| Unrestricted | Restricted | Year to | Yearto | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 31March | 31March | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | E | f | E | E | ||
| Income | ||||||
| Donations, grants and gifts Charitable activities |
639 8,262,987 |
1,691,995 1,174,562 |
1,692,634 9,437,549 |
1,219,441 11,474,725 |
||
| Other trading activities Income from investments |
(1,734) 2,043 |
(1,734) 2,043 |
294,280 6,831 |
|||
| Total income and endowments | 2 | 8,263,935 | 2,866,557 | 11,130,492 | 12,995,277 | |
| Expenditure Raising funds Charitable activities |
349,420 8,246,443 |
797,220 | 349,420 9,043,663 |
517,720 9,244,749 |
||
| Total expenditure | 8,595,863 | 797,220 | 9,393,083 | 9,762,469 | ||
| Net income/(expenditure) | (331,928) | 2,069,337 | 1,737,409 | 3,232,808 | ||
| Transfers between funds |
645,458 | (645,458) | ||||
| Other recognised gains |
||||||
| Revaluation offreehold |
land and | buildings | (2,410,000) | (2,410,000) | (650,000) | |
| Disposal of heritage assets | ||||||
| Net movement in funds |
(2,096,470) | 1,423,879 | (672,591) | 2,582,808 | ||
| Balances at 1April 2020 | 11,248,430 | 3,023,907 | 14,272,337 | 11,689,529 | ||
| Balances at31March 2021 | 9,151,960 | 4,447,786 | 13,599,746 | 14,272,337 |
| ROYAL | UNITED SERVICES | UNITED SERVICES | UNITED SERVICES | INSTITUTE | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| FOR DEFENCE AND | SECURITY STUDIES | |||||||||
| CONSOLIDATED | BALANCE SHEET | |||||||||
| AS AT31MARCH 2021 | ||||||||||
| 31March | 31March | |||||||||
| 2021 | 2020 | |||||||||
| Note | ||||||||||
| TANGIBLE FIXEDASSETS | Sa | 12,177,679 | 13,890,635 | |||||||
| HERITAGE ASSETS | Sb | 1,345,705 | 1,345,705 | |||||||
| 13,523,384 | 15,236,340 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 6 | 11,148,816 | 5,352,160 | |||||||
| Cash at Bank | 4,135,976 | 3,673,451 | ||||||||
| 15,284,792 | 9,025,611 | |||||||||
| CREDITORS: | ||||||||||
| Amounts falling due within |
one | year | ||||||||
| Creditors | 7 | 9,679,911 | 4,234,359 | |||||||
| Bankloan | 216,046 | 212,060 | ||||||||
| 9,895,957 | 4,446,419 | |||||||||
| NET CURRENT ASSETS/(LIABILITIES) | 5,388,835 | 4,579,192 | ||||||||
| TOTAL ASSETSless current | liabilities | 1&,912,219 | 19,815,532 | |||||||
| AMOUNTS FALLING DUE AFTER |
||||||||||
| MORE THAN | ONE YEAR | 5,312,473 | 5,543,195 | |||||||
| NET ASSETS | 13,599,746 | 14,272,337 | ||||||||
| FUNDS EMPLOYED | ||||||||||
| Unrestricted | fund —General | fund | 3,604,398 | 3,290,868 | ||||||
| Unrestricted | fund —Revaluation | reserve | 5,547,562 | 7,957,562 | ||||||
| Restricted funds | 13 | 4,447,786 | 3,023,907 | |||||||
| 13,599,746 | 14,272,337 |
| ROYAL | UNITED SERVICES | INSTITUTE | ||||||
|---|---|---|---|---|---|---|---|---|
| FOR DEFENCE AND SECURITY STUDIES | ||||||||
| CHARITY BALANCE SHEET | ||||||||
| AS AT31 MARCH 2021 | ||||||||
| 31March | 31March | |||||||
| 2021 | 2020 | |||||||
| Note | ||||||||
| TANGIBLE FIXEDASSETS | Sa | 12,140,874 | 13,882,998 | |||||
| HERITAGE ASSETS | Sb | 1,345,705 | 1,345,705 | |||||
| INVESTMENT | IN SUBSIDIARY | 9 | 100 | 100 | ||||
| 13,486,679 | 15,228,803 | |||||||
| CURRENT ASSETS | ||||||||
