REGISTERED CHARITY NUMBER: 1185298
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
THE AOJUTANT GENERAL'S CORPS ASSOCIATION
Rolhmans Audit LLP
Chartered Accounianls & Statutory Audilor5
Avebury. House
Sl Peter Street
Winchester
Hampshire
S023 8BN

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Page
Report of the Trustees
1 trj 6
Report of the Indep•ndent Auditor$
7 10 10
Statement of Financial Activities
Balance Sheet
12
Cash Flow Statement
13
Not*$ to the Cash Flow Statement
14
Nots$ to the Flnancial Statements
1S lo 25
D?tsiled Statement of Financial Activities
26 to 27

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
1. The Iruslees present their report wrth the financkql stslements ol the charity for the year ended
31 December 2020. The Iruslees have adopted the provisions ol Accounling and Reporting tiy Charities..
Stslemenl of Recommended Practu applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard 8pplicAble in the UK and Republic of Ireland IFRS 1021 leffective 1
January 20191.
REFERENCE AND ADMINISTRATIVE DETAILS
2. The official name ol the Chafily is The Adjutant Generaf5 C￿S As￿oI￿n.
Rtgist•red Charity Number.. 118S298.
Prin¢lpal Office
Headquarters Adjutant General's Corps
Building 204
Worthy Down
Winchester
S0212RG
Telephone..
Website..
Email".
0300 1533 486
bli￿.rhqagc.cOM
corpshq@ouuook.com
3. Trust•es and Olficers of the Charlty
The Trustees ol the Chanly are..
Colonel Suzanne Jane Holmes ADC (From 2 Mafch 2020 10 4 Jun? 20211
Colonel Victoria Whiling ADC Ilrom 4 June 20211
Colonel IReliredl Karen Graham OBE
Lieutenant Colonel Paula Janet NKhotas MBE
Warrani Officer Class 1 (Corps Sergeant Majorl Cdin John Momson {10 21 July 20201
Warranl Officer Class 1 (Corps S&rgeant Maiofl Andrew Heron (from 21 July 20211
Colonel Nicholas Chavez car￿11 Ilrrffi 3 March 2020 until 1 October 20201
Colonel Scott Martin Vardy Ifrom 1 October 20201
Brigadier Suzanne Anderson (to 30 Seplember 2020)
Colonel Sarah Louise Pringle-smith (fr(￿ 6 April 20201
Colonel Bruce Alas(1air Gray Ito 7 Oclot*r 20201
Lieulenanl Colonel James Anlhony Mullen Carmthad Ifre4n 7 Oclot*r 20201
Lieulenanl Colonel IRetire(Jl Andrew John Lowe BEM 110 16 October 20201
The Execuli¥e Officers conducting th¢ day to ¢Jay Operat￿nS ol Ihe Charity afe.
Lieutenanl Colonel (Retiiedl M J R Cotton MBE (Corps Secretary)
Major (Retired) J Bright MBE (Assislanl Corps Secretary)
Page 1

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
REPORT OF TtrIE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
REFERENCE AND ADMINISTRATIVE DETAILS
4. Auditors
Rothmans Audit LLP
Avebury House
6 Sl Peter Street
Winchester
S023 8BN
Independent Advisor
Bngadier (Reliredl Noel
Muddiman CBE
8 W￿L￿oC#￿ Ckjse
Ol¢J Harbw
Essex
CM17 OJD
7. Ltyal Advisors
Blake Moigan LLP
New Kings Court
Tollgale
Chandlerfs Ford
Easllwgh
SO53 3LG
Bankers
Royal Bank ol Scotland
Holt's Military Banking
200 Fowler Avenue
Fowler Business Park
Farnborough
GU14 7JP
STRUCTURE, GOVERNANCE AND MANAGEMENT
8. Governing document
The Objects ol the Charity are laid down in ihe constituti￿ D￿uMent. The Pnncipal Objects are to
promote the efficiency of Ihe Corps by mainlaining contact between the p￿sent and past members ol the
Aijiuianl General's Corps and Ihe lormer ¢onslitu8nl corps and to losler esprit de corp5. comradeship,
welfare ol Ihe Adiutani General's Corps and lo preserye Its traditions The Associaiion exists to stjpport
the present and past members ol the Adiulanl Ggnerafs C￿)8 an(1 their depgndanis. who are in genuine
need, suffering hardship or distress
9. Trustees
There may up lo wght Appointe¢J Trusiees and lour Nominated Trustees. Each of the four Brancheg 01
the Corps may propose a ￿rSOn who act as a Ncrfninated Tnjslee in accordance wilh the Conslilutson
Document. All Trustees attend Trus*es Training and a training record is kept.
10. Org•nl$atlonal Structurn
Day lo day management ol thè Assocwlion is dekgaled lo the Assistani Corps Secretary who consults
ilh the Corps Secretary and Ihg Cok)nel AGC vthen required. These personnel are employed by Ihe Amiy
and donale their services lo the charity.
11. Benevolen¢o
The Trustees have delegaleil the managemenl ol benevolen￿ lo the Benevolence Committee who are
empowered lo approve gcants lor benevolence cases to a maximum 01 £3.000 for any one case. During
Ihe year. additional funding lor BenevolerKe was provthd Irom othe¥ Ass(tialions, The Royal British
Legion, ABF The Soklier's Charrty and other Charrtable Organt58tion3.
12. Risk Management
The major risk5 to which the Charity is exposed. as bJentified by the Trustees. have be￿ revEwed and
systems have been eslablished lo mana9e those risks.
Page 2

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENOED 31 DECEM8ER 2020
13. Publlc Benefit
The Trustees have paid dLJe regard lo the Charity Commission's guidance on public benefit in deciding
whai activities the charity should undertake. The fund provides public benefit by assisting service
personnel ol the Adjulanl General's Corps lo more effectively perform Ihoir foles within the British Army.
11 does this by providing support lor bengvolence, welfare, sports and recreational aclivilies. This
assistance enables service personnel lo face the Challenges arKI dangers associated with military service
by developin9 and maintaining teamwork. lilness, character, spirit and morale. By supporting both the
serving and the retired commLJnities, Il embraces esprit de corps by promoting the concept of 'support lor
life.. A5 3 result, the Adjutant General's Corps Association promotes the efficiency ol the Arrned Forces ol
the Crown by enhancing the Biilish Army's capability lo undertake the roles demanded of il. including the
delence ol the United Kingdom and ils interests.
