The Royal Army Physical Training Corps Association
(Registered Charity Number: 1053934)
Headquarters, The Royal Army Physical Training Corps Mackenzie Building, Fox Lines Queens Avenue, ALDERSHOT Hampshire, GU11 2LB
EXECUTIVE COMMITTEE TRUSTEES
Chairman : Brigadier E J R Chamberlain, Vice Chairman : Lieutenant Colonel J Hughes,
Members :
Lieutenant Colonel C Deed MBE, Major W Pacter, Major D Boocock, Captain C Burnett, Warrant Officer Class One D Southern-Naylor, Lieutenant Colonel (Retired) G Davies QGM, Major (Retd) G Chapman, Major (Retired) D Kerridge, Major (Retired) J Larkham, Major (Retired) T Parker MBE, Major (Retired) C Wilkinson, Mr D Smith
Regimental Secretary
Lieutenant Colonel (Retired) G B Jones
CHAIRMAN’S ANNUAL STATEMENT
1 April 2020 to 31 March 2021
Introduction . The past 12 months has been unusual and challenging. The Coronavirus pandemic has had an impact upon The Corps and the Association as major events have been cancelled and RAPTC Association milestones missed as a result of the restrictions placed upon us all.
Notwithstanding, The Royal Army Physical Training Corps (RAPTC) and The Association have risen to the challenges. As both Commandant and Chairman of The Association Executive Committee, I am immensely proud of what has been achieved in the circumstances and of the manner and vigour with which all our Association members have responded to the frictions and complexities of the last year to adapt and overcome and to find new and better ways to do things. Pre-pandemic we were slowly moving more towards virtual and distributed activity and were tentatively starting to exploit the power of contact via social media. The pandemic has enabled innovation and increased the pace of change. We have all responded well to the new technical demands and ways, but it is most gratifying to see that there has been no loss of focus on the importance of family – regimental and personal – and the need to foster and support belonging and physical contact. It gives me great pride to note that this sense of belonging is as strong if not stronger across all parts of our Association now than it was pre-pandemic.
I continue to be immensely impressed with the very tangible esprit-de-corps of The RAPTC Association. I am grateful to you all for all you do to foster and sustain it; long may it continue.
Governance. As a registered charity, The Association is held to account by the Charity Commission for England and Wales who judge our performance against the objects within our governing document - The RAPTC Association Constitution. The Constitution is supported by a set of Internal Rules (IRs) which articulate the duties and responsibilities of The Trustees and The Association’s sub-committees. Copies of the Constitution and IRs can be found on The RAPTC Association Website at http://raptcassociation.org.uk/.
The Association’s Executive committee controls our charity and is comprised of fourteen Trustees. They are accountable to The Association’s members and the Charity Commission for ensuring that
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The Association remains solvent, well run and provides support to our members in accordance with the Association Constitution.
The Trustees (seven serving and seven veteran volunteers) work on behalf of all Association members and ordinarily meet biannually to discuss all aspects of Association business. However, Covid restrictions have dictated that this year they had to operate differently and consequently the Executive committee met virtually via Zoom rather than in person. This occurred without detriment to business and normal procedures were followed to propose, debate and approve measures through quorate voting.
Trustees . The serving trustees hold ex-officio appointments linked to their military assignments. Consequently, in the last year Lieutenant Colonel S Collinson, Maj S Semple, Captain S Jackson, and Warrant Officer Class One R Mackenzie have stood down as Trustees on retirement or at the end of their tenure. On behalf of all Association members I would like to thank them for their conscientious and professional approach and for the considerable work they have undertaken on behalf of all Association members and the Charity.
In their place we welcome Lieutenant Colonel J Hughes, Major D Boocock, Captain C Burnett and Warrant Officer Class One D Southern-Naylor to the Association Executive Committee.
Capital and Investments . The Association’s finances are broadly in two parts – working capital and investments. The working capital accounts are managed and administered in accordance with Service Funds Regulations; the investments manged on our behalf by Blackrock within a Charity Authorised Investment Fund (CAIF).
Capital . The level of working capital held in the Association’s accounts continues to meet our planned and necessary expenditure and is at an appropriate and sustainable level.
This year expenditure has been very low in comparison with pre-pandemic norms as Covid-19 restrictions have prevented our beneficiaries from spending their annual grants or allocations. Consequently, at the start of the Financial Year (FY) 21/22 we have more available working capital than usual. This has enabled the Trustees to consider and fund additional minor projects for the benefit of our Association, and I am pleased to report that the Trustees have also agreed to carry over all unspent funds and grants allocated during FY 20/21 into FY21/22.
In addition, I remain most grateful for the voluntary contributions to The Association by our serving members and for the additional generous donations we have received. These contributions and donations remain essential in ensuring we can provide benevolence and welfare support for serving and retired members when they need help.
Our accounts are currently with the independent auditors and we do not expect any adverse comments. The audited accounts will be submitted to the Charity Commission within their directed timeframes.
I commend the Regimental Secretary and his assistant, Mrs Jules Fairclough, for their diligent and effective management of the accounts. They have overcome the complexities of remote working to deliver superb support to The Association’s members as well as the Executive Committee; on behalf of the RAPTC and The Association I thank them. Equally, I thank HQ RAPTC for their continued oversight, assistance and assurance.
Investments . The Association’s investments remain healthy and have not been adversely affected by the pandemic, despite fluctuations in the economy and global stock markets.
Our investments are regularly monitored enabling BlackRock to provide the Trustees with an annual assessment of our fund set within an overview of the trends across the financial markets, and quarterly updates on the performance of The Association’s investments. The also invite The Regimental Secretary and Trustees to their biannual unit holder meetings. On your behalf we have engaged with all these opportunities.
