2024-09-30-accounts

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HOUSEHOLD DIVISION CHARITY

	Page
Reference and administrative information	1
Trustees’ report	2
Independent auditor’s report	8
Consolidated statement of financial activities	12
Consolidated balance sheet	13
Charity balance sheet	14
Consolidated cash flow statement	15
Notes to the accounts	16

`Charity`	`2024`	`2023`
	`£`	`£`
`Totalincome`	`810,157`	`713,179`
`Totalexpenses`	`(882,067)`	`(643,389)`
`Netincome/(expenditure)beforeinvestmentgains`	`(71,910)`	`(69,790)`
`Gains/(losses)oninvestments`	`383,120`	`149,693`
`Netincome/(expenditure)`	`311,210`	`219,483`
`NetAssets`	`7,816,340`	`7,505,130`
`Group`	`2024`	`2023`
	`£`	`£`
`Totalincome`	`5,263,602`	`TABLETO`
`Totalexpenses`	`(1,641,128)`	`(643,389)`
`Netincome/(expenditure)beforeinvestmentgains`	`(71,910)`	`(69,790)`
`Gains/(losses)oninvestments`	`480,401`	`149,693`
`Netincome/(expenditure)`	`4,102,875`	`219,483`
`NetAssets`	`11,608,005`	`7,505,130`

30 July 2025

						`12months`	`“4` `months`
		`Unrestricted`	`Restricted`	`Permanent`	`Expendable`	`Total`	`Total`
	`Notes`	`Funds`	`Funds`	`Endowment`	`Endowment`	`2024`	`2023`
		`£`	`£`	`£`	`£`	`£`	`£`
`Incomefrom:`
`Donationsandlegacies`	`2`	`109,351`	`307,967`	`.`	`-`	`417,318`	`77,764`
`_` `ssacaiaaia` `unds`	`3`	`576,634`	`225,794`	`:`	`.`	`802,428`	`496,091`
`Investmentincome`	`5`	`192,891`	`48,071`	`-`	`-`	`240,962`	`139,324`
`Charitableactivities`	`4`	`-`	`107,029`	`.`	`-`	`107,029`	`-`
`ValueofSubsidiaries`	`6`	`35,762`	`3,660,103`	`-`	`-`	`3,695,865`	`-`
`:` `Totalincome`		`914,638`	`4,348,964`	`-`	`-`	`5,263,602`	`713,179`
`Expenditureon:`
`Raisingfunds`	`7`	`305,579`	`167,938`	`-`	`.`	`473,517`	`290,742`
`eeeageieM`		`29,837`	`9,545`	`6,803`	`737`	`46,922`	`27,316`
`Charitableactivities`	`8`	`618,676`	`502,013`	`-`	`-`	`1,120,689`	`325.331`
`Totalexpenditure`		`954,092`	`679,496`	`6,803`	`737`	`1,641,128`	`643,389`
`Netincome/`
`(expenditure)before`		`(39,454)`	`3,669,468`	`(6,803)`	`(737)`	`3,622,474`	`69,790`
`investmentgains`
`oyeeron` `investmentassets`		`282,279`	`126,685`	`64,453`	`6,984`	`480,401`	`149,693`
`Netincome/`
`(expenditure)andnet`		`242,825`	`3,796,153`	`57,650`	`6,247`	`4,102,875`	`219,483`
`movementinfunds`
`Totalfundsbrought` `forward`		`5,564,520`	`608,221`	`‘1,208,759`	`123,630`	`7,505,130`	`7,285,647`
`Poetfundscarried` `forward`	`17`	`5,807,345`	`4,404,374`	`1,266,409`	`129,877`	`11,608,005`	`7,505,130`

		`30September2024`	`30September2024`	`30September2023`	`30September2023`
	`Notes`	`£`	`£`	`£`	`£`
`Fixedassets`
`Tangibleassets`	`11`		`1,629,852`		`82,945`
`Investments`	`12`		`8,749,816`		`7,056,424`
			`10,379,668`		`7,139,369`
`Currentassets`
`Stock`	`13`	`16,093`
`Debtors`	`14`	`158,637`		`60,016`
`Cashatbank`		`1,378,423`		`432,729`
		`1,553,153`		`492,745`
`Liabilities`
`Creditors:Amountsfallingduewithinoneyear`	`15`	`(324,816)`		`(126,983)`
`Netcurrentassets`			`1,228,337`		`365,761`
`Netassets`			`11,608,005`		`7,505,130`
`Funds`
`Unrestrictedfunds`	`17,`		`5,807,345`		`5,564,520`
`Restrictedfunds`	`17`		`4,404,374`		`608,221`
`PermanentEndowment`	`1%`		`1,266,409`		`1,208,759`
`ExpendableEndowment`	`a7,`		`129,877`		`123,630`
			`11,608,005`		`7,505,130`

