REGISTERED CHARITY NUMBER: 1128684
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
FOR
THE DUKIES, FOVNDATION
Mccabe Ford Williams
Chartered Accountants
Chiirltoii House
Dour Street
DOVER
Kent
CT16 IBL

THE DUKIES, FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THF. YF.AR F.NDF.D 31 AVGUST 2024
Page
Referenee and Admimistrative Details
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Finaneial Statements
7 to 13
Detailed Statement of Financial Aetivities
14

THE DUKIES, FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED31 AUGUST 2024
TRUSTEES
Dr G Soar (resi￿ed 31.8.24)
A Nunn
C Crowcioft (resigned 31.8.24)
A ForeTnan
A Thorne (resigned 31.8.24)
Mrs M Williams
D Richmond (resigned 31.12.24)
Ms C Pearsall {appoint¢d l.11.23)
Rev C Winter
PRINCIPAL ADDRESS
Duke of York's Royal Military School
Guston
Dover
Kent
CT15 SEQ
KEC.ISTERED CHARITY
NUMBER
1128684
INDEPENDENT EXAMINER
Mccabe Ford Williams
Chartered Accoui)thi)ts
Charlton House
Dour Street
DOVER
Kent
CT16 IBL
Page I

THE DUKIES, FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED31 AUGUST 2024
Tl)e trustees presei)t their report with tl)e fii)ancial statements of the charity for the )iear ended 31 August 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Stateinent of Recommended Practice
applicgble to charities preparing iheir accounts in accordance ￿1th the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) (effective l January 2019}.
OBJECTIVES AND ACTIVITIES
The objeciives of the charity are as follows'.-
To provide items, services, grants and facilities (iiicluding land and buildings of any kind or tenuTel for the Duke of
York's Royal Military School.
To pron)oie the education of studenis and forn)er students of the School who are in need of financial assistance.
To advdiiLe tlie education of student5 attendin¥ the SLhool by tlie award of prize5 {or otlier suitiible rewdrds or niarks of
distin¢iion).
Such Lither charitable purposes as the trustees shall from time io time think fit.
The main activities uiidertaken durin(T the year H'ere the provision of items: setvices, facilities and opportunities for the
Duke of York's Royal Military School and pupils of the School.
The triistees of the charity have had due regard to the Cliarity Commission's general guidance on public benefit. The
charity's objectives and aims have been revIe￿ed taking this guidance into account.
ACHIEVEMENT AND PERFORMANCE
The Dukies, Foundation {TDFI is the tied charity of the Duke of York's Royal Miliiary SchoLII which opened in 1803 by
royal decree under I IRH Priiice Frederick. Duke of York w'hen Commander in Cl)ief of the British Annj.. He wanted to
look after the children of ordinary soldiers, boys, and girls (readmitted in 1994), many of whose fathers fell in the
Napoleonic Wars, with Dukies aged 14-22 fighting ai Waterloo in 1815. It was a symbol of the enlightenment
pliilanthrop), of the tiine, like the Foiiiidling Hospitiil, Loiidon. The mission LOTltinut5 tts this ddy. Dukie parents have
served in all the conflicts of niodeTn tiine5 Wlth over 500/0 of the student roll comit]g from service f￿n]lies.
The 3 year business plan is being executed. Major on-going work has been focussed on growing the donor base to
provide more bursaries, but this is proving to be much more challenging than expected. Increasing feedback from older
alumni who never had 10 pay fees during their time at the school indicates that there is little "emoiional" pull when it
comes to bursaries and l)ei)ce new working groupg looking specifically at strate&v and fund raising have been established
to drill into thi5 in gFreater detail and provide insight for the future. There is a ¥roM'iTI¥F view that rai5in¥ money for capital
projects like the recent highly successful S￿immIng Pool project (£80,000 raised) might be a better use of time and
energy. There is current consideraiion to replace the School Land Rover. which is an integral part of the characier
buildingF and leadership ￿nCtiOn of tl)e Scliool. It has also been observed that atteiidance at recent eveiits has dropped off
quiie sharply and hence a review of alumni events is included in the working group review.
TDF funds at the start of the vear were £288.647 {2023.. £427,906), expeiiditure was £130.126 {2023'. £226,10 l) with
net fiinds gt end of year £288,809 (2023.. £288.647). TDF'S iiivestment ponfolio managed by adviser Quilter Cheviot
as seriously affected by the initial Covid hit of -15010 in 2020 plus 2024 ￿'aS not a good year for many portfolios.
affected b), the ongoing war in Uktaiiie. It iiow staiids at £nil (2023.. 311,048).
TDF funds a full-time member Lif staff for the Alumni Relations & Development Officer function and the software
package (ToucanTech) desigi)ed specifically to aid alumni engagement. The registered i)umber ol. aluinni keeps growing
and now stands at over £1,400 (2023.. 1,300). HoH'ever, tlie cost of this software is quite substaiitial, aiid alternatives are
going to be looked at, especially more use of the technology used to hold the SocialArchive@.
The key ¥rant5 over the year have included a wide range of activitie5'. leadership course. matchin¥ alutnni 5UPPOrt for the
White Rose Academy hockey, theatre trips and workshops for students to support curricula activity plus multiple
expensive graphics computers for video rendering and enabling Ihe an and photography department to be able to
succe5sfull}' use photosliop b), the purchase of high specification laptops.
Looking fonvard the feedback from the strategy and fundraising working groups is going to be importanL as this could
well chaii¥e tl)e structure ol alumni events and also perhaps broaden th¢ view of the Dukie Family that the school will
actively attempt to engage with, drawing in the Friends of the Duke of Yorks {FoDoY) and parents, even after their
children have left the school.
Page 2

