## 

## 

|Membership|of the Court ofAssistants ..||
|---|---|---|
|Annual<br>Report ofthe Court ofAssistants.||,.....2-9|
|Independent|Auditors'<br>Report ..|......10-13|
|Consolidated|Statement of Financial Activities.|..14-15|
|Consolidated|and Charity Balance Sheets ..|.....16|
|Consolidated|Statement<br>ofCash Flows ..|. .17|
|Notes to the|Financial Statements. .|..18-37|





Htsnollrable ATtilltry Company
The Membership of the CDUrt of Assistants of the Company a¥ at 31 October 2￿21 was:
EX-OFFICIO MEMBERS
Captain£eneral.............
..Her Majesty'Lhe Queen"
Colonel Commandant & Pre5ident..........................General Sir Patrick Sanders KCB CBE DSO ADC GLn
Vice President.............,.................................................................... .
..Majur P D C Vyvyan-Robinson TD
Treasurer........... ..............-...................................................... .........-.-............-........,................,..M P Basing Esq
Regimental Colonel... .... .
.Lieutenant Culonel A D C Caie TD
Commanding Offi￿r IResigncsd 01106/211............
Lieutenant Colonel J P Chorley
Commanding Officer (Appointed 01/061211............................. .. ... ......-...Lieutenant Colonel A G E Bate
Seniur Major.........................................................-................................................................ .. Major W H Grove
Commander of the City of London Special Constabulary Dotachment
.Spccial Superintendent P M P FitzGerald
Captain of the Company of PikLmen & Muskctcers......... ...-...................................-.. Major R l Jackson TD
Officer Commanding thc Light Cavalry..................................................... ..
. A R Willis VR
HONORARY MEMBERS¥
HRH Princc Michael of Kent GCVO, Iloyal Honorary Colcjnel
Field Ma￿￿al SirJohn Chapple GCB CBE DL
Brigadier General Joe Milano AHAQ
Thc Lord Mayor, the AldermeTh the Recorder and Sherif15 of the City of Londun for the time being
Not Trustees of the Company.
TWENf¥-THREE MEMBERS
lal Appuirtted by the CommAnding Officer. Sgt DudmaA I. A
{b} Appointed by the Court uf A5515tAntJ.' l.j¢u1e￿Qn£ Colonel S l R Ilolliday TD,. G R Spnith Esq
cl UHe to the coroArtv1rn5 p4ndemlc, there WAS no electivrt thrs yeAF. Instead, the tenn for existimg
F.lected Assiylattts was extended hy th¢ AKnuAI GeMerAI LviiTt for R fvrther yeAr (one Assista*t W118
drAwnfrom the Lleclive list..
Major Q V Marmcnt VR12COII
Major Gcneral S I,. N Lalor CB TD119931
SpLrial 5erseant Dr S F F.dwardg120201
Majcjr D Bri%don TD1211181
Major T L Davies TD119821
E A Seabru()k F..sq119911
Major J O Lei%hton'l'D {20U41
Captain I l D N M Voyantziq12007)
Major R P Quain TD121J061
The Reverend Imajorl M W Bozerra Speeks CF
120161
Captain R M I luleatt-lame.$ TD120101 IT￿S18ned
24103/2021)
Note.. T1￿ drtte i77 brockets $h(xv.¥ the yeor eocli member Twsfir51 Apyoinled or elect¢d to tlw Court.
Licutcnant Colonel J R l.ongbottom MBE QVRM
VR121K)21
Major I C S Mi)rpcth TD119921
C.aplain H R loe119971
I,ieutenant T I Mun¥Lir.Godfiey {2019)
Major l A Ilobingon120161
Major S C Brisgb TD12003}
Majur C O Wragg {2U201
Coplain T H Cardwell120161
M J Cutter1d￿ E5q120I91
L/Cpl WatBnn C_120211 (Appointed 24/03/20211
The Princlpal Executtve Offlcers 0£ the Company are.,
Chief ExeLUtive....
Court & Metnber5hip Secretary....................
Finance Controller.... .. ............,...............................,.. .. .. ...-..- .- ..
Dir£rtor ol Catcring & Events..-.-.-.
Housc Manager..-.....-............................................................................ .. .. .
.S D Cronc OBr,
..D A K Frp?man l.vo
..S Hcwelt I",CCA
.Mrs R Kitchin8
..H W GreL'n E>q