		`30September`	`2024`	`30September2023`	`30September2023`
	`Notes`	`£`	`£`	`£`	`£`
`Fixedassets`
`Tangibleassets`	`11`		`81,869`		`82,945`
`Investments`	`12`		`7,388,918`		`7,056,424`
			`7,470,787`		`7,139,369`
`Currentassets`
`Debtors`	`14`	`66,230`		`60,016`
`Cashatbank`		`344,252`		`432,729`
		`410,482`		`492,745`
`Liabilities`
`Creditors:Amountsfallingduewithinoneyear`	`15`	`(64,929)`		`(126,983)`
`Netcurrentassets`			`345,553`		`365,761`
`Netassets`			`7,816,340`		`7,505,130`
`Funds`
`Unrestrictedfunds`	`17`		`5,765,382`		`5,564,520`
`Restrictedfunds`	`17`		`654,672`		`608,221`
`PermanentEndowment`	`17`		`1,266,409`		`1,208,759`
`ExpendableEndowment`	`17`		`129,877`		`123,630`
			`7,816,340`		`7,505,130`

					`12months`	`9months`
					`2024`	`2023`
			`Note`		`£`	`£`
`Net` `cash` `(used` `in)/` `provided` `operatingactivities`		`by`	`A`		`(200,857)`	`(6,009)`
`Cashflowsfrominvestingactivities`
`Investmentincome`					`234,573`	`139,324`
`Fixedassetadditions`					`(176,930)`	`(2,140)`
`Purchasesofinvestments`					`(1,423,450)`	`(828,921)`
`Disposalproceedsfrominvestments`					`1,442,513`	`983,392`
`Cashonformationofgroup`					`842,426`	`.`
`Netcashprovidedbyinvestingactivities`					`919,132`	`291,655`
`Changeincashandcashequivalents` `year`		`inthe`			`718,275`	`285,646`
`Cashandcashequivalents` `at01October` `2023`					`726,155`	`440,509`
`Cash` `and` `cash` `equivalents` `September2024`	`at`	`30`			`1,444,430`	`726,155`
`A.` `Reconciliation` `of`		`net`
`income/(expenditure)` `to`	`net`	`cash`
`flowfromoperatingactivities`
`Net` `income/(expenditure)`	`for`	`the`
`reportingperiodasperthestatementof`					`4,102,875`	`219,483`
`financialactivities`
`Adjustmentsfor`
`Depreciation`					`24,731`	`1,345`
`Lossondisposal`					`921`	`-`
`Investmentincome`					`(240,242)`	`(139,324)`
`Unrealisedinvestmentlosses/(gains)`					`(480,401)`	`(149,693)`
`Valueofsubsidiariesonformation`	`ofgroup`				`(3,695,865)`	`-`
`(Increase)/Decreaseindebtors`					`92,067`	`6,956`
`(Decrease)/Increaseincreditors`					`2;227`	`55,224`
`(Increase)/decreaseinstock`					`(7,170)`	`-`
`Netcashprovidedbyoperating`	`activities`				`(200,857)`	`(6,009)`
`Reconciliationofnetdebt`				`Asat`		`Asat30`
				`1October2023`	`Movementin`	`September`
					`theyear`	`2024`
				`£`	`£`	`£`
`Cashatbankandoninstantaccessdeposit`				`432,729`	`945,694`	`1,378,423`
`accounts`
`Cashwithinvestmentmanager`				`293,426`	`(227,419)`	`66,007`
				`726,155`	`718,275`	`1,444,430`

