CHARtrY REGLSTIIATION NUMBER: 1012766 The Regimental Charlty of the Royal Dragoon Guards Unaudited Financial Statements 31 March 2024 Chartered accountsnts Unit 1. Borough House Business Centre. 5 Borough Road, Richmond. North Yorkshire DL10 4SX
The Reglmental Charity of the Royal Dragoon Guards Trust•os' Annual Report Year ondod 31 Mah 2024 The trustees près8nt thdr T8Wrt aThJ th• unaud1 finandal Statomwts crf the tharlty th• 31 March 2024. R•f•r•n¢• •nd admlnl•tr•th• d•t•ll• R•glt•r•d ¢h•rtty narn• Th8 Reglmenlal Charfty of thfr Rty81 Drngoon GrdS Charfty r•gl•tratlon numb•r 1012766 Prfn¢lp•l offlc• R71 Dragn Guards R&3lmthital PAsod•Von 3 TcAV8T Str••t Ycrt Y019S8 Th• tru•t• J S A Carr.Smith Maj IR8td} G M Gro8n Mal Gon T D Hyams C8 08E C Cuss Lt Cd H Camphll Smfth MBE N Read P m1¥8n• Lt Cd M P Morristsey M8E W01 {RSMI M Fogt•r SFBest J Rotert#on R J Mllar Maj Gen TJ 88toman CBE N C T Millen OBE S Pendry DL (Apw4ntod 3 20241 3 Augutst 20241 {Rned 3 Aug1 20241 (Rejbnod 30 Now•ml 20231 (R•svJnod 3 August 20241 IR•8Y4n•d 3 A(wu8t 20241 (A¥Jwntod 3 August 20241 (App)In¢•d 3 August 20241 {N>poknt•d 30 Nowmb•r 2023) IrMl•p•nd•nt •x•mln•r RICr*+ Unit 1, Boffjugh Houge Buslrw C•ntr•. S Btxough Road. RKhmond, North Yorkth DL10 4SX Structur•. go¥•M•n Ind man•g•ftMnt The ChaTIty L8 admlnl8tr•ted by a ¢ommltyo9 of trust08s ¥rt are Ilthd alKN•. Non ex offioo trust arn •ppc4nt•J •t th8 Annual G8n8ral M80trNd ganISatIOn. Rl8k pY The trustees have oxamined tho major strategic, business and opPtilY)81 rl$k$ whlch the charlty faces and confirm that systems have téen gstsblthod to enable reguL4r reFQrts to be produced so that the ne¢ary steps can be taken to Se Ihese risks.
The Reglmental Charity of the Royal Dragoon Guards Flnancial Statements Yoar ended 31 March 2024 Paga Trustees, annual report Independent examinetrs report to the tNstees ststement of financial actlmties Statement of financial position Notes to the financial ststements The followlng pages do not forni part of the flnanclal ststsments Detailed statement of financigl actiwtie8 Notes to the detailed statement of financial activits'es 14 15
The Reglmental Charlty of the Royal Dragoon Guards Trustees. Annual Report Year anded 31 March 2024 ObJ•¢tlv•• and actlvlll•• The object of ths Charlty is: to promote of lh8 hThed Forcos and In parlicular Rwl Dragn Guards (The R&Jimentl by.- al rdknvlng, elIr g•nwdty or IndtuallY. momb•r8 of NAdat or past and pront soplThJ momb8rs of th8 Royal Dragom GLwd3 or its prede$S0r 34m•n, are in condrfons ol dlne$$, need, h8rdship or distrw: bl maintaining conlact been past and present m&mb8r8 Of Tha R&Jimtnt and allled associations, foslerlng o)mmunuticfj and mutual friondshlp ts¥80n them and provlding for sccial gathorings for them.. cl fostering 08prft do CfKPB. comrade8hlp tho wetfare ol The Reglment and malnlaining a1 pr8s8Nlng it8 tradIts$. T trust•o8 may appty to U8e the 8$8èts crfThg Assod8th)n to the ob5•cts of th• Ch•rty. 11) In making bgnovojonl grants to memb•rs of Tho A3sc¢lakn to other Charltt88 . In th•lr oplnbn. assist m•mb8rs eithor dl• or Sndiredy. 