THE ROYAL CORPS OFARMY MUSICTRUST
REGISTERED CHARITY NUMBER 1073432
Annual Report and Financial Statements for the year l April 2024 to 31 March 2025
filROUG
The Charity's principal address is:
Headquarters
The Royal Corps of Army Music Trust
Cloutman Building
Gibraltar Barracks
Minley
GU17 9LP

Contents
1.List of Trustees
2.Governance
3.Objects of the Charity
4.Annual Report
5.Independent Examiner's Report
6.Statement of Financial Activities
7.Balance Sheet
8.Analysis of Income and Expenditure

I LIST OF TRUSTEES
Trustees
Role
Date of appointment
Lieutenant General David Eastman MBE
Colonel Simon Neil Haw MBE
Colonel David Andrew Barringer MVO MBE
Lieutenant Colonel Craig Hallatt
Lieutenant Colonel Lauren Petritz-watts
Warrant Officer Class One David James Hatton
Warrant Officer Class One Grant Sewell-jones
Doctor Marc van Grondelle MSC PhD
Mr Nik Preston
Professor Philip Dermot McEvoy OBE
Mr Vincent Eckerman
Mr Francis Roseman
Ms Nicky Murdoch
Mr Graham Norton
Chair
6 September 2021-Retired 4 June 2025
Trustee
Retired -15 May 2024
Trustee/Chair 15 May 2024- Acting Chair 4 June 2025
Trustee
Retired - 2 September 2024
Trustee
2 September 2024
Trustee
3 April 2023 Retired 2 July 2025
Trustee
3 July 2025
Trustee
l March 2014-Retired 20 September 2024
Trustee
23 April 2015 -Retired 4 April 2025
Trustee
29 November 2016
Trustee
30 March 2022-Retired 13 November 2025
Trustee
3 November 2022-Retired 4 December 2025
Trustee
19 December 2024
Trustee
5 April 2025
Corps Secretary
Mr John Arvid Camillo Huggins
Major Guy William Bennett
Secretary
Secretary
Retired- 30 September 2024
l October 2024
Contact the Secretary
Telephone: 07976 292818
Email: RCAMCor
ssecreta
Gmail.com
GOVERNANCE
It has been a busy year for the charity with turnover of trustees. A major review of the
Governance is ongoing, having commenced in April 25, to prepare for the changes that will come as a
result of the new Charity Governance Framework and the changes to the Statement of Recommended
Practice ISORPI due to be implemented on l January 26. The trustees undertook trustee training in July
25 to refresh their knowledge and a skills audit which will ensure that we have the right skills and
experience on the board for the next phase in its development. We have transferred our accounts to a
digital platForm Xero which will reduce risk and speed up our processes.
Colonel S Haw MBE retired as Corp5 Colonel (Trusteel on 15 May 2024 and Colonel D Barringer
MVO MBE was appointed Corps Colonel (Trustee) on 15 May 2024. On 2 September 2024 Lieutenant
Colonel C Hallatt Principal Director of Music (Army) (Trustee} retired, and Lieutenant Colonel L Petritz-
Watts was appointed Principal Director of Music IArmy) (Trustee). On 20 September 2024, Dr M van
Grondelle retired as a Trustee. Mr J Huggins retired as Secretary on 30 September 2024 and Major Guy
Bennett was appointed Secretary on l October 2024. Ms Nicky Murdoch was appointed as a Trustee on 19
December 2024. Mr Nik Preston retired as a trustee on 4 April 2025. Mr Graham Norton was appointed as
a Trustee on 5 April 2025. Lieutenant General Eastman MBE retired on 4 June 2025 and Lieutenant Colonel
Baringer MVO MBE was Voted to act as Chair. Warrant Officer Class One David Hatton retired as Corps Sgt
Major on 2 July 2025 and Warrant Officer Class One Grant Sewell-Jones was appointed as Corps Sgt Major
ITrusteel- On 13 November 2025 Mr Vince Eckerman retired as a Trustee. The Trust thanks all outgoing
trustees for their dedication and service and would like to extend a warm welcome to all new incumbents.

