T R UST AI M S
- The aims of the T rust remain and ra e:
a. The rp omotion of the efciency of the Regiment and the maintenance of its history t raditions and esprit de corps.
b. The purchase of such chattels and other rp operty as in the opinion of the Trustees is for the beneft of the Regiment and the insurance and upkeep of any property for the time being belonging to the T rust.
c. Other charitable purposes p romoting the efciency o r esprit de corps of all ranks of r o serving with the Regiment - including without rp ejudice to the generality of the foregoing the rp ovision of recreational facilities and amenities not rp ovided for out of public funds.
d. The relief of distress hardship r o poverty amongst serving r o former members of the Regiment r o their dependents by the rp ovision r o application of such moneys whether by loan o r gift as the T rustees consider to be necessary.
ACTIVITIES D U R ING THE YEA R
-
The intent of the rT ust remains unchanged rf om the rp evious year – to support the activities of the Regiment and the Association. However the extraordinary implications of the COVID 19 pandemic severely constrained the conduct of normal Regiment and Association events.
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The Regiment implemented a number of a dditional events in o rder to p rovide individual and community support during the lockdown periods. Rafes, ‘take-away’ nights and COVID secure social events were ro ganised throughout 2020 to rp ovide relief to serving personnel and their dependents. The Regiment therefore expended over £16,000 on maintaining morale and well-being throughout the pandemic. 4. The events planned by the Association were all cancelled. The relative age and health of Association members meant that it would not have been possible to deliver COVID secure events – and it was highly likely that attendance would still have been reduced due to individual concerns. The Association therefore d d i not expend any of the allocated funding, and it has been rp oposed to save this money for 75[th] Birthday celebrations, which ra e planned for 2024.
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The Balance Sheet and rB eakdown of Income and Expenditure for 2020 a re attached.
PLANS AN D EXPECTATIONS
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The rT ust is planned for ra eturn to normality in 2021, with events being able to be delivered in accordance with government guidelines. Funding will therefore be allocated based on this assumption. If events have to be cancelled during the year, due to restrictions remaining in place, then an underspend will be accepted and will be reviewed by rT ustees in 2022.
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The rT ust investments have been impacted due to the fnancial implications of COVID. This has afected both income rf om dividends and also capital value. This will be monitored throughout 2021 to assess whether it will impact on delivery in 2022.
QG Signals r T ust Fun d - 2020
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R ECEIPTS
D ATE NA M E VOU INVOICE NO/ CASH BANK
NO CHEQUE NO Task
£ - £ 13,441 . 32
Dec 31, 20 Watts Donation 1 £ 180 00.
Dec 31, 20 Verdon Donation 2 £ 120 00.
Dec 31, 20 Ambar Donation 3 £ 60 00.
Jan 27, 20 Membership 4 £ 25 00.
Feb 5, 20 Gift Aid 5 £ 162 64.
Feb 17, 20 Gift Aid 6 £ 1,008 23.
Feb 20, 20 Donation 7 £ 302 40.
Mar 4, 20 Regt Donation 8 £ 1,711 95.
Mar 5, 20 Sqn Fund raising 9 £ 1,500 00.
Mar 10, 20 Dividend 10 £ 1,274 09. Q1 Dividend
Apr 6, 20 Styles Donation 11 £ 500 00.
Apr 21, 20 Fayers Donation 12 £ 35 00.
May 13, 20 Membership 13 £ 25 00.
May 14, 20 BG Donation 14 £ 7,798 00.
Jun 5, 20 Dividend 15 £ 1,729 12. Q2 Dividend
Jul 17, 20 BG Cohersion 16 £ 1,435 00.
Jul 21, 20 QGSA Joining 17 £ 25 00.
Sep 7, 20 Dividend 18 £ 1,586 09. Q3 Dividend
Nov 24, 20 QGSA Joining 19 £ 25 00.
Nov 20, 20 BG Donation 20 £ 7,798 00.
Dec 29, 20 Dividend 21 £ 1,573 35. Q4 Dividend
TOTALS £ - £ 42,315 19.
Cash Balance £ - £ 42,315 19.
Bank Balance £ 22,699 . 55 £ 22,699 55.
Total Cash £ 22,699 . 55
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D ivi d en d D onation Gift Ai d R egt
GA D I Amount Task Amount Task Amount Task Amount
£ - Watts SO £ 180 00.
£ - Verdon SO £ 120 00.
£ - Ambar Gng SO £ 60 00.
2018 £ 162 64.
2019 £ 1,008 23.
Gurkha Golf £ 302 40.
Cutting 1,711 95.
248 GSS £ 1,500 00.
£ 1,274 09.
Styles Donation £ 500 00.
Fayers Donation £ 35 00.
£ 1,729 12.
£ 1,586 09.
£ 1,573 35.
£ 6,162 65. £ 2,697 40. £ 1,170 87. £ 1,711 95.
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BEWF QGSA R &C D EBT
Task Amount Task GA D I Amount Task Amount Task
Karas £ 25 00.
Whillis £ 25 00.
BG Donation £ 7,798 00.
