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 HO￿8¢
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
Cli￿e Owen LLP
Chartered Ar￿untants
kcpier House
Belmont Business Park
DLiRH￿m
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 s￿lementS 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 re￿rt. 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 Oper￿eS 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 disad1an￿g¢d backgrounds Mithin the A&sOCi￿10n.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 s￿nd 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 allo￿5 the trustees to make grants to promote the
e￿icienC> 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!. CO￿eSpondence unless it
i¢liitei 10 gt'4V)ts Li li<ii ￿te¢d iv Ilidkr ur (v ilir griirrdl iihaii¢i8eITi¢iiI Itusl.
Tax St#tus
As Ihe Trust is recognised b). the Charits. Commissioners and HM Re¥enue and Customs as being esthblished for
charitable puryxises. il is exempt from the Wxalion of its profits. Its Charits. Commission number is 1059373.
Procedures 4nd Policy for Grant l¥laking
The trustees normalli. me¢t biannuall! to consider ii.hal grants the!. ￿11] make and to rei.'ieii' an￿ feedback the}, have
receii'ed. The!. hai'e identilied risks that the chariTh" faces and confirm that adequate si'stem5 are in place to le5s¢n these
risks. The irustees make annual grants io the 6 Cadei Forces ISCC. three ACF Counties. RAFAC and CCI.s). 1.he
amount of mone!. gii'en depends on the available income from ini'estments. In addition. the trustees consider requests
for special ￿ants from indii"iduals. iihich are channelled through iheir respeciii"e Cadei Forces. The Trust SecreLVN' is
auihorised 10 make single grJnis ot.up 10 £3.0(K) ￿lthOU[ prior reference io the m￿CeS.
During th¢ }ear. grants of £20.398120?4= £15.128I i%ere made to cadets and £10912024: £11 I I lias paid as honorari&
The Trusi Secretary. mainiains a record of grants made to ad￿lse the MIS￿e5 on the t%"pe. amouni and proportion of
grants made 10 each cadei force.
The irustees ali¥'avs seek feedback on the aciual use of the grants gii'en. and the achiei ements made. including those
given to indii'iduals. The eiplanaiions and feedback ￿Cell ed are SU￿]C]ent for moniwring ihe i alue of the grants made.
Richard Reed handles the financial affairs ol Ihe charit) and the Association Cadei Clerk proN'ides the da>'_Io-da)'
clerical support.
Page 2

The I'l￿o￿￿t 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 actI￿e 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
gro￿Th 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 achie￿able 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 to￿1 return of 3.00/0 during the vear.
The In￿1 has chosen not to adopl forn]al ethical inN'estment policies.
There w'as a nei exce&s of income oi'er eX￿nSeS 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 unres￿IC1ed 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 tn￿lee5 and
InV¥SlTn¥nl Th¥ l¥N¥l vf untrsiri¥L¥d aL 31 M1￿h 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)AGE￿IEIT
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 In￿lee. 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 ha￿e 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 E￿Miner'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 ca￿led 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 gi￿Ing 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 ha￿e 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 Under￿andIng of the accounts lo be re￿h¢d.
N J Bellerb). FCA CTA
Clive 0￿.en LLP
Cliailti'¢d ALuoun￿li5
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'L￿O￿ttt 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
In￿estmentS
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¢0￿nI 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(K￿ed to actil'iiics on a basis con5i5tcnt I￿lIh 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 aCti￿ltie&
Fund aceounting
Unrestricted funds can be used in accordance Mith the charithle objertii'¢s ai the di￿retIOn 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 UnreS￿1Cled in the current and preN"ious }'¢ar.
INVESTI¥IENT 1*4COME
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 Fu￿Ds
Raising don4lions and legacies
202)
2024
HonorariLkm paymen
InvestmeD¢ m*DagemeDt 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 A￿1VITIEs 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 follo￿5.
lanagement
2035
Othcr
resoU￿e5
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 E￿Dow￿lE￿TS 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
C*det 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 0￿Side 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 FALLI￿￿c DIE ￿'1TH7*1 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 Cu￿ent 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
0￿emen1
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 Objethi￿e$ ai the dis¢reiion of
the trustees.
Re￿ricted 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 don￿10￿ of ihe pr￿eedS 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'￿t￿￿￿t Ridley Ni Orth of England
Cadet Forres Trust
Detailed Stattment of Financial Aeti*ities
for the l-ear Ended 31 llarth 2025
202)
2024
INCOIIE AI%D EYI DOW'.IIENTS
DoD*tiotts
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