2022-09-30-accounts - Guards' Chapel Trust

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	`Page`
`Legalandadministrativeinformation`
`Reportofthetrustees`
`independentexaminer'sreport`
`Statementoffinancialactivities`
`Balancesheet`
`StatementofCashFlows`
`Notestothefinancialstatements`	`10`

`Trustees`	`MajorGeneralC` `JGhikaCBE`	`MajorGeneralC` `JGhikaCBE`
	`Colonel€-ALockhartMBE(retired29-July2022}`
	`LieutenantColonel`	`$G Soskin(retired13June2022)`	`.`
	`LieutenantColonel`	`GCGR Stone(retired4 February2022)`
	`D'SS ChichesterEsq”`
	`JamesCampbellJohnstonEsq,`
	`LieutenantColonel`	`JE'N8 Shaw(appointed4 February2022)`
	`LieutenantColonel`	`GC Light(appointed13June2022)`
`Charitynumber`	`238694`
`Address`	`HorseGuards`
	`‘Whitehall`
	`London`
	`-SW1A2AX`
`Independentexaminer`	`CaraTurtingtonFCA`	`DChA`
	`SafferyChampness`	`LLP’`
	`71QuéenVictoriaStreet`
	`Londen`
	`EC4V-4BE.`
`Bankers`	`LloydsTSBBankPle`
	`Guards& CavalryBranch`
	`7PallMall`
	`London`
	`SW1YSNA`
`Solicitors`	`Wilsons`
	`4Lincoln’s.innFields`
	`London`
	`AWC2A:3AA`

	`Unrestricted`	`\|`	`Restricted`			`Total!`	`Unrestricted`	`\|`	`Restricted` `Total`
						`2022`			`2021`
`Cash`	`132,894`	`\|`	`726,950{`			`859,844`	`134,219`	`\|`	`1,043,427\| 1,177,646`
`Investmentportfolio:`	`829,063`			`«\|`		`329,063`	`945,207`		`=\|` `945,207:`
	`961,957`	`\|`	`726,950`		`\|`	`1,688,907`	`1,079,426`	`\|`	`1,043,427\| 2,122,853`

		`Unrestricted`		`Restricted`	`Restricted`	`Total`		`Total`
		`2022`			`2022`	`2022`		`2021`
	`Note`	`£`			`£`	`£`		`£`
`lricome`
`Donations.`	`3`	`78,654`			`95,664`	`174,318`		`255,852.`
`Charitableactivities`	`4`	`71,934`			`-`	`71,934`		`-`
`Investmentincome`	`5`	`21,924.`			`-`	`21,924`		`26,366`
`Otherincomingresources`		`-`			`-`	`-`		`-`
`Totalincome`		`472,512`			`95,664`	`268,176`		`282,248`
`Expenditure`								`:`
`Raisingfunds`	`6`	`7,079`			`-`	`7,079`		`58`
`Charitableactivities`	`7`	`192,797`			`412,141`	`604,938`		`276,526`
`Totalexpenditure`		`199,876`			`412,141`	`612,017`	`\|`	`276,584.`
`Netincomingresources`
`beforemovementson` `investments`		`(27,364)`			`(316,477)` `:`	`(343,841)`		`5,634`
`Gains/{Losses}oninvestment`		`(116,144)`	`—`		`-`	`(116,144)`		`102,948.`
`Netincomeandmovementin` `funds`		`(143,508)`			`(316,477)`	`(459,985)`		`408,582`
`Reconciliation‘ofFunds`
`Totalfundsbroughtforward` `at.1October2021`		`on.` `4,212,824`		`e` `ane` `an` `1,043,427`		`.` `256,251` `2,258,`		`aaa.` `2,147,669`
`Totalfundscarriedforward` `at30September2022`		`1,069,316`			`726,950`	`1,796,266`		`2,256,251.`

