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2020-12-31-accounts

Page
Report ofthe Trustees I to 10
Report ofthe Independent
Auditors
11to 13
Statement ofFinancial Activities 14
Balance Sheet
Cash Flow Statement 16
Notes to the Financial Statements 17to 26
Detailed Statement of Financial Activities 27 to 29

Year ended Year ended
31.12,20 3L12,19
Unrestricted Restricted Total Total
funds funds funds funds
Notes f f f
INCOME FROM
Donations
and legacies
234,208 1,388 235,596 314,423
Investment
income
281,839 21,385 303,224 459,675
Charitable
activities
Green Jacket Close 66,384 66,384 62,410
Total 516,047 89,157 605,204 836,509
EXPENDITURE ON
Raising funds 60,649 4,477 65,126 70,254
Charitable
activities
489,937 93,786 583,723 655,145
Total 550,586 98,263 648,849 725,399
Net (losses)/gains
on investments
734,112 774,514 1,508,626 1.,344,656
Net (expenditure)/income 699,573 765,40S 1,464,981 '1,455,765
Transfer between
funds
Net movement
in funds
699,573 765,408 1,464,981 1,455,765
RECONCILIATION OF FUNDS
Total funds brought forward 14,8S8,579 5,766,198 20,654,777 19,199,013
TOTAL FUNDS CARRIED FORWARD 15,588,152 6,531,606 22,119,758 20,654,778

Notes 2020 2019f
FIXED ASSETS
Tangible assets 13 5,345,000 4,625,000
Investments 14 16,649,075 15,860,449
21,994,075 20,485,449
CURRENT ASSETS
Debtom 15 91,008 173,632
Cash at bank 16 110,540 59,722
201,548 233,354
CREDITORS
Amounts
falling due within one year
17 (75,865) (64,026)
NET CURRENT ASSETS 125,683 169,328
TOTAL ASSETS LESSCURRENT LIABILITIES 22,119,758 20,654,777
NET ASSETS 22,119,758 20,654,777
FUNDS
Unrestricted
funds
15,588,152 14,888,579
Restricted
funds
6,531,606 5,766,198
22,119,758 20,654,777

2020 2019
Notes
Cash Bows fram operating activities:
Cash generated
fram operations
50,728 52,335
Net cssb provided by (used in) operating activities 50,728 52,335
Cash flows from Investing activities
Purchase offixed asset investments (5,712,227) (6,828,542)
Saleofhxed asset investments 5,712,227 6,762,495
Interest
received
89 215
Net cash provided by (used in) investing activities 89 (65,832)
Change
in cash and cash equivalents
in the reporting period 50,817 (13,497)
59,723 73,220
Cash and cash equivalents at the end of the reporting period 110,540 59,723

2020 2019
f
Net
(expenditure)/income
for the reporting period (as per the
statement offinancial activities) 1,464,981 1,455,765
(Gain)/Loss on investments (1,508,626) (1,344,656)
Interest received (89) (215)
(increase)/Decrease in debtors 82,624 (64,295)
Increase'(Decrease) in creditors 11,838 5,736
50,728 52,335
ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
Ai 01.01.20 Cash flow Ai 31.12.20
Net cash
Cash at bank 59,723 50,817 110,540
59,723 50,817 11.0,540
Total l9,723 50,817 110,540

DONATIO NS
AND LEGAC
IES
Unrestricted Restricted Year ended Year ended
funds funds 31.12.20 3L12.19
f
Regimental subscriptions 155,865 155,865 154,101
Subscriptions
—RGJ Ladies Guild
788 788
Donations -general 11,289 11,289 3,864
Donatiom -C4C appeal 67,054 67,054 155,849
Donations -Joanne Booth-Mason
Memorial
Fund 600 600 600
Legacy income 10
234,208 1,388 235,596 314,423
INVESTMENT INCOME
Unrestricted Restricted Year ended Year ended
funds funds 31.12.20 31.12.19
f f f
Investment income - general 281,750 281,750 436,282
Investment income - RGJ Ladies Guild 4,168 4,168 6,42 l
investment income - GJ Close 7,554 7,554 12,284
Investment income - Peter gateman bursary 373 373 760
Investment income - Joanne Booth Mason Memorial Fund 383 383 866
Investment income - Margaret Phillips Legacy 8,907 8,907 2,846
Deposit account interest - general 89 215
281,839 21,385 303,224 459,675
CHARITABLE ACTIVITIES
Year ended Year ended
31J2.20 31,12.19
Activity f
Maintenance
charge
Green Jacket Close 66,384 62,410

