2023-12-31-accounts

THE ROYAL HAMPSHIRE REGIMENT TRUST

Chairman – Colonel SAC Frere-Cook MBE Secretary – Lt Col CA Bulleid

ANNUAL REPORT FOR THE CHARITIES COMMISSION THE ROYAL HAMPSHIRE REGIMENT FOR THE YEAR ENDING 31[ST] DECEMBER 2023

1. The Royal Hampshire Regiment Trust continues to act as the umbrella for the following charity funds:

The Royal Hampshire Regiment Museum 272965 The Royal Hampshire Regiment Welfare Fund 246902

2. The Royal Hampshire Regiment Trust - Summary

a. Since the reorganisation of the Regimental Trust at the beginning of 2022, the administrative burden, which the reorganisation was supposed to be eased, has only marginally improved on account of the various charities needing to be linked rather than amalgamated. It has therefore been decided by Trustees that work should be undertaken in 2024 to apply for both principal charities should become Charitable Incorporated Organisations (CIOs).

b. The 2022 lease continues to run with the Regimental Trust paying Hampshire County Council (HCC) the agreed £10,000 per annum as the Upkeep and Maintenance charge for the use of the Ground Floor of Serle's House. This sum includes an element for the provision of fuel and light; despite financial constraints on the Council, it was perceived that the cost of splitting the wiring and piping for separate meterage would not be cost effective.

b. Lt Col CA Bulleid continues as Trust Secretary and Chief Executive on a part time basis (3 days a week); Mrs Susannah Jarvis, remains the Curator. In addition, 3 part-time assistant curators are now employed to carry out “Front of House” duties and help the Curator with ancestor research enquiries etc. Volunteers (now more lay members of the public than ex-soldiers for the first time) continued to do outstanding and essential work – especially in the Museum and Memorial Garden.

c. The footfall by the general public, which had marginally increased post Covid Pandemic, has still not returned to pre-Covid numbers and more work will need to be done to encourage this.

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3. Financial Policies

• a. Funds for the 2 charities in the Trust are accounted for separately, but all continue to contribute to core expenditure. The Transaction account continues to manage this. The Welfare Fund continues to foster ‘esprit de corps’ (as the Comrades’ Association did before it) and Welfare Grants are also paid from this fund as had happened in the past with the Hampshire and Isle of Wight Military Aid Fund.

b. The investments, with Newton Investment Management Ltd since 2015, have continued to produce excellent returns. Trustees believe sufficient funds need to be generated and held in reserve in order of priority to:

• (i) Support benevolence and esprit de corps for former members of the Royal Hampshire Regiment and who are in need, hardship, or distress.

• (ii) Improve and refresh the Museum displays so that these continue to enlighten the Public about the County Regiment as well the Army today. It was agreed that as the last major refurbishment of the museum was carried out in 2014, another revamp should be undertaken for 2024, to coincide with the 80[th] anniversary of the D Day Landings.

• (iii) Insure the museum and its artefacts against unexpected disasters.

• (iv) Maintain the Memorial Garden to a high standard.

• c. Looking ahead, Trustees project at least a further 25 years required for benevolence. For the Museum and Memorial Garden, we are looking, initially, to 2032. We assess annual running costs, using predominantly volunteers working under an experienced curatorial team, to be of the order of £70-80k a year from 2023.

4. General Policies

Risk assessment, DDA and child protection policies continue to be maintained. The Child Protection Policy forms part of our Accreditation Status. A schedule of all risks is assessed annually covering the Museum, the Memorial Garden, electrical and office equipment. A COSHH register is also maintained, including dates when inspections and risk assessments and action taken, are carried out.

5. Regimental Museum & Memorial Garden

• a. Whilst the Museum continues to subscribe to and be part of the Winchester Military Museums’ group, it remains an independent body. Additionally, the Trustees continue to:

• (i) Provide education opportunities. Working with the Winchester Military Museum group, the Hampshire and Isle of Wight Military Museum Forum, Trustees offer a range of exhibits and demonstrations to encourage schools to visit. Visitor numbers were still down on pre-covid rates as tourists returned and people got back into the habit of going to public institutions; in 2023 they were around 6,000 which were approximately 1,000 up on the 2022 figure.

