#
|Charity Commission|Charity Commission|Scheme|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|The Grenadier
Guards
Charity
was
formed
by a Charity
Commission|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Scheme
dated
17 September||2015 which||||merged
the Grenadier||Guards||
||||Regimental
and Battalion|Charity,||The||Grenadier
Guards
2||Battalion|||
||||Suspended
Animation
Charity,|||The||Grenadier
Guards
3u||Battalion|||
||||Suspended
Animation
Charity
Battalion
Relief Charity.
The||and The Grenadier
Guards
Regimental
Scheme
took etfect on
1 January|||||||and
2016|
||||following
which the assets and
Charities
of the
Grenadier||liabilities ofThe Regimental
and Battalion
Guards
Common
Investinent
Fund
were||||||||
||||transferred
to the new charity and that charity||||||closed,||||
|Ex-ollicio|Trustee||The Regimental
Lieutenant|Colonel||ofthe Grenadier Guards|||||||
||||(Lieutenant
General C RV|Walker||DSO)|||||||
|Co-opted|Trustees||Brigadier DJH Madden, DL||||||||||
||||Captain C A G Bennett||||||||||
||||Lieutenant
General Sir George Norton KCVO
CBE||||||||||
||||The Rt Hon The Earl ofDerby,||DL||||||||
|Election|||Replacement
Co-opted Trustees||are|appointed|||by the Trustees||||
|Regimental|Adjutant||Major JPW Gatehouse||||||||||
|Treasurer|||Majoi' AJGreen||||||||||
|Address|||Wellington
Barracks||||||||||
||||Birdcage Walk||||||||||
||||London SW1E6HQ||||||||||
|Registered|Charity Number||1062257||||||||||
|Bankers|||Lloyds TSBBank Plc
Cox's4 King' s
P0Box 1000|Auditors|||||Saffery Champness
LLP
71 Queen Victoria Street
London EC4V4BE||||
||||Andover||||||||||
||||BX111LT||||||||||
|Solicitors|||Wrigleys Solicitors LLP|Investment|||||Cazenove Capind||||
||||19Cookridge Street|Managers|||||Management
Limited||||
||||Leeds LS23AG||||||12Moorgate||||
||||||||||London
EC2R6DA||||
|Property Managers|||The Hedley Foundation||||||PJSmith Associates||||
||||1 College Hill
London
EC4R2RA||||||The Old Place, Lockpath
Dorney, Windsor
SL46QQ||||
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||g||
||||||Vnrestricted|Restricted|Total|Total|
||||||Funds|Funds|||
|Income from:|||||||||
|Donations
and legacies
Trading activities
investments||||2
3
4|46,169
10,641
137,515|96,853
80,229
61,904|143,022
90,870
199,419|115,032
44,086
244,630|
|Total income|||||194,325|238,986|433,311|403,748|
|Expenditure
on;|||||||||
|Raising funds
Charitable
activities||||5
6|79,965
255,058|30,917
262,453|110,882
517,511|94,151
560,375|
|Total resources|expended||||335,023|293,370|628,393|654,526|
|hlet expenditure
movements||before|investment||(140,698)|(54,384)|(195,082)|(250,778)|
|Other recogaised||gains|and losses||||||
|Realised and unreslised|||gains/|13|||||
|(losses):|||||||||
|on investments|||||534,449|304,789|839,238|599,742|
|on properly|||||37,237|7,763|45,000|(435,000)|
|Net income/(expenditare)|||||430,988|258,168|689,156|(86,036)|
|Transfers
between||funds||84|~48506|48506|||
|Net movement|in|funds|||382,482|306,674|689,156|(86,036)|
|Funds balance|brought||forward||6,636,349|3,856,865|10,493,214|10,579,250|
|Funds balaace|carried forward||||7,018,831|4,163,539|11,182,370|10,493,214|
##
|||2021|2021||2020|
|---|---|---|---|---|---|
||Notes||8|||
|Irixed assets||||||
|Tangible fixed assets|12||691,998||687,169|
|Investmeiits|13||10,348,800||9,769,587|
||||11,040,798||10,456,756|
|Current assets||||||
|Stocks||3,172||3,221||
|Sundry debtors||39,513||27,579||
|Cash at bank and in hand||160,398||82989||
|||203,083||113,780||
|Current liabilities||||||
|Sundry creditors||(61,511)||(77,322)||
|Net current assets/(tiabihties)|||141,572||36,458|
|Net assets|||11,182,370||10,493,214|
|Funds||||||
|Restricted funds:||||||
|Relief in Need|||1,371,975||1@96,581|
|Colonel's Fund|||2,791,564||2,560384|
|Unrestricted
funds|||7,018,831||6,636,349|
