Docusign Envelope ID.. 6B732911-182C4FAO-A156-CE5AgE4ECE05 Chority number: 1125179 The Mercian Regiment Benevolent Charity Trustees, Report ond Finonciol Statements For the Year Ended 31 Morch 2025 rfJDAINS
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Docusign Envelope ID.. 6B732911-1 B2C4FAO-A156-CE5A9E4ECEOS The Mercian Regiment Benevolent Charity Contents Page Reference ond Administrative Details of the Charity. its Trustees and Advisers Trustees, Report Independent Examiner's Report Statement of Financiol Activitles Balonce Sheet 10 Notes to the Finonciol Stotements
Docusign Envelope10'. 68732911-1B2C4FAO-A156-CE5A9E4ECE05 The Mercion Regiment Benevolent Chority Reference and Administrotive Details of the Charity. its Trustees ond Advisers For the Yeor Ended 31 March 2025 Trv5tees Lt Gen Sir lon Cove KCB, Choirman and Colonel of Regiment Brig (Retd) S Banton OBE. Deputy Colonel Heritoge Brig (Retd) C Ginn CBE, Depuly Colonel CME Brig (Reid) P Kimber OBE. Deputy Colonel Finonce Col (Aetd) A Walton MBE Lt Col (Retd) M Jockson OBE Lt Col (Aetd) N Mockinstosh Maj (Retd) M Bonks (appointed 30 October 2024) Lt Col G Brown, COI Mercion (resigned 30 September 2025) Lt Col C Whitting. C04 Mercion (resigned 1 September 2025) Mr M Elliott Lt Col N Porkinson OBE. C01 Mercion (oppointed 30 September 2025) Lt Col A Lowson. C04 Mercion (appointed 1 September 2025) Chority registered number 1125179 Principal office Regimenlol Heodquorfers The Mercion Regiment Whittington Borracks Lichfield Stoffordshire WS14 9TJ Financial secretary Mrs P Meor Accountants Dains Audit Limited 2 Chamberloin Squore Birmingham B3 3AX Bankers CAF Bank 25 Kings Hill Avenue West Molling NE19 4JQ Royol Bonk of Scotland 200 Fowler Avenue Fornborough GU14 7JP Investment Monagers Roihbones Group PIC 30 Greshom Street London EC2V 7QN Poge I
Docusign Envelope ID.. 6B732911-1 B2c4FAAlscESA9E4ECE05 The Mercian Regiment 8enevolent Charity Trustees, Report For the Year Ended 31 Morch 2025 The Trustees present their onnuol report together with the finonciol statements of the Charity for the year l April 2024 to 31 Norch 2025. Objectives ond ortlvities o. Policies ond objectives The principle objective of The Mercion Benevolent Charity 15 the moking of gronts for the relief. generally or individually. of post ond present members of the Regiment ond former Regiments and their dependents who are in need. hardship or distress. During the reporting yeor. l April 2024 to 31 Morch 2025. the main activity for the public benefit involved the giving of gronts for relief totolling £66,947 (2024.. £63.569) In setting objectives and plonning for activities, the Truslees have given due considerotion to general guidonce published by the Charity Commission reloting to public benefit. including the guidance 'Public benef It.. running a charity (PB2)' b. Activities undertoken to achieve objectives During the f inoncial year the charitu hos benefitted through the generosily of fundr0i5ers. including income roised ot a chority golf doy. Hercion Service Personnel completing o copious omoLJnt of miles on foot in the name of the chority. bike rides. generous donors and In lieu of flowers for someone's funeral. c. Gront-moking policies Flegimental Instruction 3.. The Mercion Regiment Benevolent Charity operating procedures omendment 19 (dated 21 Oct 2024) detoils how grants must be monoged,. in SL)mmary that onlu members of the Mercian Regiment or its ontecedent Regiments and their close fomily ore entitled to assistance from the charity. the latest amendment now Includes provision for serving Reservists/veterans. Members thot hove not subscribed lo the solory socrifice scheme referred to as the Doy's Poy Scheme will not be eligible for assistonce unless there are extreme mitigating circumstonces. Also detailed is how applicotions ore to be processed for consideration. what is deemed os worthy for a gront to be awarded, the levels of disbursement ond who con opprove them. All gronts ore poid to a third party ond not directly lo the opplicant. Poge 2
