ReGLSTEkED COMPANY NUMBER.. 08722309 (England ond Woles)
REGISTERED CHARrrY NUIA8ER: T 154476
Repryl of Ihe Twslees ond
UnovdTred FIn0￿1￿1 Stotemenls lor Ihe Year Ende<l 31 D•c•mb•r 2023
lor
Sandhwjt Trusl
Harkjnds Accountants (Newquoyl Limited
Unit 4. South Wiew H(xJ5e
SI Au51ell Buyness Pork
5t Au5tell
Comwol PL25 4EJ

Sondhur3t Twst
Contents of Ihe financlLiI Stotements
fcrf Ihe Year Ended 31 Decembef 2023
Poge
RepryF ol Ihe Tw5tees
Independent Examlnerfs Report
statement ol ffnonelal ActlvlHes
Bolonce Sheet
Cash Flow Slalemtnt
Note5 lo Ihe Cash How Slalemenl
Notes lo Ihe Flnonclal Sl(rtements
10 to 15

SandhurstTFust
Report ol the Tivstees
lor the Ye¢# Ended 31 December 2023
The Iruslees who ore abo director5 of Ihe charily f(* the purp05e5 of the Componie5Act 20)0. ￿esent IheiireFXXt
wlh Ihe finoncd statements of the chorily for the yeor ended 31 December 2Q23. The trustees hove odopled
the provigons ol Accounting an￿ Reporting by Chorilies.. Stolement ol Recommended Practice applicable to
chgfftie5 preparing ther occounts in occ(xdance with the finoncial Repcxting Stondord opplicotle in the UK
ond Republic of Ireland IFRS 1021 leffeclive l Jonvory 20191.
OBJECTIVE5 AND ACTIVIIIES
ObJectives ol the Churffy
The Sondhursl frust hos trwo Ch£￿￿0b1e obiecls-.
Object l.. To promote the eiftiency of the ormed fuce5 01 the Crown and n porticular Ihe Royol Milil
Acodemy IRMA) Sandhurst in such choritoble ways 05 the trustees from lime to lin* thir)k h"1.
Object 2.. To odvonce educolion ond reseorch in the field5 of ￿ad￿l￿p one monogerllent and Ihe training Df
effectNe Monoge￿ ond knder5 in CMI ond rTMThtory Ke.
gnwtcunt ocmvltles the Ye￿ and achlevements
2023 saw the challty Tunnirp o full rrfogrornme of event5 190 loknng ploce.
The Trus1 conlinues lo be supported by the Potron. The King of Bohroin. with the onnvol gant of £7(J( paid.
Furthermore. the grant n aid from the Ch￿1 of the Generol Stoff wos increosed to £67.5k and bolh gronts were
lully utilised keeping the chority running. Reserve5. thch hod been run down during Covid. were re-estob115hed
and stood at £75k by the end of the year. Ihe need to reconstitute the re5eFve and the employmenl ol
odditionol 5toff to cope wlh additional evenls 51ghtty reduced charitatAe disbursement. Nevertheles5. this wa5
£113.503 only 8% below ovr best ye(T in 2022.
Publlc benellt
The Royol Mli itory AcodemySondhurst IRMASI h05 an intemationol reputat￿n fry the troiniro of Amiy officers as
aders and monogers. Army offrers toke Ihil tsoining (JrKI 5ub5equent rThTrtory experience bock into the ciwl
areno ot the end ol their milit(wy corew whettEr Ihi5 ts sh(yl or long. Ihe Trusl 5UPPOrt5 RMAS by providing prizes
ond leadership grant5 to enhonce trainirvJ oclivity and otso provides leoder5hip grant5 fu members of the
charity out in the Field Amiy.
During the yeor. the chority supp¢xted Ihe cent￿ fi￿ Arrny Leoder5hip wth the r)rovtsion of books for the
leadership Ibrary and prowded pri￿5 in 5UPP(xt ol both RMAS ond Ibe Intermediate Command ond Stall
Course.
During 2023 The Trust charilobly disbut5ed £1 l3k includng 587 gronts lo Officer Cadet5 going on odvenlurous
Iroining expeditions. Furthe￿￿e. 172 gront5 were supplied to members taknng thew soldiers on advenlurous
froining ond another 48 to member5 of the Sondhursl stolf. WeNore continued to be a moj(* tsclivity. wth sUPPOrt
to intemolionol codet5 torced lo remoin ot RMAS during Ihe recesses. unoble lo retUTn home due to the cost of
nvaht5. The chorify otso osssted wth a compussionole flighl home for a cadel from Popuo New Guineo and a
Cornmonweolth soldier 5efving wlh the Sondhursl SupFxxt Unil. Grants for weffore tololledjust under £54k. There
were some iemtsiThng legacies following the colkjpse of the Afghon Govemrnenl in 2021 with driving lessons
ovided lor Iwo Icmier codels given leave to remcin in the UK. At the other end of Ihe sco￿. The Trust
refvrbished the ga￿lson chiklren'5 playgroup areo ond provided o Iridge Icx Ihe gorttson nursery.
linolly. The Trust supported Lucknow Plotoon. which ho¥J5es the codets injured during training, ond the continued
piovision ol o hired golf bvggy cvls down the omount of wolking requiied on the large 660 ocre sile. With this
and osgstonce vAth exlTa-curriculor oclivilie5 such 05 a w5il lo Ihe Nolionol Amy Museum the Notionol
Memoriol Arb(Ketum. the total gonls to the rehob codels wos over £6k.
Poge I

