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2023-09-30-accounts

Inns of Court and City Yeomanry Trust

Trustees Annual Report for the year to 30 September 2023

Address: 10 Stone Buildings, Lincolns Inn, London WC2A 3TH

Charity Commission number: 1190829

Trustees: Lt Col. V Sheriff, B Corfield, Lt Col. E Marshall, Lt Col. S McMenemy, Col. N R Pullman, P H Reeve, A Tear

Structure and management: CIO with formal bi-annual trustees meetings and further ad hoc meetings as and when required.

Activities and objectives: 1. The promotion of the efficiency of the Armed Forces of the Crown, with specific emphasis on the Inns of Court and City Yeomanry; 2. The relief of those in need, with specific emphasis on those who have or have had a connection with the Inns of Court and City Yeomanry; and 3. The advancement of the education of the public in relation to the Armed Forces of the Crown.

Achievements and performance over the year: Income mainly consisted of dividend income, with donations, including a legacy from the late former Commanding Officer, Major A Benbow. Expenditure was principally on benefactions for current and former soldiers and their associates, the furtherance of the Regimental community including commemoration of the fallen and purchases for the Regimental Museum

Income and Expenditure and statement of Financial Resources

For the year to 30 September 2023

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Inns of Court and City Yeomanry Trust

Trustees Annual Report and Accounts

For the year to 30 September 2023

1. Income and Expenditure
Income
Donations
Investment income
Total
Expenditure
Grants
Other
Total
Realised and unrealised gains / (losses)
on investment portfolio
Net result for the year
2. Financial Resources
Investment portfolio
Cash at bank
Total Financial Resources
2022
£648
£19,022
£19,670
-£6,212
-£1,099
-£7,311
-£80,869
-£68,510
£606,182
£50,906
£657,088
2023
£1,470
£22,667
£24,137
-£8,662
-£4,591
-£13,253
£9,803
£20,687
£615,985
£61,652
£677,637

Approved by the Trustees - 5 October 2023