# 



|Charity Commission|Charity Commission|Scheme|The<br>Grenadier<br>Guards|Charity<br>was|Charity<br>was|Charity<br>was|Charity<br>was|Charity<br>was|formed|formed|formed|formed|by a Charity|Commission|Commission|Commission|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Schetne<br>dated<br>17 September||||2015||which|||merged<br>the Grenadier|||Guards||
||||Regimental<br>mtd<br>Battalion||Charity,||||The||Grenadier<br>Guards|||2"|Battalion||
||||Suspended<br>Animation|Charity,||||The||Grenadier<br>Guards||||3'"|Battalion||
||||Suspended<br>Animation|Charity|||and|Tbc||Grenadier<br>Guards<br>Rcghuental||||||and|
||||Battalion<br>Relief Charity.||The||Srheme||||took||effect<br>on<br>I|Januaiy||2016|
||||following<br>which the assets||and||liabilities||||of|The Regimental||and|Battalion||
||||Charitics<br>of tbe<br>Grenadier||||Guards|||Common<br>Investment||||Fund||were|
||||transferred<br>to the new charity|||and that|||charity|||closed,|||||
|Kx-officio|Trustee||Thc Regimental<br>Lieutenant||Colonel|||ofthe Grenadier<br>Guards|||||||||
||||(Major General C RV|Walker||DSO)|||||||||||
|Co-opted Trustees|||Brigadier DJ H Madden||||||||||||||
||||Captain<br>C A G Bemsett||||||||||||||
||||Lieutenant<br>General Sir|George|||Norton||I&.CVO||||CBE||||
||||The Rt Hon The Earl ofDerby,||||DL||||||||||
|Election|||,Replacement<br>Co-opted|Trustees|||arc|appointed|||||by the Trustees||||
|Regimental|Adjutant||Major JPW Gatehouse||||||||||||||
|Treasurer|||Major A J Green||||||||||||||
|Address|||Wellington<br>Barracks||||||||||||||
||||Birdcage Walk||||||||||||||
||||London SWIE6HQ||||||||||||||
|Registered|Charity Number||1062257||||||||||||||
|Bankers|||Lloyds TSBBank Plc|||Auditors|||||||SaA'ery Champncss||LLP||
||||Cox's &King' s<br>P0 Box 1000||||||||||71 Queen Victoria Street<br>London EC4V 4BE||||
||||A»Clover||||||||||||||
||||BXI I ILT||||||||||||||
|Solicitors|||Wrigleys Solicitors LLP|||Investment|||||||Cazenove<br>Capital||||
||||19Cookridge Street|||Managers|||||||Management<br>Limited||||
||||Leeds LS2 3AG||||||||||12Moorgate||||
||||||||||||||London<br>EC2R|6DA|||
|Propedy Managers|||The Fledley Foundation||||||||||P J Smith Associates||||
||||I College Hill||||||||||The Old Place,|Lockpath|||
||||London<br>EC4R 2RA||||||||||Dorney, Windsor<br>SL4 6QQ||||





## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 



## 

## 

## 

## 



## 

## 



## 

## 



## 

|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||Notes||||
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|||
|Income from:||||||||
|Donations<br>and|legacies|||47,236|67,796|115,032|iI43,946|
|Trading activities||||15,049|29,037|44,086|24,269|
|Investmenls||||179,545|65,085|244,630|336,269|
|Total income||||241,830|161,918|403,748|504,484|
|Expenditure<br>on:||||||||
|Raising funds||||74,535|19,616|94,151|128,419|
|Charitable<br>activities||||298,607|261,768|560,375|578,733|
|Total resources|expended|||373,142|281,384|654,526|707,152|
|)6Iet (expenditure)||||(131,312)|(119,466)|(250,778)|(202,668)|
|Other recognised||gains|and losses|||||
|Realised and unrealised|||gains/|13||||
|(losses):||||||||
|on 2nvestnlents||||360,685|239,057|599,742|'!,024,200|
|on pfopert3'||||(359,958)|(75,042)|(435,000)||
|Net (expenditure)/income||||(130,585)|44,549|(86,036)|821,532|
|Trausfers<br>between||funds||14 ~366,263|368,293|||
|Net movement|in|funds||(498,878)|412,842|(86,036)|821,532|
|Funds balance|brought||forward|7,135,227|3,444,023|]0,579,250|9,757,718|
|Funds balance|carried||forward|6,636,349|3,856,865|10,493,214|10,579,250|