12) to make paynonts in support of The R8gim&nL 131 to support the orpnl88lk)n of func1b) WKI rnunknii ..(4) 10 8UPWt annual public4tion of Rogimental Journals. Aehlv4•m•nts Ind p•rforninc• Durfng thi8 roportiw Por tho Trte have a88ets to m•ot an of thè ch•rlU8s obJ8ctW as ael OLrt ab)¥. ATra8 of knvestrnt and 8UPWt B•nMknc• Grants to hp allwl4t8 h#rd8hlp for m6mLws of the Rgglm•nt and th&lr famllkn. Grants pald to Servu Charlts that support them in th& deliVY and resolution of c8seMnrk. Pmiding F)$ oulcfjmos for our soldrS, vatgrans and thalr fomilw. An Annual Gr8nl18 made diwty to the Regimgnt. to help improvo the Iwad exwrient of our soldi8r8 and their famil. Partkularty in those ar89s vtharo th• MOD has roducod ts funding and support to previously publlc fttn¢Jod costs and aclv1118s. èxampl8s of th18 Inch0 transport. sport. advontw• training c•r¢monial and hentap. wt of sLw• (x)mpas8lonate trnval and partklpakn In c#tha events. Both nauonalty aNJ overstss. Th• Ch•rty ha8 4>xtinuJ to Support 8 broad range crf acl¥ll•8 acros8 tho Roglmonlal Famlty. Exampl8s indudo Reuni¢)n Dlnners al Blacpcd. Oxford. Northem Irejand and London. Sporting evènts mo81 notsbly lh• Zamtelli and Enntskilkn Trophle8. charty Supportad actbwllès towards th Funeral of Hgr Malosty ts Qutsn and tha Coronatil of MaJ88ty Iho ng. While continulng to Support Cathartic •vents in suprJt ol its membws and tholr fom4$ as well as Oal88 Sunday in York. Sludland In In Dornet. ¥here a new Memorlal was Instslbd in proparation fof D Day 80 Events. Cavolry Memorial Weekend, ¥th thè Regiment trlng the Le8d Regim8nl for the 1LTh)th Annr¥grsary Parade May 24. Servw at Lepe and Norniandy. indudirrfj tnts at Creully. Verigres and rje¥re8. Lator In the year Remgmbrance acbvrb•s across th8 Nation vAre SUPFQrted. notabty In York. Enniskllkn and al Cemtsph In Lorrtkn. Finalty. The Charity has baon font6 to raceNe a number Lega¢ig5. That have alkiw&J 1¢ to grtr resorv•s whi18 anathg addlbonal investment In areas that promote and sustain Ethos, Comrado8hlp and H8rttagt. Tha Charity con1nu to publish tho Regimanlal Joumal and invest in the digitisation of archivas ar the COnN•t)n aTha rlOti of ts hlstorkal coltionB.
The Reglmentsl Charlty of th? Royal Drag{ Guards Trust••s' Annual R•port(wth Y•ar •nd•d 31 March 2024 In¥••bn•nl• •nd prowrty UK #• fiL It th• ehar6ty kn m•irrtaN) unr•stthl•d funds. Thk •r• r•8•r¥M olth• L*wfty. •1 Grnnt makirvJ rAlky Cr•dtr p8>Tnwrt po total £229.911 or#J Invest •r• rv• v•lU at £1.711.738. I)re th• Tr) WThwbn•nt IrL¢xM J S A C•rr-Sr IR8#1) G
Tho Reglmenlal Charlty ol th• Roydl Dragoon Guards Ind•p•ndent Examln•rfs Report to th• Tru•t•M of Th• R•glm•nlal Ch•rlty of tho Royal Drag¢)on Guards Y•ar •ndod 31 March 2024 Rwl Drawi Guards llh• tr) ftr •ThJ•J 31 M•rth 2024. of Ihe 2011 N£t arhl my gx•rnvth I ftkn•J al blè aFvluble gr1 byth• thity Comml••knn 145(SXbl dthb A RICr* Norlh Y¢xkJhire DL10&8X
