THE ROYAL CORPS OFARMY MUSIC TRUST REGISTERED CHARITY NUMBER 1073432 Annual Report and Financial Statements for the year l April 2025 to 31 March 2026 ROUG The Charity's principal address is: Headquarters The Royal Corp5 of Army Music Trust Cloutman Building Gibraltar Barracks Minley GU17 9LP
Contents List of Trustees Governance Objects of the Charity Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Analysis of Income and Expenditure
LIST OF TRusfEES Trustees Role Date of appolntment Lieutenant General Sir David Eastman KBE Chair 6 September 2021-Retired 4 June 2025 Colonel David Andrew Barringer MVO MBE Trustee/Chair 15 May 2024- Acting Chair 4 June 2025 Lieutenant Colonel Lauren Petritz-watts Trustee 2 September 2024 Warrant Officer Class One David Jame5 Hatton Trustee 3 April 2023 - Retired 2 July 2025 Warrant Officer Class One Grant Sewell-jones Trustee 3 July 2025 Mr Nik Preston Trustee 23 April 2015 -Retired 4 April 2025 Professor Philip Dermot McEvoy OBE Trustee 29 November 2016- Retired 15 July 2026 Mr Vincent Eckerman Trustee 30 March 2022-Retired 13 November 2025 Mr Francis Roseman Trustee 3 November 2022-Retired 4 December 2025 Ms Nicky Murdoch MBE Trustee 19 December 2024 Mr Graham Norton Trustee 5 April 2025 Corps Secretary Major Guy William Bennett Contact the Secretary Telephone: 07976 292818 Email.. RCAMCor 5Secretar Secretary 30 October 2024 Gmail.com GOVERNANCE 2.1 It has been another busy year for the charity with a change of chair and several trustees retiring. The Governance review has been completed 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 Prathce1SORP261 due to be implemented for accounting periods commencing on or after 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 completed a full tinancial year operating our accounts on the digital accounting platform Xero. 2.2 As part of the recommendation of the governance review the RCAM Trust will convert to a Charitable Incorporated Organisation ICIOI. The new entity, to be called The RCAM Charity, has been set up119 February 261 and all assets will transfer to this CIO as at 31 March 26. The RCAM Trust will close once this Annual Report has been finalised by the Trustees, signed bythe Chair on their behalf and uploaded onto the Charities Commission Webslte. 2.3 General Eastman KBE retired as Chair on 4 June 2025 and Colonel Barringer MVO MBE stepped up as interim Acting Chair. Mr Nik Preston retired as a trustee on 4 April 2025. Mr Graham Norton was appointed as a Trustee on 5 April 2025. 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 Charity operated with just six trustees for the majority of this reporting period whilst it undertook a ski115 audit and selection process for new trustees. Three new Trustees were selected but they will not serve with the RCAM Trust and will be appointed to the new RCAM Charity in May 2026 a5 the RCAM Trust transfers to a CIO and changes Its name. The Trust thanks all outgoing trustees for their dedication and service.
OBJEcfs OF THE CHARiri 3.1 Object l. to promote the efficiency of the army and in particular that of the Royal Corps of Army Music (the Corps) in such ways as the trustee5 from time to time think fit. 3.2 Object 2. to foster esprit de corps and comradeship between all serving and former members of the Corps. 3.3 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. 3.4 Object 4. to promote the education, training. physical fitness and efficiency of members of the Corps. 3.5 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 4.1 The Trust has three funds - an unrestricted General Fund and two restricted funds,. Army Sports Control Board which provides grants for Corps sporting activity and the RCAM Trust's Enterprise funds. The latter of these will close end of FY 25126. The report also shows custodian funds Ipresented as restricted) managed through these accounts for the British Army Jazz Orchestra, the British Army Brass Band, the Director of Music's Presentations, Kneller Hall Club and the Roots Memorial Prize funds and the Army Musicians Association. The British Arffly jazz Orchestra, the British Army Brass Band, Director of Music's Presentations and RCAM Enterprise funds have been closed as at 31 Mar 26. The funds have been transferred to the Unrestricted General Fund during the financial year, this was unanimously agreed by the Board of Trustees on 7 May 26. The RCAM Trust Enterprises 4.2 RCAM Trust Enterprises Ltd Icompany number 159126171 is solely owned by RCAM Trust and any profits will be gifted back to the RCAM Trust. A loan of up to £150,000 was agreed by the Trustees to set up Royal Corps of Army Music Trust Enterprise Ltd. £1,000 of this loan has been made during the last reporhnE period. with a further £39,000 paid in this reporting period. The remaining £IIO,O(X) has been paid in April and May 2026 but does not fall into this reporhng period. Selection and appointment of a CEO has taken place and he is expected to start by August 2026. The Corp5 Journal 4.3 The journal of The Royal Corps of Army Music, 'Fanfare" is published annually and distributed to all members of the Corps, Army Musician's Association and The Kneller Hall Club and is available to those who have an interest in the Corps or military music and is essential for communicating with serving and veteran members. Fanfare is circulated as an EFlip Book with only 200 copies now printed in hard copy. This year £47 was received in subscriptions for the journal and £100 for advertising. Production costs were £11,574, this significant increase was due to two editions being published within the FY as publication had fallen behind. Financial Report 4.4 The overall general fund income for this period was £158,913, a small increase of 6% on the previous year's amount of £147,385, showing an increase of £11,528. The total Trust income was £140,748 lunrestrictedl, an increase on last year's figure of £127.573.
