2025-12-31-accounts

R8gÈster8d numb•r'. 07Q05997 Charity number: 1131977 THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY (A Company Limited by Guarantee TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA C¢)mpany Llmltod by Guarantso) CONTENTS Page Reference and AdmlnSgtratlve Deta115 of the Charltable Company, Its Trusts•g and Advi50rs Tru8t•ès' Rèport Indopend•nt Audltorf$ Rèport on tho Flnan¢lal Stal8mgnts Con6011dat•d Stat•m•nt of Flnanclal Actlvltl•8 2-10 18 Consolldated Balance Sheet 17-18 Charitable Company Balance Sheet Consolldatsd Statom•nt of Ca$h Flows 19-20 21 Not0$ to tho Financial St4tomonts 22-59

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guaranteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 310ECEMBER 2028 Trusts•s Mr E Cottrell Lt Col LP8 Cradden MBE IReslgned 27 November 202S} MrMJDFGray Col (Retd) J D Handlord OBE Lt Gen IReldl Slr John Lorimer KCB DSO MBE, Chalr Brigadier (Retdl M P Lowe MBE MrRJEMoo AVM R T l Munro CB TD (Resioned 1 Juty 20251 Ll Gen IReldl JD Page CB OBE M L P Lillywhlle Mrs PF Worsley Tonks MrCAJack Maj Gen O J Kingsbury OBE MrJELGrand Mr G Q Winlor (appointed 31 July 20251 Mr B L Quaiendon lappoinled 31 July 20251 Company reglster•d numbèr 07005997 Charlty reglstered number 1131977 R•glst•r8d offlc8 RHQ Tha Parachute R8gim8nt Merville Barracks Circular Road South Colchester C02 7UT Ind•pgnd•nt audltor Sumer Audllco Llmlled Slalulory Audblor 820 The Crgscenl Colchestèr BusSness Park Colchester Essex C04 9YQ Soli¢itor¥ How8id Kennedy LLP 1 London Bridge London SE19BG Page 1

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company LlmStsd by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trusl888, who 8150 directors ol Ihe Charlly for the purp08es of the Companies Act 2006. present thelr raport with th6 finanual s18t8ments of thè Ch8rily fDr thÈ yèar Èndèd 31 D8c8mber 2025. Th8 Truste88 havo adopted the provisions ol Accounting and Reportlng by Charities.. Statement of Re¢omm&nded Practice ISORPI applicable lo charities preparing their ￿CountS in accordance with the Financial Reporting Standard applicable in the UK and Republlc Of Ireland IFRS 102) leffe¢iive 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Oocurnent The Parachute Ragimenl And Alrborntr Forc¥$ Charfly Ss a Charitablè Company Llmlled by Guarantee ICLGI, as defined by the Companles Act 2006, incorporated on 1 S6ptgmb8r 2009 and r•gl$ler8d 8$ a Charlty INO. 113197n on 5 October 2009. The Company was established under a Memorandum ol AssorAation Idaled 1 Sgpl¢mb$r 2009 and amended on 10 July 20131. whl¢h established the objects and powers of th& charitable Company and Is governed under Ils Artlrle¥ of A&¥ociallon. In the event ol the Company beinq wound up, rnembers ara to contribute an amount not exceoding £5. In 2019. the Trusleo5 gf The Parachute Re9imenl Charfty IPRCI IficN 11319771 and 818ter charity the Alrborne For¢es S8curlty Fund IAFSF) IRCN 2066521, an unln¢orpor8led Irusl, respectively agroed lo rnerge to form The Parachute Regiment and Alrborne Forces Charity IPRAFCI. Iredlng as Support our Paras. effective as ol I January 2020. TrusteeB of the merged Charity were drawn from both Antecedants. A8 part of the m&rper, tha Artl¢lg8 wer& updated In Novefflber 2019 to r6ne¢l the wldenlng of Objects, to Include Airborne Forces bén•ficlarfes. Thls Raport A¢¢ounls Co￿r$ the flfth full year ol optrallon under the PRAFC name. StruGtur• The Charity whDIIy own3 Iradlng 3ubsldlarle8, ABP Relall Llmlled and PARAS'10 Llmiled las detailed below), and is also the sole memb$r ¢1 Airborno Assault Llrnlled IAALI, a reglslered charity (also as detailed below). The Charily and ils subsidlaries form The Pargchuta Reglmenl and Alrborn8 Forcès Charity Group, as reported In the Consolldalion components ol Ihls sel ol accounts. Tha Charity Is th• sole parent ol the58 tsyo trading sub8idiarle¥'. ABP Relall Llmlled, a cornpany registered in England and Walas {rgglsterad numb6r.' 060D90281. and PARAS'10 Llmitèd, 8 company reGi31ered in England and Wales Iregislered number.. 