	`12months`	`9months`
	`2024`	`2023`
	`£`	`£`
`Donations`	`321,146`	`21,782`
`Subscriptionsandfees`	`54,600`	`38,707`
`Wagesinkind`	`41,572`	`17,275`
	`417,318`	`77,764`
`ctivitiestogeneratefunds`
	`12months`	`9months`
	`2024`	`2023`
	`£`	`£`
`Fundraisingevents`	`438,429`	`481,414`
`Museumsales`	`195,847`	`.`
`Officersmessincome`	`93,717`	`-`
`Choirchapelandfees`	`29,947`	`-`
`Otherincome`	`44,488`	`14,677`
	`802,428`	`496,091`
`ncomefromcharitableactivities`
	`12months`	`9months`
	`2024`	`2023`
	`£`	`£`
`Museumadmissions`	`107,029`	`-`
	`107,029`	`-`
`nvestmentincome`
	`12months`	`9months`
	`2024`	`2023`
	`£`	`£`
`Dividendsfromlistedinvestments`	`239,302`	`138,655`
`-intheUK`	`79,891`	`98,284`
`-outsidetheUK`	`159,411`	`40,371`
`Interest`	`1,660`	`669`
	`240,962`	`139,324`

	`King’sGuards`	`King’sGuards`	`GuardsChapel`	`GuardsChapel`	`GuardsMuseum`	`GuardsMuseum`	`Total`
	`OfficersMess`			`Trust`		`Trust`	`.`
		`£`		`£`		`£`
`FixedAssets`	`8,106`			`1,378,336`		`17,294`	`1,403,736`
`Investments`			`-`	`852,540`		`661,077`	`1,513,617`
`Stock`			`a`	`5,711`		`3,212`	`8,923`
`Debtors`	`3,073`			`1,394`		`180,552`	`185,019`
`Cash`	`37,074`			`366,545`		`376,557`	`780,176`
`Creditors`	`(12,491)`			`(124,640)`		`(58,475)`	`(195,606)`
	`35,762`			`2,479,886`		`1,180,217`	`3,695,865`
`tofraisingfunds`
				`12`	`months`	`9`	`months`
					`2024`		`2023`
					`£`		`E`
`Militaryevents`					`305,579`		`290,742`
`Museummerchandisepurchases`					`43,871`		`-`
`Chapelprofessional`	`fundraising`	`fees`			`124,067`		`-`
					`473,517`		`290,742`
`aritableactivities`
			`Direct`	`Support`	`Governance`		`2024`
			`Costs`	`Costs`		`Costs`	`Total`
			`£`	`£`		`£`	`£`
`Supportofmilitary`	`efficiency`		`356,475`	`26,755`		`73,258`	`456,488`
`Sportsandrecreation`			`77,734`	`1,786`		`-`	`79,520`
`GuardsMuseum`			`101,411`	`74,899`		`6,512`	`182,822`
`GuardsChapel`			`258,719`	`41,380`		`4,531`	`304,630`
`OfficersMess`			`90,076`	`4,403`		`2,750`	`97,229`
			`884,415`	`149,223`		`87,051`	`1,120,689`

HOUSEHOLD DIVISION CHARITY

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024

Support of military efficiency Sports and recreation Guards Museum Guards Chapel Officers Mess	Direct Costs £ 254,536 22,391 - - - 276,927	Support Costs £ 14,584 - - - - 14,584	Governance Costs £ 33,820 - - - - 33,820	2023 Total £ 302,940 22,391 - - - 325,331

9 Governance

Included within support costs in note 8 are governance costs as set out below:

Audit fees Accounting and support fees Advisory fees Legal fees 10 Wages and salaries Wages Social Security Pension costs Salary costs as Gift in Kind Travel costs	12 months 2024 £ 14,080 4,770 53,741 14,460 87,051 12 months 2024 £ 229,455 29,617 6,887 265,959 41,572 299 307,830	9 months 2023 £ 12,012 10,972 2,736 8,100
		33,820
		9 months 2023 £ 98,039 7,614 1,748
		107,401 17,275 -
		124,676

Employees and Trustee transactions

There were 9 employees (2023: 4 employees) during the period. Total costs of the key management personnel of the organisation amounted to £56,958 for the year (2023: 9 months: £47,082)

One employee was paid between £60,000 and £70,000 by the group in the year, on an annualised basis (2023: no employees).

The Trustees did not receive any remuneration nor reimbursement of expenses during the year (2023: nil).