Docusign Envelope10-. 6B732911-1B2C4FAO-A156-CE5A9E4ECEOS The Merclon Regiment Benevolent Charity Trvstees. Report (continued) For the Year Ended 31 Morch 2025 Achievements ond performance o. Review of activities The main octivity of The Mercion Benevolent Chority Is the provision of grants. the key areos of requests ore received for.. white and brown good5. oge reloted assistance (electric powered vehicles, stoir lifts ond riser choirs), rentol deposits ond priority debts. Annually the chority donates £10K to The Army Benevolent Fund. The Mercian Benevolent Chority hos a protocol whereby ot the very minimum we will contact bereoved fomilies that hove opproved contoct 05 per GDPR. on the anniversary of their Soldierfs death. the onnuol Crich pilgrimoge ond ot Christmas. Furthermore. the charity purchoses ond provides wreaths ond crosses for all memorial events. During this finonciol yeor, the chority investigoted finoncial assistonce into Leafyord. This is on application thot used low-intensity cognitive behovioural therapy to enable users to moke positive chonges to their mentol fitness. This focility vio an opp that can be occessed by phone. iPod or computer Is open to serving personnel. their fomilies and veterans. 11 hos been successful from its initiol launch and details of personnel using this service ore strictly confidential. The charity will review this provision ond review whether to purch05e f urther tokens. Throughout the year, pre5entotion5 ore delivered to the Regulor and Reservist serving personnel of the Mercian Regiment to inform them about solary socrifice. SSAFA cose workers, receive briefings assisting them with how to efficiently submit gront opplicotions enobling them to receive a prompt ond successf ul result. Financiol review a. Going concern After moking appropriate enquiries, the trustees hove a reasonable expectation that the Trust hos odequale resources to continue in operotionol existence for the foreseeable future. For this reason, they continue to adopt the going concern bosis in preparing the financial stotements, b. Reserves policy The capital assets of the Mercion Benevolent Chority shall not fall below £1m. If Ihot level is breached ot ony time. the Chorily's Stotement operoting procedure shall be reviewed so os to limit gronts ond/or the trustees sholl lounch o fund-raising compaign designed to bring the capital ossets back up to the reserve level. Page 3
Docusign Envelope 10.. 6B732911-1 B2C4FAO-A156-CE5A9E4ECE05 The Mercion Regiment Benevolent Chorlty Trustees, Report (continued) For the Year Ended 31 March 2025 c. Prlnclpul fundlng The principle source of funding for the Mercian Benevolent Chority has been through the receipt of monthly contributions mode by serving members of the Nercian Regiment under the Doy's Pay scheme. The Mercion Reservists hove joined thi5 scheme. and this financial year's overoll income was £56K. this being a slight decrease f rom lost year (2019.. £55K., 2020. £55K.' 2021.. £56K,' 2022. £58K', 2023.. £57K.. 2024., £56k). The Mercian Benevolent Chority receives income from serving members of the Mercion Regiment who fundraise by emborking on vorious sporting events to achieve income. The chority olso received fundroising income f rom individuals thot hove arranged events such os chority golf events. also benefiting from donations from the generol public, either directly or vio the charity's Just giving page. d. Investment policy and performance An investment strategy for the charity was opproved by the Trustees. recognising the long-term noture of the chority ond its obligotions. The objective is to grow the income ond reserves of the chority while having sufficient funds to provide in the short term. Rothbones (formerly known 05 Investec Wealth ond Investment) wos oppointed os Investment Monager in August 2012 for the unrestricted funds of the charity. The intention is thot the investments will be in o multi asset income portfolio spread ocross o number