CHARITY REGISTRATION NO. 1037208
THE ROYAL ARMY VETERINARY CORPS
WELFARE & BENKVOLENT FUND
FINANCIAL STATEMENTS
31 MARCH 2024
The Independent Services Agency Ltd
POBOX314
Woking
SURREY
GU24 9FA

THE RAVC WELFARE & BENEVOLENT FUND
31 MARCH 2024
CONTENTS
PAGES
Referencc and administrative iThforn]ation
Trustees, report
Independent examin&s report
Statement of fU￿ncl81 activities
Balance sheet
Notes to the financial statements

THE RAVC WELFARE BENEVOLENT FUND YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
Registered charity no. 1037208
Executive trustee central committee
Ex-officio members
Col Comdt RAVC
Major General ZR Stenning OBE
CVRO
Colonel M Morrison QHVS
Hon Col Comdt RAVC
Col (Retdl N Smith
Commander DATR
Lieutenant Colonel l Moran
Commander IMWD
Lieutenant Colonel A O'Flynn
Chairman RAVC Association
Lieutenant Colonel IRetd} C Ham
Senior Reserve Officer
Lieutenant Colonel C Whittle
Corps RSM WOI {CRSMI
WOI IRSMI M Eade Trustee
Secretary
Mrs Kristy Mccomiskie
Co-opted members
Wol J Jacques
Address
RHQ RAVC
Robertson House
Slim Road
Camberley
Surrey
GUIS 4NP
Independent examiner
The Independent Services Agency Ltd
PO BOX 314
Woking
Surrey
GU24 9FA
Bankers
The Royal Bank of Scotland PIC
Bolts Farnborough Branch
Lavvrie House Victoria Road
Farnborou8h
Hampshire
GU147NR
Investment managers
Investec Investment Ltd
Festival House
Jessop Avenue
Cheltenham
GL50 3S

THE RAVC WELFARE & BENEVOLENT FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The Trustees have pleasure in presenting their Report together with the Financial Statements and
Independent Examiner's Report for the year ended 31 March 24
Structure, governance and management
The RAVC Association is constituted under Rules adopted on 15 October 1993 as amended on l April
2007 and l November 2007.
The trustees are responsible for holding the capital and income of the fund and applying it for the
objects of the fund. The trustees who served during the year and up to the date of this report are set
OLIt on page l.
The personnel of the Royal Army Veterinary Corps appointed to the title or rank designated in clause
five of the rules of the fund become the ex- officio members and trustees of the fund by reason of
such appointment.
Objectives and activities
The objects of the fund, which are for public benefit, as stated in the amended rules, are:
111
to promote the efficiency of the Royal Army Veterinary Corps by fostering esprit de corps,
comradeship and the welfare of the Corps and preserving its traditions.
121
the relief of past and present members of the Royal Army Veterinary Corps and their
dependents who are in need by virtue of financial hardship, sickness, or the effects of old age by
grants, gifts, pensions or otherwise.
131
To produce sufficient income and capital development, to empower the Association to carry out
its objects reliably with legitimate thought for the future
The fund consists of the investments (particulars of which are contained in the notes heretol and of
such further sums as may from time to time be obtained from grants made by regimental institutions
and other regimental fund5 and from permissible voluntary and covenanted subscriptions and
donations and of the investments for the time being representing the same.
The committee may, by a simple majority, decide at any time that on the grounds of expense or
otherwise it is necessary or advisable to dissolve the fund. The committee shall have power to dispose
of any assets held by or on behalf of the fund. Any assets remaining after the satisfaction of any proper
debts and liabilities shall not be distributed among the members of the committee but shall be given or
transferred to such other charitable institution or institutions having objects sim ilar to the objects of
the fund as the committee may determine and if and in so far as effect cannot be given to this
provision then to some other charitable purpose.
Achievement5 and performance
The trustees continue to have due regard to the guidelines issued by the Charity Commission with
regard to public benefit.
Benevolence: 08 members or former members of the Royal Army Veterinary Corps or dependents of '
former members applied for relief in furtherance of the objects of the fund, and 08 cases were granted
relief during the year, totalling £2450
Memorial gifts were purchased for families, to mark the Anniversaries of three RAVC members who
were killed in action.

