## ||Page| |---|---| |Legal and administrative information|| |Report of the trustees|2| |Independent examinees report|6| |Statement of financial activities|| |Balance sheet|8| |Statement of Cash Flows|9| |Notes to the financial statements|10| ## |Trustees|Major General B J Bathurst CBE| |---|---| ||Major General C J Ghika CBE (appointed 15 November 2019)| ||Colonel C A Lockhart MBE| ||Lieutenant Colonel S G Soskin| ||Lieutenant Colonel G C G R Stone| ||DS SChichester Esq (appointed 13 November2019)| ||James Campbell Johnston (appointed 18 February 2021)| |Charity number|238694| |Address|Horse Guards| ||Whitehall| ||London| ||SW1A 2AX| |Independent examiner|Cara Turlington FCA DChA| ||Saffery Champness LLP| ||71 Queen Victoria Street| ||London| ||EC4V4BE| |Bankers|Lloyds TSB Bank Pic| ||Guards & Cavalry Branch| ||7 Pall Mall| ||London| ||SW1Y SNA| |Solicitors|Wilsons| ||4 Lincoln's Inn Fields| ||London| ||WC2A 3AA| ## ## ## ## ## ## ## ## ## ## ## 9 July 2021 |||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| |||2020|2020|2020|2019| |Income|Note|£|£|£|£| |Donations
Charitable activities|3
4|75,375
54,331|449,100|54,331|604,142
68,034| ||5|19,537||19,537|25,341| |resources||502||503|593| |Total ¡||149,745|449,100|598,845|698,110| |Expenditure|||||| |Raising funds
Charitable activities|6|3,926
171,726||3,926|94,310
167,005| |Total expenditure||175,652|16,403||| |Net (outgoing)/ incoming|||||| |resources before movements|||||| |on investments||(25,907)|432,697|406,790|436,795| |(Losses)/Gains on investment||(68,708)||(68,708)|| |Net movement in funds||(94,615)|432,697|338,082|| ||||||467,262| |Reconciliation of Funds|||||| |Total funds brought forward
at 1 October 2019||1,221,638||1,809,587|1,342,325| |Total funds carried forward
at 30 September 2020||1,127,023|1,020,646|2,147,669|1,809,587| |||2020|2020|2019|2019| |---|---|---|---|---|---| ||Notes|£|£|£|£| |Fixed assets|||||| |Tangible fixed assets
Investments|8
9||135,653
842,258||141,317
910,898| ||||977,911||1,052,215| |Current assets|||||| |Stock
Debtors|10|6,178||5.696|| |_Accrued_ _income_
Cash at bank|11|5,473
1,160,837||10,388
744,245|| |||1,172,488||760,329|| |Current liabilities|||||| |Creditors|12|2,730|||| |||||2,957|| |||2,730|||| |||||2,957|| |Net current assets|||1,169,758||757,372| |Net assets|||2,147,669||1,809,587| |Unrestricted funds
Restricted funds|**13Д4**
**13Д4**||1,127,023
1,020,646||1,221,638
587,949| |Total funds|||2,147,669||1,809,587| |Approved by trustees on|**_L (h_**|2021|||| |Trustee|||||| |Statement of cash flows||2020|2019| |---|---|---|---| |||£|£| |Net cash provided by operating activities||379,558|423,565| |Cash flows from investing activities|||| |Investment income
Purchases of investments
Disposal proceeds from investments
Purchase of tangible fixed assets
Net cash provided by/ (used in) investing
activities||19,537
(116.773)
150,939
(16,669)
37,034|25,341
(181,648)
173,388
(52,657)
(35,576)| |Change in cash and cash equivalents in the|||| |year
Cash and cash equivalents at 1 October
Cash and cash equivalents at 30 September||416,592
744.245
1,160,837|387,989
356,256
744,245| |Reconciliation of net income to net cash flow|||| |from operating activities|||| |Net income for the reporting period as per|||| |the statement of financial activities|||467,262| |Adjustments for:|||| |Depreciation charges
Unrealised investmer
Investment income
Decrease/(lncrease) in debtors
(Oecrease)/increa$e in creditors
(lncrease)/Decrease in stock||34,474
(19,537)
4,915
(227)
(482)|9Д69
(22,207)
(25,341)
(2,041)
(4,492)
1,215| |Net cash provided by operating activities||379.SS8|423,565| |Cash and cash equivalents|At 1||At 30| ||October|Movement|September| ||2019|in year|2020| ||£|£|£| |Cash at bank|744,245|416,592|1,160,837| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations||||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||2020|2020|2020|2019| |Donations collections & grants
Donations - Friends of the Guards Chapel|£|£
449,100|£
498,971
5,926|£
579,645| |Donations for kneelers and plaques
Wages in kind|||4,872
14,706|4,492| ||75,375|449,100|524,475|604.142| |4.|Charitable Activities||||| |---|---|---|---|---|---| ||||Unrestricted||Unrestricted| |||||2020|2019| ||Choir events
Chapel fees|||£
28,518
25,813|£
33.669
34,365| |||||54,331|68,034| |5.|Investment income||||| ||||Unrestricted||Unrestricted| |||||2020|2019| ||Inves
Bank
interest|||£
19,448
89|£
25,239