083681991, both of whlch trade In support ol the Charity. AAL Is a ¢harltable CLG, Incorporaled on 7 November 2008 and registered as a eharlly 111267761 on 18 November 2008. The Charity's Articles of Association were revi58d and updated by speci81 resolution on 6 February 2014. From 1 January 2014 the then Parachute Regiment Charity b8cam8 tha solè corporAtÉ mèmbgr of AAL also enlered into a renewable 3-year lundlng agreement to provlde )Inancial support. By vlrtue ol thls, AAL is now controllèd by th8 PRAFC. This 8gr8ern8nl wa8 successively renewed ¢)n 1 January of 2017, 2020 and 2023. Committees The Charity has flve ¢ommittees whlch meet separately and report ts the main Board of Trustees on key areas.. Finanee and Investment IFICI", Weware and Benevolence IWBCI,. Fundraising Marketing IFMCI,. Heritage and Commemoration5 IHCCI.. and Regimental Efficienoy IRECI. The REC was crèaled during 2021 to bètter oidin8le efforts on thi5 key charitable objective. These committees consist of a Trustee Chalr, other nominated Trustèes, èx8euliv8s and non-tru8t8e advisots. In 2023, il w88 decided that the remit ol the Governance and Succession Commillee IGSCI should be lulfllled and dischaiged by a slng18 Trustéè, nominated as GovÈmaThcÉ Lead, who would directly support the Chalrman, plus a nominated deputy rather than havln9 a full ¢ommltteg. Thi3 new arrangement has since proven to be effective and will endure. Page 2

THE PARACHUTE REGIMENT ANDAIRBORNE FORCES CHARITY IA Company Llmlted by Guarantsel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2025 The Board of Tru8lee5 has d¢l?galgd speriflo r¢5ponslbilltles lo commillee8. The FIC advise8 ¢n management of thè Ch8rlty'g Invèstments, as well as reviewing stratogic financial matter$, and makes ￿¢0MmendatIOnS to the Board. The WBC reviews and recommends welfare polcy and 5tral¢gi¢ development lo the Board and supports the Welfare Team by reviewing cases outside the Team's d8lÈoatèd Aulhorily. The FMC advises the Board and supports the CEO and Head of Fundraising & Comms In fundraising strategy and direction. The HCC 8dv15e the Board on slral¢gl¢ p¢llw with regard lo herllage and commemorative programmes, as well as thè 3nnual programme of funding. The REC advises on applications lor fund5 frDrn thè sèrving Règimant. Th& Governance Lead and hi5 deputy have delegated authority 10 5UPPOrt the Ch3im)an In idontifylng, approaching and pulling forward polenllal new Iruslees for the Board's con&ideratlon, as wall as supporting the Chairman and Board with oversight of Gov8rn8nce m8ttÈrs, Includlng Rlsk Assèssment. The Charftys Board of Trustees makes regular revlews of policy and its risk r8gistar 8nd participates actively in periodic reviews of governance b#sl pr8¢1Ico, uslng Industry-slandard tools endorsed by the mllilary charlly Iiad assoc4allon Conlederalion of Strvlce Organlsallons ICob5eol. The Board a180 works closely with Ihtr Senior Management Team to agr89 forward Strategy and, derived from this strategy, 8 rolllng buslness plan to a 5-year horizon. Tho Board of Trustsè$ The Tru$l¥es, who have seNed durfng the porlod and slnce the