REGisfERED CHARITY NUMBER: 1059373
Report of the Trustees And
Unaudited FinAnci*l Statements
for the Y￿r Ended 31 March 2024
for
The Viscount Ridley North of Engl¥nd
Cgdet Forees Trnst
Clive Owen LLP
Chartered Accounlanls
Kepler House
Belmoni Business Park
DURHAM
DHI ITW

The Viscount Ridley North of England
Cadet Forces Trus1
Contents of the FinAneixl Stalements
for tht Yt%r Ended 31 M*reh 21124
Page
Refcretttt and Administr*tivt Details
Report of the Trustees
Independent Examiner's Report
Statement of Fin4Dcial Aetiviti
Bal•nee Sbeel
otes lo the FinaDei*l Statements
8 to 14
DetAiled Ststemtnl of Fin*neixl AttiVTties
15

The Viscount Ridley North of England
C*det Force5 Trust
Reference and Admini5trntii'e Detgils
for the l ear Ended 31 .%IArcb 2024
TRUSTEES
A A E Glenton CBE TD DL Chairnwi
E H Lnwe OBE DL
P J Baker OBE
E A Green
V B Jassal
l Moir
R Reed
PRINCIPAL ADDRESS
53 Old Elvet
Durham
Co Durham
DHI 3JJ
REGISTERED CHARtrY
NIIMBER
1059373
INDEPENDENT EXAMINER
Clive Owtn LLP
Chartered Accountants
Kepler House
Belmont B ￿lnesS Park
DURHAM
DHI ITW
Page

The Viscount Ridley North of England
Cadtt Forre5 Trnst
Report ol the Trustees
for the I.￿r Ended 31 Mxrch 2024
The trustee5 present their report Wtth the financial stalements of the charity for the ended 31 March 2024. The
truslees have adopled the provisions of Aceounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities prewing their accounts in accordance with the Financial RepK)rting Sthndard applicable in the
UK and Republic of Ireland (FRS 102) (effective l January 2019).
Public Benefrt
The T￿51,5 aims and achievements are set out within this T¢￿rL The activities set out in this report have been
undertaken to further the Trust's charitable purwses for the public benefJL The trustees have complied with the duty
under 5eclion 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity
Commission and the trn4tee￿ have paid due regard to this 8uidgnce in dKiding wthat ￿tIvItIeS th¢ trust should und¢rtakc.
OWEcfivES AND AcfiviTIES
History* Objectives *nd Activities of the Trust
The North of England Reserve Forces and Cadets A5￿Ciall0n (NE RFCA) administers and sUp￿rts the Cadei Forces of
the four Services: the Sea Cadet COTPS (SCC). the Arniy c￿et Force (ACF), the Air Training Corps (ATC) and the
Cornbined Cadei Forces (CCF). It operates in the North FAst of England covering Northumberland. T￿e and Wear,
County Durham and T¢¢ssidc. In 1995, th¢ Association PresidenL Colonel The Viscount Kidley, Kti. (JCVO. TD.
wished to assist cadets from disadvantaged backgrounds within the Asw¢ialion's area 10 undertake adventure. sporting
and leadership activities which would help them to devek)p their life skills. mature and Teach their true ￿)￿ntIal ￿ that
they could become w8eful rnembers of soctety.
To this end, the Charitable Tru51 w&8 estsblished on 18th (ktoixr 1996 with Lord Ridley as its Patron.
tK)rd-Lieutenants of the four Counttes a150 agreed to be Patrons. Both the inilial donation and the additional amunts
don￿ed since have been under terrns which allow the tr￿ste¢S either to relain them &5 capital or spend thenL IM)wever.
the policy has been to build up a capitsl sum and to direct the investment dividends to assisi the cadets.
The Trusi deed gives the tn￿le¢S the power to apply the funds in such a manner as they think fil io or for the benefit of
cadets. particularly tlK)se in ne¢es5ilous circumslances. li also allows the trustees to make grdnts to promote the
efficiency and welfare of units, sulFunits. companie& wings. detschments and squadrons of the Cadd Forces by
improving their facilities and amenities. It may make grants in SUp￿rt of. or donations tn. any nther charitable trust that
may exist for the benefit of Cadet Fon*s generally.
The tr￿ste¢S identify projects and organisations that tly wish to supwrt and so do not make grants to pwple or
organisation5 who apply speculatively. The Trust also has a FK)licy of wl responding to any correswindence unle&s it
relaies lo grants it has agreed io make or ￿ the general management of the tr￿St.
Tax Status
As the Trust is recognised by the Charity Commissioners and HM Revenue and c￿$10m5 as being established for
Charitable purposes, it is exempt from the laxation of its profits. Its Chanty Commission number is 1059373.
Procedures and Policy for Gr*n¢ M*king
The trustees nomially meei biannually lo consider what grdnts they will make and to review Jny fttdback they have
received. They have identified risks thai the charity faces and confinn thai adequate systems are in place lo lessen these
risks. The trustees make annual grdnts to the 6 Cadet Forces (SCC. three ACF Counties. ACF and CCFS). The amount
of money given depends on the available incorne from inveslments. In addition. the trustees consider requests for
special grants from individuals, which are channelled through their respective Cadd For¢e5. The Secretary is
authorised to make single grants of up kn £5.(KKI withoul prior reference to the tru￿e¢S.
During the year, grants of £15.128 (2023: £32.W2) were made to cadets and £1 11 (2023: £359) was paid as l¥)noraria.
The Trust Secretary maintains a record of grants made to advise the tru5*es on the type. amount and proryTrrtion of
rdnlb made ro each cadei force.
The trustees aIways seek feedback on the actual use of the grants give￿ and the ¥hievements made, including those
given to individuals. The explanations and feedback received are sufficieni for monitoring the value of the grants made.
Richard Reed handles th¢ financial affairs of the charity and the Associalion Cadet Clerk provides the day-tO&day
clerical support. Both receive an annual honoraTiUm.
Page 2

