REGtSTEREDCOMPAPIY NVMBEL"071NISY97IEllgland and Walesl REGISTERED CHARITY NUMBER: 1151977 REPORTOFTHETRUSTEESAND CCW50UDATEO FINANCIA(AlEmENrs FOR THE YEAR ENDE031 DECEMBER 2025 FOR ThE PARACHLITg REGIMENT AWAV(BOftAÉ FORCES ARITYTIAs1JPP0RT OVR PJ 8Tt8ht Brown Limrted CharteredAceountsnts StatutoryAudit•r Ex£kn6e House St. Cr0$5 Lanp Newport IsleofWiEht P030 58Z
THE PARACHLIYE RE61MENY Af4D AIRBORNE FORCESCHARITYTIAWPPORT OURPARAS CONTENTSOFThE FINANC1AisfA7eMyS FOR THEYEAR ENDED 31 DECEMBÉRZOZ3 Page REPDrt of theTrustees Ito9 Report of the IndeperdentAudtt5 IOto12 Ctrnsolidated StsteMt0f FlnancrolAttiVitses CDn541id3ted BalanreSheeE 14 Parert5tstement of Fir*•cial ArtttleS 15 Parent B?lanc2ShEet 16 Consolldated Cath Mow Statement 17 NotestotheCon501idated Cash 5tst¢rnent 18 fentcisb Fl¢)wStatement 19 Notestothe Parent Cash OOWStatemt Notsst¢ thR FIrpaal St•tsments 2Lte41
THE PARACbtLifE REGIMENT ANOAIRBORNE FORCES CHARITY REPORTOFTHE TrUSTEES FQR ThE YEAR ENDED 31 DecEM3ER 20 Thè Trustees, who ore aL%o threttors of 1he Ch8rityftsr thÈ pUrpll Df the CDmpènie5 Act 2006. present their report with the fin3nckl statements ¢f the chèrfty f•rtheye8r ended 31 December 2023. TheTrustees have 8dopted ihe provis(ons of Accwntyns aTrd Reporting by Charitiès-. Statement of Retommended Pra4ti¢e ISORPI èpplicableto charityes preparing th•r accounts in accordan with the fvnantlal Reporting Siandard applicable lo the UK and Republic of Ireland IFRS 1021 ljinijary 20191. 5fRucfuRE GovERNcEAN0 MANAGEMENT 6overningDDrurnent The Parachute RegirnentanJ Airbgrne Forcts tharityis a ch2ritableCempany MIted by GuaTantee ICLGI, asijefined bythe Companies Act2006, Incorporated on I September 2CQ3 8Thd regi5tergd asa Chathylf%g. 11319771 on S 0rtgb¢r 2009.The CtsmpèY>ywds e5trablished under a Memuandum of Nssou3tion Idated I september20( and amended tsn 10 Juty 20131. which estsblished the objects ènd powers gf th charltable CoJnpany And is gorned under Its Ar[Kl uf Associion. In the eventof the Company beingwound up. member5 are required to contribute an amount Dottxwding £5. ITr 2019, theTrustt¥ ofThe PaTèthvte Regiment ChartL¥lPRCI RCN 1131977 and siSterch3ritytheAirborne Forcessecurity Fund {AFI ftCN 206652, aB unincorporated trusL respectively 38reed to merge to form The Parachute Regiment and Airborne Ft)rsaritylPRAFQ.rrad1gè$sPpTrrt0LtrpaT25, eIfe350f 1[ary202.TrU5tees olthe rnErged Charity were drawn froJn bath antecedents. As part of the merEer. the Artides were updated in November 2019 to reflett the widening of Objetts to includè AwbpFDP Force5 benefi¢iarie5. Th15 Report Accounts tovers the fourth 1( year of Opetion underthe PRAFC name. The Charitywholl¥ trdding subsidiaries. Aep Retail Limited and PARAS'IO Limrfted l?5 detailed belowl and is also thè sule MernbgroffA¢rb0me5au1tL[MIe IAALI, a registered charityla5 detailed btlvwl. The Chat(ty and itssvb5idiaries formThe ParachutÈ RÈ8iment and Airborne FDrce5 Charity Grovp. as reported hi the Con501idation CDmPDnentS Df this set of accounts. The tharrty Is the SDle parènt otfyio trJg suts¥tharies= A8P Ret1 timited. a company re8isteT2d in England and Wales Ir¢wstrered rumber.. 060090281. and PRAl0 Umited, a company tegistered in England and W41¢s IresT5tered number.. 083681991. bath ofwhKh trade in supportof the Charity. AAL6a tharitableCLG, incorprtredor 7 November 20D8 and rÈgisterÈd as ) thrtty11126776loTr 18 Ntryefflber 2008. The Chartty's ArtldES of A550riation were rewsed and updated by spÈtial r2strlutlon 6 Febnjary 2014. From l J3nuary 2014 the then Pèrachute Re8lment Ch8rity bÉcamÈthE sole CBTPOJate member Df AAL and also entered into a rertew3e >ye3r furjdlng agreemÈntttt prov? fin¢1 support. By virtuè ofthi5. AALIS now contfolled by the PRAFC. This agreement was suctessivdy renewed OD 01 Javary oF2017. 2020 and 2023. Committes The charlty has five con)rntiee5whith meetseparatoWand rtpcrtta the main Board olTrustee50n key are15-. Financeand InYe5tm2ntlFKI,'wdfa9nd Bene¥olEnce (WgCI,-Fundr8isingafjdMèrketihg IFMCI.. Herita8eand Comrn2rn0ratiDns (H., Re8lmental Efficiency IRECI. whkh was er•3ted durin8 2021 to coordinate efforts On this char¢tsble otsj2Etive. These ¢ommittees consistof aTrustee Chairwith other ThOmlnatedTrusts. ÈxectttT and èdvisoJ5. A50f 2023. the reThitofthe prioTGovernatKeand Succession CorTrmiitee IGSClwill hEnOrth be fulfilled and dixh4rged bya styEleTrvsteenomintted 45 &)vern(e Lead to direcdysuppart ihe ChatrTnan. pluso rbomiTWted Deputy, T3therthan by afull Committee. The BoardofTru5?shasdelEgated5pecfficre5ponsibilitieglocommtteÈS.ThèFIcadvI5e5 on rn3nagementof the Charit¥'$ ihvéstmÈnts, as well as reviewin8 5tratp&c financ181 Matte and makes recornmendatloTrs to the Board. Ihe Governan Lead and his OÈputy h3ve deleted authortry tQ SUPPDrt the C31rMan in FdentifyÉn& approaching and putting forward potsDtl new tFUStpes for the Boards ¢onsidRratign, as well as to suppert the Chairman ond Board wlth ovetsighi of Governance matt&is. including Rbk Asse$5mErt. The WBC reviews and recornmends Welf?re policy and str3te¥ic development to th¢ 803rd and supports thE Welfare Team by reVWiThg Cas Qutside its delegated author¥ty. The FMC advtses the Sotrd and support5 the CEO and Head ul Fundréas¥ & Comms in fund¥atslng strategy end direttion. The HCC advises thE Boèrd on sirate8ie poliry wth regard ro Heritage ind CommernA>rètive pfozrdmme$, a5 well as an anwal pm8rammÈ O*fLmlrts.The RECadvises on 8pplicatnSfOrfUndS fromthe servin8 Re8imenL notcovered byznnualgrats. Pagel
THE PARACHUTE RESINJEWT AN) AIRSORNE CHARITY REPORTOFTHETRU5TEES FOR THE YEAR ENDEfJ31 DECEMBER ZI)23 The Charity BD3rd mzk25 regular Teview of policy and its rk re¢ter and participates acknve in p2ri0dic reewS of 8¢vernBnc b•st praalc. usln8 industrwstsndard tools endorsed by thè tt)i1Stsry tharry trade association Cob520 (Confederation of SÈrviceOrganisationsl.The 8oard atso wo5(10$e1ththe SEnior Man38¢mentTeam t03greeforward stfdte8ytoa >¥earhor1n. The Board ofTntstees TheTrusteeswhD have52rved duringtheperied£nd since the perlod endaTesÈtttuton p8ge& VnderitsArticle5.the B94td ompri5¢s no rThorethan 15 Trustees at any one time. TheTtV5teÈ5 rffleet quarterfyto disCU55 i55ues relevantto th• Charity and its future dÈveltspment antltomake suchdecisians astre Tequired by itsArtle> To r2mainagile rponsIvet0 the need$ of beneflcianes, decisiorls are a150 made oul of romtnittEe underth¢ term50fthekntitlè Reuultment and appolntmentof ntwtrurttes TheTru5tse5atm torerruilnew mernbeT51rotn both Regimentol ?Thd uv10 batkeroun(fs in ordertoeDsurelhattheCharity ha5 3 balance and dwer5V of ski115 and kDowkdge. To this end. the GSC wiews criteria, SWII sets and ¢aThdidatE5. New Trustees arèÈncouraged tofamiliarisethemsel¥es &ryth (rItycOMmI$slon gvidantt retatingtothewrole and 4n inducrion pad¢ is issue(L External training couue58re 415LI M?d¢EVailab. Relared Parties ThÈrÈ hgve been no materlal transactions rythother chèritiesconnertedwith The PafachukReOrnent¥ndAirbome Forces Its the aecoundng perkd. oth¥trrfnthrse disdosed inthe financBI 5tHternwrt5. Manègement The Senvjr hAanastmentTeam c¢nsiSiS of the thf Exeartwe, reportlng to the thtirmtn and Board,the Finance Oire¢tor. the HÈ2d of Fundraising & Communica05 and the Head of Welfare. A Charity Management Plan ICMPI gpproved and re8uiarty reviewed by the Board 411 Lyerating pdicrs and protedures as gUIdan fortrllstee5. fflanagement and st2ff. OBJEcfivESAND AcrNmES Obi¥tiTrK5 and Aims The abjects of the CrItY, as Sts in itsArticle5, are to further the felowins thèriiable purposes by such means ¥5 the Trustees shall from tim2totirne thinkfit: the prorn0tn Ind malntenance of the heritdge ofThe Parachute Regiment and Airborne Forces.. the prtsrTh)tion ofthe efficiency oFThe Par¥Chte Regirnent- the rElf of need. haidship and di4tr8$5 ?mon8st past and wesent mpmbersofTho parathLrte Regiment and Airborne Forcesand theirdependants. Re5trl¢ted Funds Afghan Restrl£ted Fund IARFI Aftercomb3tQPErionsin Afghanistan ceasedatthe end Df 2014. the Trustees ofthethen ppca6reed t01akeon the funds and obligatlon5 of former tharfjrylh2 Par3thutE ReEirnenr Af¥hanistan Trusr IPRAn as of 31 1)eEembeT 2014. with the f¥ll appVal ol the Chatity Commission. The fonrer Trust'5 lunds 3TE held in • restricted lund odministrated by the Trustees agalktst*he 0ri8inal and amended oblett5. ès defined by itsTTusi Deed, namely. -The rellEf ot need forsoldlers ofThe Parachute Regirnent iryured In Afghanistan. -The relief ot need Iorfamiliesand dependantsof thé soldiers klupd or injured In AfEh3nirtan. -To promote and sustJin th¢ memoriestsf the105s of life and sacr5f1 made bythe ReElm?nVs sddiers In Afghantstan. - To prornate mllitary effIcnty through 3dveAtwe trainlnE and welfare actmti frjr those who seNed or are about t Serve inAf8hanlstan. e2
THE PARACHufE REGSMENT ANDAIRBORNE FORCES CFIARITV
REPORTOFTHETRUStEE5
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJEcnvE5 AND ACTMTE5 Icontl
Bkftsretr•nsf¢rrirt8thwrfunds int¢ th PRC.th PRATTrust¢ts ameAdÈd these oblectstcextendihe pprlod Df coveTrge to
3pp]¥ frorn IJ Sep 1001 On7rd5 and to broadpn the scope Of èppl¢¢ability to indude personnel served on the other
post-9111 confllcts and Operatiuns in whh the Regim&ntha5 been involved 8swdl asAfghani5taD, notsbly Ir4q IgpTEUQ.
AtrbomeAs5auIt Narrn3ndyTru5t IAAND
of l January 2016. the Trustees of the then PRC aTe lo take on the funds and obliEations of the Former rborne
Assault NovrnandyTrusL maintairiing due recognition and remembrarKe of the British Airbtyrne role and personn¢l during
the libetatiDn ol Frantt in the Second Warld War. which w25d5DlVed and whose retnainitbg fvnds form a resthcted fund.
Trustee5 oversight of centinued rÉlationshuJs and dr4108ue withthEcivic8uthoritie5 in Normandy.
The B?nevol¢ncE and Well3re Fund is a Te5ViCted fund that receive5 an eletnent of the voluntary One Dav5 Pay Scheme
IODPSI £oTrtributions from sÉyvinE soldiers. whith 4r¢ re5trirttd bv miiifdry Ststute. A number of other RestriCEed Fund5
ha been established as a result of fUndraIngcIrnp1IV$or leqaue5.
