REGISTERED CHARITY Nu1￿BER. 1052828
ort of the Trustees and
Finaneial Statements
for the Ye
r Ended 31st March 2024
The Kin
'sRo
al Hussars Officers, Trust
WheKler & Co Ltd
Chartered Accountants
The Slllubbery
14 Church Street
Whit¢hurch
Hampshire
RG28 7AB

The Kin
'sRo
#l Hussars Officers, Trust
Contents of the Finan¢i21 Statements
for the Year Ended 31st March 2024
Page
Report of the Trustees
I to 2
Independent Examlnerfs Report
Statement of FIDanclal Activltles
Balgnee Sheet
Notes to the FAnanclal Statements
6 to 10

eKin
al Hussars
icers, Trust
ort of the Trustees
h Y ar E ded 31st Mareh 2024
The trustees present their report with the fmancial statements of the charity for the year ended 3 1st March 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objeetives and Aitns
Subject t() the payment of expenses the Managing T￿SteeS shall apply the income and at their discretion the whole or
part of the propety of the charity in promoting the efficiency of the Regiment by increasing the physical and general
eificiency of its serving officers whdher serving with the Regiment or extra-regimentally employed in such ways as the
Managing Trustees from time to time think fit.
Public benefil
The trustees believe that the charity meets the requirement of public benefit by virtue of its activities providing financial
asslstance to Cu￿ent and fornier members of the regiment, or their fatnilies, who are in fmancial need.
ACHIEVEMENT AND PERFORMANCE
The Managing Tru5tces have continued to support the serving Regiment with grants towards expenditure on sport,
equitstion, adventure training, education and property. During the year expenditure included grants to King Edward
VII'S Hospital (Sister Agnes) and to the Household CavalrylRAC Officers, Mess
FINANCIAL REVIEW
Inveslment pollcy and objeetlves
In accordance with the trust deed. the trustees have the power to invest in stocks, shares, investments and propeTty in
the UK as they see fit. The investment of the fund is managed by Investec Wealth & Investment Limited.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The King's Royal Hussars Officers, Trust is registered with the Charity Commission (No 1052828) and is constituted by
a scheme dated 25 March 1993.
Reerultment and Appointment of New Trustees
There are ten Managing Trustees, three of whom are ex-officio appointed for the tenure of their appointment. The
remaining seven Cowopted Managing Trustees are appointed for an initial tern] of three years.
REFERENCE AND ADMINISTRATIVE DETAII
Registered Charlty number
1052828
Principal address
Home Headquarters
The King's Royal Hussars
Peninsula Barracks
Winchester
Hampshire
S023 8TP
Page I

The Kin
'sRo
sl Hussars Officers, Trust
Re ort of the Trustees
r the Year Euded 31st M rch 202
Trustees
Chairman
Brigadier J N N Orr, Colonel of the Regiment
(ex officio)
Members
Lieutenant Colonel P J Perowne, Commanding Officer
Lieutenant Colonel A Harnian, Chaimian Regimental Association
Colonel G H R Tilney MBE, Chairman Regimental Museum
Major General S J M Grdham CB
Colonel P R C Flach LVO MBE
Colonel J D H Porter
Colonel A M A Tilney MC
Major P J Lawson
C B Godfrey-Fauss¢tt Esq
(ex olTicio)
(ex 0￿1ClO)
Secretary
Major S Penkethman
Independent Examln¢r
Kevin Wheeler FCA
Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB
Bankers
Lloyds Bank plc
Cox's and King's Branch
PO Box 1000
BXI ILT
Investment advisor
Investec Wealth and Investment Management
2 Gresham Street
London
EC2V 7QP
Approved by order of the board of triistees on ....,........ .........
. and signed on its behalf by:
Brigadier J N N Orr - T￿ste¢
Page 2

Inde
endenl Examiner,
ort to the Trustees or
The Kin
'sRo
al Hu55ars Officers, Trus
Ind¢pendent examiner's report to the trustees of The Kingls Royal Hussars Offieers, Trust
I report to the charity trustee5 on my examination of the accounts of Th¢ King's Royal Hussars oificers, Trust (the
Trnst) for the year ended 31 st March 2024.
Responsibilities and basis of report
As the charity trustees of the Trnst you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 (Ihe Ac¢).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying
out my ¢xamination I have followed all applicabl¢ Directions given by the Charity Commission under Section 145(5Xb)
ofthe Ad.
Independent examlner's ststement
I have completed my examination. I confirni that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requirements concerning the fonn and content of accounts set
out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give
a trne and fair view which is not a matter consid¢r¢d as part of an independent ¢xamination.
I have no concerns and have come across no other matters in connection with the cxamination to which attention should
be drawn in this report in order to enable a proper understsnding of the accounts to be rea¢hed,
Kevin Wheeler FCA
Wheeler & Co Ltd
Chartered Arxountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB
Page 3

The Kin
'sRo
al Hussars Officers, Tr
st
Statement of Finanei21 Activities
for the Year Ended 31st March 2024
31.3.24
Unrestricted
fund
31.3.23
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
18,363
18,910
Investment income
Total
EXPENDITURE ON
Charilable Activltles
To increase the efficiency of the regiment
39,721
17.500
Other
Total
Net gainsl(1058es) on investments
NET INCOMEI(EXPENDITURE)
34,632
(61,343)
RECONCILIATIOIY OF FUNDS
Total fvnds brought forward
847,691
909,034
TOTAL FUNDS CARRIED FORWARD
882 323
847 691
The notes forni part of these financial ststements
Page 4