Sandhurst TIv5t
Report of Ihe Trustees
low the Year Ended 31 Oecernber 2023
FINANCIAI REVIEW
Reserves pdky
To meet 115 objects. The Trust hos ogreed a budgetng and reserve5 poficy that enables il lo moke the
oppiopriate ollocotion ol funds wh.rfe ot the sarre time securing 0 sound finonciol bo%s lor the future octivitie5
of the Iru51. The ollocolion of the funds and Tes(Mces ue ogeed by the twslees n the overam ￿￿h1 ol the Trusts
slralegic need5.
The Trust holds sevefol types ol re5wes. Some ore Testricled, meonro that they hove been given lor specific
purposes u hove conditions Ottoched Ihal mean5 they con On￿ be spent in o $peCrf￿ way.
Some reseNe5 ore in Ihè I￿￿ ol de￿gnated funds that cye put oyde by the TFustee5 to represent rrxed ond other
ossels. which connot be reodly converted into cash.
Finally. The Trust holds general funds c* free ￿$￿VeS fc￿ three ￿ncIpal reasons..
i. To Supp￿ wty*ing copitol lo enable the Trust to rnanoge thjctuolions in its cosh-flow
11. To enoble the twsl to invest in other operotions Ihot complement the objectives of the trust
iii. To ￿￿0￿de protection in the case of ony unforeseen cos1$ ly to enatAe on (xdety wnding up of the TnJst
The reserves policy odopted by the tru5tee5 hos estobI￿hed. ot the current levets of octivity. the torgel range for
the free reserv85 15 between £1 ond £1S0.(KKI. Told reserves al the end ot the financiol yeorwere £1 11.852
12021.. £224,5811, which is Vrfithin the longe thol the fnJslees feel %Ye necessary to kxolecl for ony ol the events
set out above.
Going concem
Since the 8olrJnce Sheet date of 31 December 2019. the TnJst. in line wth all olher charilie5. commerciol
bvsinesses and generol lives. hos been advetsety impocted by the g4obal COVID-19 pandemic. inclUd￿g
concelk*ion of vitvolly oll event5 ond exte￿￿ och"vitie5 ofier March 2020. The TnJ5tees have loken advantoge
ol Govemmentol supEx)rt meosures. inc￿41n9 'furknugh' scherne claims. and hove cut olher costs where
P055ible.' fortunately. the Trust continues lo benefit from regular donolions ond gents lo mointoin income such
thot the Iru5tee5 congder Ihol the Tru51 con continue c50 gcxng concem fry the foTeseeable future- Ihe Tffustrees
11 conlinue to keep Phe financial posilion of the ch(￿ty under iegulor revew.
SIRUCTURE. GOVERNANCE AND MANAGeMENT
ConstWuMon
In accordonce wth the deci￿on token by Ihe Truslees dumg 2013. in corsultotion knith the Choritie5 Commission
ond with appropriole legol odvice. The Sondhuf5t Trusl Ichority number 1154476." Compony number 087223091
was lounched wth effect from l Jon 2014. All ossets ond liobilities of the Sandhurst Foundolion were tron5ferred
to the Sandhufst Trust 05 a re5uII ol o Tronsler Ageemenl between the twstees of each organisotion lond wilh
the authority ol the Chorilies comrr1￿0nj. Sondhurst rru51 15 0 componyfwniled by guorontÈe ond oovemed by
its memorondurn ond articks ol ossociotion. COr￿e9Ven￿. the Sandhur5f F(xJndatK)n bas been removed Irom
the [eeg￿ler of Charitie5.
Methods ol oppointing Iwvslees
There ore three ex officio tru51ee5.' The Cofflmondant. the Assislanl Commondant ond Ihe D1￿clOr ol Sludies of
the Royol Mililary Acodemy Sondhursl. Olhef Trustee5. between 3 and g. ore co-opted.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglslered Company nvmb•r
08722309 (Englond and Wole51
Regi￿￿ed Chuthy nvmber
1154476
Reglslered offic•
Old College
The Royol Mililory Academy
Sondhur5t
Carnberlev
Surrey
GU154PQ
Poge 2

