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||||Page|
|---|---|---|---|
|Trustees'report|||1-4|
|Independent|auditor's|report|5
7|
|Statement
of|financial|activities||
|Balance sheet||||
|Notes to the financial||statements|10-11|
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|Trustees||Colonel C.Stagg OBE|Colonel C.Stagg OBE|||
|---|---|---|---|---|---|
|||Lady Rachel Iohnstone-Burt||||
|||Mr M.V. Ormiston||(Appointed|28 October 2021)|
|||Mr MJ. Felstead||(Appointed|28 October 2021)|
|||Major M.D. Randall||(Appointed|28 October 2021)|
|||Mr S.D. Lovelock||(Appointed|28 October 2021)|
|||Mr Pik Layden TD KC||(Appointed|16February 2023)|
|Charity number||251499||||
|Principal address||London Scottish House||||
|||95 Horseferry
Road||||
|||London||||
|||SW1P 2DX||||
|Auditor||Gilberts Chartered|Accountants|||
|||Pendragon
House||||
|||69 London Road||||
|||St Albans||||
|||Hertfordshire||||
|||AL1 1U||||
|Bankers||Royal Bank ofScotland||||
|||Holt's Farnborough|Branch|||
|||Lawrie House||||
|||Victoria Road||||
|||Farnborough||||
|||GU147NR||||
|Investment|advisors|RBC Brewin Dolphin|Limited|||
|||12Smithfield
Street||||
|||London||||
|||EC1A 9LA||||
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|Unrestricted
income|2022|2021|
|---|---|---|
|London Scottish 1990Fund|||
|London Scottish 1995Charity|||
|Donations
from individuals|5,331|4,000|
|Other income|30,358|30,344|
|Totalincome|35,689|34,344|
|Totalfunds||||2022|2021|
|---|---|---|---|---|---|
|Endowment|and|restricted|funds|15,356,703|15,356,626|
|Unrestricted|fund|(deficit)||(2,386,213)|(1,983,363)|
|Totalfunds||||12,970,490|13,373,263|
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|||||Unrestricted|Endowment|Total|Unrestncted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2022|2022|2022|2021|2021|2021|
||||Notes|E|E|E|E|E|E|
|Income from:||||||||||
|Donations and|legacies|||5,331||5,331|4,000||4,000|
|Investments||||30,358||30,358|30,344||30,344|
|Other income|||||||(795,000)|795,000||
|Total income and||endowments||35,689||35,689|(760,656)|795,000|34,344|
|w
ch||||||||||
|Raising funds|||5|54,367||54,367|84,929||84,929|
|Charitable
activities|||6|384,172||384,172|274,148|225,983|500,131|
|Other|||||48|48||47|47|
|Total expenditure||||438,539|48|438,587|359,077|226,030|585,107|
|Net gains/(losses)||on||||||||
|investments|||||125|||2,038|2,038|
|Net movement|in|funds||(402,850)|77|(402,773)|(1,119,733)|571,008|(548,725)|
|Fund balances|at|1April 2021||(1,983,363)|15,356,626|13,373,263|(863,630)|14,785,618|13,921,988|
|Fund balances|at|31March 2022||(2,386,213)|15,356,703|12,970,490|(1,983,363)|15,356,626|13,373,263|
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||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
||||||||as restated||
||||||Notes||E||
|Fixed assets|||||||||
|Tangible assets||||||15,075,840||15,122,030|
|Investments||||||13,425||13,397|
|||||||15,089,265||15,135,427|
|Current assets|||||||||
|Debtors|||||458||458||
|Cash at bank||and in|hand||80,739||402,046||
||||||81,197||402,504||
|Creditors: amounts|||falling due within||one||||
|year|||||(999,972)||(964,668)||
|Net current|liabilities|||||(918,775)||(562,164)|
|Total assets||less current||liabilities||14,170,490||14,573,263|
|Creditors: amounts|||falling due after more||||||
|than one year||||||(1,200,000)||(1,200,000)|
|Net assets||||||12,970,490||13,373,263|
|Capital funds|||||||||
|Endowment||funds -|general||17|15,356,703||15,356,626|
|Income funds|||||||||
|Unrestricted||funds||||(2,386,213)||(1,983,363)|
|||||||12,970,490||13,373,263|
|The notes on||pages 10to||21form part|ofthese financial statements.||||
|The financial||statements||were approved|by the Trustees on ....cree,(3........||||
|Trustee|||||||||
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||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2022|2021|
||E|E|
|Donations and gifts|331||
|Grants receivable|5,000|4,000|
||5,331|4,000|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2022|2021|
||||E|E|
|Rental income|||30,000|30,000|
|Income from listed investments|||318|318|
