29 January 2026
| 2025 | 2024 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| &totalfunds | &totalfunds | |
| Notes£ | £ | |
| INCOMEANDENDOWMENTSFROM | ||
| Donationsandlegacies | 2794,684 | 769,703 |
| Charitableactivities | ||
| FosteringEspritdeCorps | 43,808 | 36,257 |
| Investmentincome | 3173,977 | 197,089 |
| Total | 1,012,469 | 1,003,049 |
| EXPENDITUREON | ||
| Raisingfunds | 50 | 0 |
| Charitableactivities | ||
| FosteringEspritdeCorps | 364,634 | 453,768 |
| Benevolence&Welfare | 228,694 | 221,643 |
| MaintainingContact&Traditions | 54,616 | 49,209 |
| Sports | 249,366 | 342,306 |
| Total | 897,310 | 1,066,926 |
| Net(loss)gainsoninvestments | (153,182) | 278,587 |
| NET(EXPENDITURE)INCOME | (38,023) | 214,710 |
| Gainonrevaluationoffixedassets | 25,890 | - |
| Netmovementinfunds | ||
| (12133' | 214710 | |
| RECONCILIATIONOFFUNDS | ||
| Totalfundsbroughtforward7,547,9227,333,212 | ||
| TOTALFUNDSCARRIEDFORWARD7,535,7897,547,922 |
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| &totalfunds | &totalfunds | ||
| Notes | £ | £ | |
| FIXEDASSETS | |||
| Tangibleassets | 14 | 429,383 | 444,417 |
| HeritageAssets | 15 | 493,064 | 472,030 |
| Investments | 16 | 5,999,582 | 6,002,644 |
| 6,922,029 | 6,919,091 | ||
| CURRENTASSETS | |||
| Stocks | 17 | 958 | 1,924 |
| Debtors | 18 | 154,999 | 169,900 |
| Cashatbankandinhand | 19 | 503,612 | 524,926 |
| 659,569 | 696,750 | ||
| CREDITORS | |||
| Amountsfallingduewithinoneyear | 20 | (45809) | (67,919) |
| NETCURRENTASSETS | 613,760 | 628,831 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 7;535,7897,547,922 | ||
| NETASSETS | 7.535.7897,547.922 | ||
| FUNDS | 21 | ||
| Unrestrictedfunds | 7,535,7897,547,922 | ||
| TOTALFUNDS | 7.535.7897.547.922 |
| 1.RECONCILIATION OFNETINCOMETONETCA ACTIVITIES |
SHFLOWFR | OMOPERATING | |
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Net(expenditure)incomeforthereportingperiod(as | perthe | ||
| StatementofFinancialActivities) | (38,023) | 214,710 | |
| Adjustmentsfor: | |||
| Depreciationcharges | 18,713 | 24,657 | |
| Loss/(Gain)oninvestments | 153,182 | (278,587) | |
| Lossondisposaloffixedassets | 2,165 | 0 | |
| Interestreceived | (22,980) | (19,951) | |
| Decrease/(increase)instocks | 966 | (151) | |
| (Increase)/decreaseindebtors | 14,901 | 76,247 | |
| (Decrease)/increaseincreditors | (22,110 | 29.253 | |
| Netcashprovidedby/(usedin)operations | 106,814 | 46.178 | |
| 2.ANALYSISOFCHANGES INNETFUNDS | |||
| At | At | ||
| 1.4.24 | CashFlow | 31.03.25 | |
| £ | £ | £ | |
| Netcash | |||
| Cashatbankand inhand | 524,926 | (21,314) | 503,612 |
| CHARITABLEACTIVITIESCOSTS | |||
|---|---|---|---|
| GrantfundingofSupportCosts | |||
| DirectCostsActivities(seeNote9) | |||
| (seeNote7)(seeNote8)£ | Totals | ||
| ££ | £ | ||
| FosteringEspritdeCorps | 171,500 | 164,01529,119 | 364,634 |
| Benevolence&Welfare | 8,750 | 190,82529,119 | 228,694 |
| MaintainingContact&Traditions | 25,497 | -29,119 | 54,616 |
| Sports | 8,750 | 211,49829,118 | 249,366 |
| 214.497 | 566338116.475 | 897.310 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Staffcosts | 35,000 | 35,000 |
| ContinuousProfessional&PersonalDevelopment (CPPD)Costs | 22,610 | 10,949 |
| FieldofRemembrance | 357 | 921 |
