OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Royal Yorkshire Regiment Charitable Trust

2025-03-31-accounts

Charity number: 1114624

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 23

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Lt Col David O'Kelly (Resigned 5 December 2024)
BrigZac StenningOBE
Col Charles Le Brun
Mr Alex Liddle(Resigned 6 December 2024)
Mr David Barraclough
Mr Peter Lee
Col Jason Wright(Resigned 24 May2024)
BrigPeter Monteith MBE
Col David Rhodes(Appointed 24 May2024)
BrigDavid ColthupCBE
Mr Robin Dougles(Appointed 7 December 2024)
Col Nigel Peter Rhodes(Appointed 6 December 2024)
Charity registered number
1114624
Principal office
3 Tower Street
York
YO1 9SB
Independent examiner
Laura Masheder FCA DChA
BHP LLP
Rievaulx House
1 St Mary's Court
Blossom Street
York
YO24 1AH
Bankers
The Royal Bank of Scotland
Lawrie House
Victoria Road
Farnborough
GU14 7NR
Investment manager
Sarasin & Partners LLP
Juxon House
100 St Paul's Churchyard
London
EC4M 8BU

Page 1

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the financial statements of The Royal Yorkshire Regiment Charitable Trust for the year 1 April 2024 to 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Objectives and activities

a. Policies and objectives

The objects of the charity are:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Main activities undertaken to further the charity's purposes for the public benefit

The main activities of the charity are the grants returned to the Battalions for the efficiency of the Regiment. A sum in excess of £8,000 (2024: £14,000) has been spent on activities in relation to recruiting and retention.

Achievements and performance

a. Review of activities

The Trustees met twice, in May and December 2024. All Trustees submitted Declaration of Interests at the end of the year. The two new Trustees will conduct training over summer 25.

There have been no changes to the overall governance structure; some work was done with an umbrella organisation, COBSEO (Confederation of British Service Charities) which helped Trustees to consider all aspects of good governance. This, together with the Risk Management Strategy, provides the Trust with necessary assurance.

The Trustees allocated a further £65,000 towards regimental activities, over and above the planned budget for the year. This is a marked increase on previous years and represents not only an increased ambition to support the wider regiment, specifically the serving element, but also to cover the costs of procuring uniform that aligns with being a Royal Regiment.

Other funds that had been spent were largely on discretionary running costs for the Regiment - grants to battalions, Journal, Recruiting, Antecedent, and Heritage maintenance.

Page 2

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

b. One day's pay scheme (ODPS)

The Trustees are pleased to report that after an initiative to focus on low subscription rates, the number of soldiers in the Regiment now contributing to ODPS income has continued to increase. This is constantly monitored but even with 100% take-up, the income will reduce as the overall number of personnel in the regiment is due to reduce, in line with MoD direction.

c. Investment policy and performance

The management of investments this year was by Sarasin & Partners who were appointed in September 2018. Funds are invested for the purpose of generating future income to enable each of the Trusts to achieve their objectives. As the requirement for income will continue into the very long term, the Trustees aim to preserve the capital value of the portfolio in real terms. The Trustees are satisfied that the investments continue to meet our investment objectives and return a consistent and appropriate level of income, in line with our risk profile and time horizon.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The charitable funds of The Royal Yorkshire Regiment are to provide support for the Regiment and its antecedent Regiments for welfare, benevolence, the efficiency of the Regiment and the relief of need. The funds represent the total reserves of the Regimental charities and the income from them, together with the Day's Pay Scheme, represent the total income of the charity. As the requirement for income will continue into the very long term, the trustees aim to preserve the capital value in real terms. The Trustees consider that a level of free reserves of £2,300,000 is sufficient to achieve this.

Free reserves as at 31st March 2025 are £3,181,609 (2024: £3,194,603). Whilst this is above the target level the income currently generated was utilised in the year.

Page 3

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

c. Results

Donations to the charity during the year amounted to £60,167 (2024: £59,436) from the Soldiers Day Pay Scheme and £22,749 (2024: £3,005) of other donations.

There is sufficient cash flow within the charity to meet its obligations. It is our aim to continue to invest all donations received.

The charity is accruing funds to meet the future obligations to support the Regiment soldiers and their dependants in need.