The Viscount Ridley North of England
Cadet Forces Trust
Report of the Trustees
for the l ear EDded 31 .M¥rcb 2024
ACHIEVEMENT AI% D PERFORMA.NCE
Achievement and Perfonn*nce of the Trust
During the year. the has been able to continue its supw)rt of the 6 Cadd Forces. li has 5UPPOrted many cadets from
disadvantaged backgrounds lo attend annual carnps whereby, the cadets rtteiv¢ opportunities that they would otherwise
have difficulty in accessing.
In addition. the tn￿teeS make grants to individual members of the Cadet Forces who would otherwise be unable to take
an active part in Cadd activilies. These wants were ￿eSSed on a C￿-bY-case basis.
Financial Review, Ini'estmtnt Poliey and Reserves
Th¢ trustee5 have sct a policy that ihc availabl¢ fwid5 should b¢ invested so &s to m￿lM]se the tothl return (wital
Bro￿ plus income) with a medium level of risk. The income frorn inveslments for the year was £34.282 (2023:
£33,702).
Totsl return from investmenls and other income is split between funds retsined a5 c4pitsI and funds used as income.
Although the trustees have the p)wer to spend these fimds. the investment of capital is the only regular source of
ongoing income and so the fund is invested with the Obj￿IlVe of ensuring that the fimd retains approximately its real
value In the medium lemi. "I his approach means the money available to spend as income can (]uciuaie, however io
ensure the amount available for grants remains relatively stsble from year io year. the trustees have sel the level of grants
what is seen ￿ be achievable and suslainable.
The Trust ernploy5 Brewin Dolphin Ltd as inveslmeni advi￿)rS and managers. They charge a fee of 0.80/0 of the p)rtfolio
value per annum and under their managemenl the portfolio has produced a loLql return of 2.V/o during the year.
trust has chosen not to adopi fomial ethical investment p)licies.
There w&$ a net excess of income over expenses for the year amounting to £7.993. (2023: net exce55 0 expenses over
income of £1 1.275), after grants and operdlional expenses of £26.539 (2023: £44,977) and before nei gain￿{lOs$cs) of
£71.411, {2023.. loss of £186.410).
It is the wlicy of the charity tt) maintain unrestricted funds, which are the free reserves of the charity. at a level. which
equales to approximatel). twelve month5 unre5tricied expenditure. This provides sulTicient funds lo cover managemenL
administrniion and support costs and io resw)nd to planned and emergency applications for gran￿ which arise from time
to tirne. The remaining balance in reserves is available for future investhient * ihe discrelion of the tn￿te¢S and
investment managers. The level of unrestrl￿ed reserves &s at 31 Ma￿h 2024 w&8 £866.085 (2023.. £789,586). whtch
cxceeds the levels required per the reserves tK)liey.
FUTURE PLANS
Th¢ trustees intend to continue providing grants in a similar Wdy to the recent p￿, with annual payments to the six
Cadet Forces and grants to individuals. continuing the emphasis on supporting youngsters to achieve their true potentials
through involvement in the life-skills aclivities provided by the Cadet Forces.
STRUCtURE, GOI'ERNANCE AND MAI%.4GEMENT
Management and Governance Arrangements
The charity is conlrolled by its governing documenL a deed of trust and conslitules an unincorporated chanty.
Page 3