Page 20

	`Short-` `toni`	`Equipment,`	`Property,`
		`fixtures`	`Silverand`	`Yacht`	`Organ`	`Total`
	`Leasehold` `Property`	`andfittin` `8`	`Artifacts`
	`£`	`£`	`£`	`£`	`2`
`Cost`
`At1 October2023`	`-`	`90,078`	`82,876`	`141,475`	`-`	`314,429`
`Groupformation(note6)`	`10,512`	`232,708`	`79,491`	`-`	`1,294,183`	`1,616,894`
`Additions`	`1,105`	`2,388`	`-`	`-`	`173,437`	`176,930`
`Disposals`	`.`	`(11,083)`	`-`	`-`	`.`	`(11,083)`
`At30September2024`	`11,617`	`314,091`	`162,367`	`141,475`	`1,467,620`	`2,097,170`
`Depreciation`
`At1 October2023`	`.`	`84,700`	`5,309`	`141,475`	`-`	`231,484`
`Groupformation(note6)`	`4,325`	`216,939`	`-`	`-`	`-`	`221,264`
`Disposals`	`-`	`(10,162)`	`-`	`-`	`:`	`(10,162)`
`Chargeduringyear`	`2,350`	`7,705`	`-`	`-`	`14,676`	`24,731`
`At30September2024`	`6,675`	`299,182`	`5,309`	`141,475`	`14,676`	`467,317`
`Netbookvalue`
`30September2024`	`4,942`	`14,909`	`157,058`	`-`	`1,452,943`	`1,629,852`
`30September2023`	`-`	`5,378`	`77,567`	`-`	`-`	`82,945`
`Tangiblefixed`	`assets`
`Charity`
	`Property&`	`Equipment,`	`Memorial`		`Yacht`	`Total`
	`Silver`	`fixturesand`
		`fitting`
	`£`	`£`		`£`	`a`
`Cost`
`At1 October2023`	`53,712`	`90,078`		`29,164`	`141,475`	`314,429`
`Additions`
`Disposals`
`At30September2024`	`53,712`	`90,078`		`29,164`	`141,475`	`314,429`
`Depreciation`
`At1 October2023`	`5,309`	`84,700`		`.`	`141,475`	`231,484`
`Disposals`
`Chargeduringyear`	`.`	`1,076`		`-`	`-`	`1,076`
`At30September2024`	`5,309`	`85,776`		`-`	`141,475`	`232,560`
`Netbookvalue`
`30September2024`	`48,403`	`4,302`		`29,164`	`.`	`81,869`
`30September2023`	`48,403`	`5,378`		`29,164`	`-`	`82,945`

`12`	`Listedinvestments`
		`Group`	`Group`	`Charity`	`Charity`
		`2024`	`2023`	`2024`	`2023`
		`£`	`£`	`£`	`£`
	`OpeningMarketvalue` `Groupformation-`	`7,056,424`	`6,919,528`	`7,056,424`	`6,919,528`
	`securitiesandcash(note6)` `Acquisitions`	`peivee!` `1,423,450`	`:` `828,921`	`‘` `1,303,459`	`:` `828,921`
	`Disposalproceeds`	`(1,442,514)`	`(981,247)`	`(1,317,661)`	`(981,247)`
	`eeepatireaiiaed` `investment(losses)/gains`	`480,401`	`149,693`	`597,451`	`149,693`
	`Movementincash`	`(281,562)`	`136,998`	`(237,682)`	`136,998`
	`Capitalwithdrawal`	`-`	`-`	`(11,000)`	`-`
	`Otherinvestment` `movement`	`;`	`2.531`	`(2,073)`	`2531`
	`ClosingMarketvalue`	`8,749,816`	`7,056,424`	`7,388,918`	`7,056,424`
	`Historicalcost`	`6,512,259`	`5,642,336`	`5,499,668`	`5,642,336`
		`Group`	`Group`	`Charity`	`Charity`
		`2024`	`2023`	`2024`	`2023`
		`£`	`£`	`£`	`£`
	`Representedby:`
	`UnitedKingdom`
	`-Equities`	`2,182,633`	`1,959,289`	`1,843,255`	`1,959,289`
	`-Bonds`	`795,416`	`1,069,187`	`1,267,156`	`1,069,187`
	`Overseas`
	`-Equities`	`4,355,168`	`2,833,608`	`3,462,634`	`2,833,608`
	`-Bonds`	`705,046`	`121,404`	`215,350`	`121,404`
	`Alternativeinvestments`	`645,546`	`556,355`	`544,779`	`556,355`
	`Investmentcash`	`66,007`	`293,426`	`55,744`	`293,426`
	`Other`	`-`	`223,155`	`-`	`223,195`
		`8,749,816`	`7,056,424`	`7,388,918`	`7,056,424`
`13`	`Stock`
		`Group`	`Group`	`Charity`	`Charity`
		`2024`	`2023`	`2024`	`2023`
		`£`	`£`	`£`	`£`
	`Clothandbadgematerials`	`yak`	`-`	`-`	`-`
	`Wine`	`8,286`
	`Museumstock`	`1,996`
		`16,093`	`-`	`=`	`2`

