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|||Page|
|---|---|---|
|Report ofthe Trustees||I to 10|
|Report ofthe Independent<br>Auditors||11 to 13|
|Statement ofFinancial|Activities||
|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|
|---|---|---|---|---|---|---|---|
|||||||31.12.22|31.12.21|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|||8||
|INCOME FROM||||||||
|Donations<br>and legacies||||781,995|619|782,614|651,299|
|Investment<br>income||||287,387|19,565|306,952|231,775|
|Charitable<br>activities||||||||
|Green Jacket Close|||||63,164|63,164|63,614|
|Total||||1,069,382|83,348|1,152,730|946,688|
|EXPENDITURE|ON|||||||
|Raising funds||||70,589|4,713|75,302|74,154|
|Charitable<br>activities||||795,127|138,915|934,042|617,066|
|Total||||865,716|143,628|1,009,344|691,221|
|Net (losses)/gains|on investments|||(1,244,998)|(82,181)|(1,327,179)|1,496,849|
|Net (expenditure)/income||||(1,041,332)|(142,461)|(1,183,793)|1,752,316|
|Transfer between|funds|||||||
|Net movement<br>in|funds|||(1,041,332)|(142,461)|(1,183,793)|1,752,316|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought||forward||17,281,670|6,590,404|23,872,074|22,119,758|
|TOTAL FUNDS|CARRIED FORWARD|||16,240,338|6,447,943|22,688,281|23,872,074|





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||||2022|2021|
|---|---|---|---|---|
|||Notes|||
|FIXEDASSETS|||||
|Tangible assets||13|5,345,000|5,345,000|
|Investments||14|17,173,745|18,270,924|
||||22,518,745|23,615,924|
|CURRENT ASSETS|||||
|Debtors||15|103,559|195,187|
|Cash at bank||16|137,650|129,803|
||||241,209|324,990|
|CREDITORS|||||
|Amounts<br>falling due within|one year|17|(71,673)|(68,840)|
|NET CURRENT ASSETS|||169,536|256,150|
|TOTAL ASSETSLESSCURRENT||LIABILITIES|22,688,281|23,872,074|
|NET ASSETS|||22,688,281|23,872,074|
|FUNDS||19|||
|Unrestricted<br>funds|||16,240,338|17,281,670|
|Restricted<br>funds|||6,447,943|6,590,404|
||||22,688,281|23,872,074|





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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|K||
|Cash flows from|operating|activities:|||||||
|Cash generated<br>from operations|||||||237,535|144,255|
|Net cash provided|by (used|in) operating||activities|||237,535|144,255|
|Cash flows from|investing|activities|||||||
|Purchase offixed|asset investments||||||(4,773,957)|(5,176,499)|
|Sale offixed asset|investments||||||4,543,957|5,051,499|
|Interest received|||||||311|10|
|Net cash provided|by (used|in) investing||activities|||(229,689)|(124,990)|
|Change<br>in cash and cash equivalents|||in|the reporting|period||7,846|19,264|
||||||||129,804|110,540|
|Cash and cash equivalents||at the end|of|the reporting|period||137,650|129,804|



## 

||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
|Net<br>(expenditure)/income||for|the|reporting|period|(as|per|the|||
|statement<br>offinancial activities)|||||||||(1,183,793)|1,752,316|
|(Gain)/Loss<br>on investments|||||||||1,327,179|(1,496,849)|
|Interest received|||||||||(311)|(10)|
|(Increase)/Decrease|in debtors||||||||91,628|(104,178)|
|Increase/(Decrease)|in creditors||||||||2,833|(7,025)|
|ANALYSIS OF CHANGES||IN|NET|(DEBT)/FUNDS|||||||
|||||||At|01.01.22||Cash flow|At 31 12.22|
|Net cash|||||||||||
|Cash at bank|||||||129,804||7,846|137,650|
||||||||129,804||7,846|137,650|
|Total|||||||129,804||7,846|137,650|





