## ||||||Page| |---|---|---|---|---|---| |Trustees'
report|||||1-8| |Reference and adminiistrative||details ofthe charity,|iis trustees|and advisers|9-10| |Independent
auditor's|report||||11 —14| |Statement offinancial|activities||||15| |Balance sheet|||||| |Statement ofcash flows|||||17| |Notes to the financial|statements||||18-29| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|funds| |||Note|2020f|2020
5|2020|2019
E| |Income and endowments|from:|||||| |Donations
& Legacies
Other trading
activities
Investment
income
Other income||3
9
10
11|716,162
22,571
411,088
11,289|19,702
-|716,162
22,571
430,790
11,289|570,243
138,047
425,080
22,059| |Total income|||1161,110|19,702|1,180,812|1 155429| |Expenditure
on:||||||| |Raising Funds
Charitable
activities||12
13|5,342
1,370,163|24,903|5,342
1,395,068|3,052
1,425,352| |Total expenditure|||1375,505|24,903|1,400 408|1 428 404| |Net expenditure
before|revaluations||(214,395)|(5,201)|(219,596)|(272,975)| |Net gains on investments||19|552,951|27,075|580,026|1,520,885| |Net movement
in funds|for year||338,556|21,874|360,430|1,247,910| |Reconciliation
offunds||||||| |Total funds at 1 January 2020|||12,333,777|697,187|13,030,964|11,783,054| |Total funds at 31December 2020|||12,672,333|719,061|13391,394|13030,964| |||||2020||2019|| |---|---|---|---|---|---|---|---| |Fixed assets|||Note|8||8|| |Tangible assets|||18||90,782||85,943| |Investments|||19||124119,090||12,164,035| ||||||12,590,457||12,249,978| |Current assets|||||||| |Debtors|||20|189,808||173,471|| |Cash at bank and|in|hand||802117||663,053|| |||||831,723||838,524|| |Creditors: amounts
one year||falling due within|21|(30,788)||(55,538)|| |Net current assets|||||800037||780,986| |Net assets|||||13391304||13030,004| |Charity Funds|||||||| |Restricted
funds|||22||720,801||696,516| |Unrestricted
funds|||22||12870,793||12,334,448| |Total funds|||||13,391,394||13,030,964| ## ||||Note|2020|2019| |---|---|---|---|---|---| |Net cash used in operating
activities|||27|(665396)|(708844| |Cash flows from investing
activities|||||| |Interest and dividends
Purchase
oftangible fixed assets
Movement
on Branch Investments
Disposal offixed asset investments||||430,790
(10,696)
(5,634)
250„000|425,080
(7,815)
4,182| |Cash provided
by (used in) investing|activities|||664,460|421,627| |Increase/(decrease)
in cash and cash|||||| |equivalents
in the year||||936|285217| |Cash and cash equivalents
at the beginning||ofthe year||663,053|948,289| |Total cash and cash equivalents
at the end ofthe year||||662,117|663,053| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |th|e year end|ed 31 December 2|020||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| |||||2020|2020|2020|2019| |3|Donations|& Legacies|||||| ||Donations
Legacies||(Note 4)
(Note 5)|125,847
125,000||125,847
125,000|82,761
28,728| ||Grants||(Note 6)|2,500||2,500|2,500| ||Subscriptions
Donated services and facilities||(Note 7)
(Note 8)|384,193
78,622||384,193
78,622|382,759
75,495| |||||716162||716162|570,243| ## ||General donations
Donations
from branches
Tax refund|General donations
Donations
from branches
Tax refund|||119,879
830
952||119,879
830
952|74,764
5,381| |---|---|---|---|---|---|---|---|---| ||Website donations
Sapper Network||||2,836
1,350||2,836
1,350|2,616| ||||||125,847||125,847|82,761| |5|Legacies|||||||| ||Other legacies||||125000||125000|26 728| |6|Grants|||||||| ||H&M Charitable|Trust|||2,500||2,500|2,500| |7|Subscriptions|and tax||||||| |||||||6|6|| ||Membership||||17,472||17,472|24,554| ||Grant from RECCT (represents
Pay Scheme subscriptions
to|||50%of Day's
RECCT)|366,721||366,721|358,205| ||||||384,193||384193|382 759| ## ## |t|he year ended|31 Dece|mber 2020|||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||funds|funds|funds|funds| ||||2020|2020|2020|2019| |8|Donated services and||facilities|||| ||Gas
