REGISTERED CHARITY NUMBER: 248487 Report of tbe Trustees and Finan¢l41 St•t¢ments for the YeAr Ended 31 Mgreh 2025 for Tbf Royal Tank Regime#t Benevolent Fund
The Royal Tth( Regiment Benevoleni Fund Contenis of the Financial Statement5 for the Year Ended 3 1 M8T¢h 2025 PA8e Report of the Tnjstees Indep¢ndent Exgmin¢r's R¢port Statemeni of Finanoial Activitie5 Balan¢¢ Sheet Notes io th¢ Financial Stsrements
Tht Royal Tank R¢glm¢nt Btnevol¢b¢ Fund Report of th¢ Trustee5 for ihe Year Endtd 31 Imarch 2025 The Trus¢¢¢$ present thcii r¢port Wlth the finan¢ial statcrntnts of the ¢harity for the y¢ar ended 31 MaTch 2025. The TNstee5 haw¢ adopted the provisions of Accounting and Reportsng by Chariiies.. Statement of R¢¢ommended PrdCti¢e applicable to charitie5 preparing their accounts in accordance with the Financial Rewrtin¥ Standard applicable in the UK and Republic of Ireland (FRS 1021 (effertive l J&nu8ry 2019). OWECTIVES AND ACTIvrtlES Objtctlves and 4irn5 To relieve either generally or individuajly, pregeni or p&st rnembers of the Royal Tank Rewmeni and th¢ir immojiate dqKndants who arc in nee¢L hardship or distress. To promote th¢ efficiency of the Roy4] Tank Regiment through th¢ ¢duca(ioTh and trainan8 of 5¢rving m¢mb¢rs of the R¢gim¢nt. The StrAte8ie5 Ernplo}'ed to Achleve tht Charity's ObjeetiVU are: Mainthin a high public profile of work of the RTR Benevolent Fund by publishÉng notices in the Tank, Journal ond through presentstion to both ihe Regiment and Association Member5. b. Act as a fo¢al point for all welf8re 88encies such as SSAFA and RBL. . Provide a siw¢ture whereby donation giving is convenieni and accepted. d. Promoie th¢ Chority within Social Media and also the Royal Tank R¢gtment Wcbsile and the RTR App. The main sources of income for the RTR Ben¢vgleni Fund come from. domaiions from iTKlividuals, legacies and in¥esun¢nt incom¢. Public benefit The TNstee5 confimi that they have complied with the duty in section 17(5) of the 2011 Charities Act to have du¢ r¢8ard to the guidance contained in the Charity Commission'g general guidance on public benefii when reviewing the TTU5t's aim5 and obj¢ctive5. AC.'HlbW.EmET AIYD PERFORMANCE Charitable aetlvities E4. The Charity continues to support claims gf benevolence across a wide range oraTe. b. To adtninister and distribute income from lega¢i¢s sct aside in a r¢5tri¢t¢d fund for a particular purpos¢. The market value of lh¢ investment portfolio was £5,131.966 {2024.. £5.182,345). This figur¢ includes cash held by CCLA. FIP4ANCIAL REVIEW Fin8nti&l posltlo The financial p051tiort of the Charity at the bal4Thc¢ sheet date was secure. The assets of th¢ Charity are held for the generation of further income. They consist prirtcipa]ly of investment5 which are shown in the accounts at market value. Trustees. Power of IDv¢stm¢nts I l) The Royal Tank Regimeni Benevolent Fund investment funds form a port ofthe Royal Tank R¢girn¢rtt Common Invesuneni Fund. The Trustees of the ROY T8nk Regiment oversee and control this investmenr as pan of the common filnd. (21 Th¢ Tru5teeg have the p)wer to app)int a wrporate body &$ the Ttee5. Nominee to hold the inv¢stm¢nts for th¢ Chariry. The Tru51ees hlve rnadc CCLA LLmit¢d the Tn]stee's N'ominee. (31 Thc investment objec(ive5 agreed for the Royal rank R¢gim¢ni B¢nevol¢nL Fund provide the Trustee's Nominee, CCLA Ltrniicd. witli di5Gr¢tionary power5 of investment within the following objectiY¢$, parwn¢t¢r5 and guidttxt¢: (a) Annual Drawdown is ai £156,000 for The Royal Tank Regim¢nt Benevolent Fund. Ib) Growth Target.. CPI + 40/0. (c) Level of Risk.. The portfolio is held in a combination of medium risk and low risk invesmients. (dl Payment of investment income is monthly on a total Teiurns basis. Page I
