## Royal Naval Association Annual Trustees Report 2021 ## Includes # Report to Annual Conference 2022 Annual Accounts for Financial Year 2021 Central Office Building 1/087, Scott Road HM Naval Base PORTSMOUTH, PO1 3LU ## - - www.royal naval association.co.uk Registered Charity Number 266982 ## **EXECUTIVE SUMMARY** Covid has affected RNA activity throughout the year but also brought opportunities. Thanks to RNRMC support, the new funding model, to allow subscriptions to be set to Zero, has seen growth in the organisation in Year 1, with nearly 3000 new members joining in 2021. By the end of the year membership numbers sat at 12750, already above the Year 2 target of 12500. The development of welfare and wellbeing aspects of the organisation is being recognised and welcomed by the membership with the SPARKO Project now sitting alongside Project Semaphore, a tool to help tackle loneliness. A successful annual conference and AGM was conducted in Nottingham. As the World Governing Body for Uckers, the Association hosted its first World Uckers Championships in Portsmouth Naval Base and as organisers of the Naval Associations Parade at the Cenotaph, the opportunity was taken to perpetuate the memory of our comrades who died in the service of their country and also to those Shipmates who Crossed the Bar during Covid. The relationship was reaffirmed with the signing of a new Memorandum of Understanding between the RN and RNA, and the RNA also supported the homecoming of CSG21 and reinstated the Culture and Values Sessions given to Phase 2 RN trainees. A yearbook was delivered to the entire membership for the first time and new style membership cards issued. The AFC Employer Recognition Scheme Bronze Award was achieved in year. Vice Admiral Duncan Potts CB superseded Vice Admiral John McAnally CB LVO as National President. ## **REFERENCE and ADMINISTRATIVE DETAIL** ## 1. **Central Office Address** Royal Naval Association Central Office Building 1/087 Scott Road HM Naval Base PORTSMOUTH Hants PO1 3LU ## **The Trustees** 2. As at 31 December 2021 the Trustees of the Royal Naval Association were: |VAdm D L Potts CB|National President| |---|---| |Cdre M Slawson OBE RN|Deputy National President| |S/M R Lock MBE|Vice-President| |WO1 C Steedman|Vice President – The Warrant Officer to the Royal Navy| |WO1 C Robson|Vice President – Serving Member| |S/M K Ridley|National Chairman & NCM 6 Area| |S/M P Stephenson|National Vice Chairman & NCM 12 Area (Ireland)| |S/M M Foley|NCM
1 Area| |S/M S Maclean|NCM
3 Area| |S/M W Belfitt|NCM
4 Area| |S/M P Chivers|NCM
5 Area| |S/M L Higgon-Young|NCM
7 Area (S Wales and Gloucester)| |S/M P Godwin|NCM
8 Area| |S/M K Crawford MBE|NCM
9 Area and Overseas| |S/M D Wright|NCM
10 Area| Page | 2 RNA Annual Trustees Report for 2021 S/M I McQueen NCM 11 Area S/M S Elliot NCM Scottish Area S/M I Irvin National Hon Treasurer The No 2 Area NCM/Trustee billet remains vacant. ## **Executive Staff** 3. The Trustees delegate responsibility for the day-to-day management of the affairs of the Association to its General Secretary, Capt Bill Oliphant RN. The Central Office team in 2021 consisted of (L-R): Sara Field (Membership Secretary), Kathryn Brindley (Finance), Nigel Huxtable (Membership Support – now retired), Lynda Pearson (Welfare Programmes and Wellbeing), Malcolm Little (Plans), Andy Christie (Operations), Julie Royston (Project Semaphore), Charlie Darlington (Communications) and Bill Oliphant (Gen Sec). Also, in the team but not photographed, Mike Gray (Communications). ## **Independent Examination** 4. The Association’s Auditors acting as independent examiners are Messrs Brooms Professional Services Ltd of Broom House, 39/43 London Road, Hadleigh, BENFLEET, Essex, SS7 2QL. They are represented by Mr Kevin Cornelius a Director of the Company. ## **Bankers** 5. The Association’s bankers are NatWest Bank plc, Chelsea Branch, PO Box 3048, 224 King’s Road, Chelsea, London SW3 5XJ, although day to day transactions are overseen by the branch at 130 Commercial Road, Portsmouth PO1 1EJ. Our investment managers are Sarasin and Partners LLP under a custody arrangement with the RNRMC on a unitised basis. The National Hon Treasurer, Ian Irvine, represents the Association at the RNRMC Investment Committee. Page | 3 RNA Annual Trustees Report for 2021 ## **Solicitors** 6. The Association’s Solicitors are Messrs Coffin Mew; 1000 Lakeside North Harbour, Western Road, Portsmouth PO6 3EN. Messrs Blake Morgan, have also given legal support during the year. ## **Advisers** 7. In addition, the Trustees have appointed a number of Advisers to assist the Association Management Committee: Lt Cdr H MacKenow RN Hon Legal Adviser S/M Nick Purkis Head of Governance Committee S/M Geoff Apperley BEM National Welfare Adviser S/M Bob Coburn National Ceremonial Adviser S/M Gareth Booth National Branch Recruitment and Retention Adviser S/M Steven Caulfield National Events Adviser S/M Les Yeoman HMS RALEIGH Lead Mentoring Adviser ## **Report of the Trustees for the year ended 31 December 2021** ## **GOVERNANCE AND MANAGEMENT** 8. The Trustees present their annual report and financial statements of the Charity for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s Royal Charter, the Charities Act 2011 (in accordance with note 1 to the Accounting Policies YE 31 December 2021 sub para a ‘Accounting Convention’) and the Statement of Recommended Practice 2015. The accounts have been prepared under the provisions of FRS 102. 9. The Royal Naval Association was incorporated by Royal Charter granted by Her Majesty The Queen on the advice of Her Privy Council on 15[th] July 1954. A Supplemental Charter was granted on 26[th] May 1990, which is the Charter now in force and forms the basis of the current Rules and Bye-Laws. There was a minor revision of the Charter and more significant revision of the Rules and Bye-Laws during 2014. The Charter and Rules are subject to minor amendments annually depending on Conference motions. 10. The Trustees comprise the National President, Deputy National President, National Vice Presidents which includes the Warrant Officer to the Royal Navy (WORN), in addition a serving Warrant Officer, National Honorary Treasurer and elected members of the National Council. Each elected member of the National Council represents a loosely defined geographical area and is elected for a period of two years by a simple majority based on a postal poll of Branches within the area represented. These are counted and reported on by members of the Standing Orders Committee at each Annual Conference. The National President, Deputy National President, National Vice Presidents, National Honorary Legal Adviser and National Honorary Treasurer (when not an elected NCM) are appointed by the National Council, as are the two RN Warrant Officers. The National Council of the Association delegates routine work to three subcommittees – the Finance and Administration Committee (FAC) **,** Association Management Committee (AMC) and the Governance Committee. Page | 4 RNA Annual Trustees Report for 2021 11. Newly appointed Trustees are provided with information regarding their legal duties and responsibilities, as well as key documents published by the Charity Commission. As soon as practicably possible, Trustees training is also conducted. 12. Details of the Association’s officials are included on the Association website (available here) which allows members of the public and Association members to know easily who represents them and manages the affairs of the Charity. S/M Keith Ridley (NCM 6) was re-elected National Chairman and S/M Paul Stephenson (NCM 12) was re-elected National Vice Chairman. The RNA enjoys membership of: COBSEO; International Maritime Confederation and the Conference of Naval Associations. The RNA signed a formal Memorandum of Understanding with the Royal Navy in 2021. There is a strong network of naval charities who are in regular communication. These include, but are not limited to: RNRMC, Greenwich Hospital, RNBT, NFF and RMA. The General Secretary acts as a managing member of the Irish ex-Services Trust disbursement committee. 13. 2021 saw the supersession of National President with VAdm Duncan Potts relieving VAdm John McAnally after over 20 years service in post. The Trustees would like to take the opportunity to reaffirm their gratitude to VAdm McAnally for his guidance, friendship, good humour and deep devotion to the Association throughout his dedicated tenure. VAdm McAnally has been conferred as a Life Vice Patron of the Association. ## **Central Office** 14. Having moved to their new premises in February 2020. The Central Office is now located in Scott Road and share the building with the Association of WRNS. The Board of Trustees would like to take this opportunity to thank the Second Sea Lord and the Naval Base Commander (Portsmouth) for their continued support of the RNA in providing premises within the Naval Base for use as RNA Central Office. ## **Objectives of the Royal Naval Association** _RNA Central Office, HMNB Portsmouth_ ## 15. The Objects are: (1). To further the efficiency and well-being of the Service, preserve its traditions and encourage recruiting. (2). To foster comradeship and "esprit de corps" among those who have served or are serving in Her Majesty’s Naval Forces. (3). To provide facilities for bringing Members together. (4). To perpetuate the memory of those members of Our Naval Forces who have died in the service of their Country. (5). To provide relief from conditions of need, hardship or distress to persons who have served or are serving in Our Naval Forces and their dependants. (6). To advise members and other persons who have served in Our Naval Forces and Page | 5 RNA Annual Trustees Report for 2021 their dependants on subjects affecting their welfare, referring on to appropriate agencies where specialist advice is required. (7). To advise and assist Members and other persons who have served in Our Naval Forces in their search for employment. (8). To pursue any or all of objects (2), (4), (5), (6) and (7) above for the benefit of members or former members of the Naval Forces or former members of the Commonwealth at a time when those Naval Forces were part of Our Naval Forces, and either or both objects (5) and (6) above for the benefit of the dependents of such persons. ## **FINANCE** 16. **Funding Model.** At the end of 2020, a Special National Meeting was convened to set subscriptions to zero and switch to a donation funding model – this was reported on in last year’s Annual Report. The Royal Navy Royal Marines Charity has underwritten this move with an arrangement which sees the RNRMC making up the difference between donations and the anticipated revenue from membership fees. This has allowed considerable growth of the organisation which has expanded by over 25% during 2021 and has allowed us to reach more of the wider naval family. 17. **Risk and Reserves Policy.** With the shift in funding model, the Trustees recognise that there is considered to be more financial risk however with the loss of approximately 1000 members per year for over 30 years, the risk in maintaining the same model was obvious – membership numbers had dwindled below 10k for the first time. The Trustees have concluded that the risk set against the Reserves policy remains satisfactory for the uses of the Association. The Association’s Reserves Policy is reviewed annually and aims at holding sufficient Unrestricted and Undesignated Funds to provide funding for the following: - a. To provide financial resilience if donations do not keep pace with the rising costs of providing services to members. - b. To generate income to subsidise current activities. - c. To provide future income. - d. A reserve in case of a major business continuity issue. - e. A contingency for wind up costs to cover legal requirements for redundancy payments; incomplete periods of contracts etc, which the Trustees will be legally obliged to meet. - f. A contingency for other unexpected events. - g. Future projects not yet mature in development. - h. To provide the opportunity to purchase a freehold or leasehold property as the Central Office, since the lease for the present premises in HM Naval Base, Portsmouth is unsecured. 