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|Trustees||||Brigadier (retired) G H F|S|Nickerson||
|---|---|---|---|---|---|---|---|
|||||Col J D LLeask MBE||||
|||||The Rt Hon Sir lain Duncan||Smith PC MP||
|||||Major N A McClelland||||
|||||Mrs L Hobbs||||
|||||Captain
(retired)
M Joynson||||
|||||Captain
(retired) P D Vail||||
|Regimental||Adjutant||Major (retired) J R Kelly||||
|Regimental||Welfare and Finance Officer||Major (retired)
M ACape|(Company||Secretary)|
|Charity|number||(England and Wales)|1174691||||
|Charity|number||(Scotland)|SC048007||||
|Company||number||10596645||||
|Principal|address|||The Castle||||
|||||Edinburgh||||
|||||EHI 2YT||||
|Registered||office||Regimental
Headquarters|Scots Guards|||
|||||Wellington
Barracks||||
|||||Birdcage Walk||||
|||||London||||
|||||SW1E6HQ||||
|Auditor||||Alliotts LLP||||
|||||Manfield
House||||
|||||1 Southampton
Street||||
|||||London||||
|||||WC2R OLR||||
|Bankers||||Lloyds TSBBank Pic||||
|||||Cox's and King's||||
|||||PO Box1190||||
|||||7 Pall Mall||||
|||||London SW1Y5NA||||
|Investment||advisors||Ruffer LLP||||
|||||80 Victoria Street||||
|||||London SW1E5JL||||
|||||AUBREY Capital Management||||
|||||10Goatee Crescent||||
|||||Edinburgh
EH3 7AL||||
|||||Asset Risk Consultants|(UK) Ltd (ARCUK)|||
|||||46 Chancery
lane||||
|||||London WC2A1JE||||
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|||Page|
|---|---|---|
|Supporting
the regiment||1-2|
|Trustees'
report||3-5|
|Statement
oftrustees'|responsibilities||
|Independent
auditor's|report|7-10|
|Statement offinancial|activities||
|Balance sheet||12|
|Notes to the financial|statements|13-22|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023|2023|2022|2022|2022|
|||Notes|F|8|F|6|F|6|
|Ittgftm~m;|||||||||
|Donations
and|||||||||
|legacies|||404,512||404,512|206,597||206,597|
|Charitable
activities|||56,209||56,209|30,154||30,154|
|Other trading|||||||||
|activities|||6,597||6,597|7,016||7,016|
|Investments|||42,129||42,129|38,447||38,447|
|Total income|||509,447||509,447|282,214||282,214|
|ExugttfliItmun;|||||||||
|Raising funds|||82,418||82,418|52,571||52,571|
|Charitable
activities||8|396,932||396,932|363,548||363,548|
|Total expenditure|||479,350||479,350|416,119||416,119|
|Net gains/(losses)||on|||||||
|investments||12|(299,776)||(299,776)|(104,119)||(104,119)|
|Net movement|in|funds|(269,679)||(269,679)|(238,024)||(238,024)|
|Fund balances|at 1 April||||||||
|2022|||8,072,214|2,014|8,074,228|8,310,238|2,014|8,312,252|
|Fund balances|at|31|||||||
|March 2023|||7,802,535|2,014|7,804,549|8,072,214|2,014|8,074,228|
##
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|||||2023||2021||
|---|---|---|---|---|---|---|---|
||||Notes|6||6||
|Fixed assets||||||||
|Intangible assets|||15||3,456||4,320|
|Tangible assets|||16||112,423||112,423|
|Investments|||17||7,263,163||7,571,516|
||||||7,379,042||7,688,259|
|Current assets||||||||
|Stocks|||18|11,823||12,483||
|Cash at bank and in|hand|||426,915||384,690||
|||||438,738||397,173||
|Creditors: amounts|falling due within|||||||
|one year|||19|(13,231)||(11,204)||
|Net current assets|||||425,507||385,969|
|Total assets less current||liabilities|||7,804,549||8,074,228|
|Income funds||||||||
|Restricted funds|||||2,014||2,014|
|Unrestricted
funds||||||||
|Designated
funds|||20|7,263,165||7,571,516||
|General
unrestricted|funds|||539,370||500,698||
||||||7,802,535||8,072,214|
||||||7,804,549||8,074,228|
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|Donations|and|giRs|
|---|---|---|
|Grants|||
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|6|6|
|376,690|186,469|
|27,822|20,128|
|404,512|206,597|
##
|2023|2022|
|---|---|
|6|E|
|56,209|30,154|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
||F|
|6,597|7,016|
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||F|F|
|Investment|income|39,751|38,162|
|Interest receivable||2,378|285|
|||42,129|38,447|
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|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2023|2022|
|||||||6||
||Fnriin||n|||||
||Other fundraising|||costs||34,092||
||Investment|managers'|||fees|48,326|52,571|
|||||||82,418|52,571|
|8|Charitable|activities||||||
|||||||Grants|Grants|
|||||||payable|payable|
|||||||2023|2021|
|||||||6|F|
||Depreciation||and|impairment||864|240|
||Charitable|expenditure||||102,425|156,789|
|||||||103,289|157,029|
||Grant funding||of|activities (see note 10)||152,489|67,405|
||Share ofsupport|||costs (see note 9)||130,402|126,535|
||Share ofgovernance||||costs (see note 9)|10,752|12,579|
|||||||396,932|363,548|