The Kin
'sRo alH
ssars Offleer
Trust
lance S
March
31.3.24
Unrestricted
fund
31.3.23
Tolal
funds
Notes
FIXED ASSETS
Tangible assets
Investments
3.500
843.508
3,500
847,008
800.404
CURRENT ASSETS
Debtors
Cash at bank
io
5,977
31,359
4.291
45.434
37,336
49,725
CREDITORS
Amounts falling due within one year
{2,021)
(2,438)
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
882,323
847,691
NET ASSETS
882 323
847 691
FUNDS
Unrestricted funds
882 323
847 691
TOTAL FUNDS
882 323
The financial statements were approved by the Board of Thistees and authorised for issue on
. and were signed on its behalf by:
J N N Orr- Trustee
The notes forni part of these financial statements
Page 5

The Kin
'sRo
al Hussars Office
Notes to the Finaneial Statements
r the Year Ende
31st March 2024
ACCOUNTING POLICJES
Basls of preparlng the fiDanclal statements
The financial statements of the charity, which is a public benefit enlity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Siandard 102 'The Financial Reporting SL￿dard applicable in the UK and Republic of
Ireland, and the Charities Act 2011. The fmancial statements have been prepared under the historical cost
convention, with the exception of investments which are included at market value, as modified by the
revaluation of certain ass¢ts.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlemenl to the fvnds, it
is probable that the income will be r¢c¢iv¢d and the amount can be measured r¢liably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal OT constwctive obligation committing the
¢harity to that expenditure, it is probable that a transfer of economic benefits will be requir¢d in seitl¢ment and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings thal aggregate all cost related to the ¢ategory. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but
not accrued as expenditure.
Tanglble fixed assets and deprecivdtion
Depreciation is provided at the following annual rates in order to write off each &sset over its estimated useful
life.
Fixtures and fittings
not provided
Taxatlon
The charity is exempt from tax on its charitable activities.
Fund aeeounting
UnrestrAct¢d funds can be used in accordance with the charitable objectiv¢s at th¢ discretion of the trnstees.
Restri¢ted funds can only be used for parti¢ular restricted purpos￿ within the objects of the ¢harity.
Restrictions arise when specified by the donor or when funds are raised for parti¢ular restricted purposes.
DONATIONS AND LEGACIES
31.3.24
31.3.23
Subscriptions - serving officers
Subscriptions - retired officers
12,521
12.783
Page 6
continued..

The Ki
'sRo
al Hussa
Officers, Trust
Notes Éo the Financial St tements- eontinued
orthey
ar Ended 3
t Mareh 2024
INVESTMENT 11¥4COME
31.3.24
31.3.23
Income from listed investments
22,273
GRANTS PAY ABLE
31.3.24
31.3.23
To increase the efficiency of the regiment
39.721
The total grants paid to institutions during the ycor was as follows:
31.3.24
31.3.23
The Serving Regiment
Regimental A55ociation
King Edward Vll's Hospital (Sister Agnes)
H CavlRAC Corps Mes5 Fund
33,746
5,350
25
600
10,225
6,650
25
600
SUPPORT COSTS
Governance
costs
Management
Totals
Other resource5 expended
432
Support costs, included in the above, are as follows:
Management
31.3.24
Other
resource5
expended
31.3.23
Total
activities
Wages
Insuranc¢
Trustees, meeting expen5e5
Sundries
Colonel of The Regiment
Heritage and conservation
Travelling expenses
Investec management chargey
5,250
4,780
571
695
4,375
448
944
750
371
566
Page 7
continued..

The Kin
'sRo
alHu
ars Offjcers, Trust
Notes to the Fln8nci31 Statements - eontinued
f the Year Ended 31st
reh 2024
SUPPORT COSTS - continued
Governanee eosts
31.3.24
Other
resources
expended
31.3.23
Total
activities
Accountancy and legal fees
432
420
TRUSTEESI REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31st March 2024 nor for the year
ended 31st March 2023,
Trustees, expenses
There were no
3 1st March 2023.
trustees, expenses paid for the year ended 31st March2024 nor for the year ended
STAFF COSTS
The average monthly number of employees during the year was as follows:
31.3.24
31.3.23
Management and support
No employees received emoluments in excess of £60.(K)O.
TANGIBLE FIXED ASSETS
Fixtures
fittings
COST
At 1st April 2023 gnd 3 1st March 2024
NET BOOK VALUE
At 31st March 2024
At 3 1st Mar¢h 2023
Tangible fixed assets relate to a picture, the "Klip Drift" which is ¢utTently on loan to the Cavalry and Guards
Club.
Page 8
continued...

The Kin
'5 R l Hussars Officers, Trust
Notes to the Financial Ststements- continued
for the Year Ended 31st March 2024
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1st April 2023
Purchases
Disposal proceeds
796,904
175,329
128 725
At 31 st March 2024
843 508
NET BOOK VALUE
At 31st March 2024
843 508
At 31st March 2023
796.904
There were no investment assets outside the UK.
The above inve5tTnents are stated as follows:
2024
2023
Historic cost
Revaluation
719,071
124437
722,266
843 508
Acquisitions in the year were financed solely from the Sale proceed5 of investments.
io.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31,3.24
31.3.23
Prepayments and accrued incorne
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Accrued expenses
11
RELATED PARTY DISCLOSURES
There were no related party trnnsactions for the year ended 3 1st March 2024.
Page 9
continued..

The Kin
'y Ro al Hussars O(fiLers' Tr
st
Note5 to the Financial Statements- continued
for tbe Ye
r Ended 31st
areh 2024
13.
HERITAGE ASSETS
The Tmst owns a number of heritage assets that bave been acquired historically> silver, paintings, medals, some
propety items (campaigm chests, etc) and ceremonial accoutrements. These &ssets are not included at cost in the
accounts but were professionally valued in 2016 for insurance purposes at £2,746,919.
Page 10