||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|3| |Independent
Examiner's|Report|||| |Statement ofFinancial Activities||||| |Balance Sheet||||| |Notes to the Financial Statements||7|to|12| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||31.3.22|31.3.21| |---|---|---|---|---|---| |||||Unrestricted|Total| |||||fund|funds| ||||Notes||| |INCOME AND ENDOWMENTS||FROM|||| |Donations
and legacies||||80,220|70,409| |Investment
income||||36,643|35,816| |Other income||||15,398|41,441| |Total||||132,261|147,666| |EXPENDITURE ON|||||| |Raising funds||||12,292|10,733| |Charitable
activities|||||| |In support ofthe charity||||91,536|79,328| |Other||||5,932|5,846| |Total||||109,760|95,907| |Net gains on investments||||39,619|208,815| |NET INCOME||||62,120|260,574| |RECONCILIATION|OF FUNDS||||| |Total funds brought forward||||1,612,424|1,351,850| |TOTAL FUNDS CARRIED FORWARD||||1,674,544|1,612,424| ## |||Balance Sheet||| |---|---|---|---|---| |||31stMarch 2022||| ||||31.3.22|31.3.21| ||||Unrestricted|Total| ||||fund|funds| |||Notes||| |FIXED|ASSETS|||| |Investments||12|1,475,923|1,495,009| |CURRENT ASSETS||||| |Debtors||13|156,316|82,186| |Cash at|bank||46,205|38,880| ||||202,521|121,066| |CREDITORS||||| |Amounts|falling due within one year|14|(3,900)|(3,651)| |NET CURRENT ASSETS|||198,621|117,415| |TOTAL|ASSETSLESSCURRENT|||| |LIABILITIES|||1,674,544|1,612,424| |NET ASSETS|||1,674,544|1,612,424| |FUNDS||15||| |Unrestricted
funds|||1,674,544|1,612,424| |TOTAL|FUNDS||1,674,544|1,612,424| ## ## ## ## ## ## ## ## |DONATIONS||AND LEGACIES|AND LEGACIES||| |---|---|---|---|---|---| |||||31.3.22|31.3.21| |Subscriptions|and donations|||61,894|65,837| |Gift aid|||||(69)| |Legacies||||8,874|| |Grants||||9,452|4,641| |||||80,220|70,409| |Grants received,||included|in the above, are as follows:||| |||||31.3.22|31.3.21| |CBWilson Bequest||||9,452|3,641| |The Salters' Company|||||1,000| |||||9,452|4,641| ## ||No|No|No|tes to the Financial Statements -
for the Year Ended 31stMarch|continued
2022||| |---|---|---|---|---|---|---|---| |3.|INVESTMENT INCOME||||||| |||||||31.3.22|31.3.21| ||Dividends|receivable||||36,640|35,808| ||Deposit account interest|||||3|8| |||||||36,643|35,816| |4.|OTHER INCOME||||||| |||||||31.3.22|31.3.21| ||(Loss)/gain|on sale ofinvestments||||15,398|41,441| |5.|RAISING|FUNDS|||||| ||Investment|management|costs||||| |||||||31.3.22|31.3.21| ||Portfolio management|||||12,292|10,733| |6.|CHARITABLE ACTIVITIES|||COSTS|||| |||||||Cllant|| |||||||funding of|| ||||||Direct|activities|| ||||||Costs (see|(see note|| ||||||note 7)|8)|Totals| ||In support|ofthe charity|||10,184|81,352|91,536| |7.|DIRECT COSTS OF CHARITABLE ACTIVITIES||||||| |||||||31.3.22|31.3.21| ||Regimental|journal||||5,864|5,957| ||Regimental|Communications||||4,320|| |||||||10,184|5,957| |S.|GRANTS|PAYABLE|||||| |||||||31.3.22|31.3.21| ||In support ofthe charity|||||81,352|73,371| ||The total grants paid to institutions|||during the year was as follows:|||| |||||||31.3.22|31.3.21| ||Regimental|Association||||7,653|12,100| ||Serving Soldiers Welfare|||||44,883|26,896| ||Army Benevolent
Fund|||||5,000|5,000| ||Commander-in-Chief
Parade||||||11,878| |||||||57,536|55,874| ## ## |SUPPORT|COSTS||||| |---|---|---|---|---|---| |||||Governance|| ||||Management|costs|Totals| |Other resources expended|||4,972|960|5,932| |Support costs, included||in the above, are as follows:|||| |Management|||||| |||||31.3.22|31.3.21| |||||Other|| |||||resources|Total| |||||expended|activities| |Wages||||3,942|4,826| |Sundries||||450|| |Insurance||||580|| |||||4,972|4,826| |Governance|costs||||| |||||31.3.22|31.3.21| |||||Other|| |||||resources|Total| |||||expended|activities| |Accountancy|and legal|fees||960|1,020| ## ## ## ## |FIXEDASSETINVESTMENTS|| |---|---| ||Listed| ||investments| |MARKET VALUE|| |At 1st April 2021|1,495,009| |Purchases|218,129| |Disposals|(276,834)| |Revaluations|39,619| |At 31st March 2022|1,475,923| |NET BOOK VALUE|| |At 31stMarch 2022|1,475,923| |At 31stMarch 2021|1,495,009| ||The above investmen|ts
are stated as follows:||| |---|---|---|---|---| |||||31.03.22| ||Historic value|||1,193,429| ||Revaluation|||282,494| |||||1,475,923| |13.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||31.3.22|31.3.21| ||Investec Regimental|Trust Income Account|151,194|76,894| ||Days Pay||4,503|4,673| ||1ax||619|619| ||||156,316|82,186| ## ## ## |CREDI|TOR|S: AMOUNTS FA|LLING DUE WITHIN ONE|YEAR||| |---|---|---|---|---|---|---| ||||||31.3.22|31.3.21| |Accrued|expenses||||3,900|3,651| |MOVEMENT IN FUNDS||||||| ||||||Net|| ||||||movement|At| |||||At 1.4.21|in funds|31.3.22| |Unrestricted||funds||||| |General|fund|||1,612,424|62,120|1,674,544| |TOTAL|FUNDS|||1,612,424|62,120|1,674,544| |Net movement||in funds, included|in the above are as follows:|||| ||||Incoming|Resources|Gains and|Movement| ||||resources|expended|losses|in funds| |Unrestricted||funds||||| |General|fund||132,261|(109,760)|39,619|62,120| |TOTAL|FUNDS||132,261|(109,760)|39,619|62,120| |15.|Accrued expenses
MOVEMENT IN FUNDS| |---|---| |||||Net|| |---|---|---|---|---|---| |||||movement|At| ||||At 1.4.20|in funds|31.3.21| |Unrestricted||funds|||| |General|fund||1,351,850|260,574|1,612,424| |TOTAL|FUNDS||1,351,850|260,574|1,612,424| ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| |Unrestricted||funds||||| |General|fund||147,666|(95,907)|208,815|260,574| |TOTAL|FUNDS||147,666|(95,907)|208,815|260,574| ## ## ## |||||Net|| |---|---|---|---|---|---| |||||movement|At| ||||At 1.4.20|in funds|31.3.22| |Unrestricted||funds|||| |General|fund||1,351,850|322,694|1,674,544| |TOTAL|FUNDS||1,351,850|322,694|1,674,544| ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|ln luntls| |Unrestricted||funds||||| |General|fund||279,927|(205,667)|248,434|322,694| |TOTAL|FUNDS||279,927|(205,667)|248,434|322,694| ## ##