2024-12-31-accounts - The Royal Artillery Association

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`TrusteeandAdministrativeInformation`	`1`
`Trustee’sReport`	`2-8`
`IndependentAuditors’Report`	`9-12`
`StatementofFinancialActivities`	`13`
`BalanceSheet`	`14`
`CashFlowStatement`	`15`
`NotestotheFinancialStatements`	`16-22`

						`UnrestrictedFunds`
`Incomeandexpenditure`
			`Note`			`2024`	`2023`
					`£`	`£`
`Income`
`Donations& LegaciesinclSubscriptions`				`2`	`93,580`
`Investmentincome`					`21,087`
`OtherIncome`				`3`	`7,895`
`TotalofIncome`						`122,562`		`127,128`
`Brancheventsandsubscriptions`						`121,418`		`142,522`
`Totalincome`						`243,980`		`269,650`
`Expenditure`
`Charitableactivities` `Branchexpenditure` `Totalexpenditure`				`4`		`228,736` `117,785` `346,521`		`202,312` `122,711` `325,023`
`Net(expenditure)`	`before`	`gains`	`on`			`(102,541)`		`(55,373)`
`investments`
`Net(losses)/gainsoninvestments`						`83,777`		`61,292`
`NetIncomeandnet`	`movement`	`infunds`				`(18,764)`		`5,919`
`Totalfundsbrought`	`forward`					`1,867,248`		`1,861,329`
`Totalfundscarried`	`forward`					`1,848,484`		`1,867,248`

			`2024`	`2023`
	`Note`		`£`	`£`
`Netcashusedinoperatingactivities`	`1`		`(136,627)`	`(70,237)`
`Cashflowsfrominvestingactivities`
`Dividends,interestandrentsfrominvestments`			`21,087`	`21,114`
`Purchaseofinvestments` `Proceedsfromsaleofinvestments`			`(443,446)` `444,038`	`(835,838)` `837,770`
`Netcashusedininvestingactivities`			`21,679`	`23,046`
`Netincreaseincash& cashequivalents`			`(114,948)`	`(47,191)`
`Cash& cashequivalentsatthebeginningoftheyear`			`785,552`	`832,743`
`Cashandcashequivalentsatendoftheyear`	`2`		`670,604`	`785,552`
`Notestothecashflowstatement`
`1.` `Reconciliationofnetmovementinfundstonet`			`2024`	`2024`
`cashflowfromoperatingactivities`			`£`	`£`
`Netmovementinfunds`			`(18,764)`	`5,919`
`Loss/(gain)oninvestments` `Investmentincome`			`(83,777)` `(21,087)`	`(61,292)` `(21,114)`
`Decreaseindebtors`			`A17`	`(646)`
`(Decrease)/increaseincreditors`			`(13,416)`	`6,896`
`Netcashusedinoperatingactivities`			`(136,627)`	`(70,237)`
`2.` `Analysisofcashandcashequivalents`		`AtiJan`	`Cash`	`At31`	`Dec`
`andnetdebt`		`2024`	`flow`		`2024`
		`£`	`£`		`£`
`Cashonshorttermdeposit` `Cashcurrentaccount`		`523,771` `(457)`	`(123,868)` `4,469`	`399,903` `4,012`
`Cashheldbybranches` `Cashbalancebeforeinvestments`		`257,706` `781,020`	`3,633` `(115,766)`	`261,339` `665,254`
`CashheldinInvestments`		`4,532`	`818`	`5,350`
`Netcashprovidedbyoperatingactivities`		`785,552`	`(114,948)`	`670,604`

`2`	`Donations& Legacies(inclsubscriptions)`	`2024`		`2023`
		`£`		`£`
	`Servingregiment(ServicepayGivingScheme)`	`41,721`		`40,392`
	`Legacies`		`z`	`3,794`
	`GeneralDonations`	`7,961`		`4,573`
	`Donations— RACF`	`28,774`		`35,841`
	`Donations— BranchLiaisonOfficer`
	`IntangibleIncome— WagesinKind`	`15,124`		`14,288`
		`93,580`		`98,888`
`3`	`OtherIncome`	`2024`		`2023`
		`£`		`£`
	`RAAEventIncome`	`1,050`		`1,375`
	`MerchandiseIncome`	`52`		`154`
	`ChristmasCardIncome`	`942`		`766`
	`BankInterest`	`5,851`		`4,831`
		`7,895`		`7,126`

