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2022-12-31-accounts
| Trustees |
Major General Christopher John Ghika CBE |
|
Lieutenant Colonel James Aldridge MBE |
|
Captain M D'A S Corbett |
|
Captain A G R Windham CVO |
|
Major Robin McNeil Boyd |
|
Captain T A Olsen |
|
HA F Parshall Esq |
| Principal address |
Regimental Headquarters |
|
Irish Guards |
|
Wellington Barracks |
|
Birdcage Walk |
|
London |
|
SWIE 6HQ |
| Auditors |
Myrus Smith |
|
CharteredAccountants |
|
Norman House |
|
8 Burnell Road |
|
Sutton |
|
Surry |
|
SMI4BW |
| Bankers |
Lloyds Bank Plc |
|
Coxs & Kings Branch |
|
London |
|
SWIY 5NA |
| Investment Advisors |
Evelyn Investment Management LLP |
|
45 Gresham Street |
|
London |
|
EC2V 7BG |
|
Advisors |
| Contents |
Pages |
| Trustees' report |
4-9 |
| Auditor's report |
10-13 |
| Statement of financial activities |
14 |
| Balance Sheet |
15 |
| Statement of cash flows |
16 |
| Notes to the accounts |
17-23 |
|
Note |
2022 |
2021 |
| Income |
|
|
|
| Donations and legacies |
2 |
753,499 |
|
| Fundraising |
|
73,449 |
|
| Investment income |
3 |
123,301 |
|
| Total |
|
950,249 |
5,485,032 |
| Expenditure |
|
|
|
| Fundraising expenditure |
|
12,367 |
|
| Charitableactivities |
|
290,179 |
|
| Investment managementfees |
|
29,428 |
|
| Support Costs |
|
103,578 |
|
| Total expenditure |
6 |
435,552 |
|
| Net income before |
|
|
|
| investment gains |
|
514,697 |
5,485,032 |
| Net gains/(losses) on |
|
(605,608) |
|
| investments |
|
|
|
| Net movement in funds |
|
(90,911) |
5,485,032 |
| Reconciliation offunds: |
|
|
|
| Totalfunds brought |
|
5,485,032 |
|
| forward |
|
|
|
| Total funds carried |
|
|
|
| forward |
15 |
5,394,121 |
5,485,032 |
| Balance Sheet as at 31 December 2022 |
Balance Sheet as at 31 December 2022 |
|
|
|
|
|
|
2022 |
2021 |
|
Notes |
|
|
|
| Fixed assets |
|
|
|
|
| Investments |
9 |
|
|
|
| Current assets |
|
|
|
|
| Stocks |
|
28,006 |
|
|
| Debtors |
10 |
6,088 |
|
|
| Cash at bank and in |
|
70,201 |
|
|
| hand |
|
|
|
|
|
|
104,295 |
|
|
| Liabilities |
|
|
|
|
| Creditors: fallingdue within |
|
|
|
|
| one year |
11 |
(16,902) |
|
|
| Net current assets |
|
|
87,393 |
|
| Total assets less current |
|
|
5,394,121 |
5,485,032 |
| liabilities |
|
|
|
|
| Funds of the Charity |
|
|
|
|
| Unrestricted funds |
|
|
5,394,121 |
5,485,032 |
| Restricted funds |
|
|
|
|
| Totalcharity funds |
7 |
|
5,394,121 |
|
| Trustees' approval |
|
|
|
|
|
2022 |
2021 |
|
E |
|
| Operatingactivities |
|
|
| Net movement in funds |
(90,911) |
5,485,032 |
| Investment income |
(123,301) |
|
| Investment managementfees |
29,428 |
|
| Losses on investments |
605,608 |
|
| (Increase in Stock) |
(28,006) |
|
| (Increase in Debtors) |
(6,088) |
|
| Increase in Creditors |
16,902 |
|
|
403,632 |
5,485,032 |
| Investing activities |
|
|
| Investment managementfees |
(29,428) |
|
| Purchase ofinvestments |
(1,450,277) |
|
| Donated investments |
(219,271) |
(5,485,032) |
| Proceeds from sale ofinvestments |
1,516,507 |
|
| Investment income |
123,301 |
|
| (Increase) in uninvested cash |
(274,263) |
|
|
(333,431) |
(5,485,032) |
| Financing activities |
|
|
| Increase in cash |
70,201 |
|
| Cash at 1 January 2022 |
|
|
| Cash at 31 December 2022 |
70,201 |
|
| 2. |
Income from donations and legacies |
|
|
|
|
2022 |
2021 |
|
Donations |
616,421 |
|
|
One day pay scheme |
36,685 |
|
|
Legacies |
100,393 |
|
|
|
753,499 |
5,485,032 |
| 3. |
Investment income |
|
|
|
|
2022 |
2021 |
|
Income from listed investments |
123,301 |
|
| 4. |
Grants payable |
|
|
|
|
2022 |
2021 |
|
Grants to institutions (46 grants) |
|
|
|
Presentation of Colours |
115,280 |
|
|
Adventurous Training equipment |
