## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL**
# **(NO.327) BRANCH Unincorporated association**
## **Report and Financial Statements**
**For the year ended 31 December 2020**
**Charity number: 231540**
## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL (NO.327) BRANCH Financial Statements for the Year Ended 31 December 2020**
|**Contents**|**Pages**|
|---|---|
|Legal and administrative information|1|
|Report of Trustees|2|
|Independent Examiners' report|3|
|Receipts and Payments Account|4|
|Statements of assets and liabilities|5|
|Notes to Financial Statements|6-9|
## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL (NO.327) BRANCH Financial Statements for the Year Ended 31 December 2020**
## **Trustees**
CHAIRMAN T Gill SECRETARY Paul Brooker TREASURER Andy Willsher COMMITTEE MEMBERS W Clark D Waite S Stevens C Card
## **Registered address**
## **Independent examiners**
Howbridge Road Witham Essex CM8 1BX Viewpoint Accountants Ltd Burgundy Court 64-66 Springfield Road Chelmsford Essex CM2 6JY
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## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL**
## **(NO.327) BRANCH**
## **Report of the Trustees for the Year Ended 31 December 2020**
Report of the Trustees for the Year Ended 31 December 2020
The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2020.
Legal and administrative information set out on page 1 forms part of this report.
## **Object of the charity**
The Association is incorporated by Royal Charter and its object is:-
The Object for which the Association is established is to promote, through the comradeship engendered by its members, the welfare by charitable means of all serving and former members of the Commonwealth Air Forces, their spouses and dependants, together with the widows and widowers and dependants of those who died whilst serving or subsequently.'
There have been no changes in objectives since the last annual report.
## **Investment policy**
Under the constitution of the association, the charity has the power to make any investments which the trustees see fit.
## **Review of activities and financial information**
The increase in the General Fund was £1,084 (2019: £7,496 decrease). The Branch accumulated fund stands at £118,994 (2019: £117,910).
The Welfare Fund has increased by £nil (2019: £nil) and stands at £10,543 (2019: £10,543) subject to further information, and is regarded as a designated restricted fund.
The total amount remitted by the Branch to the Association's HQ 2019 Annual Wings appeal was £nil (2019: £10,000).
## **Reserves policy**
To endeavour to maintain sufficient reserves to cover 6 months unrestricted expenditure.
## **Risk management**
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
## **Trustees' responsibilities in relation to the financial statements**
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Independent examiner**
A resolution will be proposed at the Annual General Meeting that Viewpoint Accountants Limited be reappointed independent examiners to the charity.
Approved by the trustees on xx/xx/xxxx and signed on their behalf by:
## **T Gill**
## **Chairman**
2
## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL (NO.327) BRANCH Independent Examiners' Report to the Trustees**
We report on the accounts of THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL (No.327) BRANCH for the year ended 31 December 2020 which are set out on pages 4 to 9.
## **Respective responsibilities of Trustee and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
- l examine the accounts (under section 145 of the Act);
- l to follow the Directions made under section 145 (5) (b) of the Act;
- l the charity keeps accounting records under section 130 of the Act; and
- l the accounts comply with the requirements of the 2011 Act.
## **Basis of Independent Examiners Report**
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, we do not express an audit opinion on the view given by the accounts.
## **Independent Examiner's Statement**
In connection with our examination, we were unable to confirm the balance on the Welfare account at the year end or determine whether there had been any movement on the account throughout
the accounting period. Despite requests, the committee member responsible for these statements
has not provided any information. Our opinion on the accounts therefore excludes the Welfare account.
On all other areas of the accounts, we have not identified any matters:
- 1 Which gives reasonable cause to believe that, in any material respect, the requirements:
- l to keep accounting records as required by law;
- l to prepare accounts which agree with those accounting records.
have not been met; or
- 2 To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Vicky Coffman FCCA Viewpoint Accountants Limited Accountants
3
## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL (NO.327) BRANCH**
## **Receipts and Payments Account for the year ended 31 December 2020**
**----- Start of picture text -----**
Notes Restricted Unrestricted 2020 2019
Funds Funds
Welfare
£ £ £ £
Receipts
Branch general 2 - 26,574 26,574 16,774
-
Total incoming receipts 26,574 26,574 16,774
Payments
Branch general 3 - 25,490 25,490 24,270
-
Total outgoing payments 25,490 25,490 24,270
-
Net (payments)/receipts for the 1,084 1,084 (7,496)
year
Total funds brought forward 10,543 117,910 128,453 135,949
Total funds carried forward 10,543 118,994 129,537 128,453
**----- End of picture text -----**
All of the results relate to continuing activities
The notes on pages 7 to 10 form part of these financial statements
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## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL (NO.327) BRANCH**
## **Statement of Assets and Liabilities at 31 December 2020**
**----- Start of picture text -----**
Notes 2020 2019
£ £
Fixed assets
Tangible assets 5 71,470 73,580
Current assets
Cash at bank in hand
Current treasurers 46,316 48,841
Wings appeal 3,740 71
Other debtor 2,050
Welfare 7,961 7,961
60,067 56,873
Current liabilities
Other creditors 2,000 2,000
2,000 2,000
Total Assets 129,537 128,453
Funds
Unrestricted funds 6 118,994 117,910
Restricted funds 7 10,543 10,543
Total Funds Carried Forward 8 129,537 128,453
**----- End of picture text -----**
Approved by the trustees on xx/xx/xxxx and signed on their behalf by:
**T Gill Chairman**
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## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL (NO.327) BRANCH**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1 Accounting policies**
The principal accounting policies which are adopted consistently in the preparation of the financial statements are set out below.
