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|The Charity|||
|---|---|---|
|The Charity was formed
in 1992on the formation
ofthe Regiment||from forebear regiment charities'. The Charity's|
|effiaency ofthe Regiment.
All grants were made
in line wit
objectives are Benevolence and Welfare for our serving personnel,
'h||veterans,
and dependents
and to promote the|
|these objectives.||Case Study 1(notefor all cases thatinitial
interaction|
|||is carried out by SSAFA)|
|Income during the year was similar to 2021at 6366k.
A
small surplus off5k was realised after expenditure.||Status: Veteran|
|Investment
losses (unrealised)
over the near were almost||Background:
This veteron suffered severe burns|
|f700k which is a reflection on the markets post COVID and||becouse ofan occupational
explosion. As the main|
|economic situation after the invasion of Ukraine. This loss has||provider forthe family finances had taken a hit and|
|recovered
by cf500k in the first quarter of2023.||the fomily were struggling
with day-to-day
living.|
|The trustees are mindful that the use of charitable
funds||The veteran's
condition required agreat deal oftravel|
|should
have an element ofbenefit to the public and the||toattend medical appointments
to address
his injuries|
|remainder
ofthis report lays out the Charity's
position
in this||and an updated
diognosis put extra demands
on this|
|respect.|family.||
|Equality &Diversity Statement|A request was made foro contribution
towords||
|The Regiment conforms to the Army's Values and Standards'||general needs, an OTreport and a specialist bed.|
|and trustees are required to adopt these standards
which are|||
|akin to the Nolan
Principles4. The Regimental
Family consists||Grant f1000|
|of diverse ages (from children to aged veterans), sexes, sexual
orientation,
nationalitiess,
ethnicity
and religious||Referral to military charities: ABFf1000ond TRBL|
|backgrounds;
all ofwhom are supported
with proper regard|f300||
|to any protected charactedistics.
The trustees aspire for|||
|greater diversity
on the Management
Board and in 2022 the trustees agreed to amend the Trust Deed to allow any|||
|person with the necessary
skills to become a trustee rather than|an officer who had served
in the regiment
(however,||
|Kings Regulations
in dealing with the Days Pay'
scheme specify that the Chair ofthe charity must be a serving or|||
|retired officer).|||
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||||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|---|---|
|||||||Endowment|Total|Total|
||||Notes|Designated
f|Unrestricted
f|funds
f|funds
f|funds
f|
|INCOME AND ENDOWMENTS|||||||||
|FROM|||||||||
|Donations
and legacies|||3|40,151|183,985||224,136|279,684|
|Charitable
activities|||||||||
|Hardship
or distress||relief for|||||||
|former and serving|members|||235|12,228||12,463|7,490|
|Investment
income|||4|73,646|53,315|~2434|129,395|148,740|
|Total||||114,032|249,528|2,434|365,994|435,914|
|EXPENDITURE ON|||||||||
|Raising funds||||13,890|32,117|59|46,066|80,507|
|Charitable
activities|||||||||
|Hardship
or distress||relief for|||||||
|former and serving|members|||115,395|199,613||315,008|220,408|
|Total||||129,285|231,730|59|361,074|300,915|
|Net gains/(losses)
on|||||||||
|investments||||(634,880)|(41,367)|(19,803)|(696,050)|546,565|
|NET INCOME/(EXPENDITURE)||||(650,133)|(23,570)|(17,428)|(691,131)|681,564|
|Transfers between|funds||14|30,971|(30,971)||||
|Other recognised
gains/(losses)|||||||||
|Gains on revaluation||offixed|||||||
|assets||||||||187,184|
|Net movement
in funds||||(619,162)|(54,541)|(17,428)|(691,131)|868,748|
|RECONCILIATION
OF||FUNDS|||||||
|Total funds brought|forward|||3,892,008|3,037,338|128,846|7,058,192|6,189,444|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||3,272,846|2,982,797|111,418|6,367,061|7,058,192|
##
|||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|---|
||||||Endowment|Tota I|Total|
|||Notes|Designated