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|Auditors|Buzzacott LLP||130Wood Street,|
|---|---|---|---|
||||London EC2V 6DL|
|Solicitors|Charles Russell Speechlys LLP||5Fleet Place, London EC4M 7RD|
||Boodle Hatfield LLP||240 Blackfriars Road,|
||||London SE18NW|
|Bankers|National<br>Westminster|Bank Pic|1Princes Street, London EC2R8BP|
|Property|Daniel Watney LLP||165Fleet Street|
|Agents|||London EC4A 2DW|
|Investment|Smith &Williamson||25Moorgate,|
|Managers|||London EC2R 6AY|



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## 

|Year ended 31October 2021||||||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
||||Unrestricted|Restricted|Endowment|31-Oct|31-Oct|
||||Funds|Funds|Funds|2021|2020|
|||Note|fooo|6)00|6000|6000|6000|
|INCOME AND ENDOWMENTS FROM:||||||||
|Donations<br>and legacies||3|3|34||37|56|
|Charitable<br>aetivihesi||||||||
|Member subscriptions|||309|||309|310|
|Other income|||7|184||191|204|
|Other trading activities||6|917|||917|1,158|
|Investments:||||||||
|Investment<br>property<br>income|||1,698|||1,698|1,651|
|Listed investments|||135|89|4|228|165|
|Interest on cash deposits|||||||9|
|Total income||17|3,069|307|4|3/80|3,553|
|EXPENDITURE ON:||||||||
|Raising Funds||||||||
|Trading costs||6|878|||878|1,132|
|Investment<br>property costs||7|246|||246|323|
|Investment<br>management<br>charges||12|44|||73|68|
|Charitable<br>activities:||||||||
|Military<br>grants and other charitable|||151|267||418|668|
|expenditure||||||||
|Maintenance<br>and operation of Armoury||||||656|815|
|House||||||||
|Membership<br>services and general||10|732|||734|780|
|adnunistration||||||||
|Total expenditure||17|2.707|297||3,005|3,786|
|Net operating<br>income/(expenditure)|||362|10||375|(233)|
|Gairu/(tosses)<br>on investments||||||||
|Net gain/(loss)<br>on Listed investments||12|1,239|889|57|2,185|(868)|
|Investment<br>property<br>revaluation|goes)/gain|11c|(417)|||(417)|8,773|
|Net income|||1,184|899|60|2,143|7,672|
|Other recognised<br>gains||||||||
|Actuarial<br>gains on defined benefit|pension|16|9||||14|
|scheme||||||||
|Net movement<br>in funds for year|||1,193||60|2152|7686|
|Funds brought fmward at1November2020||17|57,531|4317|119|61,967|54,281|
|Funds carried forward at31October 2021||18|58,724|5,216|179|64,119|61,967|





