| Members ofthe board | and professional | advisers | Page | 1 | |
|---|---|---|---|---|---|
| Trustees' annual report |
Pages | 2to 4 | |||
| Independent examiners' |
report | Page | 5 | ||
| Statement offinancial | activities | Page | 6 | ||
| Balance sheet | Page | 7 | |||
| Notes to the financial | statements | Pages | 8to 14 |
| The Board | The Board | ofTrustees | Colonel M A Cadman | Colonel M A Cadman | |||||
|---|---|---|---|---|---|---|---|---|---|
| Father D A Conroy | |||||||||
| Father IJ Stevenson | (appointed | I January 2022) | |||||||
| Commander I M Crabtree |
|||||||||
| Father P Hanrahan | (resigned | 31 | December 2021) | ||||||
| Rt Rev Bishop P Mason | |||||||||
| Rev D Skillen | |||||||||
| Wing Commander | C | P | Thorpe | ||||||
| Principal | Ad dress | St. Orner Barracks | |||||||
| Thornhill Road |
|||||||||
| Aldershot | |||||||||
| Hampshire | |||||||||
| GUI I 2BG | |||||||||
| Independent | Examiner | Mark Dickinson FCA | |||||||
| Wise &Co | |||||||||
| Chartered Accountants |
|||||||||
| Wey Court West | |||||||||
| Union Road | |||||||||
| Farnham | |||||||||
| Surrey | |||||||||
| GU9 7PT | |||||||||
| Bankers | Royal Bank ofScotland | ||||||||
| Holts Farnborough | Branch | ||||||||
| 200 Fowier Avenue | |||||||||
| Farnborough Business Park |
|||||||||
| Farnborough | |||||||||
| Hampshire | |||||||||
| GU14 7JP | |||||||||
| Investment | Managers | BlackRock Investment | Management | (Uk) Limited | |||||
| PO Box9036 | |||||||||
| Chelmsford | |||||||||
| Essex | |||||||||
| CM99 2XD |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Funds | Funds | ||||
| Notes | |||||
| INCOME AND ENDOWMENTS | |||||
| Donations received |
160,968 | 163,580 | |||
| Investment income and |
bank interest | 23,926 | 23,472 | ||
| Other | 171 | ||||
| TOTAL INCOME | 184,894 | 187+23 | |||
| EXPENDITURE | |||||
| Charitable Activities |
|||||
| Salaries | 116,430 | 123,974 | |||
| Office | 32,372 | 12,490 | |||
| Residence | 20,004 | 18,589 | |||
| Donations and grants payable |
8,413 | 12,090 | |||
| 177+18 | 167,143 | ||||
| TOTAL EXPENDITURE | 177+18 | 167,143 | |||
| NET INCOME/EXPENDITURE | AND NET | ||||
| MOVEMENT IN FUNDS |
BEFOREGAINS | 7,676 | 20,080 | ||
| AND LOSSKS ON INVESTMENTS | |||||
| Unrealised Gain/(Loss) |
on Investments | 40,418 | 123,200 | ||
| NET MOVEMKNT IN FUNDS | 48,094 | 143480 | |||
| RECONCILIATION OF FUNDS | |||||
| FUNDS AT 1 APRIL 2021 | 753,659 | 610479 | |||
| FUNDS AT 31MARCH 2022 | 801,753 | 753,659 |
| BALANCE SHEET | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| FORTHE | YEAR ENDED 31MARCH | 2022 | ||||
| Notes | 2022 | 2021 | ||||
| AXED ASSETS | ||||||
| Tangible assets | 703 | 836 | ||||
| Investments | 730,038 | 689,620 | ||||
| 730,741 | 690,456 | |||||
| CURRENT ASSETS | ||||||
| Cash at bank | 79,027 | 66,590 | ||||
| 79,027 | 66,590 | |||||
| CREDITORS: Amounts | falling due within | |||||
| one year | 10 | (8,015) | (3,387) | |||
| (8,015) | (3@87) | |||||
| NET CURRENT ASSETS | 71,012 | 63,203 | ||||
| NKT ASSETS | 801,753 | 753,659 | ||||
| REPRESENTED BY: | ||||||
| FUNDS | ||||||
| Unrestricted: | ||||||
| Designated | 45,806 | 47,719 | ||||
| General | 755,947 | 705,940 | ||||
| TOTAL FUNDS | 11I12 | 801,753 | 753,659 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| K | |||||
| Donations - Unrestricted | Funds | ||||
| Royal Navy | 16,097 | 16,358 | |||
| Army | 72,436 | 73,61 I | |||
| Royal | Air Force | 72,436 | 73,611 | ||
| 160,96S | 163,580 | ||||
| estment | Income | 2022 | 2021 | ||
| UK investment | dividends | 23,889 | 23,438 | ||
| Bank interest | receivable | 38 | 34 | ||
| 23,926 | 23,472 |
| 2022 | |||||
|---|---|---|---|---|---|
| K | |||||
| Bishop's remuneration | &pension | 38,500 | 38,499 | ||
| Staff remuneration & pension |
57,720 | 66,100 | |||
| Vicar General accommodation | 20,210 | 19,375 | |||
| 116,430 | 123,974 | ||||
| Expenditure: Office |
|||||
| Unrestricted: | |||||
| Bishop's Year Book (net ofdonations) | 1,157 | 885 | |||
| Telephone | 150 | ||||
| Website+ media | 2,985 | 3,296 | |||