The Royal Tank ReEiment B¢ttevol¢nt Fund Report of the Trusie for the Ye4r Ended 31 March 2025 FI%'ANCIAL REVIEW Reserves policy It is the poli¢> of the Charity io mgintain unre$tri¢ted fvnds at a level which equal¢ to approximately 12 months unrestricted eXndIture. This provides suffiEi¢nt funds to cover mana8¢m¢nt and administration and support Costs. Unrestricted funds ve mainthin¢d ai this level throughoui th¢ year. Frtt reserves are £228,985 {2024: £ 28.1571 calculated by subtra¢tin8 fixed 4ssd investment from unrestricted fund5. FUTURE PLANS The Charity will continu¢ to prowide grants of b¢DtrIence from an ¢xpKted reAsonable in¢om¢. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing doeMm¢Dt The Charity ¢alled ihe Royal Tank Regiment Benevolent Fund is regulated by schemes of the ChaTiry Commissioners datrd 7 September 1978, 4 December 1973 and 18 F¢bwary 1970 respectively. as amended by a further scheme datcd 15 September 1998 and 18 November 2002. Governlng Doeument$ Llmitin¥ ActlVLtie5 There are no limitin8 activities in th¢ Governing Document. Rtcruitment 8Dd sppolntment of new trystees I'rustees aT¢ appointed by their rnnk and Appoinrrnent in the Royal Tonk Regiment. The prospective TNstees receive briefing pack from the Regimental S¢cr¢tary and are inducted on th¢ir first meeting by the Chairman of the Trustee& Colonel Commandant. Royal Tank Regiment. 0ry8ni5ational strnclure The Board of Tru5teC5 adminiskr th¢ Charity. The Board me¢t onee a year officially and cover Finance 8nd Independent Inspection. Additional meetin8s are held when necessary. Th¢ R¢giment&l Secretary manages the da) to day operation of the Charity. To facilitate ¢tTi¢i¢nt mana8ement of the Organisati(Fn the Regimental SeeTetsry has del¢gai¢d authority, withi limits s¢t by the Trustees. for matters includin8 fjnartce, publi¢ relations and employmertt. a. The RTR Benevolent Fund operat¢s for servin8 and ex-serving RTR mnber$ if they should require as5isthnce. Thi5 also includes their dependanis. b. There 15 one fijll-time paid mernber of stsff. The salary cosis are shared with the Royal Tank Regiment Colonel Commandants Fund. The P¢T¢¢nts8e 4)it'. (i) RTR CCF 150/0 lii) RTR BF 850/0 There were no major new 4rtiviti¢$ in Finèncial Year 2024125. The RTR Iknevoleni Fund continued to provide benevolence and support to servin8 and ex Serving RTR members and their imm¢Jia* dependanls. promoting the esprit de ¢orps And military efficiency of unit5 and providing fimds for edu¢aiing undergraduAtes. d. There were no Changes in the Clwity'5 policies or Organisation in the FiDan¢ial ye 2024125 The C.hariry is d¢pendeni on th¢ Ministy of Defence for th¢ provision of prcmiscs and other fixed assets to enable it to carry out its objectives. It is wnsider¢d that the costs of these are not significanL Ass¢ts are available and adeqte in respect of all fullds of the Chariry to enable it to fulfil its obligations. Meetings The Trusiees meth offJ¢ially onc¢ a year nornially in Novernb¢rlD¢Mb¢r. Page 2
