## 

|||Page|
|---|---|---|
|Report ofthe Trustees||1 to 10|
|Report ofthe Independent<br>Auditors||11to 13|
|Statement ofFinancial|Activities|14|
|Balance Sheet||15|
|Cash Flow Statement||16|
|Notes to the Financial|Statements|17to 26|
|Detailed Statement ofFinancial Activities||27 to 29|





## 

|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE||DETAILS|DETAILS||
|---|---|---|---|---|---|---|
|Registered<br>Charity number|||||||
|1119071|||||||
|Principal address|||||||
|RHQ The Rifles|||||||
|Peninsula<br>Barracks|||||||
|Romsey Road|||||||
|Winchester|||||||
|Hampshire|||||||
|SO23 8TS|||||||
|Trustees|||||||
|General Sir Patnck Nicholas Yardley Monrad||||Sanders KCBCBEDSO ADC Gen|||
|Major General<br>Rupert Timothy Herbert||Jones CBE - Retired 6 July 2021|||||
|Major General Thomas Richardson|Copinger-Symes<br>CBE||||||
|Brigadier TH Bewick OBE|||||||
|Brigadier Charles Seymore Collins|DSO OBE||||||
|Brigadier Mark Christian<br>Peter Wilson MBE||||- Appointed||29 July 2021|
|Brigadier Daniel Reeve MC|||||||
|Colonel Ralph Arundefl|||||||
|Colonel Ashley Raymond<br>Fulford|OBE||||||
|Colonel Nikola lhc MBEQGM|||||||
|Lieutenant<br>Colonel Peter James Alexander|||Balls||OBE||
|Lieutenant<br>Colonel Peter Dominick|Browne||MBE - Retired 30September 2021||||
|Lieutenant<br>Colonel John Alexander|Poole-Warren||||MBE||
|Lieutenant<br>Colonel Simon David Gray MBE|||||||
|Captain David Alexander<br>McCutcheon||-Retired|||1 July 2021||
|Jeremy Michael Archer|||||||
|Simon Charles Hazlitt|||||||
|Andrew George Wycliffe Jackson|||||||
|Rebecca Charlotte Maciejewska<br>—Appointed||||30|September 2021||
|Oliver Rupert Marsh|||||||
|Henry Charles Steel|||||||



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|||||||Year ended|Year ended|
|---|---|---|---|---|---|---|---|
|||||||31.12.21|31.1220|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|8|8|||
|INCOME FROM||||||||
|Donations<br>and legacies||||649,756|1,543|651,299|235,596|
|Investment<br>income||||216,387|15,388|231,775|303,224|
|Charitable<br>activities||||||||
|Green Jacket Close|||||63,614|63,614|66,384|
|Total||||866,143|80,545|946,688|605,204|
|EXPENDITURE|ON|||||||
|Raising funds<br>Charitable<br>activities||||69,450<br>500,436|4,704<br>116,631|74,154<br>617,066|65,126<br>583,723|
|Total||||569,886|121,335|691,221|648,849|
|Net (losses)/gains|on investments|||1,397,261|99,588|1,496,849|1,508,626|
|Net (expenditure)/income||||1,693,518|58,798|1,752,316|1,464,981|
|Transfer between|funds|||||||
|Net movement<br>in|funds|||1,693,518|58,798|1,752,316|1,464,981|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought||forward||15,588,152|6,531,606|22,119,758|20,654,777|
|TOTAL FUNDS|CARRIED FORWARD|||17,281,670|6,590,404|23,872,074|22,119,758|





## 

## 

||Notes|2021I|2020|
|---|---|---|---|
|FIXEDASSETS||||
|Tangible assets|13|5,345,000|5 345 000|
|Investments|14|18,270,924|16,649,075|
|||23,615,924|21,994,075|
|CURRENT ASSETS||||
|Debtors|15|195,187|91,008|
|Cash at bank|16|129,803|110,540|
|||324,990|201,548|
|CREDITORS||||
|Amounts<br>falling due within one year|17|(68,840)|(75,865)|
|NET CURRENT ASSETS||256,150|125,683|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|23,872,074|22,119,758|
|NET ASSETS||23,872,074|22,119,758|
|FUNDS|19|||
|Unrestricted<br>funds||17,281,670|15,588,152|
|Restricted<br>funds||6,590,404|6,531,606|
|||23,872,074|22,119,758|





