REGISTERED CHARrfY NUMBER: 1128684 REPORT OF THE TRUSTEES AND iJNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2015 FOR Mecabe Ford Williatlls Charteted A￿o￿nian[S Charlion House Dour Street Ke CT16 IBL THE DUKIES, FOUNDATION CONTEKfs OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGusf 2025 Pttgt R¢ference Admin￿tratiVe Detai Report of th¢ Trnsttts Independent Examiner's R¢port Statement of Financial AttiYitie5 BAlan¢e Sheet Notes to the Ststements 7 to 13 D¢lailed Stat¢tyettt of Financial Activities 14 THE DUKIES, FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2112S TRUSTEES ANuDn A Foreman Mrs M Williams D Richmond (resi￿￿ 31.1224) Ms C Pealsall Rev C Winter (Chatnnan) P Viucellt (appoit)t¢d 13.125) J we￿Ock (appointed 13.6.25) PRINCIPAL ADDRESS tjjke of York's Royal Military Scbool Guston Dover Kent CT15 SEQ REGISTERED CIIARrrY P4UIVIBER 1128684 INDEPENDETr￿ EXAMINER MGCabe Ford William5 Chartered Accourttarts Charltotk House Dour Street Keni CT16 IBL Pag¢ I THE DUKIES, FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGusf 2025 The trustees p1¢5e]]t their report with the fmanciai statemtRts of the dtarity foi the year ellded 31 August 2025. The trustees bave adopted the provisions of Accountuig alhd Rew)ning by Charitres.. Statement of Recommetsd¢d Practice applicable to ¢harities prepating their aceounts in aceorilalltt with the Finwial Reporting Swidard applicablt in th UK and Republic of Ireland {FRS 102) {¢ffective l January 2019}. OBJECTIVES Af4D AcrtVITIES The objectives of the charity are as follow5:_ - To provide items, seryice5, grants and facilities (including land and bjildw of any kitid or tenure) for the Duke of York's Royal Miliiary School. - To promote the edu¢aiion of sthd¢nts and foryner students of th¢ ￿h(m)I who are in ne&1 of fiDa]Jciai assi$taD¢e. - To adyance the education of St￿lellts attending the School by the award of pri7¢3 (or other suitable reward5 or mad(s of distinction). - Such other eharitsblc puTpos¢s as the trustees shall from ttm¢ to lillle thiDk fit. Th¢ matn activities ulldertak¢n ¢kning the year were the wovision of items, service& fa¢iiiti&8 a￿1 opportullities for the Duke of Yo￿,5 Royal Militsry School and pupiLs of th¢ khool. The tnJste¢s of the ¢twity have bad due ttgard to the Chartty Q)n)mission% 8¢neral 8uidatLce on public benefiL The ariWs objectives atld aims have been revaewed iakng this gutda]Ke into account. ACHIEVEMENTS AND PERFORMAf4cE The Dukie5' Foundation ITDF) is the tied charity of the Duke of Yotys Roya] Military School whi¢h opened in 1803 by royal decree under HRH Prince Frederick. Duke of York when CoD]mand¢r ITh Chief of the British Army. He wanted io look after the children of ordinary soldiers, boyi and girts (readtnitted ID 1994). many of whose fathers fell in the Napoleonic Wars, wiib Dukie5 aged 14-22 fighting at Waterloo in 1815. It W&5 a symbol Of the ¢n7￿*￿t)ent philantbropy of the time, like the Foutmlling Hospital, IA>Ddon. Tlte Tni5sion continues to this day. Dukie parents have serveil all the conflicts of modem times with over 50% of the student roll ¢ollL1￿ from s¢rvice fatnilies. l am pleased to rewrt that signtfi¢ant progress has beell made in $ty¢twhenin8 the govet]]atLCe of tbe Foundation. Th¢ Tru5t¢e4 and in particular Peter Vincent and Andrew Nunn. with the vamed assistance of Jolyon Marsh, have ¢ontinu¢d to work diligently iTh drafting w>liry that wfftll and irtiprove the way the charity is managed. This work is ongoing and refflects our collective tomtnilmellt to ejjsuring that the Fow)dation operd(¢s io the highest standards. We believe this will give both current and potential donors aDd le8ators the ¢Ollfidenc¢ that their generosity will eontiThue to be carefully and responsibly stewOrd￿ well into the firture. The work on these documents slowed in recent timey. however Peter has written