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|`TrusteesandAdministrativeInformation`||
|---|---|
|`TrusteesReport`||
|`ReportoftheAuditors`||
|`ConsolidatedStatementofFinancialActivities`||
|`ConsolidatedStatementofIncomeandExpenditure`||
|`BalanceSheets`|`18-19`|
|`ConsolidatedCashFlowStatement`||
|`NotestotheFinancialStatements`|`21-39`|





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|||`Unrestricted`|`RestrictedFunds`|`Permanent`|`Total`|`Total`|
|---|---|---|---|---|---|---|
|||`IncomeFund`|`(Benevolence)`|`Endowments`||`£`|
||`Notes`|`£`|`£`|`£`|||
|`Incomeandendowmentsfrom:`|||`2024`|||`2023`|
|`DonationsandlegaciesincSPGS`|`2`|`1,505,043`|`1,147`||`1,506,190`|`638,900`|
|`InvestmentIncome`|`3`|`499,849`|`189,959`||`689,808`|`761,764`|
|`Incomefromcharitableactivities`|||`9,584`||`9,584`|`9,366`|
|`OtherIncome`|`4`|`32,138`|||`32,138`|`24,766`|
|`RAABranchIncome`||`121,418`|||`121,418`|`242,519`|
|`TotalincomebeforeExpenditure`<br>||<br>`2,158,448`|<br>`200,690`||<br>`2,359,138`|<br>`1,577,315`|
|`Expenditureon:`<br>|||||||
|`Raisingfunds`|`5`|`(9,308)`|||`(9,308)`|`(10,696)`|
|`Netincomeavailableforcharitableactivities`<br>||<br>`2,149,140`|<br>`200,690`||<br>`2,349,830`|<br>`1,566,619`|
|`Charitableactivities`|`6`<br>|<br>`1,273,017`|<br>`200,690`|<br>`21,200`|<br>`1,494,907`|<br>`1,462,206`|
|`RAABranchExpenditure`||`117,785`|||`117,785`|`122,710`|
|`Totalexpenditure`<br>||<br>`1,400,110`|<br>`200,690`|<br>`21,200`|<br>`1,622,000`|<br>`1,595,612`|
|`Netincomefortheyearbeforegainsoninvestments`||<br>`758,338`||<br>`(21,200)`|<br>`737,138`|<br>`(18,297)`|
|`Netgainsoninvestmentassets`||`1,850,360`|`420,403`|`449,271`|`2,720,034`|`1,990,006`|
|`Netincomeandnetmovementinfunds`||<br>`2,608,698`|<br>`420,403`|<br>`428,071`|<br>`3,457,172`|<br>`1,971,709`|
|`Totalfundsbroughtforward`||`27,090,449`|`5,526,766`|`7,038,660`|`39,655,875`|`37,584,166`|
|`Totalfundscarriedforward`|<br>|<br>`29,699,147`<br>|<br>`5,947,169`<br>|<br>`7,466,731`<br>|<br>`43,113,047`<br>|<br>`39,655,875`<br>|





## 

||`2024`|`2023`|
|---|---|---|
||`£`|`£`|
|`TotalIncome`|`2,359,138`|`1,577,315`|
|`TotalExpenditure`|`1,600,800`|`1,574,411`|
|`Unrealised/realisedgainsandlosseson:`|||
|`RevaluationofInvestments`|`2,270,763`|`1,652,102`|
|`Netincomefortheyear`|<br>`3,029,101`<br>|<br>`1,655,006`<br>|





## 

||`Notes`|||||
|---|---|---|---|---|---|
|`Fixedassets`||||||
|`Tangible`||`848,000`|`869,200`|`848,000`|`869,200`|
|`Investments`||`39,149,237`|`36,421,842`|`37,943,440`|`35,300,048`|
|||<br>`39,997,237`|<br>`37,291,042`|<br>`38,791,440`|<br>`36,169,248`|
|`Currentassets`||||||
|`Debtors`||`1,011,597`|`62,254`|`1,029,783`|`93,129`|
|`ShortTermDeposits`|`10`|`1,835,248`|`1,921,472`|`1,435,345`|`1,397,705`|
|`CashonCurrentAccount`||`54,603`|`150,680`|`50,591`|`151,137`|
|`BranchBankbalances`||`261,339`|`257,707`|||
|||<br>`3,162,787`|<br>`2,392,113`|<br>`2,515,719`|<br>`1,641,971`|
|`Currentliabilities`<br>||||||
|`Creditors:Amountsfallingduewithinoneyear`<br>|`11`<br>|<br>`(46,978)`|<br>`(27,280)`|<br>`(42,593)`|<br>`(22,590)`|
|`Netcurrentassets/(liabilities)`|<br>|<br>`3,115,810`<br>|<br>`2,364,833`<br>|<br>`2,473,126`<br>|<br>`1,619,381`<br>|
|`Totalassetslesscurrentliabilities`||<br>`43,113,047`|<br>`39,655,875`|<br>`41,264,566`|<br>`37,788,629`|
|`ProvisionforLiabilities`||||||
|||<br>`43,113,047`|<br>`39,655,875`|<br>`41,264,566`|<br>`37,788,629`|
|`Funds`||||||
|`Unrestricted`|`12`|`27,745,581`|`25,118,119`|`27,745,582`|`25,118,119`|
|`Designated`|`12`|`1,953,566`|`1,972,330`|`105,084`|`105,084`|
|`RestrictedIncome`|`12`|`5,947,169`|`5,526,766`|`5,947,169`|`5,526,766`|
|`PermanentEndowment`|`12`|`7,466,731`|`7,038,660`|`7,466,731`|`7,038,660`|
||<br>|<br>`43,113,047`<br>|<br>`39,655,875`<br>|<br>`41,264,566`<br>|<br>`37,788,629`<br>|





