REGISTERED C.HplRI'I Y P4I.'MBER: 269230 Repori of ihe Trustei'5 #nd Ilnaiidited Finan¢ig1 .St8temeni* for rhe Year Fnd¢d 31 Mai'ch 2024 for 'I'ht Roi'al 'l'allk Regrmeni As50Cllltion
Tlie Roial Tunk Re%iment Associution Conicnis ol-lhe FinGincial SiaieiMLnl for (he Year Ended i l March ?024 Piible RL'POrt af ihe Trusiees Independent Exaniin¢r's Report tarcmeni of Financial Activities Balance Sheet SiaieTn¢ni of Cash Flows N'oie5 10 ili¢ Financial Siaiement5 10 to 17 Deiailed Si£ileTnent of Financial Ac11 iiies 18
The Rni'al Tank Regiment As50el#tion
Reporl of ihe'l'rustees
ror the Yegr Ended 31 ,M#r¢h 2024
The 'Fru%iees present their Teport ii'iili Ilie financial siaieinenis of ihe charit¥ for the N'ear ended 31 Mairh ?0?4. '1'he 'l'rusiees hake
adupicd Ihe proi'isiuns ot-Accouiitinb aiid Repi)ningT bv Charities.. Siaieinvi)I vl'ReLunTrin¢nded PraLlice dppIiLablL to clidriiie% preparing
thcir accnunrs in c1eLOI'dance w'ith the F'inancial RepLlrtlllb Siandard applicable in ihe UK and Republic ol- Ireland IF'KS
l O? I leftectivc l Januarj ?019}.
Le%AI Orn
-IIL ("Ii(tril}' 15 an uniiicorporated charil L7oemed b) the iule5 of the R TR Association kul¢ Book and reIl5[ered iih (lie Charil!,
Commis5ioiI. Tlie principle address Lan be lound oli pa¥Jt 3 0l.the5e financial slateimenis.
OIMF.CTIVES AND ACTI.1T1ES
(Ibjectii'es and aim5
a. '['() funhcr Ihe e%prii-de-corp5 of Ilie Roi'al Twik Regiin)eJii bi, encouragiing) all ranks past and preseni 10 Indintain contact wilh the
R
The R()vHI Tank" Regiment Association Rei)Dri rhe I'ruliees ror ihc Year F'nileil 31 March 2024 FINAP4CIAL REVIEI Trustee4 Pomer of Ini c%trnent L. Tlii -1 rLi%iees h<lKL' Ilii IX)IILr 10 appoini an Ine$[ment Manager and 10 deleglaie 10 hin) di5cretitsnary poii-cr iii r¢lalion lo tlic m<int]gi¢niciii ol-lhe Ch()ritl'5 Illl'L%iincnis. b. ThL. frusiees have th¢ poi%¢r to appoini a corporate bodi, as ihe Trusiees, Nominee 10 hold the iniesiments f()r th¢ chaTItN'. e. The Trusicis hai'e iiiken J.M. Finn &. Cn l.illiitcd. di%crclionaTh p()I¥CT% Qt- invc%imcnt ithin rhe paraineiirs ol.: { I I InvesimLnt Ohjictii es.. la} Income 'l'ai'gTCI aiin is at £200.000 for the Portfolio as a li hole. l?) LeNLI ol. Kisk.. l-hc ponfolio is held in combinaliun of niedium risk c1nd loik risk investments. 131 PaJmL'lli of inN'c%imcni incoine is monihli. on Iolc11 reiiims basis. d. The Trusiees have n)ade J.M. F'inn Noininecs l.ld Trusiee Nomince. Resen es pvlicl. li 1% tli¢ polic¥ ol. Ihe Charit). ta iiiaintain unrL'siricied I'unds ai a lei'el whicli Lquaie 10 approximaiel) l ? monihs unrLstrieiLd Lxpcndiiure. Tliis provides suIIiLienl fuiid% 10 cower mana¥iemeni and adminisiraiion and siippon cosis. LnrLsiricied liinds arc niainlainLd ar Ica%r at this ILk¥l Ihroubih(iut thc i'ear. Ar the l'ear end Ihe Charili had £1.080.?17 {70?