f|Unrestricted
f|funds
f|funds
f|funds
E|
|FIXEDASSETS||||||||
|Tangible assets||7||562,222||562,222|400,991|
|Heritage assets||8||99,894||99,894|99,894|
|Investments||9|3,257,128|2,318,933|109,043|5,685,104|6,381,450|
||||3,257,128|2,981,049|109,043|6,347,220|6,882,335|
|CURRENT ASSETS||||||||
|Stocks||10||12,618||12,618|12,718|
|Debtors||11||11,354||11,354|30,407|
|Investments||12||3,206||3,206|18,909|
|Cash in hand|||15,718|99,013|2,375|117,106|346.824|
||||15,718|126,191|2,375|144,284|408,858|
|CREDITORS||||||||
|Amounts
falling due within one||||||||
|year||13||(124,442)||(124,442)|(233,001)|
|NET CURRENT ASSETS|||15,718|1,749|2,375|19,842|175,857|
|TOTAL ASSETS LESSCURRENT||||||||
|LIABILITIES|||3,272,846|2,982,797|111,418|6,367,061|7,058,192|
|NET ASSETS|||3,272,846|2,982,797|111,418|6,367,061|7,058,192|
|FUNDS||14||||||
|Unrestricted|funds|||||6,225,643|6,929,346|
|Endowment|funds|||||111,418|128,846|
|TOTAL FUNDS||||||6,367.061|7.066.162|
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|4.|INVESTMENT INCOME||||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||||E|E|
||Other fixed asset invest|—Fll|128,545|148,421|
||Deposit account interest||850|319|
||||129,395|148,740|
|5.|GRANTS PAYABLE||||
||||31.12.22|31.12.21|
||||E|6|
||Hardship or distress relief for former and serving members||87,778|72,679|
##
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|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
|||Improvements|Fixtures|||
||Freehold|to|and|Computer||
||property|property|fittings|equipment|Totals|
||f|E|E|f|E|
|COST||||||
|At 1January 2022|400,000||800|11,505|412,305|
|Additions||164,615||1,108|165,723|
|At 31December 2022|400,000|164,615|800|12,613|578,028|
|DEPRECIATION||||||
|At 1January 2022|||267|11,047|11,314|
|Charge foryear||3,292|53|1,147|4,492|
|At 31December 2022||32,923|320|12,194|15,806|
|NET BOOK VALUE||||||
|At 31December 2022|400,000|161,323|480|419|562,222|
|At 31December 2021|400,000||533|458|400,991|
|HERITAGE ASSETS||
|---|---|
||Tota I|
||E|
|MARKET VALUE||
|At 1January 2022 and 31December 2022|99,894|
|NET BOOKVALUE||
|At 31December 2022|99,894|
|At 31December 2021|99,894|
##
|FIXEDASSET INVESTMENT|S|||
|---|---|---|---|
||||Listed|
||||investments|
||||E|
|MARKET VALUE||||
|At 1January 2022|||6,381,450|
|Revaluations|||(696,346)|
|At 31December 2022|||5,685,104|
|NET BOOKVALUE||||
|At 31December 2022|||5,685,104|
|At 31December 2021|||6,381,450|
|There were no investment|assets outside the UK.|||
|Cost or valuation
at 31December 2022 is represented||by:||
||||Listed|
||||investments|
||||E|
|Valuation
in 2022|||5,685,104|
##
|10.|STOCKS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.12.22|31.12.21|
||||||||||f|f|
||Stocks||||||||12,618|12,718|
|11.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||||
||||||||||31.12.22|31.12.21|
||||||||||f|f|
||Other debtors||||||||8,854|7,031|
||Prepayments|and accrued income|||||||2,500|23,376|
||||||||||11,354|30,407|
|12.|CURRENT ASSET INVESTMENTS||||||||||
||||||||||31.12.22|31.12.21|
||||||||||f|f|
||Listed investments||||||||3.206|13.909|
|13.|CREDITORS:|AMOUNTS||FALLING||DUE WITHIN|ONE YEAR||||
||||||||||31.12.22|31.12.21|
||||||||||f|f|
||Trade creditors||||||||14,666|16,544|
||Taxation and|social security|||||||(950)||
||Other creditors||||||||110,726|216,457|
||||||||||124,442|233,001|
|14.|MOVEMENT|IN FUNDS|||||||||
|||||||||Net|Transfers||
|||||||||movement|between|At|
||||||||At 1.1.22|in funds|funds|31.12.22|
||||||||f|f|f|E|
||Unrestricted|funds|||||||||
||General fund||||||3,037,338|(23,570)|(30,971)|2,982,797|
||The Cadets Endowment|||Fund|||13,100|128,703||141,803|
||The Queen's|Regiment||Benevolent||Fund|1,965,756|(457,252)|30,971|1,539,475|
||The Queen's|Royal Surrey Benevolent|||||||||
||Fund||||||1,913,152|(321,584)||1,591,568|
||||||||6,929,346|(673,703)||6,225,643|
||Endowment|funds|||||||||
||The Royal Sussex Regimental||||Association||128,846|(17,428)||111,418|
