REGISTERED CH.4 RITI, N, I'NI IIF. R.. 243487 Report of lh¢ Trustees and FinAnciBI StAtement for thc Year Ended 31 March 2024 for Th¢ Roi'al Tank Regiment Beiieiolent Fund
The Roj'al Tank RegTiinent Bcn¢voleni Fund Conients ol-the Financial Siaiemenis for ihe YLar F.ndcd 31 March 20?4 IndLPLndilll LAlnEr s KiPI)rt
The Ro9] T&nk Regimeni Bene¥oleni Fund
Rei)firi Df th¢ Trusttes
ror thL' V t#r Fndld 31 f1arch 2024
The Tru51ee5 preseni Iheir rewrt iyiih the finanLial 8laieiiient% of Ili¢ chariii. for ihe l'ear ended .1 l March ?0?4. The Truslees
Iiave (idupied IliL' pro isi011s ol. ALLLILiniin!7 dnd RtrpL)rtjn&l
charilits piepai'iiil their dccounis in (ILLurdance with the Fin<inci<il Reportin! Si<inddrd appliL<ible in the UK and Republic of
IrelaiiLI11--RS I O?) lel'teciii'e l Januar! ?0191.
OIUF.CTIVES AND ACTI,1T1ES
l)hjecti%'es and aims
I'o relieve ¢ithcr gienernlli or individiiall}. present or past members ol'the Ro}'al Tank R¢giini¢nt and tlieir iimincdiate
dep¢ndanis iiliLI are In need. hardsliip or distress.
To proiiioie Ihe efticienck oftlie RoN'dl Tank Rc¥Timellt through the education and iTaiiiinsT of 5er% tn¥y metnbcrs of th¢
The StrateRie% Emplo%¢d to Achiei e the Charill's Objeetll'¢5 #re:
d. Nliiinl£lili <1 IIiLJli public pri)file ol. Mork ul. Ihe R TR Ben¢i i)leiii Fiind bv publishin¥) noiices in ihe 'Tank' Journ<il and
Ihi'oug)h presentllIOn iu both ihe Regj iineiii aiid Associaiioii Meinbers.
b. ALI
The Roi'al Tgnk Regiment Benel'olent Fund Report of the Trustee5 for ihL I'L'#r Endid 31 .M#rch 2024 Fl%¥ANCIAL REVIEW Reseri'¢% polici ¢.xpendiiure. Thi5 provides sutficicnl fuiid% io cover InaiTraLJeineiii <ind admiiii51rdliun and support Losls. Uni't511-iLied liiniJ5 dre Iiiaintained dl Iliis lev¥1 Iliroulhoui ihe l'ear. Free reseri'es are £!8.1571?O) j'.£66.9661 calLylalcd bN' subiracting fixcd d5sei ini'isiniLni Irom Ljnresiricied I'iind5. FL TLIRF. PL.4.NS TIIL. ChLiriii li ill cnniinue to proi'ide iran($ of benevolence frorn an expected reasoncible income. The Tru51ees have made the deci%ion to change In¥e%iilleni proi iders from JM Finn lo CCI.A. the ii'ill take plaLe JulN.'ALIITUS1 ?0?4. STRLCTLRE. CON'ER%APiCE AYD MANACE1¥1E.N4T CJQl'¢rDing document TIIL Chai'iiK Lalled Ihe Ro! al Tank ReLTimeni BeneoleNt Fund is regTulat¢d scli¢nies ot the Chariti, Commissioners ddled 7 Scpieinber l 978. 