Unrestricted Restricted Restricted Year ended Year ended
funds funds 3L12.21! 31,12,19
f f f
Investment
management
fees 59,383 4,477 63,860 61,981
C4C fundraising costs 1,266 1,266 8,273
60,649 4,477 65,126 70,254
CHARITABLE ACTIVITIES COSTS
Grantfunding Support
Direct ofactivities costs
costs (see nore 7) (see note 8)
f
RHQ 14,936 404,154 70,847 489,937
Green Jacket Close 48,984 3,791 52,775
RGJ Ladies Guild 3.600 23 3,623
Petm Batcman bursary 1,770 1,770
Joanne Book-Mason Memorial Fund 6,211 6,211
Margaret
Pbiilips Legacy Fund
29,407 29,407
63,920 445,142 74,661 583,723
GRANTS PAYABLE
Year ended Yenrended
31.12.28 31.12.19
f f
Grants to other Chmitres 60,000 45,000
Through
RHQ
344,154 433,921
RGJ Ladies Guild 3,600 3,075
Grants through Peter Batsman Bursary 1,770 4,193
Grants through Joanne Booth Mason Memorial Fund 6,211 10,350
Grants through John Hams (DLI) Bequest Fund 4,624
Grants thmugh Margmct Phillips Legacy Fund 29,407 24,520
445,142 525,684
Total ofgrants paid dunng the yem was as follows:
Year ended Year ended
31.12.20 31.12.19
f f
ABF(The Soldiers' Charity) 60,000 45,000
Grants to banalions
(Through
RHQ) 52,000 39,000
C4C ()hrough 83IQ) 63,851 100,262
Through
RHQ
228,303 294,659
404,154 478,921
RGJ Ladies Guild Christmas granls 3,600 3,075
Peter Batsman bursary grants 1,770 4,193
Joanne Booth-Mason Memorial Fund grants 6,211 10,350
John Harris (DLI)Bequmt Fund 4,624
Margaret
Phillips
Legacy Fund
29,407 24,520
445,142 525,684

Year ended Year ended
Management Governance 31,12,20 3L12.19
f f. f
RHQ 64,182 6,665 70,847 67,064
Green Jacket Close 3,791 3,791 571
RGJ Ladies Guild 23 23 26
67,996 6,665 74,661 67,634
GOVERNANCE COSTS
Unrestricted Restricted Year ended Year ended
funds funds 31.12.20 31.12.19
f f
Fidelity insurance 308 308 301
Auditors' remuneration 6,357 6,357 6,603
6,665 6,665 6,904
TRUSTEES REMUNERATION AND BENEFITS
With the Charity Commission's approval, Lt Col P Balls OBE, Regimental Secretary and a Trustee
was
paid f7,000
for his exceptional contribution to the Charity (2019:66,000).
STAFF COSTS
Year ceded Year ended
31.12.20 31.12.19
f
Wages and salaries 2I,210 9,718
The average monthly number ofemployees during the year was as follows:
Year ceded Year ended
31.12.20 31.12.19
Green Jacket Close and RHQ support 2 I

Uarestrieted Restricted Total
funds funds funds
f f K
INCOME FROM
Donations
and legacies
313,823 600 314,423
Investment
income
436,497 23,177 459,675
Charitable
activities
Green Jacket Close 62,410 62,410
Total 750,320 86,187 836,509
EXPENDITURE ON
Raising funds 67,042 3,212 70,254
Charitable
activities
548,220 106,925 655,145
Total 615,262 110,137 725,399
Net gains/(losses)
on investments
1,245,974 98,682 1,344,655
Net income/(espenditu re) 1,381,032 74,732 1,455,765
Trasnfet between
funds
Net movement
in funds
1,381,032 74,732 1,455,764
RECONCILIATION OF FUNDS
Total funds brought forward 13,507,547 5,691,466 19,199,013
TOTAL FUNDS CARRIED FORWARD 14,888,579 5,766,198 20,654,777