## 

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|||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Notes|||g|
|Cash flows from operating||activities:||||||||||||
|Cash generated<br>from operations||||||||||||144,254|50,728|
|Net cash provided<br>by|(used in) operating|||||activities||||||144,254|50,728|
|Cash flows from investing||activities||||||||||||
|Purchase offixed asset|investments|||||||||||(5,176,499)|(5,712,227)|
|Sale offixed asset investments||||||||||||5,051,499|5,712,227|
|Interest received||||||||||||10|89|
|Net cash provided<br>by|(used in) investing|||||activities||||||(124,990)||
|Change in cash and cash||equivalents|||in|the reporting||period||||19,263|50,817|
|||||||||||||110,540|59,723|
|Cash and cash equivalents||at the||end|ofthe reporting|||period||||129,804|110,540|
|1. RECONCILIATION||OF NET|||(EXPENDITURE)/INCOME||||||TO NET CASH FLOW FROM||OPERATING|
|ACTIVITIES||||||||||||||
|||||||||||||2021|2020|
||||||||||||||g|
|Net<br>(expenditure)/income|||for|the|reporting||period||(as|per|the|||
|statement offinancial|activities)|||||||||||1,752,316|1,464,981|
|(Gain)/Loss<br>on investments||||||||||||(1,496,849)|(1,508,626)|
|Interest received||||||||||||(10)|(89)|
|(Increase)/Decrease<br>in|debtors|||||||||||(104,178)|82,624|
|Increase/(Decrease)<br>in|creditors|||||||||||(7,025)|11,838|
|||||||||||||144,254|50,728|
|ANALYSIS OF CHANGES|||IN NET||(DEBT)/FUNDS|||||||||
||||||||||At 01.01.21|||Cash flow|At 31.12.21|
|Net cash||||||||||||||
|Cash at bank||||||||||110,540||18,995|129,535|
|||||||||||110,540||18,995|129,535|
|Total||||||||||110,540||18,995|129,535|





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|DONATIO|N|S<br>AND LEGACIE|S||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|Year ended|Year ended|
||||||funds|funds|31.12.21|31.12.20|
||||||||g|g|
|Regimental|subscriptions||||147,244|40|147,284|155,865|
|Subscriptions||-RGILadies Guild||||565|565|788|
|Donations|-|general|||6,731|638|7,369|11,289|
|Donations|-|C4C appeal|||130,764||130,764|67,054|
|Donations|-|Joanne Booth-Mason|Memorial Fund||269|300|569|600|
|Legacy income|||||364,748||364,748||
||||||649,756|1,543|651,299|235,596|
|INVESTMENT INCOME|||||||||
|||||Unrestricted||Restricted|Year ended|Year ended|
||||||funds|funds|31.12.21|31.12.20|
||||||g|||g|
|Investment|income - general||||216,377||216,377|281,750|
|Investment|income - RGJ Ladies||Guild|||3,170|3,170|4,168|
|Investment|income - GJClose|||||5,556|5,556|7,554|
|Investment||income - Peter Bateman bursary||||230|230|373|
|Investment||income - Joanne Booth Mason Memorial||Fund||210|210|383|
|Investment||income - Margaret Phillips Legacy||||6,222|6,222|8,907|
|Deposit account interest - general|||||10||10|89|
||||||216,387|15,388|231,775|303,224|
|CHARITABLE ACTIVITIES|||||||||
||||||||Year ended|Year ended|
||||||||31.12.21|31.12.20|
||||Activity|||||8|
|Maintenance||charge|Green Jacket||Close||63,614|66,384|