18. **Review of Reserves.** The Trustees have reviewed the level of reserves against their policy and, despite the additional risk of moving to a donation-based income model, have Page | 6 RNA Annual Trustees Report for 2021 agreed that they remain at a satisfactory level. The level of investment income deriving from the Association’s Reserves is an important factor in deciding whether or not to expend or reduce them since investment income contributes significantly to meeting operating costs. The Trustees have also reviewed the policy of maintaining the designated Property Fund and have considered that this is still a valid necessity in order to secure funds needed to acquire property in the event of changes to our current arrangement. The Trustees note that despite presenting a deficit budget to draw down the level of reserves, FY2021 has seen a modest increase in level of reserves due to the improved stock market in 2021 which saw a recovery as the economy reestablished after the falls created by Covid. In order to try to draw down the level of reserves, a hefty deficit budget has been approved for 2022. 19. **Restricted Funds** . The reserves figure is inflated by granted money held for various projects and which are held in Restricted Funds. The generation of income through investment of the reserves is an essential part of the RNA business model as donations alone do not cover expenditure. This policy has not changed with the shift to the donation-based income model. 20. **Offices** . The recent office move has provided the opportunity for a new 3-year lease within the Naval Base. Notwithstanding, the Trustees conclude that it remains prudent to make provision in the reserves to cover the potential costs of providing office space. The property fund stood unchanged at £491,375 at the end of FY2021. The Trustees have reviewed Portsmouth commercial rents, and the trustees consider this remains an adequate figure to provide office accommodation. The requirement to maintain funds in case of a major Business continuity problem remains valid, as does provision against wind-up costs and unexpected events. 21. **Standards Fund** . A minor reserve holding is made against the repair and replacement of Association standards. 22. **Finance Operations** . Due to a staff absence, in February 2021, RNRMC were kind enough to take on the payroll function on behalf of the Association giving more resilience to the payment of Central Office staff. Indeed, the RNRMC have offered to take on more of the back office financial operations of the RNA and this will be progressed during 2022. While the Board of Trustees recognises that this makes the RNA more dependent on the RNRMC, it is understood that our values and objectives are so compatible that this is not seen as a threat to RNA operations. Indeed, it is seen as beneficial as less funding is spent on administration allowing more to be spent on outputs to benefit the membership. ## **FINANCIAL REVIEW** 23. The Trustees make the following observations: **Overall. The Trustees report an overall increase in funds of £50,920 - an increase of 2.62% however this is inflated by the improvement of investments in the Stock Market which did well in 2021. Also, despite a planned deficit budget of £140,750, a deficit of £123,940 (excluding the net gain on investments), was acheived.** **The Trustees are cognisant of the additional risk the switch to a donation based income model presents and are thankful for the support of the RNRMC to allow us to achieve this. Nevertheless, the Trustees are thankful for the level of strategic reserve which gives confidence to allow the safe transition and grow the Association.** Page | 7 RNA Annual Trustees Report for 2021 **a. Operations** . The Trustees were thankful for the £86,614 donated in legacies during the year and, equally thankful to the RNRMC for not including these with the donations in lieu of subs, on the understanding that we would have received these donations anyway. The RNA is also thankful to the RNRMC for taking on the staff payroll function. **b. Donations in lieu of Subs** . £58,174 was raised in donations in lieu of subs while RNRMC made up the difference to £140k which was the anticipated income from 10k members at £14 each. As stated above, the RNRMC were kind enough not to include in this calculation, donations which would have come to the RNA anyway even if subscriptions were being paid. **c. Operating Costs** . The operating costs of the charity increased in 2021 reflecting an increase in outputs for the membership and a recovery from Covid. This year they were £402,183 compared to the artificially low (due to Covid) figures of £302,541 last year. As a more relative comparison, the 2019 costs were £353,688. **d. BCSF** . The Trustees continue to be delighted with the success of the Branch and Club Support Fund minor grants scheme introduced in 2018. The scheme allows the GS to approve grants of up to £250 with minimal bureaucracy. Applications this year have included Branch annual Zoom fees and payments to some Branches during lockdown to print and send out the Semaphore Circular to Shipmates not connected to the internet. **e. Trading income and VAT** . There is an uncertainty of the Association’s VAT status now that we have moved to a donation-based income model, so it has been decided to pay back the input tax previously reclaimed throughout 2021 and renegotiate our position with HMRC. This will be taken forward during the current FY. **f. Gift Aid** . The switch to a donation-based income model prompted a reissue of Gift Aid forms which has developed an improved income of £4427 against last year’s £1335. **g. Investments** . Investment income is reported under FRS102. Investments remain held in a Custodian arrangement with the RNRMC. The value of investments at Year End was £1,836,937 which reflects a recovery of the stock market from last year where the market value at year end 2019 was £1,696,873. Our National Treasurer, S/m Ian Irvin represents the RNA on the RNRMC’s investment Committee. **h. The Naval Service Memorial Fund** . Expenditure on the fund was £897 leaving £10,705 The fund stands at a sustainable level with 10 years worth of insurance and maintenance in hand. **i. Standards Fund** . The standards fund had exceeded the cap of £10,000 so the surplus has been transferred to the BCSF. ## **Annual Accounts** 24. The main element of the Accounts for the year ended 31 December 2021 is the Statement of Financial Activities for the year, which is an annex to this report. 25. It is important that the Statement of Financial Activities and Balance Sheet are read in conjunction with the Notes, which appear in the Accounts. The market value of Investments Page | 8 RNA Annual Trustees Report for 2021 is as stated in Notes to the Financial Statements. 26. The Trustees remain indebted to the auditors Brooms for their continued support and guidance. ## **Public Benefit** 27. The Trustees confirm that they have taken due regard of the guidance contained in the Charity Commissions guidance on public benefit, set in ‘Charities and the Public Benefit – Section G’, when reviewing the Charity’s aims and objectives; and in planning future activities and setting the grant making policy for the year. The Trustees note the ongoing exceptional public benefit provided by Project Semaphore iPads, the SPARKO Project and the LIBOR minibuses. ## **Risk Management** 28. Risks have been assessed by the Trustees, and the Risk Management Policy is reviewed annually and The Risk Register at the National Council meeting regularly. Financial risk is assessed in the 10-year forecast. The most significant financial risks are: the switch to a donation based income model will not realise the funds required to operate the Association, movements in financial markets affecting investments and the MoD unexpectedly terminating the lease on Semaphore Tower offices. 29. The main strategic risk is to membership numbers. The strategy of switching to a donation based income model and the development of Special Interest Groups where members are encouraged to form groups to feed their interests and hobbies, demonstrate relevance to a younger cohort and serving personnel and are already proving attractive – the Association has grown by over 25% during 2021. Marketing and communications are tuned to this goal. 30. Risks to the Association and to the RNA’s support of its Trustees are mitigated by adequate insurance, which has provided a significant protection to RNA funds in previous years. Insurance has been expanded to include the activities of the mentoring at HMS RALEIGH and also includes liability insurance for the National Standard Bearer when on RNA duties. The Association is GDPR compliant and has invested in strong security of members’ data held in the new database server. Nevertheless, insurance also exists for data breaches including hacking and theft. 31. The most serious operational risk is slip, trip and medical emergencies during RNA events. The Charity mitigates this risk by training all the Central Office (HQ) staff as Red Cross qualified workplace first aiders and the acquisition of an Automated External Defibrillator ## **STRATEGY AND 5 YEAR PLAN** 32. Year 1 on the top left of the slide below represents 2021. We benefited from a pro bono series of Q5 Consultancy sessions which helped us to articulate this 5 year Plan. Broken down into a number of mutually supporting ‘Lines of Action’ on the left hand side (each with a CO staff member lead) all effort aligns to our Objects in Paragraph 14 above, pointing in one direction towards a realised RNA vision. This is only a late 2021 snapshot, albeit quite a busy one. It will certainly mature and develop as a living Plan, according to future priorities, decisions and shifting realities, and the input from Shipmates is always welcome. Page | 9 RNA Annual Trustees Report for 2021 ## **ACTIVITY REPORT** **Key Lines of Action activities for 2021 – Year 1 of a 5 Year Plan** ## 33. **Events/Drumbeat** Central Office arranged a curtailed number of Open Days in 2021 due to the pandemic, which were much enjoyed by Shipmates. The Open Day features a sandwich lunch, RNA Brief and Boat trip of Portsmouth dockyard. Branches from all over the UK have previously enjoyed this event. The Events ‘squad’ were fully engaged during 2021, despite the pandemic, organising the monumental production of two national events within days of one another. Firstly, the RNA Conference held in early September 21 in the Crown Plaza Nottingham. On Friday, prior to delegates arriving, staff provided in-depth briefings to National Council members on the current drumbeat featuring a plethora of current projects/programmes, from IT to the Uckers World Championship (more of which later). Saturday featured the National AGM with the supersession of the National President. Our guests included the Sheriff of Nottingham and Naval Regional Commander, Cdre Rob Belfield RN, and 2SL’s Naval Presentation Team who delighted the Shipmates with their dazzling presentation. Sadly, it was the last appearance of colleague Shipmate Nigel Huxtable BEM as a member of staff at Conference, where he was Page | 10 RNA Annual Trustees Report for 2021 commended for his 12 years’ continuous service and awarded Life Membership. Sunday saw the Chaplain of the Fleet, The Very Reverend Andrew Hillier, conduct a service in the Hotel, and on completion the Shipmates headed home after a very successful evolution. Secondly, two weeks later, the RNA and Naval Associations paraded in Whitehall. Over 500 hundred personnel formed up from the RN, RNA, Naval Associations and led by a RM Band were reviewed by Rear Admiral Phil Halley CB MBE as they moved past the Cenotaph saluting base. 34. **Communications.