4.5 The overall expenditure for this period was £102,055 a SiEnilicant reduction on last year's £255.481. Even when due consideration is given to one off expenditure in FY 24125 on RCAM 30 celebration51£77,8491 and grant to the Museum of Army Music1£20,CH)01 the expenditure is still down £55,577. 4.6 The redurtion in expenditure has resulted in a surplus of £56,858 compared to last year's deficit of £108,096. 4.7 The Statement of Financial Activity shows Subscriptions (Day's Payl was £74,319 up £1,769 from £72,550. Merchandise expenditure was £2,443 a significant reduction of £4,019 when compared to last year's expenditure of £6,462 this difference is mainly due to significant merchandise stock brought for the Corps 30, Anniversary in 2024. 4.8 The Trust encourages welfare grants, which are a significant means of encouraging fitness and sporting activities through the contributions made to individuals, cost of taking part in adventure traininE 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. An Army Sports Control Board IASCBI annual grant of £15,000 was received and a total of £12.791 in grants was provided supporting a wide variety of both individual and team sports. The ASCB grant process will change in FY26127, grants will not be automatic and will have to be requested. Adventurous Training remains important area of welfare support but saw just £8,500 in grants this year against £32,OCx) last year, noting that £8,250 of this 24125 sum was returned as unsperbt funds in this FY resulting in a rurbning balance of £250 in FY 25126. 4.9 There wa5 no grant made to the Museum of Army Music in this financial year. Donations to other charities was £4,876 and included a donation to Phyliss Tvckwell Hospice in memory of a retired officer Paul Goodwin MBE, support to Walking Wlth the Wounded, a contribution towards the Coldstream Guards Band memorial tablet and annual membership of the NVCO. 4.10 Benevolence grants are used to support Army musicians and their immediate dependants who require 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 decreased by £10,683 to £12,124. A 53% reduction from last year's £22,807. This decrease is further increased by the return of £5,500 in an unused grant for Medical equipment that was ultimately provided by the NHS. Reserves Policy 4.11 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 satislied that the Trust funds remain sufficient to continue to support the objectives appropriately, sustaining the efficiency of the Corps and those in need. 4.12 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 Enterprise Trust project and large-scale Corps 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 £1,358,534. Heritage Fixture and Fittings 4.13 The Corps Trust commissioned two paintings which were completed within this reporting period. The first is a portrait of our Colonel in Chief, HRH The Duchess of Edinburgh, £11,421, and the second a painting to depicting the RCAM 30 Royal Dinner Night £7,910. Additionally, a Book of Remembrance was also purchased £696.