## 

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||||||Unrestricted|Restricted|Year ended|Year ended|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|31.12.21|31.12.20|
|investment<br>management||fees|||66,437|4,704|71,141|63,860|
|C4C fundrmsmg|cosis||||3,013||3,013|1,266|
||||||69,450|4,704|74,154|65,126|
|CHARITABLE ACTIVITIES||||COSTS|||||
||||||Grant funding||Support||
||||||Direct|ofactivities|costs||
||||||costs|(see note 7)|(sce note 8)|Totals|
|RHQ|||||39,936|393,818|66,681|500,436|
|Green Jacket Close|||||82,157||348|82,505|
|RGJ Ladies Guild||||||2,625||2,625|
|Peter Bateman|bursary|||||2,670||2,670|
|Joanne Booth-Mason Memonal<br>Fund||||||4,836||4,836|
|Margaret Phillips Legacy Fund||||||23,995||23,995|
||||||122,093|427,944|67,030|617,066|
|GRANTS PAYABLE|||||||||
||||||||Year ended|Yearended|
||||||||31.12.21|31.12.20|
||||||||8||
|Grants to other|Charities||||||60,000|60,000|
|Through<br>RI-IQ|||||||333,818|344,154|
|RGJ LaChes Guild|||||||2,625|3,600|
|Grants through|Peter Batsman||Bursary||||2,670|1,770|
|Grants through|Joanne|Booth|Mason Memorial Fund||||4,836|6,211|
|Grants through|John Hams (DLU Bequest Fund||||||||
|Grants through|Margaret Phdlips|||Legacy Fund|||23,995|29,407|
||||||||427,944|445,142|
|Total ofgrants|paid during the year was as follows:||||||||
||||||||Year ended|Yearendcd|
||||||||31.12.21|31.12.20|
|ABF (The Soldiers' Charity)|||||||60,000|60,000|
|Grants to battalions<br>(Through|||RHQ)||||60,000|52,000|
|C4C (Through|RHQ)||||||42,968|63,851|
|Through RHQ|||||||230,850|228,303|
||||||||393,818|404,154|
|RGJ Ladies Guild Chnstmas|||grmtts||||2,625|3,600|
|Peter Bateman|bursary|grants|||||2,670|1,770|
|Joanne Booth-Mason||Memorial||I'und grants|||4,836|6,211|
|John Harris (DLI) Bequest Fund|||||||||
|Margaret Phillips Legacy Fund|||||||23,995|29,407|
||||||||427,944|445,142|



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|||||||Year ended|Year|ended|
|---|---|---|---|---|---|---|---|---|
|||||Management|Governance|31.12.21|31.12.20||
|||||8|||||
||RHQ|||59,211|7,470|66,681|70,847||
||Green Jacket Close|||348||348||3,791|
||RGJ Ladies Guild|||||||23|
|||||59,560|7,470|67,030|74,660||
|9.|GOVERNANCE||COSTS||||||
|||||Unrestricted|Restricted|Year ended|Year|ended|
|||||funds|funds|31.12.21|31.12.20||
|||||8||g||8|
||Fidelity|insurance||1,116||1,116||308|
||Auditors'|remuneration||6,354||6,354||6,357|
|||||7,470||7,470||6,665|



## 

## 

|STAFF COSTS|||||
|---|---|---|---|---|
||||Year ended|Year ended|
||||31.12.21|31.12.20|
||||g|8|
|Wages and salaries|||42,269|21,210|
|The average monthly|number ofemployees|during the year was as follows:|||
||||Year ended|Year ended|
||||31.12.21|31.12.20|
|Green Jacket Close|and RHQ support||3|2|



## 



## 

|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||8||8|
|INCOME FROM|||||
|Donations<br>and legacies||234,208|1,388|235,596|
|Investmentincome||281,839|21,385|303,224|
|Charitable<br>activities|||||
|Green Jacket Close|||66,384|66,384|
|Total||516,047|89,157|605,204|
|EXPENDITURE ON|||||
|Raising funds||60,649|4,477|65,126|
|Charitable<br>activities||489,937|93,786|583,723|
|Total||550,586|98,263|648,849|
|Net gains/(losses)<br>on investments||734,112|774,514|1,508,626|
|Net income/(expenditure)||699,573|765,408|1,464,981|
|Trasnfer between<br>funds|||||
|Net movement<br>in funds||699,573|765,408|1,464,981|
|RECONCILIATION|OF FUNDS||||
|Total funds brought|forward|14,888,579|5,766,198|20,654,777|
|TOTAL FUNDS CARRIED FORWARD||15,588,152|6,531,606|22,119,758|





## 

||Freehold|
|---|---|
||property|
|MARKET VALUE||
|B/fwd|5,345,000|
|Revaluation||
||5,345,000|
|NET BOOKVALUE||
|At 31December 2021|5,345,000|
|At 31December 2020|5,345,000|



## 

||Listed|
|---|---|
||investments|
|MARKET VALUE||
|At 1January 2021|16,649,075|
|Additions|5,176,499|
|Disposals|(5,05 1,499)|
|Revaluation|1,496,849|
|At 31December 2021|18,270,924|
|NKT BOOKVALUE||
|At 31December 2021|18,270,924|
|At 31 December 2020|16,649,075|



|||||Market|
|---|---|---|---|---|
|||||value|
|||||g|
|Within|the|United|Kingdom|5,579,410|
|Outside|the|United|Kingdom|12,691,514|
|||||18,270,924|





