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2022-03-31-accounts

					Page
Reference and administrative		details ofthe Charity,	its Trustees	and advisers
Trustees' report					2-6
Independent examiner's	report				7-8
Statement of financial	activities
Balance sheet					10
Notes to the financial statements					11-19

Trustees		Lt Gen I Cave CB, Chairman	Lt Gen I Cave CB, Chairman	Lt Gen I Cave CB, Chairman	and Colonel of Regiment	and Colonel of Regiment	and Colonel of Regiment
		Brig S Banton OBE, Deputy			Colonel Heritage
		Brig S Bell QVRM, Deputy Colonel RRCM (resigned					19January 2022)
		Brig C Ginn		CBE, Deputy Colonel RRCM (appointed			19January 2022)
		Brig P Kimber OBE, Deputy			Colonel Benevolence	&	Finance
		Col A Walton MBE
		Lt Col (Retd) M Jackson OBE
		Lt Col (Retd) N Mackinstosh
		Lt Col D Canham OBE, CO1 Mercian
		Lt Col R Grover MBE, CO2			Mercian
		Lt Col R Spalton, CO4 Mercian
		Mr M Elliott
Charity registered
number		1125179
Principal office		Regimental		Headquarters
		The Mercian		Regiment
		Whittington		Barracks
		Lichfield
		Staffordshire
		WS149TJ
Financial secretary		Mrs P Mear
Accountants		Dains Audit		Limited
		15Colmore		Row
		Birmingham
		B32BH
Bankers		CAF Bank
		25 Kings Hill		Avenue
		West Mailing
		ME194JQ
		Royal Bank		of Scotland
		200 Fowler	Avenue
		Farnborough
		GU14 7JP
Investment	Managers	Investec Wealth and Investment
		2 Gresham	Street
		London
		EC2V 7QN

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
		Note	E	E	E
Income from:
Donations and legacies			70,307	70,307	71,475
Charitable activities			14,964	14,964	9,718
Investments			45,622	45,622	41,041
Total income			130,893	130,893	122,234
Expenditure on:
Raising funds			11,256	11,256	10,028
Charitable activities			70,034	70,034	63,439
Total expenditure			81,290	81,290	73,467
Net income before	net gains on investments		49,603	49,603	48,767
Net gains on investments			68,610	68,610	276,955
Net movement in funds			118,213	118,213	325,722
Reconciliation offunds:
Total funds brought	forward	14	1,788,759	1,788,759	1,463,037
Net movement in funds			118,213	118,213	325,722
Total funds carried forward		14	1,906,972	1,906,972	1,788,759

						2022		2021
				Note				F
Fixed assets
Investments						1,805,881		1,702,915
Current assets
DebtoI s				12	5,127		6,287
Cash at bank	and	in	hand		98,466		91,857
					103,593		98,144
Creditors; amounts			falling due within one
year				13	(2,502)		(12,300)
Net current	assets					101,091		85,844
Total net assets						1,906,972		1,788,759
Charity funds
Unrestricted	funds			14		1,906,972		1,788,759
Total funds						1,906,972		1,788,759

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
	E		E
Donations	12,375	12,375	15,507
Day's Pay Scheme	57,932	57,932	55,968
	70,307	70,307	71,475

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			F	F	F
Donations		- 1 Mercian	9,283	9,283	1,685
Donations		-2 Mercian	3,739	3,739	2,623
Donations		-4 Mercian	338	338	674
Grants	returned		1,604	1,604	4,736
			14,964	14,964	9,718

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
		F	F	F
Dividend	and fixed interest receipts	45,612	45,612	41,014
Bank interest		10	10	27
		45,622	45,622	41,041

					Unrestricted	Total	Total
					funds	funds	funds
					2022	2022	2021
					F	F	F
	Investment	management		fees	11,256	11,256	10,028
7.	Analysis	of	grants
					Grants to	Total	Total
					Individuals	funds	funds
					2022	2022	2021
					F	f.	F
	Benevolence		grants		53,034	53,034	48,518

		Activities	Grant
		undertaken	funding of	Support	Total	Total
		directly	activities	costs	funds	funds
		2022	2022	2022	2022	2021
			E	F	E.	E
Benevolence	and relief	13,081	53,034	3,919	70,034	63,439
Total 2021		12,328	48,518	2,593	63,439

			Total	Total
			funds	funds
			2022	2021
			E	E
Army Benevolent		Fund	10,000	10,000
Comradeship	and	Remembrance	2,405	1,354
Other expenses			676	974
			13,081	12,328

			Total	Total
			funds	funds
			2022	2021
			F
Management	costs		313	24
Accountancy	costs		2,460	2,300
Postage and	printing		109	118
Other administrative		costs	1,037	151
			3,919	2,593

							2022	2021
							F	E
Fees payable to the Charity's		independent	examiner	for	the	independent
examination ofthe Charity's		annual accounts					2,460	2,300
Trustees'	remuneration and	expenses
During the	year, no Trustees	received any	remuneration		or other benefits (2021 - ANIL).
During the	year ended 31 March 2022, no		Trustee expenses			have been incurred	(2021 - ANIL).

		Listed
		investments
		F
Market value
At 1 April 2021		1,702,915
Additions		286,210
Disposals		(319,669)
Revaluations		42,667
Cash trading movements		93,758
At 31 March 2022		1,805,881
Net book value
At 31 March 2022		1,805,881
At 31 March 2021		1,702,915
Investments at market value comprise:
	2022	2021
	E	f.
Listed investments	1,644,488	1,626,284
Cash and cash equivalents	161,393	76,631
	1,805,881	1,702,915

				2022	2021
				E	F
	Other debtors			5,127	6,287
13.	Creditors:	Amounts	falling due within one year
				2022	202'I
				F	E
	Accruals and deferred		income	2,502	12,300
14.	Statement	offunds
	Statement	offunds	- current year

Stateme	nt	offunds - c	urrent year
							Balance at
			Balance at 1			Gains/	31 March
			April 2021	Income	Expenditure	(Losses)	2022
			F	F	F	F	E
Unrestricted		funds
General	Funds		1,788,759	130,893	(81„290)	68,610	1,906,972
Statement		offunds - prior year
							Balance at
			Balance at			Gains/	31 INarch
			1 April 2020	Income	Expenditure	(Losses)	2021
			F	F	E	F	F.
Unrestricted		funds
General	Funds		1,463,037	122,234	(73,467)	276,955	1,788,759

		Unrestricted	Total
		funds	funds
		2022	2022
		E	E
Fixed asset investments		1,805,881	1,805,881
Current	assets	103,593	103,593
Creditors	due within one year	(2,502)	(2,502)
Total		1,906,972	1,906,972

Analysis	of net assets between funds - prior year
		Unrestricted	Total
		funds	funds
		2021	2021
		E	E
Fixed asset investments		1,702,915	1,702,915
Current	assets	98,144	98,144
Creditors	due within one year	(12,300)	(12,300)
Tl		1,788,759	1,788,759