The Francis Fund, established a5 3 Te5uIt of a leeaLy. is i r2stridEd fLind that ts applicable foT the welfare asStO of
disablèd vÈtÉrdns and dOwS.
Publlc Benefit
TheTw5tees h3ve Corn[ed wlth theirdutywDdersectioTr4111 of the Charitie5Art 2011 th rerd to CrItycOMm[ss70n
guidante on public benefitwhery reviewin¢theiroblectfves8nd aims. intheirfvtur¢ planniThg gnd ine5tablishingtheirgrant-
akir4 poliaes.
Each of the abDve-mtntioned ttbjetts ofthecharlty demonstr8re publlc b?nfft_.
- The r2lief Df need, hardship distrèss for seTVill8 ar foer suldlers of The Pathte Regiment and Airborne For,
and theirdepEndants. isfunded thiough Charitab fund5where public funds are insufficient or unavaikblè
- The prombon of the elenCY of The Parathute Resiyfflent 51ststhe tnaintenènce of morale 4nd ptrforman within a
unique regiment of the Brltish Army whlch providE5 key wational outputs at Defence and National level.
- The promotlon and maintenance ofthe heritège of The Paratle Reglment and Attbome Forces assists thÈ educati¢ft
both of swing member5 of rborne Fortes andiheÉenetsl pubbc in respectof PaStrnflICtS and the e55entièl role¢f the
Armed Forcès. as well as remembrante ol those who have served thÈir country. The Airborne Assault Museum provid¢s
51gnific3ntpubC benefitas an Educatio[1 resource fo¥lhe publicand seNlng personnel of the Armed Fgrces.
Grat)knaklng
The fharily makES graNtS to rnvet the wElfarE Treed fLr indWltha15 in nEed or distress, reouirin8 h¢u5ehold or mobifity
a55$Stan for di5abiliÉies. 2s a result OF age. wounding or injury.. for those dowwaded and dcharged personnel
tr3nsitiontn¥ to civilian employmefft,. for need, h3rd5hip and finartcial tresS both ftsr Individtsals and their dependanrs.
with parbcuiaTernphasis on the mit1on01 rfsk5of homeles5ne55and detrimenttc vulTherable depend3nt5. The effaets of
service and in parkncularactN&operationson mental hèalth 3nd fam11 y rÈlatlDn5hlpsaTealso mamifestandtherapy fLInded
to 8vo*J tsMtrophicd@teTioration.
Indmdual welfare benevoknce applications are assessed against èligibilty crlteria under the objects by the
Welfare Team. Applicètlons are recelved thr
ThE PARACHLrrE REGIMENT ANDAIRBORNE FORCE5 CPIARITY REPORTOFTHE TRUSTEES FOR THE YEAR ENPED31 DECEMBER 2023 OBJECTIVES AND A1vEs Icontl When pèrètroopers are medKalty theWelfareTeaTh has a SUC5$fultTadC record offundin8 trade t]NIng and requ31ification Cours asthe¥prep4refortheirnewtareers andthÈnassistyngwthobtaininÈthemthetoa15andequipment thattheywill need in theirrh05entrade. In 2023the5e Jrtfvitieswer2agèin paTdyfUndedbythed2SiadtEleyspp0rt Fund, although th Will be for the last time. This re5ettlernent actEvty 311 happerts under thè tuspices of our now well- tabfLghed CaTeerTronsition Officer, whp J mentorand adorfOraI1our Rwentsl seTrvitr leavers, helpin8their irtitial transition into a sut<e59ful ovilkn eare2r and then there for aw5tsn¢e wth any future problems whi& rnJy subsequenv aris Anntsal RegiMÈfttal efficiency grants to our Battallons are mide by the Board wlth adwce from the REC (undér tlÈÈr guldeline& fDr Adventumus Ttslnin& $pcrts. vnit welfare and Famity welfarel, with di4cretlon dewed to battslion vrnmindinE officer5 and expEndittJre monltored throuÈh annual retUrn5. Further unit and individualgrdnt aprAi(ation5 art assessed on merP appTfftd initydlly bythe Chief ExÈcutive up tospeclfled disuetion levels, and then bythetrusteesofthe REC8nd thereafter bythefvll Trustee Board if necessary. For HeAtège and Commemorations grants, thè ptanTrÈd fa3rd prtsgramme of events and pilgrimases for the upcomln4 ypar reviewed annually and scrtstiAi5ed bythe HCC pfiorto forrnal approval bythefull Board. ACHIEVEMEpifANP PERFfJRMANC£ Chaii¥bleActivities 2D23 represented PAAFtrs ourth full op2rating year and the Nnth underihe trading name of SUPPORTOUR PAPA& The Chaity continued to 3dvtnce its objertsand to m8¢ègt a divorse ran8¢ of fyndrai%in82ttivitiÈs to support them. Relief of Need. Hardship4nd f•istre5S In 1023. th¢ again experiencÈd a Sts$kin and svgnifintry Sn¢reagtd dwee of 8eTreral lfare d¢mand that 5urpass2d pre-COVIO levels. Thi5 is assessed as belngprimèrlly dueto rhe conuDUlnEsqueete on housohold belnK èxperienced nationally butal$o to further inEreased pressures on the provlstott of )11 publlc serwices. partsuJlarlywithin ?11 aspects of healthtsre. During the yeai. the tharity expended £604k lintluding support Costs of £156kl on the relief of need, hwdship and distress, b¢ing the primary expènditure urtdÈr lis obieLTh Of this, £Sllk was fron¥ unrestrittÈd funds, £31kfmm the Afghan Restricted Fund (ARFI and £62kfrom the Frantis Fund. Bywayof ox2rnplv. Veteran Al reteived help mental health therapy #hd priority bilLf as a medically dixharged soldier who 15 unable to work dueto hi5very seriou$5erviceattrib¥table srnjutye Vét&ran A3 was badly wounded in comb and receives hÈlp with his transprrt for weekly spedalisr mroOal phystotherapy. Veter3n A4 Ts a wnedicalty discharged soldiÈT with wgre mentsl heèlth i$5tses. wh05E wlfe has giv* up t carÈtorhim. Ple recelved a55istsnce vlth prtorttybllls. Veteran A5 received assistance wrf(h wority bills after he was h05Pitalised to a heart and bowel cond¥tion. H Mliar¢ ployer w45 only payir5g him stbtutorysick pay. Our 8e3cvns Initiative15 nowfulty operational ènd ovrlndNltlu318eacon volursteers have been 4dding muthwelfare valuv. Beacon I visi1J è £ombat veteran who INes in a van in Scot14nd. This wsr( and assessment resulted tn lifE adw nposfjng for ment31 health care and finandal lstance. Beacon 3 conducted fflufriple Vi5tts to VariQU5 housebound eldetlyveteTan5 in Wale5. Beaton 7 regUlarvr$1t ? terminall4 ill vetsr#n. 8eawn JO Sited a Ypteran wlth MND toverlfyssNtce and to 0pé$UltabJlity for puhase of a specialist bed. Pw4
ThE PARACHLITE REGIMENT AND AIRBORNE FORs(MTy REPORTOFTHETRUSTEES FOR THE YEAR ENDED 31 DECEMBER 20 AOIIEVEMEKfAND PERFORMANCE lu>nt) Reglmental Efficiency As the overall pressure on lovernment defente spending contsn¥es. tharity fundiJTg to the servnE Regiment hdps to encourage the recnJ5tment ¢Dntinued servits of our p¢rsonnel ahdto support their indivmlual tsreer progression. thus ery5uringthatwe maintain retain thevery best leadersto look afterour peerless soldier5. Both units attd ldldUaL are supported with funding to enable AdvEnturou5 Training ad sports endeavours-, chara¢ter-buil(%ng activities which foster importart profe55iunal quarthes such as 5nitiatNe, comradethip and mofw8tlon. These experiEnce5 a0 tontribwte IMrneasUrdb to irnprowng overall quality of frfp for the RegirrEnVs spldiers and m31ntalnin8 their work fife bal4nG¥. In maThyc3ses. 5ervingper50nTrElalso u5ethe5ecppctrtun1l5to promoteand rvisefundsforthe tharr¢y.genèratinga vimjous fundin8 tsrde of mut1 reputstiDnal and fmanciHI benefit. The Regiment's te¥rn5 5ddieFS also routine compete at the top level Df Army and Inter-servict sport. In 2023. The Regiment mairtained pre-eminence in several keysp)rtlf1eldS, retainingtheirtiiles a5 Arry Dowt)hill Skiing ChaTnpions, Arniy BOM8 Champions plus bothArmy and Combined Serwce5 Bobsleigh Champions. One Regimental 501ditr, gtspported by the Charity a the Army'5 4fite sptrrtlng proÈramme, was suix£%sfully sdecied for Tearn GB'S development bobsleish souad,with whom he hès new stsccessfully embarked on hisfirst competitive Season. Tr1erit & Commèmoratio v70[(DOlts11 totheAALAbOrneA5s3vlt Mu5eum'5 premi5e5 Withirt IWM Duxford Vdere again veryheathythi5ye2r, wth 5its by organtsed groups frorn the Regimetrt's units, associations, èffiliated cadet contingents and wider supportErs being key irb th respect. The Museum's outrEEch proRrèmme has agairt allled Ireguently wth PPAFC at è wide rnnEe of Regimental and Ch3rity events. The Charity aLso supports Remembrance ihrou8h tho M81•ten3n ot Inemorials. prirnarily gt the N3tional Mtynorial Arboretwn INMAI, where3n 3fsnual summerscmce ss held. ènd with a Se¥vice Df Remembra¥1 St LawrènceJEwry, the Regimental thurth in the City ol London, In Novembèr. ROlne rep3trs to our memorial at thich the Ch8rTty oums. were 3150 funded by u5 thIsar. These are aL%e keyteuch•oiDts fDrourtsngoin8 SUPPOrt Next of Kin IMOK) 8Bd Èrnlies. SuppDrt 15 a150 provided for Regirnental (D[TeMOratoThS overseas ill France and the Netherlènds. with grant5 for our rem8inin8VÈterznsofthecampaignsttkmake the pil8rima8etothebtle8round50n whichtheyfoughtso hngaEO.The5e fl82shlpcommemorètpie athwtie£fortheRegimentand ltswldercommunity4reabo key Inenharttirt8 tts publlcreputation. Asslstingin the careand mainte•an¢E of ourtwo Regimental mE5cots. Pe%S and 8runevalth&SheVand PoThies. is anoth£r import3ntA5pectof the Chariv5dersupP0rt1Thg H&C work. The Ch¥ityalso fosters Ilnk5 bEtween the serving ReE¢ment 8ndtewer rered communitythrtyJ81 the pubFicatian ofthe annual Pe6asusJournal. FINANCIAL REWEW Performamté-GYoup TheGroup'5 lThcoJnein 2023 was £1.504m, lup from£L44miD2U2zI.2023w adeuEasei• Lsfr9rn £302kto£218k but thts was largely offset by tharitfe events. particularly the Utrinque Paratw lunth heid in Junt Legaty Income $0 increèsed year cn year froTn E66k to t124k in 1023 ltrnent income i18$ed to £379k in 20231£331k in 20221 by adoptinga rnore proa£tNeapproachto ouropetIonol cash management. Within Ihe o¥efa116roup 1Come figure is£329k ol sales revenue by Ihe subsldry ABP Retail Ltd inSt whkh are set £301k of costs. Subsidi8ry PARAS'IO timlted accounted for a fvrther sk incom¢ offset by £25k costs. Dorated servires of £42k repiEsent the provision vf ernployee seNltÈs to the Eroup by the Mo0= Qk reIved bythÈ Partnt C1arY and £40¥ re1Ved by AAL ExpediwrÈ Irrthp year Ireased to £1.61m eompared to£L.46m in 2022. The Groups dfiCit Inet expenditure) for the y¢ar was £105k 12022: £23kl. increased to a surplus Df £894k after nreallsed Frkve5trnent gzlns of £999k 12022-. defic of £1.4(6m after unxe81fr5ed in¥estrnent losses of £1383rn1. At 31 rMber201a the Group carried fOrrdtOI ftsnds of£l4k8m I2022= £13.9ml. pages
E PARACHUTE REGIMENT AND AIttBORNE FORCES CHARITY REPORT OFTHETRUSTEES FOR ThE YEAR ENDED 31 DECEMYER 2023 FINANQALREVIEW Icontl The Parent CharitySOFA and b314n sheet Ire Pr95¢nt on p48E5 IS 4nd 16 ¥espÈttNety whith teportthe performance of the Parent 1ndivsdual. these f¢urLTform partofthe GrDUP rEsuIts nuted abovE. Fthanwal Pertormante-subsidlar3 ATrbome Assault timlted m3de a deficlt of £64t 12022-. £49kl. lrt£ome remaed level with 2022. Ovtrtll expeThditsJre increased by£lSk. ABP Retail Limited IABPI rnad¢ • EontriTruEivn from r¢tsil m¢rch4Ddi5e5alES of £28k IZ022- £34kl patd undÈr Gift to it% tharftable P3renL Turnoverlell by £IOkand c1 ofsaleslncre3sed by£SkyearoA ye3r. PABAS'IO timited madea contriburlon to its parentunder Gfft Ald of £30k12022.. £13kl. Th In¢e oecurred desplte the ancèllatttin oftha Colthe5ter Bvent in 2023. pl£1PaI Furding5Qyes 4 well as iThvestment incorne. the (harity has diverse voluntsry inEorne strparns= the Ofte Davs Pay 5chem2 IODPSI for 5erviR8 mernb2rs of the Re¥irnenL grants and donations by privateindividuals.charitèble bodies fIrU(lnE brnnthes of thè Parathute Reg5m)tsl Assocmionl. trusts. f(NJndOrt5 and Corporatio,. legacies.. and funds raised from 2etNities ané events orEanised byihirdprty supportèriorbythe itself. Ftsndrnisiy Corttro All fundraislng lor voluntrdry do#ati¢ns is fflanaged by a tell Of two employees wr(hin the Ch3rity. induding the CEO. and rEliÈs he3Yity on personal Init18t*S bysupporters within the servlng 8n(I retired ¢ommufiity. Js wew asthe Eeneral public. The Charity Organe$ 3 number of 6t$ own fundraislng events or sUPPOrt5 third-party evert or83nisers. No PTgfe5sional fundraising organisat¢on. agencyorcDmmErual partiaFtorhas been orwjill be employed. •5 0 mats¢raf ¥Jrrent poltcv. The Charity (s tewstered with the Fundralsing Regulator and wnforms to it5 Code of Standard5. It with 8uldellnes publlshed by the Charlty Commlsslon and the Institute of Furkdraisin& The Charity morjitors fundrai51ng on its behalf by attendance at events, or ere public collettsons are beijg by identity¢hecks on collector5, iulg dear guidelines on prathtes and instru10n$ fur tting fvnds, and issuing lett¥s and badEes of identiftcatorb Yitth contact details for the chaTIty- Records are maintained for all collector¥ indudlw all fttndraising in¢ rnaterki15 issued and remittances are monitored. A Cornp13ints Poliry rEed by Trusts is publÉshed and p¥blirly a¢wibie on the Charity website. No compItswet reteywed ift 2023. The Chartty is also re8ssteTeJ wrth the Informatton ComrnistsnerS Office IICOI Ind confarms with the Oatr Protection Art 1998 ènd the Gener¥1 D8ts Protethon Reguktknns IGDPRI 2018.
