2022-12-31-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 activities of the Regiment and the Association. The reduction in Covid measures has allowed community events to be conducted more readily throughout 2022 and the Trust has therefore returned to a normal level of financial support.

2. The Regiment conducted a number of community social events, which remain very important in maintaining community connections. These events involve serving personnel and their families and are an important part of building and maintaining morale and support within the serving Gurkha community. The overall size of the Regiment is increasing and it is anticipated that the size (and cost) of the community events will therefore also increase.

3. The events planned by the Association in 2022 were intended to return a level of normality, however the event planned to be conducted in UK was cancelled at short notice due to the funeral of Queen Elizabeth II. The Trust made a donation to the running of the event and a large proportion of the donation was used to cover the deposits for the venue and catering. These deposits were unfortunately lost due to the late cancellation. Association events were held as planned in Nepal and Hong Kong.

4. The Balance Sheet and Breakdown of Income and Expenditure for 2022 are attached.

PLANS AND EXPECTATIONS

1. The Trust is planning to support the normal events for both the Regiment and Association in 2023. Trustees approved a short term investment of £16,000 to reduce the cash held in bank, achieve a better interest rate than offered by the bank account and continue to build a nest egg which will be used to support enhanced community events to celebrate the 75[th] anniversary of the formation of the Queen’s Gurkha Signal Regiment in 2024. A small reduction in income is forecast in 2023 and Trustees will therefore carefully consider requests for support to ensure that income and expenditure are matched.

2. The Trust investments continue to perform in line with market conditions throughout 2022.

Charity Name

No (if any)

Receipts and payments accounts For the period 1-Jan-22 To from

31-Dec-22

Section A Receipts and payments

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Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Investment dividends 7,876 - - 6,925
Donations 28,749 - - 28,749
Cash in bank 25,331 - - 25,331
Gift Aid 664 - - 664
- - - -
- - - -
- - - -
- - - -
62,620 - - Cross Add Error
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 62,620 - - #VALUE!
A3 Payments
Investment 2,265 - - 10,082
Operating costs 208 - - 9
Donations to community events 36,168 - - 16,570
Recognition gift - - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 38,641 ] - - Cross Add Error
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 38,641 - - #VALUE!
Net of receipts/(payments) 23,979 - - #VALUE!
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end 23,979 - - #VALUE!
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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 £ 23,979 - - 23,979		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 £

6,924 21,824 22,699 544 - - - - 51,991

51,991

2,082 85 16,570 80 - - - - - 18,817

18,817 33,174 - - 33,174

Endowment funds to nearest £ - - - -

OK

Endowment funds to nearest £ - - - - - - Current value (optional) 141,401 56,239 - - -

Current value (optional)

When due (optional)

Date of approval 5/30/2023