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

11
11
o(0
a)00
0,0 (o
OO*ts
CMON)
o 1<0

In
11
11
11
11
¥siUI
10 Ln o cnlxj
Ln olo N)ia>
a> 10)
11
11

11
1111111111111
111111111111

m-IMII,11,I
11
(D ¢U
¢D a) a) a)
>4 >+
> > > >
a)
c c
a)
ooooo
co0￿0
00000
¢Y)10
a)! Ln
11
o (r) T¢
,ooooo
in Ln in Ln in
1200000
a) ￿ c4 CN C4 C•4
Ln'v
a) a> co CO Ln co
11
11
CNI T
11
11

11
Ii'iiiii'l