## 

## 

|Year ended 31October|2020||||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Total|
||||||Unrestricted|Restricted|Endowment|31-|
|||||||||Oct|
||||||Funds|Frlnds|Funds|2020|
|||||Note|6000|6000|6000|6000|
|INCOME AND ENDO WMENTS||FROM:|||||||
|Donations<br>and Ieganes||||||55||56|
|Charitable<br>activiiiest|||||||||
|Member subscri ptione|||||310|||310|
|Ottnrincome||||||||204|
|Other trading activities|||||1,158|||1,158|
|lm estments:|||||||||
|investment<br>praperly<br>mcome|||||1,651|||1,651|
|Listed mvestments|||||100|63||165|
|interest on cash deposas|||||7|2||9|
|Totalin co me||||17|3427|324||3,553|
|EKPENDITURE ON:|||||||||
|Raising Funds|||||||||
|Trading costs||||6|1,132|||1,132|
|investment<br>properly<br>costs||||7|323|||323|
|Investmen<br>I management|charges|||12|36|31||68|
|Chnritableactivities:|||||||||
|Mt h ton7 grants and other|drari table expendi ture|||8|383|283||668|
|Maintenance<br>and operation ofArmouni|||House|9|815|||815|
|Membership<br>servtces and|general|adndnistration||10|774|||780|
|Total expenditure||||17|3,463|320|3|3,786|
|Net operatingincome|||||(236)||(1)|(233)|
|Gainer(tosses)<br>oninvesanents|||||||||
|Net gain/(lass)<br>on Listed mvestments||||12|(525)|(33I)|(I2)|(868)|
|investment<br>property<br>revatuatton||gain||Ilc|8,773|||8,773|
|Net incornej(expenditure)|||||8,012|(327)|(I3)|7,672|
|Other recognised gains|||||||||
|Actuarial<br>gains on def(ned benefh||pension||16|14|||14|
|scheme|||||||||
|Net movement infunds for year|||||8,026|(327)|(13)|7,686|
|Funds brought forward at|1Navember||2019||49,505|4,644|132|54,281|
|Funds carried fonvard at 31October 2020||||18|57,531|4,317|119|61,967|





## 

|CONSOLIDATED &CH<br>31OCTOBER|ARITY BALANCE|SHEETS|||||
|---|---|---|---|---|---|---|
|2021|||2021|2020|2021|2020|
||||Group|Group|Charity|Charity|
|||Note|6000|6000|%000|6000|
|Fixed Assets|||||||
|Tangible assets —own use<br>Tangible assets —Light Cavalry||I1a<br>1Ib|4,902<br>16|5,149<br>13|4,573<br>16|4,820<br>13|
|Tangible assets —Heritage assets||1'lb|147|143|147|143|
|investment<br>properties||11c|44,838|45,255|44,838|45,255|
|intangible<br>assets —software - own use||lid|47|73|47|73|
|Listed investments||12|10,784|8,106|10,784|8,'106|
|Shareholding<br>in subsidiaries||13|||301|301|
|Total fixed assets|||60,'734|58,739|60,706|58,711|
|Current assets|||||||
|Stocks|||7|6|1|I|
|Debtors and prepayments<br>Short-term<br>deposits<br>Cash at bank and in hand||14|780<br>2,376<br>972|743<br>2,376<br>832|1,064<br>2,376<br>531|907<br>2,376<br>527|
|Liabilities:|||4,135|3,957|3,972|3,811|
|Creditors falling due within one year||15|(687)|(657)|(496)|(483)|
|Net current assets|||3~8|3,300|3,476|3,328|
|Total net assets before pension liability|||64,182|62,039|64,182|62,039|
|Pension scheme funding|liability|16|(63)|(72)|(63)|(72)|
|NET ASSETS|||64,119|61,967|64,119|61,967|
|CHARITABLE FUNDS|||||||
|General Fund||17&18|l,681|1,194|1,681|1,194|
|Desiguatetl<br>Reserves<br>Fixed Asset Fund||17&18<br>17&18|7,318<br>49,788|5x132<br>50,477|7,318<br>49,788|5,932<br>50,477|
|Less: Pension Reserve (liability)||16|(63)|(72)|(63)|(72)|
|Restricted Funds<br>ltndowment<br>Funds||17&18<br>17&18|58,724<br>5,216<br>179|57,531<br>4,317<br>I l9|58,724<br>5,216<br>179|57,531<br>4,317<br>119|
|TOTAL CHARITABLE FUNDS|||64,119|61,967|64,119|61,967|