Sandhvr5t Trv5t
Report ol the Twvslees
lor the Year Ended 31 December 2023
Tru51ees
Trustees ol the S0ndhu￿1 Trust during Ihe X)23 wwe=
Mojor Generol Z R Slenning 08E
Lieulenonl General IReliredl Sir Simon Moyoll KBE CB (Choirmonl
Colonel R N Alston M8E- resB3ned 19 June 2023
Colonel J Ainley- oppoinled 19 June 3)23
Brigadier (Reliredl 1 Tr4 A Thomos OBE lex off￿101
Mr R C R Andewson
Lievtenont Colonel S W Bart￿￿* QVRM TD
Mr W R W Gornal-King
MsJADJome5
Mr S Taylor
Mr T R 5hefwood
MrPRJSmith
Mr R Tonno
Mr A M Skilton
Independenl Examlner
Deboroh Edward5
Horlond5 Accounlanls (Newquoyl Limited
Unit 4. South View House
St Austell Busine55 Pork
st Austell
Cornwall PL25 4EJ
Approved by lydw ol the board of truslees on ............................................. and 5uned on 115 beholf by..
Mr T 5herwood- T￿Stee
Poge 3

Independent Examinerfs Report lo Ihe Tru51ees ol
Sandhvr51 Iru51
Independent exomlnef's rewFto Ihe Iwustees of SandhurstTNs1 Cthe Compa￿)
I report lo the charity Irusfees on my exominolion of Ihe ￿COUnt5 ol the Company Icf the year ended
31 December 2023.
Re5ponsiblNlle5 and basls ol rewl
As the chorify'5 trustee5 01 the C¢ynwny lond it5 d￿éCl(￿s lor thè PLJfposes ol company lowl you ore
respongble the preporotion of the occojnfs in acc￿￿OnCe wlh the reqiJK8ment5 of the Componies Act
20061'lhe 2W6 Act'l.
Hovirg Sol￿rIed myself Ihot the occounts ol the Compony (¥e not re(wir8d lo be audited under Port 16 of the
2006 Act and aTe eligib￿ Icy independenl exominolion. I rewl in respect of my examination of your chorty's
accounts Qs calried out under Seclion 145 of the Chorities ACI 2011 I'lhe 2011 Act'l. h corryiw out mv
exornin01￿n I hove followed the Directionsgiven by the Charity COMrr￿0￿ undeT5ection 14SI51 Ibl ol the ?01 I
Act.
Independent exarnlnerfs slolement
Since your charity's gro￿ Income excee¢Jed £250.CIXI your exotymnw must be o member of a listed body. I con
confiryn Ihat l om qvolified lo ￿nd￿Qke the examinotion becouse l am a member ol the Institute of Chortered
AcccxJnlonts in Englond ond WO￿5. which is one ol the ksted bodies.
I have Com￿￿1ed my exornination. I confvm Ihat no mart￿ hove come lo my allention in connection with the
exominotion giving me cou5e lo beI￿ve..
occoun1￿g record5we¥e not kepl in respect of the C¢Jnpony os requwed by Seclh)n 386 of the 2fKI6 Acl:
Ihe occovnts do not accord wth those rec(xd5.'
the occovnts do not compty wilh Ihe occounling reqvwemen15 of Section 396 01 Ihe 2￿6 Act olher than
any requirement thot Ihe occounts give o twe ond loy vtew wh￿h is not a matter Con￿dered os port of
on independent examinolK)n." or
the occount5 have not been prepared in acc(xdance wth the method5 ond ￿ncipleS of the Statement
