| Page | |
|---|---|
| Trustees’report | 1-9 |
| Referenceandadministrativedetailsofthecharity,itstrustees,andadvisers | 10-11 |
| Independentauditor'sreport | 12-15 |
| Statementoffinancialactivities | 16 |
| Balancesheet | 17 |
| Statementofcashflows | 18 |
| Notestothefinancialstatements | 19-32 |
| Year | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Disabled&Illness | 11 | 80 | 145 | 116 | 166 | 163 |
| Oldage | 6 | 4 | 13 | 22 | 41 | 32 |
| Widows | 43 | 41 | 38 | 45 | 63 | 51 |
| Unemployed | 115 | 119 | 119 | 76 | 128 | 119 |
| Miscellaneous | 91 | 94 | 106 | 210 | 124 | 129 |
| Nograntmade | 88 | 62 | 87 | 120 | 31 | 51 |
| Totals | 453 | 400 | 508 | 589 | 553 | 545 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| Note | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | ||
| Incomeandendowmentsfrom: | |||||
| Donations&Legacies | 3 | 746,670 | - | 746,670 | 794,489 |
| Othertradingactivities | 9 | 137,064 | - | 137,064 | 78,603 |
| Investmentincome | 10 | 414,466 | 20,811 | 435,277 | 427,925 |
| Otherincome | 11 | 40,128 | - | 40,128 | 25,949 |
| Totalincome | 1,338,328 |
20,811 |
1,359,138 |
1,326,966 |
|
| Expenditureon: | |||||
| RaisingFunds | 12 | 1,101 | - | 1,101 | 288 |
| Charitableactivities | 13 | 1,843,836 | 58,584 | 1,902,420 | 1,445,208 |
| Totalexpenditure | 1,844,937 |
58,584 |
1,903,521 |
1,445,496 |
|
| Netexpenditurebeforerevaluations | (506,609) |
(37,773) |
(544,382) |
(118,530) |
|
| Netlossoninvestments | 19 | (1,710,377) | (88,069) | (1,798,446) | 1,139,766 |
| NetGainsonproperty | 19a | 21,828 | - | 21,828 | |
| Netmovementinfundsforyear | (2,195,158) |
(125,842) |
(2,321,000) |
1,021,236 |
|
| Reconciliationoffunds | |||||
| Totalfundsat1January2022 | 13,658,073 | 754,557 | 14,412,630 | 13,391,394 | |
| Totalfundsat31December2022 | 11,462,915 |
628,715 |
12,091,630 |
14,412,630 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ |
||
| Fixedassets | ||||||
| Tangibleassets | 18 | 79,676 | 89,226 | |||
| Investments | 19 | 10,902,083 | 13,392,892 | |||
| Investmentproperties | 20 | 500,000 | - | |||
| ~11,481,759 | ~13,482,118 | |||||
| Currentassets | ||||||
| Debtors | 21 | 173,453 | 345364 | |||
| Cashatbankandinhand | 511,261 | 629988 | ||||
| 684,714 | 975,352 | |||||
| Creditors:amountsfallingduewithin | 22 | (74,843) | (44,840) | |||
| oneyear | ||||||
| Netcurrentassets | 609,871 | 930,512 | ||||
| Netassets | 12,091,630 | 14,412,630 | ||||
| CharityFunds | ||||||
| Restrictedfunds | 23 | 628,715 | 754,557 | |||
| Unrestrictedfunds | 23 | 11,462,915 | 13,658,073 | |||
| Totalfunds | 12,091,630 | 14,412,630 |
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
£ |
£ |
|||
| Netcashusedinoperatingactivities | 27 | (771,910) |
(702,283) |
|
| Cashflowsfrominvestingactivities | ||||
| Interestanddividends | 435,277 | 427,925 | ||
| Movememtonbranchesfixedassets | 3,715 | (4,340) | ||
| MovementonBranchInvestments | (7,637) | (3,431) | ||
| Purchaseofinvestmentproperties | (478,172) | - | ||
| Disposaloffixedassetinvestments | 700,000 |
250,000 |
||
| Cashprovidedby(usedin)investingactivities | 653,183 |
670,154 |
||
| Increase/(decrease)incashandcash | ||||
| equivalentsintheyear | (118,727) |
(32,129) |
||
| Cashandcashequivalentsatthebeginningoftheyear | 629,988 | 662,117 | ||
| Totalcashandcashequivalentsattheendoftheyear | 511,261 |
629,988 |
||
| Analysisofchangesinnetdebt | ||||
| At31 | Jan | At31Dec | ||
| 2022 | Cashflows | 2022 | ||