of collective investment vehicles and osset classes. Structvre. governance ond monogement a. Constitution Declorotions of Trust in relotion to The Mercian Regimentol Chority ond The Mercion Regiment Benevolent Chority (the "Charities") were made on 7 December 2006 ond these were sealed by the Charity Commission on 23 Januory 2007. The chorities were registered os linked chorities with the Choritg Flegistration No. 1117653. The Trustees elected to seporately register The Mercian Benevolent Chority with effect from 1 April 2008. the Charity Commission ogreed to this request ond ollocoted the Chority Registration No, 1125179. The charities were creoled in anticipation of the lormation of the Mercion Regiment on 31 August 2007 by the merger of the 22nd (Cheshire) Regiment. The Worcestershire ond Sherwood Foresters Regiment ond The Sioffordshire Regiment (The Prince of Wales's) together with elements of the West Midlonds Regiment, a Territorial Army urnit. All three regulor Army Regiments worked together to create the Mercian Regiment Chorily's ond ogreed thot on the formotion of the new Regiment they would tronsfer their choritoble ossets ond responsibilities to the Charity's. b. Methods of appointment or election of Trustees The Chorler for the Regimentol Council the Mercian Regiment. dated 7th December 2006. slated the composition of the council being.. The Colonel of the Regiment. Battalion Commonding Officers, Depuly Colonels of the Regiment representing former Regiments ond Territoriol Battolion, up to 8 other members. initiolly includlng al leost 2 from eoch former Regiment. nominated by the Colonel of the Regiment ond appi'oved by a mojority of the Council, to act as odvisers in specific oreas of responsibility ollocoted by the Colonel of the Regiment. Poge 4
Do¢usign Envelope ID.. 6B732911-1B2C4FAO-A156-CE5A9E4ECE05 The Mercian Regiment Benevolent Chority Trustees, Report (continued) For the Year Ended 31 March 2025 Structure. governonce and management (contlnued) c. Orgonisotional structure ond decislon-moking policies The trustees, oll of whom ore members of the Council of the Mercion Regiment. meet not less ihon half yeorly. There ore oppropriote committees of trustees with cleorly defined written terms of reference deoling with such mollers os Chattels. Nuseums. Finance and Investments, sub-committee reports are provided io the full Council. Detoiled onnual budgets ore prepored and submitted to the Council for opproval. and actual income ond expenditure is compored with budget forecasts. The Mercion Benevolent Chority hos o subcommittee consisting of eight members. two of which are Regimenlol Trustees. The subcommittee meet ot least twice a yeor, overseeing all ospects of the management of the finances. d. Policies adopted for the inductlOD ond truining of Trustees The Charler also stotes that the Regimental Secretary will issue each trustee with the trust deed. any amendments thereto, the most recent report and accounts, and current operating guidelines ond is to obtain on ocknowledgment signature to thot effect. Selected trustee5 and staff attend seminars orgonised by the chority's fund monagers thot include governance ond investment. e. Financial risk management The trustees have a duty to identify and review the risks to which the charity is exposed ond to ensure appropriate controls are in ploce to provide reosonoble assuronce against error and froud. Financial accounting bg the Finonce Officer is supervised by the Chairmon of the Finance Committee and the Chority Secretory carries out o monihly check of all tronsactions processed by ihe Finonce Officer. Plans for future periods The Trustees have continued to deol with the implicotions of the loss of the 2nd Battolion. ond plans are in place for the Laying up of the 2nd Bottolion's Colours. prior lo which they will be paraded for one final time. before being presented to the Deon of Lichfield Cothedrol. where they shall remoin. Since 2007 The Charity has not been drowing on the income