Electricity
Water and sewage||1,757
2,068
835||1,757
2,068
835|1,744
2,044
822| ||Community
charge
Utilities
MOD salaries
Administration
salaries||5,519
1,421
28,093
38,929||5,519
1,421
28,093
38,929|5,465
1,421
26,000
37,999| ||Total||78622||78622|75,495| |9|Other trading|activities||||| |||||6|E|E| ||Esprit de Corps|income|22 571||22,571|138,047| ||REA Branches|generated|E22,571 (2019 —E138,047) from activities.|||| |10|Investment|income|||||| |---|---|---|---|---|---|---|---| ||Dividends —Armed Forces Charities
Bank interest||Fund|411,041
47|19,645
57|430,686
104|424,627
453| |||||411088|19,702|430,790|425 080| ## ## ||||Activities|||| |---|---|---|---|---|---|---| ||||undertaken
directly|Support
costs|Total|Total| ||||2020|2020|2020|2019| ||||6|E||E| |Benevolence
(Note 14)
Esprit de Corps
(Note 15)|||476,534
594,593|134,617
189,322|611,151
783,915|627,090
798,262| ||||1071 127|323939|1395,066|1 425,352| ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|funds| ||||2020|2020|2020|2019| |14|Benevolence grants and allowances|||||| ||Activities
undertaken|directly||||| ||Grants
Christmas
grants
Weekly allowances
Army Benevolent
Fund
SSAFA Families
Help
Other charities||248,456
11,503
125,767
50,000
20,000|24,903|273,359
11,503
125,767
50,000
20,000|300,485
12,210
137,671
50,000
20,000
402| ||Refund Grants previous|years|(4,095)||(4,095)|(7,607)| ||Support Costs||451,631|24,903|476,534|513,161| ||Committee
8 Travel costs
Audit
Fees &Subscriptions
Insurance
Administration
Post &Telephone
Depreciation
Donated services support costs
Donated services MOD salaries
Staff costs||600
3,576
3,773
1,435
4,344
2„340
294
22,173
28,093
67,989||600
3,576
3,773
1,435
4,344
2,340
294
22,173
28,093
67,989|1,907
3,360
2,446
1,355
3,355
2,120
252
21,831
26,000
51,303| ||||134,617||134 617|113929| ||||586248|24,903|611,151|627090| ## ## |||Unrestricted|Restiicted|Total|Total| |---|---|---|---|---|---| |||funds|funds|funds|funds| |||2020|2020|2020|2019| |15Esprit de Corps|||||| |Activities
undertaken|directly||||| |Corps activities
Branch donations
Branch activities||539,659
10,332
43,204||539,659
10,332
43,204|325,545
21,974
218,038| |Annual
Conference
Annual
Dinner
Sapper Sunday
Lunch
REVETT Grant
Refund previous year||1,398||1,398|7,440
7,515
1,285
30,000
(5,103)| |Support Costs||594,593||594,593|606,694| |Committee
8 Travel costs
Audit
Fees &Subscriptions
Insurance
Administration
Post &telephone
Depreciation
Donated services support costs
Staff Costs||2,399
3,576
3,773
1,435
4,803
2,340
5,583
28,356
137,057||2,399
3,576
3,773
1,435
4,803
2,340
5,583
28,356
137,057|7,627
3,360
2,446
1,355
4,188
2,120
4,792
27,664
138,016| |||189,322||189,322|191,568| |||783915||783,915|798,262| |16 Net Income
/ Expenditure|||||| |This is stated after charging:
Depreciation
oftangible fixed assets:||||E|5| |—owned
by the charity
Auditor's
remuneration||||5,877
7 152|5,044
6,720| ## ## |||||||Total|Total| |---|---|---|---|---|---|---|---| |||||||funds|funds| |17|Staff costs|||||2020
6|2019
F| ||Staff costs were as follows:||||||| ||Wages and salaries
Social security costs
Other pension costs|||||179,961
12,423
12,662|165,391
11,649
12,279| |||||||205046|189,319| ||The average
monthly|number of|employees|during|the year was as follows:|No.|No.| ||Management
and administration||ofthe charity||||| |18Tangible fixed assets||||| |---|---|---|---|---| ||Unrestricted
Designated
Fixtures &
fittings|Unrestricted
General
Property|Unrestricted
General
Computer
equipment|Total| |||5||| |Cost||||| |At 1 January 2020
Additions|79,043
6,532|115,591|21,487
4,164|216,121
10,696| |At 31 December 2020|85„575|115„591|25,651|226 817| |Depreciation||||| |At 1 January 2020
