## 

|Referenceandadministrativeinformation|1|
|---|---|
|Trustees'report|3|
|Independentauditor'sreport|10|
|Financialstatements||
|Statementoffinancialactivities|14|
|Balancesheet|15|
|Statementofcashflows|16|
|Principalaccountingpolicies|17|
|Notestothefinancialstatements|20|





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|ClerktotheTrustees|ColonelSDRowland-Jones|
|---|---|
|Telephone|01722501413|
|Email|QMRT@hotmail.co.uk|
|Registeredoffice|2SovereignClose|
||Quidhampton|
||Salisbury|
||SP29ES|
|Charityregistrationnumber|211715|
|Auditor|BuzzacottLLP|
||130WoodStreet|
||London|
||EC2V6DL|
|Bankers|CAFBankLtd|
||25KingsHillAvenue|
||KingsHill|
||WestMailing|
||Kent|
||ME194JQ|
|Investmentmanagers|CazenoveCapitalManagementLimited|
||1LondonWallPlace|
||London|
||EC2Y5JA|
|Solicitors|WilsonsSolicitors|
||AlexandraHouse|
||StJohn'sStreet|
||Salisbury|
||SP12SP|





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## 13 December 2022 




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|||Endowment|Unrestricted|<br>Total|Endowment|Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds|2022|funds|funds|2021|
||Notes|<br>£|£|£|£|£|£|
|Incomeandendowments||||||||
|from:||||||||
|Investments|1||491,524|491,524||371,439|371,439|
|Totalincome|||491,524|491,524||371,439|371,439|
|Expenditureon:||||||||
|Raisingfunds||||||||
|.Investmentmanagement||||||||
|costs|2|<br>18,036||18,036|49,571||49,571|
|Charitableactivities|3||509,027|509,027||401,109|401,109|
|Totalexpenditure||18,036|509,027|527,063|49,571|401,109|450,680|
|Netexpenditurebefore||||||||
|investmentgains||||||||
||6|<br>(18,036)|(17,503)|(35,539)|(49,571)|(29,670)|(79,241)|
|Netgainsoninvestments||||||||
||9|<br>607,859||607,859|2,026,377|-|2,026,377|
|Netincome||||||||
|(expenditure)andnet||||||||
|movementinfunds||589,823|(17,503)|572,320|1,976,806|(29,670)|1,947,136|
|Reconciliationoffunds:||||||||
|Fundbalancesbrought||||||||
|forwardat1April2021||14,382,817|71,080|14,453,897|12,406,011|100,750|12,506,761|
|Fundbalancescarried||||||||
|forward||||||||
|at31March2022||14,972,640|53,577|15,026,217|14,382,817|71,080|14,453,897|





## 

|||2022|2022|2021|2021|
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Fixedassets||||||
|Investments|9||14,980,770||14,372,912|
|Currentassets||||||
|Cashatbankandinhand||51,597||87,481||
|Totalcurrentassets||51,597||87,481||
|Creditors:amountsfallingdue||||||
|withinoneyear|10|(6,150)||(6,496)||
|Netcurrentassets|||45,447||80,985|
|Totalnetassets|||15,026,217||14,453,897|
|Thefundsofthecharity:||||||
|Endowmentfunds|12||14,972,640||14,382,817|
|Unrestrictedfunds||||||
|Generalfund|||53,577||71,080|
|Totalcharityfunds|||15,026,217||14,453,897|






## 

|||2022|2021|
|---|---|---|---|
||Notes|£|£|
|Cashflowsfromoperatingactivities:||||
|Netcashusedinoperatingactivities|A|(504,672)|(443,026)|
|Cashflowsfrominvestingactivities:||||
|Dividendsandinterestfrominvestments||491,522|371,439|
|Proceedsfromthedisposalofinvestments||-|18,653,567|
|Purchaseofinvestments||(40,313)|(18,606,281)|
|Netcashprovidedbyinvestingactivities||451,209|418,725|
|Changeincashandcashequivalentsintheyear||(53,463)|(24,301)|
|Cashandcashequivalentsat1April2021|B|105,060|129,361|
|Cashandcashequivalentsat31March2022|B|51,597|105,060|



||Notestothestatementofcashflowsfortheyearto31March|Notestothestatementofcashflowsfortheyearto31March|2022||
|---|---|---|---|---|
|A|Reconciliationofnetmovementinfundstonetcashusedinoperatingactivities||||
||||2022|2021|
||||£|£|
||Netmovementinfunds(asperthestatementoffinancialactivities)||<br>572,320|1,947,135|
||Adjustmentsfor:||||
||(Gains)oninvestments||(585,124)|(2,026,377)|
||Dividendsandinterestfrominvestments||(491,522)|(371,439)|
||Decreaseindebtors||—|7,411|
||Decreaseincreditors||(346)|244|
||Netcashusedinoperatingactivities||(504,672)|(443,026)|
|B|Analysisofcashandcashequivalentsand|movementinnetdebt|||
|||2021|Cashflows|2022|
|||£|£|£|
||Cashatbankandinhand|87,481|(35,884)|51,597|
||Cashheldbyinvestmentmanagers|17,579|(17,579)|-|
||Totalcashandcashequivalents|105,060|(53,463)|51,597|





