THE DARELL-BROWN, ROBIN MEMORIAL FUND
Trust Accounts
for the year ended 5 April 2025
PENNINGTONS MANCHES COOPER
Penningtons Manches Cooper LLP 125 Wood Street London EC2V 7AW
Tel: 0207 4573000 Fax: 0207 4573244
Ref: 7129945/LZD
THE DARELL-BROWN, ROBIN MEMORIAL FUND
Synopsis of Trust
Charity number: 1062574 Trustees: John Nigel Ballard Mogg (Chairman) lan George Elliott Timothy Miles Hartley MBE (Retiring Trustee) Anthony Darell-Brown Philip Reginald Smith Robert Hugh Stuart Gutteridge (Retiring Trustee) Michael Whitfeld Laura Dadswell Simon Lempriere Theobalds
Contents of Accounts
page description 3-4 Trustees Report 5 Balance Sheet 6 Statement of Financial Activities 7-8 Notes to Accounts
Principal office and contact
Laura Dadswell of 125 Wood Street, London, EC2V 7AW
Bankers:
CAF Bank Limited of 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Lawyers:
Penningtons Manches Cooper LLP of 125 Wood Street, London, EC2V 7AW
Independent Examiners:
Martin and Company, 25 St Thomas Street, Winchester, SO23 9HJ
Synopsis
THE DARELL-BROWN, ROBIN MEMORIAL FUND
TRUSTEES' REPORT
The Trustees are pieased to present their report together with the financial statements of the charity for the year ended 5 April 2025.
Legal and administrative information set out on the information page forms part of this report. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity's Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standing applicable in the UK and Republic of Ireland published in October 2019.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Trustees shall hold the Trust Fund and its income upon trusts to apply them for such charitable purposes, including but not limited to the prevention or relief of poverty, the advancement of education and the promotion of the efficiency of the armed forces of the Crown, as the Trustees in their absolute discretion think fit, and for the benefit of.
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The available Beneficiaries 2. The Regiments and former Regiments referred to under 1 and 2 of the definition of available Beneficiaries and their successor Regiments (the Regimental Beneficiaries")
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Museums that commemorate or preserve artefacts connected with the Regimental Beneficiaries
It is the public interest to record the history of our armed forces and to offer continued support for the individuals therein who served the public so well. This particular small charity is one of many with these aims and is specifically constituted to carry out the above objectives for the benefit of:
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All members of the Oxfordshire and Buckinghamshire Light Infantry who served prior to and during the Second World War and of the said Light Infantry or its successor, the 1st Green Jackets 43rd and 52nd, who served between the period of the end of the Second World War and the merger into the Royal Green Jackets in 1966.
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As from such date as the Trustees shall in writing determine, all other members of the Royal Green Jackets and its successors.
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All spouses, widows and other dependents of the persons within 1 and 2 above.
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The Officers Club and the Regimental Association.
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The Regimental Museum and Trust Fund of that regiment.
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit.
ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW.
This year the investment portfolio has decreased in value (5.56%) in comparison with last year's valuation, there was no realisation of investments to finance activities. Dividend and other income increased slightly over last year’s levels, enabling continued payments of grants for the advancement of heritage, totalling £15,600.
Christmas grants to individuals by reason of age, ill health and disability continued, remaining at a basic level of £600. Assistance for travel to remembrance ceremonies continued as in previous years.
At the close of the year funds amounted to £1,784,492 (2024 £1,890,976) annual spend is now approximately £59,744 and near 3.3% of expendable funds, sufficient reserves to ensure continuance for the foreseeable exist, whilst also maintaining the expenditure endowment fund at a reasonable level.
Trustees Report
Investment powers and policy
Under the Trust Deed, the charity has the power to make any investment which the Trustees see fit. The Trustees have a policy to maintain investments to ensure that a sufficient level of income is generated to fund the ongoing operational needs of the charity.
Reserves policy
It is the policy of the Trust to maintain its free reserves at a level which generates maximum investment income.
Structure Governance and Management
The Darell-Brown, Robin Memorial Fund is a registered charity (no. 1062574), constituted by a Declaration of Trust dated 17 March 1997 and originally titled 'The Darell-Brown Memorial Fund’ until it's change of name on 20 July 2016 in accordance with a deed amendment of that date.
The Trustees of the charity are listed on the information page.