generated by the investment portfolio but instead reinvesting the income bul cognisant thot in the future mau need to alter this to drow on the dividends. Golf Motches ore plcjnned to roise funds for the chority next f inoncial ueor. Whilst Mercion service personnel ore tied up with work commitments ond deployments there are plans for fundr0i5ing. Arrangements are being mode to visit ond provide presentotions obout the charity to raise aworeness and funds. The Through Life Core Officer hos been promoting a new long-term study of injured servicemen from Operotionol tours colled the Armed Services Traumo Rehobilitotion Outcome Study. The oim of this study is to investigote the long-term bottlef ield troumo cosualties ond their future heolth implicolions over 0 20-yeor period. A lest group of 500 cosualties will be selected from across the three Armed Services (with 300 being ollocated to the Army), which will hove full medicol ossessments carried out on occeptonce to the trial ond then 3, 5, 10, 15 ond 20 yeors following the first visit. We have been successful in getting 23 Mercion veterons on to the progromme with regulor medical ossessments toking ploce so thot the militory may understand the long term implicatlons of serious injury/troumo sustoined on operotions. Poge 5
Docusign Envelope ID.. 6B732911-1B2C4FAO-A156-CE5A9E4ECE05 The Mercion Regiment Benevolent Charity Trustees, Report (continued) For the Year Ended 51 Morch 2025 Statement of Trustees. responsSblllties The Trustees ore responsible for preparing the Trustees, Report ond the financiol stotements in accordance with opplicoble low ond United Kingdom Accounting Stondards (United Kingdom Generally Accepted Accounting Proctice). The law applicable to chorities in Englond & Woles requires the Trustee5 to prepare finoncial stotements for each finonciol year which give o true ond fair view of the stote of offoirs of the Chority ond of its incoming resources ond opplicotion of resources. including ils income ond expenditure. for that period. In preparing these financial statements. the Trustees are required to.. select suitoble accounting policies ond then apply them consistently.. observe the methods ond principles of the Chorities SORP (FRS 102)., make judgmenls ond accounting estimotes Ihot ore reosonoble and prudent". stote whether opplicoble UK Accounting Siondards (FRS 102) have been followed, subject lo any materiol departures disclosed and exploined in the finoncial statements.. prepare the finonciol stotements on the going concern basis unless it is inoppropriate to presume that the Charity will continue in business. The Trustees ore responsible for keeping adequote accounting records thot ore sufficient to show ond exploin the Charity's tronsactions ond disclose with reasonable accurocy ot any time the finonciol position of the Charity and enoble them to ensure thot the financial statements comply with the Charities Act 2011, the Chority (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for sofeguording the ossets of the Charity and hence for toking reasonoble steps for the prevention ond detection of fraud and other irregularities. Approved by order of the members of the boord of Trustees on 27 November 2025 and signed on their beholf by.. Do¢vSlgned by.. Brig (Retd) P Kimber OBE Deputy Colonel Benevolence & Finonce Poge 6
Docusign Envelope 10.. 6B732911-1B2C4FAO-A156-CE5A9E4ECE05 The Mercion Regiment Benevolent Chority Independent Examiner's Report For the Year Ended 51 March 2025 Independent Examiner's Report to the Trustees of The Mercion Regiment Benevolent Charity ('the Charity? I report to the chority Trustees on my examinotion of the occounts of the Charity for the yeor ended 31 March 2025. Responsibilities and Basis of Report As the Trustees of the Chority you are responsible for the preporotion of the accounts in accordonce with the requirements of the Chorities Act 2011 ('the 2011 Act,). I report in respect of my exominotion of the Chority's occounts corried out under