a th¢)rough draft olthe FJKlowment p)li¢y. which we sball look at1ot¢r. During the year the Found￿10￿ h&5 fitnded a STnatl rdng¢ of enriching OppOr￿ultIeS for siudents, including hockey support, archiY¢ materials and supw>rt for th¢ scieD¢e departsn¢nL These grants reflect the breadth of the Foundation's commitment to supporting the whol¢ school comn]unty, academicauy, creauvely and p￿onallY. However, M'e know that we musi be carefjjl with the fiulds as we look to create a better m￿Je1 for raistng money. We are actively exploritig a sub%ription model through The Duki¢s' A5sociatioJL whi¢b we hope ￿.111 PTovide a m¢MY Sustainable funding base for the future. FINANaAL REVtEW Total fi￿d$ held at 31 Augiist 2025 amount to £196,522 {2024 - £288.809) of which £1 10,780 12024 - £165,332) is restri¢ted aDd not availablc for the general purpose olthe charity and £85.74212ff14- £123.477) is unw8tri¢ted. IncoTne for the year £87225 agaiDst exFndintre of £177,952 refle¢tDJg the fa¢t that money was spent on the swimming pool when the money rdised for it w&5 in the previous year. The Tn￿letS remaiti mindful of the need to gmw the doThor base and are actively ieviewiTrg strakgy in thi5 regar Page 2 THE DUK￿$, Fouf4DATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGusf 2025 STRUCTURE, GOVERNANCE AND MAf4AGEMEwr The charity is governed by a Ctthrity CL)Inm￿slo￿ Slknne sealed S Marcb 20(8 under which the Collowing previous chatities were CO￿oI1dated..- The Coventy Tupper Trust The Amenities Fund 28th Dsvi5iollal Scholarship Fund 6th Division War Memorial S¢hol*ship So¢iety of St Georges Fund Prizes, Games and Sports F￿d Old Bols War Memorial Scholarship Fund 1st East Anglian Regimenl (Roydl Norfo]k and SutTolk Fund) There should b¢ not kss than S¢V¢ll InJst¢es including the priti¢ipal and Chair of goYn)ors of the School. Th¢ chair of governors of the School sbouLd noi also ￿ the chair of tbe tr￿tee5. Tb¢ principal and chair of 8overnors of the Sch￿1 SI￿)uld bc cx-offKio t[￿41¢eS therefore. not subject to any time lllnit in their app(pitiknents. In addition lo the chair of govemors and the ptincipal. no n￿>￿ than tt¥o Sdv)ol governors should be tsvst¢es and th¢re must not bc more than 50Y4Tr of bustees that are also governors of the School. The Cu￿nt Ttustees hav¢ a Str￿1g network of contscts from th¢ educatioDaL fwthisin& not-for*rofrt $￿tOr and the Alutnni of the sch(￿1 to provide the nettk8ary skills and expertise. Approved by order of the board of trustXS OD 10 June 2026 and on its behalf by. Kev C Winter- [n￿te¢ Page 3 JNDEPENDEiYT EXAMINER'S REPORT TO THK TRUSTEES OF THE DUKIES, FOUNDATION Independent ¢xgminer'5 report to the trn$t¢es of The Dukie5' Fonnd4tiou I report lo tbe charity tnLSitt$ on my exatDination of the a¢¢(MJllts of The thjkies, FouT¥knD (the Tr￿fjt) for the year ended 31 August 2025. Re5ponsibililies and basis of re￿rt As the charity tn]stees of the Tnjst you are T¢Sp￿sible for the Preparat￿ of the ac 85,742 110,780 196,522 288,809 The notes for￿ part of thes¢ fllwicial sl&¢m¢Dts Page 5 THE DUKIES, FOUNDATION BALANCE SHEET 31 AUGUST 2025 2025 2024 FIXED ASSETS Investments 43.218 44,778 CURRFNT ASSETS Debtors Cash at bollk 10 25,267 261.3(X) 4,135 331,486 286.567 335,621 CREDITORS Amounts falling due within one year (133,263) (91.590) NET CURRENT ASSETS 153,304 244,031 TOTAL ASSETS LE&$ CURREf4T LIABILITIES 196,522 288,809 NFT ASSETS 196,522 288,809 FUNDS UnrestTitted ￿n￿LS Restricted funds 13 85,742 110,780 123,477 165,332 TOTAL FUNDS 196,522 288,809 The f￿anCial 5tatertLellts were 4)proved by the Board of Tnlstees aJKI authorised for issue on 10 June 2026 and wer¢ Si8n¢d on its behalf by- C Wint¢r- Tr￿$tee The notes forn part of these fitJ8ncial stsltnellts Pdge 6 THE DUKtES' FOUNDATION NOTES TO THE FINANCIAL STATEMEFrfs FOR THE YEAR ENDED 31 AUGusf 2025 STATUTORY INFORMATION The