##
|||Page|
|---|---|---|
|Reference and administrative|details ofthe CIO, its Trustees and advisers||
|Trustees'
report||2-6|
|Independent
examiner's
report|||
|Statement offinancial activities|||
|Balance sheet|||
|Notes to the financial statements||10-25|
##
##
|Trustees||Lt Gen
I Cave CB, Chairman|Lt Gen
I Cave CB, Chairman|and Colonel|ofthe Regiment|
|---|---|---|---|---|---|
|||Brig S Banton OBE, Deputy||Colonel Heritage||
|||Brig C Ginn|CBE, Deputy Colonel RRCM|||
|||Brig P Kimber OBE, Deputy||Colonel Finance||
|||Col A Walton MBE||||
|||Lt Col (Retd) M Jackson OBE||||
|||Lt Col (Retd) N Mackintosh||||
|||Lt Col D Canham
OBE, CO1 Mercian (resigned 21 March 2023)||||
|||Lt Col R Grover MBE, CO2 Mercian (resigned 3 February 2023)||||
|||Lt Col R Spalton, CO4 Mercian (resigned|||27 April 2023)|
|||Mr M Elliott||||
|||Lt Col G Brown, CO1 Mercian (appointed|||21 March 2023)|
|||Lt Col C Whitting,
CO4 Mercian (appointed|||27 April 2023)|
|Charity registered||||||
|number||1177059||||
|Principal office||Regimental|Headquarters|||
|||The Mercian|Regiment|||
|||Whittington|Barracks|||
|||Lichfield||||
|||Staffordshire||||
|||WS149TJ||||
|Financial secretary||Mrs P Mear||||
|Accountants||Dains Audit|Limited|||
|||15Colmore|Row|||
|||Birmingham||||
|||B32BH||||
|Bankers||Lloyds Bank|pic|||
|||22 Conduit Street||||
|||Lichfield||||
|||WS136JS||||
|||CAF Bank||||
|||25 Kings
Hill|Avenue|||
|||West Mailing||||
|||ME194JQ||||
|||Royal Bank|of Scotland|||
|||200 Fowler Avenue||||
|||Farnborough||||
|||GU14 7JP||||
|Investment|Managers|Investec Wealth and Investment||||
|||30Gresham|Street|||
|||London||||
|||EC2V 7QN||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2023|2023|2023|2022|
||||Note|||||
|Income from:||||||||
|Donations
and legacies|||3|61,142|4,548|65,690|66,003|
|Other trading
activities:|||4|||||
|Fundraising||||7,252|7,711|14,963|17,021|
|Investments|||5|61,775|10,163|71,938|57,539|
|Total income||||130,169|22,422|152,591|140,563|
|Expenditure
on:||||||||
|Raising funds|||6|53,388|6,782|60,170|59,727|
|Charitable
activities|||7|70,158|21,082|91,240|204,389|
|Total expenditure||||123,546|27,864|151,410|264,116|
|Net income/(expenditure)||before||||||
|investments||||6,623|(5,442)|1,181|(123,553)|
|Net (losses)/gains|on investments|||(174,599)|(18,316)|(192,915)|145,954|
|Net (expenditure)/income||||(167,976)|(23,758)|(191,734)|22,401|
|Transfers
between|funds||16|(6,679)|6,679|||
|Net movement
in|funds|||(174,655)|(17,079)|(191,734)|22,401|
|Reconciliation
of|funds:|||||||
|Total funds brought|forward||16|2,703,914|442,452|3,146,366|3,123,965|
|Net movement
in funds||||(174,655)|(17,079)|(191,734)|22,401|
|Total funds carried forward|||16|2,529,259|425,373|2,954,632|3,146,366|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2023|
|Donations||2,117|4,548|6,665|
|Subscriptions|and legacies|8,483||8,483|
|Other voluntary|income|158||158|
|Day's Pay Scheme||50,384||50,384|
|Total 2023||61,142|4,548|65,690|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|Donations||353|5,304|5,657|
|Subscriptions|and legacies|10,570||10,570|
|Other voluntary|income|659||659|
|Day's Pay Scheme||49,117||49,117|
|Total 2022||60,699|5,304|66,003|
##
##
||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2023|
|Car park||2,494|2,494|
|Field and stable rental||2,164|2,164|
|Tower admission||1,797|1,797|
|Cafe income||520|520|
|Shop income|7,154||7,154|
|Other income|98|736|834|
|Total 2023|7,252|7,711|14,963|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022|
|Car park||3,009|3,009|
|Field and stable rental||2,164|2,164|
|Tower admission||1,790|1,790|
|Cafe income||780|780|
|Shop income|7,638||7,638|
|Other income|1,640||1,640|
|Total 2022|9,278|7,743|17,021|
##
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2023|
|Investment|income|61,290|10,163|71,453|
|Deposit account interest||485||485|
|Total 2023||61,775|10,163|71,838|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|Investment|income|50,566|6,963|57,529|
|Deposit account interest|||1|10|
|Total 2022||50,575|6,964|57,539|
##
|Unrestricted|Restricted|Total|
|---|---|---|
|funds|funds|funds|
|2023|2023|2023|
|15,515|2,511|18,025|
|Unrestricted|Restricted|Total|
|funds|funds|funds|
|2022|2022|2022|
|17,019|2,607|19,626|
##
##
##
||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2023|
|Wages and salaries|21,982||21,982|
|Social security|1,872||1,872|
|Events|1,320||1,320|
|Pension costs|472||472|
|Goods for resale|12,227||12,227|