section 145 of the 2011 Act and in corrying out my exominotion I hove followed the opplicoble Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statement Youi olleiilion is drown to the fact thul the Cnaritu hos prepared the occounts in occordonce with Accounting and Reporting by Chorities." Statement of Recommended Practice applicable to chorities preporing their occounts in occordonce with the Financiol Reporting Standord applicable in the UK ond ftepvblic of Irelond (FRS 102) in preference to the Accounting ond Reporting by Charities." Statement of Recommended Practice issued on 1 April 2005 which Is referred to in the extont regulations but has been withdrawn. l understand thot this hos been done in order for the accounts to provide o true ond foir view in accordance with the Generolly Accepted Accounting Proctice effective for reporfing periods beginning on or after 1 January 2015. I hove completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me couse to believe thot in any moteriol respect.. occounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act.. or the occounts do not accord with those records. or the accounts do not comply with the opplicoble requirements concerning the form ond content of occounts set out in the Charities (Accounts ond Reports) Regulations 2008 other thon ony requirement that the occounts give a 'true ond foir, view which is not o motter considered os port of an independent examination. I have no concerns und hove come across no other matters In connection with the exominotion to which attention should be drawn In this report in order to enoble a proper understanding of the occounts to be reached. Poge 7
Docuslgn Envelope ID.. 6B732911-1B2C4FA(>A15&CE5A9E4ECE05 The Mercian Regiment Benevolent Charity Independent Exominevs Report (continued) For the Year Ended 31 March 2025 This report is made solely to the Charity's Trustees, os o body. in accordance with Port 4 of the Chorities (Accounts ond Reports) Regulotions 2008. My work has been undertoken so that I might state to the Chority's Trustees those motters I am required to state to them in on Independent Examiner's Report ond for no other purpose. To the fullest extent permitted by law. I do not accept or ossume responsibility to anyone other thon the Charity and the Charity's Trustees as a body, for my work or for this report. Signed.. Doted." 27 November 2025 Andrew Morris FCA Doins Audit Limited Birmingham Poge 8
Docusign Envelope ID.. 6B732911-1 B2C4FAA1SE5A9E4ECE05 The Mercian Regiment Benevolent Charity Stotement of financlal activities For the Yeor Ended 31 March 2025 Unrestricted funds 2025 Total fvnds 2025 Totol funds 2024 Note Income from: Donotions ond legocies Choritoble octivities 74,652 74.652 71.202 8.702 8.702 9.738 Investments 52.232 52.232 55.018 Total income 135.586 135.586 135.958 Expenditure on: Raising funds Charitoble activities 11.855 11.855 11.073 87.130 87.150 79.520 Total expenditure 98.985 98.985 90.593 Net income before investment5 36,601 36.601 45,365 Net (105ses)/goins on Investments (15.833) (15.833) 84,783 Net movement in funds 20.768 20,768 130,148 Reconciliation of f unds: Total funds brought forward Net movement in funds 1,944.823 1.944.823 1.814.675 20.768 20.768 130.148 Totol funds corried forward 1.965.591 1.965.591 1,944,823 The notes on pages 11 to 19 form part of these finonciol statements. Page 9
Docusign Envelope ID.. 6B732911-1 B2C4FAf)-A156-CE5A9E4ECE05 The Mercian Regiment Benevolent Charity Registered number- Balance Sheet As at 31 March 2025 2025 2024 Note Fixed ossets Investment5 1.866,896 1,845,147 Current assets Debtors 12 4.552 5.081 Cash ot bank ond in hand 97.407 97.566 101.959 102.647 Current liabilities Creditors.. omounts folling due within one year 13 (3.264) (2.971) Net current assets 98,695 99.676 Totol net ossets 1.965.591 1,944,823 Charity fvnds Unrestricted funds 14 1.965.591 1,944.823 Totol funds 1.965.591 1.944.823 The financial statements were opproved and outhorised for issue by the Trustees on 27 November 2025 and signed on their beholf bu DocuSi9nEd by.. B12B19B2201840A Brig (Retd) P Kimber OBE Deputy Colonel Benevolence & Finance The notes on pages 11 to 19 form part of these financial statements. Poge 10
