2022-03-31-accounts - 1st The Queen's Dragoon Guards Regimental Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			2022	2022	2022	2021
			Unrestricted	Restricted	Total	Total
			Funds	Fund	Funds	Funds
		Notes	f		8	f.
Income from:
Donations and legacies:
One day pay scheme donations			31,107		31,107	33,068
Other donations			22,642		22,642	15,001
Donation ofheritage assets						79,980
			53,749		53,749	128,049
Inveshnents:
Interest on cash on deposit			14		14	31
Interest on loan to QDG Heritage Trust
Dividends on investments			80,069		80,069	78,916
			80,083		80,083	78,947
Other:
Association subscriptions			7,036		7,036	6,522
Contributions to functions/	special occasions etc		11,863		11,863	2,205
Shop sales			22,327		22.327	19,598
Sale ofbooks
			41,226		41,226	28,325
Total income and endowments			175,058		175,058	235,321
~E* Ctt
Charitable activities		2	109,555		109,555	100,623
Other expenditure		3	5,915		5,915	4,361
T~tt dtt			115,470		115,470	104,984
Net income/(expenditure)			59,588		59,588	117,436
Net gains/(losses) on inveshnents		5	143,404		143,404	427,836
Net income/ ex enditure			202,992		202,992	545,272
Fund balances brought forward			3,718,422	1,565	3,719,987	3,174,715
Fund balances carried forward			3,921,414	1,565	3,922,979	3,719,987

								2021
				Notes			6
FIXEDASSETS
Heritage assets - unrestricted		funds				1,166,408			1,159,868
Investments - unrestricted	fimds					2,548,602			2,391,748
CURRENT ASSETS
Shop stock- unrestricted	funds				15&357		23,663
Stockofbooks - unrestricted		funds			21928		2,928
Advance payments - unrestricted			fimds		8&000		6,000
Cash at bank -restricted funds					1,565		1,565
Cash at bank - unrestricted		funds			181,919		139,015
					209,769		173,171
CREDITORS: Amounts	falling		due within one year:
Benevolent Grants accrued							3,000
Sundry creditors					1,800		1,800
					1,800		4,800)
NET CURRENT ASSETS						207,969			168,371
NKT ASSETS						3,922,979		8	&,779,987
FUNDS:
RESTRICTED FUNDS						1,565			1,565
UNRESTRICTED FUNDS						3,921,414			3,718,422
TOTALFUNDS						3,922,979		6	3,719,987

				2022		2021
				5		5
Reconciliation ofnet income/(expenditure)		to
net casli flow from	operating		activities:
Net income/(expenditure) for the year				202,992		545,272
Dividends and interest fiom investments				(80,083)		(78,947)
Losses/(gains) on inveshnents				(143,404)		(427,836)
(Increase)/decrease in Heritage assets				(6,540)		(79,980)
(Increase)/decrease in debtors				(2,000)		(6,000)
(Increase)/decrease in shop stock				8,306		(6,695)
(increase)/decrease in stock ofbooks
Increase/(decrease) in creditors				(3,000)		2,900
Net cash liow provided by/(used in) operating			activities	(23,729)		(51,286)
Cash flow from investing activities:
Received fiom sale ofinvestments
Payments to acquire investments
Dividends and interest &am investments				80,083		78,947
Dividends re-invested				(13,450)		(13,554)
Net cash flow provided by investing	activities			66,633		651393
Change in cash and cash equivalents	in the year			42,904		14,107
Cash and cash equivalents at the start ofthe year				140,580		126,473
Cash and cash equivalents at the end ofthe year				183,484	5	140,580
Cash and cash equivalents at 31stMarch		consists of:
Cash at bank				183,484	5	140,580

2	EXPENDITURE ON C	H	ARI	TABLE ACTIVITIES:
					2022		2021
					8
	Grant to 1stThe Queen's		Dragoon Guards:
	Principal Grant to the Regiment			for the year	44,484		34,002
	Incidental additional grants		to the Regiment
	Total grant to the Reghnent		for	the year	44,484		34,002
	Benevolent grants, wreaths		and	funeral costs paid	9)154		13,628
	Expenditure on functions/special			occasions etc	12,323		2,524
	Christmas hampers				6,550		5,755
	Advettising &Sponsorships				1,500
	Regimental Journals				5,175		3,578
	Donations				950		1,300
	Maintenance ofHeritage	assets			9,641		5,000
	Grant to the Heritage Trust						24,486
	Cost ofshop sales				15,228		5,689
	Cost ofbook sales
	Governance costs:
	Accountancy fees				1,300		1,300
	Independent Examiner's	fees			500		500
	Legal costs						2,316
	Secretary's Honorarium				2,750		2,750
	TOTAL EXPENDITURE		ON CHARITABLE ACTIVITIES		109,555	8	102,828
3	OTHER EXPENDITURE
					2022		2021
	Subscriptions				370		370
	Postage /k I.T.				2,754		2,763
	Internet				313		307
	Bank charges				179		170
	Sundty expenditure				2,299		751
	TOTAL OTHER EXPENDITURE				5,915	8	4,361
4	HERITAGE ASSETS
	At valuation/cost (see note		1.3 on page 8)		2022		2021
	At start ofyear				1,159,868		1,079,888
	Gifted during the year				0		79,980
	Purchased in year				6,540
	At end ofyear				1,166,408	8	1,159,868

Btackrock Armed	Forces Armed Forces Charities	Forces Armed Forces Charities	Growth and Income Fund:
				2022	2021
			Units
Account Number	0004386436:Income units
Market Value at start ofthe year			838,974.850	1,923,157	1,579,587
Purchases
Increase/(decrease)	in value			112,715	343,570
			838,974.850	2,035,872	1,923,157
Account Number	0004387522: Accumulation	units
Market Value at start ofthe year			109,663.190	468,591	370,771
Accumulated distributions				13,450	13,554
Increase/(decrease)	in value			30,689	84,266
			109,663.190	512,730	468,591
Total Market Value at31March				8 2,548,602 J	2)391)748