1-3 |
Trustees' Annual Report |
|---|---|
4 |
Independent Examiner's Report to the Trustees |
5 |
Statement of Financial Activities |
6 |
Income and Expenditure Account (General Fund) |
7 |
Income and Expenditure Account (Benevolent Fund) |
8 |
Income and Expenditure Account (Margaret Hartley Fund) |
9 |
Balance Sheet |
10-12 |
Notes to the Financial Statements |
The Cheshire Yeomanry Association Independent Examiner's Report to ihe Trustees or The Chesbire Yeomanry Association l Feport to the chJFity trustce5 on m}, examtnation of the aceowts of the charit). for the vear ended 31 March 2025 which ate set out on pages 5 to 12. Respective responsibilities of iht Tru$ttes ttd tbt lttdependent ExaD)iDer As ihe charity s trusie¢s )'ou are resW)lbIt for the prewaiion of ihe xwun15 in accotdanee WEth the Tequirem¢nts ofthe C harjties ALt 2011 I'the Aci'i. Th¢ charil) s trusiees consider that an aLKlil Is JKtri reqwrttl for Ihis }'ear u1t¥ secihin 14421 of ihe Chariiie.% Act 2011 (the 2011 Acll and Ihai ttn Èndepethi examinaiion 15 ne¢d¢d. I rew)rt in respeci of my exaMinatn of the chwits s xcounts Carried out under SttiiDn 145 of the Aci and in inB out my exaiiiination I h2ve folloi%'ed all the appli¢abl¢ Directions given bi, the Chaniv Commission under section 14515Xbi of the Act. l Jm a150 ¥cquiied io siaie ivhdher niCular matiers hai'e come my. auenlion. BASIS of Indepcndcnt LxamiDer's Report My eNamiAaÈion Wds earried oui in accordance N'ith the 8eneral Dire¢iions 8i%'en by the Charil? Commi%sion An ¢xaminatio includes a revie ol-the accounting records b). the chaTiI)' and a comparison orth¢ aceounts prescnied wilh tlw8e records It also Includes coiisidcralion of ans. un115ual iiems t)r di10$UreS in the cOUl) and seLking expllatio1)S frorn vou IrL151¢es ci?ncerning ani. siich matters. The predre$ uNlenaken do rn)I proi'ide all ihe ei'idence thol would be required in an audii lind conlequentlv no ()pinion Is 8ii.en a10 ilhether the 3CC0Lhnts preseni a'wue and lair i'l¢, and the repon Is limited ts) thosc mattcis set ()ui In ihe siatement b¢loM' Independent ExmiDer's Sttemtnt I havc compl¢l¢d my examinaibon I confirm ihat no material mattershave come mi. ?ii¢nlion in conTheaion iviih Ihe examiniiiion givJn8 me re&sanahle cause io lieve th in 401, maicFtal Testxri. accountin8 TL(wd5 [e k¢pi in resF¢Ct of ihe ehon.ty as required by s¢¢tion 130 of the Aci. or Ihe accounts do accord wilh those records or do rn)i ¢(nplY wilh the acCotIng wuiiemcnts ofthe 2011 Ath. or Ihe ¥¢¢oun15 do I1 Comply with ihe applicablt requir¢mcnts corKcrninB thc form and connt of a¢cowits sct nut in thc Chariiies IAc¢oiinls and Reports) Re8ulaiions 21MIR ot1 ihan om" Tequirement thai the accounts 8i¥e a 'tnJe and fair view which is not a maltcr considered &$ w oran ind¢peThJent twinlOn. I have no Concerns and have come acro no oih¢r matter5 in eonnection iiiih the examinaliijn to which attenlion lhould he dra in 11115 repotl in ord¢'r 10 enable a prOr Understalin8 of the *c(wJnis 10 rea¢W. Susan H15 MA ACA Champion AIIHIKrtls Limited Chartered AccowitanL8 2rd fioor Rcfvge H5¢ 33-37 W&c1t Row Chest¢r CHI 2LE