| £ | £ | £ | ||
| Cashandcashequivalents | ||||
| Cash | 629,988 |
(118,727) |
511,261 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds |
funds | funds | ||||
| 2022 | 2022 |
2022 | 2021 | ||||
| 3 | Donations&Legacies | ||||||
| £ | £ |
£ | £ | ||||
| Donations | (Note4) | 147,357 | - | 147,357 | 91,649 | ||
| Legacies | (Note5) | 88,419 | - | 88,419 | 211,462 | ||
| Grants | (Note6) | 2,500 | - | 2,500 | 2,500 | ||
| Subscriptions | (Note7) | 421,418 | - | 421,418 | 406,164 | ||
| Donatedservicesandfacilities | (Note8) |
86,976 | - | 86,976 | 82,714 | ||
746,670 |
- |
746,670 |
794,489 |
||||
| Allofthedonationsandlegaciesincome | was | unrestrictedin | 2022and 2021. | ||||
| 4 | Donations | ||||||
| £ | £ | £ | £ | ||||
| Generaldonations | 120,994 | - | 120,994 | 87,793 | |||
| Donationsfrombranches | 30 | - | 30 | 260 | |||
| Taxrefund | 2,582 | - | 2,582 | 123 | |||
| Websitedonations | 23,751 | - | 23,751 | 2,973 | |||
| SapperNetwork | - | - | - | 500 | |||
147,357 |
- |
147,357 |
91,649 |
||||
| 5 | Legacies | ||||||
| £ | £ |
£ | £ | ||||
| Otherlegacies | 88,419 |
- |
88,419 |
211,462 |
|||
| 6 | Grants | ||||||
| £ | £ | £ | £ | ||||
| H&MCharitableTrust | 2,500 |
- |
2,500 |
2,500 |
|||
| 7 | Subscriptionsandtax | ||||||
| £ | £ | £ | £ | ||||
| Membership | 26,947 | - | 26,947 | 16,736 | |||
| GrantfromRECCT(represents | 9 ' 50%ofDay's |
394,471 | 7 | 394,471 | 389,428 | ||
| PaySchemesubscriptionstoRECCT) | |||||||
421,418 |
- |
421,418 |
406,164 |
| testothefinancialstatements theyearended31December2022 |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 8Donatedservicesandfacilities | |||||
| £ | £ | £ | £ | ||
| Gas | 1,807 | - | 1,807 | 1,770 | |
| Electricity | 2,131 | - | 2,131 | 2,093 | |
| Waterandsewage | 860 | - | 860 | 847 | |
| Communitycharge | 5,686 | - | 5,686 | 5,574 | |
| Utilities | 1,478 | - | 1,478 | 1,451 | |
| MODsalaries | 45,014 | - | 45,014 | 28,270 | |
| Administrationsalaries | 30,000 | - | 30,000 | 42,709 | |
| Total | 86,976 |
- |
86,976 |
82,714 |
|
| 9Othertradingactivities | |||||
| £ | £ | £ | £ | ||
| ActivityGeneratingIncome | 616 | - | 616 | - | |
| EspritdeCorpsincome | 136,448 | - | 136,448 | 78,603 | |
137,064 |
137,064 |
78,603 |
|||
| 10Investmentincome | |||||
| £ | £ | £ | £ | ||
| InvestmentPropertyRent | 17,938 | - | 17,938 | - | |
| Dividends—ArmedForcesCharitiesFund | 396,527 |
20,779 | 417,306 | 427,900 | |
| Bankinterest | 1 | 32 | 33 | 25 | |
414,466 |
20,811 |
435,277 |
427,925 |
||
| Ofthetotalinvestmentincomereceived; | £435,277(2021:£427,925),£414,466wasfrom | ||||
| unrestrictedfunds(2021:£407,889)and | £20,811 wasfrom | restrictedfunds | (2021:£20,036). | ||
| 11Otherincome | |||||
| £ | £ | £ | £ | ||
| Sundryincome | 14,449 | - | 14,449 | 25,949 | |
| RefundofPreviousYearsGrants | 25,679 | - | 25,679 | - | |
40,128 |
- |
40,128 |
25,949 |
||
| 12RaisingFunds | |||||
| £ | £ | £ | £ | ||
| Recruiting | 1,101 |
- |
1,101 |
288 |
| 13 | CharitableActivities | ||||
|---|---|---|---|---|---|
| Directcosts | Support costs |
Total | Total | ||
| 2022 | 2022 |
2022 | 2021 | ||
| £ | £ |
£ | £ | ||
| Benevolence(Note14) | 777,886 | 177,145 |
955,031 | 740,639 | |
| EspritdeCorps(Note15) | 710,461 | 236,928 | 947,389 | 704,569 | |
1,488,347 |
414,073 |
1,902,420 |
1,445,208 |
||
| £1,843,836ofthecharitableactivitiesexpenditurewasfrom | unrestrictedfunds | (2021:£1,405,858) | |||