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The resilience of the CAIF has meant that we have continued to receive quarterly dividends and to grow our holdings. The Trustees having therefore had the ability to slightly revise our financial allocation plan and I can report that we are confident we can sustain the existing level of annual allocations to The Association’s Branches, Clubs and specific purpose funds whilst also slightly growing our reserves and making provision for longer-term projects such as RAPTC 165.
Benevolence and Welfare . All requests for benevolence are treated with the strictest confidence and The Regimental Secretary works closely with other benevolence providers to ensure our members receive the most appropriate support. Despite the lockdowns and working from home, The Association has continued to provide an undiminished level of benevolence and welfare support to Association members.
In addition, The Association has made welfare grants to support Branches, Corps sports teams, Association events and provided funds to commission a silver replica of the RAPTC memorial.
Association Branches . The pandemic has prevented all the Branches form holding their annual reunion dinners; despite this they have sustained an active focus at regional level maintaining regular contact with their members. With direction and guidance from the Regimental Secretary, Branches have continued to provide support to bereaved families at member’s funerals and where possible buglers from Army Bands have also continued to support funerals.
The Trustees remain fully committed to supporting all the Branches and the valuable work they do for all members of The Association. On behalf of all members of The Association, I thank the Branch Chairmen, Secretaries and their helpers for their selfless and unswerving commitment; without it the Branches would not exist and without the Branches The Corps and its veterans would be very much the poorer.
Equally, I remain grateful for the informal associations that have sprung up worldwide and for the work done by former serving members of The Corps to foster and maintain good relationships around the world with serving and veteran members of The Corps and with our allies and affiliated regiments and corps. It is invaluable work.
Association Annual Awards . The presentation of the Association awards to those who have enhanced the prestige of The Corps and Association had to be done differently this year. In a break from the norm, this year individuals received their awards from their Commanding Officers rather than The Colonel Commandant or other Corps senior leaders.
I wish to particularly mark the award of the Gelder Trophy. It is awarded annually to ‘The Association member who has contributed most to enhance the prestige of The Association’. It is always difficult to choose the most worthy recipient given the extraordinary efforts so many of you make; this year was no different. However, this year’s selection was clear cut and the Gelder Trophy was awarded by Lt Col (SMAA) S Collinson RAPTC to Major (Retired) Chic Wilkinson for his considerable efforts to resurrect the Eastern Branch. On all your behalves, I thank and congratulate Chic.
RAPTC Museum. The Association provides an annual grant to The RAPTC Museum. Under the expert guidance and drive of our professionally qualified Curator – Mr Eli Dawson – the museum has had another good year, despite being closed to visitors for several months. The Curator has used this time well to digitize much of our archive and to increase our virtual presence and global outreach through innovative use of social media and virtual tours.
RAPTC Reunion. 2020 was the 160[th] anniversary of The Corps. Regrettably, Covid restrictions prevented the planned reunion and celebration of this milestone of Corps history. However, the Association Trustees felt this anniversary should nevertheless be recognised and a pre-recorded virtual Commemoration Service was held to Remember and Reflect, recognise our 2020 Corps Award
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winners and provide an overview of our Veterans and The Corps of today and the future. The virtual service was a great success, with Association members from around the world logging in and participating.
As the virtual event was less expensive than the physical one that had been planned, The Trustees reallocated some of the unused funds and commissioned a silver replica of the RAPTC Memorial at the National Memorial Arboretum. I am happy to announce that this piece has been completed within budget and delivered to The Corps. Routinely it will be in the RAPTC Museum on public display but, when appropriate, will be available for display at Corps and Branch events.
RAPTC Association Service of Commemoration . Restrictions allowing, it is hoped to hold a Service of Commemoration at the RAPTC Memorial within the grounds of the National Memorial Arboretum on Saturday 11 September 2021. Planning for this is underway and details will shortly be promulgated by the Regimental Secretary.
Conclusion . The Association provides a focus for all serving and retired Association members around the world; fostering and enhancing esprit de corps and comradeship whilst providing benevolence and welfare support for those who require it. This does not happen by chance and I acknowledge the hard work and commitment of The Trustees, The Regimental Secretary and his assistant to deliver an excellent service to you all. On behalf of all Association members I unreservedly thank them for enabling The Association to achieve the objects of the charity, thereby preserving the traditions of The Corps, the heritage of The Association and ensuring The Association remains fit for purpose.