| FuneralTributes | 1,427 | 1,232 |
| Presentations | 221 | 349 |
| SoldiersAccoutrements | 18,778 | 79,891 |
| AGC30thAnniversary | 2,648 | |
| SPS&DCPAwardCeremonies | 1,836 | 890 |
| MPGSAnniversary | 0 | 0 |
| WinchesterCarolService | 0 | 0 |
| Freedom ParadeofWinchester | 0 | 0 |
| ElthamPalaceEvent | 0 | 6,000 |
| Provost2022Anniversary | 0 | 0 |
| NationalMemorialArboretum | 5,230 | 6,176 |
| AGCJournal | 9,733 | 7,664 |
| TripleCrown | 29,277 | 29,066 |
| Events&Recruiting | 27,353 | 21,835 |
| OverseasEventscosts&SundryCosts | 0 | 0 |
| HolidayHome | 39,828 | 46,633 |
| AGCDinnerNights &Corpsengagement | 1,165 | 2,314 |
| SergeantsMess | 21,682 | 16,673 |
| Depreciation | 0 | 6,097 |
| ALS75thAnniversary | 0 | 34,537 |
| 214.497 | 308.875 |
| 8.GRANTSPAYABLE | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| FosteringEspritdeCorps | 164,015 | 162,671 |
| Benevolence&Welfare | 190,825 | 188,428 |
| Sports | 211,498 | 309,090 |
| 566.338 | 660.189 | |
| Thetotal grantspaidtoinstitutions duringthe yearwasasfollows: | ||
| 2025 | 2024 | |
| £ | £ | |
| AGCMuseumTrust | 30,000 | 35,000 |
| RMPMuseum | 15,000 | 16,349 |
| ArmyBenevolentFund | 30,000 | 40,000 |
| 75.00091.349 |
| 9.SUPPORTCOSTS | |||
|---|---|---|---|
| Governance | |||
| Other | Costs | Totals | |
| £ | £ | £ | |
| FosteringEspritdeCorps | 27,723 | 1,396 | 29,119 |
| Benevolence&Welfare | 27,723 | 1,396 | 29,119 |
| Maintaining Contact&Traditions | 27,723 | 1,396 | 29,119 |
| Sports | 27,721 | 1,397 | 29,118 |
| 110.890 | 5,585 | 116,475 |
Other |
, | |||||
|---|---|---|---|---|---|---|
| _________ | Fostering | Benevolence | Maintaining | Sports | 2025 | 2024 |
| _________ | EspritDe | &Welfare | Contact& | _ | Total | Total |
| _______ | Corps | _______ | Traditions | __ | Activities | Activities |
| Regimental Financemanager | 9,939 | 9,939 | 9,938 | 9,938 | 39,754 | 37,570 |
| CommunicationsManager | 8,679 | 8,679 | 8,680 | 8,679 | 34,717 | 16,999 |
| Insurance | 665 | 665 | 665 | 665 | 2,660 | 2,923 |
| Telephone,internet&Website | 1,206 | 1,207 | 1,207 | 1,206 | 4,826 | 443 |
| Postage andstationery | 200 | 200 | 200 | 200 | 800 | 720 |
| Computer and softwarecosts | 71 | 70 | 71 | 70 | 282 | 213 |
| OfficeCosts | 361 | 361 | 361 | 361 | 1,444 | 1,176 |
| Subscriptions | 296 | 296 | 295 | 295 | 1,182 | 3,322 |
| TravelCosts | 5 | 4 | 4 | 4 | 17 | 135 |
| Depnoffixtures&fittings | 4,679 | 4,678 | 4,678 | 4,678 | 18,713 | 18,560 |
| Loss ondisposalofproperty | 541 | 542 | 541 | 542 | 2,166 | 0 |
| Donations&Normandy80th | ||||||
| Anniversary | 175 | 175 | 175 | 175 | 700 | 0 |
| PremisesExpenses | 571 | 571 | 572 | 571 | 2,285 | 2,050 |
| HeritageCosts | 34 | 35 | 35 | 35 | 139 | 317 |
| ChangeinCypherCosts | 76 | 76 | 76 | 77 | 305 | 2,010 |
| GoldenOrbExpenses | 0 | 0 | 0 | 0 | 0 | 894 |
| RMPMembershipfees | 0 | 0 | 0 | 0 | 0 | 3,205 |
| DigitalPlatformFee | 225 | 225 | 225 | 225 | 900 | 3,740 | |
|---|---|---|---|---|---|---|---|
| 27,723 | 27,723 | 27,723 | 27,721 | 110,890 | 94,277 | ||
| GovernanceCosts | |||||||
| Fostering | Benevolence | Maintaining | Sports | 2025 | 2024 | ||
| Espritde | &Welfare | Contact& | Total | Total | |||
| Corps | Traditions | Activities | Activities | ||||
| " | £ | £ | £ | £ | £ | £ | |
