Docuswjn Envelope ID. ADB5ADDA-7B9542E9-984B4D1780BSC287 The Irish Guards Charity Registered Charity Number 1194198 Trustees, report and Audited Accounts For the year ended 31 December 2024
Do¢usvJn Envebpe ID.. ADB5ADDA-7B9S42E984B-Sol7B0B8C2s7 The Irish Guards Charity Legal and administrative information Trustees Major General Christopher Ghika CBE Lieutenant Colonel Sir James Aldridge MBE KCVO Captain Michael Corbett Captain Ashe Windham CVO Major Robin Boyd Captain Tom Olsen Horace Parshall Esq Principal address Regimental Headquarters Irish Guards Wellington Barracks Birdcage Walk London SWIE 6HQ Auditors Kingston Burrowes Audlt Ltd 308 Ewell Road Surbiton KT6 7AL Bankers Lloyds Bank PIC Coxs & King5 Branch London SWIY SNA Investment Advisors Evelyn Investment Management LLP 45 Gresham Street London EC2V 7BG Advisors Paee12
DoEusvJn Envelop8 ID." ADBSADoA.7B2E&984B-8D178O8ec28F The Irish Guar¢b Charity Contents Pages Trustees, report 4-8 Auditor's report 9-12 Statement of financial activitie5 13 Balance Sheet 14 statement of cash flows 15 Notes to the account5 16-24 Page13
OOGWW Enwebpe ID.. ADB5ADDA.7B9542EB-8ol78oB8c2SI The Irish Guards Charltv Trustees, report for the year ended 31 December 2024 The trustees present their report together with the accounts of the Irish Guards Charity forthe year to 31 December 2024. The accounts comply with the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Strurturei 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 Officer of the 1st Battalion Irish Guards, and for a minimum of three and a maximum of five appointed trustees. A quorum must comprise three trustee5 or such larger number a5 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 bv 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 th ree 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
DO19n Envebpe ID.. AD55ADDA.789542Eg.984&801780B8C287 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" 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,. {b) 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 lal above or Icl below,. Icl to promote the efficiency of the Irish Guards in such charitable ways as the charity trustees shall decide- and Idl to further such other exclusively charitable purposes connetted with the Irish Guards according to the law of England and Wales as the charity trustees in their absolute discretion from time to time determine. {21 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 (Scotlandl 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. Achievements and performance During the year, the charity received donations and legacies of £104,257. The donations and legacies received in 2023 were £133,017). The charity continued to benefit from the regular income received from it5 investment portfolio totalling £114,7931£115,542 in 20231. The charity also held several fundraising events raising £47,460 (£68,192 in 20231. The charity used these funds to make £176,752 12023-. £182.084) grants to institutions and individuals. A breakdown of these grants and their beneficiaries Pa8e15
DorJJsyn Envdy ID. AOB5ADDA-7B9542E>984B-BD178088C267 The Irish Guards Charity is set out in note 4 to the accounts. The provision of these Erants fulfilled the primary objectives of the CIO to assist and provide financial support and relief to individuals and institutions associated with the Irish Guards. The process of making grants to individuals and charities is for the Trustees and those with delegated powers 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. Financlal review A summary of the activities for the year is shown on the Statement of Financial Activities on page 13 of the accounts. During the year to 31 December 2024, the charity received £104,25712023.' £133,0171 of donations and £114,793 12023.. £115,542) of income on its investments. There was a net gain on investments during the year of £405,627 {2023: £214,027} which comprises a loss on dlsposal of £24,008 (2023.. £14,623 105sI and revaluation gain of £429,63512023 £228,650). Grants were paid out to the value of £176,75212023: £182,084). Investment Policy 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 revlews 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 n reserves and therefore are aware of the level of reserves held by the charity. In addition, the reserves position 15 USLtally formally reviewed once a year when the annual report and accounts are approved. Financial risk management for the charity includes ensuring that there are sufficient liquid reserves to respond to an unforeseen event or emergency. The Page 16