## 



## 

||||||`2024`||`2023`||
|---|---|---|---|---|---|---|---|---|
||||`Note`||`£`||`£`||
|`Netcashusedinoperatingactivities`|||||<br>`(860,757)`|<br>|<br>`(434,983)`||
|`Cash`<br>|`flowsfrominvestingactivities`<br>||||||||
|`Dividends,interestandrentsfrominvestments`|||||`689,808`||`761,764`||
|`Purchaseofinvestments`|||||`(14,367,155)`|<br>`(27,088,560)`|||
|`Proceedsfromsaleofinvestments`|||||`14,386,391`||`27,151,278`||
|`Netcashgeneratedininvestingactivities`||||<br>|<br> <br>`709,044`|<br> <br>|<br> <br>`824,482`|<br>|
|`Netincreaseincash& cashequivalents`|||||`(151,713)`||`389,499`||
|`Cashandcashequivalentsatthebeginningoftheyear`|||||`2,476,984`||`2,087,485`||
|`Cashandcashequivalentsatendoftheyear`||`2`||<br>|<br> <br>`2,325,271`|<br> <br>|<br> <br>`2,476,984`|<br>|
|`Notestothecashflowstatement`|||||||||
|`1,`|`Reconciliationofnetmovementinfundstonet`||||`2024`||`2023`||
||`cashflowfromoperatingactivities`|||||`£`|`£`||
||`Netmovementinfunds`||||`3,457,173`||`1,971,710`||
||`(Gains)/lossesonInvestments`||||`(2,720,034)`||`(1,990,006)`||
||`Investmentincome`||||`(689,808)`||`(761,764)`||
||`Investmentaliquotchanges`|||||`-`|`1`||
||`Decrease/(increase)indebtors`||||`(948,981)`||`323,770`||
||`Increase/(decrease)`<br>`increditors`||||`19,693`||`106`||
||`Depreciationcharge`||||`21,200`||`21,200`||
||`Netcashusedinoperatingactivities`||||<br> <br>`(860,757)`||<br> <br>`(434,983)`|<br>|
|`2.`|`Analysisofcashandcashequivalents`|||`At1 Jan`||`Cash`|<br>`At31`|`Dec`|
||`andnetdebt`|||`2024`||`Flow`||`2024`|
|||||`£`||`£`||`£`|
||`Cashonshorttermdeposit`|||`1,921,473`||`(86,225)`|<br>`1,835,248`||
||`Cashcurrentaccount`|||`150,680`||`(96,077)`|<br>`54,603`||
||`Cashbalanceheldininvestments`|||`147,124`||`26,957`|<br>`174,081`||
||`Cashheldbybranches`|||`257,707`||`3,632`|<br>`261,339`||
||`Netcashprovidedbyoperatingactivities`|||<br>`2,476,984`|<br>|<br>`(151,713)`|<br> <br>`2,325,271`||





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||`Unrestricted`|`Restricted`|`Permanent`||`Total`|
|---|---|---|---|---|---|
||||`Endowment`|||
|||`2024`||||
||`£`|`£`||`£`|`£`|
|`Officers’subscriptions`|`105,042`|`-`||`-`|`105,042`|
|`Soldiers’subscriptions`|`163,377`|`-`||`-`|`163,377`|
|`RetiredDonations`|`18,233`|`-`||`-`|`18,233`|
|`Incometaxrecoverable(giftaid)`|`9,446`|`-`||`-`|`9,446`|
|`DonationsandGrants`|`99,766`|`-`||`-`|`99,766`|
|`intangibleIncome— WagesinKind`|`135,944`|`1,147`||`-`|`137,091`|
|`Legacies`|`973,235`|`-`||`-`|`973,235`|
||<br>`1,505,043`<br>|<br>`1,147`<br>|<br>|<br>`-`<br>|<br>`1,506,190`<br>|



## 

||`Unrestricted`|`Restricted`|`Permanent`||`Total`|
|---|---|---|---|---|---|
||||`Endowment`|||
|||`2023`||||
||`£`|`£`||`£`|`£`|
|`Officers’subscriptions`|`108,251`|`-`||`-`|`108,251`|
|`Soldiers’subscriptions`|`153,390`|`-`||`.`|`153,390`|
|`RetiredOfficersDonations`|`19,318`|`-`||`-`|`19,318`|
|`Incometaxrecoverable(giftaid)`|`8,544`|`-`||`-`|`8,544`|
|`DonationsandGrants`|`47,426`|`-`||`~`|`47,426`|
|`IntangibleIncome— WagesinKind`|`144,648`|`1,092`||`-`|`145,740`|
|`Legacies`|`156,231`|`-`||`-`|`156,231`|
||<br>`637,808`<br>|<br>`1,092`<br>|<br>|<br>`-`<br>|<br>`638,900`<br>|





