REGISTERED CHARITY liLMBER: 1056704 Reporl of the Trustees and L naudited Fina ncial Statements for Ihe Year Ended 31 March 2024 for Colonel Commandants Fund Colonel Commandants Fund Contents of the Financial %laiemenis for the l'ear Ended 31 ,Nlarth 2024 Report ol" Ihe Trusiees Independeni Examiner's Rewn Statemeni of Financial AciiN ilies Balance Sheei Noies 10 Ihe Financial Staiements 910 18 Colonel Commandanls Fund Report of the Truslees for the Year Ended 31 .Nlarch 2024 The Trustees preseni Iheir report M'iih the financial statemenis of the Charl￿ for the l'ear ended i l March ?0?4. The Trusiees have (Idopted ihe pro￿.]SiOnS of Accountinu and Reportin? bi Charilies- SialeEnenl ot- Recommended Practice applicable 10 charitie5 preparing iheir accounts in accordance H'ith the Financial Reponiniw Standard applicable in the UK and Republic of Ireland (FRS I O?) (etTeclive l Januari. ?019). OBJECTIVES AND ACTIVITIES Objectives and aims To maintain. IosiL'r and improi'e the 11-elfare. Education and Esprii de Corps of 0￿]CerS. Warrani OftIcL'rs. Non- Commissioned Ofticers and men noii. and t.rom lime io lime sen'inL' or i% ho have served in the Royal Tank R¢gJiin¢nt. b. To proimole the miliiary" erricienc!, of members of the Ro! al Tank ReLJ iment. c. To make iiift5. Lyrants. loans of monei. or other¥% ise to proN'ide financial assisthnce or aid lo ans. persons who have rormerlK seri.¢'d or al the lime sern'in? in the RoN"al Tank Regimeni and H'ho are in difficuli circumstances and Iheir dL'Pi'ndanls in similar circumstances of ani such person. d. To make purchases or proN"ide monies for Ihe proi ision of such ameniiies as mai. be considered desirable for the purpose of ihe iN"ell beinLJ. morale or efficienc! of units. sub-units or bodies of Officers and men or for individuals who are servin? in Ihe Ro!"al Tank ReL)im¢ni or hai e fonnerli ser¥"ed in thai RecFimeni. 10 niake uitis. donaiions. loans or IFranls of monies or oihen% ise 10 proi ide financial assistance to the RoNal Tank Re¥Jimeni Associaiion. RON al Tank Re(Fimeni Ben¢i'ol¢ni Fund or to an! other Fund or bodi hai iniJ e.Iclusivel chariiablc objects, and fornied for the purpose of assisiinLi or benefilinu in ani. manner auihorised bi, the objects of the Fund. persons who have Served or are s¢Th'ing in the Ro￿.a] Tank Reoimeni and Iheir dependants of such persons atoresaid. The Strategies lo be EmploTr'ed to Achiei'e the Charili s Objectil'es are to Produce a structure ii'herebl donaiion ' relies upon donations. legacies. funciion income. tradin(F income. ink'e5mient incoine and 'Oiie DaN's Pas for its income rL'source. The ioial income for Financial Year ?0) J 94 il'as £160.0S? includinnaied and reslricled fuiids. T()ial incoille Irom investments. including, designaied and resiricied funds. li'a5 £36.885. Income from donations amounted lo £ iog.5fv1 including, desiLFnaled and restricted funds. Trustees, Pom'er of Ini'estment All sums ol. cash nol required bi ihe Truslees for ii'orkino purposes shall be in￿ested into ihe RTR Common I￿￿eStmen[ Fund. The Tnjsiees ma! also set aside a said amouni 10 be in￿ested in each Financial Year. b. The Trusiee5 have Ihe poi¥er to appoini an Ini"esimenl ManaLFer and to deleuate lo him discretionarN' power in relation io the manaLTemeni of the charl￿.5 ini'esim¢nis. Th¢ Trustees have the po￿.er to appoini a corporate bod!. as ihe T￿slee5. nominee to