2021-06-30-accounts

	Pacae No.
TRUSTEES' REPORT	2 —8
AUDITORS' REPORT	9—11
STATEMENT OF FINANCIAL ACTIVITIES	12
BALANCE SHEET	13
NOTES TO THE ACCOUNTS	14 —25

		Note	Unrestricted	Endowment	Restricted	Total 2021	Total 2020
			Fund	Silver Fund	Funds
Income and endowments
Donations and legacies			146,760		11,421	158,181	173,345
Charitable activities			9,181			9,181	7,381
Other trading activities			1,500			1,500	164
Investments			95,977			95,977 r	111,517
Other			5,038			5,038	3,231
Total		2	258,456		11,421	269,877	295,638
~Edit
Raising funds			713			713	3,894
Charitable activities			159,045		23,528	182,573	256,369
Total		3	159,758		23,528	183,286	260,263
Net income/(expenditure)
before gains and losses			98,698		(12,107)	86,591	35,375
Net gains/(losses) investments	on		1,108,734			1,108,734	137,792
Net income/(expenditure)			1,207,432		(12,107)	1,195,325	173,167
Transfers			17,558		17,558
Net movement in funds			1,189,874		5,451	1,195,325	173,167
Reconciliation of	funds
Total Funds	Brought	8	5,469,055	3,221,968	145,414	8,836,437	8,663,270
Forward
Total Funds	Gamed	8	f6,658,929	f3,221,968	f150,865	f10,031,762	f8,836,437
Forward

		Note	2021	2020
Fixed Assets
Investments			6,615,158	5,381,965
Tangible Fixed Assets			3,247,840	3,248,297
			9,862,998	8,630,262
Current Assets
Stock			1,419
Debtors			51,651	9,870
Deposits at Bank and Money Market			136,923	222,732
Cash in Hand			2	21
			189,995	232,623
Creditors: Amounts	falling due within one year	7	21,231	26,448
			168,764	206,175
Net Current Assetsl Liabilities
Net Assets			610,031,762	68,836,437
Funds
Unresbicted Fund			6,658,929	5,469,055
Restricted Funds			150,865	145,414
Endowment Fund	—Silver		3,221,968	3,221,968
			610,031,762	F8,836,437
			Xz%'L

					2021	2020
Donations	and le acies
Donations	received	(including		gift aid recoverable)	22,487	47,934
Legacy					5,000	3,000
Days pay scheme					119,273	107,347
Transfer from Wharley			Chapel			4,500
Silver Subscription					11,421	10,564
					6158,181	f173,345
Charitable	activities
Castle subscriptions		and sales			9,031	7,381
Battlefield	Tour				150
					69,181	F7,381
G~tt t Ch
Sale ofregimental		souvenirs			1,500
					61,500
Investments
Investment	Funds				95,961	111,382
Other interest:
Royal Bank ofScotland					16	135
					f95,977	6111,517
Other
Case grant	income				2,601	2,760
Speedboat	hire				2,000
BBCroyalties					63	396
Sundry income					374	75
					65,038	63,231

FOR THE YEAR ENDED 30JUNE 2021	FOR THE YEAR ENDED 30JUNE 2021	FOR THE YEAR ENDED 30JUNE 2021
ANALYSIS OF EXPENDITURE cont				2021	2020
Charitable activities
Inservice Welfare Grant —No ofcases 1			(2020:9)	400	3,370
Case Grants —No ofcases 69(2020: 114)				39,582	47,688
Memorial Running Costs				967	1,056
Memorial Restoration				5,627	8,425
Remembrance Day Costs				184	3,504
ABF Sponsorship				13,000	13,000
RCO —Oificer &Soldier Recruiting		Expenses		12,735	9,355
Other Grants 1"Battalion Grants —including 2d Battalion Grants —including 3"Battalion Grants —including	Adventure Adventure Adventure		Training Training Training	2,158 14,325 16,960 9,439	2,319 31,228 37,670 9,341
Regimental gathering expenditure					17,881
Association Support				1,890	3,302
Chapel expenditure				976	2,271
Days Pay Scheme —RHQ				2,196	2,092
Days Pay Scheme - Silver				11,421	10,563
Castle expenditure				14,423	15,569
Sundry Expenses				7,277	10,026
Council Meeting Expenses				292	1,430
Trustee training				3,000
Presentation account				483
Representational Event				957	525
Depreciation				457	610
Audit				7,020	6,540
Accountancy				3,666	4,422
Silver insurance and repairs				13,138	14,182
				f182,573	f256,369