Docu$ign Envelope ID". ADB5ADDA.7B9542E&984B-6D1780B6C267 The Irish Guards Charity Trustees ensure that there are sufficient reserves to cover all committed outgoing5 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 2024, the charity had cash of £46,78212023: £87,787) and a further cash reserve of £52,587 (2023.. £8,891) held within their investment portfolio and readily available to the charity. Average monthly expenditure on overheads in 2024 was £9,000. The three months average overhead cost was therefore £27,000. The charity maintained a direct cash coverage of approximately two 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 5UPPOrt and relief to individuals 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 GenerallyAccepted 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 affair5 of the Irish Guards Charity, and of the incoming resources and application of resources of the Irish Guards Charity for that year. In preparing these accounts, the trustees are required to-. Page17
Docusign Envelope ID. AD85ADOA-7B9>42E9-984&8D178OB8C287 The Irish Guard5 Charity select Sultable accounting policies and then apply them consistently; observe the rnethods 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 Charitys 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 safeguarding the assets of the I rish 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 gnqd by. DoouSIBnpd by.. Tom Olsen (Trusteel 08-10-2025 Michael Corbett (Trusteel Dated.. Page18
Do¢u*gn Enwebpe ID.. ADB5ADDA-7B9542E9-984B-BD1780B8C287 The Irish Guards Charitv Independent Auditorfs Report to the Trustees of The Irish Guards Charity Opinion We have audited the financial statements of The Irlsh Guards Charity (the 'charity'l for the year ended 31 December 2024 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cashflows and notes to the f inancial 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 Financial Reporting Stundord applicable in the UK and Republic of Irelond (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs 85 at 31 December 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UKI IISAS IUKI} and applicable law. Our responsibilities under those 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 with these requirement5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basi5 for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis 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 month5 from when the financial statements 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. Page19
Docu51gn Envelope ID.. ADB5ADOA-789542E9-984B-8D1780B8C287 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 auditor's report thereon. The trustees are responsible for the other information contained within the annual report Our opinion on the financial statements 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, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such materia5 inconslStencie5 or apparent material misstatements, we are required to determine whetherthis 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 thi5 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 2(NJ8 require us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with 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 received all the informatlon and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement Iset out on page 7-81, 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 a5 the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern 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. Page | 10
DocusKJn Envelope ID.. ADBSDDA-7B9S42E9-9848Dl78DBS¢ZB7 The Irish Guards Charity Auditor responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 ofthe Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statement5 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 IUKI 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 with 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 and the identification of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged wlth 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 audlt 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 trar15actions 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. Page 111
DopJ¥wJn EvoPe10. NDB5A0Dk7B9542ge4B-80178OB8c287 The Irish Guards Charity A further description of our responsibilities is available on the FRC'S website at: htt www.frc.or auditors audit-assurance auditor-s-res onsibilities- for-the-audit-of-the-fi descri tion-of-the-auditorYoE2Yo80°h99s-res onsibilities- for.This description forms part of our auditor's report. Use of our report Thi5 report Is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charitie5 IAccounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Kingston urrowes Audit Ltd 308 Ewell Road Surbiton KT6 7AL IScknIOZ5 Kingston Burrowes Audit Ltd is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006. Page | 12