## 


## 



## 

||||||2020|2019|
|---|---|---|---|---|---|---|
|Net cash (used)/provided|by operating|activities (see|||||
|note below)|||||(515,670)|(540,023)|
|Casli flows from investing|activities||||||
|Investment<br>income|||||244,630|336,269|
|Pui'rhsse oftangible<br>fixed assets<br>Proceeds fiom disposals<br>ol'fixed assets<br>Purchase ofinvestments<br>Proceeds on disposal ofinvcstmcnt|||||(2,950)<br>(2,067,016)<br>2,368,9G3|(11,423)<br>1,750<br>(1,340,344)<br>1,579,717|
|Net cash provided/(used)|by investing|activities|||543,627|565,969|
|Change in cash and cash|equivalents|in the|year||27,957|25,946|
|Cash and cash equivalents|at I January||||55,023|29,077|
|Cash and cash equivalents|at31Itecember||||82,980|55,023|
|NOTK|||||2020|2019|
|Reconciliation ofnet (expenditure)/income|||to net||||
|cash flow from operating|activities||||||
|Net (expenditure)/income|for the reporting||period|as|||
|per the statement offlnaucial<br>activities|||||(86,036)|821,532|
|Adjustmeuts<br>for|||||||
|Depreciation<br>charges|||||3,072|2,618|
|Realised/unrealised<br>(gains)/losses<br>on investments|||||(599,742)|(1,024,200)|
|Unrealised<br>losses on propeity|||||435,000||
|Investment<br>income|||||(244,630)|(336,2G9)|
|Decrease in stock|||||60|524|
|Decrease/(increase)<br>m debtors|||||47,058|(58,715)|
|(Decrease)/increase<br>in creditors|||||(70,452)|54,487|
|Net cash provided<br>by operating<br>activities|||||515,670|(540,023)|
|Analysis ofcash and cash|equivalents||||||
|||||At I January|Movement|At 31|
|||||2020|in thc year|December 2020|
|||||g|||
|Cash at bank and in hand||||55,023|27,957|82,980|





## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricterl||Restricted|Total|Total|
|||||||||8|
|One Day's Pay Scheme||||||46,150|46,150|45,081|
|Donations —Colonel's||Fund||||21,646|21,646|50,972|
|Donations<br>-other|||||47,236||47,236|47,893|
||||||47,236|67,796|115,032|143,946|
|Trading activities|||||||||
||||||||2020|2019|
|||||Unrestricted||Restricted|Total|Total|
|Band Fund income<br>Colonel's<br>l.und fundraising|||||179|29,037|179<br>29,037|1,804<br>12,700|
|Sale ofregimental|goods||||14,870||14,870|9,765|
||||||15,049|29,037|44,086|24,269|
|nvestment<br>income|||||||||
||||||||2020|2019|
|||||Unrestricted||Restricted|Total|Total|
|Dividends|||||49,896|25,686|75,582|101,074|
|Dividends —Colonel's||Fund||||39,399|39,399|52,105|
|Rental income|||||129,635||129,635|182,189|
|Deposit interest|||||14||14|901|
||||||179,545|65,085|244,630|336,269|
||||||||2020|2019|
||||||||f.||
|Rents raceivab!e:|||||||||
|10 High Street, Tenterden,|||Kent||||56,554|68,027|
|7 and 15 Iligh Street, Wi|||nborne, Dorset||||37,167|75,060|
|Land at Middk Oreen,||Langlcy, Slough,|||Berkshire||2,650|2,650|
|Sherbonte|||||||31,264|33,685|
|Other income —wayleave|||rent/grazing|land rent|||2,000|2,167|
||||||||129,635|182,189|