During the year, the charity had a deficit of income over expenditure of £103,494 (2024: deficit of £106,000). Taken together with the gains on investments of £32,736 (2024: gains of £234,040), this has resulted in an decrease of funds of £70,758 (2024: increase of £128,010). Total funds carried forward amount to £3,262,322 (2024: £3,333,080), all being unrestricted.

d. Material investments policy

Investments are held in the Sarasin Endowments Funds (SEF), with which the trustees remain content. SEF are invested in Sarasin & Partners who have reported to the trustees in the year. The investments remain under regular annual review. The Board of Trustees take a long-term view with investments in the knowledge that their value may fluctuate. The investment continues to bring a consistent return of income.

Structure, governance and management

a. Constitution

The Royal Yorkshire Regiment Charitable Trust is unincorporated and is governed under a trust deed dated 15 May 2006.

b. Methods of appointment or election of Trustees

The number of Trustees shall be not less than six and not more than ten comprising:

Four ex-officio Trustees; and not less than two and not more than six nominated trustees.

Ex-officio Trustees shall be:

The Colonel of the Regiment The Deputy Colonel of the Regiment The Honorary Colonel Army Reserves The Regimental Secretary

Nominated Trustees shall be nominated by The Colonel of the Regiment in writing and appointed by a resolution of the trustees passed at a special meeting. A nominated Trustee shall hold office for five years unless nominated for a shorter period.

Page 4

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Independent examiner's report to the Trustees of The Royal Yorkshire Regiment Charitable Trust ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. 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.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Dated: 14/07/2025 GMT Signer ID: CRZCVPKXXZ...

Laura Masheder FCA DChA

BHP LLP Rievaulx House 1 St Mary's Court Blossom Street York YO24 1AH

Page 6

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net expenditure before net gains on investments
Net gains on investments
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward
17		 Unrestricted
funds
2025
£
82,916
35,837
116,177
234,930
36,543
301,881
338,424
(103,494)
32,736
(70,758)
3,333,080
(70,758)
3,262,322		 Total
funds
2025
£
82,916
35,837
116,177
234,930
36,543
301,881
338,424
(103,494)
32,736
(70,758)
3,333,080
(70,758)
3,262,322		 Total
funds
2024
£
62,441
40,335
124,665
227,441
36,844
296,597
333,441
(106,000)
234,040
128,040
3,205,040
128,040
3,333,080

The Statement of financial activities includes all gains and losses recognised in the year.

All funds in the current and previous year are unrestricted.

Page 7

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. General information

The Yorkshire Regiment Charitable Trust is an unincorporated charity registered in England and Wales.

2. Accounting policies

2.1 Basis of preparation of financial statements

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Royal Yorkshire Regiment Charitable Trust meets the definition of a public benefit entity under FRS 102.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

2.2 Going concern

As part of their assessment of the going concern basis of preparation, the trustees have considered the period up to 12 months from the signing of the accounts. The majority of the expenditure, being grants, is at the discretion of the Trustees. The charity also has sufficient reserves to cover the current level of expenditure for several years ahead.

At the time of approving the financial statements therefore, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Page 9

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 10

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

2.13 Critical accounting estimates and areas of judgment

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no critical accounting estimates and areas of judgement that are considered to have a material impact on the accounts in either year.

Page 11

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.14 Taxation

The charity is considered to pass the tests set out in Sch.6, para.1 of the Finance Act 2010 and therefore it meets the definition of a charity for UK income tax purposes. Accordingly the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Income Tax Act 2007, Part 10 s521-s537 or s256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

3. Income from donations and legacies

Donations
Soldiers Days Pay Scheme
Donations
Total 2024		 Unrestricted
funds
2025
£
60,167
22,749
82,916
62,441		 Total
funds
2025
£
60,167
22,749
82,916
62,441		 Total
funds
2024
£
59,436
3,005
62,441

Page 12

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4. Income from other trading activities

Income from fundraising events

Journal subscriptions
Surplus on golf
Dinner subscriptions
York races
Dinner events
Total 2024
Income from non charitable trading activities
Sale of regimental memorabilia
Total 2024
Income from fundraising events
Income from non charitable trading activities		 Unrestricted
funds
2025
£
260
-
12,190
18,405
1,200
32,055
28,505
Unrestricted
funds
2025
£
3,782
11,830
Unrestricted
funds
2025
£
32,055
3,782
35,837		 Total
funds
2025
£
260
-
12,190
18,405
1,200
32,055
28,505
Total
funds
2025
£
3,782
11,830
Total
funds
2025
£
32,055
3,782
35,837		 Total
funds
2024
£
260
200
11,070
15,835
1,140
28,505
Total
funds
2024
£
11,830
Total
funds
2024
£
28,505
11,830
40,335

