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2021-03-31-accounts

Page
Trustees and Administrative
Information
Trustees'
Report
Independent
Auditors'		 Report
Statement ofFinancial Activities
Balance sheet 13
Notes to the Financial Statements

Trustees Major General RJEStanford MBE Major General RJEStanford MBE
Chairman - Colonel GRHarris
Captain RSMason		 DSO OBE(appointment 9August 21)
TA Cooper Esq
Captain BM H Branston
SC Rhodes Esq
Captain T CMacDonald-Milner
JAJPrice Esq
Mrs M Bowen
Captain RForrest
Captain PCraig-Cooper
Captain 0GJames (appointment		 9April 20)
Regimental Adjutant Colonel TC SBonas
and Secretary
Regimental Welfare Major MEBrowne BEM
and Finance Officer
Address Regimental
Headquarters
Welsh Guards
Wellington
Barracks
Birdcage Walk
London
SW1E6HQ
Investment managers Rathbones
8Finsbury
Circus
London
EC2M 7AZ
Bankers Lloyds Banking Group Plc
Cox's 8r, King' s
POBox 1190
7Pall Mall
London
SW1Y5NA
Teachers Building Society
Allenview
House
Hanham
Road
Wimbourne
Dorset
BH21 1AG
Auditors Wise and Co
Chartered Accountants
Registered Auditors
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
Registered cbarity number 1152766(England k, Wales)

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2
GRANTS AND DONATIONS		 2
GRANTS AND DONATIONS		 2
GRANTS AND DONATIONS		 Year ending Year ending Year ending
Mar 2021 Mar 2020
General Purposes Fund
Grants —1"Battalion Welsh Guards
Other grants ofless than $200 each		 34,253
245		 73,834
71
Other grants 23 047 25 760
57,545 99,665
Welfare Fund
Welfare grants 22,145 38,818
Army Benevolent Fund 5,000 9,547
27,145 48,365
Welsh Guards Afghanistan Appeal
Grants 517 15,570
Association
Fund
Other grants 350 1,776
Total Grants payable
General purposes Fund 57,545 99,665
Band Fund
Welfare Fund 27,145 48,365
Welsh Guards Afghanistan Appeal 517 15,570
Association
fund		 350 1 776
85,557 165,376

3
OTHER CHA		 RIT ABL E ACTIVITIES Year ending Year ending
Mar 2021 Mar 2020
Battlefield tour 44,506
Regimental
Veterans officer		 salary and expenses 34,142 42,413
Honoraria
and expenses		 46,348 51,051
Remembrance
Day		 7,808 8,938
Welsh Guards Charity Christmas card 2,653 2,618
Presentation
- salvers		 1,247 3,894
Meeting/
entertainment		 2,392 11,129
Regimental
archives		 714
Regimental
goods		 14,003 8,743
Other expenses 8,295 7,678
Various events 7,949 17,021
Welsh Guards Charity Website 939 1,248
HQH Div. Subs 4,170 4,268
Esprit de Corps 11,368 19,197
Fundraising
dinner		 6,223
Debenture
Amortisation		 358 358
141,672 229,999
Summary
ofOther Charitable		 Activities expenditure
General Purposes Fund 57,739 121,647
Band Fund 7.983 7,422
Welfare Fund 9,858 18,739
Welsh Guards Afghanistan
Welsh Guards Association		 Appeal 59,468
6624		 47,049
33 143
141672 229 999

4
REGIMENTAL PROPERTY		 4
REGIMENTAL PROPERTY
General Purposes Fund
Repairs and maintenance 1,639 5,578
Insurance 4,308 1,802
Regimental property 1,961 9,997
7,908 17,377
Band Fund
Insurance 311 15
Repairs and maintenance 635 507
946 522
Welfare Fund
Depreciation 3,257 3,256
(Profit)/Loss on disposal (4,128)
Insurance ill
3,368 (761)
ASSOC Fund
Insurance 110 110

7 EMPL OY EES4 HONORARIUM Year ending Year ending
Mar 2021 Mar 2020
Wages and salaries and car allowance 39,298 36,899
Social security and pension costs 781 1,318
Honorarium 63 750 59 750
103,829

8
TANGIBLE FIXEDASSETS
General purposes Fund Office
Equipment Total
Cost
At 1 April 2020 13,947 13,947
At 31March 2021 13,947 13,947
Depreciation
At 1April 2020 13,947 13,947
Depreciation
for the year
At 31March 2021 13,947 13,947
Net book value at
31 March 2021
31March 2020

Motor Total
Welfare fund Vehicles
Cost
At 1 April 2020 13,025 13,025
Additions
Disposal
At 31March 2021 13025 13025
Depreciation
At 1 April 2020 3,256 3,256
Charge for the year 3,256 3,256
Deprecation
on disposal
At 31March 2021 6513 6513
Net book value at
31 March 2021 6513 6513
31 March 2020 9769 9769
9.
Heritage assets
Victoria Paintings Total
General fund Cross
Cost
At 1April 2020 150,000 352,600 502,600
At 31March 2021 150,000 352,600 502,600

2021
Market value 1 April 2020 5,973,450
Additions 1,621,457
Disposals
Net realised/unrealised
investment		 gains (1,202,891)
1,077,226
Market value 31March 2021 7469242
Year ending Year ending
Mar 2021 Mar 2020
Listed investments 7,387,553 5,605,832
Cash investments 81,689 367,618
Total 7469242 5 973450

DEBTORS Year ending Year ending
Mar 2021 Mar 2020
Accrued income 5,682
Prepayments 4,386 9,067
Other Debtors 1,403 75,049
5,789 89,800
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