Docuyign Envelopè ID. ADBSADDA-7B9542E9-984B4D1780B6C287 The Irtsh Guards Charity Statement of Financial Activities for the year ended 31 December 2024 Note 2024 2023 Income Donations and legacies Fundraising Investment income Total 104,257 47,460 114,793 266,510 133,017 68.192 115,542 316,751 Ex enditure Fundraising expenditure Charitable activities Investment management fees Support Costs Total expenditure 10,514 176,752 32,404 111,766 331.436 22,098 183,084 30,919 118,130 354,231 Net income before investment gains (64,926) (37,480) Net gains/(lossesl on investments 405,627 214.027 Net movement in funds 340,701 176,547 Reconciliation of funds: Total funds brought forward Total funds carried forward 5.570,668 5,394.121 12 5,911,369 5.570,668 All incoming resources and resources expended derive from continuing artivities. The notes form part of the financial statements. Page113
Docusign Envelope ID. AD85ADDA_7ByN2E984B.8D178O8sc287 The Irish Guards Charity Balance Sheet as at 31 December 2024 2024 2023 Notes Fixed assets Investments 588 5,867,566 870 5,489,332 Current assets Stocks Debtors Cash at bank and in hand 6,190 14,219 6,427 14,782 io 67.191 108,995 Liabilities Creditors.. falling due within one year li {23,976} 128,529) Net current assets 43.215 80,466 Total assets less current liabilities 5.911.369 5,570,668 Funds of the Charity Unrestricted funds Restricted funds Total charity funds 5,911,369 5,570,668 5,911.369 5.570,668 Trustees, approval The accounts were approved and authorised for issue by the Trustees on b8.1d 2025 by. DDpJWnod ty". AcknLL CbY&dl Tom Olsen (Trusteel Michael Corbett ITrustee} The notes form part of the financial statements. Page | 14
DoGUStgn Envdwe ID." ADB&4DDA-7B9542E9-g84D17BDBSC27 The Irish Guards Charrty Statement of cashflows for the year ended 31 December 2024 2024 2023 Operatlng activities Net movement in funds Investment income Investment management fees IGainsl/Losses on investments Ilncreasel/Decrea5e in Stock Ilncrease}/Decrease in Debtors Increase/{Decreasel in Creditors 340,701 176,547 1114,7931 {115,5421 32,404 30,919 (405,627) 1214,0271 237 21,578 563 18,6941 14,5531 11,627 1151,0681 {97.592) Investlng artivities Investment management fees Purchase of investments Fixed Asset Investment Proceeds from sale of investments Investment income Ilncreasel/Decrease in uninvested cash 132,4041 (30,9191 11,051,889) {871,5881 11,1281 637,898 115,542 265,372 115,177 1,123,260 114,793 {43,696) 110.064 Financing activities Increase/ldecrease) in cash {41,004} 17,585 Cash at l January 87,786 70,201 Cash at 31 December 46,872 87,786 The notes form part of the financial statements. Page | 15
Docusign Envelw ID. ADBsADDA.7B92E884B.8D178OB8c287 The Irish Guards Charhy Notes to the accounts for the year ended 31 December 2024 Accounting policies 1.1 General information The Irish Guards Charity is 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 address of the principal office is Regimental Headquarters, Irish Guards. Wellington Barracks, Birdcage Walk, London. SWIE 6HQ. 1.2 Basls of preparation The account5 have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. 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 recognltlon 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. Income from investments is credited in the statement of financial activities in the period in which it is receivable. Page116
Do¢usign Envebpe ID.. ADBsADD7BgS42E9e4BD17s0eC28T The Irish Guards Charity 1.4 Expenditure Liabilities are recognised as resources expended as 500n as there is 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 partie5 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 105ses are recognised in the statement of financlal 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 straight-line basis over four years 1.7 Fund accounting Unrestricted funds are available to be Spent on activities that further any purposes of the charity. Page117
Docusvjn Envelape ID.. ADBsADDA.7B9542E984B4Dl780B8C2S7 The Irish Guards Charity Income from donatlons and legacies 2024 2023 Donations One day pay scheme Legacies 62,728 41,529 66.722 39.036 27,259 104,257 133,017 Investment income 2024 2023 Income from listed investments 114,793 115,542 Grants payable 2024 2023 Grants to Institutions St Patricks Day Regimental Journal Cost Contribution Recruitment 1st Battslion Officers Mess refurbishment Battalion Central fund Normandy Battlefield tours Presentation of Colours Army Benevolent Fund Bond of Friendship Golf Guards Museum Trust Sports fees grants 9 Company celebration Armoured Micks book printing ITC Catterick Grant Irish Guards Ulster Dinner The Baldwin Sword Irish Guards North of England Dinner West Midlands IGA Irish Guards Association 24,500 12.376 12,500 10.000 15,000 13,071 7,153 3,500 3,000 3,000 2,925 2,000 1,951 1500 1,120 1,065 825 810 790 19,413 19,784 15.000 3,500 4,200 3,000 1,000 1,084 780 1,193 Page118
