North Region Air Training Corps Sports and Welfare Fund Charity Registration Number.. 500620 Trustees, Annual Report and Financial Statement 1 April 2022 - 31 March 2023
North Region Air Training Corps Sports and welfa Fund Trustees. Annual Report and Financial Slalement Year lo 31 Mah 2023 NORTH REGION AIR TRAINING CORPS SPORTS AND WELFARE FUND Charlty Rogistration Number: 500620 HMRC Charltable Roforence: ZD10835 Purpose of tha Charity: The North Region Alr Training Corps Sports and Weftsre Fund Is established to provide additional finance. by moans of non-public funds. in order lo support th8 air cadet experience delivered by the r Training Corps Iwilhin the constituent North Region) by means of public funding {derlved from th8 Ministry of Oefence). Trustaas: The following have seryed as Trustees.. Dr Anthony W Andrews - Treasurer Terence M Baynes Mrs Julie l Delanèy- Chair Mark R Ellis Stuart J Ensor Mrs Su88n J Foster Alison Harvey Mark D Leemlng DL OBE Simon T W Mabb lan D Nesblti Addr•s8 of Charlty: Alr Tralnlng COTPS North Region Headquarters RAF LeemSng Northallerton DL7 9NJ Bank•rn: Barclay8 Leicester LE87 2BB Strucluro and Governanco North Region Air Training Corps Is a constituent unlt of the Alr Tralnlng Corp8 operated in accordance with the Regulations made under the Royal Warrant dated 5 February 1941 las subsequently revised and amended) for the establishment and organisation of the said Corps. The embedded Sports and Welfare Fund Is operated in accordance with the requir&ments contained within Cadet Publications Issued. from time to time, by Headquarters AJr Cadets. Appointment of Trustees Trustees are appointed in accordanG8 With the guidanc8 provided within Air Cadet Publication 11 (Administration of Civilian Committees in the Air Training Corps}. It was aged {at the meeting on 23 January 2016) that the chair of each of the (now) six constttuent Wings lof North Regionl would be Trustees- along with others. The Fund's chair is appointed in accordance with the guidance contained within the referenced publication. Both a secretary and a treasurer are either appointed from amongsl the existing Trustees or others are invited to be appointed to undertake these roles land at the discretion of the Trustees - may be invited to be appointed trustees). P4tr2rA11
North Region Air Training Corps Sports and Weare Fund Trustees, Annual Report and Financial Slalement Year lo 31 March 2023 As Trustees lofthe Fundl they have no management or operational responslbilltie5 North Reglon ATC (or any subordinate unit}. TrLAStee Declaration On appointrnent, each Trustee completes a declaralbn (in the format advisèd by th8 Charity Commi88ionl. Flnanclal Revl•w of th• Y•ar With the appointment of - essentially- a new Trustee body in January 2016. it has taken some time for Trustees lo fully assimilate the funding level necessary to support (either directly or Indictly) the cadet experlence. Thls Is an on-going process, not aided by the COVID-19 lockdown. In the interim, the Trustees have continued lo target their financial support along similar lines lo Ihat Sn previous years. Essentially. this entails supporting Idir8clly or indirectly) events and aclivilies organised for cadets within thg Region for 9xamplg inler-wing sports,. purchase of equipment., and for the training of adult volunteers. The details of the receipts and payments for the year under review are recorded later In thls report. wrth receipts of£29,151.82 and payments of £19,647.69 there was incre888 In total funds of£9,504.13. In summary, there are three prlnGlpal Sources of Income used to make payment8 to SUprt the cadet 8xperi8nce for members wlthln North R8glon Air Training Corps.. Monies received from the annual levy ra18ed on cadet numbers hthIn the