- £4 J?.Oig1 hLld iii unre5trictcd rc%cri'c8 and £Nil 110?.3.. £ l.O(X)I held in r¢8tricied reser¥es. Free reser¥e5 at Ihe }'ear end. defined unrL5tricted fund5 less fix¢d asscis. w'crc £644.069 120?3'. £17.1471 Fixed Asstt5 li 1% IliL i)i)lici ol'ihe TTuslee5 1101 io capiialise filed assets in the balance sheei and io w'riie otl-lhe cost of fiNLd a5sLis piirchascd in the year thr()Ugli Ilie Siai¢menl of Finaiicial Aciii'iti. Fixed asseis coii%i%i priniarill of coinpuier equipiiieni anLI alihuu¥Th coimpulcr cquiprncni hi15 been piirclias¥d iii Ilie % ear. in the i. hell uf Ilic l-rustiLS It souii beLoinc5 obsolLt¥ aiid ilii! arL sharLd b) all thi FI,'TURE PLAN. l-lie C'h<iiili 15 ill Loiiiiiiue io enLoura¥y¢ suppurt bN i%<)i of dun<iliun5 cind I¢LTLILie5. l-() Lnrvur<tQl¢ 5'OUlliker iiiinibirs tu joiii Ili¢ir Iucdl A550cialioii BraiiLh bN larL)eiin¥ those 5eri'jn<Tr and leai'ing Ihe Armi.. l o adveriise Il)e exislencL ol. Ilie Ra-R AssoLiaiioii dnd its BrdnL11es Ihrou¥T110uI the UK. Tu pr()nii)t¢' th¢ Chai'ir!, throubih Social MLdia and ali App. I'he '[ rusiees liave niade the decision to clian&ie IneStinen( providers Irom J M Finn to CCLA. th¢ n)ove w'ill lake place bv Augiusi 20?4. STRUCTLR V, CJUVF.RP4ANCE AND MAS.41:EME.YT GvTrerning docunient No I'ru51 DLLd ¥.Kists. I"he R TR A5sociatlOll IS &Tokertied b), the rul¢s ot-lhe R"FR Association Rule Book. Cpul'crning Docunieiii LimilinkF Actii ities Onli RulLS 1. .) 1¢ lid 10 ul. Ili¢ Rule% ol-llie R'I'K Associaiion maN be chaiigied bl ihe charli Commission. Recruitment and appointin¢nl of n¢M trii4leL'S -1 I'llSlL¢s i?rL IlPPIIIIIIL'oI lil IliLir iaiik i111d 7¢ PPI)Illliiieni in Ihe RoNal Tank ReL7iment lor ih05e seri inbT, Wlth the exception ol-the luur rtlired menibers who represeni Ihe individual brancli¢s and resiricied io Ineinbers who hai e serked in the RTR. The Org#nisation The Board ot-"1 riisiees adn)inisiLr Ilie Chariti. 'fhe Hoard iiiecr oiicc a i'lar oificialli.. known as IhL AGM. Addilioiial iii¢¥liiigYS are h¢ld whLn iiccc%%aTh'. ThL ReLTinienial %ccrirarK Inana¢ie8 the dai. 10 dai. orErniioii ol-the I hariii. To laLilildlt tt'liciL'ni iiiaiiagieiiieni ol-lhe OTg7aiiisaiion the Rebwinieiital S¢cr¥tar}' has deleliaied auihoriis. Il'iihin limits sei b). the I'ruslees. lor niaricrs includinl Iinance dnd publi rclaiions. ¢1 Th¢T¢ Ii'ere no Inijor cl)?L nL¢8 in thi ChaTi1v, piilicie5. di -i-hL C'liariiN is dependLni oli ilio Nlini.%irn of l)clence for ihe pro ision ol. premises lind oiher fiAed (155¢15 to Lnablc li 10 carn. oui li'% objvciivus. Asseis are %<iilJbl¢ and adcquaic iii rcspeci ol. all funds ot ihc Cliariii. to cnablL 1110 I'ullil lis obliLilc li()n%. Pagc 2