. TANGIBLE FIXEDASSETS
	Office E~it	Endowment Silver Fund	Chattels	Total
CosVValuation
As at 1 July 2020	18,220	3,221,468	25,000	3,264,688
As at 30June 2021	18,220	3,221,468	25,000	3,264,688
~0
Asat1 July2020	16,391			16,391
Charge for the year	457			457
As at 30June 2021	16,848			16,848
Net Book Value
As at 30June 2021	F1,372	f3,221,468	F25,000	63,247,840
As at 30June 2020	81,829	63,221,468	825,000	F3,248,297

		Market	Additional	Realised	Unrealised	Market	Cost
		V I	~Oi	Gains/	Gains/	Value	30.06.21
		01.07.20		~Losses	~Losses	30.06.21
Investment	portfolio	f5,381,965	f124,459	f6,591	ft 102,143	F6,615158	84,825,936

The Re are:-	gimental Charity Investme	nts representing over	5'io ofthe market value of
			Market
			Value
Sarasin	Thematic Global		62,736,439
Sarasin	Global Dividend		81,025,874
Sarasin	Global Dividend —Class	I	6492,758
Sarasin	Thematic Global —Equity	Class	81,272,787

6. DEBTORS:AMOUNTS F	ALLING DUE WITHIN ONE YEAR
		2021	2020
Other Debtors		51,651	9,870
		651,651	89,870
7. CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2021	2020
Accruals		20,875	25,858
Other Creditors		356	590
		621,231	626,448

. CURRENT YEAR —MOVE	MENT ON FUNDS
	Unrestricted G I	Unrestricted ~Oi td		Endowment Silver	Restricted Funds	Total
Balance at 1 July 2020	5,402,017		67,038	3,221,968	145,414	8,836,437
Incoming resources	258,456				11,421	269,877
Resources expended	(159,758)				(23,528)	(183,286)
Gain on investments	1,108,734					1,108,734
Transfers	17,558				17558
Balance at 30June 2021	f6,591,891	867,038		83,221,968	F150,865	F10,031,762
	W~vfa land
	A~mutee
	Fund	Silver Fund		~Cha el		Total
				Fund
Restricted Funds
Balance at 1 July 2020	96,845		42,756	5,813		145,414
Incoming resources			11,421			11,421
Resources expended	(9,414)	(13,138)		(976)		(23,528)
Gain on investments
Transfers	17,558					17,558
Balance at 30June 2021	F104,989	641,039		F4,837		8150,865

. PRIOR YEAR —M	OVEMENT ON FUND	S	S
	Unrestricted G I	Unrestricted ~di td		Endowment Silver	Restricted Funds	Total
Balance at 1 July	5,231,733		69,028	3,221,968	140,541	8,663,270
2019
Incoming resources	278,980				16,658	295,638
Resources expended	(243,810)				(16,453)	(260,263)
Gain on investments	137,792					137,792
Transfers	2 678		1,990		4,668
Balance at 30June	f5,402,017		f67,038	f3,221,968	f145,414	f8,836,437
2020
	~Wa land ~dAtG F dAdit		F d	~Cha el Fund		Total
Restricted Funds
Balance at 1 July	94,167		46,374			140,541
2019
Incoming resources			10,564	6,094		16,658
Resources expended			(14,182)	(2,271)		(16,453)
Gain on investments
Transfers	2,678			1,990		4,668
Balance at 30June	f96,845		f42,756	f5,813		f145,414
2020

. CURRENT	YEAR -ANALYS	IS OF NET AS	S	ETS B	ETWEE	N F	UNDS
								Non
		7~an ibis					Current	Current
		Fixed					Assetsl	Assetsl	Net
		b t	I	t	t	~bi	bllttt	tLiabilities	Assets
Restricted Funds
Wayland Amputee	Fund			104,989					104,989
Silver Fund							41,039		41,039
Chapel Fund							4,837		4,837
Silver Endowment	Fund	3,221,468					500		3,221,968
Unrestricted Funds
General Fund		26,372		6,510,169			55,350		6,591,891
Designated —Essex Chapel Fund							67,038		67,038
		63,247,840		F6,615,158			8168,764	6-	810,031,762
RIOR YEAR —ANALYSIS OF NET		ASSETSBETWEEN FUNDS
								Non
		7~an ibis					Current	Current
		Fixed					Assetsl	Assetsl	Net
		Assets		Investments		~bi bll'		~LIabilities	Assets
Restricted Funds
Wayland Amputee Silver Fund	Fund				96,845		42,756		96,845 42,756
Chapel Fund							5,813		5,813
Silver Endowment	Fund	3,221,468					500		3,221,968
Unrestricted Funds General Fund Designated —Essex Chapel Fund		26,829		5,285,120			90,068 67,038		5,402,017 67,038
		63,248,297		65,381,965			6206,175	F=	68,836,437