THE RAVC WELFARE & BENEVOLENT FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Welfare/Benevolence'. In line with objective (11, the Corps magazine "Chiron Calling was distributed to
over one thousand serving and retired members of the Corps both in the UK and overseas.
Further Grants were made for the troops taking part on adventurous training activities to train and
assess their survival abilities and leadership prowess in arduous conditions and sporting activities to
build esprit de corps and comradeship, so a contribution of £3,000 was made to the Army Medical
Services Sports Union FY23/24.
RAVC Recruits passing out of basic training continue to be presented with an RAVC Corps Stable Belts
and Tactical Regimental Flashes in the promotion of Corps ethos. Newly enlisted Officers in the RAVC
are also presented with a Stable Belt from the Corps on their pass out at the Royal Military Academy
Sandhurst
RAVC Soldiers Christmas Day Lunch 15 now paid in full, this has shown to promote comradeship and
esprit de corps.
Two RAVC In-Pensioners and fifty members of the Corps and Association, have taken part in the yearly
Morning Service and small Parade followed by a curry lunch at the Royal Chelsea Hospital, fostering
esprit de corps.
RAVC History- The work on Volume 3 of the RAVC history covering the period 1962 to 2022 is now
complete, and this version of the Corps history has been published and has been available for both
Serving and association members to buy. The official book launch went well with HRH The Princess
Royal in attendance.
Financial review
The statement of financial activities on page 4 and the balance sheet on page S reflect the transactions
for the year ended 31 March 2024 and the assets and liabilities as at that date. There were net
incoming resources for the year of £11,577 compared to net incoming resources of1£16,6491 for the
year ended 31 March 2024.
SIGNED ON BEHALF OF THE TRUSTEES
K Mccomiskie
Date: 28 January 2025

Inde
endent R￿MIner*S Re
rt
e Trustees of the RAVC Welfare & Benevoleht Fund
I report on the a¢counts of the Thist for the period ended 31 March 2024 &s set out oll the attached
documents.
clive re
oHsibilllies o
the Truslees and the Eyaminer
As the Charity'8 Trustees you are responskble for the prepardtion of the accounts. you consider that the
audit requirement of s¢ction 43(2) of th¥ Charities Act 1993 (the Act) does NOT apply. It is my
responsibility to examine the accounts under section 145 of the Charities Act 2011 (the Act)" aud to
follow the procedures laid down in the General DAre¢tions of the Charity Commissioners under section
145(5)b of the Act and to ststs whether particular matters have come to my attention.
theInd
end
ISR
ort
My examination was C￿led out in accordance with the GeneTal Directions given by the Charity
Commissioners. An examinatton iDcludes a review of the accounting records kept by the Charity and a
¢omparison of the accounts presented with those on record. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as Tru3Èees concerning
y such matters. The procedures undertaken do llot provide all th¢ evidence that would be rwuired in
an Hudil and consequently I do NOT express an audit opinion on the view given in the accounts.
endenl Exa
In connection with my examination, NO matter has come to rny attention.
{]) which gives me re&80nable ¢ause to believe that In 8ny respect the requirements
- to keep accounting records in accordall¢e with the Act. and
to prepare accounts which accord with the accounting records and to comply with the accountiiig
requir¢ments of the Att
hav¢ not been met. or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
Place; West End
Date. Io January 2025
IndtF¢pth Exam1kWr￿l￿areh 2012

THE IL4VC WELFARE & BENEVOLENT FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FUNDS
UNRESTRicfED BESTRICTED TOTAL 2024
FUNDS
FUNDS
FUNDS
2023
NOTE
JNCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Investment income
36,456
13,926
36,456
13,926
35,080
12,776
Totsl Incoming resources
50.382
50,382
47.856
RESOURCES EXPENDED
Relief granted
Donations
Adjusttnent
Portfolio service ¢harges
History
Publications
Administration
Travel
Insurance
Inspection of Accounts
Total resotsrees expended
18.326
18,326
21,227
17
3,862
8,523
3,741
2,532
437
917
450
17
3,862
8,523
3,741
2,532
437
917
450
4,003
29,738
4,052
3,861
257
917
450
38,805
38,805
64,505
NET INCOMING I (OUTGOING)
RESOURCES FOR THE YEAR
11,577
11,577
(16,649)
OTHER RECOGNISED GAIIYS
AND LOSSES
Net gains l (losses) on investment assets
2,401
24,456
NET MOVEMENT IN FUNDS
13,978
13,978
(41,105)
Balance brought forward at l April 2023
476,936
476 936
518,041
Balance c￿ried forward at 31 March 2024
490,914
490.914
476,936

