2023-03-31-accounts

Trustees		Squadron Leader Richard Woolls	Squadron Leader Richard Woolls	Squadron Leader Richard Woolls	(Chairman)	(Chairman)
		Group Captain Piers Holland
		Flight Sargeant Richard	Bromwell
		Flight Sargeant (Retired)	Steven		Thorp
		Group Captain (Retired)	Lee	Taylor
		Warrant Officer Gareth	Elliot
Chairman	ofthe Trustees	Squadron Leader Richard Woolls
Chairman	ofthe Executive Committee	Wing Commander Anthony		J Field		MBA RAF
Treasurer		Squadron Leader (OF3)	Graeme		Royston BSc(Hons) RAF
Charity number		1171215
Operation	address	RAF FP Headquarters
		RAF Honington
		Bury St Edmunds
		Suffolk
		IP31 1EE
Accountants		Gascoynes
		Chartered Accountants
		Gascoynes House
		Fornham All Saints
		Suffolk
		IP28 6JY
Bankers		Holts Roya I Bank of Scotland
		The Royal Bank of Scotland		pic
		Holts Military Banking
		2nd Floor, Lawrie House
		31 - 37Victoria Road
		Farnborough
		GU14 7NR
investment	managers	Cazenove Capital
		1 London Wall
		Barbican
		London
		EC2Y 5AU
		Meteor Investment Management				Limited
		55 King William Street
		London
		EC4R 9AD

					Page
Trustees'	report				1-3
Independent		examiner's		report
Statement	of	financial	activities
Balance sheet
Notes to	the	accounts

				2023	2022
			Notes		f
Incoming resources	from generated	funds
Voluntary income				15,391	56,560
Trading activities				4,143	506
Investment income				23,398	21,067
Total incoming resources				42,932	78,133
Resources expended
Cost of generating	funds
Voluntary income				393	2,000
Charitable activities				14,734	23,783
Overheads				30,984	274
Trading Activities				946	1,500
Total resources expended				47,057	27,557
Net (Deficit)/surplus	- Note 8			(4,125)	50,576
All ofthe results relate to continuing		activities.

					2023		2022
				Notes			f
Fixed assets
Tangible assets						489,795		337,928
Investments						1,223,412		1,288,463
						1,713,207		1,626,391
Current assets
Debtors					3,725		1,620
Cash at bank and		in hand			68,567		139,867
					72,292		141,487
Creditors: amounts			falling due within
one year					(2,643)		(2,529)
Net current assets						69,649		138,958
Total assets	less	current liabilities				1,782,856		1,765,349
Capital and	reserves
Reserves					1,525,659		1,529,784
Revaluation	reserve				257,197		235,565
						1,782,856		1,765,349
						1,782,856		1,765,349

3	Investment	income
						2023	2022
							f
	Cash and settlements		pending
	Gross bank	interest earned		on funds	held on deposit	190
						190
	Dividends	and interest	received from investments
	Dividends	received				22,495	20,775
	Interest received on funds			held		713	284
						23,208	21,059
	Total					23,398	21,067

4	Tangible fixed assets	Tangible fixed assets		Museum art	Regimental	Computer	Transatlantic	Total
				collection	silver	equipment	rowing boat
						f	f
	Cost
	At 1 April 2022			26,045	311,883	846		338,774
	Additions			14,400			40,000	54,400
	Revaluation				102,467			102,467
	At 31 March	2023		40,445	414,350	846	40,000	495,641
	Depreciation	and impairment
	At 1 April 2022					846		846
	Depreciation	charged	in the year				5,000	5,000
	At 31 March	2023				846	5,000	5,846
	Carrying amount
	At 31 March	2023		40,445	414,350		35,000	489,795
	At 31 March	2022		26,045	311,883			337,928

					Cazenove	Meteor
					Capital	Management
					Investment	Investment	Total
						f	f
	Cost or valuation
	At 1 April 2022				1,173,623	114,840	1,288,463
	Additions - purchase	ofstocks and shares			443,570		443,570
	Adjustments to agree	valuations	to valuation	reports - note 10	(78,401)	(2,435)	(80,836)
	Disposals —sale of stocks and shares				(427,785)		(427,785)
	At 31 March 2023				1,111,007	112,405	1,223,412
	Carrying amount
	At 31 March 2023				1,111,007	112,405	1,223,412
	At 31 March 2022				1,173,623	114,840	1,288,463
6	Debtors
						2023	2022
	Amounts falling due within one year:					f	f
	Prepaid expenses and accrued income					3,725	1,620
7	Creditors: amounts	falling due	within one	year
						2023	2022
						f	f
	Accruals and deferred	income				2,643	2,529
8	Reserves				Revaluation	Reserves	Total
					reserves
	Opening balance at 1 April 2022				(235,565)	(1,529,784)	(1,765,349)
	Deficit for year					4,125	4,125
	Adjustments to agree	valuations	to valuation	report	(21,632)		(21,632)
	Closing balance at 31 March 2023				(257,197)	(1,525,659)	(1,782,856)

							2023		2022
									f
Incoming resources
Voluntaryincome
Bequest income								48,712
Income for maintenance			of memorial		stones at the
National Memorial	Arboretum					2,013		2,251
Fundraising events	and		donations			13,378		5,597
							15,391		56,560
Trading activities
Shop sales						4,143		506
							4,143		506
Investment income
Gross bank interest		received				190		8
Dividends received						22,495		20,775
Interest received on		funds		held with	investment
managers						713		284
							23,398		21,067
Total incoming resources							42,932		78,133

							2023		2022
									f
Resources expended
Costs of generating	funds
Voluntary income
Contribution for travel		(2022 contribution			to law
degree) funded out	of	Gravely	Budget			393		2,000
							(393)		(2,000)
Charitable activities
Supported projects						1,600		4,991
Gifting costs						1,086		327
Ebids and contributions		to sport and adventure
activities						6,917		12,814
National Memorial	Arboretum		maintenance		and
engraving costs						3,044		3,954
National Memorial	Arboretum		annual	subscription		2,087		1,697
							(14,734)		(23,783)
Overheads
General						14,349		11,775
Financial						16,635		(11,501)
Trading activities						946
							(31,930)		(274)
Total resources expended							(47,057)		(26,057)
Net (deficit)/surplus		for year					(4,125)		50,576

				2023		2022
						f
Overheads - Genera(
Engagement costs			5,826		6,538
Depreciation of rowing boat			5,000
Insurance for regimental silver and artwork			2,275		2,256
Trustee indemnity insurance			525		781
80th Anniversary costs			637		2,200
Trustees training courses			86
				14,349		11,775
Overheads -Financial
(Gain) on disposal of stocks	and shares by Cazenove
Capital Management Ltd			(5,864)		(33,144)
Card machine charges			35		216
Investment Managers' charges for managing		Fund's
portfolios of investments			18,102		18,510
Accounting software subscription			144		144
Bookkeeping services			840		840
Accountancy and taxation			1,833		1,833
Legal and professional fees			45		100
Regimental silver valuation	fees		1,500
				16,635		(11,501)
Overheads - Trading activites
Purchase of stock for resale			946
				946