** The Trustees remain grateful to Greenwich Hospital for the funding of the Communications Manager’s post which has been absolutely fundamental to the success of 2021. To ensure we achieve our 5-year goals our Comms Plan will be rolled out, with new projects and branded RNA merchandise ready to be set up. This includes the creation of an Instagram, a rejuvenation of the Dit-On Podcast, media coverage for the F40 weekend and new Special Interest Groups that appeal to a wider age range. A key element for recruitment this year will be exposure and the more online spaces we can reach as well as physical (such as open days) the better. ## **Ongoing Projects/Initiatives** - **(1) Semaphore Circular.** This is the monthly newsletter of the Association which is published on the first Monday of the month. - **(2) Semaphore Short.** The Semaphore Short is a weekly publication sent out on the Mondays when the Semaphore Circular is not published. As with the Semaphore Circular, it now goes out to all the membership who have an email address on the Central Database which is 96% of the membership. - **(3) Falklands 40 –** this is the Main Effort for 2022 and comms are crucial to the success of the weekend which is planned to _Reunite_ _**,** Relive and Remember_ . There are now approximately 7 x more Falklands veterans in the membership than there are WW2 veterans. On a strategic basis, it allows the Association to achieve the objective, _To perpetuate the memory of those members of Our Naval Forces who have died in the service of their Country._ A logo has been designed for the occasion. - **(4) Dit On Podcast.** In 2021 we ran a very successful Podcast called _Dit On_ , with funding from the Morrisons Foundation (the supermarket’s charity). Our host is a lady called Jenna Brodie, who is a veteran herself. She plans a second season in 2022. - **(5) Fireside Chats and Saturday Night Virtual Tot.** The twin online initiatives of the Saturday evening virtual tot hosted by the Wrexham Branch (BZ!) and the Monday evening Fireside Chats, continue to be popular. A list of Fireside Chats from 2021 is enclosed. - **(6) Yearbook 2022.** The Central Database has allowed us the ability to post a copy of the Yearbook to all members’ households. This is the first time that this has been achieved and although a costly evolution, it is the only occasion that something physical is despatched to the entire membership so is considered a worthwhile exercise. It also gave the opportunity to remind those who might not have already set up a Standing Order to donate to the Association. Page | 11 RNA Annual Trustees Report for 2021 - (7) **Sparko TV/Project Semaphore/Reaching Out By Your Side.** Support to all Welfare/wellbeing projects and programmes has also been a priority. - (8) **QR Codes.** We have used QR codes to drive people to our ‘Join Us’ page on the website across all of our marketing material. A general QR code was used for our ‘Once Navy Always Navy’ marketing material and by our Central Office staff on signatures/stationary. We then generated a new one for the Raleigh Marketing material specifically. You can then measure how many clicks we are getting with the different codes. You can make this more specific as you go – eg having a new one for any Falklands 40[th] marketing material. It is a really useful way of measuring the success of specific campaigns and we will be able to report next year on this. We generate the codes through a website called QR Code - - - Generator Pro – log in details on the list below. https://app.qr code generator.com/ Current QR Codes: General QR Code HMS Raleigh QR Code ## 35. **Governance** (see paras 8-12 above) ## 36. **Operations and Membership** In Central Office a new database was unveiled and brought up to FOST operational standards, a vast difference from its predecessor - the ‘paper file’ located in the Storeroom! Now we can send emails directly to all members who have email and draw reports only dreamt of previously. Secretaries have access and can update membership information instantly. Another change staff are getting used to is the deletion of the Subscription funding model and installation of the Donation model and substantial increase in membership. (See graph below). This has been the first increase in membership numbers for over 30 years so the Trustees are proud to be able to say that the Association finds itself in a period of growth. Other than London and overseas, all Areas have improved membership numbers and we believe that the dips in these Areas are more due to not registering members on the new Database. This will be addressed in 2022. More staff has meant that the Association has been able to offer more to our beneficiaries (the membership) through improved Welfare/Wellbeing Support and other benefits of membership. As well as growing in size, using the Objects of the Charity as a scorecard, the Association can clearly demonstrate an improvement to it’s outputs during 2021. Page | 12 RNA Annual Trustees Report for 2021 Membership of the RNA 2015 to 2022 17,000 16,000 15,000 14,000 13,000 12,000 11,000 10,000 9,000 8,000 7,000 6,000 2015 2016 2017 2018 2019 2020 2021 2022 Year RNA Annual Trustees Report for 2021 Page | 13 ## 2021 Membership Matrix |2021 Membership Matrix|2021 Membership Matrix|2021 Membership Matrix|2021 Membership Matrix|2021 Membership Matrix|2021 Membership Matrix|2021 Membership Matrix|2021 Membership Matrix|2021 Membership Matrix| |---|---|---|---|---|---|---|---|---| |Area|Life|Full|Assoc||Year 2021||Year 2020|| |1|11|59|204||274||364|| |2|41|335|250||626||520|| |3|59|713|511||1283||1048|| |4|91|761|356||1208||1022|| |5|44|352|472||868||765|| |6|27|217|333||577||405|| |7|34|254|317||605||502|| |8|52|368|561||981||780|| |9|38|236|406||680||416|| |10|64|501|538||1103||924|| |11|51|345|227||623||433|| |12|21|145|196||362||363|| |Scotland|31|326|138||495||246|| |Overseas|8|152|138||298||509|| |HQ|66|2219|473||2758||1278|| |TOTALS|638|6983|5120||12,741||9,866|| The new database has also allowed us to add new fields so we can have a better understanding of the demographics of our membership. We are keen to attract younger Shipmates into the Association to give the organisation a younger feel and to give it some longevity. The data below is encouraging in that it shows that the majority of new joiners are Full members and the numbers of Serving members who have joined the Association are also increasing. Page | 14 RNA Annual Trustees Report for 2021 2021 also resulted in an increase in Special Interest Groups (SIGs – see below), ranging from Model Making to Cricket, and it is envisaged they will play a significant role in the Falklands 40 (F40) weekend in mid-June 2022. Central Office has also learned, with everyone else, the new world of ‘Zoom’ and ‘Teams’ and await an uplift in Wi-Fi capability, to facilitate this better. Outside the building new RNA CO signage has been ordered and should arrive shortly (ships stuck in the Suez Canal aside!). Shipmates will then discover where we have been hiding (see Paragraph 13 above) since our move from Semaphore Tower two years ago. ## 37. **Welfare and Wellbeing** The continued collaboration and support of RNRMC provided Central Office with the new position of ‘Welfare Programme Manager’. The main role, to establish and centralise the Welfare and Wellbeing piece, continues to scope current business activities and desired outcomes which support the 5-year Strategy Plan. Early engagement with key stakeholders – NCMs, National and Deputy National Welfare Advisors, Area Welfare Officers, Branch Welfare Officers and external supportive agencies (RNBT, VOS, etc) has provided insight into desirable appetite for change, opportunities for collaboration and future partnerships along with outstanding concerns. Significant requirements remain to establish legal and safe practices within the operations of low-level case management – Enhanced DBS checks and adherence to GDPR, supportive and effective supervision and safeguarding training. The Branch Welfare Officer’s Handbook is nearing completion and will provide Advice, Information and Guidance for any Shipmate who engages in, or is concerned with the welfare or wellbeing of another. Scoping has identified the requirement to develop and support a volunteer recruitment and training project to support those who so admirably give of their time. Page | 15 RNA Annual Trustees Report for 2021 Project Sparko (fully funded by RNRMC). Initially a pilot project to the Northeast/Northwest and Midlands is now national (not however in Ireland yet). We have successfully reached 108 beneficiaries. KPIs were set at 200, however quality of engagement is currently being embedded over quantity. Lessons learned are that significant support is required to beneficiaries and branches to develop the communities of support indicated as success markers by Sparko management. There remains much to do with building local communities and as with Branch Welfare Officers there is a requirement to recruit individuals into volunteering roles to achieve this project’s expected outcomes and successes. Project Semaphore (funded initially by LIBOR, now Armed Forces Covenant Trust Fund AFCTF). Jules Royston moved on to other challenges in November after successfully delivering this project for several years. Gemma Swanson, formerly a Grants Administrator at RNRMC joined us in January 2022 and brings with her significant skills and understanding of the charitable sector and further cements our desire to align our ambitions to those supportive Naval charities for the benefit of our membership. Business As Usual activities and general requests for help continue to filter through Central Office via telephone and email and the number, breadth and context indicate shipmates and their families’ complex concerns and requirements for help and signposting. An encouraging development has been the awareness of the Association from within the Naval Service Welfare Organisation – RNFPS - and the potential reach of our support for the benefit of serving personnel and their families. This step-change is backed up with activities supporting the CSG21, the St Vincent Serving and veteran community with recognition of value to membership and support outcomes. Finally, following the end of Shipmates & Oppos 1.0 in early 2020, it was nevertheless felt that a separately funded opportunity might still exist to kick-off an upgraded S&O 2.0. In close liaison with RNRMC and the new SO2 Leave Well in RN Personnel & Training, we successfully sought Veterans Foundation funding in late 2021, and look forward to seeing this develop as a vital RNA-led tool for service leaving shipmates to link up with those oppos already gainfully employed outside of the RN (in some cases to persuade them to remain in a fair bit longer!). ## 38. **Fundraising/Partnering** With a clear aim to work closely alongside RNRMC a new Fundraising and Special Events role in Central Office was created in early March 2021. Our newly introduced free membership model needed an equally new fundraising perspective, and this has been provided. Although corporate fundraising was always going to be limited and beyond our remit (despite BAES granting £3000 to underpin our F40 activities), we have explored other untapped sources of potential support and sponsorship. Principally, we aimed to reinforce RNA welfare programmes (such as Shipmates & Oppos 2.0, with £20,000 from the Veterans Foundation for 2022), and provide greater merchandise choice and revenue (still very much under review: Shop | Royal Naval Association (royal-naval-association.co.uk). As well as the RM Shop, we have built refreshed, trusted and relational benefit deals with Forces Cars Direct, the UK Holiday Group, HMCA Insurance et al, hopefully suiting a broader range of RNA member types and ages, seeing much improved contributions to the Association over time. Solid, collaborative, mutually supporting partnerships are key to extending our reach, capability and membership. We have actively strengthened our connection with RNRMC in many areas, including shared Reaching Out By Your Side (ROBYS) programme governance, designed to Page | 16 RNA Annual Trustees Report for 2021 deliver wellbeing outputs together. ‘Staff Talks’ with the Naval Families Federation and RN Benevolent Trust have also taken place, with important joint actions agreed, and future engagements with