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 Ma￿h 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•gl*t•r•d ¢h•rtty narn•
Th8 Reglmenlal Charfty of thfr Rty81 Drngoon G￿rdS
Charfty r•gl•tratlon numb•r
1012766
Prfn¢lp•l offlc•
R￿71 Drag￿n 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 m￿1¥￿8n•
Lt Cd M P Morristsey M8E
W01 {RSMI M Fogt•r
SFBest
J Rotert#on
R J M*llar
Maj Gen TJ 88toman CBE
N C T Millen OBE
S Pendry DL
(Apw4ntod 3 20241
3 Augutst 20241
{R￿ned 3 Aug￿1 20241
(Rejbnod 30 Now•m￿l 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 p￿￿Y
The trustees have oxamined tho major strategic, business and opP￿tilY)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
Drag￿n Guards (The R&Jimentl by.-
al rdknvlng, elI￿r g•nwdty or Ind￿￿tuallY. momb•r8 of NA￿dat￿ or past and pro￿nt soplThJ
momb8rs of th8 Royal Dragom GLwd3 or its pred￿e$S0r ￿34m•n￿, are in condrfons ol dlne$$,
need, h8rdship or distrw: bl maintaining conlact be￿￿en 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 a￿1 pr8s8Nlng it8 tradIts￿$.
T￿ trust•o8 may appty to U8e the 8$8èts crfThg Assod8th)n to the ob5•cts of th• Ch•rty.
11) In making bgnovojonl grants to memb•rs of Tho A3sc¢lakn to other Charltt88 ￿. In th•lr
oplnbn. assist m•mb8rs eithor dl• or Sndiredy. 12) to make paynonts in support of The
R8gim&nL 131 to support the orpnl88lk)n of func1b)￿ WKI rnunknii ￿￿..(4) 10 8UPWt annual
public4tion of Rogimental Journals.
Aehlv4•m•nts Ind p•rforni*nc•
Durfng thi8 roportiw Por￿ tho Tr￿te￿ have a88ets to m•ot an of thè ch•rlU8s obJ8ctW as ael
OLrt ab)¥*.
ATra8 of knvestrn￿t and 8UPWt B•nMknc• Grants to h￿p allwl4t8 h#rd8hlp for m6mLws
of the Rgglm•nt and th&lr famllkn. Grants pald to Servu Charlt*s that support them in th& deliV￿Y
and resolution of c8seMnrk. Pmiding F*)$￿ oulcfjmos for our sold￿rS, 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 Inch￿0 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>xtinu*J to Support 8 broad range crf acl¥ll•8 acros8 tho Roglmonlal Famlty.
Exampl8s indudo Reuni¢)n Dlnners al Blac*pcd. 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 supr*Jt 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 tr*lng the Le8d Regim8nl for the 1LTh)th Annr¥grsary Parade
May 24. Servw at Lepe and Norniandy. indudirrfj t￿nts at Creully. Verigres and ￿r￿je¥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 fo￿n*t6 to raceNe a number Lega¢ig5. That have alkiw&J 1¢ to grtr
resorv•s whi18 ana￿thg 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 COn￿N•t￿)n aTha r￿lO￿ti￿ of ts hlstorkal col*tionB.

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. T*hk* •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 gr￿1
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
Exwn*Jtture on fvnd•.'
c￿1* CO r￿￿'n¥ donatro •nd
EyndituT• on th•rbi•bl• •c¥￿U••
Totsl •Xp•fid￿Un
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
GaIn￿1￿m•*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¢lIl￿O￿ 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 P￿ItIon
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• t￿rIty
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• I￿nert 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•
tL*Von, 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•rK*I R•portrq Sl•ThJ•r(I WFdk4bl• In UK Rryl>k (rf Ir•1￿ IFRS 11fdi ICl*lU••
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•fv*d kn FRS 102. 14th.
nt4g• h4J 1&k￿ cl the fdknblng diack*ur• •x•mpUtsM avai￿￿ und•r p•rnJW 1.12
of FRS 102.'10l No ¢￿h flw Statom￿t b•gn pr•s•ntsd lor lh• ts)mpany.
(bl D+4dNw•s kn r••p•¢% ¢* fin•nd•l IMiiumeni# nat b••n
#rg ￿n￿nUalty and are bo8ad on experknru and oth•r fKlw•. I￿lI¥j •xp8c*akn rf
Fund a¢Muntlng
eharity# purpx.
