2022-12-31-accounts - The Royal Hampshire Regiment Welfare Fund

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		Page
Report ofthe Trustees	1	to	3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	7	to	13
Detailed Statement ofFinancial Activities	14	to	15

							31.12.22	31.12.21
						The
						Hampshire
					Comrades'	&Isle of
					Association	Wight
					General	Military	Total	Total
					Fund	Aid Fund	funds	funds
				Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies				110	4,631	4,741	3,226
Other trading activities					414		414	498
Investment	income				19,428	16,810	36,238	35,503
Total					19,952	21,441	41,393	39,227
EXPENDITURE ON
Charitable	activities
Charitable	grants and donations				2,717	12,053	14,770	10,657
Comrades'	activities				4,248		4,248	1,140
In support	ofthe regimental		museum		72,238		72,238	40,236
In support	ofthe memorial		garden		55		55	25
Other					(66,894)	19,713	(47,181)	40,276
Total					12,364	31,766	44,130	92,334
Net gains/(losses) on investments					(67,809)	(58,378)	(126,187)	237,189
NKT INCOME/(EXPENDITURE)					(60,221)	(68,703)	(128,924)	184,082
RECONCILIATION		OF	FUNDS
Total funds	brought forward				948,973	871,587	1,820,560	1,636,478
TOTAL FUNDS CARRIED FORWARD					888,752	802,884	1,691,636	1,820,560

			31stDe	cember 2022
						31.12.22	31.12.21
					The
					Hampshire
				Comrades'	k,Isleof
				Association	Wight
				General	Military	Total	Total
				Fund	Aid Fund	funds	funds
			Notes
FIXEDASSETS
Tangible assets			10	2,300		2,300	2,300
Investments			11	865,667	753,578	1,619,245	1,733,757
				867,967	753,578	1,621,545	1,736,057
CURRENT	ASSETS
Debtors				14,362		14,362	12,362
Cash at bank				8,880	49,306	58,186	74,742
				23,242	49,306	72,548	87,104
CREDITORS
Amounts falling due within one year			13	(2,457)		(2,457)	(2,601)
NET CURRENT ASSETS				20,785	49,306	70,091	84,503
TOTAL ASSETSLESSCURRENT
LIABILITIES				888,752	802,884	1,691,636	1,820,560
NET ASSETS				888,752	802,884	1,691,636	1,820,560
FUNDS			14
Unrestricted	funds:
Comrades'	Association	General Fund				888,752	948,973
The Hampshire &Isle		ofWight Military Aid				802,884	871,587
Fund
						1,691,636	1,820,560
TOTALFUNDS						1,691,636	1,820,560

	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES
					31.12.22	31.12.21
	Donations				1,304	200
	Grants				2,717	1,698
	Subscriptions				720	1,328
					4,741	3,226
	Grants received,		included	in the above, are as follows:
					31.12.22	31.12.21
	Royal Hampshire		Regiment Comrades Association		2,717	1,698
3.	OTHER	TRADING ACTIVITIES
					31.12.22	31.12.21
	Newsletter				414	453
	Wreaths					45
					414	498
4.	INVESTMENT		INCOME
					31.12.22	31.12.21
	Dividends	received			36,215	35,497
	Interest received				23	6
					36,238	35,503

								Grant
								funding of
								activities	Support
							Direct	(see note	costs (see
							Costs	6)	note 7)	Totals
	Charitable	grants	and donations					14,770		14,770
	Comrades'	activities					4,248			4,248
	In support	ofthe	regimental	museum			67,193		5,045	72,238
	In support	ofthe	memorial	garden			55			55
							71,496	14,770	5,045	91,311
6.	GRANTS	PAYABLE
									31.12.22	31.12.21
	Charitable	grants	and donations						14,770	10,657
	The total grants paid to individuals				during the year		was as follows:
									31.12.22	31.12.21
	Individuals								8,153	7,261
	Hants and	Isle ofWight MAF							2,717	1,698
	Royal Hampshire		Regiment	Comrades'		Association	disbursed		3,900	1,698
									14,770	10,657
7.	SUPPORT COSTS
									Governance
								Management	costs	Totals
								K
	Other resources expended							(49,928)	2,747	(47,181)
	In support	ofthe	regimental	museum				5,045		5,045
								(44,883)	2,747	(42,136)

