Dorgn Envelope ID.. D9838FO4CFOE42819B95-D0sAols48FA1 The Irish Guards Charlty Reglstered Charity Number 1194198 Trustees, report and Audited Accounts For the year ended 31 December 2023
DorAJ&lgn E*)v8lop8 ID.. D9838F04£FOE428(k9B9>D05A01648FAI The Irish Guards Charity Legal and administrative information 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 H A F Parshall Esq Principal address Regimental Headquarters Irish Guards Wellington Barracks Birdcage Walk London SWIE 6HQ Auditors Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton KT6 7AL Bankers Lloyds Bank PIC Coxs & Kings Branch London SWIY SNA Investment Advisors Evelyn Investment Management LLP 45 Gresham Street London EC2V 7BG Advisors PaBe12
Docu5¥Jn EnveJope10.. Dg838FO4CFOE4280-gB9>CM)SA01648FAt The Irish Guards Charitv Contents Pages Trustees, report 4-8 Auditor's report 9-12 Statement of financial activities 13 Balance Sheet 14 Statement of cash flows 15 Notes to the accounts 16-23 Page13
D¢19n Envelop8 ID.. D9836F04£FOE4280-9395-t)05A01648FA1 The Irlsh Guards Charity Trustees, report for the year ended 31 December 2023 The trustees present their report together with the accounts of the Irish Guards Charity for the year to 31 December 2023. The accounts comply with the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January 20191. Structure, governance and management The appointment of trustees is governed by the CIO'S constitution, which provides for two ex-officio trustees who are, respectively for the time being, the Regimental Lieutenant Colonel of the Irish Guards and the Commanding OfPicer of the 1st Battalion Irish Guards, and for a minimum of three and a maximum of five appointed trustees. A quorum must comprise three trustees or such larger number as the trustees may decide from time to time. Apart from the first trustees, every appointed trustee must be appointed for a term of five years by a resolution passed at a properly convened meeting of the trustees, unless the trustees determine in the best interests of the CIO on appointment to appoint the individual for a shorter term, which shall not be less than three years. In selecting individuals for appointment as appointed trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The trustees oversee the operation of the charity, and the day-to-day administration of the charity is carried out by Major R J Wilmont MBE. The CIO has the powers set out in, amongst other provisions, Article 4 of its constitution. The trustees have assessed the risks to the CIO'S assets and are satisfied that sufficient controls are in place, and this will be subject to regular review. Investment reports, valuations and performance are regularly reviewed by the trustees. Page14
DoLwsign EnvelopÈ ID". D9838F04-CFOE4280-gB95DDSA01648FA1 The Irish Guards Charity Objects and activities (11 The objects of the CIO are: (al to assist and provide relief to any serving or former serving officer, warrant officer, non-commissioned officer or guardsman of the regiment known as the Irish Guards I'The Irish Guards"), or in exceptional circumstances any person associated with the Irish Guards, and their dependents, including but not exclusively, their spouses, partners, widows, widowers, parents (whether or not remarried), children, carers or similar persons who are in hardship or distress or need, whether such need is financial or otherwise. (bl to support financially or otherwise those charities, whether the same be a military or civil charity, which in the opinion of the charity trustees directly or indirectly benefit those persons or persons or charitable purposes referred to in {a) above or {c) below; {cl to promote the efficiency of the Irish Guards in such charitable ways as the charity trustees shall decide; and {dl to further such other exclusively charitable purposes connected with the Irish Guards according to the law of England and Wales as the charity trustee5 in their absolute discretion from time to time determine. (2} Nothing in the CIO'S constitution shall authorise an application of the property of the CIO for purposes which are not charitable in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 and section 2 of the Charities Act {Northern Ireland) 2008. Public Benefit: In putting together our objectives, the Trustees have paid attention to the Charity Commission's guidance on public benefit. Achlevements and performance During the year, the charity received donations and legacies of £133,017. {Discounting the remaining assets transferred during the amalgamation of the former separate charities into one CIO of £506,519, the donations and legacies received in 2022 were £236,980). The charity continued to benefit from the regular income received from its investment portfolio totalling £115,5421£123,301 in 20221. The charity also held several fundraising balls and events raising £68,192 {£73,449 in 2022). Page | 5