||||11,182,370||10,493,214|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||f,|
|Net cash (used)/provided|by operating|activities (see|||||
|note below)|||||(419,427)|(515,670)|
|Cash flows from investing|activities||||||
|Investment
income|||||199,419|244,630|
|Purchase oftangible fixed|assets||||(7,599)|(2,950)|
|Proceeds fmm disposals oflixed assets|||||||
|Purchase ofinvesi'ments|||||(1,531,532)|(2,067,016)|
|Proceeds on disposal ofinvestment|||||1,836 557|2 368963|
|Net cash provided/(used)|by investing|activities|||496,845|543,627|
|Change in cash and cash|equivalents|in the|year||77941$|27„0157|
|Cash and cash equivalents|at 1 January||||82 980|55 023|
|Cash and cash equivalents|at31December||||160+98|82,9$0|
|NOTE|||||2021|2020|
|Reconciliation ofuet (expenditure)/income|||to net||||
|cash flow from operating|activities||||||
|Net (expenditure)/income|for the reporting||period|as|||
|per the statement offlnancial activities|||||689,156|(86,036)|
|Adjustments
for|||||||
|Depreciation
charges|||||2,770|3,072|
|Realised/unrealised
(gains)/losses
on investments|||||(839,238)|(599,742)|
|Unrealised
(gains)/losses
on property|||||(45,000)|435,000|
|Investment
income|||||(199,419)|(244,630)|
|Decrease in stock|||||49|60|
|Decrease/(increase)
in debtors|||||(11,934)|47,058|
|(Decrease)/increase
in creditors|||||(15,811)|(70,452)|
|Net cash provided
by operating
activities|||||419427|515,670|
|Analysis ofcash and cash|equivalents||||||
|||||At 1January|Movement|At 31|
|||||2021|in the year|December 2021|
|||||K|||
|Cssb at bank snd in hand||||82980|77,418|160,398|
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|2,|Donations
and legacies|Donations
and legacies||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||||||Unrestricted||Restrictedf|Totalf|Total|
||One Day's Pay Scheme||||||51,313|51,313|46,150|
||Donations —Colonel's Fund||||||45,540|45,540|21,646|
||Donations - other|||||46,169||46 169|47,236|
|||||||46,169|96,853|143,022|115,032|
|3,|Trading activities|||||||||
|||||||||2021|2020|
||||||Unreshictcd
f||Restrictedf|Total
f|Total|
||Band Fund income|||||182||182|179|
||Colonel's Fund fundraising
Saleofregimental
goods|||||10,459|80/29|80,229
10,459|29,037
14,870|
|||||||10,641|80,229|90,870|44,086|
|4.|Iavestment
income|||||||||
|||||||||2021|2020|
|||||Unrestrictedf||||Total|Total|
||Dividends|||||39,355|8,135|47,490|75,582|
||Dividends —Colonel's Fund||||||33,308|33,308|39,399|
||Rental income|||||98,147|20,461|118,608|129,635|
||Deposit interest|||||13||13|14|
|||||||137,515|61,904|199,419|244,630|
|||||||||2021f|2020
f.|
||Rents receivable:|||||||||
||10High Street, Tenterden,||Kent|||||53,167|56,554|
||7 and 15 High Street, Wimborne,|||Dorset||||50,479|37,167|
||Land at Middle Green, Lsngley,|||Siough,||Berkshire||2,650|2,650|
||Sherborne|||||||10,312|31,264|
||Other income —wayleave||rent/grazing||land rent|||2L000|2,000|
|||||||||118,608|129,635|
##
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Unrestrictedf|Restricted|Totalf|Totalf|
|Colonel's|Fund fundraising||||||||
|expenses||||||20,607|20,607|3,960|
|Cost ofregimental||goods||sold|27,982||27,982|23,133|
|Bund Fund|expenditure||||2,530||2,530|1,610|
|investment|management|||fees|40,982|8,544|49,526|45,091|
|Rental expenses|||||8471|I 766|10,237|26 367|
||||||79,965|30,917|110,882|94,151|
|haritable|activities||||||||
||||||||2021|2020|
||||||Unrestrictedf|Restricted|Total|Total|
|Grants and|donations||(note 7)||108,337|189,778|298,115|322,274|
|Support costs (note|||8)||146721|72,675|219,396|238,101|
||||||255,058|262,453|517,511|560,375|
##
|7,|Grants aml donations|||||||
|---|---|---|---|---|---|---|---|
||||||2021|2020|2020|
||||||Total||Total|
||||||||K|
||Unrestricted
specific:|||||||
||Adventure
and individual|training:||||||
||Battalion/Company|||4,400||100||
||Officers' welfare: Battalion||masses|10,000||10,000||
