| Page | |
|---|---|
| Report ofthe Trustees | I to 6 |
| Independent Examiner" s Report |
|
| Statement ofFinancial Activities | |
| Balance Sheet | |
| Notes to the Financial Statements | 10to 15 |
| Detailed Statement ofFinancial Activities | 16 |
| Principal address |
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|---|---|---|---|---|---|---|---|---|
| RHQ The Rifles | ||||||||
| Peninsula Barracks |
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| Romsey Road | ||||||||
| Winchester | ||||||||
| Hampshire | ||||||||
| SO23 8TS | ||||||||
| Trustees | ||||||||
| General Sir Patnck Nicholas Yardley Monrad | Sanders KCBCB | E DSO ADC Gen | ||||||
| Lieutenant General Thomas Richardson |
Copinger-Symes | CBE | ||||||
| Major General Thomas Howard Bewick | OBE | |||||||
| Major General Charles Seymore Collins | DSO | OBE | ||||||
| Brigadier Mark Christian Peter Wilson MBE |
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| Brigadier Daniel Reeve MC | ||||||||
| Colonel Ralph Graham Arundell |
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| Colonel Ashley Raymond Fulford |
OBE | |||||||
| Colonel Nikola flic MBE QGM | ||||||||
| Lieutenant Colonel Peter James Alexander |
Bafls | OBE | ||||||
| Lieutenant Colonel John Alexander |
Poole-Warren | MBE | ||||||
| Lieutenant Colonel Simon David |
Gray MBE | |||||||
| Capt Lee Jones —Retired 31May | 2022 | |||||||
| Capt Robert Gribble —Appointed | 31 May | 2022 | ||||||
| Jeremy Michael Archer | ||||||||
| Simon Charles Hazlitt | ||||||||
| Andrew George Wycliffe Jackson | ||||||||
| Rebecca Charlotte Maciejewska |
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| Oliver Rupert Marsh | ||||||||
| Henry Charles Steel |
| REFERENCE AND ADMINISTRATIVE | DETAILS |
|---|---|
| Bankers | |
| Lloyds Bank pic | |
| Cox's &Kings | |
| 39Piccadilly | |
| London | |
| WIV OAA | |
| Solicitors | |
| Blake Morgan | |
| New Kings Court | |
| Tollgate | |
| Chandler's Ford |
|
| SO53 3LG | |
| Investment Managers |
|
| Cazenove Capital Management | |
| 12Moorgate | |
| London | |
| EC2R 6DR | |
| Governing Document |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| 2022 | 2021 | |||||
| Notes | ||||||
| INCOME | FROM | |||||
| Donations | and legacies | 9 | ll | |||
| Investment | income | 35,678 | 29,130 | |||
| Total | 35,687 | 29,141 | ||||
| EXPENDITURE | ON | |||||
| Raising funds | 8,602 | 8,526 | ||||
| Charitable | activities | 31,216 | 25,597 | |||
| Total | 39,818 | 34,123 | ||||
| Net (losses)/gains | on investments | (154,267) | 174,452 | |||
| Net (expenditure)/income | (158,398) | 169,470 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward | 2,179,319 | 2,009,849 | ||||
| TOTAL | FUNDS | CARRIED FORWARD | 2,020,921 | 2,179,319 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | g | ||
| FIXEDASSETS | |||
| Investments | 1,985,024 | 2,139,291 | |
| CURRENT ASSETS | |||
| Cash at bank | 13 | 33,342 | 39,924 |
| Debtors | 14 | 5,897 | 3,314 |
| 39,239 | 43,238 | ||
| CREDITORS | |||
| Amounts faging due within one year |
15 | (3,342) | (3,210) |
| NET CURRENT ASSETS | 35,897 | 40,028 | |
| TOTAL ASSETS LESSCURRENT | |||
| LIABILITIES | 2,020,921 | 2,179,319 | |
| NET ASSETS | 2,020,921 | 2,179,319 | |
| FUNDS | |||
| Unrestricted funds |
16 | 2,020,921 | 2,179,319 |
| TOTAL FUNDS | 2,020,921 | 2,179,319 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Investment | income | 35,678 | 29,130 | ||||
| 35,678 | 29,130 | ||||||
| 3.RAISING | FUiVDS | ||||||
| 2022 | 2021 | ||||||
| Investment | management | fees | 8,602 | 8,526 | |||
| 8,602 | 8,526 | ||||||
| 4.CHARITABLE ACTIVITIES | |||||||
| Grant funding | Support | ||||||
| Direct | ofactivities | costs | |||||
| costs | (see note 5) | (see note 6) | Totals | ||||
| g | |||||||
| RHQ | 8,385 | 12,622 | 10,207 | 31,214 | |||
| 8,385 | 12,622 | 10,207 | 31,214 | ||||
| 5. GRANTS | PAYABLE | ||||||
| The total grant payable | during the year was as follows: | ||||||