• (ii) Advertise widely and use our website to encourage visits of groups of all ages.

• (iii) Meet requests by local organisations to provide staff and Regimental experts to lecture on military and Regimental matters.

• (iv) Encourage esprit de corps amongst former members of the Regiment.

• b. Subscriptions via standing orders and donations for the Museum and the Memorial Garden in 2023 were:

• (i) Museum £11,700 and the Memorial Garden £1,500.

• (ii) Donations for the Museum £9,100; Memorial Garden £725.

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c. Trustees recognise the need to maintain the profile of the British Army in general and of the Royal Hampshire Regiment’s successors, the Princess of Wales’s Royal Regiment, in particular. To achieve this, they display a range of military publications and include a PWRR specific display.

d. Family Ancestor Research. The Museum maintains its complete archive, the contents of which are available to the general public. The number of paid for commissions from the public for assistance in researching ancestors connected with the Regiment has remained at around 25 per month, such is the interest that has been generated particularly by WW1 but increasingly WW2.

6. Memorial Garden

a. The Memorial Garden continues to be maintained as a place of tranquillity and is regularly visited through the year. Members of the public enjoy sitting on the benches, a sandwich lunch and time for reflection.

7. The Comrades’ Association

a. On account of the demographics of the body of the Comrades’ Association, there are now two very distinct groups of Comrades. The “Town Branches”, which had been formed at the end of WW2 and were sustained by the National Service generation are dwindling on account of age and morbidity and a number of the Branches have now closed. The “Younger Generation” of Comrades who tended to serve in the 1970s/80s and early 90s continue to hold their annual reunion in Portsmouth in March each year, this is continuing and up to 200 Comrades attend. Communication between the two groups is either via the Branch Secretary (for the older generation) and via social media (for the younger generation).

b. As well as fostering the esprit de corps of the Regiment, welfare grants are given to ex-soldiers and their families as necessary, if in need, hardship or distress. Grants given by the Hampshire and Isle of Wight Military Aid Fund continue to be ‘topped’ up by the Comrades’ Association Fund (for soldiers).

8. The Royal Hampshire Regiment Welfare Fund

a. Grants to soldiers continue to be given by ‘The Hampshire and Isle of Wight Military Aid Fund’ after a recommendation from SSAFA or the Royal British Legion. More than half of the grants in in 2023 were over £500, with many being at £1,000, but the overall number of grants remained at about 20. The cases were evenly spread between assistance for brown or white goods for home, mobility aids (eg hoists, electric scooters or beds and retraining.

b. No grant was made in 2023 to any former officer which in the past would have been made from the Princeps Bowden Smith Memorial Fund, before it merged with the Comrades’ Association in 2021.

Chairman of Trustees Colonel Simon Frere-Cook MBE

11[th] October 2024

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RFGISTERED CHAIUTY NUMBER: 246902 ortofth ustees and Unaudit Flna clal 'tateme e Year Ended for The Roval Ham shlre Re Fund ylment W Ifare Wheeler & Co Ltd Chartered Accountants The Shnibbery 14 Church Stred Whitchurch Hampshire RG28 7AB

The Ro 'al shi Fund iment Welfare Contents of the Winan 181 Statements ar I t Decem Page Report of the Trustees Independent ExYdmlner'$ Report Statement of Fln&ncl81 Actfvldej B21anee Sheet Not￿ to the Flnancial Statements 7 to 13 DetAlled Statement of Elnanelal Aetlvltles 14 to 15