(Original Signed)
Brigadier EJR Chamberlain Chairman of Trustees
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Servlce Non Public Funds Flnal Accoun
Managing Trustee's Report, Intemal Audlt
Board Report and Independent Examiner's Report
Statement of Financial Activities as at Unreslricle General Purposel nated Funds 31-Mar-2021 Enthjwmenl Furbds Total FuThJs Previou5 Period Total Funds Voluntary Incc¥ne 64,96274 17.052.9S 82.015.70 71.755.97 Acknvilies lor Generating Fund5 0.00 35.00 Investment Incomè ZT7.20 13.834.90 Income Resou85 Irom Charitable Aclivits'es o.(N) o. Oih¢r Incoming Resources Total Incomln ResourH8 412.32 65239.94 17,1)$2.96 8229190 86A68.19 Investment Management Costs o.co o.fy) 0.00 Costs ol Genorating Funds 0.00 Charitable Activities 211. o.oo 211.00 Govemance Cosls 0.00 732.06 4,052.58 Giants and DonaliLM)S 6.419.69 18,20724 24,526.93 35,300.63 Olher Costs 13.694.62 27.043.92 40,738.54 46.050.42 Total Resources Expended Net Incomlngloutgolng Re80urces Beloie Transfe 21.051.97 45,2S1.16 6.309.13 85,409.fj3 44,181.97 -28,198 00 15.983.Tf 958.56 Gros5 translgrs bgtsv8en funds (Snlernal translers Nel Incomln9 Resource8 before Holdlng Galn8 and Lo8ges 5.424.79 O.OD 5,424.79 1,087.76 44181.97 4177&41 21.408.50 2,026.32 Galns on revaluatlon ol the charil s fixed assets Unrealised Gains on investments Unrealised Losse5 on investmonts Net Movement In Furnds Total funds brought forward froj revlous WA WA o. 80.1eJJ.92 46.388. 77.954.89 WA NIA 33.772.92 57,103.33 .21n3.41 55.181.48 59.129.65 90,96823 639.46192 Tolal lund8 carrled forward 721.048.58 694.645.40 59.129.65
Balance Sheet as at 31-Mor.2021 Pr•vlou8 Currnnt {£ IE o.th) o.tsj 435,102.28 e fixed assets Inveslments Inveslments at Market Val Total Flxed Assets 456,039.83 435.102.28 456,039.83 CURREpifs ASSErs 82.70 137,054.80 o. 66.724.14 Cash CuNenl Account it Ac¢cnI uidi Mn r Noknce alc D8blof5 stks an Hand 26.45 171,626.59 66.952S3 204.361.64 Total Current Assets 238.605.57 639,463.92 Toial Assets 694,645.40 UABILMES Sund Cre(Ilors VAT Control VAT Pa 0.00 Tolal Llabllltles 639,463.92 Totsl Assots Mlnus Uabllltles 694,645.40 UNRESTRICTEDIGENERAL PURPOSE FUND 8darKe as r lasl Balance Sheet A(*J Excess of In¢ffiie De(hJcl Excess ol nthtura cumulaled Unrestrlct8dlGgn•ral Pu Total Unrestrlcled & nat•d Funds 548,495.69 590,908.46 72.252.89 643,093.69 643,093.69 548.495.69 os• Fund ,8.4fj 663.161.35 663,161.35 TOTAL FUNDS To¢ Restricted Funts Total Endo¥en1 Funds Tolai Desi naled Funds Accumulated UnTeslri¢te(UGen6ral Pu Total Funds 90.968.t3 o.c 0.00 548,495.69 103,736.94 0.0) Funds S.908.46 639.463.¥2 694,645.40
REsfAICTED FUNDS 9).968.23 103.736.94 90,968.23 Totsl R•strfcled Funds 103.736.94 ENCK)WMEKf FUNDS Tolal EndOnon1 Funds DESIGNATED FUNDS Tot81 Desl n8l•d Funds FFFI used £1.& Fund Mantyer {R*entsl entartt Scheme} l Accojnl Holder (Authl Dale
General Purpo8• Fundninr•strlct•d Funds analpls U •t 31-Mar-2ff21 ExpendttureLosses Re50urce5 Ex nded INVESTMENT ANA EMENT ent Pellod InGomelGains Incorni Reswrces NTAFIY IN Donalions Flcvd Days Pay gKheme MBS Current Perio PreviDUS Peri(*J Period 595.00 64,367.74 221.00 63,227.87 ENERAnN ND 0.00 ENERATIN o.c sc 15Olh Prinl 35.00 HARITABLE A VME G6 Welfare on Ops 211. O.CK) Bank Inlerest G125 95 day oUj1ty Divid8fKls lor Alall INC MERE FR I¢Y2.97 174.23 285.80 545.26 5,446.44 mvm FOR GOA 200.C(I 1 W.00 G753- Postage G754- Reimbwsements G500- Bank Charges 17427 3.843.31 499.71 GRANTS AND D G770- Grant Donations Made FOFI Cenotaph Branch Allttalions GOA NATI 6,419.69 8.6.11 75.CKI 67S.C 515.¢XI 1,5W.IXI
Gonernl Purpoy• Fundlunrestrlcled FwKls an•tysls contknuod as al CLwrenl Ir¢>no/GainS Peri1 1c¥M1n Res(yJrces ERIN MIN 31-Mar-2021 Expenditurethses Reswrces EX ded ER G801 - Sundrie5 G802-Engraving&Framing Unreafised loss of InVestmts Transport Costs G776- MBS Web9te G773 . C¥)ot8ph G772 . Bank lo Cash Cash lo Bank Current Period Prewous Period Peric¥J 835.25 24.(M) la5.37 13.154.89 139.20 &662.72 TFR from Inveslment Grant frorn A5S(tiallc G801 Sundr O.(M) 168.00 2Y3.10 405.10 0.00 229.32 L TR Translers Out 1751h Anniversary 21Xslh AnThversary &"ennial Reunions 8iennial N Sports Tours Branch Grants Olllcers Mess Wus & Sgts Mess FER INTER Trarer$ In FER NREA INVE TM G807 EDLO NT AIN OF FIX REV ATION o. o.Th) 46.388.C#) ED ThIEN INVE .160.W2 57,103.33 Total Exwdilure Ex¢ess of Incom8 Grand Tolals 8,011.rJ) 72252.89 80.263.89 32.974.1Y2 94.598.rx) 127.572.02 Total Inc(yme Exc8S5 01 Ex Grand Totals 80,263.89 127,572.02 ilure 80,263 89 127,572.02 s Wlll IrKiude al transf8r5 udlffj Iw¥Js.
