2023-03-31-accounts

			Page
Report ofthe Trustees		1	to	2
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements		6	to	10

			for t	he Year Ended 31stMarch	2023
					31.3.23	31.3.22
					Unrestricted	'1'otal
					fund	funds
				Notes
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies				18,910	24,654
Investment	income				19,755	19,202
Total					38,665	43,856
EXPENDITURE ON
Charitable	activities
1o increase	the efficiency ofthe regiment				17,500	24,498
Other					13,251	17,770
Total					30,751	42,268
Net gains/(losses) on investments					(69,257)	29,638
NET INCOME/(EXPENDITURE)					(61,343)	31,226
RECONCILIATION		OF FUNDS
Total funds	brought forward				909,034	877,808
TOTAL FUNDS CARRIED FORWARD					847,691	909,034

			31.3.23	31.3.22
			Unrestricted	1otal
			fund	funds
		Notes
FIXED	ASSETS
Tangible	assets		3,500	3,500
Investments			796,904	820,541
			800,404	824,041
CURRENT ASSETS
Debtors		10	4,291	4,727
Cash at	bank		45,434	82„286
			49,725	87,013
CREDITORS
Amounts	falling due within one year		(2,438)	(2,020)
NET CURRENT ASSETS			47,287	84,993
TOTAL	ASSETSLESSCURRENT
LIABILITIES			847,691	909,034
NET ASSETS			847,691	909,034
FUNDS
Unrestricted funds			847,691	909,034
TOTAL	FUNDS		847,691	909,034

DONATIONS		AND	LEGACIES
				31.3.23	31.3.22
Subscriptions	-	serving	officers	12,783	12,301
Subscriptions	-	retired	officers	6,127	12,353
				18,910	24,654

3.	INVESTMENT INCOME
								31.3.23	31.3.22
									f,
	Income from listed investments							19,755	19,202
4.	GRANTS PAYABLE
								31.3.23	31.3.22
	To increase	the efficiency ofthe regiment						17,500	24,498
	The total grants paid to		institutions		during	the year was as follows:
								31.3.23	31.3.22
	The Serving	Regiment						10,225	21,550
	Regimental	Association						6,650	2,323
	King Edward VII's Hospital			(Sister	Agnes)			25	25
	I-ICav/RAC	Corps Mess Fund						600	600
								17,500	24,498
5.	SUPPORT	COSTS
								Governance
							Management	costs	Totals
									f,
	Other resources expended						12,831	420	13,251
	Suppott costs, included		in the above, are as follows:
	Management
								31.3.23	31.3.22
								Other
								resources	Total
								expended	activities
	Wages							4,375	4,589
	Insurance								4,264
	Trustees' meeting expenses							448	1,016
	Sundries							944	295
	Colonel ofThe Regiment							750	525
	Investec management charges							6,314	6,601
								12,831	17,290

3].3.23	31.3.22
Other
resources	Total
expended	activities
420	480

The average	monthly number ofem	ployees during the year was as follow	s:
			31,3.23	31,3.22
Management	and support		1	1
No employees	received emoluments	in excess of160,000.
TANGIBLE	FIXEDASSETS
				Fixtures
				and
				ftttings
COST
At 1stApril 2022 and 31stMarch 2023				3,500
NET BOOK	VALUE
At 31stMarch	2023			3,500
At 31st March	2022			3,500

						Listed
						investments
	MARKET VALUE
	At 1stApril 2022					820,541
	Purchases					242,551
	Disposals					(196,931)
	Revaluations					(69,257)
	At 31st March 2023					796,904
	NET BOOK VALUE
	At 31st March 2023					796,904
	At 31stMarch 2022					820,541
	There were no investment		assets outside	the UK.
	The above investments	are stated as follows:
					2023	2022
	Historic cost				722,266	660,395
	Revaluation				74,638	160,146
					796,904	820,541
	Acquisitions in the year	were financed solely from the sale proceeds ofinvestments.
10.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
					31.3.23	31.3.22
	Prepayments and accrued		income		4,291	4,727
11.	CREDITORS: AMOUNTS FALLING			DUE WITHIN ONE YEAR
					31.3.23	31.3.22
	Accrued expenses				2,438	2,020
12.	RELATED PARTY DISCLOSURES
	There were no related patty transactions			for the year ended 31st March 2023.