The Ro 'al Ham shlre R Iment Welfare Fund ort of the I'rustees for thc Year Ended 31st December 2023 The trustees present their report with the financial statements of the charity for the year ended 3 1st D￿ernber 2023. The trustees have adopted lkne provisions of Accounting and Rcporting by Charities: Statement ot Recommended Practice applicable to charities preparing their accounts tn accordance with the Financial ReEx)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfivES AND AcThvrriES Objectlvcs and alms The objects ot the Welfare Fund are: l) To promote the efficiency of the successor Regiment (the Princess of Wales's Royal Regiment (PWRR)) by: i) Fostering esprit de corps among fonner members of the Royal Hampshire Regiment and forn)er and serving members of the PWRR and enabltng them to keep in touch with Regimental affairs and with one another. ii) Assisting fomier members of the Royal Hatnpshire Regiment and forn]er and serving membcrs of the PWRR to obtain suitsblc employment. 2). To relteve fotmer members of the Royal Hampshire Regiment or fomler and serviny members of the PWRR or their d¢pendani8, who are in n¢¢d, hardship or distress. The Trustees rn&y relieve persons in need by: a. Makirng grants of moncy to them. or b. Providing or paying for goods, services or facilities for them. or . Making grants of money to other person8 or bodie5 who provide ¥ood8, services or facilities to those in need. The objccts of the Hampshire & Isle of Wight Military Aid Fund are: l ). The relief of those members of the British Anny (whether regular, reservist, militia, yeomanry or volunteer) and their depcndent8 who are in need, hardship or distress and who a￿, or w¢r¢: i) Members or fonner members of any regiment ur corps raised in the County of Hampshire (and Isle of Wight). ii) Members or fornier members of The Princess of Wales's Royal Regiment who were residenl in the county of Hampshire (and Isle of Wight) al the time of enlisttnent. 2). The trustees may relieve person8 in need by: a. Making grants of money to them. or b. Providing or paying for goods, service¥ or facilities for them,. or . Making gryants of money to other persons or bodies who provide goods, services or facilities to those in need. SlgnifieAnt Actlvltles The linking of the Comrades, A&80ciation and the Ilampshire and 181e of Wight Military Aid Fund together with the procedure fur dealing with welfare cases has gone smoothly. Twenty-six welfare cases were considered by tnjstees of the Military Aid Fund, with grants totalling just shortof £12,000 being made to twenty-four and two being rej¢¢ted on account of the applicants being ineligible. These figures were similar to 2022. These figures are significantly reduced from the pre Covid number. On 31 Dec 23 Brig TAL Glass stood down ls Chaimian after 12 years handing over to Col SAC Frere-cook. Tim Glass will remain a T￿￿tee and will continue to head up the Finance sulFCommittee. Publlc beneflt In line with the Charity Commission's guidance the trustees have been made aware of the need for public benefit to be a crucial part of the decisions of the committee. The Irustees consider that this is achieved by grant payments and the maintenance of ￿¢￿eS as well as th¢ social invesiments detailed elsewhere. Page I

The Ro al Ham hlre Re Fund itnent Welfare rt of the Trustees for the Year Ended 31st December 2023 ORJECTIVES AND ACTIVITIES Social investments The fostering of Esprit de Corps amongst fonneT rnember5 of the Regiment is considered by the Trnstees to be a v¢ry important role of the Comrades, Association. Many of tbe fun¢tions including the Annual Reunion remain heavily subsidised. Grydnt maldng The v&st majority ofbenevoLence to foThner member8 of the Royal Hampshire Regiment 15 &dministered by the IlampshiTe and Isle of Wight Military Aid Fund (8 separnte and independent charity (No 202363). to which the Comradcs, Association contributes in most cases by up to 200/0 of th¥ grant. ACHIEVEMLNT ANA D PERFORMANCE Investment performance Inv¢sim¢nt fundts. continue to be managed by the Newton Growth & Income Fund for Charities. FINANCIAL REVIEW Rewrve5 poIIcy It is the policy of the trnst¢es to m&int&in sufficient capital within the Hampshire & Isle of Wight .MilIt￿ Aid Fund to provide income for bcnevolence at the 2004 level until the year 2050, at which point it is assumed that the need for benevolence will have reached a very low level due to lack of people who qualify for help according to the current Tules. As the number of claimunts falls, the fund will b¢ able lo accept a greatcr share of the burden thus reducing claimg on The Soldicr8' Charity (The Amiy Benevoleni Fund). SI'RUCTURE, GOVERNANCE AND MANAGEMEN'r Governlng document On 9th December 2021 the Harnpthir¢ & Isle of Wight Military Aid Fund became linked to the Royal Hampshirv Regiment Comradcs, Association, at whi¢h point the name was changcd to the Royal Hampshire Regiment Welfare Fund. The basic tenets of the Scheme have not changed frorn the governing document, dated April 2003. Rtsk management l. The Tn￿teeS have a duty to identify and rLVlCW the risks to which the charity is exposed and to ensure appropriate Controls are in place to provide reasonable assurance against fraud and crror. 2. Investments are Managed by BNY ellon who, with the Tru8tee5, will ensure that they Arc sutTiciently diverse. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 246902 Prlnelpal addre88 Serle's House Southgate Street Winchester Hampshire S023 9EG Page 2