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|||||||Unrestricted|Restricted|Year ended|Year ended|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|31.12.22|31.12.21|
|Regimental|subscriptions|||||131,299||131,299|147,284|
|Subscriptions<br>- RGJ Ladies Guild|||||||||565|
|Donations|- general|||||101,473|92|101,565|7,369|
|Donations|—C4C appeal|||||64,560||64,560|130,764|
|Donations|—Joanne|Booth-Mason||Memorial|Fund||527|527|569|
|Legacy income||||||484,216||484,216|364,748|
|||||||781,995|619|782,614|651,299|
|INVESTMENT INCOME||||||||||
|||||||Unrestricted|Restricted|Year ended|Year ended|
|||||||funds|funds|31.12.22|31.12.21|
||||||||||f.|
|Investment|income|—general||||287,075||287,075|216,377|
|Investment|income|- RGJ Ladies||Guild|||4,160|4,160|3,170|
|Investment|income|—GJ Close|||||7,234|7,234|5,556|
|Investment|income|- Peter Bateman bursary|||||282|282|230|
|Investment|income|—Joanne Booth Mason|||Memorial|Fund|173|173|210|
|Investment|income|—Margaret|Phillips Legacy||||7,716|7,716|6,222|
|Deposit account interest - general||||||311||311|10|
|||||||287,387|19,565|306,952|231,775|
|CHARITABLE ACTIVITIES||||||||||
|||||||||Year ended|Year ended|
|||||||||31.12.22|31.12.21|
||||||Activity|||||
|Maintenance<br>charge|||||Green Jacket Close|||63,164|63614|



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||||||||||Unrestricted|Restricted|Year ended|Year ended|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||funds|funds|31.12.22|31.12.21|
|Investment<br>management||||fees|||||69,151|4,713|73,863|7i,141|
|C4C fundratsmg|costs||||||||1,438||1,438|3,013|
||||||||||70,589|4,713|75,302|74,154|
|CHARITABLE ACTIVITIES|||||||COSTS||||||
||||||||||Grant funding||Support||
||||||||||Direct|ofactivities|costs||
||||||||||costs|(see note 7)|(see note 8)|Totals|
||||||||||8||||
|RHQ|||||||||213,492|491,680|89,955|795,127|
|Green Jacket Close|||||||||85,367||357|85,723|
|RGJ Ladies Guild||||||||||3,950|125|4,075|
|Peter Batsman|bursary|||||||||5,605||5,605|
|Joanne Booth-Mason||Memorial|||||Fund|||3,478||3,478|
|Margaret Philhps<br>Legacy Fund||||||||||40,034||40,034|
||||||||||298,858|544,747|90,436|934,042|
|GRANTS PAYABLE|||||||||||||
||||||||||||Year ended|Year ended|
||||||||||||31.12.22|31.12.21|
||||||||||||8|K|
|Grants<br>to other|Channes||||||||||60,000|60,000|
|Through RHQ|||||||||||431,680|333,818|
|RGJ Ladtes Gudd|||||||||||3,950|2,625|
|Grants through|Peter|Bateman||||Bursary|||||5,605|2,670|
|Grants through|Joanne||Booth||Mason Memonal|||Fund|||3,478|4,836|
|Grants through|John|Harris (DLI) Bequest Fund|||||||||||
|Grants<br>through|Margaret|||Philltps|||Legacy Fund||||40,034|23,995|
||||||||||||544,747|427,944|
|Total ofgrants|paid|during the||||year was as follows:|||||||
||||||||||||Year ended|Year ended|
||||||||||||31.12.22|31.12.21|
|||||||||||||g|
|ABF (Thc Soldiers'||Charity)|||||||||60,000|60,000|
|Grants to battahons||(Through||||RHQ)|||||53,200|60,000|
|C4C (Through|RHQ)||||||||||63,586|42,968|
|Through RHQ|||||||||||314,894|230,850|
||||||||||||491,680|393,818|
|RGJ Ladtes Guild Christmas|||||grants||||||3,950|2,625|
|Peter Batsman|bursary||grants||||||||5,605|2,670|
|Joanne Booth-Mason|||Memorial||||Fund grants||||3,478|4,836|
|Margaret<br>Phillips Legacy Fund|||||||||||40,034|23,995|
||||||||||||544,747|427,944|



|Investment<br>management|fees|
|---|---|
|C4C fundratsmg<br>costs||



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|SUPPO|RT COSTS|||||
|---|---|---|---|---|---|
|||||Year ended|Year ended|
|||Management|Governance|31.12.22|31.12.21|
|RHQ||82,937|7,018|89,955|66,681|
|Green Jacket Close||357||357|348|
|RGJ Ladies Guild||||||
|||83,294|7,018|90,312|67,030|
|GOVERNANCE COSTS||||||
|||Unrestricted|Restricted|Year ended|Year ended|
|||funds|funds|31.12.22|31.12.21|
||||g|||
|Fidelity|insurance||||1,116|
|Auditors'|remuneration|7,018||7,018|6,354|
|||7,018||7,018|7,470|



## 

|STAFF COSTS|||||
|---|---|---|---|---|
||||Year ended|Year ended|
||||31.12.22|31.12.21|
|Wages and salaries|||65,043|42,269|
|The average monthly|number ofemployees|during the year was as foilows:|||
||||Year ended|Year ended|
||||31.12.22|31.12.21|
|Green Jacket Close|and RHQ support||3|3|



