010and FCA| |closure.||||||guidelines.
Staff to guard against
inadvertent
passing of| |||||||financial advice or opinion
that does not reflect the considered| |||||||view ofthe Association. GDPR compliance
strictly enforced| |||||||and closel
monitored.| |Business Continuit|.||Business
Continuity
Plan to be reviewed
regularly.
Regular|Business
Continuity
Plan to be reviewed
regularly.
Regular| |---|---|---|---|---| |Inability to conduct|business.||review ofstaff availability
to ensure maintenance
of national|| ||||covera
e at reasonable
levels.|| |Relevance.|||Staff to monitor
MOD activity and charity sector networks|for| |Resulting
in a reduction||in|indications
ofstrategic market changes
and the entry of|| |demand
for the Association's|||newcomers
Maintain
presence
and visibility at all|| |services.|||a
ro riate Service Charit
and MOD events|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Notes||2021||2020| |---|---|---|---|---|---|---|---|---| |||||||f||f| |Income||||||272,267||5,424,879| |Gains/(Losses)|on|investments||||161,829||56,694| |||||||434,096||5,481,573| |Expenditure|||||(|496,421 )|(|717,412 )| |Net (expenditure)/Incomebefore|||tax for the reporting|period|(|62,325 )||4,764,161| |Tax Payable||||||||| |Net (expenditure)/||income for|the financial year||(|62,325 )||4,764,161| ||||||Unrestricted|Funds| |---|---|---|---|---|---|---| |||||||Total| |||||Notes|Total Funds|Funds| |Income and endowments|||from||2021f|2020f| |Donations|||||176,375|5,279,402| |Charitable
Activities: I-ees||||||| |Other Trading activities.||||||| |Subscriptions|||||22,390|42,270| |Investment
income|||||22,351|50,740| |Other income|||||51,151|52,467| |Total|||||272,267|5,424,879| |~dtdt||||||| |Raising funds|||||13,730|22,966| |Charitable
activities|||||391,868|593,333| |Other Costs (including||publicity)|||90,823|101,113| |Total|||||496,421|717,412| |Net gain on investments|||||151,829|56,694| |Net (expenditure)|||||(62,325)|4,764,161| |Transfers
between|funds|||||| |Net movement
in funds|||||(62,325)|4,764,161| |Reconciliation
offunds:||||||| |Total funds
brought|forward||||6,220,796|1,456,635| |Total funds carried|forward at 31st|||||| |December 2021||||10|6,158,471|6,220,796| ## ## ## ## ## ## ## ## ## ## ## |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||||||Number|Number| |The average
monthly||number|ofpersons employed|||during|the year was||| |The emoluments|of|one employee||exceeded f100,000|||||| |The emoluments|of|two employees||exceeded f60,000|||||| |||||||||2021|2020| |Staffcosts (for|the above persons):|||||||8|8| |Wages and salaries (including|||holiday||pay piovision)|||285,137|461,872| |Social security|costs|||||||32,422|57,564| |Pension costs||||||||17,376|25,448| |||||||||334,935|544,884| ## ## |||||||Activities|||| |---|---|---|---|---|---|---|---|---|---| ||||||Cost of|on the|||| ||||||Raising|Charity's|Other|Total|Total| ||||||Funds
E|Objects
E|Costs
f|2021
f|2020
E| |Staff costs|(inc pensions)||||13,397|294,743|26,795|334,935|544,884| |Communications||(incl IT,Printing,||Postage)||60,646|20,216|80,862|53,424| |Rent, rates,|light & heat|||||9,110|3,036|12,146|14,083| |General expenses|||||||788|788|1,541| |Travel/Corp|Hosting/Training||||332|6,313||6,644|23,423| |Events||||||21,057||21,057|40,953| |Audiinrs
remuneration|||||||3,990|3,990|3,990| |Depreciation|||||||3,066|3,066|2,872| |Investment|Fund|Management|Fee||||20,418|20,418|9,900| |Bank Charges|||||||37|37|63| |Insurance|||||||2,342|2,342|4,053| |Public relations|||||||10,136|10,136|18,227| ||||||13,730|391,868|90,823|496,421|717,413| ## |6|Tangible fixed assets|2021|2020| |---|---|---|---| |||E|E| |||Office|Office| |||Equipment|Equipment| |||E|E| ||Costs||| ||As at 1 January 2021|40,048|28,918| ||Additions|1,132|11,130| ||Disposals||| ||As at 31st December 2021|41,180|40,048| ||Depreciation||| ||As at 1 January 2021|31,790|28,918| ||Disposals||| ||Charge for year|3,066|2,872| ||As at 31st December 2021|34,856|31,790)| ||Net book value||| ||31st December 2021|6,324|8,258| |7|Fixed asset|investments||||||| |---|---|---|---|---|---|---|---|---| ||Classification|of investments||at|market value:||2021|2020| ||||||||E|E| ||Fixed interest|- Bonds|||||359,550|141,719| ||Equities
