RECISTERED CHARITY NL:,MBER: 1059373 Report of the Trnstees and Unaydit¢d FinAneixl Statements ror the l'ear Ended 31 Nl8rch 2025 for The ViscouDt Ridl¢%' jorth of England Cadet Forc¢s Trust Clii'e Oii"en LLP c.hartered AccounthnLS Kepler HO8¢ Bclmont Dusin¢ss Park DURHAM DHI ITW
The I'iseount Ridlei North Of F.nelAnd CAdtt Forces Trust Contents of the Financial Statements for the l'ear Ended 31 .Ilarch 2025 Page Reference and Admillistrative Dttsils Report of the Truslees Independent Examiner's Report St•¢ement of Financial Acti%ities Balance Sheet Notes to the Financial Statements 8 to 14 Detailtd StatemtDt of Finxntial A¢ttYiti¢s
The Vi5eount Ridlty *orth of Englxnd Cadet Forces Trust Reference and Administrative Details ror the l'ear Ended 31 I14rch 2025 TRLSTEES A A E Glenton CBE TD DL Chairnian E H LoMeOBE DL P.1 Rzker nRF E A Green V B Ja55al R Reed PRIPICIPAL ADDRESS 53 Old Elv¢t Durham Co Durham DHI 3JJ REGISTERED CHARITY N[,.lBER l Oi9373 INDEPENDEYT EMMlThiER Clie Owen LLP Chartered Aruntants kcpier House Belmont Business Park DLiRHm DHI ITW Page I
The I'i%eount Ridley North of England
Cadet Forees Trust
Report of the Trustets
for the l'ear Ended 31 March 2025
The trustees present their report .1¢h the financial slementS of the charit!" for the )'ear ended 31 March 20*5. The
trusiees hai e adopiL'd the proi'isions of Accouniin? and Reportine bi" ChariiiLS.' Staiemcnl of Recommended Practice
applicable io charilies preparing their accounis in accordance ii.ith Ihe Financia] R¢porting Siandard applicable in the
UK and Republic of Ireland l FRS I O?) leffectii'e l Januarn 20191.
Publie Benefit
The Trusi's aims and achiei'ements are sei out thin this rert. The acii&iiies sei out in this port hai'e been
undenaken io further the Trust'5 charitable purpose5 for the publi¢ benefit. The irusiees haK'e complied '1th the duty
under section 4 of the Chariiies Ac¢ 2011 to haie due rcgard (o public benefii guidance published b). Ihe Chariiy
Commission and the trustees hake paid due regard this guidance in deciding iihai actlfvilies ihe (rusi should undertak"¢.
OBJECTII"ES AID ACTII'ITIES
Hislvr)i Obje£tiTre5 ActTr itie5 of the Trust
The North of i.'n?land Resen e l.orces and C adets As50cialion INE RFCAI adminislers and supports the Cadet Forces of
the lour Ser% ices: Ihe Sea Cadet Corps ISCCI: the Arm! Cadel Force (ACFI. the RAF Air Cadeis It14FAC) and the
Combined Cadei Forces ICCFI. It OpereS in the North Easi of England coi"ering Northumberland. Tl'ne and Wear.
Count!, Durham and Teesside. In 199). the Associaiion PresidenL Coloncl The Viscount Ridle).. KG. GCVO. TD.
%"ished to assist cadets from disad1ang¢d backgrounds Mithin the A&sOCi10n.s area to undertake adN"enture. sporting
and leadership actii.ilie5 15.hich i%"ould help them to de¢10P their life skill& mature and reach their true poiential so thai
the). could become usefijl memlxrs ofsociei!..
To this end. the Charilable Trust established on 18ih Ociober 1996 i%iih Lord Ridlei. &$ its Pairon. The
Lord-Lieutenants of the four Couniies also agreed to be Patrons. Boih the iniiial donaiion and the additional amounts
donated since have been under iemis iihich alloii" the tru51ecs either lo relain (hem as capital or snd ihem. ho.¢¥ er,
the polie)" ha5 been to build up a capital sum and ts) direct the ini'estmeni dii"idends io assisi ihe cadds.
