ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2025
AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1192655
Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal and Administrative Information |
|---|---|
| Pages 4 to 5 | Trustees' Report |
| Page 6 | Statement of Financial Activities |
| Page 7 | Balance Sheet |
| Pages 8 to 12 | Notes to the Financial Statements |
| Page 13 | Independent Examiner's Report |
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AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1192655 DATE OF REGISTRATION 4th December 2020 START OF FINANCIAL YEAR 2nd April 2024 END OF FINANCIAL YEAR 1st April 2025 TRUSTEES AT 1ST APRIL 2025 Capt Lewis Johnson RHA Michael Hill Connor Eagle Keith Fisher Michael Brown (Appointed 16th April 2024) Mike Sharp (Appointed 26th September 2024) Sibusiso Sithole (Appointed 26th September 2024) LEGAL STATUS Charitable Incorporated Organisation
GOVERNING INSTRUMENT CIO - Foundation Registered 4th December 2020
OBJECTS
A . The object of the Charity are: 1 ) To promote the efficiency of 7th Parachute Regiment Royal Horse Artillery, by: a Fostering Esprit De Corps, comradeship, morale and the welfare of the Regiment and preserving its traditions. b ) Maintaining comradeship and harnessing and connecting with the past and present members of the Regiment, fostering mutual friendship between them and providing a common focus for Charitable events. 2 . a ) To relieve, either generally or individually, past and present members of the Regiment and their dependants, who are in condition of need, hardship or distress. b ) The Board may relive persons in need under clause 2.a. above 3 ) by: a ) Making grants of money or b ) providing or paying for goods, services or facilities for them or c ) Making grants of money to other persons or bodies who provide goods, services or facilities to those in need.
CORRESPONDENCE ADDRESS
Merville Barracks 7 Para RHA Circular Road South Colchester CO2 7UT
PRIMARY BANKERS
INDEPENDENT EXAMINERS
National Westminster Bank Plc 250 Bishopgate London EC2M 4AA Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
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AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
TRUSTEES' REPORT
FOR THE YEAR ENDED 1ST APRIL 2025
Structure, Governance and Management
Trustees are provided with the Charity Commission documentation on the roles and responsibilities of Trustees, Previous Meeting minutes, the financial state of the fund, the Constitution and Objects of the CIO and Conflict of Interests Guidelines.
Trustees are also provided with an induction pack and asked annually to confirm they have refreshed their knowledge of the Charity Commission/Gov.UK documents, this is acknowledged within the minuets of the preceding Trustee meeting.
The CIO structure is set out in Standard Operating Procedures and published on the local network. A committee of 7 Trustees evaluate approve/deny for charity proposals, initiatives and projects, particularly those using Charity funds.
The Airborne Gunner Trust works alongside military and civilian charities as required.
Policies are reviewed and updated annually.
Objectives and Activities
To promote the efficiency of 7[th] Parachute Regiment Royal Horse Artillery, by:
a . Fostering esprit de corps, comradeship, morale and the welfare of the regiment and preserving its traditions.
b . Maintaining comradeship by harnessing and connecting with the past and present members of the Regiment, fostering mutual friendship between them and providing a common focus for Charitable events.
c . To relieve, either generally or individually, past and present members of the Regiment and their dependants, who are in conditions of need, hardship or distress.
The Board may relieve persons in need under clause 3.a. (2) above by:
1 . Making grants of money, or
2 . Providing or paying for goods, services or facilities for them, or
3 . Making grants of money to other persons or bodies who provide goods, services or facilities to those in need.
The Airborne Gunner Trust promotes the Efficiency of 7[th] Parachute Regiment Royal Horse Artillery (7 Para RHA) and provides prompt active support for serving members and veterans and their families.
Achievements and Performance
The Airborne Gunner Trust has supported the soldiers, veterans and their families throughout the financial year 2023/24, through the granting of funds for welfare and for the maintenance of morale and wellbeing of members both past and present.
Financial Review
As the Charity matures, we aim to maintain a stable and consistent liquidity whilst remaining under constant review to identify any risks at the earliest opportunity. The Trustees are to ensure the funds are such that it can continue to carry out its purpose of prompt assistance when required.
The Charity has raised money throughout this period through internal personal contributions, and internal and external charity fund raising events.
The Airborne Gunner Trust has also financial contributions through our veteran community and received funds .
