2021-12-31-accounts

Council Members	Rear Admiral A R Rymer CEng
	(Chairman)
	Colonel C E H Ackroyd TDRDDL
	(Vice Chairman)
	MrA J Cobb FCiH
	Commander A E MizenRN
	Mrs A C Rodgers FCA
	Commander J F J SimpsonRN
	Commander S J SnowballRN
	Mr I H Currie FCA
	Mr D J Foster FCA
	MrSD Rice	(Appointed 2 February 2022)
Chief Executive Officer	Commander P C KeefeRN
Secretary	Commander P C KeefeRN
Charity number	226684
Company number	00034118
Principal address	1 Shakespeare Terrace
	126 High Street
	Portsmouth
	Hampshire
	P012RH
Registered office	1 Shakespeare Terrace
	126 High Street
	Portsmouth
	Hampshire
	P012RH
Auditor	Jones Avens Limited
	Piper House
	4 Dukes Court
	Bognar Road
	Chichester
	West Sussex
	P0198FX
Bankers	Lloyds Bank Pic
	113 Commercial Road
	Portsmouth
	Hampshire
	P01 1BY

	Page
Council Members' report	1 - 7
StatementofCouncil members' responsibilities	8
Independent auditor's report	9- 12
Statementoffinancial activities	13
Balance sheet	14
Statementofcash flows	15
Notes to the financial statements	16-29

6 April 2022

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
	Notes	£	£
Income and endowments from:
Voluntary income	3	65,380	55,710
Charitable activities	5	410,106	558,331
Investments	4	101,509	99,527
Other income	6	93,473	92,448
Total income		670,468	806,016
Expenditure on:
Raising funds	7	7,813	6,156
Charitable activities	8	776,076	973,861
Other	13	794
Total resources expended		784,683	980,017
Net operating deficit		(114,215)	(174,001)
Net gains/(losses)oninvestments	14	308,631	115,471
Net incoming/(outgoing) resources		194,416	(58,530)
Other recognised gains and losses
Other gains or losses	16	(16,514)	11'716
Net movementinfunds		177,902	(46,814)
Fund balances at 1 January		3,608,701	3,655,117
Fund balances at31December		3,786,603	3,608,303

Notes Fixed assets Tangible assets 17 Investments 18 Current assets Stocks 19 Debtors 21 Cash at bank andinhand Creditors: amounts falling due within oneyear 22 Net current assets Total assets less current liabilities Income funds Unrestricted funds Designated funds 24	2021 £ £ 59,375 3,280,429 3,339,804 65,094 32,185 425,742 523,021 (76,222) 446,799 3,786,603 3,786,603 3,786,603 3,786,603	2020 £ £ 82,553 3,005,496 3,088,049 130,278 49,638 436,978 616,894 (96,640) 520,254 3,608,303 3,608,303 3,608,303 3,608,303	2020 £ £ 82,553 3,005,496 3,088,049 130,278 49,638 436,978 616,894 (96,640) 520,254 3,608,303 3,608,303 3,608,303 3,608,303
			3,088,049 520,254
			3,608,303
			3,608,303
			3,608,303

2021 Notes £ Cashflowsfromoperatingactivities Cash absorbed by operations 27 Investingactivities Purchaseoftangible fixed assets (1,343) Proceeds on disposaloftangible fixed assets 3,611 Repaymentofinvestment loans and receivables Purchaseofinvestments (49,362) Proceedsondisposalofinvestments 83,060 Investment income 101,509 Netcashgeneratedfrominvesting activities Netcashusedinfinancingactivities Net(decrease)lincreasein cash andcash equivalents Cash and cash equivalents at beginningofyear Effectofforeign exchange rates Cashandcashequivalentsatendofyear	2020 £ £ (143,753) (10,015) 247 284,125 (40,000) 77,864 99,527 137,475 (6,278) 436,978 (4,958) 425,742	£ (271,134) 411,748
		140,614 299,226 (2,862)
		436,978

	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	£	£
Donations and gifts	376	198
Government grants	65,004	55,512
	65,380	55,710
Government grants received
Coronavirus Job Retention Scheme grant	40,868	51,532
Discretionary Covid-19 grants	24,136	3,980
	65,004	55,512

	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	£	£
Income from listed investments	101,347	96,166
Interest receivable	162	3,361
	101,509	99,527

	SupportingHM	Centresin	TotaiSupportingHM	TotaiSupportingHM	Centresin	Total
	Forcesinthe	Cyprus	2021	Forcesinthe	Cyprus	2020
	UKand	supportingHM		UKand	supportingHM
	overseas	Forces		overseas	Forces
		overseas			overseas
	2021	2021		2020	2020
	£	£	£	£	£	£
Sales within charitable
activities	112,010	297,234	409,244	91,939	452,940	544,879
Other income	397	465	862	8,476	4,976	13,452
	112,407	297,699	410,106	100,415	457,916	558,331

	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	£	£
Net gain on disposal of tangible fixed assets		247
Management fees and office rent	93,473	92,201
	93,473	92,448