## 

## 

||||||||Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||||||31-Oct2021|31-Oct2020|
|||||||Nole|6'000|6000|
|Cash flows from operating activities:|||||||||
|Net cash (used) in operating<br>achvities|||||||(946)|(2,042)|
|Cash flows from investing<br>activities:|||||||||
|Dividends,<br>interest and rent from investments|||||||1,680|1,504|
|Purchase of tangible<br>and intangible<br>assets||||||lla/lib/lid|(24)|(291)|
|Purchase ofheritage assets||||||lib|(4)|(4)|
|Purchase of investments<br>—listed investments||||||12|(580)|(560)|
|Disposal ofmvestments<br>—listed investments||||||12|14|7|
|Net cash provided<br>by/(used<br>m) investing|||activihes||||1,086|656|
|Change in cash and cash equivalents|in reporting|||period|||140|(1386)|
|Cash and cash equivalents<br>at 1November|||2020||||3308|4,594|
|Cash and cash equivalents<br>at31October||2021|||||3,348|3,208|
||||||||2021|2020|
||||||||6000|6000|
|||||||Note|||
|Reeoneiliation<br>ofnet income to net cash|flow from||||||||
|operahng<br>activihes|||||||||
|Net income for the reporting period|||||||2,143||
|Adjustments<br>for:|||||||||
|Depreciation<br>Charges:|||||||||
|Depreciation,<br>amortisation<br>&impairment||||||lie/lid|283|313|
|Light Cavalry and Pikeman &Musketeers|||depreciation|||lib|5|41|
|Loss on the disposal ofFixed Assets|||||||6|2|
|(Gain)/Loss on Listed investments||||||12|(2,185)|868|
|Loss/(Gain)<br>on Investment<br>Property Revaluation||||||1lc|417|(8,773)|
|Rents, dividends<br>end interest from investments:|||||||||
|Investment<br>property<br>income|||||||(1,698)|(1,651)|
|Listed investments|||||||(228)|(165)|
|Interest on cash deposits||||||||(9)|
|Investment<br>property<br>costs||||||7|246|323|
|Investment<br>management<br>charges||||||12|73|68|
|pncrease) in stocks|||||||(I)||
|(Increase)/Decrease<br>in debtors<br>Increase/(Decrease)in<br>creditors|||||||(»)<br>30|109<br>(840)|
|Net cash (used in)/ generated<br>by operating|||aclivities||||(946)|(2,042)|
|Analysis ofcash and cash equivalents|||||||||
|Cash in hand|||||||972|832|
|Notice deposits (less than 3months)|||||||2/76|2,376|
|Total cash and cash equivalents|||||||3,348|3,208|
||||||||At 31||
|||||||Cash|October||
|Reconciliation<br>ofnet debt||At1November|||2020|flows|2021||
||||||6000|f000|6000||
|Cash and cash equivalents|||||3208|140|~348||





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## 

## 

|Yea|r ended 31Octob|r ended 31Octob|er 2021(|er 2021(|cont|'d)||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|3.|Donations<br>and||legacies|||||||2021|2020|
|||||||||||f000|OOOO|
||Unrestricted|Fund||||||||3|1|
||Benevolent<br>Fund|||Restricted||Funds||||13|53|
||Other Restricted|||Funds||||||21|2|
||Total|||||||||37|56|
|4.|Member subscriptions|||||||||2021|2020|
|||||||||||6000|6000|
||Paid by members|||||||||285|293|
||Tax recovered|on||Gift Aid subscriptions||||||55|49|
||Entrance fees|||||||||2|3|
||VAT payable|on subscription||||income||||(33)|(35)|
||Total|||||||||309|310|
|5.|Other income|||||||||2021|2020|
|||||||||||6000|6000|
||Pikemen<br>& Musketeers||||income||Restricted|||14|32|
||Funds|||||||||||
||Light Cavalry|income Restricted Funds||||||||170|170|
||Other Events|||||||||7|2|
||Total|||||||||191|204|
|6.|Other trading|activities||||||||||
|||||||||2021|2021|2021|2020|
|||||||||Income|Expenses|Surplus/|Surpluttf|
|||||||||||(Deficit)|(Deficit)|
|||||||||6000|6000|6000|6000|
||Sutling|||||||538|(652)|(114)|34|
||Sports &grounds|||activities||||332|(150)|182|(1)|
||Bedrooms|||||||32|(52)|(20)|(25)|
||Car parking|||||||11||11|43|
||Sale ofbooks,|ties, cards|||and|other|income|4||3|1|
||Flank Companies'|||Ball||||||||
|||||||||917|(855)|62|52|
||Other Expenses|||||||||||
||Audit fees||||||||(5)|(5)|(10)|
||Administration||charge||||||(18)|(18)|(16)|
||||||||||(23)|(23)|(26)|
||Total|||||||917|(878)|39|26|





