2024-12-31-accounts - The Royal Anglian Regiment Charity

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	Pane No~
TRUSTEES’ REPORT	2—8
AUDITORS’ REPORT	9—11
STATEMENT OF FINANCIAL ACTIVITIES	12
BALANCE SHEET	13
GASHFLOW STATEMENT	14
NOTES TO THE ACCOUNTS	15—28

THE ROYAL ANGLIAN REGIMENT CHARITY

TRUSTEES' REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2024

Trustees' responsibilities in relation to the Financial Statements

The Charity's Trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to Charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing Financial Statements giving a true and fair view, the Trustees should follow best practice and:

Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the applicable Charities SORP.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the Financial Statements and
Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Insofar as the Trustees are aware:-

There is no relevant audit information of which the Charity's auditors are unaware; and
The Trustees have taken all steps they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

On behalf of the Trustees

Lieutenant Colonel (retired) J C J Wright

12 November 2025

17 November 2025

		Note	Unrestricted	____ Endowment	Restricted	Total 2024	Total
			Fund	____ Silver Fund	Funds		2023
Income and endowments
from:
Donations and legacies			247,233	-	15,349	262,582	253,615
Charitable activities			7,968	-	-	7,968	16,256
Othertrading activities			12,569	-	-	12,569	208,427
Investments			118,650	-	-	118,650	132,713
Other			1,519	-	-	1,519	3,233
Total		2	387,939	-	15,349	403,288	614,244
Expenditure on:
Raising funds			382	-	-	382	44,938
Charitable activities			684,426	-	143,386	827,812	525,897
Total		3	684,808	-	143,386	828,194	570,835
Net income/(expenditure)
before gains and losses			(296,869)	-	(128,037)	(424,906)	43,409
Net gains/(losses) on
investments		5	677,257	-	-	677,257	232,728
Impairment loss on	asset	16	-	(774,759)	-	(774,759)	-
Net income/(expenditure)			380,388	(774,759)	(128,037)	(522,408)	276,137
Transfers			(139,025)	-	139,025	-	-
Net movement in funds			241,363	(774,759)	10,988	(522,408)	276,137
Reconciliation offunds
Total Funds	Brought	8	6,422,333	3,313,481	152,744	9,888,558	9,612,421
Forward
			________
Total Funds	Carried	8	£6,663,696	£2,538,722	£163,732	£9,366,150	£9,888,558
Forward			_______

THE ROYAL ANGLIAN REGIMENT CHARITY

BALANCE SHEET

AS AT31DECEMBER2024

	Note	2024	2023
Fixed Assets
Investments	5	6,747,525	6,280,086
Tangible Fixed Assets	4	2,542,835	3,316,229
		9,290,360	9,596,315
Current Assets
Stock			364
Debtors	6	43,691	40,937
Deposits at Bank and Money Market		112,279	361,531
Cash in Hand			18
		155,970	402,850
Creditors: Amounts falling due within one year	7	{80,180}	{110,607}
Net Current Assets/(Liabilities)		75,790	292,243
Net Assets		£9,366,150	£9,888,558
Funds
Unrestricted Fund		6,663,696	6,422,333
Restricted Funds		163,732	152,744
Endowment Fund - Silver		2,538,722	3,313,481
	8	£9,366,150	£9,888,558

Approved and signed on behalf of the Trustees on 12 . November 2025 .

Lieutenant Colonel (retired) J CJ Wright

The notes on pages 15 to 28 form part of these Financial Statements.