| Debtors | 6 | 6,732,377 | 5,399,409 | |||||
| Cash at Bank | 3,289,466 | 2,197,864 | ||||||
| 10,021,843 | 7,597,273 | |||||||
| CREDITORS: | ||||||||
| Amounts falling due within |
one year | |||||||
| Creditors | 7 | 4,380,257 | 2,79&,484 | |||||
| Bankloan | 216,046 | 212,060 | ||||||
| 4,596,303 | 3,010,544 | |||||||
| NET CURRENT ASSETS/(LIABILITIES) | 5,425,540 | 4,586,729 | ||||||
| TOTAL ASSETSless current | liabilities | 18,912,219 | 19,815,532 | |||||
| AMOUNTS FALLING DUE AFTER |
||||||||
| MORE THAN | ONE YEAR | 5,312,473 | 5,543,195 | |||||
| NET ASSETS | 13,599,746 | 14,272,337 | ||||||
| FUNDS EMPLOYED | ||||||||
| Unrestricted | fund —General | fund | 3,604,398 | 3,290,868 | ||||
| Unrestricted | fund —Revaluation | reserve | 5,547,562 | 7,957,562 | ||||
| Restricted funds | 13 | 4,447,786 | 3,023,907 | |||||
| 13,599,746 | 14,272,337 |
| FO | R THE YE | AR END | ED 31MARCH 20 | 21 | ||
|---|---|---|---|---|---|---|
| Year to | Yearto | |||||
| 31March | 31March | |||||
| 2021 | 2020 | |||||
| E | E | |||||
| Cash flows from operating activities: | ||||||
| Net cash provided by (used in) operating |
activities | 1,526,909 | 1,100,675 | |||
| Cash flows from investing activities: |
||||||
| Interest from investments | 2,043 | 6,831 | ||||
| Purchase of property, plant and equipment |
(839,691) | (468,632) | ||||
| Purchase ofheritage assets | ||||||
| Net cash provided by (usedinjinvesting |
activities | (837,648) | (461,801) | |||
| Cash flows from financing activities: | ||||||
| Repayments ofborrowing |
(226,736) | (209,427) | ||||
| Cash inflaws from new borrowing | ||||||
| Net cash provided by (used in)financing |
activities | (226,736) | (209,427) | |||
| Change in cash and cash equivolentsin | the | reporting | period | 462,525 | 429,447 | |
| Cash and cash equivalents at the beginning |
ofthe reporting | period | 3,673,451 | 3,244,004 | ||
| Cash and cash equivalents at the end ofthe |
reporting | period | 4,135,976 | 3,673,451 | ||
| Reconciliation of net income/(expenditure) |
to net cash flow | |||||
| from operating activities |
||||||
| Net income/(expenditure) for the reporting |
period (as per | |||||
| The Statement of Financial Activities) | 1,737,409 | 3,232,808 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
142,647 | 76,552 | ||||
| Dividends, interest and rent from investments |
(2,043) | (6,831) | ||||
| (Increase)/decrease in debtors |
(5,796,656) | (2,481,279) | ||||
| Increase/(decrease) in creditors |
5,445,552 | 279,425 | ||||
| Net cash provided by (used inj operating |
activities | 1,526,909 | 1,100,675 | |||
| Analysis ofcash and cash equivalents | ||||||
| Cash in hand | 4,135,976 | 3,673,451 | ||||
| Total cash and cash equivalents | 4,135,976 | 3,673,451 |
| ANALYSIS O | F INCOME | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Yearto | Yearto | |||
| Funds | Funds | 31March | 31March | |||
| 2021 | 2021 | 2021 | 2020 | |||
| E | E | E | E | |||
| Donations, grants and gifts |
639 | 1,691,995 | 1,692,634 | 1,219,441 | ||
| Income from | charitable | activities | ||||
| Conferences | and events | 76,518 | 76,518 | 298,033 | ||
| Research | 6,875,896 | 1,174,562 | 8,050,458 | 10,069,252 | ||
