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|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers||
|Trustees'
report|||2-6|
|Independent
examiner's
report||||
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||10-22|
|REFERENCE|AND|ADMINISTRATIVE|DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|
|||for|the year ended 5April 2021|
|Trustees||Brigadier
H A Watson MBE|
|---|---|---|
|||Captain C R Renwick|
|||Major (Retd) M Tazey MBE|
|||Major W G Peto|
|||Lieutenant
Colonel T R M Robinson|
|||Major H P Ogden|
|||Captain (Retd) C N Bird|
|||C FS May Esq|
|||N A Milne Esq.|
|||Captain E T Legard|
|||WO1 (RSM) L Iddon|
|||Captain J R Barkes|
|Charity registered|||
|number||1041982|
|Principal office||Home Headquarters|
|||Fenharn
Barracks|
|||NE2 4NP|
|Accountants||Ryecroft Glenton|
|||Chartered
Accountants|
|||32 Portland Terrace|
|||Newcastle
upon Tyne|
|||NE2 1QP|
|Bankers||Lloyds TSB|
|||Cox's &King's|
|||PO Box1190|
|||Pall Mail|
|||London|
|||SW1Y5NA|
|Solicitors||Gibson &Co,|
|||77 - 87West Road|
|||Newcastle
upon Tyne|
|||NE15 6PR|
|Investment|Managers|Brewin Dolphin|
|||Time Central|
|||Galtowgate|
|||Newcastle
upon Tyne|
|||NE1 4SR|
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||||Restricted|Unrestricted|Total|To/a/|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021
f|2021
f|2021f|2020|
|Income from:|||||||
|Donations
and legacies|||9,641|126,078|135,719|105,027|
|Charitable
activities:|||||||
|Refund ofwelfare grants|||500||500|12,625|
|Sale of reunion
function|tickets|||694|694|5,958|
|Receipts from sale ofstock||||968|968|2,313|
|Uniform sales 5grants refunded||||750|750|1,500|
|Sales of"Regimental
Journal"||||75|75|180|
|Investments|||28,487|23,494|51,9&1|65,887|
|Total income|||38,628|152,059|190,687|193,490|
|Expenditure
on:|||||||
|investment
management|fees||7,371|7,016|'}4,387|14,840|
|Other charitable
activities|||54,018|159,086|213,104|253,069|
|Total expenditure|||61,389|166,102|227,491|267,909|
|Net expenditure
before net|||||||
|gains/(losses)
on investments|||(22,761)|(14,043)|(36,804)|(74,4'/9)|
|Net gains/(losses)
on investments|||275,991|260,741|536,732|(341,320)|
|Net income/(expenditure)|||253,230|246,698|499,928|(415,739)|
|Transfers
between
funds|||22,048|(22,048)|||
|Net movement
in funds|||275,278|224,650|499,928|(415,739)|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||972,269|1,006,035|1,978,304|2,394,043|
|Net movement
in funds|||275,278|224,650|499,928|(415,739)|
|Total funds carried forward|||1,247,547|1,230,685|2,478,232|1,978,304|
|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Tangible assets (note 11)||||||4||6|
|Investments
(note|12)|||||2,268,933||1,837,299|
|||||||2,268,937||1,837,305|
|Current assets|||||||||
|Stocks (note 13)|||||23,472||23,981||
|Debtors (note 14)|||||7,566||2,691||
|Cash at bank and|in hand||||187,573||131,500||
||||||218,6'I1||158,172||
|Creditors: amounts|falling||due within one|year (note|||||
|15)|||||(9,316)||(17,173)||
|Net current assets||||||209,295||140,999|
|Total assets less|current||liabilities|||2,478,232||1,978,304|
|Net assets||||||2,478,232||1,978,304|
|Total net assets||||||2,478,232||1,978,304|
|Charity funds|||||||||
|Restricted funds (note 17)||||||1,247,547||972,269|
|Unrestricted
funds|(note 17)|||||1,230,685||1,006,035|
|Total funds||||||2,478,232||1,978,304|
|The financial statements||were approved||and authorised|for issue by the|Trustees and|signed on their|behalf by:|
|Captain
C R Renwick|||||CFg|ay&|||
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|Restricted|Unrestricted|Total|
|---|---|---|
|funds|funds|funds|
|2021|2021|2021|
|9,641|126,078|135,719|
|9,641|126,078|135,719|
|Restricted|Unrestricted|Totai|
|funds|funds|funds|
|2020|2020|2020|
|1,081|83,446|84,527|
||20,500|20,500|
|1,081|103946|105027|
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||||Restricted|Unrestricted|Totai|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2021|
||||E|E||
|Charity|incoming|resources|500|2,487|2,987|
||||Restricted|Unrestricted|Tote/|
||||funds|funds|funds|
||||2020|2020|2020|
|Charity|incoming|resources|1,165|21,411|22,576|
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|||Restricted|Unrestricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|Income from investments|within the UK|21,414|18,431|39,845|
|Bank and Brewin Dolphin|deposit account interest received|8|8|16|
|Income from investments|outside the UK|7,065|5,055|12,120|
|Total 2021||28,487|23,494|51,981|
|||Restricted|Unrestricted|Totai|
|||funds|funds|funds|
|||2020|2020|2020|
|Income from investments|within the UK|28,188|24,982|53,170|
|Bank and Brewin Dolphin|deposit account interest received|57|86|143|
|Income from investments|outside the UK|7,170|5,404|12,574|
|||35,415|30,472|65,887|
##
||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2021|
|||||F|K|
|investment|management|fees|7,371|7,016|14,387|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2020|2020|2020|
|Investment|management|fees|7,577|7,263|14,840|
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||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021
E|2021