The Royal Tank Regimeni Benevoltnt Fund Report of the Trustees for ihe Year Ended 31 March 2025 STRLICTURE. GOVERNANCE AIYD MNAGEMENT Induction tralnlDg of new trusiees New Trusiees receive a briefing pack from the Re8imenTrl Secretary. This bTi¢fLNg pttck contsins the following documents- Charity Commission Guidelines for Trustees. b. Annual R¢port and Acwunts. ¢. Meerin8 Proeedures. d. TnJs¢ees' Report Th¢y will 8150 attend an orientalson session with the Colonel C.ommandani ond the Re8im£ntal Se¢ret8r>' prior to their Trustee MeIng. Durin¥ this briefing ih¢y will be made aware of their rolc and responsibility as a Trusiee, th¢ role of the Choriry Commission, the decision making process and then will be able to ask any questions they may have from the docutn¢niation which has been provided to them. During the orientation session they will be given the opportunity to meet m¢mber5 of staff and the oth¢r Tn]stecs. All Trustces arc made aware of eMernd training evenis and are encouraged to attend. Connected Ch4rltles I l ) Roy81 Tank Re8irnertt Asso¢iÈiion. 12) RTR Colonel Commandants Fund. 131 Royal Tk Ei¢gim¢ni Publications. (4} The Jam¢5 D¢WhU Trusi. All the above are subject to eommon control of the Trustees. Risk m8n&gement The Tnjstees actively review the major risks which the Charity faces on a regular basis and believe thot maintaining reserves ai urrent l¢ve15. ¢ombined with an annual review of the controls over key financia] systems. will provide sutTicient resources in the event of adverse conditions. The Tru5tee5 have also examind other opeiaiional and busirte$s risks fa¢¢d by the Charity and confirni that they have estAblished systerns to Mitile the stgnificani risks. REFERENCE AYD ADMINISTK4TIVE DETAILS R¢gistered Charitv numb¢r 248487 PrlDclp818ddres8 The Royal Tank Regiment HHQ RTR Stanl¢v Barrdcks Bovington Wareham Dorset BH20 6JB Trnstees Colonel Commandant Royal Tank Regiment- Brig G J Thompson Duty Colort¢l Commandant. Brig S A Ridgway OBE Trustee- Bri8 (RdI IN J Cowey MBE Commanding OlCer RTR - Lt Col M N H Luson The Trust¢¢s ar¢ knowil as the Regimental Council. The address tsf all Trustees 1$ via the R¢gim¢nts] SL*rei8ry.
Report of the Trustees for the Year ENd¢d 31 MArch 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independeni Examiner Miss J A Richardson FCA FCCA DChA 32 Aword Road Wimbom¢ Dorset BH21 Solicitors HLEmphric5 Kirk Wareham Dorse( BH20 4AN Investment advR5eT5 CCLA One Angel Lane London EC4R 3AB Trustees Nomlnee Company CCLA One Angel L8n¢ London EC4R3AB Bsnker4 Holts Military Bank 200 Fowler Avenue Famborou8h Hampshire GU147JP Appmed by ord¢r of the Board of Trustees on 2.1....No/......?.¢..s- and sisned on its behalf by: Trustee Trnsiee ..........R.Io.AW.A7 TTUS¢ee Page 4
lttdtptttdettt Exgminer's Report to the Trnst¢¢$ of The Roy#l Tnk Re%iment Benevoletst Fund Independent esthlD¢r'$ report to the trnJtees of Th¢ Royal Tank Regirnent Benevolent FuTrd I report to the charity trustee5 1)n my examinwion of the aGcounts of Thr Royal Tattk Rcgimcnt B¢nevolcM Fwid {the Trust) for the year ¢llded 31 March 2025. Responslbllltles and b*yls of rert As the charity ttiistees of the Trust you are responsible for the preparation of the accounts in accord8nce with the requw¢ffl¢nts of th¢ Charitics Act 2011 ('th¢ A¢t'). I report in respecl of my ¢xamination ofthe Trust's a¢counts carried out under se¢tion 145 of the Act and in CaTryin8 Out my examination I have followed all applicable Directions given by the Charity Commission und¢r section 145(5)(b) of the Act. Independent exAminer'$ 5tatrm¢nl Since YOUT charity's gross income exceeded £250.000 your examiner mus( be a member of o li5trd body. I can cotkfimi that I am qualified to undertake the examination bec4use l am a registered mernber of ICAEW which 15 one of the lied tK)dies. I have compleied my examinaiion. I cottfirn1 that no matrri41 matters have come to my ottention in co[(10n with th¢ examination 8LVITE8 me cause to believe that in any miterial respect.. 