perlod end, are ¥el out on pagè 8. Ur￿•r its Articles, the Board comprises no mor8 than 15 Trustee8 al any one lirnè. Th8 fruslèes megt quarterty to dlscuss Issues relevant to the Charlty and Ils future developmènt and lo mak& such declsions as are requlred by il¥ Articles. To rèmain agile and responslve lo th8 need$ ol b8n8ficiaries, d8ciBions are also rnade 'oul of commillea, undar the tèrms of tha Artictes. Recrultment ond appolntment of new Trurytetrb The Truslèèi aim lo rètxuil nèw mémbers from bolh Reglrngn¢al, Airborne Forces artd eivlllan ba¢kground$ in ord&r lo ensure that tho Charlly ha$ a balanc* and dlversity of skills and knowledge. To Ihls end, thè Gov8rnane8 L¢od reviews crilerla. skill sets and candidates. New Trustees are encouraged lo famlllarfse Ihem$elve$ wSlh Charlty Comrnission guldance relaiing lo thelr rolè and an Indu¢tlon programma Is provided. External tralnlng courses are also made available. R•lat•d pa￿9• There have been no material Iransadions with other charities connected with Thè Parachute Reglment and Airborne Forcos in Ihe accounting period, other than th080 dis¢losed In the flnanclal 8lat8ments. Management Thè Sanlor Managamènt Tèam conslsls of tho Chiof Executlve, reporting lo the Chairmgn and Board, th8 Finan￿ Direclor, the Head of Fundra15ing & Communications and Iho Head of Welfare. A Five Year Business Plan 12025-291 ha8 been approved and is reviewed qu8rt8rly by the Board, whilst an underlwng Handbook contains all formal operating polieiÈs and procedures as guldanee for Trustee5. manage15 and Staff. In Bddilion, a Truslee-bespoke verslon of this handbook is currently being rewrlLlen. which will underpin Trustèè onboarding, indudion Iiaining. OBJECTIVES AND ACTIVITIES ObjocttV8s and Aims The oble¢ts of the Charity, as staled In Ils Articles, are lo further the following Charitab￿ purposes by such me&n$ as the Ttustees shall from lime to lime thlnk fil.. Th¢ promoli¢n and malntenance ol the heritage of The Parachute Regiment and Airkomè Forces., The promotion of the efficiency of The ParachutÈ RÈyiment'. The relièf of neéd. hardship and distress amongst past and present member8 of Thg Pgrach¢Jte Regiment and Alrborne Forces and their dependanls. Page 3

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARrrY IA Company Llmltsd by Guarantèe) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 310ECEM8ER 2026 Restri¢t¢d Funds Afghan R95trlctsd Fund IARFI After combat operations in Afgh8nist8n ce85ed al the gnd 012014, the Trustees of the then PRC agreed lo lake on Ihe funds and obligations ol form&r charity Tha Parachut8 Regiment Afghanistan Trust IPRATI as of 31 December 2014, with the full approval of the Charlty Comrnls$lon. The former Trust's fvnd5 are held in restricl&d fund 8dmini5traled by the Trustees against the original and amended oble¢t$, a$ d¢fingd by ils Trust Deed, namely.. The rellof of neod lor s)Idier$ ol The Parachute Regiment injured in Afghanistan. Th8 relief of need lor familie8 and dependanls ol the soldiers killeij or Inlured in Afghanlstsn. To promote and sustain th& memoriès of thè IoÈs Df I'fe and 88¢rffice8 made by the Reglment'8 soldiers In Afghanl$tan. To promote mllilary gfllclancy through adventure tr8Snlng and w*ifar& acllvllles lor thosè who served or aro about to $ervo In Afghanlstsn. Before Iransferring th8Sr funds Into the PRC, the PRAT Truste&s amended these objects lo extend the pèriod ol coverage lo app5y from 11 September 2001 onwards and to broaden thè SCDPè tsf appll¢ablllly beyL)nEI Afghanistan. to Include p8rsonng1 who sefygd on other posl.9111 conflicts and operallons. most notAbly, Iraq. Alrborne A$$Auh Normandy Trust IA4NTI As of 1 January 2016, th? Tru8le8s ol the then PRC agreed to take on Ihe fund$ and obll9alions of the lorffler Airborne Assault Nom)andy Trust, mglntalnlng du& rec¢gnrtion and remembrance ol the British AiTborno rola and P8r80nnel during the liberallon of France in the Second World War, whl¢h was dlssolved and whos8 remalnlng funds form a reslricled fund. Truste98 have oversiohl of conllnugd rglallon8hlp$ and dialogue with the clvic aulhorllle$ In Normandy. 