Docusign En¥elGpe ID. D9838F(14CFOE4280-9695-D05A01648FA1 The Irish Guards Charity The charity Used these funds to make £182,08412022: £290,179) grants to institutions and individuals. A breakdown of these grants and their beneficiaries is set out in note 4 to the accounts. The provision of these grants fulfilled the primary objectives of the CIO to assist and provide financial support and relief to individuals and institutions associated with the Irish G uards. The process of making grants to individuals and charities is for the Trustees and those with delegated power to review applications for grants and once satisfied that these meet the objectives of the CIO and sufficient resources are available, the grants are awarded. Related parties There were no parties identified as related parties. Financial review A summary of the activities for the year is shown on the Statement of Financial Activities on page 12 of the accounts. During the year to 31 December 2023, the charity received £133,017 (2022: £753,499) of donations and £115,542 {2022: £123,301) of income on its investments. There was a net gain on investments during the year of £214,027 {2022: £605,608 Lossl which comprises a loss on disposal of £14,623 (2022: £356,291 lossl and revaluation gain of £228,65012022 £249,367 lossl. Grants were paid out to the value of £182,084 (2022: £290,179). Investment Pollcy The trustees will continue their policy of investing in secure investments in order to provide income for the Irish Guards Charity, to pursue the objectives contained in its constitution. Reserves Policy The board of Trustees regularly reviews the reserves policy in accordance with the charity's Strategic planning, operational decisions, budgeting and risk management processes. At every meeting, the Trustees can see the movement in reserves and therefore are aware of the level of reserves held by the charity. In addition, the reserves position is usually formally reviewed once a year when the annual report and accounts are approved. Page | 6
DovJsign Envelope ID.. D9B38FCFOE428o-9&9DOSA0l648FAl The Irish Guards Charty Financial risk management for the charity includes ensuring that there are sufficient liquid reserves to respond to an unforeseen event or emergency. The Trustees ensure that there are sufficient reserves to cover all committed outgoings for at least three months. The charity has a low fixed cost base, with all contracts either paid up-front for the year or able to be terminated within three months. The charity receives a steady income stream from its investment portfolio, and it is considered highly unlikely that this would cease immediately. There could however be a steady or sudden reduction in this and other income streams arising from events outside of the charity's control and sufficient liquid reserves should therefore be held to cover a stressed drop in income over a period of three months to cover termination notices for committed expenditure. As at 31 December 2023, the charity had cash of £87,787 {2022.. £70,201) and a further cash reserve of £8,89112022: £274,263) held within their investment portfolio and readily available to the charity. Average monthly expenditure on overheads in 2023 was £10,000. The three months average overhead cost was therefore £30,000. The charity maintained a direct cash coverage of approximately two to three times their three-month overheads throughout the year, only considering their current account cash. With the cash held in their investment portfolio also available in case of an unforeseen outgoing, the Trustees consider that the level of liquid reserves is sufficient to enable the charity to continue to operate despite any unforeseen reduction in income. Plans for Future Periods The Charity aims to continue in its stated objectives of providing assistance, financial support and relief to individ uals and institutions associated with the Irish Guards by way of regular grants. Trustees. responsibilities The trustees are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and regulations. The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable regulations). Under that law, the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the Irish Guards Charity, and of the incoming resources and application of resources of the Irish Guards Charity for that year. Page | 7
DocusHJn Erwelop ID." D9838FO4CFOE428(kgB95-D05A01648FA1 The Irish Guards Charty In preparing these accounts, the trustees are required to: select suitable accounting policies and then apply them con51Stently; observe the methods and principles in the Charities SORP; make judgments and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the Irish Guards Charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. The trustees are also responsible for safeguardlng the assets of the Irish Guards Charity, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board of trustees Do¢u*BnDd by.. Tom Olsen (Trustee) 23-10-2024 Michael Corbett (Trustee) Dated: Page18