Region. Fees paid - adult volunteers or cadets- for participation in Iralnlng courses and events. Donations or grants-in-aid rèceived for specbfic purposes. Annual Cadot Levy. The key source of unrestrlcted income, in the past, has been by means of a levy raised on each cadetwithin North Region. This levy remained at 30p percadel perannum fora number of deGades. As part of the on-going review of the Charity's finances the Trustees agreed lo increase thls levy 10 £1.20 per Gadet per annum. The Trustees beli8V8d that ihe income generated would be at an approprialo level lo meet annual exp8ndllure. This first increase In levy was collected based on the cadet census taken on 31 March 2020. After a pause durlng the period of lockdown, it was collected again in spnn9 2022 {and then annually thereafter}. Ffres Pald by Adult Voluntaars or Cadets. A number of courses (prirKipalty for adutt volunteers) have been organis8d during the year. Any surpluses are applled to support future courses or events {or applied for th8 purchasa of new or replacement equlpm8nt)- Donatlons or Grants-In-Ald. The third source of receipts Ir8corded as restrbcted funds} Is by means of donations or granls-in-aid provided for specffic purposes- We received during the year the sum of £2,118.00 from the Yorkshire Cadet Trust lo fund the purchase of Inflatable paddle boards. We acknowledge the continued support in memory of the late Group Captain Mike Cross RAF (Rel'dl with regu18r donations to support the Scholarship Fund in his name. We are registered with HMRC to reclaim Gift Aid on these donations. Pe310
North Region Air Training Corps Sports and Welfare Fund Trustees. Annual Report and Flnanclal Statement Yeaf lo 31 MarGh 2023 We have recerved grant fundlng from Headquarters Air Cadets and the Air Training Corps General Purpose Fund (each for specific purposes). The current balances for those grants received from the latter source are recorded in Note 3 Ipage 91. An analysis of receipts and paym8nts for thes8 thr88 funding streams is set out in Note 4 (page 101. Publlc Boneflt The Trustees have had due regard to the Charity Commission's guidance In relation to public benefit. The Air Training Corps is open to all young peop18 b8tsveen the ages of 12 and 20 years. In providlng fund5 to support the cadet experience. the Trustees are enhancing opportunities for today's young people to develop personal quallt18s and a sense of community and citizenship- thus creating a positive contrlbutlon for thelr future lives and careers. Reserves Pollcy At yoar end th6 charity had total funds of £91,784.06, which was made up of unrestricted funds of £52,217.81 and r88trict8d funds of £39,566.25. Details of th8 restricted funds - monie8 received for designated purposes - are SetUt in Not8 3 (pag8 91. Of these, the Dale Trophy Fund. amounting to £10,220.37 Is used to make granls-in-aid d1cl1Y to cadets. The fund orlglnales from a bequest made by a fomier member of the professional staff of Reglonal Headquarters. In undertaking a review of the funding of the charty, the Trustees contlnue to d8velop a comprehensive reseThes policy. Al the present time the Tru8t88s believ8 that it is appropriate to relain reserves at least equal to one year's projected expenditure. Additionally, it would bg prudent to make provision for a loss of propety as - like the Ministry of Defence - we have historically s8lf-insured. Inv•8tm•nt Pollcy The Trustees have adopted a low-risk strategy to the investment of its funds. All funds are held in cash using only mainstream banks or by depositing fund8 Inol immediately requiredj in National Savings Income Bonds. Indopondont Examlnatlon of Accounts It was agreed (by Tru$tee$ at their meellng held on 7 September 2023) lo arrange for A I Chery, Chartered Accountant8 (of Preston) to undertake the required independent 8xamination. Doclaratlon: The Trustees decLqre that they approved the above report at their meeting on 7 Sgptemb8r 2023. Signed on behalf of the Charity's Trusl&g8.' Mark R Ellis Deputy Chaimian Dr Anthony W Andrews Treasurer P4e40flO