The Trusi deed giies the truslees the po.er to applv the funds in such a manner as the) think fit io or for the benefit of
cadets, particularl%" those in necessitous ¢ir¢umstances. It also allo5 the trustees to make grants to promote the
eicienC> and i%elfare of units. sub-units. companies. .]ng5. detachments and squadrons of the Cadei Forces by
improving their facilitie5 and ameniiies. li ma!. make gran in suppon of. or donaiions 10. ani oiher chariiable trus( Ihai
ma!" exist for the benefit of Cad¢i Forces generallN'.
The Inistees identify" projecis And orgxnisaiions thai ihe}" ii.ish to support and so do not make grants to people or
organisdiions ii.ho appl)" speculatiN"el)'. The Tru51 also h&5 a polic% of nol responding lo an!. COeSpondence unless it
i¢liitei 10 gt'4V)ts Li li
The I'lot Ridley North tsf Engl*ttd Cadet Forees Trust Report of the Truslee5 ror the I tar Ended 31 %larch 2025 ACHIEVEMENTS AND PERFOIi%IAICE Achievement and Performance of the Trust During the N"ear. the Trust has been able lo continue its SUPPOrt of ihe 6 Cadei Forces. It has supported man). ¢adeis from disadNanlaged backgrounds lo attend annual ¢amps i%'hereb)'. Ihe cadets receiN'e opportunities thai they thould othernise hai'e difficult>' in accessing. In addition, the irusiees make gran io indii'idual members of ihe Cadei Forces i¥"ho M'ould otheNise be unable io lake an actIe part in Cadel a¢iii itie& These grants i%"ere a&Sed on a ca5e-bN'_case basis. Financial Review, Investment Policv and Re5ervt5 The trustees haN'e sei a polici thai the aiailable funds should be ini'esled as to maiimise the Iolal return {¢apithl groTh plus income) .]lh a medium lei.el of risk. Thc frotn inN"CSiTnClliS fur ihc £34.28] (2024: £34.2821. Tntal return from inTr'estments and other income is split belm'een funds reiained as capital and funds used as income. Although the iru51ees hai'e the poii'er to spend these funds. the ini"eAmeni of capithl is ihe onl>. regular source ot ongoing income and so the fund is ini'esied ii'ith the object]e of ensuring that the fund retains approximatelv its real 'a]ue in the medium iern). This approach means ihe mone). ai'ailable to spend as income can fluctuate. hom'ei'er to en5ur¢ ihe amouni ak"ailable for gran remains relatii'eli. stable from ! ear lo N'ear: the irusiees ha¥".e sei the lei'el of grants ai w.hat is seen io be achieable and sustainable. Thc Trust cmploys RBC Brcwin Dolphin as inN¢slm¢ni advisors fjnd manag¢r5. Thcv chargc a fe¢ of 0.8Vo of th¢ portfolio value per annum and under their management the portfolio has prTrJuced a to1 return of 3.00/0 during the vear. The In1 has chosen not to adopl forn]al ethical inN'estment policies. There w'as a nei exce&s of income oi'er eXnSeS for ihe l.ear amounting to £1.641. (2024.. £7.993), after grnnts and operational expenses of £3? 890 1?0?4.. £?6.5391 and before net gaIn{lO$S¢S) of1£20.178I. {?0?4'. gain of £71.4111. Reserves li is the wlic). of ihe chariii. io mainthin unresIC1ed funds. iihich are the free reser¥'es of the charitN. at a level, Ivhich equates io approximately ii%eli"e months unresiricied expendiiure. This profv'ides sufficieni funds io coi'er managemenL administrdlion and 5UPPOrt costs and io respond to planned and emergenc! applications for granis. iihich arise from lime to time. The remaining balance in reser¥es is a¥"ailable for fuiure ini"esimeni at ihe discreiion of the tnlee5 and InV¥SlTn¥nl Th¥ l¥N¥l vf untrsiri¥L¥d aL 31 M1h 2025 £867.866 12024." £866.085). whilh exceeds ihe le%'els