The Viscount Ridley North of Engl*nd
C*de¢ Forces Trust
Keport of the Trustees
for the Year Endtd 31 .￿larCh 2024
The TNSI deed provides for a minimum of two and a maximum of six CIFOPt￿ trustees (currently six). who shall hold
office for renewable period5 of three years. In addition. the tn￿1 deed provides for the Chief Executive of the NE RFCA
to be an ex￿￿1¢10 trustee. The Deputy Chief Executive is the Tn￿1 Secretary. The trustees who served during the year
Colonel A A E Glenton CBE TD DL (Chairnian)
Wng Cdr E H LA)we OBE DL
Brigadier P J Baker OB, Ex-officio Trustee.
A E Green
V B Jassal
l Moir
R Reed
The c(￿OPled trustees elect the chainnw4 ￿ is responsible for the induction of any new tr￿Stee. He er￿ureS that
I￿*¢5 are aware of their responsibilities, the governing documenL adrninistraiive procedures. the history and
philosophical approach of the charity. A new tr￿￿te¢ would receive copics of the previous yearfs annual report and
accounts and a copy of the ChaTity Commission leaflet The Essential Trustee: What You Need to Know.
The tnLStees annually review the risks that the charity faces. To date. these have malnly related to investment
management and have been ameliorated by diversified ￿rtfoliO nwwment under the guidance of professional
advisors. The trustees are aware of the risks associated with making grants (for example fraud and charities seeking tm
ants for the same project) and, as rnore moncy becomes available. demand assurances from recipients that money is
spent in accordance with the trusvs pre-conditions.
Approved by order of the board of tr￿￿t¢S on 29 OctobeT 2024 and sigKd on its behalf by:
A A E Glenton CBE TD
Page 4

Independent EIaminer's Report to the Trustees of
The I'iscount RidleF North of England
Cadet Forees Trnst
Independent examiner's report to the trnstees of The Viseount Ridle) North of Engl*Dd Cadet For¢￿ Trust
J report lo the charity trustees on my examinaiion of the accounts of The Viscount Ridle). North of England Cadet
Forces Trust (the Trust) for the year ended 31 March 2024.
Responsibilities 4nd basi5 of report
As ihe Charity truslee5 of the Trus1 you are responsible for ihe preparation of the accounts in accordance with the
requirements of the Charities Act 2011 (Ihe Act.).
I report in respect of my e￿qMinatiOn of the Trust's accounts Carried under Section 145 of the Aet and in carrying out
my examination I have followed all applicable Directions given by the Charity Commission under Section 14515Kb) of
the Act.
Independent examiner's statement
I have completed my examination. I confinn that no material matters have come to my attention in conneclion with the
examinalion giving me cause to believe thal in any material r¢5pect.'
accounting records were not kept in respect of the Tn￿1 as required by Section 130 of the Act; or
the accounts do nol accord with those records: or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out
in the Chariiies {Accounts and Rew)rts) Regu1￿10nS 2008 other than any requirement thai the accounts give a
true and fair view which is not a matter ¢on5idered &8 part of an independent examination.
I have no concerns and have Come acr055 no other matters in conneciion with the examination to which attention should
be drawn in ihi5 report in order to enable a proper understanding of the accounts io be reached.
N J BelleTby FCA CTA
Clive Owen LLP
Chartered Accountsnts
Kepler House
Belmont Business Park
DURHAM
DHI ITW
29 October 2024
Page 5