| Meetings | 3,857 | 895 | |||
| Trustees Dinner | 1,933 | ||||
| Printing &Stationery | 258 | 653 | |||
| Postage | 87 | 45 | |||
| Publications | 108 | ||||
| Repairs &Renewals | 63 | 495 | |||
| Travel | 5,723 | 594 | |||
| Falklands Anniversary |
Event | 6,296 | |||
| Bishop's Expenses | 1,110 | ||||
| Sundries including subscriptions |
1,250 | 560 | |||
| Insurances | 740 | 253 | |||
| Accountancy and Independent |
Examination | Fees | 3,000 | 3,695 | |
| Bookkeeping and Payroll |
3,640 | ||||
| Depreciation Computer |
Equipment | 84 | 111 | ||
| DBS/Safeguard | 13 | 686 | |||
| OAiciai Entertaining | 108 | ||||
| Bank Charges | 70 | 66 | |||
| 32/72 | 12,490 | ||||
| Expenditure: Residence |
|||||
| Rent | 12,000 | 12,000 | |||
| Council Tax &Water | 2,633 | 2,547 | |||
| Insurance | 1,168 | 1,142 | |||
| Heat, Light &Power | 3,028 | 2,142 | |||
| Repairs &Renewals | 430 | 107 | |||
| Telephone | 536 | 327 | |||
| Sundries | 159 | 270 | |||
| Depreciation Fixtures |
&Fittings | 49 | 54 | ||
| 20,004 | 18,589 |
| gible Fixed Assets | |||
|---|---|---|---|
| Office & | |||
| Computer | House | Total | |
| Cost or Valuation | |||
| at 1 April 2021 | 8,068 | 10,655 | 18,723 |
| Additions | |||
| Disposals | |||
| At 31March 2022 | 8,068 | 10,655 | 18,723 |
| ~De teciatioa | |||
| at 1 April 2021 | 7,720 | 10,167 | 17,887 |
| Disposals | |||
| Charge for the year | 84 | 133 | |
| At 31March 2022 | 7,804 | 10,216 | 18,020 |
| Net Book Value | |||
| At 31March 2022 | 264 | 439 | 703 |
| at 1 April 2021 | 348 | 488 | 836 |
| 8. | Investments | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Listed investments | |||||
| Armed Forces Charities | Growth | and Income Fund | 730,038 | 566,420 | |
| 2022 | 2021 | ||||
| Movement in Market Value |
|||||
| Market value at 1 April | 2021 | 689,620 | 566,420 | ||
| Acquisitions at cost |
|||||
| Disposals at open book |
value | ||||
| Net gains (losses) on revaluations | in the year | 40,418 | 123,200 | ||
| Market value at 31March 2022 | 730,038 | 689,620 | |||
| 9. | Analysis ofcurrent assets | ||||
| 2022 | 2021 | ||||
| K | |||||
| Cash at bank & in hand | 79,027 | 66,590 | |||
| 79,027 | 66,590 | ||||
| 10. | Analysis ofcreditors | 2022 | 2021 | ||
| Bishopric Charities | 724 | 724 | |||
| Accruals | 3,520 | 2,400 | |||
| Pension Liability | 64 | ||||
| P.A.Y.E.and N.I. | 1,991 | ||||
| Other creditors | 1,716 | 263 | |||
| 8,015 | 3,387 |
| Total Funds | Total Funds | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Fund balances | at 31 | March are represented | by: | ||
| Fixed assets | 703 | 836 | |||
| Investments | 730,038 | 689,620 | |||
| Net Current Assets | 71,012 | 63,203 | |||
| 801,753 | 753,659 | ||||
| Split ofunrestricted | funds | ||||
| Designated | 45,806 | 47,719 | |||
| General | 755,947 | 705,940 | |||
| 801,753 | 753,659 |
| Movements | in Funds - Cu | rrent Year | ||||||
|---|---|---|---|---|---|---|---|---|
| Income | / | Expenditure | / | |||||
| Opening | Investment | Investment | Closing | |||||
| Balance | Gains | Losses | Balance | |||||
| Unrestricted | Funds | |||||||
| Revenue | Reserves | 183,045 | 184,894 | 175,305 | 192,634 | |||
| Capital | Reserves | 522,895 | 40,418 | 563,313 | ||||
| Designated | Funds | |||||||
| Colonel | Angela Curran | Legacy | 6,424 | 6,424 | ||||
| Bishop | Frank Walmsley | Legacy | 34,379 | 34,379 | ||||
| Shrivenham Fund |
6,916 | 1,913 | 5,003 | |||||
| 753,659 | 225,312 | 177,218 | 801,753 |
| Movements | in Funds - Pre | vious Year | |||||
|---|---|---|---|---|---|---|---|
| Income / | Expenditure | / | |||||
| Opening | Investment | Investment | Closing | ||||
| Balance | Gains | Losses | Balance | ||||
| Unrestricted | Funds | ||||||
| Revenue | Reserves | 156,965 | 187,223 | 161,143 | 183,045 | ||
| Capital | Reserves | 399,695 | 123,200 | 522,895 | |||
| Designated | Funds | ||||||
| Colonel | Angela Curran | Legacy | 6,424 | 6,424 | |||
| Bishop | Frank Walmsley | Legacy | 34,379 | 34,379 | |||
| Shrivenham Fund |
12,916 | 6,000 | 6,916 | ||||
| 610,379 | 310,423 | 167,143 | 753,659 |