required per ihe reserves policy. FUTLIRE PLAIIS The trusiees intend to conlinue prol'iding grant5 in a similar to the recent p&sl. ii.ith annual pa)ments to ihe six Cadct Forces and grdnts to indii idua15. continuing the emphasis on supporting )oungsiers to achieie (heir true poieniials through involi'ement in ihe lile-skills actI.]lieS proi.ided b!. the Cadet Forces. STRLICTiIRE. GON'ERN.4YCE AND N1.4)AGEIEIT lanagemtnt and Governattct Arrangtmtnts The chariti" is controlled b% its governing documenL a deed of iruA and constitutes an unincorw)rated charity. Page 3
The I'iscount Ridlev Nortb of Eneland Cadet Forces Trust Report of the Trnsttts for tht I'tar Ended 31 llar¢h 2025 The Trust deed proi'ides for a minimum of IM'O and a maximum of SI_N c(wpted tru51ees (CLwrenil) si¥). 'hO shall hold office for reneiiable periods of three %ears. In addition. Ihe trusi deed pro%'ides for the Chief F.%ecutii'e of the NE RFCA io be an e.x-oificio Inlee. The Depul!. Chief F.xcculii'e is the Trusi SecrelaTr'. The trusiees i¥'ho seTred during ihe l'ear 'ere: Colonel A A E Cjlenlon CBF. TD DL IChaim]anl Wng Cdr E H l.oii.e OBE DL Brigadier P J Baker OB, Ex-officio Trusiee. A E Green V B Jassal l fvloir R Reed Thc cTruptcd iTUSiCC5 elca ihc chairman. iil]o is spOnsible for Ihe induaion of an). ne. trusiee. He ensures ihai trustees are ai%are of their responsibilities. the goi'erning document. adminisiratiNe procedures, Ihe history and philosophical approach of the charits.. A nei%. trustee iiould recei%'e copies of the prei'ious )"ear's annual report and accounts and a copy of the ChariTh' Commission leaflei The Esseniial Tn(Ce. What You Need to Kno1¢. The truslees annuall). reiiem. the risks that the chariiN" faces. To date. these hae mainli" relaied to investment managemenl and hal'e been amelioraied b}. diiersified portfolio management under ihe guidance of professional adN isors. The trustees are aiiHre of ihe risks associaied iiiih making gran I for eiample fraud and charities seeking two grants for the same project) an¢L as more mone! becomes aiailable. demand assurances from recipients that mone) is spenl in ac¢ordan¢e H'ith the irusi's pre-conditions. 2¢>2< Approi'ed b). order olthe board oftrusiees on ............................................. and sionLd on its behalf by= A A E Glenton CBE TD DL- TrusLee Page 4
lttdepettdent EMiner'S Report ¢0 the Trustee5 Of The I'iscouni Ridle). North of England Cadet Fones Trust Independent examiner's report to the trustees of Th¢ l-is¢ount Ridley North of England Cadel For¢ts Trust report to the ¢harit% trustees on m%. examination of the accounts of The Viscount Ridle!. N'orth of England C2det Force5 Tru51 (the Trust) for the )"ear ended 31 Klarch 2025. Responsibilities and basis of rewrt As the charits. trustees of the Trust lou a resrKinsible for the preparalion of the accounts in accordance with the requirements of ¢he Charilies Act 2011 I'the Act,). repon in respeci ofm). examinaiion ofihe TrusT'S accounis caled oui undcr ScL(iun 145 of ihr ALI L<irr% ing uul mv examination I haN'e follo"ed all applicable Direaions gi¥en b). the ChariD' Commission und¢r S¢¢tion 145{5Kbl of the Aci. Independent examiner's statement I Lotnpl¥icd Ci<tmin<iiiun. l Lvnfir¥n ihdi nv ffl¢il¢ridl tly[s liavr ioiiie io iii) aiiciition in coimcciion with t]i¢ examinaiion giIng me cause to beliei'e in an!" maierial respeci.. accounting records ii'ere noi kepl in resrKcl of the Trusi as required bj Seciion 130 of the Act.. or the accounLS do not accord iiiih those records- or the accounts do not compll iiiih the appli¢able requirement5 concerning the fomi and coniLni of accoLtnts set out in the Charities (Accounts and Reports) Regulations 2008 other ihan an!. requirement that the accounts gi.