hold the invesiments for the ChariN'. d. The Trusiees ha￿e (Fiven JM Finn & Co discretionar). poi%'ers of investmenl ￿"1th1n ihe parameiers of.. I I I InkesimL'nt ObjeciiN'es: (al Income TariFei'. i%"as £?00.000 for the i ear. (bl Groii'ih TariJel'. RPl+ ?070. (? l Level ol. Risk.. The portfolio is held in a combination of medium risk and lo￿, risk inwestments. {3) Pa%'ment in¥'esimenl income is monihli" on a lotal returns basis. The'frustees haie made JM Finn Nominees Lid Tntstee Nominee. Re%eThes polici" li is the pol ic) (if the Chariri, to maintain unresiricied fund5 ai a lei'el i4.hich equal¢ io approximatel). l ? month5 unreslricled expendilure. This proN'ides sullicieni fund5 lo Co￿er mana?emeni and adminislralion and support costs. Unresiricled funds are mainiainl'd at leasi ai Ih 15 lei'el throuiihoul the i ear. Ai ihe ! ear end ihe Charit! held £ l ?1.9?) l?0? J.. £ I l i.1571 as cash reserves ol. ii'hich £119.ii.S i?O?J'. £ I l O.)98) li as unrestricted. Free reser¥es ai ihe ) ear end. defined as unreslricted reserves less tiled assels. total led £91.768 {_ ?O?j= £57.IOil. FUTLRE PLANS 1.he Q'hariii li 111 coniinue io prov ide annual £ranis to both I￿.elfare and Reoimenial Fund5 from an expected reasonable income. The Trusiees hai'e made Ihe decision to chanoe Ini"¢simeni pro&"iders from J M Finn 10 CCLA. the moN'e ￿"111 lake place JulN' Augyust ?0?4. STRUCTURE, GOVERNANCE AND VI.4NAGEMEI%T G0￿'tr￿l￿g document The Charity called Ihe RTR Colonel Commandanis Fund is reoulated bi. a scheme of Ihe CharitN' Commis5ivners dated 20 Julj 197? as ainended bj a further deed daied I S Seplember 1998 and amended bl a funher deed dated 18 NoN'ember ioo? Goi'erning document limiting actii'ities There are no limiiinbJ acti￿.1t1es in ihe ￿0verning document. Recruitment appointmenl of neTh' truslees Tr115tees are appoinied bi. their rank and appoinim¢ni in ihe Ro! al Tank Reoiment. The prospecti￿e Truslees receive a briefin(? pack Irom the ReLFimeni£il Secretar%. and are inducied on their first meeiing bi. Ihe Presideni of the Trustees. Colonel Commandant Ro}'al Tank. Res)imenl. Page 2 Colonel Commandants Fund Report of the Trusiee5 for the Year Ended 31 March 2024 STRUCTURE, G()VF_RNANCE AND MANAGEMENT Organisational structure The Board of Trustees administer ihe Chariii. The Board meeis once a l'ear oificiallN and covers Finance and Audil. Additional meetinLTS are held i%'hen necessarn. The Re?imenial S¢creian manaLFes ihe dal 10 dal. operation of the Charity. To f(tcilitaiL' efficient mana(?ement of the orLFanisation Ihe Reiyimenial SecrelaTr' has delegated auihoriti,. w'iihin lim its sel b), the Trusiees. for maiters includinu finance. public rc'laiions and emploi Ineni. The Charili. operates i¥ here￿er Roi'al Tank Reuimenl Units. Sub-L'niis are deploi ed. b. 'I"here is one ful l_tiine paid member of siaff. The salan" ¢0515 ii.ere shared i% iih ihe Roi al Arinoured Corps Meniorial Trusi l until i l Ociober ?0?)) and ihe Rol al Tank Reij iment Colonel Commandants Fund. The percLnia(?es are.. (I) RACMT IO% (2) R TR 900/0 Il'hich is further sub-divided: lil RTR CCF {ii) RTR BF (3) From l Nowember ?0?" (i) RTR CCF" (ill RTR BF. There ￿.