| Subscriptions Publications |
1,114,666 195,907 |
1,114,666 195,907 |
973,796 133,644 |
|||
| Income from | trading activities | |||||
| Facilities / Room hire Bank deposit interest received |
(1,734) 2,043 |
(1,734) 2,043 |
294,280 6,831 |
|||
| Total income | 8,263,935 | 2,866,557 | 11,130,492 | 12,995,277 |
| Total costs | of activities | comprise: | |||||
|---|---|---|---|---|---|---|---|
| Yearto | Yearto | ||||||
| 31March | 31March | ||||||
| Staff | Direct | Allocated | 2021 | 2020 | |||
| costs | costs | costs | Total | Total | |||
| 6 | E | E | E | E | |||
| Facilities | 58,379 | 745 | 21,510 | 80,634 | 236,163 | ||
| Fundraising | 195,576 | 1,215 | 72,056 | 268,847 | 281,557 | ||
| Tota I cost of raising funds |
253,955 | 1,960 | 93,566 | 349,481 | 517,720 | ||
| Conferences and events Research Publications Membership Other support to members Governance costs |
276,230 3,053,407 308,860 266,079 744,582 65,789 |
17,766 2,663,709 64,804 |
98,536 1,017,397 113,793 98,032 230,379 24,239 |
392,532 6,734,513 487,457 364,111 974,961 90,028 |
615,200 7,081,819 427,185 306,670 732,552 81,323 |
||
| Total cost ofcharitable | activities | 4,714,947 | 2,746,279 | 1,582,376 | 9,043,602 | 9,244,749 | |
| 4,968,902 | 2,748,239 | 1,675,942 | 9,393,083 | 9,762,469 |
| Yearto | Yearto | |||||
|---|---|---|---|---|---|---|
| 31March | 31March | |||||
| Finance and | 2021 | 2020 | ||||
| Establishment | Adminf | Otherf | Total E |
Total f |
||
| Facilities | 10,921 | 9,815 | 774 | 21,510 | 40,316 | |
| Fundraising | 36,584 | 32,879 | 2,593 | 72,056 | 79,144 | |
| Conferences | and events | 50,029 | 44,962 | 3,545 | 98,536 | 111,969 |
| Research | 516,555 | 464,236 | 36,606 | 1,017,397 | 1,030,633 | |
| Publications | 57,775 | 51,924 | 4,094 | 113,793 | 108,445 | |
| Membership | 49,773 | 44,732 | 3,527 | 98,032 | 90,342 | |
| Other support to members | 116,969 | 105,121 | 8,289 | 230,379 | 211,158 | |
| Governance | costs | 12,307 | 11,060 | 872 | 24,239 | 25,338 |
| 850,913 | 764,729 | 60,300 | 1,675,942 | 1,697,345 |
| Group and | Group and | |||||
|---|---|---|---|---|---|---|
| Charity | Charity | |||||
| Yearto | Yearto | |||||
| 31March | 31March | |||||
| 2021 | 2020 | |||||
| E | f | |||||
| Total expenditure includes: |
||||||
| Salaries and wages | 4,145,427 | 3,696,799 | ||||
| Pension costs —defined | contributions | scheme | 231,937 | 185,373 | ||
| National insurance |
423,304 | 348,845 | ||||
| Holiday pay reserve |
70,574 | 25,392 | ||||
| 4,871,242 | 4,256,409 | |||||
| The average number of | staff employed | during the year was: | 93 | 86 | ||
| Employees | remuneration | between | E60,000and f70,000 | |||
| Employees | remuneration | between | E70,000and f80,000 | |||
| Employees | remuneration | between | f80,000and E90,000 | |||
| Employees | remuneration | between | f100,000and f110,000 | |||
| Employees | remuneration | between | f130,000and f140,000 | |||
| Employees | remuneration | between | f150,000and f160,000 |
| Group and | Group and | |||||
|---|---|---|---|---|---|---|
| Charity | Charity | |||||
| Yearto | Yearto | |||||
| 31March | 31March | |||||
| 2021 E |
2020f | |||||
| Net income forthe year | is stated after charging: | |||||
