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