2021-12-31-accounts

TRUST AIMS

1. The aims of the Trust are:

a. The promotion of the efficiency of the Regiment and the maintenance of its history traditions and esprit de corps.

b. The purchase of such chattels and other property as in the opinion of the Trustees is for the benefit of the Regiment and the insurance and upkeep of any property for the time being belonging to the Trust.

c. Other charitable purposes promoting the efficiency or esprit de corps of all ranks of, or serving with, the Regiment - including without prejudice to the generality of the foregoing the provision of recreational facilities and amenities not provided for out of public funds.

d. The relief of distress, hardship or poverty amongst serving or former members of the Regiment or their dependents by the provision or application of such moneys whether by loan or gift as the Trustees consider to be necessary.

ACTIVITIES DURING THE YEAR

1. The principal intent of the Trust remained unchanged from the previous year – to support the community related activities of the Regiment and the Association. However, the continued implications of the COVID 19 pandemic severely constrained the conduct of normal Association events.

2. The Regiment conducted a number of community social events in line with COVID restrictions, which were very important in maintaining community connections. These events involved serving personnel and their families and remained an important part of building and maintaining morale and support within the serving Gurkha community.

3. The events planned by the Association were all cancelled as in 2020. The relative age and health of Association members meant that it would not have been possible to deliver COVID secure events – and if they had been conducted, when possible, it was highly likely that attendance would have been reduced due to individual concerns. The Association therefore did not expend any of the allocated funding, and it has been proposed to save this money for 75[th] Birthday celebrations, which are planned for 2024.

4. The Balance Sheet and Breakdown of Income and Expenditure for 2021 are attached.

PLANS AND EXPECTATIONS

1. The Trust is planning for a return to normality in 2022, with events being able to be delivered in accordance with government guidelines. Funding will therefore be allocated based on this assumption.

2. The Trust investments have recovered throughout 2021 in line with market conditions. This has led to an improvement in Net Working Capital, though dividend income has still yet to recover to pre-COVID levels. The Trust can operate normally with the slightly reduced income using cash reserves which have built up over the last two years.

3. 2024 will be the 75[th] Anniversary of the formation of the Queen’s Gurkha Signal Regiment. Trustees intend to draw down on the Capital Growth investment fund in order to support suitable commemoration of this landmark event for both serving and retired members of the Regiment. Trustees are considering the options for this expenditure through 2022 and will make plans in 2023.

Charity Name

No (if any)

Receipts and payments accounts For the period 1-Jan-21 To from

1-Jan-21 31-Dec-21 To

Section A Receipts and payments

----- Start of picture text -----
Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Investment dividends 6,925 - - 6,925
Donations 22,368 - - 22,368
Cash in bank 22,700 - - 22,700
- - - -
- - - -
- - - -
- - - -
- - - -
51,993 - - 51,993
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 51,993 - - 51,993
A3 Payments
Investment 10,082 - - 10,082
Operating costs 9 - - 9
Donations to community events 16,570 - - 16,570
Recognition gift - - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 26,661 ] - - 26,661
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 26,661 - - 26,661
Net of receipts/(payments) 25,332 - - 25,332
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end 25,332 - - 25,332
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Section B Statement	of assets and liabilities	at the end of the period	at the end of the period	at the end of the period
		Unrestricted		Restricted
Categories	Details	funds		funds
B1 Cash funds	Cash in bank Total cash funds	to nearest £ 25,332 - - 25,332		to nearest £ - - - -
	(agree balances with receipts and payments account(s))	OK	OK
		Unrestricted		Restricted
		funds		funds
B2 Other monetary assets	Details	to nearest £ - - - - - -		to nearest £ - - - - - -
B3 Investment assets	Details Income fund Capital growth fund	M&G Charity Fund Blackrock AFCIF Fund to which asset belongs	Cost (optional) - - - - -
B4 Assets retained for the	Details	Fund to which asset belongs	Cost (optional) -
charity’s own use				- - - - - - - -
		Fund to which		Amount due
B5 Liabilities	Details	liability relates		- - - - - (optional)
Signed by one or two trustees on behalf of all the trustees	Signature	Print	Name
	S M Smith	SIMON	M SMITH

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CC16a
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Last year

to the nearest £

6,163 22,711 13,441 - - - - - 42,315

42,315

3,000 85 16,451 80 - - - - - 19,616

19,616 22,699 - - 22,699

Endowment funds to nearest £ - - - -

OK

Endowment funds to nearest £ - - - - - - Current value (optional) 147,241 63,087 - - -

Current value (optional)

When due (optional)

Date of approval 6/24/2022