| Auditor's remuneration |
for: | Audit fees | 15,600 | 14,500 | ||
| (Over)/under | accrual in previous year | |||||
| Depreciation Operating lease rentals |
—plant —land |
and machinery and buildings |
142,647 24,853 363,45& |
76,552 24,865 331,837 |
||
| Governance | costs comprise: | |||||
| Staff costs | 65,789 | 55,985 | ||||
| Establishment | costs | 12,307 | 12,942 | |||
| Administration | costs | 8,997 | 7,138 | |||
| Finance costs | 2,063 | 4,627 | ||||
| Othercosts | 872 | 631 | ||||
| 90,028 | 81,323 |
| Other | ||||
|---|---|---|---|---|
| Freehold | Assets | Tangible | ||
| land & | under | Fixed | ||
| buildings | construction | Assets | Total | |
| 6 | E | E | E | |
| Cost or value | ||||
| At 1April 2020 | 12,750,000 | 640,503 | 1,444,436 | 14,834,939 |
| Additions | 664,996 | 174,695 | 839,691 | |
| Revaluation | (2,410,000) | (2,410,000) | ||
| At 31March 2021 | 10,340,000 | 1,305,499 | 1,619,131 | 13,264,630 |
| Accumulated depreciation |
||||
| At 1April 2020 | 944,304 | 944,304 | ||
| Charge for the year | 142,647 | 142,647 | ||
| At 31March 2021 | 1,086,951 | 1,086,951 | ||
| Net book amount | ||||
| At 31March 2020 | 12,750,000 | 640,503 | 500,132 | 13,890,635 |
| At 31March 2021 | 10,340,000 | 1,305,499 | 532,180 | 12,177,679 |
| 7 | CREDITORS | CREDITORS | Group | Charity | Group | Charity | ||
|---|---|---|---|---|---|---|---|---|
| Yearto | Yearto | Yearto | Yearto | |||||
| 31March | 31March | 31March | 31March | |||||
| 2021 | 2021 | 2020 | 2020 | |||||
| E | f | E | f | |||||
| Trade creditors | 1,023,310 | 567,460 | 648,364 | 621,274 | ||||
| Sundry creditors and accruals | 2,235,165 | 2,645,365 | 645,147 | 609,624 | ||||
| Deferred | income | 6,421,436 | 1,158,233 | 2,940,848 | 1,567,586 | |||
| Amount | owed | to group | undertaking | 9,199 | ||||
| 9,679,911 | 4,380,257 | 4,234,359 | 2,798,484 | |||||
| Analysis | ofmovement | in deferred income | ||||||
| Group and charity | Balance at | Income | Income | Balance at | ||||
| 1April | released | deferred | 31March | |||||
| 2020 | ~in ear |
~in ear |
2021 | |||||
| E | f | f | E | |||||
| Deferred | research income | 2,378,706 | (771,366) | 4,289,423 | 5,896,763 | |||
| Subscriptions | in advance | 562,142 | (1,121,174) | 1,083,704 | 524,672 | |||
| 2,940,848 | (1,892,540) | 5,373,127 | 6,421,435 | |||||
| 8 | AMOUNTS FALLING DUE AFTER |
Group | Charity | Group | Charity | |||
| MORE THAN ONE YEAR | Yearto | Yearto | Yearto | Yearto | ||||
| 31March | 31March | 31March | 31March | |||||
| 2021 | 2021 | 2020 | 2020 | |||||
| 6 | E | E | f | |||||
| Loans | 5,312,473 | 5,312,473 | 5,543,195 | 5,543,195 | ||||
| Loans are repayable as follows:— |
||||||||
| Group | Charity | Group | Charity | |||||
| Yearto | Yearto | Yearto | Yearto | |||||
| 31March | 31March | 31March | 31March | |||||
| 2021 | 2021 | 2020 | 2020 | |||||
| 6 | 6 | f | E | |||||
| Within one year | 216,046 | 216,046 | 212,060 | 212,060 | ||||
| Between | two and five years | 5,312,473 | 5,312,473 | 625,967 | 625,967 | |||
| After five | years | 4,917,228 | 4,917,228 | |||||
| 5,528,519 | 5,528,519 | 5,755,255 | 5,755,255 |
| Land & | Yearto | Year to | ||||
|---|---|---|---|---|---|---|