102| ||||||25,341| |6.|Fundraising||||| |||Unrestricted|Restricted|Total|Total| |||2020|2020|2020|2019| |||£|£|£|£| ||Friends annual lunch|813||813|750| ||Other fundraising|ЗД13||3,113|93,560| |||3,926||3,926|94,310| ## ## |Charitable Activities||||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||2020|2020|2020|2019| ||£|£|£|£| |Grants and donations|12,753|||12,979| |Organ project costs||16,403||| |Organist and choir|86,986||89,986|| |Staff pay and Chaplain’s expenses|700||700|| |Wages in kind|14,706|||| |Flowers and candles|||4,976|| |Kneelers and plaques|9Д67||9Д67|5,244| |Cushions|1,398|||| |Books printing, stationery & postage|8,562|||| |Insurance|1,638|||| |Maintenance and depreciation||||| |Admin and IT|1,782|||| |Accountancy|2,960|||| |Committee costs|187||187|118| ||171,726|**16.403**|188Д29|167,005| ## ## |Tangible Fixed Assets|||| |---|---|---|---| ||Embellishment of|Book of|Memorial| |||Remembrance|Bookcase| ||£|£|£| |Cost at 1 October 2019
Additions|74,407|3,472|1,612| |Cost at 30 September 2020|74,407|3,472|1,612| |Depreciation at 1 October 2019|||| |Current year depreciation charge|||| |Total depreciation at 30 September 2020|||| |Net Book Value at 30 September 2020|74,407|3,472|1,612| |Net Book Value at 30 September 2019|74,407|3,472|1,612| ||Sound|Choir Robes,|| ||System|Furniture and|2020| ||||Total| ||£|£|£| |Cost at 1 October 2019|52,657|36,676|168,824| |Additions|16,669||| ||||16,669| |Cost at 30 September 2020|69,326|36,676|| ||||185.493| |Depreciation at 1 October 2019||27,507|| |Current year depreciation charge|13,164||| ||||22,333| |Total depreciation at 30 September 2020|13,164|36,676|| |Net Book Value at 30 September 2020|56,162||135,653| |Net Book Value at 30 September 2019|52,657|9Д69|141,317| ## |Investments||| |---|---|---| ||2020|2019| |Market value at 1 October 2019
Additions
Disposals
(Losses)/ Gains on investments
Cash movement|£
910,898
116,773
(150,939)
(68,708)|£
880,431
181,648
(173.388)
30,467
(8.260)| |Market value at 30 September 2020||910,898| ||2020|2019| |UK Government Bonds
UK Fixed interest securities
Overseas Fixed interest securities
UK Equity shares
Overseas Equity shares
Other|£
36,218
62,308
16,425
281,785
310,236
89,719|£
30,191
64,237
15,898
417,273
311,531
60,435| |Cash|796,691
45,567|899.565
11,333| |Market value at 30 September 2020|842.258|910,898| ||Stocks||| |---|---|---|---| |||Unrestricted|stricted| |||2020|2019| ||Cloth and badge materials|£
6Д78|£
5,696| |||6Д78|5,696| |11.|Debtors||| |||Unrestricted|Unrestricted| |||2020|2019| ||Accrued income|£
5,473|£
10,388| |||5,473|10,388| ## |12.|Creditors|||| |---|---|---|---|---| |||Unrestricted||Unrestricted| ||||2020|2019| ||Accruals
Other creditors||£
2.730|£
2.500
457| ||||2,730|2,957| |13.|Net assets by fund|||| ||2020|||| |||Unrestricted|Restricted|Total| ||Tangible fixed assets
Investments
Stock
Debtors
Cash at bank
Creditors|842,258
6,178
140,191
(2,730)|1,020,646|135,653
842,258
6,178
5,473
1,160,837
(2,730)| ||Total|1,127,023|1,020,646|| ||2019|||| |||Unrestricted|Restricted|Total| ||Tangible fixed assets
Investments
Stock
Debtors
Cash at bank
Creditors|141,317
910,898
5,696
10,388
156.296
(2,957)|587,949|141,317
910,898
5,696
10,388
744,245
**(2,957)**| ||Total|1,221,638|587,949|1,809,587| ## ||1 Octo|Incoming|Resources|Loss on|30| |---|---|---|---|---|---| ||019|resources|expended|investments|September| ||||||2020| |Unrestricted fund
Restricted fund|1,221,638
587,949|149,745
449Д00|(175.652)
(1M03)|(68,708)|1,127,023
1,020,646| |Total|1,809,587||(192,055)|(68,708)|2,147,669| ||1 October|Incoming|Resources|Gain on|30| ||2018|resources|expended|investments|September| ||||||2019| |Unrestricted fund
Restricted fund|1,040,911
301,414|319,230
378,880|(168,970)
(92,345)|30.467|1,221,638
587,949| |Total|1,342,325|698,110|(261,315)|30,467|1,809,587| ## ## |||Unrestricted|Restricted|Total| |---|---|---|---|---| |||2019|2019|2019| |Income|Note|£|£|£| |Donations
Charitable activities
Investment income
Other incoming resources|3
4
5|225,262
68,034
25,341
593|378.880|579,642
68,034
25,341
593| |||319,230|378,880|698,110| |Expenditure||||| |Raising funds
Charitable activities|6|1,965
167,005|92,345|94,310
167,005| |Total expenditure||168,970|92,345|261,315| |Net (outgoing)/incoming resources before||||| |gains on investments||150,260|286,535|436,795| |Gains on investment||30,467||30,467| |Neti||180,727|286,535|467,262| |Net movement in funds||180,727|286,535|436,795| |Reconciliation of Funds||||| |Total funds brought forward at 1 October
2018||1,040,911|301,414|1,342,325| |Total funds carried forward at 30 September
2019||1,221,638|587,949|1,809,587|