￿re no major chanc?es in Ihe ChariN'S W)licies. d. The Charii!" is dependeni on the MinisiTh of Defence for the provision ofpremises and oiher fixed assets to enable il to cam oul its objeciikes. Assets are ai'ailable and adequaie in respect of all funds of the CharitN' lo enable il lo fulfil its obligJations. RTR 100% M¢etings The Trustees meet ollicialli. once a N ear. I nduction and iraining of nem. trustees Neil Trusiees receive a briL.Iinn pack from ihe Re?imental Secreiary.. This briefing pack contains the following documents.. Charity. Commission Guidelines for Trustees. b. Annual Repon and Accounts. Meelingy Procedures. d. l-rustees, Report. They ￿ ill also attend an orientaiion session ￿'Ith the Colonel Commandant and Ihe Regimental SecrelaTr' prior to their first Tru%tee Meeiinu DurinLTr this briefin(J the! ii.ill be made ail are of iheir role and responsibiliiN as a Trustee. the role of the CharilN Coinmission. the decision making procLSS and 1% ill be able 10 ask ani questions thel ma! hai'e from the docuineniation M'hich has been proi'ided 10 Iheni. Durin? Ihe orieniaiion session Ihel H ill be LFjI'en the opportunity, to meet members of siaff and ihe oiher Trusiees. All I'ruslees are niade aii'are of eNlernal iraininiJ evenis and are encouragyed to aitend. Related parlie5 Tl)L' Ci)l()iiel Commandants Fund is connecled w iih ihe folloH"inLF charities and chariiable Compan￿.. ( l) R())'al Tank Reij imenl Association. (21 Rowal Tank Re(JjiMent Benevolent Fund. {i)-l-he jame81)e￿.hUrsl Trust. {41 Ro)'al Tank Reg?imeni Publications Trusi. b. All the abo￿¢ are subject lo common control ii.iih Trustees and thus administered. In addiiion Ihe Colonel Commandanis Fund is connected il'ith The Rol'al Annoured Corps Memorial Trust to the exleni of comnion adm inistrdtion and sharin? of cosis up to 31 Otober ?0?3. Risk management 'l-he TrusiLi% acliveli revieii. the major risks ￿'hICh the CharitN' faces on a regular basis and belieN'e that mainiainingj reserves at curreni lei'¢ls. combined M'iih an annual re￿ie￿. of the conirols oi.er ke¥" financial si siems. w ill provide sufficient resources in the eieni ot-adi'erse condilions. The TrusiL'e5 hai e also elam ined oiher operational and business risks faced by Ih¢' Charity and confirm iliai Ihei haN e established si siems to miligFale the si2nificani risks. Page 3 Colonel Commandants Fund Report of the Truslees for the I'ear F.nded JI .March 2024 RF.FERF.NCF. AND ADNIINISTRATIVE DETAILS Registered CharitTr number l Oi6704 Prin¢ipal add ress 'Flie Roi al I'ank Regiment HIIQ R"fR Sianl¢)' Barracks Bovingylon Wareham Dcirsel BH?0 6JB Truste¢5 Colonel Commandani Ro)'al Tank Reuiment_ Bri2 G J Thompson D¢'pUt￿ Colonel Commandant BriLT (Reid) XJ Coiiei MBE CommandinLTr Ot7i¢er Rl-R - Lt Col M N H Luson Itrom 18 October ?0?3) CommandinLJ OtTicer RTR - Lt Col S P W'onh Iresiuned 18 October ?O?J) The Trusiees are known as the Reoimental Council. The address of all Trustees is via ihe Reuiniental Secretary. Independent Examiner Miss J A Richardson FCA FCCA DChA j) AHard Road imborne Dorsei BII?17N-r (iDlicilor5 Huinphries Kirk Warehain Dors¢l BH20 4AN' InTrestm¢nt Adi'isers JM Finn & Co ?5 Copthall Ak'enue London EC?R 7AH Truslee5 ￿omIn¢C Compan!" JM Finn Noni inees Lid 75 Copthall Ai enue Li)ndon EC?R 7AH Bankers Holis M i l ilarN' Bank 200 Fowler Avenue Farnborough Ilan)pshire GU147JP Page 4 Colonel Commandants Fund Report of the Trusiees For the l'ear Ended 31 ,March 2024 Approi'ed b). order of the Board of Trusiees on and signed on its behalf by.. Trustee Trustee Truslee Page 5 Colonel Commandants Fund Independent