THE PARACHUTE REGIMENT AND MR8ORNE FORCES CHARITY REPORTOFTHETRUSTEES FOR THEYEAR ENDEC31 DECEMBER ZO23 FINANCIALREVIEW Icantl Invtsknent and Risk Pvfity All investments fvnd5 have been enttusted to 8 sinde manoB¥. CCLA IChurche5. Charitie5 and Local Authoritiesl 5nvestment Management mIted. The investment portftyli¢> is managed to mntsin and growthetnvaIue of the tnvesttnents and8eneTrte irmmewhich 15 alletated to the re5tFkted er vnre5trirted fvnd5 ?crurdiDg to source. This str8tew does lead to greater yEar on year volatillty In fund values.which 15 réfl&tÈd in the actounrs. but should nErate a mofarablt rerum tr4erthe ng rvn. Periodit 5e5sments èrÈ made by the FIC as to the availabl11 ol cash Irom op¢ratin8 èttiTrJities fr>r Èrther long-term investment. ftotingthat resthrted and diqnated funds all need liqyidityto meetdemand in their respErtivp are?% Inve5tfflent Performan Followmgthe slgnificallt market dècline in 20221£1.383ml, thevalue of the charit1$ (nvestrnents made a pirtixl reeovery during lo of £993k The Charty received investment income of £379k12022.. £331kl. Atthe end of 2023, thetotal wd5ue ofthe investmentsheld by the charity5toodatE13.004rn12022.. £10.519ml.This Induded a tran5fprDI(ash gf El.45m w h higher intÈrÈxt éamirtgdépositatCOLmt he byCCL Reserwes Polk¥ The Charity i% ummitted to m3intzinirv¥ a lèvel of resérves SU1¢1¢1 to meer on8oiDg bIlItieS. irtcluding obkgations to beneficizries, to ThAintain semce delfvery and to wotect thE IDnÈ-term future of r(5 operations in tw fatr of nrtairieS and fluctU3tlDll5 iothE ¥aluntary fUndraIng environmEnL As at 31 Deternr 2Q23, thè PRAFC Group's totsl resepS werÈ U4.8m12022= £13Sml. of whKh E4.gim s restrtrted ur designated forspecific thariiable purposes. ènd £9.86m unrestritted for meetingthe objects astheT¥u5tees stefiL It bthe ¥iewoftheTrusteesthètthe r&e$hekI are reasoftèbleand requiredtosupportthecngoin8 and Ig-terMwelfare necds of our benefknarles, as well asfund5ng of T¢&mental Efflcieftty. héritaaeand comrnemorati¥2 actÉvlty. FUWRE PLANS The Charilw now look5 to rontinue to cors5dldate Its po¥itioD post-COWD and to prOFe[ maxiTntse the benefits lo the bUe$S and tts our beneficiaries the 3dditlOAal stality, resÈlience, stsff and opetillal horsepower provided by its new organisatiDnal structure over the last year has unlocked and enabled. The Charity 11 look ro eodlfy thi% consolidation in 2024 within a renew 5 Year Strete8y whlch wlll be geDer3ted dufins this up018 year for implernentation in the period 2025-30. In the nearerttrm.withln 2023 ltself.there Is rnwth In train forthè th2rItytoget¢rted 3ix)ut andto lookfopN3rd ts- In th¢ Rewma)tsl Efficlenry sphere. the Charity has fijnded the partictknn of a sm21 gr0p of rving paratroopers its the prestieious Darwin 2DO project for thE Expedf(ion'5 Falkland 1513nds let. Èady it) 2024. After that. in Apro 2024. we 541 be trac•wthe PTogre5s of the Arm($ 2024 Everest ExpediUDlI ès three of the six lead cliThtier5 on are 52Fving paratroepers and the Charity has supported their partl¢tpatyon in thi5 very serious undertakin& In Heritage and Commemtrratrt terms. 2024 will SEe the annivers8rs of 0a¥ ind Amhem. espeaolty potsnt bec3USè thss will bo the last swifieant 8nniversary of ih05e mcrnents rbllrDe battles gt V4ht¢h our veterans will be abre to nke ih4sg pilgrlrnaEes in person. We ?Iw remember the 2S annlvers?ry of the RegimenV5 malorcontTlbution to the Kasavts Ierveon by NATO in 1999. Forwèlfare, 2024will betheyear in whlch the Beacoas Inrtlative ts expandedtofulloperdtional (apability. both in terms ogeD8raphical coverage and In ccverin8thE TJere558ry rangeof er. un¢ts, t(flIcts and rank-ran8E WTthin our cohort of PEerentOr$. In addition, our 0 will commen¢è a limited 'reachback' service For ad¥e and a55iStaD¢eto entlY retired vernns withemployment¢55ves, whi15tatsoeDl$4ngthoir hdpto as&st the retirees of today in finding rneaningtul second careers. We will also start to attempt to define quantfy our eligible bevthary bjse 35 Part of aA attempt ro forecast future welfore e,. thi5 wll be a tim2 Bnd labovr-iTrten5we und2rtaking but notan e¥penveone. aThd we f1 it will be well worth theeffort in ter5 of fon¥ard pJannin& Ke7
ThE PARACHUTE ftefjiMENT AND AIRBORNE FORCES CHARrrY REPORTOFTHETRUSTEES FOR7HE YEAR ENDED 31 DECEMBER 2023 REFERENCEAND ADMINISTrATIVE All5 Rogistered Company nurnber 07005997 IEnÉl8nd and Walesl Regi#ered alarity number 11319?7 RÈ8iStèred offitè RHQThe Parachute RewTnent Merville B•racks Circylar Road South Cdthe5ter C02 7UT Triiste•S MYÉ Cottrell Lt Col LPB Cradden MBE MrCJ W DaThieJ5 MrMJDFGra¥ ItGen Harrison MBE Col IRetdl J D Handford OBE ItGen (Retdl tP tilwwhite CB M8E ItGÉTh IRÈtdl &rJohTh Lorimer K(I DSO MBe Brvd3dier (Retdl M P Lowe MBE MrRJEMoore AVM R T l Munro CBE TD Lt Gen (Retdl JD Pa8e CB OBE Col IRetd)JC PowerQVRMTO Mrs PF WOrs¥T¢nks -apptyinted 04.05.23 -resi8n•d 16.11.21 Indepettdwtau(4toYs BriEht Brown Limf(ed Ch3rtPTpd Atcountants Statutory Audltor £Ychange House SL Cross Lane Newport 151e of WiEht P030 SBZ SoN¢lknrs How4rd KennedytLP l Lond brldgg London SEI 9BG
ThE PARACNUTE REGIMENT AND AIRBORNE FORCESCHAIIITY REPORT OFTTrIETRVSTEes FOR THEY£AR ENDgD 31 OECEMBÉft 2023 EVENTSSINCETHE ENO OF THEYEAR Information rdatingto evénts sifitt the end of theyeor i5given in the not¥tothe finattal statnents. STATEMENfoF TrUSTEES RESPONSIBILrriES The trustees (who are also thE dirertor5 of The Pgrathute Regiment Chwity tor the purposes of c(mpany law} are responble for prep30rygtke Report of the Trustees and the nancial statements Èn 4ccordance wirh 8pplitable t8w and United firdom AccLwfting Standards Iunited fingdorn Genera1tyAcpted AccouTrtinÈ ?r8tti¢el. Cornp4ny13w requtresthe trustee5to plere finaThual ststementsforeach fiThan¢k3lye3Twhith give atrueand faiiwiew of the stèts of affairs of the charitsble company ?nd of the iTrcorrung resources and appli(atTon ¢1 r¥ources, Including the Income expendittJre, of the charitable eompany for that period. In preparill8 those financial statements, the trtsstees aro iequiT¢d t selettsuTtsb ècceuntifig polidÈs and thÈrt applythem cortsTstontly. observe the methods aod principles in the CltstttySORP- make judgernent5 and est1ffl3tes thatare re250nable and prudeftt- Pfeparethefinancial stEments on the8oingwn¢em bas15 unlessit inapprup¥vateto presymethatthe thzritatEle £ompanywill continue bu5ines5. The Tru5teo5 are rESpOn51b for kEeFiDg proper accr4jD8 records whlEh dlsrlgS• With r*isonable acturdcy at any time the tin(la1 position of the Charitab conipany and to enable them to en5uie that the finantial statements compty with the Compènies Acr 2006. They #re a150 respons1¢ ft)r safeÉuètding the assets of the charitsble company 4nd hence for takinÈ rèasonable step5 IuTthe preventiDll and detectionDf fraud and other Srregularitie In sofarasthetru5teesareaware'. there no relev£nt audit informaknon ofwhith thecharitab1ec0mnV'S 3uditors arÈ ufiaw2re- and the trustees PAve tsken all steps that they ought to have taken to themsetvÉs aware of any relevart information andto e5tsblish thatthe 3uditor5 are?ware of thwt infDrm¥tton. ved by order o he board eftrustees on 25 Juty2Q23 and si8rsed on Irs bÈhaff by= en Irjohn LoTime KC8 DSO M8E-Trustee Py9
REPORT OF THE INDEPENDENTDITORSTo ThE MEMFER5 OF TfrIE PNJIACHUTE REGIMENfAND RBORNE FORC CFIARITY Opinio# We have audltsd th• financlJlstatftments of The Parachute Reglment arsd Alrborne force5 ChaTlty l¢he'wor¢ntcharIts a)mp3nyll and Its 5utsldiories lthe 'group'l for the ye3r endÈd 31 December2023 which comprise the Ststement ef FINanalACtiV1bÉ$,the6aneÉ Shee¢theCash FIDwStatementandnottsthefinancialstatements,indudinga svrnmary Officant a¢nng PDlIeS.Th2fi.nancll rEpDrbngfrarnewoTktIths been£ppliediThthelr preparation Is appliraNe law and Unlted KlngdNn Accwnvng Standards Iunlted KlnEdom Generalty Apted Attountlng Practttel, IntltsdiThg Financtal REpartin8 Stand3rd 102 trhe financial Reporring5t3ndard applillable in the UK Repubfic of Irelaftd.. In0uroploTr thefinantial ststement>- 8ive ? true ènd foirmew oflhe 51e oFthe grourfs and ¢h?rltable companvsaffalrs as at31 pember 2023 and of its incoming resouro5and application of re50urce5. including its itscomeand expenditure, fortheyear then ended., bccn properly prepèred in accardanry with United Kingdom Generally Actrpted Arwunting Practiw intluding rinèneial Reporhng StsndarLI 102'The Finènctal Repothng5tsndard ?pplic¥ble in the VK and Republi£ of Irdand';and have been prepared ID accordantewith the requlrementsofthe Comp3nies Att 2(Hl6. BasL%fa¥ •pirAon W¢ wnduaed our in a¢cordanc4 wlth InternaDonal Stsndrds on Audilfnz ILSKI ILW IUKII and appllcable law. Our résponsibilitfes ttnderthese standards ale further described in the Audirors. responsibilthe5 forthe 8udir of the financial statements sectrot) of port We are independent of the group in accordance with the ethical requirements thatar2 relevani to our audit of the fin?rtts81 kt8ttment$ in the UL the FRCS Ethical Standard. and we have fulfilled our other ethical responbilitiesin aeeordantÈwdEhthesÈ rÈqu1remets. We bdievethattheaudit evidente we have obtained Issufficient and èpprtspriateto prmde a bass for our opinion. conelusions relatinÈto8cinttohcem In 4udiJng the financfrdl ststements. we have concltsdedthatthetrustee5' Use of the 8Din¥eoncern ba515 01 accowtirs8 in the prepar•tt(th of the ffnaooa5 statements is apyt¢pr5ate. Based on the work we h4ve perforrngd. we not ident)ed ariy material unrtainp$ rÈlatfjng to events or condthon5 thal indivlfJally or collectively. may tast signiftcantdoubt on the group's Dr Charkab company's abllltyto continue as 80iti8eoneem for a period of atle8Sttwehe monthsfrom whenthe finonualstatementsareauthorised for issue. Our TpOnsibIlI@S and thé rwonslbililftrs of the vAth respett to 8olng COrn are described in the relevant se£tion5 of this reporL Othqrinformatio The trustees are ponsIble faTthÈ tsther infr>rtnBtTtin. The other informètion CDrnprise5 tho information ineluded in ihe Ann1 Repoffj otherthan the finincial ststernentS 3nd our RepDrt of the IndependentAuditorstherEOn. Ourapinion oftthefrnanoalst3tementsdoes notcoverthe otherlnfofmation8nd. txcepttothe extentothenthse explicitlv Stated in our report, we do not expre55 afty form of3ssurancÉ cDrtdusion theon. In ronnectitin wth ourÉudit ofthe financlal siatements. Dur r2yFx)nsl is the other Information Hnd. in doing , consider whether the other TnfDrmon is merially 1rKon5eDt wli h the financlal statenlents or our knowledge obroined in Ihe 8LTdit or Otherls& appears to be matsrially misst3ted. If we Identlfy suth Trwterial ineonsi5tencle5 or ppaient rttèterial meMents, we Ire reQured to determine whether thi5 gives rise to a material mi%statement in the lsnaftclal statements themsefves. If, based on the wvk we have performed. w? conclude that there Is a material MtEment0f this other information. we are reoulred 10 reportth3¢tscr. We have nothing to reporr In this regard. OpinorE5 On othermatters pre5crW bytke CompJnie5Aciio06 In opinivn. based an the work undertakEf2 in theCourseolthUrfrt= the informaiion gNtn inthe RepOrt¢ftheTrusteestbefinan[I3lYearfGrwhth2financlalStsternets8re prepared i5CmS5tEntwith the finantial st8terneftts.' and the Reportofihe Trustees has been prepar¢d In a¢cgrdancewlth èpplkaty legal requir2ments.