## 

|`3.`|<br>`2024InvestmentIncome`<br>|||||
|---|---|---|---|---|---|
|||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
|||||`Endowment`||
||||`2024`|||
|||`£`|`£`|`£`|`£`|
||`Investments`|`499,849`|`189,959`|`-`|`689,808`|
|||<br> <br>`499,849`|<br> <br>`189,959`|<br> <br>`-`|<br> <br>`689,808`|
||<br>`2023InvestmentIncomeComparison`|||||
|||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
|||||`Endowment`||
||||`2023`|||
|||`£`|`£`|`£`|`£`|
||`Investments`|`571,797`|`189,967`|`-`|`716,764`|
|||<br> <br>`571,797`|<br> <br>`189,967`|<br> <br>`-`|<br> <br>`716,764`|
|`4.`|<br> <br>`2024OtherIncome`|||||
|||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
|||||`Endowment`||
||||`2024`|||
|||`£`|`£`|`£`|`£`|
||`Interestreceivedonshorttermdeposits`|`31,136`|`-`|`-`|`31,136`|
||`Eventincome`|`938`|`-`|`-`|`938`|
||`Merchandiseincome`|`52`|`-`|`-`|`52`|
||`Christmascardincome`|`942`|`-`|`-`|`942`|
||`AlanbrookeClub`|`(930)`|`-`|`-`|`(930)`|
|||<br> <br>`32,138`|<br> <br>`-`|<br> <br>`-`|<br> <br>`32,138`|
||<br>`2023OtherIncomeComparison`|||||
|||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
|||||`Endowment`||
||||`2023`|||
|||`£`|`£`|`£`|`£`|
||`Interestreceivedonshorttermdeposits`|`22,256`|`-`|`-`|`22,256`|
||`Eventincome`|`2,547`|`-`|`-`|`2,547`|
||`Merchandiseincome`|`154`|`-`|`-`|`154`|
||`Christmascardincome`|`766`|`-`|`-`|`766`|
||`AlanbrookeClub`|`(957)`|`-`|`-`|`(957)`|
|||<br>`24,766`<br>|<br>`-`<br>|<br>`-`<br>|<br>`24,766`<br>|





## 

## 

||`Unrestricted`|`Restricted`||`Permanent`|`Total`|
|---|---|---|---|---|---|
|||||`Endowment`||
||||`2024`|||
||`£`|`£`||`£`|`£`|
|`Fundraisingcosts`|`9,308`|`-`||`-`|`9,308`|
||<br> <br>`9,308`|<br> <br>`-`|<br>|<br> <br>`-`|<br> <br>`9,308`|
|<br>`2023CostofRaisingFundsComparison`||||||
||`Unrestricted`|`Restricted`||`Permanent`|`Total`|
|||||`Endowment`||
||`£`|`£`||`£`|`£`|
|`Fundraisingcosts`|`10,696`|`-`||`-`|`10,696`|
||<br>`10,696`<br>|<br>`-`<br>|<br>|<br>`-`<br>|<br>`10,696`<br>|





## 

## 

|`6.`<br>`2024CharitableActivities`<br>||||||
|---|---|---|---|---|---|
|||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
|||||`Endowment`||
||||`2024`|||
|`Welfare`||`£`|`£`|`£`|`£`|
|`Welfaregrants— 1,118(2023:`|`1,187)`|`370,053`|`197,777`||`567,830`|
|`individualcases`||||||
|`Welfaregrantstoinstitutions:`||||||
|`GunnerMagazine`||`10,000`|`-`|`-`|`10,000`|
|`RoyalArtillerySports`||`80,712`|`-`|`-`|`80,712`|
|`ArmyBenevolentFund`||`79,500`|`-`|`-`|`79,500`|
|`OtherGrants:`||||||
|`RegimentsandBatteries`||`86,300`|`-`|`-`|`86,300`|
|`RegimentalWelfare/Comradeship`||`28,774`|`-`|`-`|`28,774`|
|`RAM`||`93,166`|`-`|`-`|`93,166`|
|`BettermentGrants`||`116,015`|`-`|`-`|`116,015`|
|`NMAMaintenance`||`3,324`|`-`|`-`|`3,324`|
|`Awards`||`3,202`|`-`|`-`|`3,202`|
|`Generalgrants`||`5,990`|`-`|`-`|`5,990`|
|`RAMemorials`||`9,354`|`-`|`-`|`9,354`|
|`Events`||||||
|`RAAssembly`||`17,431`|`-`|`-`|`17,431`|
|`NMA`||`5,726`|`-`|`-`|`5,726`|
|`GunnerSunday`||`1,381`|`-`|`-`|`1,381`|
|||<br> <br>`910,928`|<br> <br> <br>`197,777`|<br> <br> <br>`-`|<br> <br> <br>`1,108,705`|
|`SupportCosttoCharitableActivities:`||||||
|`Wagesandsalaries`||`130,663`|`-`|`-`|`130,663`|
|`EmployersPensionContribution`||`7,278`|`-`|`-`|`7,278`|
|`EmployersNationalsInsurance`||`12,821`|`-`|`-`|`12,821`|
|`Wagesandsalariesinkind`||`135,944`|`1,147`|`-`|`137,091`|
|||<br> <br>`286,706`|<br> <br> <br>`1,147`|<br> <br> <br>`-`|<br> <br> <br>`287,853`|
|`Insurance`||`2,523`|`-`|`-`|`2,523`|
|`Printing,stationeryandadvertising`||`1,927`|`-`|`-`|`1,927`|
|`Officecost(inc.publicity& postage,IT)`||`17,353`|`-`|`-`|`17,353`|
|`T&S`||`14,721`|`-`|`-`|`14,721`|
|`Branchtravel`||`10,462`|`-`|`-`|`10,462`|
|`Misc`||`2,974`|`-`|`-`|`2,974`|
|`Training`||`180`|`-`|`-`|`180`|
|`Bankcharges`||`727`|`-`|`-`|`727`|
|`Cottageexpenses`||`-`|`1,766`|`-`|`1,766`|
|`Depreciation(Cottages)`||`-`|`-`|`21,200`|`21,200`|
|`Auditandaccountancyfees`||`17,892`|`-`|`-`|`17,892`|
|`Auditunderprovision2023`||`804`|`-`|`-`|`804`|
|`Legalandprofessionalfees`||`5,820`|`-`|`-`|`5,820`|
|`Totalsupportcosts`||<br>`362,089`|<br>`1,766`|<br>`21,200`|<br>`386,202`|
|`2024TotalExpenditure`||<br>`1,273,017`<br>|<br>`200,690`<br>|<br>`21,200`<br>|<br>`1,494,907`<br>|
|||<br>`Page26`||||