## 

## 



## 

|5.|Raising funds|Raising funds||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|||||||Unrestricted|Restricted|Total|Total|
||Colonel's|f'und fundraising||||||||
||expenses||||||3,960|3,960|5,620|
||Cost oi'regimental||goods||sold|23,133||23,!33|19,736|
||Band Fund|expenditure||||1,610||1,610|3,017|
||investment|management|||fees|29,435|15,696|45,091|45,023|
||Rental expenses|||||20,357||20,357|55,023|
|||||||74,535|19,616|94,151|128,419|
|6.|Charitable|activities||||||||
|||||||||2020|2019|
|||||||IInrestricted|Restricted|Total|Total|
|||||||8||||
||Grants and|donations||(note 7)||118,731|203,543|322,274|350,481|
||Support costs (note||8)|||179,876|58,225|238,101|228,252|
|||||||298,607|261,768|560,375|578,733|





## 

|7.|Grants and donatious||||||
|---|---|---|---|---|---|---|
||||2020|2020|2019|2019|
|||||Total||Total|
||Unrestricted<br>specific:||||||
||Adventure<br>and individual|training:|||||
||Battalion/Company||100||800||
||ONcers'<br>welfare: Battalion messes||10,000||10,000||
||Sports, recreation<br>and other||||||
||activities: Battalion/Company||47,000||41,900||
||Welfare grants —serving soldiers:||||||
||Education||300||600||
||Charitable<br>donations||240||3,740||
||Recruiting<br>and publicity||3,781||3,799||
|||||61,421||60,839|
||Unrestricted<br>other grants;||||||
||Queen's Guard subsidy||1,610||1,953||
||First Guards Club||'2,500||||
||Sergeants'<br>(Past and Present) Club||1,750||||
||ABFThe Soldiers' Clarity||11,500||8,000||
||Lieutentult<br>Colonel's Contingency||||||
||Fund||11,450||||
||Penn k Fagan awards||||1,361||
||Special Events||||27,216||
||Other grants||28,500||20,079||
|||||57,310||58,609|
||Total unrestricted|||118,731||119,448|
||Restricted:||||||
||Welfare grant to Association||50,004||50,004||
||Colonel's<br>I'und (includhlg|casualty|153,539||181,029||
||support)||||||
||Total restricted|||203,543||231,033|
|||||322,274||350,48'1|





## 

|8.|Support costs|||||||
|---|---|---|---|---|---|---|---|
|||||2020|2020|2019|2019|
||||||Total||Total|
||Administration:|||||||
||Printin&i, postage and||stationery|2,756||4,375||
||Staffcosts|||106,048||121)916||
||Accounting<br>support, tax and other|||26,964||19,479||
||advice|||||||
||GDPR project|||3,561||1,528||
||MIsce Ilaneous|||14,242||9,933||
||Audit and accountancy|||18,990||19,480||
||Legal and professional||fees|165||1,817||
||||||172,726||178,528|
||Regimental<br>property:|||||||
||Repairs, maintenance||etc|20,359||15,270||
||Insulance|||4,350||4, 198||
||Leased vehicle|||5,898||5,523||
||Valuation ofproperty|||425||||
||Depreciation|||2,668||2,378||
||Provision<br>for doubtful||debts|23,764||||
||||||57,464||27,369|
||Rcgimemal<br>commitmcnts:|||||||
||Grenadier<br>Day|||||5,950||
||Remembrance|Day||441||7,030||
||Travel! ing and|entertaining||2,716||6,957||
||Presentations|||4,754||2,418||
||||||7,911||22,355|
||||||238,101||228,252|