OBJECTS OF THE CHARITY
Object l. to promote the efficiency of the army and in parkncular that of the Royal Corps of Army
Music (the Corps) in such ways as the trustees from time to time think fit.
Object 2. to foster esprit de corps and comradeship between all seNing and former members of
the Corps.
Object 3. to relieve either generally or individually serving and former members of the Corps and
their dependants who are in conditions of need, hardship or distress Ibeneficiariesl.
Object 4. to promote the education, training, physical fitness and efficiency of members of the
Corp5.
The Trust is open for membership to serving members of The Royal Corps of Army Music who
subscribe one day's pay a year to the Charity through the Day's Pay Giving Scheme. On joining a member
becomes a 'life' member, eligible for welfare and benevolence whilst serving or in retirement.
Subscriptions are only collected from serving members of the Corps, but donations are welcome from all
retired members and establishments.
ANNUAL REPORT
The Trust has three funds- an unrestricted Genernl fund and two restricted funds: Army Sports
Control Board which provides grants for Corps sporttng activity and the RCAM Trust'5 Enterprise funds.
The latter of these will close in FY 25/26 as RCAM Trust Enterprises Ltd has now been set up as a Limited
Company and has its own Bank Account. RCAM Trust Enterprise Ltd is solely owned by RCAM Trust and any
protits will be gifted back to the RCAM Trust. The report also shows custodian funds (presented as
restricted) managed through these accounts for the British Army Jazz Orchestra, the British Army Bra5S
Band, the Director of Music's Presentations, Kneller Hall Club and the Roots Memorial Prize funds and the
Army Musicians Association.
The Corps Journal
The journal of The Royal Corps of Army Music, "Fanfare" is published annually and distributed to
all members of the Corps and is available for purchase to those who have an interest in the Corps or
military music and is essential for communicating with serving and veteran members. This year £201 was
received in subscriptions for the journal and production costs were £4,119. Postal copies of the journal
were extended to include members of the Army Musicians Association, as well as the Kneller Hall Club, the
Corps, veteran associations.
Financial Report
The overall general fund income for this period was £147,385, a small decrease of 4¥0 on the
previous year's amount of £153,145, showing a reduction of £5,760 compared to an increase of £7,679 in
the previous year. The total Trust income was £127,573 lunrestrictedl, a slight decrease on last year'5
figure of £131,214.
The overall expenditure for this period was £255,481. This higher than normal expenditure was
mainly due to the cost of the RCAM 30 celebrations1£77,8491 and an additional grant to the Museum of
Army Music1£20,0001. To mitigate this there is currently a significant drive underway to improve
fundraising.

The deficit of £109,000 is due to the exceptional expenditure during this FY in support of RCAM 30
and the £20,000 grant to the Museum of Army Music.
The Statement of Financial Activity shows Subscriptions (Day's Pay) was £72,550, up £4,787.
Merchandise expenditure was £6,462, more than last year's £5,728 and remains higher than previous
th
years as a result of expenditure on Corps 30 Anniversary in 2024.
The Trust encourages welfare grants, which are a significant means of encouraging fitness and
sporknng activities through the contributions made to individuals, cost of taking part in adventure training
and other sporting activity. These activities develop not only part of an individual's continuous
professional development, but also the esprit de corps and moral component within the Corps and wider
Army. The Army Sports Control Board annual grant of £10,000 received was better utilised this year with a
total of £8,777 in grants provided. Adventurous Training remains the greatest part of expenditure in the
area of welfare support, demand in this area more than doubled with an overall spend of £32,000 against
£15,506 last year.
In addition to the regular Annual Grant of £5,000 to the Museum of Army Music, Registered
Charity No 273762, an additional one-off grant of £20,000 was made in this FY. There we no other
donations of grants to other Charites.
th
There was further significant expenditure in support of the Corps, 30 Anniversary Project of
£77,849. When added to the expenditure of £40,434 last year in preparation for this major event the total
cost of RCAM 30 was £118,283. Whilst this is a signiticant amount overall, this project was a huge success
and delivered a tangible sense of Corps Ethos with the entire Corps gathering to celebrate.
4.10
Benevolence grants are used to support Army musicians and their immediate dependants who
req uire assistance through illness, disability or other personal conditions. Generally, grants are only a part
of the individual's needs and are made after in depth liaison with external service charities through their
caseworkers. Expenditure in this area has increased significantly by £13,896 to £22,807. A 1590/0 increase
from last year's £8,911. This increase is testament to the success of promoting the benefits and
benevolence available to Trust Members.
4.11 A loan of up to £150,000 has been agreed by the Trustee5 to set up Royal Corps of Army Music
Trust Enterprise Ltd. Only £1,000 of this loan has been made during this reporting period, with a further
£19,000 paid in May 25. Trustees have agreed a further instalment of £20,000 at their recent Board
Meeting on 13 November 2025. No further advance against this agreed loan has been made as at the date
of this report.
4.12 The Corps Trust purchased a No l Dress Uniform for the Honorary Colonel Commandant, Col
Robert Rinder MBE, at the cost of £2,190. This is a one-off expense.
Reserves Policy
4.13 The Royal Corps of Army Music Trust's Funds are generated primarily through donations from the
One Day's Pay Scheme and investments income. Trustees are satisfied that the Trust funds remain
sufficient to continue to support the objectives appropriately, sustaining the effi'ciency of the Corps and
those in need.
4.14 The Trust Reserves Policy recognises Restricted and Unrestricted funds, the latter of which include
the Free Reserves which are kept available for use in future years and include the RCAM Trust's Enterprise
th
project and the Corps, 30 Anniversary events. It also considers strategic planning for catastrophic events,