`Charitableactivities`	`2024`	`2023`
	`£`	`£`
`RAAssembly`	`7,750`	`6,221`
`RAAssemblyAwards`	`483`	`325`
`NMA`	`5,726`	`5,220`
`GunnerSunday`	`1,381`	`1,399`
`RAA100`	`6,884`	`10,416`
`NMAMaintenance`	`3,324`		`-`
`RegimentalWelfare/Comradeship`	`28,774`	`35,841`
`ManserghAward`	`2,056`	`587`
`GranttoRAM`	`39,400`	`5,000`
`Miscellaneousgrants`	`1,146`	`4,147`
	`96,924`	`69,156`
`SupportcoststoCharitableActivities:`
`AdministrativeSalariesrechargesbyRACF`	`59,365`	`59,318`
`EmployerPensionContribution`	`5,282`	`5,042`
`Wagesinkind`	`15,124`	`14,288`
	`79,771`	`78,648`
`Travellingandsubsistence(incl.StandardBearers)`	`13,309`	`15,155`
`NEC,RegionalReps,Districttravel& subsistence`	`3,031`	`2,125`
`Branchtravel`	`19,659`	`20,556`
`Officecosts(incl.publicity& postage)`	`7,857`	`10,632`
`Publicity`	`1,542`	`339`
`Miscellaneouscosts`	`2,096`	`1,141`
`Governancecosts:`
`ProfessionalFees`
`Audit`	`4,547`	`4,560`
	`52,041`	`54,508`
`Totalcharitableactivities`	`228,736`	`202,312`

`5`	`Fixedassetsinvestments`	`2024`	`2023`
		`£`	`£`
	`Quotedinvestments:`
	`Marketvalueat1 January`	`1,121,793`	`1,058,128`
	`Netadditions/cashmovementsatcost` `SaleProceeds— Investments`	`443,446` `(444,038)`	`835,838` `(837,770)`
	`Netrealised/unrealisedinvestmentgains/(losses)`	`83,777`	`61,292`
	`CashCommitments`	`819`	`4,305`
	`Marketvalueat31December2024`	`1,205,797`	`1,121,793`
	`Historicalcostat31December2024`	`1,043,451`	`1,020,133`
`There`	`arenoindividualholdingswhichareconsideredtobesignificant.`
`6`	`Debtors`	`2024`	`2023`
		`£`	`£`
	`RAGCT— GiftAid`	`19`	`13`
	`AccruedServiceGivingIncome`	`3,533`	`3,479`
	`RACF`	`73`	`550`
		`3,625`	`4,042`
		`2024`	`2023`
`7`	`CashonShorttermDeposit`	`£`	`£`
	`LloydsTSBBankPLC— Currentaccount`	`4,012`	`(457)`
	`LloydsTSBBankPLC— Depositaccount`	`399,903`	`523,771`
		`403,915`	`523,314`
`8`	`Creditors- amountsfallingduewithinoneyear`	`2024`	`2023`
		`£`	`£`
	`RACharitableFund`	`21,685`	`34,917`
	`Creditorsandaccruals`	`4,507`	`4,690`
		`26,192`	`39,607`

`=Analysisofnetassetsbetweenfunds`
				`Net`
	`Investments`		`Currentassets`	`Total`
	`£`		`£`	`£`
`Unrestrictedfunds:`
`General`	`1,205,797`		`380,556`	`1,586,353`
`LadiesSectionAmenities`	`-`		`792`	`792`
	`1,205,797`		`381,348`	`1,587,145`
`Designatedfunds:`
`Branches`	`-`		`261,339`	`261,339`
	`1,205,797`		`642,687`	`1,848,484`
`2023Comparison`
				`Net`
	`Investments`		`Currentassets`	`Total`
	`£`		`£`	`£`
`Unrestrictedfunds:`
`General`	`1,121,793`		`486,957`	`1,608,750`
`LadiesSectionAmenities`		`-`	`792`	`792`
	`1,121,793`		`487,749`	`1,609,542`
`Designatedfunds:`
`Branches`	`-`		`257,706`	`257,706`
	`1,121,793`		`745,455`	`1,867,248`