other likeminded naval charities are planned as an ongoing part of our approach. With the RN itself, especially in the personnel area, we are closely linked, and seen as an important enabler for their own work – as such, our National President signed a refreshed Memorandum of Understanding (MoU) with the Second Sea Lord in September, and 2SL has agreed to send a letter to all Commanding Officers of RN/RM Ships, Shore Establishments and Units, asking them to encourage leavers to join the RNA and experience the benefits. Lastly, by securing the AFC Employer Recognition Scheme Bronze Award in 2021, we are well placed to achieve Silver in 2022, and we aspire to Gold the year after. Page | 17 RNA Annual Trustees Report for 2021 ## **C ’ C** Reference to the National Council and elected National Council Members (NCMs) within this report should be read as National Trustees of the Association’s Registered Charity. As with previous years’ reports, I do not intend to repeat what you have already read up to this point within the Main Report but will touch on just a few matters. The year started with the ongoing epidemic of Covid-19 preventing National Council, and National Sub-Committees being held face to face unless the regulations allowed, but having to hold virtual meetings using Zoom, thus adhering to the Government’s policy on restricted travel and social distancing. With 50% of meetings being held via Zoom, financial savings resulted to the Association from reduced travelling and accommodation costs. Similar restrictions with regards to holding face to face meetings throughout the Association at both Area and Branch Levels presented the challenges experienced in 2020. During the year both myself and Shipmate Paul Stephenson NCM 12 (Ireland) were re-elected by the National Council as National Chairman and National Vice Chairman respectively for our sixth year in office. Both Paul and I feel privileged for the confidence placed in us by the National Council to allow us to continue serving the membership and representing the Association. During 2021 several changes took place among elected Members of the National Council. These were NCM 2 Victor Allen who retired after several years of loyal service. NCM 4 Arthur Gutteridge stood down and was succeeded by Warwick Belfitt. NCM 5 Jim Hammond sadly passed away in September with Peter Chivers being elected. NCM 7 Gordon Williams retired to become the Area Chairman with Lance Higgon-Young being elected. NCM Scotland Ian Irvin stood down to pursue his responsibilities as the Association’s National Hon. Treasurer with Stephen Elliot being elected. The service of Jim Hammond and those who retired or stood down is acknowledged. As mentioned elsewhere in the Report, the Association’s Finances continued to hold a steady course throughout the year, with our funds remaining well cared for, being invested on a custodian agreement with the RNRMC. The National Council acknowledges the expertise of the RNRMC Investment Team in achieving this. The Association’s National Hon Treasurer now represents the Association on of the RNRMC Investment Committee. The National Council expresses its gratitude to all members of the Association for their endless hours of support, the Good Deeds they have done in representing the Association and supporting the naval veterans’ community. In particular, I thank all Members of the National Council in giving numerous hours of their time to deal with National and Area business. The demanding work and dedication of Central Office staff is acknowledged in the administration of the RNA, for producing the statistics and contents of this, the Association’s Annual Report, and their support to the National Council. The National Council commends the General Secretary for achieving his vision of reversing the decline in the membership by introducing his plan approved by the NC and the membership of Zero Subscriptions in lieu of Donations. This could not have been achieved without the support of the RNRMC for which the National Council is gratefully thankful. The National Council acknowledges the entire Central Office Team who have worked extremely hard throughout the Page | 18 RNA Annual Trustees Report for 2021 year with new members of the team getting to know their new roles and the entire team for delivering a first-class service not only to the membership, but naval veterans alike. The introduction of Donations in lieu of an annual subscription, and the amazing increase of almost 3,000 new members certainly gave our membership secretary a challenge to keep her on top of the mountain of both physical and online copies of application forms. It certainly brought home the meaning of ‘Watch on, Stop on.’ As mentioned in my 2020 Report, recruitment is not just something that must be left to Central Office Staff, we the members cannot afford to sit back on our laurels. New members are out there, let us continue to do our best to recruit them into this 1st Class Naval Association. The eruption of the stratovolcano La Soufriere on the Caribbean Island of St. Vincent prompted an immediate Grant of £5000 by the Association to the disaster appeal fund. This helped assist those from the Island serving in the Royal Navy to communicate with family and loved ones back home. In addition, an appeal in the Portsmouth Area and to the membership for clothing, food, and any useful household items to replace those which residents had lost when they abandoned their homes. Our Portsmouth Minibus was mobilised and driven into action by Central Office Staff who set about a collection service in and around the Portsmouth Area and travelling as far north as Cambridgeshire. An outstanding example of Comradeship and morale support to Shipmates from the Island serving in the Royal Navy and supporting the Islanders. This reflected two of the Association’s Core Values; Loyalty and Comradeship of which members can be Proud. With the Association’s new Database asset bedded in, Central Office can now communicate directly with all members connected to the Internet. For those who are not, we rely on Branch Secretaries, Welfare Officers, and Members to make that local friendly contact. In addition to the Central Office Team, the work and commitment by six Members of RNA Bracknell, Huntingdon, Portsmouth, and Wrexham Branches is commended for their unstinting background support in providing the Royal Naval Community Site, the Virtual weekly delivery of the Fireside Chats and Saturday Night Virtual Tot Nights, not forgetting the General Secretary for providing the speakers for the Fireside Chats. These have brought Shipmates together both country and worldwide who may never have previously met but have now become friends and indeed have met up. The National Council acknowledges the outstanding service and commitment given by Nigel Huxtable BEM who was the Assistant General Secretary/Membership Secretary for 13 years. Nigel retired towards the end of 2021 and was awarded a BEM in the New Year’s Honours List. We also acknowledge the service of Michelle Bainbridge, who left the Association after some 10 years as our Finance Controller. Our thanks go to Julie Royston who stood down from her contribution over several years to make Project Semaphore a remarkable success. The project distributed almost 1000 iPads to digitally isolated naval veterans. The voluntary work of Julie and her dedicated team, who continue to train and give ongoing support to existing and new recipients of the iPads as and when required, is acknowledged. With the relaxing of Covid regulations towards the end of 2021, our Branches throughout the UK, Europe and Overseas have been able to make the Association’s presence known in attending Annual Commemoration and Remembrance Services in respect of those who made the Ultimate Sacrifice in the Service of their Country on active service or fell victim to Covid. We shall not Forget them. Lest we Forget. The easing of the Covid restrictions during the year allowed me to attend several Area & Branch Meetings, from which I came away secure in the knowledge that Shipmates are doing a fantastic job representing the Association within their communities. The National Council Page | 19 RNA Annual Trustees Report for 2021 acknowledges the contribution made by members in not only supporting fellow Shipmates who had to isolate, but also other isolating elderly naval veterans throughout their communities. ## _Keith Ridley_ Keith Ridley National Chairman ## Annexes: - A. Life memberships awarded in2021 - B. List of Fireside Chats conducted in 2021 - C. List of SIGs with lead contact details Page | 20 RNA Annual Trustees Report for 2021 ## Annex A ## **Life Memberships awarded to Shipmates in 2021** |T Hill|Ramsgate| |---|---| |A Hamilton|Monmouth| |J Garfield|Londonderry| |E Mitchell|Londonderry| |A Rootes|Lee-on-the-Solent| |K Elliot|Scottish| |G Meredith|Shrewsbury| |N Huxtable|HQ Roll| |R J Barker|Letchworth| |M Belfitt|Liskeard| |T Lapsley|Londonderry| |R Tipping|Plymouth| Page | 21 RNA Annual Trustees Report for 2021 ## Annex B ## **Fireside Chats Programme 2021** |11-Jan||WO1 Ian Wilson|2SL Warrant Officer| |---|---|---|---| |18-Jan||Capt John Voyce|CO HMS SULTAN, The history of the Naval Sword| |25-Jan|||Burns Night| ||||CO BRNC Dartmouth - the challenges of training in| |01-Feb||Capt Roger Readwin|the Covid environment| |08-Feb||Sir Robin Knox-Johnston|| |15-Feb||Alex Sharpe|China Fleet Club| |22-Feb||Mike Milne|Scapa Flow| |01-Mar||Dr Jann Witt|Mutiny and Piracy| |08-Mar||Ian Cameron|Vaccines and The Immune System-A Layman’s guide| |15-Mar||Craig Jones|Fighting with Pride| |22-Mar||Spike Timpson|Gallipoli and the submarine VCs| |29-Mar||Terry Corner|Submarine Cables| |05-Apr||Easter Monday FSC slipped|to Tuesday| |06-Apr||Mike Milne|Op Chariot - The St Nazaire Raid| |12-Apr||Janet Daykin|Prostate Cancer Briefing| |19-Apr||Terry Corner|The Zeebrugge Raid| |26-Apr||Bill Oliphant|RNA Strategy and Update| |03-May||Bank holiday - slipped to Tuesday|| |04-May||Jon Pearson|BAE Systems Support to the RN| |10-May||Paul Godfrey|The Story of HMS Ark Royal IV - 1955 to 1978| |17-May||Ralph Dodds|Norway 1940 - War in the Fjords| |24-May||tbc-HOOD Assoc|The sinking of HMS HOOD| |31-May||Bank holiday - slipped to Tuesday|| |01-Jun||Terry Corner|Dunkirk| |07-Jun||Nick Hewitt|D-Day - The Story of LCT 7074| |14-Jun||Steve Bomford|Company of Makers| |21-Jun||Dr Jann Witt|Mutiny and Piracy| |28-Jun||WO1 Carl Steedman|RN update from the Office of 1SL| |05-Jul||Andy Dodds|CRAM - Phalanx on a lorry in the desert in Iraq| |12-Jul||David Griggs|Op Rheostat - Mine clearance in Suez 1974/75| |19-Jul||Ian Cameron|The Battle of Hastings| |26-Jul||Brig Ian Gardiner|Oman - the vital, unknown war 1965-75| |02-Aug||Capt Bill Evans|Marine Accident Investigation Branch DOT| |09-Aug||Zoe O'Gorman|RM Bands| |16-Aug||Tom Palmer|Arctic Star - writing fiction in a historical context| |23-Aug||Mike Milne|HMS BELFAST - The story of a Ship| |30-Aug||Cancelled Bank holiday|| ||Live at||| |04-Sep|Conf|Ralph Dodds|Winston's Back!| |06-Sep||Richard Jones|Maritime disasters - Finding the truth| |13-Sep||Anthony Moth|K Class (Kalamity) Submarines and the sinking of K13| |20-Sep||Orit|SPARKO| |27-Sep||Richard Jones|History and Writing| |04-Oct||David Griggs|Life in RN submarines in WW1| Page | 22 RNA Annual Trustees Report for 2021 |11-Oct|Mike Milne|_Ark Royal_(1937-41) - Her life, death and rediscovery| |---|---|---| |18-Oct|John McAnally|The Battle of Trafalgar - the Immortal Memory| |25-Oct|Angus Konstam|HMS Hermione Mutiny| |01-Nov|Andrew Whitmarsh|D-Day through collections of The D-Day Stor| |08-Nov|David Griggs|SSAFA| |15-Nov|Alan Gregory|CWGC| |22-Nov|Anthony Moth|Leander Class Frigates| |29-Nov|Nigel Huxtable|Career Highlights| |06-Dec|Richard Jones|The Sinking of HMS PoW and REPULSE| |13-Dec|Matron Dodds|The Confessions of a Health Professional| Page | 23 RNA Annual Trustees Report for 2021 Annex C ## **List of Special Interest Groups/Branches with lead contact details** Camping and Caravanning – Ron Shilton: rna.camping.caravan.motorhome.club@gmail.com Classic Cars – Mike Burnham: hon.secretary@rnarayleigh.org Cricket – Mark Smith Markmiff1962@gmail.com Cycling – Craig Fulton: craig@govguide.co.uk Divers – Bill Lawless: billylawless40@yahoo.com Fishing – Gus Honeywood/Selwyn Davies/John Stephenson: rna.fishing.sig@gmail.com Golf – Colin Dinsdale: rna.golfers@gmail.com Model Makers – Gary Daisley gddaisley@blueyonder.co.uk Riders – Dave Ives: secrnariders@gmail.com Rugby - Gus Honeywood: gus.honeywood@gmail.com Page | 24 RNA Annual Trustees Report for 2021 THE ROYAL NA VAL ASSOCIATION Charity Re￿$trai10n Number.. 