examiner's report to the trustees of Colonel Commandants Fund I report lo the charity trust¢es on my examination of the accounts of Colonel Commandants Fund (the Trust) for the year ended J l March 2024. Responsibilili¢s and basis of report As the charity trustees of the Trusl j'ou are responsible for the preparaiion of ihe accounts in accordance with ihe requirements of the Charities Act 2011 ('the Act.). I report in respect of my examinaiion of th¢ Trust's accounts carried out under section 145 of the Act and in carying out my examinaiion I have fol lowed all applicable Direciions given by th¢ Charil), Commission under section 145(5)(b) of the Act. Independent examiner'5 Statement I have coinpleiLd m), examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were noi kepl in respect of the Trust as required by section 130 of the Aci. or 2. the accounts do not accord with ihose records; or 3. the accounts do noi Comply with the applicable requiremenis concerning the form and contenl of accounts set out in the Charities (Accounts and Reports) Regulalions 2008 other ihan an! requirement thal the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection ￿,]lh the e.xainination lo which attention should be drawn in Ihis report in order lo enable a Proper underslanding of ihe accounls to be reached. Miss JA Richardson FCA FCCA DChA j? Award Road Wimborne Dorset BH?1 7NT Dale.. Page 6 Colonel Commgndants Fund Stalemenl of Financial Aclii'ilies for Ihe Year Ended 31 March 2024 ?0?4 Toial funds General rund Unresiricied Special funds Unrestricted Restricted fund Total funds Noies INCOIIF. AJD F.ryD()I¥,N1ENTS FR()M Donation5 and legacies Dunatioiis and ILL7aLiei 80.575 23.000 4.979 108.554 1?8.614 Oiher tradinu activities Invesiment income 14.613 20.i?8 15.680 877 36.188 Total 115.516 i8.680 5.856 160.05? 164.809 F.XPEIYDITbRE 01 RaisinLI I'und5 (4.774) (5.705) (176) (10.655) (159,110) Cliaritable actii'ilies Giii¢i'al 15.51$) i.390 1.100 120.00.5 111.196 Total ( l ?0.?89) {9.095} {1 ?76) ( l JO.660) (270.3061 Nei cyains.'{ loss) on inweslnienls i4.714 9i9 56.Oi5 19?.417 ET INCOMF, ?9.941 49.967 5.519 85.4?7 {297.921) Transfers betw'een funds 4.iOO 4.500 Net moi'ewnenl in funds 54.467 5.519 8).4?7 (297.9?11 RECONCILIAITIO OF FUNDS Toial tunds brought foN'ard 789.749 518.i64 ?6.816 1.334.9?9 1.6 J?.850 TOTAL FL:NDS CARRIED FORWARD 81i.190 57?8jl 3?.335 1.4?0.356 1,3i4.929 The notes form part of these financial staiement5 Paiye 7 Colonel Commandants Fund Balance Sheet 31 ￿larch 2024 ?0?4 Total funds Unrestricied funds Restricted fund 'oles funds FIXED ASSETS Investmenis 12 1 ?96.?60 iO.515 l.i26.775 1.276.151 CURREINT ASSETS Siocks l)ebiors Investments Cash ai bank and in hand ??4 ?4.471 ?9.003 ??4 ?4.803 227 14 1.874 764 16 91.096 8i,171 144.OiO ?.9?0 146.910 124.684 CREDITORS Amounis falling due M'iihin one }'ear (i? ?69) (1.100) (5).J69) (6.5.906) 91.761 1.8?0 9i.581 58.778 NET CLRRENT A(iSiETS TOT.4L.4SSF.TS LESS CLRRENT LIABILITIES l.J88.0?1 1.420.i56 1.3J4.929 INET ASSETS I,i88.0?1 3?.)35 1.4?O.J$6 1.3 j4.9?9 FUNDS lJnrL'slricied funds Resiricied funds 18 l.J88.021 1.308.113 26.816 TOTAL FUNDS CARRIED FORII'ARD 1.4?O.J56 1.3i4.929 The tinaiic ial 5talenien15 I¥'ere apprO￿.ed bi. the Board of Trusiees and authorised for issue on m.ere si(F ed on its behalf b and Trusi¢L L4 Truste Trustee The noles form pan ofihese financial slaiements coniinued Paoe 