4 DeLeinber 197) 1nd 18 Februan 1970 reSpeCtie]. as anieiided bi a tunh¢i' schein¢ dated 15 S¢ptemb¢r 1998 and 18 November ?00? Goi'ernin2 Duiuments Limiting Actii'ities J-here are no limilini7 activities in tlie Goi emin& Document. Reiruiimcnt atld appointnient ()f neil tru%tees -1 I'USl¥L5 are iippoini¢d bN Ili¢ii- l-ank (liid appuiniii)ent in the Roi al Tank Regyiineni. Th¢ prospectie -l-rusi¢es re¢eiv¢ a Coniinandani. Roi'al .1 ank ReLiiinent. Or2#nhs#liuTral slrllctltre l-lie Hoard ul-'I'riislees ddiminisler ihe Chl1.li.. The Budrd iii¢¢l unLV (l i ¢<tr ullicialli dnd iofver F'iiiance and Independent IiispeLiiun. AddiliLllldl nieetlllgT% al'e lTreld li Iieii neLe%5<11-i. -I'he R¢¥Tjii)enial SeLreiaTh Inai)agyes (he dal li) ddtr operaiion ol-lhe a. -l-IIL RI R 14LiiLiiilLni F'iind operates for servin¥ and eA-sLrvin¥ R'I'R InLinbcrs it. IhL} Should rcquirc assisiance. 'l-hi% also iiicludos thlir d¢pLndanis. b. I licrl is one liill-iiiiie paid niember ol. S11( Il.. l-he salan cosis ii'ere sliared ii'ith th¥ Koi'al Arniourcd Corps Memorial -1 rusi (until J l October ?0231 and the Royal Tank R¢!7itnent Colonel Commandanis Fund. The percenrages i¥ere lip 10 31 October (11 RAC'M I IO'/o. (21 R I R - 90° D hICh 15 1.iirtheT 5ub-diided.. liil R l R 14F' 8$0. li} l."roni l Nai'Liiiber 10?3 _ R TR IQOO/o There iierL n() rnaj()r ncii aciiviiic5 F-inancial Year ?0? j'74. The R TR BLncNolcnt l.'uiid coniinuid io prni'idc ben¥01¥(C dnd siipport lo inLT ld cx in(T Rl'R membcr8 and their immL'dialc dLpcndanis. proninring Ilie csprii dc corps and InilitaiTr' ettici¢ncJ of units and providing funds for educaiin IindL'fiTfiidLtale5. d. I'herL i%-ere no chaniic% iii rlic ChariiK'% pnlirics nr OTc7aiii%<ili()n in Ihe FinanL11< l Yedl ?0? .14 c. ThL Ch<2rilS is dependeni on tlie Mini%lrn ut. Dcl'enLe I'ur IhL l)roN ision ol. preinises and other IIAed a55et5 to enable it to cai'r%' oui lis objtCliLs. 11 1S L(?nsidLred tli£il the L()515 ol'ihese are noi sigwnilicani. Asseis are iailable nd adeqiicile in respcct ML'L'liTrS I'lll Trusle¢s nieel officiall!. once a !¢ar nomiallj tn N.ov¢mb¢r'D¢c¢inb¢r. PaLTe 2
I'he Rollll Tgnk Regiment Ileneiolent Fund
RL'purt of thi, Trllee$
for th¢ I'e%tr F.nded J l .Mld rf h 21)24
TRUCTURF.. GON'ERYA)CF .4Tr*D fvIAYAGEMEJT
Induction #n(J tr¥ining of Il¢M trustLC
New Tru51Lu% iiceiie a brieling pack from (he Regimenial Secreiary.. Thi5 bricfing pack coniains the followin!J docLiillenls'.
b. Annual Repori and Accniiiiis.
MLLtin¥ ProLedures.
d. TrusteLS' Report
Thei. will also aiiend an ()rtelllaiion se%sion ilih (he Colonel Commandani and the RcLJiillcntal %ccrctar)' prior 10 iheir Iirst Trustcc
Me¢1111!. Duriiit) this briefin, thei. ill b¢ niadl aware of iheir rolc aiid responsibilir%' c1S a TrusieL. the i-olL of Ihc Chariii. C'oinmission.