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|Incomefrominvestments|||
|---|---|---|
||Unrestricted|Unrestricted|
||andtotal|andtotal|
||funds|funds|
||2022|2021|
||£|£|
|Incomefromlistedinvestments|491,524|371,439|
||491,524|371,439|



## 

|Expenditureonraisingfunds|||
|---|---|---|
||Endowment|Endowment|
||andtotal|andtotal|
||funds|funds|
||2022|2021|
||`£`|`£`|
|Investmentmanagercosts|18,036|49,571|



||||Unrestricted|||Unrestricted|
|---|---|---|---|---|---|---|
||Grants|Support|andtotal|Grants|Support|andtotal|
||payable|costs|funds|payable|costs|funds|
||(note4)|(note5)|2022|(note4)|(note5)|2021|
||£|£|£|£|£|£|
|Grantmaking|||||||
|activities|477,100|31,927|509,027|370,000|31,109|401,109|





## 

## 

|Grantspayable|||
|---|---|---|
||Unrestricted|Unrestricted|
||andtotal|andtotal|
||funds|funds|
||2022|2021|
||`£`|`£`|
|RoyalBritishLegionIndustries—routineexpenditureandreliefwork|25,000|15,000|
|BroughtonHouse—routineexpenditureandreliefwork|15,000|20,000|
|CombatStress—insupportoftheCommunityMentalHealthProgramme|30,000||
|foreligiblebeneficiaries||25,000|
|ErskineHospital—routineexpenditureandreliefwork|30,000|25,000|
|PoppyFactory—Insupportofthe'GetYouBacktoWork'programmefor|||
|eligiblebeneficiaries|30,000|20,000|
|Stoll(previouslySirOswaldStollFoundation)—routineexpenditureand|||
|reliefwork|30,500|30,000|
|BlesmaTheLimblessVeterans—insupportofthe'MakingGenerationR'|||
|programme|25,000|15,000|
|Defence MedicalWelfareService—routineexpenditureandreliefwork|25,000|20,000|
|The'NotForgotten'Association—routineexpenditureandreliefwork|10,000|10,000|
|RoyalNavalBenevolentTrust—routineexpenditureandreliefwork|20,000|10,000|
|VeteransAid—Insupportofeligiblebeneficiaries|25,000|25,000|
|BritishEx-ServicesWheelchairSportsAssociation—routineexpenditure|10,000|12,000|
|RoyalCommonwealthEx-ServicesLeague—routineexpenditureand|||
|reliefworkforeligiblebeneficiaries|20,000|15,000|
|Soldiers,Sailors,AirmenandFamiliesAssociation—routineexpenditure|||
|andreliefwork|25,000|15,000|
|CaninePartners—insupportofaspecificcaninepartnership|8,100|10,000|
|GurkhaWelfareTrust—welfaresupporttoeligiblepensionersandin|||
|supportoftheirtwocarehomesinNepal|14,000|11,000|
|ScottishVeterans'Residences—repairandmaintenancework|5,000|6,000|
|Alabare—routineexpenditureandreliefwork|10,000|20,000|
|BournemouthWarMemorialHomes—insupportofcapitalplanstorebuild|||
|thecommonroom||8,000|
|ChaseleyTrust—routineexpenditureandreliefwork|25,000|8,000|
|Launchpad—routineexpenditureandreliefwork|10,000|10,000|
|RoyalNavyandRoyalMarineChildren'sFund—routineexpenditureand|||
|reliefwork|5,000|5,000|
|SpinalInjuriesAssociation—routineexpenditureandreliefwork|7,500|7,500|
|NationalGulfVeteransandFamiliesAssociation—routineexpenditureand|||
|reliefwork|10,000|7,500|
|QueenAlexandraHospitalHome—routineexpenditureandreliefwork|4,000|4,000|
|VeteransOutreachSupport—routineexpenditureandreliefwork|8,000|6,000|
|WilliamSimpson'sHome,Stirling—routineexpenditureandreliefworkin|||
|supportofeligiblebeneficiaries|5,000|5,000|
|RAFAssociation|20,000||
|RMAssociation|5,000||
|RoyalAlfredSeafarers|15,000||
|KartForce—routineexpenditureandreliefwork|5,000|5,000|
|Totalgrantspayabletoinstitutions|477,100|370,000|