The Viscount Ridley North of Ettghnd
Cadet Forees Trust
statement of Financi*l Activities
for the I"eAr Ended 31 March 2024
2024
Tolal
nds
2023
Total
funds
Unrestricted
fi￿d
Restricted
fund
Notes
INCOME AND ENDOWMEKfs FROM
Donations
250
250
Investment Income
34.282
34,282
33.702
Total
34.532
34.532
33.702
EXPENDITURE ON
Raising fund5
7.839
7.839
8,586
Ch*ritsble activities
Grant funding
15.128
15.128
32,902
Other
3.572
3.572
3,489
Totsl
26.539
26,539
44,977
Net gainsl(losses) on investrnents
68,506
2.905
71,411
(186.410)
NET INCOMEJ{EXPENDITURE)
76.499
2.905
79.404
(197.685)
RECONCILIATION OF FUNDS
Total funds brought forward
789.586
296,376
1.085.962
1.283.647
TOTAL FUNDS CARRIED FORWARD
866,085
299.281
1.165.366
1.085.962
The notes fonn part of these financial ststements
Pag¢ 6

The Viseount Ridlty North of Engl*Dd
Cadet Forcts Trust
Balance Sheel
31 .March 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricled
fund
Notes
FIXED ASSETS
Investments
10
833.383
299.281
.132.664
1.033.957
CURRENT ASSETS
Debiors
Cash at bank
,572
32.930
,572
32.930
1,6
54,086
34,502
34.502
55,730
CREDITORS
Amounts falling due within one year
12
(1.800)
(1.800)
(3.725)
NET CURRENf ASSET5
32.702
32.702
52.005
TOTAL ASSETS LESS CURRENT
LIABILITIES
866.085
299.281
.165,366
1.085,962
NET ASSETS
866.085
299.281
.165,366
1.085.962
FUNDS
Unrestricted funds
Restricted funds
13
866,085
299.281
789.586
296,376
TOTAL FUNDS
1.165,366
1.085.962
The financial 5talernents were approved by the Board of Tru51ees and authorised for issue on 29 October 2024 and were
signed on its behalf by=
1._{4(.
A A E Glenton CBE
- T￿￿tee
The notes forni part of these financial slatements
Page 7

The Viscount Ridley North of England
Cadtt FDrce5 Trust
otes lo the Financial Statements
for the Yegr Ended 31 M*rch 2024
STATirroRY INFORMATION
The Viscount Ridley North of England Cadet Forces Trusl is a charity, reglstered in England and Wales.
The charity's ￿gistered number and registered office address can be found on the Charity Inforniation page.
ACCOUKllNG POLICIES
Basis of preparing the ststements
The financial statements of the charity, which is a public benefii enlity under FRS 102. have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Re￿rtIng by Charilie5: Sthtement of
Recommended Prdctice applicable to charities preparing their accounts in accordance with the Financial
Re￿rtIng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) and the
Charities Act 201 l. The financial thternents have been prepared under hislorical cost convention.
There were no material departures from that standard.
The principal accounting policies adopled in the preparation of the financial statements are set out below and
liavt ieiiaai¥irJ un[h4￿￿Ed frurn thr prcvious y¢ar. and also have been consisienily applied within the same
accounts.
Cash flow eiemption
The charity has taken advantsge of the following disclosure exemption in preparing these financial statements. as
perniitled by FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,:
the requirements of Section 7 Statemenl of Cash FIows.
Ineome
All income is recognised in the Statement of Financial Actlvilies once the charity has entitlement to the funds. it
is probable thai the income will be received and the amount can be M￿ured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or construclive obligalion committing ihe
charity to that expenditure. it is probable that a transfer of t￿nOmiC benefits will be required in settlemenl and
the amount of the obligation can be measured reliably. Expenditure is accounled for on an accruals basis and has
been classified under headings thai aggregate all cost related to the category. Where Costs cannoi be directly
atiribuled to particu18r headlngs they have been allocated to athivities on a basis consistent with the use of
resources.
Granls offered subject to conditions which have not been rnet at the year end date are noted as a cornmitmeni but
not accrued as expenditure.
Support costs
The costs of the prepardtion and examination of statutory aCCoL￿ts, the costs of trusiee rneetings and cost of any
legal advice to trustees on governance or constitutional matters are included in the SOFA as support Costs.
Allocation and apportionment of eosts
Support cos15 direcily attributable to an athivity have been allocated to thal aclivity. Where support Costs cannol
be directly attribLkted to any activity they have been alloc*ed in proportion tr) direct expenditure.
T4x reclaims oll donations and gifts
The charity is exempt from t&x on its charitabl¢ activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the di$¢￿tIOn of the trustees.
Restricted funds can only b¢ used for particular restrict¢d puryyoses within the objects of the charity. Restrictions
arise when specified by the donor or when funds are rnised for particular re5trided purposes.
Page 8
continued...