					31.12.22	31.12.21
				In
				silppoft
			Other	ofthe
			resources	regimental	Total	Total
			expended	museum	activities	activities
Staffsalaries			25,500		25,500	43,270
Social security			1,040		1,040	1,487
Pensions						2,730
Equipment		replacement		341	341	4,977
Insurance				1,788	1,7S8	2,071
Travelling	expenses			468	468	215
Telephone			895		895	793
Once costs			1,647	1,388	3,035	1,722
Sundries			270	235	505	353
Cleaning				825	825	688
Trustee meeting costs			720		720	717
Trust costs	allocation		(80,000)		(80,000)	(15,000)
			(49,928)	5,045	(44,883)	44,023
Governance		costs
					31.12.22	31.12.21
					Other
					resources	Total
					expended	activities
Legal fees					1,607
Accountancy					1,140	1,230
					2,747	1,230

9.	STAFFCOSTS	STAFFCOSTS	STAFFCOSTS
	The average monthly number ofemployees			during the year was as follows:
					31.12.22	31.12.21
	Administration				1	1
	Museum				4	1
	No employees received emoluments		in excess off60,000.
10.	TANGIBLE FIXEDASSETS
						Freehold
						property
	COST
	At 1stJanuary 2022 and
	31stDecember 2022					2,300
	NET BOOKVALUE
	At 31stDecember 2022					2,300
	At 31stDecember 2021					2,300
11.	FIXEDASSETINVESTMENTS
						Unlisted
						investments
	M'ARKET VALUE
	At 1stJanuary 2022					1,733,757
	Additions					11,675
	Revaluations					(126,187)
	At 31stDecember 2022					1,619,245
	NET BOOKVALUE
	At 31stDecember 2022					1,619,245
	At 31stDecember 2021					1,733,757
	There were no investment	assets outside the		UK.

				31.12.22	31.12.21
	Inter trust balances			11,222	11,882
	Prepayments and accrued income			3,140	480
				14,362	12,362
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.12.22	31.12.21
	Social security and other taxes			792	518
	Accrued expenses			1,665	2,083
				2,457	2,601
14.	MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.1.22	in funds	31.12.22
	Unrestricted funds
	Comrades' Association	General Fund	948,973	(60,221)	888,752
	The Hampshire &Isle	ofWight Military
	Aid Fund		871,587	(68,703)	802,884
			1,820,560	(128,924)	1,691,636
	TOTAL FUNDS		1,820,560	(128,924)	1,691,636

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
Comrades'	Association General Fund		19,952	(12,364)	(67,809)	(60,221)
The Hampshire		&Isle ofWight Military
Aid Fund			21,441	(31,766)	(58,378)	(68,703)
			41,393	(44,130)	(126,187)	(128,924)
TOTAL	FUNDS		41,393	(44,130)	(126,187)	(128,924)

					Net
					movement	At
				At 1.1.21	in funds	31.12.21
Unrestricted		funds
Comrades'	Association		General Fund	871,345	77,628	948,973
The Hampshire		&Isle	ofWight Military
Aid Fund				765,133	106,454	871,587
				1,636,478	184,082	1,820,560
TOTAL	FUNDS			1,636,478	184,082	1,820,560