REPOftTOFTHE INDEPENDÉNfAUDITorisfoTHE MEMBERS OF THE PARACHUTE REGIMEMfANDAIRBOANE FORCESCHARir Matters whithwe èrÈ required to repart by exception In the li8hrof the knDwledge3Ad undEr5kndins of the8fowi parenttharitable company. itsenwronmentobtalned in the courseof the audir, we have notidentFlied materlaj mI55ternents iThthe Report of the Trustees. We have nothiDE to repDrt in respectofthe frJOowing mfrswhere the CompaNiÈsACt 2006 r¢qukTes usto rtyortto you I , in ouropirMort= adequate accountitkg record5 have not been kept or returns adeqTtate for our audit not L8n re$Ve from bTrnthes ftotVy51ted by us- or the finanrial ststempntsare not in agreementwth the acrountittg records and returns.. or £eFLain di5¢1osures oltrustees, remuneration spttrflÈd by law are not ade.. or we hwe not rewved all the Infom)ation and explanations we re4uirÈ forour audsL' or thetru4tee$wÉre not entitled w taeadvantsgeofthesmllcomp3Aies exemptionfromthe requirementtoprepare 4 Stte8C Rewrt orin preparingthe Report of thÈTrustees. Responslbiinses of trust As exp13Éned Tnore fullyin the5taiementof Trustees, Responsibilra¢s. thttrustees (who 8r2 alsothe dFTertttrs Dfthegrovp and pÈreDt charitsble cornpany fur the purptTr5es of company lawl are resPOn5ible for the preparation of the linanual stèternent52ndfor bEIngti%fiedthatthey8IVÈ ètrue8ndfairvigw.andfor Such annal controlasthetrusteesdetermine 15 neces5aryttr eTble the PTep3rotion of finan(i31 statements that are free frDm m3terial misstètemLYr whher duèto frèud or error. In preparjng the fin4nual statements, the trustee5 are respon5Th1 It for esswing the group's and parent chèrit¥ble company's amity ttl CDntrnue as ago1 concer1 di5closin& is applicable. matters lated to going coniem and USH)$ the 80inÈ conrn b8515 Df actDuntiDg unle55thetruaees either intend to liquidatethe group or parentchiritsble companyor to cease ¢perations. tsrhave no realirtt8lternrfvebui t4 do so. Our r¢sponsibintiesforthe audit of thelfnanclal 5tatefflents OurobjeceS3TetC obtsinreasonab1eassurAnabDutWetherIbefl3nalst3teMert$a5¥Wle4frefTQrn material rn1SStaternent, whether (et0 fraud orerror, 8nd to Issve a Report ofthe InYJepeTtdentAuditOTS that includes ouropinion. RwonablÈ assurance is 6 hh level of assurance, but is not a guaranteett ?n audit Evnu¢ted in 3ccord8ntt Kffjth 15 (UK) will alw&ys detert a Material m(statement when it hnisststements can ¥ise from fravd or èrror and are nstdered matÉri21 rf. indiv¥Jually or In th¢ 88grerdte. they could rea59naV be e¥pectsd to Influertcè ttle economsc decisTonsgf wr5tsken thE ofthe5elinanclal ststement5. Irrulrities. including ft2ud. are instènce5 of nOn<0mlanCe with law5 and rebwktlODS. We deslen prllcÈdures In IINÈ with our resronsibilrfties. gutlined abov< to detect materf•l MStateMentS in r&spt of irregulèrities. indudin£frattd. The ext4nl towklth our procedure$ Hre capable of deieetinl Irre8ularitses. Includingfraud 15 detsiled be. Based on tsur undErstanding of the youp znd tharttsblE comp3nyp the prfnUl risks are that of wnanagemert override Df controls. and potent[31 Urt in revenue reco8Trlrign. The enBerne[[earn cartsered these T15ks 3nd audlt procedures were undertaken as foltows.. rAscUsonS wkh mana8ement regardlnEthe abllityta override controls and reW of proces%ws fft plat0 cDnfiim no ove¥ride had occurred. Extension of sampte 5i1Ès rektifftgto revenue recoBDItion. Discus4onswith rnanagennt regardin8including cDnsideratlon of any known orsJspected in5tart of hon- compliante with law and regulations orlraud. Revlew of managemert joumals, a reviewof4rcountinE estirnates rn¥de by Manage[rtwhere applicaWe. Review to ensure that there arÉ rtatran53Ctnnsthat have rLoapparent bvsinoss or charitsble purpose, orthathave been proce55ed outside the usual accounting sy51tffts. There3reinherentllrnlr¥kn intheaudtt prDceduTe5de5tfibed èboKdndthefurther rtmo¥od nDn-CDmpliancEwlth laws ènd regulatiQD515frDtn eveTrt5 and1nCtIonS reflected in thÈftnancial statements.thele55fikeF¥ weretobeL£+me aware of it. The risk Df not detectin8 a material msst¥temeTht due io fraud hh£rIall the tsk tsf not detecifng one resulifnE Ir4rn error, asfraud rnay involveiteliberats wnce8lmenterlntenTknnal mlsrepTesentotion&
REPORT OFTHÉ INDEPENDENT AUDrroRSTOTHE MEMbERS OF TNE PARACHUTE REGIiVIENT ANDAIRBORNE FORCES CHAiurY A fuftherdescription of our responsibifrries forthe ludit of the financ1 statements is located on the Finanthal Rtpordng Council's webslte atwww.frLor8.uklaudttorsresponsltllffjes. Thls dÈscript"on form5 part uf our Report of the Indepeftdtnt Audstoy Use of our report 7his report is rTradeSety totheqruup's and parentth8ritablecompany'5 m4mber5. 45¥ btsdyl in accord3nce with Chapter 3 of Part 16 of the Companies Act 2006. audit vjork has been undertaken so that we might State to the group'5 and parpnt tharitzble ccmp3Thy's rnembprs thése mattErs we are requed io srat• to th£m in an avthttOfS' Teport and for no Dther puwpose. TDthe fullest extent permitted by law. wedo t3rtèpt eirassume responybifity to anyone othÈr than the oup or parent thariiable campèny and the gTOUP'S and parEnt chaTitablE company'5 members 3$3 body• for our 3udit work, f rth report orforthe opinion5we haveformed. Gavin KelWACAFCCAl5eniorStst¥toryAvditorl forznd on behalf of 8ri2ht BTDwn Umited Charted AccDuntants St3fytoryAuditor Exchange Hgitrse 5£ Cross Lane Newport Isle of WiEht P030 5BZ
THE PARACYLifE REGIMENT AJIDAIR80RNE FOACESCHAklTYfiASUPPORTOUR PARAS clsoLIDATEDSTATemENTOF FINANCiALAcfiviTIES (INCORPORATI AN INCOMEAND EXPENDITUREACCOUNn FR TrIE YEAR ENDED31DECEMSER 2013 2023 Total fufids 2022 Unie51rTftEd funds Restritted funds fndS Not £iy) Éo £o)o £000 INCOMÉ FROM Ounatlons and leg%les Charitsble 3¢tNitiÈs InruFnE from tharitable acbwtie5 502 121 624 674 12 othertradingactities ITNe$tmentiome 487 320 489 3?9 429 331 59 Totsl Lais L442 EXPENDrrvRE ON Raigng funds Charftable aCt5¥le$ Promoieand maintainthe lerfra8e ofThe PoFchyte RegimeAt Hnd AlrborThE Fortss Promotethe efficiencyofThe Pl(hUte Regiment3nd Airbome Force5 Relief of need, hardship and distressof pa5tand present merT)bers o¥The Patschure ftegimentand Aithrne Force5 and thetr d2pÈnd30ts 496 496 465 221 265 213 220 511 93 507 Totsl expenditiJTE L441 168 L465 NETOPfRATINfj INCOME 11251 20 Iiosi 1231 Netgaln5111osses1 on IDve5tmènts 825 174 11.3831 NET INCOMEIIEXPENDifuRE) 700 194 11.4061 Tran5ferbetYeth funds Netmovemertln 700 IL4061 RECONCILIAMON OF FUNDS TotalfuThds broughtforword 10.905 3,ODI 13306 15.312 TOTAL FUND5 CARRIED FORWA%0 11.605 8,195 14AOO 13?06 CONfiNui>J6 OPERATIONS JI irKoffle and expenditvre has aTi5enfrom wfttinuittt attltieS. ThÉn0{Drm9IrturthErInBnpI$IVnts e13
7HE PARACHU7e AESIMÈNT AND AIRBORNE FORCES CHAPmlREGisfwD NUMBER: 070059971 CONSOLIOATeD 8ALANCESHEeT AT JI IJECEMBER2D23 Unrestricted Funds Rèstricted Fund5 2023 Totsl ftsrtds 2022 Total funds £000 £000 £000 SIX£DASSÉTS Intsneiblefixed assets Tangible at$ Herit¥e assets Investmcnts 34 641 649 391 .004 695 391 10.519 16 17 3gl 10.934 2.070 11367 2.711 14.078 IL653 CURRENfA5S5 Stocks Debtcs Cash atbankand In hand 72 97 175 72 132 63Z 78 19 35 457 L618 344 492 836 1384 CRETr05 Amountsfvllln6 dyE wilhi Dn2year 20 lic61 NEfoJAReNY A55Éf5 238 722 3.259 TOTALASSETS LESS CURRENT LIABILMES 11,605 3.195 14.8 13.906 CREDITORS Amovnt5 faRlngdue aftèr more n one ye3Y 21 A55ET5 11,6D5 3.195 13.9C6 FUNDS Unrestritted funds Re5tiicted Funds 11.605 3.195 10.905 3.001 TOTAL FUMOS 14.800 13.906 ThesÈ finanaal st3t2ments have bteftprepared in aCCOTdance withth¢spEaal provIon5 of Part 15 of the Companies Att 2006 rektingto small tharlt3ble compaies. ststements reapprOd bythe Beard of Twstee5 on Z$Ju 2024andwere*ned its behalf by. It Lorkner CB D50 MBE-Trwtee p4e
THE PARACHWE REfjIME ANDRBORNe FORCESCHARITYTlAsuppof0uRpAAs PARENT STATtMENTOF PINANQALAcfwiES IINCORPORAllNG AN INCOM£AND EXPENDrruREACCOUt4TI FOR THEVEAR ENDE0310ECÉMBER Z023 2023 fotsl fund5 2022 Total funds Unrestrirted funds Restricted funds Note5 £000 £000 INCOME FROM Donations and kgdcies Charir¥ble #¢tl*S Incomefmm charkableactfvlt1È5 449 98 547 Othertradlng activities Investment inwmt 162 320 81 59 379 331 Yotsl income 936 164 Lioo I,oii fXPENDFfuREON Raisinglunds Cbaiitsbleartwitles Promore and m8intisn the heiitsEe of The Parachuts ReE4"ment and pirborne Forces Promote the efficierKyofThe Pèrxhute ReEwnent¥nd Alrborne Forces Refief of need, hardship and distress of past 3nd prÈsÈnt membÈrsolThe Parnthute Re8Thentand Airbtsrne Forcesand thdr dependants 170 170 116 142 142 132 213 230 511 93 604 S07 Yotsl expenditurE 1,036 1.136 OPERATING INCOME iiooi 1361 26 Netgainslllossesl on invesrmem 174 999 11.3B31 COMEnEXPENDIIiJR 963 113571 Tr•nsfer betsveèn fvnds 23 Net m)vementinft5nds 725 963 11,357) REcCMaLTl0N OF FUNDS Totsltsks broughtforward 10.693 2,250 11943 TOTALFUNDS CARRIÉDFORWARO 11,418 1,488 13P06 CONTif4UING QPEKAMONS l incomé Èrtd expendittsre has aAsgnfrom Therth5roportPt1htRffimnIStrterntsl p2$
