# **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. 

1 



## **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. 

2 



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 

3 



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