Freehold
propertyI
MARKET VALUE
B/fwd 4,625,000
Reva) uati on 720,000
5,345,000
NET BOOK VALIJE
At 3'1 December 2020 5,345,000
At 31 December 2019 4,625,000

Listed
investments
MARKET VALUE
At I January 2020 15,860,449
Additions 5,712,227
Disposals (5,712,227)
Reve) uation 788,626
At 31 December 2020 16,649,075
NET BOOK VALUE
At 31 December 2020 16,649,075
At 31 December 2019 15,860,449
Market
value
I
Within the United Kingdom 6,111,237
Outside the United Kingdom 10,537,838
16,649,075

15. DEBTORS
2020 2019
f f
Other debtors 91,008 173,632
16, CASH AT BANK
Cash at bank is represented
by:
2020 2019
f
Cash held by RHQ 106,353 56,400
Cash held by RGJ Ladies Guild 3,947 3,159
Cash held by Rifiemao's Air Soctety 240 164
110,540 59,722
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
Other credk tora 75,865 64,026

L'nrestrlcted Restricted Total Total
funds fuada 2D20 2019
f f f
Fixed assets 5.3452ND 5,345.000 4.625.000
Inmstmenm 15.539.121 1.109.95Z IE649.073 15.86E448
Curmnt
assets
124,297 77,252 20'1,549 233,356
Curmnt
liabilities
(75.268) (597) (75.865) (64.02ti)
15,588,150 6.531,607 22,119.757 20,654,777
MDYEMENT)h FUNDS
Balance at Iacotniag Resourcm Iavestmeum Balance at
01.0!S020 rcsourcm expeaded gainsl(losses) Transfers 31.12.2020
8 f f f 8
Unrestricted funds
Geaersl 14.888.579 516.047 550.586 734.112 15 588.15Z
Resuicted funds
RGJ Ladies Guild 223,994 4,956 4,501 10,842 235,291
Green Jacket Close 5.014,D14 73.938 54.350 739.000 5.772.603
Peter Batsman
Bursary
24.955 373 1,844 786 24.270
Joanne Booth-Mason 22.999 983 6.285 717 18.414
John
Ilame
(DLI) Bequest Fund
Margaret
Phillips
Ingacy Fund 480.236 8.907 31,283 23.169 481.029
5.76EI98 89.157 98,263 774.514 6.531.606
TOTAI, FLNDS 20654 777 605 204 648.849 1,508.626 22.119.758
Cemparali es for mo ament in funds
Balance al lacomlag Remurces Invmtments Balance al
01.01.2019 susoarccs cxpendcd gainsi(losses) Transfers 31.122019
8 f f 8 8
Unrmtricted funds
General 13.507.547 750.320 615.Z62 1.245.974 14.888.579
Restricted funds
RGJ ladies Guild 202.980 6421 3,976 18.570 223S94
Green I acket Close 4.965.610 74,694 61.813 35,523 5.014014
Peter Gateman
Bursary
26.295 760 4.297 2.197 24.955
Joanne Booth-Mason 29,496 1,466 10468 2.505 22.999
John Hams (DIZ) Bequest I-und 4.624 4.624 (0)
htargarct
Phillips legacy Fund
462,461 24,959 39,887 480236
5.691.466 S6.188 110.117 98,682 5.766.198
TOTAL FUVDS 19.199,01 3 836,508 724,399 1.344.655 20,654.777
A cermet year 12 months and pdor year 12months combined position
is m fogmm:
Balance at Iecamlag Resources Invemmenm Bdance at
01.01.2019
8
resources expended
f
gnlnsl(tomas)
8
Transfersl 31.12.2020
8
Lnrmtricled funk
General 13.507,547 1.266,367 I.(65.847 l.')Sf,085 15.588,152
Restricted funds
RGJ ladies Guild 202,980 11,377 8,477 29,412 235.292
Green Jackm Close 4.965.610 148.632 116.164 774.523 5.772.602
Fetor Batsman
Bursary
26,295 1.133 6 140 2.983 24,270
3oannc Booth-Mason 29.496 2A(9 16.753 3.222 18,414
John Hams (Dl.l) Bequest Fund 4,624 4,624
Margamt
Phillips Legacy Fund
462.461 11.754 56.242 63.057 481.030
5.691.466 175,3D 208,400 873.195 6.531.607
TOTAL FLNDS I'9.199,tH3 1,44L71t 1,374,247 2.853,281 22,119,758

