2022-03-31-accounts

			Page
Trustees'report			1-4
Independent	auditor's	report	5 7
Statement of	financial	activities
Balance sheet
Notes to the financial		statements	10-11

Trustees		Colonel C.Stagg OBE	Colonel C.Stagg OBE
		Lady Rachel Iohnstone-Burt
		Mr M.V. Ormiston		(Appointed	28 October 2021)
		Mr MJ. Felstead		(Appointed	28 October 2021)
		Major M.D. Randall		(Appointed	28 October 2021)
		Mr S.D. Lovelock		(Appointed	28 October 2021)
		Mr Pik Layden TD KC		(Appointed	16February 2023)
Charity number		251499
Principal address		London Scottish House
		95 Horseferry Road
		London
		SW1P 2DX
Auditor		Gilberts Chartered	Accountants
		Pendragon House
		69 London Road
		St Albans
		Hertfordshire
		AL1 1U
Bankers		Royal Bank ofScotland
		Holt's Farnborough	Branch
		Lawrie House
		Victoria Road
		Farnborough
		GU147NR
Investment	advisors	RBC Brewin Dolphin	Limited
		12Smithfield Street
		London
		EC1A 9LA

Unrestricted income	2022	2021
London Scottish 1990Fund
London Scottish 1995Charity
Donations from individuals	5,331	4,000
Other income	30,358	30,344
Totalincome	35,689	34,344

Totalfunds				2022	2021
Endowment	and	restricted	funds	15,356,703	15,356,626
Unrestricted	fund	(deficit)		(2,386,213)	(1,983,363)
Totalfunds				12,970,490	13,373,263

				Unrestricted	Endowment	Total	Unrestncted	Endowment	Total
				funds	funds		funds	funds
				2022	2022	2022	2021	2021	2021
			Notes	E	E	E	E	E	E
Income from:
Donations and	legacies			5,331		5,331	4,000		4,000
Investments				30,358		30,358	30,344		30,344
Other income							(795,000)	795,000
Total income and		endowments		35,689		35,689	(760,656)	795,000	34,344
w ch
Raising funds			5	54,367		54,367	84,929		84,929
Charitable activities			6	384,172		384,172	274,148	225,983	500,131
Other					48	48		47	47
Total expenditure				438,539	48	438,587	359,077	226,030	585,107
Net gains/(losses)		on
investments					125			2,038	2,038
Net movement	in	funds		(402,850)	77	(402,773)	(1,119,733)	571,008	(548,725)
Fund balances	at	1April 2021		(1,983,363)	15,356,626	13,373,263	(863,630)	14,785,618	13,921,988
Fund balances	at	31March 2022		(2,386,213)	15,356,703	12,970,490	(1,983,363)	15,356,626	13,373,263

					2022		2021
							as restated
					Notes		E
Fixed assets
Tangible assets						15,075,840		15,122,030
Investments						13,425		13,397
						15,089,265		15,135,427
Current assets
Debtors					458		458
Cash at bank		and in	hand		80,739		402,046
					81,197		402,504
Creditors: amounts			falling due within		one
year					(999,972)		(964,668)
Net current	liabilities					(918,775)		(562,164)
Total assets		less current		liabilities		14,170,490		14,573,263
Creditors: amounts			falling due after more
than one year						(1,200,000)		(1,200,000)
Net assets						12,970,490		13,373,263
Capital funds
Endowment		funds -	general		17	15,356,703		15,356,626
Income funds
Unrestricted		funds				(2,386,213)		(1,983,363)
						12,970,490		13,373,263
The notes on		pages 10to		21form part	ofthese financial statements.
The financial		statements		were approved	by the Trustees on ....cree,(3........
Trustee

	Unrestricted	Unrestricted
	funds	funds
	2022	2021
	E	E
Donations and gifts	331
Grants receivable	5,000	4,000
	5,331	4,000

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			E	E
Rental income			30,000	30,000
Income from listed investments			318	318
Interest receivable			40	26
			30,358	30,344
Raising funds
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			1	E
Fundraisin	and	ublicit
Other fundraising		costs	54,319	84,882
Investment	mana	ement	48	47
			54,367	84,929

				Charitable	Charitable
				activities	activities
				2022	2021
				E	E
Staff costs					225,983
Depreciation	and impairment			46,190	68,217
Activities undertaken		directly			(225,983)
				46,190	68,217
Grant funding	of activities (see note 7)			36,305	500
Share of support costs (see note )				301,677	431,414
				384,172	500,131
Analysis by fund
Unrestricted	funds			384,172	274,148
Endowment	funds	general			225,983
Grants payable
				Charitable	Charitable
				activities	activities
				2022	2021
				E	E
Grants to institutions:
The London Scottish		Regimental	Trust	36,305
Other					500
				36,305	500

		Endowment	Endowment
		funds	funds
		general	general
		2022	2021
Other	expenditure	48	47
		48	47

Endowment	Endowment
funds	funds
general	general
2022	2021
E
125	2,038

Tangible fixe	d assets
			Freehold land	Assets under	Fixtures and	Total
			and buildings	construction	fittings
			E		E
Cost
At 1April 2021			15,000,000	401,227	212,939	15,614,166
Disposals				(401,227)		(401,227)
At 31March	2022		15,000,000		212,939	15,212,939
Depreciation	and impairment
At 1April 2021				401,227	90,909	492,136
Depreciation	charged	in the year			46,190	46,190
Eliminated in	respect	of disposais		(401,227)		(401,227)
At 31March	2022				137,099	137,099
Carrying amount
At 31March	2022		15,000,000		75,840	15,075,840
At 31March	2021		15,000,000		122,030	15,122,030

				Listed	Unlisted	Total
				investments	investments
	Cost or valuation
	At 1April 2021			13,396		13,397
	Revaluations			124		124
	Investment management	fees		(96)		(96)
	At 31March 2022			13A24		13,425
	Carrying amount
	At 31March 2022			13,424		13,425
	At 31March 2021			13,396		13,397
14	Oebtors
					2022	2021
	Amounts falling due within one year:				E
	Prepayments and accrued	income			458	458
15	Loans and overdrafts
					2022	2021
					E	E
	Bank loan —secured				1,200,000	1,200,000
	Loans from related regimental		trusts		912,950	912,950
					2,112,950	2,112,950
	Payable within one year				912,950	912,950
	Payable after one year				1,200,000	1,200,000

					2022	2021
					E	6
Loans from related regimental			trusts		912,950	912,950
Trade creditors					40,415	17,440
Amounts	owed to related regimental			trusts	28,496	23,028
Accruals	and deferred	income			18,111	11,250
					999,972	964,668

Analysis ofnet assets betw	een funds
	Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
	funds	funds		funds	funds
	2022	2022	2022	2021	2021	2021
			E	E	E	E
Fund balances at 31
March 2022 are
represented by:
Tangible assets	75,840	15,000,000	15,075,840	122,030	15,000,000	15,122,030
Investments		13,425	13,425		13,397	13,397
Current assets/(liabilities)	(987,442)	68,714	(918,775)	(846,653)	284,489	(562,164)
	(911,602)	15,082,139	14,170,490	(724,623)	15,297,886	14,573,263
l.ong term liabilities		(1,200,000)	(1,200,000)		(1,200,000)	(1,200,000)
	(911,602)	13,882,139	12,970,490	(724,623)	14,097,886	13,373,263
Interfund loan	(1,474,564)	1,474,564		(1,258,787)	1,258,787
	(2,386,166)	15,356,703	12,970,490	(1,983,410)	15,356,673	13,373,263