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





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|`Trustees`|`MajorGeneral`<br>`J`<br>`M`|`HBowderOBE`|`HBowderOBE`|`HBowderOBE`|||
|---|---|---|---|---|---|---|
||`GeneralSirRolyWalkerKCBDSO`||||`ADCGen`||
||`LieutenantGeneral`||`SirGeorgeNortonKCVO,CBE`||||
||`Brigadier`<br>`D`<br>`J`<br>`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`||||||





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|`Unrestrictedfunds`|`Note`|`2024`|`2023`|
|---|---|---|---|
|||`£`|`£`|
|`Incomefrom:`||||
|`Donationsandsubscriptions`||`140,986`|`131,108`|
|`Legacies`||`40,500`|`75,520`|
|`Investmentincome`<br>`Salesofgoods`||`42,084`<br>`28,432`|`37,210`<br>`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`<br>`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`|





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|`2`|`Costofraisingfunds`|||
|---|---|---|---|
|||`2024`|`2023`|
|||`£`|`£`|
||`Costofgoodssold`|`28,508`|`24,763`|
||`Investmentmanagementfees`|<br>`15,742`|<br>`14,658`|
|||<br>`44,250`|<br>`39,421`|
|`3`|`Charitableactivities`|||
|||`2024`|`2023`|
|||`£`|`£`|
||`Welfaregrants`|`63,185`|`88,403`|
||`Associationevents`|`96,872`|`117,931`|
||`Supportcosts`|<br>`77,187`|<br>`76,545`|
|||`237,244`<br>|`282,879`<br>|
||`Auditor’sremuneration`|||
||`TheIndependentExaminationin2024attracteda fee`|`of£5,500,whereas,thefullauditin2023attracted`||
||`afeeof£11,440.Boththesefiguresarenet ofVATwhereas,allotheritemsofexpenditure`||`areinclusive`|
||`ofVAT.`|||
|`4`|`Tangiblefixedassets`|||
|||`Office`|<br>`&display`|
||||`equipment`|
||||`£`|
||`Cost`|||
||`At`<br>`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`<br>||`3,680`<br>|





|||||||`2024`|`2023`|
|---|---|---|---|---|---|---|---|
|||||||`£`|`£`|
|`Marketvalue`||||||||
|`At`<br>`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`||||||<br>`2,198,060`|<br>`2,040,905`|
|`Cash`||||||`65,100`|`86,814`|
|`Totalinvestmentsasat31December`|`2024`|||||<br> <br>`2,263,160`|<br> <br>`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`|<br>`1,987,466`<br>|<br> <br>|<br>|<br>`2,263,160`<br>|<br> <br>|<br>`1,898,428`<br>|<br>`2,127,719`<br>|





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