2025-03-31-accounts

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)