The Viseount Ridley North of England
Cadet Forces Trnst
Notes to the FinAncial SIAtements- continued
for the l'ear Ended 31 %1Arch 2024
ACCOLIIYTI*G POLICIES- continutd
Fund accounting
Further explanation of the nature and purw)se of exh fiuKI is included in th¢ noles lo the financial stalements.
Finantial instruments
The charity has financial &￿ts and liabilities of a kind that qualify as basic financial instruments. B&sic
financial instruments are initially recognised at ¢raDsaction value and subs¢quently measured at their settlement
value.
Investments
Investmenls quoted on a recognised sk)ck exchange are valued at market value at the year end.
DONATIONS
2024
2023
Donations
250
Income from donations were £250 (2023.. £Nill which was unrestricted in the current and previous year.
INVESTMENT INCOME
2024
2023
Dividends and interest from managed funds
34.282
33,702
Income from investments were £34.282 {2023: £33.702) which unrestricted in the current and previous
RAISING FIINDS
RAising donations and legacies
2024
2023
Honordrium payments
359
Investment m8nagement eosts
2024
2023
Investment management costs
7.728
.227
Expenditure from raising funds were £7.728 (2023: £8,227) which Wds urwestrict¢d during the current and
previous year.
Aggregate amounts
7,839
8.586
Page 9
continued...

The Vis¢ouDI Ridley North of England
C*dtt Forces Trust
Iyoles to the Financial StsitmentS- CODtinued
for the l'ear Ended 31 March 2024
CHARITABLE ACTIVITIES cosrs
Grani Funding
2024
2023
Cleveland ACF
Durham ACF
Northumbria ACF
Sea Cadets
RAF Air Cadets
Combined Cadets
Other
3,534
4.312
2245
1,618
85
2292
1,042
3.290
2.595
2.504
5.562
670
11,407
6.874
15.128
32.902
Expenditure on charitable activities were £15.128 (2023: £32.gX)2) of which £15.128 was unrestricted (2023..
£32,902} and £Nil was rcstricted (2023: £ Nil)
SUPPORT cosrs
Govenwice
costs
Management
Totals
OtheT resources expended
.736
1,836
3,572
Supwrt costs. included in the above. as follows:
Management
2024
2023
Total
activities
expended
Insurawe
1.736
1,743
GovtrD4nce costs
2024
Other
resources
expended
2023
Total
activities
Independent examiner fees
1.836
1.746
Pa8e 10
ntinued...

The Viseount Ridley North of England
Cadet Forces Trust
Notes to the Financial Statements- continued
for the l'ear Ended 311larch 2024
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustce5' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Trustees, expeD5es
There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrcstrictcd
fund
Rcstrictcd
fund
Totyl
funds
INCOME AND ENDoWME￿fS FROM
Investment income
33.702
33,702
EXPENDITURE ON
Raising funds
8.586
8.586
Charitable activities
Grant funding
32.902
32.902
Other
3.489
3.489
Total
44.977
44,977
Net gainsl(losses) on investments
(154.008)
(32.402)
(186.410)
NET INCOMEI(EXPENDITURE)
(165283)
{32.402)
(197.685)
RECONCILIATION OF FUNDS
Totsl funds brought fon¥ard
954.869
328,778
1.283.647
TOTAL FUNDS CARRIED FORWARD
789.586
296.376
1,085,962
Pagell
ntinued.-.

The Viseouni Ridlty North of England
Cadet Forces Trusl
Notes to the Financial StAtemen¢s - continued
ror Ihe Year Ended 31 .MAr¢h 2024
io.
FIXED ASSET INVESTMEKrs
Listed
investments
MARKET VALUE
Ai l April 2023
Additions
Disposals
Revaluations
1.033,957
78.052
(35,793)
56.448
At 31 March 2024
1,132,664
NET BOOK VALUE
At 31 March 2024
1,132.664
At 31 March 2023
1.033,957
There were no investmenl assets outside the UK.
Cost or valuation at 31 Ma￿h 2024 is represented by:
Lisied
investments
Valuation in 2024
1,132,664
ii.
DEwfoRS: AMOUNTS FALLING DUE WITHIN OIYE YEAR
2024
2023
Prepajinents
.572
12.
CREDITOILS: AMOUNTS FALLING DUE wrfHIN ONE YEAR
2024
2023
Other creditors
1.800
3.725
13.
MOVEMENT IN FUNDS
Net
movement
in fi￿dS
At
31.3.24
At 1.4.23
Unrestrieted funds
General fund
789.586
76,499
866.085
Restricted funds
Restricted funds
296.376
2,905
299.281
TOTAL FUNDS
1,085.962
79,404
1.165.366
Page 12
continued...