Volunteers 4.14 RCAM Trust currently has no volunteers. Structure, Governance and Management IGo¥ern?nce) 4.15 The Royal Corps of Army Music Trust is corbstituted by a Deed of Trust (Dated 8, January 19991 and 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. The Board of Trustees agreed to convert RCAM Trust to a Charitable Incorporated Organisation and the RCAM Charity la CIO) was established on 19 Feb 261. As such, this will be the last and final Annual Report for The RCAM Trust and all assets will transfer from the RCAM Trust to the RCAM Charity on 01 Apr 26. On completion of this report the RCAM Trust will be closed on the Charity Commissions Online Portal. Related Partie5 4.16 There were no related party transactions during the year. Investments and Cash 4.17 A total of £1,252,419 was held as investments at the end of the year an increase of £131,058 against last year's £1,121,361. Investments consist of £633,265 with WIM Iformally Waverton Investment Management Ltd) and £619,154 with Blackrock Armed Forces Charity Growth & Income IDistributionl Fund. Interest and dividends payments received totalled £38,570. 4.18 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 ISIBAI provides some additional income to the charity through interest, this year returning £307 a significant decrease on last year's due to a lower balante maintained in this account to maximise money invested with Blackrotk and WIM. There was £32,598 held in the primary Current Account and £20,077 in the SIBA. There is no longer any requirement for Petty Cash as all payments can be made via bank or contactless card payments. Bankers 4.19 Royal Bank of Scotland (Holt's Military Banking). Disbursement Policy 4.21 Disbursement for Trustee Expenses are provided in accordance with the Financial Controls policy. Trustee5 may claim back any reasonable expenses incurred whilst executing their duties and must complete the expense form provided. 4.22 The Trustees will tontinue to welcome applications from serving and former members of the Corps of Army Music for disbursements which fall within the Objerts of the Trust.
Approved by the Trustees on 19 Aug 2026 and signed on their behalf by'.- Col D Barrlnger MVO MBE Colonel Corps Colonel The Royal Corps of Army Music Headquarters Cloutman Building Gibraltar Barracks Minley. GU17 9LP
INDEPENDENT EXAMINER'S REPORT Independent Examlner's Report to the Trustees of The Corps of Army Muslc Trust. Year Ended 31 March 2026 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 Dirertions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have tome 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 attounts 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 irb the Charities (Accounts and Reports) Regulations 2(X)8 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= 19 2026 Robert Charlton FCCA for and on behalf of: Numeric Accounting Ltd, Suite l. The Portway Centre. Old Sarum Park, Salisbury. SP4 6E8.
STATEMENT OF FINANCIAL ACTIVITIES The Royal Corps of Army Music Trust For the period from 01 April 2025 to 31 March 2026 Unre5tiKted TDtsI Pri01r Funds Fynds Funds Fund5 ttWI fund5 Inrorno irAendowTh•ntsfiom.' 88.614 3,165 106,779 llll,371 Income Irarn Ehamable actMtie5 11.406 11,406 OtheitTrdingactriitie5 1,851 L851 3,142 Itments 38.B77 34877 38,374 her irtcome 190 140.748 3,165 158,913 147,385 EwEndituie .. 16.638 16,638 10,581 Expendrture onchatitable èttThit5 Grants lurthebenefitol Indmdua .248 ,791 63,iag 200,136 Grants toothercharits 4,876 4,876 25,fK¥) GrantTnakinsènd other5UPPOrtIU5t5 13.263 13,263 (hheT expenditure 4.139 4.139 85.025 ,791 102.055 255.481 Net Incomelle¥peDdtturel rtsovrcesbefoietrènsfer 55.723 56.858 11(Q0961 Gr05stratssfersbetYrtenfvnds- 24.616 Gr05stransfersbetweenfvnds-(4rt Otherrecotnised gainsl losses -Gainsllos*s Investment assets 131.058 131.058 127.7441 G&ins on revaluatian.fixedasset5.chatity'5 Q¥Vll Use Net movement in fufflds 11.397 2.209 187.916 1135,8401 ReruniiliatiDn vf lund5 TOtèlfuDd5 brOu8htforward 1.148.986 15.005 36.&16 1,200.837 1.336.677 TDtalfunds catried forward LJ60,3&4 17,114 IL156 1,388,753 1,2QD,837