Page 13

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5. Investment income

Income from UK listed investments
Interest receivable
Total 2024		 Unrestricted
funds
2025
£
115,439
738
116,177
124,665		 Total
funds
2025
£
115,439
738
116,177
124,665		 Total
funds
2024
£
123,886
779
124,665

6. Expenditure on raising funds

Fundraising trading expenses

Purchase of regimental memorabilia
Investment management fees
Just Giving fees
Total 2024		 Unrestricted
funds
2025
£
9,550
26,777
216
36,543
36,844		 Total
funds
2025
£
9,550
26,777
216
36,543
36,844		 Total
funds
2024
£
4,251
32,377
216
36,844

Page 14

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7. Analysis of expenditure by activities

General charitable activities
PWO Antecedant Business
Brand Refresh Project
Total 2024		 Activities
undertaken
directly
2025
£
186,906
18,000
-
204,906
219,466		 Grant funding
of activities
2025
£
77,546
-
-
77,546
60,134		 Support costs
2025
£
19,429
-
-
19,429
16,997		 Total
funds
2025
£
283,881
18,000
-
301,881
296,597		 Total
funds
2024
£
201,307
17,998
77,292
296,597

Page 15

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Poppy Wreaths
Normandy
Officer and soldier recruiting
Freedoms
Journal expenditure
Honorary Colonel
York races
Band
Professional fees
Regimental secretary leaving gift
Great Yorkshire Show
Royal title costs
Regimental Association
Other charitable expenditure
KDLE Dinner
Video and filming
PWO Antecedent Business
Regimental Cross Brief
Regimental Dinner
Telecommunications
YR Dinner
Regimental historic
commemorations
Donation/Giving
Engraving
Brand Refresh Project
Total 2024		 General
charitable
activities
2025
£
1,349
2,899
8,424
2,609
12,443
126
24,438
1,500
4,380
3,044
1,745
78,880
6,460
6,066
1,200
3,939
-
-
12,206
1,538
7,885
5,106
250
419
-
186,906
124,176		 PWO
Antecedant
Business
2025
Brand Refresh
Project
2025
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
18,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
18,000
-
17,998
77,292		 Total
funds
2025
£
1,349
2,899
8,424
2,609
12,443
126
24,438
1,500
4,380
3,044
1,745
78,880
6,460
6,066
1,200
3,939
18,000
-
12,206
1,538
7,885
5,106
250
419
-
204,906
219,466		 Total
funds
2024
£
1,486
4,885
14,587
7,410
11,191
1,013
21,989
1,000
-
-
2,560
23,393
6,308
1,585
1,125
8,216
17,998
1,180
5,122
1,922
5,956
2,525
535
188
77,292
219,466

Page 16

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Insurance
Postage and stationery
Other costs
Internet - YRST
Regt Sec Expenses
Colonel Regiment Expenses
Governance costs (note 8)		 Total
funds
2025
£
2,597
592
2,137
-
1,491
1,359
11,253
19,429		 Total
funds
2024
£
2,580
1,645
1,582
51
933
1,162
9,044
16,997
8.
Governance costs
Independent examination fees
Trustees' meeting expenses		 2025
£
4,799
6,454
11,253		 2024
£
5,113
3,931
9,044

9. Analysis of grants

Grants, General charitable activities
Total 2024		 Grants to
Institutions
2025
£
77,546
60,134		 Total
funds
2025
£
77,546
60,134		 Total
funds
2024
£
60,134

Page 17

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9. Analysis of grants (continued)

Grants payable during the period include £8,000 (2024: £52,550) to the 3 Battalions, and £69,546 (2024: £7,584) for sports, on duties in direct support of the Regiment.

10. Independent examiner's remuneration

2025 2024
£ £
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts 2,800 2,665
Fees payable to the charity's independent examiner in respect of:
Preparation of statutory accounts 1,200 1,145

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, £1,024 expenses were reimbursed or paid directly to 5 Trustees (2024 - £1,454, expenses to 4 trustees).

12. Staff costs and emoluments

A payment of £525 a month has been paid to an individual who deals with secretarial matters relating to the PWO Antecedent Business, totalling £6,300 (2024: £6,300).