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
Unrestricted		funds
Comrades'	Association		General Fund	19,931	(70,719)	128,416	77,628
The Hampshire		&Isle	ofWight Military
Aid Fund				19,296	(21,615)	108,773	106,454
				39,227	(92,334)	237,189	184,082
TOTAL	FUNDS			39,227	(92,334)	237,189	184,082

	for the Year Ended 31s	tDecember 2022
		31.12.22	31.12.21
		Unrestricted	Total
		funds	funds
INCOME AND ENDOWMENTS
Donations and legacies
Donations		1,304	200
Grants		2,717	1,698
Subscriptions		720	1,328
		4,741	3,226
Other trading activities
Newsletter		414	453
Wreaths			45
		414	498
Investment income
Dividends received		36,215	35,497
Interest received		23	6
		36,238	35,503
Total incoming resources		41,393	39,227
EXPENDITURE
Charitable activities
Museum -wages		51,178	27,894
Museum - social security		626	908
Pensions		820	750
Annual Reunion		1,678
Wreaths		470	370
Subscriptions		1,373	1,454
Comrades' Esprit de Corps		1,100	470
Memorial repairs		1,000
Museum - HCC service charges		7,500
Museum - conservation		714	1,055
Museum -volunteers'	expenses	861	347
Museum - ITsupport		4,121	3,151
Garden maintenance		55	25
Grants to individuals		14,770	10,657
		86,266	47,081
Support costs
Management
Staffsalaries		25,500	43,270
Carried forward		25,500	43,270

		for the Year Ende	d 31stDecember 2022
			31.12.22	31.12.21
			Unrestricted	Total
			funds	funds
Management
Brought forward			25,500	43,270
Social security			1,040	1,487
Pensions				2,730
Equipment	replacement		341	4,977
Insurance			1,788	2,071
Travelling	expenses		468	215
Telephone			895	793
OAice costs			3,035	1,722
Sundries			505	353
Cleaning			825	688
Trustee meeting costs			720	717
Trust costs	allocation		(80,000)	(15,000)
			(44,883)	44,023
Governance		costs
Legal fees			1,607
Accountancy			1,140	1,230
			2,747	1,230
Total resources		expended	44,130	92,334
Net income			(2,737)	(53,107)

		Page
Report ofthe Trustees	1	to	3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	7	to	13
Detailed Statement ofFinancial Activities	14	to	15

							31.12.22	31.12.21
						The
						Hampshire
					Comrades'	&Isle of
					Association	Wight
					General	Military	Total	Total
					Fund	Aid Fund	funds	funds
				Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies				110	4,631	4,741	3,226
Other trading activities					414		414	498
Investment	income				19,428	16,810	36,238	35,503
Total					19,952	21,441	41,393	39,227
EXPENDITURE ON
Charitable	activities
Charitable	grants and donations				2,717	12,053	14,770	10,657
Comrades'	activities				4,248		4,248	1,140
In support	ofthe regimental		museum		72,238		72,238	40,236
In support	ofthe memorial		garden		55		55	25
Other					(66,894)	19,713	(47,181)	40,276
Total					12,364	31,766	44,130	92,334
Net gains/(losses) on investments					(67,809)	(58,378)	(126,187)	237,189
NKT INCOME/(EXPENDITURE)					(60,221)	(68,703)	(128,924)	184,082
RECONCILIATION		OF	FUNDS
Total funds	brought forward				948,973	871,587	1,820,560	1,636,478
TOTAL FUNDS CARRIED FORWARD					888,752	802,884	1,691,636	1,820,560

