2025-12-31-accounts - Royal Artillery Institution Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	`Page`
`Trustees’andAdministrativeInformation`	`1`
`Trustees’Report`	`2-10`
`ReportoftheAuditors`	`11-14`
`StatementofFinancialActivities`	`15`
`BalanceSheet`	`16`
`Cash FlowStatement`	`17`
`NotestotheFinancialStatements`	`18-25`
`PriorYearComparatives`	`26`

	`2024`	`Total`	`£`	`457,924`	`278,259`	`192,134`	`1,187`	`929,504`			`102,753`	`1,005,160`	`600`	`1,108,513`	`(179,009)`		`755,586`	`576,577`		`576,577`	`11,330,818`	`11,907,395`
	`2025`	`Total`	`£`	`491,723`	`263,908`	`192,429`	`3,436`	`951,496`			`86,343`	`2,338,031`	`16,462`	`2,440,836`	`(1,489,340)`		`979,505`	`(509,835)`		`(509,835)`	`11,907,395`	`11,397,560`
`IncomeandExpenditure`	`Unrestricted` `Restricted`	`Funds` `Funds`	`Income` `Notes` `£`	`DonationsandlegaciesincSPGS` `2` `491,723`	`Investmentincome` `247,446`	`CharitableActivities` `3` `192,429`	`OtherIncome` `4` `3,436`	`TotalincomebeforeExpenditure` `935,034`	`Expenditureon:`		`Raisingfunds` `86,343`	`CharitableActivitiesincGrantspaidandpayable` `5` `2,338,031`	`BaxterFundGrants` `-`	`Totalexpenditure` `2,424,374`	`Net(expenditure)/incomefortheyearbeforegainson` `(1,489,340)`	`Investments`	`Netgainsoninvestmentassets` `880,929`	`Net(expenditure)/income` `(608,411)`	`Transfers` `11` `-`	`Netmovementinfunds` `(608,411)` `98,576`	`Totalfundsbroughtforward` `10,832,004` `1,075,391`	`Totalfundscarriedforward` `10,223,593` `1,173,967`	`Thenotesonpages18to25formpartofthesefinancialstatements`

		`2025`	`2024`
		`£`	`£`
`Fixedassets`
`Investments`	`6`	`12,210,523`	`11,728,448`
`Tangiblefixedassets`	`7`	`20,298`		`-`
		`12,230,821`	`11,728,448`
`Currentassets`
`Stocks`	`8`	`11,642`	`12,700`
`Debtors`	`9`	`91,406`	`53,797`
`Prepayment`		`1,600`	`2,500`
`CashatBankandinhand`		`436,835`	`310,354`
		`541,483`	`379,351`
`Currentliabilities`
`Creditors:Amountsfallingduewithinoneyear`	`10`	`(1,374,744)`	`(200,404)`
`Netcurrentassets`		`(833,261)`	`178,947`
`Totalassetslesscurrentliabilities`		`11,397,560`	`11,907,395`
`Funds`
`UnrestrictedFunds`		`10,223,593`	`10,832,004`
`RestrictedFunds`	`11`	`1,173,967`	`1,075,391`
		`11,397,560`	`11,907,395`