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||||Support|Governance|2023|Support|Governance|2022|
|---|---|---|---|---|---|---|---|---|
||||costs|costs||costs|costs||
||||6|6||6|8||
|Honorarium|||48,375||48,375|47,493||47,493|
|Archives|||9,654||9,654|6,690||6,690|
|Magazine,|Diary and||||||||
|Christmas|cards||21,176||21,176|19,720||19,720|
|Postage|||9,309||9,309|5,916||5,916|
|Flowers and||wreaths|466||466|780||780|
|Fees and|insurance||14,133||14,133|14,472||14,472|
|Events and||GiRs|3,962||3,962|14,364||14,364|
|Travel costs||||||187||187|
|Regimental||stock|6,094||6,094|4,933||4,933|
|Regimental|||||||||
|Headquarters||costs|17,233||17,233|11,980||11,980|
|Audit fees||||10,752|10,752||12,579|12,579|
||||130,402|10,752|141,154|126,535|12,579|139,114|
|Analysed|between||||||||
|Charitable|activities||130,402|10,752|141,154|126,535|12,579|139,114|
##
|||||||Grants|Grants|
|---|---|---|---|---|---|---|---|
|||||||payable|payable|
|||||||2023|2022|
|||||||6|6|
|Grants to institutions:||||||||
|Clothworker's|Grant - Awarded||to 1st Battalion & 'F' company||Scots Guards|||
|Regiment||||||22,004|20,000|
|Scots Guards|Regiment-|Command||officer, 'F' & 'K' companies|and Band Grants|11,050|11,050|
|||||||33,054|31,050|
|Grants to individuals||||||119,435|36,355|
|||||||152,489|67,405|
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||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||F|6|
|Revaluation|of|investments|(286,797)|(115,759)|
|Gain/(loss)|on|sale of investments|(12,979)|11,640|
||||(299,776)|(104,119)|
##
|There were|2 individuals
in receipt of honoraria
pay|ments||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Honoraria|costs|2023|2022|
|||8|2|
|Honoraria||47,375|46,501|
|Pension||1,000|992|
|||48,375|47,493|
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|15|Intangible
fixed assets|Intangible
fixed assets|||
|---|---|---|---|---|
||||Information|system|
|||||6|
||Cost||||
||At 1 April 2022 and 31 March 2023|||4,800|
||Amortisation|and impairment|||
||At 1 April 2022|||480|
||Amortisation|charged for the year||864|
||At 31 March|2023||1,344|
||Carrying
amount||||
||At 31 March|2023||3,456|
||At 31 March|2022||4,320|
|Tangible fix|ed assets|||||
|---|---|---|---|---|---|
|||Fixtures and|Chattels|Atlantic|Total|
|||fittings||Guardsmen||
|||6||||
|Cost or valuation||||||
|At 1 April 2022||21,587|52,423|63,257|137,267|
|At 31 March|2023|21,587|52,423|63,257|137,267|
|Depreciation|and impairment|||||
|At 1 April 2022||21,587||3,257|24,844|
|At 31 March|2023|21,587||3,257|24,844|
|Carrying
amount||||||
|At 31 March|2023||52,423|60,000|112,423|
|At 31 March|2022||52,423|60,000|112,423|
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|Fixed as|set investments||||
|---|---|---|---|---|
|||Listed|Cash in|Total|
|||investments|portfolio||
|||6|||
|Cost or valuation|||||
|At 1 April|2022|7,241,371|330,145|7,571,516|
|Additions||3,468,310||3,468,310|
|Valuation|changes|(286,797)|(146,323)|(433,120)|
|Disposals||(3,343,542)||(3,343,542)|
|At 31 March 2023||7,079,342|183,822|7,263,164|
|Carrying|amount||||
|At 31 March 2023||7,079,342|183,822|7,263,164|
|At 31 March 2022||7,241,371|330,145|7,571,516|
|18|Stocks|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||6|6|
||Raw materials|and consumables||11,823|12,483|
|19|Creditors: amounts||falling due within one year|||
|||||2023|2022|
|||||6|6|
||Other taxation|and social security||2,671||
||Trade creditors||||840|
||Accruals and deferred||income|10,560|10,364|
|||||13,231|11,204|
##
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|||Balance at|Transfers|Balance at|Transfers|Balance at|
|---|---|---|---|---|---|---|
|||1 April 2021||1April 2022|31|March 2023|
||||E|F||E|
|Investment|Fund|7,790,044|(218,528)|7,571,516|(308,351)|7,263,165|
|||7,790,044|(218,528)|7,571,516|(308,351)|7,263,165|
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|Analysis of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2023|2023|2023|2022|2022|2022|
|||E|E|E|E|E|E|
|Fund balances at 31||||||||
|March 2023|are|||||||
|represented|by:|||||||
|Intangible
fixed assets||3,456||3,456|4,320||4,320|
|Tangible assets||112,423||112,423|112,423||112,423|
|Investments||7,263,163||7,263,163|7,571,516||7,571,516|
|Current
assets/(liabilities)||423,493|2,014|425,507|383,955|2,014|385,969|
|||7,802,535|2,014|7,804,549|8,072,214|2,014|8,074,228|
##
|non-cancellable
operating
leases, which fall due as follow|s:||
|---|---|---|
||2023|2022|
||F|E|
|Within one year|13,537|14,093|
|Between two and five years|1,688|6,325|
||15,225|20,418|
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