| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Income from: | Note | ||||
| Subscriptions | 179,362 | 181,591 | |||
| Legacy income | 5,640 | 44,422 | |||
| Investments: | |||||
| Invested funds |
221,064 | 213,496 | |||
| eank deposits | 3,346 | ||||
| Total income | 409,412 | 439,509 | |||
| Expenditure on: |
|||||
| Expenditure on charitable |
activity | 3 | (401,846) | (308,574) | |
| Net operating income |
7,566 | 130,935 | |||
| Net (losses)l gains on investment | assets | (893,261) | 958,212 | ||
| Net income and net movement | in funds | (885,695) | 1,089,147 | ||
| Fund balance brought forward | 8,106,464 | 7,017,317 | |||
| Fund balance carried forward | 7,220,769 | 8,106,464 |
| 2022 | 2021 | |
|---|---|---|
| Death payments | 360,000 | 280,000 |
| Staff costs | 25,270 | 23,592 |
| Support costs: | ||
| Administrative expenses |
7,395 | 41 |
| Other expenses | 3,746 | 106 |
| Governance -audit fee |
5,435 | 4,835 |
| 401,846 | 308,574 |
| taff costs include: | ||
|---|---|---|
| 2022 | 2021 | |
| E | E | |
| Wages and salaries | 19,715 | 19,691 |
| Pension costs | 3,598 | 1,983 |
| Social security | 1,957 | 1,918 |
| 25,270 | 23,592 |
| Movements | in investments | in investments | in investments | during | during | the | period: | 2022 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Market value | at beginning | ofperiod | 7,683,657 | 6,725,445 | |||||
| Net (losses)l | gains on revaluation | (893,261) | 958,212 | ||||||
| Market value | at end | of | year | 6.790,396 | 7,683,657 | ||||
| Analysis ofinvestment: | |||||||||
| Market value | |||||||||
| CCLA - COIF | Charities | Investment | Fund | 6,790,396 | 7,683,657 | ||||
| The historical | cost of | investments | held | is E5,190,081 (2021:E5,190,081). | |||||
| Debtors | |||||||||
| 2022 | 2021 | ||||||||
| Members' subscriptions |
receivable | 15,456 | 14,859 | ||||||
| Investment dividend |
receivable | 51,369 | 50,583 | ||||||
| Legacy income accrued | 44,422 | ||||||||
| 66,825 | 109,864 | ||||||||
| Creditors | |||||||||
| 2022 | 2021 | ||||||||
| Audit fee accrual | 5.400 | 4,800 | |||||||
| Death grant accrued | 20,000 | ||||||||
| Due to The Royal Air | Force | Benevolent | Fund | 5,864 | 3,926 | ||||
| Other | 152 | ||||||||
| 31,416 | 8,726 |