		`2022`	`2022`	`2021`	`2021`
	`Notes`	`£`	`£`	`£`	`£`
`Fixedassets`
`Tangiblefixed:assets`			`101,312`		`418,751`
`lnvestments`			`829,063`		`945,207`
			`930,375`		`1,063,958`
`Currentassets`
`Stock`	`10`	`§,819`		`6,104`
`Debtors`	`11`	`7,317`		`11,853`
`Cashat.bank`		`859,844`		`1,177,646`
		`872,980`		`1,195,603:`
`Current[abilities`
`Creditors`	`42`	`7,089`		`3,310`
		`7,089`		`3,310`
`Net:currentassets`			`865,891`
`Netassets`			`1,796,266`		`2,256,251`
`Unrestrictedfunds`	`43,14`		`1,069,601`		`4,212,824`
`Restrictedfunds`	`13,14.`		`726,950`		`1,043,427`
`Totalfunds`			`1,796,266`		`2,256,251`

`Statementofcashflows`			`2022`	`2021.`
			`£`	`£`
`Netcashprovidedbyoperatingactivities:`			`{359,165}`	`(17,731)`
`Cashflowsfrominvestingactivities`
`Investmentincome`			`21,924`	`‘26,366`
`Purchasesofinvéstrnents:`			`(164,561)`	`(201,279)`
`Disposalproceedsfrominvestments:`			`184,000`	`209,883`
`Purchaseoftangiblefixedassets`			`oe`	`(430)`
`Netcashprovidedby/{usedin)investing`			`41,363`	`34,540`
`activities`
`Changeincashandcashequivalentsin-the`
`year`			`(317,802)`	`.16,809_`
`Cashandcashequivalentsat1 October`			`1,177,646`	`1,160,837`	`\|`
`Cashandcashequivalentsat30September`			`859,844`	`1,177,646.`
`Reconciliatio``n` `ofetincometonet.cashflow.`
`from operatingactivities`
`Netincomeforthereportingperiodas.per`
`thestatementoffinancialactivities`			`(459,985)`	`108,581`
`Adjustmentsfor:`
`Depreciationcharges`			`17,440`	`17,332`
`Unrealisedinvestmentlosses/(gains)`			`96,704`	`{111,552}`
`Investmentincome`			`{21,924}`	`{26,366}`
`tincrease}/decreaseindebtors`			`4,536`	`(6,380)`
`Increase/(decrease}increditors`			`3,779`	`580`
`Decrease/(increase)instock`			`285`	`74`
`Netcashprovidedbyoperatingactivities`			`(359,165)`	`(17,734)`
`Cashandcashequivalents`	`At.`	`1`		`At30`
`.`	`October` `2021`		`Movement` `inyear`	`September` `2022`
		`£`	`£`	`£`
`Cashatbank`	`1,177,646.`		`{317,802}`	`859,844.`

`‘2.`	`Taxation`
	`Thecharity's`	`activitiesfallwithintheexemptionsafforded`			`by.theprovisionsofthe`			`Incomeand`
	`CorporationTaxesAct:1988.Accordingly,`		`there.isno`	`taxationchargein`		`theseaccounts.`
`3.`	`Donations`
			`Unrestricted`		`Restricted`		`Total`	`Total`
			`2022`		`2022`		`2022`	`2021`
				`£`	`£`		`£`	`£`
	`Donations-collections` `&grants`		`62,604.`		`95,664`		`158,268`	`237,186`
	`Donations— FriendsoftheGuardsChapel`			`‘675`		`-`	`675`	`2,820`
	`Donationsfor`	`kneelersandplaques`		`-`		`7`	`-`	`592`
	`Wagesinkind:`		`15,375`			`>`	`15,375`	`15,254`
			`78,654`		`95,664`		`174,318`	`255,852`
`4.`	`CharitableActivities`
					`Unrestricted`			`Unrestricted`
							`2022.`	`2021`
								`£`
	`Choir events`	`-`
	`Chapelfees`
`5.`	`Investmentincome`
					`Unrestricted`			`Unrestricted`
							`2022:`	`2021`
							`£`	`£`
	`Investmentincome`						`21,924`	`26,356`
	`Bankinterest`						`-`	`10`
							`21,924.`	`26,366`
`6.`	`Fundraising`
		`Unrestricted`			`Restricted.`		`Total`	`Total`
			`2022`		`2022`		`2022`	`20214`
			`£`		`£`		`£`	`£`
	`Friendsannualjunch`		`=`		`=`		`-`	`58`
	`Staffcosts`		`£,976`		`-`		`1,976`	`-`
	`Travel`		`58.`		`-`		`58`	`-`
	`Otherfundraising`		`5,045`		`-`		`5,045`	`-`
			`7,079`		`-`		`7,079`	`58`