13. Fixed asset investments

Listed
investments		 Total
2025		 Total
2024
£ £ £
Cost or valuation
At 1 April 2024 3,112,464 3,112,464 3,128,424
Disposals - - (250,000)
Revaluations 32,736 32,736 234,040
At 31 March 2025 3,145,200 3,145,200 3,112,464
Investment cash 7,415 7,415 4,748
At 31 March 2025 3,152,615 3,152,615 3,117,212
Historical cost of listed investments 2,584,596 2,584,596 2,584,596

Page 18

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

14. Stocks

Finished goods and goods for resale
Debtors
Due within one year
Trade debtors
Creditors: Amounts falling due within one year
Accruals and deferred income		 2025
£
10,993
2025
£
9,872
9,872
2025
£
16,156		 2024
£
31,495
2024
£
10,448
10,448
2024
£
19,895

15. Debtors

16. Creditors: Amounts falling due within one year

Page 19

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

17.
Statement of funds
Statement of funds - current year
Balance at 1
April 2024
£
Unrestricted
funds
Designated funds
Dinner
subscriptions
6,799
Regimental
association
6,069
Royal Title
51,607
Prince of Wales
2
Battalion Grants
74,000
138,477
General funds
General funds
2,666,735
Revaluation
reserve
527,868
3,194,603
Total Unrestricted
funds
3,333,080		 Income
£
6,190
-
-
-
-
6,190
228,740
-
228,740
234,930		 Expenditure
£
(7,885)
(6,460)
(78,880)
(18,000)
(8,000)
(119,225)
(219,199)
-
(219,199)
(338,424)		 Transfers
in/out
£
-
10,000
27,273
17,998
-
55,271
(55,271)
-
(55,271)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
32,736
32,736
32,736		 Balance at 31
March 2025
£
5,104
9,609
-
-
66,000
80,713
2,621,005
560,604
3,181,609
3,262,322

Page 20

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated funds
Dinner
subscriptions
Regimental
association
Brand
development
Royal Title
Prince of Wales
Battalion Grants
General funds
General funds
Revaluation
reserve
Total Unrestricted
funds		 Balance at
1 April 2023
£
7,685
2,377
-
-
-
-
10,062
2,870,567
324,411
3,194,978
3,205,040		 Income
£
5,070
-
-
-
-
-
5,070
222,371
-
222,371
227,441		 Expenditure
£
(5,956)
(6,308)
(77,292)
(23,393)
(17,998)
-
(130,947)
(202,494)
-
(202,494)
(333,441)		 Transfers
in/out
£
-
10,000
77,292
75,000
18,000
74,000
254,292
(223,709)
(30,583)
(254,292)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
234,040
234,040
234,040		 Balance at
31 March
2024
£
6,799
6,069
-
51,607
2
74,000
138,477
2,666,735
527,868
3,194,603
3,333,080

Page 21

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

18. Summary of funds

Summary of funds - current year

Designated funds
General funds		 Balance at 1
April 2024
£
138,477
3,194,603
3,333,080
- prior year
Balance at
1 April 2023
£
10,062
3,194,978
3,205,040		 Income
£
6,190
228,740
234,930
Income
£
5,070
222,371
227,441		 Expenditure
£
(119,225)
(219,199)
(338,424)
Expenditure
£
(130,947)
(202,494)
(333,441)		 Transfers
in/out
£
55,271
(55,271)
-
Transfers
in/out
£
254,292
(254,292)
-		 Gains/
(Losses)
£
-
32,736
32,736
Gains/
(Losses)
£
-
234,040
234,040		 Balance at 31
March 2025
£
80,713
3,181,609
3,262,322
Balance at
31 March
2024
£
138,477
3,194,603
Summary of funds
Designated funds
General funds
3,333,080

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2025
£
3,152,615
125,863
(16,156)
3,262,322		 Total
funds
2025
£
3,152,615
125,863
(16,156)
3,262,322

Page 22

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43

THE ROYAL YORKSHIRE REGIMENT CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
3,117,212
235,763
(19,895)
3,333,080		 Total
funds
2024
£
3,117,212
235,763
(19,895)
3,333,080

20. Ultimate Controlling Party

Throughout the year, the charity was under the control of the Trustees.

21. Related party transactions

At the year end £4,936 (2024: £5,047) was due to The Royal Yorkshire Regiment Benevolent Trust, which is a charity with the same trustees.

There are no other disclosable related party transactions in either year.

22. Associated Charities

The trustees of The Royal Yorkshire Regiment Charitable Trust are also the trustees of the following:

The Royal Yorkshire Regiment Benevolent Trust (no. 1114654)

The Royal Yorkshire Regiment Officers' Fund and Chattels (no. 3966401)

Page 23

Document ID: 1dc76a1fa8da88558da00d823b8511fa4456cf9dcf9bf45955d1fc58bf19bb43