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2023-03-31-accounts
|
|
|
for t |
he Year Ended 31stMarch |
2023 |
|
|
|
|
|
|
31.3.23 |
31.3.22 |
|
|
|
|
|
Unrestricted |
Total |
|
|
|
|
|
fund |
funds |
|
|
|
|
Notes |
|
|
| INCOME |
AND ENDOWMENTS |
|
FROM |
|
|
|
| Donations |
and legacies |
|
|
|
122,588 |
80,220 |
| Investment |
income |
|
|
|
34,727 |
36,643 |
| Other income |
|
|
|
|
(28,506) |
15,398 |
| Total |
|
|
|
|
128,809 |
132,261 |
| EXPENDITURE ON |
|
|
|
|
|
|
| Raising funds |
|
|
|
|
11,242 |
12,292 |
| Charitable |
activities |
|
|
|
|
|
| In support |
ofthe charity |
|
|
|
112,692 |
91,536 |
| Other |
|
|
|
|
10,993 |
5,932 |
| Total |
|
|
|
|
134,927 |
109,760 |
Net gains/(losses)
on investments |
|
|
|
|
(96,516) |
39,619 |
| NET INCOME/(EXPENDITURE) |
|
|
|
|
(102,634) |
62,120 |
| RECONCILIATION |
|
OF FUNDS |
|
|
|
|
| Total funds |
brought
forward |
|
|
|
1,674,544 |
1,612,424 |
| TOTAL FUNDS CARRIED FORWARD |
|
|
|
|
1,571,910 |
1,674,544 |
|
Balance Sheet |
|
|
|
31stMarch 2023 |
|
|
|
|
31,3.23 |
31.3.22 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
|
|
| FIXEDASSETS |
|
|
|
| Investments |
12 |
1,471,786 |
1,475,923 |
| CURRENT ASSETS |
|
|
|
| Debtors |
13 |
45,378 |
156,316 |
| Cash at bank |
|
58,556 |
46,205 |
|
|
103,934 |
202,521 |
| CREDITORS |
|
|
|
Amounts
falling due within one year |
14 |
(3,810) |
(3,900) |
| NET CURRENT ASSETS |
|
100,124 |
198,621 |
| TOTAL ASSETSLESSCURRENT |
|
|
|
| LIABILITIES |
|
1,571,910 |
1,674,544 |
| NET ASSETS |
|
1,571,910 |
1,674,544 |
| FUNDS |
15 |
|
|
Unrestricted
funds |
|
1,571,910 |
1,674,544 |
| TOTAL FUNDS |
|
1,571,910 |
1,674,544 |
| DONATIONS |
AND LEGACIES |
|
|
|
|
31.3.23 |
31.3.22 |
| Subscriptions |
and donations |
87,804 |
61,894 |
| Legacies |
|
|
8,874 |
| Grants |
|
34,784 |
9,452 |
|
|
122,588 |
80,220 |
|
|
|
|
|
31.3.23 |
31.3.22 |
|
CBWilson Bequest |
|
|
|
7,534 |
9,452 |
|
The Salters' Company |
|
|
|
1,000 |
|
|
Armed Forces Covenant |
|
Fund Trust |
|
26,250 |
|
|
|
|
|
|
34,784 |
9,452 |
| 3. |
INVESTMENT INCOME |
|
|
|
|
|
|
|
|
|
|
31.3.23 |
31.3.22 |
|
Dividends |
receivable |
|
|
33,759 |
36,640 |
|
Deposit account intet est |
|
|
|
968 |
3 |
|
|
|
|
|
34,727 |
36,643 |
| 4. |
OTHER INCOME |
|
|
|
|
|
|
|
|
|
|
31.3.23 |
31.3.22 |
|
(Loss)/gain |
on sale ofinvestments |
|
|
(28,506) |
15,398 |
| 5. |
RAISING |
FUNDS |
|
|
|
|
|
Investment |
management |
costs |
|
|
|
|
|
|
|
|
31,3.23 |
31.3.22 |
|
Portfolio management |
|
|
|
11,242 |
12,292 |
| 6. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
|
|
|
|
Grant |
|
|
|
|
|
|
funding of |
|
|
|
|
|
Direct |
activities |
|
|
|
|
|
Costs (see |
(see note |
|
|
|
|
|
note 7) |
8) |
Totals |
|
In support |
ofthe charity |
|
34,930 |
77,762 |
112,692 |
|
|
|
|
|
|
|
|
|
31.3.23 |
31.3.22 |
|
Regimental |
journal |
|
|
|
|
|
|
5,854 |
5,864 |
|
Regimental |
|
Communications |
|
|
|
|
|
29,076 |
4,320 |
|
|
|
|
|
|
|
|
|
34,930 |
10,184 |
| 8. |
GRANTS |
PAYABLE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31.3.23 |
3].3.22 |
|
In support |
ofthe charity |
|
|
|
|
|
|
77,762 |
81,352 |
|
The total grants |
|
|
paid to |
|
institutions |
during the year was as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
31.3,23 |
31.3.22 |
|
Regimental |
|
Association |
|
|
|
|
|
9,050 |
7,653 |
|
Serving Soldiers Welfare |
|
|
|
|
|
|
|
26,400 |
44,883 |
|
Army Benevolent |