The Ro al Ham Shlre Re Iment Welfare Year End Trustees Brig TAL Glass Brig DA Harrison MBE JP DL Col PA Davis CBE Col SAC FrereQook MBE Lt Col SJ Nye MBE Lt Col CF Warren Maj MF Pearce Capt J M Curtis MrCJary Ms AE Stone Cbairnian Resigned Oct 23 From Mar 23 Secretary Lt Col CA Bull¢id Independent Examlner Wheeler & Co Ltd Chartered Accountants The Shrubbery 14 Church Street Whitchurch Hamptihire RCJ28 7AB Approvcd by order of the board of trustees on . d signed on its behalf by: Cols Frere-Cook- Trustee Page 3

llld¢ endent Examiner's Re Tbe Ro 'al Ham shire Re Fund rt to the Trustees of ment Welfar¢ Independent eiaminer's report to the trustees of The Roy¥l Hampshire Regiment Welfare Fund I report to the charity t￿￿teeS on my ¢￿aInIn￿tiOn of the accounts of Th¢ Royal Hampshire Regiment Welfare Fund (the Trust) for the year ended 3 1st December 2023. Responsibilities and bAsis of report As the charity tn￿tr¢s of the Trusl you are responsible for the prq)aration of the accounts tn accordance Thith the requirements of the ch￿ltieS Act 2011 ('the Ace). I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the A¢t and in canying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examlner's statement I have completed my examination. I confirni that no material matters have come to my attention in comiection with the examination giving me causc to believe that in any material respect: accounting records were not kept in respect of the Trusl as required by Section 130 of the Act; or the accounts do not a¢¢ord with those records. or the accounts do not comply with the applicable rcquirements concerning the fom) and content of accounts sct out in the CharTties (Accounts and Reports) Rcgulalions 20011 other than any requirement that thc accounts give a true and fair view which is not a matter ¥on¥idered as part of an independent examination. I have no concerns and have come across no other m&tter8 in connection with the examination to which attentlon should be drawn in this report in order to c[￿ble 8 Proper understanding of the aLcounts to be reached. Kevin Wheeler FCA Wheeler & Co Ltd Chartcred Accountsnty The Shmbbery 14 Church Street Whitchurch Hampshire RG28 7AB Page 4

The Ro 'al Ham shire Re Fund iment Welfare Statement of Flnanclal Actlvltles for the Year Ellded 31st Deeember 2023 31.12.23 31.12.22 Hampshire & Isle of Wight Military Aid Fund Comrades, Asso¢ialion General Fund Total funds Totsl funds Notes INCOME thD ENDOWMENfs FROM DonAtions and legacies 1,252 620 1,872 4,741 Other trading activities Investment income 490 21.377 490 40.326 414 Total 23,119 41.393 EXPENDITURE O ChArltable octlvltlcs ChAritable grAnts and donations Comrades, activities In support of the regimental museum In support of the memorial garden 10,817 10,817 1.965 70,074 1,312 14,770 4,248 72,238 55 ,965 70,074 1,312 Other 46.549) 37.026 Total Net gainsl(losses) on investments 126.187) IYET INCOMEI(EXPENDITURE) 47,395 43,784 91,179 (128,924) RECONCILIATIOli OF FUNDS Total funds brought forward 888,752 802,8114 1,691,636 1,820,560 TOTAL FUNDS CARIUED FORWARD 936 147 846 668 1.782.815 1691636 The notes forn part of these financial slatements Page 5