ThE PARACMUTE REGIMEMfAND AIRBORNE FORCESCHARfry (REGISTERED WUMBER: Q70059971 PARE14T 8ALANCE5HEET AT31 DECEMBER2023 Unrrtri FndS Restricted Fund5 2023 Tatol funds 2022 Tthl furlds Nrtes £OOD £000 £000 £ch)o Intèthgble fixed as$2ts Tanglbleassets Heritage assets Inve>tment5 14 Is 16 17 391 lQ.934 391 13,W4 391 10,519 2,070 IL338 1070 13,408 10,930 CURREPIT A55ETS Qebtors sh at bankand In hand 19 273 1451 3$ 391 907 1,323 346 228 426 2.230 CREDrroRS Amounts falllDgdue withén ¢neyear 20 18 iioii NETCURRENTNSSETS 141 418 559 2.129 TOYALA55Efs LESS¢URRENf UABILrriES IL479 2,488 Ix,967 13.059 CREDrroR5 Amounts frllins du¢iftermoreth4n ryLei zi 1611 11161 NEY ASSETS 11.418 1488 13,906 11943 FUNDS Unre51ri¢red funds Restrirted fund5 11.418 2.488 10.693 2,250 TOTALFUNOS 13.906 12,943 These financE31 ststements have been prepared In Trmth the special provisions of Part of the comp8niesACt26 138 tDsmall charitable companle5. The Nnanclèl ststements we approved bythe Board of Trte¢S on 25 July20248 were st8Thed on its bEhaLFby.' LtGe OSO MBE-Trtee Th¢n¢te$frmpArt4FthtfmThth11IBle1 pale16
THE PARACHLrrE REGIMETr4T ANDAIRBOMNE FORCES tHARITY7/ASUPPORT OUR PARAS CONSOUDATED CASH FLOWSTATEklENT FOR THE YEAR ENOED31 DECEMBER 2023 2023 3022 Cash Itowsfrtym operatift%arti¥lllÈs: Cash gEneTatÈd Irc>m Operatn5 IZ4 19991 Net E8sh provlded * It4sed in) operat1Sell¥1t 124 13991 tash Ilowsfrom iAvestingatti¥ff<les: Purthase oftan8iblefix assets Sa of fe 3ssetlnvegtrrtents Purchase offwl asset inStments Ir¢ierw receed thvtsgends reNe 1431 IL4851 335 328 Net£ath pravlded by inwtin¥ attiviiiE5 11,iioi 288 LDE¥l $h and 4qufv4kDts In the rtpottinipttiod 19861 Iiiii Cash alsh e4uivalentsth Winningof the reportln¥ perlod L618 1.729 Cash andcèsh equivalentsatthe e#d olthe Yeportirry period 632 1.618 e17
THE PARACHUTE REGIMENT ANDAIRBORNE FORCES CWITYTIASUPPORTOUR PARAS NOTESToTrfE COPISOUDATED CASH FLOWSTATEMENY FOR YHE YeARENLIEP3I DECEMBER2023 REcONcILTION OF w[NcOmETO NET CASH FLOW FROM OPERATINGACTivrriES 2023 £(M)o 2022 £000 NÈtfncomeforthereporn'ng period las p¥thestatementof flnancLilatttvitles1 Adlu51meDtsfor'. Dtprecorion charges Interest received ikndends receed ses/lgain51 ON investments Incr¥5elldecrease sn stk Ilncreaselldecrease in debtors Intrease In credTtors IL4061 6Z 1441 13351 19991 131 13281 I,Y83 12 1871 1211 556 117 Ntt cash prnvided by Iu5ed tAI OperaTlES 124 13*1 ANALYSIS OF CHANGES114 NETFUNDS At 1.1.2023 Ch10W At31.12.2023 Net ¢ash Cash at bank Ènd in hand 1,618 19851 63Z rotal 1.618 iy861 632
THE PARACHiJfE REGIMEfff ANDAJRBORNE FORCESCHARTlASvpPORf OUR PAftAS PARENT CASH FLOWSYAYEMEI FORIHEYEAR ENDED31 DECEMBeR2023 2023 2022 cash flowsfrom operatNigact5vttles: Cèsh 8eneratÈdfrtsrn operation5 131 13501 Plet rash prLwided bylu5ed inl Operatt3ct1ti¢S 131 13501 Cashflows from invexing artivitles: Jrdwse Of tèftgibjeEd )s5ets S31È of fixed et Ènvtrstments rch3se of aetIVeStments Interestrethed DividÈnds rpc4ivBd 11,4861 335 328 W•t provlded bylnvostTngac4ivItIos 11,1081 289 in ¥rKI L¥$h e4U4vak¢itsit) Ihe rwrtingperlgd 19771 1611 sh and tash equivalerttsth#b¥innliB of the1epoTrEp01Io 1323 L384 CJ5hand cash e9¥1ts8ttheend vf tht reprtinE perfDd 346 1,323 ITr19
THE PARACHLITE ReGIMEwfANDAIRBORNE FOXCESCHARtrYTIASUPPORTOUR PA NOTE5TOTME PARENTCNSH FLOWSTATEMENT FOR THETrW ENDED31 DmBER2D23 RECONCIUATII)N OF NETINCQME TO NETCASH FLOW FROM OPÉRAmNGAcfiwTIES 2023 £000 2022 £000 Net incomeforthe POrtir¥ peryjd la5 pertho statemut finana31 attivitiesl Adjustments for DepreaatitynchBT8es Interest recelved Dwi6eDds recewed Losse51(galnsl on investments Ilncrea5el in debtors lThcrea5elldecreasel irb¢reditgr5 963 U,3571 io 1441 133SI 19991 599 1328Tr 1,383 11721 117 Netcth provithd byltss¢rt tAI opeMlnga£rM%*s iaso APIALYSIS OF CHANGES IN NET FUNOS AtLI.2023 C05hfiow At31.12.2023 NetCJ5h Cash at bank and in hand L323 197n 346 Total L323 1977) 346 TheMtEshrfftP3rtcfthE5efincts11stfftrnEts PJF2U
THE PARAcHUTÉREGFMANPAIR8ORNE FORCES CHARITYTIASUPPORTOVR PARA5 NOTESTO THE FJNANCIALsfATEMEMrs FOR THEYEAR ENDED 31 DECeNIBER2023 I ACCQUNnNS POLICIES ANLI 6EflEFLAL INFORTION 6enEral InfomTrtlon The Parachute Rewment and rbornE Fortt5 15 4 priv¢ rompar5y limited by 8uarantee and IKorporated In England. régi$ttrred Offi Regimental Headquarters, Merrille 88rracks, Cokhe5ter, W2 7ur.Thefnanclal statements èrÈ prostnteil in 5terliw which Isthefuncion31 currencyof the tharitable group. 7here are no Tnaterial UnCErt8inties about the charitvs èbllty to CDntinue. Tht Parachute Rt8thent and Alrborne Forces Charity constr£ute5 a p¥blEcbpnEfitentity as defined byFRS 101 01$ of preparfng therinall5l8terneTh5 and General infornb8tK Thp fiTb3ncR5 statements ofthe charitable urnpany, whidT LE a pubFir nerrt entity under FRS 102, beEn prepareit in atcordance With the ChalieS SORP IFRS lQ21'kwvnting and Reporng by Ch?rit%S'. Ststement ol Recommend£1 Practice applicable to th3fities prep3ring theiT ac(ounts in accordance rth ¢he Fillanriil RepDttin8 srandard dppllrable in UK and Republic of Ireland IFRS 1021 leffE£tive I January 2Q191'. Financial Rpportins Standard 102 The FillarKial REporting Standard applitsble in ihe UK and RÈpublic of Ireland,, the Companits Act Z006 and the Ch)rities Att 2011. The fifranoal stateméE)ts hEtye prepared under the historical cost convenon with the e%¢eptlon of investments which Ire included at nyrlei as mlfied by the revaluation of trrtaiD4$5ets. Incorne All Tncorne iewgntsel in the Statement of Finanual Acttwties the charity has entidemert ID the furis. it Is probable th&tthe income wdl be reed aNdthe amountcan be mÈasured rellabty. mover is the amount der[ed fmm the proms of so$1Stlte¥ and slatÈd aftÈr trade dlscounts. othersalestsxesand net of VATwhere applitsbie. Donated services and taulitie5 reprp5ents costs bome bythe Ministry Defen in connectlon with 5tsff Seconded tothe Musèum and the pareni ctyrltywlthoutiharges, rates and otheroffi£e eKpeTh5éS. ExpenthtrJre alie5 are r8&Sd as e%peDdivJre3s soon 35 therE 15 a legal or £on5tructiVe oblall0 cotnmittyn8 the Chan ta expendlture, It Is probablé that a traIer of ecofiomlc benefits wfll be r£quired lrt setdÈment and the amountJf the oblig4tion (an be rne¥ured reliably. EXpeThdire is accounted for on an accru¥ls bass ind has b2en da55thd under headiTh8S that aggregate all cost relaied to the (#tery. Where costs tsnnot be dire¢tly3ttributed to P3rticulaF headings they have been 311ocat2d to aCtitieS0n a basi5 con5i5tentwith the use of resour$. GTrnt5 tsffed 5ubjett to cor[tIDn5 iyhKh hiv8 not en met at th2 year end date are noted as commY(ment but Dot as eygeidlture. Allotstion and apptsrtionmentof costs Supporrcost5 are ¢osts relatedto providig (firect support to the th8ritablec(5mpV blrtalso irtdud sts, in5ur£nce. telephofte and other Dffice costs. Governan tosts are 1ru5tee Mee8 3Tbd ttavel eKpendituie. Any such costs IncurrÈd durlnE the year that ale not direct attributrble to the th¥table activ$ of the rsryinisation 8r allocated on the prOpoon of totsl direct CDSts required t 5UPPOrt each activty. IntaThgible ffxed assets Intin4ible fixed 3sset5 were 3cquired In 2016. 2017, 2018 and 2020 afjd 3re 3morti5ed twer an 8 to 10 yer period on èstraight line basLE. P4yZi
THE PARACHUTE REGIMEwfANDAIRBORNE FORCES ¢HARnYTIASUPPORTOVR PA N07ESTOThE FINANCIALSTATEMEpifs-COWTINUED FOR THE YEAR ENC>ED 31 DECEMBERZDZ3 I ACCOUKfiNG PIXICIES-ccntinu#d Tangible ftxedawts Oepreciation is provided 8tthefolknwing2nnual rates In ordÈrtrtwfEtÈ off each 455etoveT it5 e5ttrnated useful lifè. Leasehold Eql¥pMentaTrdfinss - over th¢ lenth ofthe lease - Stralght line Qver 4 yws. Straight line over 3 - IQ years and liJ% redu¢kn balance. Heritrge assets The PaTaehul2 Reggment and Arborne Forces Charity holdsvarfous hérit¥8e aets. including a mernorta ststue, paithtings, ¥luettB5, and trophie5, to preserye the heritage cf the Parachute Re0iment ¥md Alrbome Feree& These asset5 are included at cost and 8re nrt depreoated as thelr natur? means th they ha 3n lJ)defv)fte usefvl 0omiC Iwè. considÈratlon ts givgn Èach year as to wheih¢r th¢ lu¥ these assersshtsuld bewritton down IfarLjJW5trar rneanthey have becorne itnpaiEEd. Alrbome Assauk Limited. o subsidi¥ of maiN thariry, hows a large nLmber of herfcoge ets in CDnTheCn with the htstory ef AirbomÈ F¢rte$ 4n¢ consists tsf the Museum's colleclion both ¢n and tsff display. They indud@ medaL%, uniForm5. equ4)ment ¥ehi£le5. an extensive 3rchiwe of docurnents and ima82ry and other arrefacts. The obietts are CO1&ered herrtage assets under the Statement of RecOTnellded practi terrns ¥theyare raneible assetsof hstorlc Or èrtistK import3ftce,' Gonsequenity, novaluè is placed on eithér1he assetor thedontion for 8tWUDtingpurpose& The manweryt poll ITh respect¢f herftage assets is summarisod in note 16. Taxa¥en Thecharlty lsexemptfrom roTptsroti4n tsx on its charitiwe actwiti&& excopthrits tradingsub5idv4ries. Stork Stocks are valued aithe lower of WSL and net re8nsable v81ue, after maying dedudonsfcf obsokte slow rnowng itet Fund ac¢ounth¥ Unrestricted fvn(ts can be used IN accordan with the charitse tsbjettrnfes at the disuetion of the tte Restrlcted funds can only be used IDr trartEcul8r lestritted Dutposes within the obJÈtts of the charty. Restrlctions arise wh¢n speofied by the donor or when fvBd5 are Rised for p8rtlcukr restricted purpl. Further explanation of thè ntture and purwst trf each fund is induded li the notss to the finoncial statents. Basis Df consolidatlob) The account5 of the 8roup cons01id3te tha results of ihe company and Its subsidlary undembnBs. ABP ItEtsil timit¢d. PAftAYIO Umlted and Iurborne Assault Limlted whlth are rrwd¢ up ta 31 December. The aOunts are consolldaied OD a linE by line bo515. ReemEnt l>enefits 7he chaiitable comph Try operate5 4 d¢flned coniributi4Tr pensiLWI 5¢hÈme. ConTribution$ payable to the chari13ble company¥ pension scheme are tharge tD the Ststpment Df Financial Acbwtie5 in the PEripd t whTeh they relate. Exptnses art lloeated based the proportitsn of direct casts reqwred tD 5uppon ch Page2Z