8¢¢011ntin8 records were not kept in respect of the Trnsi as required ty 5¢ction 130of the A¢L or 2. the accounts do not a¢cord with those re¢ord$; c¢ 3. the accounts do nol Comply with the applicable requirements con¢¢rning thc form and content of accounts set out irt the Chwities {A¢¢ountS And Reports) Re8ulatKons 2008 other that) any requirement that the 8ecounts give a true and fair vi¢w which is not a matter considered &s part of an independent examin8ti¢)n. I h2ve no concerns and have ¢ome across no oiher roatters in connection with the examinotion to which attention should b¢ drawEI in thi5 report in ordeT to enable a proper under51anding of thc accounts to bc r¢arbed. Miss JA Richardson FCA FCCA Dch 32 Award Road Wimbome BH21 7NT Dai¢.. Page 5
The Royal T&ttk Rtglm¢nt Benevolent Fuud Statement of FIan[la1 AttivititS for th¢ Ye9r Ended 31 March 2025 2025 Total funds 2024 Tota] funds Unrestriaed funds Restri¢wl fund Notes INCOME AND ENDOWMEYTS FROM Donations and le8acies 305.425 305,425 5.578 Other charitabl¢ activiti¢$ Inve5tmeni income Tot91 171,082 171,082 147.151 623,658 1,332 144.928 151.838 569.232 54.426 EXPENDITURE ON Charitsble activities General Major Pott¢r fund 275,638 275.638 47.283 162.062 43,305 47,283 Raisin8 fiEnds General Major Potter fund 10 10 77.433 77.433 3.444 19,355 11,190 Total 153,071 50.727 403.798 233.912 gainsl{10ss) on InVements 212 371 NET INCOME 185.885 (11,773) 174,112 128.497 Fund transfeTS 2,704 (2,704} RECONCILIATION OF FUNDS Tot81 funds brouEbt fonward 3,245,308 1.957,996 5203.304 S,074,807 TOTAL FUNDS CARRIED FORWARD 20 3 433,897 1,943,519 5J77416 5 203.304 The notes forni part of th¢s¢ fm8n¢ial Sments
The Royal T4nk ReERment Benevolent Fund Balance Shtet 31 March 2025 2025 Total fund5 2024 Tota funds Unr¢stricted funds Restricted fund Notts FIXED ASSETS Investtnents 15 3.204.912 ,927.054 5,131,966 5,151.564 CLRREwf ASSETS Siocks DebtOT5 Inv¢sknents Cash 4t bank 16 17 5,175 15,576 209.049 5.175 20.082 210.105 5.447 1.1.878 5.135 4.506 1,056 241.723 18.265 259,988 65,910 CREDITORS Amount falling due within one year 19 (12.7381 11.8001 114.538} 114,170) NET CURRENT ASSETS 228 985 245 450 TOTAL ASSETS LESS CURRENT LIABILITIES 3,433,897 ,943,519 5.377.416 5.203.304 NET ASSETS 3,433 897 1943 519 5 377416 5.203.304 FUiYDS L'n¥estri¢ied funds R¢stri¢t¢d funds 20 3.433,897 1943 519 3.245,308 TOTAL FUNDS 5,377.416 5.203.304 Th¢ financial 5tat¢rn¢nts w¢r¢ approved by th¢ Bosxd of Trust¢es and authorised for issue on and were signed on its behalf by: Trustee Tntee Trustee The notes forni part of Ehese fanCIal siatements Page 7
Th¢ Roy81 Tank Reglment Btntvolent Fund Notes to the FinADCig1 Stgtements for the Year Ended 31 MAreh 2025 LEGAL FORM Thc ROYAI Tank Re8iment Benevoleni Fund is an unincorporated charity, regisiered with the Charity Commission Ino. 2484871. The prin¢ipal addres5 can be foLmd on pa8e 3 of these financial rtatement5. ACCOUNTING POLICIES BASIS of pr¢psring the finAnciAI 51atements The financial statcrnents of the charity. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021'A¢¢ountin8 and Reporting by Charities.. Statement of Recommended Praciice applicable to ¢hariiies preparing their a¢count5 in accordance with the Financial Rwrting Standard applicable in the UK 8nd Republic of Ireland IFRS I02} {effective l Janu2ry 2019),. Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and zhe c.harities Act 2011. The finaneial statements hav¢ b¢en prepared under the historical c05t Convention. with the exception of investrnertts which in¢luded at market valu4 as modifjed by the revalua140n of cen8in asseE5. Income All income is recognised in the Ststement of Financial Activities once the chariiy h8s ¢ntitlement to the funds it is probable that the income will be re¢eiYed and th¢ wnourtt can be measurul reliably. Donation$ Don8ttons are accounted for wh¢n the income 15 received. Legacifs Legacies aT¢ included within the financial statements when theeondktion5 for re¢eipt h8v¢ been rnet. Grants receivable Grints receible are accounted foron an milS basi5 Investment Ineome The Charity's inve#ments are managed by appoinied fund maner$. Investsnent income is remitted io the Charity by the fijnd managers qtsarterly in arrears. All investments are measured at Tnarket value. E%p¢nditur¢ Liabilities art re¢ognis¢d as exp¢nditure as won as there is a1¢8al or constructÉve obligation committing th¢ charity to that expenditure, it is probable that a transfer of ¢¢onomic benefit5 will be r¢quired in 5¢ttlemeni and iht amount of the obligation can be measured r¢liably. Expenditure is accounted for on an acerua15 basis and hag been classified under h¢adin8s thai a88re8ate all w5t Telat¢d to the cate80ry. Where wsts ¢4nrtoi be directly attributed to particular headtngs th¢y havc b¢en allo¢ai¢d to a¢¢ivitiu on & basis ¢on5iStent with th¢ use of rurceS. LFrJnt5 offered subject to condition5 which hav¢ not bttn met at the year end date are noted a8 a commiuneni buc not aKrued expenditure. Stotks Stocks are valued ai ihe lower of ¢05t 8nd net realisable value. after making due allow8ne¢ for obsolete and slow moving items. T4x4tion Th¢ chariry is exempt from tax on its ¢haritabl¢ artiviti¢s. Fulld accountlng Unrestricted funds be used in accordon¢¢ with the chltable objectives at the discretion of the trustees. DesL8nated funds are amouTrts which have been put aside at the discretion of the Trust for a parti¢ular purpose. Restricted funds can only be used for particular restrieted purp)ses within the obJts of the charity. Restrictions arise when $p¢cified by the donor or when fvnds rois¢d for particular resthcted purposes. Further explanation ofthe nature and purpose of each fund is in¢luda in the notes to the fJnanciY415tatements. P¢nylon co$ts 8nd other p05t-retirement benefit5 The charit>. operates a defined coniribuiion pension 5¢h¢me. Contributions payable to the charity's pension scheme are charged to the Ststem¢nt of Finan¢i41 Aeiivities in the period to which they relate. Pa8e 8
The ROYAI TAnk Regiment Benevolellt Fund Nott$ to the FIntI&l Statements- eontiDu¢d for the Year Ended 31 March 2025 ACCOUNTINC POLICIES- continued Cash at b8nk &Dd In h8Dd Cash at bank and in hand includes cash and short tem highly liquid investments with a short maturity of three month5 or l¢ss from the date olacquisition or opening of the deposii or similar aecouni. Shon iemi highly liquid invesimen15 Wl1h a marity date of longer than three months Are held as Current 8S5et investsnents. Debtor5 Debtor5 are recognised Bithe Settlement amount due. Creditors Cr¢ditor5 are recognised where the charity has a present obligation resultin8 from a past eveni that will probably result in the rron5fer of funds ro a third party and the amount due io settle the obligation ¢an be m¢a5urd or estimated reliably. Creditors are reeognised ai their settlement amount. 3. DONATIOP¥S AND LEGACIES 21125 2024 Donations Offi¢w. SNCO and Soldier ODP 224.542 80.883 5.578 305 425 4. OTHER CHARITABLE ACTtvrrtES 2025 2024 Chariiable tradin8 Events income 1,746 169J36 l J32 171,082 1,332 S. INVESTMENT INCOME 2025 2024 Investment income Deposit account in*r¢st 144,(K)O 144,(X)O 928 147 151 144.928 Investment income ][] the year totslled £144.000.. Th¢ total ush withdr8wn from the portfolio into the eharity current acc(Junt in the year wag £144,0(K).. 6. CHARITABLE ACTIVITIES COSTS Grdni funding of activities {see note 8) Support sts (see note 91 DIrt Costs 15¢¢ not¢ 7) Totat General Major Potter Fund 2.646 201,374 71,618 275,638 2.646 246,857 73.418 322.921 continued..... Pa8e 9
