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|||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|
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|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|||
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||||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|
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|||||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|
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||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|
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|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|