THE PAKAa4L¥TE RE61MENT ANCIWRBORNE FORLES CfriARrrvTIASUPPQRTOURPA OTESTO AMthNCIALSTATEMETrifs- COWT114UED FOR THE YEAR ENDED 31 DECEM8ER2tr23 L OONATIONS ANO LE6AaES Grtsu 2023 parert 202a £OLK) fjroup 2022 parÈnt 2022 £000 PAW'IOspDnsorship P3rBth12 donations Oonition5 Le8acles Grants Day's P3y kheme income Donated serviw and faeiltties io io 45 218 IZ4 21$ IZ4 302 66 287 66 24 193 41 196 42 524 196 193 547 674 594 Dort8ted zre borne by the Mintsty of D2fence In conn2cticffl th staff scconded to The Pitschvte Regimentand riJrne ForcES ChaiitywithDUttharge. 3. OTFIER TRADINGACTrVITIE5 6roup 20Z3 Para)t 2023 £ODO Group 2022 Parent 2022 £0( MetchandtS¢ Advèrtising- Pegasus Royalti Charitablefvndrèising Èvents ABP Retail knrnited PAftAS'IO knmrted Par40ata phDt05alE5 Tradlng acÈDiltle$ ioi ioi 28 31 30 30 34 13 394 429 164 81 114VFSTMENTINCOME Group Z025 Parent Grou 2022 rent 2022 2023 £000 Dividendsfrom itwestments DepDSit t¢oufttinterest 335 335 328 128 379 379 331 331 INCOME Fff CHARABLECrlVrnS GTOUP 2U23 £000 Parent Group 2022 Parent 2D2Z EiX)Q 2023 £000 Subxriptltsns- Pe83sus Journal 6ranis Res2archlarthivev¥ts Charltèble atLNittèS Chantsble?rtltf5 Musevm runn5ng io
ThE PARACHU¥E REGIMep4T ANDAIA6ORNE FORCES a4ARITYTIASUPPORTOUR PARAS NOTESTOTHE F114ANUALSfATEME14TS-CONTrNUED FOR7H£YEAR ENDED31 DECEMBÉR 2023 6. RAISING FUNL15 Group ZOZS EOOO Parent Group 2022 £0 Parent 2023 2G22 £000 RaIngdOntyJn5 ind leg2cles aff costs Fundraisi and DnlinÈ givin8c9515 Trèvel and SLFb5iStence Functioneypertses erchnd Trading actpif(ie&' ABP Her&il Litnited TradiThE PARAS'IO Limited SupportC05ts (see nete 91 88 16 69 io 16 io 28 14 301 25 30 496 305 42 20 463 30 170 20 116 7. CHARifABLE AcfNmES COSTS IGROUP) irect(Q5ts 6rantlunding SuprAIrtcwts of activities 15eÈote91 15eenote81 EOOO Tots £v(KJ PrDrnOte and malThtsin the herfitage ofThe Parachute ftegirneni èndAirbome FaT¢es- Ger)èr2 ProtnDte and maintsin the heritage of The Parachute thwment andAirborne Forces- Museu 66 21 87 195 261 2D2 28 2S9 Promote the efficlenryofTheParachute Regiment and Fortes Rèlief of nped. hardshlpznd dlstre5s of paAand Prent members ofThe rathuts ReÉonent and rborrte Forte$ and theirdepÈndants 44 125 si 220 135 313 156 440 438 235 •24
THÉ PARACHUTE REGIMENT ANDAIRBORNE FORces CHAArrYYiA suppoKfouR PARAS NOTESTDTMEFIPIANaALSTATEMENTS- coNnNUED FOR THEYEAR ENDED31 OECEMBER ZOZ3 7. CMARrrABLEACYIVITIES COSTS IPARENTI Directccsts Grarjtfunthing Support Costs Tots of acuvities (See Jjote 91 (See note 81 £000 £000 Promote and rltaIr¢the herfta8ÈofThÈ Parathute Reelment and Airberne Forces Promotethe EffitiewofTh? Pèrathute Rwtnent andAwbome For$ Relitf Df rd. haTdship and distres50f pt and preseni members ofThe Par3thute Aegiment and Airborne FOeS 8ndtheirdep2ndÈnts 21 142 44 125 si 220 135 313 155 245 493 228 966 & GK4NT5 PAYABiE 2023 2022 6roup £OOD Parent £000 Group Parent £000 Promote4nd m3intsln the herltageof The PÈrathutE Rwrnent andAtrbome For£es-Gener4 Promoteand m8¥nlain the heritageofThe ReEiment- Museum Promote the efficierry ofThE P4ra¢l¥ie Regiment and Atrborne Force5 Relief of need. hardship •nd eSsOf past afid pre$ertt mèmbers ofThe Parachute Peyment and Airbome Forcès andthpirdeppndants $5 51 125 125 313 313 294 294 438 493 414 465 Arta1 df Erants payable.. Totalfunds Total fvTrds 2023 2022 £000 £000 Unr25trtcted Restricted £000 £000 Otherorg8nis*Dn5 and indiwdu21s 8reya Ward 345 93 438 414 Totsl Group 345 93 438 414 Airborne Assau Limited 55 $5 51 TDtsI Parent 40D 93 493 465 Th2 P8Fent charity made 8 total of 318 grants to indwiduals for the prov0 of welfare 5erillc, support attd linandal lSEte lor soldier$ or fam¥ and dependants of sgldiers of The Parathute RÈiimÈtttandAirborne Fortt5.
THE PAK4CHUTE REGIMÈtIT ANDAIABORNEFORCES CHARITYTIAWPP0QVR PA NOTE5TO ThIE FIMANCiAISTATEMENTS- coKfiNUED FOR TH£YEAR ENL>ED 31 DECEMBER 2Q23 9. SVPPORfcosTS Goveman Other £000 sts Totsls £000 931sln8furds 30 Promote and maintainthe heritr462 of Th¢ ParèEhu AÈ¥iment andAirt)orne Eorc£s Prumotethe Efficiency ofThg Parathute Regimentand irborne Forces RelieFof need, hardship and (Pttrgs of pastand present Mernbe ofThe PaChie Re8imwt and irbgrne Forc45 4ndthe1rdEfi3nts 19 21 47 51 144 210 18 228 Mvseum runfting JlocatedtDCh3ritableAci¥vSfjes 25 235 Yotsi Support Costs 238 27 265 Acbv Other Ga¥Èrnance tosts BasioFall(atio Proporri¢n of direct cort5 req¥lrsd tQSUPPgrt oach acbvity Proptsrtiortof irecte0 requwed tosupport each activity 10. NEf INCOMVIÉXPENDITURO Netlnmme/ IExpenditurel1sStatsd 3ftirth3rginlU¢dilinl)'. Z022 £0 EIJOO Audituts. rÈmUner3tiort-curtent8r (Net ofVAT) Auditors, remunErJtiDrJ-sub5idiarie5 [rtOfVATj Dpre¢iati¢rt-owneé wets AmortUDn li 48 14 Is 11. TRIJSYEES. REMUNERAnON AND BEPIEFITS ThEre were no tru#ees' rèmurtoratiOTh or other benefits for the year ended JI DEiembpT 2023 nor for the ye8rended 31 De¢ember2022. TrLLStee5' expenses Durfng the yr six12022= onel trted5) of thÈ th¥ity were reimbursed tra¥el and 5ubsiStert¢È costs in¢urred incoftnection wth thE th8ritytotslling £4,55312022'. £8141. Pa8o26
THEPARAThVTE REGIMENT AND WR80RNEFORCES CHAkryYTIASUPPORTOUR PAAAS OTESTOTHE FENANCFALSTATEMf hiT5-ccv4nNueD FOR THEYEAft ENDED31DECEM8ER2023 12. STAFFCOSIS 2023 2022 W48E5and salaries Soclal sethritycosts Empfoyets- defined wntribuiions 4SI 38 20 347 25 17 389 The charity rECv¢sfvDdinS frorn thef0llcng SOUFC25in relation toemployed roles.. MOD ManaEempntand admlntstFatbn MOD Museum operatlon OgtlbyTtiist Museum operation 32 22 63 24 The averag¢rnonthly numberof employees durlnitheye8rwas èsfolltsws= 3023 2022 Benevolence and weWare support ManaÈÉment and adrniniStr3tsn Museum upEr8Ort io The number Lif employees whose employee benefits lexduding eryloyer per$1 C05tsl exceeded E60.OOU was.. 2D23 2022 rn).OW. £8Q.O(X) The Chief fxècutivÈ Otfior. Finan Direcror. Head of W18 and the Head of Fundrèi5iw & Communications are ¢on5ideYed kEy manaKement PETsonnEI. The iotal employee benefit5 in they¢ar (sncluding e0Ver.$ n4tigl in5uran¢e and pen55Dft COntributio*sl fttr these posts were E204X)(X) 12022.. £1901. PaiR27
ThE PARACHLITE REGImHt4oAIKBORE FORCES CHARif¥TIASUPPORY OUR PARAS NOTESTQTHE FINANCSAL sfATEMft4TS-CONTINU FOR THEYEAR ENDED310ECEMBER2023 13. CQMPARATIVÉS FOR TNESTATEMEiifoF FtNANaALACTivmESIGROUPI UT%re5trirted ReStrted funds funds £coo 5S6 Totsl fvnd5 £000 674 INCOMEFROM DonatlOn5 and legac4e5 Chaiitable Jctiwties Incomefrom £haritableatt¢V5 OthÈrtradingattthiitse5 INestent incorne Other Incom 428 271 429 331 Total Fn£om 1.258 1,442 EXPENDETURE ON R¥isingfvTrds Charftabfeouivltyes Promots and m31ntsin the heritsge of The P8Rchute Re&4ment and Awborne Foros Promoteth¢ effigenwof The Parachute Re&ment and Airborne Forces Rellef of r*ed. hardship and disuoss of p35t3nd present men)betsofThE Pardchute Rewnentlnd rbome For¢e$?nd the1rdendants 63 194 265 221 230 362 145 507 7utal Expernfrture 1,24Q 22S L46S NOpETING IXCOME 18 1411 NetgainsortitweseWts 11.1341 12491 11,3831 riET INCOME IL1161 I2) 11,4061 Transfgr b¢tsv•8rsfund$ Net movement in lunds 12881 11.4061 RECONCIUAnON OF FUNOS Total knughtfotward J2.023 3.289 15312 TOTAL WNOS C4RAIW FOftWARD iO,YJ5 3,001 13.9L Pa£•l8