(mainly common||investment|||funds)|1,858,090|907,132| ||Cash held as|part of investment|||portfolio||3,776,753|2,554,132| ||||||||5,994,393|3,602,963| ## ||Notes to|the financial statements
—3|1st Becemher 2|021| |---|---|---|---|---| ||||2021|2020| ||||f|f| |8|Debtors|||| ||Membership
Fees|||1,500| ||Other Debtors:|||| ||Pre-paid
travel||914|| ||Pre-paid
Insurance||1,060|1,347| ||Event Paid in advance||I9,000|| ||||30,974|2,847| |9|Creditors- amounts|falling due within one year||| ||||2021f|2020
f| ||VAT creditor|||2,136| ||Holiday
pay entitlement||4,434|7,288| ||Other creditors||4,607|15,996| ||||9,041|25,420| ## |( a) Analys|is offunds balances||| |---|---|---|---| |||2021|2020| |||f|f| |Unrestricted|funds|5,378,471|5,440,796| |Restricted|funds||| |Designated|funds|780,000|780,000| |||6,158,471|6,220,796| ## ||||||Restricted|Unrestricted|Designated|| |---|---|---|---|---|---|---|---|---| ||||||Funds|Funds|Funds|Total| ||||||f|f|f|| ||As at 1st January
2021|||||5,440,796|780,000|6,220,796| ||Net Movement
in general|||funds||62,325)||(62,325)| ||As at 31st December|2021||||5,378,471|780,000|6,158,471| ||ANALYSIS OF NET||ASSETS BETWEEN FUNDS|||||| ||Fund Balances at 31st December||||Unrestricted|Designated||| ||2021 are represented||by||Funds|Funds||| ||||||||2021
f|2020f| ||Tangible
fixed assets||||6,324||6,324|8,258| ||Investments||||5,214,393|780,000|5,994,393|3,602,983| ||Current assets||||166,795||166,795|2,634,975| ||Current
liabilities||||(9,041)||(0,041)|(25,420)| ||Total Net Assets||||5,378,471|780,000|6,158,471|6,220,796| |12|Net movement
in funds||||||2021|2020| ||||||||f|f| ||This is stated after charging:|||||||| ||Audit fees (including|VAT)|||||3,990|3,990| ||Depreciation
of fixed|assets||||||| |Statement ofcash flows|||||||Total funds|Totaal fund| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| |Cash flows from operating
activities:||||||||| |Net costi pro viileil by (user/ in) operatiiig||activities|||||(287,944)|4,674,555| |Cash flows from investing
activities:||||||||| |Dividends,
interest and rents from investments|||||||22,351|50,740| |Pioceeds fiom tlie sale ol'propeity,
plant||and||equipiniuii||||| |Purchase ofproperty,
plant and equipment|||||||(1,132)|(11,130)| |Movement
in investments|||||||(2,229,581)|(2,191,101)| |Net casli proviiled
by (used in) investing||nctivities|||||(2,496,307)|2,523,064| |Cash flows from financing
activities:||||||||| |Repayments
ofborrowing||||||||| |Cash inflow from new borrowing||||||||| |Receipt ofendowment||||||||| |Net casli provi i/ed by (us'ed i»)finanicing|||activities activities||||(2,496,307)|2,523,064| |Chnnge in cash nnd cash equivatentsin||the||reporting|perioil||(2,496,307)|2,523,064| |Cash and cash equivalents
at the beginning||||ofthe reporting||period|2,632,128|109,064| |Change
in cash and cash equivalents|due||to exchange rate movenients|||||| |Cash and cash equivalents
at the eud|ofthe reporting||||period||135.821|2.632.128| |Reconciliation ofnet income/
ex enditure||||to net cash flow from o eratin|||activities|| |Net incomel(erpetullture)
for /lie reporting||||period (asper||||| |the statement offinancial|activities)||||||(62,325)|4,764,161| |Adjustnients
for:||||||||| |Depreciation
charges|||||||3,066|2,872| |(Gains)/Losses
on investments|||||||(161,829)|(56,694)| |Dividends,
interest
and rent from investments|||||||(22,351)|(50,740)| |Loss/(profit)
on the sale offixed assets||||||||| |(Increase)/decrease
in stocks||||||||| |(increase)/decrease
in debtors|||||||(28,127)|26,844| |Increase/(decrease)
in creditors|||||||(16,379)|(11,888)| |Net casli provided
by (usedin) operating||activities|||||(287,944)|4,674,555| ||||||||Total fumls|Totaa I fumt| |Anal
sis ofcash and cash e uivalents|||||||2021|2020| |Cash in hand|||||||135,821|2,632,128| |Notice deposits (less than 3 months)||||||||| |Overdrafl
facility repayable
on demand||||||||| |Total cash and cash equivalents|||||||135,821|2,632,128|