| Auditors'remuneration | 1,250 | 1,250 | 1,250 | 1,250 | 5,000 | 3,000 | |
| "Auditors' remunerationfornon-audit | - | - | - | - | - | - | |
| work | |||||||
| Accountancyandlegalfees | 146 | 146 | 146 | 147 | 585 | 585 | |
| 1,396 | 1.396 | 1,396 | 1.397 | 5.585 | 3.585 |
| Unrestricted | |
|---|---|
| Funds | |
| £ | |
| INCOMEANDENDOWMENTSFROM | |
| Donationsandlegacies | 769,703 |
| Charitableactivities | |
| FosteringEspritdeCorps | 36,257 |
| Investmentincome | 197,089 |
| Total | 1,003,049 |
| EXPENDITUREON | |
| Raisingfunds | 0 |
| Charitableactivities | |
| FosteringEspritdeCorps | 453,768 |
| Benevolence&Welfare | 221,643 |
| Maintaining Contact&Traditions | 49,209 |
| Sports | 342,306 |
| Total | 1,066,926 |
| Netgainsoninvestments | 278,587 |
| NETINCOME | 214,710 |
| RECONCILIATIONOFFUNDS | |
| Totalfundsbroughtforward | 7,333,212 |
| TOTALFUNDSCARRIEDFORWARD | 7,547922 |
| 14.TANGIBLEFIXEDASSETS | |
| Fixturesand | |
| fittings | |
| £ | |
| COST | |
| At1April2024 | 662,779 |
| Additions | 988 |
| Disposals | (6,258) |
| Revaluation | 0 |
| At31March2025 | 657,509 |
| DEPRECIATION | |
| At1April2024 | 218,362 |
| Chargeforperiod | 16,023 |
| Eliminated ondisposal | (6,259) |
| At 31March2025 | 228,126 |
| NET BOOKVALUE | |
| At31March2025 | 429,383 |
| At 31March2024 | 444,417 |
| HERITAGEASSETS | |
|---|---|
| COST | £ |
| At1StApril2024 | 483,087 |
| Additions | 0 |
| Disposals | (2,165) |
| Revaluation | 25,890 |
| 506.812 | |
| DEPRECIATION | |
| At15tApril2024 | 11,057 |
| Chargeinyear | 2,690 |
| Writtenoffondisposals | 0 |
| "KL1 | |
| At31March2025 | 493064 |
| At31March2024 | 472.030 |
| UMMARYAN | ALY | SISOFHERI | TAGEASSET | S | ||
|---|---|---|---|---|---|---|
| 2025 | 2024 | 2023 | 2022 | 2021 | ||
| Additions | . | 8,400 | 353,986 | 50,278 | 4,406 | |
| Disposals | (2,165) | |||||
| Revaluations | 25,891 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| Investments | |
| £ | |
| MARKETVALUE | |
| At1April2024 | 6,002,644 |
| Additions | 150,120 |
| Disposals | |
| Revaluations | (153,182) |
| At31March2025 | 5,999,582 |
| NETBOOKVALUE | |
| At31March2025 | 5,999,582 |
| At 31March2024 | 6,002,644 |
| TOCKS | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Stocks | 1.924 |
| 19.CASHATBANK ANDIN | HAND | ||||
|---|---|---|---|---|---|
| General | Sergeants' | 2025 | 2024 | ||
| Fund | Mess | TotalFunds | TotalFunds | ||
| £ | £ | ||||
| Cashinhand | 1,127 | - | 1,127 | 1,206 | |
| Bankcurrentaccount | 9,554 | - | 9,554 | 55,871 | |
| Bankdepositaccount | 450,380 | 42,551 | 492,931 | 467,849 | |
| Total | 461.061 | 42551 | 503.612 | 524.926 |
| 21.MOVEMENT INFUNDS | ||||
|---|---|---|---|---|
| At | Netmovement | Transfers |
At | |
| 1.4.24 | infunds | betweenfunds | 31.03.25 | |
| £ | £ | £ | £ | |
| Unrestrictedfunds | ||||
| Generalfund | 7,472,219 | (44,871) | 7,427,348 | |
| Sergeants'Mess | 75,703 | 6,848 | 82,551 | |
| TOTALFUNDS | 7.547.922 | (38.023) | 7,5099 |
| Netmovementinfunds,includedintheab | ove areasfollows: | |
|---|---|---|
| Incoming Resources Gainsand |
Movement |
|
| Resources Expended Losses |
infunds | |
| £ £ £ |
£ | |
| Unrestrictedfunds | ||
| Generalfund | 983,939(875,628)(153,182)(44,871) | |
| Sergeants'Mess28,530(21,682) | =6,848 | |