## 

## 

|6.|Other trading|a|cHvit|ies||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||2020|2020|2020|
||||||||Income|Expenses|Surplus'|
||||||||||(Deficit)|
||||||||6000|6000|6000|
||Sutling||||||921|(887)|34|
||Sports &grounds|||activi ties|||136|(137)|(1)|
||Bedrooms||||||54|(79)|(25)|
||Car parking||||||43||43|
||Sale ofbooks,||ties,|cards and otherincome|||4|(3)|1|
||Flank Companies'|||Ball||||||
||||||||1,158|(1,106)|52|
||Other Expenses|||||||||
||Audit fees|||||||(10)|(10)|
||Administration||charge|||||(16)|(16)|
|||||||||(26)|(26)|
||Total||||||1,158|(1,132)||
|7.|Investment|property income and||||||2021|2020|
||expenditure|||||||||
||Income|||||||6000|6000|
||Commercial|||||||961|955|
||Residential|||||||373|353|
||Other rental|income||||||364|343|
||Total income|||||||1,698|1,651|
||Expenditure|||||||||
||Management||fees|(including|the Pencelli|estate)||44|37|
||Cost ofinsurance,|||legal and|professional|fees||38|57|
||Maintenance||and|repairs||||164|229|
||Total expenditure|||||||246|323|





## 

## 

|||||||||No of||No of||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Grants|2021|Grants|2020|
|||||||||2021|6000|2020|6000|
||Grants to the Regiment<br>and Sub|Units||||||14|151|14|342|
||Other charitable<br>expenditure<br>from||Unrestricted|||Fund||7|3|7|7|
||Vambrace impairment<br>provision|from Restricted||||Funds|||55||34|
||Total grants paid from the Company's|||general||resources||21|209|21|383|
||Grants from the Regimental<br>Grants||Fund||(not quantified)|||||2|37|
||Grants<br>from<br>the<br>Benevolent|Fund||to|individuals||from||15|15|17|
||Restricted Funds|||||||||||
||Other charitable expenditure<br>from||Restricted Funds|||||||||
||Grants to Pikemen &Musketeers|from the Dugdale Bequest||||||||||
||Total grants paid|||||||31|227|42|442|
||Pikemen &Musketeers<br>expenditure||||||||18|-|59|
||Light Cavalry expenditure||||||||173|-|167|
||Total military grants and other|charitable|||expenditure|||31|418|42|668|
|9.|Maintenance<br>and operation ofArmoury||||House|||||||
||||||||||2021||2020|
||||||||||6000||6000|
||Staff costs, including<br>taxes and pension|||contributions|||||371||409|
||(including<br>contract and temporary||staff)|||||||||
||Rates, water, power and heating|||||||||82|106|
||Cleaning and waste removal|||||||||40|41|
||Property<br>maintenance<br>and repairs||||||||206||303|
||Treasures, Archives|||||||||49|60|
||Recharges to trading subsidiaries|||||||||(92)|(104)|
||Total||||||||656||815|