## 

|15.|DEBTORS||||
|---|---|---|---|---|
||||2021|2020|
|||||8|
||Other debtors||195,187|91,008|
|16.|CASH AT BANK||||
||Cash at bank is represented<br>by:||||
||||2021|2020|
||Cash held by RHQ||128,332|106,353|
||Cash held by RGJ Ladies|Guild|1,203|3,947|
||Cash held by Rifleman's|Air Society|269|240|
||||129,803|110,540|
|17.|CREDITORS: AMOUNTS 1IALLING DUE WITHIN ONE YEAR||||
||||2021|2020|
||||8||
||Other creditors||68,840|75,865|





## 

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||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|2021|2020|
|||||||8|||
|Fixed assets|||||720,000|4,625,000|5,345,000|5,345,000|
|Investments|||||17,290,302|980,622|18,270,924|16,649,073|
|Current assets|||||(659,792)|984,782|324,990|201,549|
|Current liabilities|||||(68,840)||(68,840)|(75,865)|
||||||17,281,67D|6,590,404|23,872,074|22,119,758|
|MOVEMENT IN FUNDS|||||||||
|||Balance nt|Incoming||Resources|Investments||Bakxnce at|
|||01.01,2021|resources||expeaded|gaias/(losses)|Transfers|31.12.2021|
|||8|||||8||
|Unrestricted<br>funds|||||||||
|General||15 588 152||866,143|569,886|I 397261||17,281,670|
|Restricted funds|||||||||
|RGJ Ladies Guild||235,291||4,373|3,597|20,428||256,495|
|Green Jacket Close||5,772,602||69,170|84,210|35,799||5,793,361|
|Peter Bateman Bursary||24,270||230|2,741|1,480||23,239|
|Joanne Booth-Mason||18,414||550|4,900|1,350||15,414|
|John Heros (DLI)Bequest Fund|||||||||
|Margaret<br>Phigips Legacy Fund||481 029||6,222|25,887|40 53I||501,895|
|||6,531,606||80,545|121,335|99,588||6,590,404|
|TOTALFUNDS||22,119,758||946,688|691,221|1,496,849||23,872,074|
|Comparatives<br>for movement|in funds||||||||
|||Balance st|Incoming||Resources|Investments||Balance at|
|||01.01.2020|resources||expended|gaias/(losses)|Transfers|31.12.2020|
||||||8||||
|Unrestricted<br>funds|||||||||
|General||14888 579||516,047|550,586|734 112||15,588,152|
|Restricted<br>funds|||||||||
|RGJ Ladies Guild||223,994||4,956|4,501|10,842||235,291|
|Green Jaoket Close||5,014,014||73,938|54,350|739,000||5,772,602|
|Peter Batsman Bwsaiy||24,955||373|1,844|786||24,270|
|Joanne Booth-Mason||22,999||983|6,285|717||18,414|
|John Hams (DLI) Bequest Fund|||||||||
|Margaret<br>Phillips Legacy Fund||480236||8 907|31,283|23 169||481,029|
|||5,766,198||89,157|98,263|774,514||6,531,606|
|TOTALFUNDS||20,654,777||605,204|648,849|1,508,626||22,119,758|
|A current year 12mooths and prior year 12 months||corn Dined position||is as follows;|||||
|||Balance at|Incoming||Resources|Investments||Balance at|
|||01.01.2020|resources||expended|gains/(losses)|Transfers|31.12.2021|
|||8|||8||||
|Unrestricted<br>funds|||||||||
|General||14,888,579|1,382,190||I 120472|2,131,373||17,281,670|
|Restricted funds|||||||||
|RGJ Ladies Gudd||223,994||9,329|8,098|31,270||256,495|
|Green Jacket Close||5,014,014||143,108|138,560|774,799||5,793,361|
|Peter Bateman Bursary||24,955||603|4,585|2,266||23,239|
|Joanne Booth-Mason||22,999||1,532|11,184|2,067||15,414|
|John Hams (DLBBequest Fund|||||||||
|Margaret<br>Philhps Legacy Fund||480,236||15,129|57,170|63,700||5D1,895|
|||5,766,198||169,701|219,597|874,102||6,59D,4D4|
|TOTAL FUNDS||20,654,777|1,551,891||I 340,069|3,005,475||23,872,074|