28,318 |
|
|
ISt Battalion Irish Guards |
21,000 |
|
|
St Patricks Day |
14,809 |
|
|
Battalion Central fund |
12,500 |
|
|
Bond of Friendship Golf |
5,035 |
|
|
Guards Chapel Organ Fund |
5,000 |
|
|
Irish Guards Golfing Society |
4,330 |
|
|
Freedom of North Down |
3,614 |
|
|
Army Benevolent Fund |
3,500 |
|
|
Guards MuseumTrust |
3,000 |
|
|
Irish Guards Regimental Band |
2,625 |
|
|
Irish Guards Association |
2,383 |
|
|
Hope for Youth |
1,740 |
|
|
Officers' Allocation |
1,702 |
|
|
Irish Guards London Dinner |
1,670 |
|
|
Irish Guards ROI Dinner |
855 |
|
|
Irish Guards Belfast Dinner |
676 |
|
|
Irish Guards Midlands Dinner |
451 |
|
|
2022 |
2021 |
|
|
E |
|
(cont.) |
(cont.) |
| Irish Guards Liverpool Dinner |
229 |
|
| Regimental Journal Cost Contribution |
1,500 |
|
| Quis Separabit Club Grant |
1,335 |
|
| Aramark Defence Services |
1,200 |
|
| 22 Years ofService Award |
1,161 |
|
| King Edward VII Hospital |
1,000 |
|
| West Midlands Branch Mental Health |
1,000 |
|
| Grant |
|
|
| Beating Retreat |
936 |
|
| Combined Irish Regiment Windsor Event |
609 |
|
| SSAFA Forces Help |
500 |
|
| Field ofRemembrance |
187 |
|
| Other |
5,394 |
|
|
243,539 |
|
| Grants to individuals (48 Grants) |
46,640 |
|
| Total Grants |
290,179 |
|
|
Institutions |
Individuals |
Total |
| Welfare of Soldiers |
37,863 |
|
37,863 |
| Ex-servicemen |
11,373 |
46,640 |
58,014 |
| Hospitality/sport |
42,579 |
|
41,638 |
| Miscellaneous military |
138,390 |
|
138,390 |
| Other |
13,334 |
|
13,334 |
|
243,539 |
46,640 |
290,179 |
|
2022 |
2021 |
| Costs ofgenerating funds: |
|
|
| Fundraising expenditure |
12,367 |
|
| Investment managementfees |
29,428 |
|
| Expenditure on charitable activities: |
|
|
| Grants payable (note 4) |
290,179 |
|
| Sundry expenses |
634 |
|
| Branch and Delegate expenditure |
0 |
|
| Support costs: |
|
|
| Postage, printing and stationery |
1,276 |
|
| IT equipment and costs |
3,622 |
|
| Travel |
2,969 |
|
| Consultancy fees |
75,093 |
|
| Accountancy fees |
8,827 |
|
| Audit fees |
6,000 |
|
| Insurance |
803 |
|
| PropertyMaintenance |
1,303 |
|
| Miscellaneous expenses |
3,051 |
|
|
435,552 |
|
| MarketValue at 1 January 2022 |
5,485,032 |
| Disposals at carrying value |
(1,866,487) |
| Acquisitions at cost |
|
| Acquisitions by way of donation |
219,271 |
| Change in value |
(255,628) |
| Market Value at 31 December 2022 |
|
| Add Evelyn Investment account |
274,263 |
| Total investments including cash |
5,306,728 |
| Book cost(excluding cash) at 31 December 2022 |
5,289,651 |
| Book cost (excluding cash) at 31 December 2021 |
5,485,032 |
| 9. |
Debtors |
|
|
|
|
2022 |
2021 |
|
Other Debtors |
2,500 |
|
|
Prepayments |
500 |
|
|
Accrued Income |
3,088 |
|
|
|
6,088 |
|
| 10. |
Creditors |
|
|
|
|
2022 |
2021 |
|
|
E |
|
|
Accruals |
14,500 |
|
|
Other creditors |
2,402 |
|
|
|
16,902 |
|
| Capital and income movement |
|
|
| Capital |
2022 |
2021 |
| Balance as at 1 January 2022 |
|
|
| (Loss)/profit on sale of investments |
(356,291) |
|
| Unrealised (loss) on investments in year |
(249,317) |
|
| Investment Management fees |
(29,428) |
|
| Accumulated dividends |
1,559 |
|
| Transferfrom income |
|
|
| Balance as at 31 December 2022 |
5,306,728 |
|
| Income |
|
|
| Balance as at 1 January 2022 |
|
|
| Donations and gifts |
753,499 |
|
| Investment income |
123,301 |
|
| Income from charitable activities |
73,449 |
|
| Grants payable |
(290,179) |
|
| Other charitable expenditure |
(12,367) |
|
| Support costs |
(103,578) |
|
| Accumulated dividends |
(1,559) |
|
| Transferto capital |
|
|
| Balance as at 31 December2022 |
87,393 |
5,485,032 |
| Totalfunds |
5,394,121 |
|