th¢ deLisioii InakiiiLT pfoLe5S <ind thi'll ii'ill be able 10 ask ank questions IhLi m£11 h
Report of the Trusltes for the Year Ended 31 March 2024 REFF.RF.NC-F. .4ND ADPllYIsTRATI'F DETAILS Ind¢pend¢nt F.xurn incr J A RILh£irdsnii l."C'A FCC'A DChA 3? Ali ard Ruad orsLI t411217NT Solicitor W'aiehain l)orsei BFIIO 4AN Ini'estment adi'i5er5 JM l.inn &. C-i) ?.5 Copihall Avenue l.ondon EC?R 7AH Trustce5 Nomince Compan JM Finn Non)inLLs Lid ?5 Copihall ALnuL Luiidoii EC?R 7AH BynkL'fs ?OU l.oii ler Ai'¢nue "<irnborouLbli GU14 7JP Approved order ol'ihe Board of Trustees on ai)d 5IITnLd on its b¢half b).: Trustee oth/ I rusiec -Irusiee Page 4
Indtpend¢nt F.i#mincr's RLpiTrrt t(> ihc Trustee% of Thc R(Trial TJnk R¢gimeiit Benei"olcnt Fund Independent examiner'5 report to the trustees of The Roial Tank RtgimeNt B¢Nevol¢nt Fund I report to IhL charitj. trustees on my examinaiion ol. the aLcount8 Df 'l"he Ro)'al I"ank Re¥iiment Bcnevolent l.'und Ithe Trusi) tor ihe year ended 3 I March 2024. Responsibilities and b85is of report A5 Ihc rhariiw Ir1151ee5 01. th¢ Trusi Jou are responsible for the preparaiion of the accounts in accordance wilh the requireinenls of ilie Chariiie5 ALI ?0 I I I'the Act,). I rcport in respect of Iny cxaminaiion of the Trust's account5 carried out undcr seclioti 145 of the Aci and in Laiiyingi out my exaiiiiiialion I have fvllom'ed all applicable Direciions biiven b) ihe Charity Commi55i0n und¢r 5ectioii 14515)Ibl of the Aci. Independtnt exalner's.%tateMent I have LOTnpleted my examination. I confirm that no matcrial matters have come io my attention in connection wsih the exajninaiion giving me cause io believe that in itny lliaterial respect.. accouniin&J recurds were not kepi in respect of lh¢ Trust as required b) section 130 of the Act; or ? the accounts do not accord wilh ihose records: or 3. thc accnunis do not comply wilh ihe applicable requirements eonterninb the foTlll and conteiii of accounis set out in ihe Charities (Accouiits aiid Reporisl Re¥Julaiions ?008 other than any requiremeni thai ihe accountg ¥ive a truc and lair view which is noi d matteT LonsidLrtd as part of an indcpendeni examination. I havc no conLL Tlis alld have come across no other illatlers in connection i*ith ihe exaininaiion io whiLh attention should i)¢ drawn in ihis report in order to en<iblt d proper understandinLT of the a¢¢ouiiis to be reached. Mi55 JA Richardson FCA FCCA DChA j? Aiiard Ruad Witiiboriie Dursei BI1?1 7NT Dat¢..