The ROYAI Tank Reglm¢nt B¢D¢volent Fund Notes to the Fin8nei81 Staiements-eorttlnued for the YeAr Endtd 31 Mmreh 2025 7. DIRECT COSTS OF CHAIUTABLE ACTIVITIES 2025 2024 Headstones, WT¢4th5. flow¢T5 and drap¢$ Fields of Remembrance GiÈts 50 700 50 770 1.584 & GRANfs PAYABLE 2025 2024 General Major Pott¢r Fund 201,374 90,698 246.857 132.203 The thtal grants paid institutions during the year was as follows." 2025 2024 Memorials ABF the Soldiers, Charity annual grant c.olonel Commandant5 Fund IODPI Colonel Commandants Fund (Cambrai) RTR Publications Colon¢l Commandants Fund IEv¢nts) Mus¢um M¢dal CollKtion RTR Societies Other 5.500 40.441 3,0( 2.0 4,0(M) 3,0(K) 4,000 60.000 2.620 350 18.348 158.797 32,698 The totsi paid to individua15 durin8 the year was as follow5.. 2025 2024 Grants of benevolence Christmas grants Christmas hampers Other 8rartts Abor¢tum 34.197 580 6,422 45,483 60.340 379 5,949 31,489 88.060 99,505 Oth¢r grants paid frgm r¢stric*d fvnds repTesent grdnts payable in respect of the Major Potter fund. Page 10
The Royal T¥nk Regiment BtnevoleDt Fynd Notes to the FinaDciII Statements. eonilnued for th¢ Year Ended 31 March 2025 9. SIIPPORT COSTS Management Other Tot$ General Major Potter Fund 69,718 71.618 1.800 1,800 The fund operat¢5 & defin¢d ¢oniribution scheme in res¢1 of staff pensions. All support costs have been alldied ON an a¢¢Jal basis. Support costs, included In the above. are as follows.. M#llagem¢nt 2025 2024 Major Potter Fund Tot&1 activities Totsi General Wages and Staff Bonuses Pension Professional fees Offi¢e expense5. in5urancc. btsnus Printing and stAtionery P05t8ge Broadband Sundri¢5 C.otnputer costs HHQ tr8v¢l 29,351 1,76 20,938 3,509 442 881 29,351 1.768 20,938 3,509 442 881 27,804 1.633 20,515 979 597 515 503 838 12.988 688 10.018 2,810 10,018 67.060 Other 2025 2024 Major Potter Fund Toui activiti¢S Total acSivitL¢5 General Independent Examination fee5 1.900 1.800 3,700 3.700 10. EXPENDITURE ON RAISING FUNDS 2025 2024 Major Potter Fund Total activities Total activities General Portfolio fees Event expendiiure Costs of funthaisins Purchases 5.727 64.063 3,360 9,171 64,063 3,360 29.801 744 77.433 3.444 80.877 30.545 ontinued..... Po8¢11
The ROYAI Tatbk Regiment Benevolent Fund Note5 to tbe Flttxnci81 Stattments- ¢oDtiDued ror the Ye#r Ended 31 March 2025 11. TRUSTEES, RE1uNERATIoN AND BENEFITS There were no tru5tees' remunerati4)n or other benefits for th¢ year ended 31 March 2025 nor foT th¢ y¢aT ended 31 Mar¢h ?024. Trusteej, expenstj Th¢re were no trustees, exp¢]Lses paid for ihe yw ended 31 MaTch 2025 nor for the year ended 31 March 2024. 12. STAFF COSTS 2025 2024 Wag¢s and stsff bonus¢5 Orher pension sts 29.351 1.768 27.804 1,633 Theaverage monthly rtumber of employee5 durin8 the year was as follows: 2025 2024 Stafy Noemployees received emolumenrs in exr¢55 of £60.0(). 13. COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES Ufirestricd funds Restricted fund Toi funds INCOME AND ENDOWMEPTS FROM Don8tions and le8a£i¢s 5.578 5.578 (Xher irading aciiviti¢5 Invesimeni incom¢ 1,332 Totsl 97.503 54,335 151.838 EXPEfDITURE ON Raising funds 744 744 Chgritable actlvitles General Major Potter fund 141,547 141.547 43.305 50.316 43.30J 11,19) 39.126 Total 181,417 54.495 235,912 Net gains i)n investsnents 126.515 212,571 NET INCOME 126 355 128.497 Page 12 continued....