8 Colonel Commandants Fund otes to ihe Financial Stalemenls for the Year Ended 31 imarch 2024 LF.GAL FOR.M The Colonel Commandants Fund is an unincorporaied charity.. registered w'ith (he Charitw Coinmission (no. 1056704). The principal address can be found on paLie 4 ot"Ihese financial statenients. ACCOUNTING POLICIES Basis of preparing the financial slatements The tinancial stateinenis ot- the chariN'. li hich is a public benefit entit¥. under FRS I O? hai'e been prepared in accordance li iih ihL Charities SORP (FRS I O? I 'Ac¢ountin(i and Reponinl) bi CharitlL'5.' %tatemenl ot. Recommended Practice applicable to chariiies preparinu Iheir accounls in accordance 1% iih the Financial ReponinL Siand(Ird applicable in the UK and Republic of Ireland (FRS I O?) (effeciive l JanuarK. ?019)'. Financial ReportingT Standard l O? 'The Financial Reportin. to ihai ¢ipeiidiiure. il is probable ihai a iransfer of economic beneliis i1.ill be required in senlement and the amount of the Dbli(Tralion Can be measured reliabl! . Expendiiure is accounied for on an accruals basis and has been classified under headinus thal agi)reLYaic all cosl relaied io Ihe caie?oTh. Kl'here cosis cannoi be directl! allribuied io particular headin(Is the!. hai'e been allocated io actiN"ilies on a basis consisieni M iih the use of resources. Grants paN'able are accounied for on an accruals basis and are made al the discretion of Ihe Trustees. Stock5 Stocks are ￿alUed ai the loii'er of cosi and nei realisable value. afier makinu due all0￿,ance for obsolete and slow movinLP Itein5. Taxatiun The charity is exempt from tax on its chariiable aciivilies. continued Pa(ie 9 Colonel Commandant5 Fund otes to the Financial S'latemenls - eontinued for the Year Ended 31 Mi arch 2024 ACCOLi%TING POLICIF.S- conlinued Fund accounting Unrestricted tunds can be used in accordance iih the charitable objectives at the discretion of ihe trustees. Designated t-unds are amounis ￿'hICh have been put aside at the discreiion of the Trustees for a particular purpose. Resiricied funds can onli. be used for particular restricted purposes ￿'1th1n ihe objects of the charity. Restrictions arise .hen sp¢cified bi. the donor or i¥ hen funds are raised for particular restricied purposes. Further explanation of Ihe nature and purpose ofeach fund is included in the notes to the financial sthieiiient5. Penston costs and other post-retir¢m¢ni benefits The charits. operaies a defined conlribution pension scheme. Contribuiions pa%"able io Ihe charits s pension scheme are char¥ed to ihe Statemeni of Financial ActiN"ities in the period to ii,hich ihe! relaie. Cash ai bank. and in hand Cash al bank and in hand include5 cash and short temi highli liquid ini esimenis 1% iih a shon maturitN of three months or less t.rom Ihe date of acquisition or openini) of lh¢ d¢posil or similar account. Short term hi¥hl> liquid investments w iih a maiurits. date ot- longer ihan three months are held as currL'lli assel inl'eslments. Current asset ini'estments Curr¢nl asset ini esiniL1115 included in these financial statemenis are made up of amounts held in the 3.5 da￿ liquidily mana¥ier aLcouni. Debtors DLbiors are recosTrnised at ihe Settlement amouni due. Creditors Creditors are rLCOC?n i5ed i4.here the charii! has a preseni oblig&ilion resultillL froin a past ¢i'eni thai i¥ il I probabli, resuli in Ihe transfer ol. t.unds lo a third partl