## 

## 

## 

|||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
|---|---|---|---|---|---|
|||||`Endowment`||
||||`2023`|||
|`Welfare`||`£`|`£`|`£`|`£`|
|`Welfaregrants— 1,187`|`(2022:1,234)`|`451,986`|`178,146`||`630,132`|
|`individualcases`||||||
|`Welfaregrantstoinstitutions:`||||||
|`GunnerMagazine`||`10,000`|`-`|`-`|`10,000`|
|`RoyalArtillerySports`||`80,280`|`-`|`-`|`80,280`|
|`ArmyBenevolentFund`||`79,500`|`-`|`-`|`79,500`|
|`OtherGrants:`||||||
|`RegimentsandBatteries`||`80,580`|`-`|`-`|`80,580`|
|`RegimentalWelfare/Comradeship`||`35,841`|`-`|`-`|`35,841`|
|`RAM`||`40,000`|`-`|`-`|`40,000`|
|`BettermentGrants`||`46,452`|`-`|`-`|`46,452`|
|`Awards`||`1,733`|`-`|`-`|`1,733`|
|`Generalgrants`||`9,750`|`-`|`-`|`9,750`|
|`RAMemorials`||`11,137`|`~`|`-`|`11,137`|
|`Events`||||||
|`RAAssembly`||`14,564`|`-`|`-`|`14,564`|
|`NMA`||`5,220`|`-`|`-`|`5,220`|
|`GunnerSunday`||`1,399`|`-`|`-`|`1,399`|
|||<br> <br>`868,442`|<br> <br>`178,146`|<br> <br>`-`|<br> <br>`1,046,588`|
|`SupportCosttoCharitable`|`Activities:`|||||
|`Wagesandsalaries`||`124,596`|`-`|`-`|`124,596`|
|`EmployersPensionContribution`||`12,240`|`-`|`-`|`12,240`|
|`EmployersNationalsInsurance`||`12,105`|`~`|`-`|`12,105`|
|`Wagesandsalariesinkind`||`144,648`|`1,092`|`-`|`145,740`|
|||<br> <br>`293,589`|<br> <br>`1,092`|<br> <br>`-`|<br> <br>`294,681`|
|`Insurance`||`2,523`|`-`|`-`|`2,523`|
|`Printing,stationeryandadvertising`||`1,549`|`-`|`-`|`1,549`|
|`Officecost(inc.publicity& `|`postage,IT)`|`20,600`|`-`|`-`|`20,600`|
|`T&S`||`17,014`|`-`|`-`|`17,014`|
|`Branchtravel`||`12,539`|`-`|`-`|`12,539`|
|`Misc`||`1,108`|`-`|`-`|`1,108`|
|`Training`||`95`|`-`|`-`|`95`|
|`Bankcharges`||`604`|`-`|`-`|`604`|
|`Cottageexpenses`||`-`|`21,187`|`-`|`21,187`|
|`Depreciation(Cottages)`||`-`|`-`|`21,200`|`21,200`|
|`Auditandaccountancyfees`||`18,378`|`-`|`-`|`18,378`|
|`Legalandprofessionalfees`||`4,140`|`-`|`-`|`4,140`|
|`Totalsupportcosts`||<br>`372,137`|<br>`21,187`|<br>`21,200`|<br>`415,618`|
|`2023TotalExpenditure`||<br>`1,240,581`<br>|<br>`200,425`<br>|<br>`21,200`<br>|<br>`1,462,206`<br>|





## 

## 

||`2024`|`2023`||
|---|---|---|---|
||`Number`|`Number`||
|`Officeandadministration`|`4`||`4`|