THE DUKIES, FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED31 AUGUST 2024
FINANCIAL REVIEW
Total funds held at 31 August 2024 amtsunt to £288.809 (?023 £288,647) of which £165,J32 12023 £100,708) is
restricted and not available for the general purpose of the charity and £123,4777 {2023 - £187,939) is unrestricted.
Tl)e charit)I s reserves polic), is not to pay out ai)y grants or scholarships tl)at Thould leave the fui)ds ii) deficit. The charity
has very low runningF costs and, therefore. the trustees do not consider it necessary to set a tniniinum re5etTes figure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Thc chariry is govcTncd hy a Charity Comnii£sitJn %chcme sealed 5 Mar¢h 2009 under which the following previous
charities were consolidaied..-
The Coventy Tupper Trnst
The Amenities Fund
28th Divisional Scholarship Fund
6th Divisioii War Meniorial Scholarship
Society of St Georges Fund
Prizes, Games and Sports Fund
Old Boy's War Meinorial Scholarship Fund
I st East Anglian Regiment {Royal Norfolk and Suffolk Fund)
There shoiild be not le5S than seven trustees including the principal and chair of govemors of the School. The chair of
governors of the S¢hool should not also b¢ the chair of the trust¢¢s.
Each appointJnent must be inade for a period not exceeding five vears. The principal and cl)air of governors of the
S¢hool should be ex-offi¢io trustees and, therefore, not subje¢t 10 any tinie limit iii their appointmeiits.
In additioii to the Lhair of goveTnor5 and tlie priTILipal, no more thali two School governors should be trustees and there
must iiot be more that] 50010 of trnstees that are also governors of the School.
The current Trustees hawe a strong i)etwork of tontacts from the educatiortal, fundraising.- not-for-profit sector and the
Aluinni of the School to provide the necessary skills aiid expertise.
3010612025
Approved by order of the board of trustees on ............................................. and signed on its behalf by..
Rev C Winter- Trustee
Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE DUKIES, FOUNDATION
Indepenilent examiner's report to the trustees of The Dukies, Foundation
I report to the charity t￿Stee5 on my examination of the accounts of The Dukies, Foundation (the TTUSt) for the year
ended J l August 2024.
Responsibilitie5 and basi5 of report
As the chariry trustees of the Trust you are responsible for the prepargtion of the accounts in accordance with the
requiren)ents of the Charities Aet 2011 I'the Act'}.
I repon in respect L)f my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out
my examination I have followed all applicable Directions given by the Charity Commission under Seciilin 145{5)(bl of
the Act.
Independent examiner's st#tement
I have con)pleted my exainiiiation. I Conf￿ 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 Trnst 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 fom and content of accounts set out
in the Charities (Accouiits and Reports) RegFulation5 2008 other tlian any requirement that the accounts ¥ive a
twe and fair view which is not a matter considered as pan of an independent examination.
I have lio conceTll5 and have coine across no other matters in coiinection with the exaTnination to which attentioll should
be dra￿Tr in this report in order to enable g proper understsnding of the ac¢oiints to b¢ reached.
Jonathan Fullarton Bsc FCA
Mccabe Ford Williams
Chartered Accountaiits
Charlton House
Dour Street
DOVER
Kent
CT16 IBL
Date..
3010612025
Page 4

