Trustees approved the following report at the Trustees meeting on 14 April 2026.
TRUST AIMS
- The aims of the Trust are captured within the Trust Deed dated 26 April 2008, and amended in 2022. The Trust operates as a small charity with the following aims:
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
-
The principal intent of the Trust remained unchanged from previous years – to support the community activities of members of the public associated with the Queen’s Gurkha Signals through either service or relation to someone who has served. 2025 saw a return to normal levels of community activity, and the Trust provided grants to community events in Bramcote, London, Stafford, Brunei and Nepal. These events were attended by over a 1000 people in total and remain very important in maintaining community connections to the Gurkha community.
-
For example, an Association community event in Stafford gathered over 22 retired personnel, their families and serving personnel. The event combined cultural events and a meal and allowed the Association to check in on older members of the community and see whether they needed any support.
-
The Trust also provided grants which were gifted as Restricted Funds by another Gurkha charity. These grants support the conduct of events focussed on service personnel and their families and the purchase of traditional Gurkha heritage items, which form a strong part of the esprit de corps of the Regiment. For example, the Trustees will make a donation to create a ceremonial piece of silver to commemorate the creation of a new Gurkha Signal Squadron. This silver piece reflects the cultural heritage of the Gurkhas and will take pride of place at community events.
-
The Balance Sheet and Breakdown of Income and Expenditure for 2025 are attached.
PLANS AND EXPECTATIONS
- Trustees continue to manage the Fund to maintain current levels of grant making and maintain pace with inflation. Periodic withdrawals from investments allow additional funding to be made available for specific requests – for example to support enhanced community events in 2024. Trustees plan to make similar grants for specific requests in the future and the Reserves Policy is being actively managed to enable this intention.
GOVERNANCE
- Trustees maintain policies in line with Charity Commission guidance, and the Chairman has recently reviewed the Safeguarding and Risk Management Policy. Trustees regularly review Risks to ensure that the Trust is managed appropriately. The top five Risks are described below. Mitigation plans and actions are maintained for all Risks and reviewed at Trustee meetings.
QG Signals Trust Fund - 2025
| RECEIPTS | RECEIPTS | RECEIPTS | |||||||
|---|---|---|---|---|---|---|---|---|---|
| DATE | NAME | VOU NO |
INVOICE NO/ CHEQUE NO |
CASH | BANK | Dividend | |||
| Task | GA ID | ||||||||
| £ - | £ 5,376.25 | ||||||||
| 2-Jan-25 2-Jan-25 4-Jan-25 17-Feb-25 6-Mar-25 |
watts verdon cole Edwards Q1 Dividend |
1 2 3 4 5 |
£ 180.00 £ 120.00 £ 120.00 £ 25.00 £ 1,354.47 |
Q1 | |||||
| 10-Apr-25 22-Apr-25 |
30 Sig regt Fundraising |
6 7 |
£ 3,380.00 £ 1,300.00 |
||||||
| 6-May-25 9-May-25 4-Jun-25 25-Jul-25 |
BEWF Part 1 Gift Aid Q2 dividend S Dailey |
8 9 10 11 |
£ 9,604.86 £ 551.25 £ 2,355.49 £ 25.00 |
Q2 | |||||
| 13-Aug-25 | Walker Crips | 12 | £ 75.00 | ||||||
| 13-Aug-25 | Jones | 13 | £ 25.00 | ||||||
| 9-Sep-25 | Q3 dividend | 14 | £ 2,200.94 | Q3 | |||||
| 22-Sep-25 20-Oct-25 31-Oct-25 19-Nov-25 17-Dec-25 18-Dec-25 |