The RO1 Tank Regiment A5SOCl8tioD R¢i)or¢ of lh¢ Trustees for th¢ Yc#r ETriled 31 fvlarch 2D24 TRUCTURE, GOVF.RNANCF. ATr4'D IqANA(.'F..MFNT Com miitL'e uf Managemenr The Ass0¢iaiion sh1c11 bL IM<inl£ £J¢d h%. a Cornmillee composed of the lolloii'jiiij per50n5'. Presidenr.. The Colancl L Omllic1ndani ol'llie Ro! al .1 ank. R¢gTiiiieni dui'in& his tenure in Iliar ollice. b. MemE¢rs.' { I I DLpiil) Qoloncl CDmmand1c ni l_l ThL C(irntnandiiigTr {)IlicLr Ilie Roval Tank R¢2imcni. 1.31 Fotjr rLlirL'd IM¢iiib¢rs ol. IhL Ro! (11 Tank- RcgTinicnr M'lio ari Mi cnib¢r% ot-Ili¢ Roial Tank Reg)iineiii A5suLiaiioii. Th¥ CommillLc sliall bc Maiiaginil Trusiees 01. i£11 t'Linds and propert belongyiiigy 10 Ihe Roi'al Taiik Rigiiiieni A55vcialion. bul excludin funds Lind propen! held b!. branLhc5. Meetings The Comrnittee hold ai least one Ordinarl Mcciing in each }'ear. Induction and Iraining nf tru%tee N¢w Tru5tLCS riceike a briLliniT pack froin the Regiinenial SecreiaTh. This brielin¥ pack conlains the follow ing documents.. a. A link lu Cliariii. Commi55iun CJuidclinc8 for Tru%icc%. b. Annual Report of Accounts. Meetin¥ PrvLedures. I'lle¥ M ill <il%o dlt¢nd an urieniitlion scssion ii'iih Ihe Colonel Commandant and the Reg7iineiital Secrcian. prior ro their lirsi Trustee Meeiini. DurinÉTr Iliis brieling Ihei w ill be Iiiadl aiior¢ of rliLir roll and responsibiliii as (i Trustee. tlIL' rolc nf rlic C-harirv Coinmi55ion. di¢i%ioii Ill<ikinLI PT()c¢ss and 111 be able i() IiL'ld diii. qu¢.%10% Ihu! Inal haie trom Ihe dociimen11c lion whicli lias hccn prowided 10 ihLn). natiiely. lh¢ Aiiiiual RLPI)n ol-ALLvunts. Tru5tLL Rlpnrt and Cliai'iij Coiniiiission GuidLlincs. DuriniT IIIL orientaiion session IhLN H ill be givL'ii Ihtr opportunii%' to meet n)eillb¢rs of siaff and the other Trusiees. All Trusiees are made awaT¢ of cxrcrnal rraining eiients and ar¢ enLouragLd lo aiiend. R¢latrd partie IIL R()% al -1 aiik R¢!7iiMeni Associaiion is Lonn¢Lled ith ihe followin¥? chariiies.. C'olon¢l Loii)IlliinLl<inls Fuiid Roial .1 ank RegTjiiieni Beiievolent Fund -l-h¢ J<tn)e5 Dcw liiirst -l-rus1 Ro!'1c I l ank RLLiin)eni PiibliLaiion5 TTUSI In addilioll ilic al Tank Rei7iineni Asso¢iaiion is connecied 1th the Ro) al Arimoured Corps War Meniorial Trust (to i l O¢iober ?0?31 to Ihe extent ot coinmon adniini51ralion and sharinL) ol-costs. Risk management The I'ru51eLS aciivelN review, the niajor risks ii'hiLI) Il)e Cl)(IrilN faLes on a rLLTu12r ba%1% and belieie thai Indint£iininLJ iescrkes ai currLni leve15. coinbiii¢d ii'iih dn aTrnu<il revi¢w ot the coniruls vver ke! lindnLial 51 sieins. ii'ill proi'ide sul'ficieni r¢soufcL% in Ilic ci'eni 01-adtr5e c()ndiiion5. '1'lie'l rusiees Iiaie alsv exaniiiied oiliLr operaiional and business I'lsks faLed: b! ihc Cliariii and confinn that ihc!, hae RFFFRF.YCF ADMif4JlSTRATIVE DETAILS RL'g7i5tered C.Iiarit) number Princip21 addrt$s HIIVRIR Sianlc) ljarrgcks Bni ing*ion BH'O 6JB Pagc 3