The Roval Ham shlre R ylment Welfare Fund Balance Sheet 1st December 2023 31.12.23 31.12.22 Hampsbire & Isle of Wight Military Aid Fund Comrades, Association General Fund Tolal fi]nds Totsl funds Notc¥ FIXED ASSETS Tangible assets Investments io 2,300 916745 2,300 1717 616 2,300 1619 245 800 871 919,045 800,871 1,719,916 1,621.545 CURRENT ASSETS Debtors Cash at bank 12 11.762 11,762 14,362 18,797 45,797 64,594 72,548 CREDITORS Amounts falling due within one year 13 (1.695) (1,695) {2,457) NET CURRENT ASSETS 700C)I TOTAI., ASSETS LESS CbRRENT LIABILITIES 936,147 846,668 1,782,815 1,691,636 ,YET ASSETS 936 147 846 668 1782815 691636 FUNDS Unrestricted fimds: Comrades, As50ciation General Fund The Hampshire & Isle of Wight Military Aid 14 936,147 846,668 888,752 802,884 1782 815 1691636 TOTAL FUNDS 1.691,636 The financial statements were approved by the Board of Trustees and authorised for issue on ............... and were signed on its behalf by: SA Frere-Cook- Trustee The note5 forn] part of these ftnancial statements Page 6

The Ro al Ham hire Re Fund iment Welfare 'ote8 to the Flnancfial Statements for the Year Ended 31st December 2023 ACCOUIITING POLICIES Basls uf preparlng the fln&ncial statements The financial statements of thc charity. which is a public benefit entity undeT FRS 102. have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordan¢¢ with thc Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Ireland IFRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Lreland, and the Charities Act 2011, The fu￿nciaL Sta￿rnents have been prepared undeT the historical cost ¢onvention. with the exception of inv¢sttnents which are included at m8rket value, as modified by the revaluation of certain assets. Income All incorne is recognised in the Slatement of Financial Activities once the Charity has entitlement to thc funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities arc Tecosmised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendI￿re, it is probablc that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been claè>sified under headin8S that aggregate all cost relat¢d to the category. Where costs cannoi be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources, Graats offered Subject to conditions which have not been Met at the year-end date are noted as a eommitm¢nt but not a¢¢n￿d as cxpenditurc. AIIocAtlon and apportlonment of costs As confinned at the Trustees, Meeting on 26th June 2015, the charity incurs a charge of 75 /0 of the man&gement and administration costs of the rlmning the Regimental TNst. Tanglble fixed A88etJ Depreciation is provided at the foLluwing annual ra¢s in order to write off each ass¢t over its estimated usefijl life. Freehold property not provided Taxatlon The charity is exempt from tax on its charitabl¢ activities. Fund accountlng Unrestricted fimds cao be used in accoTdance with the charitsble objective5 at the discretion of the t￿stee8. Restricted fvnds can only be used for particular restricted purpose5 wÉthin the objects of the charity. Restrictions arise when 4)ecified by the donor or when fimds aff raised for particular restricted purposes. As agreed Rt the Trnstees, Meeting on 26th June 2015. the funds which for decades had been designated as restricted and unrestricted should be combined. The history of these fi￿dS dates back to just after the Second World Warwhen certain money had been donated for the benefit solely of those COn￿ad¢S who had beLm Pri80ners of War. It was agreed that as the number of Comrades still alive who fell into Ihis category was in single figures and this was the time to combine the funds. The cascs, for all comrades (those who had been prisoners of war and those who had not) are all dealt with the same. Hire purchase and leaglng eommltment8 Rentals paid under operating leales are charged to the Statement of Finan¢ial Activities on a straight-line basis over the period of the lease. Page 7 continued...