Tho Reglm•ntsl Charfty ol th• Royal Dragoon Guards 8l•t•mont of Flnanclal ktmu Y•ar •nd•d 31 March 2024 fiKKl# Tothl fvnd• Toi•b fvnd• In¢om• and •ndornl• 217,404 217.404 3.7C Imig•tm•nt Intthn• Tot41 Inwn• 221.109 221,1 210.$36 Exp•ndSturn ExwnJtture on fvnd•.' c1 CO r'n¥ donatro •nd EyndituT• on th•rbi•bl• •c¥U•• Totsl •Xp•fidUn 132,230 132.2>) 8253 138,483 101,IY27 15,1¢y> 116.127 138.483 N•t Ine•m• 82.828 82,820 94.409 GaIn1m•I from lU•ll0n Ilx•d •u•l N•t mo¥•m•nl In fvnd• 229,911 311537 229.911 143.4451 312A37 R•¢on¢lIlO of fvnd• To¢al funds brought forwa Tol•l fvnd# ffI•d l•tWW 1.688.521 1,688.S21 1001,05e 1001,OJ8 i.e37,557 1,888.S21
The R•glmonlal Charlty of the Royal Dragoon Guards 8tat•m•nl of Flnan¢lal PItIon 31 March 2024 Flx•d •1• InvMlm•n 1.711,n8 1.481,827 ¢urr•nt a•••ts C••h at bank h•r¥J 289.320 kn.094 289.320 2,694 2.1)Jl,056 i.e88.521 Totsi ••Ml• l•M curr•nt Il•blllll•• Fund• of th• trIty Unr••trkled lund•'. A•Val¥tk rn••r Other unre•trfcl•d In¢tyn• Tot•1 unr••trb¢t•d fvn Totsl ¢hartty fvnd• 738.074 gJ8.163 1282,984 1,180,358 2.1.05$ 1,688.S21 12 2.TrJ1.056 1,688.521 Nov•mbor 2024. ThJ ar• Inert on behaifof rd by. J S A C•rr-8mlth TnJ•t•• IR•*J}G M Gr
Th• R•glm•ntal Charlty ol tho Royal Dragoon Guards Not•• lo th• Flnanclal Sl•t•m•nt• Y•ar •nd•d 31 March 2024 Th• ¢h•ity * * pubk b•rrtfft •ntsty •fKI • Erwrffj •rvJ W•kn• ThJ l• tLVon, 3 Ttr4v•r Str••L York. Y019S8. R•pothg Sl8nd•ryl •pF4kabkn in lh• UK and IT•tsntt. IM St•t•m•nt ol Fln•rKI R•portrq Sl•ThJ•r(I WFdk4bl• In UK Rryl>k (rf Ir•1 IFRS 11fdi ICllU•• SORP IFRS 10211 •nd lh• Ch•rlil•# 2011. Ba•1• ol pr•p•rnllon v•lu• 1hrOu Inccffl• or •xK•TrJnur•. aolng con¢•rn DIKlwuv• •x•mpll¢m• T •nlty d•fvd kn FRS 102. 14th. nt4g• h4J 1&k cl the fdknblng diackur• •x•mpUtsM avai und•r p•rnJW 1.12 of FRS 102.'10l No ¢h flw Statomt b•gn pr•s•ntsd lor lh• ts)mpany. (bl D+4dNw•s kn r••p•¢% ¢* fin•nd•l IMiiumeni# nat b••n
rg nnUalty and are bo8ad on experknru and oth•r fKlw•. IlI¥j •xp8c*akn rf
Fund a¢Muntlng eharity# purpx. Ihrough the terrn of an appeal. and on• of Su1¥$$8*.. rnstrici•J incthThi
The R•glmental Charlty of tho Royal Drngoon Guard• Not•8 10 th• Flnanelal Stst•m•nts Y••r •nd•d 31 March 2024 I IncL¥nlw r•wJrc•8 ir• IrKJd•d In th• It•lt of fln8 •cltrld•• •nd11•mt h•• ow to tho Cha and the •mtyJN C4n b• I•lb m•uurthJ. Th• •p•dfi¢ ¥• 9hl, r•edpt l• prcknth tt• annI can b• rn•••ur•J r•l•. IrKxxn• from th%)•t•d Val of th• 900th wkn•• th1• Ib Imprndc41 lo me••ur• rknbty, in whkh CM• th• valu• dN•d llom Ih• crAt Qf th• a•OrnaknJ rfj•• ¥U8. fa¢dlOM and ••rvkts •r• r•cooni••J in th• Ccjtr •n lh• v•lu• can b• tsty m•uurwJ. No •m# ar• tr ontr•ct•a MThlt•. Thth * clths8W unr••irlet•J fvnd• thw• ré a tsjntrxtI TwuLr•mt rt 10 b• •p•nt on • pwpo•• VAT e•nnot t• fulty r•cthwwJ, aThJ l• dMdf•J (rf IM of fln•ndal aebW•8 to it rd*s'. walue. If fair10 eanTr)t ba M[j. 48•8ts arn mao•Lrnd at cixt kn• ImF4irm trKom• or gXFK8ndrfure.