Docusign Envelope ID.. 6B732911-1B2C4FAO-A156-CE5A9E4ECE05 The Mercian Regiment 8enevolent Charity Notes to the Financial Statements For the Year Ended 31 March 2025 General informatlon The Mercion Qegiment Benevolent Charity is o private chority registered with the Chority Commission in Englond & Wales. Its registered number and registered office address are given on poge 1. The chority's objecls ond principol octivities are set out in the Trustees, Report. Accounting policies 2.1 Basis of preporotion of financiol statements The financiol stotements hove been prepore(J in occordonce with the Charities SORP (FRS 102) - Accounting and Reporting by Charities.. Statement of Recommended Praclice opplicoble to chorities preporing their accounts in accordonce with the Finonciol Reporting Standard opplicoble in the UK and Republic of Ireland (FRS 102) (effective 1 Jonuory 2019). the Financiol Reporting Standord applicable in the UK ond Republic of Irelond (FRS 102) and the Chorities Act 2011. The finaririol stotements hove been prepored to give a 'true and fair, view and have deported from the Chorities (Accounts and Reports) Regulotions 2008 only to the extent required to provide o 'true ond fair, view. This departure has involved following the Charities SOFIP {FRS 102) published in October 2019 rather thon the Accounting and Reporting by Chorities." Stotement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Mercion Regiment Benevolent Charity meets the definition of a public benefit entity under FRS 102. Assets and liobilities are iniliolly recognised oi historicol cost or transaction volLJe unless otherwise stated in the relevant accounting policy. 2.2 Going concern After moking oppropriote enquiries, the Truslee5 hove a reasonable expectation that the Chority has odequate resources to continue in operotional existence for the foreseeoble future. For this reoson, they continue to adopt the going concern basis in preparing the finonciol stotements. Page 11
Docusign Envelope ID.. 6B732911-1 B2C4FA&A156-CE5A9E4ECE05 The Mercian Regiment Benevolent Charity Notes to the Financial Statements For the Year Ended 31 Morch 2025 Accountlng policies (continued) 2.3 Income All income is recognised once the Chority has entitlement to the income. it is probable thot the Income will be received and the amount of income receivoble con be measured reliobly. The recognition of income from legacies is dependent on establishing entitlement, the probobility of receipt ond the ability to estimole with sufficient occuracy the omounl receivable. Evidence of entitlement to o legacy exists when the Charity hos suff icient evidence thol a gift hos been left to them (through knowledge of the existence of a valid wi11 and the deoth of the benefactor) ond the executor is satisfied thot the property in question will not be required to satisfy claims in the estote. Receipt of o legocy must be recognised when it is proboble that it will be received and the fair value of the amount receivable. which will generally be the expected cash amount to be distributed to the Charity. con be reliobly measured. Income tox recoveroble in relation to donotions recelved under Gift Aid or deeds of covenont is recognised ot the time of the donation. Income tax recoveroble in relotion to investment income is recognised ot the time the investment income is receivoble. 