The Rui'al Txnk Regiineni AsSOCllltion Report nf rhe'frustees for the Year Fnd¢d 31 ftriarch 2U24 REFF.RF.NCE AYD AI)1IINISTRATII'F. i)F.TAILS Tru5tee5 President Colongl C"orninandani Ro! ic l Tank R¢gTimeni Brig G J Thompson Trustees D¢pul}' Coloiiel Commandant (Reid) N J C()Isci MBE IBI . Col J M 11 illiiims Iresi¥yned l 8 October *O731 Li Col M N H Luson Ilroiii 18 OLlub¢r 10?i I Li Col S P IK offh Iresi¥ined l ¥ October ?02il Commandinby officer R'I-R Four retired rnembers of the Regiment who are actii'e members ol the RTR A550ci81i(Trn:_ P C'arroll Ilroiii ? l fr'ebruars ?0?01 l) J l.arc(Iillbe Ifroiii 5 June ?0191 l M I'ompscit Itroin 18 November ?U?31 Indcpendcnt &'Aani iiier Mis% JA RiLli&ird%i)ii P"C-A FCCA DCIIA 3? Aiicird R(}ld Wimbvrne BH?17N'r Solicitors Hiiiiipliries Kirk WarLhain l)or%LI BH?0 4AN Iniestment Adi iscr5 JM Finn& Co ?.5 Cupih<ill .Ivenue EC?R 7AH Trusti'es Trlominee Comp#ni" JM Finn Noiiiinees Lid ?5 Copiliiill Ai'enuL Lundon EC?R 7AH Bankers Holi% Miliidrv Bank ?OU F-i)i¥ l¢i' AieiiuL Foii'ler Business Park Faniburoubih GU14 7JP Page 4
The Roval Tank Regiment As50el#tio Rti)vrt uf Ihe Truiti'e for the Year Ende(131 .M#rch 2024 Approved b}. order of Ihe Board of 'frusrees on .Z4nd sigFned on lis behalf bj.. Truste¢ Twsice I'rustec Page 5
The Rtsi#l T¥nk Regiment A%sociation Independenl exAminer'5 report to the trugttes of The Royal Tank Regimenl Association repori 10 ihl chariiy irusieeq an m} cxaniiiiaiion of the accounts ol-The Rni'al 'fatik Rlgiiiient Assoeialion {th¢ Trust) for the yeaT ended 31 March 2024. Responsibilities and basis of report As the chariiy iiusltLS of the'l'rust you are responsible for the preparation of the accounig in accordance with the requiremenig of ihe Charities Act 2(11 I I'the Act'l. I report in respeLI vl. my examination of the Tru51'5 accounts carried out under seciion 145 of ihe Aci 1( nd in Larr7LY out my examination I have followed all applicable l)ireciions given bj ihe C harii), Coininission under section 145{5}Ibl ofihe Aci. IndepeRdent examiner's 5tAtement - n]atters of coneern identifie %incL i viir Llidriii % gtri)55 iniume L'.XCL'LdLd £750.1)00 K()ur t.Kainiiier Inusi be a member ol. il listLd bod!. I can confinn that l ain qualil led io LindLindke the tlciiiiinaiion bLcause l am a re¥iisiered meinber of ICAEW M hiLh i5 onc of th¢ lisied bodiLs. I have ioinpleied my exarniJ)ation. I confirjn that no matters have corne to rny atiention ihat give me cause io believe that in any material respect.. acLouniingJ re¢ords u'ere not kept in respect of the I'rust as Tequired by section 130 of the Act: or the accounis do not accord M'ith iha%e records.. or the ac¢ounis do noi Lumply 1th the applicable Tequiremenis concernin¥ the form and conient of accounis sei out in th¢ Chariries {Accounls and Reports) Reg)ulaiions 2008 other th41n any rcquirement that ihe acLoullis ¥Jive a true and tair view which is not a mailer considered as part of an independenl examination. I confirm ihai ihere are no ocher matters 10 which your attcniion should be drawn to enable a proper understanding of ihe accounts io be reaLhed. Miss J A Richardson FCA FCCA DChA i2 Award Road Wiinborne Dorsei BH?1 7NT Dale..