Duki¢s' Fovndation is a public benefft entity regist¢rtd as all unincory¥ordta charity in England. The cbatity's regist¢r¢d number, principal *ldr¢8s a]￿ nature of operations ¢an b¢ found within the ￿er￿enCe and AdmI￿lstra￿"ve Dethib page and the R4￿rt of Truste¢ The fuwwial staiements are presented in sterling which is the fuD¢tioro1 c￿Y of the cbarity. ACCOUNTING POLICIES Basts of prep#ring the fi•an£ial ststemeDts The financial statements of the ¢harity. which 1$ a public benefft eDtity Utlder FRS 102. have been prepared in ac¢ordan¢e with the Charities SORP {FRS 102) 'A¢￿￿tIt)g aJKI Reporting by Chariiies.. Statement of Recommended Prd¢¢iCX applicable to chatiiies preparillg their accowjts accordance with the Financial Reportillg StatLdard applicable in the UK and Republi¢ of Ireland (FRS 102) {effe¢tive l January 2019)., Financial Reportsng Standard 102 The Finallcial ReportiDg Standatd applithle ill the UK and Republic of Iieland. and the Charities Aet 2011. The fjnaucial statements hav¢ been prepared wid¢r the historical cost convention, with the ¢x¢eptsoAJ of inV¢s1￿¢￿ts whith art included at markct value, a5 modified by the revaluation of certain ￿sets. Flnancial reporting standard ID2- reduttd diwlosllre ￿t￿l￿tionS Thc Charity has takell advantagc of thc followng disclosure exemption in preparing these financial stsi¢ments, permitted by FRS 102 Tr Fitwi¢ial Reponing stsDda￿ applicable in the UKand Republic of Ireland,: th¢ requiremeDts of Sertion 7 stsiement of Cash Flows. Income All incom¢ is re¢ognis¢d in Ihe Statement of FiDa]]¢ial Activities otL¢e the chatity I￿$ entttiejnent to the fillth, it is probabl¢ that the income will be received and the atnouDt can be measured reliably. Expendtture Liabilitie5 are recognised expenditure &s 500n as there is a legal or ¢onsttu¢tiv¢ obligation ¢tsmmitting the charity to that expendiwr¢. it is probable that a transfer of e¢olloTDi¢ benefits will be required in settlement and the alnount of the obligation can be measured reliably. Expenditi]re is a¢¢4)Unted lor oll an a¢¢nMls basis and has been ¢lassifLed under headings th* aggreg*¢ all Cost teLated to the category. ￿llere costs cannot be directly attributed to particular headings they have been allocatfyj ¢0 a¢tivities on a basis ¢onsi8tent the use of resources. Ta￿tion The ch￿lty is exempt from Oll its ¢ltaritable a￿1vItieS. Fund ac£ounting Unrestrict¢d fvnds call be l￿ed in accordance wtth the charitable objeciive5 at the di5￿ti4)n of the tNstees. Restricted fimdg oDty be ￿8ed for particular restricted pwses within the objects of the charity. Restriction% aris¢ when specified by the donor or wh¢n fiu￿ ar¢ raised for parti¢ulat ftstritted pury>05es. Further explanatio￿ of the and putpos¢ of fi￿d is ill¢lud¢d ￿ thE ￿￿teS to the f]]JaDcial statem¢nts. Page 7 continued... TAE DUKIES, FOUNDATION N(yfES TO THE FINANCIAL sfATEMENTS- conlinied FOR THE YEAR ENDED 31 AUGUST 2025 DONATIONS AF4D LEGACIES 2025 2024 Donation5 in£]uding gift aid 82,541 113,647 INVESTMEwf INCOME 2025 2024 Dividends tnl¢rest 1.525 3.159 6,150 2.456 4.684 8,606 SUPPORT COSTS Governance Promotion of ¢ducatioD 2.646 Support costs, includcd in the above, ar¢ ￿ follows.. 2025 2024 Promotion of educati¢)n Totsl activities Accountan¢y and independen¢ examineV$ fE¢5 2,646 1.950 TRUSTEKS. REMUNERATION AND BENEFITS Th¢tt were no trustee5' rernunel*￿ or other benefits for the year eTrJed 31 August 2025 nor for the ycar ended 31 August 2024. Trustees. expenses There were Do trust¢es' exp¢Th5es paid for the year ended 31 Augu￿ 2025 uor for the year ￿ded 31 August 2024. STAFF COSTS The charity does not have any staff, how¢vw th¢ chaTity do￿ contribute towards the c05t of a full time mernber of staff. located ai the Duke of YOTVS Roydl Military Sthool, who ynds a proportion of their time fi￿draising oll behalf of the ¢harity. Pag¢ 8 continued... THE