THE PARACMUTE SIEFIMENT AND AIRBORNE FORCES CHAWTYTIASVPPORTOURPARAS NOTESTOTHE FINANCIALSTATEMENTS-coKfiNvep FQR THEYEARENDED31 DECEM8Eft 2023 13. COMPAPAIIVE5 FOR ThE STATEMENYCfj Fif4ANCIALArnvmE5 IPMENT) Unrertricted Ru5tricted funds funds ToEal funds £QOD s94 INCOME FROM Donattons Ite$ Charftsbleè¢tsvilips Incorne from charitsbk actlvllles other1rain8•cilt9 Inveamenr Income Other ix¢¢me 96 81 331 271 60 Totsl Income 162 Lrjii EXPENDITVREON Raisingfunds Charitable a£bvltles Promotr afid rsntaIn the herflO8e otTh& P?ra¢bvte REgiJneTht and Airborne Forc25 Prornote theeffictencyofThe Patschure ReqirrtÈnt and AlrbornE FOrS Rellef of hArdship and d45tre55 of p351 ènd present mernbers ofThe P3rzchute Reymentand Aknorne ForeÈs andtheirdependants 116 lis 132 132 221 230 362 145 S07 Totalexpeodlture 831 154 985 NETOPERATING IN¢OMe 18 26 Netyiths on wNe5tments 1,184 11.3851 NEf INCOME IL1161 12411 ILJ57) Trllr betwunfun Net rDpvernent in funds 11.1181 12391 113571 RECOM¢IUATION OF FiJNDS T4rtwlfuruts br(w8htfDrward IIMI 2,489 14,30ri TOTALBJNDSCARRIED FORWARD ICS,693 2250 Il943 hgE29
THE PARAOFLTfEREGIM£WT ANDAIRBORNÉ FORCE5CHARITYT/A5UPPORTOUR PARBS NOTESTOThE FINANaALsfATEMENTS- CONTINUED FOR TrIEYEAR ENDED 31 DECEM8ER2023 . IANGIBLE FDASsET$ Computer Softre Graup Totsi Group £000 Total Pare At ljarttsary 2023 Additions 547 547 14 At31 DÈtÈmber2QZ3 547 547 DEPRECtATION At lJ4nuary2e23 thargeforyear 499 14 499 14 At31 Dernber223 513 513 Nrr BOOKVAWE At 310ecemb¢r 2023 At31 Dember2o22 48 Computer 50fvarerepreserit5 the P8rnDaE8 systsm andSvbsequen¢5ubSt8nal wpgfaes tothe plarform. 15. TAN6181EnXEO A55Ers Plant and Long mxhinery Le15ehold etc GTLWP GYDUP £000 Totsl Group £000 Totsl Parrt Atl January 2023 Additsons Dtsposals 1.571 1821 27 At31 December 2023 L57Z 2.822 26 DEPItEaATION At l Janu3ry 2023 ChaeforYear Eliminated on thsposal 570 L556 2,126 At 31 Decemb2r2023 1564 2,173 19 NETBODK VAWE At 31 Oettmber2023 641 At 31 Oecemiw 2022 15 695 13 Ltr]Tg1sehold 85sets rewesetttsthe remal*iThE value of the lease held byAirbome Assault iimitpd on thè DuxfDrd prernisek Pknt and mathinery, etcrepresents ¢omputer hrdware and other mintsr8$5&ts heFd bythe pafetti wththe mijorityefthe being ihecost of the phy5itsl rusr of th¢rnuswm dig)ky4 artefatts and èr(hive hÈld byA1rbEA55tt P•ttaO
ThÈ PARACHUTE AEGIMENT ANDAIRBORNE FORCES CHARITYTIASLIPPORTOUR PARAS NOTESTOThEFJNAwaALSTATEMENTS- CONTINUE FOR THEYEAR ENDED 31 DECEMBER2023 I& HERAGEASET$ Totsl Group Totsl Parent COST At l J3nvary2023 Addlttons 351 At31 DnIbr2D23 391 391 Heritage tts represent artef8cts held by The Parathute Regirnent and Airborne Forces thority which are r¥mentsl pèirrtin8¥ ntrePIeC9s and thé PèrdSUS Ststue situated at tho National Memorial Arboretum. There were no dpOs?1$ lrnpalrmérttof hèIitogeassets in the yearorthe prpvious f¢¥ryrs. Alrborne A%?uSr Limited, a sub$idiHry of the main thaTtty. holds a 13rgg numbw of hèritè8e ass¢ts in ¢OnnecOn wlth the hthry of Mrborne Forces intfj consists of the Museum's collectlon both on and off Isp13Y. They ifj¢lude rred315. uniforms, e4UiOMent, wehldes. èn extenswe orEhNe f+f dOrneDts and lrnagery and otherartsf4Ct The oblÈtts are consldered heritage assets tsnderthe Statement tsf Recommended Pr8Uits terrTh5 a5 they re a55¢t5 Of hist¢ orarti5tic importance- consequentty, ThDvalu¢ 15 ped on either the asset rthe don8tionforattountin8 purposes. There are 4 rnain ejements tD the collertion: thÈ dtsplay in DuxfDr(L th¢ phy51ts1 ar£hlve at Duxford. the dwtal archive ParaData. and ihe reseThe rO1ctIon heltl stElY * 8IngboUrn. The pubtsc are able to atce5S the museum in Duxford whenthe sr(e is open duringthe weel the archive by appointment and tan viÈv• P3r3Data onlinè. Heritage assetr from th reserve callectiorl carl be rthevet% by museum stdff forpreamnged vlewln8at Duxford. ThE tharity doe5 nat athvely seek new rÈ*ms for the museum but does re8ularty rKeNe it8m5, both don3te6 and on loan, from both serrillg membErs ot the Parachute ReRiment and those who h3ve prewouslyserved In Airborne Forcesor th@IrfamlIs. Thecharity Utili digital and physical r0rd¢n8f0r Èath asset 4nd has an apprfftd Collea>$ Poficy and Plan to The Collections Trst SPERUm 5.1 8uideline5. knydtsposals from the colleLtion 3re approved bythÈ trust follownz The Cc41eayonsTrust SPEcfRUM 5.1 puidÈlines and the TllU5ewn5' disposal poltcy. The rnaiority of artelatts wÉre accrued in the 19505 and I%Os. upon the inltlal estabftshment of thÈ original museum in dershot, 3nd theywouid never b8 501d. Fortkos reason. the value 15 not Included in theaceounts. Fur insur3DCt purp¢sEs, the trustees have undertaken a yUat}n of the colle¢¥on whlth indicated a potentsal vèluÈ of £3.245370. However, 35 the th3rity wuuld be unèblÈ tD di5ppse of the collèction bv Selling the itetn5 thi5 15 considered to be relevbnt to allowing the charSW to rebuild the cdlecbon rf desrroyed and io many eases Itwould Tt able tD repLryce the items asth2y3re Uqu.
THE PAR4¢HiIT£RE$IPIIENT ANDAIRSORPIE FORCES(HARtTYTIASUPPORTOUR PAAAS NOTEsfoTHe FINANUALsfAYEMENTS-Co1uED FOR THEYEAR ENOED 31 DECEMBER 2023 I& HEftIYAGEASSffSrDnt(nued Al 8 summary4 £14,648. the total valuE of objects reNed into the collectlon the past S yvr5 15 vjlued at Year 2023 2022 2021 202Q 20 Novfitems donated co5tolacpultE0n Valueof d)natiDn 1£) 256 74 57 4.777 6.025 2.376 575 No•e oth¢ itsowe itsmshÈve beÈN reeo8nwd in the cthariryacwyThts in IlTre wh£he acwuntillg wlicy. 17. FIXEDASW INVESThIEP4TS Group Ltsted iTwestments MARKETVAIUE Atljaouary 2023 AddÉtsan5 Oi5POsa15 Aev8lu*lo ID,519 1,488 999 At310ecemèer2023 NET BIX>KVAiUE At31 O¢cember2023 ts,004 At31 December2022 10,519 Lsted investments MARKETVALISE Atl January2023 AddiMIIS Disposals Revaluations 10519 999 Atal 9ÈtserI023 I3,4 NEI BOOKVALUE At31 Oecember2023 AI31 DKember 2022 ID519 Llsted investments or¢v)lued #rtheirgvoEed mèrket pri ltih? bBlance sheetd8t¢. PoKe32
THE PARACHUTEAEGIMÉNfMDAIRBORNE FoR£tAk1T¥TIA$VPpORTOVR PARAS NOTESTO THe FINANcIALATENtS-CONTrNUEo FOR TrIEYEAR ENDED 11 DECEMBER2013 17. FIXED A55EfiNVESTMENTS-rontinued The parent iompanvs investments at the balance sheet date In thè shate DI companies ittdude thefolbwln& PARAS'IO Limited Company registration number.. 08368199 REIe[ed office: Rezimenkl Headqu2rter5, Mervllle Barracks, CL4che5ter. C02 71rr Mitvre ol busine5s= Comrral Events Clatsof share.. hD>Jlr 2023 £wo 2022 Awesatecapit818nd rè5ÈNes Proflt fortheyear 30 AOPRetail UmAed Company reg13t10Th numbLr. 06009028 ReE15tered oftlce.. TerTrn House. Unit$ 1-3 Denrn Street East. Nothn8ham, NG7 3GX Matvre of businesy. Retail andonllne Shop aass ofshar¢.' Ordifiary olding IOD 2022 EOOO AggreBrtenpitsl and reserves PmfitforthÉyear 55 28 55 AwborneAyI¢ ismitsd Corr¢any 9lIatIOn nurnb. 06743823 Charfty regi¢Lration numbEr." 1126r16 AÈg(Stered office.. ReMents1 Headquarters, MervAle Barrack5. Colchester, C02 7UT Natuthasw.. Museum running mited bygu?rarte8'. Sole CDrporate Member 20Z3 £000 2022 £oDo AgwwEfvods DeftcitftrrEhe yoar 1621 461 Pw33
THE PARACHUTE REGIMEIIT AI4DAIRBORNE FDRCE5CHARITYY/A5UPPORTOURPARAS NQYE5TOTIIE FINANcIALATEMeNTS. COPlllllUED FOR THE YEAR ENDED 31 DECEMBER 2025 I& TRAOtNG Rf5ULTS OF5U8SJOIARIES ABP R*iall Umlted 2023 PAftAS'IO limtt 2023 2022 TURNOVER 329 339 55 55 Cost of saS 12161 1231 GROSS PRQHT 123 32 IG Othefintome (g4vemmentntsj 32 16 Expenditure PAOF 28 34 13 AtrbOrneAsSau Limited 2023 20 ÉODO Inc Omotions and legac5 Re5eèrch and ArchNeS1ts Oth¢rtrérfJng actiwties InvestmÈntin¢ome 132 131 TOTAL INCOME 135 135 Lmpendlture Wèges Property Admio(strotian maten3nCe Depreciation andamortisation Supportcosts 86 io 14 29 56 81 io 21 55 roTALEXPENDITURE 199 EXPENDiTLIRE 1541 2023 £000 519 Z022 £ODQ 579 Totwl$ubsidiary income YptalsubsTdlaryexpendtttsrt 525 531 34
ThE PARALWUTE AEGIIIJENT ANDAIRBORNE FOR CHARITYTIASLIPPORT OUR PARAS TrIOY£STOTHE FIN1cIAL5TATEmE1ITs-cOPlThNUÈ FOR THEYEAR ENDED 31 OECEMFER ZOE3 19. DEBTaRS..AM¢XINTS FALLIP16 0UEWThIN ONEYEAR 2023 EQOO Gra1 2025 £000 Parent 20ZZ £c¥)o Gmup 2021 P3Yent Arnounts owed sroup unJ¢rtakln TTrded¢bto¥s herdEbtars io io 57 118 227 132 I CREDITORS:AMCdJllTS FALLING DuewThHIN OMEVEAR 2023 £0 2023 £oc Pat 2022 £coo Group 2022 £0 ParÈnt Group Yrade ueditors Tax*lon and SLx681 seCrrty Other creditors AcrruaLsforgrwts payBble 21 17 76 li 86 114 95 131 ioi ZI. CREDrroRS: AMOUNTS FALLING DVEAVER MORETHAN ONEYEAR 2013 2023 £000 Parem 2022 2022 EO(O rent Group Group Accruatsfor8rènts t)ayable 61 116 61 116 21 WILYS OF NEfASSET5 PFfwEEN FUNDS 2023 Tots fJn05 2022 Total funds Unrestrlrted Restrlcted Fund Funds £¢M)o Éooo 13rwp fixed assets Investrnpnts CrrentaS$etr Current li8bilities Longter¥n lialItieS 433 10,934 641 2,070 492 1,074 ,004 836 io,s 2,384 Iiofl 11.605 3.195 ,&Jo 13906 CorN)aay Fwed assets lftvestmeDts CurreDt a$sets currpnl ?bIlItieS Long term liabilitles 404 10.934 228 187Tr 1611 t104 411 416 654 1951 Isi) 2230 14418 2.488 1331 12.943 e35