The Roi'al Tank Regiment Benelolent Fund tatenieni uf Finani tal .4clii ille% ror the I'exr F.thiltd 31 )larch 211Z4 ?0?4 l-01(Ll lunds Llnrestrictcd funds Resrricred flind fLind Notes INCOMF. AI)D ENDOW'.MF.IT% FR().M 5.$78 13.27) l.j3? 90.593 97.503 l.i)2 144.98 InvcEimLni incom¢ Total $4.3jfj 144.4_i4 1 f 9.938 FXPENI)ITLRF C)N lund 744 ChMritahlt actii itic GLIiLral Major Porter fund 141.547 141.547 114.760 77.364 Oiher Total j9.1?6 50.316 J5.91 ? il.690 ??6.188 4.49.) Nei !7djns.'Ilo%81 on Ine$(MentS 8().11.56 126.51f 21? 571 6Y9.178 F.T INCOMF. 2.14? 1 ?6. j)5 1 ?8.497 1765.4?81 Fund iransters 1?,7041 REC0.4¢.1LlATION OF FUNI)S Total funds hrnughi forward j.40.462 -S.U74.807 S.840.?35 TOTAL FUNI).%CARRIFD F()RM'ARD 3 ?45..?08 1.9.$7.996 5.203.304 5.074.807 l-he notes lorm part ol-the5e liiiancial staieinents Pagye 6
The Roi'#l Tank Regiment Bfnei'oleni Fund Balance Shttt 31 Ma rch 2024 ?02) Tnial fuiid Unresiricied funds Resiricied lund Total funds F¥oies FIXFi) ASSETS 3 ?17.151 .9i4,413 5.151.i64 5.008.648 F.XPF.NDITURE OY SIoLks Debtors Invesimenl Cash at bank -5.447 9.372 4.114 -f.447 13.878 5.1 j5 41.450 6.779 390 14.746 53.0(H 74.919 19.816 CREDITOR due ii'ithin one lear 11? 3701 11.8001 18.760) NET CLRRF.Tr4T AS%F.TS 28.157 23.-583 66.159 TC)TAI. Assf.TS LFSS CLRRF.YT LIAIIILITIF. j ?45.i08 1.957,gC?6 5,203,3114 S.074.807 iF.T AS%F.TS j.?4) i08 1.9 j7.C}96 j.?a3, j114 S.1174.807 Fuf441)5 3.?45.308 1,957.996 3 ?40.46? 1.834.-)45 K¢slricled tunds TOTAL FLI4D$ 5.103.i04 -5.074.807 The Iin(InLicil Slatcincn15 wcrc approied ihe F3oard of Trusices and authorised for issue on and w'eTL siÉJncd on ils bclialf bj.. TrusieL Triisiee Trustee The notes lorm parl ol. these financial slateineiiis Pagye 7
The RO#1 Tunk Regirnent Benel'olent Fund ote5 to the Financtal Staltmtnt5 for ihe Year Ended 31 f¥iarLh 2024 I,EGAL FORII 'I'he Rv)'(Il Tank Rebpiiiieni B¢iTrLI'uILni F'und is an unincorpL¥raivd Lh<irilN. r¥&Tl8lurcd Miih Ihe Charil), C'ninniission Inu. ?484871. le prinLIP4tI 41ddres5 cun bi lound on pable J ol. Ihese finanLldl siaiLiiienis. AcCOuTING POLICIES Basis of preparing thl. financial 5tatenient5 'lii' linaiiLial stdlgni¢iit% of the Lliariii. ii.hiLII is (1 public benelit ¢niill' und¢'r FR8 1 O? hai'e been prep1( red in accoi'dance lili IliL Cliarilies %()RP IFRS 10?) 'AccouniiiiiY and Rcportin¥ hi. ('hariiiL%.' SiaiL'niLni ol. Rec()Inmciidcd Pracii¢¢ appliLdblv Llidrilies prLparitig their dLLounis in (ILLordanLe IN illl IliL l. iiiancial Rcponiiit %iandard appliciiblL in Ilie IJK ai?d RLPLiblii uf Ir¢141nd 11.RS I O?) lell¢¢iiv¢ l Januail, 70191,. FindnLial RLpunii)£i SiaiidLird 10? 