Unrostrlcted Tradlng AcCnI analysls as at 31.IAAr.2021 ExpendilurelLosses Resources Ex dgd HARITA TIVITI Trading purchases incluthn9 trade expenses less write olllm855 guestsjcosl sa18S. Current Period Previous Period IroMe1GaInS Incomin MEA HARIT Currenl Period Previous Period IN UR Tl TrathThJ sales les5 g)51 0.00 Opening slwk- Qosing SIck Addlsublract lo Trading rehases as above Adju51ed trading purchases lo be used al SOFA cell (8211 0.0) o.fy)
R•strlct•d Funds anal Is as at ExpendilurelLosses Resources Ex ended INVESTMENT MANAGEMENT COSTS 31.Mar.2021 Previous PerKYJ urrent Perfcyj InccwnelGains Incomin Resources rAR Y INC ME Current Perd Previous Pariod Bs SFKlrtslAT 150th PaiilY*gs History Book (fvidend5 lor Athation WeNare NMA Sponsorshlp 535.00 o. o.iJ) 70.00 7.677.10 15,553.fAI 195. 500.C co FUNDS ENERATIN O.(KJ GENERATING FUND 0.00 HARITA8LE ACTIVrnE Welfare NTIN 7,577.40 IN FR HARrrABLE TIVITIE GOVERNAN MBS 1501h Paintings Hislory 8ook OSTS GRAN Wella F1303-Sports AT R312 -sponsorship ANDD NATI 3.313.82 9,766.13 5,12729 1.375.(N) 16,539.63 6,560.89
Restrlctod Funds analyslg contlnuod a8 ot 3141ar-21Y21 ExperKlrturelL¢)sses Resources Ex ended RCO Welfare MBS A302- RAPTC Reunion NMA GOFI R314 . flivid8nds lor Allocation Sponsorshy Sundrles R302 - 1e4)Ih Anniversary Current Period Previous Period IncomelGains Incomin Resources OTHER IN MING Currenl Period Previous Period 1,(NXI.O) 8.645.60 272.52 6.240.55 3.250.IXI 8,551.42 9,433.52 NKIA Gst lickals 15.00 3,510.40 14,11Y).00 IKrERNAL TRAN Wellar8 MBS RAPTC Reunion Sports AT NMA Hislory Book Dividends lor AlICallOnS Anniversary Events GPF FERS, iTrirERNAL TRAN Wellafe MBS RAPTC Reunion Sp5 AT NMA History Book Dividents lor Allctalps Anniversary Events Branch AlltJ¢alions Sport5 Tours 2,018.88 7,595.60 5.0W. 15.978.25 4.6.01 6,8CKI.91 5.000.¢)O 15.345.32 4,751.31 3.745.30 18,444.86 6.262.35 491.01 2,750.01 9.600.02 13.864.89 3,502.62 1.976.18 34.283.72 30.04623 Total Expenditure Excess ol Irwme Grand Tolals 101,725.04 88.744.19 Total Incoffla Excess ol Grand Totals 79.451.63 22.273.41 101,725.04 53,470.84 35,273.35 88,744.19 enditure 101.725.04 88.744.19
Deslgnated Fund5 anatysls as at 31-Mar.2021 EXnlUr@ILOss8s Resources Ex ded INVEST MANA Current Period Previous Per IncomelGaYJs Incomin Res¢)ur¢es Current Perlod Previous Pèriod ARY IN ME EMENT COSTS RATI TIVITIE EN FU o.(Ki HARITABLE ACTIVITIES ENT IN IN FR MERE HARITABLE TIVITIE VERNAN ANDD NATI
De8lgrbated Fund8 analysls contlnued as al 31-M•r.2W21 ExperbdilurelLosses Flesources Ex nded Current Period Previous IncomelGains Incomin Flesources RIN OMIN OURCES Current Period Previous Peri¢xl RE INfERNAL TRAN FER INTERNAL TRAN FER UNREALISED LO INVE TMEN GAN ON REVALUATION F FIXED ET NREALSSED INVE TMENT AIN ON Total Expenthiure Excess ol Income Grand Tol 0.00 Total Income Excess ol Ex GrarKJ Tolats 0.00 ndilure 0.00 0.00 s 1 InLSLKle tralE1S Ilw• to d•g'gnalwl IrKl¢Jle 1 Irun¥l lnchjj¥ Ihose I destyalut
Endowment Fund8 analys1# as al 31-Mar.2021 ExpendilurelLosses Resources Ex ended INVE TMENT MANAGEMENT CO Current Peri)d Previous Perio In¢rynelGains IncomKI Resources NTARY I Current Perbod Prewous Period COST OF GENERATIN FUNDS ACTIVITIE ENERA ND 0.00 HARITABLE A IVITIE INVE TMENT IN 0.00 IN ME RESOURC FR HARITAB ACTIVITIE OVERNANCE CO RANT ANDD NATI
Endowment Funds analy8ls contlnued a8 at 314lar-2021 ExndS1U1wL0SSes Resources Ex ended Previous Perwjd IncomelGaffts Incomin Resources Current Period Previous Period RESOUR o.TrJ IwrERNAL TRAN FERS. iTrrrERNAL TRAN FER o.Ix) Total Expenditure Excess ol Income Grand ToLgIs o.oo Total Income Excess ol Ex nditure Gland Tolals 0.00 o.TrJ 0.00 0.00 s vthi kncILKJe 41 Irarts18r5 ty1[11 lo de5igwod Ilmds. fjnGI dl 11rJ ikne Inm des*nai¥J
Notgs to tho accounts (Paras 2 to 12 are to be completed by all lurKl• wNch have a gvo88 Income of £11)OK or over and tho8• fund8 almdy reglstered wlth t1 Charlty Regulator, all other tundg we to complete Para8 6 and 7 and the daclaratlons at Para 12): Princi al Accountin nlin Convenlron. The frbancial slalements are prepa under the hi8loital cost convention as Modifi by the irtlL&8i¢Jn of inve5trnenlS at market value and in accdance with applicable accounting standards. In prepar1 the statements the chartty folk)ws best practice as sel out in the Stalemenl ol Recommended Pracbce 'AcCting and reporting by Charities. ISORP) 2005 Inc(The 15 recow5ed in the perd in whh the charty is entitled lo receipt. and the amomt can be measwed with reascfth certainty. Grnnts from other agenci85 clud¥)g donations and oiher income from actitieS are in 1Urtherare ol Ihe charitys objects and are part of the general funds ol ihe charity. A restriad ILWKI is onty