The Reglm•ntal Charlty of th• Royal Dragoon Guards Not••40 th• Flnan¢l•l Sl•t•m•nts Y•ar •nd•d 31 M•rch 2024 rKorded at tm trarwctkn ylc•. Al r•porfThJ tlth. lh• knve•trn•nts •r• m•bur•J •t Wr v•lue, vllh ch•ryw kn fltr v•lu• t•kthi IhnJu9h i)M• ty •xp•nthir•. Whv• It ll Impr•o¥Jc•bl• to m•uurn f•lr v•lu• or 8ficrt. ts ¢))Jt ll b• dopt•a. •ftgr lh• d•t• d •cqtlBllhJn. I{m•n In Jolnt ¥•nlur•• Inv•8tsn•nl• Irf Jc4nty contrdlod •n¥O•8 acc•unknJ lor th •cc4Yd•TV ¥Ath th• f•lr v•lue mod•l •r• fvlr v•lu•. wlth ¢hwg•b kn f•lr tsk•n through K4)rn• w W•idT•. Whrtr Impr•cUcabl• to mM•ur• hlr valug r•liW wItul und1 co•t ty •ffryl. c¢•t mod•l b• 8ft•r lh• d•1 ol wulltkn). A fln•ndal l•l or a fkn•nd•l IL?lIty * r•wW ¢ytytAth th• d•ity bKaxrw• • pwfyto tr Where IrNe8kn•nts Thi sh•r•s are wblkty traded thelr lolr c•n 0th8rwh• b• mvr•j relL8tsty, the inv•stsn8nt Is gubwu•nty m•asur•J ai fair Val wllh L*ang88 in falr value t W Impairmeftt.
Th• R•glm•ntal Charlty of th• Royal Dragoon Guards Not•• to th• Flnanelal Stal•m•nts Y•ar •nd•d 31 M•rch 2024 Ch•r flnwthl In•tnJm•nts, 111ng d•rIv•th. w• r•toJn•d at ¥V•, unkx• p•yn•nt for an ¢J•f•rr•d rmMI torm8 or flnanc•d at a rnto of Intw••t that 18 r•)t a rnark•t rnt•, c•s• th• 8#•t i• mul•d at th¢ pr•••nt yu• al th• I Pa#nI# dlKoJntsd #t • mwk•t r•t• ol Int•r••t fty • Inun Oth•r fln•ndal In8trurn•nts •r• •ub••q• m•awrnd •t 141r Val, any rhng•1 r•ctsJnlMd In Itateml crf fin•ncW PLbkn"ts•. •xwillon d hr¥J In•lnrnt8 in • d••kJnaknJ lng r•10trnhI Flmndttl ••••ts tmt ar• m•a8ur•d It ct•t c •Md fXt •r• r•¥1 for cJ•clfv• Imylnn•nl at th• •nd of Ch r•pthffj dat•. Ir Ih•rn •¥kIc• cl ImprThnt, •n tMtk In ¥thkh lh• In# q•ln rwnl••d. Indlvldu•lty •linlllc•nt, Ih•M •r• au•M•d tr¥lMdualty for Imp•lim•nt. Oywr flnandal ••Mt• •1thor a8w•••J af IrtP•d iknllwr cr•dit rok #wact•rf•tk¥. rn8utt In • amount d th• TNnCI •18th •X• tht th• e4rrslr4 •IrIrt Fur 2024 Fun l)onion• sub$¢rf Gr SOT & ODPS Cknath?n$ Amy Museum Grnnt InAJd Reuni¢)n ROCpts Mwchandthe Sa 11.341 51,953 147,825 11.341 51.953 147,825 1S.840 42,7 107.310 22.751 18,$37 3,189 15.640 42.367 107.310 22.7S1 18.537 3.189 8285 217.404 217.404 FuTrJB 2024 Fur 2023 Inv•8knt Inmmè 732 10
Tho Reglm•ntal Charfty ol the Royal Dragoon Guards Nots to th• Flnanclal Stat•m•nts Y•ar •nd•d 31 March 2024 Coth of rnl•lng donallom •nd1•gm¢l•• Ur¥••trh#•J Totsl UrY••trtth1 Funds Fw Fur 101.027 101.027 UrrnlrtL T1 Fund• Trrt41 FuwKI• Fur 2024 Fund• 2023 8253 15,1C 15.100 Fw• p•ybl• to th• (r•p•I•nl •x•mkn•rtr. Ir#J•F•nd•nt •xamlna#on ol fffwncfj•l •t•t•mw Th• v•r•g• rx#Jnt olwnplm•• ththrq th• )•ww Nl12023'. NI).
lao th• c4•• In tm >••r.