Do¢uÈlgn Envelope ID.. D9838FO4CFOE4280-9895-D05A01648FA1 The Irish Guards Chartty Independent Auditorfs Report to the Trustee5 of The Irish Guards Charity Opinion We have audited the financial statements of The Irish Guards Charity (the 'chariW) for the year ended 31 Dember 2023 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cashflows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finonciol Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fairview of the state of the charivs affairs as at 31 December 2023, and of its incoming resources and application of resources, including its income and expenditure, for the yearthen ended; have been properly prepared in accordance with United Kingdom Generally A¢pted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinlon Weconducted ouraudit in accordance with International Standardson Auditing IUKI IISAS IUKII and applicable law. Our responsibilities underthose standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wtth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that thetrustees, use of the going concern basi5 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Page 19
Docuslgn Envelope ID.. D9838F04£FOE4281k9895-D05A01648FA1 The Irish Guards Charity Other information The other information comprises the information included in the trustees, annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report.our opinion on the financial ststements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, considerwhether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or othenmise appearsto be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in ouropinion: the information given in the financial statements is inconsistent in any material respect wtth the trustees, report; or the charity has not kept adequate accounting records; or the financial statements are not in agreement with the accounting records and returns. or we have not reiVed all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement Iset out on page 6], the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statementsthat are free from material misstatement, whether due tofraud orerror. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosin& as applicable, matters related to going concern and using the going conrn basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Audltor responsibilities for the audit of the financial statements We have been appointed as auditor undersection 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Page | 10
Dsign Envelope ID." D9838FO4CFOE4280-9B95-O05A01648FA1 The Irish Guards Charlty Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance wtth laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Enquiry of management and those charged with governance about actual and potential litigation or claims a nd the identification of non-compliance with laws and regulation5. Reviewing minutes of meetings of those charged with governance. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls, including testing journal entries and other adjustments for appropriateness. Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. Professional scepticism in course of the audit and with audit sampling in material audit areas. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilitie5 is available on the FRCS website at: htt www.frc.o auditors audit-assurance auditor-s-res onsibilities-for-the~ audit-of-the-fi descri tion-of-the-auditor%E2'A80%99s-res onsibilities-for.This description forms part of our auditorfs report. Page | 11
Docusrgn Envejope ID." D9838FO4CFOE4280-9895-LX15A01648FA1 The Irish Guards Charlty Use of our report This report is made solely to the charit¢s trustees, as a body, in accordancewith Part 4of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charit¢s trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullestextent permitted by law, we do not accept orassume responsibilityto anyone other than the charity and the charit¢s trustees as a body, for our audit work, for this report, or for the opinions we have formed. Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton r6 7AL Kingston Burrowes Audit Ltd is eligible to att as an auditor in terms of section 1212 of the Companies Act 2006. Page | 12
Docusijn Erwe*)pe ID.. D9838F04-CFOE4289-9B9&D0&401648FAI The Irlsh Guards Charity Statement of Financlal Actlvities for the year ended 31 December 2023 Note 2023 2022 Income Donations and legacies Fundraising Investment income Total 133,017 68,192 115,542 316,751 753,499 73,449 123,301 950,249 Ex enditure Fundraising expenditure Charitable activities Investment management feos Support Costs Total expenditure 22,098 183,084 30,919 118,130 354,231 12,367 290,179 29,428 103,578 435,552 Net income before investment gains 137,480) 514,697 Net gains/(losses) on investments 214,027 (605.508) Net movement In funds 176,547 (90,911) Reconciliation of funds: Total funds brought forward Total funds carried fonNard 5.394,121 5,485,032 12 5.570,668 5,394,121 All incoming resources and resources expended derive from continuing activities. The notes form part of the financial statements. Page | 13