¢ a true and fair triei% ii'hich is not a matter considered as part of an independent eiamination. I hae no concerns and haN¢ come across no oiher mallers in connection ii'ith the eiamination to 'hICh at¢ention should bc dramn in thL5 r¥port in order to enable a proper UnderandIng of the accounts lo be reh¢d. N J Bellerb). FCA CTA Clive 0.en LLP Cliailti'¢d ALuounli5 Kepier Flouse Belmoni Business Park DURHAM DHI ITII. Page 5
The Vi5counl Ridley North of Enzland Cadet Fortts Tryst Statement of Financial Activities for the l'ear Ended 31 .%lareb 2025 20?) Total lunds 2024 Total nds Unrestricted nd Restricted fund II%CONIE AND ENDOWMI ENTS FROM Donalions 2iO 250 2iO Invesimeni income 34.281 34.282 Totol i4.531 34.532 EIPENDITURE ON Raising ndS 8.3J3 8.353 7.839 Charitable activities Grant I"unding 20.398 20,398 li.128 Oiher 4.139 4.139 3.572 Total 32.890 32.8 26.539 Net gains/llosses) on inl'estments 140 120.3181 {20.178 71.411 I%ET IYCOMEI(EXPEIDITURE) 1.781 (20.3181 (18.5371 79.404 RECONCILIATION OF FLINDS l 0[ funds broughi fornard 866.085 299.281 1.165.366 1.085.962 TOTAL FLINDS CARRIED FORII'ARD 867.866 278.963 1.146.829 1,165.366 The noies lorni part of these financial sthiemenis Page 6
The I'LOttt Ridky Nortb of Engl)Ind Cadet Force5 Trust B4l#Dte Shtet 31 Ilarcb 2025 2025 2024 L'nresiricied fund Resiriaed fund Toial funds fjJnds Notes FIYED ASSETS InestmentS 10 847.167 278.963 .126.130 .132.664 CURRENT ASSETS Debtors Cash at bank 1.591 22.972 1.591 22.972 1.572 32.930 ?4.503 24,563 34.502 CREDITORS Amounts falling due ii'ithin one l.ear 12 13.8(Al (3.8641 (1.800) ET CURRENT ASSETS 20.699 20.699 32.702 TOTAL ASSETS LESS CURRENT LL4BILITIES 867.866 278,963 1.146,829 ,165,366 I%ET ASSETS 867.866 278.963 1.146.829 1.165.366 13 Unrestricted funds Reslricied fvnds 867.866 278.963 866.085 299.281 TOTAL FUNDS .146.829 1.165.366 The tinancial iaiimLllis IILrL" approi-ed bs" the Board of Tru51CCS ilnd duihori5cd for %ere signed on its behalf by- i55U¢ on A A E Glenlon CBE TD DL- Trustee The notes forni part of these financial statements Pag¢ 7
The '15¢0nI Ridle). North of England Cadti Force5 Trnst otes to tbt FinalleiAI Statements for the )-tar Ended 31 Ilarth 2025 STATL'TORI, [FoR.1.4TIO Thc Viscount Ridlei. N'orth of England Cadel Forces Trull is a charit!. re?istered in England and M.'ale5. The charity s registered number and registered otrice address can be found on the Charity. Inforniation page. ACCOL NTISG POLICIES Basis of preparing the financial stattments The financial siaiemenis of th¢ charit!. iihich is a public Ixncfit cntit!. undcr FRS 102. hai'e becn prepared in accordance li.ith the Charities SORP (FRS 1021 'Accounting and Reporting bi Charities= Staiemeni or Recommended Praciice applicable (o chari(ies preparing Iheir accounts in accordance ii'"ith the Financial Reprtrrting Standnrd xpplicahle in the l.'K Ar Repuhlic nf Ireland IFRS I Q?) leffectii'e l JanuAry 2n191 and the Charities Aci 2011. The financial statements hai¥'e been prepared Lfftder hislorical cost conN'enlion. There th'ere no maieria] departures from that standard. The principal accounting policies adopled in the preparation of the financial statements are set out beloi%' and hai'e remained unchanged from Ihe preiious lear. and also hai'e been