of Recommende# Practice fiK accounting and reporting by choritie% [op￿leable ID chcffjt￿s ryeporing
Ihetr occounts in occordonce wth the linonciol Reporting Stond¢>d apdicat￿e in the UK ond Republic
ol Ireland IFRS I￿21).
I hove no concems and hove come ocross no other maller5 in connection with the e¥uminution to which
ollention shcxJld be thown in t￿$ rp¢yl in Ord￿ to enoble o ryoper understanding of ihe occounls to be
reoched.
Detmyoh Edworas
artonds Accovntants INewquoyl Limited
Unit 4. South View House
Sl Avslell 8vsiness Pork
St Avstell
Cornwoll PL25 4EJ
Date..
-.0611 IIX24.........................
Page 4

Sondhurst TNJt
Stolement ol Flnonclal Acllvtlles
for the Yeur Ended 31 December 2023
31.12.23
Unrestricted
fvr
31.12.22
Total
funa5
Notes
INCOME AND ENDOWMENTS FROM
Donation5 and legacies
993.232
983,535
Investment Thicome
3.132
682
Tolal
996,364
984.217
ExpeNDmJRE ON
Roi5ing lun(*
671.039
770.619
Other
368.094
326.327
Tolal
1.039.133
1.096.946
NET INCOMEI(EXPENDITURE)
(42,769)
1112.7291
RECONCILIATION OF FUNDS
rotal funds brought fonmord
111.852
224.581
TOIAL FUNDS CARRIED FORWARD
69.083
111.852
The notes form port of the58 finonciol stotemenls
Pose 5

Sondhvrsl Trust
Balance 5heel
31 December 2023
31.12.23
Unrestrkted
lund
31.12.22
Totol
lund5
Noles
FIXED ASSEIS
Intongible o55et5
3.180
CURRENT ASSET5
Stock5
Debtors
Cosh al bonk and in hond
10
30.109
110,704
201.027
33.583
41.303
306.244
341.840
381.1
CREDITORS
Amount5 rolling due within C￿ yeor
12
(203.S41)
1202.3741
NET CURRENT ASSETS
78299
178.756
TOTAL ASSEfs iE55 CURRENT UABiimES
i22SOI
181,936
CReDITORS
Amounts rolling dve after more Ihan one
year
13
(53.418)
170.0841
NET ASSETS
69.083
111.852
FUNDS
Unrestricted funds
Is
09,083
111.852
TOTAL FUNDS
69.083
The charilable company 15 entitled Fo exemptw from oudtl under Section 477 of the Componies Act 2006 Ic
the yeor ended 31 December 2023.
The member5 have not required the compony to obtuin on oudil ot its finonciol slolement5 f(Y the ye(ff ended
31 December 2023 in occordance with secti￿ 476 of Ihe Companies Act 21X)6.
The Iru5tees acknowledge Iheir responsibiltlies for
lol
ensuring thot the chontoble cofflpany keeps acccMJnting rec￿d5 Ihal comply wth Sections 386 and 387
ol the Companie5 Act 2Tr)6 ond
preporing hnonciol 5totements wh￿h gNe a true ond fo￿ view ol rhe slale of off01￿ of the choritable
¢orrpony os ol the end of eoch finonciol yeor and of ils surplus ￿ deficit for each linonciol yeor in
occordance with the requirement5 01 Sections 394 ond 395 and which othe￿ISe comply wth the
requirements of the Companie5 Acl KX)6 reloting tts finonckjl statement5. 50 for 05 applicoble to Ihe
charitable compony.
Ibl
The noles l(xrn port of these f[nonc￿l slotemenls
Poge 6
continued...