## 

## 

|`8a.Group`|||||
|---|---|---|---|---|
||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
||||`Endowment`|`2024`|
|<br>`Quotedinvestments`|`£`|`£`|`£`|`£`|
|<br>`Marketvalueat1 January`|`24,774,137`|`5,463,276`|`6,184,429`|`36,421,842`|
|`Netadditionsatcost`|`9,794,264`|`2,225,264`|`2,378,067`|`14,397,595`|
|`Salesproceeds`|`(9,807,348)`|`(2,228,239)`|`(2,381,244)`|`(14,416,831)`|
|`Netrealised/unrealisedgains`|`1,850,360`|`420,403`|`449,271`|`2,720,034`|
|`AliquotChanges`|`-`|`-`|`-`|`-`|
|`CashCommitments`|<br>`18,093`|<br>`4,111`|<br>`4,393`|<br>`26,597`|
|`Marketvalueat31December`|<br> <br>`26,629,506`|<br> <br>`5,884,815`|<br> <br>`6,634,916`|<br> <br>`39,149,237`|
|`Historicalvalueat31December`|<br>`23,046,401`|<br>`5,236,164`|<br>`5,595,714`|<br>`33,878,279`|
|`Investment/ CashBreakdown`|||||
|<br>`investments`|`26,511,083`|`5,857,910`|`6,606,162`|`38,975,155`|
|`BankSettledAccount`|`118,398`|`26,900`|`28,748`|`174,046`|
|`BankUnsettledAccount`|`25`|`5`|`6`|`36`|
||<br>`26,629,506`|<br>`5,884,815`|<br>`6,634,916`|<br>`39,149,237`|
|`8b.RACF`|||||
||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
||||`Endowment`|`2024`|
|<br>`Quotedinvestments`|`£`|`£`|`£`|`£`|
|<br>`Marketvalueat1 January`|`23,652,343`|`5,463,276`|`6,184,429`|`35,300,048`|
|`Netadditionsatcost`|`9,350,816`|`2,225,264`|`2,378,067`|`13,954,147`|
|`Salesproceeds`<br>`Netrealised/unrealisedgains`|`(9,363,310)`<br>`1,766,586`|`(2,228,239)`<br>`420,403`|`(2,381,244)`<br>`449,270`|`(13,972,793)`<br>`2,636,259`|
|`AliquotChanges`|`-`|`-`|`-`|`-`|
|`CashCommitments`|`17,275`|`4,111`|`4,393`|`25,779`|
|`Marketvalueat31December`|<br> <br>`25,423,710`|<br> <br>`5,884,815`|<br> <br>`6,634,915`|<br> <br>`37,943,440`|
|`Historicalvalueat31December`|<br>`22,002,950`|<br>`5,236,164`|<br>`5,595,714`|<br>`32,834,828`|
|`Investment/ CashBreakdown`|||||
|<br>`Investments`|`25,310,648`|`5,857,910`|`6,606,162`|`37,774,720`|
|`BankSettledAccount`|`113,034`|`26,900`|`28,748`|`168,682`|
|`BankUnsettledAccount`|`24`|`5`|`6`|`35`|
||<br>`25,423,706`|<br>`5,884,815`|<br>`6,634,916`|<br>`37,943,437`|





## 

|||`£`|`£`||
|---|---|---|---|---|
|||`Group`|`RACF`||
|`BLKCharUKEQFundA `<br>`Inc(24.20%)`||`9,472,441`|`9,180,690`||
|`ISHAREMSCIUSAESGEnhance(18.70%)`||`7,320,679`|`7,095,202`||
|`BFM-BLKEmergingMarkets(9.68%)`||`3,790,367`|`3,673,624`||
|`BGFGlobLongHorizon(6.78%)`||`2,652,704`|`2,571,001`||
|`BSFSystESGWrldEQFD(5.19%)`||`2,031,141`|`1,968,582`||
|`TACTOPPFDX ACC(5.13%)`||`2,009,503`|`1,947,610`||
|`oftheholdingslistedareincollectiveinvestmentvehiclesasopposedtosinglesecurities.`|||||
|`2023FixedAssetInvestments`<br>|||||
|`8c.Group`|||||
||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
||||`Endowment`|`2023`|
|`Quotedinvestments`<br>|`£`|`£`|`£`|`£`|
|`Marketvalueat1 January`|`23,368,136`|`5,153,222`|`5,833,446`|`34,354,804`|
|`Netadditionsatcost`|`18,459,004`|`4,070,640`|`4,607,966`|`27,137,610`|
|`Salesproceeds`|`(18,501,663)`|`(4,080,049)`|`(4,618,616)`|`(27,200,328)`|
|`Netrealised/unrealisedgains`|`1,353,602`|`298,500`|`337,903`|`1,990,005`|
|`AliquotChanges`|`(1)`|`:`|`=`|`(1)`|
|`CashCommitments`|`95,059`|`20,963`|`23,730`|`139,752`|
|`Marketvalueat31December`<br>|||||
||<br>`24,774,137`|<br>`5,463,276`|<br>`6,184,429`|<br>`36,421,842`|
|`Historicalvalueat31December`<br>|||||
|`Investment/ CashBreakdown`<br>|||||
|`Investments`<br>|`24,674,063`|`5,441,208`|`6,159,447`|`36,274,718`|
|`BankSettledAccount`|`68,855`|`15,184`|`17,188`|`101,227`|
|`BankUnsettledAccount`|`31,219`|`6,884`|`7,794`|`45,897`|
||<br>`24,774,137`|<br>`5,463,276`|<br>`6,184,429`|<br>`36,421,842`|
|`8d.RACF`|||||
||`Unrestricted`|`Restricted`|`Permanent`|`Total`|
||||`Endowment`|`2023`|
|`Quotedinvestments`<br>|`£`|`£`|`£`|`£`|
|`Marketvalueat1 January`|`22,310,008`|`5,153,222`|`5,833,446`|`33,296,676`|
|`Netadditionsatcost`|`17,623,166`|`4,070,640`|`4,607,966`|`26,301,772`|
|`Salesproceeds`|`(17,663,894)`|`(4,080,049)`|`(4,618,616)`|`(26,362,559)`|
|`Netrealised/unrealisedgains`|`1,292,310`|`298,500`|`337,903`|`1,928,713`|
|`AliquotChanges`|`(1)`|`-`|`Ss`|`(1)`|
|`CashCommitments`|`90,754`|`20,963`|`23,730`|`135,447`|
|`Marketvalueat31December`<br> <br>|<br>`23,652,343`<br>|<br>`5,463,276`<br>|<br>`6,184,429`<br>|<br>`35,300,048`<br>|