	2024	2023
Cash (absorbed by)Icjenerated from operations
Surplus/(Deficit) for period	(522,408)	276,137
Loss/(Gain) on disposal of investment	(45,016)	14,263
Fairvalue (gains)/losses on investments	(632,241)	(246,991)
Depreciation on fixed assets	1,211	756
Impairment loss on asset	774,759	-
Decrease in stock	364	479
Decrease/(Increase) in debtors	(2,754)	15,548
Increase/(Decrease) in creditors	(30,427)	65,644
	(456,512)	125,836
Cash flows from operating activities
Cash (absorbed by)/generated from operations	(456,512)	125,836
Cash flowfrom investing activities
Purchase of fixed assets	(2,576)	-
Disposal/(purchase) of investments	209,818	17,632
Net increase/(decrease) in
cash/cash equivalents	(249,270)	143,468
Cash and cash equivalents at start ofperiod	£361,549	£218,081
Cash and cash equivalents at end ofperiod	£112,279	£361,549

. ANALYSIS OF INCOME
	2024	2023
Donations and legacies
Donations received (including gift aid recoverable)	130,928	117,872
Days pay scheme	117,913	122,868
SilverSubscription	13,741	12,875
	£262,582	£253,615
Charitable activities
Castle subscriptions and sales	7,968	6,950
Battlefield Tour	-	9,306
	£7,968	£16,256
Other trading activities
Sale of regimental souvenirs	1,854	1,538
Fundraising event	10,715	206,889
	£12,569	£208,427
Investments
Investment Funds	117,716	131,254
Other interest:
Royal Bank of Scotland	934	1,459
	£118,650	£132,713
Other
Casegrantincome	1,519	3,223
	£1,519	£3,223

3. ANALYSIS OF EXPENDITURE
Raising funds
Fundraising event costs	2,962	43,447
Investment management fees	(2,580)	1,491
	£382	£44,938

OR THE PERIOD ENDED 31 DECEMBER 2024
3. ANALYSIS OF EXPENDITURE cont...	2024	2023
Charitable activities
Inservice Welfare Grant — No ofcases 8 (2023: 4)	8,976	2,632
Case Grants — No ofcases 64 (2023: 69)	53,283	43,488
Memorial Running Costs	9,773	1,691
Remembrance Day Costs	16,588	2,540
ABF Sponsorship	13,000	13,000
RCO — Officer & Soldier Recruiting Expenses	13,584	18,493
Other Grants 1St Battalion Grants — including Adventure Training	65,437 22,200	5,546 -
2~ Battalion Grants — including Adventure Training 3rd Battalion Grants — including Adventure Training	30,600 18,300	40,942 6,500
Regimental gathering expenditure	63,077	25,562
Not for profit shop fees	684	-
Association Support (including Big Breakfast & Minden Day)	30,521	9,663
Chapel expenditure	2,062	2,134
Days Pay Scheme— RHQ	1,974	3,968
Days Pay Scheme - Silver	13,741	12,875
Castle expenditure	26,210	24,779
Sundry Expenses	15,798	22,375
Council Meeting Expenses	5,202	3,612
Website improvement & running costs	26,975	919
Representational Event	3,890	4,372
Depreciation	1,211	756
RHQ Redecoration	11,968	-
Audit	36,015	13,530
Accountancy	12,378	11,976
Silver insurance and repairs	10,882	10,012
Silversurvey	74,683	-
MD Charity & Veteran Fund	29,641	-
Childrens Trust Fund professional fees	-	1,090
Royal Anglian Connect	16,625	-
Afghan Veteran Fund expenditure	1,780	19,756
Heritage expenses	25,237	49,336
Battlefield Tour	1,705	23,689
Project 1964	128,662	99,761
Branding Review Project Futurum	1,911	38,498
RHQ Projects	22,920	12,402
Regiment Museum	10,319	-

. TANGIBLE FIXED ASSETS
	Office	Endowment	Chattels	Total
	Equipment	Silver Fund
Cost/Valuation
As at 1 January 2024	21688	3,288,961	25,000	3,335,649
Additions	2,576	-	-	2,576
Impairment	-	(774,759)	-	(774,759)
As at 31 December2024	24,264	2,514,202	25,000	2,563,466
Depreciation
AsatlJanuary2o24	19,420	-	-	19,420
Charge forthe period	1,21 1	-	-	1,211
As at 31 December2024	20,631	-	-	20,631
Net Book Value
As at 31 December2024	£3,633	£2,514,202	£25,000	£2,542,835
As at 31 December2023	£2,268	£3,288,961	£25,000	£3,316,229