OBJECTIVES AND ACTIVITIES
14. Object$ of tho Association
The objects of thè Association are lo promo18 the efficiency of Ihe Adjuiant General's Corps IAGCI in such
ways as the Trustees shall think lil in particular bul not exclusively by..
a. Maintaining contact between the membgrs of the AGC 8ndlor the lomier consllluenl Corps.
b. Fostering esprit de corps,
. The protection and advancement ol the heritage and elhos of the AGC.
d. The relief ol members and Ic)rmer members of the AGC andlor members ol the former consliluenl
Corps, in the evenl the IDrmer consliluenl Corps, benevolent funds fail and Iheir dependanls. who are
in need by rea50n ol their youth, age. Infirmily or disability. Iinanei81 hardship or social circumstances.
15. Powers of thg Association
The CIO has the power lo do anything that Is caleulaled lo further ils Object5 or is conducive or incidental
lo doing so. In partrular. the CIO has Ihe power to..
a. Take all necessary aclK)n for publicising and dissemin81ing information, including bul not limited lo,
the histories. deeds and traditions ol the CIO and Ihe AGC.
b. Borrow money and lo charge Ihe whole or any part ol its property as security lor the repayment ol the
money borrDwed. The CIO musl comply as appropriate with seclions 124 and 125 01 the Charitie5 Act
2011. il il wishes lo mortgage the land.
8uy. lake on lease or in exchange. hiro or otherwise acquire any property, maintain and equip Il IOT
use.
d. Sell, lease or otherwise disp05e of 811 or any part ol the property t*longing lo the CIO. In exercising
this power, the CIO musl comply as appropfiale wilh sects'ons 117 and 119 10 123 01 the Charities Act
2011.
e. Employ and remunerate such staff as are necessary for carrying out the work ol the CIO. The CIO
may employ or remunerate a Trustee only lo the extent that it is permitted lo do so by clause 6 and
provided il complies with Ihe conditions ol that clause.
Oeposit or invest funds, employ 8 professional lund-manager, and arrange for the investmènts or other
property of the CIO lo be held in the name ol a nominee. This is carried out in the Same manner and
subject to the saffle conditions a5 the trustees ol a trust 8re permitted to do by the Trustee Act 2000
and do anything else within the law that promotes or helps to prDmDle the Obje¢ts
Page 3

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
16. Objectivès For the Year
The main objectives for the year were..
a. To respond quickly and compassionately lo requests for benevolen￿ assistsnce.
b. To piovide support lor serving personnel who are injured or are suffering with PODr health. by way ol
financial assistance where needed or appropriate.
c. To provide support lo the next of kin and family ol those serving and ex-serving who had suffered a
bereavernenl.
d. To provide for social gatherings for serving and retired members in order lo fosler (x)mradeship and
esprit de corps.
To increase Ihe level of subscribers lo the Association.
f. To produce a high quality Corps Magazine IAGC Journal).
g. Enhancing the quality and types of Corps Sport and encouraging the widest participation. particularly
by the more junior officers and soldiers.
ACHIEVEMENT AND PERFORMANCE
17 All the main objectives for the year were achieved.
18. The Benevolence Committee provided financial assistance to those who were in genuine need or suffering
hardship. This in¢luaed assistsnce with priority debts. rent and council tax arrears, rent advance, purchase
of essential household items, travel costs. purchase ol items for children and grants lor general needs.
The Number of beneficiaries ol benevolence grants was 114 members and the lolal amount granted from
the Association was £51.040.
19. The Trustees extend their thanks to The Royal Britisn Legion, olhei Asso¢iations and ABF The Soldier's
Charity for their generosity over the past year lo the members of the Assock8lion who have required
assistance.
20. The Association provided support for social gatherings lo foster comradeship and esprit de corps, bul
was constrained by the effects of the pandemic. The annual commemoration service al Ihe AGC plot al
the National Memorial Artjorelum was not held due lo COVID ieslriclions.
21. The Association expended £103,189 on sporting activities throughout the year, but many planned events
were cancelled or poslponed due lo the pandemic.
22. The lorrnal opening of the Field of Remembrance at Westminster Abbey in November 2020 was carried
out wilhoul any representation from Ihe many organisations represented.
23. The work ol the Association and the benefits provided are briefed lo all new officers and soldiers.
encourag1ng them to join We are pleased to report that almost 100.kn of new enlranis join the One Dals
Pay Scheme and subscribe to the Ass￿lab"0n.
24. The Adjutant General's Corps Association (Charitable Incorporated Organisation ICIOI regisleied charity
number 11852981 was lomied on the 131h of Septèmber 2019 from the Adjutant General's Corps
Regimenial Association and the Adjulanl Gèneral's Corps Institution. Our legal advisers have carried out
the ffleige with the Charities Commission and the two former charities have been removed from Ihe
Charity Commission register.
Page 4

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
FINANCIAL REVIEW
25 Rèserve5 Policy
The current level of reserves is £7.29m, ol which £6.15m is held in Inveslmenls. The policy lor the
Reserves of the Association is to enable the Association lo meet the future benevolence costs ol the
incr&asing number ol members ol the Association and their d&pBndants who are the beneficiaries and the
reserves should nol be ¢alled upon until 2047. Investment growth that is not used lor day-lo-day business
is invested In the Armed Forces Common Investment Fund IAFCIFI, the CCLA Property Fund, Thg
Charities Property Fund, The Sarasin Food & Agricullural Opportunitie5 Fund and the Charity Equity Fund.
26. Principal Funding SouTCO$
Subscriplions from serving and Volunteer Reserve members ol the Days Pay Scheme were crediled lo
Ihe Association Fund. Subscriptions from rank range Sergeant lo Warrant Officer Class 1 were collected
at 1200/0 ol one day's pay. The additional 200/D was retained in the fund lor excltjsive use ol the Corps
Sergeants Mess Subscriptions from officers were collected al 150°1ts of one day's pay. The additional 5001•
was Iran51eried lo Ihe Headquarters Officgrs, Mess Accounl. Subscriptions received from relired members
along with gift aid receipts were credited lo the As50cialion Fund.
27. The charity does not lundraise externally and does not therefore subscribe to any schemes or standards
lor lundr8ising regulation. There have been no complaints about fundraising 8cl¢vilies in the period.
Invostmentl
28. On the formation ol the Association. the Trustees iecognised the need lo oslabligh long-lerm financial
reserves and therefore continue lo maintain an investment portfolio on behalf ol the Associalion. The
investment policy is lo increas¢ the value ol the fund in order lo provido a reserve lor the lulure
benevolence needs ol the growing membership ol the As50C181ion and their dependants.