a planned increase in administrative spending and a working capital to support the objects for the next
five years. This is a total of £1,021k.
Volunteers
4.15
RCAM Trust currently has no volunteers.
Structure, Governance and Management (Governance)
th
4.16 The Royal Corps of Army Music Trust is constituted by a Deed of Trust {Dated 8 January 1999) and
st
th
was entered onto the Charity Commissioners Register on 21 January 1999. On 15 October 2020, these
were amended to reflect new practices and changes to the ex-officio Chairmanship and Board membership
composition. As such it is an unincorporated association. It should be noted that the Board of Trustees
have agreed to convert RCAM Trust to a Charitable Incorporated Organisation in early 2026.
Related Parties
4.17 There were no related party transactions during the year.
Investments and Cash
4.18 A total of £1,121,361 was held as investments at the end of the year. Investments consist of
£564,726 with Waverton Investment Management Ltd (now known as WIMI and £556,635with Blackrock
Armed Forces Charity Growth & Income {Distribution) Fund. Interest and dividends payments received
totalled £33,671. There was an overall loss on the value of the investments of £27,744 for 2024/25,
caused by a £29,738 loss in the value of the Black Rock investment. However, both investments have
grown more than this since the year end.
4.19 All funds are managed through two bank Accounts. The primary Current Account administers the
Unrestricted Funds and Restricted Funds. The second, Special Interest Bearing Account (SIBAI provides
some additional income to the charity through interest, this year returning £4,703 a significant increase on
last year's £2,641, but this was due to investment monies being held in this account prior to transfer to
Waverton. There was £32,150 held in the primary Current Account, £29,770 in the SIBA. There is £100 in
Petty Cash, the intention is to deposit this amount into the bank account as there is no longer any
requirement for Petty Cash as all payments can be made via bank or contactless card payments.
Bankers
4.20 Royal Bank of Scotland (Holt's Military Banking).
Disbursement Policy
4.21
Disbursement for Trustee Expense are provided in accordance with the Financial Controls policy.
Trustees may claim back any reasonable expense incurred whilst executing their duties and must complete
the expense form provided.
4.22 The Trustees will continue to welcome applications from serving and former members of the
Corps of Army Music for disbursements which fall within the Objects of the Trust.

Statement of Trustees, Responsibilities
The trustees are responsible for preparing the annual accounts in accordance with applicable law and
United Kingdom Generally Accepted Accounting Practice.
The trustees are required to prepare accounts for each financial year which give a true and fair view of the
state of affairs of the charity and of the incoming resources and application of resources of the charity for
that period. In preparing these accounts, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities Statement of Recommended Practice, where
appropriate;
make judgments and estimates that are reasonable and prudent; and
prepare the accounts on a going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the accounts
comply with the Charities Act 2011.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps
for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 19 December 2025 and signed on their behalf by:_
Col D Barringer MVO MBE
Colonel
Corps Colonel
The Royal Corps of Army Music
Headquarters
Cloutman Building
Gibraltar Barracks
Minley, GU17 9LP