			`2025`	`2024`
	`Note`		`£`	`£`
`Netcashusedinoperatingactivities`	`1`		`(593,491)`	`(437,299)`
`Cashflowsfrominvestingactivities`
`Dividends,interestandrentsfrom`
`investments`			`263,908`	`278,259`
`Purchaseofinvestments`			`(3,430,243)`	`(2,905,018)`
`Proceedsfromsaleofinvestments`			`3,934,639`	`3,267,338`
`Purchaseoftangiblefixedassets`			`(24,122)`	`-`
`Netcashprovidedby/(usedin)investing`
`activities`			`744,181`	`640,579`
`Netincreaseincash& cashequivalents`			`150,690`	`203,280`
`Cash& cashequivalentsatthebeginningof`
`theyear`			`405,121`	`201,843`
`Cashandcashequivalentsatendoftheyear`	`2`		`555,811`	`405,123`
`Notestothecashflowstatement`
`Reconciliationofnetmovementinfundstonet`			`2025`	`2024`
`cashflowfromoperatingactivities`			`£`	`£`
`Netmovementinfunds`			`(509,835)`	`576,577`
`Loss/(gain)oninvestments`			`(979,505)`	`(755,586)`
`Investmentincome`			`(263,908)`	`(278,259)`
`Increaseininvestmentsduetochanges`	`inaliquot`		`17,243`	`5,286`
`(Increase)/Decreaseinprepayments`			`900`	`(770)`
`(increase)/Decreaseinstock`			`1,059`	`1,870`
`(Increase)/decreaseindebtors`			`(37,609)`	`(4,581)`
`(Decrease)/Increaseincreditors`			`1,174,340`	`18,164`
`DepreciationCharge`			`3,824`	`-`
`Netcashusedinoperatingactivities`			`(593,491)`	`(437,299)`
`Analysisofcashandcashequivalents`		`At1Jan`	`Cash`	`At 31Dec`
`andnetdebt`		`2025`	`flow`	`2025`
		`£`	`£`	`£`
`Cashonshorttermdeposit`		`310,354`	`126,481`	`436,835`
`CashheldinInvestments`		`94,767`	`24,209`	`118,976`
`Netcashprovidedbyoperating`		`405,121`	`150,690`	`555,811`
`activities`

		`2025`	`2024`
		`£`	`£`
	`Officers’subscriptions(SPGS)`	`195,111`	`195,079`
	`Soldiers’subscriptions(SPGS)`	`163,661`	`156,970`
	`Donations`	`8,181`	`9,028`
	`Legacies`	`1,000`	`-`
	`IntangibleIncome— WagesinKind`	`123,770`	`96,847`
		`491,723`	`457,924`
`3`	`CharitableActivitiesIncome`
		`2025`	`2024`
		`£`	`£`
	`RAPublications— Subscription`	`24,018`	`25,885`
	`RAPublications— Advertisingincome`	`642`	`3,120`
	`Grants(RAI& RACF)`	`101,347`	`95,721`
	`GrantsReceived`	`66,169`	`65,991`
	`Royalties`	`253`	`294`
	`InvestmentIncome`	`-`	`1,123`
		`192,429`	`192,134`
`4`	`OtherIncome`
		`2025`	`2024`
		`£`	`£`
	`Saleofbooks`	`609`	`598`
	`ReceiptsofLaidDownWines`	`2,743`	`441`
	`BankInterest`	`84`	`148`
		`3,436`	`1,187`

	`2025`	`2024`
`AnnualAllocations:`	`£`	`£`
`TheGunnerMagazine`	`6,121`	`6,137`
`MasterGunner'sExpenses`	`9,028`	`7,177`
`MasterGunners` `Portrait`	`19,855`		`,`
`RASports`	`222,515`	`187,800`
`RAHOMess`	`19,478`	`8,098`
`RACentralSergeantsMessFund`	`21,283`	`26,335`
`SupportofUnits- UnitGrants`	`76,820`	`74,125`
`SupporttoSenior/CommandingOfficers`	`19,122`	`18,155`
`andmiscellaneousevents`
`Recruiting`	`29,743`	`25,085`
`RegimentalExpenses`	`42,665`	`39,176`
`AnnualContingencyReserve`	`25,395`	`18,801`
	`492,025`	`410,889`
`OtherGrants:`
`AdventurousTraining`	`1,000`	`1,100`
`SandownTransport`	`14,016`	`13,871`
`Misc`	`2,648`	`1,081`
`BettermentGrants`	`77,000`	`23,954`
	`94,664`	`40,006`
`GranttoRAM`	`1,314,574`	`159,872`
`TotalGrantsPaid`	`1,901,263`	`610,767`
`SupportCosttoCharitableActivities:`
`Salaries`	`213,629`	`232,272`
`EmployersPensionContributions`	`18,508`	`19,977`
`EmployerNIContribution`	`26,044`		`:`
`WagesinKind`	`123,770`	`96,847`
	`381,951`	`349,096`
`Presentation& Awards`	`5,641`	`5,512`
`Printing,postage& Stationery`	`6,264`	`3,473`
`Computersoftware/Hardware`	`3,589`	`5,741`
`Insurance`	`8,746`	`8,999`
`Chattels(maintenance)`	`11,182`	`9,190`
`Travelling& Entertainment`	`1,453`	`1,310`
`OfficeEquipmentDepreciationCharge`	`3,824`		`:`
`Miscellaneous`	`1,854`	`784`
`AuditFees`	`11,580`	`9,294`
`AuditFeesUnderProvision`
`LegalandProfessionalFees`	`684`	`994`
`TotalSupportCosts`	`54,817`	`45,297`
`TotalCharitableActivities`	`2,338,031`	`1,005,160`