FUTURE DEVELOPMENTS
29. 11 Is ex￿Cted that incomewill remain relatively stable in 2021, while expenditure wi11 continue lo be reduced
against previous norm5 due lo routine sporting and social activities being constrained by COVID 19
restrictions. 11 is planned lo use some of the funds normally dedicated lo Ihese activities lor the
advancement ol some cultur81 and heritsge projects such as Ihe build ol a Nepalese messing facility al
Worthy Down. home of Ihe AGC.
30. 2022 is the 30th anniversary of the foundation of the Corp5. To celebrate, the Association will fund several
exlraordinary events including an All R8nks Dinner Night, the LJnveilin9 01 a monument, a Families Day al
Worthy Down and a Freedom Parade through W1￿he$1er.
31. The Army will announce the results ol its Integrated Review in early 2021. While the outcome Is not
known. and the specific Impact on the AGC may not be known for some time thereafter, Ihere is polenlial
that any workforce reductions would impact on the primary source ol income of the fund in Ihe coming
years. Al present, the AssOCl81ion uses the in-year income to fund d8y-lo-day aclivily ancl does nol ring"
fence or invest il for lulure use. assessing th81 the futLJre cost of benevolence will be mel by its growing
Investments. However, In addilion. COVID-19 has had an impact on returns from investments and this
may continue into 2021 and beyond. The Trustees will keep a watchful eyè on the future cost ol
benevO￿ne￿, commissioning an actuarial review in 202112022 to ensure ihat Ihis policy is appropriate In
the new operating environment.
FUNOS HELD AS CUSTODIAN FOR OTHERS
32. The Adjutanl Geneial's Corps Association does not hold any assets on behalf of othèr charities.
Page 5

ThE ADJirfANT GENERAL? CORPS A880CIATION
REPo￿r OF THE TRU8TEE8
FOR ThE YEAR ENDED 31 DECEMBER 2020
STATEMENT OF TRUSTEE* RESPON8IBILmE8 . 6onthw•d
Tb8 trust￿ are restx)nsible for prepBilng the Report of the Trustees armt the financiol 51at8mants
ac£ordanr* with appI￿able law and Unitad IQI￿d0M A¢thJnthig Stsndards lUn4￿j Ki￿$￿n G8rwalty
Acr* Ac£ounting Practtcel.
Tho law applubl8 to charities in EngLqnd 8nd Wales rnquir85 the trvstees to wgparo finArthl st8taments for
èach finanual year Wh￿ give a tru& and f8ir vi8w of the state of offairs of the chathy and of the husming
rescrtjrces and appl￿tIon ol rB80urc*s, of Iha chadty lor that In prepanng those fin8n¢tr4 st8t8monl8,
the trustees aTB required to
¥eknl Sultsb￿ 8ccountirvJ [nI￿eS and thon appty them w15iStenlly.'
observe the ￿￿thodS and prirKipl8s in the Charlty SORP.,
makè judgements alld 8Stsmatss that are reasonab￿ and pwdenl;
stste whether applrable a¢cxJunting standaids hav8 teen folky*8d, Sut4.￿ 10 ony material departures
disclosed and èwained in the financlal slatem8nts",
prepare the financial ststements on the going concem basis unl8ss it 15 inaprKoprTate to presume Ihat th6
¢harfty wiu cxjntinue in business.
trustags are fes[￿sible for kee￿n9 ￿fvent a(xountry r8¢xwds Ihat discJos8 with rnasonable ￿LjJrXY
at any time the finÈnaBI Fositson of the charity and lo onable them to ensure that the financial sts18ments
c(xYWy with the Charrti8s Act 2011. the Charity IAc(x)unts and R•portsl ReguL4tKJns 2008 Bnd the provistons
of the tnjsl doed. ThDy are also r8sFQnsib￿ for $8f8guarding th8 assets of the chaftty and he￿ for tsking
as￿abl0 $19P5 for tha prev8ntion and deteCt￿n of fraud 8nd other Nwularities.
The trustees ar8 rosponsible tor the maintenanc8 and integrity ofthg ch8rity 8nd ftnancial inf0m18t￿)n included
on Ihe chanvs website. Legislation in thè United Kingdom goveming the preparation and diwmination of
financlal ststements rnay differ from 1gJtsl8tion in oiher1ur￿d￿tlon5.
In so f8r as the tru51*es are awar•'.
there ts no rel8vanl eudit irbfom￿ti0n of which the charb￿S wdltors 8rn unawara: and
Ihe Irustees havè taken all steps that they ought lo have taken tr) make themsefveg 8W8re of any re￿nt
audit infomi81th and to establish Ih8t the auditcrfs are aware ofthat information.
AUDITORS
The 8udit￿s, Rothmans Audit LLP. will te proposed for re-gppointmenl 8t for1j￿rn￿9 Annual Gener81
MeetirvJ.
ON BEHALF OF THE BOARD..
Lieutenant ￿one1 P J Nthol85 MBE
Wmnl
Class 1 (c￿P5 Sery8ant Majorl A He￿1
Zl Ock li
Pagg 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE ADJUTANT GENERAL'S CORPS ASSOCIATION
Opinion
We have audited the financial statements of The Adjutant General's Corps Association Ilhe 'charily'l lor the
year ended 31 December 2020 which comprise the Statement ol Financial Activities. the Balance Sheet, the
Cash Flow Statement and notes to the financial statements. including a summary ol signilicanl accounting
policies. The financial reporting framework that has been applièd in their preparation is applicable law and
United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Pra¢li¢el.
In our opinion the financial statements..
give a true and lair view of the slate of the charills affairs as at 31 December 2020 and ol 115 incoming
resources and application ol resources, including ils income and expenditure, lor the year then ended".
have been properly prepared In accordance with United Kin9dom Generally Accepted Accounting Practice.,
and
have been prepared in accordance wilh the requirements of Ihe Charitie8 Acl 2011.
Basis lor oplnlon
We conducted our audit in accordance with Inlemational Standards on Auditing IUKI IISAS IUKII and
applicable law. Our respon5ibililies under Ihose standards are further described in the Auditors, responsibililies
for the audit ol the financial 51alements section ol our report. We are Independent ol the charity in 8ccordance
wilh the ethical requirements Ihal are relevant to Our audit ol the financial slalemenls in the UK. including the
FRC'S Ethical Slandard. and we have fulfilled our other ethical responsibililies in accordance with these
requirem8nls. We believe that the audit evidence we have oblaine(J is suff￿Cl￿nt and appropriate lo provide a
basis lor our opinion.