2.4 Expenditure Expenditure Is recognised once there is a legol or constructive obligotion to tronsfer economic benefit to a third porty. it is probable that a transfer of economic benefits will be required In settlement and the amount of the obligotion can be measured reliably. Expenditure is classified by octivity. The costs of each octivity are mode up of the totol of direct cost5 ond shared costs. Including support costs involved in undertoking each activity. Direct costs ottributoble to a single octivily ore ollocoted directly to thol activity. Shored costs which contribute to more than one octivity ond support costs which are not ottributoble to a single oclivity are opportioned between those octivities on a basis consislenl with the use of resources. Central 5toff costs are ollocoted on the bosis of time spent. ond depreciotion chorges allocated on the portion of the asset's use. Expenditure on roising funds includes oll expenditure Incurred by the Chority to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-choritoble troding. Expenditure on charitoble octivilies is incurred on directly undertaking the octivities which further the Charity's objectives. as well os ony ossocioted support costs. Grants payable ore chorged in the year when the offer is made except in those coses where the offer is conditional, such grants being recognised as expenditure when the conditions ottoching ore fulfilled. Gronts offered subject to conditions which have not been met ot the yeor end ore noted os o commitment. bul not occrued as expenditure. 2.5 Interest receivoble Interest on funds held on deposit is included when receivable and the amount con be measured relioblu by the Chority.. this Is normally upon notificotion of the interest poid or poyoble by the institution with whom the f unds are deposited. Page 12
Docusign Envelope ID.. 6B732911-1 B2C4FAA15CE5A9E4ECEO5 The Mercian Regiment Benevolent Charity Notes to the Financial Statements For the Year Ended 31 March 2025 Accountlng policies (continued) 2.6 Investments Fixed osset investments ore a form of finonciol instrument ond are initially recognised ot their tronsoction cost ond subsequently measured ot foir value ot the Balance Sheet dote, unless the volue connot be meosured reliably in which cose it is meosured ot cost less impoirment. Investment galns and losses, whether realised or unrealised. ore combined and presented as 'Goins/(Losses) on investments. in the Statement of Finoncial Activities. 2.7 Debtors Trode and other debtors ore recognised ot the selllemenl omount after ony trade discount offered. Prepayments ore volued ot the omounl prepaid nel of ony trode discounts due. 2.8 Cash at bonk and in hand Cosli ol bonk und in nand includes cosh ond short-term highly liquid Investments with o short moturily of three months or less from the dote of ocquisition or opening of the deposit or similar account. 2.9 Liabilities and provisions Liobilities ore recognised when there is on obligotion ot the Bolonce Sheet date os o result of o post event. it Is probable that a tronsfer of economic benefit will be required In settlement, and the amount of the Settlement con be estimated reliobly. 2.10 Financial instruments The Chority only has finoncial assets ond finonciol liabilities of a kind thot quolify os basic finonciol instruments. Bosic financiol instruments ore initially recognised ot tronsaction volue and subsequently meosured ot their settlement volue with the exception of bank loons which are subsequently measured at amorlised cost using the effective interest method. 2.11 Fvnd accounting Generol funds ore unrestricted funds which are ovoilable for use at the discretion of the Trustees in furtheronce of the general objectives of the Chority and which have not been de5ignoted for other purposes. Poge 13
Docusign Envelope10.' 68732911-1 B2C4FAA1s6-CE5A9E4ECE05 The Mercion Regiment Benevolent Charity Notes to the Financial Statements For the Yeor Ended 31 March 2025 Income from donotlons ond legacies Unrestricted funds 2025 Total funds Total funds 2024 2025 Donations 18,804 18.804 13,857 Doy's Pay Scheme 55,848 55.848 57.345 74.652 74.652 71.202 Income from charitable activities Unrestricted funds 2025 Total funds 2025 Total funds 2024 Donations - 1 Nercian 5,515 5,513 4,014 Donotions - 4 Nercion 1,282 1.282 1,583 Grants returned 5,907 3.907 4,141 8.702 8.702 9.738 Investment income Unrestricted funds Totol funds 2025 Total funds 2025 2024 Dividend and fixed interest receipts 49,437 49,437 53,112 Bonk interest 2,795 2.795 1.906 52.232 52.232 55.018 Poge 14