Timothy Hartley and Robert Gutteridge retired as trustees on 21 February 2025.
The charity is required to have a minimum of three trustees. New trustees will be appointed by a resolution of the existing trustees at a special meeting.
The Trustees have carried out a review of the charity's activities and the risks to which it is exposed and confirm that controls are in place to mitigate those risks.
By order of the Trustees:
LP sLAL
Laura Dadswell (Trustee)
Trustees Report
THE DARELL-BROWN, ROBIN MEMORIAL FUND
BALANCE SHEET AS AT 5 April 2025
| BALANCE SHEET AS AT 5 April 2025 | |||
|---|---|---|---|
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Fixed assets | |||
| Investments | 7 | 1,730,915 | 1,832,857 |
| Current assets | |||
| Cash at Bank | 72,215 | 73,779 | |
| Current liabilities | |||
| Creditors; amounts falling due within one year | 8 | (18,638) | (15,660) |
| Net assets | 1,784,492 | 1,890,976 | |
| The funds ofthe charity | |||
| Unrestricted; | |||
| Expendable endowment capital fund | 1,739,554 | 1,841,496 | |
| Accumulated income | 44 938 | 49,481 | |
| Balancesheld | 1,784,492 | 1,890,976 |
The financial statements were approved by the Board of Trustees on:
Signed on their behalf by:
Laura Dadswell (Trustee)
Balance Sheet
Page 5
THE DARELL-BROWN, ROBIN MEMORIAL FUND
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 5 April 2025
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| expendable | Unrestricted | Unrestricted | Unrestricted | |||
| endowment | accumulated | Total funds | Total funds | |||
| Notes | capital | fund | income fund | 2025 | 2024 | |
| £ | £ | £ | £ | |||
| Income & Endowments from: | ||||||
| Investments | 2 | 55,201 | 55,201 | 53,841 | ||
| Total Incoming Resources | Nil | 55,201 | 55,201 | 53,841 | ||
| Expenditure on: | ||||||
| Charitable activities | ||||||
| Advancement of Heritage | 3 | 15,600 | 15,600 | 3,550 | ||
| Relief grants to eligible members | 4 | 29,900 | 29,900 | 27 800 | ||
| Previous year’s cheques cancelled | Nil | Nil | Nil | |||
| Support costs | ||||||
| Administration and legal costs | 1,000 | 1,000 | 4,500 | |||
| Legal cost provision | 8,000 | 8,000 | 5,100 | |||
| Sundry expenses | Nil | Nil | 63 | |||
| Adjustment to previous year's provision | 3,500 | 3,500 | 240 | |||
| Independent examiners charges: | ||||||
| Examination fee - current year | 1,638 | 1,638 | 1,560 | |||
| Cheque fees | 46 | 46 | 38 | |||
| Bank charges | 60 | 60 | 60 | |||
| Total | Nil | 59,744 | 59,744 | 42,912 | ||
| Net expenditure | Nil | (4,543) | (4,543) | 10,929 | ||
| Net gains/(losses) on investments | (101,942) | Nil | (101,942) | 107,861 | ||
| Net movement in funds | (101,942) | (4,543) | (106,485) | 118,790 | ||
| Reconciliation of funds | ||||||
| Total funds brought forward | 1,841,496 | 49,481 | 4,890,976 | 1,772,186 | ||
| Net movement in funds | (101,942) | (4,543) | (106,485) | 118,790 | ||
| Totalfundscarriedforward | 1,739,554 | 44,938 | 1,784,492 | 1,890,976 |
SoFA
Page 6
THE DARELL-BROWN, ROBIN MEMORIAL FUND
NOTES TO ACCOUNTS
for the year ended 5 April 2025
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Accounting Policies
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a. The financial statements of the charity, which is a public entity, have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments.
The financial statements have been prepared to give a ‘true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to extend required to provide a ‘true and fair' view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK Republic of Ireland (FRS102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended practice effective from 1st April 2005 which has since been withdrawn.
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
b. Income
- All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
c. Expenditure
- Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
d. Investments
Stocks and shares quoted on the London Stock Exchange are included in the balance sheet at their market value at the year end. The differences between the market value and the original cost of the investment are included in the Statement of Financial Activities. No unquoted investments are held.
