2021-12-31-accounts - Grenadier Guards Association

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14 April 2022
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`Unrestrictedfunds`	`Note`	`2021`	`2020`
		`£`	`£`
`Incomefrom:`
`Donationsandsubscriptions`		`91,812`	`81,460`
`Legacies`		`1,000`	`600`
`Investmentincome`		`22,923`	`28,777`
`Salesofgoods`		`18,199`	`22,326`
`Otherincome`		`-`	`-`
`Totalincome`		`133,934`	`133,163`
`Expenditureon:`
`Raisingfunds`	`2`	`28,409`	`32,131`
`Charitableactivities`	`3`	`148,490`	`104,834`
`Totalexpenditure`		`(176,899)`	`(136,965)`
`Net(expenditure)/incomeforthe`
`yearbeforeinvestmentgains/(losses)`		`(42,965)`	`(3,802)`
`Otherrecognisedgainsandlosses`
`Netgains/(losses)oninvestments`		`207,769`	`141,287`
`Netmovementinfunds`		`164,804`	`137,485`
`Balancesbroughtforward`		`2,484,698`	`2,347,213`
`Balancescarriedforward`		`2,649,502`	`2,484,698`

`2`	`Costofraisingfunds`
		`2021`	`2020`
		`£`	`£`
	`Costofgoodssold`	`12,563`	`18,501`
	`Investmentmanagementfees`	`15,846`	`13,630`
		`28,400`	`32,131`
`3`	`Charitableactivities`
		`2021`	`2020`
		`£`	`£`
	`Welfaregrants`	`50,588`	`56,545`
	`Associationevents`	`46,224`	`5,359`
	`Supportcosts`	`51,678`	`42,930`
		`148,490`	`104,834`
	`Auditor’sremuneration`
	`Theauditor’sremunerationconstitutedanauditfeeof`	`£6,775(2020:£6,300).`
`4`	`Tangiblefixedassets`
			`Office& display`
			`equipment`
			`£`
	`Cost`
	`At` `1January2021`		`12,501`
	`Additions`		`465`
	`At31December2021`		`12,966`
	`Depreciation`
	`At` `1January2021`		`8,561`
	`Chargefortheyear`		`474`
	`At31December2021`		`9,035`
	`Netbookvalue`
	`At31December2021`		`3,931`
	`At31December2020`		`3,940`

					`2021`	`2020`
					`£`	`£`
`Marketvalue`
`At` `1January2021`					`2,015,747`	`1,875,846`
`Additions`					`413,821`	`568,595`
`Disposals`					`(447,622)`	`(569,961)`
`Netinvestmentgains/(losses)`					`207,769`	`141,287`
`At31December2021`					`2,189,715`	`2,015,747`
`Cash`					`82,199`	`55,959`
`Totalinvestmentsasat31December`	`2021`				`2,271,914`	`2,071,706`
			`2021`
	`Cost`			`Market`	`Cost`	`Market`
				`value`		`value`
	`£`			`£`	`£`	`£`
`FixedInterest`
`UnitedKingdom`	`218,984`			`232,470`	`227,412`	`246,282`
`Equities`
`UnitedKingdom`	`216,796`			`267,655`	`223,309`	`242,122`
`NorthAmerica`	`255,480`			`434,115`	`272,611`	`400,838`
`ContinentalEurope`	`45,819`			`69,552`	`47,728`	`61,125`
`FarEast`	`81,572`			`99,853`	`99,641`	`132,567`
`EmergingMarkets`	`135,680`			`185,166`	`153,076`	`209,874`
`Global`	`347,496`			`433,801`	`241,036`	`293,458`
`PortfolioFunds`
`PortfolioFunds`		`-`		`-`	`-`	`-`
`HedgeFunds`
`OtherInternational`	`386,765`			`459,804`	`394,288`	`422,182`
`Cash`
`UnitedKingdom`	`82,199`			`82,199`	`55,959`	`55,959`
`Otherinvestments`	`7,299`			`7,299`	`7,299`	`7,299`
`Total`	`1,778,090`			`2,271,914`	`1,722,359`	`2,071,706`

	`2021`	`2020`
	`£`	`£`
`Accruals`	`21,636`	`17,331`


	`£`	`£`
`Non-investmentincome`
`SalesofAssociation goods`	`18,199`		`22,326`
`OtherIncome`
		`18,199`		`22,326`
`Incomefrominvestments`
`Investmentincomegross`	`22,871`		`28,669`
`Depositinterest`	`52`		`108`
		`22,923`		`28,777`
`Donationsandsubscriptions`
`Welfaregrantsfromregimentalfunds`	`30,000`		`50,004`
`Covenantsandgiftaid`	`3,080`		`3,271`
`Refundoftaxondonations`	`770`		`818`
`Non-covenantedorgiftaiddonations`	`8,407`		`11,785`
`Subscriptions`	`430`		`1,320`
`Christmasdraw`	`17,889`		`10,122`
`Christmasgifts`	`210`		`295`
`Branchevents`	`31,026`		`3,845`
`Recurring`	`91,812`		`81,460`
`Legacies`	`1,000`		`600`
`Non-recurring`	`1,000`		`600`
		`92,812`		`82,060`
`Totalincome`		`133,934`		`133,163`
`Recurringincome`		`132,934`		`132,563`
`Non-recurringincome`		`1,000`		`600`
		`133,934`		`133,163`


`Costofraisingfunds`
`Costsofgoodssold`
`Investmentmanagementfees`
		`28,409`		`32,131`
`Charitableactivities`
`Grantsanddonations:`
`Charitableallowancespaid` `Christmasgifts` `Welfaregrants` `Welfareexpenses`	`5,115` `5,817` `32,085` `3,590`		`5,620` `5,950` `35,641` `1,753`
	`46,607`		`48,964`
`Donations,wreathsandcrosses`	`3,981`		`7,581`
		`50,588`		`56,545`
`Associationevents:`
`GrenadierDayexpenses`	`318`
`RegimentalRemembranceDay`	`470`
`Branchdinnersofficialexpenses`	`349`
`Annualdinneranddance`	`26,286`
`Presentations`	`204`
`Other`	`18,597`
		`46,224`		`5,359`
`Carriedforward`		`125,221`		`94,035`


		`£`
`Broughtforward`		`125,221`
`Otherexpenditure`
`Supportcosts:`
`AGM,FinanceandCentralCommittee`	`5,976`		`1,804`
`Generaladministrativecostsin`
`Branches`	`550`		`608`
`Honoraria,pensionandtravelling`	`11,065`		`13,029`
`Insurance`	`903`		`824`
`Repairs,renewalsandmaintenance`	`543`		`867`
`Postage`	`2,520`		`2,187`
`Printing,stationeryandofficeexpenses`	`9,216`		`9,770`
`Legalcosts`
`Auditandaccountancy`	`19,442`		`12,464`
`Bankcharges`	`354`		`370`
`Depreciationoffixedassets`	`1,109`		`1,007`
		`51,678`		`42,930`
`Totalrecurringexpenditure`		`176,899`		`136,965`