The Cheshire Yeomanry Association Stfitement of Financigl Aelivities Ye2r Ended 31 Nlarch 202) Re5tritted Cxrestricted fttnd5 2025 Totsl 2025 2025 2024 Income and e ndoi)Tnents m. Voluntarv ¢0.. Lk)naiKJnS Ixhtr InieslnEnts 21_753 21.753 2.094 8530 2.456 2,521 13,475 8.i77 Tot#1 ID¢ome and eD(lo*Thents 15) 18.4)2 E%penditure Fundrai8ing ¢05t of goods sokl and oihercosts C05t of chgrttANt i¢tiiTItS- Grants and benevokace (hher eNpenditurc 1949 i269 4.723 4.091 3,8 333 4.6)? Total expenditure 4.(bl &1 12.t62 132)6 Net Ineome/lexpenditure) before ini'estmeDt gal$ 3.q)81 2).623 19.715 5,196 Unrealised ga5 Ilossesl on In¥eStnnI assds 28.273 12i.1791 3.094 Ntt IDcomel{eAPtnditure) for the vear 24Ji 11.5)61 Fund balances broshI for%wd ai l April 2024 22i.121 289.6il 514.752 486.949 Fund balartce5 al il March 2015 249.486 288.07) 537561 514.7) The Statement of Financial Activiiies is a requiTETUC¥rt of the Charities Act and summarises on one Slaterent the Income and EVedIte of the Association for the }"rdr. The detsiled IncoTf2e and Ewnditure xcounts on pages 6 to 8 ar the notrs on paqes 10 10 12 forni pan of these accounts
The Cheshire Yeomanry Association Income attd Expenditure Account- GeDer81 Fund (L',nre5tricled) ear Ended 31 March 2025 2025 2024 Ineome and tndoThiDtnts Other iiicon 2( 2521 In¢onr from donatM)ns - Wesimin5tef FoUndatn - Other donatn5 21.753 188 1.188 iDel)Illt Igrossl: Disiributions on Chil rifund units DistributH)ns on Canaccord Ctnuffv InvestftL Funds Distribuiioiis on Amd Forees COmn In%'estn%nt Fund Disiributions fr(Trrn CaZenot MUltA$Sel fund Intcrcsi on COIF Chathies £kposrt Fund Intercst on Baiik Deposii account R¢aliscd P(ofrtlllnssl on Sale oflni'estnnts 3,703 2517 957 447 &775 47 8,377 7.324 31224 11,033 Expenditure Lhxritlle t%nlre. Ch(Irilable donallons RL'inb Llav LunLh Breakf85( Club hcr ewendrtLire Sports Sponsorship Sumnrr So¢MI F.v¢ni 242 326 2.488 2.707 (3.9491 162691 Other eXnlr¢. Insurdnte Stationcry. posia8e and other Bcn¢voleni Secretary Honorw Bank interest Chri51nB8 Part). Gift aKI iaxdebtor HTitien off InvesLnYnt rronagerrtnt fees Accounlancv and Independent EwThnation Itncludm8 VATI Ctss of oITr t111re for yt•r tort giill5 Unrealised gauls Ib)55¢sI on llive51nYni assets E(re55 of imconr or t111re for Balan¢e brought fonwd at l Apni 2024 AccumutCd Fund at 31 mah"2015 Athl Banner Furtd at 31 March 2025 Tot81 L.nrt5tritttd Funib 545 41 $45 12 124 543 2.IX) 2238 14.652} 23.623 13.8thl 867 25.179} 11.5)61 14.769 15,636 289.631 287.71K) 375 27i,620 289>6 375 288.075 289.631
The Cheshire Yeomanry Association lllcome and Expenditure Account- Benevolent Fund (Restricted) Year Ended 31 MAreh 2025 2025 2024 Ineome frf)m dollations and legacies tknnaiions 634 634 knYstmeDt iD¢oll Igr05s1- Distribuiions on Canaccord Ini'esiTrrfti Funds Distnbuiions fromCa2Enoi"e mUhASSe[ Fund DLStributMins on Amid Forces COKsn Ini'estnnÈ Fund B£alised PtofrtlllDs%l on Sde af Ini'esuwn 21 1253 4.898 li.0851 153 6.151 6.785 li3 Expe nditure Ch8ritslle exFllththre". Beiievolent donatK)ns rI1h legion Patade &cLnr)datIOTr Willbeing break.fasi Funer ScTrK¢s Ov¢r5L2S AKi & Tnps 1.873 1240 13.7231 (2.7401 Othtr ex14re. InvestmEnl n88¢Dr1 fees 13381 Exct5s ofinconr 0r eXotUrn for trfort galLs 4.fy15 Unrei$¢d ga5 Ik)ssesl on investnrni &ssets 7.839 Excess of iD¢omt ffttr for Thtir 24365 11.884 Baknce bTOU-ht f0Thd * l AP 2024 221.105 2179221 Actrmu1xtedfund3l Ihrch 2025 (restriftedfunth 245,4TJ 221.105
The Cheshire Yeomanry Association Incomt And Expenditure Ae¢ounl- NlargAret Hartley Fund (Restricted) Year Ended 31 Mareh 2025 2025 2024 Income tknnations 634 Expe nditvr¢ ChAritaFle eXndre. W¢lfare packJse 351 13511 Ekreis of incthmc thtr eln07ture for i'tar 283 Balance brought toriieTd 81 l April 2024 4.016 3.733 A¢cum¥lated Fuod ¥131 i%lArch 202$ Irt$trltteil funthl 4.1116 4,016 The MaTgaT¢I l.lartley Fund wa5 previousl5, kJ)owi ai the CNJl* Fund
