KING'S GUARD OFFICERS. MESS TRUSTEE'S REPORT AND FINANIJAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 REGISTERED CHARITY NO. 1158087 KING'S GUARD OFFICERS, MESS CONTENTS Legal and administrative infomiation Report of the trustee Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements KING'S GUARD OFFICERS, MESS LEGAL AND ADMINISTrAnvE INFORMATION Trustee Further to a resolution passed on 11 December 2023 the Trustee board resigned and the sole Trustee became the Household Division Charity CIO Iregistered charity number 121))8731 with effert from 16 January 2024. The Trustees of the Household Division Charity who served during the year are: MajorGeneralJ M H 8owderO8E Brigadier M S P Berry Lieutenant Colonel G C Light Lieutenant Colonel C M J Foinette lappointed 5 August 20241 Lieutenant Colonel J E N 8 Shaw Iresigned 5 August 20241 D S S Chichester Esq J A C Campbell-johnston Esq J B Codrington Esq {appointed 29 May 2025) Trustees of the charity serving during the period to 16 January 2024 were: Major General J M H Bowder OBE Brigadier M S P Berry Lieutenant Colonel G C Ltght Lieutenant Colonel J E N B Shaw D S S Chichester Esq J A C Campbell-johnston Esq Charlty Number 1158087 Address Horse Guards Whitehall London sw￿ 2AX Independent Examlntr Cara Turtington FCA DChA Saffery LLP 71 Queen Victoria Street London EC4V 48E Bankers Lloyds TSB Bank PIC Guards & Cavalry Branch 7 Pall Mall London SWIY SNA KING'S GUARD OFFICERS, MESS REPORT OF THETRUSTEE FOR THE YEAR ENDED 30 SEvfEMBER 2024 The trustee presents its financial statements for the year ended 30 September 2024. The trustee5 who seNed during the year and up to the date of this report are set out on page l. Strurture, governance and management The Charity is governed by a Constitution adopted on 1st October 2010. Formerly having the status of an excepted military charity, it was registered with the Charity Commission on l Avgust 2014. It formally changed its name to the Kin¢s Guard Offi￿r5, Mess following the Accession of His Majesty King Charle5111 in 2022. On 16 January 2024 the Household Division Charity CIO was appointed as the sole Trustee for the Kin8S' Guard Officers. Mess and replaced the current existing trustees. The objects of the Charity are to promote the efficiency of the armed forces of the Crown by the provision of facilities and activities for the efficbency and well-being of Service personnel. The charity takes into account experience, qualrfications and dedication to charitable causes when recruiting and appointing new trustees. The charity provides ongoing training for its trustees where appropriate. Objectlves and artivlties The charitrfs main objective and actiwty is the operation of the KIn￿S Guard Officers. Mes5. The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing their aims and objettives. Financial Review of Achle¥ements and Perforn)ance Total income in the year amounted to £145,69312023= £130,348), including wages in kind of £8,526 12023.. £7,4671. Expenditure totalled £140,W12023-. £126,337), including wages in kind of £8,52612023= £7,467), giving a surplus of £5,68912023= surplus of E4,0111. The charity continued to support those using the St James's Palace Officers, Mess. Central to this financial year ha5 been the Coronation of His Majesty Kin8 Charles 111, reminding everyone of the significance of the King's Guard's 24 hour role adjacent to Clarence House. Reserves The charity had rese￿e5 of £41.963 at 30 September 202412023-. £36.2741. The policy is to maintain sufficient reserves to cover any flurtuation5 in income and expenditure. The trustees consider the level of reserves at 30 September 2024 to be acceptable. Risk managernent The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to these risks. The Trustees are aware of the risks associated with the small staff team at the charity. including the risk of fraud and risks associated with cash handling. The trustee5 are therefore involved in the day to day management of the charity. Public Benefit The Trustees confirm that in setting their objertives and planning their activities they have given careful consideration to the Charity Commission's general guidants on public benefit. KING'S GUARD OFFICERS. MESS REPORT OF THE TRUSTEE FOR THE YEAR ENDED 30 SEPTEMBER 2024 Plans for Future Perlods The impact of rising inflation and Irving costs mean that every effort is being made to ensure that officers are being charged fairly during their respertive turns on duty. ststement of Tru5tees' responsibilities The trustees are responsible for preparing the Report of the Trijstees and the financial statements in accordance with applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel- Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for that period. In preparing these financial statements. the trustee5 are required to.. select suitable accounting policies and then app￿ them consistentty: observe the methods and principles in the Charities SORP IFRS 1021: make judgements and estimates that a￿ reasonable and prudent- state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements: prepare the financial statements on the going concern bèsis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keepin8 proper accounting records that disclose with reasonable accurocy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity {Accounts ond Reports) Regulations 2(K18 and the provisions of the trust deed. They are also responsible ft)r safeguardin8 the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by he Trustee on and signed on their behalf by: Lieuten t Colonel C M J Foinette Trustee of Household Dl¥ision Charlty '_leutenant Cohjxl iaade Major .4ousehold KING'S GUARD OFFICERS. MESS INDEPENDENT EXAMINERS REPORT TO THE TRUSTEE OF KING'S GUARD OFFICERS, MESS I report to the trustee on my examination of the accounts of the Kin￿5 Guards Officers, Mess for the year ended 30 September 2024. Respective Responslbilities of trustees and examiner As the charity trustee you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 20111.the ACV). I report in respect of my examination of the charitrfs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Art. 8asls of independent examlnerfs report My examination wa5 carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It a150 includes consideration of any unusual items or disclosures in the accounts. and Seeking explanations from you as the trustee concerning anv such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement beS0w. Independent examlnerf5 sL*emÈnt I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the charity as requlred by section 130 of the Act: or 2. the account5 do not accord with those records: or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Chartties (Accounts and Reports) Regulations 2fJ)8 otherthan any requirement that the accoijnts give a'true and fairview which 15 not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Cara Turtington FCA DChA Saffery LLP 71 Queen Victoria Street London EC4V48E 28 luly 2025 KING'S GUARD OFFICERS, MESS STATEMENT OF FINANCIAL AcllviTIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Income Donations 9,547 8.607 Charitable artivities 136,146 121,741 Total income 145.693 130,348 Expenditure Charitable actNities 140.004 126,337 Total expenditure 140,004 126,337 Net Income and net movement in funds 5.689 4,011 Totsl funds brought fonyard 36.274 32,263 Total fund5 carrled forward 41,963 36,274 The statement of financial activities includes all Bains and10s5es in the year. All incomin8 resources and resources expended derive from continuing activities. KING'S GUARD OFFICERS, MESS BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Note Tangible fixed assets Current assets Stock Debtors Cash at bank and in hand 8.386 1,270 49.919 8.106 3,073 38,323 59.575 49,502 Current liabilltles Creditors: Amounts falling due within one year (17,6121 113,2281 Net current assets 41.963 36,274 Net assets 41.963 36,274 Unrestrirted funds 41,963 36,274 Total funds 41.963 36,274 Approved and authorised for issue by the trustee on ,'J 2025 Lieutenant Cokx ligade Major .-liusehold Dwion Lieutenant Colon C M J Foinette on behalf of the Household Division Charity CIO Trustee of Household Dlvlsion Charity KING'S GUARD OFFICERS, MESS NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies Basis of accounts The financial statements are p￿pared in accordance with the second edition of the Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the Financial Reporting Standard applicable in the UK and RepLAblic of Ireland IFRS 1021 and the Charities Art 2011. The charity constitutes a public benefit entity os defined by FRS 102. The financial statements are prepared in sterlin8 which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. GoSn8 concern The Trustees have reasonable expectstion that the charity has adequate resources to continue in operatronal existence for the foreseeable future. Thus they adopt the going contern basis in preparing the annual financial statements. Exemp￿on from preparing a cash flow Advantage has been taken of the exemption for charities with incorne less than £5Q).(KM) from preparing a cash flow statement. Incoming resources All incoming resources are reco8nised once the charity ha5 entitlement to the resources, it IS certain that the resources will be receNed and the monetary value of incoming resources can be measured with sufficient reliability. Voluntsry income is received by way of grants and donations and is included in full in the statement of financial activities when receivable. Resources expend Liabilities are recognised os resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headin8S that aggregate all costs related to the category. KING'S GUARD OFFICERS, MESS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Resources expended (continued) Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of it5 activities and services for its beneficiarie5. It includes both costs that can be allocated directly to such activities and those tosts of an indirect nature necessary to support them. This expenditure also includes governance costs, which comprise all costs involving the public accountability of the charity and its complwnce with regulation and good practice. Tangible fixed assets and depreclation Tangible fixed assets are valued at historic cost. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over their estimated useful life of 5 years. Stock Stock 15 held at the lower of cost and net realisable value. Flnancial assets Financial assets are recognized in the charitws balance sheet when the charity becomes party to the contradual provisions of the instrument. Basic financial assets, whith include trade and other receivables and cash and bank balances, are initially measured at transartion pri￿ including transartion costs. Financial assets are derecognized only when the contractual rights to the cash flows from the asset expire. or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity- Finandal liabllltie5 Basic financial liabilities are initially measured at transaction price. Financial liabilities are derecognized when. and only when. the charit(s obligations are discharged, cancelled, or they expire. 1.10 Key judgements and assumptions No key judgements or assumptions have been made by the Trustees in the preparation of the financial statements. i.ii Funds Unrestrirted income funds comprise those funds which the trustees are f￿e to use for any purpose in furtherance of the charitable objects. KING'S GUARD OFFICERS, MESS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trustee5 remuneratlon and expenses No trustee5 were remunerated or reimbursed expenses in either period. Tangible fixed 355ets Furniture Equlprnent At l October 2023 Additions 12.558 At 30 September2024 12,558 Depreclatlon At l October 2023 Charge for the year 12,558 At 30 September 2024 12,558 Net Book Value: 30 September 2024 30 September 2023 Stocks 2024 2023 Bar stock 8,386 8.386 8,106 8,106 Debtor5 2024 2023 Officerg accounts 1,270 3,073 3,073 1,270 KING'S GUARD OFFICERS, MESS NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Credltors 20V• 2023 Trade Creditors Accruals Other credttors: - Staff fund -VAT 7,081 2,780 4,776 2,780 4,029 3,722 17.612 3,361 2,311 13,228 Related party transartloThs The Trustees confim) that there have been no related party transactions in the period which require disclosure in the financial statements12023'. none}-