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## 

|5|Supportcosts|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||andtotal|andtotal|
|||funds|funds|
|||2022|2021|
|||`£`|`£`|
||Staffcosts(note7)|23,886|24,677|
||Governancecosts|6,859|5,984|
||Othercosts|1,182|448|
|||31,927|31,109|
|6|Netexpenditurefortheyearbeforenetinvestmentgains|||
||Thisisstatedaftercharging:|||
|||2022|2021|
|||`£`|`£`|
||Auditor'sremuneration|||
||.Auditfees|6,150|5,984|
|7|Staffcostsandremunerationofkeymanagementpersonnel|||
|||2022|2021|
|||`£`|`£`|
||Salariesandwages|22,723|23,527|
||Pensioncontributions|1,163|1,150|
|||23,886|24,677|



## 



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|Investments|||
|---|---|---|
||2022|2021|
||`£`|<br>`£`|
|Marketvalueat1April2021|14,355,333|12,376,241|
|Additionsatcost|17,578|18,606,281|
|Disposalsatopeningmarketvalue|—|(16,643,168)|
|Unrealisedinvestmentgains|607,859|15,979|
|Marketvalueat31March2022|14,980,770|14,355,333|
|Cashheldbyinvestmentmanagersforre-investment||17,579|
||14,980,770|14,372,912|
|Historicalcostofinvestmentsat31March2022|14,445,538|14,362,014|



|Holdingat31March2022|||
|---|---|---|
|CharityMulti-AssetFund-Dis|87.07|13,044,042|
|CharityMulti-AssetFund-Acc|12.93|1,936,726|
|Holdingat31March2021|||
|CharityMulti-AssetFund-Dis|87.48|12,557,664|
|CharityMulti-AssetFund-Acc|12.52|1,797,669|



## 

||2022|2021|
|---|---|---|
||`£`|`£`|
|Accruals|6,150|5,970|
|Taxationandsocialsecurity||526|
||6,150|6,496|



## 



## 

## 

|||Amount|
|---|---|---|
|||2022|
|Trustee|Voluntaryorganisation||
|MajorJamesJMacnamara|DefenceMedicalWelfareService|25,000|
|AirCommodoreBCooper|DefenceMedicalWelfareService|25,000|
|||Amount|
|||2021|
|Trustee|Voluntaryorganisation||
|LieutenantCommanderH.BettsRN|BlesmaTheLimblessVeterans|15,000|
|MrEdwardTytherleigh|Stoll|30,000|
|MajorJamesJMacnamara|DefenceMedicalWelfareService|20,000|



## 

|Endowmentfunds|||||
|---|---|---|---|---|
||At1||Expenditure,|At31|
||April||gainsand|March|
||2021|Income|losses|2022|
||£|£|£|£|
|Endowmentfunds|14,382,817||589,823|14,972,640|
||At1||Expenditure,|At31|
||April||gainsand|March|
||2020|Income|losses|2021|
||£|£|£|£|
|Endowmentfunds|12,406,011||1,976,806|14,382,817|



## 

|Analysisofnetassetsbetweenfunds||||
|---|---|---|---|
|||Unrestricted|Total|
||Endowment|general|funds|
||funds|fund|2022|
||£|£|£|
|Fundbalancesat31March2022arerepresentedby:||||
|Investments|14,980,770|-|14,980,770|
|Currentassets|(8,130)|59,727|51,597|
|Creditors:amountsfallingwithinoneyear|—|(6,150)|(6,150)|
|Totalnetassets|14,972,640|53,577|15,026,217|





## 

|||Unrestricted|Total|
|---|---|---|---|
||Endowment|general|funds|
||funds|fund|2021|
||£|£|£|
|Fundbalancesat31March2021arerepresentedby:||||
|Investments|14,372,912|-|14,372,912|
|Currentassets|9,905|77,576|87,481|
|Creditors:amountsfallingwithinoneyear|—|(6,496)|(6,496)|
|Totalnetassets|14,382,817|71,080|14,453,897|
|Thetotalunrealisedgainsasat31March2022constitutemovementsonrevaluationand||||
|areasfollows:||||
|||2022|2021|
|||`£`|`£`|
|Unrealisedgainsincludedabove:||||
|Oninvestments||535,233|(6,682)|
|Totalunrealisedgainsat31March2022||535,233|(6,682)|
|Reconciliationofmovementsinunrealised(losses)gains||||
|Unrealisedgainsat1April2021||(6,682)|(636,171)|
|Movementsinrespectofdisposalsintheyear|||613,510|
|Book costadjustment||(65,945)||
|Netgains(losses)arisingonrevaluationintheyear||607,860|15,979|
|Totalunrealisedgainsat31March2022||535,233|(6,682)|