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||||||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|
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|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||||||
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||||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|
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|||||||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|
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||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|
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||||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|
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|||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|
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||||||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|
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|||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||
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||||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|
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||||||||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).||
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|||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|
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|||||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|
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|||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|
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