DU¥jn Envelope ID". ADB5ADDA-78W2E&984B-6D178oB828T The Irish Gu2rd5 Charity 2024 2023 Grant5 Payable continued Kings Guard5 Duty meals Irish Guards London Oinner Irish Guards Golfing Society Mens, mental Health Officers, Allocation Alexander presentation SPD Cadets Ulster Branch Berlin Museum opening Irish Guards Roi Dinner Widows Holidays Normandy Journal contribution Ulster Branch IGA Mini Micks grant Irish Guard5 Midlands Dinner PDIC HQ infantry Warrant Officers Dinner Presentation to Girdlers 1st Battalion Irish Guard5 Roll of Honour Artwork Medals 22 Years of Service Award Donation to Markham Street refurbishment Trophies Marshall Book Launch General Grant: funeral Adventurous Training equipment Memorial Bench at National Arboretum Trooping the Colour tickets Prince William Colours Horse and Guardsmen Grant Guards Cricket Society Irish Guards Para Dinner 630 620 240 585 1,420 600 600 574 537 500 411 3,778 400 350 350 320 274 268 252 250 489 800 252 471 175 144 2,000 22,500 8,000 2,728 2,555 1.925 1,691 1,349 811 800 650 466 304 195 170 130 Page119
Docusign Envebpe ID.. ADB5ADDA-7B9542E9484&8D178OB8C287 The Irish Guards Charity Grants Payable continued 2024 2023 Other 1.560 125,901 50,851 176,752 1,955 125.218 56.866 182,084 Grants to Indivlduals (xx Grants) Total Grants Analysis of 2024 Grants Institutions Individuals Total Welfare of Soldiers Ex-servicemen Hospitality/sport Miscellaneous military Other 28,634 28,634 50,851 6,799 88.414 2,054 176,752 50,851 6,799 88,414 2,054 125,901 50,851 Total expenditure 2024 2023 Costs of generating funds: Fundraising expenditure Investment management fees 10,514 32.404 22,098 30.919 Expenditure on charitable artivities: Grants payable (note 41 Sundry expenses 176,752 182,084 iooo Support costs: Postage, printing and stationery IT equipment and costs Travel 1,404 4,126 1,967 2,581 4,011 1,492 Continued next page... Page120
Docusi9n Envdcpe ID.. ADB5ADDA.7B9542E&984B4D1780b8C287 The Irish Guards Charity Total Expenditure Continued 2024 2023 Consultancy fees Accountancy fees Audit fees 84,492 3,401 6,000 2.967 2,193 282 86,767 6,120 6,000 4,849 735 Insurance Property Maintenance Depreciation Miscellaneous expenses 259 4,934 331A36 5,315 354,231 Trustees remuneratlon and expenses During the year to 31 December 2024, no Trustee received any remuneration or other benefit5.12023 nil} Employees There were no employees duringthe yearto 310ecember 2024.12023..01 Fixed Assets Office Equipment Cost At l January 2024 Additions during 2024 At 31 December 2024 Depreciation At l January 2024 Charge for the year At 31 December 2024 1,128 1,128 259 282 541 Net book Value At 31 December 2024 At 31 December 2023 587 870 Page121
DocugvJn Envek>pe ID". ADBSADDA.7B9542É&984B4D1780B8C267 The Irish Guards Charity Fixed Asset Investments Market Value at l January 2024 Disposals at carrying value Acquisitions at cost Change in value 5,480.441 11,146,986) 1,051,889 429.635 Market Value at 31 December 2024 5,814,979 Add Evelyn Investment account Total investments including cash 52,587 5,867,566 Book cost {excluding cashl at 31 December 2024 5,200.123 Book cost (excluding cash) at 31 December 2023 5,391,817 There are no material investments that make up more than 6% of the market value of the charity's investment portfolio. io. Debtors 2024 2023 Other Debtors 10,370 249 11,070 112 Prepayments Accrued Income 3,600 14,219 3,600 14,782 ii. Creditors 2024 2023 Accruals Other creditors 20,291 3,685 23,976 14,500 2,402 16,902 Page | 22
Docusyn Envebpe ID.. ADDDA-7B9542E9-984B4D$78aBeC287 The Irish Guards Charity 12. Capital and income movement Capital 2024 2023 Balance as at ljanuary {Lossl/protit on sale of investment5 5,490,964 5,306,728 124,0081 114,6231 Unrealised gain/lloss} on investments in year Investment Management fees 429.635 228.650 132.4041 {30,9191 Accumulated dividends Fixed Asset purchase 1,128 Transfer from income Balance as at 31 December 5.864,188 5,490,964 Income 2024 2023 Balance as at l January 79.706 87,393 Donations and gifts 104,257 133,017 Investment income 114,793 115,542 Income from charitable activities 47,460 68,192 Grants payable 1176,7521 {182.0841 Other charitable expenditure 110,517) 123,0981 Support costs {111.7661 1118,128) (1,128) Fixed Asset purchase Accumulated dividends Transfer to capital Page123
DOcusn Envalope ID.. AD8SADDA-7B9542E9.984UD1780B8C287 The Irish Guards Charity Balance as at 31 December 47.181 79,706 Total funds 5,911,369 5.570,668 Page124