DrKu5ign Envelope ID.. D9838F04-cF0E428(99r)osA01fj48FA1 The Irish Guards Charlty Balance Sheet as at 31 December 2023 2023 2022 Notes Fixed assets Investments 870 5,489,332 5,306,728 Current assets Stocks Debtors Cash at bank and in hand 6,427 14,782 87,786 28,006 6,088 70,201 10 108,995 104,295 Liabilities Creditors: falling due within one year 11 (28,529) 116,902) Net current assets 80,466 87,393 Total assets less current liabilities 5,570,668 5,394,121 Funds of the Charity Unrestricted funds Restricted funds Total charity funds 5,570,668 5,394,121 5,570,668 5,394,121 Trustees, approval The accounts were approved and authorised for issue by the Trustees on [ 2024 Du¢uSlwdtsy.' Tom Olsen {Trustee) Michael Corbett {Trustee) Page | 14
DoGu5ign En¥ekn ID.. D9838F04-CFOE428CkgB9&D05A01e48FA1 The Irlsh Guard5 Charity The notes form part of the financial statements. Statement of cashflows for the year ended 31 December 2023 2023 2022 Operating activities Net movement in funds Investment income Investment management fees IGainsl/Losses on investments Ilncreasel/Decrease in Stock Ilncreasel/Decrease in Debtors Increase in Creditor5 176,547 (90,911) 1115,5421 (123,3011 30,919 29,428 1214,0271 605,608 21,578 (28,0061 {8,6941 (6,0881 11,627 16.902 197,5921 403,632 Investing activities Investment management fees Purchase of investments Donated investments Fixed Asset Investment Proceeds from sale of investments Investment income (Increase)/Decrease in uninvested cash 130,9191 (29,428) 1885,5921 11,450,277) (219,271) (1,1281 637,898 1,516,507 115,542 123,301 265,372 (274,2631 115,177 {333,431} Financing activities Increase in cash 17,585 70,201 Cash at lJanuary 70,201 Cash at 31 December 87,786 70,201 The notes form part of the financial statements. Page | 15
t)ocuwgn Envetope ID.. t)9838FO4-¢FOE42g95-D0sAOIE48FAl The Irish Guard5 Charity Notes to the accounts for the year ended 31 December 2023 Accounting policies 1.1 General information The Irish Guards Charity 15 a Charitable Incorporated Organisation, registered on 22 April 2021. The Irish Guards Charity is registered with the Charity Commission in England &Wales (No. 11941981.The addressofthe principal office is Regimental Headquarters, Irish Guards, Wellington Barracks, Birdcage Walk, London, SWIE 6HQ. 1.2 Basls of preparatlon The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The accounts have been prepared following the recognition and measurement of FRS 102, with the exception of investments which have been included at market value. The Trustees confirm that the charity is a public benefit entity as defined by FRS 102. The accounts are prepared on a going concern basis; there are no material uncertainties about the fund's ability to continue as a going concern. 1.3 Income recognition policy Income is recognised in the accounts when all the following criteria are met: The charity has entitlement to the funds; any performance conditions attached to the income have been fully met; there is sufFicient certainty that the receipt of income is considered probable; and the amount can be measured reliably. Page | 16
D¢)rxJslpn Envelope It). D9838F04-CFOE4281k9B9&005A01648FA1 The Irish Guard5 Charlty Income from investments is credited in the statement of financi31 activities in the period in which it is receivable. 1.4 Expenditure Liabilities are recognised as resources expended as soon as there 15 a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all costs related to the category. Costs of raising funds consists of investment management fees. Grants payable are payments made to third parties in furtherance of the charitable objects of the Trust. The grants are accounted for where the trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant. Support costs consist of costs not directly attributable to direct charitable expenditure, but which are in respect of the general administration of the charity and overall management of the funds. 1.5 Investments Fixed asset investments are stated at mid-market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year. Investments include cash held in the investment account. Unrealised gains or losses are recognised in the statement of financial activities. Realised gains are the difference between disposal proceeds and carrying value and are recognised in the statement of financial activities under gains and losses on investments. 1.6 Fixed Assets Office equipment is initially measured at cost and is depreciated on a straight-line basis over four year5 1.7 Fund accounting Unrestricted funds are available to be spent on activities that further any purposes of the charity. Page | 17