E|2021f|
|Other|charitable|activities|54,018|159,086|213,104|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2020|2020|2020|
|Other|charitable|activities|64,386|188,683|253,069|
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2021|2021|2021|
|Direct|costs|199,781|13,323|213,104|
|||Activities|||
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2020|2020|2020|
|Direct|costs|238,808|14,261|253,069|
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|||||||Total|
|---|---|---|---|---|---|---|
||||||Activities|funds|
||||||2021|2021|
|Depreciation|||||2|2|
|Heritage
Fund donations|||||107,939|107,939|
|Welfare grants and Old Comrades||donations|||51,143|51,143|
|Donations|||||4,365|4,365|
|Funeral and memorial
expenditure|||||3,451|3,451|
|Charitable
Trust Fund expenditure|||||27,668|27,668|
|Reunion functions
expenditure|||||683|583|
|Consultancy
fees|||||1,313|1 313|
|Home Headquarters
and risk management
insurances
Purchase
value ofshop stocks sold (including
LD History free issue)|||||2,460
757|2,460
757|
||||||199,781|199,781|
|||||||Total|
||||||Activities|funds|
||||||2020|2020f|
|Depreciation|||||2|2|
|Welfare grants and Old Comrades||donations|||69,965|69,965|
|Donations|||||843|843|
|Funeral and memorial
expenditure|||||3,371|3,37'1|
|Charitable
Trust Fund expenditure|||||138,424|138,424|
|Printing costs of "Regimental|Journal"||||8,880|8,880|
|Reunion functions
expenditure|||||6,349|6,349|
|Consultancy fees|||||1,509|1,509|
|Home Headquarters
and risk management
insurances
Purchase
value ofshop stocks sold (including
LD History free issue)|||||2,462
7,003|2,462
7,003|
||||||238,808|238,808|
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||K||
|Fees payable
independent|to the Charity's
examination
of||independent
the Charity's|examiner for the preparation
annual accounts|and|3,800|3,800|
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|Ilaterial inves|tments
wh||ch represent
more than 5%ofthe|portfolio valuation
comprise|of:|
|---|---|---|---|---|---|
||||||2020f|
|Vanguard
Investments
UK|||Ltd US equity units|148,191|99,423|
|Threadneedle|Investment||UK Equity inc. units|117,030||
|Ninety One Fund Managers|||UK Aipha|116,057||
|Fidelity UClTS|ICA US units|||113,925||
|Threadneedle|investment|UK Equity inc. units|||92,992|
|||||495,203|192,415|
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|2021f|2020|
|---|---|
|23,472|23,981|
##
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|||2021|2020|
|---|---|---|---|
|Due within one year||||
|Other debtors||5,779|1,306|
|Prepayments|and accrued income|1,787|1,385|
|||7,566|2,691|
##
|||2021|2020|
|---|---|---|---|
|Other creditors||1,766|1,343|
|Accruals and deferred|income|7,550|15,830|
|||9,316|17,173|
##
|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|2,268,933|1,837,299|
##
||Balance at 6
April 2020|Income|Expenditure|Transfers
in/out|Gains/
(Losses)|Balance at 5
April 2021|
|---|---|---|---|---|---|---|
||||||E||
|Unrestricted|||||||
|funds|||||||
|General
Fund|1,006,035|152,059|(166,102)|(22,048)|260,741|1,230,685|
|Restricted|||||||
|funds|||||||
|Colonel's Appeal|||||||
|Fund|972,269|38,628|(61,389)|22,048|275,991|1,247,547|
|Total offunds|1,978,304|190,687|(227,491)||536,732|2,478,232|
|Statement offunds - prior year|||||||
||Balance at
6April 2019|Income|Expenditure|Transfers
in/out|Gaina'
(Losses)|Balance at
5April 2020|
|Unrestricted|||||||
|funds|||||||
|General
Fund|1,138,764|155,829|(195,946)|66,945|(159,557)|1,006,035|
|Restricted|||||||
|funds|||||||
|Colonel's Appeal|||||||
|Fund|1,255,279|37,661|(71,963)|(66,945)|(181,763)|972,269|
|Total offunds|2.394043|37,661|(267,909)||(341,320)|1,978,304|
##
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|Summary offun|ds - current year||||||
|---|---|---|---|---|---|---|
||Balance at 6
April 2020|Income|Expenditure|Transfers
in/out|Gains/
(Losses)
f|Balance at 5
April2021|
|General funds
Restricted funds|1,006,035
972,269|152,059
38,628|(166,102)
(61,389)|(22,048)
22,048|260,741
275,991|1,230,685
1,247,547|
||1,978,304|190,687|(227,491)||536,732|2,478,232|
|Summary
offun|ds -prior year||||||
|---|---|---|---|---|---|---|
||Balance at
6April 2019|Income|Expenditure|Transfers
in/out|Gains
(Losses)|Balance at
5April 2020|
|General funds|1„138,764|155,829|(195,946)|66,945|(159,557)|1,006,035|
|Restricted funds|1,255,279|37,661|(71,963)|(66,945)|(181,763)|972,269|
||2,394,043|193,490|(267,909)||(341,320)|1,978,304|
##
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|Analysis ofnet assets between funds -curr|ent year|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2021|2021|2021|
|Tangible fixed assets||4|4|
|Fixed asset investments|1,165,656|1,103,277|2,268,933|
|Current assets|83,841|'l34,770|218,611|
|Creditors due within one year|(1,950)|(7,366)|(9,316)|
|Total|1.247,547|1,230,665|2,478,232|
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||Restricted|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2020|
|Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year|928,720
45,143
(1,594)|6
908,579
113,029
(15,579)|6
1,837,299
158,172
(17,173)|
|Total|972,269|1,006,035|1,978,304|