| and£58,584wasfromrestrictedfunds(2021:£39,350). | |||||
| Unrestricted | Restricted |
Total | Total | ||
| funds | funds |
funds | funds | ||
| 2022 | 2022 |
2022 | 2021 | ||
| 14 | Benevolencegrantsandallowances | ||||
| £ | £ |
£ | £ | ||
| Directcosts | |||||
| Grants | 232,286 | 58,584 |
290,870 | 255,906 | |
| Christmasgrants | 8,855 | - |
8,855 | 9,305 | |
| Weeklyallowances | 104,191 | - | 104,191 | 121,810 | |
| ArmyBenevolentFund | 60,000 | - |
60,000 | - | |
| SSAFAFamiliesHelp | 33,970 | - |
33,970 | - | |
| Othercharities | 280,000 | - |
280,000 | 220,000 | |
| RefundGrantspreviousyears | - | - | (6,972) | ||
719,302 |
58,584 |
777,886 |
600,049 |
||
| Supportcosts | |||||
| Committee&Travelcosts | 1,985 | - |
1,985 | 910 | |
| Audit | 4,200 | - |
4,200 | 3,591 | |
| Fees&Subscriptions | 2,395 | - |
2,395 | 4,178 | |
| Insurance | 750 | - |
750 | 1,517 | |
| Administration | 29,162 | - |
29,162 | 7,746 | |
| Post&Telephone | 4,475 | - |
4,475 | 4,838 | |
| Depreciation | 292 | - |
292 | 294 | |
| Donatedservicessupportcosts | 24,788 | - | 24,788 | 24,174 | |
| DonatedservicesMODsalaries | 30,000 | - |
30,000 | 28,270 | |
| Staffcosts | 79,098 | - |
79,098 | 65,072 | |
177,145 |
- |
177,145 |
140,590 |
||
896,447 |
58,584 |
955,031 |
740,639 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 15 | EspritdeCorps | £ | £ | £ | |
| Directcosts Corpsactivities Branchdonations Branchactivities AnnualConference SapperSundayLunch AnnualDinner |
432,538 24,565 243,678 3,121 1,295 5,264 710,461 |
432,538 24,565 243,678 3,121 1,295 5,264 710,461 |
346,281 24,294 138,405 172 a - 509,152 |
||
| Supportcosts Committee&Travelcosts Audit Fees&Subscriptions Insurance Administration Post&telephone Depreciation Donatedservicessupportcosts StaffCosts |
7,941 4,200 2,395 750 32,282 4,475 5,543 32,188 147,154 |
7,941 4,200 2,395 750 32,282 4,475 5,543 32,188 147,154 |
3,638 3,591 4,178 1,517 8,344 4,838 5,583 30,272 133,456 |
||
236,928 |
236,928 |
195,417 |
|||
947,389 |
947,389 |
704,569 |
|||
| 16 | NetIncome/Expenditure Thisisstatedaftercharging: |
£ | £ | ||
| Depreciationoftangiblefixedassets: -ownedbythecharity Auditor'sremuneration |
5,835 8,400 |
5,876 7,182 |
|||
| Duringtheyear,noTrusteesreceivedany | remuneration(2021 | -ENIL). | |||
| Duringtheyear,noTrusteesreceivedany | benefitsinkind(2021 | -£NIL). |
|||
| TrusteesreceivedreimbursementofexpensesamountingtoENilinthecurrent | year,(2021 | -ENil). |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| 17 | Staffcosts | £ | £ |
| Staffcostswereasfollows: | |||
| Wagesandsalaries | 198,570 | 172,360 | |
| Socialsecuritycosts | 14,083 | 13,703 | |
| Pensioncosts | 13,599 | 12,466 | |
226,252 |
198,529 |
||
| Theaveragemonthlynumberofemployeesduringtheyearwasasfollows: | No. | No. | |
| Managementandadministrationofthecharity | 7 | 6 | |
| Thenumberofemployeeswhosebenefits(excludingemployerpension | |||
| costs)exceeded£60,000was: | 2022 | 2021 | |
| No | No | ||
| Intheband£60,001 -£70,000 |
1 | - |
| Tangiblefixedassets | ||||
|---|---|---|---|---|
| Unrestricted . Designated . Fixtures& |
. Unrestricted General Property |
Unrestricted General Computer |
Total | |
| fittings | P | equipment | ||
| £ | £ | £ | £ | |
| Cost | ||||
| At1January2022 | 89,915 | 115,591 | 25,651 | 231,157 |
| Movementinbranchesfixedassets | (3,715) | - | - | (3,715) |
| At31December2022 | 86,200 |
115,591 |
25,651 |
227,442 |
| Depreciation | ||||
| At1January2022 | 11,865 | 111,102 | 18,964 | 141,931 |
