THE ROYAL GURKHA RIFLES REGIMENTAL TRUST ANNUAL ACCOUNTS ST FOR THE YEAR ENDED 31 MARCH 2026
THE ROYAL GURKHA RIFLES REGIMENTAL TRUST istered Chari No 1036834 ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2026 The objects of the Charity are to; Promote the efficiency of the Regiment Relieve serving or former members of the Regiment who are in conditions of need hardship or distress Foster esprit de corps, comradeship and the welfare of members of the Regiment, and to preserve the history and traditions of the Brigade of Gurkhas. The Trustees are. Ex-officio: Brigadier D.T. Pack OBE, The Colonel ofthe Regiment & Chairman Brig J P Davies MBE, Deputy Colonel of the Regiment Colonel D.J. Robinson, Colonel Brigade of Gurkhas st The Commanding Officers ofthe l and 2 Battalions Lieutenant Colonel J.A.E. Jeffcoat CO IRGR Lieutenant Colonel P. Houlton-Hart MBE, CO 2RGR Colonel J.N.B. Birch OBE The Chairman of the Regimental Association ofthe Regiment Co~opted: R,T. Hakes, Esq., C.R. Ross Esq., Officers of the Charity Lt Colonel (Retd) CF Warren OBE, Secretary Major( Retd) MFH Adler TD, Treasurer Full details of the Charity's income and expenditure are given in the accounts, which are attached to this report. Public benefit. The Fund achieves its objectives by the making of charitable grants out of its capital and income for the purpose of promoting the efficiency of the anned forces of The Crown, particularly by supporting the welfare of serving personnel and in commemorating the history and traditions of the Regiment. The Charity makes a range of grants that support Regimental well-being and benevolence and other activities that are not adequately, or directly, provided from Public Funds. The Trustees recognise the benefits that this brings to the Regiment and the Anny in contributing to the creation and maintenance of morale, a war- winning factor.
The Trustees consider, therefore, that the Charity more than meets the requirement to provide Public Benefit under the charitable "Head" of "the promotion of the efficiency of the arn]ed forces of The Crown" In respect of the Charity's investments, the Trustees have continued to hold income units in M&G Charifund and also hold accumulation units in the BlackRock Arn]ed Forces Charities Growth & Income Fund. They continue to hold the Newton Global Growth & Income Fund for Charities. They also hold COIF Charities Investment Fund accumulation units. They consider that this policy of diversification helps to mitigate risk. Funds coming in for The Kukri Fund continue to be invested in income units of the BlackRock Arn]ed Forces Charities Growth & Income Fund, the Newton Global Growth & Income Fund for Charities and the COIF Charities Investment Fund. The Trustees have resolved to seek growth as their prime investment objective for the time being. The Regiment is still comparatively young by British Army standards and there is a continuing need to grow the capital of the Charity in anticipation of an increased demand for support as soldiers age and their welfare and benevolence needs begin to become apparent. The Kukri Fund investments are designed to produce income specifically to meet the needs of deserving cases. The Treasurer of the Charity is found by The Independent Services Agency Ltd and the accounts are maintained in line with the SORP. Accounts for the year ending 31 March 2026 have been properly maintained and inspected independently inspected. Risk assessment and policy. The Trustees review the risks, which might affect the Charity, on a regular basis. The main risk is assessed as being a major collapse of the Stock Market but, nevertheless, they consider that their investments, which are professionally managed by major financial organisations, are as well diversified as they can be. The Trustees have experienced previous down turns in the market but, being a charity with long tern] expectations and requirements, they are content that their present investment policy is the proper one. The Trust enjoys a considerable annual income from the soldiers, day's pay scheme this enables them to cover most charitable outgoings. The Charity remains a going concern. Written policy documents are in place to cover risk management, investment and conflicts of interest, No such documents are required to cover volunteer management, safeguarding vulnerable beneficiaries and complaints handling since the Charity has no likely involvement in such matters. In the event that any of these subjects should become relevant then suitable measures would be planned, discussed and adopted. Activities and achievements. All the activities planned for during the year were achieved successfully.
Future intentions. There will be no immediate change to the policy of the Trustees, which is to invest for growth for the foreseeable future. As mentioned above the Trust receives a grant from the Soldiers, Day's Pay Scheme and this is distributed in its entirety to the battalions and sub units connected to the Regiment. This source of finance enables many welfare activities to be supported. Governance. Trustees are selected on the basis of special skills that they can offer which will benefit the Charity in ternis of its operation. Trustees, training is mainly achieved by virtue of positions held by Trustees in their civilian or military capacities. Use of external providers for such training is sometimes sought. Where necessary, the Independent Services Agency Ltd provides specialised technical advice on relevant current charity matters. The Trustees are all "volunteers" and offer their services on a financially un-rewarded basis. No other volunteers are employed. No regular fund-raising activities were or are employed. Individual donations from the membership of the Regiment may be sought on special occasions for unique purposes. Original Signed by a Trustee on behalf of all the Trustees Dated rgrtrustannrep2026
Inde endent Examiner's Re ort to the Trustees of the Ro al Gurkha Rifles Re imental Trust I report on the accounts of the Trust for the period ended 31 March 2026 as set out on the attached documents. Res eclive res onsibililies o tlie Truslees and tlie Examiner As the Charity's Trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of settion 43(2) of the Charities Act 1993 (the Act) does NOT apply. It is my responsibility to examine the accounts under section 145 of the Charities Act 2011 (the Act); and to follow the procedures laid down in the General Directions of the Charity Commissioners under section 145(5)b of the Act and to state whether particular matters have come to my attention. Basis o tlie Inde endeiit Examiner's Re ort My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those on record. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do NOT express an audit opinion on the view given in the accounts. Inde endenl Examiners Stalemenl In connection with my examination, NO matter has come to my attention; (l ) which gives me reasonable cause to believe that in any respect the requirements to keep accounting records in accordance with the Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name; S.A. Cranwell-child Place; West End Date; if té /¥ 2ozg. Independent Examiner posl March 2019
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