THE DUKIES, FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED31 AUGUST 2024
2024
Total
funds
2023
Total
funds
Ui)restricted
fuiid
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donation5 and legacies
13,755
99,892
113,647
87,400
Investment income
8,606
8,606
9,404
Total
22,361
99,892
122,253
96,804
EXPENDITURE ON
RaisiR¥ fund5
43,303
43,303
37,253
Charitable aetii'ities
Promotioii of education
9,260
77,563
86,823
184,934
Other
Total
52,563
77,563
130,126
226,101
Net gainsl{losses) L)n investments
8,035
8,035
19,962)
NET INCOMEI(EXPENDITURE)
Tran5fer5 between funds
(22,167)
(42,295)
22,329
42,295
162
(139,259)
13
Net movement in funds
(64,462)
64,624
162
(139.259)
RECONCILIATION OF FUNDS
Total funds brought forward
187,939
100,708
288,647
427,906
TOTAL FUNDS CARRIED FORWARD
123,477
165,332
288,809
288,647
The notes fonn part of these financial statements
Page 5

THE DUKIES, FOUNDATION
BALAf44CE SHEET
31 AUGUST 2024
2024
2023
Notes
FIXED ASSETS
Investments
44,778
346,748
CURRENT ASSETS
Debtors
Casl) at bank
10
4,135
331,486
301
145,265
335,621
145,566
CREDITORS
An)ounis falling due within one year
(91,590)
(203,667)
NET CURREF4T ASSETS
244,031
(58.101)
TOT AL ASSETS LESS CURRENT
LIABILITIF.S
288,809
288,647
NET ASSETS
288,809
288,647
FUNDS
Unresiricted funds
Restricted fuiids
13
123.477
165,332
187.939
100,708
TOTAL FUNDS
288,809
288,647
The financial statements were approved by the Board of Trustees and authorised for issue
.3010612025......................... and were signed on its behalf by=
on
C Winter- Trustee
The notes fonn part of these financial statements
Page 6

THE DUKIES, FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 AUGUST 2024
STATUTORY INFORMATION
The Dukies, Foundation is a piiblic benefit entity registered as an unincorporated charity in England. The
charity s registered number: principal address and nature of operations can be found M'ithin the Reference and
Administrative Details page and the Report of Trustees.
The financial siatements are presenied in sterling which is the funciilinal currency of the charity.
ACCOUNTING POLICIES
Basis of preparing the financial staternents
The financial statements of the ¢harit}', which is a public benefit entiry under FRS 102, have been prepared in
accordance with the Charities SORP IFRS 10?} 'Accounting and Reporting by Charities-. Statement of
Recommended Practice applicable to charities prepariii¥ their account5 iii accordance with the Finaiicial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reponing Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Charities Act 2011. The financial 5tatement5 have been prepared under the historical cost
convention: with the exception of investments M."hich are included at niarket value, as modified by the revaluation
of certain assets.
Financial reporting standard 102- reduced disclosure ¢x¢rnptions
The charity has thken advantage of the following disclosure exempiion in preparing these financial statements. as
permitted by FRS 102 'TI)e Fiiiancial Reporting Standaid applicable in tl)e UK and Republic of Irelaiid.:
the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has eniitlemeiit io the funds, it
is probable that the income will be received aiid the aTnount can be inea5ured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity, to that expenditure, it is probable thai a transfer of economic benefits will be required in settlement and
the amoui)t ol. the obligation can be ineasured ieliably. Expei)diture is accounted for on an acciuals basis ai)d has
beeii classified under headings that aggFregFate all c05t related to the catebFory. Il'here cost5 cannot be directly
attributed 10 particular headings they have been allocated to aciiviiies on a basis consistent with the use of
resources.
Taxation
The charity is exempt from tsx on its chari(able activiiies.
Fund accounting
Unrestricted funds can be used iii accordance with the charitable objectives at the di5cretioii Of the trustees.
Resirictsd funds can only be used for particular restricted purposes wiihin Ihe objects of the charitv. Restrictions
arise when specified by (he doi)or or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in Ihe notes to the financial statsments.
Page 7
continued...