## 

## 

||||2021|2021|2021|2020|2020|2020|
|---|---|---|---|---|---|---|---|---|
||||8000|6000|F000|6000|6000|6000|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||Funds|Funds||Funds|Funds||
|Staff costs, including|taxes,||||||||
|pension contributions|and||||||||
|pensions to former employees|||419||419|453||453|
|Employee termination|payments||19||19|3||3|
|Office services, ITand|||||||||
|telephone|||99||99|128||128|
|Membership<br>administration|||14||14|20||20|
|Insurance|||96||96|87||87|
|Publications|||25||25|59||59|
|Bank charges, other legal and|||||||||
|professional<br>costs|||42||42|39||39|
|Recharges to trading|||||||||
|subsidiaries||||||(65)|—|(65)|
|Benevolent<br>Fund|||||||||
|administration<br>costs|||||2||6|6|
|Governance|||29||29|50||50|
||||732|2|734|774|6|'780|
|Auditors'<br>remuneration|||||||||
|(excluding VAT) included||in|||||||
|above total:|||||||||
|Audit Fees|||24||24|30||30|





## 

|lla.|Tangible fixed|assets|Freehold'|Furniture,||Subsidiary||
|---|---|---|---|---|---|---|---|
||for own use||Leasehold Land|Plant and|Charity|Freehold|Group|
||||sr Buildings|Equipment|Total|Land|Total|
||||OOOO|OOOO|0000|0000|OOOO|
||Cost|||||||
||At 1November|2020|8,574|1,875|10,449|329|10,778|
||Additions||10||10||10|
||At 31October 2021||8,584|1,875|10,459|329|10,788|
||Depreciation|||||||
||At 1November|2020|4,481|1,148|5,629||5,629|
||Charge for year||120|137|257||257|
||At 31October 2021||4,601|1,285|5,886||5,886|
||Net BookValue|||||||
||At 31October 2021||3,983|590|4,573|329|4,902|
||At 31October 2020||4,093|727|4,820|329|5,149|





## 

|11b.|Tangible fixed|assets, contd||Ptkemeu|tk||
|---|---|---|---|---|---|---|
||||Light Cavalry<br>f000|Musketeers<br>f000||Heritage Assets<br>f000|
||Cost||||||
||At INovember|2020|52|300||143|
||Additions||14|||4|
||Disposals||(29)||||
||At 31October 2021||37|300||147|
||Depreciation||||||
||At 1November|2020|39|300|||
||Charge for year||5||||
||Disposals||(23)||||
||At 31October 2021||21|300|||
||Net BookValue||||||
||At 31October 2021||16|||147|
||At 31October 2020||13|||143|





## 

## 

|Fixed|assets, contd|||||
|---|---|---|---|---|---|
|llc.|Investment|Properties||2021|2020|
|||||6000|6000|
||Valuation at|1November|2020|45,255|36,482|
||Revaluation|(loss)/gain||(417)|8,773|
||At 31October 2021|||44,838|45,255|



|Intangible<br>asset|s - Software for own use||
|---|---|---|
|||2021|
|||6000|
|Cost|||
|At 1November|2020|101|
|At 31October 2021||101|
|Amortisation|||
|At 1November|2020|28|
|Charge for year||26|
|At 31October 2021||54|
|Net BookValue|||
|At 31October 2021||47|
|At 31October 2020||73|





## 

|||||2021|2020|
|---|---|---|---|---|---|
|||||6000|6000|
|Investments|at valuation|—1November|2020|8,106|8,489|
|Funds added||||580|560|
|Funds removed||||(14)|(7)|
|Revaluation|gain/(loss)|||2,185|(868)|
|Investment|management|charges||(73)|(68)|
|Investments|at market|value - 31October 2021||10,784|8,106|
|Investments|at cost|||8,106|7,276|
|Unrealised|gains|||2,678|830|
|||||10,784|8,106|
|Split ofinvestments - 31October 2021||||||
|UK listed investments||||4,654|3,984|
|Overseas listed investments||||3,077|3,679|
|Multi-Asset|funds|||980|127|
|Held as cash||||2,073|316|
|||||10,784|8,106|