`14`		`Debtors`
					`Group`	`Group`	`Charity`		`Charity`
					`2024`	`2023`	`2024`		`2023`
					`£`	`£`			`£`
		`Otherdebtors`			`11322`	`4,000`	`4,000`		`4,000`
		`income` `oasesandeperied`			`147,315`	`56,016`	`62,230`		`56,016`
					`158,637`	`60,016`	`66,230`		`60,016`
`15`		`Creditors`
					`Group`	`Group`	`Charity`		`Charity`
					`2024`	`2023`	`2024`		`2023`
					`£`	`£`			`£`
		`Amounts`	`fallingduewithin`	`oneyear`
		`Tradecreditors`			`13,760`	`28,531`		`-`	`28,531`
		`Accruals`			`71,868`	`89,928`	`58,864`		`89,928`
		`Othercreditors`			`239,188`	`8,524`	`6,065`		`8,524`
					`324,816`	`126,983`	`64,929`		`126,983`
`16`	`Analysisof`		`netassetsbetween`	`funds`
	`Group`
			`Unrestricted`	`Restricted`	`Permanent`		`Expendable`		`30September`
			`funds`	`funds`	`Endowment`		`Endowment`		`2024`
									`Total`
			`£`	`£`		`£`	`£`		`£`
`Tangible` `fixedassets`			`81,869`	`1,547,983`		`-`	`-`		`1,629,852`
`Investments`			`6,012,485`	`1,360,898`		`1,241,861`	`134,572`		`8,749,816`
`Netcurrent` `assets`			`(287,009)`	`1,495,493`		`24,548`	`(4,695)`		`1,228,337`
			`5,807,345`	`4,404,374`	`1,266,409`		`129,877`		`11,608,005`
			`Unrestricted`	`Restricted`	`Permanent`		`Expendable`		`30September`
			`funds`	`funds`	`Endowment`		`Endowment`		`2023`
									`Total`
			`£`	`£`		`£`	`£`		`£`
`Tangible` `fixedassets`			`82,945`	`-`		`-`	`-`		`82,945`
`Investments`			`5,203,831`	`540,148`		`1,184,133`	`128,312`		`7,056,424`
`Netcurrent` `assets`			`277,744`	`68,073`		`24,626`	`(4,682)`		`365,761`
			`5,564,520`	`608,221`	`1,208,759`		`123,630`		`7,505,130`

`Charity`
	`Unrestricted`	`Restricted`	`Permanent`	`Expendable`	`30September`
	`funds`	`funds`	`Endowment`	`Endowment`	`2024`
					`Total`
	`£`	`£`	`5`	`£`	`£`
`Tangible` `fixedassets`	`81,869`	`-`	`.`	`-`	`81,869`
`Investments`	`5,447,275`	`565,282`	`1,241,796`	`134,565`	`7,388,918`
`Netcurrent` `assets`	`236,238`	`89,390`	`24,613`	`(4,688)`	`345,553`
	`5,765,382`	`654,672`	`1,266,409`	`129,877`	`7,816,340`
	`Unrestricted`	`Restricted`	`Permanent`	`Expendable`	`30September`
	`funds`	`funds`	`Endowment`	`Endowment`	`2023`
					`Total`
	`£`	`£`	`£`	`£`	`£`
`Tangible` `fixedassets`	`82,945`	`-`	`-`	`-`	`82,945`
`Investments`	`5,203,831`	`540,148`	`1,184,133`	`128,312`	`7,056,424`
`Netcurrent` `assets`	`277,744`	`68,073`	`24,626`	`(4,682)`	`365,761`
	`5,564,520`	`608,221`	`1,208,759`	`123,630`	`7,505,130`