Year ended Year ended
31.12.20 31.12.19
8 8
INCOME FROM
Donations and legacies
Regimental subscriptions 155,865 154,101
Subscriptions - RGJ Ladies Guild 788
Donations - general I 1.,289 3,864
Donations - C4C appeal 67,054 155,849
Donations - Joanne Booth-Mason Memorial Fund 600 600
Legacy income 10
235,596 314,423
Investment income
Investment income —general 281,750 436,282
4,168 6,421
Investment income - GJ Close 7,554 12,284
Investment income - Peter Batetnan bursary 373 760
Investment income —Joanne Booth Mason Memorial Fund 383 866
Investment income - Margaret Phillips Legacy 8,907 2,846
Deposit account interest - general 89 215
303,224 459,675
Charitable activities
Green Jacket Close maintenance charge 66,384 62,410
605,204 836,509
EXPENDITURE ON
Raising funds
Investment management fees 63,860 61,981
C4C fundraising 1,266 8,273
65,126 70,254
Charitable activities
Wages 22,340 9,718
Insurance —Green Jacket Close 2,219 1,701
Green Jacket Close —general maintenance 15,680 33,942
Green Jacket Close - major repairs and contingency 19,032 14,206
Casualty
support
2,022 2,235
Wreaths/
Rernernberence
2,627
Grants 445,142 525,684
509,062 587,485

Year ended Year ended
31.1220 31.12.19
f 8
Support costs
Postage and stationery 113 290
Telephone 191 71
IT support costs 34,397 35,900
Rifles database 16,638 6,567
Staffhonoraria 5,000 10,000
Trustee meeting costs 74
Fidelity insurance 308 301
Professional
fees
3,600
Accountancy 7,783 7,918
Auditors
remuneration
6,357 6,603
Interest paid 0 9
Presentations 200
74,661 67,660
Total 648,849 725,399
Net (losses)/gsins on investments 1,508,626 1,344,656
Net (expenditure)/Income 1,464,981 1,455,765

RGJ Ladies Green Peter Joanne Joanne John Harris Margaret
Guild Jacket Batsman Booth-Mason (DLI) Bequest Phillips
Fund Close Bursary Memorial Fund Fund Legacy Fund
8 8 8 8 8
INCOME FROM
Subscriptions 788
Investment
Income
4,168 7,554 373 383 8,907
Green Jacket Close maintenance charge 66,384
I)onations 600
Total 4,956 73,938 373 983 8,907
EXPENDITURE ON
Wagm 12,053
Insumnce 2,219
Telephone 191
General maintenance 15,680
Major rcpaiss 19,032
Postage and stationery 23
Professional
fees
3,600
Grants payable 3,600 1,770 6,2i1 29,407
Investmmt
management
fees 878 '1,575 74 74 1,876
Total 4,501 54,350 1,844 6,285 31,283
Net (losses)/gains on investments 10,842 739,000 786 717 23,169
Net (espeaditurc)/income I 1,297 758,588 (685) (4,585) 0 793
Transfer between funds
Net movement
in
funds 11,297 758,588 (685) (4,585) 0 793
RECONCILIATION OF FUNDS
Total funds brought forward 223,994 5,014,014 24,955 22,999 480,236
TOTAL FUNDS CARRIED FORWARD 235,291 5,772,602 24,270 18,414 0 481,029