	`2025`	`2024`
	`£`	`£`
`Quotedinvestments`
`Marketvalueat1 January`
	`11,633,682`	`11,245,700`
`Purchases`	`3,430,243`	`2,905,018`
`Salesproceeds`	`(3,934,639)`	`(3,267,338)`
`InvestmentManagementFee`	`(55,369)`	`(54,639)`
`Netrealised/unrealisedLosses`	`979,509`	`755,586`
`AliquotChanges`	`(17,251)`	`(5,286)`
`Cashmovements`	`174,348`	`149,407`
`Marketvalueat31December`	`12,210,523`	`11,728,448`
`Historicalvalueat31December`	`9,990,647`	`9,990,647`

	`2025`	`2024`
	`£`	`£`
`Investment/CashBreakdown`
`Investments`	`12,091,545`	`11,633,681`
`IncomeAccount`	`76,600`	`54,835`
`Dealing& DépositAccount`	`42,378`	`39,932`
`Marketvalueat31December`	`12,210,523`	`=11,728,448`

		`2025`	`2024`
		`£`	`£`
`Costat1 January2025`
`Purchases`		`24,122`	`;`
`At 31December2025`		`24,122`	`'`
`Depreciationat` `1January2025`
`Chargefortheyear`		`3,824`
`At 31December2025`		`3,824`
`NetBookvalueat31December2025`		`20,298`	`*`
`NetBookValueat31`	`December2024`
`ocks`
		`2025`	`2024`
		`£`	`£`
`MedalsandSwords`		`5,506`	`6,428`
`Books`		`6,136`	`6,272`
		`11,642`	`12,700`

	`2025`	`2024`
	`£`	`£`
`AccruedServiceGivingIncome`	`29,759`	`29,704`
`Insuranceonbehalfofthirdparties`	`122`	`122`
`InvestmentIncome`	`1,169`	`1,173`
`SundryDebtors`	`25,414`	`19,473`
`CSM`	`34,942`	`3,325`
	`91,406`	`53,797`

	`2025`	`2024`
	`£`	`£`
`Amountsfallingduewithinoneyear:`
`Accrualsanddeferredincome`	`1,173,800`	`18,800`
`OtherCreditors`	`30,874`	`22,747`
`RHAAssociation`	`121,156`	`113,157`
`RedCypher`	`48,914`	`45,700`
	`1,374,744`	`200,404`

`+2025RestrictedFund`
	`Balance`	`Incoming`	`Outgoing`	`Net`	`gainson`	`Balanceat`	`31`
	`1January25`	`Resources`	`Resources`	`Investment`		`December`	`25`
	`£`	`£`	`£`		`£`		`£`
`BaxterFund`	`1,047,911`	`16,462`	`(16,462)`		`98,576`	`1,146,487`
`RegimentalChurch`	`16,980`	`-`	`-`		`-`	`16,980`
`RoyalArtilleryChurch`	`10,500`	`-`	`-`		`-`	`10,500`
`Refurbishment`
`Total`	`1,075,391`	`16,462`	`(16,462)`		`98,576`	`1,173,967`
`2024RestrictedFund`
	`Balance`	`Incoming`	`Outgoing`	`Net`	`losses`	`Balanceat`
	`1January24`	`Resources`	`Resources`	`Gain`	`on`	`31December`
	`£`	`£`	`£`	`Investment`		`24`
					`£`	`£`
`BaxterFund`	`969,357`	`16,541`	`(600)`		`62,613`	`1,047,911`
`RegimentalChurch`	`16,980`	`-`	`-`		`-`	`16,980`
`RoyalArtilleryChurch`	`10,500`	`-`	`-`		`-`	`10,500`
`Refurbishment`
`Total`	`996,837`	`16,541`	`{600)`		`62,613`	`1,075,391`