| Buildings | Equipment | 31March | 31March | |||
| 2021 | 2020 | |||||
| E | E | |||||
| Due within one year | 390,000 | 31,077 | 421,077 | 425,645 | ||
| Due after one year and within | five years | 1,088,750 | 80,929 | 1,169,679 | 1,584,911 | |
| Due in | more than five years | 5,845 | ||||
| 1,478,750 | 112,006 | 1,590,756 | 2,016,401 | |||
| ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS | ||||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| E | 6 | E | ||||
| Fund balances at31March 2021are represented | by: | |||||
| Tangible | fixed assets | 12,877,926 | 645,458 | 13,523,384 | ||
| Current | assets | 11,482,464 | 3,802,328 | 15,284,792 | ||
| Current | liabilities | (9,895,957) | (9,895,957) | |||
| Long term liabilities | (5,312,473) | (5,312,473) | ||||
| Totalnet | assets | 9,151,960 | 4,447,786 | 13,599,746 | ||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| f | E | E | ||||
| Fund balances at 31March 2020 are represented | by: | |||||
| Tangible | fixed assets | 15,236,340 | 15,236,340 | |||
| Current | assets | 6,001,704 | 3,023,907 | 9,025,611 | ||
| Current | liabilities | (4,446,419) | (4,446,419) | |||
| Long term liabilities | (5,543,195) | (5,543,195) | ||||
| Tota I net | assets | 11,248,430 | 3,023,907 | 14,272,337 |
| RESTRICTED FUNDS | ||||||
|---|---|---|---|---|---|---|
| Balance | Income | Expenditure | Balance | |||
| 1April 2020 | 31March 2021 | |||||
| 6 | E | |||||
| The Thales Charitable The 1831Fund Google, Inc 61Whitehall Fund |
Trust | 7,538 26,772 100,844 1,645,270 |
1,691,995 | 645,458 | 7,538 26,772 100,844 2,691,807 |
|
| Research grants and | donations | fund | 1,243,483 | 1,174,562 | 797,220 | 1,620,825 |
| 3,023,907 | 2,866,557 | 1,442,678 | 4,447,786 | |||
| Balance | Income | Expenditure | Balance | |||
| 1April 2019 | 31March 2020 | |||||
| E | E | |||||
| The Thales Charitable | Trust | 7,838 | 300 | 7,538 | ||
| The 1831Fund | 26,772 | 26,772 | ||||
| The Patron's Fund |
2,500 | 2,500 | ||||
| Boogie, Inc 61Whitehall Fund |
100,844 461,786 |
1,183.484 | 100,844 1,645,270 |
|||
| Research grants and | donations | fund | 222,508 | 2,061,209 | 1,040,234 | 1,243,483 |
| 822,248 | 3,244,693 | 1,043,034 | 3,023,907 |
| Unrestricted | Restricted | Yearto | |
|---|---|---|---|
| Funds | Funds | 31March | |
| 2020 | 2020 | 2020 | |
| f | f | f | |
| Income | |||
| Donations, grants and gifts |
35,957 | 1,183,484 | 1,219,441 |
| Charitable activities |
9,413,516 | 2,061,209 | 11,474,725 |
| Other trading activities | 294,280 | 294,280 | |
| Income from investments | 6,831 | 6,831 | |
| Total income and endowments | 9,750,584 | 3,244,693 | 12,995,277 |
| Expenditure | |||
| Raising funds | 517,720 | 517,720 | |
| Charitable activities |
8,201,715 | 1,043,034 | 9,244,749 |
| Tota I expenditure | 8,719,435 | 1043034 | 9762469 |
| Net income/(expenditure) | 1,031,149 | 2,201,659 | 3,232,808 |
| Other recognised gains |
|||
| Revaluation ofheritage assets |
(650,000) | (650,000) | |
| Disposal ofheritage assets | |||
| Net movement in funds |
381,149 | 2,201,659 | 2,582,808 |
| Balances at 1April 2019 | 10,867,281 | 822,248 | 11,689,529 |
| Balances at 31March 2020 | 11,248,430 | 3,023,907 | 14,272,337 |