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||||Page|
|---|---|---|---|
|Report ofthe Trustees|||I to 10|
|Report ofthe Independent<br>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|





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||||||Year ended|Year ended|
|---|---|---|---|---|---|---|
||||||31.12,20|3L12,19|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|f|f||f|
|INCOME FROM|||||||
|Donations<br>and legacies|||234,208|1,388|235,596|314,423|
|Investment<br>income|||281,839|21,385|303,224|459,675|
|Charitable<br>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<br>activities|||489,937|93,786|583,723|655,145|
|Total|||550,586|98,263|648,849|725,399|
|Net (losses)/gains<br>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<br>funds|||||||
|Net movement<br>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|





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||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<br>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<br>funds||15,588,152|14,888,579|
|Restricted<br>funds||6,531,606|5,766,198|
|||22,119,758|20,654,777|






## 

||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|||
|Cash Bows fram|operating|activities:|||||||
|Cash generated<br>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<br>received|||||||89|215|
|Net cash provided|by (used|in) investing||activities|||89|(65,832)|
|Change<br>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<br>(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|





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|DONATIO|NS<br>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<br>—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<br>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<br>charge|||||Green Jacket Close|||66,384|62,410|



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||||||||Unrestricted|Restricted|Restricted|Year ended|Year ended|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds||3L12.21!|31,12,19|
||||||||||f|f|f|
|Investment<br>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<br>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<br>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<br>(Through||||RHQ)||||||52,000|39,000|
|C4C ()hrough|83IQ)|||||||||63,851|100,262|
|Through<br>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<br>Phillips<br>Legacy Fund||||||||||29,407|24,520|
|||||||||||445,142|525,684|



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||||||||||||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<br>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|




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## 

|||Uarestrieted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||f|f|K|
|INCOME FROM|||||
|Donations<br>and legacies||313,823|600|314,423|
|Investment<br>income||436,497|23,177|459,675|
|Charitable<br>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<br>activities||548,220|106,925|655,145|
|Total||615,262|110,137|725,399|
|Net gains/(losses)<br>on investments||1,245,974|98,682|1,344,655|
|Net income/(espenditu|re)|1,381,032|74,732|1,455,765|
|Trasnfet between<br>funds|||||
|Net movement<br>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<br>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<br>assets|||||||124,297|77,252|20'1,549|233,356|
|Curmnt<br>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<br>Bursary|||||24.955|373|1,844|786||24.270|
|Joanne Booth-Mason|||||22.999|983|6.285|717||18.414|
|John<br>Ilame|(DLI)|Bequest||Fund|||||||
|Margaret<br>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<br>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<br>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<br>is m fogmm:|||||
||||||Balance at|Iecamlag|Resources|Invemmenm||Bdance at|
||||||01.01.2019<br>8|resources|expended<br>f|gnlnsl(tomas)<br>8|Transfersl|31.12.2020<br>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<br>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<br>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|



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||||||||||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<br>support|||||||||2,022|2,235|
|Wreaths/<br>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<br>fees||3,600||
|Accountancy||7,783|7,918|
|Auditors<br>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<br>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<br>fees||||||3,600||||||
|Grants payable|||||3,600||1,770||6,2i1||29,407|
|Investmmt<br>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<br>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|