THE DUKIES, FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED31 AUGUST 2024
DONATIONS AP4D LEGACIES
2024
202i
Donations including gift aid
113,647
87,400
INVESTMENT INCOME
2024
202i
Dividends
Interest
6,150
2.456
8,776
628
8,606
9,404
SUPPORT COSTS
Governance
costs
Promotioi) of edueation
1,950
Support costs, ii)cluded in the above, are as follows..
2024
Prlimotion
2023
Total
activities
education
Accountancy and independent examiner's
fee5
Investment management fees
1,950
2.400
1,514
1.950
3.914
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneraiilin or other benefits for the year ended 31 August 2024 nor for the year ended
31 August 202i.
Trusttes, expenses
There were no
31 August 2023.
trustees, expenses paid for the year ended 31 Augusi 2024 nor for the yegr ended
Page 8
continued...

THE DUKIES, FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED31 AUGUST 2024
STAFF COSTS
The charity does not have any staff, however the charity does contribute towards the c05t of a ￿11 time member
of staff, located at the Duke of York's Roval Military School, who spends a proportion of their time fundraising
on behalf of the charity.
COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES
Uiirestricted
fund
Restiicted
funds
Total
ftinds
INCOME AND ENDOWMENTS FROM
Donations and le£a¢ie8
14,498
72,902
87,400
InvestJnent iiicotne
9,404
9,404
Total
23.902
72.902
96,804
EXPENDITURE ON
Raising fuiid%
37,253
37,253
Charitable aetivitie5
Pronintion of cducation
5,842
179,092
184,934
Other
3.914
3,914
Total
47,009
179,092
226,101
Net gainsl(losses) on invesiments
(9,962)
19,962)
NET INCOMEI(EXPENDITURE>
(33,069)
(45,401)
(106.190)
45,401
(139.259)
Transfers between fund5
Net movernent in fund5
(78,470)
(60,789)
(139,259)
RECONCILIATION OF FUNDS
Total ￿1]dS brought forward
266,408
161,498
427,906
TOTAL FUNDS CARRIED FORWARD
187,938
100,709
288,647
Page 9
continued...

THE DUKIES, FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED31 AUGUST 2024
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At I Scptcmber 2023
Disposals
Revaluations
346,748
8,211
At 31 August 2024
44,778
NET BOOK VALUE
At 31 August 2024
44,778
At 31 August ?023
346,748
There were no investment assets outside the UK.
Listed investinents have been revalued at the balance sheet date to the market value as per investn)ent
mgnagement valuation reports and stock exchange values.
io.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Gift aid debtor
4,135
301
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Donations approved but not yet paid
Accrued expenses
89,190
2,400
201.327
2,340
91.590
203.667
Of the £89,190 doiiations approved but not yet paid. £37,480 relates to salary iecl)arge. This has been reviewed
and 15 5UPPOrted by the relevaiit meetingj niinute5 and docuineiitation.
12.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
fuiids
2023
Total
fuiids
Unresiricted
fund
Restrictsd
funds
Investments
Current assets
Ciirrent liabilities
44,778
170.289
191,590)
44,778
335.621
191,590}
346,748
145.566
(203,667}
165.332
123,477
165,332
288,809
288,647
Page 10
continued...

THE DUKIES, FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED31 AUGUST 2024
13.
MOVEMENT IN FUNDS
Net
moveTnent
in funds
Transfers
bet￿een
fvnds
At
31.8.24
At 1.9.23
Vnrestricted fund5
General Fund
187.939
122.167}
142.295}
12i.477
Restricted funds
Studeni Support
Scliool Heritage
A Winning Edge
School Events
{7.0631
47.802
116,2001
{2,2101
26.681
101,701
35,122
1,828
29.603
33,323
4.038
24.296
17,999
100,708
22,329
42,295
165,332
TOTAL FUNDS
288,647
162
288,809
Net inovemeiit in fund5, included iii the above are as follow's=
Incoming
resources
Resources
expended
Gains and
ltssses
Movement
in funds
Unrestricted funds
Geiieral fui)d
22,361
152,563)
8,035
122,167)
Restricted funds
Student Support
School Heritage
A Wini)ing Edge
School Events
31,354
52,705
12.924
2,909
138,4171
{4,9031
129.1241
{7,063)
47,802
116.200}
{2,210}
99.892
177,563)
22,329
TOTAL FUNDS
122,253
(130,126}
8,035
162
ComparAtives for movement in funds
Net
movetnent
iii ￿ndS
Transfers
betweeii
nds
At
31.8.23
At 1.9.22
Unrestricted fund5
General Fund
266,408
133,068}
145,401 }
187,939
Re5trieted funds
Student Support
School Heritage
A Winning Edge
School Events
21,906
120.916
18.624
52
11,838
191.3131
128.7021
1,986
33,744
29.603
33,323
4,038
43.401
?,000
161,498
(106,191)
45,401
100,708
TOTAL FUNDS
427.906
(139.2591
288.647
Pagell
continued...