THE PARACHUTÈ REGIMENT ANDAIRBORNEFORCES CHARITYT/ASUPPORTOIJR PARAS NOTESTOTHE FINAN¢IALSTATEMENTS- CONTINUED FOR THE YW ÉNDE0310ECÈMBER2023 2> MOVEMENTIN FUNDS et Transfers mDvem¢rt betwen At infuAIts fu& 31.U.23 At 1.123 Ut)resirfrted tomponytun 6eherèl fuhd HeFit3gè8ssets l(ksiKTh3tedlundl Airknrne Assault Ltdgrdnts Idesignatedfundl other designated funds Ide$i8nated fvndl CrUdr¥ton Appeal ILIE5WBtedfundl 2040 Fund Ide5i8nated fvndl VFe5tFiCted subsklAryftsnd5 ABP Retail Lirnited general fund PARAS'IO Ltmited genpRI fund TborneA5S3uIt Ltd gew31 P6r808t2 phase 11 (desigted fund) Otherde%¢Thatslfund5 Ide%igna£edf¥ndl 59 9,768 391 116 12 28 L102 391 171 1141 28 1.013 ss 28 30 [291 poi 55 54 37 37 41 31 10,905 7W 11,605 Re5trKted funds op¢tiOl Support PJnd BefjevolettceaDd WeW¥re Afghan1stsnT$t Otherresrricted AirbarneA55ault Nom)èndyTrust 8r4afvnd Frantis Fun PaTachute ReEirnent and thrbome Fcwces MuseuJnTru5t ParaData Phase11 og11byTnt¥rant 129 98 189 227 2.073 20 17 162 17 112 710 41 1401 670 35 3,001 193 3.195 TOTALGROUP FU14DS 19.906 34.800 TQTALCOMPAfiv FUNDS IZ,943 13.906 Fy36
rHE PAPACHUTE REGIMENT AWDAIRBORNE FORCES CHARITYT/ASUPPORTOURPAF14S IIOTesTO TfrIE RNANCLALSTATEMEPIT5-CONTINLIED FOftTrIEYEAR ENDED 31 DECEMBER 2023 Z> MOVEMENT IN FLINts5. ¢ontiThJed Net movemertlft ftsnds. induded intheabove are a5follows- Inckyning Resources Gaits ènd Movement resources Èxpended losses in fund£ £0 £wo £000 00 Llnre5triLted coMp¥nyfuDds General futhd Heritage assets Idesignedfundl rborneA553utt Ltd grantsidesignated fund) Dther destsd funds Id*ignated fundl Crud&ngtonAppeal Ide51ted fundl 2040 Fund IdeslgnatÈd fundl Unrestricted sub5idiaryfund5 ABP Retsil timitedgener81 fun PARAS'IO Limited g2neTal fun rborne Ass2utt LtdgÉneral fvn ParaData Phase11 ldeslgnatedfvndl Otherdo¥iqnatedfvnds Idesignatedfundl 8SS IY61 736 645 21 1141 89 325 55 56 13011 1251 28 30 iioi iioi 1316 IL4¢11 825 700 IteStsIc compaDyfvtMIs Operationalsupport Fwd Pega5usJD4Jrn31 8ÈneVOe ènd Welfart Af¥hani5tsn TN5t Otherre5tricted AirborneA552uk NorrnandyThJ5t Breya fuhd FraEKi5 Fund RestvKted subsidiaryfuThd5 P3rachutÈ RegimentaDd Mrboffte Forces MuseuMTr[ P£r£Data Phase11 OgilbyTntst grant 98 55 98 165 24 188 11681 174 TOTALGROUP FUNDS L504 I1,) 894 TOTALCOMPANY FUNDS 1.100 11,1361 963
ThE PI&AOIUTE REGIMEP4T ANDAIRBORNepoRCES CHARfTYTIA SVPPORTOUR PAPA5 ryOTESTOTHE FINANaAISTATEMENTS- CONTINUEO FOR THE YEAR ENDED31 DECEMBER2023 MOVEMENTIN FUND5- ¢ontiWEd OmtiVeS formovement in fvnds Net Tran$lers rnovernent beNeA infunds At 1.122 fvnth 31.12.22 £o(K) Vnrestrirt¢d comparyfunds General lund Werit88e •¢ts Ide$Enatedfundl Airborne5ult Ltd grants [dlatd fund> Othef desiÈThètsd funds Idesigr¢ated fwidl CrudEirtsn Appeal (designated fund) 2040 Fund Idèsi£rtated fundl Ilnre5tridEd 5ubsidryfUTrd9 ABP Retail MIthd ¢eheral fund PAPAIIO Limited general fund AirborneAwult Ltd gener81 fund ParaDats Phase 11 IdesignatÈd fur} 0thord)edfvdS IdÈ$ignatsdfundl 11,367 367 51 26 11,1531 11,1S0I 24 9.064 391 171 26 ¥013 55 1341 55 35 92 3D 37 79 41 1131 14023 141161 10?05 Rertri¢ted fvnds Operatfonal pport Fund Pesa5UsJournal Benevol2n and Welffare AfghaThlstsnTrust Orher restrficted Airborne A5SaUtt NomndyTrU$t Breya fund Francis Fund Parachute ReÈirnEntalld Aiiborne Furce5 Museum Trust PdraData Phase 11 Og(IbyTrLtstorant 57 108 20 30 17 12241 20 30 17 162 51 42 3.289 12901 3,001 TOTALGROUP FUND5 15.312 11.4061 13.906 TQTALCOMPANYFUNDS 14.3tYJ IL3571 12,943
TME PARACHUTE REGNE ANOAtRBORNEFQRCES (ARrTy1}A5UPPORT OURPARAS OTESTOThE F114ANCPAISTATEMENTS. coNNvE0 FOA THE YV4RENDEO 31 DECEMBER 2023 23. MOVEMENT IN FUNOS- eohtinu& Comparatlve netmov8rnent infund5. Indudpd in the aboveare 35 foUow In¢omiD$ Resovrces Gain5 and Movernent rerteS ¢xp?nded losses In funds £oJo £coo £0 £000 Vrtrèstrirted tOmpanYfs General fund HeriEaÈE 555et5 IdESi8n3ted fwid) Airborne Assault Ltd grants Ide5Ignaie¢ fvndl Othpr designated fund5 Idg5ignHLedfvndl crLgIt Appeal Idesignated futtdl 2040 Fund (designated fund) Unresviaed sthtdkrylunds ABP Retail LidEenera1 fund PARAS'LO timited genet31 fu)d AirbGme A5saultLtd general fitnd Parata Phase 11 Idesignatedfvndl otherdesiEE)atrd fund5 Ides¥nateLlfundl 725 17311 11,1471 11.1531 20 57 1201 1291 28 13 13 339 55 13051 1421 1971 34 1371 1,258 112401 11,1341 11,1161 Rettrftted tompanyfvnds OpeTrtional sprt Fund Pegasusjournal Benevolente and Welfre Afghan Trusr Other restricted AirboEne A453ult Normarktyrrust 8raya fund Fr¥ncis Fund RestrKted sub5id&ryryfvnds Par2ehute Rèpmentand rorn Forces Museum Trust PaData PhE5e11 08IWTrustgrant 191 1241 1451 95 S7 12361 12141 1761 1131 1861 1401 191 1401 191 12251 12491 Izyol TOTALGROUP fUPItrS 1.442 11.4651 11,3831 IL4061 70TALCCWPANYFUNDS i.oii 19851 11,3831 IL3571 Prye39
THE PARACHUTe AeGIMENT ANDAI8BORNE FORCES ¢HARrrvTIA SUPPORT OUR PAMS NOTES TOTHE RW4cIALATEMr5- CONTINUÉD FOR THE YEAR ENDEP31 DECEMtsER2023 MOVEMENTIN FUND5-contihuEd Unrwrithd fund5 The charity's gener41 fitDd5 conslst of funds which the a free to tr5e in acctrrdaffl wlth th? tharitablÈobjects. DeETr3tedfunds The charivs deSited fund5 {0D5t of tund5 which the trtsstÉÈs have de&gnatsd for a sOr1¢ purpose stated in the a¢Ur$. The Airborr Assault fund desigrjaton re1ètr5 to the three year fvnding agreementand will be expended by 2Q22. The ParaData ph3se11 fund rdatesto funds heldfor pectedfuiur2 c¢sts and will be e%pended %vithlrytnExrthrePtPfIYBVT Restrlcted funds Pegasus Journ81- the fund represents thÈ su4)lus or deftelt on the pub1KatiO Trf Thp Parithute ReKirTv5 Journal £onsi5tyng of three tditiOn5 per annvm. Any sutplus t5 held to fund futre Issu whilst deficits are £trvered by applKatlon of general fund% Ple4se refer to note 24 for fvture tharys to the pÈÈasusJoumal. Benevolence and Welfère- lift with AGAJ rtukdancè. an elem¢nt gf th¢ Day's SchernE Is to be withheld forbEnevolertlwekre purpose5. Afghanfjsian Tiust- IN 2015 the tharity receNed the entlre fLwds of The Parachute Re8imeM Af8h3n TrusL Thè fund is to nded in liffte with ts cbjects of the OfiEin81 tharity whlch 5UPPOrt those from Tke PlhUte Re8impnt who had bEen deployed to Afgh3nistan during the conffict. Thp Trust a150 exnded the remlt tts thosé who had bÈeN k41Jed OT injured 5inw September 2UOI in Afghanistan and Iraq to ensurethatthefund can supptsrt Parathute Begiment Petsonnel depYe Operational support fvnd- this fvnd 15 tL> be used costs of supporting famIe5 of tnember Df The Pavachute Reglmentwhoare on artive service. OthÈr- these are htnds with rnlnar balances whEth sIud be pended w4thin the next twefvE months. prinapal Testricted fund transferred from the Alrborne Assault Ltd relates to the atsèts and liabilities of The Por•Che Ernent and Airborne Forces Musevm Trust. which are c[ed as re51riLted fund under the 3maEB3m3tKn of the [harit& Airbomt N&aulr Ltd hek1 three other resirftted fundsforP#raD8ts Phas011 Developmerti, Redisplèyelthe mvse¢Jm collectiort and Owlbv The P3rathuts Rernent AlOrne FoTce5 Museum Trust. more commonly referred to as pf14FMT. a lnked charlty of srborne Assault Lfjted IAALI.The PRAFMT15 thevehiclelhat existed piiorto the é8tion of AAL and the organatrOft Ihat oversa¥Ythe mov4 frOMderOttD IWM Duxford. the PRAFMY owns è Dumber of the mu58urfs assets indudingthe lon8-term lease, the rnttseum'slntsmal fLXtures and fitting and 3rtefrdc All suth assets are held in a restricted fund vrithin ML A5 linkÈd eh•rtti¥ thé AAL 4ndth¢ PJWFMT4retreatEd asethe orÉanisati#n. rborne Assau Norrn3ndy Tru5t- In 2016 thè tharty recer the entire funds of Airborne Assiult NormÈAdyTri Thtfund isto be eypendtd In line wlth the oblects of the origirjal thafity whith wa5 the wmanellt preJervtion of the Normandysitt for the educètion 3hd beneft of the niDn and the artnedforc250f the UL P4•40
THEPARA¢HLTtE REGIMENT AND AIRBORNE FORCESCHARITYTIASVPPORTOUR PAPAS rio¥ESTOnlE FENANCLALSTATEMEPITS-CONYINUEIJ FOR ThEYEAR eNDeD31 DECEMBER2023 21 MOVEMENTIN FiIM)S-cantlrbue Breya Fund. a desenated fndWI$ estiblished ro consolidats donations and ersure the most cost and tsxeffKient channel to a5555t in fundinz prnvi5ion ol overseas rned1£ treatsrent forthe daughterofa rEwrnental %uFFerln8 from neurobfa5toma cancer. The tamilvs needs ar(8 from the child's U tremerthave aLs0 beensuppDrtedfrom Trustees. ur4restrirtd fvnds. Franas Fund-thi%fund rnlats entirelyto a legacy recBwed tn 2020 and thp5efund5 shall be utiled for the benefit of E5 Bnd orphans in distress of ¢Jeeeased ex-A4rborne solLfiers and Alrbome dbled 501diets. TFanstets betweèntund5 Duringthe year, various fund transfws have been processed asthetrustees believethern nece55¥ry to gNe 3 more accurate 3t the year enth. All tr•nsfÈTS arÈ ttandard con501tthtiCn tra¢¢1¢ re4ulred to ¢otrettthe8roktp ptssitiort atth y¢¥r•nd. 2& PEGA51J5JOURKAL The cost of produting #nd dbrrlbutlng the Journal is funded fr¢rn a number of The in¢ome retsiwed Ind itsapplicatTon bythe tharity Setout belw. 20Z3 2021 £00) subscriptions AdvethSing income IntEresL recewed less annual runnlnge05ts 17] Surp11{¢efi0tlf0rthe year 2023 £000 2022 Publitstioii tosts l#surance 25. RELATfD PARTYTRANSAcrtON5 The onty trafjsèctions wit related parttes arE between Whol owoed members of the group ?5 detailed in Note 17. These tran51rtions are indudtd within the ¢on501idated accounts ond are net requiredto t¢ rfiscknse PDK¢41