Page 121 - Chronicle Vol 17

Income and expenditure on The Rifle Regimental Trust and The Rifles Officers Fund have also both risen. Income from investment portfolios has also increased as company dividends have recovered after a return to normal activities and events following the relaxation of rules imposed during under COVID.
THE RIFLES BENEVOLENCE TRUST (CHARITY NUMBER 1119071)
The Trust has, in addition to the main unrestricted funds, which incorporates the Care for Casualties (C4C) Funds, five restricted funds; The RGJ Ladies Guild, Green Jacket Close Fund, Peter Bateman Bursary, Joanne Booth-Mason Memorial Fund, and the Margaret Phillips Legacy Fund each of which deliver an element of benevolence support. The Fund also, as part of the unrestricted funds, underpins the Always a Rifleman Programme which seeks to support those with mental Health and PTSD issues and in-particular those on the verge of suicide and/or who have not yet been able to access NHS support or other support.
Income to the Trust during 2023 totalled £918,576 (£1,152.636). Of the income the unrestricted funds received £ 791,455 (£1,180,380) with the restricted funds receiving £127,301 (£83,256). This is represented by investment income to the of £356.374 (£306,640). In addition to subscriptions from officers and soldiers under the Day’s Pay Scheme totalled £131,500 (£131,299), C4C appeal income was £84,463 (£64,560), general donations £201,154 (£101,919) of which £175,000 was a donation from the “Antioch settlement” and legacies £37,916 (£484,216) and maintenance fees from “Green Jacket Close” of £68,342 (£63,164).
Expenditure from the main fund totalled £795,283 (£782,237), the majority of which, from unrestricted funds, £630,149 (£ 539,577) was in grants to individuals through RHQ; this includes £63,331 (£196,589) on Mental Health/PTSD counsel- ling mainly attributable to the Always a Rifleman Programme. Grants were made to support a total of 643 (620) cases and 5 (5) small pensions. In addition, £27,700 (£156,175) was spent supplying Tesco vouchers to those Riflemen who have iden- tified themselves in need. Grants to individuals from the restricted funds totalled £53,457 (£54,737) and the maintenance of Green Jacket Close properties totalled £68,342 £70,400). Battalions received welfare grants for general support to bat- talion personnel totalling £65,000 (£53,200) and a grant of £60,000 (£60,000) was made to ABF The Soldiers’ Charity, which supports many other service chari- ties assisting Riflemen, as well as our own beneficiaries in need of more support than we can give. Fundraising costs £10,711 (£1,438) and investment management fees £72,459 (£73,864) and other support and governance costs totalled £89,254 (£88,984). Analysis of the elements of the Regiment requesting support is in the table below it should be noted that it records the last Regiment in which the appli- cant served:
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