Charge for the year|11,865|106„455
2,324|11,858
3,553|130,178
5,877| |At 31 December 2020|11,865|108,779|15,411|136,055| |Net book value||||| |At 31 December 2020|73710|6,813|10,238|90762| |At 31 December 2019|67,178|9137|9,629|85,944| ## |||Listed|Branch|Total| |---|---|---|---|---| |||securities|Investments|| |||6|f|| |INarket value||||| |At 1 January 2020
Disposals
Revaluations
Movement
on branch|investments|12,144,870
(250,000)
580,026|19,165
5,634|12,164,035
(250,000)
580,026
5,634| |At 31 December 2020||12,474,896|24,799|12499,695| |Historical cost||5,847,891|22,550|5,870,441| |Investments
at market value comprise:||||| ||||2020|2019| ||||6|E| |Listed investments
Branch investments
Total market value|||12,474,896
24799
12,499 695|12,144,870
19,165
12,164,035| ## ## |20|Debtors||| |---|---|---|---| |||2020|2019| |||6|5| ||Branch debtors
Other debtors
Prepayments
and accrued income|137,441
32,165|1,116
137,862
34,493| |||169606|173,471| |21|Creditors:||| ||Amounts
falling due within one year||| ||Branch creditors
Other creditors|4,735
26,051|4,604
50,934| |||30,786|55 538| ## |22 Statement offunds|22 Statement offunds|||||||| |---|---|---|---|---|---|---|---|---| |Current Year|||Brought
Forward
5|Income
E|Expenditure
5|Transfers
in/out|Gains/
(Losses)|Carried
Forward
6| |Designated
funds||||||||| |Branch funds|||432 257|160,813|(53,537|||539533| |General funds||||||||| |General funds|||11,902,191|1,000,297|1,321,968|2,211|552,951|12,131,260| |Total Unrestricted|funds||12,334,448|1,161,110|1,375,505|2,211|552,951|12,670,793| |Restricted funds||||||||| |Gabriel Fund
Kitchener Scholarship||Fund|2,691
693,825|19,702|(7,460)
17,443|4,769
2,558|27,075|720,601| |Total Restricted|Funds||696,516|19,702|(24,903|2,211|27,075|720,601| |Total offunds|||'l3,030,964|1,180,812|1,400,408||580,026|13,391,394| |Prior Year|||Brought
Forward|Income
6|Expenditure
6|Transfers
in/out
5|Gains/
(Losses)
6|Canted
Forward
6| |Designated
funds||||||||| |Branch funds|||420 660|251 609|240,012|||432 257| |General funds||||||||| |General funds|||10,744,668|1,136,029|(1,430,379)||1,451 873|11902 191| |Total Unrestricted|funds||11 165,328|1,387638|1,670,391||1,45'I,873|12,334448| |Restricted funds||||||||| |Gabriel Fund
Kitchener Scholarship||Fund|3,362
614364|2
19,400|(673)
8,951||69,012|2,691
693825| |Total Restricted Funds|||617726|19,402|9,624||69,012|696516| |Total offunds|||11,783,054|1,407,040|1,680,015||1,520 885|13030964| ## |23 Analysis ofnet assets between|funds|||| |---|---|---|---|---| |Current Year||Unrestricted|Restricted|Total| |||funds|funds|funds| |||2020|2020|2020| |||6||5| |Tangible
fixed assets
Fixed asset investments
Current assets
Creditors due within one year||90,762
11,923,675
687,142
(30,786)|576„020
144,581|90,762
12,499,695
831,723
(30,786)| |||12670793|720 601|13391394| |Prior Year||Unrestricted|Restricted|Total| |||funds|funds|funds| |||2019|2019|2019| |||||5| |Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year||85,943
11,612,950
691,093
(55,538)|551,085
145,431|85,943
12,164,035
836,524
(55,538)| |||12,334,448|696,516|13,030,964| ## ## ## ## ||||| |---|---|---|---| |All transactions
with related parties are disclosed|in the Trustees||Report and notes to the accounts.| |Reconciliation
ofnet movement
in funds to net|||| |cash flow from operating
activities.|||| |||Total|Total| |||funds|funds| |||2020|2019| |Net movement
in funds
Add back depreciation
charge
Deduct interest income shown
in investing
activities
Deduct gains
/ add back losses on investments
Decrease (increase)
in debtors
Increase (decrease)
in creditors||360,430
5,877
(430,790)
(580,026)
3,865
(24,752)|1,247,910
5,044
(425,080)
(1,520,884)
1,702
(15,536)| |Net cash used in operating
activities||665,396|706,844|