'rhe Ruial "l ank Regiment AssociArion Si#tLimL'nl of .Ictii'ities for the Year Elided 31 March 2024 2013 Toial funds L'nreslricled Re51rict¢d und Tnial funds INC.OME AP•D END()II'MF.Tr4TS FROM Donaiii)ns c1nd IL" IL CIC 634.725 6j4,7?5 510 Invesiment income t)ep)sii accoiint int¢resr 12,000 41? 12.000 41? 12.0(K) i?0 T(Ital 647.137 647.1 i7 F.XPFNDITLRF. ()N Charil#hle Actii'ities Cieneral 126.0091 I 1.0001 {27.0091 {39.90?1 Nei gains on invesrincni ?7.0.$0 27.U.$0 NF.T IP4C()MF 648.178 I 1.0001 647.178 177.8061 RF.CONCI LIATI()I I)F Fl,"N l)5 Toial lund5 brougjht torward 4i2.039 1.000 4i3.Oi9 5111.845 TOTAL FUNI).4 CARRIF.I) FORWARD 1.081}.?17 4J3.Oi9 The notes form p?L rt ofihcse financial siaiemLnis PagFe 7
The RoTr81 'fgrtk Rrgirnent .4550CIAllOll Balance Sheet 31 March 2024 ?0?4 2023 UnrLslriciLd rund RcsiriciLd Fund I'unds funds FIXF.I) ASSETS 4J6.148 436.148 414.89? CL'RREliT ASSF.TS l)ebivrs 6?2.41.5 20..i8? 6??.41.5 Cash ai bank 2.15? 14? 645.149 645.149 19.017 CREDITORS Aiiioun15 Idllini7 due li ithin one lear 1.080 1.080 870 NET CL.RRENT ASSETS 644.069 644.069 18.147 TOTAL IlSSF.TS LF.%4 CLRRF.NT LlIllllLITIF. 1.08U.?17 433.039 NET A%SF.TS I.OXl}.?17 1.080.?17 433.Oi9 Fl,'Nll L'nFLSirici¢d fiinds Rtrsiriclcd lunds 1.080.?17 43•.039 1.000 TOTAL FUNDS 1.080.J17 43.i.11.39 The linlnclaI staieinenis were approNed bj the Board of Trusiee5 and authori5ed for issue on on lis beh(Ill' bi.: and w'ere signed Trusle¢ Tru51CC Trustee The notes form pan of these finaiicial srat¢inenis
The Roval Tank Reglmeni A550CIAtion Siaiemtnl of C'ash F-IoM5 F'ur ihe lear Tr'nded J l Mllrch 21124 ute 2U24 2023 C#sh from oper#lin% actii'itie5 13.836 111.6581 Cash nuw'5 Irotn tni"esting #etii'ities PurLha5L ol- ini¢%iiiieiits PrvLeeds froin sale ol investments Ini¢re5t received DiviLlenLls r¢Leived 141.1451 4i.4i9 (41?) { i ?.0001 {48.36DI (i? 0001 Nei cash used in ini'esliiiLTr actii iiies 119.i181 Change in cash and cash equii alenis in the reporting p¥riod 3.717 130.9761 Cush and c#$li equii #ltnts the beginning uf the reporting periud 19.017 49.993 Cash and cash eqll.le11t$ at the end of ihl rtpvrtink PLrio 19.017 NOTF. A 2024 21)23 Nei incoime as pcr SOFA IGain%l. on inwesinienis Inler¢%i r¥cLivLd 048.177 1?7.0.501 41? 12.000 177.806 50.5i4 i ?.00{I 3.404 In%esiincni porttolin t¥¢ Decrea8e'lincreic s¢1 iii dLbior% IDccrLa%cI'incr¢o%L in creditors (6??.41.il ?10 90 13,836 111,65¥1 NOTE 11 Ai At 31 r+lurLh 2024 April 21123 Flo Cash at bank and in h1( nd 19.017 i.717 The notes form pan of ihe5e financial sraiemcnis
The Ro)'al "I'ank Regiment A5SULllItio ()les to the Fiiiiinci#l Si#t¢m¢nt5 for the Year Ended 31 .M8rch 2024 I.F'GAL Tr'C)RM 'rhe Roval Tank RegTriment As¥ooiaiion is an unincorporated charity.. registered 1th the Charilw Commission Ino. ?69?301. Th¢ principal address can be lound on paLye 3 of Iliese linancial staiements. ACCOIIYTItiG POI.IC'IE"S JJ#sis of pri'p8ring the finuncl#l st#tcmeDts Tl)e financial %lc11eniLiir8 Dt'rhL cIIlL riiv. ti liiLI) is a piiblic benetll Liiiiri undlr FRS I O? hav¢ beeii prepar¢d iii accurddnLe 'iih lh¢ Chai'iii¥% %l)RP I I-.R5 10)I'Ac¢nunrino and Reportin¥ C liarilies.. %iaiLiii¥ni ol'Recoiiiin¢iided Practic¢ applicable to chariiies prep£l1'ini) rh¢ir accounts in accoi'daiicc witli rhL F-inancial RepvrtlllLY Sidiid<trd appli¢able in the UK dnd R¢public ollrL"land 11. RS I O?} lel'teciiNc l Janiiari ?0191'. FindlI&11 Reporriiig Staiidard l O? 