North Region Air Training Corps Sports and Welfare Fund Trustees, Annual Report and Financial Statement Y&8r to 31 March 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH REGION AIR TRAINING CORPS SPORTS AND WELFARE FUND I report to the trustees on my examination of the financial statements of North Region AirTraining Corps Sports and Welfare Fund ('the charity,) for th8 year 8nd8d 31 March 2023. Rosponsibillligs and basls of report As the truslees of the tharfty you are responsible for the preparatlon of th8 flnancial stat8m8nts in accord8nrA with the requSrements of the Char6tles Act 20111'the Act,). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable DIrectior given by the Charity Commission under section 14515)Ib) of the Act. Indopondont examlnor'8 Statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the eXaMinatn glvlng me cause to belleve that in any matenal respect.. accountlng records were not kept In re8pect of the charlty as required by sectlon 130 of the Act; or Ihe financial stslements do not accord wlth those records; or I have rK) conc8ms and havo ¢ome aryoss no other matters in connection with the examination to whlch attention should b8 drawn in thi8 report In order to anablo a prOr understanding of the accounts to be reached. thon epen an Cherry BA 8FP FCA MAE MCIArb MEWI nt Examlner Alc erry Chartered Accountants 26 Winckley Square Preston PR13JJ P•Jfr5r110
North Region Air Training Corps Sports and WVeff8re Fund Trustees, Annual Report and Financial Statement Year to 31 March 2023 RECEIPTS Yoar to 31 Mar¢h 2022 Unre51ricted Restrict•d Total Admlnlstratlon 33.80 33.80 597.32 Cad•t Lovy 6,913.80 6,913.80 0.00 Cour••• 4,900.81 4,900.81 6,390.83 Evonl8 6,607.26 Grant• 7,141.00 7,141.00 2,118.00 Intor•st 363.35 117.00 480.35 34.48 Group Captaln Cro•8 Scholarshlp Fund 1,000.00 1,000.00 900.13 Muslc Fund 2,482.06 2,482.06 1,489.38 Soclal Fund 160.00 Sport Sport8 Equlpm8nt Grant Sports Facllitles Grant 2.000.00 4,200.00 6,200.00 0.00 7,310.95 21,840.87 29,151.82 18,297.40 P4eOoflQ
North Region Atr Training Corps Sports and Welfare Fund Trustees, Annual Report and Financial Ststemenl Year to 31 March 2023 PAYMENTS Yaar to 31 March 2022 Unrestrlcted Restrlctsd Total Admlnlstratlon 512.80 512.80 1,657.08 Cournos 3,867.88 3,867.88 2.877.75 Dalo Trophy 500.00 500.00 0.00 Ev•nt8 0.00 0.00 4,304.22 Grant• 1,807.43 7,140.10 8,947.53 6,174.07 Mlk• Cros• Fund 500.00 500.00 0.00 Mu8lc Fund 2,578.11 2,578.11 890.40 RAC Malnt•nanc• Grant 384.40 384.40 42.99 Soclal 252.33 252.33 0.00 Sport Sports Event Costs Sports Equipment Grant 87.69 2,018.95 2,104.64 0.00 2,407.92 17,239.77 19,647.69 15,946.51 P4o7oflO
North R8glon Air Training Corps Sports and Walfara Fund Trustees, Annual Report and Financial Statement Year to 31 March 2023 SUMMARY Funds at 1 ri12022 Cash Community Account Business Premlum A(xount National Savings Income 8onds 0.00 32,325.98 15.953.95 34,000.00 82,279.93 Net of RecelptslPayments for the year 9,504.13 Fund8 at 31 March 2023 91,784.06 R8presented by,. Cash Community Account 8u8ln888 Premium Ac¢ount National Saving8 Income Bonds 41,349.76 16,434.30 34,000.00 91,784.06 Al the end of the financial year the fund held stock and prop8rty estimated to be valued in the region of £125,000. Refer to Notes 7 and 8 on page 10. These financial statements were approved by the trusteos at thelr {vlrtu81) meetlng on 15 JU 2023. Slgn8d on behamof the Charitys Trustees.. Mark R E1118 Deputy Chaimian Dr Anthony W Andrew8 Tr88surer P¢4011D