The Ro al Ham shlre Re Iment Welfare ancial Year End tatem Continu ACCOUNTING POLICIES - contAnued Pension costs and other posl-retlrement benefits The charity operates a defined contribution pension scheme, Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. DO.NATIONS AliD LEGACIES 31.12.23 31.12.22 Donations Grants Subscriptions 1,252 1,304 2,717 720 620 Grants received, included in the above, are as follows: 31.12.23 31.12.22 Royal E.lampshire Regiment Comrades Association OTHER TRADlliG ACTtVlTIES 31.12.23 31.12.22 Newsletter Wreaths 370 120 414 490 414 INVESTMETrIT INCOME 31.12.23 31.12.22 Dividends received Interest received 40.018 308 36,215 23 Page 8 continued...

The Ro al Ham shlre Re Iment Welfare Finan f r the Year En Aal tat continu CHARITABLE ACTIVITIES COSTS Grant funding of activities (see no Support costs (se¢ note 7) Direct Costs 6) Totals Charitable grants and donations Comradcs, activitie5 In support of the regimental museum In support of thc memorial garden 10,817 10,817 1,965 70,074 1,965 68,583 1,491 GRAIYTS PAYABLE 31.12.23 31.12.22 Charitable grants and donation$ The total grants paid to individuals during the year wali follows.. 31.12.23 31.12.22 Indii'iduals Ilants and Isle of Wight MAF Royal Hampshire Regiment Comrades, Association disbursed 10,817 8,153 2,717 SUPPORT COSTS Governance costs Management 'rotals Other resources expended In 8UPPOrt of the regimental museum (38,136) 491 1,110 (37,026) 491 Page 9 continued...

The Ro al Ham shire R iftnent Welfare Notes to the Flnancial Statements - contlnued for the Year Ended 31st Decembcr 2023 SUPPORT COSTS - continued Support costs, included in the above. are as follows: M4n*gement 31.12.23 31.12.22 support ofthe regimcntRI muscum Other resources expended Total activities Total activities Staff salaries Social security Equiprnent replacement Insurance Trav¢lling expcnscs Telephone 0￿1(e costs Sundries Cleaning Trustee meetin8 costs Trust costs allocation Less PWRR Lonlributiun 18,IXIO 18,000 25.5tKI 1,040 341 1,788 468 895 3,035 505 825 720 (80,OIM)) 235 235 1,105 2.993 124 955 943 (58,000) 1,105 2,816 177 124 955 943 (58.000) Governance colts 31.12.23 Other resources expended 31.12.22 Total activities Ikgal fees AccountanGy 1,607 TRLSTEESI REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 3 Isl December 2023 nor for the year ¢nd¢d 3 1st December 2022. TrusteeB' expenses There were no trnstees, expenses paid for the year ended 318tDe¢ember2023 noT for the year ended 3 1st December 2022. Page 10 continu¢d...

The ROVAI Ham shire Re Fund iment Welfare ntinued ember 2 Ended 31 t D STAFF COSTS The average monthly Dwnb¢r of ¢mploye¢s during the year was as follows: 31.12.23 31,12.22 Administration Museum No employees received emoluments in excess uf£60,1)00. io. TANC.IBLE FIXED ASSETS Freehold property COST At I st January 2023 and 3 Isi December 2023 NET BOOK VALUE Al 3 1st Dex¢mb¢r 2023 At 31 st December 2022 ii. FIXED ASSET IliVESTMENTS Unlisted investments MARKET VALUE At 1st January 2023 Addition5 Revalu&tions 1,619,245 2,738 At 3 1st December 2023 1717 616 NET BOOK VALLE At 315t December 2023 ,717,616 At 31 st December 2022 1619245 There were no investment assets outside the UIL Thc historic coqt of investsnents is £1,210,079; revaluation £507,537 (2022 - £412,804) P&gell continued...