Conclusions ralatlng to golng concern
In auditing Ihe financial slalements, we have concluded that IfTre Iruslees, use of the going concern basis ol
accounting in th8 preparation ol thè financial s18lemenls is appropriate.
Based on the work we have performed, we have not idenlili8d any material unc8rtainlies relating lo events OT
conditions that. individually or collectively, may cast significant doubl on the charity's ability lo continue as a
going concern lor a period ol al leasl Iwolve months from when the financial slalements are aulhorised lor
issue.
Our responsibilities and the responsibilities ol the Irustges with respect lo going concern are describ8d in the
relevant sgctions ol this report.
Oth#r information
The Iruslees are responsible lor Ihe other information. The other information cornprises the information
included In the Annual Report, other Ih8n the financial slalgments and our Report of the Independent Auditors
Ihereon.
Our opinion on the financial slalements does not cover the other information and. except lo the exlenl
otherwise explicitly slated in our report, wè do not express any form of assurance conclusion thereon.
In connection with our audit ol the financial slalemenls. our responsibility is to read the other inlDrmalion and,
in doin9 50, consider whelher the other information is malenally in¢onsislenl with the financial slalemenls or
our knowledge Dblained In the audit or olhetwise appears to be matèrially misstaled. Ilwe idenlily such material
inconsistencies or apparenl material rnisstaiemenls, we are required to determine whether this gives rise lo
material misstatement in the financial statements themselves 11. based on the work we have performed, we
con¢luda thal Ihere is a fflaterial mis5t8lement of this other infomiation. we are rgquired to report Imat lacl.
We have nothin9 to report in this regard.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE ADJUTANT GENERAL'S CORPS ASSOCIATION
Matter5 Qn which we are requirèd to report by exception
In the Iighl of the knowledge and understanding ol the Charity and its environment obtained in the COL*rse ol
the audit. we have nol identified material misstatements in the trLJStees' report.
We have nothing lo report in respe¢l of the following matters where the Charities (Accounts and Reports)
Regulations 200e requires us to report lo you if. in our opinion".
the information given in Ihe Report of the Trustees 15 inconsislenl in any material respect with the financial
statefflents". or
Sufficienl accounting records have not been kept., or
the financial statements are not in ag￿ement with the accounting records., or
we have not re¢eived all the Information and explanations we reouire for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, Ihe trustees are responsible lor the
preparation ol the financial statements and for being satisfied that they give a true and fair view. and for such
internal control as the trustees delermine is necessary io enable the prepaialion of financial statements that
are free from material misstalemenl, whether due lo fraud or error.
In pieparing the financial slatements, the trustees are responsible for assessing the charity's ability to continue
as a going concern, disclosing. as applicable, matters related to going concem and us1ng the going concern
basis of accounting unless thè trustees either intend lo liquidate the charity or lo cease operations, or have no
realistic alternatsve bul lo do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditor5 under Section 144 of the Charities Act 2011 and report In accordance
with the Act and relevant regulations made or having effect Ihereunder.
Our objectives are lo obtain reasonable assurance about whether the financial slalements a5 a whole are free
from material misstatement, whether due lo fraud or error, and lo issue a Report of the Independent Auditors
that Includes our opinion
Reasonable assurance is a high level of assurance, but is not a guaianlee that an
audit conducted in accordance with ISAS IUKI will always deleGI a material misstatement when il exists.
Misstalemenls can arise from fraud or error and are considered material if, individually or In the aggregate,
they could reasonably be expected lo Influen￿ the economic decisions of users taken on the basis ol these
financial statements.
Irregulaiilies. in¢luding fraud, ale instances of non-compliance with laws and regulations. We design
procedures in line with our reswn5ibililies. outlined above, lo dele¢l material misstalemenls in respect Df
irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities,
inclulling fraud is detailed below.
The ¥xtènt to which the audlt was considered ¢apablg of detecting irregularltiès including fraud
Our approach to identifying and assessing the risks of material misstalemenl in respect ol irregularities,
including IraLJd and non-compliance with laws and regulations. was as follows..
the engagement partner ensured that the engagement team collgclively had the appropriate
cornpelence. capabilibes and skills to identify or re¢ognise non-compliance with applic8ble laws and
regul8tions".
we identified the laws and regulations applicable to the charity through discussions with the trustees
and other management, and from our knowledge and experience of the ¢Marities sector".
we focused on specific laws and regulations which we Considered may have a direct material effe¢l
on the financial statements or the operations of the charity, including the Charities Act 2011
we assessed the extent ol compliance with the laws and regulalions idenlified above through making
enquiries of managemenl and inspecting le9al correspondence. The identified laws and regulations
were communicated within Ihe audit team regularly and the team remained alert to insiances of non-
cornpli8n¢e throughout the audit.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE ADJUTANT GENERAL'S CORPS ASSOCIATION
We assessed the susceplibility of the charity's financial statements lo material misstatement, including
obtaining an understanding ol how fraud might occur, by..
making enouiries of management as to where they considered there was susceptibility lo fraud. their
knowledge ol actual, suspected and alleged fraud". and
considering the internal controls in place lo mitigate risks ol fraud and non-compliance with laws and
regulations.
To address the risk ol fraud through management bia5 and override of controls, we..
performed analy(iGal procedures lo identify any unusual or unexpected relationship5',
tested journal entries during the year and al the year-end to identify unusual Iransaclions,
assessed whether judgements and assumptions made in detemiining the accounting estimates sel
were indicative ol polenlial bias.,
investigated the rationale behind significant or unusual transactions.,
In response lo the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which includeL#, bul were nol limited to..
agreeing financial statement disclosures to underlying supporting dwumeniation.,
reading the minutes of meetings of those charged with governan¢e,
enqLJiring of management as lo actLJal and potential liligalion and claims.,
reviewing correspondence with relevant regulators and the ¢harily's legal advisors.. and
reviewed legal and professional expenditure incurred in the year.
There are inherent limitations in our audit procedures dèscribed above. The more removed that laws and
regulations are from financial Iransaclions. the less likely il is that we would become aware of non-compliance.
Audiling standards also limit the audit procedures requI￿d to idenlily non-complian¢e with laws and regulations
lo enquiry ol the d7￿clorS and other management and the inspection ol regulatory and legal correspondence,
if any Material misstatements that arise due lo fraud can be hgr(5er lo dele¢t than those that arise from error
as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audrt of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibililies. This descripb'on forms part of our
Report ol the Independent Auditors.
