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|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|





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||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|||||






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||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||





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|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|





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||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||



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|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|



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|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||





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|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||



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