INDEPENDENT EXAMINER'S REPORT
Independent Examiner's Report to the Trustees of The Corps of Army Music Trust.
Year Ended 31 March 2025
I report to the charity trustees on examination of the accounts of The Royal Corps of Army Music Trust I'the
Charity") for the year ended 31st March 2025.
Responsibilities and basis of the report
As the Charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111"the Act").
I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act. In
carrying out my examination I have followed all applicable Directions given by the Charity Commission under
section 14515}{b} of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confi'rm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that
the accounts give a 'true and fair view, which is not a matter considered as part of an independent
examination.
Signed:
Date:
2&Z
Robert Charlton FCCA
for and on behalf of:
Numeric Accounting Ltd, Suite I, The Portway Centre, Old Sarum Park, Salisbury, SP4 6EB.

STATEMENT OF FINANCIAL ACTIVITIES
The Royal Corps of Army Music Trust
For the period from 01 April 2024 to 31 March 2025
Unrestrictsd
Desi8natsd
Restritted
Total
Prior ￿r
fijnds
funds
funds
funds
total lunds
Income and endowmentsfrom..
Donations and legacies
81,749
io,oio
9,612
101,371
86,541
Incomefrom charitable actI￿tIeS
4,308
4,308
374
Othertrading artnif(ies
3,142
3.142
1,568
Investments
38.374
38,374
59,206
Other iDcome
190
5,456
Total income
127.573
io,oio
9,802
147,385
153,145
Expenditure on..
Raislngfunds
10,581
10,581
9,707
Expenditure on charrfcable attiwties
Grants forthe benefit of indi￿dUal$
191,359
8,777
200,136
102,516
Grants to othercharities
25.000
25,000
7,550
Grant makin88nd othersupport costs
8.609
8,609
9.300
Other expenditure
11,155
11,155
16,393
Total expenditure
235,549
8,777
11,155
255,481
145,466
Nèt income/ lexpendiiurel resources before transfer
1107.9761
1.231
Its531
1108.0961
7.697
Transfers..
Gr055 transfer5 between funds- in
11,610
Gros5 transfers between funds-out
111,6101
Other retognised gainsJ1055e5
Gain5110s5e5 on investment assets
127,7441
127.7441
25.894
68ins on revalLJation, fixed assets, tharity'5 own use
Net movement in funds
1135.7201
1.233
113531
1135,8401
33,573
Reconciliation of funds
Total fund5 broughtforward
1,284,706
13,772
38,199
1,336,677
1.303.104
Total fun¢5 carried forward
1.148,986
,QD5
35,846
1,200,837
1.336,677

BALANCE SHEET DETAILED
The Royal Corps of Army Music Trust- 1073432
For the period from 01 April 2024 to 31 March 2025
Asat
31 Mar 2S
Aszt
31 Mar 24
FvAed assets
Heritage assÈts
13.200
13.200
Investments
1,121,361
586,373
1,134,561
599.573
Curr¢nta55ets
Dèbtors
3.256
8,828
Cash At Bank And In Hand
62,020
728,276
65.276
737.104
Liabilities
Credftors.. Amounts Falling Due In One Year
Net current assets less current liabilities
65.276
737.104
Non-current
Assets
Long-term loans
1,0
1.2LK).817
1366.677
liabilities
Total net assets less liabiif£ies
1.200.837
1.366.677
Represented by
Unrestricted
Unrestricted General Funds
1,148,986
1,284.707
Designated
Deslgnated- Army Sports Control Board
15,005
13,772
Re5triLtsd
Re￿rItted- DOM Presentation Fund
5,491
5,491
Restricted- WO
5,864
5,864
Restricted- BABB
1,065
1,065
Restritted- Enterprise
2,,529
8,141
Restrirted- Kneller Hall Club
4,585
5,668
RestrScted-Army Muslcians Association
5,342
Re5tricted- Roots Prize Day
360
360
Re5tricted- Other
11,610
11,610
Fund Tota15
L200.8a7
1336.677