Other Matt•r
The charity wa5 formed by the merger ol the Adjutant General's Corps Regimental Association and the
Adjulant General's Corps Institution and it has applied merger accounling. This charity commenced ils
operations on 1 January 2020 and the comparative fvJures presented in these accounts are the combined
results of the two merged charities. The comparative figures are unaLJdiled.
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE ADJUTANT GENERAL'S CORPS ASSOCIATION
U$¢ of our report
This report is made solely lo the charity's trustees. as a bryly. in accordance with Part 4 01 the Charities
IA¢counls and Reports) Regulations 2008. Our audit work has been Ljndertaken so that we might slate lo Ihg
charity's trustees those matters we are required lo slate lo them in an auditors, report and loi no other PUfPOSe.
To the fullest extent permilled by law. we do not accept or assume responsibility to anyone other than thg
charity and the charitys Iruslees as a body, for our audit work, for Ihis report, OT for the opinions we have
formed.
RON_ fvLLF
Rolhmans ALJdit LLP
Chartered Accountants & Stalulory Auditors
Eligible lo acl as an auditor in terms of Section 1212 of the Companies Act 2006
Avebury House
Sl Peler Slre8t
Winchester
Hampshire
S023 8BN
Date..
28 October 2021
Page 10

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
2020
2019
UnreStr￿le￿ Unrestncted
& total funds & iot81 funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
742.360
662.858
Charitablg activities
Fostering Espril de Corps
20.389
27.865
Investment income
182.579
205,459
Total
945.328
896,182
EXPENDITURE ON
Raising funds
935
2,207
Charitabl• activiti•$
Fosterin9 Esprit de Corps
Benevolence & Wellare
Maintaining Contact & Traditsons
Spori$
277,156
95,395
42,346
128,150
535,031
72,323
51.281
372.869
Total
543.982
1.033.711
Nel gains on inveslments
208.574
272.656
NET INCOME
609.920
135.127
RECONCILIATION OF FUNDS
Total funds brought forward
6.687.756
6,552,629
TOTAL FUNDS CARRIED FORWARD
7.297,676
6,687,756
notes form part of these financial statements
Page11

THE ADJiTfANT GENERAL? CORPS A&8OCIATIOW
BALANCE 8HEEr
31 DECEMBER 2020
2020
2019
UnTestr#X&l Unrest￿l8d
& totsl funds & lotal lunds
FIXED AS8Ers
TarvJitrAe assets
IDve5tments
14
15
510.215
0 155058
545,330
5 750 356
6.865.273
6.295.686
CURRENT ASSETS
Stocks
18
17
18
6,343
122.227
18.896
70,713
Cash at bank and in hand
658.378
427.009
CREDrroR8
Amojnts falting due within one year
19
123,9731
134.9391
NÉT CURREpTf ASSETS
632,403
TOTAL AS8fT8 LE&8 CURREpir
UABILMES
7.297.678
6.887,756
NET A88Ef8
7 297 876
6 687 756
FUNDS
Unrestrrcted fvnds
20
7.297.676
6 687 756
TOTAL FUND8
7 297.676
T.he fin9nrAal slatemwtts were Appm%vJ by the Bcérd of Tmsi88s aThl auth￿ised for on
.. and w8re sigfvl on its b8haif by..
P J Nlchdas MBE - Trustee
AHeron.T
The Th)tes fomi part of these fin8nuo1 statem8nts
Page 12

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2020
2020
2019
Notes
Cash flows from oparating activiti•$
Cash geneialed from operations
391.036
29,9201
Nel cash provided byllu5ed inl operating activities
391.036
29,9201
Cash flows from inve8tlng aetlvities
Pur¢hase of tangible fixed ass8ls
Purchase of fixed 8ssel investments
Sale ol fixed a5sel investments
Interest received
15.0391
1196,1281
17,6761
1151,2951
248,000
1,229
537
Nèl cash lused inllprovlded by investing aclivllies
200 6301
90.258
Change in caBh and ¢ash equlvalenti
In the reporting period
Cash and ¢ash èquivalents at th•
beglnnlng of the r•porting perlod
190,406
60,338
337,400
277,062
Cash and ¢a$h equivalents At tho end
ol th• r•portlng p8rlod
337,400
The notes form part ol these financial statements
Pag@ 13

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 OECEMBER 2020
RECONCILIATION OF NET INCOME TO NET CASH FLOVI FROM OPERATING
ACTIVITIES
2020
2019
Net income for thg reportlng p•rlod la$ per th¥ Ststom•nt of
Financial Activities)
Adjustments for:
Depreciation charges
Gain on investments
Loss on disp0581 ol fixe(l assels
Interest received
Decreasellincreasel in sltscks
Ilncreaselldecrease in debtors
(Decreasellincrease in creditor8
609.920
135.127
32.265
1208.5741
7,889
15371
12.553
151.5141
10,9661
31.990
1272.6561
9,730
11,2291
118.8961
61.075
24,939
Net cash provlded byllu8od Inl op•ratloni
391.036
29.9201
ANALYSIS OF CHANGES IN NET FUNDS
Al 1.1.20
Cash flow
At31.12.20
Net ca8h
Cash 31 bank and in hand
190 406
527 806
337,400
190.406
527 806
Total
337,400
190,406
527,806
The notes form part ol these financial slalemenls
Page 14

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
ACCOUNTING POLICIES
8a$i$ of preparing th• financial statements
The finan¢Jal siaternen15 of the charily. which ts a public benefit enlity under FRS 102, have been
prepared in ac¢or¢Jan¢e wth tl* Charities SORP IFRS 1021 'Accounting and Reporting by Charities..
Slatemenl of Recommended Practice appl￿b￿ lo chafities preparing their accounts in accordanc
wilh the Financial Reporting Standard appltcable in the UK an¢J Rep¢Jblic of Ireland IFRS 1021 leffeclive
1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable In
the UK and Republic ol Ireland. and the Chariiies Act 2011. Thè financial stslements have been
prepared under the historical cosl convention, with the exception ol investments wh￿h are included at
market value, as mcmlilied by Ihe revaluation ol certain asseis.
The financial slalements are prepared in sterling vknich is the functional and presentational currency ol
the charily. The financsal statements a￿ rounded lo the nearest pound.
The charity was fcwmed by Ihe mergw of the Adjulanl Ge￿ral'S Corps Regimental Asscti8lion and the
Adjutant General's Corps Institution and il has applied mergef a¢counb"ng This charity commenced Ils
oper8tions on 1 January 2020 and the comparatjve fi9uros Pr￿nted in these accounts are the
combine(J results of the two merged charities.