'The FinanLial RtpuniiiLI StandarJ appliL<ible in ihe L K and Rf piiblic of Iielaiid. and (lie Charities ALI 101 I. TIIL fingiicial siaiemenis hdNe been piepaied und¢i- the liislorical cosi coiii'eiiiioii. %i'itli ilie excepiion ol. inNtr51ments w'hich are included ai markLt Inconie .411 iiicnine is rects¥Tnised in the Staieineni of Financial AillVltie5 once the charil}' has enlitleinenl lo ilie lunds. li is probable thai the inLoIKe w'ill be receied and ihe amL)uni can be niedsured reliablN. l)onations Dondiion5 arc accounied for ii'hen rhe incomc 1% rc¢¢ived. Leg4Ci¢S LeiJaLlis are incliided wiihiii Ihc financial siaiemenis hLn the conditions for rc¢¢ipi hav¢ been mer. (I ranls f¢L¢lI'Hble (Jr<in15 1'LLLiI i11111 are accouiiied lor on an accruals basis Inve%tTnciit income I'hL' L'h1< riiN'% ini e%imen15 lre nianaLycd bi appoiiiied fiind InanaLJers. Investiiienl inci)ni¢ is reiniiied io the Chariis, by ihe lund manaLycTS quanerlj in arrear5. All ineslnient5 are measur¢d ai niarkei value. ExpLnditure Li<ibiliiii% arL reco&nised e¥pciiditurc soon cls IherL' 1% a legal or con5trLlCtiN'c obli£aiion coiiiiniiiin!T the charili, lo IhJi elpenditure. il I probablL Ihc21 Ifcln%f¢r of econoniic beiTrefii% will be rcqiiired in settlement dnd Ilie ainouiii ol-llie obliL7aiioii can be Intc25ured rclil< bli. I:Np¢ndirure i% accouiiied lor on n accrLia15 basis lid ha% b¥cn classilied under heiidinLJs thai 8gtrg?regyaie all c051 related to rhc ¢aieLtori. Il'here costs cannot be directly artribulld 10 partlLuI(Ir heddingjs Ihe> hae bcen alloeaied io aclii'ili¢% on a basis consisTeni ith the use ot re50urccs. (tMn15 off¢rcd subjeci to conditions M"hich have nor been mei ai the vear end date arc noied as a con)mitinenl but iioi accruLd as e¥pendilure. tocks %IoLks are valu¢d al rhe I0er ofcosi and nei realisabl¢ i'alu¢. atiir InakingF due allo15.1n¢t for obsolete and slo¥¥ movinb Tdtill Thl ilidriii is eiempi Iroim lax on ils chariiable aciiviiies. Fiind accounting I IiirL'siriLILd liiiid% can be used iii £iccordance lili ihe chariiable i)bjeLtiies al rhe discretion of tlie Irustee5. Desi¥iiiaicd lunds art aniounis w'liich liave been pui aside ai ihe dis¢reiion of ihe Trusiees ftsr a particular purNse. PagFe 8
The Roi#l Txnk Regiment Benelolent Fund Not¢$ tn the Financial Statcrnents - continued lor the l'ear FndL,d 31 March 21124 ACC()I'.NTIYG I)()LIC IES. continued Fund acctsllnting RLsiricied ILlI)ds Ldli onll. be used for particular re51ricted purposes ii'iihin (he objecis of the eh<1r]t. Rcsiriciions arise k¥hen 5p¥¢ilILd b> (he donor or iwli¢n funds arc rais¥d for patTicular restricted purp05e5. Furth¥r elplanaiion of the naiure and purpose ofeach fund is included in th¢ noi¢% io Ihc financial staiemeni5. Pension Lts5ts and other post-retirement bcntfits 'I'IIL' ¢liJrili 01)¢raiLs a dL'IIiiL,d ci)iiiribuliiin pei15i01I scheme. Contributions pa}able io ilic cliariiy's pension schemc are cliarLyLd io rlie Siatemei)i of financial