## 

|`Investment/ CashBreakdown`|`Investment/ CashBreakdown`|||||
|---|---|---|---|---|---|
|<br>`Investments`||`23,556,801`|`5,441,208`|`6,159,447`|`35,157,456`|
|`BankSettledAccount`||`65,737`|`15,184`|`17,188`|`98,109`|
|`BankUnsettledAccount`||`29,805`|`6,884`|`7,794`|`44,483`|
|||<br>`23,652,343`|<br>`5,463,276`|<br>`6,184,429`|<br>`35,300,048`|
|`9.`|<br>`Debtors`|||||
|||`Total`|`Total`|`Total`|`Total`|
|||`2024`|`2023`|`2024`|`2023`|
||||`Group`||`RACF`|
|||`£`|`£`|`£`|`£`|
||`RoyalArtilleryAssociation`|`-`|`-`|`19,029`|`34,918`|
||`Incometaxrepayments`|`2,170`|`2,514`|`2,150`|`2,498`|
||`AccruedServiceGivingIncome`|`27,119`|`30,025`|`26,169`|`25,998`|
||`SundryDebtors`|`823`|`-`|`950`|`-`|
||`LegaciesReceivable`|`981,485`|`29,715`|`981,485`|`29,715`|
||<br>|<br> <br>`1,011,597`|<br> <br>`62,254`|<br> <br>`1,029,783`|<br> <br>`93,129`|
|<br>`10.CurrentAssetInvestments`||||||
|||`Total`|`Total`|`Total`|`Total`|
|||`2024`|`2023`|`2024`|`2023`|
||||`Group`||`RACF`|
|||`£`|`£`|`£`|`£`|
||`Shorttermdeposits(inclinvestment`|`1,835,248`|`1,921,472`|`1,435,345`|`1,397,705`|
||<br>`balance)`|||||
|`11.Creditors`||||||
|||`Total`|`Total`|`Total`|`Total`|
|||`2024`|`2023`|`2024`|`2023`|
||||`Group`||`RACF`|
|||`£`|`£`|`£`|`£`|
||`Amountsfallingduewithinoneyear:`|||||
||`Accruals`|`46,974`|`27,280`|`42,594`|`22,590`|
||<br>|<br>`46,974`<br>|<br>`27,280`<br>|<br>`42,594`<br>|<br>`22,590`<br>|





## 

## 

## 

||`Balanceat1 `|`Incoming`|`Outgoing`|`NetGainon`|`Balanceat31`|
|---|---|---|---|---|---|
||`January24`|`Resources`|`Resources`|`Investment`|`December24`|
||`£`|`£`||`£`|`£`|
|`Unrestricted`||||||
|`GeneralFund`|`25,118,119`<br>|`1,914,468`<br>|`(1,053,589)`<br>|`1,766,583`<br>|`27,745,581`<br>|
|`Designated`||||||
|`Memorials`<br>`RAA`|`105,084`<br>`1,867,246`|`243,980`|`(346,521)`||`105,084`<br>`1,848,482`|
||<br>`1,972,330`<br>|<br>`243,980`<br>|<br>`(346,521)`<br>|<br>|<br>`1,953,566`<br>|
|`RestrictedFunds`||||||
|`RABF`|`5,526,766`<br>|`200,690`<br>|`(200,690)`<br>|`420,403`<br>|`5,947,169`<br>|
|`EndowmentFunds:`||||||
|`RABF`|`5,504,137`||`(21,200)`|`334,340`|`5,817,277`|
|`RACF`|`1,534,523`|||`114,931`|`1,649,454`|
||<br>`7,038,660`<br>|<br>|<br>`(21,200)`<br>|<br>`449,271`<br>|<br>`7,466,731`<br>|
|`Total`|<br>`39,655,875`<br>|<br>`2,359,138`<br>|<br>`(1,622,000)`<br>|<br>`2,720,034`<br>|<br>`43,113,047`<br>|