The Truslgos cOnS￿er that there are no maierKIl Lbncertainbes about the chafily's ability lo continue as
going concern. The most signifi¢anl eslimales affeclirKJ these accounls are the e51irnalions ol the
uselul lives ol Ihe fixed assets There a￿ no significant judgement5 which affect the amounts
reeognised in the financial statements. Wrth resFect to the next reporting wriod. the most significant
areas ol uncertainty Ihat affect the carrw'ng value of ossels hekl by Charity are Ihe level ol
inveslmeni relurn and the performance of inveslments.
Incom•
All income is rewniw1 In Ihe Slalemenl of Financial Activilves once the charity has entitlement to the
funds. il is probab￿ that the income will be recer¥ed and U)e amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditurea¥ won as there is a *al orconstruclive oblig8lion committing
the charity to thal expenditure, il is probable Ihal a transfer ol ec￿0M￿ benefits will be required in
seltlemenl and the amounl ol the obligation can ￿ measured reliably. Expendilufe is accounted for on
an accruals basis and has been classilied und¢f headings thal a9grega¢e all ¢osi related 10 the caiegory,
Where G05ts cannot be directly altnbuled lo partKular headirHJs they have been allocated lo activities
on a basis consisient wrth Ihe use ol resources.
Granis offered subjecl lo Co￿lI110nS wffiich hove not been met at the year end date are noted as
commi¢rnenl bul not acuued as exFendrtvie.
Governance costs
Governance costs are the cosis of professional advice, holding trustee meelings ￿ committee meetings
associated with decision making, any fee for audit or independenl examinatson and any lee incurred in
the preparation, stalutory filirwJ, printing or copwrBJ of the annual report and accounts.
Allocation and apportlonm•nt of ¢o•t•
Support cosis include administralive and governance costs.
Administrative costs which felale lo specffic a¢livrties are all(Kaled to those aclivilies. General
administrative cosis are shared equally between the lour acb"¥itses ol the charily as these utilise a similar
level ol resources over the course of any given year
Govemance costs are shared equally be￿￿en the four of tt)e charity as these utilise a similar
level ol resources over the course of any given year.
Page 15
continued...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2020
ACCOUNTING POLICIES- continuèd
Tangible fixed assets
All assets having a purchase value of more than £500 are capitalised. The cosl ol iangible fixed assets
are written off by equal annual instalmenls over Iheir expected useful lives using the following methods
ol depreciation..
Furniture, lixlures and equipment- Slraighl Line over a peri(Kl 012 - 10 years
Holiday Homes - Straight Line over a period 0120 years
Assets with a life of more than one year bul with a purchase value of below £500 are included within
the inventory but the cost is written off In the yea. it is Incurred and Is not deprecialed over the Ljselul
life ol the asset.
The charity holds some assets wlh a useful economic life in excess DI 10 years and with high residual
values. These assets are not depreciated on the basis that any such depr8ciation charge would be
immaterial lo these accounts.
InvoBtmgntJ
Investments are a form ol basic financial instrument and are initially recognised 81 their transaction
value and subsequèntly measured al their fair value as at the balance sheet. The Charity's investments
are held In unil trusts 8nd the lair value for these investments is equivalent lo the market value, using
the bid price.
All gains and Ioss8s are taken lo the Slalemenl ol Financial Activities as they arise. Realised gains and
losses on investments are calculated 88 the difference between sales proceeds and their opening
¢arrw'ng value or their purchase value il acquired subseqLJent lo the first day ol th& financial year.
Unrealised gains and losses are calculated as the difference between the lair value al the year end and
their carrying value. Realised and unrealisod investment gain5 and losses are combined in the
Slalemont ol Financial Activilies.
Sto¢ks
Stocks are valued al the lower of cost and nel rèalisable value. after making duo allowance for obsolete
and slow rnoving Items
T•x•tlon
The charity is exempt from corporation lax on ils charitable activitie8.
Fund accounting
The charily currently hold5 only 9eneral purpose unrestricted funds. Unrestricted funds can be used in
accordance with the charitable obje¢lives at the discretion ol the Iruslees.
The Trustees have designated funding for the operation of Ihe AGC Sergeanls Mess and this is
presenlgd as a separate designated fund within these accounts.
Donatod services •nd fa¢llltl•8
Oonaled profession81 sèrvices and donated 18ci1ities afe recognised a5 income when the charity has
control over tho item, any Conditions associated with the donated item have been met, the ieGeipl of
economic benefit from the use by the charrty of the itern is probable and that economic benefit can be
measured reliably.
On receipt. donated professional services and donated facilities are recognised on the basis of the value
ol the gilt to the charity which is the amount the charity would have b&en willing to pay lo obtain services
or facilities ol equivalent èconomic benefit on the open market.. a corresponding amount is then
recognised In expenditure in the period ol fe¢eipl
Page 16
continued...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continu?d
FOR THE YEAR ENDED 31 DECEMBER 2020
DONATIONS AND LEGACIES
2020
2019
Regimental Subscriptions
Donations
Sergeanls Mess Subscripts'ons
Grants
Donated services and facilities
632,138
2,995
24,967
24,593
57.667
598.155
2.053
20.150
42,500
742.360
662.858
The Charity has a close working relationship with the Army and receives donated sèrvices froni Army
personnel who manage its operations. The estimated value of these services to the charity ha5 been
recognised In these financial statements.
The Charity is also provided with office lacililies within the Worthy Down Army Camp at no cost. No
Income is included in these financi81 stslemenls for Ihese donated facilities as it is not possible lo reliably
measure the value of these gifts.
Grants ￿Ceived, included in the above, consist of £6,000 of grants in respect of Sports Excel￿nce
Awards and £18.593 in respect of funding for the Triple Crown Challenge.