Do¢usSgn Envelope ID.. 6B7329l1-1B2C4FAA1s6-CE5A9E4ECE05 The Mercian Regiment Benevolent Charity Notes to the Finoncial Statements For the Year Ended 31 Morch 2025 Costs of raising funds Unrestricted fvnd5 2025 Total funds 2025 Total funds 2024 Investment monogement fees 11.855 11.855 11,073 Analysis of grants Gronts to Individuols 2025 Total funds 2025 Tolol funds 2024 Benevolence grants 66,947 66,947 65,569 Analysis of expenditure on charitable activities Activities undertaken directly 2025 Grant funding of activities 2025 Support costs Total Total fvnds 2025 funds 2024 2025 Benevolence and relief 15.773 66.947 4,410 87,130 79,520 Total 2024 12,462 63.569 3.489 79,520 Page 15
Docusign Envelope ID.. 6B732911-182C4FAO-A156_CE5A9E4ECE05 The Mercian Regiment Benevolent Chartty Notes to the Flnonclal Statements For the Year Ended 31 March 2025 Analysis of expenditure on choritable octivitles (continued) Analysis of direct costs Totol funds 2025 Total funds 2024 Army Benevolent Fund Comradeship and Remembronce Other expenses 13.000 10.000 1.817 1.571 866 Management 90 50 15.773 Analysis of support costs Totol funds Totol funds 2025 2024 Manogement costs 735 369 Accounloncy costs 5.264 2.970 Postage ond printing 118 24 Other administrative costs 293 126 4,410 3.489 Independent examiner's remuneration 2025 2024 Fees poyoble to the Chority's independent exominer for the independent examination of the Charity's onnuol accounts 3.250 2,970 Poge 16
Docusign Envelope ID.. 6B732911-1 B2C4FAO-A156-CE5A9E4ECE05 The Mercian Regiment Benevolent Charity Notes to the Flnonciol Statements For the Year Ended 31 Morch 2025 10. Trustees, remuneration ond expenses During the year, no Trustees received ony remunerotion or other benefits (2024 - £NIL). During the year ended 51 Morch 2025. no Trustee expenses hove been incurred (2024 - £NIL). 11. Fixed asset investments Listed investments Cost or voluotion At 1 April 2024 1.845.147 Additions 895.465 Disposols Revaluations (842.153) (18.481) Cosh trading movements 05,082) At 31 March 2025 1,866,896 Net book value At 31 Morch 2025 1.866.896 At 31 March 2024 1.845.147 12. Oebtors 2025 2024 Other debtors 4.552 5.081 13. Creditors.. Amounts falling due within one year 2025 2024 Accruals and deferred income 3.264 2,971 Poge 17
Do¢usign Envelope ID." 6B732911-182C4FAI>A15&CE5A9E4ECE05 The Mercian Regiment Benevolent Charity Notes to the Financiol Statements For the Year Ended 31 Morch 2025 14. Statement of funds Statement of funds - current year Bolonce at 1 April 2024 Gains/ 8a5once at 31 (Losses) March 2025 Income Expenditure Unrestricted funds General Funds 1.944.823 135,586 (98.985) (15.835) 1.965.591 Statement of fund5 - prior year Bolonce at 31 Morch 2024 Balonce ot l April 2023 Goin$/ (Losses) Income Expenditure Unrestricted fvnds General Funds 1.814.675 135,958 (90.593) 84.783 1.944.823 15. Analysis of net ossets between funds Analysis of net assets between funds- current year Unreslricted funds 2025 Total funds 2025 Fixed osset investments 1.866.896 1.866.896 Current ossets 101.959 101.959 Creditors dLJe within one yeor (3.264) (3.264) Total 1,965.591 1,965,591 Poge 18
Docusign Envelope ID.. 6B732911-1 B2c4FAAlSCEsA9E4ECE05 The Mercian Regiment Benevolent Chartty Notes to the Financial Statements For the Year Ended 31 March 2025 15. Analysis of net assets between funds (continued) Analysis of net ossets between funds - prior year Unrestricted f unds Total funds 2024 2024 Fixed osset investments 1,845.147 1.845.147 Current osset5 102.647 102.647 Creditors due within one yeor (2.971) (2.9n) Total 1.944.823 1.944.823 16. Reloted party transactiorss The Nercian Regimentol Chority (registered charity number 1177059) is a related party by virtue of being governed by the some boord of trustees At the bolonce sheet date, on omount of £Nil (2024 £Nil) was owed to The Mercian Regimenlol Chority. Poge 19