Docusign Envelope ID." D9S38FcF0E4289B9O5A01648FA1 The Irish Guards Charity Income from donations and legacies 2023 2022 Donations One day pay scheme Legacies 66,722 39,036 27,259 133,017 616,421 36,685 100,393 753,499 Investment income 2023 2022 Income from listed investments 115,542 123,301 Grants payable 2023 2022 Grants to institutions (52 grants) Adventurous Training equipment l Battalion Irish Guards St Patricks Day Regimental Journal Cost Contribution Battalion Central fund Roll of Honour Artwork Bond of Friendship Golf Guards Chapel Organ Fund Irish Guards Golfing Society Freedom of North Down Army Benevolent Fund Guards Museum Trust Irish Guards Regimental Band Irish Guards Association Hope for Youth 800 22,500 19,413 19,784 15,000 8,000 4,200 28,318 21,000 14,809 1,500 12,500 5,035 5000 4,330 3,614 3,500 3,000 2,625 2,383 1,740 1,420 3,500 3,000 1,193 Page | 18
[Jowsn Enve]ope ID.. D9838F04-GFoE429B9DQSAO1648FAl The Irish Guards Charity Grants Payable continued 2023 2022 Medals Trophies Officers, AlSocation Irish Guards Ulster Dinner Irish Guards North of England Dinner Irish Guards London Dinner Irish Guards Rol Dinner Irish Guards Belfast Dinner Irish Guards Midlands Dinner Irish Guards Liverpool Dinner Irish Guards Para Dinner Kings Guards Duty meals 22 Years of Service Award Presentation to Girdlers Marshall Book Launch Donation Markham refurbishment ITC Catterick Grant General Grant's funeral Widows Holidays Memorial Bench at National Arboretum Trooping the Colour tickets Prince William Colours Mini Micks grant Horse and Guardsmen Grant Guards Cricket Society Presentation of Colours Quis Separabit Club Grant Aramark Defence Services King Edward Vll Hospital West Midlands Branch Mental Health Grant Beating Retreat Combined Irish Regiment Windsor Event SSAFA Forces Help Field of Remembrance Other 2,728 1,691 3,778 1,084 780 585 489 1,702 1,670 855 676 451 229 471 130 240 2,555 2,000 1,349 1,925 1,161 Street 1,000 811 800 650 466 304 252 195 170 115,280 1,335 1,200 1,000 1,000 936 609 500 187 5,394 1,955 Page | 19
DoGusign Etwdope ID". D9838F04-cF0E4289B9D0sAO1e48FAl The Irish Guards Charity Grants Payable continued 2023 2022 125,218 56,866 182,084 243,539 46,640 290,179 Grants to individuals {69 Grant5) Total Grants Analysis of 2023 Grants Institutions Individuals Total Welfare of Soldiers Ex-servicemen Hospitality/sport Miscellaneous military Other 51,675 51,675 56,866 7,308 55,443 10,792 182.084 56,866 7,308 55,443 10,792 125,218 56.866 Total expenditure 2023 2022 Costs of generating funds: Fundraising expenditure Investment management fees 22,098 30,919 12,367 29,428 Expenditure on charitable activities: Grants payable (note 41 Sundry expenses Branch and Delegate expenditure 182,084 1000 290,179 634 Support costs: Postage, printing and stationery IT equipment and costs Travel 2,581 4,011 1,492 1,276 3,622 2,969 Page | 20
DocustgTr Envelope ID.. D9838F04-CFoE4280-9B0O5A01648FAl The Irish Guards Charity Total Expenditure Continued 2023 2022 Consultancy fees Accountancy fees Audit fees 86,767 6,120 6,000 4,849 735 75,093 8,827 6,000 803 Insurance Property Maintenance Depreciation Miscellaneous expenses 1,303 259 5,315 354,231 3051 435,552 Trustees remuneration and expenses During the year to 31 December 2023, no Trustee received any remuneration or other benefits. {2022 nil} Employees There were no employees during the yearto 31 December 2023.12022:0) Fixed Assets Office Equipment Cost At l January 2023 Additions during 2023 At 31 December 2023 Depreciation At l January 2023 Charge for the year At 31 December 2023 1,128 1,128 258 258 Net book Value At 31 December 2023 At 31 December 2022 870 Page | 21
otxjslgn Envelope ID. D9838FOF0E4289B95-DOSAo1648FAl The Irish Guards Charity Fixed Asset Investments Market Value at l January 2023 Disposals at carrying value Acq uisitions at cost Acquisitions by way of donation Change in value 5.032.465 {652,262) 871,588 228,650 Market Value at 31 December 2023 5,480,441 Add Evelyn Investment account Total investments including cash 8,891 5.489,332 Book cost (excluding cash) at 31 December 2023 5,391,817 Book cost (excluding cash) at 31 December 2022 5,289,651 There are no material investments that make up more than 5/0 of the market value of the charitvs investment portfolio. io. Debtors 2023 2022 Other Debtors Prepayments Accrued Income 11,070 112 3,600 14,782 2,500 500 3,088 6,088 ii. Creditors 2022 2023 Accruals Other creditors 19,600 8,929 28,529 14,500 2,402 16,902 Page | 22
DI)Cugn Ervelope ID.. D9838FWFOE428(k9B9&D05A01648FA1 The Irlsh Guards Charity 12. Capital and income movement Capital 2023 2022 Balance as at ljanuary ILoss)/profit on sale of investments Unrealised gain/lloss) on investments in year Investment Management fees Accumulated dividends Fixed Asset purchase Transfer from income Balance as at 31 December 5,306,728 (14,623} 1356,291} 228,650 1249,317) (30,919) {29,4281 1,559 1,128 5,940.205 5,490,964 5,306,728 Income 2023 2022 Balance as at l January 87,393 5,485,032 Donations and gifts Investment income Income from charita ble activities Grants payable Other charitable expenditure Support costs Fixed Asset purchase Accumulated dividends Transfer to capital Balance as at 31 December 133,017 753,499 115,542 123,301 68,192 73,449 {182,084) (290,1791 {23,098) (12.367) {118,128) (103,5781 (1,128) (1,559) 15,940,205) 87.393 79,706 Total funds 5,570,668 5,394,121 Page | 23