Actii'iii¢s in the pcriod to Ih1Ch (hei relate. Cash #t bank and in Iiand Cash dl bank aiid iii hand inLludL5 cash and %hon ieriii liigjlili liquid inwesinienis %) ith a short mariiriiN ot-rhreL Inonihs or less froni the date of dLqLll%lliUli oi. openiiig) ol- Ihe deposii or similar acci)Iini. Shnn Icm Iii&hl>' liquid invesinieiiis lili a Inaiurili. d<llC of longTer than Ihree monihs are held as current asset investrnenis. Debtors D¢biors are reLoiJni5ed ai Ihe seitlemeni amouni due. Cre(litor Crcdirors <ire recoiTnis¥d Ki h¢rL the chariri has a preseni obli¥¥dtiuii rcsuliiiiLb froni a pasi eveni Ilial ivill prubdblN resulr in rhe transler nt. tunds to a Iliird part). and th¢ <iniouiil due lo settle tliL' obligyaiion can be mei15ured or L%iiiiiaiLLI reliablv. Crediiors are reeolrnised at tlieir settlement aimouni. DI)NATIONS AND LFGACIES 2024 21)23 l)on¢11ions Lei7l£CI¢S -S..$78 5.000 o'rHF.R TR.4DIN'G ACTIVITIF.S 2024 2023 Charitable Iradin INVESTMENT INCO.ME 2024 2023 Ine$(ment ine()me 144.000 9?8 144.096 j58 144.9?8 144.454 Invgslin¢nl inconie in Ihe Near toldlled £144.000. The roial cash iihdraiwn from the portfolio inio ihe chariN cuenT accouni in the Near was £144.000. oniinued. Pa£T¢ 9
Tho Rni'al Tank Regiment Bene%olent Fund otes to the Fin¥ncial.St&tements- continued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIF.S COSTS Cjrdnl Support o%t8 (see nnic 91 Direci Cosis (see note 71 (see n()le 81 Torals Cjeiieral Major Poirer Fund ?.404 90,698 41,50.) 48.441 141.547 4.3..3Q.S ?.404 137.203 1 $4,81• DIRFCT COSTS OF CHARITABLE ACTII'ITIE.S 2024 2023 Headsiones. ii"reaihs. flowers and drapes l."icld% of Reinembrdnce 50 77D 1.584 93? ??1 4.Si 1.606 GRANTS I)AI'AIILF. 21124 21123 tieneral Major Poiter Fund 90.698 137 ?03 1.$4.i87 'rhe total giranis paid lo inslilulion5 durin! the i'eaT was as follows.. 2024 202J 5.000 ?.000 4.000 3.000 5.onii C oloii¢l Cvniii1(tnLldnls Fiind Icainbi'ail 4.000 3.000 ColonLI Coinn)aiidanis l.und IEi'entsl "I"hL J"ank Museui KTR Goll'societv Oiher 350 18.i48 j?.698 Tlie ioial bTran15 P£iid to indii idyal% during Ihe jear Ia5 as follows.. 2024 21123 Granis of benevolLnce 60.i40 i79 5.949 il.489 l.i48 48,81.3 573 Chrisiiiiils hilPerS Oihgr iyr<ini Abor¢turn 79.514 99.SO_f 137.037 Page 10 coniinuLd.....
The Roi'al Tank Re£iment Benci"olent Fund ote5 tv the Finallcial Statements- contined for the Yedr F.nded 31 March 2024 RANTS PA Y AIILF - continued Oilier ¥rants paid troni r¢sli'i¢r¢d t'und5 rcpreseiit grant% pasable in respeci of (he Major Pouer lund. UPP()RT COSTS Mana¥Temeni Other Tvtdls Geiieral Major Poiier Fund 46.545 1,900 i.soo i.7011 48.44.5 S{1.145 -1 lie lund operate5 a defined coiitribuiion scli¢nie in respeci of stall. peiisions. All suppoit costs Iiave been allocated on an actLial bas1S. Support costs, included