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||||||||Year ended|Year ended|
|---|---|---|---|---|---|---|---|---|
||||||||31.12.21|31.12.20|
|INCOME|FROM||||||||
|Donations|and legacies||||||||
|Regimental|subscriptions||||||147,284|155,865|
|Subscriptions<br>-RGJ Ladies Guild|||||||565|788|
|Donations|- general||||||7,369|11,289|
|Donations|-C4C appeal||||||130,764|67,054|
|Donations|—Joanne|Booth-Mason||Memorial|Fund||569|600|
|Legacy income|||||||364,748||
||||||||651,299|235,596|
|Investment<br>income|||||||||
|Investment|income|- general|||||216,377|281,750|
|Investment|income|- RGJ Ladies||Guild|||3,170|4,168|
|Investment|income|—GJ|Close||||5,556|7,554|
|Investment|income|- Peter Bateman bursary|||||230|373|
|Investment|income|—Joanne Booth Mason Memorial||||Fund|210|383|
|Investment|income|- Margaret Phillips Legacy|||||6,222|8,907|
|Deposit account interest|||- general||||10|89|
||||||||231,775|303,224|
|Charitable<br>activities|||||||||
|Green Jacket Close||maintenance||charge|||63,614|66,384|
||||||||946,688|605,204|
|EXPENDITURE ON|||||||||
|Raising funds|||||||||
|Investment|management||fees||||71,141|63,860|
|C4C fundraising|||||||3,013|1,266|
||||||||74,154|65,126|
|Charitable<br>activities|||||||||
|Wages|||||||46,200|22,340|
|Insurance|-Green Jacket Close||||||2,327|2,219|
|Green Jacket Close||- general maintenance|||||39,396|15,680|
|Green Jacket Close||- major repairs and contingency|||||26,677|19,032|
|Casualty<br>support|||||||3,300|2,022|
|Wreaths/|Rememberence||||||4,193|2,627|
|Grants|||||||427,944|445,142|
||||||||550,037|509,062|





## 

|||Year ended|Year ended|
|---|---|---|---|
|||31.12.21|31.12.20|
|Support casts||||
|Postage and stationery||460|113|
|Telephone||449|191|
|ITsupport costs||28,813|34,397|
|Rifles database|||16,638|
|Staffhonoraria||12,000|5,000|
|Trustee meeting|costs||74|
|Fidelity insurance||1,116|308|
|Professional<br>fees|||3,600|
|Accountancy||7,279|7,783|
|Auditors<br>remuneration||6,354|6,357|
|Interest paid||||
|Presentations|||200|
|Travel||10,557||
|||67,030|74,661|
|Total||691,221|648,849|
|Net (losses)/gains|on investments|1,496,849|1,508,626|
|Net (expenditure)/income||1,752,316|1,464,981|





## 

|||||RGJ Ladies|Green|Peter|Joanne|John Harris|Margaret|
|---|---|---|---|---|---|---|---|---|---|
|||||Guild|Jacket|Bateman|Booth-Mason|(DLI)Bequest|Phigips|
|||||Fund|Close|Bursary|Memorial Fund|Fund|LegacyFund|
||||||8||||g|
|INCOME FROM||||||||||
|Subscripttons||||565|||40|||
|Investment<br>income||||3,170|5,556|230|210||6,222|
|Green Jacket Close mamtenance|||charge||63,614|||||
|Donattons||||638|||300|||
|Total||||4,373|69,170|230|550||6,222|
|EXPENDITURE|ON|||||||||
|Wages|||||13,757|||||
|Insurance|||||2,327|||||
|Telephone|||||348|||||
|General maintenance|||||39,396|||||
|Major repairs|||||26,677|||||
|Postage and stationery||||||||||
|Professtonal<br>fees||||||||||
|Grants payable||||2,625||2,670|4,836||23,995|
|Investment<br>management||fees||972|1,705|71|64||1,892|
|Total||||3,597|84,210|2,741|4,900||25,887|
|Net (losses)/gams|on investments|||20,428|35,799|1,480|1,350||40,531|
|Net (expenditure)/income||||21,204|20,759|(1,031)|(3,000)|0|20,866|
|Transfer bctwccn|funds|||||||||
|Net movement<br>ia|funds|||21,204|20,759|(1,031)|(3,000)|0|20,866|
|RECONCILIATION OFFUNDS||||||||||
|Total funds brought forward||||235,291|5,772,602|24,270|18,414||481,029|
|TOTAL FUNDS|CARRIED FORWARD|||256,495|5,793,361|23,239|15,414||501,895|