consi5tcntl!' applied iiithin ihe same accounis. Cash flow exemption The charity. has taken adN'antage of the following disclosure exemption in preparing these financial statements. as pemiitted b). FRS 102 The Financial Reponing Siandard applicable in the UK and Republic of Ireland,: the requirements ofseciion 7 Sialement of C&sh Flom. Incom¢ All income is recognised in the Ststemeni of Financial Actii'iiies once the charii!. has entiilemeni to the funds. it is probable that the income i¥ill be receii.ed and the amount can be measured reliablfv.. Expenditurt l.iabiliiiLS are recognised as expenditure as soon as there is a legal or conslructive obligation committing the charii) to that expendiiure. it is probable thai a wansfer of economic benefits ii'ill be required in settlemeni and the amnunt nf the nbligaticbn can me&%Ltred reliahl)_ F.nditU is accounted for nn an accruals h&sis and h&s been classified under headings ihai aggregaie all cost related to the caiegor%'. ..here costs cannol be diredl). attributtd to parttcular headings thcTr ha*c bccn all(Ked to actil'iiics on a basis con5i5tcnt IlIh thc usc of resources. rdnt5 offered 5ubjeci io conditions th1¢h hai"e noi been mei ai the j.ear end dale are noted as a commiimeni bui noi accrned as expendiiure. Support ¢05¢5 I he costs of (he prepardiion and examination ol slatutor¥' accounts. the costs oltrustee meelings and cost of an legal advice to tnsiees on gowemance or consiiiuiional mallers are included in ihe SOFA as suppon costs. AllocatioD aDd apportionment of c05t5 Suppon costs direcil%' allributable lo an actii'it! hai'e bttn allocated to that actiN its". 11.'here support costs cannot be direc(lJ allribui¢d io ani" ac(ii it). the)" haN"c bccn alloc¢ltcd in proponion dircLi cipcnditurc. Tax reclaims on donations and gifts The charity is exempi 1.rom on lis charitable aCtiltie& Fund aceounting Unrestricted funds can be used in accordance Mith the charithle objertii'¢s ai the diretIOn of the trustees. Restricted funds can onl) be used for particular resiriaed purposes 1th1n ihe objecLS ofihe Chari. Restrictions arise H'hen specified b). the donor or 114)en lunds are raised for panicular restricted purposes. Page 8 Continued...
The I'i5tount Ridley 'orth of EnglaDd Cadet Forces Trust Noles to the FiD#n¢ial Stattments- eontinued for the l'ear Ended 31 llarch 2025 ACCOU NTING POLICIES- CODtinued Fund accounting Further explanation of the nature and purpose of each fund is included in the notes to the financia] statement& FiDaDcixl instrnments The chariii has financial as5eis and liabilitie5 of a kind ihai qualify as basic financial insirumeni5. financial insiruments are initiall). recognised at Irdnsaction ialue Mnd subs¢quen(l) measured at their settlemenl 'alue. Ini'estments Iniesimenis quoied on a recognised 510ck exchangc are i'alued ai markci "alu< ¢lL ¢nd. DOI%ATIONS 2025 2024 Donations 250 250 Income from donations w'ere £250 12024.. £2iOI iihich UnreS1Cled in the current and preN"ious }'¢ar. INVESTI¥IENT 14COME 2025 2024 DiN'idends and interesi from managed funds 34.281 34.282 Income from inN'esimenls iltre £34.281 {2024.' £34.282) i%'hich was unremricied in the current and previous 'ears. RAISING FuDs Raising don4lions and legacies 202) 2024 HonorariLkm paymen InvestmeD¢ mDagemeDt costs 2025 2024 In'eStMen1 management costs 8.244 7.728 Expenditure from raising funds iitrc £8.244 12024= £7.7281 iithich 'aS unrestricted during the CLErrent and previous s'ear. Asgresate amounts 8.353 7,839 Page 9 coniinued...