## 



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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|INCOME FROM|||||
|Donations<br>and legacies||649,756|1,543|651,299|
|Investment<br>income||216,387|15,388|231,775|
|Charitable<br>activities|||||
|Green Jacket Close|||63,614|63,614|
|Total||866,143|80,545|946,688|
|EXPENDITURE ON|||||
|Raising funds||69,450|4,704|74, 154|
|Charitable<br>activities||500,436|116,631|617,067|
|Total||569,886|121,335|691,221|
|Net gains/(losses)<br>on investments||1,397,261|99,588|1,496,849|
|Net income/(expenditure)||1,693,518|58,798|1,752,316|
|Trasnfer between<br>funds|||||
|Net movement<br>in funds||1,693,518|58,798|1,752,316|
|RECONCILIATION|OF FUNDS||||
|Total funds brought forward||15,588,152|6,531,606|22,119,758|
|TOTAL FUNDS CARRIED FORWARD||17,281,670|6,590,404|23,872,074|





## 

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||Freehold|
|---|---|
||property|
||E|
|MARKET VALUE||
|B/fwd|5,345,000|
|Revaluation||
||5,345,000|
|NET BOOK VALUE||
|At 31December 2022|5,345,000|
|At 31 December 2021|5,345,000|



## 

||Listed|
|---|---|
||investments|
||g|
|MARKET VALUE||
|At I January 2022|18,270,924|
|Additions|4,773,957|
|Disposals|(4,543,957)|
|Revaluation|(1,327,179)|
|At 31 December 2022|17,173,745|



|NET BOOK VALUE||
|---|---|
|At 31 December 2022|17,173,745|
|At 31 December 2021|18,270,924|



|||||Market|
|---|---|---|---|---|
|||||value|
|||||g|
|Within|the|United|Kingdom|6,845,047|
|Outside|the|United|Kingdom|10,328,698|
|||||17,173,745|





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|15.|DEBTORS||||
|---|---|---|---|---|
||||2022|2021|
||Other debtors||103,559|195,187|
|16.|CASH AT BANK||||
||Cash at bank is represented<br>by:||||
||||2022|2021|
||||8|8|
||Cash held by RHQ||132,190|128,332|
||Cash held by RGJ Ladies|Guild|5,242|1,203|
||Cash held by Rifleman's|Air Society|218|269|
||||137,650|129,803|
|17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2022|2021|
||||E||
||Other creditors||71,673|68,840|





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|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|2022|2021|
|||||||f|f|||
||Fixed assets|||||720,000|4,625,000|5,345,000|5,345,000|
||Investments|||||16,116,384|1,057,360|17,173,744|16,649,073|
||Current<br>assets|||||(524,601)|765,810|241,210|201,549|
||Current<br>liabilities|||||(71,445)|(228)|(71,673)|(75.865)|
|||||||16,240,338|6,447,943|22,688,281|22,119,758|
|19.|MOVEiMKNT<br>IN FUNDS|||||||||
|||||Balance «t|Incoming|Resources|Investments||Balance at|
|||||01.01.2022|resources|expended|gains/(losses)|Transfers|31.12.2022|
|||||||f||f.|8|
||Unrestricted<br>funds|||||||||
||General|||17,281,670|I 069,382|865 716|(1,244 998)||16240 338|
||Restricted<br>funds|||||||||
||RGJ Ladies Guild|||256,495|4,252|5,077|(17,887)||237,783|
||Green Jacket Close|||5,793,361|70,398|87.466|(30,270)||5,746,023|
||Peter Bateman Bursary|||23,239|282|5,673|(934)||16,915|
||Joanne Booth-Mason|||15,414|700|3,518|(469)||12,126|
||John Hams (DLI) <br>Margaret<br>Phillips|Bequest Fund<br>Legacy Fund||501,895|7716|41,894|~32,621)||435,096|
|||||6,590,404|83,348|143,628|(82,181)||6,447,943|
||Comparatives<br>for movement||in funds|||||||
|||||Balance at|Incoming|Resources|Investments||Balance at|
|||||0L01.2021|resources|expended|gains/(losses)|Transfers|31.12.2021|
|||||8|I||f.|I||
||Unrestricted<br>funds|||||||||
||General|||15,588,152|866,143|569 886|1,397,261||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 Hares (DLI)|Bequest Fund||||||||
||Margaret<br>Phillips|Legacy Fund||481,029|6,222|25 887|40,531||501 895|
|||||6,531,606|80.545|121,335|99,588||6,590,404|
||TOTAL FUNDS|||22,119,758|946,688|691,221|1,496,S49||23,872,074|





