## **RN TROPHY FUND** ## **STATEMENT OF ASSETS AND LIABILITIES** ## **31-Mar-22** |**_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|25,911,962.00
£
69.00
£|_25,895,030.00_
_£_
_102.00_
_£_
25,912,031.00
£
_25,895,132.00_
_£_
_191,430.23_
_£_
_101,523.22_
_£_
_31.00_
_£_
_9,754.00_
_£_
_302,738.45_
_£_
_175.00_
_£_
_175.00_
_£_
310,946.20
£
_302,563.45_
_£_
**26,222,977.20**
**£**
**_26,197,695.45_**
**_£_**
26,205,977.20
£
_26,175,195.45_
_£_
17,000.00
£
_22,500.00_
_£_
**26,222,977.20**
**£**
**_26,197,695.45_**
**_£_**
_31-Mar-21_|_25,895,030.00_
_£_
_102.00_
_£_
25,912,031.00
£
_25,895,132.00_
_£_
_191,430.23_
_£_
_101,523.22_
_£_
_31.00_
_£_
_9,754.00_
_£_
_302,738.45_
_£_
_175.00_
_£_
_175.00_
_£_
310,946.20
£
_302,563.45_
_£_
**26,222,977.20**
**£**
**_26,197,695.45_**
**_£_**
26,205,977.20
£
_26,175,195.45_
_£_
17,000.00
£
_22,500.00_
_£_
**26,222,977.20**
**£**
**_26,197,695.45_**
**_£_**
_31-Mar-21_| |---|---|---|---| ||189,075.57
£
101,535.28
£
86.75
£
20,423.60
£||| ||311,121.20
£
175.00
£||| ||175.00
£||| ||||**_26,197,695.45_**
**_£_**| ||||_26,175,195.45_
_£_
_22,500.00_
_£_| ||||**_26,197,695.45_**
**_£_**| Approved on 29 May 2022 on behalf of the Trustees ## Signed on Original Commodore J J Bailey ADC Royal Navy 1 ## **RN TROPHY FUND** ## **Receipts and Payments Summary** **1 Apr 21 - 31 Mar 22** |**_Investment Account Area_**
Receipts
Deposit Account Interest
Payments
Silver Purchases
9,500.00
£
Picture/Painting Purchases
2,000.00
£
Other Purchases
-
£
Payments exceed Receipts
**_General Hire Account Area_**
Receipts
Hire Fees
24,316.16
£
Payments for losses & damage
15.45
£
Payments
Silver Repairs
300.00
£
Painting Repairs
937.31
£
Other Repairs
9,506.00
£
BRNC Valuation
360.00
£
Insurance
2,502.70
£
Valuation - Russian Artefacts
1,048.22
£
Trustee Meeting
21.65
£
Bank Charges
40.60
£
Leaving Presentation
64.04
£
Account Examinations
350.00
£
Receipts exceed Payments
Bank & Cash Balances @ 1 Apr 21
Investment Area - Payments exceed Receipts
General Hire Area - Receipts exceed Payments
Bank & Cash Balances @ 31 Mar 22|12.06
£
_117.71_
_£_
_17,942.00_
_£_
_1,000.00_
_£_
_297.00_
_£_
11,500.00
£
_19,239.00_
_£_
(11,487.94)
£
_(19,121.29)_
_£_
_25,411.25_
_£_
_554.33_
_£_
24,331.61
£
_25,965.58_
_£_
_1,109.95_
_£_
_1,242.00_
_£_
_-_
_£_
_-_
_£_
_2,550.20_
_£_
_-_
_£_
_-_
_£_
_-_
_£_
_-_
_£_
_350.00_
_£_
15,130.52
£
_5,252.15_
_£_
9,201.09
£
_20,713.43_
_£_
292,984.45
£
(11,487.94)
£
9,201.09
£
290,697.60
£
_Previous Year_|12.06
£
_117.71_
_£_
_17,942.00_
_£_
_1,000.00_
_£_
_297.00_
_£_
11,500.00
£
_19,239.00_
_£_
(11,487.94)
£
_(19,121.29)_
_£_
_25,411.25_
_£_
_554.33_
_£_
24,331.61
£
_25,965.58_
_£_
_1,109.95_
_£_
_1,242.00_
_£_
_-_
_£_
_-_
_£_
_2,550.20_
_£_
_-_
_£_
_-_
_£_
_-_
_£_
_-_
_£_
_350.00_
_£_
15,130.52
£
_5,252.15_
_£_
9,201.09
£
_20,713.43_
_£_
292,984.45
£
(11,487.94)
£
9,201.09
£
290,697.60
£
_Previous Year_| |---|---|---| |||_(19,121.29)_
_£_| |||_25,965.58_
_£_
_5,252.15_
_£_| |||_20,713.43_
_£_| |||| 2 ## **RN TROPHY FUND** ## **Notes to the Accounts dated 31 Mar 22** ## **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 21/22
Outstanding loan payments 20/21
Outstanding loan payments 19/20
Insurance prepaid|2,333.60
£
11,425.00
£
4,847.00
£
462.00
£
1,356.00
£| |---|---| ||20,423.60
£| ## **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
Portsmouth NB|10,000.00
£
3,000.00
£
4,000.00
£| |---|---| ||17,000.00
£| ## **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. 3