The N'iscoun¢ Ridie) North of En%land Cadtt Force5 Tru51 otes to the Financial StAttmtnts - eontinutd ror the lear L"lldtd JI .Il#r¢h 2V25 CHARIT.4BLE A1VITIEs COSTS Grant Funding 202) 2024 Clei'eland ACF Durham ACF Northumbria ACF ea Cadels RAF Air Cadets Combined Cade Oiher 2.113 3.534 4.312 2.245 1.618 85 ?.292 1.042 6.358 9.438 1.885 330 274 20.398 15.128 Expendiiure on charitable aciii iiies ilere £20.398 120?4= £15.128) of hhich £20.398 .#$ unrestricled 12024- £15.1281 and £Xil IN2s re#ri¢ied12024.. £ Nil) SLPPORT COSTS Management costs Totals her re50urce5 expended .739 2.41x1 Support costs. included in the above. are as follo5. lanagement 2035 Othcr resoUe5 expended 2024 Total acii¥-iiies Inswance Coiiipui¢r ¥0515 1.645 94 1.736 1.739 1.736 Govtrnanee costs 20?5 O(her resources expended 2024 actii.ities Independent examiner fees 2.400 1.836 Page 10 continued...
The Viscount Ridky INortb of EnglADd Cadet Forces Trust Notes to the Financi41 Stalemenls- continued for the l ear Ended 31 llarch 2025 TRUSTEES, REIIUIEIUTIOS AND BENEFITS There i¥'ere no trustees, remunerdiion or oiher benefiis for the j'ear ended 31 March 2025 nor for the )"ear ended 31 March 2024. Trustees, expenses There M'¢ no trusiee5' e¥penses paid for the l'ear ended 31 March 2025 nor for the >'w ended 31 March 2024. CO.MPARATIVES FOR THE STATE%IENT OF FIIANCIAL ACTII'ITIES Unresiricted ruiid Reslricted ruild Toial ruiids INCONIE AND EDowlETS FROII Donations 250 250 Inve5tmcnl income 34.282 Total 34.532 34.532 EXPEh'DITURE ON Raising funds 7.839 7.839 Charitable activitie5 Grani l-unding 15.128 15.128 Other 3.572 3.572 Total 26.539 26.539 Net gains on ini"eamenlS 68.506 2.905 71.411 NET INCOME 76.499 2.905 79.404 RECONCILIATIOPI OF FUPIDS Total l-unds brought fonN"ard 789.586 296.376 1.08i.962 TOTAL FLINDS CARRIED FoR'ARD 866.085 2W.?81 1.165.366 Pagell continued..
The I'iscount Ridley.%orth of En2land Cdet Forces Trnsl otes to the Finaneial Statements - continued for tht l e8r End 31 %lartb 2025 10. FI.XED ASSET IYI'ESTIIENTS Listed ini'estments MARKET VALUE Ai l April 2024 Additions Disposals Rei'aluations 1.132.664 138.460 172.6071 172.387) Ai 31 March 20?5 .126.130 NET BOOK N'ALUE Ai 31 N'larch 202) .126.130 Ai 31 March 2014 1.13? 664 Therc i%'ere no ini"estmeni assets 0Side Ihe L'K. Cosi or va]uaiion 31 March 2025 is represenied b>.: Lisied ini'esiment5 Valuation in 2025 .126.130 DEBTORS: A.IIOLTI%TS FALLIc DIE '1TH71 ONE I'EAR 2025 2024 Prepa}'ments 1.591 .572 12. CREDITORS: AMOLNTS FALLI,NG DLE II'ITHIN ONE I"EAR 2025 2024 Other creditors 3.864 1.800 13. MOVEI¥IEYT IIY FUP*DS Net mofvemenl in funds Al At 1.4.24 Unrestricted fund5 Generdl fund 866.085 1.781 867.866 Restricted funds Restricted funds 299.281 120.318) 278.963 TOTAL FUYDS -16i.J66 118.537) .146.829 Page 12 continued...