and Ihe amount due lo settle the obli¥aiion can be measured or estimated rel iabl!.. Creditors are recoL)nised ai ihcir sL'iilemeni amount. DONATIONS AND LEGACIES 2024 2023 r)onations Grants receivable ot7icer and Soldier ODP ?i.000 48.000 80.?77 108.154 1?8.614 continued PaLFe l O Colonel Commandants Fund 'otes to the Financial Siatements - continued for the Year Ended 31 ,March 2024 DONATIONS AND LEGACIES- conlinued G rants receii'able 2024 2023 PictLire F-und Grant Otlicers, Dinner Fund Grant RTR Evenls Fund Grant Cambrai Fund Grant 8.000 15.000 8.000 40.000 ?3.000 48.000 Officers and Soldiers ODP 2024 2023 Officers 1 1/2 d(IN'5 pa￿ scheme SNCOS 1 /2 dai's pai" scheme Soldiers I da}, pai. scheme ??.406 ??.910 ?2.916 80.31? 80.?77 OTHER TRADING ACTIVITIES 2024 2023 Other income 14.613 INVF.ST.MEYT JYCOME 2024 2023 Inwe5tment income Deposii account interesi 34.796 1.392 .3)6 36.188 continued Pave 11 Colonel Commandants Fund Notes to the Financial Statements continued for the Year Ended 31 .March 2024 RAISING FUINDS Other trading aelii'ities 2024 2023 Event Eipenditure i.002 150.8?5 Support costs- investment management 7.65i Aggregaie amounts 10.65) 159,110 GRAYTS PAYABLE 2024 2023 Grants pa! able lo institutions Grants pal'able lo Indi￿ iduals 48.777 4.490 6.74? Sj.267 69.565 The loial gyranis paid to insiiiulions duringy ihe ! ear il'as as folloi¥'s: 2024 2023 A EIF I he Soldiers Chari RTR Benevolent Fund RTR Museum Ironsides Golt" ReiJinienial Lpk'eep'mess H QaN' RAC Central Fund CommuniLdtions slraleLT Grani lo R¢iJ inienl SportinLT Excel lence 500 -foo 1.000 i.000 500 16,??7 600 2.050 16.i61 600 (? $50) 3?.797 j?.797 48.777 continued Pa£e 12 Colonel Commandants Fund Noles to the FinaneiAI Statement5 - Continued for the Yegr Ended 31 imarch 2024 SL PPORT COSTS Managemeni Other Totals Investment management cosis General 7.653 66.7i8 7.65) I ncluded in adminisiralion cosls are £7 500 (702i £2.5001 for independeni examination services provided for ihe y'ear. Support costs. included in the above. are as follo￿.5.- 20?4 Toial activities Total aciivities Generdl Wag?es and bonuses Pensions Adininisiraiii'e costs Conlin<)enc¥ fijnd Siindr)" cliaritable aciivilies 4.906 ?88 4.906 ?88 4.574 18.508 6.690 6.690 33.500 13.181 66.7i8 TRUSTEES. REMLNER.4TIOli AND BENEFITS There M'ere no iruslees. remuneraiion or oiher benefils for ihe Tr"ear ended i l March 2024 nor for the vear ended J l March 202J. Truslees, expenses Durinsy the l'ear. out of pocket expenses loiall ing £?.464 (?0? j £ l.)181 I4'"ere reimbursed to two Trustees i n respecl ot" their duties as Trustees. 10. STAFF COSTS W'alies and salaries above include oiher siatf bonuses of £670 (?02i'. £7181 in the Jear. The averagye monihl!. number of emploNees durino the N'ear i¥'as as follows: 2024 2023 Staff No emplo)'ees received emolumenls in excess of £60.000. continued Page 13 Colonel Commandant5 Fund otes lo the Financial Statements - continued for the Year Ended 31 March 2024 CO.MPARATIVES FOR THE STATEME.YT OF FINA.NCIAL ACTIVITIES Unrestricted funds Reslricled fund Total funds INCOME AND E,NDOW.MEliTS FRO.M Donations and legacies Donations and leuacies 1?8.614 128.614 Other Iradino activities Investment income i5.i04 884 36.188 Total 163.918 884 164.802 EXPEP*DITLRE OY R4iisinb l-und (158.947) (163) 1159.110) Charilable aetii'ities General 111.196 Total (270.14)) (16)) (?70.306) Net gFains on investinenls 18 j.9?9 6.488 19?.417 NF.T INCOME (?9? 