RN TROPHY FUND
STATEMENT OF ASSETS AND LIABILITIES
31-Mar-21
31-Mar-20
Assets
| Fixed Assets Notes Trophies 5 Fund Property Total Fixed Assets Current Assets Current Accounts Charities Deposit Account Petty Cash Misc Debtors & Prepayments 3 Total Current Assets Current Liabilities Account Examination Net Current Assets Net Assets Represented by: General Purposes Fund Commissioning Grants Fund 4 |
25,895,030.00 £ 102.00 £ |
25,853,556.00 £ 102.00 £ 25,895,132.00 £ 189,955.80 £ 101,405.51 £ 31.00 £ 8,390.00 £ 299,782.31 £ 175.00 £ 175.00 £ 302,563.45 £ 26,197,695.45 £ 26,175,195.45 £ 22,500.00 £ 26,197,695.45 £ |
25,853,658.00 £ 299,607.31 £ |
|---|---|---|---|
| 191,430.23 £ 101,523.22 £ 31.00 £ 9,754.00 £ |
|||
| 302,738.45 £ 175.00 £ |
|||
| 175.00 £ |
|||
| 26,153,265.31 £ |
|||
| 26,123,265.31 £ 30,000.00 £ |
|||
| 26,153,265.31 £ |
Approved on 29 May 2021 on behalf of the Trustees
Signed on Original
Commodore J J Bailey ADC Royal Navy
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RN TROPHY FUND
Receipts and Payments Summary
1 Apr 20 - 31 Mar 21
| Investment Account Area Receipts Deposit Account Interest Payments Silver Purchases 17,942.00 £ Picture/Painting Purchases 1,000.00 £ Other Purchases 297.00 £ Payments exceed Receipts General Hire Account Area Receipts Hire Fees 25,411.25 £ Payments for losses & damage 554.33 £ Payments Silver Repairs 1,109.95 £ Painting Repairs 1,242.00 £ Other Repairs - £ Insurance 2,550.20 £ Hospitality - £ Trustee Meeting - £ Account examinations 350.00 £ Receipts exceed Payments Bank & Cash Balances @ 1 Apr 20 Investment Area - Payments exceed Receipts General Hire Area - Receipts exceed Payments Bank & Cash Balances @ 31 Mar 21 |
117.71 £ 561.78 £ 11,461.84 £ 6,995.00 £ 295.00 £ 19,239.00 £ 18,751.84 £ (19,121.29) £ (18,190.06) £ 27,224.15 £ 28.42 £ 25,965.58 £ 27,252.57 £ 6,802.66 £ 561.35 £ 11.90 £ 2,550.20 £ 37.69 £ 32.79 £ 350.00 £ 5,252.15 £ 10,346.59 £ 20,713.43 £ 16,905.98 £ 291,392.31 £ (19,121.29) £ 20,713.43 £ 292,984.45 £ Previous Year |
117.71 £ 561.78 £ 11,461.84 £ 6,995.00 £ 295.00 £ 19,239.00 £ 18,751.84 £ (19,121.29) £ (18,190.06) £ 27,224.15 £ 28.42 £ 25,965.58 £ 27,252.57 £ 6,802.66 £ 561.35 £ 11.90 £ 2,550.20 £ 37.69 £ 32.79 £ 350.00 £ 5,252.15 £ 10,346.59 £ 20,713.43 £ 16,905.98 £ 291,392.31 £ (19,121.29) £ 20,713.43 £ 292,984.45 £ Previous Year |
|---|---|---|
| (18,190.06) £ |
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| 27,252.57 £ 10,346.59 £ |
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| 16,905.98 £ |
||
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RN TROPHY FUND
Notes to the Accounts dated 31 Mar 21
Note 1 - Accounting Policy
The accounts have been prepared on a receipts and payments basis
Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011. The Trustees have elected to take advantage of the provisions that apply to small charities and have arranged for Receipts and Payments accounts and Statements of Assets and Liabilities to be prepared
Note 2 - Investments
None held
Note 3 - Misc Debtors
| Outstanding 2260 payments Outstanding loan payments 20/21 Outstanding loan payments 19/20 Insurance prepaid |
513.00 £ 6,918.00 £ 942.00 £ 1,381.00 £ |
|---|---|
| 9,754.00 £ |
Note 4 - Commssioning and Other Grants
Funds set aside for the next 12 months for trophies and oil painting for following ships and establishments. Up to £10,000 for new ships.
| HMS Anson HMS Medway HMS Tamar |
10,000.00 £ 3,000.00 £ 9,500.00 £ |
|---|---|
| 22,500.00 £ |
Note 5 - Trophies
It has been established that the trophies held are the property of the Royal Navy Trophy Centre. The Trophy Centre has control of all trophies but the bulk of trophies are held at other sites, which are responsible for security and insurance. The items held in the Trophy Centre are insured for £2,600,000 with £50,000 cover for items in transit.
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