## 

## 

## 

||`Balanceat1 `|`Incoming`|`Outgoing`|`NetGainon`|`Transfers`|`Balanceat31`|
|---|---|---|---|---|---|---|
||`January24`|`Resources`|`Resources`|`Investment`||`December24`|
||`£`|`£`|`£`|||`£`|
|`Unrestricted`|||||||
|`DesignatedFunds— Memorial`|`105,084`|||||`105,084`|
|`GeneralFund`|`25,118,119`|`1,914,468`|`(1,053,588)`|`1,766,583`||`27,745,582`|
||<br>`25,223,203`<br>|<br>`1,914,468`<br>|<br>`(1,053,588)`<br>|<br>`1,766,583`<br>|<br>|<br>`27,850,666`<br>|
|`RestrictedFunds`|||||||
|`RABF`|`5,526,766`<br>|`200,690`<br>|`(200,690)`<br>|`420,403`<br>||`5,947,169`<br>|
|`EndowmentFunds:`<br>`RABF`|`5,504,137`||`(21,200)`|`334,340`||`5,817,277`|
|`RACF`|`1,534,523`|||`114,931`||`1,649,454`|
||<br>`7,038,660`<br>|<br>|<br>`(21,200)`<br>|<br>`449,271`<br>|<br>|<br>`7,466,731`<br>|
|`Total`|<br>`37,788,629`<br>|<br>`2,115,158`<br>|<br>`(1,275,478)`<br>|<br>`2,636,257`<br>|<br>|<br>`41,264,566`<br>|





## 

## 



## 

## 

## 

||`Balanceat1 `|`Incoming`|`Outgoing`|`Netlosses`|`Transfers`|`Balanceatend`|
|---|---|---|---|---|---|---|
||`January23`|`Resources`|`Resources`|`on`||`31December23`|
|||||`Investment`|||
||`£`|`£`|`£`|`£`||`£`|
|`Unrestricted`|||||||
|`GeneralFund`|`105,084`|||||`105,084`|
||`23,766,770`|`1,107,240`|`(1,048,201)`|`1,292,310`||`25,118,119`|
|`Designated`|<br>`23,871,854`<br>|<br>`1,107,240`<br>|<br>`(1,048,201)`<br>|<br>`1,292,310`<br>|<br>|<br>`25,223,203`<br>|
|`Memorials`|||||||
|`RestrictedFunds`|`5,228,265`<br>|`200,425`<br>|`(200,425)`<br>|`298,501`<br>||`5,526,766`<br>|
|`RABF`|||||||
|`EndowmentFunds:`<br>`RABF`|`5,271,611`<br>`1,450,346`||`(21,200)`|`253,726`<br>`84,177`||`5,504,137`<br>`1,534,523`|
|`RACF`|<br>`6,721,957`<br>|<br>|<br>`(21,200)`<br>|<br>`337,903`<br>|<br>|<br>`7,038,660`<br>|
|`Total`|<br>`35,822,076`<br>|<br>`1,307,665`<br>|<br>`(1,269,826)`<br>|<br>`1,928,714`<br>|<br>|<br>`37,788,629`<br>|





## 

|`13.2024Analysisofnet`<br>|`assetsbetweenfundsGroup`<br>|`assetsbetweenfundsGroup`<br>|||||
|---|---|---|---|---|---|---|
|`Currentyear- Group`||`Tangible`|`Investments`||`Current`|`NetTotal`|
|||`FixedAssets`||`assets/`|`(liabilities)`||
|||||`2024`|||
||||`£`||`£`|`£`|
|`Restricted`|`funds:`||||||
||`RABF`|`-`|`5,884,816`||`62,353`|`5,947,169`|
|||<br>`-`|<br>`5,884,816`||<br>`62,353`|<br>`5,947,169`|
|`PermanentEndowment:`|||||||
||`RABF`|`848,000`|`4,979,029`||`(9,752)`|`5,817,277`|
||`RACF`|`-`|`1,655,886`||`(6,432)`|`1,649,454`|
|||<br>`848,000`|<br>`6,634,915`||<br>`(16,184)`|<br>`7,466,731`|
|`Unrestricted`|`funds:`||||||
||`RACF`|`-`|`25,423,706`||`2,321,875`|`27,745,581`|
|`Designated`|`funds:`||||||
|`Memorials`||`-`|`-`||`105,084`|`105,084`|
||`RAA`|`-`|`1,205,800`||`642,682`|`1,848,482`|
|||<br>`-`|<br>`1,205,800`||<br>`747,766`|<br>`1,953,566`|
|||<br> <br>`848,000`|<br> <br>`39,149,237`|<br>|<br> <br>`3,115,810`|<br> <br>`43,113,047`|
|<br>`2024AnalysisofnetassetsbetweenfundsRACF`|||||||
|`Currentyear— RACF`||`Tangible`|`Investments`||`Current`|`NetTotal`|
|||`FixedAssets`||`assets/`|`(liabilities)`||
|||||`2024`|||
||||`£`||`£`|`£`|
|`Restricted`|`funds:`||||||
||`RABF`|`-`|`5,884,816`||`62,353`|`5,947,169`|
|||<br>`-`|<br>`5,884,816`||<br>`62,353`|<br>`5,947,169`|
|`PermanentEndowment:`|||||||
||`RABF`|`848,000`|`4,979,029`||`(9,752)`|`5,817,277`|
||`RACF`|`-`|`1,655,886`||`(6,432)`|`1,649,454`|
|||<br>`848,000`|<br>`6,634,915`||<br>`(16,184)`|<br>`7,466,731`|
|`Unrestricted`|`funds:`||||||
||`RACF`|`-`|`25,423,709`||`2,321,873`|`27,745,582`|
|`Designated`|`funds:`||||<br>|<br>|
|`Memorials`||`-`|`-`||`105,084`|`105,084`|
|||<br>`848,000`<br>|<br>`37,943,440`<br>|<br>|<br>`2,473,126`<br>|<br>`41,264,566`<br>|