INVESTMENT INCOME
2020
2019
Dividends received
Deposit account inlerost
182,042
537
204,230
1,229
182,579
205,459
INCOME FROM CHARITABLE ACTIVITIES
2020
2019
Activity
Fostering EspTIt de Corps
Foslering Esprit de Corps
Holiday Home
Sale of Soldiers Accoutrements
17,950
2,439
25.254
2.611
20,389
27.865
Page 17
continued...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR THE YEAR ENOED 31 DECEM8ER 2020
RAISING FUNDS
Investment management ¢osts
2020
2019
Investment advice
Bank Charges
935
1.852
355
935
2,207
CHARITA8LE ACTIVITIES COSTS
Gfanl
funding of
a¢livilies
Isee note
81
Direct
Coslslsee
note 71
Support
cosls (see
r￿le 91
Totals
Fostering Espril de Corps
8enevolence & Welfare
Mainlaining Coniacl & Tr*Jilions
' Sports
197,770
10.625
28.010
10.625
65,050
70.432
14.336
14.338
14.336
14,336
277.156
95.395
42.346
128.150
103,189
247,030
238,671
57,346
543,047
DIRECT COSTS OF CHARITABLE ACTIVITIES
2020
2019
Staff costs
Other charilabk activities
F￿ld ol Remembrance
Funeral Tributes
Presenlalions
Soldiers A¢coulrernen
Sports Eycellence Awards
National Memori81 Arboretum
AGC Joijrnal
Trip* Crown
Adventure Training
Events & Recruiting
Overseas Evenis cosls
Holiday Home
AGC Oinner Nighis
Sergeanls Mess
Depreciation
42.500
328
130
2.874
1.446
72.981
42,500
317
1,727
8,379
8,256
136.855
6.256
7,830
5,219
58.389
1.682
10.335
1,885
29,300
9,702
12.421
26,878
14,053
10.014
7,275
2,199
30,4L
6.611
29.335
26.878
247.030
367,931
Page 18
continued...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020
GRANTS PAYABLE
2020
2019
Fostering Esprit de Corps
Benevolence & Werfare
Sports
65,050
70,432
103, 189
211,451
44,490
338,800
238,671
594.741
The total grants paid to instrtulions during Ihe year was as folk)ws'.
2020
2019
AGC Museum Trust
Army Benevolent Fund
37.5(Kl
25.000
62.500
SUPPORT COSTS
Governance
costs
Totals
Fostering Espfit de Corps
Benevolence & Weware
MaintainirvJ Contacl & Traditions
Sports
12.576
12,579
12,577
12.577
1.760
1,759
1.759
1,759
14.336
14,338
14,336
14,336
50,309
7,037
57,346
Support costs, induded in Ihe above, are as follows..
Other
Fostering
Esprit de
Corps
Maintsining
Contact &
Tradiuons
Benevolence
& Welfare
Regimental Clerk
Regimental Finan￿ manager
InsuranGe
Telèphone
Postage and stationery
Website costs
Other support costs
Office Costs
S(Jbscriptions
Travel Cosis
Depreciation of tangible fixed assets
Loss on disposal of assets
605
5.764
185
606
5.764
185
6C
5,764
131
132
132
27
26
769
t,008
769
1,347
1,972
769
1,009
769
1,347
1,972
1.009
1.346
1,973
12.576
12.579
12.577
Page 19
continued...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- eontinued
FOR THE YEAR ENDEO 31 DECEMBER 2020
SUPPORT COSTS - continu•d
Other- continued
2020
Total
aclivilies
2019
Toial
8CtivitK?s
Sports
Regimental Clerk
Regimental Finance manager
Insurance
Telephone
Postage and stalior
Website costs
Other support eosls
Office Costs
Subscriptions
Travel Costs
Depreciation of tsngible fixed assets
Loss on disposal ol asseis
2,423
23.056
738
9.413
16,222
153
1.315
1,421
69
92
5,288
4.123
403
5.112
9,730
5,764
132
527
26
769
105
3.075
4.034
3.075
5.387
7,889
769
1.347
1.972
12.577
50,309
53,341
Govtrnan¢• costs
Fosieiing
Esprit de
Mainlaining
Conlaci &
Traditions
Benevo￿nce
& Weware
Auditors. rgmunefalion
Auditors, remuneralion lor non audil work
Accountancy and legal lees
750
450
560
750
450
559
750
450
559
1,760
1,759
1,759
2020
Total
aclivili8s
2019
Total
acliviligs
Sports
Auditors, r8munefal
Au(Jiiors' remuneration lor n¢)n audit work
Accouniancy and legal lees
750
450
559
3.000
1.800
2,237
4.011
1,155
10,325
7.037
15,491
Page 20
continued...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2020
10. NET INCOMEIIEXPENDITUREI
Ne¢ inc(xnellexpendilurel is staled after chargingllrJe(Jitingl.'
2020
2019
Auditors. remuneration
Other non-audit services
Depreciation - owned assets
Deficit on disposal ol fixed assets
3,000
1,800
32,266
7,889
4.011
1,155
23.372
9,730
11. TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees. remuneration or other i￿nefft$ for ihe ypar en(1￿￿ 31 December 2020 noT for
the year ended 31 December 2019.
Trustees. expensès
Thece were no tru51ees' expenses paid for the Ye￿ end8d 31 t)e¢emt￿r 2020 nor for the year ended
31 Decembef 2019
12. STAFF COSTS
The charity has no employ*s and prowdes no employee benefits.
13. COMPARATIVES FOR ThE STATEMENT OF FINANCIAL ACTIVITIES
Unieslricied
funds
INCOME AND ENDOWMENTS FROM
Donalions an¢J kgacies
662,858
Charitable activities
Fostering Espnl de Corps
27,865
Investmeni income
205,459
Total
896,182
EXPENDITURE ON
Raising funds
2.207
Charitable activitie$
Fostering Esprit de Corps
Benevolence & Wemare
Maintaining Contact & Trad￿"on$
Sports
535,031
72,323
51,281
372.869
Total
1.033,711
Nel gains on Investments
272.656
NET INCOME
135.127
Page21
continued...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR TtrIE YEAR ENDED 31 DECEMBER 2020
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
lund5
RECONCILIATION OF FUNDS
Total funds brought forward
6,552.629
TOTAL FUNDS CARRIED FORWARD
6,687.756
14. TANGIBLE FIXED ASSETS
Fixtu￿S
and
fittings
COST
At 1 January 2020
Additions
Disposals
645.320
5.040
11,4981
Al 31 December 2020
638.862
DEPRECIATION
At 1 January 2020
Charge lor year
Eliminated on disposal
99,990
32,266
3,6091
Al 31 December 2020
128.647
NET BOOK VALUE
Al 31 December 2020
510,215
At 31 De¢embef 2019
$45,330
15. FIXED ASSET INVESTMENTS
Listed
investrnents
MARKET VALUE
Al 1 January 2020
Addition5
Revaluations
5.750.356
196.128
208,574
At 31 De¢embef 2020
6,155.058
NET BOOK VALUE
At 31 December 2020
6,155.058
At 31 December 2019
5,750,356
There were no inveslment assels outsKJe the UK.
Investments consist solèly of investsnents held in unit trusts Of olher collective investment schemes.
Page 22
ItInL￿d...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2020
16. STOCKS
2020
2019
Stocks
6,343
18.896
17. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
2019
Pr8payrnenls and aCen￿ income
122.227
70.713
18. CASH AT BANK AND IN HAND
2020
Total
funds
2019
Total
funds
General
lund
Sergeants.