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||||||||Year ended|Year ended|
|---|---|---|---|---|---|---|---|---|
||||||||31.12.22|31.12.21|
|||||||||g|
|INCOME|FROM||||||||
|Donations|and legacies||||||||
|Regimental|subscriptions||||||131,299|147,284|
|Subscriptions<br>—RGJ Ladies Guild||||||||565|
|Donations|—general||||||101,565|7,369|
|Donations|—C4C appeal||||||64,560|130,764|
|Donations|—Joanne|Booth-Mason||Memorial|Fund||527|569|
|Legacy income|||||||484,216|364,748|
||||||||782,614|651,298|
|Investment<br>income|||||||||
|Investment|income|- general|||||287,075|216,377|
|Investment|tncome|—RGJ Ladies||Guild|||4,160|3,170|
|Investment|income|—GJ Close|||||7,234|5,556|
|Investment|income|- Peter Bateman bursary|||||282|230|
|Investment|income|—Joanne Booth Mason|||Memorial|Fund|173|210|
|Investment|income|- Margaret|Phillips Legacy||||7,716|6,222|
|Deposit account interest - general|||||||311|10|
||||||||306,952|231,774|
|Charitable<br>activities|||||||||
|Green Jacket Close||maintenance||charge|||63,164|63,614|
||||||||1,152,730|946,686|
|EXPENDITURE ON|||||||||
|Raising funds|||||||||
|Investment|management<br>fees||||||73,863|71,141|
|C4C fundraising|||||||1,438|3,013|
||||||||75,302|74,153|
|Charitable<br>activities|||||||||
|Wages|||||||68,742|46,200|
|Insurance|—Green Jacket Close||||||3,018|2,327|
|Green Jacket Close||—general maintenance|||||27,820|39,396|
|Green Jacket Close||—major repairs and contingency|||||39,562|26,677|
|Casualty|support||||||260|3,300|
|Wreaths/|Rememberence||||||3,182|4,193|
|Grants|||||||544,747|427,944|
|Tesco vouchers|||||||156,274||
||||||||843,605|550,037|





## 

|||Year ended|Year ended|
|---|---|---|---|
|||31.12.22|31.12.21|
|Support costs||||
|Postage and stationery||484|460|
|Telephone||856|449|
|IT support costs||26,667|28,813|
|Rifles database||5,000||
|Training||5,220||
|Staffhonoraria||12,000|12,000|
|Fidelity insurance|||1,116|
|Professional<br>fees||1,590||
|Accountancy||7,083|7,279|
|Auditors<br>remuneration||7,018|6,354|
|Interest paid||9||
|Travel||24,507|10,557|
|||90,436|67,030|
|Total||1,009,344|691,220|
|Net (losses)/gains|on investments|(1,327,179)|1,496,849|
|Net (expenditure)/income||(1,183,793)|1,752,315|





## 

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|||||RGJ Ladies|Green|Peter|Joanne|Joanne|John Harris||Margaret|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Guild|Jacket|Bateman|Booth-Mason||(DLI) Bequest||Phillips|
|||||Fund|Close|Bursary|Memorial|Fund|Fund|Legacy Fund||
||||||||||||8|
|INCOtME FROM||||||||||||
|Subscriptions||||||||||||
|Investment<br>income||||4,160|7,234|282||173|||7,716|
|Green Jacket Close|maintenance||charge||63,i64|||||||
|Donattons||||92||||527||||
|Total||||4,252|70,398|282||700|||7,716|
|EXPENDITURE|ON|||||||||||
|Wages|||||14,967|||||||
|Insurance|||||3,018|||||||
|Telephone|||||357|||||||
|General maintenance|||||27,820|||||||
|Major repairs|||||39,562|||||||
|Postage and stationery||||125||||||||
|Grams payable||||3,950||5,605||3,478|||40,034|
|Investmcnt<br>management||fees||1,002|1,742|68||41|||1,859|
|Total||||5,077|87,466|5,673||3,518|||41,894|
|Nct (losses)/gains<br>on mvestments||||-17,887|-30,270|-934||-469|||-32,621|
|Net (expenditure)/income||||-18,712|-47,338|-6,324||-3,288|0||-66,799|
|Transfer between|funds|||||||||||
|Net movement<br>in|funds|||-18,712|-47,338|-6,324||-3,288|0|—|66,799|
|RECONCILIATION||OF FUNDS||||||||||
|Total funds brought||forward||256,495|5,793,361|23,239||15,414|||501,895|
|TOTAL FUNDS|CARRIED FORWARD|||237,783|5,746,023|16,915||12,126|||435,096|