						`Transfer`	`Balanceat`
`Fund`	`Balaper.at04` `October2023`	`Income`	`__Expenditure` `a!`		`Gale` `(Losses)`	`(referto` `note6)`	`oe` `September` `2024`
	`£`	`£`	`£`		`£`	`£`
`Unrestrictedfunds`
`Generalfunds`	`5,403,093`	`775,446`	`(856,862)`		`274,013`	`-`	`5,595,690`
`BingeGuardOfficers` `Mess- General`	`.`	`103,430`	`(97,229)`		`:`	`35,762`	`41,963`
	`5,403,093`	`878,876`	`(954,091)`		`274,013`	`35,762`	`5,637,653`
`Designatedfunds`
`Sailingfund`	`91,439`	`-`		`.`	`3,774`		`95,213`
`Yachtfund`	`69,988`	`-`		`.`	`4,491`	`-`	`74,479`
`TotalUnrestricted`	`5,564,520`	`878,876`	`(954,091)`		`282,278`	`35,762`	`5,807,345`
`Restrictedfunds`
`HouseholdDivision` `MilitaryEfficiency`	`608,221`	`20,150`	`(3,104)`		`29,405`	`-`	`654,672`
`Gladeye(Yacht)`	`-`	`14,561`	`(14,561)`		`.`	`-`	`-`
`Kneelersandplaques`		`15,000`	`(15,000)`		`;`	`:`	`.`
`GuardsChapelTrust-` `General`	`:`	`62,991`	`(234,926)`		`64,196`	`1,161,598`	`—+1,053,859`
`GuarsisChapelTrust-` `Organ`	`;`	`205,762`	`(182,058)`		`-`	`1,318,288`	`—*1,341,992`
`uedMuseumTruet;` `General`	`‘`	`337,926`	`(197,377)`		`33,085`	`~=—«1,180,217.-—S-1,353,851`
`GuardsMuseumTrust-`
`GrantinAid`	`a`	`seals`	`(38074)`			`-`	`5`
`TotalRestricted`	`608,221`	`688,861`	`(679,497)`		`126,686`	`3,660,103`	`4,404,374`
`Permanent`
`EndowmentFunds`
`HouseholdDivision` `GeneralPurpose`	`1,208,759`	`:`	`(6,803)`		`64,453`	`-`	`1,266,409`
`Expendable`
`EndowmentFunds`
`HouseholdDivision` `MilitaryEfficiency`	`123,630`	`-`	`(737)`		`6,984`	`.`	`129,877`
`TOTALFUNDS`	`7,505,130`	`1,567,737`	`(1,641,128)`		`480,401`	`3,695,865`	`11,608,005`

								`Balanceat30`
	`Balanceat`			`1`			`;`	`September`
	`October`		`2023`		`Income`	`Expenditure`	`—_`	`age`
				`£`	`£`	`£`	`£`	`£`
`Unrestrictedfunds`
`Generalfunds`	`5,403,093`				`775,446`	`(856,862)`	`274,013`	`5,595,690`
`Designatedfunds`
`Sailingfund` `Yachtfund`			`91,439` `69,988`		`-` `-`	`-` `-`	`3,774` `4,491`	`95,213` `74,479`
`Totalunrestricted`	`5,564,520`				`775,446`	`(856,862)`	`282,278`	`5,765,382`
`RestrictedFunds`
`MilitaryEfficiency`		`608,221`			`20,150`	`(3,104)`	`29,405`	`654,672`
`Gladeye(Yacht)`				`-`	`14,561`	`(14,561)`	`-`	`-`
`PermanentEndowmentfunds`
`GeneralPurpose`	`1,208,759`				`-`	`(6,803)`	`64,453`	`1,266,409`
`Expendableendowmentfunds`
`MilitaryEfficiency`		`123,630`			`-`	`(737)`	`6,984`	`129,877`
`Totalfunds`	`7,505,130`				`810,157`	`(882,067)`	`383,120`	`7,816,340`
`GroupandCharity`
								`Balanceat30`
	`—aie`	`.`					`Gainsand`	`September`
	`2me`				`Income`	`Expenditure`	`transfers`	`2023`
		`£`			`£`	`£`	`£`	`£`
`Unrestrictedfunds`
`Generalfunds`	`D292,322`				`700,044`	`(636,217)`	`106,944`	`5,403,093`
`Designatedfunds`
`Sailingfund`	`89,741`				`.`	`-`	`1,698`	`91,439`
`Yachtfund`	`68,238`				`-`	`-`	`1,750`	`69,988`
`Totalunrestricted`	`5,390,301`				`700,044`	`(636,217)`	`110,392`	`5,564,520`
`Restricted` `Funds`
`MilitaryEfficiency`	`585,719`				`13,135`	`(2,091)`	`11,458`	`608,221`
`PermanentEndowmentfunds`
`GeneralPurpose`	`1,188,223`				`-`	`(4,584)`	`25,120`	`1,208,759`
`Expendableendowmentfunds`
`MilitaryEfficiency`	`121,404`				`.`	`(497)`	`2,723`	`123,630`
`Totalfunds`	`7,285,647`				`713,179`	`(643,389)`	`149,693`	`7,505,130`