Sondhur51 Trvsl
Balance Sheel - contlnved
31 December 2023
These financial stotremenls hove been FNeFxKed in accordonce wth the rwovis1c￿S oppficoble to cha￿*able
omponies subject lo the smal companies regime.
The linoncial statements were 0￿￿0Ved by the Boc¥d of TnJstree5 ond outh￿sed fu issue on
. ond were signed on ils behotr by..
Mr T SheTwood . Twslee
The notes form of these finoncial 5tolernen15
Poge 7

SondhurstTrus1
Cush Aow Stotement
Ihe Year Ent1ed 31 Decembet 2023
31.1223
31.12.22
Nofe5
Cash Ilows from operamng ac16vFlles
Cash generated from opeToh￿5
50.661
29.4621
Nel cosh used in operoting octNIt
50.461)
29.4621
Cush flow5 fvtsm Inve511ng acllvlftes
Pvrchose of intongible fixed ossets
Interesl received
(41,022)
3,132
Nel cosh (used inllryovKled by investng octkwl￿S
37.8901
Cosh Ilows from ffnonclng ocllvnies
New loan5 in yeor
Loon repoymenls in yecr
100.¢J)o
13.249
16.666
Net coth Iu5ed in11￿0VIded by finoncng tsctmties
16.666
86.751
Change In cash and cash eqth%falents In
the weporting period
Cash ond ea5h eqUIva￿nI5 01 the
beg5nnlng or the reporllng perfod
{105.217)
57.971
306.244
248.273
Cash and cash equivalents olthe end of
the reporttng pewlod
201.027
306.244
The notes r(m7 port of these finonciol slolements
Poge 8

Sandhurst Irvst
Notes to the Co5h Flow Stafement
lor the Yeor Ended 31 December 2023
RECONCIUATION OF NET EXPENDITURE TO NEf CASH FLOW FROM OPERATING ACTIVfflES
31.12.23
31.12.22
Net exp•ndtlure lorlhe rep￿￿9 pewiod {05 perlhe Stalem•nl ol
Flnonclol Acmvttles)
Adlvstrnenls lor.
Interest received
Decrea5ellincreosel in stocks
Increose in debt￿5
Increase in credilor5
(42.7691
13.132)
3.474
(69.4011
61,167
16821
133.4321
127.796
Net cash used kn opewallons
50.661)
29.4621
ANALYSIS OF CHANGES IN NE[ FUNDS
At 1.1.23
C05h flow
At 31.12.23
Nel co5h
Co5h ot bank and in hond
306.244
105.21
201,027
306.244
105.217
201,027
Dèbt
Debtr5 folling due %*ilhin T yeor
Debts folling due olter l year
{16,667J
70.084
(16,6671
53.4181
16.666
86,751
16.6é6
0,085
Total
219.493
88,551
130.942
The notes ftym po¥1 of these financiol stotements
Poge 9