The financial statements have been prepared on a receipts and payments basis in accordance with section 133 of the Charities Act 2011, and as required by RAF HQ. Hence no adjustment is made for prepayments or accruals.
## **a) Tangible fixed assets and depreciation**
Land and buildings are included in the balance sheet at cost. No provision is made for their depreciation. Equipment, fixtures and fittings are depreciated at 20% straight line method.
## **b) VAT**
The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.
## **c) Fund accounting**
The funds held by the charity are either:
- l _Unrestricted general funds_ - these are funds which can be used in accordance with the charitable objectives at the discretion of the trustees.
- l _Designated funds_ - these are funds set aside by the trustees out of the unrestricted funds for specific future purposes or projects.
- l _Restricted funds_ - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
- l _Endowment funds_ - these are funds that represent assets which must be held permanently by the charity. Income arising from the endowment fund can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.
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## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL**
## **(NO.327) BRANCH**
## **Notes to the Financial Statements for the Year Ended 31 December 2020 (continued)**
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2 Receipts income
2020 2019
£ £
Subscriptions
Ordinary 1,365 2,386
Less: Remitted to HQ
HQ Rebate 470
Branch associate members 4,714 3,921
Less: Remitted to club (4,714) (3,921)
1,365 2,856
Other
Wings appeal 2,398 7,018
-
HMRC Receipts 15,911
- -
Welfare appeal (restricted)
Rent received 6,900 6,900
25,209 13,918
Total 26,574 16,774
3 Allocation of payments
2020 2019
£ £
Donations 5,000 12
-
Wings Appeal 10,000
Repairs and renewals 1,802 5,870
Stationery, photocopier, promotion and newsletters 207 1,167
Insurance 1,887 -
Transfers to club 11,812
Gardening 165 341
Entertaining 456 180
Accountancy 1,872 1,716
Computer - 811
-
Subscriptions 1,836
Depreciation 2,110 2,110
Bank charges 179 227
25,490 24,270
**----- End of picture text -----**
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## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL**
## **(NO.327) BRANCH**
## **Notes to the Financial Statements**
## **for the Year Ended 31 December 2020 (continued)**
## **4 Taxation**
The charity is exempt from Corporation Tax on its charitable activities.
## **5 Tangible fixed assets**
|**Cost:**
At 1 January 2020
Additions
At 31 December 2020
**Depreciation:**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book value:**
At 31 December 2020
At 31 December 2019
**Unrestricted funds**
Wings appeal
Other
General fund||Balance at
1 January
2020
(3,301)
(9,227)
130,438
117,910||Incoming
receipts
2,398
24,176
26,574||**Land**
**and**
**buildings**
**£**
69,360
69,360
-
-
-
69,360
69,360
Outgoing
payments
-
(25,490)
(25,490)|**Equipment**
**fixtures and**
**fittings**
**£**
10,550
10,550
6,330
2,110
8,440
2,110
4,220
Transfers
-||**Total**
**£**
79,910
-
79,910
6,330
2,110
8,440
71,470
73,580
Balance at|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||||||||31
December|
||||||||||2020
(903)
(10,541)
130,438
118,994|
## **6 Unrestricted funds**
8
**Notes to the Financial Statements for the Year Ended 31 December 2020 (continued)**
## **THE ROYAL AIR FORCES ASSOCIATION WITHAM & RIVENHALL (NO.327) BRANCH**
**----- Start of picture text -----**
7 Restricted funds
Balance at Incoming Outgoing Transfers Balance at
1 January receipts payments 31
2020 December
2020
- - -
Brought forward balance 10,543 10,543
Carried forward balance 10,543 - - - 10,543
8 Analysis of net assets among funds
Restricted General
funds funds 2020 2019
£ £ £ £
Fund balances at 31 December 2019
are represented by:
-
Tangible fixed assets 71,470 71,470 73,580
Net current assets 10,543 47,524 58,067 54,873
10,543 118,994 129,537 128,453
**----- End of picture text -----**
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