| 2022 | 2021 | ||||||
| Grants to individuals | 3,502 | 3,105 | |||||
| Grants to Institutions | 500 | 500 | |||||
| Grants to Battalions | 2,500 | ||||||
| Grant to Iceberg Fund | 6,120 | 15,000 | |||||
| 12,622 | 18,605 | ||||||
| 6. SUPPORT COSTS | |||||||
| Year ended | Year ended | ||||||
| Management | Governance | 31.12.2Z | 31.12.21 | ||||
| RHQ | 6,865 | 3,342 | 10,207 | 6,992 | |||
| 6,865 | 3,342 | 10,207 | 6,992 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Independent | examination | fees | 3,342 | 3,210 |
| Total | |||
|---|---|---|---|
| Funds | |||
| INCOME FROM | |||
| Donations and legacies |
11 | ||
| Investment income |
29,130 | ||
| Total | 29,141 | ||
| EXPENDITURE | ON | ||
| Raising funds | 8,526 | ||
| Charitable activities |
25,597 | ||
| Total | 34,123 | ||
| Net gains/(losses) | on investments | 174,452 | |
| Net income/(expenditure) | 169,470 | ||
| Net movement in |
funds | 169,470 | |
| RECONCILIATION | OF FUNDS | ||
| Total funds brought forward | 2,009,849 | ||
| TOTAL IIUNDS | CARRIED FORWARD | 2,179,319 |
| IXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| Investments | |
| MARKET VALUE | |
| At 1stJanuary 2022 | 2,139,291 |
| Additions | 527,948 |
| Disposals | (527,948) |
| Revaluation | (154,267) |
| At 31st December 2022 | 1,985,024 |
| NET BOOK VALUE | |
| At 31stDecember 2022 | 1,985,024 |
| At 31st December 2021 | 2,139,291 |
| value | ||||
|---|---|---|---|---|
| Within | the | United | Kingdom | 735,655 |
| Outside | the | United | Kingdom | 1,249,369 |
| 1,985,024 |
| 13.CASH AT BA | N | K | ||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| g | ||||||||
| Lloyds Account | 33,342 | 39,924 | ||||||
| 33,342 | 39,924 | |||||||
| 14.DKBTORS | ||||||||
| 2022 | 2021 | |||||||
| g | ||||||||
| Schroders accrued income | 5,897 | 3,314 | ||||||
| 5,897 | 3,314 | |||||||
| 15.CREDITORS: | AMOUNTS | FALLING DUE | WITHIN ONE | YEAR | ||||
| 2022 | 2021 | |||||||
| Other creditors | 3,342 | 3,210 | ||||||
| 16.MOVEMKNT | IN FUNDS | |||||||
| Balance at | Incoming | Resources | investment | Balance at | ||||
| 01.01.22 | resources | expended | gains/(losses) | Transfers | 31.12.22 | |||
| g | g | |||||||
| Unrestricted | funds | |||||||
| General | 2,154,329 | 35,687 | 33,698 | (154,267) | (15,000) | 1,987,051 | ||
| Iceberg Fund | 24,990 | 6,120 | 15,000 | 33,870 | ||||
| TOTAL FUNDS | 2,179,319 | 35,687 | 39,818 | (154,267) | 2,020,921 | |||
| Comparatives | for movement | in funds | ||||||
| Balance at | Incoming | Resources | Investment | Balance at | ||||
| 01.01.21 | resources | expended | gains/(losses) | Transfers | 31.12.21 | |||
| g | ||||||||
| Unrestricted | funds | |||||||
| General | 1,984,859 | 29,141 | 19,123 | 174,452 | (15,000) | 2,154,329 | ||
| Iceberg Fund | 24,990 | 15,000 | 15,000 | 24,990 | ||||
| TOTAL FUNDS | 2,009,849 | 29,141 | 34,123 | 174,452 | 2,179,319 |
| Total | Total | |||
|---|---|---|---|---|
| Funds | Funds | |||
| 2022 | 2021 | |||
| g | ||||
| INCOME FROM | ||||
| Donations and legacies |
||||
| Donations | ||||
| Investment income |
||||
| Investment income |
35,678 | 29,130 | ||
| 35,678 | 29,130 | |||
| Total | 35,687 | 29,141 | ||
| EXPENDITURE | ON | |||
| — Rat~ |
||||
| Investment management |
fee | 8,602 | 8,526 | |
| 8,602 | 8,526 | |||
| Charitable activities |
||||
| Officer events | 8,385 | |||
| Grants to individuals | 3,502 | 3,105 | ||
| Grants to Institutions | 500 | 500 | ||
| Grants to Battalions | 2,500 | |||
| Grant from Iceberg Fund | (Rifies awards event) | 6,120 | 15,000 | |
| 21,007 | 18,605 | |||
| Support costs | ||||
| Staff honorarium | 1,500 | 1,500 | ||
| Independent examination |
fees | 3,342 | 3,210 | |
| Officer recruiting | 3,229 | 1,833 | ||
| Remunerations | 1,096 | |||
| Misc costs and presentations | 1,042 | 449 | ||
| 10,209 | 6,992 | |||
| Total | 39,818 | 34,123 | ||
| Net (losses)/gains | on investments | (154,267) | 174,452 | |
| Net (expenditure)/income | (158,398) | 169,470 |