|Interest receivable|||40|26|
||||30,358|30,344|
|Raising funds|||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2022|2021|
||||1|E|
|Fundraisin|and|ublicit|||
|Other fundraising||costs|54,319|84,882|
|Investment|mana|ement|48|47|
||||54,367|84,929|
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|||||Charitable|Charitable|
|---|---|---|---|---|---|
|||||activities|activities|
|||||2022|2021|
|||||E|E|
|Staff costs|||||225,983|
|Depreciation|and impairment|||46,190|68,217|
|Activities undertaken||directly|||(225,983)|
|||||46,190|68,217|
|Grant funding|of activities (see note 7)|||36,305|500|
|Share of support costs (see note )||||301,677|431,414|
|||||384,172|500,131|
|Analysis
by fund||||||
|Unrestricted|funds|||384,172|274,148|
|Endowment|funds|general|||225,983|
|Grants payable||||||
|||||Charitable|Charitable|
|||||activities|activities|
|||||2022|2021|
|||||E|E|
|Grants to institutions:||||||
|The London Scottish||Regimental|Trust|36,305||
|Other|||||500|
|||||36,305|500|
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|||Endowment|Endowment|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2022|2021|
|Other|expenditure|48|47|
|||48|47|
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|Endowment|Endowment|
|---|---|
|funds|funds|
|general|general|
|2022|2021|
|E||
|125|2,038|
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|Tangible fixe|d assets||||||
|---|---|---|---|---|---|---|
||||Freehold land|Assets under|Fixtures and|Total|
||||and buildings|construction|fittings||
||||E||E||
|Cost|||||||
|At 1April 2021|||15,000,000|401,227|212,939|15,614,166|
|Disposals||||(401,227)||(401,227)|
|At 31March|2022||15,000,000||212,939|15,212,939|
|Depreciation|and impairment||||||
|At 1April 2021||||401,227|90,909|492,136|
|Depreciation|charged|in the year|||46,190|46,190|
|Eliminated
in|respect|of disposais||(401,227)||(401,227)|
|At 31March|2022||||137,099|137,099|
|Carrying amount|||||||
|At 31March|2022||15,000,000||75,840|15,075,840|
|At 31March|2021||15,000,000||122,030|15,122,030|
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|||||Listed|Unlisted|Total|
|---|---|---|---|---|---|---|
|||||investments|investments||
||Cost or valuation||||||
||At 1April 2021|||13,396||13,397|
||Revaluations|||124||124|
||Investment
management|fees||(96)||(96)|
||At 31March 2022|||13A24||13,425|
||Carrying amount||||||
||At 31March 2022|||13,424||13,425|
||At 31March 2021|||13,396||13,397|
|14|Oebtors||||||
||||||2022|2021|
||Amounts
falling due within one year:||||E||
||Prepayments
and accrued|income|||458|458|
|15|Loans and overdrafts||||||
||||||2022|2021|
||||||E|E|
||Bank loan
—secured||||1,200,000|1,200,000|
||Loans from related regimental||trusts||912,950|912,950|
||||||2,112,950|2,112,950|
||Payable within one year||||912,950|912,950|
||Payable after one year||||1,200,000|1,200,000|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|6|
|Loans from related regimental|||trusts||912,950|912,950|
|Trade creditors|||||40,415|17,440|
|Amounts|owed to related regimental|||trusts|28,496|23,028|
|Accruals|and deferred|income|||18,111|11,250|
||||||999,972|964,668|
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|Analysis ofnet assets betw|een
funds||||||
|---|---|---|---|---|---|---|
||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
||funds|funds||funds|funds||
||2022|2022|2022|2021|2021|2021|
||||E|E|E|E|
|Fund balances at 31|||||||
|March 2022 are|||||||
|represented
by:|||||||
|Tangible assets|75,840|15,000,000|15,075,840|122,030|15,000,000|15,122,030|
|Investments||13,425|13,425||13,397|13,397|
|Current assets/(liabilities)|(987,442)|68,714|(918,775)|(846,653)|284,489|(562,164)|
||(911,602)|15,082,139|14,170,490|(724,623)|15,297,886|14,573,263|
|l.ong term liabilities||(1,200,000)|(1,200,000)||(1,200,000)|(1,200,000)|
||(911,602)|13,882,139|12,970,490|(724,623)|14,097,886|13,373,263|
|Interfund
loan|(1,474,564)|1,474,564||(1,258,787)|1,258,787||
||(2,386,166)|15,356,703|12,970,490|(1,983,410)|15,356,673|13,373,263|
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