266982 STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021 BROOMS PROFESSIONAL SERVICES LIMITED CHARTERED CERTIFIED ACCOUNTAIYTS REGISTERED AUDITORS Th¢ Royal Naval Association statgmenl of the Trustges, R¢sponsibilitie¥ The trustees are required io Prepare accounts for each fitlancial year which give a true and fair view of the Asso¢ia¢ion's financial activitl¢s during the year and of its financial position 8t the end of the year. In preparing those accounts. the trustees arc required to.. Select suitable accounting policies and then apply them con5i5tentSy, Make judgements and estimales that are r¢asonable and pn]denl, Stale whether applicable accouniing standards and statements of re¢ommended practice have been followed, subject to any material departures disclosed and explained in the 8CGOUTits. Prepare the a¢count5 on the going concern ba5i5 unles5 It is inappropriate to prtqume thai the A550ciation will continue its activities. The IrLJSt¢¢s (through th¢ g¢neral 5ecrelaryl are responsible for keeping PTopgr accounting re¢ord5 whi¢h disclos¢ with reasonable accLTracy the financial p0511ion of the Association at any lime. They also are responsible for 5afeguardÈng Ihe assets of the Association and hence for laking rea50n&ble steps for Ihe prevention and detection of fraud and other iffegularities. Independenl Examlner5' Report to th& Trustees of Tht Royal Naval As$o¢iation forth¢ year ended 31st December 2021 I report on rhe accounts of the Chariry for the year ended 3 1st December 2021 Respective respoth$ibilitie5 of trustees and examiner The charity's tNstees are Tegponsible ftsr Preparing tbc Trust￿, Report and the financial staiemenis in accordance ￿ryth appli¢able law and Uniied Kingdom accounting standards (Uniied Kingdom Gcncrally Acccpied Accounting Practice) are set out in lh¢ Staletn¢nt of TNstees' Responsibilities. ThE choritys trustees consider that an aiidii is not reqviT¢d foT this y¢ar (under ￿(tiOn 14412) of the Charitie5 Art 2011 {the Charit1¢5 A¢tll and that an independent exarninalion is needed. It i$ my r¢5ponsibility to.. examinc the accounts (under section 145 of the Charities Aci 20111.. to follow the proc¢durts laid down in thc Gcneral Directions given by the Charity ComissiorteTS lund¢T s¢Glion 14515llbl of the ChaTltics Act 20111. and to srate wheiher paTli¢iil2r rnalter5 havc come to OUT aTt￿tIOn. Bi$is of independent examiners. report My exarnination was Ca￿led out in accordance with the general Dirccton5 given by the Charity ComTlli5sioncT5. An ¢xarninatTon includcs a review of thc accouniing records kepi by the chariry and a comparison of the iccounts presented with those retoids. It 4150 sncludes constdeTaiion of any unusual il¢m5 or disclosurcs in ihe accounis, and the sceking of cxplanaiions from you as Irustces concerning any such matte￿. The procalures unikriakcn do not providc all the evidcnce Ihal would be ￿qUIred in gn audTt and, cDnsequenily¥ Do opinion is given as to whether the accounts present a irne and fair view" and the report is limited to those matters 5cI our in the Statement below. Jndepgnderti a¥iiinineis'sla¢einenl Jn eonrtection with my cxamination, no matter has cotne 10 rny aiieniion.. which gives tne rea50nablc cause to bclieve thai, in any rnaterial respect, the requirements.. {al io keep accounting record$ io 8¢cor#n¢¢ wih section 130 of the Charit1¢5 Act 2011- and {bl to PTepare accounts which accord with th¢ 2¢¢0untirtg r¢¢ords and to comply with the a¢¢ounting rtquir•n¢nls of the Charities Act2011 and the regulations made therciindcr have not been rneL or 10 which, ID rny opinion. attention should be drawn in order 10 enabl¢ a proper und¢rslanding of the accounts to bc rcach¢d. Signed 4th Ma￿h 2022 Sonia Shah FCCA ACA CTA Brooms Pro(es5ional ServÉce5 Ltd Broom Housc 39143 London Road Hadleigh Benflect Es'sex SS7 2QL onx¥ on*è Ill The Royal Naval A550ciation Balanee Sheet as at 31st Deeember 2021 2021 2020 Notes Flxed assets 1,348 1.882 Investments 12 1,836.937 1,696,873 Current assets Stock of goods for resale Debtors Balances with bankers Cash in hand 13.001 40,762 207,077 9. 706 47,166 366,632 93 13 Tolal ￿rrent ossels 260.840 423,597 Creditors: amount5 falling due within one year Creditors 14 107,892 182,039 107,892 J82,039 Nei current assets 152,948 241,558 rolal assets less curreni liabililitS 1,991.233 1,940,313 Unrestricted funds General thnd Lifc subscription fvnd Standards fund Properly fund 1,297,122 12,015 10,000 491.375 1,280,998 14.161 10, 795 491,375 Restricted fund5 Central charities fund 1000 good de¢ds fund Branch and club support fvnd Naval service memorial fund Project semaphore fund Helping hands fvnd Comm5 fund Irish transport fund Minibus ￿nd Podcast fund Wellbeing salary filnd Sparko N ￿nd HMS Mars fvnd 10,176 4,622 31,768 10,705 19,465 3,333 19,872 8.304 16215 537 51,039 4,465 220 lJ,549 4,556 33.240 IJ,602 29,886 3,632 8,304 21. 778 610 17,829 1991.233 J.940.3J3 These financial statements were approved by th¢ Trust¢cs on 4th Mar¢h 2022 and signed on their behalf by.. Vice Admiral D Potts CB President I ITvin FCCA Honorary Tieasurer The Royal Naval A550ciation Statement of Cash Flow as #t 31st December 2021 2021 2020 Cash flow from fund activity Net movement in ￿ndS Reconciliaiion to cash generated from operations". DepTeciation Investment income Net lossllgainl in investments Increas¢ in stocks Decrease in debtors D¢crea5e in crediiors 50.920 (104.301) 534 {34,6021 (140.0641 (3,2951 6,404 {24.1471 304 (47,J73) 6Q,157 434 (4.959) 26,241 Net cash flow from fund activitie5 69,297 Cash now from Investlng activities Payments to acquire tangible fixcd assets PayrnentS to acquire inv¢stments R¢¢oipt5 from disposal of investments Inierest received (1, 721) {247) 205.614 47,J73 34.602 Net ca$h flow from investing actlvltles 34.602 250,819 C4sh flow from ftn#nelnE aetivitie5 {50,0001 50,000 Net cash f]ow from financlng aetiYitie5 50.000 50,000 Net Increase l (deerea$e) in ¢ash and cash equivalents (159,648) 231.522 C4sh aDd cash equivalents At start date 2021 366,725 135,2Q3 Cash and cash equlvAlent$ at eDd date 2021 207 077 366. 725 Cash and cash equivalents conslsts of: Cash at bank and in hand Short terni d¢p051ts 207,077 366, 725 Cash and cash equlvalents at end date 2021 207.077 366 725 The Royal Naval Assoclatlon Notes to the Aetount5 for the year ended 315t Deeember 2021 l. Aecounting Pollc5es a. Accounting Convention The financial statements have been PTepared under the historical cost convention. modified for the revaluation of IDV¢Stments. They have been prepared in accordance with the Statement of Recommended Practice- Accounting and Reporting by Charities preparing their ao¢ounts in accordance with rhe Financial Reporting Standard applicabl¢ in ihe UK (FRS 102) issued on 16th July 2014, applicable accounting Standards and the Charities Act 2011. They have been prepared on an ac¢ruals basis of accoun(ing. b. Reconciliation with prcvious Generally Aeeepted Aceountlng Practlee In preparin8 the accounts, the tn]stees have considered whether in applying the accounting policÈe5 required by FRS102 and the Charities SOR￿ FRS102 a reSta￿ment of comparative items WAS needed. No restatements were required. Income Recognltion Income is recognized in the period when the Association is entitled to receipt and the amount can be measured with reasonable a¢cuTaCy. In accordance with this policy. Legacies are included when the Royal Naval Association is advised that a payment will be made and the amount involved an be quantified. Graiils are in¢ludrd when the condition5 for receipt have been complied with. Gs[Is iii kiiid and tangible income are included at Cost 10 the donoT if known. or the value lo The Ro)Yl Naval Association at the date of receipt. The accounting policy for subscription income is detailed below. d. Fund Aceountlng General hnds are unrestricted funds which are available for the use at the discretion of the twst¢es in fi]rth¢Tance of th¢ general objectives of the Charity and which have not been designated ftsr any other PUTPOSe. Designated funds are comprised of unrestricted fund5 that have been set aside by the Itustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial sta¢eTnenlS. Restricted funds are ￿rtd$ which are to be used in accordatjce wi(h specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fvnds. The aim and use of each restricted fund is set out in the notes to the financial statements. Invesknent income and gains are allwated to (he appropTiate fvnd. e. Donatlons Donation5 are taken as in¢ome upon receip¢ and allocated to each relevant fund as advised. f, Llfe Members, Sub$eription5 Life subscriptions cannot be purchased by individuals, biit only by Branches and Areas in recognition of meritorious service. Life subs¢TiPtions received are broughi into the A¢¢ounts as income by equal insthlmenls over a period of ten years. g. Glft Aldcd Subseription5 IncoTne Tax is recoverable from HM Revenue & Customs in respe¢t of subscriptions paid by gift aid, and is tsken into account in the year the 5ubs¢riptions are Teceived. The Royal N#Yal Asso¢52tlon Notes to thc Accounts for the year ended 31st Dcc¢mb¢r 2021 l. Accounting Pollele5 (tontlnlled) h. Investments Bank Dep051ts Inveslmeots are stated at [[￿rket value a5 at the balance sheet date using the closing quoted market price. Realised gains and 1055es on investments ar¢ ￿]CUlated as the differenc¢ betw¢¢n sales proceed5 and their opening carrying value or theii purchase value if acquired subsequent to the first day of the finacial year. Unrealised gains and105ses are calculated a5 the difference between the fair value at the year end and their carwng value. Realised and unrealised Bains and losses are Combined in the Statement of Financial Activities. Dividends and interest receivable aTe in¢lud¢d in the income and expenditure account when they are received at an amount which includes any tax credit recoverable from HM Revenue & Customs. Interest receivable from fixed terni deposits are accNed in the period that ii is due. Expendltur¢ Re¢ogDltion Liabilities are recognised as expenditure as soon as there is a legal or consiwctive obligation committing the charity tg that expenditure, it is probable that settlement will be required and the amount of the obligation be measured reliably. All expenditure is a¢counred for on an accrnals basis. All expenses including support costs and governance COS15 are allocaied or apportioned to the applicable expendi￿re headings. j. Allo¢atlon of Support and Govtrnanee Costs Support costs have been allocated between goveTnance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compli&nce with regulation and good practice. The only apportionment io govemance costs relaie lo administrative salaries etc., and annual conference. which are apportioned on the ba515 of IO'A to 8overnance costs. based on staff lime allocated to govemance issues. k, Cost of R8lsing Funds The costs of generating funds consist of investment management costs. I. C05t of Charltablc Actlvltles The cost of charitable activitie5 includes grAnts made, costs attributable to charitable aciivitie5, gov¢rnance costs and other support cost5. Income Tax Reclaimed on Gift Ald Income tax is recovered from HMRC on income received from subs¢riptions and donations by way of the gift aid scherne during the year. However. the actual amount recoveTable for the year is bTought in as z prov2sion due to the delay in the processing of the information. The difference between the actual amount received and the provision is then adjusted for in the subsequent year. n. Area Capitation Fees The area capiiation fees are based on two element4 a) 5 /0 of the subscriptions received from branches in each area by 3 1st December, and b} 800/¢ of the amount over £10,000 recovered frorn HMRC by way of the Gift Aid scheme. o. Tangible Fixed Assets Tangible fjxed assets are Capitalised when the c05t of sueh assets {excluding VATI exceeds £500. Tangible fixed assets are stated at Cost less depreciation which is provided in annual instalments over the estinwted useful economic lives of the assets. Depreciation is provided at the following annual rates.. Fixtures and Fittings 20% straight line p. Stocks Stocks consist of purchased good5 for resale and are Stated at the lower of cost and nel realisable value. Provision 1$ made for 51ow-moving or obsolete items where appropriate. The Royal Naval Assoclatlon Notes to the Accounts for the year ended 31st December 2021 2. Donations IcR4cic5 CeThlrnl Cknrilvès Fund 1000 Oood Deeds Fund Brnnch snd Clth Supp)n F￿nd Prtsjecl Semlphore General LiftSubseripiiOnS SthndaTds Fund Fund Fund cU[n￿ Fund Subscriptions 4.500 Fees Donations￿ 8rJnts.gifis Jnd l¢gacies 4,627 4,223 35,000 25.