## 



## 

## 

||||HAC Enterprises|HAC|Flank|Flank|||
|---|---|---|---|---|---|---|---|---|
||||Ltd|Companies'||Ball Ltd|Pencelli|Ltd|
||||8000||8000||8000||
||Fixed assets||||||||
||Tangible assets for|own use|||||329||
||Shares in subsidiary<br>(see above)||||||||
||Total fixed assets||||||329||
||Current assets||||||||
||Stocks||6||||||
||Debtors||325||||||
||Other debtors and|prepayments|1||||||
||Cash at bank and in hand||433||||||
||Total current assets||765||||||
||Creditors||||||||
||Trade creditors||37||||||
||Accruals and deferred income||159||||||
||Amounts<br>owed to Company||569|||||29|
||Total creditors||765|||||29|
||Net cunent assets/(liabilities)|||||||(29)|
||Net assets||||||300||
||Share capital ofsubsidiary||||||300||
|14.|Debtors and prepayments|||Group|||Charity||
|||||2021||2020|2021|2020|
|||||8000||8000|8000|8000|
||Trade debtors|||404||326|77|310|
||Sundry debtors|||48||61|40|35|
||Prepayments<br>and|accrued income||323||333|323|321|
||Taxation|||5||23|5|23|
||Amounts<br>owed by subsidiaries||(note 13)||||619|218|
||Total|||780||743|1,064|907|





|15.|Creditors due within one year|Group||Charity||
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||6000|6000|6000|6000|
||Trade creditors|153|163|116|146|
||Accruals|169|169|166|167|
||Deferred income|235|253|84|98|
||Taxation|24|21|24|21|
||Other creditors|106|51|106|51|
||Total|687|657|496|483|



## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||6000|OOOO|
|Opening|liability|at 1November||2020||72|86|
|Past service cost||||||(10)|(10)|
|Changes|in demographic||and financial||assumptions|1|(4)|
|Closing|liability|31October 2021||||||





## 

## 

|Year|ended 31Octobe|r 2021 (cont'|d)|||||
|---|---|---|---|---|---|---|---|
|17.|Charitable<br>Funds|||||||
||a)Current period||1November|Income|Expenditure|Investment|31October|
||||2020|||Gains/(Losses)|2021|
|||||||&Transfers||
||||Oooo|fooo||fooo|f000|
||Unrestricted<br>Funds:|||||||
||General Reserve||1,194|3,069|(2,435)|(147)|1,681|
||Designated<br>Reserves||5,932|||1,386|7,318|
||Fixed Asset Fund||50,477||(272)|(417)|49,788|
||Less: Pension Reserve liability||(72)|||9|(63)|
||Total Unrestricted|Funds|57,531|3/)69|(2,707)|831|58,724|
||Restricted Funds:|||||||
||Benevolent Fund||2,944|98|(65)|814|3,791|
||Regimental<br>Grants|Fund|506||||506|
||Light Cavalry||173|169|(172)||170|
||Pikemen &Musketeers||277|13|(21)||269|
||Other Restricted Funds||417|27|(39)|75|480|
||Total Restricted Funds||4,317|307|(297)|889|5,216|
||Endawment<br>Funds|||||||
||Dugdale Bequest||119||0)|57||
||Total Funds||61,967|3,380|(3,005)|1,777|64,119|
||b)Prlorperiod||INovember|Income|Expenditure|Investment|31October|
||||2019|||Gains/(Losses)|2020|
|||||||dr Transfers||
||||6000|fooo|fooo|fooo|6000|
||Unreshicted<br>Funds:|||||||
||General Reserves||IP32|3,227|(3,463)|(102)|I,I94|
||Designated<br>Reserves||6,281|||(349)|5,932|
||Fixed Asset Fund||41,778|||8,699|50,477|
||Less: Pension Reserve liability||(86)|||14|(72)|
||Total Unrestricted|Funds|49,505|3&7|(3,463)|8,262|57,531|
||Restricted Funds:|||||||
||Benevolent Fund||3,198|114|(53)|(315)|2,944|
||Regimental<br>Grants|Fund|542|1|(37)||506|
||Light Cavalry||170|170|(167)||173|
||Pikemen &Musketeers||304|32|(59)||277|
||Other Restricted Funds||430|7|(4)|(16)|417|
||Total Restricted Funds||4,644|324|(320)|(331)|4,317|
||Endowment<br>Funds|||||||
||Dugdale Bequest||132|||(12)|119|
||Total Funds||54,281|3,553|(3,786)|7,919|61,967|
||||||||33|