THE DUKIES, FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED31 AUGUST 2024
13.
MOVEMENT IN FUNDS- eontinued
Comparative net movement in funds, included in the above are as folloM's'.
Incoming
resources
Resources
expended
Gaii)s and
105ses
Movement
in funds
Unrcstrietcd funds
Gencral Fund
23,902
147,0081
{9,962}
133,0681
Re5trieted funds
Stiident Support
School Heritage
A Winiiin¥ Edge
School Events
35,550
17.611
17.725
2,016
123,712)
(108.9241
146.4271
(301
11,838
191,313}
128,702}
1,986
72.902
(179.0931
(106.191)
TOTAL FUNDS
96.804
(226,1011
{9,962}
(139.259}
Siudent Su
ort
Dtsnations including gift aid M'ere received for the purposes of providing funding and opportunities for students
when financial Circumstances were a barrier to them continuing at the School. At the y¢ar end £26,681 remained
unspent.
Scliool Herita
Donations including gift aid were received for the purpose of restoring, developing and mainiaining of
ceren)onial activities, memorials. research, archives. collections and other iconic features of the School. At the
end of the year a total of £101,701 remained unspent which is split as follows..
War Memorial £5,510
Arboretuin £2,573
School Herits*ge £18,023
Athletic Benches £342
School Events £1,250
Sword £2,018
Hadlcigh £118
Wati £870
Swiininiiig pool £70,997
A Winnin
F.d
Donations including gift aid were received for the PUTpose of providing targeted support to specifi¢ student
programnies across the full raiige of school activities, from acadeniic to 5POrting, perfomiin(T arts and adventure
activities. personal development and life skills. At the end of the year a Illtal of £35,122 remained unspent which
is split as follows..
Hockey £10,572
Legdership £7:843
Music Department £759
Science Departineiit £746
CERN Trip£l,616
- Art Departmeni £57
Computer Science £2.091
DT Department £774
Drania Department £160
Duke Box £4,210
Engli%h Department £3,425
MFL Deparinient £1,424
Maths Depilrtnient £2,574
Page 12
continued...

THE DUKIES, FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED31 AUGUST 2024
13.
MOVEMENT IN FUNDS- eontinued
School Events
Donations including gift aid were received for the purposes of providing fijnding and opportunities for siudents.
At the year ei)d £1,828 remained unspent.
14.
RELATED PARTY DISCLOSURES
Tn]stees made donations (excluding gift aid) to the charity of £3,295 (2023 £2,421).
Page 13

THE DUKIES, FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED31 AUGUST 2024
2024
2023
INCOME AND ENDOWMENTS
Donation5 and legacies
Donations includiiig gift aid
113,647
87,400
Investment income
Dividends
In￿rest
6,150
2,456
8.776
628
8,006
9,404
Total incorning re50urees
122,253
96,804
EXPENDITURE
Raising donations and legacies
Contribution towards fundraising officer
43,303
37,253
Charitable activities
Donations payable
84,873
184,934
Support Costs
Governance eost5
Accountancy and independent examiner's fees
Investment mai)agement fees
1,950
2,400
,514
1,950
3,914
Total resources expended
130,126
226,101
Net expenditure before gains and losses
(7,873)
{129.297)
Realised recognised gains and losses
Reali5ed gainsl(105ses) on fixed asset investinents
8,035
(9,962)
Net incomel(expenditure)
162
(139,259)
This page does Iiot fotyn part of the Statutory financial statement5
Page 14