Dor￿gn Envelope ID.. D9838FO4CFOE4281￿9B95-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.. D9B38F￿CFOE428o-9&9￿DOSA0l648FAl
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 De￿mber 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 re￿iVed 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 con￿rn 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

D￿sign 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(￿9￿9￿r)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-¢FOE42￿g￿95-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." D9S38F￿cF0E428￿9B9￿O5A01648FA1
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

[Jows￿n Enve]ope ID.. D9838F04-GFoE42￿9B9￿DQSAO1648FAl
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-cF0E428￿9B9￿D0sAO1e48FAl
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-CFoE4280-9B￿0O5A01648FAl
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. D9838FO￿F0E428￿9B95-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)Cu￿gn 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