||Sports, recreation and other|||||||
||activities: Battalion/Company|||47,000||47,000||
||Welfare grants —serving soldiers:|||||||
||Education|||1,550||300||
||Charitable
donations|||290||240||
||Recruiting
and publicity|||5217||3 781||
||||||68,457||61,421|
||Unrestricted
other grants:|||||||
||Queen's
Guard subsidy|||1,498||1,610||
||First Guards Club|||||2,500||
||Sergeants' (Past and Present) Club|||1,750||1,750||
||ABFThe Soldiers' Charity|||7,500||11,500||
||Lieutenant
Colonep sContingency|||||||
||Fund|||15,632||11,450||
||Penn
411Fagan awards|||||||
||Special Events|||||||
||Other grants|||13,500||28,500||
||||||39,880||57318|
||Total unrestricted||||108,337||118;731|
||Restricted:|||||||
||Welfare grant to Association|||30,000||50,004||
||Colonel's Fund (including||casualty|159,778||153,539||
||support)|||||||
||Total restricted||||189,778||203,543|
||||||298,115||322,274|
##
|8.|Support costs|||||||
|---|---|---|---|---|---|---|---|
|||||2021|2021|2020|2020|
||||||Total||Total|
||Administration:|||||||
||Printing,
postage and||stationery|3,735||2,756||
||Staffcosts|||110,776||106,048||
||Accounting
support, tax and other|||31,918||26,964||
||advice|||||||
||GDPR project|||1/36||3,561||
||Computer|||9,592||14,242||
||Audit and accountancy|||19,580||18,990||
||Legal and professional||fees|||165||
||||||176,837||172,726|
||Regimental
property:|||||||
||Repairs, maintenance||etc|20,219||20,359||
||Insurance|||5,058||4,350||
||Ieased vehicle|||(555)||5,898||
||Valuation ofproperty|||7,129||425||
||Depreciation|||2,770||2,668||
||Provision for doubtful||debts|||23,764||
||||||34,621||57,464|
||Regimental
commitments:|||||||
||Grenadier
Day|||317||||
||Remembrance|Day||471||441||
||Travelling
and|entertaining||4,206||2,716||
||Presentations|||2,944||4,754||
||||||7,938||7,911|
||||||219,396||238,101|
##
##
##
|||2021|2020f|
|---|---|---|---|
|Wages||1.40,524|136,359|
|Social Security||5,172|6,310|
|Pension Costs||3,431|1,564|
|||149,127|144,233|
|Allocated to:||||
|Grants and donations|(note 7)|38,351|38,185|
|Support costs (note 8)||110,776|106,048|
|||149,127|144,233|
##
##
|||2021f|2020
f,|
|---|---|---|---|
|Audit fees||15,575|14,450|
|Accoundng|support|1,400|2,110|
|Taxation and other advice||1,605|2,430|
|||18,580|18,990|
##
|he
Charity
had
the
following
commitments
und
December 2021:|er
non-cancellable
operating
leases|as at 31|
|---|---|---|
||2G21f|2020|
|Payable in:|||
|Less than one year|6,025|3,271|
|Between two and five years|9540||
||15,565|3,271|
##
|angible fixed assets|||||
|---|---|---|---|---|
|||Furniture|||
||Pictures,|fixtures|Band||
||Silver, etc
8|dr equipment
0|instruments
8|Totalf|
|Cost|||||
|At 1 January 2021|679,869|63,628|89,843|833,340|
|Additions|5,464|2, 135||7,599|
|At 31December 2021|685,333|65,763|89,843|840,939|
|Depreciation|||||
|At 1 January 2021||56,328|89,843|146,171|
|Charge for the year||2,770||2,770|
|At 31December 2021||59,098|S9,843|148,941|
|Net book value|||||
|At31December 2021|685,333|6,665||691,998|
|At 31December 2020|679,869|7,300||687,169|
|13.|Investments|||
|---|---|---|---|
||Total investments
at market value at the year end are:|||
|||2021|2020|
||Land and Property|1,880,000|1,835,000|
||Managed Portfolio ofquoted investments|5,764,605|5397,856|
||Colonel's Fund quoted investments|2,704,195|2,536,731|
||Total investments
held at year end|10,348,800|9,769,587|
||Freehold interest in land and bnildings|||
|||2021|2020|
||10High Street Tenterden,
Kent|770,000|725,000|
||7 and 15High Street, Wimborne,
Dorset|770,000|740,000|
||Sherborne|270,000|300,000|
||Land at Middle Green —Grazing land|70,000|70,000|
||Total|1,880,000|1,835,000|
||Market value at 31 December 2020|1,835,000|2,270,000|
||Costs ofadditions|||
||Gain/(Loss)
on revaluation|45,000|(435,000)|
||Market value at 31 December 2021|1,880,000|1,835,000|