recowised where Ihls is an agreed and explicil condition of Ihe grant or d(or. 1e. Due lo the dose ClabalIve r8kql¥Msh¥> WKI the marner in which th8 chariivs activities Compliment those of the Amy. nlangbi le iicome, rellected in time and use of premises 15 not quanliliable or measurable and so is nol recognlsed kn the acco1$. Resources Ex nded and Ba ' Al . ExpdttLffe is induded when incurred or exceptionally where a commitment is made which requires an accnjal when pawnent Is lo be made in the subsequent a¢¢ounling period. Similarty, where prepayments are made in recognition ol commilments lalling due in a subseqLnt ac¢ount¥ig peri¢xl, the appropriate credit is entered in the accounts and reversed Ihe fOll1rj . Grants payablft are i)cluded n the SOFA when approved by the Managing Tfuslee. Expendilure is reclSed n the kn whkh il is ncurred. The majority of cosls are directiy attrILXrtab to speci1 acli¥#ies. Irrecoverable VAT Is ¢harg8d to the annual report and accounts. Govemance Costs. Govemance costs are the C( of professtonal a(Ivice, holding trustee meetings or commilloo rneetiry assocHled with deasirm making, any lee for audit or Independent examination and any lee incurred in the preparM. statutlxy prntng or copyww of IP annual rePt and acCots. and Oe recialion ol T le Fix l . Al assels having a purchase value ol more than £500 are wlalised. The cost ol langible fixed as5els are written off by eq1 annl in51almenls over their expected uselul lives using the lollowing methc¥J5 01 depreciation: Furniture. lix1u$ and equipment Molor vehicles Strai1 over a period of 2 . 10 years. Strattht Line a period of 2- 10 years. Assets with a lile ol more than one year bjl wilh a Nvchase ol beltyw £500 ate indudsd within tho inventory but the cosl is wriiten ¢Jff in the it is wKurred arKI is not deFveciated over the uselul Ille ol the asset. Where the assel is depr8clated over a perwxl of fflore than 10 ars. details of the item and period are lo be wovide(I folkn Ihe rwes page 13. Fixed asset investments are inclLKled al markel value al the balance sheel dale. Any gawi or k>ss reVaallon is shtr•m in Ihe Statement of Financial Adiv51ies (SOFA) on page 2.
I k . Purchased stocks are vatLRd al the cost reali5th value making due allowance lor any obsolele or slow-moving ilems. {1) . These are funds that can be wd accordance with the charitable objects al th8 of the Managing Trustee. Designated funds are unre5tri¢lad lunds whlch have been alkxaie(Yeamiarked for a particular purpose by the Managing Trustee and are to be declared in Ihe Managing Tnjslee's comments accordance wilh Para 12 to Ih8s8 noles sialing whal Ihey are intended lo be used lor and wher). {2) Endowment are Ih058 Miveslmenls and other gifts a¢¢epled ment F ty thè unit, the capital sum or prwty being hell perpetuty and the only being available for chariiable use. Fun 13) Re$ These are lunds tr1 can be used particular restricted PUOseS within the objects ol the charity. ReslrKlions arise when specified by the dOr or when funds are raised for PartUlar restricted purpose5. Further explanalmm ol Ihe nature and purpose ol each fund is lo be indLwJed in ts nole5 to the accowts. Herila Lls. In the coutse of Ihe lf$ history. the charty may have acquired gills. memorabilia. regalia. sIfverWa, anli(wes and olher historic artefaGls in the course ol th'slingulsh8d mlilary service in service ol the Crown. The value ol these pipGes i8 in large part derived (rom their close ass0tsallc with Regimental htslory which wedth the use of cVentiOnal valuatK lechn¥Jues being applied. Whilst the obiects of the charity th) not specifically indude preservation and conservati. the pieces represent an essenlial elgmenl ol celebrating the unit's hislw and losler espril-de-corps. Consequenlty the Managing Trustee CC$$ers the charity to hold herilage assets bolh IOT functial use and as an elemenl ol nat1Thl htslory behall of Ihe nation. Herilage assels acquired Prior lo 1 Apr 06 are Iherel¢xe not capilaiised w the balance sheet bul a descriptic ol those assets is dis¢losed as part ol Ihe notes to the accounts. Heritage assets acquired aller 1 Apr 06 where the purchase price is known and which exceed £500.CK) are i1jed in the baSaDce sheet al acqui110 value but are Trjt deprecialed. her Cosls. Other costs are those c0515 not wKurred wi Ihe Lndertaking of thanlable aclsvity In furlherance of the objects ol the chanty. i.e. the prs ol lacilities, recreational programmes or activities in lurlherance ol mllrtary elliciew. Ttw are aLso cos1S incurred in the making ol grants and donalions, in the costs of generating funts. i.e. Ihg Cl iKwred w) tradng or fundraising undertaken by lh• charity. or in 9)veman cosls.