154) (5.767) (797.9?1) Transfers betw'een funds Ner moiernent in funds ?9? 154) (5,767) (?97.921) RF.CONCILIAITION OF FL.NDS -rola1 lunds brouu .hi toTh¥ard 1.600.?67 1.63?.8.$0 TOTAL FLi.IDS CARRIED FORWARD l.i08.1 IJ l. J J4,9?9 The Staieinenl of Financial Activiiies shom s Ihe split bw. fund for ihe current J'ear onl).. The equivalent fund splii for the comparaiive J'ear ended ) l March 2023 is as set oul in this noie. FIXED ASSF.TS Listed inv¢siinent5 MARKF.T VALUE AL l April 207" Addiiioiis Disposals Revaluations 1 ?76.151 I I f.j94 1144.J58) Ai J l March 20?4 l.i26.775 NET BOOK VALUE At J l MarLh 2024 1.326.775 At 31 March ?02J 1.276.151 There were no investmeni assets Outside the UK. coniinued Paoe 14 Colonel Commandanls Fund otes to the Financial Sialements - conlinued for the l'ear Ended 31 March 2024 12. FIXF.D ASSET INI'ESTMENTS- continued In addition 10 rhe amounts held in fi.xed asset investrnents for shares of £1.326.775 Ihere li as an amount held in current cash accounts of £9.?1 l under cash at bank" and in hand and accrued inierest of £nil giving a total ot £1,)35.986 of lolal inwesimenis held m.ith the in&estment broker JM Finn. The Colonel Commandants Fund hold funds for ihe benefit of the Rol'al Tank Regimenl. who hold a 16.95 % share of all fixed asset investmenis held. 13. STOCKS 2024 2023 Stocks 2?4 227 14. DEBTORS: AMOLN'TS FALLI,NG DLE 14'ITHIN ONE YEAR 2024 2023 Other debiors SiatT loans 9.800 1.500 1.500 ?4.803 CURREliT AS.FiF.T IYI'EST.ME,YTS 2024 2023 3$ dai. LiquiditN Accouni share Special funds - )5 dai, Liquidii -5.930 ?4.897 -5.768 24.?17 29.986 16. CASH AT BANK AND IN HAID General tund RTE Eienis fund Picture fund Cambrai Fund Ofticers Dinner Fund Cash in hand Bil nk currenl accouni Special t.unds - current Ini'eslineni cash on deposil accouni Investment income account 9.8?? 14.451 14.?18 ?6.059 5.745 513 176 -rola1 15.567 14.964 14.i94 ?6.059 2.-501 continued Paoe 15 Colonel Commandants Fund l%otes to the Financial Siatements - continued for the Year Ended 31 March 2024 16. CAS'H AT BA.NK AND 11% HAJD- continued Rupert BroOksha￿. Sporting fund 2024 2023 Tom W'elch fund Toial t.unds Total funds ii fund Brou(¥ -hi fon¥ard Cash in hand Bank currLnt account Special funds current Investment cash on dep051t account IT)i'esimeni income account 9.8?? 7?.OC)i 4.96? 9.j?O 55? 40.961 452 21? 9.211 8.691 ?63 Total 7.075 9.772 764 91.096 83.171 17. CREDITORS: AMOUNTS FALLING DL'E WITHIN ONE YEAR 2024 2023 Granis pas'able Other crediiors 49.174 4.09) 56.417 8.684 18. MOVF.MENT IN FUNDS Tran%fer beiii L'en f'unds MO￿emen[ in funds At Ai 1.4.?3 Unrestricted funds CJ¢neral tiind RTR Events fund Picture fund Cambrai fund 011 Icers Dinner Fund Tom Welch fund 789.749 ?5.441 (4.500) -s.000 2.000 815.190 9?.06? 38.?06 li.077 17.149 JO) ??3 70.769 12.000 i40 17.998 ?8.077 14.989 3?0.?? I 75.372 {? 500) (3.000) 1.308.] li 79.908 1.388.0?1 Restricted fund5 Rupen Brook5haw Sporting Fund 26.816 5.519 TOTAL FLiNDS l.jj4,9?9 1.4?O.i.56 continued Page 16 Colonel Commandgnts Fund Il'oles lo the Financial 6it#temenis continued for the Year Ended 31 March 2024 18. MOVEME,NT IN FL'NDS.. continued Nei movement in funds. included in ihe above are as follows- Incomino resources Resources eipended Gains and I losses) Movement in funds L. nrestricted funds Gi'neral t-und RTR Eienis fund Picture l-und Qambrai tund OfFicers Dinner Fund Toin W'elcl? t.und 115.516 ( l ?0.?89) {4?6) (146) (3.00?) i4.714 ?9.941 13.1?? 