in the above. are as follo5.. M#n#gemenl 2024 2023 jiir P()tier Fund G¢neral dnd Sial'f Bonuses 1.6ii 979 597 1.487 OIIiLe expenses. iiisuraiice. bonus 979 597 4.58 Pus[7¢ Br()ii(il?and Sundi'i¢s CoTllPUtLr cosis REIQ travel 50i 8i8 17.988 688 50) 8i8 12.988 688 -578 1.6.56 -544 46.545 46.545 l)ther 2024 2023 Majnr Porrcr P"und Ttst<il Gencral Indepcnd¢ni Examination fees Accoiinlanc) 1.900 1.800 3,700 3.700 734 coniinued..... Pagie I I
Tht Ro!'#l T¥nk Regiment Benel'olent Fund Note5 tu the Fin#n¢i#l Stai¢mi'nt5- Lvntinue fur the I'¢ar Ended J I Ilarch 2024 10. TRUSTEES. REMLJ'NERATION AND BFNEFITS 'riiere w¢ie no trustees, reniuneraiiLin or other beneliis lor the lear ended i l MarLh JO?4 nor Ivr the vear ended 31 larch ?())-,. Trustee5' expenses There w'ere no tnistc¢s' ¢xpcn8c% paid for th¢ J'¢ar ended i l March ?0?4 nor for the !'ec1r ended i l Mi£ rch ?0?3. STAFF COSTS 2024 2023 W'ages and siatTbonuses 2S.921 Oth¢r pcn%ion cosis 1.633 1.486 ?7.407 Th¥ c1veT1c lye Inoiiihlv iiutiiber ol'emploi'ees dLirinLy the Nei1r was (15 lollow's.. 2024 2023 No eniploi'ees receiied emoluments in excess of £60.000. C.'ONIPARATIVF-S FOR'fHV %TATEty1EN"TOF FI%4ANCIAL AC'TIWITIF.S { Inresiricted Re%tricied tund Toic11 funds INCOME AND EYDOII"'MF.NT% FROM D()naiions and Iciyacics 13.273 l i,27i Oiher Iradinii acti1t1¢S Investmeiii incnmc 911,278 144.4fj4 Tntal 105.76? 54.176 159.938 F.XPENDITLRE O 2.)74 2.374 Charitable acttiities CJLIILral laj()r l)oiier fund Oilicr 114.760 77.364 77..3(14 31.6YO 19.878 Tot#1 137.01? 89.176 ?*6.188 Net Liains on ineStmentS 4.54.3141 ?44.864 699.178 NF.T lTrqCOME 48$ 5641 ?79.864 764.4!8 ionlinued.
The Roi al Tank R¢gimenl Beneioleni Fund Yotes to ilie FinanciAI 4tatenieiits- conlinul'd for the I'¢ar Ended 31 fvl#rch 2024 COIqPARATIVES FOR THE 8TATEMF.NT OF FINANCIAL ACTIVITIES-continued nr¢siri¢ted Resii'icied lui)d5 RF.COTr4CI LIATI()I OF FI, NI) Tolal fund5 brought foriiard 3.716.44? 2.1 ?3.79J 5.840.235 TOTAL FLINDS CARRIF.D FORIVARD 3 ?40.46? 1.8i4.i45 5.074,8D7 'h¢ Siaieiiient of FinanLial .4Cli iiies sliow5 tlie splii b) fllnd for the current Near onli. The equii'alent fund split for the cotnparaiive year ended i l MarLh ?023 is as Set out in this noie. 13. FIXF.D ASSF.T INVESTMENTS .isied investmenis MARKET W'.4LUF. S IIQX.(148 448.()6C) l.i)¥.7?51 ??3.07? Addiiii)n I)]8)$al% Revaliic11ion Ai ) l MarLh ?074 5.1.51.564 NF.T IIC)()K VALLI F Ar i l March ?11?4 5.1.$1.-f64 Al i l March ?0?3 -S.008.648 There iier¢ no iiivesiineni asseis Oulside the UK. In addition to the ainoun15 hLld fixed asset ini'estinenis for shares ol- £5.1 q1.564 there w'as ali amouni held in curi'eiii casli acLoullis of £iO.781 under casli dl bank and in Iiand and £nil held as accru¢d interest. Toral T()CKS 2024 2023 AccouirL'ment stock 5.447 6.779 coniiiiued.