The Viscount Ridley North of England
Cgdet Forees Trust
Notes to the Finsncial Statements - continued
for lh¢ I'e¥r Ended 31 .%larch 2024
13.
MOVEMENT IN FUNDS- continued
Net movemenl in fimds, included in the aknve are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
Gene￿ fund
34.532
{26,539)
68.506
76.499
R¢stricted fulld5
Restricted funds
2.9)5
2,905
TOTAL FUNDS
34.532
(26.539)
71.411
79,404
Comparatives for movement in fun
Nei
movement
in fimds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
954.869
{165.283)
789.586
Restricted funds
Restricled funds
328.778
(32.402)
296.376
TOTAL FUNDS
1.283.647
(197.685)
1,085,962
Comparative net llM)vement in fimds, included in the aiK)ve aTe ls follows:
Incoming
resources
R¢50urees
expended
Gains and
losses
Movement
in funds
Ilnrestricted fun(Ls
General fund
33.702
(44,977)
{154.008)
(165,283)
Restricted funds
Restricled fimds
(32.402)
(32,402)
TOTAL FUNDS
33,702
(44.977)
(186.410)
(197,685)
Page 13
continued..-

The Viscount Ridley North of England
Cadet Forees Tru5¢
tyotts to the Financial Statements- eontinued
for the Year Ended 31 .M4rch 2024
13.
MOVEMEwf IN FUNDS- continued
A current year 12 mnths and prior yeaT 12 months combined wsition is as follows:
Net
movement
in fimds
At
31.3.24
Ai 1.4.22
Unrestricted fund5
General fund
954,869
(88,784)
866.085
Restricted funds
Restricted funds
328.778
{29.497)
299.281
TOTAL FUNDS
1.283.647
(118.281)
1.165.366
A current year 12 months and prior year 12 nN)nths combined net rnovement in fill)ds. included in the above are
as follows:
Incorning
resources
Resources
expended
Gains and
losses
Movement
in funds
U￿r￿triCted funds
General fund
68.234
{71,516)
{85,502)
(88.784}
Restricted fund8
Restricted funds
(29,497)
(29,497)
TOTAL FUNDS
68.234
(71.516)
(114,999)
(118,281)
Unrestricled general fimds are available for use in accorda￿¢ with the charitable objectives at the discretion of
the trustees.
Restricted funds represents:
- A donation from the Audrey Dance Tn￿1 for the benefit of Northumbria ACF. The donation w&$ invested and
generates an income from dividenits.
- A donation of the proceed5 from the closure of the IA1ndonde￿ Hall TnLSt for the benefit of Durham Arniy
Cadet Force.The donation was invested and generates an income from dividends.
14.
RELATED PARTY DISCLOSURES
There were no related party transaction5 for the year ended 31 March 2024 nor for the year ended 31 March
2023.
Page 14

The I'istount Ridley North of England
Cadet Forces Trust
Dttxiled Stgtemeni of FlnAnri41 .4ctii'iries
for the l'ear Endtd 31 Ilarch 2024
2024
2023
INCOME AIYD ENDOwmE￿rS
Don8tions
Donations
250
Investment income
Dividends and interest from managed funds
34,282
33,702
Tot*1 incoming resourr
34,532
33,702
EXPENDITURE
Raising donation5 *nd leg*ei
14onordrium payments
359
Investmtnl man*gemenl costs
Investment management costs
7.728
8227
Cbarit*ble activities
Grant funding
15,128
32.902
Support costs
*nggement
Insurdnce
.736
1,743
Governwnce costs
Independent examiner fees
1.836
1.746
Totsl resources expended
26.539
44,977
Net ineomel{espendilure) before gains and
losse5
7,993
(11275)
Realised reeognised gains Ind losses
Gainsl(105ses) on fixed &%set investments
71.411
(186.410)
Nel incomel(expendilur¢)
79.404
(197,685)
This page dnes nni fnrm part of the Slat￿Ory fin2ncial statements
Page 15