||TOTAL FUNDS||||||7,058,192|(691,131)||6,367,061|
##
||||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|---|
||||||resources
f|expended
E|losses
E|in funds|
|Unrestricted|funds||||||||
|General fund|||||249,528|(231,730)|(41,367)|(23,570)|
|The Cadets Endowment||Fund|||3,128|(91)|125,666|128,703|
|The Queen's|Regiment|Benevolent||Fund|75,077|(106,048)|(426,281)|(457,252)|
|The Queen's|Royal Surrey Benevolent||||||||
|Fund|||||35,827|(23,146)|(334,265)|(321,584)|
||||||363,560|(390,646)|(676,247)|(673,703)|
|Endowment|funds||||||||
|The Royal Sussex Regimental|||Association||2,434|(59)|(19,803)|(17,428)|
|TOTAL FUNDS|||||365,994|(361,074)|(696,050)|(691,131)|
|Comparatives|for movement||in funds||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.21|in funds|31.12.21|
|||||||E|E|E|
|Unrestricted|funds||||||||
|General
fund||||||2,795,012|242,326|3,037,338|
|The Cadets Endowment||Fund|||||13,100|13,100|
|The Queen's|Regiment|Benevolent||Fund||1,552,034|413,722|1,965,756|
|The Queen's|Royal Surrey Benevolent||||||||
|Fund||||||1,726,149|187,003|1,913,152|
|||||||6,073,195|856,151|6,929,346|
|Endowment|funds||||||||
|The Royal Sussex Regimental|||Association|||116,249|12,597|128,846|
|TOTAL FUNDS||||||6,189,444|868,748|7,058,192|
##
||||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|---|
||||||resources|expended|losses|m funds|
||||||E|E|f|E|
|Unrestricted|funds||||||||
|General fund|||||273,379|(218,237)|187,184|242,326|
|The Cadets Endowment||Fund||||(435)|13,535|13,100|
|The Queen's|Regiment|Benevolent||Fund|118,709|(75,860)|370,873|413,722|
|The Queen's|Royal Surrey Benevolent||||||||
|Fund|||||41,273|(6,045)|151,775|187,003|
||||||433,361|(300,577)|723,367|856,151|
|Endowment|funds||||||||
|The Royal Sussex Regimental|||Association||2,553|(338)|10,382|12,597|
|TOTALFUNDS|||||435,914|(300,915)|733,749|868,748|
##
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##
|||||31.12.22|31.12.21|
|---|---|---|---|---|---|
|||||E|E|
|INCOME AND ENDOWMENTS||||||
|Donations
and|legacies|||||
|Donations||||182,886|265,360|
|Grants||||41,250|14,324|
|||||224,136|279,684|
|Investment
income||||||
|Other fixed asset invest|||—FII|128,545|148,421|
|Deposit account interest||||850|319|
|||||129,395|148,740|
|Charitable
activities||||||
|BookSales||||12,463|7,490|
|Total incoming|resources|||365,994|435,914|
|EXPENDITURE||||||
|Raising donations||and legacies||||
|Investment
Management|||Costs|3,162|18,147|
|IVlembership
Costs||||2,196||
|Presentation
Costs||||21,800|17223|
|Events Costs||||10,522|42,312|
|Remembrance|Costs|||8,386|2,825|
|||||46,066|80,507|
|Charitable activities||||||
|Travel||||8,939|7,835|
|Telephone||||384||
|Postage and stationery||||4,298|23,752|
|Sundries||||108||
|Insurance||||6,515|7,474|
|Consultancy||||29,092|36,173|
|Hospitality||||11,747|13,909|
|Trustee Meeting Costs||||1,768|21,172|
|Accountancy||||9,620|8,914|
|Subscriptions||||2,706|1,250|
|Office Expenses||||14,139|3,159|
|Website Costs||||25,386|6,030|
|Carried forward||||114,702|129,668|
||||31.12.22|31.12.21|
|---|---|---|---|---|
||||E|E|
|Charitable
activities|||||
|Brought forward|||114,702|129,668|
|Soldier Support|||25,601||
|Journal
Pdinting Costs|||46,149|10,850|
|Donations|||1,000||
|Regimental
Chattels Expenses|||27,401||
|Repairs and Renewals|||1,285||
|Improvements
to property|||3,292||
|Fixtures and fittings|||373|659|
|Computer
equipment|||827||
|Grants to individuals|||87,778|72,679|
||||308,408|213,856|
|Support cos'ts|||||
|Governance
costs|||||
|Auditors'
remuneration|||3,000||
|Auditors'
remuneration||for non audit work|3,600|3,276|
|Hire of plant and machinery||||3,276|
||||6,600|6,552|
|Total resources expended|||361,074|300,915|
|Net (expenditure)/income||before gains and|||
|losses|||4,919|134,999|
|Unrealised
recognised|gains and losses||||
|Unrealised
gains/(losses)||on fixed asset|||
|investments|||(696,050)|546,565|
|Net (expenditure)/income|||(691,131)|681,564|