2021-12-31-accounts - The Royal Artillery Association

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Trustee and Administrative Information	Trustee and Administrative Information
Trustee's Report		2-8
Independent Auditors'	Report	9-12
Statement of Financial	Activities	13
Balance Sheet
Cash Flow Statement		15
Notes to the Financial	Statements	16-21

ncome and ex endi	ture
						2021		2020
					Note	f		f
Income
Donations 8E Legacies incl Subscriptions						49,920		776,079
Investment income						27,460		25,515
Registration fees						680		1,031
Other Income						2,924		1,730
Total of Income							80,984		804,355
Branch events and	subscriptions						67,446		78,231
Total income							148,430		882,586
~Ex enditure
Raising funds Charitable activities							2,184 155,101		40 103,420
Branch expenditure							63,376		64,070
Total ex enditure							220,661		167,530
Net (expenditure)/Income		before		gains	on		(72,231)		715,056
investments
Net gains/(losses)	on investments						111,708		(12,904)
Net Income and net movement			in	funds			39,477		702,152
Total funds brought forward							2,014,416		1,312,264
Total funds carried forward							2,053,893		2,014,416

					2021	2020
			Note		f
Net cash used in operating activities					547,535	(3,553)
Cash flows from investin activities
Dividends, interest and rents from investments					27,460	25,515
Purchase of investments					(1,203,581)	(368,167)
Proceeds from sale of investments					1,203,520	368,027
Net cash used in investing activities					27,399	25,375
Net increase in cash R cash equivalents					574,934	21,822
Cash 5 cash equivalents at the beginning		ofthe year			285,306	263,484
Cash and cash equivalents at end ofthe		year			860,240	285,306
Notes to the cash flow statement
1. Reconciliation of net movement in funds to net cash flow from operating activities					2021 f	2020 f
Net movement in funds					39,477	702,152
(Gain)/loss on investments					(111,708)	12,904
Investment income					(27,460)	(25,515)
(Increase)/Decrease in debtors					614,958	(691,141)
(Decrease)/increase in creditors					32,268	(1,953)
Net cash used in operating activities					547,535	(3,553)
2. Analysis ofcash and cash equivalents				At 1Jan	Cash	At 31	Dec
and net debt				2021	flow	2021
				f	f		f
Cash on short term deposit				30,552	568,184	598,736
Cash current account				6,796	4,169	10,965
Cash held by branches				246,257	4,070	250,327
Cash balance before investments				283,605	576,423	860,028
Cash held in Investments				1,701	(1,489)		212
Net cash provided by operating	activities			285,306	576,934	860,240

5	~Raisin funds					2021	2020 f
	Investment Management		Fees			2184
	Fundraising costs						40
						2,184	40
6	Charitable activities					2021 f	2020
	RA Assembly						100
	RA Assembly Awards					453	8
	NMA					2,543	488
	Gunner Sunday					1,674	49
	RAA 100						3,582
	NMA Maintenance					32,488
	Regimental Welfare/Comradeship					23,024	8,435
	Mansergh Award					1,100
	Miscellaneous grants	under		E1,000		1,000	1,000
						62,282	13,662
	Support costs to Charitable			Activities:
	Administrative Salaries recharges				by RACF	53,898	52,307
	Employer Pension Contribution Wages in l&ind					2,614 13,005	2,548 12,954
						69,517	67,809
	Travelling and subsistence			(incl. SB)		6,669	1,741
	NEC, Regional Reps,	District travel			gf subsistence		1,264
	Branch travel					3,481	559
	Office costs (incl. publicity			R. postage)		6,340	6,854
	Publicity					212	1,609
	Miscellaneous costs					2,922	2,948
	Governance costs:
	Legal fees (including	trustee training)				168	3,156
	Professional Fees						296
	Audit					3,510	3,522
						23,302	21,949
	Total charitable activities					155,101	103,420


7	Fixed assets investments						2021	2020
							f	f
	Quoted investments:
	Market value at 1January						1,071,871	1,084,604
	Net additions/cash movements		at cost				1,203,581	368,167
	Sale Proceeds —Investments						(1,203,520)	(368,027)
	Net realised/ unrealised	investment		gains/(losses)			111,708	(12,904)
	Aliquot Changes
	Cash Commitments						(1,489)		30
	Market value at 31December		2021				1,182,151	1,071,871
	Historical cost at 31December		2021				1,072,003	1,004,215
There	are no individual holdings	which	are considered			to be significant.
8	Debtors						2021	2020
							f	f
	RAGCT —Gift Aid						27	29
	Accrued Service Giving Income						3,364	3,403
	Legacies Receivable						76,223	691,140
							79,614	694,572
							2021	2020
9	Cash on Short term De osit						f	f
	Lloyds TSB Banl& PLC —Current		account				10,965	6,796
	Lloyds TSB Banl& PLC —Deposit		account				598,736	30,552
							609,701	37,348
10	Creditors -amounts fallin	due	within	one	ear		2021	2020
							f	f
	RA Charitable Fund						34,295	33,538
	Creditors and accruals						33,605	2,094
							67,900	35,632