THE RAVC WELFARE & BENEVOLENT FUND
BALANCE SHEET
31 MARCH 2024
2024
2023
NOTE
FIXED ASSETS
Investments
398,308
410,198
CURRENT ASSETS
Debtors
Investsnent portfolio manager's account
Cash at bank and in hand
15,164
9,479
76,520
13,868
(949)
60.196
101,163
73.115
CURRENT LIABILfTIES
Creditors
8,557
6,677
NET CURRENT ASSFTS
92,606
66,438
NET ASSETS
10
490,914
476 636
ACCUMULATED FUNDS
Unrestricted
Restricted
490,914
476,636
490,914
476,636
Approved by the Central Committee on Dafr:
and signed on their behalf by '.
K Mecomiskle
The notes on pages 7 to 9 fonn part of these fmancial statements

THE RAVC WELFARK & BEIYEVOLENT FUTID
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTINC POLICIES
Basis of preparation
The fman¢ial ststements have been prepared w)deT the historical cost convention, except for the revalu&tion of
fixed assets held foT investment pU￿oses, and in accordance with applirAble accounting standards and the
Financial RepoTting StandaTd for Snwller Entities (effective April 2008). In preparing the financial statements the
harity has followed best practice as set out in the Statement of Recommended Prdctice "Accounting and Reporting
by Charities" (SORP 2005), tsking advantsg¢ of the concessions provided by the SORP for smaller chartties.
Income
Voluntary income is received by way of donations, gifts and subscriptions and is includ¢d in full in the statement of
financial activities as it becomes available to the tharity, any conditions for r¢ceipt are met, it is reasonably certain
to be received and the value Can be reliably measured. (The value of services provided by volunteers has Dot been
included). Investment incorne is accounted foT on an accruals basis.
Resources expended
Resources expended ar¢ recognised in the period in which they are incurre¢ and include attributable VAT which
cannot be Tecovercd.
Fixed asset investments
Fixed asset investments are included at market value at the balance sheet date. Any gain or loss on revaluation is
taken to the SOFA.
Fund accountlng
Funds held by the charity are..
Unrestricted fimds - these are fimds which can be used in accordance with the charitable objects at the discretion of
the trust¢¢s.
Rcstricted fvnds - these are funds that can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor.
VOLUNTARY INCOME
2024
UNRESTRicfED
RESTRICTED
TOTAL
2023
RAVC Memorial
Payroll giving
Legacy
Donations Books
Donations and gifts
34,670
34,670
32,480
2,500
180
1,605
36,455
180
1,605
36,455
34,980
INVESTMENT INCOME
2024
UNRESTiucfED
RESTRICTED
TOTAL
2023
Portfolio income (Dividends)
Investment income from Sales
Bank deposit interest
12,635
12,635
12,420
1,291
13.926
1,291
13,926
356
12.776

THE RAVC WELFARE & BEIYEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
DONATIONS
2024
2023
TRANSACTIONS WITH TRUSTEES
No expenses payments have been made to any of the trustees during the year. None of the trustees nor any person
connected with them has received or is due to Teceive any remuneration for the year directly or indirectly from the
charity's fL￿d$.
INDEPENDENT EXAMINATION
2024
2023
External scrutiny
450
450
7. FIXED ASSET INVESTMENTS
2024
2023
Market value at l April 2023
Additions
Disposals
UnrealisedlRealised Gai￿lLOSS on Investment
410,198
120,073
(134.364)
2.401
300,648
24,456
Adjustment
Market value at 31 March 2024
398,308
410,456
Historical cost at 31 March 2024
300,648
300,648

THE RAVC WELFARE & BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
DEBTOKS
2024
2023
Other debtors
A¢¢n￿o income
15,164
13,868
15,164
13,868
9. CREDITORS - amounts falling due within l year
2024
2023
Accruals
Other creditors
(8,557
6,677
(8,557)
10. SUMMARY OF NET ASSETS BY FUNDS
21124
UNRLSTRirfED
RESTRICTED
TOTAL
2023
Fixed assets
Current assets
Cu￿ent Itabilities
398,308
101,163
8,557
398,308
IOE,163
(8,557
410.198
73,415
6,677
490,914
490,914
476,936
I I. MOVEMENTS IN FUNDS
BALANCE
I APRIL
OTHER
BALANCE
31 MARCH
2024
GAINS I
(LOSSES)
21123
INCO.MING
OLrrco￿c
UNRESTRicfED fuNDS
476,936
50,382
(38,805)
2,401
490,914
476,936
50,382
(38 805)
2,401
490,914