2024-12-31-accounts

LegalandAdministrativeinformation
Reportof theTrustees
IndependentExaminer’sreport
Statementoffinancialactivities
Balancesheet
Notestothefinancialstatements
Detailedincome
Detailedexpenditure	16-17

Trustees	MajorGeneral J M	HBowderOBE	HBowderOBE	HBowderOBE
	GeneralSirRolyWalkerKCBDSO				ADCGen
	LieutenantGeneral		SirGeorgeNortonKCVO,CBE
	Brigadier D J HMaddanDL
	CaptainC A G Bennett
	TheRtHonTheEarl			ofDerby,DL
GeneralSecretary
andTreasurer	LieutenantColonel		J	AKeeleyMBE
RegisteredCharity
Number	287265
Address	WellingtonBarracks
	BirdcageWalk
	LondonSWIE6HQ
IndependentExaminer	CaraTurtington	FCA		DChA	Solicitors	WrigleysSolicitorsLLP
	SafferyLLP					19CookridgeStreet
	71QueenVictoria		Street
	LondonEC4V4BE
						LeedsLS23AG
Bankers	LloydsBankPlc				Investment	CazenoveCapital
	Cox’s& King’s				managers	Management
	PO Box1000					12MoorgateLondon
	Andover					EC2R6DA
	BX11LT

Unrestrictedfunds	Note	2024	2023
		£	£
Incomefrom:
Donationsandsubscriptions		140,986	131,108
Legacies		40,500	75,520
Investmentincome Salesofgoods		42,084 28,432	37,210 28,513
Totalincome		252,002	272,351
Expenditureon:
Raisingfunds	2	44,250	39,421
Charitableactivities	3	237,244	282,879
Totalexpenditure		(281,494)	(322,300)
Net(expenditure)forthe yearbeforeinvestment(losses)/gains		(29,492)	(49,949)
Otherrecognised(losses)andgains
Netgain/(losses)oninvestments		183,894	97,413
Netmovementinfunds		154,402	47,464
Balancesbroughtforward		2,399,565	2,352,101
Balancescarriedforward		2,553,967	2,399,565

2	Costofraisingfunds
		2024	2023
		£	£
	Costofgoodssold	28,508	24,763
	Investmentmanagementfees	15,742	14,658
		44,250	39,421
3	Charitableactivities
		2024	2023
		£	£
	Welfaregrants	63,185	88,403
	Associationevents	96,872	117,931
	Supportcosts	77,187	76,545
		237,244	282,879
	Auditor’sremuneration
	TheIndependentExaminationin2024attracteda fee	of£5,500,whereas,thefullauditin2023attracted
	afeeof£11,440.Boththesefiguresarenet ofVATwhereas,allotheritemsofexpenditure		areinclusive
	ofVAT.
4	Tangiblefixedassets
		Office	&display
			equipment
			£
	Cost
	At 1January2024		13,813
	Additions		999
	Disposals		(6,402)
	At31December2024		8,410
	Depreciation
	At1 January2024		10,133
	Chargefortheyear		1,214
	Disposals		(4,242)
	At31December2024		7,105
	Netbookvalue
	At31December2024		1,305
	At31December2023		3,680

						2024	2023
						£	£
Marketvalue
At 1January2024						2,040,905	1,861,326
Additions						641,104	831,680
Disposals						(667,842)	(749,514)
Netinvestment(losses)/gains						183,893	97,413
At31December2024						2,198,060	2,040,905
Cash						65,100	86,814
Totalinvestmentsasat31December	2024					2,263,160	2,127,719
			2024
	Cost			Market		Cost	Market
				value			value
	£			£		£	£
FixedInterest
UnitedKingdom	241,368			245,804		234,839	240,552
EmergingMarkets
EmergingMarkets	11,815			13,008		38,660	41,650
Equities
UnitedKingdom	47,953			52,611		47,953	48,104
NorthAmerica	598,434			788,535		387,031	$50,259
ContinentalEurope	58,610			57,326		12,112	12,176
FarEast	159,022			174,631		108,700	112,483
EmergingMarkets	74,793			67,599		73,162	66,992
Global	403,824			473,770		493,841	$48,513
PortfolioFunds
PortfolioFunds		-		-		11,815	12,327
HedgeFunds
OtherInternational	326,547			324,776		395,807	400,155
Cash
UnitedKingdom	65,100			65,100		86,814	86,814
Otherinvestments		-			-	7,694	7,694
Total	1,987,466			2,263,160		1,898,428	2,127,719