2023-03-31-accounts

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

Trustees		Lt Gen I Cave CB, Chairman	Lt Gen I Cave CB, Chairman	and Colonel	of Regiment
		Brig S Banton OBE, Deputy		Colonel Hertiage
		Brig C Ginn	CBE, Deputy Colonel RRCM
		Brig P Kimber OBE, Deputy		Colonel Finance
		Col A Walton MBE
		Lt Col (Retd) M Jackson OBE
		Lt Col (Retd) N Mackinstosh
		Lt Col D Canham OBE, CO1 Mercian (resigned 21 March 2023)
		Lt Col R Grover MBE, CO2 Mercian (resigned 3 February 2023)
		Lt Col R Spalton, CO4 Mercian (resigned			27 April 2023)
		Mr M Elliott
		Lt Col G Brown, CO1 Mercian (appointed			21 March 2023)
		Lt Col C Whitting, CO4 Mercian (appointed			27 April 2023)
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
		30Gresham	Street
		London
		EC2V 7QN

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
		Note	F	F	F
Income from:
Donations and legacies			70,966	70,966	70,307
Charitable activities			8,836	8,836	14,964
Investments			43,108	43,108	45,622
Total income			122,910	122,910	130,893
Expenditure on:
Raising funds			10,907	10,907	11,256
Charitable activities			85,008	85,008	70,034
Total expenditure			95,915	95,915	81,290
Net income before investments			26,995	26,995	49,603
Net (losses)/gains	on investments		(119,292)	(119,292)	68,610
Net movement in	funds		(92,297)	(92,297)	118,213
Reconciliation of	funds:
Total funds brought	forward	14	1,906,972	1,906,972	1,788,759
Net movement in funds			(92,297)	(92,297)	118,213
Total funds carried forward		14	1,814,675	1,814,675	1,906,972

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
Donations	13,658	13,658	12,375
Day's Pay Scheme	57,308	57,308	57,932
	70,966	70,966	70,307

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
Donations - 1 Mercian	5,000	5,000	9,283
Donations - 2 Mercian			3,739
Donations - 4 Mercian	37	37	338
Grants returned	3,799	3,799	1,604
	8,836	8,836	14,964

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
Dividend	and fixed interest receipts	42,643	42,643	45,612
Bank interest		465	465	10
		43,108	43,108	45,622

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
Investment	management	fees	10,907	10,907	11,256

		Activities	Grant
		undertaken	funding of	Support	Total	Total
		directly	activities	costs	funds	funds
		2023	2023	2023	2023	2022
Benevolence	and relief	12,832	69,222	2,954	85,008	70,034
Total 2022		13,081	53,034	3,919	70,034

			Total	Total
			funds	funds
			2023	2022
			F	F
Army Benevolent		Fund	10,000	10,000
Comradeship	and	Remembrance	2,016	2,405
Other expenses			816	676
			12,832	13,081

			Total	Total
			funds	funds
			2023	2022
Management	costs		137	313
Accountancy	costs		2,700	2,460
Postage and	printing		45	109
Other administrative		costs	72	1,037
			2,954	3,919

							Grants to	Total	Total
							Individuals	funds	funds
							2023	2023	2022
	Benevolence	grants					69,222	69,222	53,034
9.	Independent	examiner's	remuneration
								2023	2022
	Fees payable	to the Charity's		independent		examiner	for the independent
	examination	ofthe Charity's		annual	accounts			2,700	2,460

		Listed
		investments
Cost or valuation
At 1 April 2022		1,805,881
Additions		477,559
Disposals		(359,697)
Revaluations		(111,359)
Cash trading	movements	(94,059)
At 31 March	2023	1,718,325
Net book value
At 31 March	2023	1,718,325
At 31 March	2022	1,805,881

Invest	ments at market value comprise:
		2023	2022
		F	F
Listed	investments	1,628,973	1,644,488
Cash	and cash equivalents	89,352	161,393
		1,718,325	1,805,881

12.	Debtors
							2023	2022
	Other debtors						4,584	5,127
13.	Creditors: Amounts	falling due	within one year
							2023	2022
	Accruals and deferred	income					2,734	2,502
14.	Statement offunds
	Statement offunds	- current year
								Balance at
			Balance at 1				Gains/	31 March
				April 2022	Income	Expenditure	(Losses)	2023
	Unrestricted funds
	General Funds			1,906,972	122,910	(95,915)	(119,292)	1,814,675
	Statement offunds	- prior year
								Balance at
			Balance at				Gains/	31 March
			1	April 2021	Income	Expenditure	(Losses)	2022
	Unrestricted funds
	General Funds			1,788,759	130,893	(81,290)	68,610	1,906,972

Analysis of net assets between funds - current ye	ar
	Unrestricted	Total
	funds	funds
	2023	2023
Fixed asset investments	1,718,325	1,718,325
Current assets	99,084	99,084
Creditors due within one year	(2,734)	(2,734)
Total	1,814,675	1,814,675

Analysis of net assets between funds - prior year
	Unrestricted	Total
	funds	funds
	2022	2022
Fixed asset investments	1,805,881	1,805,881
Current assets	103,593	103,593
Creditors due within one year	(2,502)	(2,502)
Tl	1,906,972	1,906,972