Ihrough the terrn of an appeal. and on• of Su￿1¥$$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• IrK*Jd•d In th• It•l￿t of fln8￿￿￿ •cltr*ld•• •nd11•m￿t h••
ow to tho Cha￿ and the •mtyJN C4n b• I•l￿b￿ m•uurthJ. Th• •p•dfi¢ ¥•
9hl, r•edpt l• prcknth tt• an￿￿nI can b• rn•••ur•J r•l•*.
IrKxxn• from th%)•t•d Val￿ of th• 900th w*kn•• th1• Ib
Imprndc41 lo me••ur• r￿knbty, in whkh CM• th• valu• ￿ d*N•d llom Ih• crAt
Qf th• a•OrnaknJ rfj••￿ ¥￿U8. fa¢dlOM and ••rvkts •r• r•cooni••J in th• *Cc￿j￿tr
•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 tsjntrxt￿I
TwuLr•m￿t ￿ 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 fair￿1￿0 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•id￿￿T•. Whrtr
Impr•cUcabl• to mM•ur• hlr valug r•liW wIt￿ul und￿1 co•t ty •ffryl. c¢•t mod•l b•
8ft•r lh• d•1* ol wul*ltkn).
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• m￿vr•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
C*h•r flnwthl In•tnJm•nts, ￿￿1￿11ng 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• m￿ul•d at th¢ pr•••nt y￿u• al th• I
Pa￿￿#nI# dlKoJntsd #t • mwk•t r•t• ol Int•r••t fty • In*un
Oth•r fln•ndal In8trurn•nts •r• •ub••q• m•awrnd •t 141r Val￿, any rhng•1
r•ctsJnlMd In Itatem￿l crf fin•ncW PLbkn"ts•. •xwillon d h*r¥J In•lnrnt8 in •
d••kJnaknJ *lng r•10t￿rnhI
Flmndttl ••••ts tmt ar• m•a8ur•d It ct•t c* •M￿￿d fX*t •r• r•¥1*￿￿ for c**J•clfv•
Imylnn•nl at th• •nd of ￿Ch r•pthffj dat•. Ir Ih•rn •¥kI￿c• cl Imp*rThnt, •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 Irt￿P•d iknllwr cr•dit rok #wact•rf•tk¥.
rn8utt In • amount d th• TNnCI￿ •18th •X￿￿• **tht th• e4rrslr4 •Ir￿Irt
Fur
2024
Fun
l)on*ion•
sub$¢rf￿ G￿r
SOT & ODPS
Cknath?n$
Amy Museum Grnnt InAJd
Reuni¢)n ROC￿pts
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•8kn*t 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••tr*tth1 Funds
Fw
Fur
101.027
101.027
UrrnlrtL* T￿1 Fund• Trrt41 FuwKI•
Fur
2024
Fund•
2023
8253
15,1C
15.100
Fw• p•y*bl• 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.
11. 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
CIff￿n5 *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 ¢h*ll•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•tr￿a•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 A￿M￿
Y••r •nd•d 31 IA1￿h 2024
IneoThv4 and •￿d0￿1¥
Oon•llon• l•g•¢1••
Su08CrtPik)n• G•néral
SOT & ODPS
t%Jnal1
Army ML¢seum Gr•nt In A41
R•unkn
m￿h1nd1￿
15.840
42.387
107.310
22.751
18.537
51,953
147.825
0265
217.404
In¥••In￿nI I￿oM•
T•tal Incorn•
221.1
210.S38
Co•1• ol rnl•lnq don*ttoM •nd l•q•d
Rgglmontal H•dlAg8 Tr￿t
Grant$ Pald
Wr8alh• & M•mc¥*l#
Roun1c￿l Exp•nd4tur•
H•rftagg
Home HQ
8•nevd¢nc•
M•r¢h￿dIs• 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
I￿￿ranC
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 hg*d••
R•glm•ntal H•rt*• TnJ•t
Gr8nls Pald
Wr•alh• & MomorS•11
R•unle￿8 Exp•ndthr•
H•rlt
H¢)m• HQ
8•nevd•rK•
M•rch4ndh• Purt*w•
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,
1322*J
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