HQBG Bhela Refund 30 Sig Regt michael white bewf part 2 Drysdale Q4 dividend |
15 16 17 18 19 20 39 40 41 42 43 44 45 46 47 |
£ 250.00 £ 1,500.00 £ 20.00 £ 9,575.82 £ 25.00 £ 3,228.04 |
Q4 |
| 48 49 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| TOTALS | £ - | £ 41,292.12 | |||||||
| Cash Balance | £ - | £ 41,292.12 | |||||||
| Bank Balance | £ 4,783.97 | £ 4,783.97 | |||||||
| Total Cash | £ 4,783.97 | ||||||||
| Donation | Donation | Gift Aid | Gift Aid | Regt | Regt | BEWF | BEWF | |
|---|---|---|---|---|---|---|---|---|
| Amount | Task | Amount | Task | Amount | Task | Amount | Task | Amount |
| £ 1,354.47 £ 2,355.49 £ 75.00 £ 2,200.94 £ 3,228.04 |
BST 247 GSS |
£ 180.00 £ 120.00 £ 120.00 £ 1,300.00 £ 1,500.00 |
2024 | £ 551.25 | Cutting | 3,380.00 | BEWF Refund BEWF |
£ 9,604.86 £ 250.00 £ 9,575.82 |
£ 9,213.94 £ 3,220.00 £ 551.25 £ 3,380.00 £ 19,430.68
| QGSA | QGSA | QGSA | R&C | R&C | DEBTORS | DEBTORS | CREDITORS | CREDITORS |
|---|---|---|---|---|---|---|---|---|
| Task | GA ID | Amount | Task | Amount | Task | Amount | Task | Amount |
| Edwards | £ 25.00 | |||||||
| Daley | £ 25.00 | |||||||
| Jones White |
£ 25.00 £ 20.00 |
|||||||
| Drysdale | £ 25.00 | |||||||
£ 120.00 £ - £ - £ -
| PAYMENTS | PAYMENTS | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| DATE | NAME | VOU | INVOICE NO | CHEQUE No | CASH | BANK | Inves | ||||
| No | Task | ||||||||||
| 18-Feb-25 | Complin | £ 168.15 | |||||||||
| 14-Jul-25 14-Jul-25 |
Attestation BST |
£ 1,500.00 £ 600.00 |
|||||||||
| 14-Jul-25 14-Jul-25 14-Jul-25 14-Jul-25 |
Birthday Nepal Cup Trailwalker GM Paintings |
£ 5,000.00 £ 1,500.00 £ 1,500.00 £ 2,000.00 |
|||||||||
| 15-Jul-25 15-Jul-25 15-Jul-25 |
QGSA Nepal NST QGSA South |
£ 2,300.00 £ 600.00 £ 6,500.00 |
|||||||||
| 15-Jul-25 18-Jul-25 18-Jul-25 24-Nov-25 24-Nov-25 24-Nov-25 24-Nov-25 24-Nov-25 29-Dec-25 |
GBA Trust QGSA West Pokhara Museum dashain Newsletter Heritage NMA Parking W&C Fees Investment |
£ 405.00 £ 710.00 £ 200.00 £ 7,000.00 £ 600.00 £ 1,000.00 £ 30.00 £ 15.00 £ 4,880.00 |
Fees Investment |
||||||||
| Vertical | £ - | £ 36,508.15 | |||||||||
| Horizontal | 36,508.15 |
| stment | Travel | Travel | Office | Office | Regt | Regt | Gran | ||
|---|---|---|---|---|---|---|---|---|---|
| Amount | Task | Amount | Task | Amount | Task | Amount | Task | ||
| £ 15.00 £ 4,880.00 |
£ 168.15 | £ 1,500.00 £ 600.00 £ 5,000.00 £ 1,500.00 £ 1,500.00 £ 2,000.00 £ 600.00 £ 7,000.00 £ 600.00 £ 1,000.00 |
|||||||
| £ 4,895.00 | £ - | £ 168.15 | £ 21,300.00 |
| ts | QGSA | QGSA | R&C | R&C | DEBTORS | DEBTORS | CREDITORS | CREDITORS |
|---|---|---|---|---|---|---|---|---|
| Amount | Task | Amount | Task | Amount | Task | Amount | Task | Amount |
| £ 2,300.00 | ||||||||
| £ 6,500.00 | ||||||||
| £ 200.00 | £ 405.00 £ 710.00 £ 30.00 |
|||||||
| £ 200.00 | £ 9,945.00 | £ - | £ - | £ - |
SHARE VALUATIONS
| Investment Valuation | Investment Valuation | Investment Valuation | Investment Valuation |
|---|---|---|---|
| Share | Value | */- | |
| M&G 2024 | £ 146,564.00 | ||
| M&G 2025 | £ 173,852.08 | £ 27,288.08 | |
| AF 2024 | £ 48,696.76 | ||
| AF 2025 | £ 55,017.46 | £ 6,320.70 | |
| Total | £ 33,608.78 |
DIVIDENDS
TAKEN AS INCOME
| Walker Cripps | Walker Cripps | Walker Cripps |
|---|---|---|
| Item | Amount 2024 | Amount 2025 |
| Dividend Dividend |
£ 1,306.98 £ 2,381.58 |
£ 1,354.47 £ 2,355.49 |
| Dividend Dividend |
£ 1,990.30 £ 3,066.31 |
£ 2,275.94 £ 3,228.04 |