##
|Investmeats
(continued)|Investmeats
(continued)|||||
|---|---|---|---|---|---|
|Managed Portfolio ofquoted investmeuts||||||
|||2021||2020||
||Cost|Market|Cost||Market|
|||value|||value|
|Fixed Interest||||||
|United Kingdom|1,230,081|1,463486|1,509,087||1,615,510|
|Other International|274,799|264,341|70,040||82,912|
|Equities||||||
|United Kingdom|559,149|690,294|851,521||1,003,993|
|Other International|2,25 1,894|3,120,513|1,942,581||2,574,343|
|Cash||||||
|United Kingdom|226,172|226,172|121,098||121,098|
|Total Assets|4,542,095|5,764,606|4,494,327||5,397,856|
|Market value at 31December 2020||5,397,856|||5,182,176|
|Acquisitions||1,034,501|||1,468,905|
|Disposals||(1,254,452)|||(1,693,413)|
|Investment
gains||586,701|||440,188|
|Market value at31December 2021||5,764,606|||5,397,856|
##
##
|lonel's Fund quot|ed investments||||||
|---|---|---|---|---|---|---|
||||2021||2020||
|||Cost||Market|Cost|Market|
|||||value||value|
|||g|||||
|Fixed Interest|||||||
|United Kingdom||530,997||630,629|639,311|684,048|
|Other International||132,823||138,008|78,155|89,144|
|Equities|||||||
|United Kingdom||237,412||291,974|239,653|257,994|
|Other International||928,683||1,318,699|904,599|1,234+18|
|Property|||||||
|Charities Properly|Fund|144,506||2]5,739|144,506|195,275|
|Cash|||||||
|United Kingdom||109,146||109,146|76,052|76,052|
|Total Assets||2,083,567||2,704, 195|2,082,276|2,536,731|
|hlsrhet value at 31December 2020||||2,536,731||2&454&616|
|Acquisitions||||497,031||598,111|
|Disposals||||(582,104)||(675,550)|
|Investment
gains||||252,537||159,554|
|Market value at31December 2021||||2,704,195||2,536,731|
##
##
||Relief in|||
|---|---|---|---|
||Need|Colonel's|2021|
||Fund|Fund|Total|
|||8|8|
|Balance at 1 January 2021|1,296,581|2,560,284|3,856,865|
|Income|79,910|159,076|238,986|
|Expenditure|(112,985)|(180,385)|(293,370)|
|Gains and Losses|60,015|252,537|312,552|
|Transfers between funds|48,454|52|48,506|
|Balance at 31December 2021|1,371,975|2,791,564|4,163,539|
|ds made in the pri|or year which is not consi|dered
material to the finan|cial statements.||
|---|---|---|---|---|
|||Relief in|||
|||Need|Colonel' s|2020|
|||Fund|Fund|Total|
|Balance at 1 January 2020||989,407|2,454,616|3,444,023|
|Income||71,835|90,083|161,9]8|
|Expenditure||(114,365)|(167,019)|(281,384)|
|Gains and Losses||4,461|159,554|164,015|
|Tnmsfers
between|funds|345,243|%,050|368,293|
|Balance at31December 2020||1,296,581|2,560,284|3,856,865|
##
|Assets between funds||||
|---|---|---|---|
||||2021|
||Unrestricted|Restricted|Total|
|Tangible Fixed Assets|691,998||691,998|
|Investments|6,325,834|4,022,966|10,348,800|
|Net Current Assets /(Liabilities)|999|140,573|141,572|
||7,010,031|4163,539|11,102,370|
||||2020|
||Unrestricted|Restricted|Total|
||f,|||
|Tangible Fixed Assets|687,169||687,169|
|Investments|5,984,384|3,785,203|9,769,587|
|Net Current Assets /(Liabilities)|(35,204)|71,662|36,458|
||6,636349|3 856,865|10,493 214|
##
##
##
##
||||Unrestricted||Restricted|2020|
|---|---|---|---|---|---|---|
||||Funds||Funds|Total|
||||g||||
|Income from:|||||||
|Douatious
and legacies|||47,236||67,796|115,032|
|Trading activities|||15,049||29,037|44,086|
|Investments|||179,545||65,085|244,630|
||||241,830||161,918|403,748|
|Total|||||||
|Expenditure
on:|||||||
|Raising funds|||74,535||19,616|94,151|
|Charitable
activities|||298,607||261,768|560,375|
|Total resources expended|||373,142|'|281,384|654,526|
|Net (expenditure)|||(131,312)||(119,466)|(250,778)|
|Other recognised|gains|and losses|||||
|Realised aud unrealised||gains/(losses):|||||
|on investments|||360,685||239,057|599,742|
|on property|||(359,958)||(75,042)|(435,000)|
|Net (expenditure)/income|||(130,585)||44,549|(86,036)|
|Transfers
lsetween|funds||~368.293||368,293||
|Net movement
in|funds||~496,878||412,842|~86,936|