			31stDe	cember 2022
						31.12.22	31.12.21
					The
					Hampshire
				Comrades'	k,Isleof
				Association	Wight
				General	Military	Total	Total
				Fund	Aid Fund	funds	funds
			Notes
FIXEDASSETS
Tangible assets			10	2,300		2,300	2,300
Investments			11	865,667	753,578	1,619,245	1,733,757
				867,967	753,578	1,621,545	1,736,057
CURRENT	ASSETS
Debtors				14,362		14,362	12,362
Cash at bank				8,880	49,306	58,186	74,742
				23,242	49,306	72,548	87,104
CREDITORS
Amounts falling due within one year			13	(2,457)		(2,457)	(2,601)
NET CURRENT ASSETS				20,785	49,306	70,091	84,503
TOTAL ASSETSLESSCURRENT
LIABILITIES				888,752	802,884	1,691,636	1,820,560
NET ASSETS				888,752	802,884	1,691,636	1,820,560
FUNDS			14
Unrestricted	funds:
Comrades'	Association	General Fund				888,752	948,973
The Hampshire &Isle		ofWight Military Aid				802,884	871,587
Fund
						1,691,636	1,820,560
TOTALFUNDS						1,691,636	1,820,560

	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES
					31.12.22	31.12.21
	Donations				1,304	200
	Grants				2,717	1,698
	Subscriptions				720	1,328
					4,741	3,226
	Grants received,		included	in the above, are as follows:
					31.12.22	31.12.21
	Royal Hampshire		Regiment Comrades Association		2,717	1,698
3.	OTHER	TRADING ACTIVITIES
					31.12.22	31.12.21
	Newsletter				414	453
	Wreaths					45
					414	498
4.	INVESTMENT		INCOME
					31.12.22	31.12.21
	Dividends	received			36,215	35,497
	Interest received				23	6
					36,238	35,503

								Grant
								funding of
								activities	Support
							Direct	(see note	costs (see
							Costs	6)	note 7)	Totals
	Charitable	grants	and donations					14,770		14,770
	Comrades'	activities					4,248			4,248
	In support	ofthe	regimental	museum			67,193		5,045	72,238
	In support	ofthe	memorial	garden			55			55
							71,496	14,770	5,045	91,311
6.	GRANTS	PAYABLE
									31.12.22	31.12.21
	Charitable	grants	and donations						14,770	10,657
	The total grants paid to individuals				during the year		was as follows:
									31.12.22	31.12.21
	Individuals								8,153	7,261
	Hants and	Isle ofWight MAF							2,717	1,698
	Royal Hampshire		Regiment	Comrades'		Association	disbursed		3,900	1,698
									14,770	10,657
7.	SUPPORT COSTS
									Governance
								Management	costs	Totals
								K
	Other resources expended							(49,928)	2,747	(47,181)
	In support	ofthe	regimental	museum				5,045		5,045
								(44,883)	2,747	(42,136)

					31.12.22	31.12.21
				In
				silppoft
			Other	ofthe
			resources	regimental	Total	Total
			expended	museum	activities	activities
Staffsalaries			25,500		25,500	43,270
Social security			1,040		1,040	1,487
Pensions						2,730
Equipment		replacement		341	341	4,977
Insurance				1,788	1,7S8	2,071
Travelling	expenses			468	468	215
Telephone			895		895	793
Once costs			1,647	1,388	3,035	1,722
Sundries			270	235	505	353
Cleaning				825	825	688
Trustee meeting costs			720		720	717
Trust costs	allocation		(80,000)		(80,000)	(15,000)
			(49,928)	5,045	(44,883)	44,023
Governance		costs
					31.12.22	31.12.21
					Other
					resources	Total
					expended	activities
Legal fees					1,607
Accountancy					1,140	1,230
					2,747	1,230

9.	STAFFCOSTS	STAFFCOSTS	STAFFCOSTS
	The average monthly number ofemployees			during the year was as follows:
					31.12.22	31.12.21
	Administration				1	1
	Museum				4	1
	No employees received emoluments		in excess off60,000.
10.	TANGIBLE FIXEDASSETS
						Freehold
						property
	COST
	At 1stJanuary 2022 and
	31stDecember 2022					2,300
	NET BOOKVALUE
	At 31stDecember 2022					2,300
	At 31stDecember 2021					2,300
11.	FIXEDASSETINVESTMENTS
						Unlisted
						investments
	M'ARKET VALUE
	At 1stJanuary 2022					1,733,757
	Additions					11,675
	Revaluations					(126,187)
	At 31stDecember 2022					1,619,245
	NET BOOKVALUE
	At 31stDecember 2022					1,619,245
	At 31stDecember 2021					1,733,757
	There were no investment	assets outside the		UK.