| Total | £ 8,745.17 | £ 9,213.94 |
REINVESTED
| Blackrock | Blackrock | Blackrock |
|---|---|---|
| Item | Amount 2024 | Amount 2025 |
| Dividend | £ 582.89 | £ 377.34 |
| Dividend Dividend Dividend |
£ 347.34 £ 391.79 £ 369.26 |
£ 357.30 £ 403.47 £ 374.76 |
| Total | £ 1,691.28 | £ 1,512.87 |
| Balance Sheet QG | Balance Sheet QG | Balance Sheet QG |
|---|---|---|
| Previous Period Figures | ||
| Totals | Sub-Totals | Totals |
| £ - | ||
| £ 5,376.25 | ||
| £ 5,376.25 | ||
| £ - | ||
| Le | ||
| P | ||
| £ 5,376.25 | T | |
| £ 5,376.25 | T | |
| £ - | ||
| £ - | ||
| £ - | ||
| £5,376.25 | Net WorkingCapi | |
| I | ||
| £ 146,564.00 | ||
| £ 48,696.76 | Armed Forc | |
| £ - | ||
| £ 195,260.76 | ||
| GEN | ||
| £ 220,557.53 | Balance |
|
| -£ 19,920.52 | Ad | |
| Subt | ||
| £ 200,637.01 | Accumulat | |
| being Net Workin |
Date: 14 Jan 23
Date:
| Signals Trust Fund as at 31 Dec 2025 | Signals Trust Fund as at 31 Dec 2025 | Signals Trust Fund as at 31 Dec 2025 | BREAKDOWN OF INCOM | BREAKDOWN OF INCOM | BREAKDOWN OF INCOM | |||
|---|---|---|---|---|---|---|---|---|
| Current Period Figures | INCOME/EXPENDITURE 202 | |||||||
| Totals | Sub-Totals | Totals | Item | Income | ||||
| ASSETS | General | |||||||
| Dividends | £ 8,745.17 | |||||||
| Donations | £ 1,620.00 | |||||||
| Cash in Hand | £ - | BEWF Grant | £ 16,842.45 | |||||
| Cash in Bank | £ 4,783.97 | Gift Aid | £ 685.00 | |||||
| R&C | Investment Return | £ 16,440.96 | ||||||
| Total Cash | £ 4,783.97 | Share Purchase | ||||||
| Deposit Accounts | 75th Birthday Investment | |||||||
| AFCIF Withdrawal | £ 14,000.00 | |||||||
| ss SundryCreditors | ||||||||
| lus SundryDebtors | £ - | Totals | £ 58,333.58 | |||||
| Total Liquid Assest | £ 4,783.97 | QGSA | ||||||
| otal Current Assets | £ 4,783.97 | Memberships | £ 320.00 | |||||
| LIABILITES | GBA Mship | |||||||
| £ - | QGSA (Nep) 75th | |||||||
| £ - | Pokhara Museum | |||||||
| Total Liabilities | £ - | QGSA (UK-S) | ||||||
| QGSA (HK) 75th | ||||||||
| ital(Current Assets minus Liabilities | £ 4,783.97 | Sec Discretionary | ||||||
| FIXED ASSETS | ||||||||
| nvestments at Cost | ||||||||
| M&G Chari Fund | £ 173,852.08 | |||||||
| es Common Investment Fund | £ 55,017.46 | Totals | £ 320.00 | |||||
| Lloyds Bond | ||||||||
| **Regt ** | ||||||||
| Market Value | Donation | £ 1,500.00 | ||||||
| Capital Property | £ - | BST 75th Grant | ||||||
| Total Fixed Assets | £ 228,869.54 | NST 75th Grant | ||||||
| NERAL PURPOSES FUND | Dasain | |||||||
| asper Last Balance Sheet | £ 200,637.01 | Regtl B'day | ||||||
| dd Excess of Income | £ 33,016.50 | Nepal Cup | ||||||
| ract Excess of Income | £ - | Attestation Pde | ||||||
| ted General Purposes | Fund | £ 233,653.51 | Regt Newsletter | |||||
| ng Capital and Total Fixed Assets | TW team | |||||||
| Heritage improvements | ||||||||
| Birthday Coins | ||||||||
| Birthday Painting | ||||||||
| Signature | of Fund Manager | |||||||
| Totals | £ 1,500.00 | |||||||
| Signature of Internal Auditor: | ||||||||
| Travel | £ - | |||||||
| Office | ||||||||
| Grand Totals | £ 60,153.58 |
|---|---|
| Balance Income over Expenditure |
| E AND EXPENDITURE FOR THE PERIOD 1 JAN 2025 - 31DEC 2025 | E AND EXPENDITURE FOR THE PERIOD 1 JAN 2025 - 31DEC 2025 | E AND EXPENDITURE FOR THE PERIOD 1 JAN 2025 - 31DEC 2025 | E AND EXPENDITURE FOR THE PERIOD 1 JAN 2025 - 31DEC 2025 |
|---|---|---|---|
| 24 | INCOME/EXPENDITURE 2025 | ||
| Expenditure | Item | Income | Expenditure |
| General | |||