'Th¢ Financial Reporiin! St(Indard applic1< ble in Ilie LK anLI Repiiblic of Irelaiid, and Ihe Cliariiie5 ALI ?01 l. The f111aiicial siaiemenis ha¢ been prepared under the hislortcal cosi coiiieniion. with thc eNcepiion of iniesiments whiLh arc tncluded ai marktl 3111¢. a8 niodificd bv IhL' revaluation ol-ceriain asseis. Ineutnc All iiicnme is TecoiJni%cd in the of Financial Aciii'iites once the Lharilv ha5 entiileineni io the fiinds. li is prOblbIC thai the incoine w'ill bc receiked and the ainounl C<in be n)easurLd r¥liabli'. Vnluniar¥ inLoiMe iiicluding donation5. lebTacies. g)raiii% received. and subseriplion5 Iroin Meinbers and bran¢lies of (he RnN'al .1 (ink Re¥iimenl A%%ociaiion receii.ed pr(Ivide core luiidinL) or are ol. a gienerdl nalurL tliai are reLO!7nised 1% Iicre ihLm' is eniiil¢incni. certainly ol- r¢cLiPi and ihe aniount cali be Ineasured willi sullicieni reliabilitv. Invt%ltn¢nl income InVL5lI¢nI% iiicluded in the accounis are included ai m£lrkel vallle. All giains or 10sse5 are di5¢1osed in the SOFA Is .xpenilitiire .IdbililiL% <ir¢ r¢cog*nis¥d <15 expendirurc as $0011 as ther¢ 15 a leljcil or consiruciiie obliLTaiion Lumniiitingi ilie charil!. to that e.xpendilurL. ri is prOblbIt thai a transter ol'eeonomic benelils w'ill b¢ required in seiil¢nienl dnd the aniouni ul'ihe ubligyaiion can bL mLa%ured reliabli.. LNpcnditiirc is accounted lor un (111 accrua15 basis and lias b¢gn cldssified under headingi% ihai aggreLale all cosr r¢laied 10 Ili¢ L<ileLiori. 11.'here cosis cannot be direcill aiiribuied 10 paniLuldr headingS the) haTrc bc¢n allocaiid io (iclivilies on a basis consi51enl H'ith ihe use ofresources. Jranis ol'fei'cd suhjcct 10 condition5 h1¢h have noi been mei al the i ear ¢nd dale are noted i15 a coniiniimeni bui not ac¢rucd as e.Ipendiiure. und accounilnk IlnrL%ificiLd liinds cali be used in accordance ¥i.ith the charitable objec11eS al tli¥ discretion ol-lhe tru%ices. Rcsiricied fuiids can nnli, be u5¢11 lor panicular resiricied purpL15es ii'iihin Ihe objecis ol'the ¢hariN. Resiriciions aris¢ when %peeilied b). Ihe doiior ur M heii luiid% ar¢ raised lor partlLiilcir rLsiricii,d purpo%e%. FuftheT e.xplaiiaiion ol'ilie natur¢ aiid purpose ol'eaLh fund is iiicluded in the note5 10 ihe financial siaiements. ( as11 #t bank und in Cash ai bank 7nd ca%li in Iiand inclLides cash aiid Sliort teriii hiL7hl!. IiqLiid iiiiesiinents 1th a shon maiuriii ol'thrLC Inonths or less trom the date ot.acqui5ilion or openiii&b ol-llie deposit ur siIiTril<if dLLuuni.
The Al Tank Regiment AsSOelalroft otts t() the Financial StMtement5- Continued for the Year Fnded 31 March 2U24 ACCOU.N'TING POLICIES- cvntinued Current asset ini e51ments CiirFeiii <l%%Lt illltsiiiienis included iii these lindnLial sldlemenis are madL up of al0niS held in ihe 3.5 dak li4uidily Inaii(Ig¢r (tLLvuni. DL.bturs und prepHI'nieiJts Debiurs <iIid pi-Lpai InL1115 are recoginised at Ilie traiisaciion price w.Iiere ali eniiii has a present oblibjaiion resuliiniT frnin a pasl ¥ienl Iliai 1% ill probabli resuli in Ilie Iransler of lunds froin a Iliird pan% to the Lharii% and thL dm()uiil duL lo e[lIe Ilie obligyation can be medsur¢d or ¢slitnalcd reliabl). Creditor5 aiid prui i5ions Creditors and pro isions are reLoLJnised ii.here tlie Lliariik has a pres¢ni ubliiFatiun resuliiniw from a pa51 eveni (hai li ill pi'ubiibl} result in ilie traiisler of Iui)Lls 10 a Iliird parti and Ihe aniouni dug lu settle the ubli£idlion can bc Ineasured or estiindled reliablv. Crediiors and provisions are norinallw re¢og)nised ai their transaciion price aft¢r allom'iniw for anj trade disci)uiiis due. DONATIONS AND LF.GAC.IFS 2024 2023 Doiiaiions L¢LTdLiL'5 Gran15 $10 621.41$ 6j4.7?5 $10 Granis received. ineluded in th¢ ahovc, are gs follo% 2024 2023 'I'li¢ Vfflcrans App INVE%T.MF.NT 1cOmE 2024 2023 Invesimeni income 12.000 Inwesiiii¢ni inLoine iii Ilie } ear ioialled £ l ? 