1,904 12.000 86 15.001 i40 1.186 (5.145) i76 (1 ?9.i84) 13.206 17,998 4.603 79.908 154.196 55.096 Restricled fund5 Rupen Brook'shai%' Sponing Fund 5.856 (1 ?76) 9i9 5.519 TOTAL FUNDS 160.05? liO.660 56.035 Compar#tii"es for moi'ement in fund5 Nel moi'emenl in funds Transfers betii'een funds Ai 1.4?2 Al 31.i.2i Unrestricted funds GL'nL'rdl lund Coinpuier reserve RTR Events fund Piciure fund Cambrai fund Officers Dinner Fund Tom Welch fund 909.5?? (110.273) (9.500) 789.749 100.?66 {2i.956) 73.940 (9.1081 {117.499) 8) (45.i4i) (7.655 (292.1 i4) il.956 14.564 3ij.568 78.41) 1.600.267 17.149 {i.000) 70.769 l.JO8.113 Restrieled funds Rupert BroOksha￿. Sponing Fund (5.767) ?6.816 TOTAL FUNDS 1.6J 8iO 297.971 l. j)4.9?9 PaLye 17 rnntiniied Colonel Commandants Fund otes to the Financial Sratements continued ror the Year Ended 31 Nlarch 2U24 18. MOVE.MENT IN FUNDS- ¢onlinued Comparalive net movement in funds. included in th¢ above are as follo￿.$- Incominv R¢sourc¢s e.xpend¢d Gains and losse5 Moveinenl in funds resources Unrestricted funds (ieneral fund RTR Ei'ents fund PiclurL I'lind Cambrai fund Oflicers Dinner Fund Tom Welch fund I00.?OJ 10.?99 8.)9 40.889 85 9.5?6 2.Oi7 163.918 10.S.i87 464 4.407 150.876 ( l Oi.089) (1??05) (.i.560) (7.56?} {110.?7J) (?.i70) 19.108) (117.499) 85 (4$. J4.61 7.644) 1?9? 1541 {46.2?11 9.?92 118j.9?91 409 ?70.143 Restricted funds RupLrt Brookshaii. Sportino Fund 884 {6.488} (5.767) TOTAL FLIYDS 164.80? ?70.i06 19?.417 ?97.9?1 The computer reserve represents amounis ivhich have been pui aside ai the discretion of the Truslee5 for Ihe purchase of computer equipmeni. The RTR El'enis Fund represents amounts ￿'hICh 1% ill coi er major events attended b). Ihe serving, Regimeni and veterans. This il'as formerlN' k'noii'n as the Special Dinner Fund. Thl. Piclure Fund represents a fund for the purchase of major works of art and the commission of portraits of Ro! al 'l'ank RegFimenl orricers. l-h¢ C anibrai Furtd represenls amounts hich had been put aside to celebrnte this anni&ersary every. five years. The event look place in the }ear ended i l March ?023. The Tom Welch Fund represents a bequest for exploration. education and personal growih for O￿lCerS and Other Ranks of the Reuimeni. The ii fund represents a sum of moneN receii.ed from a better ihan expecled perforniance on an investmeni in a prior ! ear. This Tnone!. ￿'aS sel aside bl Irustees. Resiricied funds comprise the Rupen Brookshaii. Sporting Fund M'hich represenis reslricled capital. The fund is dedicated to sponinb aciiviii for a i oun&y R TR ol-ficer. 18. RELATED PARTI, DISCLOSURES During Ihe j'ear. a Trustee li'as VI￿"en an alloii'ance totalling £1.500 {202i'. £1.500) io cover incidenials during> ienure as Commanding O￿lcer. £1.5001?0?3: £1.500) w'as repai'able ai the end of ienure. The Charitj. 15 connected w'ith other charilies of ihe Roy'al Tank Re£iment as disclosed in the Annual Report of the T"ruslees. Material Iransactions consisled ot- a £N il urani {?023 - £1.000) paid to Ihe Roi.'al Tank Re(Fiinent Benevoleni l.'und in ihe N ear. The Colonel Commandant Fund a150 rCcci￿L.d uranis ioiallinv £?(l.0(1111211?3: £?o.0001 trom ihe Ro)ai Tank Regiment Benevolenl Fund and £i.000 (20?j £? 000) froin the Ro)'al Tank ReiTrjinenl Association. Pa£e 18