| £ - £ - |
Dividends Donations BEWF Grant Gift Aid Share Purchase Investment Fees |
£ 9,213.94 £ 3,220.00 £ 19,180.68 £ 551.25 |
£ 4,880.00 £ 15.00 £ - |
| £ - | Totals | £ 32,165.87 | £ 4,895.00 |
| QGSA | |||
| £ 405.00 £ 12,700.00 £ - £ - £ 350.00 £ 45.00 £ - £ - £ - |
Memberships GBA Mship QGSA (Nep) Pokhara Museum QGSA (UK-S) QGSA (HK) QGSA (UK-W) Sec Discretionary \JPX Birthday GBA NMA Attend |
£ 120.00 £ 250.00 |
£ 405.00 £ 2,300.00 £ 200.00 £ 6,500.00 £ - £ 710.00 £ - £ - £ 30.00 |
| £ 13,500.00 | Totals | £ 370.00 | £ 10,145.00 |
| **Regt ** | |||
| £ - £ 1,000.00 £ 1,000.00 £ 6,500.00 £ 17,100.00 £ 1,500.00 £ 1,500.00 £ 500.00 £ 1,500.00 £ 1,000.00 £ 12,996.00 £ 2,500.00 £ - £ - |
Donation BST NST Dasain Regtl B'day Nepal Cup Attestation Pde Regt Newsletter TW team Heritage improvements GM Painting 242 Centre Piece |
£ 3,380.00 | £ 600.00 £ 600.00 £ 7,000.00 £ 5,000.00 £ 1,500.00 £ 1,500.00 £ 600.00 £ 1,500.00 £ 1,000.00 £ 2,000.00 £ - |
| £ 47,096.00 | Totals | £ 3,380.00 | £ 21,300.00 |
| £ - | £ - | £ - | |
| £ 15.30 | Office | £ 168.15 | |
| £ 60,611.30 | Grand Totals | £ 35,915.87 | £ 36,508.15 |
|---|---|---|---|
| -£ 457.72 | Balance Income over Expenditure | -£ 592.28 | |
| Initial Bank Balance £ 5,376.25 Final Balance 4,783.97 |
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DEC 2025 Report I wish to report on the accounts of the Queen's Gurkha Signals Trust for the year ended 31 December 2025 as set out on the attached documents. Responsibilities of the Trustees and the Examiner As explained more fully in the Trust Charter. the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the Trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. The Treasurer, on behalf of the Trustees, is responsible for overseeing the preparation of the financial statements. I have been appointed as auditor under section 145 of the Charities Ad 2011 and report In accordance with the Act and relevant regulations made or having effect thereunder. Independent Examlnerfs Report My examination was carried out in accordance with Intemational Standards on Auditlng (UK) (ISAS (UK)) and applicable law. l am independent of the Queen's Gurkha Signals Trust Fund in accordance with the ethical requirements that are relevant to an audit of the financial statements in the UK, including the FRC'S Ethical Stsndard. and I have fulfilled my ethic81 responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Independent Examlners Opln5on The following comments are offered to the Treasurer and Trustees: In respect of my examination. the financial statements provided: give a true and fair view of the state of the Queen's Gurkha Signals Trust Fund affairs as at 31 Dec 25 and of its incoming resources and application of resources for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordan wtth the Charities Act 2011.
This report is made solely to the Queen's Gurkha Signals Trust Fund Trustees, as a body, in accordance with Part 4 of the Charsties (Accounts and Reports) Regulations 2008. The audit has been undertaken so that I may state to the Trustees those matters l am required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibilty to anyone other than the Charity and the Charity's Trustees as a body, for my audit work. for Ihis report. or for the opinions that I have fomied. Signed: Date: 20 Apr 2026 Capt Sumit Joshi Regimental Admin Officer 30 Signal Regiment Gamecock Barracks Bramcote Nuneaton Warwickshire CV116QN