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||||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|
##
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##
|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.||||
##
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##
||||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)|
##
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