	`2024`	`2023`
	`£`	`£`
`Income`
`Donationsandlegacies`	`367,928`	`321,432`
`Charitableactivities`	`72,878`	`79,099`
`Othertradingactivities`	`-`	`-`
`Investments`	`18,035`	`21,357`
	`458,841`	`421,888`
`Expenditure`
`Raisingfunds`	`124,618`	`51,001`
`Charitableactivities`	`307,930`	`209,050`
	`432,548`	`260,051`
`Netincomeandmovementsinfunds`	`26,293`	`161,837`
`Gains/(losses)`	`63,117`	`24,557`
`Totalfundsbroughtforward`	`2,306,442`	`2,120,048`
`Fundscarriedforward`	`2,395,852`	`2,306,442`
	`2024`	`2023`
	`£`	`£`
`FixedAssets`
`Tangibleassets`	`1,532,540`	`1,378,336`
`Investments`	`666,736`	`853,619`
	`2,199,276`	`2,231,955`
`Stock`	`57.14.`	`Sail`
`Debtors`	`5,674`	`9,173`
`Cashatbankandainhand`	`318,857`	`189,667`
	`330,242`	`204,551`
`Creditors:amountsfallingduewithinoneyear`	`(133,666)`	`(130,064)`
`Netcurrentassets`	`196,576`	`74,487`
`Totalnetassets`	`2,395,852`	`2,306,442`

`CharityFunds`
`Unrestrictedfunds`	`1,038,859`	`1,074,153`
`Restrictedfunds`	`1,356,993`	`1,232,289`
	`2,395,852`	`2,306,442`

	`2024`		`2023`
	`£`		`ic`
`Income`
`Donations`	`8,488`		`8,607`
`Charitableactivities`	`136,146`		`121,741`
	`144,634`		`130,348`
`Expenditure`
`Charitableactivities`	`138,945`		`126,337`
	`138,945`		`126,337`
`Netincomeandmovementsinfunds`	`5,689`		`4,011`
`Totalfundsbroughtforward`	`36,274`		`32,263`
`Fundscarriedforward`	`41,963`		`36,274`
	`2024`		`2023`
	`£`		`£`
`CurrentAssets`
`Stock`	`8,386`		`8,106`
`Debtors`	`1,270`		`3,073`
`Cashatbankandainhand`	`49,919`		`38,323`
	`59,575`		`49,502`
`Creditors:amountsfallingduewithinoneyear`	`(17,612)`		`(135228).`
`Netcurrentassets`	`41,963`		`36,274`
`Totalnetassets`	`41,963`		`36,274`
`CharityFunds`
`Restrictedfunds`		`=`	`=`
`Unrestrictedfunds`	`41,963`		`36,274`
	`41,963`		`36,274`
`Page29`