Grants Made. lif total grants are (Ner 5% d the (knitys tthal expenthture). The charity made the loilovmg gls1donatIons. Grants to inslitulions Name ol inslitulions Total numbw ol grants Total amount of tspad Tolal grants to wllutionS Grants to indivtduals Total number of granls gNen Total amount ol rants akl Whilsl Ihe charity has a dose working relatiShIp wilh the Amy. there are no tran5aclions with the Army which require disdosure under SOFIP 2CN)S. The onty transacti$ made by the charity in favour ol the unil aré wholly attribulable lo the charrtable activities of lurthemg mthtary effKien¢y. The Managing Truslee is an olllcer or equivalent and fulfils the role as trustee in accordarKe with the applicable laws and regulations. No expenses have been paid lo the Irusleo. In the that expenses have been paid lo the trustee these are di5close(l under the ManagrKJ Trustee's comments. Isof ital Pro Fixlures littiros & equipment Motor Total Balance bll Purchases Sales & WIOS Depreciation Balance clf 0.00
To I Va8 ol Inv ValL•e £ 375.878.91 Car value (market value at beginning of year Add additiS lo investments at cost (iivesbnents purchased) Less disposds at carrwn value (Investments sold) Addlldeducl) nel gainl{lossl on revaluation at erKI ol accounting perio(Vaudit) Car ng value Imarkel value) at end ol year 81,756.16 457,635.07 reakdown of M rket Val GPFI Lknresiricted Va£ Restricle(I En(kAvment Total value Value £ Income durin Value £ ar Value £ Value £ Inveslmenl woperties Investments listed on a recognised stk exchan Investmenls held n unil trusts or olher collective investment schemes Investments in subsidiary or connected undertakin s arKI companies Securities not listed on a recognised stock exchan Cash held as part of the investment portfolio Other investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 o. 0.00 Tot Debtor Date ol Debl Amounl Total o.oo . There are no amounts lalling due after more Ilwi year (delete as apwwlatel. Llst of redtors Creditof Date of Credil Amounl Total ' Therg are no amounts falling due after rn(*e than (délete as appyowiatel. 10
Pard Em This ar £ Last ar £ Gross wages paid Employels Nalthal Insurance paid PenSn Conlrtbutions paid Tolal slall cosls Give the number ol employees who were engaged n each IA Ihe aclmlies: This year £ Last year £ Costs ol genera1ing funds Charitable aclivilies Other Total 0.00 0.00 No diVIdUal employee received a salary ol over E60.(MM). This ar£ Last year £ Audit or independent examination fee Fleslricle(VEn menl Funds Give details ol the movements ol the individual lurKts summari5gd in the restricted ar¥J erKlowment column ol Ihe Slalemenls ol Financial Acliwties ISOFAI. Fuwl Name Fund Bal BF In¢cwning Resources lor peric4J Outg Resource5 lor period Tr*sfers Gains and losses Bal CIF 0.00 0.00 0.00 'Nel Iranslers out and nel losses are to be entered as negatNe lies. 11
A brief explanati as lo th8 nature and purFLW of Ihe thariV5 RestrKted FurKIs 15 to be wovided. Name ol Reslricled Fund Wellare Purpose of fund The provision ol fÉnancial assistance supwrt ol Welfa and benevc4ence. RAPTC Association annual joumal (Mind, Body and Spirit IMBSI) Sports l AT Grants Funds for pUtlshing and dislribuknng Ihe FIAPTC annual joumal lo enhance esprit-d8-corp5. Welfare wls lo enhance Espril-dtrcorps lor serving Association mernbers through sport5 and advenlurous National Memorial Arboretum Funds lor the biennial rernembrance service at the NMA lo enhance the wellbng and e5Pril-COrPS lor A5soGiation members. Sp(SorShip money received io supp(Yt RAPTC sports teams. Sponsorship Dividends For Alhxaiion Intcrfne Irom Association inveslmenls lo be used lor the good and benefit ol As5(Kialion members. Alkjcaled annuai b the Iruslees. Funds and donations lo be used lor the RAPTC Ass(xialion Garden of Remembrance. Garden ol Remembrance RAPTC Asso¢iali<)n Biennial ReuniL Funds lor the bienni Reunion lo ethance the wellbeing and ewil-de-¢orps IOT Asso¢lali members. Anniversary Events Fun<is 10 offset cosls lor Associalw members attending malor anniversary events. Funds for allocalK¥n lo Association Branches lor the gocY and Benalit of Associallon mémbérs. Funds lo assth RAPTC Sports Teams c)duCt oversea5 lours and offset Ihe c05t to indNidual AssocHI memb8r5. BranGh Allocations RAPTC Sw1s Tours 11. Heritage assets thal are owned by the thanty bul purchasedlacquired prior la 1 Apr 06 are noi includèd in the chariivs capilal property vakne Isee note 1.1). A Ilsvdesuiptitii of these assets is below: 12. DeclaraticS All ol the chariws commilments are pro¥Yled for in Ihe No guarantees have been given lo thwd partwJ. The Charity has not received any loan5 that are ou1$tandU at the year-end and secured on assets. The charity has not uranled any loans lo inslitubu)s or compans cmrrtled with the charity. Th8 charity did not make any ex-gralia paents the ar.