Profits and losses arising on the disposal of investments are included in the Statement of Financial Activities.
e. Expendable endowment fund
- The endowment fund comprises the investments shown in the Balance Sheet which were purchased in 2003 with the proceeds from the sale of the investments in the original endowment. The income from the investments is held in unrestricted income funds for the use in financing the Fund's charitable aims. The Trustees have the power to convert the capital endowment funds into unrestricted expendable income at any time.
| 2. | Investment Income | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Expendable endowment dividends | 53,480 | 52,433 | |
| Bank interest received | 1,722 | 1,409 | |
| 55,201 | 53,841 | ||
| 3. | Advancement of Heritage | 2025 | 2024 |
| £ | £ | ||
| The Royal Green Jackets (Rifles) Museum Trust | 4,000 | 3,500 | |
| The Royal Green Jackets Asscoation Oxford | 1,300 | 50 | |
| Soldiers of Oxfordshire Museum Trust | 3,700 | = | |
| Oxford & Bucks Light Infantry Committee | 3,600 | ; | |
| The Parachute Regiment Association | 1,000 | 5 | |
| Normandy Tour Oxfordshire ACF | 2,000 | . | |
| 15,600 | 3,550 |
Page 7
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4. Relief Grants to those in need
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Grants to those in need 2025 2024
number £ number £
To individuals by reason of age, ill health and disability 2 900 0 -
Grants to eligible individuals £600 (Christmas 2025) 33 19,800 41 24,600
Assistance: for travel to Normandy for remembrance 2
ceremonies (£400) - 9,200 oes
29,900 27,800
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- Trustee emoluments and expenses No trustee, nor any individual connected with them, has received, or is due to receive, any remuneration or expenses for the year or for the prior year, from the charity. There are no employees so consequently no staff costs have been incurred.
6. Related Parties
A Trustee, Mrs L Dadswell is a partner of the Trust's solicitors, Penningtons Manches Cooper LLP who provided the Trust with legal and administrative assistance.
- Investments
| 7. | Investments | £ | ||
|---|---|---|---|---|
| Historical cost at 6th April 2024 | 843,440 | |||
| Acquisitions at cost | - | |||
| Disposals at cost | - | |||
| Historical cost at Sth April 2025 | 843,440 | |||
| Cumulative Unrealised gains/(losses) at 5th April 2025 | 887,476 | |||
| Market Value as per Balance Sheet | 1,730,916 | |||
| Units | Book Cost | Market Value | ||
| £ | £ | |||
| COIF Charities Investment Fund Income Units |
87,035 | 748,073 | 1,638,333 | |
| COIF Charities Property Fund |
89,582 | 95,367 | 92,583 | |
| 843,440 | 1,730,916 | |||
| The investments are held through CCLA Investment Management | Limited to the | order of the charity. The COIF | ||
| charity funds are UK registered charities. | ||||
| 8. | Creditors | 2025 | 2024 | |
| £ | £ | |||
| Amounts due within one year | ||||
| Provision oflegal advice and services - relating to current accounting period |
8,000 | 4,500 | ||
| Outstanding legal fees | 9,000 | 9,600 | ||
| Sundry expenses | - | - | ||
| Independent examination and accountancy fees | 1,638 | 1,560 | ||
| 18,638 | 15,660 | |||
| 9. | Analysis of net assets between funds | |||
| Unrestricted | Total | |||
| Unrestricted | accumulated | unrestricted | ||
| capital fund | income fund | funds | ||
| Investments at market value | 1,730,916 | - | 1,730,916 | |
| Current assets (cash at bank) | 8,640 | 63,576 | 72,216 | |
| Current liabilities | - | (18,638) | (18,638) | |
| Release from expendable endowment capital fund | : | - | - | |
| Total net assets | 1,739,555 | 44 938 | 1,784,493 | |
| 10. | Cash at bank | 2025 | 2024 | |
| £ | £ | |||
| CAF Bank | ||||
| Account 00007264 | 500 | 500 | ||
| Account 00083268 | 71,716 | 73,279 | ||
| 72,216 | 73,779 |
Page 8
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
THE DARELL-BROWN, ROBIN MEMORIAL FUND
FOR THE YEAR ENDED 5" APRIL 2025
] report to the charity trustees on my examination of the accounts of the charity for the year ended 5" April 2025 which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that 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 with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Bei
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Lucy Dixon FCA Martin and Company 25 St Thomas Street Winchester Hampshire, SO23 9HJ
Date: 14 October 2025