2023-03-31-accounts

		Page
Company Information
Annual Report ofthe Trustees		2, 3
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial	Statements	8to 10

Charity registration	Charity registration	number:	274689
Trustees:	ORC Lanninie		Chairman (died 15th	January 2023)
	AFJ Roe		Chairman (appointed	21st	February 2023)
	Colonel PJAndrews OBE
	FDSRosier
	JD Beatson-Hird
	DA Warner
	M Ashley-Miller
	Brigadier	AS Richmond OBE(Ex-Officio)
	Colonel TRWilson OBE(appointed 23rd November				2022)
Regimental	Secretary		Ml Hawtin
Trust Secretary			HB Searle
Registered	Office		Home Headquarters
			Maindy Barracks
			Whitchurch Road
			Cardiff
			CF143YE
Accountants			Tester Accountancy	8cBookkeeping Ltd
			Chartered Accountants
			34,Fairoak Road
			Cardiff
			CF24 4PY
Bankers			Lloyds Banking Group PLC
			City Road
			Cardiff

			2023	2023	2023	2022
			Unrestricted	Restricted	Total	Total
		Notes	Funds	Funds	FundsI	Funds
Income from:
Donations, grants and legacies;
One day pay scheme donations			31,328		31,328	31,107
Other donations			5,041		5,041	22,642
AFCFT Connect Grants			26,250		26,250
ABF Grant - Sgt Delana			2,500		2,500
			65,119		65,119	53,749
Investments;
Interest on cash on deposit			255		255	14
Dividends on investments			86,273		86,273	80,069
			86,528		86,528	80,083
Other:
Association subscriptions			6,615		6,615	7,036
Contributions to functions/	special occasions etc		17,316		17,316	11,863
Shop sales			16,238		16,238	22,327
Mess Fund			266		266
			40,435		40,435	41,226
Total income and endowments			192,082		192,082	175,058
~E* su
Charitable activities			132,347		132,347	109,555
Other expenditure			31,729		31,729	5,615
~Tl I * ca			164,076		164,076	115,170
Net income/(expenditure)			28,006		28,006	59,588
Net gains/(losses) on investments		5	(272,015)		(272,015)	143,404
Net income/ ex enditure			(244,009)		(244,009)	202,992
Fund balances brought forward			3,921,414	1,565	3,922,979	3,719,987
Fund balances carried forward			3,677,405	1,565	3,678,970	3,922,979

				2023		2022
						E
Reconciliation ofnet income/(expenditure) to
net cash flow from	operating	activities:
Net income/(expenditure) for the year				(244,009)		202,992
Dividends and interest &om investments				(86,528)		(80,083)
Losses/(gains) on investments				272,016		(143,404)
(Increase)/decrease in Heritage assets				(8,055)		(6,540)
(Increase)/decrease in debtors						(2,000)
(Increase)/decrease in shop stock				(9,467)		8,306
(Increase)/decrease in stock ofbooks
Increase/(decrease) in creditors				450		(3,000)
Net cash flow provided by/(used in) operating		activities		(75,593)		(23,729)
Cash flow from investing activities:
Received &om sale ofinvestments
Payments to acquire investments				25,000
Dividends and interest fiom investments				86,528		80,083
Dividends re-invested				(16,677)		(13,450)
Net cash flow provided by investing	activities			44,851		66,633
Change in cash and cash equivalents	in the year			(30,742)		42,904
Cash and cash equivalents at the start ofthe year				183,484		140,580
Cash and cash equivalents at the end	ofthe year		g	152,742	g	183,484
Cash and cash equivalents at 31stMarch consists of:
Cash at bank			g	152,742	g	183,484

	FOR THK YEAR ENDED 31MARCH 20	FOR THK YEAR ENDED 31MARCH 20	FOR THK YEAR ENDED 31MARCH 20	FOR THK YEAR ENDED 31MARCH 20	23
2	EXPENDITURE ON CHARITABLE ACTIVITIKSr
					2023		2022
	Grant to 1stThe Queen's		Dragoon Guards:
	Principal Grant to the Regiment			for the year	48,494		44,484
	Incidental additional grants		to the Regiment
	Total grant to the Regiment		for	the year	48,494		44,484
	Benevolent grants, wreaths		and	funeral costs paid	22,763		9,154
	Expenditure on functions/special			occasions etc	17,451		12,323
	Christmas hampers				127		6,550
	Advertising &Sponsorships				673		1,500
	Regimental Journals				8,479		5,175
	Donations				150		950
	Maintenance ofHeritage	assets			11,844		9,641
	Bad debt written off				6,000
	Cost ofshop sales				11,366		15,228
	Governance costs:
	Accountancy fees				1,625		1,300
	Independent Examiner's	fees			625		500
	Secretary's Honorarium				2,750		2,750
	TOTAL EXPENDITURE		ON CHARITABLE ACTIVITIES		132,347	f.	109,555
3	OTHER EXPENDITURE
					2023		2022
	Subscriptions				370		370
	Postage &I.T.				2,224		2,754
	Internet				318		313
	QDG Connect				26,250
	Bank charges				189		179
	Sundry expenditure				2,378		2,299
	TOTAL OTHER EXPENDITURE				31,729	g	5,915
4	HERITAGE ASSETS
	At valuation/cost (see note		1.3 on page 8)		2023		2022
					I,
	At start ofyear				1,166,408		1,159,868
	Gitted during the year				0
	Purchased in year				8,055		6,540
	At end ofyear				1,174,463	g	1,166,408

BlackRock Armed Forces Armed Forces Charities Growth and Income Fund:	BlackRock Armed Forces Armed Forces Charities Growth and Income Fund:
		2023		2022
	Units			6
Account Number 0004386436:Income units
Market Value at start ofthe year	837,976.850	2,035,871		1,923,157
Purchases	11,156.172	25,000
Increase/(decrease) in value		217,906		112,715
	849,133.022	1,842,965		2,035,872
Account Number 0004387522: Accumulation	units
Market Value at start ofthe year	109,663.190	512,730		468,591
Accumulated distributions		16,677		13,450
Increase/(decrease) in value		(54,109)		30,689
	109,663.190	475,298		512,730
Total Market Value at31March		8 2,318,263	8	2,548,602