## 



## 



## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 




## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 




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<br>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|



|<br>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|<br>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<br>Resources<br>Gainsand|<br>Movement|
||Resources<br>Expended<br>Losses|infunds|
||£<br>£<br>£|£|
|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)|