( IncOmptsK r¢r14imcd on wftaid 4.427 Tea¢apii8tiOn fecs 238.528 35.0 75.(M)O 3. OthcrirtsdlnoA'al Naval A5so¢iatio Notes to the Ac¢ounts for the year ended 31st December 2021 6. ExpvDdltvrn 0￿. 114i51nz f￿ndS 2021 TotDI 2020 Cost ofgoods Cost ofdi&riCS TTrtBI 9.022 6.271 7. Expondllurc on: 2Tr21 202 Grant ing of Activilii¥ DdcrtAke dirLYily lii/isiih¢roJttt oJlhe CY14tri￿.s o&jecrfve& SupportC05t5 Tpt￿1 Toflll Fundeafr￿lI uiire51piciedfiiyids.' AdmivjslrJijv¢ salarics And staff pension 192.262 21.362 213,624 16,633 12.400 10.934 4.067 J,827 9,642 2.249 24.722 182.74n Naiional insurant¢ tanl￿but70￿s Profc55ional E¢¢ountan¢y and ccn5ultoncy fees 12.40D 3.902 4.067 J,827 11.000 7.521 J.788 J.930 0.550 1.804 7.032 Inluran Po51llg¢ and i¢lcphonc PrinLing. srationcry and computcrsupplics YC￿rbO0k5 CirculLrs and ncwslritcrs Rtpaits and mEint¢nanc¢ otrit¢ e4uipmcnt 1¢o51ng MHrkcting. publicitywnd wcb5it Ncw dglllbasc NAtiOnal bianeh rc¢tyitm¢nt & rcicniion Jackapedia app Montoring llnd Pr￿¢5 SoGial mcdia COSL5 Sliiprnatcs and opp05 Pyowainme CONA ex￿nd]luTe 9.642 2249 24.722 2.170 J.oJJ 5.917 5.957 894 5,957 894 17.324 Jl.152 3.199 554 554 4.700 J,Q3J 17.237 3,407 3.407 Mcmb¢rsliip c8Yds Staff training And rccNitmenl Lc£al ond prof¢55iOnal fces 3.000 3.000 536 9.27n 132 1.984 (45) 304 1.238 333 348 348 1,704 36 534 897 Bank ¢harses and inicrcsl Curr¢rKy¢onv¢rsjon IgainV105S D¢prccilliion offixwre5 ond fittings Misc¢llan¢ous ¢xpcnscs ad dcb15 wriilcn off Provi.4ion ofiinrwov¢iabiliiyof VAT Donation to submorincrs appcal 1,704 36 534 897 10,497 10,497 10,0 7,390 3,638 10,000 7,390 3.638 Social and certinonial cvents IMC ¢xccutivc council Annual confcrenc Uckers championship Black fol tky 2.5414 2.686 26.863 97J 108 Fu￿ded from rCStriCted ftinds-. GrAnis from siamdards fjranis from eentral cliaritics fvnd Grants from I￿ good dceds [￿ftd from brnrtch )nd club supwrtfund 6.000 34 34 444 6.185 699 25.nOT 34.12J 61n 897 8.220 12.203 299 JO.128 5.566 73 J8.640 535 897 8.220 iPads and cascs fllr projcct scmaphor Adtnini&trativ¢ tosis for prOjCCt scmapbor¢ AdTniniStrttive cos¢s for hclping lia￿S Adtninlstrotive COS15 for eoTnmS fvnd Minibus projcci expendiwte 299 30.128 5.566 7J 36.640 535 5.J98 0.454 Spnrko ¢v fund cxpcnditurc Grnnts frnrn nhs v¢niilaiorapptral fund Administfativc cOSiS fiom NHS YEntilpior appcal fund 15.000 18 4Ql.75Q 23.945 426.463 62.281 512.689 The Royal Naval Association Notes to the Accounts for the year ended 315t Deeember 2021 8. Allocarton of governance and support eo$ts 2021 2020 Total allocated Govemance related Other Support costs Governance related Other Support Costs Furtdedfroim ui?i'estriciedfuiids.' Adrninistrative salaries and staff p¢n5ion scheTllt contributions National insurance ¢ontributions Prof¢ssional accountancy and consultancy fe¢s Trdvelling and liaison RenL Tates and utilities Insurance PTinting. 5talionery and conipuier supplies Repairs and tnainieDancc Office equipment leasing Independ¢nt exaininalion Bank char8cs artd interest Curency conver5ion10551lprofitl Depreciation of fixtUTeS and fittings Annual confcrcnce 21,362 1,663 12,400 3,902 4,067 3,827 2,249 5,957 894 1,000 1,704 36 534 2.686 21,362 .663 12.400 3.902 18,274 11,000 1.894 4.067 3,827 2,249 5,957 894 3. 788 3.930 J,804 5,947 1.174 I,OOD 1.000 1,704 36 534 1.984 (45) 304 2,686 97 62,281 43.013 19,268 18.893 10 Thc Royal Naval Asso¢iatlo Notw to the Accounts for th¢ year ended 315t December 2021 GrAnts Awarded 2021 2020 Siandardsfuiid.. Grants 10 BTanches Certirol Charilies hind.. Welfare grants lo Individuals Grants to Organisations for Indiwdug15'. 6,000 4.000 1000 GoodDeedts' Fi¢nd.. Granls lo individuals 34 444 Branch and Cliib Supporr Fund.. Granls lo Branches gnd Club5 7.911 0. 185 NHS YeniiluiorFtsftd GTan15 to Hospita15 15.OGO Total GTants Awarded 13,945 26. 745 10. Net Incoming Rc5ources after ¢har2lng: 2021 2030 Nel illCQiiTing resoiirces uresfaied afiercharglrtg iii Ilie GenerftlFIiiTd.. Brooms Prefe55ional SeM¢e5 Ltd.. indep¢Ddenl exaininaiion eounian¢y. laxalion and consultancy D¢preciation of fixtures and fillings O￿atin0)e3$¢ r¢nt&ls of ¢quipmeMI 1,000 12,400 534 894 1.000 11.000 1.174 11. Fixtd A55ots Flxtures & Fitting5 Total C05UValuatio At 1st January 2021 13.485 13,485 Addition5 Disp05als At 315t Dwember 2021 13.485 D¢prcci¥tio At Isi January 2021 11.603 11,603 Charg¢ foTyEar 534 534 Disposals At 31 si D￿¢[ryb¢r 2021 12.137 Ntt Book Vilut At 311t De¢cmber 2021 1,348 1,348 Ai 3Jsi December 202Q 1.882 1.&¥2 Tbe Royal Navgl Association Notes to the Aeeoullt5 for the year ended 315t Detember 2021 12. Investments The investment portfolio has been Wdlued at m8rk¢t valu¢ 85 at 31st Decernber 2021. The investments are c8t¢gorised a5 follows.. 2021 2020 Market Value Cost Mal.k￿ Value Cosi Listed investments 1,836,937 1,682,607 1,696,875 1.682.607 1.836,937 1.682,607 1,690.873 1,682,607 13. Debtor5 2021 2020 Due from branches Loans to clubs and bTanches Sundry debtors and prepayments 11,358 19,920 9,484 JO,283 JJ.000 21,883 40,762 47,166 14. Creditors 2021 2020 Bank loan Trade creditors Due to branches Provisiotj for capitation fees Funds from decommis5ion¢d branches Sundry eTrditors. accruals and deferred inwme 50.000 Jl,870 3.ogj 5,OQ3 68,4Q2 43,583 9.818 3,101 1,941 70,740 22,292 107,892 J82,039 12 The Royal Navgl A5$0clgtion Notes to the Accounts for the year ended 315t Deeember 2021 15. Staff costs 2021 2020 Salarie5 Pension costs Employers, national insurance 261,930 17.856 22.154 301.940 217, 132 13,554 14.402 245,088 Average number of staff during the year.. Employee'5 emoluments below £60,000 Employee's emolument5 above £60,000 Employee'5 emoluinents paid through other Atnd grants Employee's emolument5 paid through shipmaies campaign grants Employee's emoluments paid ihrough social media grant No Iwsiee or person related or conne¢t¢d by business ¢0 them has received any remuneration from the Association nor have they entered into any transaction, CODtrd¢t or other arrdngement with the Associatio during the year. During the year, expenses were reimbuTsed to the Board of Trustee members which principally represeni reimbursed truvellin& accommodation and subsis*n¢e expenses in attending meetings and official arrangements whi¢h are included in the'travelling and liaison- national couneil 8nd other committee meelin8S" Cost of £2,801. 16. Provlglon for the unrecoverabillty of VAT A provision of £1 0.497 ha$ been made for the unre¢oveTability of VAT, due to the change in income Stream, from subscripiions to donations based. The majority of inpllt tax on the overhe8d5 will no longer be able to be reclaimed. 17. Funds The General Fund and Life Subscription Fund5 are unrestricted funds used for general purpose5. b. The Standards Fund is to be used for the repair or repla¢ement of damaged, lost or stolen branch standard5. The Property Fund is designated for the purpose of acquiring properly for use by the Central Office. d. The Central Charities Fund is used for specific chaTilable projects which must provide a5515tance to servinB and ex-naval personnel and their dependants, The 1000 Good Deeds Fund is to encourage more able shipmates to take less able shipTnates out 10 events. f. The Bran¢h and Club Support Fund provide8 as%istan¢e to branches And their clubs. g. The Naval Service Memorial Fund (formally known as Charter Challenge 2014 Fund) is u5¢d for the fi]ture maintenance and insuTan¢e of the memorial ere¢led at The National Memorial A Tboreturn. h. The Project Semaphore Fund 15 to provide information technology lo the digitally isolated veterans. The Flelping Hands Fund is lo provide a5ST51ance to the financing of iPad volunteer expenses. The Cosnms Fund is generously provided by Greenwich Hospital as a grant to allow the improved ¢omms within the RNA through employment of 2 ¢omms PTofe5sional in the central office team. k. The Irish Transport Fund is lo provide financial assistance for the provis20n of transport in the whole of Ireland. The Minibus Fund is to be used to supply and maintain three minibuses to mitigate social isolarion in veterans, The Podcast Fund is to promote and ¢ontribute to the well being of shipmates and takle loneline5S. n. The Wellbeing Salary Fund is to provide fvnds foT a salary for the professionalisalion of welfare support to the mernbcrship. Sparko TV Fund is generously provided by RNRMC for RNA niembers expenses associated with the supply of the Sparko Project. p. HMS Mars Fund is an appeal fund lo raise money lo help refurbish the HMS Mars memoTial. 13 The Royal Naval Association Ineome and Expenditure Account for the year ended 31st Decernber 2021 2021 2020 Inefrme Annual Subscriptions Member5 Donations Received RNRMC Funding Legacie5 and Other Donations Received CorpoTatc Donations Life Member SubscriptlODS Replacement Membership Cards Income Tax Reclaimed on Gift Aid J26,189 58,174 83,355 86,614 4,500 3,266 (8) 4,427 133.703 2,125 3.764 Joi J.335 240,328 267,217 Less- Area Capitation F¢¢s (1,941) (5,093) 238,387 262,124 Goods Department- Income Costs 9,022 9,022 4,347 (4,156 191 DiaTies- In¢ome Costs 3,182 2.0331 3,215 (2, 115) 1,149 i.ioo Certificate of Appreciation Admin Charge 300 175 Royalties and Commission Received 403 774 Investment Income 34,597 47,025 Grant for CONA 3,407 J.513 Grant for Social Media Marketing 3.033 Government Grants Received 8.995 Total Income (carrled forward) 278,243 324, 73(P Note.. Thi5 pagc does not fom) part of the formal accounts 14 I'he Roy41 WHval A5soelatlon In£orne and Expendlture Account for the year ended 31st December 2021 leontinvedl 202fj Brou8hi fonvard 278.243 324.730 DodU￿. Expendlture Adminssiraiive Salaries and S13ff Pension Sch¢m¢ Coniribullolls National Tnsurance Coniribuiions Prof¢5sional Ac¢ounian¢y and Con5ukancy F¢cs 213,624 16,633 182.740 11.084 12,400 11.000 242,657 204,824 Trnvelling and Liaison:_ National Council and Oiher Commiiie¢ mttiings Central O￿lCe Staff and Officials Central O￿lCe Open Days J.902 6.769 263 10.934 1.894 5,627 7.521 Rcnl, Rate5 and Utiliiies Insur9￿e Postage alld Tel¢phon¢ Priniing. Siatiort¢ry and Cotnpulcr Supplie5 Y¢Jrbooks Circularg and Newsleiiers Officc Equipment McllTilenanc¢ Office Equipmeni L¢asing Market1n8, Publiciiy and Websiie N¢w Daiabas¢ Naiional Branch Recruiimenl & Retention Jackapcdia App Mentoring ond Prizes Social Media Cos15 Shipmates and Oppos ProgTrmm¢ CONA Expenditure Indcpendeni Examination Membership Card5 SlatYTraining and Recrniiment Lcgal and Professional Fe¢$ Subscriptions to Oiher Organi$aTrons Bank Charg¢s and Intcrcsl Currcn¢y Conv¢rsion l&iinllL055 Depreciation of Fixtures and Fitiings Mi5cellancous Expcnses Bad D¢bts WriEE¢n Off Provtsion for unrecoverability of VAT DonBtion lo Submarinws Appcal 4,067 3,827 9,642 2,249 24,722 2.170 5.957 894 17,324 5.78 3.950 6.550 1.804 5,035 5.947 1.174 11.152 3.199 554 4,7 2,531 3,033 17.237 1,313 1.000 536 3.407 1.000 3,000 5,921 9.270 432 1,984 (45) 348 1,704 36 534 897 1.238 333 10,497 10,(M)O Cenoiaph Biennial Pardde Siandard Bearers, Comp¢iiiion Soci313nd ceren￿nIal Events Youih SDiling Camp Welfare Setninar IMC Executive Council Annual Conferenc¢ U¢kers Championship Black Tot Day 7,390 3,638 2.544 1,638 26,863 971 148.592 O.J96 Total ExpehOlthr¢ 402.183 302,541 IDefleltllSvrplu5 for lh¢ Year 123.940 22.189 Note.. Thi5 page does noi forrn part of ihe fornal accounts. THE ROYAL NA VAL ASSOCIATION Charity Re￿$trai10n Number.. 