DUKIES. FOtJr4DATION NOTES TO THE FINANCIAL STATEMEN1S- rontinuwj FOR THE YEAR ENDED 31 AUGUST 2025 COMPARATtVES FOR THE STATEMEffr OF FINANCIAL ACTIVITIES UDrestricted Rtstrided Total funds INCOME AND ENDOWMEpf15 FROM Donalions and l¢ga¢ie5 13,755 99,892 113.647 Investment Tticome 8.606 Total 22361 99,892 122253 EXPENDrruRE ON Raisirlg 43303 43,303 Charitable activities Promotion of educatior] 9,260 77,563 86.823 Total 52,563 77,563 130,126 Net gaiDS on inv&sttnents 8,035 8.035 F4ET INCOMEI(EXPEf4DrrvRE) TrAnsf¢rs b¢tiveeD lund5 {22,1671 {42295) 22.329 42.295 162 Net mov¢went ill {64.462) 64,624 162 RECONCILIATION OF FUNDS Total fimds broughi forward 187.939 100,708 288,647 TOTAL Ftir4DS CARIUED FORWARD 123.477 165,332 288,809 FIXED ASSET INVESTMENTS Li5t¢d investments MARKET VALUE At I Sept¢mb¢r 2024 Revaluation5 44,778 {I,560) At 31 August 2025 43218 NET BOOK VALUE Al 31 August 2025 43,218 At 31 August 2024 44,778 There were no invesknent assets outside the UK. Listed invtstsnetLts have be¢D revalued at the balance sheet date to the tnarket value as w inve$tm¢nt management ￿lUation reports and stock eXCh￿ge values. Page 9 coEJtinued... THE DUKIES, FOUNDATION NiyrES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 AUGUST 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Gift aid debtor Prepayments and ac¢nJed incon* 3,653 21.614 4,135 25267 4,135 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Donations approved but rtot yet paid Accrued expe￿￿eS 130,677 2.586 89.190 2,400 133263 91,590 Of th¢ £130.677 donations approved but not yet pall￿ £27,654 relatcs to salary recharg¢. This has been reviewed and is supported by the rel¢v8nt me¢ting TrJitLUte5 and dOcU￿tatiO ANALYSIS OF f4ET ASSETS BETWEEN Fuf4DS 2025 Tothl funds 2024 Total fiujds Unrestricted R&%tiicted fund fiu)ts [th￿st￿et Current wets Current liabiliiir¢tum £2,573 Sthwl Fleritagc £20,295 Athletic Ben¢h¢s £342 School Everhts £1.250 Sword £2,018 Hedleigh £118 - Watt £870 - Clock Tower £3.046 A Winnin Donationg includ￿8 gift aid wue received for the pulp￿ of provthg targe￿d sbpport to Sp￿]fiC smdeni programrn￿ xross the fvll range of school activities, from acadtllLiC to sporting, perfomiiDg atEd adventutE activities, personal d¢velopmeni alld life 5kilJ5. At the of the sear a t￿1 of £33,973 reMaI￿d unspenr which is split as follows." Hockey £5,454 - Leadership £8,631 - Music Department £959 - S¢ietL¢e Department £1,308 - CERN Trip£l.616 - Art Department £1,553 - Computer Science £1.979 - Drama D¢parttn¢nt £160 - Duke Box £4,210 - English Departtllent £3,935 - MFL DeparDneni £1,426 - Maths Departtllent £2,742 Page 12 contiDued.. THE DUKIFS, Fouf4DATION NOTLS TO THE FINANCIAL STATEMEfm- tontin￿¢￿ FOR THE YEAR ENDED 31 AUGUST 2015 13. MOVEMETr4T IN Fuf4DS- ￿￿timu¢d S¢bool Events DonatLODS itLcludillg gift aid were received for the of providing fimding and opportunities for stud¢nis. At thr yw end £1.907 rejnairted 14. RELATED PARTY DISCLOSURES TTU5tees Tnade donations (excluding ￿ftaId) to th¢ Charity of £7.720 (2024- £3295). Page 13 THE DUKIES. FOUNDATION DETAILED STATEMETr￿ OF FINANCIAL ACTtvrrIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legx¢ies Donaiions including gift aid 82.541 113.647 I￿veSt￿ent income Dividends Inierest 1,525 3.159 6.150 2.456 4,684 8.606 Total incoming resourcu 87225 122,253 EXPEfqDITURE R*i$ing donatlOD5 and legacies Contribution towards fithdraisiDg officer 27,654 43,303 Charitable activities Donations payab 147,652 84,873 Support eosis Governance costs A¢countsn¢y and illdependent examillees fees 2,646 1,950 Total resoiwces expended 177,952 130,126 Net expenditure before gains and losses {90.72TJ (7,873) Realised recognised gAins kJs¥es Realised gainsl(losses) on r]xed asset [Tr7￿Stments {1.560) ,035 Net (expenditurevincome {92,287) 162 This page d(>es not fom part of the fiNn¢ial statements Page 14