BG Donation £ 1,435 00.
Roger Stanton £ 25 00.
Elton Davis £ 25 00.
BG Donation £ 7,798 00.
£ 17,031 00. £ 100 00. £ -
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PAYMENTS
TO R S C R E D ITO R S D ATE NA M E VOU
Amount Task Amount No
Feb 4, 20 Complin 1
Jun 5, 20 COVID Community 2
Jun 10, 20 Investment 3
Jun 18, 20 GM Portrait 4
Jun 24, 20 Cross Belts 5
Jun 29, 20 Newsletter 6
Jul 22, 20 Pope Gift 7
Oct 5, 20 Regt G rant 8
Oct 5, 20 NST G rant 9
Oct 5, 20 BST G rant 10
Oct 5, 20 Regt History 11
12
13
14
15
16
17
18
19
20
21
22
£ - £ - Vertical
Horizontal
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INVOICE NO CHEQUE No CASH BANK Investment T r avel
Task Amount Task Amount
£ 85 08. Complin £ 74 10.
£ 5,500 00.
£ 3,000 00. WC £ 3,000 00.
£ 1,000 00.
£ 792 96.
£ 500 00.
£ 80 00.
£ 6,700 00.
£ 400 00.
£ 500 00.
£ 1,057 60.
£ - £ 19,615 64. £ 3,000 00. £ 74 10.
19,615 64.
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Ofce R egt G r ants QGSA
Task Amount Task Amount Task Amount Task
Complin £ 10 98.
COVID £ 5,500 00.
M G Portrait £ 1,000 00.
rC oss Belts £ 792 96.
Newsletter £ 500 00.
Pope Gift £ 80 00.
Regt G rant £ 6,700 00.
NST £ 400 00.
BST £ 500 00.
History £ 1,057 60.
£ 10 98. £ 16,450 56. £ 80 00.
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A R &C D EBTO R S C R E D ITO R S
Amount Task Amount Task Amount Task Amount
£ - £ - £ - £ -
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SHA R E VALUATIONS
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Investment Valuation
Sha r e Value /-
M&G 2019 £ 150,471 72.
M&G 2020 £ 128,841 44. -£ 21,630 28.
AF 2019 £ 44,569 20.
AF 2020 £ 48,945 97. £ 4,376 77.
Total -£ 17,253 51.
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D IVI D EN D S
TAKEN AS INCO M E
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Walke r r C ipps
Item Amount 2019 Amount 2020
Dividend £ 1,212 43. £ 1,274 09.
Dividend £ 1,751 29. £ 1,729 12.
Dividend £ 1,751 29. £ 1,586 09.
Dividend £ 2,775 69. £ 1,573 35.
Total £ 7,490 70. £ 6,162 65.
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R EINVESTE
D
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Black r ock
Item Amount 2019 Amount 2020
Dividend £ 365 93. £ 401 78.
Dividend £ 370 49. £ 473 46.
Dividend £ 373 85. £ 259 04.
Dividend £ 373 85. £ 286 13.
Total £ 1,484 12. £ 1,420 41.
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Balance Sheet QG
P r evious Pe r io d Figu r es
Totals Sub-Totals Totals
£ -
£ 13,441 32.
£ 13,441 32.
£ -
Le
P
£ 13,441 . 32 T
£ 13,441 . 32 To
£ -
£ -
£ -
£13,441 . 32 Net Working Cap
In
£ 150,471 72.
£ 44,569 20. Armed Force
£ -
£ 195,040 . 92
£ 196,874 13. Balance
-£ 19,947 96. Ad
Subt
£ 208,482 . 24 Accumulat
being Net Wo r ki
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D ate: 10 Feb 21
D ate: Feb 21
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Signals r T ust Fun d as at 31 D ec 2020 B R E
Cu rr ent Pe r io d Figu r es INCO M E
Totals Sub-Totals Totals Item
ASSETS
Dividends
Donations
Cash in Hand £ - BEWF G rant
Cash in Bank £ 22,699 55. Gift Aid
R&C
Total Cash £ 22,699 55. Share Purchase
Deposit Accounts
ess Sundry C reditors
Plus Sundry Debtors £ - Totals
Total Liquid Assest £ 22,699 . 55
Total Current Assets £ 22,699 . 55 Memberships
LIABILITES GBA Mship
£ - Col BG Gift
£ - Web T raining
Total Liabilities £ - QGSA (S)
QGSA (Nep)
pital(Current Assets minus Liabilities £ 22,699 . 55 QGSA (HK) 2 y rs
FIXE D ASSETS Dharan Memorial Park
nvestments at Cost Sig Rupesh Donation
M&G Char i Fund £ 128,841 44.