Investment management Charitable activities Staff costs Depreciation and impairment Costofsupplies Operating costs Grant funding of activities (see note 10) Shareofsupport costs (see note9) Shareofgovernance costs (see note 9)	Supporting Centresin HM Forces Cyprus inthe UK supporting and HM Forces overseas overseas 2021 2021 £ £ 144,198 139,664 3,288 12,167 38,422 172,592 31,578 70,537 217,486 394,960 11 86,350 47,461 12,520 17,288 316,356 459,720	Supporting Centresin HM Forces Cyprus inthe UK supporting and HM Forces overseas overseas 2021 2021 £ £ 144,198 139,664 3,288 12,167 38,422 172,592 31,578 70,537 217,486 394,960 11 86,350 47,461 12,520 17,288 316,356 459,720	Total Supporting 2021HM Forces inthe UK and overseas 2020 £ £ 283,862 142,002 15,455 4,754 211,014 34,233 102,115 32,252 612,446 213,241 11 133,811 86,233 29,808 12,193 776,076 311,667 2021 £ 7,813 7,813 Centresin Cyprus supporting HM Forces overseas 2020 £ 216,604 14,260 222,235 143,870 596,969 55 48,332 16,838 662,194	2020 £ 6,156 6,156 Total 2020 £ 358,606 19,014 256,468 176,122 810,210 55 134,565 29,031 973,861
		217,486 86,350 12,520 316,356

9 Support costs Staff costs Depreciation Head office costs Audit fees Legal and professional Committee costs and expenses Analysed between Charitable activities		Support Governance costs costs £ £ 116,397 22,171 202 38 17,212 3,970 3,063 566 133,811 29,808 133,811 29,808	2021 £ 138,568 240 17,212 3,970 3,063 566 163,619 163,619	Support Governance costs costs £ £ 114,720 21,852 202 38 19,643 3,871 2,863 407 134,565 29,031 134,565 29,031	2020 £ 136,572 240 19,643 3,871 2,863 407
					163,596 163,596

Full time (UK&Fl) Part time (UK&Fl) Full time (Cyprus) Part time (Cyprus) Employment costs Wages and salaries Social security costs Other pension costs	2021 Number 4 8 3 14 29 2021 £ 388,284 19,913 14,233 422,430	2020 Number 3 7 5 17 32 2020 £ 457,100 23,916 14,162 495,178

	2021	2020
CESSAC Emoluments	£37,113	£37,113
Association Emoluments	£37,113	£37,113
Total Emoluments	£74,226	£74,226
CESSACpension contribution	£3,711	£3,711
Associationpension contribution	£3,711	£3,711
Totalpension contributions	£7,422	£7,422

Net loss on disposaloftangible fixed assets Unrestricted funds 2021 794 794	Total £ 2020

Revaluationofinvestments Gain/(loss)onsale of investments Unrestricted funds 2021 £ 304,783 3,848 308,631	Unrestricted funds 2020 £ 125,026 (9,555)
	115,471

Other gains or losses
	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	£	£
Foreign exchange (losses)/gains	(16,514)	11,716

17 Tangiblefixedassets Cost At 1 January 2021 Additions Disposals Exchange adjustments At31December 2021 Depreciationandimpairment At 1 January 2021 Depreciation chargedinthe year Eliminatedinrespect of disposals Exchange adjustments At31December 2021 Carryingamount At31December 2021 At31December 2020		Landand Leasehold buildings properties £ £ 12,000 959,378 (637,229) (69,077) 12,000 253,072 4,320 951,957 240 3,168 (637,228) (68,543) 4,560 249,354 7,440 3,718 7,680 7,421	Furniture, fittings& equipment £ 663,361 1,343 (453,392) (42,865) 168,447 597,909 11,487 (448,988) (38,978) 121,430 47,017 65,452	Vehicles Total £ £ 48,491 1,683,230 1,343 (11,620) (1'102,241) (3,203) (115, 145) 33,668 467,187 46,491 1,600,677 800 15,695 (11,620) (1,097,836) (3,203) (110,724) 32,468 407,812 1,200 59,375 2,000 82,553

	Listed
	investments
	£
Costorvaluation
At 1 January 2021	3,005,496
Additions	49,362
Valuation changes	304,783
Disposals	(79,212)
At31December 2021	3,280,429
Carrying amount
At31December 2021	3,280,429
At31December 2020	3,005,496

19 Stocks
20 21 2021 £ Finished goods and goods for resale 65,094 Financial instruments 2021 £ Carrying amountoffinancial assets Instruments measured at fair value through profit or loss 3,280,429 Debtors 2021 Amounts falling due within one year: £ Trade debtors 600 Other debtors 2,625 Prepayments and accrued income 28,960 32,185	2020 £ 130,278
	2020 £ 3,005,496 2020 £ 1,504 9,200 38,934 49,638

Notes Other taxation and social security Government grants 23 Trade creditors Accruals and deferred income	2021 2020 £ £ 11,357 9,016 4,524 19,858 14,078 45,007 69,022 76,222 96,640

Operating cost reserve InvestmentinCESSA Housing Association Limited Capital fund for future opportunities Balanceat 1January2020 £ 1,250,000 284,125 2,120,992 3,655,117	Movement infunds Transfers Balanceat Incoming 1January2021 resources £ £ £ (230,000) 1,020,000 (284, 125) 467,311 2,588,303 178,300 (46,814) 3,608,303 178,300 Balanceat 31December 2021 £ 1,020,000 2,766,603 3,786,603

27	Cash generated from operations	2021	2020
		£	£
	Surplus/( deficit) for the year	194,416	(58,530)
	Adjustments for:
	Investment income recognisedinstatementoffinancial activities	(101,509)	(99,527)
	Foreign exchange differences	(1,779)	13,824
	Loss/(gain)ondisposaloftangible fixed assets	794	(247)
	(Gain)/lossondisposalofinvestments	(3,848)	9,555
	Fair value gains and losses on investments	(304,783)	(125,026)
	Depreciation and impairment of tangible fixed assets	15,695	19,254
	Movementsinworking capital:
	Decreaseinstocks	56,062	14,499
	Decrease/(increase)indebtors	16,242	(11,390)
	(Decrease)increditors	(10,845)	(34,054)
	(Decrease)/increaseindeferred income	(4, 198)	508
	Cash absorbedbyoperations	(143,753)	(271,134)

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