## 

## 

## 

## 



## 

|nded 31Octobe|r 2021 (cont'd)||||||
|---|---|---|---|---|---|---|
|Analysis ofGroup|net assets between|Tangible and|Investments|Current|I.iabilities|Total|
|Funds —2021||Intangible||Assets||2021|
|||Fixed Assets|||||
|||f000||f000|6'000|6000|
|Unrestricted<br>Funds|||||||
|General Reserve|||1,659|676|(654)|1,681|
|Designated<br>Reserves|||4,977|2,341||7,318|
|Fixed Asset Fund||49,788||||49,788|
|Less: Pension Reserve liability|||||(63)|(63)|
|Total Unrestricted|Funds|49,788|6,636|3,017|(717)|58,724|
|Restricted Funds|||||||
|Benevolent Fund|||3,745|62||3,807|
|Regimental<br>Grants|Fund|||506||506|
|Light Cavalry||16||54|(31)|39|
|Pikemen &Musketeers||||272|(2)|270|
|Other Restricted Funds||146|229|219||594|
|Total Restricted Funds||162|3,974|1,113|(33)|5,216|
|Endowment<br>Funds|||||||
|Dugdale Bequest|||174|||179|
|Total Funds||49,950|10,784|4,135|(750)|64,119|



|Analysis ofGroup|net assets between|Tangible|Investments|Current|Liabilities|Total|
|---|---|---|---|---|---|---|
|Funds —2020||Fixed Assets||Assets||2020|
|||f000|6000||6'000||
|Unrestricted<br>Funds|||||||
|General Reserve|||1367|562|(635)|1,194|
|Designated<br>Reserves|||3,682|2,250||5,932|
|Fixed Asset Fund||50,477||||50,477|
|Less: Pension Reserve liability|||||(72)|(72)|
|Total Unrestricted|Funds|50,477|4,949|2,812|(707)|57,531|
|Restricted Funds|||||||
|Benevolent Fund|||2,882|62||2,944|
|Regimental<br>Grants|Fund|||506||506|
|Light Cavalry||13||182|(22)|173|
|Pikemen &Musketeers||||277||277|
|Other Restricted Funds|||156|118||417|
|Total Restricted Funds||156|3,038|1,145|(22)|4,317|
|Endowment<br>Funds|||||||
|Dugdale Bequest|||119|||119|
|Total Funds||50,633|8,106|3,957|(729)|61,967|





## 

## 

|Yea|r ended 31October 2021(cont'd)|||||
|---|---|---|---|---|---|
|19.|Payroll costs|||2021|2020|
|||||6000|6000|
||HAC salaries (excl.Er's NI, pensioners|&contract staff)||706|913|
||HAC employer's<br>National<br>Insurance|||71|82|
||HAC emoluments<br>(excluding pensioners<br>&contract staff)|||777|995|
||HAC Job Retention Scheme payments|received||(38)|(66)|
||Light Cavalry salaries (excl. Er's NI)|||71|72|
||Light Cavalry employer's<br>National<br>Insurance|||6|5|
||Light Cavalry emoluments|||77|77|
||Light Cavalry Job Retention Scheme payments||received|(9)||
||Pensions paid|||10|10|
||Total Staff Costs|||817|1,009|
|||||2021|2020|
|||||No.|No.|
||Average number ofHAC employees<br>(excl. contract staff and pensioners)|||20|22|
||Average number ofLight Cavalry employees|||3|3|
||Average number ofpensioners|||1|1|
||Total Staff|||24|26|
||Number ofemployees<br>earning between|660k and 670k||||
||Number ofemployees<br>earning between|690kand 6100k||||
||Number ofemployees<br>earning between|6110k|and 6120k|||



## 



## 

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