|
|
|
I"und |
|
|
|
5,000 |
5,000 |
|
Royal Hospital |
|
|
Chelsea |
|
|
|
|
1,000 |
|
|
|
|
|
|
|
|
|
|
41,450 |
57,536 |
| 9. |
SUPPORT |
|
COSTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Governance |
|
|
|
|
|
|
|
|
|
Management |
costs |
Totals |
|
Other resources |
|
|
expended |
|
|
|
9,943 |
1,050 |
10,993 |
|
Support costs, included |
|
|
|
|
in the above, are as follows: |
|
|
|
|
|
Management |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31.3.23 |
31.3.22 |
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
|
resources |
Total |
|
|
|
|
|
|
|
|
|
expended |
activities |
|
|
|
|
|
|
|
|
|
f. |
|
|
Wages |
|
|
|
|
|
|
|
3,958 |
3,942 |
|
Sundries |
|
|
|
|
|
|
|
555 |
450 |
|
Insurance |
|
|
|
|
|
|
|
5,430 |
580 |
|
|
|
|
|
|
|
|
|
9,943 |
4,972 |
| 31.3.23 |
31.3.22 |
| Other |
|
| resources |
Total |
| expended |
activities |
| 1,050 |
960 |
| The average |
monthly
num |
ber ofem |
ployees
during the year was as follow |
s: |
|
|
|
|
|
31.3.23 |
31.3.22 |
| Management |
and support |
|
|
1 |
1 |
| No employees |
received emoluments |
|
in excess off60,000. |
|
|
| FIXEDASSETINVESTMENTS |
|
|
|
|
|
|
|
|
|
|
Listed |
|
|
|
|
|
investments |
| MARKET VALUE |
|
|
|
|
|
| At 1st April 2022 |
|
|
|
|
1,475,923 |
| Purchases |
|
|
|
|
467,117 |
| Disposals |
|
|
|
|
(374,738) |
| Revaluations |
|
|
|
|
(96,516) |
| At 31st March |
2023 |
|
|
|
1,471,786 |
| NET BOOK |
VALUE |
|
|
|
|
| At 31st March |
2023 |
|
|
|
1,471,786 |
| At 31stMarch |
2022 |
|
|
|
1,475,923 |
| There were no investment |
|
assets outside the UK. |
|
|
|
|
|
|
Listed |
|
|
|
investments |
| Valuation |
in |
2023 |
130,344 |
| Cost |
|
|
1,341,442 |
|
|
|
1,471,786 |
| 13. |
DEBTO |
RS: |
AMO |
UNT |
S FALLI |
NG DUE WITHIN ONE Y |
EAR |
|
|
|
|
|
|
|
|
|
|
31.3.23 |
3].3.22 |
|
Investec |
Regimental |
|
Trust Income |
|
Account |
|
18,021 |
151,194 |
|
Investec |
Accumulation |
|
|
ofIncome |
Account |
|
21,065 |
|
|
Days Pay |
|
|
|
|
|
|
4,673 |
4,503 |
|
Tax |
|
|
|
|
|
|
619 |
619 |
|
Prepayments |
|
and accrued income |
|
|
|
|
1,000 |
|
|
|
|
|
|
|
|
|
45,378 |
156,316 |
| 14. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE |
|
|
|
|
|
YEAR |
|
|
|
|
|
|
|
|
|
|
31.3.23 |
31.3.22 |
|
Accrued |
expenses |
|
|
|
|
|
3,810 |
3,900 |
| ]5. |
MOVEMENT IN |
|
|
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
|
|
|
|
movement |
At |
|
|
|
|
|
|
|
At 1.4.22 |
in funds |
31.3.23 |
|
Unrestricted |
|
funds |
|
|
|
|
|
|
|
General |
fund |
|
|
|
|
1,674,544 |
(102,634) |
1,571,910 |
|
TOTAL |
FUNDS |
|
|
|
|
1,674,544 |
(102,634) |
1,571,910 |
|
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 |
|
|
|
128,809 |
(134,927) |
(96,516) |
(102,634) |
|
TOTAL |
FUNDS |
|
|
|
128,809 |
(134,927) |
(96,516) |
(102,634) |
|
|
|
|
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 |
|
|
|
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 |
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
|
|
At 1.4.21 |
in funds |
31.3.23 |
| Unrestricted |
|
funds |
|
|
|
| General |
fund |
|
1,612,424 |
(40,514) |
1,571,910 |
| TOTAL |
FUNDS |
|
1,612,424 |
(40,514) |
1,571,910 |
|
|
|
Incoming |
Resources |
Gains and |
Movement |
|
|
|
resources |
expended |
losses |
in funds |
| Unrestricted |
|
funds |
|
|
|
|
| General |
fund |
|
261,070 |
(244,687) |
(56,897) |
(40,514) |
| TOTAL |
FUNDS |
|
261,070 |
(244,687) |
(56,897) |
(40,514) |