REPORT BY THE TRUSTEFS nF THF. UEEN, S OWN GURKHA LOC.ISTIC RF.GIMENT REGIMFNTAL TRUST FOR THE YF.AR F.NDF.D 31. ' MARCH 2024 BackgrouniL The original Queen's Own Gurkha Transport Regiment Regimental Trust came into being on 2. April 1992. when the Trust Deed was fomially adopted. Subsequently the structure of the Regiment changed dramatically as a result of reductions within the Brigade of Gurkhas and the withdrawal from Hong Kong. Until 31° November 2012 the Regiment was embodicd within 1. 28, 36, 66 (Fuel) & 94 Squadrons QOGLR. together with the IOQOGL.R Light Aid Detachment all of which were integral units of l O The Queen's Own Gurkha l.ogistic Regiment and 9 Regiment The Royal Logistic Corps and other worldwide outlying detachments. Subsequenily (from I st December 2012) the Regiment re-roled as a Theatre Logistic Regiment. It was then embodied within I Supply Squadron, 28 Fuel and General Transport Squadron, 36 Headquarters Squadron and l O QOGLR LAD, all of which were integral units of 10 The Queen's Own Gurkha l.ogFistic Regiment and other worldwide outlying detachments. The recent expansion of the Brigade of Gurkhas has resulted in the Regirnent gaining additional Squadrons and roles. The new Squadrons are 14 Sqn, 15 Sqn, and 94 Sqn wilh 31 Squadron beingF reforn]ed from 2023. Objecls of the Trusl The objects of the Trust are: To promote the efficiency of the Regiment and the maintenance of its history, traditions and esprit de corps. To purchase such chattels and other property as is, in the opinion of the Managing Trustees, for the benefit of the Regiment and to insure and maintain such property. For other charitabl¢ purposes, promoting efficiency or esprit de corps of all ranks of or serving with the Regiment, includtng the provision of recreational facilities and amenities not provided for out of public funds. To provide for the relief of hardship. di£tress or poverty amongst serving or fornier members of the Brigade of Gurkhas and dependents by the provision or application of monies whether by gift or loan. These objects have been borne in mind by the Trustees during the period under review. The Charity receives a generous grant each year from the Brigade Education and Welfare Fund. This is found from the Soldiers Day's Pay Giving scheme and must be spent within the financial year on activities that directly benefit serving members of the Regiment and their families. In the previous year, owing to the deployment of much of the Regiment overseas, it was NOT possible to spend the grant in full and HQBG was inforn]ed of this. £1,920 was carried fonvard to the year now under report. A list of activities supported during 202312024 will then be submitted to HQBG and a copy attached to the accounts of the Charity. Public benefil The Fund achieves its objectives by the making of charitable grants out of its capital and income for the purpose of promoting the etTiciency of the amied forces of The Crown, particularly by supporting the welfare of serving personnel and in commemorating the history and traditions of the Regiment.
The Charity usually makes a range of grants that award initiative, support adventurous training and sport. and other activities that are not adequately, or directly, provided from Public Funds. A wide range of activities were supported. The Trustees consider. therefore, that the Charity more than met the requirement to provide Public Benefit under the charitable "Head" of 'tthe promotion of the efficiency of the am)ed forces of The Crown" (Explanalion,. There are number of "Heads uf Charity" One of Ihese is the promotion of Ihe efficiency of ihe armedforces of The Crown and ihe emergency services). The Charity is not well endowed financially and Seeks to build reserves invested via the Arnied Forces Charities Growth & Income Fund. During ihe year a further £5.000 was invested. The addition of the new Squadrons has resulled in expenditure to ensure that they really feel part of Ihe Regiment and adopt its ethos and traditions. Truslees and advisers. The Colonel of the Regiment and Chairnian of the Board of Trustees is Brigadier Patch R¢¢hal MBE who was appointed on I" August 2020. Other Ex-officio Trustees are: Commander QOCJLR Lieutenant Colonel Oliver Nyman, Gurkha Major QOGLR Maj()r Bhim Shreesh. Regjimental Senior Major Gary Power. WOI {RSM) Lok Sunuwar Co-opted Trustees: Major General lan Copeland CB, Lieutenani Colonel (Retired) Paul Gilham The OC I Squadron QOGLR. Major Mike Ruocco RLC is Secretary to the Trustees. Finanee Sub Committee. The Officer Commanding 36 (HQ) Squadron QOGLR Major I'ergus Cowen RLC is Secretary of the Finance Committee which consists of the Co-opted Trustees and Major (Retd) Mike Adler. Major Adler is NOT a voting member of this Committee.W02 Santosh Rai RQMS of10 QOGLR represents the GURTAM point of view. Major Tom Cowan Officer Commanding 31 Squadron is the Property member. The Independent Services Agency Ltd provides Trcasurer support to the Trustees. The Trustees Continue to make use of Holt's Military Banking (part of the Royal Bank of Scotland plc) as their Bankers. The Trust's investments are now entirely with the BlackRock Arnied Forces Charities Growth & Income Fund (BRAFCG&IF income units). Income and Erpendilure Income was derived wholly from the BRAFCG&IF income units. A small amount of bank deposit interest accrued. The Brigade Education and Welfare Fund made a grant of £20,241.00 which was used for welfare purposes within the expanded Regiment. The Trustees are