## 


|`Prioryear- Group`|`Tangible`|`Investments`||`Current`|`NetTotal`|
|---|---|---|---|---|---|
||`FixedAssets`||`assets/`|`(liabilities)`||
||||`2023`|||
|||`£`||`£`|`£`|
|`Restrictedfunds:`||||||
|`RABF`|`-`|`5,463,276`||`63,490`|`5,526,766`|
||<br>`-`|<br>`5,463,276`||<br>`63,490`|<br>`5,526,766`|
|`PermanentEndowment:`<br>`RABE`|`869,200`|`4,643,785`||`(8,848)`|`5,504,137`|
|`RACE`|`;`|`1,540,644`||`(6,121)`|`1,534,523`|
||<br>`869,200`|<br>`6,184,429`||<br>`(14,969)`|<br>`7,038,660`|
|`Unrestrictedfunds:`||||||
|`RACF`|`-`|`23,652,343`||`1,465,776`|`25,118,119`|
|`Designatedfunds:`||||||
|`Memorials`|`-`|`-`||`105,084`|`105,084`|
|`RAA`|`-`|`1,121,793`||`745,453`|`1,867,246`|
||<br>`869,200`<br>|<br>`1,121,793`<br>|<br>|<br>`850,537`<br>|<br>`1,972,330`<br>|
|`2023Analysisofprioryearnetassetsbetweenfunds`<br>||`RACF`<br>||||
|`Prioryear- RACF`|`Tangible`|`Investments`||`Current`|`NetTotal`|
||`FixedAssets`||`assets/`|`(liabilities)`||
||||`2023`|||
|||`£`||`£`|`£`|
|`Restrictedfunds:`|`-`|`5,463,276`||`63,490`|`5,526,766`|
|`RABF`|<br>`-`|<br>`5,463,276`||<br>`63,490`|<br>`5,526,766`|
|`PermanentEndowment:`|`869,200`|`4,643,785`||`(8,848)`|`5,504,137`|
|`RABF`|`-`|`1,540,644`||`(6,121)`|`1,534,523`|
|`RACF`|<br>`869,200`|<br>`6,184,429`||<br>`(14,969)`|<br>`7,038,660`|
|`Unrestrictedfunds:`||||||
|`RACF`|`-`|`23,652,343`||`1,465,776`|`25,118,119`|
|`Designatedfunds:`||||||
|`Memorials`|`-`|`-`||`105,084`|`105,084`|
||<br>`869,200`<br>|<br>`35,300,048`<br>|<br>|<br>`1,619,381`<br>|<br>`37,788,629`<br>|





## 



## 

## 

## 

|||`Unrestricted`|`RestrictedFunds`|`Permanent`|`Total`|
|---|---|---|---|---|---|
|||`IncomeFund`|`(Benevolence)`|`Endowments`||
||`Notes`|`£`|`£`|`£`|`£`|
||||`2023`|||
|`DonationsandlegaciesincSPGS`|`2`|`637,808`|`1,092`||`638,900`|
|`InvestmentIncome`|`3`|`571,797`|`189,967`||`761,764`|
|`OtherCharitableIncome`<br>`OtherIncome`|`4`|`-`<br>`24,766`|`9,366`||`9,366`<br>`24,766`|
|`BranchIncome`||`142,519`<br>|||`142,519`<br>|
|`TotalincomebeforeExpenditure`<br>||<br>`1,376,890`|<br>`200,425`||<br>`1,577,315`|
|`Expenditureon:`||||||
|`Raisingfunds`|`5`|`(10,696)`|||`(10,696)`|
|`Netincomeavailableforcharitableactivities`<br>||<br>`1,366,194`|<br>`200,425`|<br>|<br> <br>`1,566,619`|
|`Charitableactivities`|`6`|<br>`1,240,581`|<br>`200,425`|<br>`21,200`|<br>`1,462,206`|
|`BranchExpenditure`||`122,710`|||`122,710`|
|`Totalexpenditure`||<br>`1,373,987`|<br>`200,425`|<br>`21,200`|<br>`1,595,612`|
|`Netincomefortheyearbeforegainsoninvestments`||<br>`2,903`||<br>`(21,200)`|<br>`(18,297)`|
|`Netgains/(losses)oninvestmentassets`||`1,353,602`|`298,501`|`337,903`|`1,990,006`|
|`Netmovementinfunds`||<br>`1,356,505`|<br>`298,501`|<br>`316,703`|<br>`1,971,709`|
|`Totalfundsbroughtforward`||`25,733,944`|`5,228,265`|`6,721,957`|`37,684,166`|
|`Totalfundscarriedforward`||<br>`27,090,449`<br>|<br>`5,526,766`<br>|<br>`7,038,660`<br>|<br>`39,655,875`<br>|





THE ROYAL ARTILLERY CHARITABLE FUND
Page 40