BALANCE SHEET DETAILED The Royal Corps ofArmy Music Trust- 1073432 For the period from 01 April 2025 to 31 March 2026 A5¥t 31 Mar26 Asat 31 M4r25 Fbqd I55ets HeritaEe355et5 33,217 13,2 Inve5trnent5 1,252,419 1,121,361 1.285.646 1.134.561 CurrtntÈ$5tts Debtots 3,256 Cash At Bank And In Hand 52,675 62,010 63,107 65,276 Nptcutrent set5 le55 current liabilities 63,107 65,276 N-cUrrent Assets Lon8-term loan5 40.0 1,388 1.2(X>,847 1.388,753 1.200.837 Rewe5ented by Unre5trlcted 1.360.383 1.148.986 DesMted De5w7-ArmY5p0rt5 Conirol 8o¥rd 17.214 15.fy)5 Re5trlcied- DOM prem)In Fund 5.491 Restntte¢-BAJO Restilcted-BAB8 1.(65 Res¢rt(ted- Enterphse 2.529 5.836 4.585 Pestficted-Army MuslclènsS0¢tIDn S.Y2 Restdcted- Aootspriie Day 260 Restiicted-clher 11.610 1,388,753 1,200,837 FuThd Total
ANALYSIS OF INCOME AND EXPENDITURE The Royal Corps ofAmiy Music Trust- 1073432 For the period from 01 April 2025 to 31 March 2026 Total Getyer•l Designated Restwitted Asat 31 Mar Z6 Asat 31 Mar Z5 Income and endowments from: Donationsand le8acies 74.319 74.319 72.550 02- Don3tlonsConrerts 9.Y3 9.343 2.497 2203- Doffl¥Uons PersonJl 2.271 2.271 3.839 2204- Donatlon Corpor*e 2.313 601 601 550 2206- Giants-A(mySports Control Board 15.0 io.oio 1.37S 1.938 2.Q30 2.232 100 3337- Army MvSiCièThsAssociation In¢omelAMAI 388 5.342 3344- OOMS Piesentation Fund 1688 16881 Donationsand legaciesTDta15 Income from th3rit3ble aciNlties 88,614 15,(MX) 3,165 IOS,779 101,371 1161- BenevolentGiants 5.SOO S.5CN) 2220- Refund Welfaie Grants 5.120 5.120 2230- welfart&Ad¥eDtufouS Trainini 739 n9 2.043 3351- Cotysjoumèl Fènfèresubs 47 47 201 Income fvoffl Iharitable activitie5 Totals 11,406 11,406 4,308 3382- Merchandisesales 1.851 1,851 1,851 3,142 Investments 44ZZ- Interest R6SS10A 307 307 4.703 44Z3-WJvtrtoTh lrtvestment Mènagtment DlJendS 13.272 9.9S4 4424- AFCIF 8Ia(kRockOlvend5 25.298 2S.298 Investments Totals 38,877 38,877 38,374 Other Income 3Y6- RCAM Enterprise 190 other incomeiotals 190 Income and endowments Grand totals 140,748 15,LKJO 3,165 158,913 147,385 Expenditurè on.. Raisinkfunds 2,74S 2,748 11.447 IL447 4324. MerchaThdise Empenditure 2.443 2,443 6,462 Raising fundsTotals 16.638 16,638 10,581
Total Asat 31 Mar 25 General De£ated Restricted Asat 31 Mar 26 Expenditure on charitable athivities Grantsforthe benefit of indwidua15 1665- 8enevoleniGrafflts 12.124 12.124 22.807 1671 -Wreaihs Flowers 2662-WelfareGrJnts 26.069 26.069 5.760 7.325 2664-WelfèreSports 2.335 266S-WelfèreASCB 12.791 IZ.790 8.777 2666-WelfèreGrJffltsAd¥enturousTralnln8 250 2S0 32.(N)) 2667-Welfère Muslc 77.849 3511- RCAM Piizes 3.443 3.443 1.343 351S-Officeis' Seigeants'lHQMeu 3.403 3.403 3567- Ethos-vtterèns 381 3568- Ethos- Expendtture 1.$98 1.598 15.675 loo 2.9 2.980 14.347 50,248 12,791 i(x> 63,IZ9 Z(M),136 Grantsto other charf(ie5 4304-Gr4ffltstootherCharflle5 4.876 4.876 25. 4.876 4.876 25.IKKJ Grant m4kin8support rosts 4335-Pta8¢ 28 1.311 456 4562. RCAMTrustees Meetin¥ 1.483 1.483 4564- RCAMTrustees Expen5e5 1.040 45fj5-OtherSuppfficostS 99 2.1 458fj-Cornputei & IT 5.708 5.7Q8 1.785 4590- In¢ependent ex4rnlfin fees 1.987 1.987 46W- 8ookkeepiffl8fee5 2.lih) 2.100 520 4723- Insur¥nre Premlum5 637 637 581 4724- 8anCh4r4es 181 181 13.263 13.263 Expenditure on charitable activitie5Tota15 85,025 12,791 79,023 244,326 Other expenditurE L805 I,B05 L685 533 533 3544-DOIA'&Pre&entatiDn 576 576 4541-ATmyMu&IcSa[1atl0n ExpenditurelAMAI 67Q 670 4544- RCAM Entetpri5e S,2 Other expenditur&Toials 4.139 4.139 11.155 Expendlture Grand totals 85.025 12.791 4,239 102,055 255.481