The Royal Tk Reglment Benevolent Fund Notes to the Fln8ntl#l Si*tement$- ¢oDtinued for the Year Ended 31 March 2025 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unr¢strictcd nds Restri¢t¢d fund funds RECONCILtATION OF FUNDS Tot81 funds brought fon¥8rd 3,240.462 1.834.345 5.074.807 TOTAL FUNDS CARRIED FORWARD 1957 996 5 203 304 The Statement of Financial Athivities shows the split by fund for the current year only. The equivalent fimd split for the comparative year ¢nded 31 March 2024 is as set ou¢ in this not¢. 15. FIXED ASSET INVESTMENTS Listed investm¢nts MARKET VALUE At l April 2024 Additions Disposals Revaluations 5.151,564 s.369,3) {4,680.1601 708 829 At 31 Marth 2025 NET BOOK VALUE At 31 March ?025 At 31 March 2024 5.151,564 There were no investsneni assets outside the UK. In Dddition to the amounts held in fixed asset invesunents for shares of £5,131,966 there wps on amount h¢ld in ourrent cash accounts of £Nil under cash At bank and in hand and £nil held as accrued interest. Tofal investments held with the inve5trnent broker CCLA were £5,131.966. 16. STOCKS 2025 2024 Ac¢outremeni Stock Pag¢ 13 Continu.....
The ROYAI Tank RegRrnent Benevolent Fund P4ot¢s to the Flnanciftl Statement8- tontinued for the Ye8r Ellded 31 March 2025 17. DEBTORS: AMOUNTS FALLING DUE WITHIP* OIYE YEAR 2025 2024 ODP debior Sundry debtors Prepayments 6,912 12,000 12.000 18. CURRENT ASSET tliVESTMENTS 21125 2024 35 day Liquidity account 210,105 5,135 19. CREDITORS: AMOUiNTS FALLIYI G DUE WITHIN ONE YEAR 2025 2024 Ac¢rued expen5¢5 20. MOVEMENTS IN FUNDS Net movement in funds Transfers between funds At 1.4.24 At 31.3.25 Unrestriettd fundg General fund 3 245 308 185 885 3 433 897 Re5trxcted fullds Major Pott¢r fund 1,957.996 {14,4771 12.704) 1.943,416 TOTAL FUNDS 5 203 304 174 112 5 377416 rnovrm¢nt in funds, included in th¢ ab)v¢ are as follows.. InGomiog re50urce5 Resources expended Gains wd Ios5e5 Movement in funds Uttrestrlcted funds icneral fund 569.232 (353.071) 130.2771 185.884 Rutritted fund5 Major Potter fund 54,426 150,727) 115,473) 111.774) TOTAL FUNDS 623 658 403 798 174 110 Poge 14 continued.....
The Royl Tank Regiment Benevolent Fynd Notes to the FingnclAI SIAtements- coNtlnued for the Year KDded 31 March 2025 20. MOVEMENTS IN iND5- corttlnued Comp8Tative fund5 movements are s follows". N¢i movement in fi]nds Transfers between funds At 1.4.23 At 31.3.24 Unrestricted funds Gcneral fund Comput¢r twjd 3.240.462 2,142 2.704 3,245.308 3,240,462 2,142 2.704 3,245,308 Rutri¢ted fund Major Potter fund 1.834,345 126.355 12,704) 1.957.996 5,074.807 128.497 5.203,304 TOTAL FLNDS Cotnparat5vc nei movement in funds, included in the abov¢ as follows.. Incoming resources Re$oLLr¢es ¢Xnded Gains and 1058es Movement in funds Unrestrtcted funds GEner&l fund 97,503 1181,4171 86.506 2.142 Re8tricted funds Major Pot fund 54.335 (54.4951 126,515 126.355 TOTAL FUPIDS 151838 235 912 212 371 128,497 General unrestrirt¢d funds r¢present funds whieh are expendable the dis¢raion of the Trustees in the furtherdnce of the objects of the Charity. Designat¢d funds represent amounts which h&ve bttn put &side at the discretion of the Tru¢¢5 And comprise a fund for the purchase of computer ¢quipment. Re5trÈCted funds rqiresent: £1,957.996 in respect of a legacy received from the Estate of Mrs RE Pott¢r, which was originally bqueathed to the charity by her la husband, Major Herb¢rt L¢sli¢ Potter. Purpose of the fund is to promote th¢ ¢tYi¢i¢ncy of the Royal Tank Regiment thmu8h the &Jucation and rrdining of serving members of the Eiegiment. 21. RELATED PARTY DISCLOSURES Th¢ Chority is Connected with other charitie5 of the Royal Tonk ReRimen* ss disclosed in the Annual Report of the Trustees. Material transactions con5iMed of a £4.000 grant12024 . £4,0(X)) paid io the Royal Tank Regiment Publication5 kn the year and the paymeni of grants totallin8 £40,44112024. £20,000) io the Colonel Cornmandant5 Fund ICCF) and a grant of £Nil12024..£Nill rtctived from CCF. Page 15