es Common Investment Fund £ 48,945 97. Totals
Market Value Donation
Capital P roperty £ - BST G rant
Total Fixed Assets £ 177,787 . 41 NST G rant
GENE R AL PU R POSES FUN D Dasain
as per Last Balance Sheet £ 208,482 24. Regtl B'day
dd Excess of Income -£ 7,995 28. Football teams
tract Excess of Income £ - Attestation P de
te d Gene r al Pu r poses Fun d £ 200,486 . 96 Regt Newsletter
ing Capital an d Total Fixe d Assets TW team
Pokhara Museum
Sqn Banners
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Signatu r e of Fun d M anage r
Signatu r e of Inte r nal Au d ito r :
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Totals
r T avel
Ofce
G r an d Totals
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Bplpn¢¢ Income o
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EAK D OWN OF INCO M E AN D EXPEN D ITU R E FO R THE PE R IO D 1 JAN 2020 - 31 D EC 2020
E/EXPEN D ITU R E 2019 INCO M E/EXPEN D ITU R E 2020
Income Expen d itu r e Item Income Expen d itu r e
Gene r al Gene r al
£ 7,490 70. Dividends £ 6,162 65.
£ 360 00. Donations £ 2,697 40.
£ 14,878 00. BEWF G rant £ 17,031 00.
£ - Gift Aid £ 1,170 87.
2019 Excess of Income £ 4,155 00.
£ 2,000 00. Share Purchase £ 3,000 00.
£ -
£ -
£ 22,728 . 70 £ 2,000 . 00 Totals £ 31,216 . 92 £ 3,000 . 00
QGSA QGSA
£ 125 00. Memberships £ 100 00. £ -
£ 370 00. GBA Mship £ -
£ 200 00. GBA Bhela £ -
£ 70 00. Wreaths £ -
£ - £ 5,500 00. Bhela Regt Tent £ -
£ - £ 2,000 00. QGSA (Nep) £ -
£ 400 00. QGSA (UK-S) £ -
£ 330 00. QGSA (HK) £ -
£ 500 00. Sec Disc Exp £ -
MG Pope Retiring Gift £ 80 00.
£ 125 . 00 £ 9,370 . 00 Totals £ 100 . 00 £ 80 . 00
R egt R egt
£ 3,547 61. Donation £ 1,711 95.
£ 500 00. BST G rant £ 500 00.
£ 400 00. NST G rant £ 400 00.
£ 4,200 00. Dasain £ 4,200 00.
£ 2,500 00. Regtl B'day £ 2,500 00.
£ 500 00. COVID Relief £ 5,500 00.
£ 1,000 00. Attestation P de £ -
£ 500 00. Regt Newsletter £ 500 00.
£ 250 00. TW team £ -
Pokhara Museum £ -
£ 914 40. M G Painting £ 1,000 00.
Chattel maintenance £ 1,057 60.
rC oss Belts £ 792 96.
£ 3,547 . 61 £ 10,764 . 40 Totals £ 1,711 . 95 £ 16,450 . 56
£ - £ 68 . 00 r T avel £ - £ 74 . 10
£ 43 . 85 Ofce £ 10 . 98
£ 26,401 . 31 £ 22,246 . 25 G r an d Totals £ 33,028 . 87 £ 19,615 . 64
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r Expen d itu r e £ 4,155 . 06 Balance Income ove r Expen d itu r e £ 13,413 . 23
IN D EPEN D ENT EXA M INE R S R EPO R T TO THE R T USTEES FO R THE YEA R EN D E D
2020
R epo r t
- I wish to report on the accounts of the Queen’s Gurkha Signals rT ust for the year ended 31 December 2020 as set out on the attached documents.
R esponsibilities of the r T ustees an d the Examine r
- As explained more fully in the T rust Charter, the T rustees a re responsible for the preparation of the fnancial statements and for being satisfed that they give ra t ue and fair view, and for such internal control as the rT ustees determine is necessary to enable the preparation of fnancial statements that are rf ee rf om material misstatement, whether due to f raud r rro e or. The rT easurer, on behalf of the T rustees, is responsible for overseeing the p reparation of the fnancial statements. I have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made o r having efect thereunder.
In d epen d ent Examine r 's R epo r t
- My examination was carried out in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. I am independent of the Queen’s Gurkha Signals T rust Fund in accordance with the ethical requirements that a re relevant to an audit of the fnancial statements in the UK, including the F RC’s Ethical Standard, and I have fulflled my ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufcient and appropriate to provide a basis for my opinion.
In d epen d ent Examine r s Opinion
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In respect of my examination, the fnancial statements p rovided:
-
give ra t ue and fair view of the state of the Queen’s Gurkha Signals rT ust Fund afairs as at 31 Dec 20 and of its incoming resources and application of resources for the year then ended;
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have been rp operly rp epared in accordance with United Kingdom Generally Accepted Accounting P ractice;
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have been p repared in accordance with the Charities Act 2011.
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This report is made solely to the Queen’s Gurkha Signals rT ust Fund rT ustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. The audit has been undertaken so that I may state to the T rustees those matters I am required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, dI o not accept or assume responsibility to anyone other than the Charity and the Charity’s rT ustees as a body, for my audit work, for this report, o r for the opinions that I have formed.
Signed: Capt C Limbu ( R AO 30 Sig R egt) Date: 03 M a r 2021
30 Signal Regiment Gamecock Barracks Bramcote Nuneaton Warwickshire CV11 6QN