The Cheshire Yeomanry Association Balance Sheet 31 March 2025 2025 2024 FixtdAsset IDveslmeots The Equff ies ln1.estttts Fund for cartI]es - 4.3(kS Incony Uniis sold and trdnsftrred to tsnove CGWM (PS Cauiious Fund IforRrth. CGWM (PS (4)tllElld Ponfolx)) 10? 934.[M9 untts sokl C&WM Select Bond Fund Ifornrrty Canaccord Trnuiij 1nd) 110.68 units sold 87,359 9230 Arnrd Forces CoTruTh)n Inve5tnYni Fund - 32,514 shares sold Calenove Multi-Asset Fund -890,916 units plus cash balance at nÉTket value Icost £4f*.3i71 tkposf( Hi(h The Unt¢d SeryKes Tmslee (Cost £llTr)) Total l'esInnlS Itost £468.437)- total cosÈ fro5n 5unwwv Curre nt Asstts Siocks Ai c05t 149240 511.768 2.1(K> 198,434 IICK) i13.868 830 891 Detrtors llioie 61 B#l#ttces at B8nk Barcts)'s Bqnk plc- Bussness S2I'¢r Account BarcLqN5 PAnL pl¢- Conmyjnlly Account Cash 174 ?1.407 3.465 3.1&7 81 .931 7.695 I2,1) Crethtws." ArTh)unls due MiihÉn one l'ear i et Currellt Assets 23.693 5.)65 Net.455ets Rtwestnttd B!.: Rt5tr¥tltd 15'4)te 71: Benevolent Fund maaet Hartky Fund 537,i61 )14,752 245.4KJ 4.016 221,105 4.016 249,486 LreStri¢led Income rne FEtnd A(kl Desiguated Fund5: Bantter Fund 5.121 2&1.7(X) 289256. 375 375 288.075 289,631 514.7)2 i37,[ These financial Statents were approved bTr" the Board of Trusiees on and s]ed on its behalf by". Pcter M Cooper TD. Honotaty ColoneL C (Cheshite YeomanTh'l Sqd WY
The Cheshire Yeomanry Association Notes to the Financial Statements 31 March 2025 I'hese accounts are prep2ted utMleT the Chariiies Act )01 l on the histOTi¢at tosi convenlion. '1th the exLepiioii of Ini'tsimeni sets Mthich are sthkd * market %ue. and in accordance iiith applicable aceounting Standard5 al the Statement of Recommended Practice on Accountjng and R¢yrtjng h, Chatiiies." the Clhin'ties SORP 2019 (FRS 1021. a1 eomply with the Charities (AcconIS ttr%i Rep)rtsl Regulations 21X)8. The fjnanciol ststements aTt Frtpored in sierlins Mthich is the fundioMI ¢urrerw' of the chaTifj'. rounded to the nearest £. The eharity. cOnlIus a public tnefJt eniil)" &% defined bk FRS 102. Aecounting Polieits Tr pllncipal attouniing liCe$ 2doNed in the pretrnuon of finwKial sments we Set oui below.. B•si4 of PT¢Pgrntlott of fi&ntig15ttemenlS A5se15 and liabilitjes are Jniijalli. reco8nised historical c051 or tr#nello price unless otheNist s(aied in the relevant a¢couniin8 policl. n(Ac b) Incoine l¥om fundrai.sin& srA)rtsorship. COVeEW¢ts. dt)naiions and legacies is reeo8nised tn Ihe oUnt]I)g peri1 In Ih1£h th¢ ¢haril) becomes entiilcd to the income. Ihe performa¥Ke condilinn% hav¢ bccn rnet and rettipi Is PTobobl¢ Iniestmeni Income is recoBni5cd in ihe Ixriod in M'hich distributions are m¢ t)r inteTeM crediied to iliL Awialion 5 accouni Dinet thrft#ble txpenditurt and oiber resources tIptDdtd l%pendiiurc Is accaunied for in ihe accounting perlod in ts1¢h li falls dut. on an aicTua15 bost5. •nd is inclLLsive ol"V AT whue appriwrialc. dl UnT¢Strieled lundsare availablc forwe ihediscretion of the irnsitts in funhernn¢e ol-Ih¢ 8ener#l ohjeeiiveq of the charity and 'hh hve rni been designed for oiher PUFFK)5¢$ Designlted lunds compri5¢ unrrstncted funds thai have been 1 aside by the trustees for particular purpo¥¢, The aim and use of each desigroicd fund LS sei In ihe noi¢% lo thc financial stsiements Rewicted funds ate funds h1¢h we to be used in accordance WEth 5rrtbfK restTictioi?s impos¢d by donors or which hai'e becn raised b) ihe chantK, for wti¢ul¥ purrA)se5. The use of each restricted fund i5 Set in Ihc tKttes thc finalai sthments. lllvtstmtnts In%'cstment8 8]t recognised initiail). at fw"r Wal h1¢ is nomlly the transaction price. Subsequently the). are measured at fair value ii'ith chan8e5 reco8nised In uainsl IIOssc51 on investments in I1 SOFA If Ih¢ inve51m¢nts arc publicl>" Iraded or their fair value can othernls¢ be mrd5ured reliably. Stocl Stttks art stsicd ai the IourT of w5t OT nd reali58ble 81 Goin8 colletr The financial stateEllents ha"t en prerAred on a going l¢ern basis as the trusiees beliei'e thal no material uncertainty." exists. The fftLMees have considered the lei'tl of funds held and expected level of income and ¢xrndiiure for 12 montlLS from authorising these fiajancwl statements Htrit4ge Assets Heritage Sets c¢)mprise Fe8imeTrtal silier. pictures aryl xcoutsrmenu It is the Association's pol¥¢v not to include the value ol such assets in the ftnarKial staiemeTts & the cost 01 of these heritage assets i5 Tlot adily available and the c05t of obiaining this u)fonnatton sigllificanili. ounNEi8h5 ans" benefii the u5ei of the fmancial statemeii 10-
The Cheshire Yeomanry AssocRation Notes lo the Financial Statements 31 March 2025 Fixed Asstt Inveslmellts Rtstriftsd d5 iknrestri¢led listed tiivestntnts held prinMrJN. foran invesinnt fttum." At nkrkei value l Aprd 2£4 Addit%)ns al cosi DpOsaL$ at M2tkei Value Reinvest¢d tOrt Managenrnt fees Nct 8&s/[loS5) arisin8 on alUatn in )"eat 210.460 lil.8)5 I1£6.8) 7.803 13381 28273 298.f27 173.145 (li).i891 447 1854} {.179) 509,187 30i,(m 1310.4711 8250 Ai Ttktk'el vale il March 202) 291697 513.868 RecotscilÉ#tion of ID wireglised gins on ittitstmeni assets: Unrealised gains ai I tlpnl ry4 RekasL ofunrealLsed on Sale of Ini'esinn15 Net ?ainsJllossl artsinct on revaluat in l'ear 117,712 I.0>6) l? j.1791 143,786 {105.(H31 114.987) 28.73 Unrealised gain5 at il MaTeh Ipi 2ii7 Other Filed Assets The A5s(K141tIO ncU[s e.xpetKEiÈure on ¥neaC37 a5ds iihirh ate loaned iftdefinitcli 10 ex-seThicemen and tlieir Fdmilies. It *$ the Associalion s tK)lici' to iinie off eNlidire on medical aids tn the i'fdf il 15 Inlufftd. et Incoming Resourees Net incoong resources is stated after¢ha]ng-. 2025 21124 Indep¢nd¢nt cn¢S fr¢ I¢]dID0 VAT) 2238 2.130
The Cheshire Yeomanry Association Notes to the Finaneial Statements 31 March 2025 Debtors 2024 Taxrecoverable on R]ft Loan 124 174 Re5triettd Funils Benti'olellt This reslriLied fiiijd conipr15es le8a¢ics recvived K4'h¢TC undLr the terins ol. the Will8 thc fuiids are lo be used fur the purpo$ ol'bcii¢i'DIèi)cL'. In ?ddilioii. donaiions havc beeii receii'ed and funLl$ raised specificallv for benevolence uiid inLome Is ieL¢ivLid from iiivestrnenis held '1th1n the ben¢volenL I'und. M#ryArtt11grtlti Thd IprN'iTru%li' Gulf Fund) -l-lii% resiTiCted fynd cornpri%es doiiaiions TeLeived for th¢ benefil ofyeomcn and iheiT lumilie8 on actii'c service. Summary of Net A55tts by Funds ixod Aiset Nel currtnt Banner fund (iLnLr81 fund 375 292,322 375 287,7(K) 14.6221 I'otal unrt4trl¢t*d income funth 292.697 14,6221 28&075 Reslricled I'unth Benevolent fund 221.171 24,2 4.016 245.470 4.016 Mar8ar¢L 14artleN' Fund TolAI funth 513,868 23,693 537.561 T.rustee Eypensts No trustee 01 an), person connected ii'ith them has Teceived or is due (o receive any rcmuiieration or expei)s¢s for the year directly or indirectly from the Association 5 Funds. 10. Controlling Pirtv The Association is undei the control of the rnark38erDeRt committee. 12