SondhurstTrust
Note5 lo the Finonciul Statements
for the Yetr Ended 31 December 2023
ACCOUNTING POIICIES
Basls ol preporln9 the flnanclol slutements
The linonciol stotements of the chonloble compony. which ts a publc benefit enltFy under FRS 102. hove
been prepared in accixdance wth the Charities SORP IFRS 1021'Accounling and Reporting by Choritie5".
Slolement of Recommended Proctice opplicoble to chorilies ryeporing their accounts in accordance
with rhe Financial Repuling Stondord opplicoble in the UK ond Republic of kelond IFR5 1021 lefteclive I
January 20191,. F1noncial Reporting Stondord l D2'The ￿nanCIal Reporting Standard opplicoble in the UK
ond RepUt￿lC of Irelond. and Ihe Companies Act The financial statemen15 have been prepared
under the histrurol cost convenlKJn.
Incorne
All income ts recogntsed in Ihe 5totement ol ffinoncol ActMtEs once the chority has entitlemenl to the
funds. it is prOb0b￿ thot thè income wll bè rec&ved ond the amount con be measured relia￿¥.
Expendllure
Liabililies are reCOgn￿ed a5 expen(fitufe 05 soon a5 there is a legd conslvuclive oblgolion committing
Ihe chwty lo that expen4itvre. it 15 tKobobè that o tronsfer of economic benefits will be reoured in
Sett￿ment ond the amount of the 0￿gOt10n con be measured reliobty. Expenditvre i4 occovnled for on
on occruats bosis and ha5 been c105yfied under heoding5 thut oggregote oll cost relotred to the
cotegory. Where c05t5 connot be direclly ottributed to porhcular headings they hove been ollocoted to
octivities on o boys consistenl wth the use of resource5.
Slocks
stocks (Ye volued ot the lowe¥ of cost ond net lea￿50b￿ volue. after making due ollowonce forctsdete
and slow moving item5.
Toxallon
The charity is exempt Ircwn ccwotion tox on its chyitobk ach"￿ties.
Penslon c￿ts and olher post-rellrement beneffts
The choritoble company operotes o defined ¢(￿lribUtIOn penyon scheme. Contributions payoblt to the
choritoble componvs pe￿On scherye a￿ chcyged lo Ihe 5toFemeril of finonciol Actmties in the period
to wkwch they relale.
DONATIONS AND LEGACIES
31.1123
31.12.22
Donotions
Other income
250,317
742.927
266.587
716.948
993232
983.535
INVESTMENT INCOME
31.12.23
31.12.22
InFeresl receivable- trocsng
3.132
82
Poge 10
continued...

Sandhur51 Trus1
Nole$ lo Ihe Flnanclol Statements- cpnllnued
for Ihe Year Ended 310ec*mber 2023
RAISING FUNDS
Ratslng donallons ond legacles
31.1213
31.12.22
Direcl costs
671.039
770.619
SUPPORT COSTS
Mcnagemenl
finance
other
Tolols
other resowce5 expended
317.015
14256
368,094
TRUSTEES. REMUNERAnoN AND BENEFirs
There weie no tru5tees' remnerolion LY Other benefits the yeor ended 31 December 2ff23 for the
ye(Tr erlded 31 December ￿22.
Twslee5' expenses
There were no tnJslees' expenses POKI for yeor ended 31 December 3Y23 for the year ended
31 December 2022.
STAFF COSTS
31.12.23
31.12.22
Woges and sa￿￿e5
Sociol security c05t5
Olher pension costs
261.105
21.896
20.297
244.264
12.223
303298
256.487
The ovwoge monthly number of employees during the Ye￿ wa5 05 foJk)ws'.
31.1223
31.12.22
Stofl
No employee5 received emoluments in excess of £￿.[1x).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donotion5 and ￿goCES
983.535
hvestrnent income
682
lotal
984.217
EXPENDItURE ON
Roi51ng funds
770.619
Other
326.327
lotal
1.096.946
Pagell
continued...

Pogell
continued...