		Market	Additions!	Realised	Unrealised	Market	Cost
		Value	(Disposals)	Gains	Gains	Value	31.12.24
		01.01.23				31.12.24
Investment	portfolio	£6,280,086	(~209,818)	£45,016	£632,241	£6,747,525	£5,333,885

		Market
		Value
Sarasin Thematic Global		£5,769,519
6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
Other Debtors		43,691	40,937
		£43,691	£40,937
7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
Accruals		23,700	39,331
Other Creditors		56,480	71,276
		£80,180	£110,607

. CURRENT PERIOD — MOVE	MENT ON FUNDS
	Unrestricted	Unrestricted		Endowment		Restricted	Total
	General	Designated			Silver	Funds
Balance at 1 January 2024 Incoming resources Resources expended Gain on investments Impairment loss on asset Transfers	6,355,295 387,939 (684,808) 677,257 (139,025)		67,038 - - -		3,313,481 - - (774,759) -	- - 152,744 15,349 (143,386) 139,025	9,888,558 403,288 (828,1 94) 677,257 (774,759)
Balance at 31 December2024	£6,596,658	£67,038		£2,538,722		£163,732	£9,366,150
	Wayland	Silver	Chapel		Afghan	Prolect	Total
	Amputee	Fund	Fund		Veterans	1964
	Fund				Fund	Fund
Restricted Funds
Balance at 1 January 2024	87,423 60,585		2,985		1,751	-	152,744
Incoming resources	- 13,741		1,608		-	-	15,349
Resources expended Gain on investments Transfers	- (10,882) 10,334		(2,062) :		(1,780) 29	(128,662) 128,662	(143,386) 139,025
Balance at 31 December2024	£97,757 £63,444		£2,531		£-	£-	£163,732

. PRIOR PERIOD — MOVEMEN	T ON FUNDS
	Unrestricted	Unrestricted	Endowment	Restricted	Total
	General	Designated	Silver	Funds
Balance at 1 January 2023 Incoming resources Resources expended	6,072,316 519,516 (445,619)	- 67,038	- - 3,313,481	159,586 94,728 (125,216)	9,612,421 614,244 (570,835)
Gain on investments Transfers	232,728 (23,646)	- -	- -	- 23,646	232,728 -
Balance at 31 December2023	£6,355,295	£67,038	£3,313,481	£152,744	£9,888,558

	Wayland	Silver	Chapel	Afghan	Project	Total
	Amputee	Fund	Fund	Veterans	1964
	Fund			Fund	Fund
Restricted Funds
Balance at 1 January 2023 Incoming resources Resources expended	86,429 - (3,565)	47,710 12,875 -	3,940 1,179 (2,134)	21,507 - (19,756)	- 80,674 (99,761)	159,586 94,728 (125,216)
Gain on investments Transfers	~	:	-		19,08;	23,646
	___________
Balance at 31 December2023	_________ £87,423 £60,585 £2,985 £1,751 £ - £152,744

	Tangible		Current
	Fixed		Assets!	Net
Restricted Funds	Assets	Investments	(Liabilities)	Assets
Wayland Amputee Fund Silver Fund Chapel Fund	-	97,757 - -	- 63,444 2,531	97,757 63,444 2,531
Silver Endowment Fund	2,514,202	-	24,520	2,538,722
Unrestricted Funds
General Fund Designated — Essex Chapel Fund	28,633 -	6,649,768 -	(81,743) 67038	6,596,658 67,038
	£2,542,835	£6,747,525	£75,790	£9,366,150

	Tangible Fixed		Current Assets!	Net
	Assets ______	Investments	(Liabilities)	Assets
Restricted Funds Wayland Amputee Fund Silver Fund Chapel Fund Afghan Veterans Fund		- - - 87,423	60,585 2,985 1,751	87,423 60,585 2,985 1,751
Silver Endowment Fund	3,288,961	-	24,520	3,313,481
Unrestricted Funds
General Fund Designated — Essex Chapel Fund	27,268	6,192,663	135,364 67,038	6,355,295 67,038
	£3,316,229	£6,280,086	£292,243	£9,888,558