## 

## 

|||2020|2019|
|---|---|---|---|
|Wages||136,359|150,598|
|Social Security||6,310|7,418|
|Pension Costs||1,564|I,SSI|
|||144,233|I59,567|
|Allocated to:||||
|Grants and donations|(note 7)|38,185|37,651|
|Support costs (note|8)|106,048|121,916|
|||144,233|159,567|



## 

## 

|||2020|2019|
|---|---|---|---|
|Audit fees||14,450|13,000|
|Account'mg|suppoit|2,110|4,260|
|Taxation and other advice||2,430|2,220|
|||18,990|19,480|



## 

|he<br>Charily<br>had<br>the<br>following<br>commitments<br>und<br>Decembm 2020:|er<br>non-cancellable<br>operating<br>leases|as at 31|
|---|---|---|
||2020|2019|
||8||
|Payable in:|||
|Less than one year|3,271|7,104|
|Between two and five years||3,082|
||3,271|10,186|





|Tangible fixed assets||||||||
|---|---|---|---|---|---|---|---|
|||||Furniture||||
|||Pictures,||fixtures||Band||
|||Silver,|etc|de equipment||instruments|Total|
|Cost||||||||
|At<br>1 Januaiy 2020||679,869||60,678||89,843|830,390|
|Additions||||2,950|||2,950|
|At 31December 2020||679,869||63,628||89,843|833,340|
|Depreciation||||||||
|At<br>1 Januaiy 2020||||53,660||89,439|143,099|
|Charge for the year||||2,668||404|3,072|
|At 31December 2020||||56,328||89,843|146,171|
|Net book value||||||||
|At 31December 2020||679,869||7,300|||687,169|
|At 31December 2019||679,869||7,018||404|687,291|
|Regimental<br>property<br>(excluding<br>f5,039,874(2019:f5,039,874).||Band|Fund|prope&xy)|is|currently|insured<br>for|





## 

|Total investments<br>at market value|Total investments<br>at market value|at the year end are:|||
|---|---|---|---|---|
||||2020|2019|
|Land and Propeity|||1,83 5,000|2,270,000|
|Managed<br>Portfolio ofquoted|investments||5,397,856|5,182,176|
|Colonel's<br>Fund quoted<br>investments|||2,536,731|2,454,616|
|Total investments<br>held atyear||end|9,769,587|9,906,792|
|Freehold interest in laud and|buildings||||
||||2020|2019|
||||g||
|10 High Street Tenterden, Kent|||725,000|900,000|
|7 and 15 High Street, Wimborne,||Dorset|740,000|900,000|
|Sherborne|||300,000|400,000|
|Land at Middle Green —Grazing||land|70,0GG|70,000|
|Total|||1,835,000|2,270, GGG|
|Market value at 31 December|2019||2,270,000|2,270,000|
|Costs ofadditions|||||
|Revalued<br>in the year|||(435,000)||
|Market value at 31 December|2020||1,835,000|2,270,000|





## 

|Investments<br>(continued)||||||
|---|---|---|---|---|---|
|Managed Portfolio ofquoted|investments|||||
|||2020||2019||
||Cost|Market|Cost||Market|
|||vshae|||value|
|||g||||
|Fixed Interest||||||
|United<br>Kingdom|1,509,087|1,615,510|1,589,597||1,814,026|
|Other International|70,040|82,912|81,401||80,715|
|Kquities||||||
|United Kingdom|851,521|1,003,993|798,599||945,427|
|Other International|1,942,581|2,574,343|1,852,571||2,254,G I9|
|Cash||||||
|United Kingdom|121,098|121,098|87,389||87,389|
|Total Assets|4,494,327|5,397,856|4,409,557||5,182,176|
|Market value at 31 December|2019|5,182,176|||4,613,773|
|Acquisitions||1,468,905|||935,335|
|Disposals<br>Investment<br>gains||(1,693,4]3)<br>4140,188||(1,079,874)<br>7i2,942||
|Market value at3IDecember 2020||5,397,856|||5.182,!7G|