|Crich site||4,271|4,271|
||37,873|4,271|42,144|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022|
|Wages and salaries|21,764||21,764|
|Social security costs|1,783||1,783|
|Pension costs|465||465|
|Goods for resale|11,788||11,788|
|Crich site||4,301|4,301|
||35,800|4,301|40,101|
##
##
##
|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2023|2023|2023|
|Furtherance|ofthe|charity's|objects|65,624|5,616|91,240|
|||||Activities|Grant|||
|---|---|---|---|---|---|---|---|
|||||undertaken|funding of|Support|Total|
|||||directly|activities|costs|funds|
|||||2022|2022|2022|2022|
|||||E|E|E|E|
|Furtherance|ofthe|charily's|objects|99,236|100,000|5,153|204,389|
##
||Total|Total|
|---|---|---|
||funds|funds|
||2023|2022|
||F|F|
|Staff costs|19,848|18,090|
|Depreciation|3,506|3,506|
|Marketing|25,815|23,341|
|Heritage costs|3,557|1,940|
|RMAS officer|2,042|3,099|
|GIA for Worcester Museum||20,000|
|Eagle journal costs|8,762|7,792|
|RHQ costs|2,282|2,022|
|Other direct costs|19,812|19,446|
||85,624|99,236|
##
##
##
##
||Total|Total|
|---|---|---|
||funds|funds|
||2023|2022|
|Insurance|1,532|1,533|
|RHQ administration|648|281|
|Other support costs|736|879|
|Governance|2,700|2,460|
||5,616|5,153|
##
||||Grants to|Total|
|---|---|---|---|---|
||||Institutions|funds|
||||2023|2023|
||||E|E|
|Worcester Museum|||||
||||Grants to|Total|
||||Institutions|funds|
||||2022|2022|
||||E|E|
|Worcester Museum|||100,000|100,000|
|Net income/(expenditure)|||||
|This is stated|after charging:||||
||||2023|2022|
||||E|E|
|Depreciation|oftangible|fixed assets|3,506|3,506|
|Pension contributions|||830|779|
|Independent|examiner's|fee|2,700|2,460|
##
##
##
||2023|2022|
|---|---|---|
|Wages and salaries|40,145|38,457|
|Social security costs|3,199|2,866|
|Pension costs|830|779|
||44,174|42,102|
##
##
##
##
|||Crockery||
|---|---|---|---|
||Equipment|and cutlery|Total|
|Cost||||
|At 1 April 2022|6,879|27,000|33,879|
|At 31 March 2023|6,879|27,000|33,879|
|Depreciation||||
|At 1 April 2022|1,612|21,600|23,212|
|Charge for the year|806|2,700|3,506|
|At 31 March 2023|2,418|24,300|26,718|
|Net book value||||
|At 31 March 2023|4,461|2,700|7,161|
|At 31 March 2022|5,267|5,400|10,667|
##
##
||||Listed|
|---|---|---|---|
||||investments|
|Cost or valuation||||
|At 1 April 2022|||3,021,105|
|Additions|||734,875|
|Disposals|||(610,284)|
|Revaluations|||(243,212)|
|Cash trading|movements||(92,320)|
|At 31 March|2023||2,810,164|
|Net book value||||
|At 31 March|2023||2,810,164|
|At 31 March|2022||3,021,105|
|Investments|at market value comprise:|||
|||2023|2022|
|||F|F|
|Listed investments||2,655,582|2,854,838|
|Cash and cash equivalents||154,582|166,267|
|||2,810,164|3,021,105|
##
##
##
|||2023|2022|
|---|---|---|---|
|Trade debtors||19,608|17,949|
|Other debtors||139|42|
|Prepayments|and accrued income|1,078|3,502|
|||20,826|21,493|
##
|||2023|2022|
|---|---|---|---|
|Trade creditors||276||
|Accruals and deferred|income|29,182|117,503|
|||29,467|117,503|
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Gains/|31 March|
|||April 2022|Income|Expenditure|in/(out)|(Losses)|2023|
|Unrestricted||||||||
|funds||||||||
|General|Funds|2,703,914|130,169|(123,546)|(6,679)|(174,599)|2,529,259|
|Restricted||||||||
|funds||||||||
|Crich||442,452|22,422|(27,864)|6,679|(18,316)|425,373|
|Total of|funds|3,146,366|152,591|(151,410)||(192,915)|2,954,632|
##
##
##
|Statemen|t offu|nds - prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at|||Transfers|Gains/|31 March|
|||1 April 2021|Income|Expenditure|in/out|(Losses)|2022|
|Unrestricted||||||||
|funds||||||||
|General|Funds|2,700,566|120,552|(240,697)|(3,500)|126,993|2,703,914|
|Restricted||||||||
|funds||||||||
|Crich||423,399|20,011|(23,419)|3,500|18,961|442,452|
|Total of|funds|3,123,965|140,563|(264,116)||145,954|3,146,366|
##
|Analysis of net assets between funds - cur|rent year|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2023|2023|2023|
|Tangible fixed assets|7,161||7,161|
|Fixed asset investments|2,412,024|398,140|2,810,164|
|Current assets|132,629|34,135|166,764|
|Creditors due within one year|(22,555)|(6,902)|(26,457)|
|Total|2,529,259|425,373|2,954,632|
##
##
##
||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2022|
|Tangible fixed assets|10,667||10,667|
|Fixed asset investments|2,604,649|416,456|3,021,105|
|Current assets|204,789|27,308|232,097|
|Creditors due within one year|(116,191)|(1,312)|(117,503)|
|Ttl|2,703,914|442,452|3,146,366|
##
##
##