			`2025`
		`Fixed`	`Netcurrent`	`Net`
	`Investments`	`assets`	`(tiabilities)/`	`Total`
			`assets`
	`£`	`£`	`£`	`£`
`Restrictedfunds:`
`BaxterFund`	`1,050,799`	`-`	`95,688`	`1,146,487`
`RegimentalChurchFund`	`-`	`-`	`16,980`	`16,980`
`RAChurchRefurb`	`-`	`-`	`10,500`	`10,500`
	`1,050,799`	`-`	`123,168`	`1,173,967`
`Unrestrictedfunds:`
`GeneralFund`	`11,159,724`	`20,298`	`(956,429)`	`10,223,593`
	`12,210,523`	`20,298`	`(833,261)`	`11,397,560`
			`2024`
		`Fixed`	`Netcurrent`	`Net`
	`Investments`	`assets`	`(liabilities)/`	`Total`
			`assets`
	`£`	`£`	`£`	`£`
`Restrictedfunds:`
`BaxterFund`	`971,884`	`-`	`76,027`	`1,047,911`
`RegimentalChurchFund`	`-`	`-`	`16,980`	`16,980`
`RegimentalChurchFund`	`-`	`-`	`16,980`	`16,980`
`RAChurchRefurb`	`-`		`10,500`	`10,500`
	`971,884`	`-`	`103,507`	`1,075,391`
`Unrestrictedfunds:` `GeneralFund`	`10,756,564`	`-`	`75,440`	`10,832,004`
	`11,728,448`	`-`	`178,947`	`11,907,395`

				`2024`	`Combined`	`Total`		`457,924`	`278,259`	`192,134`	`1,187`	`929,504`		`102,753`	`826,651`	`1,005,160`	`600`	`1,005,760`	`(179,009)`		`755,586`	`576,577`		`576,577`	`11,330,819`	`11,907,396`
				`Restricted`	`TheRAI`	`Funds`																		`78,554`	`996,837`	`1,075,391`
				`Unrestricted`	`Gunner`	`Funds`	`£`	`45,038`	`1,123`	`45,128`		`91,289`	`44,684`		`46,505`	`47,512`		`47,512`	`(907)`
`NOTESTOTHEFINANCIALSTATEMENTS(Continued)`	`FORTHEYEARENDED31DECEMBER2024`	`14.` `PriorYearComparativesfortheStatementofFinancialActivities`	`IncomeandExpenditure`	`Unrestricted`	`TheRAI`	`Funds`	`Income` `Notes` `£`	`DonationsandlegaciesincSPGS` `2` `412,886`	`Investmentincome` `260,595`	`CharitableActivities` `3` `147,006`	`OtherIncome` `4` `1,187`	`TotalincomebeforeExpenditure` `821,674`	`Expenditureon:`	`Raisingfunds` `58,069`	`Netfundsavailableforcharitableactivities` `763,605`	`CharitableActivitiesincGrantspaidandpayable` `5` `957,648`	`BaxterFundGrants` `-`	`Totalexpenditure` `957,648`	`Net(expenditure)/Incomefortheyearbeforegainson` `(194,043)`	`Investments`	`Net(losses)/gainsoninvestmentassets` `688,709`	`Net(expenditure)/Income` `494,666`	`Transfers` `-`	`NetMovementinFunds` `494,666`	`Totalfundsbroughtforward` `10,257,563`	`Totalfundscarriedforward` `10,752,229`