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-7B9S42E￿984B-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.7B￿2E&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.7B9542E￿B-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

DO￿￿19n 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.
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DocusKJn Envelope ID.. ADBS￿DDA-7B9S42E9-984￿8Dl78DBS¢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 E￿v￿oPe10. NDB5A0Dk7B9542￿ge4B-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_7ByN2E￿984B.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.
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DoGUStgn Envdwe ID." ADB&4DDA-7B9542E9-g84￿D17BDBSC2￿7
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.7B9￿2E￿884B.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.. ADBsADD￿7BgS42E￿9e4B￿D17s0￿eC28T
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.7B9542E￿984B4Dl780B8C2S7
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

D￿U￿¥jn Envelope ID". ADB5ADDA-78W2E&984B-6D178oB8￿28T
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
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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...
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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
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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
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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
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DOcus￿n 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