- Inv••tm•nts At1Apri12 dkn"o Fair valu8 movem8nl8 1.481.827 229.911 Al 31 March 2024 1,711.738 Imp•lmi•nt At 1 2023 and 31 IA•rth 2024 CIffn5 *mourrt At 31 M4r¢h 2024 1,711.738 1.481.827 At 31 Marth 2023 11
Th• R•glmenlal Charlty of th• Royal Dragoon Guards Notm to th• Flnanclal 8t•t•m•nts i• Year •nd•d 31 March 2024 FInand hdd It lu• Th• v•lu• •t•m kn th• m••t •t tr• s•w •rKI trh• Trul1 b• • fdr lu•. 11 An•h of ¢hll•bl•fvn wwJ31 IA•r¢h 202 G•n•r frJThJi R•valuakn r••w•* 1.180,358 9)e.163 221.109 {138.483} 1262,984 738,074 2.1.059 229,911 229.911 1,888,521 22t.109 1138,4831 Gen•r fvr R•V•lUaik r•••p 1,OBS,949 551.e08 210.536 1116,1271 1,180.358 .183 143.4451 {43,4451 1.888.$21 1.637.557 210.S38 {116.1271 uM•tra•j Tat•l Fund• Fund• In¥•stmanl• 1,711,738 1.711.738 289.320 2.0)1.058 2.1,058 Urw•strktrA T¢rf•l Fund• 2023 Invesbnents Curyont assets 1.481.827 1.481.827 206.694 206.694 1,688,521 1.688.521 12
The R•glm•ntal Chartty of the Royal Dragoon Guards Manag•m•nl Infofmatlon Y•ar •nd•d 31 March 2024 13
Th• R•glrn•ntal Charlty ot Royal Dragoon Guards D•tall•d Stat•m•nt of Flnan¢l•l AM Y••r •nd•d 31 IA1h 2024 IneoThv4 and •d01¥ Oon•llon• l•g•¢1•• Su08CrtPik)n• G•néral SOT & ODPS t%Jnal1 Army ML¢seum Gr•nt In A41 R•unkn mh1nd1 15.840 42.387 107.310 22.751 18.537 51,953 147.825 0265 217.404 In¥••InnI IoM• T•tal Incorn• 221.1 210.S38 Co•1• ol rnl•lnq donttoM •nd l•q•d Rgglmontal H•dlAg8 Trt Grant$ Pald Wr8alh• & M•mc¥l# Roun1cl Exp•nd4tur• H•rftagg Home HQ 8•nevd¢nc• M•r¢hdIs• Pwchu NMA Merncff Museum IGLAI 2S.92S 1.6#5 1S.961 31.8n 11.033 37.029 376 3,717 28.412 17.785 22.7S1 10.484 132. 101.¢Y27 IranC 1.144 1,1 1,704 1,019 1.117 1.467 ExamlThgrn F•• T•l8phoThe. Prinfjw, P*• & 6.079 4.493 15.1 138.483 116.127 14
Th• Reglm•ntal Charlty of the Royal Dragoon Guards Not•• to th• D•tall•d St•l•m•nt of Flnanclal klm Y••r •nd•d 31 March 2024 Co•ts ol r¥l•lng and hgd•• R•glm•ntal H•rt• TnJ•t Gr8nls Pald Wr•alh• & MomorS•11 R•unle8 Exp•ndthr• H•rlt H¢)m• HQ 8•nevd•rK• M•rch4ndh• Purtw• NMA M•mcrflal oUrn IGIAI Colt of PrknUTrJ & AtX4 JLxwMI 25,925 2.578 3,717 26.412 15,9ef 31.873 11,033 37.029 376 S11 17.785 22.751 10.484 101, 1322J Co•1• al r•l•lng •nd l•#•EI•• 132230 101.027 Supporteo*ts In5ur8rK• 1.144 1,1 Ex•mlMrn F•• T•l•phofi•. Pvlnuw, & IT 1.487 1,019 8,079 4,493 82S3 62&3 15.1(XI