| Trustee and Administrative Information | 1 |
|---|---|
| Trustee’s Report | 2-9 |
| Independent Auditors’ Report | 10-13 |
| Statement of Financial Activities | 14 |
| Balance Sheet | 15 |
| Cash Flow Statement | 16 |
| Notes to the Financial Statements | 17-23 |
| Income and expenditure | ||||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Note | £ | £ | ||||
| Income | ||||||
| Donations & Legacies incl Subscriptions Investment income |
||||||
| Registration fees Other Income |
3 4 |
918 3,932 |
||||
| Total of Income | 804,355 | 173,759 | ||||
| Branch events and subscriptions | 78,231 | 146,713 | ||||
| Total income | 882,586 | 320,472 | ||||
| Expenditure | ||||||
| Raising funds Charitable activities Branch expenditure |
||||||
| Total expenditure | ||||||
| Net income/(expenditure) before gains | on | 715,056 | (21Д04) | |||
| investments | ||||||
| Net (losses)/gains on investments | (12,904) | 125,849 | ||||
| Net income | 702,152 | 104,745 | ||||
| Net movement in funds | 702Д52 | 104,745 | ||||
| Reconciliation of funds | ||||||
| Total funds brought forward | 1,312,264 | 1,207,519 | ||||
| Total funds carried forward | 2,014,416 | 1,312,264 |
| Note | Note | 2020 | 2019 | |||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Fixed assets | ||||||
| Investments | 1,071,871 | 1,084,604 | ||||
| Current assets | ||||||
| Debtors | 8 | 694,572 | 3,431 | |||
| Cash | 9 | 37,348 | 29,811 | |||
| Branch cash | 246,257 | 232,003 | ||||
| 978,177 | 265,245 | |||||
| Current liabilities | ||||||
| Creditors: Amounts falling due within one | 10 | (35,632) | (37,585) | |||
| year | ||||||
| (35,632) | (37,585) | |||||
| Net current assets | 942,545 | 227,660 | ||||
| Net assets | 2,014,416 | 1,312,264 | ||||
| Funds | ||||||
| Unrestricted | 11 | 2,014,416 | 1,312,264 | |||
| 2,014,416 | 1,312,264 | |||||
| Approved by the trustee on | June 2021 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Note | І | £ | |||
| Net cash used in operating activities | (3,553) | (31,315) | |||
| Cash flows from investing activities | |||||
| Dividends, interest and rents from investments Purchase of investments |
|||||
| Proceeds from sale of investments | |||||
| Net cash used in investing activities | 25,375 | 24,898 | |||
| Net (decrease)/ increase in cash & cash equivalents Cash & cash equivalents at the beginning of the year |
|||||
| Cash and cash equivalents at end of the year | 2 | 285,306 | 263,484 | ||
| Notes to the cash flow statement | |||||
| Reconciliation of net movement in funds to net | 2020 | 2019 | |||
| cash flow from operating activities | £ | £ | |||
| Net movement in funds | 702Д52 | 104,745 | |||
| (Gain)/loss on investments | 12,904 | (125,849) | |||
| Investment income | (25,515) | (21,372) | |||
| (lncrease)/Decrease in debtors | (691,141) | 21,375 | |||
| (Decrease)/increase in creditors | (1,953) | (10,214) | |||
| Net cash used in operating activities | (3,553) | (31,315) | |||
| Analysis of cash and cash equivalents 2. |
At 1 Jan | Cash | At 31 | Dec | |
| and net debt | 2020 | flow | 2020 | ||
| £ | £ | £ | |||
| Cash on shortterm deposit Cash current account |
|||||
| Cash held by branches Cash balance before investments Cash held in Investments Net cash provided by operating activities |
| Donations & Legacies find subscriptions) | 2020 | 2019 |
|---|---|---|
| £ | £ |
| Registration fees | 2020 | 2019 |
|---|---|---|
| £ | £ | |
| Current year | 1,031 | 915 |
| Ladies section fees | 3 | |
| 1,031 | 918 | |
| Other Income | 2020 | 2019 |
| £ | £ | |
| RAA Event Income | 1,865 | |
| Merchandise Income Christmas Card Income Bank Interest |
| 5 | Raising funds | 2020 | 2019 |
|---|---|---|---|
| £ | £ | ||
| Investment Management Fee | 918 | ||
| Fundraising costs | 40 | ||
| 40 | 918 | ||
| 6 | Charitable activities | 2020 | 2019 |
| £ | £ | ||
| RA Assembly | |||
| RA Assembly Awards | |||
| NMA | |||
| St Barbaras Day Gunner Sunday RAA 100 Regimental Welfare/Comradeship Joan Wanklyn Prize |
|||
| Miscellaneous grants under £1,000 | |||
| Support costs to Charitable Activities: | |||
| Administrative Salaries recharges by RAC F | 52,307 | 53,914 | |
| Employer Pension Contribution | 2,548 | 4,485 | |
| Wages in kind | 12,954 | 12,338 | |
| 67,809 | 70,737 | ||
| Travelling and subsistence (incl. SB) NEC, Regional Reps, District travel & subsistence |
|||
| Branch travel Office costs (incl. publicity & postage) |
|||
| Website Publicity Miscellaneous costs |
|||
| Governance costs: | |||
| Legal fees (including trustee training) | |||
| Professional Fees Audit Audit Under Provision 2019 |
|||
| Total charitable activities | 103,420 | 184,088 |
| 7 | Fixed assets investments | 2020 | 2019 |
|---|---|---|---|
| £ | £ | ||
| Quoted investments: | |||
| Market value at 1 January | 1,084,604 | 960,611 | |
| Net additions/cash movements at cost | 368Д67 | 226,940 | |
| Sale Proceeds - Investments | (368,027) | (224,842) | |
| Net realised/ unrealised investment gains/(losses) | (12,904) | 125,849 | |
| Aliquot Changes | |||
| Cash Commitments | 30 | (3,954) | |
| Market value at 31 December 2020 | 1,071,871 | 1,084,604 | |
| Historical cost at 31 December 2020 | 1,004,215 | 953,291 | |
| There | are no individual holdings which are considered to be significant. | ||
| 8 | Debtors | 2020 | 2019 |
| £ | £ | ||
| RAGCT-Gift Aid | 29 | 32 | |
| Accrued Service Giving Income | 3,403 | 3,399 | |
| Legacies Receivable | 691,140 | ||
| 694,572 | 3,431 |
| In | previous year, the related entity debtors and creditors were shown gross, in current year they have been | previous year, the related entity debtors and creditors were shown gross, in current year they have been | previous year, the related entity debtors and creditors were shown gross, in current year they have been |
|---|---|---|---|
| netted off where appropriate. | |||
| 2020 | 2019 | ||
| Cash on Short term Deposit | £ | ||
| Lloyds TSB Bank PLC - Current account Lloyds TSB Bank PLC - Deposit account |
|||
| 37,348 | 29,811 | ||
| 10 | Creditors - amounts falling due within one year | 2020 | 2019 |
| £ | £ | ||
| RA Charitable Fund | 33,538 | 33,369 | |
| Creditors and accruals | 2,094 | 3,216 | |
| Sundry Creditors | 1,000 | ||
| 35,632 | 37,585 |
| Net | |||
|---|---|---|---|
| Investments | Current assets | Total | |
| £ | £ | £ | |
| Unrestricted funds: | |||
| General Ladies Section Amenities Branches |
| Net | |||
|---|---|---|---|
| Investments | Current assets | Total | |
| £ | £ | £ | |
| Unrestricted funds: | |||
| General Ladies Section Amenities Branches |
(5Д35) |