## 

## 

|Colonel's<br>Fund quoted investments|Colonel's<br>Fund quoted investments||||||
|---|---|---|---|---|---|---|
||||2020||201.9||
|||Cost||Market|Cost|Market|
|||||value||value|
|Fixed Interest|||||||
|United Kingdom||639,311||684,048|687,438|782,961|
|Other International||78,i55||89,144|63,974|67,834|
|Equities|||||||
|United Kingdom||239,653||257,994|338,107|398,030|
|Other International||904,599||1,234,218|754,287|946,608|
|Property|||||||
|Charities<br>Property|Fund|144,506||i95,275|144,506|202,569|
|Cash|||||||
|United<br>Kingdom||76,052||76,052|56,614|56,614|
|Total Assets||2,082,276||2,536,731|2,044,926|2,454,616|
|Market value at 31|December 2019|||'2,454,616||2,238,192|
|Acquisitions||||598,111||405,009|
|13isposals||||(675,550)||(499,843)|
|Inveshnent<br>gains||||159,554||311,258|
|Marl&et value at 31|December 2020|||2,536,731||2,454,616|





## 

|||Relief in|||
|---|---|---|---|---|
|||Need|Colonel' s|2020|
|||FundI|Fund|Total|
|Balance at 1 January 2020||989,407|2,454,G16|3,444,023|
|Income||71,835|90,083|161,918|
|Fxpenditure||(114,365)|(167,0 1.9)|(281,384)|
|Gains and Losses||4,461|159,554|164,015|
|Transfers<br>between|funds|345,243|23,050|368,293|
|Balance at 31December 2020||1,296,581|2,5G0,284|3,856,865|



|nds fallowing<br>a re|view offund balances,||||
|---|---|---|---|---|
|||Relief in|||
|||Need|Colonel' s|2019|
|||Fund|Fund|Total|
|Balance at I January 2019||889,871|2,238,192|3,128,063|
|Income||]OG,751|103,077|209,828|
|Expenditure||(G2,481)|(197,911)|(260,392)|
|Gains and Losses||122,990|311,258|434,248|
|Transfers<br>between|funds|(67,724)||(67,724)|
|Balance at 31December 2019||989,407|2,454,616|3,444,023|





## 

|||||2020|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||E|f,|6|
|Tangible|Fixed Assets|687,169||687,169|
|Investments||5,984,384|3,785,203|9,769,587|
|Net Current Assets /(Liabilities)||(35,204)|7I,662|36,458|
|||6,636,349|3,856,865|10,493,214|
|||||2019|
|||Unrestrir ted|Restricted|Total|
|||||g|
|Tangible|I'ixed Assets|687,291||687,291|
|Investments||6,162,645|3,744,147|9,906,792|
|Net Current Assets /(Liabilities)||285,291|(300,124)|(14,833)|
|||7,135,227|3,444,023|10,579,250|





## 

||||Unrestricted|Restricted|2019|
|---|---|---|---|---|---|
||||Funds|Funds|Total|
|Income from:||||||
|Donations<br>and legacies|||47,893|96,053|]43,946|
|Trading activities|||11,569|12,700|24,269|
|Investments|||235,194|101,075|336,269|
||||294,656|209,828|504,484|
|Total||||||
|Expenditure<br>on.||||||
|Raising funds|||i05,540|22,879|128,419|
|Charitable<br>activities|||34],220|237,513|578,733|
|Total resources expended|||446,760|260,392|707,152|
|141et (expend itu re'I|||(152,104)|(50,564)|(202,668)|
|Other recognised|gains|and tosses||||
|Realised and unrealised||gains/(losses):||||
|on loves(nlell'ts|||589,952|434,248|1,024,200|
|on propert)7||||||
|Nct (expenditure)|||437,848|383,684|821,532|
|TIansfers between|funds||67,724|~67,724||
|Net movement<br>in|funds||505,572|315,960|821,532|