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|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|
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|**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|
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||**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||||||
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||||**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||||||
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|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|||
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|**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|
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|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|
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||||**Net**|
|---|---|---|---|
||**Investments**|**Current** **assets**|**Total**|
||**£**|**£**|**£**|
|**Unrestricted** **funds:**||||
|General
Ladies Section Amenities
Branches||||
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||||**Net**|
|---|---|---|---|
||**Investments**|**Current** **assets**|**Total**|
||**£**|**£**|**£**|
|**Unrestricted** **funds:**||||
|General
Ladies Section Amenities
Branches|(5Д35)|||
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