000. Tlie iotal cash li iihdrawn from the punfolio into the chariis curreni ciccoiint iji ilii l'ear %i(1S £1 ?.000 PaL)e I I
The Rn)"al Tank RegiThent AsSOClatio otes tu the Financial St¥tL'mettts- cunlinued for the Year Ended 31 Murch 2024 CH.4RITABLF. AC-TIVITIES COSTS Direct Grani tunding Support co.sis (see noie81 Toials (see noie 61 (see note 71 (ieneral 17.4i6 4.515 DIRECT ()F C.HARITABLF. ACTIVITF.S 2024 21123 Branch eqiiipment Ln)orial Bench Par<2de siandard.8 in%urance F.venis '¢bsite and Veleians App 1.773 697 1.87 624 ?.$0 6.102 C.RANTS PAY.4BLF. 2n24 2023 Gen¢rdl 4.$15 ?8.1100 The ioial grnnis paid to instiiurion% during the N'ear w'as as tollows.. 2024 2023 Ilranch Su%tainment Grant Coloncl Commandants Fiind Cainbrai .$ Year l.-und i.000 ?8.OOU ?8.UOO
The Roi"g1 Tgnk Regimeni Association .Notes to the Fin#n¢iul Stul¥men15- coritinued r¢Trr the Year Ended 31 M#rch 2024 SLiPPORT COSTS Goi'ernance eost5 Other Tntals General 4.i08 750 5.0.)8 Suppon cosis. included in the abov¢. are as folloi¥s.' Uiher 2024 2023 T(Trt#l Actii'ities General l)osia¥¥e and priniin i.$1 1.457 7.500 Purtfolio tees 3.404 4.740 Gotrnance cost5 2U24 2023 T()tdl en¢r#l Exaniincr remuneration 750 750 "I"R115'1"EES' Rb..Ml INF'RA"I"ION ANI D BLYLF'IT. There Mere iTusiees' remuneration or other bcnctiis for Ihe Near ended 31 March ?0?4 iior for ihe Jear ended 31 March ?0?" 'I'rustees' exp¢nse* There ere no iru51ees' expense% paid lor the lear ended 31 MaTLh ?0?4 nor for ihe year ended 31 M4trch 20?-
The Rol'lll Tllnk Regiment AssociAtio otes to the Financial Statenients- continued fur the lear Elided 31 114r¢h ?024 COMPARATIVF.S FOR THF. 4TATF.MENT OF FINANCIAL ACTIVITIES Unr¢stricted tund Resrricied Toldl INCOMF. AND F.IDOWMENTS FR()M ilo 510 Donaiivns lI1d le¥Tacie InN'¢slineni incoin¢ 12.000 i?.000 Deposil (LLcouni inieresi i?0 Totfil 12.630 FXPF.TriDITIIRI ON CharitublL Ilctii itie )ciicral 39.902 Net ¥ains on invesimenis 50.5i41 50.-Si4 P4F.T INCOME 177.8061 177.8061 RFC.ONCILIA TIC)N OF FLIN I)S Total funds brou%ht foriiard 509.84) i.o(x) 510.845 TOTAL FL.NI DS CARkIF.I) F()RWARI) 4i2.oi 1.000 4ii.Oi9 1)4gi 14
The R()ial I'unk Regient A55UCi#tion Notes to the Financi41 St4tements- coniinued for the l'ear F.Dded 31 Mmrch 2024 FIXEI) ASSET IIYV'E4TMF.)TS Invcsiinenis MARKET N'ALUE Ai l April ?0?", Additions F)ispo%als RealallonS 414.897 41.14 jl ?81} At J l March 20?4 4i6.148 NET BOOK VALL,F. Ai i l March ?0?4 4i6.148 Ai 31 March ?073 414.89? There M¢re no inve5tnienl asscis oiitside ihe UK. In addiiioti In Ihe amilunls lield iii Iixed a5sei ini'eslnienis lor shares of £416.148. there was an amL)uni held in Lurreiil cash aLLI?unl5 of £ti i S? utider Cash 41 b(Ink and in hand tolallingi £ 438..100 of Ivlal inve5ttneiiis held wilh ihe invesim¢ni brokeT JM Finn. DF.IITORS.. AMOLINTS FALLfn*l- DUF WITHIN OYF. YF.AR 2024 2U23 Accrued income 6??.41 s Accrued income represcnis a legaci debior. 13. CURRENT ASSET IYI'F.f>T.1IF.NT 2024 2023 Cash hcld in iniesimen15 20..58?