| TOTALFUNDS | 1.012,469(897.310)(153.182)(38.023) |
| Incoming | ResourcesGainsand | Movementin | |
|---|---|---|---|
| resources | expendedLosses | funds | |
| £ | ££ | £ | |
| Unrestrictedfunds | |||
| Generalfund | 975,254 | (1,050,253)278,587 | 203,588 |
| Sergeants'Mess | 27,795 | (16,673)= | 11,122 |
| TOTALFUNDS | 1,003,049 | (1.066.926)278.587 | 214.710 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOMEANDENDOWMENTS | ||
| Donations andlegacies | ||
| RegimentalSubscriptions | 678,170 | 60,694 |
| Donations | 7,984 | 1,214 |
| Sergeants MessSubscriptions | 28,530 | 27,795 |
| Grants | 45,000 | 45,000 |
| Donatedservicesandfacilities | 35,000 | 35,000 |
| 794,684 | 769,703 | |
| Investmentincome | ||
| Dividendsreceived | 150,997177,138 | |
| Depositaccountinterest | 22,98019,951 | |
| 173,977197,089 | ||
| Charitableactivities | ||
| HolidayHome | 35,78634,555 | |
| Sale of SoldiersAccoutrements2,0231,702 | ||
| SundryIncome | 5,9990 | |
| 43,80836,257 | ||
| Totalincomingresources | 1,0124691003,049 | |
| EXPENDITURE | ||
| Investmentmanagementcosts | ||
| Investmentadvice00 | ||
| Charitableactivities | ||
| Donatedservices | 35,000 | 35,000 |
| ContinuousProfessional&Personal Development(CPPD)Costs | 22,610 | 10,949 |
| FieldofRemembrance | 357 | 921 |
| FuneralTributes | 1,427 | 1,232 |
| Presentations | 221 | 349 |
| SoldiersAccoutrements | 18,778 | 79,891 |
| AGC30thAnniversary | - | 2,648 |
| SPS&DCPAwardCeremonies | 1,836 | 890 |
| MPGSAnniversary | - | 0 |
| Winchester CarolService | -. | 0 |
| FreedomParadeofWinchester | - | 0 |
| ElthamPalaceEvent | - | 6,000 |
| NationalMemorialArboretum | 5,230 | 6,176 |
| AGCJournal | 9,733 | 7,664 |
| TripleCrown | 29,277 | 29,066 |
| Provost 2022Anniversary | - | 0 |
| Events&Recruiting | 27,353 | 21,835 |
| OverseasEvents costs&SundryCosts | Q | |
| ALS75thAnniversary | 34,537 | |
| Carriedforward | 151,822 | 237,158 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Charitableactivities | ||
| Broughtforward | 151,822237,158 | |
| HolidayHome | 39,828 | 46,633 |
| AGCDinnerNights &CorpsEngagement | 1,165 | 2,314 |
| SergeantsMess | 21,682 | 16,673 |
| Fixturesandfittings | - | 6,097 |
| Grantstoinstitutions | 75,000 | 91,349 |
| Grantstoindividuals | 491,338 | 568,840 |
| 780,835 | 969,064 | |
| Supportcosts | ||
| RegimentalFinancemanager | 39,754 | 37,570 |
| CommunicationsManager | 34,717 | 16,999 |
| Insurance | 2,660 | 2,923 |
| Telephone,internet&website | 4,826 | 443 |
| Postageandstationery | 800 | 720 |
| Loss ondisposalofproperty | 2,166 | 0 |
| Computerand softwarecosts | 282 | 213 |
| OfficeCosts | 1,444 | 1,176 |
| Subscriptions | 1,182 | 3,322 |
| TravelCosts | 17 | 135 |
| Normandy80thAnniversary | 580 | 0 |
| Premisesexpenses | 2,285 | 2,050 |
| Heritagecosts | 139 | 317 |
| ChangeofCyphercosts | 305 | 2,010 |
| RMPmembershipfees | - | 3,205 |
| Digitalplatformfees | 900 | 3,740 |
| Fixturesandfittings | 18,713 | 18,560 |
| Donation | 120 | 0 |
| GoldenOrbexpenses | - | 894 |
| 110.890 | 94.277 | |
| Governancecosts | ||
| Auditors'remuneration | 5,000 | 3,000 |
| Accountancyandlegalfees | 585 | 585 |
| 5,585 | 3,585 | |
| Total resourcesexpended | 897,310 | 1,066,926 |
| Net(expenditure)income | 115.159 | (63.877) |