ANALYSIS OF INCOME AND EXPENDITURE
The Royal Corps of Amiy Music Trust - 1073432
For the period from 01 April 2024 to 31 March 2025
Totsl
General
Designated
Restricted
Asat
31 Mar 25
A5at
31 Mar 24
Income and endowments from:
Donations and legaties
2201- Subscriptions (Day's Payl
72.550
72,550
67,763
2202- Donations Concerts
2,497
2,497
200
2203- Donations Persontl
3,839
3,839
773
2204- Donation Corporate
2,313
2,313
1.320
2205- Donations Collections
550
550
2206- Grants- Army Sports Control Board
io,oio
.010
io,tyJo
1.938
1,938
1,443
3333- Kneller Htll Club Reunion
2,232
2,232
4,50S
3334- Kneller H811 Club Sales
loo
l(M)
437
3337- Army Musitsans A$50oation Income IAMAI
5,342
5,342
io
3344- DOMS Presentation Fund
90
Donations and legacies Totals
Income from charitable activities
81.749
io.oio
9.612
101,371
86,451
1161- Benevolent Grants Return
25
2220- Refund Welfare Grants
2,064
2230- Wtlfare & Adventurou5 Training
2,043
2,043
3351- Corp5 Journal Fanfare Subs
201
201
349
Income from charitsble activitie5 Tots15
4,308
4.308
374
Other tradinE activities
3382- Merchandise Sale5
3,142
3,142
1,568
Othertrading activitie5 Totsls
3.142
3.142
1,568
Investments
4422- lllterest RBS SIBA
4,703
4,703
2.641
4423- Interest Wèverton Investment Management
9.954
9,954
NIA
4424- AFCIF BlackRock Drrfidends
23,717
23,717
56,565
Investments Totals
38,374
38,374
59.206
Other income
3346_ RCAM Enterprise
190
5,456
Other income totals
190
190
5A56
Income and endowments Grand totals
127,573
io,oio
9,802
147,385
153,145
Expenditure on:
Raising fund5
3561- Corps Journal Printing
4,119
4,119
3,979
4324- Merthèndise Expenditure
6.462
6,462
5,728
Raising funds Tota15
10,581
10,581
9.707

Total
Asat
31 Mar 24
General
DesiBnated
Restrlcted
A5at
31 Mar 25
Expendlture on tharitsble activities
Grants for the benefit of indlvlduals
1665- Benevolent Grants
22,807
22,807
8,911
1671 -Wre8ths and Flowers
80
80
2512- Trainlngcourses
6SO
2662- welfa￿ Grants
5,760
5.760
6,901
2663- Welfare Ellie Sports
7.325
7,325
2664- Welfare Sports
2,335
2,335
786
2665- Welfare ASCB
8.777
8,777
6,091
2666- Welfare Grants Adventurous Training
32,0(
32,0(h)
15,606
2667- Welfare Music
5,994
5,994
250
3313- Anniversary Projects (CAMUS 301
77,849
77,849
40,434
3511- RCAM Prizes
1,343
1,343
78
3515- Officers, Serge8nt5'1 HQMesses
5,844
5,844
10,2LKI
3567- Ethos-VÈteran5
2,035
3568- Éthos- Expenditure
15,675
15,675
5,100
45Ql- Roots
4601- Presentations
14,347
14,347
5.474
191.359
8.777
2LVJ.136
101516
Grdnt5 to other charities
4304- Grantsto other Chariti
25.000
25,000
7,550
25,iXIO
25.000
7.550
Grant making SUPPOrt costs
4335- Postage
L311
1.311
4517- Stationery
456
456
89
4562- RCAM Tru5tee5 Meeting
40
40
4564- RCAM Trustee5 Expenses
128
128
30
4565- Othersupport Costs
2,190
2,190
4586- CompLrter& IT
1,785
1,785
3,534
4590- IDdependeDt ex8tnination fees
1,440
4440
1,440
4600- Bookkeepingftes
520
520
2,574
4723- Insurance Premium5
581
581
606
4724- Bank Charge5
158
158
103
8,609
&609
93QJ
Expenditure on ¢harftable activities Totals
235,549
.777
2H.326
119.366
Other expendtture
3532- Kneller H?11 Club Purchases
1,877
3536- Kneller Hèll Club Expendlture
1,685
1,685
50
3,668
3.668
9,720
3544- DOM'S Presentation
210
4542- BrStish Armyjazz Orchestra IBAOI
579
4544- RCAM Enterprise
5,802
5.802
3,957
Other expendlture Totals
11,IS5
11,155
16,393
Expendlture Grand totals
235,549
8,777
11,155
255,481
14S,466