The Ro al shlre Re Iment Welfare Fund ina cial Statements - contin for th Year En 12. DEBTORS: AMOUNTS FALLI￿G DUE WITHITI ONE YEAR 31.12.23 31.12.22 Intsr trnst balances Prepayments and accrued inc¢)rne 11,222 540 11,222 13. CREDITORS: AMOUI*TS FALLIliG DUE WITHIN ONE YEAR 31.12.23 31.12.22 Social security 8nd other taxes Accrued expenses 792 14. MOVEMENT 11 FUNDS N'et movement in funds At 31.12.23 At 1.1.23 Unrestrleted funds Comrades, Association tieneral Fund The Hamp8hire & Isle of Wtght Military Aid Fund 888,752 47,395 936,147 802 884 846 668 1691636 1782 815 TOTAL FiiNDS 1691.636 1782 815 Net movement in fi￿ds, included in the above are as follows.. Incorning resources Rcsources expended Gains E4nd losses Movement in fimds Unrestrlcted funds Comrades, Association General Fund Th¢ Hampshire & Isle of Wight Military Aid Fund 23,119 (26,802) 51,078 47,395 TOTAL FiiryDS 42,688 47 142) Page 12 continued...

The Ro al Ham Shire R Fund iment Welfare Finan for the Year End - continued 18t Dece I& MOVEMENT FUNIKS- contlnued Comp8ratAves for movement in funds Net movcment in funds At 31.12.22 At 1.1.22 Unrestrlcted funds Comrades, Association (ieneral Fund The Hampshire & Isle of Wight Military Aid Fund 948,973 (60,221) 888,752 871587 68,703) 1820 560 128.924 691636 TOTAL FUNDS 1820.560 128 924) 691636 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended G&ins and 105ses Movement in funds Unrejtrleted thnds omrades, Association Gcneral Fund The Hamp8hire & Isle of Wight Military Aid Fund 19,952 (12,364) (67,809) (60,221) 31766) 68 703) 126 187 128924 TOTAL FUNDS 44 130) 126 187) 128 924 IS. RELATED PARTY DISCLOSLUiES There were no relat¢d party transactions for the year ended 3 1st Dec¢mbeT 2023. Page 13

The Ro al Ham shire R Fund iment Welfare Detailed Statement f Finan vitie ber 2023 31.12.23 Unrestricted nds 31.12.22 Total funds INCOME th'D ENDOWMENTS DonAtlons and legacles Donations Grants Subscriptions 1.252 1,304 2,717 720 620 1,872 4,741 Other tradlng actlvltles Newtiletter Wreaths 370 120 414 490 414 Investment Income Dividends received Interest received 40,018 3013 36,215 23 Total Ineomlng reiour¢¢$ 42,688 41,393 EXPENDITURE Charltable actlvltiei Museum- wages Muscum - social security Pensions Annual Reunion Wreaths Subscriptions Comrades, Esprit de Corps Memorial repairs Museum - HCC service charges Museum - conservation Museum - volunteers, expenses Museum - IT support Garden - memorial bench Garden - maintenance Grants to individuals 60,406 51,178 626 820 1,678 470 ,373 1,100 1.000 7,500 714 861 4,121 996 275 544 540 2,500 420 3,721 1,252 60 55 82,677 86,266 Support eosts Management Staff salaries Carried forwatd 18.000 18,000 25,500 25.500 This page does not forni part of tlle st&tutory financial statements Pa¥e 14

The Roval Ham shire R nd iment Welfare ailed Sta in2 ded 31st D ctiwlties mber 2 31.12.23 Unrestricted funds 31.12.22 Total funds i anagement Brought forward Social Security Equipment replacement Insurance Travelling expenses Telephone Office costs Sundries Cleaning Trustee meeting costs Trnst costs allo¢ation Less PWRR Contribution 18,000 25,500 1,040 341 .788 468 895 3,035 505 825 720 (80,000) 235 1,105 2.993 124 955 943 (58,000) (36,645) {44,883) Governance Costs Legal fees Accountancy 1,607 110 Total resources expended Net Income This page does not forni part of the statutory f￿all¢la1 statements Page 15