The Ro%'MI Tmnk Regimtlll klsSOLllltiun Plotes to the Financial $12tenients- continued ror the Ycar En(ted JI March 2024 14. CREDITORS: AMOUTr4TS FALLING DUE I1TH1 ONE YEAR 2024 2U23 Accrued expeiiscs 1.080 870 MOVF.MFNT IN FUNDS Net moi'eineni in fiinds Ai At Unrestricted funds Geii¢r¢il luiid 43?.OJ9 648.178 1.080.217 Restricted funds 1.000 1.0001 TOTAL FI;.N I)5 433.Oi9 647.178 1.080,217 Nei Inavèiiieni in lunds. iiicluded in the above are a5 tolloi%s'. Incoming resources ReEource5 exp¢nd¢d Gains and Ivs5¢5 MovernL'ni iii lund% Unrtstriited funds 647.137 ?6.009 ?7.050 648.178 Rc5tricted funds I 1.0001 I 1,0001 TOTAL FUNDS 647.137 77.009 ?7.050 647.178 Compar&lii'es for mol'emeni in funiJ$ Nei Inoi'einent in lunds Ai Ai IlnrestriciLd luttds (iLnL'f(il lund 509.84) 177.8061 432.039 Restriclld fund5 1.000 1.000 TO'I'AL FLNI)S 510.845 177.8061 433.oig
'rhe Roi'g11"gnk Re%Émenr AsSOCiMIIOIJ Nole5 to the Fin#iicial .4t#ienients- continued for Ilie l'ear Elided 31 March 2024 MOI'EMENT Ili FIINDS- euntirtued CotnpaTative nci mov¢nieni in funds. included in the above are as follom's.. Incoming re50urcL's Re50urce5 e.xpended Gain5 and losses Muvement Unre51ricted funds 39.W12 Restricted funds Memarial Hench TOTAL FUYDS 177.81)bl Purpose5 (if resiricied fiinds Memorial beiich - fuiids are resiriLied for ihe purchase of a Inemorial benLh in meinori, ol'the donor'5 l<iiiiil)' Imeinber. 16. RELATED PARTY DISC.LOSI,"RF.. The Charit%, is connected w ith oiher Lharitie5 ofihe Roidl Tank Reiwinient as disclosed in Ilie Annual Report ofihe Trllstf¢S. the ear LndLd 31 Marili ?0?4 11)e Lharitv 15su¢d ¥Tldl)15 lUt(]Ilini¥ £J.000 lo tli¢ Coluii¥l Coininandani's Fund l?0?3.. £2.0001. Page 17
ThL. 'I'ank Regimeni Assoeillilun Delailed 4t2tenietil ()r Fin#ni ial Aclivities fur the ear F.nded 31 lar¢h 21124 I%COMF. APID F.NI)Oll'IMENTS 2024 2023 Donatians IcLF#ries 510 6?1.415 l j.?00 (Jranis Inl'estmeni illLomc i .000 i ?.000 Dep05lt a¢cnuni inttre5t l)ep05ir accouni ini¢resl 41 120 Total incom ing re50urfes 647. li7 1 7.630 F.XPENDJTIIRF, Charitahl¢ aetii itits 643 1.000 697 1.872 1.773 MLm(Irial Ilciicli )cif<idc.'slaiidards insurance 6?4 'LbsilL' (Jrants 10 institutions 4..$15 ?8.000 34.10? Suppnrl cost5 ()ther l?osiaiTL and priniing Admiiiislrarinn Portfolio fee Jil 409 4?7 ?.500 4.)08 G()%"ernanc¢ costs F.A<1n)InL'r rciniincraiion 7iO 1.560 Tijtal resources expended ?7.009 39.90? let inctsme before gai11s #nd Iusse5 620.1 ?8 127.2721 Realised reco2nisLd guin5 105se5 Rcalised g)ains,11055esl on tixed asset investmen15 27.050 5Q.S j4 Nei incvMe 647.178 77.806 This patc d()Ls rti)I forrn part of the 51alutory tinanLial statenienls Pa¥e 18