| Chargefortheyear | - | 2,282 | 3,553 | 5,835 |
| At31December2022 | 11,865 |
113,384 |
22,517 |
147,766 |
| Netbookvalue | ||||
| At31December2022 | 74,335 |
2,207 |
3,134 |
79,676 |
| At31December2021 | 78,050 |
4,490 |
6,685 |
89,225 |
| 21 | Debtors | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Otherdebtors | 147,362 | 316,791 | ||
| Prepaymentsandaccruedincome | 26,091 | 28,573 | ||
173,453 |
345,364 |
|||
| 22 | Creditors: | |||
| Amountsfallingduewithinoneyear | ||||
| £ | £ | |||
| Branchcreditors | 728 | 8,435 | ||
| Othercreditors | 74,115 | 36,405 | ||
74,843 |
44,840 |
| 23 | Statementoffunds | ||||||
|---|---|---|---|---|---|---|---|
| CurrentYear | Brought | Income | Expenditure | Transfers | Gains/ | Carried | |
| Forward | in/out | (Losses) | Forward | ||||
| £ | £ | £ | £ | £ | £ | ||
| Designatedfunds | |||||||
| Branchfunds | 578,879 |
290,996 |
(268,243) |
- |
- |
601,632 |
|
| Generalfunds | |||||||
| Generalfunds | 13,079,194 |
1,047,332 |
(1,576,694) |
-_(1,688,549) |
10,861,283 |
||
| TotalUnrestrictedfunds | 13,658,073 |
1,338,328 |
(1,844,937) |
-_(1,688,549) |
11,462,915 |
||
| Restrictedfunds | |||||||
| KitchenerScholarshipFund | 754,557 |
20,811 |
(58,584) |
- |
(88,069) |
628,715 |
|
| TotalRestrictedFunds | 754,557 |
20,811 |
(58,584) |
- |
(88,069) |
628,715 |
|
| Totaloffunds | 14,412,630 |
1,359,139 |
(1,903,521) |
-_(1,776,618) |
12,091,630 |
||
| PriorYear | Brought | Income | Expenditure | Transfers | Gains/ | Carried | |
| Forward | in/out | (Losses) | Forward | ||||
| £ | £ | £ | £ | £ | £ | ||
| Designatedfunds | |||||||
| Branchfunds | 539,533 |
202,045 |
(162,699) |
- |
- |
578,879 |
|
| Generalfunds | |||||||
| Generalfunds | 12,131,260 | 1,104,974 | (1,243,536) | - | 1,086,496 | 13,079,194 | |
| TotalUnrestrictedfunds | 12,670,793 |
1,307,019 |
(1,406,235) |
- |
1,086,496 |
13,658,073 |
|
| Restrictedfunds | |||||||
| KitchenerScholarshipFund | 720,601 |
20,036 |
(39,350) |
- |
53,270 |
754,557 |
|
| TotalRestrictedFunds | 720,601 |
20,036 |
(39,350) |
- |
53,270 |
754,557 |
|
| Totaloffunds | 13,391,394 |
1,327,055 |
(1,445,585) |
- |
1,139,766 |
14,412,630 |
| CurrentYear | Unrestricted | Restricted | Total |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Tangiblefixedassets | 79,676 | - | 79,676 |
| Fixedassetinvestments | 10,358,722 | 543,361 | 10,902,083 |
| Investmentproperties | 500,000 | - | 500,000 |
| Currentassets | 599,360 | 85,354 | 684,714 |
| Creditors duewithinoneyear | (74,843) | - | (74,843) |
11,462,915 |
628,715 |
12,091,630 |
|
| PriorYear | Unrestricted | Restricted | Total |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Tangiblefixedassets | 89,226 | - | 89,226 |
| Fixedassetinvestments | 12,761,462 | 631,430 | 13,392,892 |
| Currentassets | 852,225 | 123,127 | 975,352 |
| Creditors duewithinoneyear | (44,840) | - | (44,840) |
13,658,073 |
754,557 |
14,412,630 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Netmovementinfunds | (2,321,000) | 1,021,236 |
| Addbackdepreciationcharge | 5,835 | 5,876 |
| Deductinterestincomeshownininvestingactivities | (435,277) | (427,925) |
| Deductgains/addbacklossesoninvestments | 1,798,446 | (1,139,766) |
| Deductgains/addbacklossesoninvestmentproperties | (21,828) | - |
| Decrease(increase)indebtors | 171,911 | (175,758) |
| Increase(decrease)increditors | 30,003 |
14,054 |
| Netcashusedinoperatingactivities | (771,910) |
(702,283) |