2024-12-31-accounts - Grenadier Guards Association

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`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`