`CharitableActivities`	`CharitableActivities`
		`Unrestricted`	`Restricted`	`Total`	`Total`
		`2022`	`2022`	`2022:`	`2021`
		`£`	`£`	`£`	`£`
`‘Grantsanddonations`		`4,857`	`-`	`4,857`	`872.`
`Organproject`	`‘costs`	`-`	`412,144`	`412,141`	`132,225`
`Organistand`	`choir.`	`107,737`	`-`	`107,737`	`86,335.`
`‘Staffpayand`	`Chaplain’sexpenses`	`”`	`~`	`_`	`2,761`
`‘Wagesinkind`		`15,375`	`:`	`15,375`	`15,254`
`Flowers:andcandles`
`Kneelersand`	`plaques`	`1,394`	`-`	`1,394`	`1,366`
`Cushions`
`Booksprinting,stationery& postage`
`Insurance`		`1,611`	`-`	`1,611`	`1,576`
`Maintenance` `anddepreciation`		`20,023`	`-`	`20,023`	`19,010`
`Admin-andIT`		`36,999`	`-`	`36,999`	`10,853`
`Accountancy`		`3,000`	`-`	`3,000`	`2,880`
`Legalfees`		`1,620`	`*`	`1,620.`	`2,532`
`Sundry`		`181`	`-`	`181`	`863`
`Committeecosts`
		`192,797`	`412,141`	`604,938`	`276,527`

`TangibleFixedAssets`
	`Embellishmentof`	`Bookof`	`Memorial`
	`Guards’Chapel`	`Remembrance.`	`Bookcase`
	`£`	`£`	`£`
`Costat1 Octobér2021`	`74,407`	`3,472`	`1,612`
`Additions:`	`-`	`-`	`:`
`Costat30September2022`	`74,407`	`3,472`	`1,612`
`Depreciationat1 October:2021`	`-`	`-`	`-`
`Current-year-depreciationcharge`	`-`		`”`
`Totaldepreciationat.` `30September2022`	`+`	`-`	`-`
`NetBookValueat30.September2022`	`74,407`	`3,472`	`1,612`
`NetBookValueat` `30September2021`	`74,407`	`3,472`	`1,612`
	`Sound`	`ChoirRobes,`
	`System`	`=Furnitureand`	`2022`
		`Equipment`	`Total`
	`£`	`£`	`£`
`Costat1 October2021`	`69,326`	`37,106`	`185,923`
`Additions.`	`-`	`-`	`-`
`Costat30September2022`	`69,326`	`37,106`	`185,923`
`Depreciationat1 Octeber.2021.`	`30,495`	`36,676`	`67,171`
`Current.yeardepreciationcharge`	`17,332`	`108`	`17,439`
`Totaldepreciationat.30September2022`	`47,827`	`36,784.`	`84,610`
`NetBookValueat30September2022`	`21,499`	`322`	`101,312`
`NetBookValue` `at 30September2021`	`38,831`	`430`	`118,754`

`Investments`
			`2022` `-`	`2021` `.`
`Marketvalue’at`		`1October2021`	`945,207`	`842,258`
`Additions`			`164,561`	`201,279`
`Disposals`			`{184,000}`	`(209,883).`
`Gains/{losses}oninvestments`			`(90,138)`	`102,948,`
`Cashmovement`			`(6,567)`	`8,605`
`Marketvalueat`		`30September2022`	`829,063`	`945,207`
			`2022`	`2021`
			`£`	`£`
`UKGovernment`		`Bonds`	`31,063`	`-`
`UKFixedinterestsecurities`			`58,099`	`108,563`
`OverseéasFixed`	`interestsecurities`		`16,101`	`16,158`
`UKEquityshares`			`239,956`	`309,061`
`OverseasEquity`		`shares.`	`349,964`	`363,922.`
`Other`	`,`		`78,029`	`84,911`
			`773,212`	`$82,615`
`Cash`			`55,851.`	`62,592`
`Marketvalueat.`		`30:September2022`	`829,063`	`945,207`
`Stocks`
			`Unrestricted`	`Unrestricted`
			`2022`	`2021`
			`£`	`£`
`Clothandbadge`		`materials`	`5,819`	`6,104`
			`5,819`	`6,104.`
`Debtors`
			`Unrestricted`	`Unrestricted`
			`»2022`	`2021`
			`£`	`£`
`‘OtherDebtors`			`913`	`-`
`Accruedincome`			`6,404`	`11,853`
			`7,317`	`11,853`