Sondhuysl Trust
Nole5 to Ihe Flnonclal Stalements . contlnued
for Ihe Year Ended 31 Decembtr 2023
COMPARAIIVE5 FOR THE STATEMENT OF FINANCIAL ACTIVITJES - conllnued
Unre5tricled
fund
NET INCOMEI(EXPENDifuRE)
1112.7291
RECONCILIATION OF FUNDS
rolal funds brought fQ￿Ord
224.581
TOTAL FUNDS CA%ItIED FORWARD
111.852
INTANGIBLE FIXED ASSETS
IPR on
Medols
Computer
software
TotoL
COST
At l JorrtJary 2023
Additions
3.180
3,180
41.022
39.942
At 31 December 2023
4,2
39.942
44202
NET BOOK VALVE
Al 31 Decembei 2023
4,260
39.942
44.202
At 31 December 20
3.180
3.180
10.
STOCKS
31.1123
31.12.22
Stocks
30.109
33.583
DEJTORS: AMOUNTS FALUNG DUE WItHIN ONE YEAR
31.1223
31.12.22
T¥ode debtors
other debtOf5
CGS Gront
VAT
Prepayments and acclued income
44.832
9551
56.327
17.974
20.764
565
110.704
41.303
Poge 12
continued...

Sandhurst Trust
Notes to Ihe Flnanclal Slotemefth . cvntinv•d
for the Ye<w Ended 31 December 2023
12.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1123
31.12.22
Bank l¢x7ns ond over(trofts Isee nole 141
Trode creditors
Social security and other toxes
VAT
Other credit￿5
Accruals ond delerred inccrr
16.667
160.361
8.224
10.536
35.652
32.101
16.667
144.941
8.338
3.850
28.578
263.541
202.374
13.
CIEDIIORS.. AMOUNTS FAILING DUE AFTER MORE THAN ONE YEAR
31.12.23
31 12.22
Bonk Ioary5 Isee nole 141
$3.418
70.084
14.
LOANS
An analys￿ of the moturily ol k)ans 15 gwen bdow..
31.1223
31.12.22
Amounts folling due wilhin one yeor on demond-
Bork loons
16.667
16.667
Amounts lal&ng belween one and Iwo year5..
Bank loan5- 1-2 yea
10.667
16.667
Amounls faifirvJ due between two ond fNe yecxs..
Bonk lo(Jns- 2-5 yeaT5
36.751
53.417
15.
MOVEMENT IN FUNDS
Net
movement
in fund5
At
31.12.23
At l_1.23
Uniesmcled lunds
G6neF151 fund
111.852
{42.7é9)
69,083
TOTAL FUNDS
111.852
42.769)
69,083
Nel movement in tvnds. inckjded in the above (Te 05 Idlows=
Incoming
resource5
Resources
expended
Movement
tunds
Unrestrfded lunds
General lun¢J
996,364
(1,039.133)
(42.7691
TOTAL FUNDS
996.364
Page 13
continued...

Sondhurst Trusl
Nole5 to the Hnonclol 51alemenls- conllnued
for Ihe Yevr Ended 31 December 2023
15.
MOVEME￿ IN FUNDS- conmnued
Comparatlves movem•nt In fvnds
Net
rTh)vement
in funds
At
31.12.22
Ati.1.22
Unrestrlcled lunds
Generol tund
224.581
1112.7291
111.852
TOTAL FUNDS
224.581
112.7291
111.852
Comporotive net moverrenl in funds. included in the above (Ye as louows..
Incorring
resources
Resources
expended
Movement
in lund5
Unr•sfvicted funds
General fund
984.217
11,090.9461
1112.7291
TOTAL FIJNDS
984.217
1.096.946)
112.7291
A current year 12 month5 ond priry yecy 12 months comtmned is os folows..
Net
movement
in funds
At
31.12.23
Al 1.1.22
Unresmcled lunds
General fund
224.581
1155.4981
69.083
TOTAL FUNDS
224.581
155.4981
69.083
A cuFrent year 12 monlhs and yety 12 months ccmlined net movement in funds, included in the
obove ore os follow5=
Incorrmng
resoLYces
Resources
expended
Movement
in funds
Urweslrtcted Ivnds
General fund
1.980.581
12.136.079)
1155.4981
TOTAL FUNDS
1.980.581
2.136.079)
155.4981
Poge 14
conlinued_..

Sandhurstr Trusl
Notes lo the finon¢kil Stulements. conttnued
for Ihe Yeoi Ended 31 Decembei 2023
16.
RELATED PARfY DISCLOSURES
There were no reloled p¢yty tronsactions the year ended 31 December 2023.
Page 15