The kiseouni Ridley North of F.nglgnd Cadet For¢e$ Trnst Notes to tbe Financial Statements- coDliDued for the l'ear Ended 31 .Ilxrch 202$ 13. MOVEMENT 11% FUNDS- continued Net moN'emenl in fund& included in the abo¢ a as folloHs: Incnming resources Resources expended Gains and 10&se5 Movement in fund5 L.nrestritted fknnds General lund 34.531 (32.8901 140 1.781 Restricted funds R¢*ri¢ied tunds (20,318} {20.3181 TOTAL FL I%DS 34.531 132.8901 (20.178) 118.5371 Compar4tives for movement tn fund5 Net moi'ement Ai 31.3.24 At 1.4.23 in funds Unrestrieted funds General fund 789.i86 76.499 866.085 Restricted fund5 RLsiriiLid fuiids 2.376 2.905 299.281 TOTAL FUNDS 1.08i.962 79.4(H 1.165.366 Comparative net moi'ement in funds. included in ihe aknve are &5 folloms: Incoming resources Resource5 expended Gain5 and losses Mowement in fun(ts LTDrestrieied funds (ieneral fund 34.532 126.53YI 611,506 76.499 Restricted funds Restricied funds 2.90) 2.905 TOTAL FUNDS 34.532 (26.5391 71.411 79.404 Page 13 continued.
The I'iscount Ridley Nortb of England Cadet Force5 Trust otes lo the Financial Statemtnts- conlinued for the l'ear Ended 31 llarch 2025 13. IOVETrIE)T IY FliilDS- tontinued A Cuent l'ear 12 months and prior l'ear 12 months combined rM)Sition is as folloi¥5: moi"emeni in funds At 31.3.25 At 1.4.23 iinrestricted funds Gen¢ral furKI 789.586 78.280 867.866 Restrieted funds Re*ricted funds 296.376 (17.4131 278.963 TOTAL FLI%DS 1.085.962 60.867 1.146.829 A currenl )"ear 12 months and prior )'ear 12 months combined nei movemeni in funds. included in the aboi.'e are as follo.5.. Incoming resources Resources expcnded Gains and losses 0emen1 in fund5 Unrestricted funds General lund 69.063 159.429) 68.646 78.?80 Re5tri¢ted fund5 RL5trictid lund (17.413) {17.4131 TOTAL FUI%DS 69.063 159.429) 51,233 60.867 Unresiricted general funds aTr ai"ailabl¢ lor LLse in accordance knith the charitable Objethie$ ai the dis¢reiion of the trustees. Rericted funds represents: A donaiion from ihe Audrei, Dance Tru for the benefit of Northumbria ACF. The donation .&5 inN'e5ted and generales an income from dii'idends. A don10 of ihe preedS from ihe closure of the Londondern Trlall Trusi for ihe ben¢fit of Durharn Arn]y Cadei Force.The donation il'as ini'ested and generales an income from diN'idends. 14. RELATED PARTY DISCLOSLRES There i%'ere no related part!. transactions for the l'ear cnded 31 March 2025 nor for thc )'car cndcd 31 March 2024. Page 14
The I'tt Ridley Ni Orth of England Cadet Forres Trust Detailed Stattment of Financial Aetiities for the l-ear Ended 31 llarth 2025 202) 2024 INCOIIE AI%D EYI DOW'.IIENTS DoDtiotts Donations 250 250 Investment incom¢ Dii idends and intLrest from managed fund5 34.281 34.282 Total tneoming resource5 34.)31 34.532 EXPENDITLRE Raising dona¢ioD5 #nd legacies Honorarium paNments Investment management costs Ink'estment manaeemenl costs 8.244 7,728 Charitable a¢¢ivities Grant lunding 20.398 15.128 Support costs Nlanagement Insurance Computer c0515 1.64) 94 1.736 1.739 1.736 Governanee eosts Independent examiner fees 2.400 1.836 Total resoLtrces expended 32.890 26.539 Net income before 24iDs 4nd losses 1.641 7,993 RealÉsed re¢ognised gains and lows Gain( losses) on Iixed asset in¥'esimen15 120.178) 71.411 Net (expenditurevincome (18.5371 79.404 This page does noi form part of the Statuto financia] sthtemenis Page 15