A majority of donations are subject to Gift Aid.
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AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST APRIL 2025
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Charitable Activities 3b Investment Income 3c TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024/25 2023/24 £ £ £ £ 8,526 - 8,526 6,320 - - - 3,584 - - - - 8,526 - 8,526 9,903 4,657 - 4,657 6,504 900 - 900 840 5,557 - 5,557 7,344 2,969 - 2,969 2,559 47,305 - 47,305 44,746 50,274 - 50,274 47,305 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 12 form part of these financial statements.
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AIRBORNE GUNNER TRUST chanIab IrKorkwJralwJ Orgarwtty7} BALANCE SHEET ASAT 1ST APRIL 2025 TOYAL 01.Apr-24 FLJ8 Q1.W.2S Flx•d Au•t• T•rffjit48 Asel¥ Invtsknenl¥ Total Flx•dAM Deut5 & pFepByTr Cash at Bank and In Totsl ¢urr•ntA•M 51.174 S1.174 51.174 51.174 48.145 46,145 Cr•dltorn'. Afflrth r#j ¢ NETCURREpifASSETS 9).274 SO,274 47,305 TOTALASSETS kn¥wr•rt SQ274 50.274 47,305 10 NET AsseT$ 50.274 50.274 47.305 Fundi ofth•¢h•rtty General Funds 47.5 Totsl Funds 50.274 50,274 47,3Q5
AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1ST APRIL 2025
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services have been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 1ST APRIL 2025
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Unrestricted Funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted Funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated Funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Reducing Balance Basis
2. TANGIBLE FIXED ASSETS
The CIO held no fixed assets during this or the previous financial year.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 1st April 2025 : None 1st April 2024 : None
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AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 1ST APRIL 2025
3. INCOMING RESOURCES
| Note a) Donations, Grants & Legacies Gifts & Donations b) Charitable Activities Activities & Events c) Investment Income Interest 4. RESOURCES EXPENDED a) Cost of Charitable Activities Activities & Events Gifts & Grants Office Costs Sundry Expenses Travel & Subsistence b) Governance Costs Independent Examiners Fees 9 |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024/25 2023/24 £ £ £ £ 8,526 - 8,526 6,320 8,526 - 8,526 6,320 - - - 3,584 - - - 3,584 - - - - - - - - Unrestricted Restricted TOTAL TOTAL Funds Funds 2024/25 2023/24 £ £ £ £ 2,110 - 2,110 2,200 2,210 - 2,210 716 26 - 26 - 153 - 153 389 158 - 158 3,200 4,657 - 4,657 6,504 900 - 900 840 900 - 900 840 |
|---|---|
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AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 1ST APRIL 2025
5. RESTRICTED FUNDS
The CIO held no Restricted Funds during this or the previous financial year.
6. INVESTMENTS
The CIO held no fixed assets investments during this or the previous financial year.
7. CASH AT BANK AND IN HAND
| Unrestricted | Restricted | TOTAL TOTAL |
|
|---|---|---|---|
| Fund | Fund | 01-Apr-25 01-Apr-24 |
|
| £ | £ | £ £ |
|
| Cash at Bank & in Hand | 51,174 | - 51,174 48,145 |
|
| 51,174 | - 51,174 48,145 |
||
| 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Fund £ - |
Restricted Fund £ |
TOTAL TOTAL 01-Apr-25 01-Apr-24 £ £ - - - |
| - | - - - |
||
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Independent Examiners Fees |
Unrestricted Fund £ 900 |
Restricted Fund £ |
TOTAL TOTAL 01-Apr-25 01-Apr-24 £ £ - 900 840 |
| 900 | - 900 840 |
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial year.
11. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted TOTAL TOTAL Funds Funds 01-Apr-25 01-Apr-24 £ £ £ £ - - - - 50,274 - 50,274 47,305 - - - - 50,274 - 50,274 47,305 |
|---|---|
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AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 1ST APRIL 2025
12. STAFF COSTS AND NUMBERS
The Charity employed no members of staff during this or the previous financial year.
13. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
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AIRBORNE GUNNER TRUST
(Charitable Incorporated Organisation)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of the Airborne Gunner Trust on the accounts for the year ended 1st April 2025 set out on pages 6 to 12.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date: 9th January 2026
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