Sullicienl resources are held n an appropriate lomi lo eath fund to be applied in ac¢cnCe wilh the reslriclions imposed. The financial aclivitles. assets and liabilrties of all the charitys or sectiLTh have been cIl¥jd. The Iruslees have rl changed the year end date or the langth cl the ch15 fmancial year. 12
The charity has Th) designated funds {rf lhe are deswated lunts the rea5C for designation and when each designated fund is Intended to be ed by is lo be staled in the Managing Trustee's report). All the charitys operations are cantinuing operalKXlS and Ihere were no operatpS disconlknued or acquired during the year. No lurKls lunreslricled, designaied, restricted endowment) are in defKit at tho balance sheet de. The charity has no Inlangtble assets. There were no wiier-fund loans oulslandng al Ihe balance sheet ¢Jate. None ol Ihe ¢haritY5 functional fixed assets have been rfrvalued durry Ihe >tar arKI the carity does not hav8 a policy ol ievaluakn of these assets. The charity has no subsidiary companies. The charity ha5 no malerlal lixed assets whKh ha¥e not been wlali8ed and luded in thè balance sheel. No internal Iran51ets have occurred out of reslricledlendowmenl lunds. In Ihe event Ihal a Iransler has taken plaGe. lull detsils of the reaSC for the transler are dtscktsed n the Managing Trustee's comment5. All investments held are investment assels wi the UK unkss staled. Note: Where any ol the declarations are not correcl Ihey are lo be crossed and details kyovlded in the Managing Truslee's ccxnmenls. 13
Additional commen. The newly qualified Regimental Accountant slarled 12 M¢thS malemty leave just aller qualiliying so Mrs FaircloWI has ¢tinued ID process the MuseLTh accounts in accordance with Service F(nds Regulation5. Due lo the newly qudilied Regimental Accounlanl tsking malemity leave il has not been F#)ssible lo Iransfer the accwnt 10'PAXTON Ps, or hand over the account. The account will be loaded 10 PAXTON and handed over Ihe retum ol the qualilied accounlanl (Due in Od 2021). The Scoltish Branch debt has been cleared so there are no debtors. Despite the govemment reslrrctions and change ol working environments the As%Kialion Trustees have managed lo aulhori5e the alocalj'on ol furKls Ihroughoul the year Ihe Fwjsilive benelit ol Associat[ members Mrs Fairclough is eongralulaled on her diligence in prcwsing Ihe acco1 thr(yJgh olfficull times. Although she is not qualified and been wtyking from hcAne the accounts have been balanced accurately every monlh and 1 checks carned out In ac¢orrJan¢e wrth Servrce Funds Regulallons. Due lo Ihe Coronavirus lockdowns and rested working prdctrces il has not been possible lo convene a Board 01 Ollicers. Also. wilh a number ol gapF*d Within Ihe HQ and Ihe ¢Jirecled reslriclions it has not been posible lo hand over Ihe Regimental Accounfs duties tt internal audils have been completed throuOut th8 yparf sly¢ure Col {Retd) G B Jones Fund {Regffienlal ACCnIan1 schemeyA0unI Holder (ALNJit Board Sthgrne) Dale= 14
Managlng Trust,¥ Annual Report and Comments: Unit HQ RAPTC Fox ne$, iknen's Avenue. Aldersw Hants. GU112LB In Respect of the RAPTC AssooatiTh) Fundlcharity Charity Cornmlssionffiegulator registered nurnber 1053934 Descrlptlon of the charlty's trusts This should include: Delails, Including date rf krThvn of Ihe tharitvs govemiThJ document {e.g. trust deed, will, constitution etc): and A briel explanatM?n of the charilsvs objects. Where applICae, you may choose to gve details ol any Splf investmenl powets of the charity. Goveming Document (e.g. TrLtsI Deed, Conslitulion The RAPTC Constitution was reviewed and ratified in April 2019 and is due for re- ratification in April 2024. The Intemal Rules that support the Constitution were ratified in September 2019 aThJ also due to be re-ralified in 2024. Objects of the Charity The promotion of efficiew for the Amied Forces Ihr(wh the provision of support to enhance the wellbeing of service personnel and veterans. Explain briefly I)W tteeS are elected or appointe(l aj delaits ol any Inducti aTrJ trustee training attended. Trustee selecti method RAPTC AsS<KiatiC Tiustees are appointed IAW Ihe RAPTC Conslitution. Trustee induction and trainirKJ Induction trainlng is organised and facilitated through recc*3nised providers as and when required. 15
Explain about what Ihe charity is tying to (b arKI how it Is going about it. You are required to provide a brief SiMary of the main activities afKI actrievements of the charity during the year in relation lo ils 04'ect& Summary ol main a¢tivilies in relation lo the Charity5 objects The RAPTC Assooation provides armd mainlain5 a worldwide ¢ornrnunScation network plus the prowsion of welfare and benevolence support thereby enharting the esprit-de-c0}s and the preseThation of RAPTC tradition5 for all Association merrthts (seNirwJ and retired) and their dependants. Summary of main achievemenls ol the Charity durir)g the year The Association has c(tinued to provide welfare aThJ benevolence support for our seNng members aThJ veterans. The RAPTC AssoGtation organised arKI completed a virtual SeNic8 of Commemoolion in lieu of ttie carlled reuni( to celebrale the 160th anniversary of the RAPTC. With unused ff15 from the canc811ed reunion a commissioned sliver piece was purchased to commemorate Ihe 160th anniversary. Funds have also been alk)cated for Ihe benefit of Association members. The AssocialK have conlinued to support Ihe RAPTC Museum Mth an annual granl. Provide a brief review of the financial pogtsTr1 ol the tharity. This Sh1 irKILJde the principle types of inGorne. Finan(ial Review We continue to receive volunlary contrbutions fr our serrfing members thr1h the Days Pay Giving Scherne. The fund is healthy with our investments perfOing in line with inllation and we continue to r1Ve quarterfy dividends from our Investrnents which a used for the o))d and benefii of our members. The Managing Tw51ee 5hwkl give In their report a descriplion of Ihe fdlo*ryng Fyjlicies: For the selectfjc of investments l¢y the charity. For detemiining the level ol income reseNes hal. sta#ng armj explainlng the level of reserwes held. Where grants a made ty Ihe charity. Ihe selection of individuats and titUb0ns who are to reGeive grants wt ol the assels of the charity. Finan(ial reserves policy The A$SatiOn have a 95 Day Notice LKiuidity Manager Account in the RBS as a safeguard against the financial markets taking a serious downtum. Investments selection policy and perfomance ol those inveslmenls The AssrKialion's investments are hekl within Ihe BLK Amlèd Forces Charitie5 Growlh & Income A Inc Inveslment fund and managed by BlackRock on behall of the Trustees. BlackRock provide inveslmenl utMJales biennially or when and as required. 16