`12.`	`Creditors`
			`Unrestricted`			`Unrestricted`
				`2022`		`2021`
				`£`		`£`
	`Accruals`	`—`		`7,089`		`2,880`
	`Othercreditors`			`-`		`430`
				`7,089`		`3,310`
`13.`	`Netassets`	`byfund`
	`2022.`
			`Unrestricted`	`Restricted`		`‘Total`
	`Tangible`	`fixedassets`	`101,312`		`-`	`101,312`
	`Investments`		`828,063.`		`.`	`829,062`
	`Stock`		`5,819.`		`-`	`5,819`
	`Debtors.`		`7,347`		`-`	`7,317`
	`Cashatbank`		`132,894:`	`726,950`		`859,844`
	`Creditors`		`(7,089)`		`-`	`(7,089}`
	`Total`		`1,069,316.`	`726,950`		`1,796,266`
	`2021`
			`Unrestricted`	`Restricted`		`Total`
	`Tangible`	`fixedassets`	`118,751`		`-`	`118,751`
	`Investments`		`945,207`		`-`	`945,207`
	`Stock`		`6,104`		`-`	`6,104`
	`Debtors`		`11,853`		`”`	`11,853`
	`Cashatbank`		`134,219`	`1,043,427`		`1,177,646`
	`Creditors`		`(3,310).`		`-`	`{3,310}`
	`Total`		`1,212,824`	`1,043,427`		`2,256,251`

	`1October.`	`Incoming`	`Resources`	`Gainon`		`30`
	`2021`	`resources`	`expended`	`investments`		`September`
						`2022`
`Unrestrictedfund’`	`4937.824`	`172,512`	`(199,876)`	`(116,144)`		`1,069,316`
`Restrictedfund`	`1,043,427`	`95,664`	`(412,141)`		`-`	`726,950`
`Total`	`2,256,251`	`268,176`	`(612,017)`	`(116,144)`		`1,796,266`
	`1October`	`Incoming`	`Resources`	`Gain-on`		`30`
	`2020`	`resourcés`	`expended`	`investments`		`September`
						`2021`
`Unrestrictedfund`	`4497923`	`127,212`	`—*{144,359)`	`102,948`		`1,212,824`
`Restrictedfund`	`1,020,646`	`155,006`	`(132,225)`		`-`	`1,043,427`
`Total`	`2,147,669`	`282,218`	`(276,584)`	`102,948`		`2,256,254`

		`Unrestricted`	`Restricted`	`Total`
		`2021.`	`2021`	`2021.`
	`Note`	`£`	`£`	`£`
`Income`
`Donations`	`3`	`100,846`	`155,006`	`255,852`
`Charitableactivities`	`4`
`Investmentincome`	`5`	`26,366`	`-`	`26,366`
`Otherincomingresources`
`Total.income`		`127,212`	`155,006`	`282,218`
`Expenditure`
`Raisingfunds`	`6`	`58`	`-`	`58`
`Charitableactivities`	`7`	`144,301`	`$32,225`	`276,526`
`Totalexpenditure`		`144,359`	`132,225`	`276,584`
`Net(otstgaing}/incomingresourcesbefore`
`gainsoninvestments`		`(17,147)`	`22,781`	`5,634`
`Lossesoninvestment`		`102,948`	`-`	`102,948`
`Netmovementinfunds`		`85,801`	`22,781`	`108,582`
`‘ReconciliationofFunds:`
`Totalfundsbroughtforwardat1 October’` `2019`		`4,127,023`	`1,020,646`	`2,147;669`
`Totatfundscartiedforwardat 30September` `2020`		`1,212,824`	`1,043,427`	`2,256,252`