	`ConsolidatedGuard`	`ConsolidatedGuard`	`StandaloneGuards`	`StandaloneGuards`
	`Museum`	`Trust`	`MuseumEnterprises`
	`2024`	`2023`	`2024`	`2023`
	`£`	`£`	`£`	`£`
`Income`
`Donationsandlegacies`	`47,529`	`115,887`
`Charitableactivities`	`107,028`	`132,615`
`Othertradingactivities`	`195,847`	`270,151`	`195,847`	`270,151`
`Investments`	`19,993`	`21,708`	`-`	`it`
	`370,397`	`540,361`	`195,847`	`270,152`
`Expenditure`
`Raisingfunds`	`128,437`	`154,785`	`55,417`	`116,320`
`Charitableactivities`	`101,411`	`187,746`	`140,430`	`153,832`
	`229,848`	`342,531`	`195,847`	`270,152`
`Netincomeandmovementsinfunds`	`140,549`	`197,830`	`-`	`-`
`Gains/(losses)`	`33,085`	`24,776`	`-`	`-`
`Totalfundsbroughtforward`	`1,180,218`	`957,612`	`(4,581)`	`(4,581)`
`Fundscarriedforward`	`1,353,852`	`1,180,218`	`(4,581)`	`(4,581)`

	`ConsolidatedGuard`	`ConsolidatedGuard`	`ConsolidatedGuard`		`StandaloneGuards`	`StandaloneGuards`
	`MuseumTrust` `2024` `2023`				`MuseumEnterprises` `2024` `2023`
	`£`		`£`		`£`	`£`
`FixedAssets` `Tangibleassets` `Investments`	`15,443` `694,162` `709,605`		`17,294` `661,077` `678,371`		`13,693` `:` `13,693`	`15,544` `:` `15,544`
`CurrentAssets` `Stock` `Debtors` `Cashatbankandinhand`	`1,996` `86,735` `665,396` `754,127`		`3,212` `180,552` `376,557` `560,321`		`1,996` `79,588` `96,325` `177,909`	`3,212` `91,580` `36,329` `131,121`
`Creditors:amountsfallingduewithin` `oneyear` `Netcurrentassets`	`(109,880)` `644,247`		`(58,475)` `501,846`		`(196,182)` `(18,273)`	`(151,245)` `(20,124)`
`Totalnetassets`	`1,353,852`		`1,180,217`		`(4,580)`	`(4,580)`
`CharityFunds`
`Restrictedfunds` `Unrestrictedfunds` `ShareCapital`	`1,353,852`	`:`	`1,180,217`	`:`	`;` `1`	`:` `1`
`Profitandlossaccount`	`1,353,852`	`e`	`1,180,217`	`3`	`(4,581)_` `(4,580)`	`(4,581)` `(4,580)`

								`9`
								`months`
			`Unrestricted`	`Restricted`	`Permanent`	`Expendable`		`Total`
	`Notes`		`Funds`	`Funds`	`Endowment`	`Endowment`		`2023`
			`£`	`E`	`£`		`£`	`£`
`Incomefrom:`
`Donations,`
`legacies,`
`subscriptionsand` `paymentsinkind`		`2`	`TEC`	`.`	`;`		`i`	`a`
`aca` `generatefunds`		`3`	`496,091`	`:`	`:`		`-`	`496,091`
`Investment` `income`		`4`	`126,189`	`13,135`	`-`		`-`	`139,324`
`Pikaincoie`			`700,044`	`13,135`	`-`		`-`	`713,179`
`Expenditureon:`
`Raisingfunds`		`5`	`290,742`	`-`	`-`		`-`	`290,742`
`poeenaene` `managementcosts`			`20,144`	`2,091`	`4,584`	`497`		`27,316`
`=` `activities`		`6`	`325,331`	`5`	`:`		`-`	`325,331`
`ae` `expenditure`			`636,217`	`2,091`	`4,584`	`497`		`643,389`
`Net`
`income/(expend` `iture)before`			`63,827`	`11,044`	`(4,584)`	`(497)`		`69,790`
`investmentgains`
`Gain/(loss)on` `tiveatinent`			`110,392`	`11,458`	`25,120`	`2,723`		`149,693`
`Net`
`income/(expend`
`iture)andnet`			`174,219`	`22,502`	`20,536`	`2,226`		`219,483`
`movement` `in`
`funds`
`Totalfunds` `brought forward`			`5,390,301`	`585,719`	`1,188,223`	`121,404`		`7,285,647`
`Le` `asecisiane` `carriedforward`	`13`		`5,564,520`	`608,221`	`1,208,759`	`123,630`		`7,505,130`

OpenCharities

CONTENTS

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024

9 Governance

Employees and Trustee transactions