2023-03-31-accounts - The Association of Wrens and Women of the Royal Naval Services

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		Page
Reference and Administrative Details
Report ofthe Trustees		2 to	8
Report ofthe Independent Auditors		gto12
Statement ofFinancial	Activities	13
Statement of Financial	Position	14 to	15
Notes to the Financial	Statements	16 to	26

generate an additional a	generate an additional a	mount via Gift Aid.
Thanks is also gratefully		acknowledged for donations	received this year from the following	Branches
and Informal	Groups:
Boumemouth		Exeter	Portsmouth
Cardigan		Exmouth	Solent
Cheltenham		Fareham	South Dorset
Chester		Guildford	Swansea
Drake		Nottingham	Swindon
Edinburgh		Oxford	West Comwall
			Yeovil 8 District

ve received legacies or ied during the year:	kind donations in memory of	the following me	mbers a
Freda Bishop	Joyce Glover	Pauline	Singleton
Joyce Campbell	Delia Harwood	Patricia	Slabber
Angela Cook	Marjorie Imlah	Ena Smithies
Phyllis Dacombe	Sue Johnson	Margaret	Wigley
Dorothy Daulby	Sheila King	Joan Willis
Jean Davies	Janis Parker	Doreen	Wood
Frances Elliott	Pamela Roe	Dorothy	Woods

for the Year Ended 31 March 20	23
					31.3.23	31.3.22
			Unrestricted	Restricted	Total	Total
		Notes	fund f	funds f	funds f	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies		3	27,712	582	28,294	142,068
Charitable activities
Membership co-ordination			31,262		31,262	30,227
Other trading activities		4	5,914		5,914	8,054
Investment income		5	32,629		32,629	23,551
Other income			5,711		5,711	6,486
Total			103,228	582	103,810	210,386
EXPENDITURE ON
Raising funds			3,652		3,652	7,726
Charitable activities
WRNS benevolent trust			603		603	159
The Wren publication			21,213		21,213	16,096
Trustee meeting and events			9,158		9,158	13,052
Arboretum renovation			3,793		3,793	3,793
Support costs			14,761		14,761	14,451
Membership co-ordination			47,244	968	48,212	66,165
AOW2020						29,923
Total			100,424	968	101,392	151,365
Net gains/(losses) on investments			~87,43))		~87.431)	32,813
NET INCOME/(EXPENDITURE)			(84,627)	(386)	(85,013)	91,834
RECONCILIATION OF FUNDS
Total funds brought forward			1,211,281	5,211	1,216,492	1,124,658
TOTAL FUNDS CARRIED FORWARD			1,126,654	4,825	1,131,479	1,216,492

Statement ofFina 31 March 2023	ncial Position
					31.3.23	31.3.22
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	6	6
FIXEDASSETS
Intangible assets		10	28,445		28,445	32,238
Tangible assets		11	530		530
Investments		12	882,169		882,169	954,099
			911,144		911,144	986,337
CURRENT ASSETS
Stocks		13	4,328		4,328	4,266
Debtors		14	5,967		5,967	7,722
Cash at bank and	in hand		246,503	4,825	251,328	265,526
			256,798	4,825	261,623	277,514
CREDITORS
Amounts falling due within one year		15	(18,325)		(18,325)	(19,841)
NET CURRENT ASSETS			238,473	4,825	243,298	257,673
TOTAL ASSETS	LESSCURRENT		1,149,617	4,825	1,154,442	1,244,010
LIABILITIES
CREDITORS
Amounts falling due after more than one
year		16	(22,963)		(22,963)	(27,518)
NET ASSETS			1,126,654	4,825	1,131,479	1,216,492

The average monthly number o	fem	ployees during the year was as	follows:
			31.3.23	31.3.22
Office staff			1	2
No employees received emoluments		in excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund f	funds f	funds f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		141,491	577	142,068
Charitable activities
Membership co-ordination		30,227		30,227
Other trading activities		8,054		8,054
Investment income		23,551		23,551
Other income		6,486		6,486
Total		209 809	577	210388
EXPENDITURE ON
Raising funds		7,726		7,726
Charitable activities
WRNS benevolent trust		159		159
The Wren publication		16,096		16,096
Trustee meeting and events		13,052		13,052
Arboretum renovation		3,793		3,793
Support costs		14,451		14,451
Membership co-ordination		66,165		66,165
AOW2020		29,923		29,923
Total		151,365		151,365
Net gains on investments		32,813		32,813
NET INCOME Transfers between funds		91,257 35.390	577 ~35390)	91,834
Net movement In funds		126,647	(34,813)	91,834

for t	he Year Ended 31 March 2023	he Year Ended 31 March 2023	he Year Ended 31 March 2023	he Year Ended 31 March 2023
	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES-
	continued
			Unrestricted	Restricted	Total
			fund	funds f	funds f
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	1,084,634	40,024	1,124,658
	TOTAL FUNDS CARRIED FORWARD		1,211,251	5,211	1.216452
10.	INTANGIBLE FIXEDASSETS
					Arboretum
					upkeep
	COST
	At 1 April 2022 and	31 March 2023			37,927
	AMORTISATION
	At 1 April 2022				5,689
	Charge for year				3,793
	At 31 March 2023				9,482
	NET BOOK VALUE
	At 31 March 2023				28,445
	At 31 March 2022				32,238

Minimum lease payments under non-cancellable	operating leases fall due as foll	ows:
	31.3.23	31.3.22
		6
Within one year	8,280	7,102
Between one and five years	14,425	7,236
	22,705	14,338

Net movement in funds, include	d in the above are as	follows:
	Incoming	Resources	Gains and	Movement
	resources f	expended	losses f	in funds f
Unrestricted funds
General fund	103,228	(100,424)	(87,431)	(84,627)
Restricted funds
Arboretum project WRNS100	582	(720) ~248)		(138) ~248)
	582	~968)		~386)
TOTAL FUNDS	103,810	(101,392)	~87,431)	~85,013)

Comparative net movement in	funds, included in the	above are as	follows:
	Incoming	Resources	Gains and	Movement
	resources 6	expended f	losses f	in funds E
Unrestricted funds
General fund	209,809	(151,365)	32,813	91,257
Restricted funds
Arboretum project	577			577
TOTAL FUNDS