Mess
Cash In hand
Bank Cufrent 8ccovnt
Bank deposit account
275.077
204.827
47,901
322.978
204.827
132.463
204.290
Total
479,905
47.901
527,8(
337,41
Cash al bank and in hand is a financial assel measured at amortised cost.
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
2019
Accruals and deferred income
23,973
34.939
Deferred income. included in ihe above. relates io SL*)suptits)s collected by the AGC Asstxialion on
behall of the AGC HQ Olf￿1$ Mess. which Pohd over after the yearond..
2020
Al 1 January 2020
Collected on behalf of the Mo
P81¢J over to the Mess
Al 31 Decemt*r 2020
5.365
60.121
173
11,313
MOVEMENT IN FUNDS
Net
movement
in lunds
Translefs
tse￿een
funds
At
31.12.20
A11.1.20
Unrnstrlcted lund•
General lund
Sergeants, Mess
6.640.027
47.729
614,288
4.368)
7,254.315
43.361
6,687.756
609.920
7 297,676
TOTAL FUNDS
6.687.756
609.920
7.297.676
Pa9e 23
continued...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - coDtinu¢d
FOR THE YEAR ENDED 31 DECEMBER 2020
20.
MOVEMENT IN FUNDS- continued
Net movement in fund5. irKI￿led in the aly)ve as follovts..
Incoming
resour￿$
Resources
expended
Gabns arKI
losses
Movement
in funds
Unrestricted fund$
General fund
Sergeants, Mess
920.361
24.967
1514.6471
29.3351
208.574
614,288
4.3681
945.328
543.9821
208.574
609.920
TOTAL FUNDS
945.328
543.9821
208.574
6C19.920
The Sergeants. Mess furKI is a designated fuNI vthich tra￿$ income and expenditure in relation lo Ihe
AGC HQ Warrant oificers. and Sergeants. Mess.
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
Al
31.1219
At 1.1.19
Unrestricted funds
General fund
Sergeants, Mess
6.552.629
127,398
7.729
140.0001 6.640,027
40.000
47,729
6,552,629
135,127
6,687.756
TOTAL FUNDS
6.552.629
135,127
6,687.756
Comp8rative net movement in funds. inclLbJed in Ihe atrM)ve are as follows".
IncomirwJ
Resources
resou￿￿ expended
Gains and
k)sses
Movement
in ILnds
Unrèstricted funds
General fund
Sergeants. Mess
876,032
20.150
11.021.290)
12.4211
272.656
127,3
7,729
.182
1,033.711
272.656
135.127
TOTAL FUNDS
896.182
1,033,711)
272.656
135.127
Page 24
c0ntlnL￿d...

THE ADJUTANT GENERAL'S CORPS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - ¢ontinu
FOR THE YEAR ENDED 31 DECEMBER 2020
21. RELATED PARTY DISCLOSURES
Whilst the charity has a dose working relationship wth the Army, there a￿ no transactions wth the
Army which require disdosure undei SORP FRS102. The only transactions m&Je in favour of the Mess
are wholly atlribulable io the charitable acIN1t￿ of fvfthering military efficiency. The Chairman, who
acts'as Managing Trustee, is a serving Of￿ arKI fuffils Ihe r(Ae as Trvslee in accordance with the
pplICab￿ laws and regulatior￿.
Dt5ring the year ended 31 December 2021 the charty pahl grants lotalling £37,500 to the AGC Museum
Trust and made conlributions of £6.611 to events organised by the AGC HQ Officers Mess.
The Adjutant Generafs Corps AsswAtion. the AGC HQ Offi¢%fs Mess and the AGC Museum Trust
have some tru51ees in common and all of these charities share the object of promoting the efficiency ol
the Adjutant General's Corp5.
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THE ADJUTANT GENERAL'S CORPS ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
2020
2019
INCOME AND ENDOWMENTS
Donations and lega¢ies
Regimental Subscriptions
Donations
Sergeants Mess Subscriptions
Grants
Donated ServI￿S an¢J facilities
632.138
2.995
24.967
24,593
57,667
598.155
2.053
20,150
42,5
742,360
662,858
Inv¢$tm8nt income
Dividends received
Deposit account Inleresl
182.042
537
204.230
1.229
182.579
205.459
Charitabl• activitie5
Holiday Home
Sale ol Soldiers Accoutrements
17,950
2,439
25.254
2.611
20.389
27.865
Totsl incoming resources
945.328
8%.182
EXPENDITURE
Investment m•nag•ment costs
Investment advice
Bank Charges
935
1,852
355
935
2,207
Charitabl8 activitie5
Donaied serVi￿S
Other Charitab￿ aclivrties
Field of Remembrance
Funeral Tributes
Presenlations
Soldiers Accoutremenls
Sports Ex￿llenCe Awards
National Memorial Arboretum
AGC Journal
Triple Crown
Adventure Tiaining
Events & Recruiling
Overseas Events costs
Carried forward
42,5(rf)
328
130
2,874
1,446
72,981
42,S(M)
317
1.727
8.379
8,256
136.855
6.256
7.830
5.219
58,389
1,682
10.335
1,885
289,630
14,053
10,014
7,275
2.199
153.8C
This page dces not Ic￿M part of the slaluw financ￿1 statements
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THE ADJUTANT GENERAL'S CORPS ASSOCIATION
OETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
2020
2019
Charitable actlvltles
Brought forward
Holiday Home
AGC Dinner Nights
Sergeants Mess
Fixtures and fittings
Grants to Institutions
Grant5 to individuals
153,800
30,406
6,611
29.335
26,878
62.500
176.171
289,630
29,300
9,702
12,421
26,878
594,741
485,701
962.672
Support ¢o$ts
Other
Règimental Clerk
Regimental Finance manager
Insurance
Telephone
Postage and stationery
Website costs
Other support COSts
Office Costs
Subscriptions
Travel Costs
Fixluies an(1 fillings
Loss on disposal of assets
2.423
23.056
738
9,413
153
1,315
1,421
69
92
5.288
4,123
403
5,112
9,730
527
105
3,075
4,034
3,075
5,387
7,889
50,309
53,341
Governance costs
Auditors, remuneration
Auditors, remuneration lor non audit work
Accountancy and legal fees
3.000
1.800
2.237
4,011
1.155
10.325
7.037
15,491
Total resources expended
543,982
1,033.711
Net incomellexpenditur•l
401,346
137,5291
This page does not form part of the stalulory financial slalemenls
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