North Region Air Training Corp5 Sports and Welfare Fund TNslees' Annual Report and Financial Statement Year to 31 March 2023 NOTES Accounting Policy: These accounts have been prepared on a receipts and payments basis. Doblors and Credltors: At the end of the flnanclal year ther8 were no debtors or creditors. Mov•mont of Funds.. The movement of funds during the year is as set out below- Openlng R•c•lpts Payments Closing Communlty Account Unre8trlctod General Restrlctod AOAC Courses Dal8 Tiophy Grants Group Caplaln Cross Scholar8hip Fund Music Fund Ov8rseas Camps RAC Maintenance Grant Social Fund Sports Equipment Grant Sports Facilities Grant 7,964.20 6,947.60 2.407.92 12,503.88 1,571.39 5,807.88 0.00 0.00 1.200.13 1,925.08 1,237.50 2.201.24 1,376.68 9,042.08 0.00 4,900.81 0.00 7,141.00 1,000.00 2,482.06 0.00 0.00 0.00 2.000.00 4,200.00 32,325.98 28,671.47 1,571.39 3,867.88 6.840.61 500.00 -500.00 7,140.10 o.go 500.00 1,700.13 2,578.11 1.829.03 0.00 1,237.50 384.40 1,816.84 252.33 1,124.35 2,016.95 9,025.13 0.00 4,200.00 19,647.69 41,349.76 8uslnes8 Saver Account General Dale Trophy (Restrlcted Fund) 13,950.58 2,003.37 15,953.95 363.35 117.00 480.35 0.00 14.313.93 0.00 2,120.37 0.00 16,434.30 Natlonal Savlngs Income Bond General Dale Trophy (Restricted Fund) 25,400.00 8,600.00 34.000.00 0.00 0.00 0.00 0.00 25,400.00 0.00 8.600.00 0.00 34,000.00 The following funds are administered within the account.. AOAC: Air Operations Acquaint cent {fornedy at RAF Linton-on-ouse,. its redevelopment is currently work-in-progressl. Regional Activity Centre (fomierly at RAF Lintonn-0uSe, now lOted to RAF Leemingl. RAC: P•Je9cllQ
North Region Air Training Corps Sports and Welfare Fund TNsteey' Annual Report and Financial Statement Year lo 31 March 2023 Analysls of Receipts and Payments (by Funding Streams): Receipts 6,913.80 7.382.87 14,341.00 480.35 Payments 2.374.12 6,445.99 10,793.78 0.00 8alan¢e 4,539.68 936.88 Annual Levy on Cadet Numbers Events and Trdinlng Courses Donations and Ext8mal Grants Inte$1 Payment for Third Party 3.547.22 480.35 33.80 29,151.82 33.80 19.647.69 0.00 Total 9,504.13 Grants to North Reglon Alr Tralnlng Corps: During the year, Trus1888 have made a number of payments (to Ihose operating within North Region) from the unrestricted funds avaSlable to them, to support the cadet experience (essentially supporting activittes and training, organised by adum volunteers, to benefit of either cadets or adult volunteers} or related matters as follows.. Adventure TralnSng Leadership Trail8r Servlclng Medla Reglon Equipment 1.096.53 175.00 424.68 111.22 1,807.43 Trustee•, Rernuneratlon and Expenses: No remuneration - dlreclly or Indlrectly - ha8 been paid out of the fund8 [of the Charity] to any Trustee lor to any person or persons known to be connected with any of them). Stock: North Region Headquarters holds a stock of Regional Representative SweatshSrt8 {91 at year end purchased at £12.00 each and offered to eligible cadets at £12.50 each). Assets: The Trustees have continued, in conjunctlon with the adult volunteer staff. lo determine the value of the property purchased previously by the North Reglon ATC Sports and Welfare Fund or purchased and issued to North Region by Headquarters Alr Cadets leilher by means of funds provided by the Ministry of Defence or the Air Training Corps General Purpose Fund). We believe that the realistlc figure for this property to be in the region of £125,000 (including the value of the stock referred to above). Record Keeplng: The Truslees are satisfied that the record keeping has enabled reports to be prepared that fully reflect the extent of the charily's operation from year-to-year - all as required by Part 8 of the Charities Act 2011. Pwe10of10