				31.12.22	31.12.21
	Inter trust balances			11,222	11,882
	Prepayments and accrued income			3,140	480
				14,362	12,362
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.12.22	31.12.21
	Social security and other taxes			792	518
	Accrued expenses			1,665	2,083
				2,457	2,601
14.	MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.1.22	in funds	31.12.22
	Unrestricted funds
	Comrades' Association	General Fund	948,973	(60,221)	888,752
	The Hampshire &Isle	ofWight Military
	Aid Fund		871,587	(68,703)	802,884
			1,820,560	(128,924)	1,691,636
	TOTAL FUNDS		1,820,560	(128,924)	1,691,636

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
Comrades'	Association General Fund		19,952	(12,364)	(67,809)	(60,221)
The Hampshire		&Isle ofWight Military
Aid Fund			21,441	(31,766)	(58,378)	(68,703)
			41,393	(44,130)	(126,187)	(128,924)
TOTAL	FUNDS		41,393	(44,130)	(126,187)	(128,924)

					Net
					movement	At
				At 1.1.21	in funds	31.12.21
Unrestricted		funds
Comrades'	Association		General Fund	871,345	77,628	948,973
The Hampshire		&Isle	ofWight Military
Aid Fund				765,133	106,454	871,587
				1,636,478	184,082	1,820,560
TOTAL	FUNDS			1,636,478	184,082	1,820,560

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
Unrestricted		funds
Comrades'	Association		General Fund	19,931	(70,719)	128,416	77,628
The Hampshire		&Isle	ofWight Military
Aid Fund				19,296	(21,615)	108,773	106,454
				39,227	(92,334)	237,189	184,082
TOTAL	FUNDS			39,227	(92,334)	237,189	184,082

	for the Year Ended 31s	tDecember 2022
		31.12.22	31.12.21
		Unrestricted	Total
		funds	funds
INCOME AND ENDOWMENTS
Donations and legacies
Donations		1,304	200
Grants		2,717	1,698
Subscriptions		720	1,328
		4,741	3,226
Other trading activities
Newsletter		414	453
Wreaths			45
		414	498
Investment income
Dividends received		36,215	35,497
Interest received		23	6
		36,238	35,503
Total incoming resources		41,393	39,227
EXPENDITURE
Charitable activities
Museum -wages		51,178	27,894
Museum - social security		626	908
Pensions		820	750
Annual Reunion		1,678
Wreaths		470	370
Subscriptions		1,373	1,454
Comrades' Esprit de Corps		1,100	470
Memorial repairs		1,000
Museum - HCC service charges		7,500
Museum - conservation		714	1,055
Museum -volunteers'	expenses	861	347
Museum - ITsupport		4,121	3,151
Garden maintenance		55	25
Grants to individuals		14,770	10,657
		86,266	47,081
Support costs
Management
Staffsalaries		25,500	43,270
Carried forward		25,500	43,270

		for the Year Ende	d 31stDecember 2022
			31.12.22	31.12.21
			Unrestricted	Total
			funds	funds
Management
Brought forward			25,500	43,270
Social security			1,040	1,487
Pensions				2,730
Equipment	replacement		341	4,977
Insurance			1,788	2,071
Travelling	expenses		468	215
Telephone			895	793
OAice costs			3,035	1,722
Sundries			505	353
Cleaning			825	688
Trustee meeting costs			720	717
Trust costs	allocation		(80,000)	(15,000)
			(44,883)	44,023
Governance		costs
Legal fees			1,607
Accountancy			1,140	1,230
			2,747	1,230
Total resources		expended	44,130	92,334
Net income			(2,737)	(53,107)