continuing to grow the assets of the Charity in order to provide funds for future benevolence and the well-being of the Regiment. Risk assessmenl andpolicy. The Trustees review the risks, which might affect the Charity, on a regular basis. The main risk is assessed as being a major collapse of the Stock Market but. nevertheless, they consider that their investments, which are professionally managed. are as well diversifjed as they Can be. The Trustees have experienced previous down lums in the market but, being a charity with long terni expectations and requirements. they are content that their present investment policy is the proper one. Written policy documents are in place to cover risk management. inwestment and conflicts of interest. No such documents are required to c()ver volunleer management, safeguarding vulnerable beneficiaries and complaints handling as the Charity is most unlikely to have any involvement in such matters. Aclivllle,¥ and achievemenls. All the aclivities planned tor during the year were achieved and were successful. Governance. Trustees are selected on the basis of special skills that they can ofTer which will benefit ihe Charity in temis of its operalion. A balance is maintained in order to ensure that both ihe retired and the servingy elements of th¢ Reg7iment are adequately represented. Trustees. training is mainly achieved by virtue of posilions held by Truslees in their civil ian or military capacities. Where necessary, the Independent Services Agency Ltd provides specialised technical advice on relevant current charity matters. The Trustees are all "voluntecrs" and offer their services on a financially un-rewarded basis. No other volunteers are employed. The Charity has no trading subsidiary and is not a member of the Fundraising Standards Board as it does not seek to raise funds. Plansfor ihefulure. Trustees plan to allocate funds to meel th¢ needs of the expanded Regiment. Thus they intend to continue to grow the assets of the Charity and to assist the Regiment with grants for suitable charitable purposes. Signed by the Secretary on behalf of all Trustees. The original documenl approved al Ihe Trw¢ee,i Meeling held un 21 May 2024 qoglrnnnualreportoftrnstee$2024
Inde ndent Examiner's Re Re iment81 Trust ort to the Trustees of The ueen's Own Gurkha Lo istic Re iment I report on the accounts of the Trust for the period ended 31 March 2024 as set out on the attached documents. ective res onsibllitles o Ihe Truslees and Ihe E¥amlner As the Charity's Trustees you are responsible for the preparation of the accounts" you consider thal the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does NOT apply. It ts my responsibility to slale, on the basis of procedures specified in the General Directions given by the Charity Commi55ioners under seclion 43{7Kb) of the act. whether particular matters have come to my attention. It will be noted that a small adjusting item has been included on the Receipts and Payments account bui the materiality of this transaction is not considered to be significant nor a matter of oncern. Basis o Ihe Inde endeni Eranun r's Re orl My examination was caled out in accordance with the General Directions given by ihe Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a omparison of the accounts presented with those on record. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as Trustees ¢on¢¢rnin8 any such mallers. The prwedures undertaken do nol provide all the evidence thal would b¢ required in an audit. and consequently I do NOT express an audil opinion on the view given in the accounts. endeni Eramlners Sialemen¢ In ronnection with my examination, NO matter has come to my attention; ( l ) which gives me reasonable cause to believe that in any respect the requirements to keep accountin8 records in accordance with section 41 of the Act. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met. or (2) to which, in my opinion, attention should be drawn in Order to enable a proper understanding of the accounts to be reached. Plac¢; West End .120Z
Charity Accountlng Statement I fR¢1pts & Payments Basls) Unrnstrlcted funds wn GUh8 L Istlc R Iment R Imentai frust CC57 lal Prevlous Yeor Ye•r •ndlngJl Il•rch X12J Year ending 31 Irfarch 2024 Thls yearfs amount Glfts. donatlons & voluntary recelpts Other donatlons NOT GA Donations Regimental fund ralslng Donations via Just Glving Other donations 8EWF £0.00 £869.71 £2,189.29 £21,129.14 £5.00 E646.ry) É2.331.88 £19,W.Zl £24.188.14 £831.41 £11.651.10 Other Recelpts e•med from 86th BRAFCG&I Fund £5,725.72 É5.424.76 Oth•r rK•lpts Deposit Intor•Jt RBS Dla Interest £237.45 £61.19 £30,982.72 E21,137.05 Capltol rolsedfrom Sale ollnve5tments (Nofcountlnq as Income) BRAFCG&IF reallsatlon of unlt5 Tot41 rnc•lpts £30,982.72 l•lJ7J15 P•yments P•ymenls dlr•ctly for charltable purpoJ•8 For list of grants made in the year 202312024 from the Brlgade Educaton & Welfare Brant see Ilst attached -£23,783.15 .£350.00 -£733.90 416.709.91 Other COR Kukrl Iwelfare fllght -£24,867.05 Other expendlture ym•nts forpubllclty fundr•lslng •ndm•n•g•m•nt •ftd•dffllnl¥Jtr•ll¢)n Fees lust Glvlng Treasurer 1202212023 (Cleared In 20231241 Treasurer 202312024 .£144.00 4216. 46. -£650.00 4816.00 Other Mlnor irants Wreath Chattels -£591.98 4110SJ9 42.105.59 GBA Subscriptlon -£405.00 Trustee out of pocket expenses 'v Grants total "n¥•st•ment INOT counted as Exp•ndltur•l -£250.00 -£Z6.908.03 -£5,000.00 .£31,908.03 4J9,631.51 £30,982.72 -£31.908.03 -£925.31 Excess oAexpendlture o¥erlncome É7.W.54 Cash funds last year end R8S Cla £500.00 £507.00
'RBS Dla £15,174.86 -£600.00 £15.074.86 -£925.31 £6.984.32 4390.fX) £73,173.06 E15 Balance after deductlon of excess expenditure over income £14,149.55 £14,149.55 Cash funds thls ywr end RBS Cla R85 Dla £51XJ.00 £15,149.55 -£1,500.00 £14.149.55 £xv, £15,174.86 less uncleared Item 600.(K) £15,074. Orlglnal Signèd by a Trustee on behalf of all the Trustees. Dated
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