266982 STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021 BROOMS PROFESSIONAL SERVICES LIMITED CHARTERED CERTIFIED ACCOUNTAIYTS REGISTERED AUDITORS Th¢ Royal Naval Association statgmenl of the Trustges, R¢sponsibilitie¥ The trustees are required io Prepare accounts for each fitlancial year which give a true and fair view of the Asso¢ia¢ion's financial activitl¢s during the year and of its financial position 8t the end of the year. In preparing those accounts. the trustees arc required to.. Select suitable accounting policies and then apply them con5i5tentSy, Make judgements and estimales that are r¢asonable and pn]denl, Stale whether applicable accouniing standards and statements of re¢ommended practice have been followed, subject to any material departures disclosed and explained in the 8CGOUTits. Prepare the a¢count5 on the going concern ba5i5 unles5 It is inappropriate to prtqume thai the A550ciation will continue its activities. The IrLJSt¢¢s (through th¢ g¢neral 5ecrelaryl are responsible for keeping PTopgr accounting re¢ord5 whi¢h disclos¢ with reasonable accLTracy the financial p0511ion of the Association at any lime. They also are responsible for 5afeguardÈng Ihe assets of the Association and hence for laking rea50n&ble steps for Ihe prevention and detection of fraud and other iffegularities. Independenl Examlner5' Report to th& Trustees of Tht Royal Naval As$o¢iation forth¢ year ended 31st December 2021 I report on rhe accounts of the Chariry for the year ended 3 1st December 2021 Respective respoth$ibilitie5 of trustees and examiner The charity's tNstees are Tegponsible ftsr Preparing tbc Trust￿, Report and the financial staiemenis in accordance ￿ryth appli¢able law and Uniied Kingdom accounting standards (Uniied Kingdom Gcncrally Acccpied Accounting Practice) are set out in lh¢ Staletn¢nt of TNstees' Responsibilities. ThE choritys trustees consider that an aiidii is not reqviT¢d foT this y¢ar (under ￿(tiOn 14412) of the Charitie5 Art 2011 {the Charit1¢5 A¢tll and that an independent exarninalion is needed. It i$ my r¢5ponsibility to.. examinc the accounts (under section 145 of the Charities Aci 20111.. to follow the proc¢durts laid down in thc Gcneral Directions given by the Charity ComissiorteTS lund¢T s¢Glion 14515llbl of the ChaTltics Act 20111. and to srate wheiher paTli¢iil2r rnalter5 havc come to OUT aTt￿tIOn. Bi$is of independent examiners. report My exarnination was Ca￿led out in accordance with the general Dirccton5 given by the Charity ComTlli5sioncT5. An ¢xarninatTon includcs a review of thc accouniing records kepi by the chariry and a comparison of the iccounts presented with those retoids. It 4150 sncludes constdeTaiion of any unusual il¢m5 or disclosurcs in ihe accounis, and the sceking of cxplanaiions from you as Irustces concerning any such matte￿. The procalures unikriakcn do not providc all the evidcnce Ihal would be ￿qUIred in gn audTt and, cDnsequenily¥ Do opinion is given as to whether the accounts present a irne and fair view" and the report is limited to those matters 5cI our in the Statement below. Jndepgnderti a¥iiinineis'sla¢einenl Jn eonrtection with my cxamination, no matter has cotne 10 rny aiieniion.. which gives tne rea50nablc cause to bclieve thai, in any rnaterial respect, the requirements.. {al io keep accounting record$ io 8¢cor#n¢¢ wih section 130 of the Charit1¢5 Act 2011- and {bl to PTepare accounts which accord with th¢ 2¢¢0untirtg r¢¢ords and to comply with the a¢¢ounting rtquir•n¢nls of the Charities Act2011 and the regulations made therciindcr have not been rneL or 10 which, ID rny opinion. attention should be drawn in order 10 enabl¢ a proper und¢rslanding of the accounts to bc rcach¢d. Signed 4th Ma￿h 2022 Sonia Shah FCCA ACA CTA Brooms Pro(es5ional ServÉce5 Ltd Broom Housc 39143 London Road Hadleigh Benflect Es'sex SS7 2QL onx¥ on*è Ill The Royal Naval A550ciation Balanee Sheet as at 31st Deeember 2021 2021 2020 Notes Flxed assets 1,348 1.882 Investments 12 1,836.937 1,696,873 Current assets Stock of goods for resale Debtors Balances with bankers Cash in hand 13.001 40,762 207,077 9. 706 47,166 366,632 93 13 Tolal ￿rrent ossels 260.840 423,597 Creditors: amount5 falling due within one year Creditors 14 107,892 182,039 107,892 J82,039 Nei current assets 152,948 241,558 rolal assets less curreni liabililitS 1,991.233 1,940,313 Unrestricted funds General thnd Lifc subscription fvnd Standards fund Properly fund 1,297,122 12,015 10,000 491.375 1,280,998 14.161 10, 795 491,375 Restricted fund5 Central charities fund 1000 good de¢ds fund Branch and club support fvnd Naval service memorial fund Project semaphore fund Helping hands fvnd Comm5 fund Irish transport fund Minibus ￿nd Podcast fund Wellbeing salary filnd Sparko N ￿nd HMS Mars fvnd 10,176 4,622 31,768 10,705 19,465 3,333 19,872 8.304 16215 537 51,039 4,465 220 lJ,549 4,556 33.240 IJ,602 29,886 3,632 8,304 21. 778 610 17,829 1991.233 J.940.3J3 These financial statements were approved by th¢ Trust¢cs on 4th Mar¢h 2022 and signed on their behalf by.. Vice Admiral D Potts CB President I ITvin FCCA Honorary Tieasurer The Royal Naval A550ciation Statement of Cash Flow as #t 31st December 2021 2021 2020 Cash flow from fund activity Net movement in ￿ndS Reconciliaiion to cash generated from operations". DepTeciation Investment income Net lossllgainl in investments Increas¢ in stocks Decrease in debtors D¢crea5e in crediiors 50.920 (104.301) 534 {34,6021 (140.0641 (3,2951 6,404 {24.1471 304 (47,J73) 6Q,157 434 (4.959) 26,241 Net cash flow from fund activitie5 69,297 Cash now from Investlng activities Payments to acquire tangible fixcd assets PayrnentS to acquire inv¢stments R¢¢oipt5 from disposal of investments Inierest received (1, 721) {247) 205.614 47,J73 34.602 Net ca$h flow from investing actlvltles 34.602 250,819 C4sh flow from ftn#nelnE aetivitie5 {50,0001 50,000 Net cash f]ow from financlng aetiYitie5 50.000 50,000 Net Increase l (deerea$e) in ¢ash and cash equivalents (159,648) 231.522 C4sh aDd cash equivalents At start date 2021 366,725 135,2Q3 Cash and cash equlvAlent$ at eDd date 2021 207 077 366. 725 Cash and cash equivalents conslsts of: Cash at bank and in hand Short terni d¢p051ts 207,077 366, 725 Cash and cash equlvalents at end date 2021 207.077 366 725 The Royal Naval Assoclatlon Notes to the Aetount5 for the year ended 315t Deeember 2021 l. Aecounting Pollc5es a. Accounting Convention The financial statements have been PTepared under the historical cost convention. modified for the revaluation of IDV¢Stments. They have been prepared in accordance with the Statement of Recommended Practice- Accounting and Reporting by Charities preparing their ao¢ounts in accordance with rhe Financial Reporting Standard applicabl¢ in ihe UK (FRS 102) issued on 16th July 2014, applicable accounting Standards and the Charities Act 2011. They have been prepared on an ac¢ruals basis of accoun(ing. b. Reconciliation with prcvious Generally Aeeepted Aceountlng Practlee In preparin8 the accounts, the tn]stees have considered whether in applying the accounting policÈe5 required by FRS102 and the Charities SOR￿ FRS102 a reSta￿ment of comparative items WAS needed. No restatements were required. Income Recognltion Income is recognized in the period when the Association is entitled to receipt and the amount can be measured with reasonable a¢cuTaCy. In accordance with this policy. Legacies are included when the Royal Naval Association is advised that a payment will be made and the amount involved an be quantified. Graiils are in¢ludrd when the condition5 for receipt have been complied with. Gs[Is iii kiiid and tangible income are included at Cost 10 the donoT if known. or the value lo The Ro)Yl Naval Association at the date of receipt. The accounting policy for subscription income is detailed below. d. Fund Aceountlng General hnds are unrestricted funds which are available for the use at the discretion of the twst¢es in fi]rth¢Tance of th¢ general objectives of the Charity and which have not been designated ftsr any other PUTPOSe. Designated funds are comprised of unrestricted fund5 that have been set aside by the Itustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial sta¢eTnenlS. Restricted funds are ￿rtd$ which are to be used in accordatjce wi(h specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fvnds. The aim and use of each restricted fund is set out in the notes to the financial statements. Invesknent income and gains are allwated to (he appropTiate fvnd. e. Donatlons Donation5 are taken as in¢ome upon receip¢ and allocated to each relevant fund as advised. f, Llfe Members, Sub$eription5 Life subscriptions cannot be purchased by individuals, biit only by Branches and Areas in recognition of meritorious service. Life subs¢TiPtions received are broughi into the A¢¢ounts as income by equal insthlmenls over a period of ten years. g. Glft Aldcd Subseription5 IncoTne Tax is recoverable from HM Revenue & Customs in respe¢t of subscriptions paid by gift aid, and is tsken into account in the year the 5ubs¢riptions are Teceived. The Royal N#Yal Asso¢52tlon Notes to thc Accounts for the year ended 31st Dcc¢mb¢r 2021 l. Accounting Pollele5 (tontlnlled) h. Investments Bank Dep051ts Inveslmeots are stated at [[￿rket value a5 at the balance sheet date using the closing quoted market price. Realised gains and 1055es on investments ar¢ ￿]CUlated as the differenc¢ betw¢¢n sales proceed5 and their opening carrying value or theii purchase value if acquired subsequent to the first day of the finacial year. Unrealised gains and105ses are calculated a5 the difference between the fair value at the year end and their carwng value. Realised and unrealised Bains and losses are Combined in the Statement of Financial Activities. Dividends and interest receivable aTe in¢lud¢d in the income and expenditure account when they are received at an amount which includes any tax credit recoverable from HM Revenue & Customs. Interest receivable from fixed terni deposits are accNed in the period that ii is due. Expendltur¢ Re¢ogDltion Liabilities are recognised as expenditure as soon as there is a legal or consiwctive obligation committing the charity tg that expenditure, it is probable that settlement will be required and the amount of the obligation be measured reliably. All expenditure is a¢counred for on an accrnals basis. All expenses including support costs and governance COS15 are allocaied or apportioned to the applicable expendi￿re headings. j. Allo¢atlon of Support and Govtrnanee Costs Support costs have been allocated between goveTnance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compli&nce with regulation and good practice. The only apportionment io govemance costs relaie lo administrative salaries etc., and annual conference. which are apportioned on the ba515 of IO'A to 8overnance costs. based on staff lime allocated to govemance issues. k, Cost of R8lsing Funds The costs of generating funds consist of investment management costs. I. C05t of Charltablc Actlvltles The cost of charitable activitie5 includes grAnts made, costs attributable to charitable aciivitie5, gov¢rnance costs and other support cost5. Income Tax Reclaimed on Gift Ald Income tax is recovered from HMRC on income received from subs¢riptions and donations by way of the gift aid scherne during the year. However. the actual amount recoveTable for the year is bTought in as z prov2sion due to the delay in the processing of the information. The difference between the actual amount received and the provision is then adjusted for in the subsequent year. n. Area Capitation Fees The area capiiation fees are based on two element4 a) 5 /0 of the subscriptions received from branches in each area by 3 1st December, and b} 800/¢ of the amount over £10,000 recovered frorn HMRC by way of the Gift Aid scheme. o. Tangible Fixed Assets Tangible fjxed assets are Capitalised when the c05t of sueh assets {excluding VATI exceeds £500. Tangible fixed assets are stated at Cost less depreciation which is provided in annual instalments over the estinwted useful economic lives of the assets. Depreciation is provided at the following annual rates.. Fixtures and Fittings 20% straight line p. Stocks Stocks consist of purchased good5 for resale and are Stated at the lower of cost and nel realisable value. Provision 1$ made for 51ow-moving or obsolete items where appropriate. The Royal Naval Assoclatlon Notes to the Accounts for the year ended 31st December 2021 2. Donations IcR4cic5 CeThlrnl Cknrilvès Fund 1000 Oood Deeds Fund Brnnch snd Clth Supp)n F￿nd Prtsjecl Semlphore General LiftSubseripiiOnS SthndaTds Fund Fund Fund cU[n￿ Fund Subscriptions 4.500 Fees Donations￿ 8rJnts.gifis Jnd l¢gacies 4,627 4,223 35,000 25.