Provide,the name of all trusteethe Managing Trustee(s) during Ihe rewrt year. Managing Trustee's nameltrustees, names 8rig E J R Chambertain. Lt Col S Collinson (To 18 Jan 21). Lt Col J Hughes Ilrom 18 Jan 21), Ll Col G Hendrickson MBE (To 11 Nov20). Lt Col C Deed MBE (From 11 Nov 21), Mai W Pacter. Mai S Semple (to 11 Nov 20). Maj D Boocock (From 11 Nov 20). Capt S Jackson, WOI R Mckenzie. Lt Col (Retd) G Davies, Mal (Reld) G Chapman. Maj {Retd) D Kerri(h3e, Maj (Retd) J Larkham, Maj (Retdl T Parker, Maj (Retd) C Wilkins(x). Mr D Smith . seri(A Incidents Public Benefit Slaiement fund provides Ethlic benefft ty assisting ser4ice personnel to more effeGlively perfom thar roles thin the Amed Forces of the Crown. It does thls by: Providing and supporting sporting arKJ adventurous training activities. This assistsn enables serviGe perscne[ to face challenges and danger associated with military Ser¥e by devebping and mainlaining teamwork" skills: fitness., confidence" character, spirit and attilude; arKI morale. As a result the fund promotes the efliciency of the Anned Forces of the Crown by enhancing the British Amisls capability to undertake Ihe roles demanded ol it. ifKluding the defence ol the United lfjngdom and its interests. 11 confim that I IHve paid due regard to Charity Commission of EnglaTrJ and Wales's guidarrE on public benefit when deciding what activities the charity shwld undertake.) 'delete as appropriale. 17
Addiknonal comments (include any (ledaralions vthith were nol c<wrecl IPg 12113)): Due lo Ihe impact of the Coronavirus the level of eXptUre has been lower than nomial with the money tEld in the currenvdeposit accounts increasing over this period. The trustees are content Ihe level ot Wotking capital within the fund is appropriate: the Ftsruj Managw will cortirxje to monitor the level of funds and advise the Trustees accordingly. The Associalion trustees have appjinted a project Off to investyte the suilabla use of Its held in the Garden ol FIemeMbrar reslricled ld Ythich was donated for the specific aim of enhancing the RAPTC Garden of Remembran. The Proiecl offer will report back to the Trustees in Sep 2021. The Regimenlal Secrelary- Lt Cof {Retd) G B Jones is ccmgratulated on his management of Ihe accounts durlng a very difficl1 period and for the scKr#J advice and guidance he pn)vides lor the RAPTC Association Tfuslees. Mfs J Fairclough is also congratulated on her work the accwnts over this drflicult period. StrJna Name Lt Col J H" hes- Date.. 7og{ Appointment SMAA 18
Int•mal AudltofslAudlt Boanl Report '11swhave examined the books of account and record5 from which the final accounts were prepared and have obtained all the infmtion arKI 0xplanatKx thal were necessary far the wrFW of"mylour temal aud "Iwcerbfy that of per cfecks have been a(nIa2 with se1 Funds Regulats'ons. Subject to the observations gfven below"l arth are satisfied that proper books ofac£wnt have been kept and that the final xcounts give a true and fair view of the ftsufts of transactions over the period and of the stale of the Fund's affalrs * at the dale of the balan sheeL Subject also to'mylouf ob5eryations "l an we a Satisfied that cash and bank balances and stcth on hand have been properly checked at prescribed inteTh+als and that adequate nSUran ex. '1g¥<have Starnd and the ryvJinal bcth ofaccount and the (xwjinal reconls.llwe have ¢hed(ed. All vouchers relatlng to this xcount have been £•e. 'W have made the following obserrfallons whilst carying (xrt the intemal audtL" Previous obseN*ions thav&lha¥e not been actiCrfd (fist those ObsentKIn oulslanding). Synthre Nan Date.. ?l/oS/ g I Apwntrnent o e) 3 19
ComdlS02 SPS . Independent Examlnerfs rewt on Ac¢ount& and Comments
ective Res
The Chariws Tru51ees are resp511e for the weparatim ol the a¢ts. The Clwivs Trustees consider
that an audit is not required for this year (under se¢lKM 43(2) ol the ch111 Act 1993
Comdi502 SPS. Independent Examln*s report on AccounK and Commenls ection {Only to be completed d the examiner needs to hthltyt material probm$/d1SClepandeSI Give here brief details of any items that the exwniw wishes to disch)se. Ctynm ts Indeperth Examinerfs SIUre Name Date: Arwwitrnent 21
ComdlS02 SPS- Independent Examlnerfs Report on the Accounts, and Commfrnts Disclo LdiLn (Only to be completed if th8 examiner needs to highlight material problemsldiscrepancies) Give he kief details of any rtems that the examiner IShe5 lo disc105e 02 RAPTC Association Fund I have reviewed the FurKI's income over the last 3 audit period5 arKI genuine incorne has not exceeded £250.000. I have examined the AB 397 balances al the erKI of Audit period. I have checked with the Regt Ac( and there has been event that has had an atr4erse impact on the yrth of the Chanty 5ubsequerrt to the eTKI of the audrt period. No Reslricted Funds have been overspenL The observations made by the intemal audiiorlFM are noted. No DebtOrcrerfrts held. No further cornmerrts Independent Examinerfs Signature Name Ma S Bates Date.. 'L Appointment S02 SPS H 11 INFBD AND