The Rnial Tank Regtinenl Benevolent Fund Note5 to the FinMnci#l %t#tetnenis- continued fur the I'eAr Ended 31 March 2024 DEIITORS: AIIOU.NTS FALLIN'G DUE II'ITHIIY O.YE YEAR 2024 2023 Suiidrk d¢biurs PrepaNn)eiits -390 1.878 li.878 390 CURRF.YT AS%F.T INVESTMENT 2024 2023 35 das Liqiiidilv accollnl 5.135 14.746 CREDITOR%.. AMOLNTS FALLING DUE WITHlTr4 ONE YEAR 21124 2023 Accrued e.Ipense5 14.170 X.760 18. MUWF.MENTS" ITr4 FL TriD Nil moiLmLni "I'ransfers beiwe¢n fund5 Al 31. j.?4 'nre5tricted funds 3 ?40.46? 2.142 3.•45.308 Restricted funds Major Poit¢i' fuiid 1.8i4.J45 1.957.996 TOTAL FL.NDS 5,074.807 1 !8.497 5.?Oi.304 Nel niovcmcnt in lunds. included the above are as follows.. Incomin Tc%oufcL% RLsoufLes expecied Gaiii% and IossLS Unrestricted funds (ienerdl liind 86.506 2.14? RL'slricted fuiid Mlijur l)OllLr luiid (54,4951 1?6.51.5 1 ?6.355 T()TAL FIINDS 151.838 ?3.5,91 ? 1 ?8.497 Pa¥Te 14 coniinued.
The Tank Regimeni Bcnei'olent Fund Notes to the Finatjcial %tatements- continued for the Wear F.iJded 31 March 2024 18. MOVEMETr*'TS IN FUP41)S- continiied Compdrative funds Inoveinen15 are as follow5.' Nei In0CIDent in lunds Transfers beTeen lunds At Unrestricted funds Geii¢idl lund Coniputer tund 3.716.44? (485.5641 9.584 J.?411.46? j.716.44? 1485.564) 9.584 J ?40.46? Restricted funds lajor PoitLr lund 2.1 ? j.79j (27Y.8641 {9.5841 1.8i4.345 5.540.235 176S.4281 5.074.807 TOTAL FUNDS Coinparaiive nei movemeni in I'unds. inLluded in Ihe above are as lollow5'. Incoining resuurLe5 Resoiirces CXPL'Cl¥d Gain5 £ind losses MovciiiLni in funds UnrL'51ricted funds 105.76? (li7,0191 1454.3141 148.S.-$641 R(trIcted fund$ Maj()r Potter tiind 54.176 189.1761 1•44.8641 1?79.8641 TOTAL FUND4 159.9i8 ??6.188 699.178 76.fj.4?8 Cjcniral iinre%iricied flind5 represent funds which are cKpendable ai (he discretion of Ihe 'fTU5tees in the tunherance of ihe objec15 uf the Chariti,. r)esiLTndltd funds ieprLseni wnounis 1% Iiich have been pui aside ai the discretion of the Tru%tees and comprise a fuiid lor (he piirLliase ot'coinpui¥r Lquipineni. RislriLied lunds r¥presenl'. 11.gi7.996 iii r¢speLI ()f a legiacl receii'ed from the Esiaie of Mrs RE Poiier. w'hich ivas origiinalls bequeathed io Ihl cliariiv b) lier11 le liu%band. Majoi. Herberi Leslie Poiier. Purpose ul'111e lund is lo piy)iiiote Ihe enicienc) ofthL Rolal Tank R¢¥¥inieni IlirouLili Ili¢ educaiioii wid traiiiiiig ol'serviii&J n)¢iMber5 01-Ihe ReLJiiiieiii, 19. RFLATF.I) I)ARTY DISC'LOSURES I rLlSlCCS. Maieri?¢ I Ir<illSciciiolls con5isicd ot. a £4.DUO L112ni l?U?3 £4.0001 p(iiLI lu lh¢ Rv) <111 ank R¥,'iiii¢ni PiiL)licaiions in (he r and the pai.1¢nI nt'gJrani% ioialling £?O.000 I?0?3 £20.0001 to th¢ Colonel Comniandiinis l.und ICL Fl and a gritnt ol-£Nil 1202i'.£ 1.0001 rcc¢iv¢d Iroiii LL F.