( IncOmptsK r¢r14imcd on wftaid 4.427 Tea¢apii8tiOn fecs 238.528 35.0 75.(M)O 3. OthcrirtsdlnoA'al Naval A5so¢iatio Notes to the Ac¢ounts for the year ended 31st December 2021 6. ExpvDdltvrn 0￿. 114i51nz f￿ndS 2021 TotDI 2020 Cost ofgoods Cost ofdi&riCS TTrtBI 9.022 6.271 7. Expondllurc on: 2Tr21 202 Grant ing of Activilii¥ DdcrtAke dirLYily lii/isiih¢roJttt oJlhe CY14tri￿.s o&jecrfve& SupportC05t5 Tpt￿1 Toflll Fundeafr￿lI uiire51piciedfiiyids.' AdmivjslrJijv¢ salarics And staff pension 192.262 21.362 213,624 16,633 12.400 10.934 4.067 J,827 9,642 2.249 24.722 182.74n Naiional insurant¢ tanl￿but70￿s Profc55ional E¢¢ountan¢y and ccn5ultoncy fees 12.40D 3.902 4.067 J,827 11.000 7.521 J.788 J.930 0.550 1.804 7.032 Inluran Po51llg¢ and i¢lcphonc PrinLing. srationcry and computcrsupplics YC￿rbO0k5 CirculLrs and ncwslritcrs Rtpaits and mEint¢nanc¢ otrit¢ e4uipmcnt 1¢o51ng MHrkcting. publicitywnd wcb5it Ncw dglllbasc NAtiOnal bianeh rc¢tyitm¢nt & rcicniion Jackapedia app Montoring llnd Pr￿¢5 SoGial mcdia COSL5 Sliiprnatcs and opp05 Pyowainme CONA ex￿nd]luTe 9.642 2249 24.722 2.170 J.oJJ 5.917 5.957 894 5,957 894 17.324 Jl.152 3.199 554 554 4.700 J,Q3J 17.237 3,407 3.407 Mcmb¢rsliip c8Yds Staff training And rccNitmenl Lc£al ond prof¢55iOnal fces 3.000 3.000 536 9.27n 132 1.984 (45) 304 1.238 333 348 348 1,704 36 534 897 Bank ¢harses and inicrcsl Curr¢rKy¢onv¢rsjon IgainV105S D¢prccilliion offixwre5 ond fittings Misc¢llan¢ous ¢xpcnscs ad dcb15 wriilcn off Provi.4ion ofiinrwov¢iabiliiyof VAT Donation to submorincrs appcal 1,704 36 534 897 10,497 10,497 10,0 7,390 3,638 10,000 7,390 3.638 Social and certinonial cvents IMC ¢xccutivc council Annual confcrenc Uckers championship Black fol tky 2.5414 2.686 26.863 97J 108 Fu￿ded from rCStriCted ftinds-. GrAnis from siamdards fjranis from eentral cliaritics fvnd Grants from I￿ good dceds [￿ftd from brnrtch )nd club supwrtfund 6.000 34 34 444 6.185 699 25.nOT 34.12J 61n 897 8.220 12.203 299 JO.128 5.566 73 J8.640 535 897 8.220 iPads and cascs fllr projcct scmaphor Adtnini&trativ¢ tosis for prOjCCt scmapbor¢ AdTniniStrttive cos¢s for hclping lia￿S Adtninlstrotive COS15 for eoTnmS fvnd Minibus projcci expendiwte 299 30.128 5.566 7J 36.640 535 5.J98 0.454 Spnrko ¢v fund cxpcnditurc Grnnts frnrn nhs v¢niilaiorapptral fund Administfativc cOSiS fiom NHS YEntilpior appcal fund 15.000 18 4Ql.75Q 23.945 426.463 62.281 512.689 The Royal Naval Association Notes to the Accounts for the year ended 315t Deeember 2021 8. Allocarton of governance and support eo$ts 2021 2020 Total allocated Govemance related Other Support costs Governance related Other Support Costs Furtdedfroim ui?i'estriciedfuiids.' Adrninistrative salaries and staff p¢n5ion scheTllt contributions National insurance ¢ontributions Prof¢ssional accountancy and consultancy fe¢s Trdvelling and liaison RenL Tates and utilities Insurance PTinting. 5talionery and conipuier supplies Repairs and tnainieDancc Office equipment leasing Independ¢nt exaininalion Bank char8cs artd interest Curency conver5ion10551lprofitl Depreciation of fixtUTeS and fittings Annual confcrcnce 21,362 1,663 12,400 3,902 4,067 3,827 2,249 5,957 894 1,000 1,704 36 534 2.686 21,362 .663 12.400 3.902 18,274 11,000 1.894 4.067 3,827 2,249 5,957 894 3. 788 3.930 J,804 5,947 1.174 I,OOD 1.000 1,704 36 534 1.984 (45) 304 2,686 97 62,281 43.013 19,268 18.893 10 Thc Royal Naval Asso¢iatlo Notw to the Accounts for th¢ year ended 315t December 2021 GrAnts Awarded 2021 2020 Siandardsfuiid.. Grants 10 BTanches Certirol Charilies hind.. Welfare grants lo Individuals Grants to Organisations for Indiwdug15'. 6,000 4.000 1000 GoodDeedts' Fi¢nd.. Granls lo individuals 34 444 Branch and Cliib Supporr Fund.. Granls lo Branches gnd Club5 7.911 0. 185 NHS YeniiluiorFtsftd GTan15 to Hospita15 15.OGO Total GTants Awarded 13,945 26. 745 10. Net Incoming Rc5ources after ¢har2lng: 2021 2030 Nel illCQiiTing resoiirces uresfaied afiercharglrtg iii Ilie GenerftlFIiiTd.. Brooms Prefe55ional SeM¢e5 Ltd.. indep¢Ddenl exaininaiion eounian¢y. laxalion and consultancy D¢preciation of fixtures and fillings O￿atin0)e3$¢ r¢nt&ls of ¢quipmeMI 1,000 12,400 534 894 1.000 11.000 1.174 11. Fixtd A55ots Flxtures & Fitting5 Total C05UValuatio At 1st January 2021 13.485 13,485 Addition5 Disp05als At 315t Dwember 2021 13.485 D¢prcci¥tio At Isi January 2021 11.603 11,603 Charg¢ foTyEar 534 534 Disposals At 31 si D￿¢[ryb¢r 2021 12.137 Ntt Book Vilut At 311t De¢cmber 2021 1,348 1,348 Ai 3Jsi December 202Q 1.882 1.&¥2 Tbe Royal Navgl Association Notes to the Aeeoullt5 for the year ended 315t Detember 2021 12. Investments The investment portfolio has been Wdlued at m8rk¢t valu¢ 85 at 31st Decernber 2021. The investments are c8t¢gorised a5 follows.. 2021 2020 Market Value Cost Mal.k￿ Value Cosi Listed investments 1,836,937 1,682,607 1,696,875 1.682.607 1.836,937 1.682,607 1,690.873 1,682,607 13. Debtor5 2021 2020 Due from branches Loans to clubs and bTanches Sundry debtors and prepayments 11,358 19,920 9,484 JO,283 JJ.000 21,883 40,762 47,166 14. Creditors 2021 2020 Bank loan Trade creditors Due to branches Provisiotj for capitation fees Funds from decommis5ion¢d branches Sundry eTrditors. accruals and deferred inwme 50.000 Jl,870 3.ogj 5,OQ3 68,4Q2 43,583 9.818 3,101 1,941 70,740 22,292 107,892 J82,039 12 The Royal Navgl A5$0clgtion Notes to the Accounts for the year ended 315t Deeember 2021 15. Staff costs 2021 2020 Salarie5 Pension costs Employers, national insurance 261,930 17.856 22.154 301.940 217, 132 13,554 14.402 245,088 Average number of staff during the year.. Employee'5 emoluments below £60,000 Employee's emolument5 above £60,000 Employee'5 emoluinents paid through other Atnd grants Employee's emolument5 paid through shipmaies campaign grants Employee's emoluments paid ihrough social media grant No Iwsiee or person related or conne¢t¢d by business ¢0 them has received any remuneration from the Association nor have they entered into any transaction, CODtrd¢t or other arrdngement with the Associatio during the year. During the year, expenses were reimbuTsed to the Board of Trustee members which principally represeni reimbursed truvellin& accommodation and subsis*n¢e expenses in attending meetings and official arrangements whi¢h are included in the'travelling and liaison- national couneil 8nd other committee meelin8S" Cost of £2,801. 16. Provlglon for the unrecoverabillty of VAT A provision of £1 0.497 ha$ been made for the unre¢oveTability of VAT, due to the change in income Stream, from subscripiions to donations based. The majority of inpllt tax on the overhe8d5 will no longer be able to be reclaimed. 17. Funds The General Fund and Life Subscription Fund5 are unrestricted funds used for general purpose5. b. The Standards Fund is to be used for the repair or repla¢ement of damaged, lost or stolen branch standard5. The Property Fund is designated for the purpose of acquiring properly for use by the Central Office. d. The Central Charities Fund is used for specific chaTilable projects which must provide a5515tance to servinB and ex-naval personnel and their dependants, The 1000 Good Deeds Fund is to encourage more able shipmates to take less able shipTnates out 10 events. f. The Bran¢h and Club Support Fund provide8 as%istan¢e to branches And their clubs. g. The Naval Service Memorial Fund (formally known as Charter Challenge 2014 Fund) is u5¢d for the fi]ture maintenance and insuTan¢e of the memorial ere¢led at The National Memorial A Tboreturn. h. The Project Semaphore Fund 15 to provide information technology lo the digitally isolated veterans. The Flelping Hands Fund is lo provide a5ST51ance to the financing of iPad volunteer expenses. The Cosnms Fund is generously provided by Greenwich Hospital as a grant to allow the improved ¢omms within the RNA through employment of 2 ¢omms PTofe5sional in the central office team. k. The Irish Transport Fund is lo provide financial assistance for the provis20n of transport in the whole of Ireland. The Minibus Fund is to be used to supply and maintain three minibuses to mitigate social isolarion in veterans, The Podcast Fund is to promote and ¢ontribute to the well being of shipmates and takle loneline5S. n. The Wellbeing Salary Fund is to provide fvnds foT a salary for the professionalisalion of welfare support to the mernbcrship. Sparko TV Fund is generously provided by RNRMC for RNA niembers expenses associated with the supply of the Sparko Project. p. HMS Mars Fund is an appeal fund lo raise money lo help refurbish the HMS Mars memoTial. 13 The Royal Naval Association Ineome and Expenditure Account for the year ended 31st Decernber 2021 2021 2020 Inefrme Annual Subscriptions Member5 Donations Received RNRMC Funding Legacie5 and Other Donations Received CorpoTatc Donations Life Member SubscriptlODS Replacement Membership Cards Income Tax Reclaimed on Gift Aid J26,189 58,174 83,355 86,614 4,500 3,266 (8) 4,427 133.703 2,125 3.764 Joi J.335 240,328 267,217 Less- Area Capitation F¢¢s (1,941) (5,093) 238,387 262,124 Goods Department- Income Costs 9,022 9,022 4,347 (4,156 191 DiaTies- In¢ome Costs 3,182 2.0331 3,215 (2, 115) 1,149 i.ioo Certificate of Appreciation Admin Charge 300 175 Royalties and Commission Received 403 774 Investment Income 34,597 47,025 Grant for CONA 3,407 J.513 Grant for Social Media Marketing 3.033 Government Grants Received 8.995 Total Income (carrled forward) 278,243 324, 73(P Note.. Thi5 pagc does not fom) part of the formal accounts 14 I'he Roy41 WHval A5soelatlon In£orne and Expendlture Account for the year ended 31st December 2021 leontinvedl 202fj Brou8hi fonvard 278.243 324.730 DodU￿. Expendlture Adminssiraiive Salaries and S13ff Pension Sch¢m¢ Coniribullolls National Tnsurance Coniribuiions Prof¢5sional Ac¢ounian¢y and Con5ukancy F¢cs 213,624 16,633 182.740 11.084 12,400 11.000 242,657 204,824 Trnvelling and Liaison:_ National Council and Oiher Commiiie¢ mttiings Central O￿lCe Staff and Officials Central O￿lCe Open Days J.902 6.769 263 10.934 1.894 5,627 7.521 Rcnl, Rate5 and Utiliiies Insur9￿e Postage alld Tel¢phon¢ Priniing. Siatiort¢ry and Cotnpulcr Supplie5 Y¢Jrbooks Circularg and Newsleiiers Officc Equipment McllTilenanc¢ Office Equipmeni L¢asing Market1n8, Publiciiy and Websiie N¢w Daiabas¢ Naiional Branch Recruiimenl & Retention Jackapcdia App Mentoring ond Prizes Social Media Cos15 Shipmates and Oppos ProgTrmm¢ CONA Expenditure Indcpendeni Examination Membership Card5 SlatYTraining and Recrniiment Lcgal and Professional Fe¢$ Subscriptions to Oiher Organi$aTrons Bank Charg¢s and Intcrcsl Currcn¢y Conv¢rsion l&iinllL055 Depreciation of Fixtures and Fitiings Mi5cellancous Expcnses Bad D¢bts WriEE¢n Off Provtsion for unrecoverability of VAT DonBtion lo Submarinws Appcal 4,067 3,827 9,642 2,249 24,722 2.170 5.957 894 17,324 5.78 3.950 6.550 1.804 5,035 5.947 1.174 11.152 3.199 554 4,7 2,531 3,033 17.237 1,313 1.000 536 3.407 1.000 3,000 5,921 9.270 432 1,984 (45) 348 1,704 36 534 897 1.238 333 10,497 10,(M)O Cenoiaph Biennial Pardde Siandard Bearers, Comp¢iiiion Soci313nd ceren￿nIal Events Youih SDiling Camp Welfare Setninar IMC Executive Council Annual Conferenc¢ U¢kers Championship Black Tot Day 7,390 3,638 2.544 1,638 26,863 971 148.592 O.J96 Total ExpehOlthr¢ 402.183 302,541 IDefleltllSvrplu5 for lh¢ Year 123.940 22.189 Note.. Thi5 page does noi forrn part of ihe fornal accounts.