8enevolencg and W•llar• Fund Tha 88nevolencg and Welfare Fund Is a restricted fund that r6celv9$ an glemenl of tha voluntary One Day's Pay Schèmè IODPSI ttonlributions from serving soldiers, which are restricted by military $18lulo. A number of other Raslrfcted Funds have been established 88 a result of fundra151ng ￿mPaIgn6 or1gg9Ci&S. Frdncls Fund The Fron¢i$ Fund, establlthed as a result ol a legacy, 15 a ro51rtcled fund that Is applicable for the welfare asslstance of dlsabled veterans and wldows. Public Beneflt Thè Trustèes have complled ￿th their duly under seclion 4111 of the Charitles Act 2011 with regard lo Charity Commlsslon guldan¢o on publlc benefit when reviewing objectives and aims, lulure planning and e51ablishing granl-making policios. Ea¢h of the above-menlioned obie¢l8 of the Charily demonstrato public bènelt: The rellef of need, hardship and distress for serving or former soldièrs of Thè P8r8chul8 Regim8nl and Airborne Forces. and their dependants, Is funded through ¢harilablè funds. where public funds are Insufficlenl or unavallablè. Tho promotion of the efficiency of The Parachute Regimènt assists the maintenance of mora18 and performance within B uniqua regiment of the British Army, which provides key operatlonal oulpul$ al D$fence and Nation41 level. The promotlon and rnalntenan￿ of the herflagg of The Parachute Reglment and Airborne Forc05 assists th8 edU￿tIon both of sèrvlng rnember5 of AiTborne Force5 and the general public in re5pecl of p851 conflicts and the essenlial role of the Armed For￿$, as well as remembraneè of thosè who have served their country. The Airborne Assault Museum promdes significant public benefit as an educational resource for th& public and $ervlng personnel of the Armed For￿S. Page 4

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Glrarantsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Grantm4klng Thè Charity makes grants to mogt th& welfare neod for individuals in need or dlslrg$$, rgqulrlng household or mobility assislance for dlsabilities, as a result of age, woundlng or injury., for those downgraded and discharged peisonn&l transitioning lo civili8n employment,. for nebd, hardship and financial distress both for indimduals and th811 dèpèndants, wlth partlcular èmphasis on tho mitigation ol risks of hornelessneg5 and deliiment lo vulnerable dependants. The effects ol se￿1￿ and, in particular active ope¥8lions, on mèntal héAIth and family relationships are also rnanifesl and therapy is funded to avoid cala8lr¢phic delerioralion. IndlvSdual wellarg 8nd b¢n¢volen¢e ¥pp#¢3llons are assessed against eligibility criteria under tha Charllls oblÉets by thè Wawaro Taam. Applications are rac8ived through serving Unll Welfare Offlcers or, for former soldier5 andlor their dependanls, through caseworker8 Irorn the Soldler5, SailoT5, Alrmèn and Families Assoc4alion ISSAFAI or the Roy85 Brittsh Legion IRBLI via 3 Case M8n8gemenl Syslern ICMSI. relaun¢héd in 2021 as MOSAIC. The Welfare Tearn reviews each case against the eliglbility criteria, then Idenllfi¢$ Ihg most appropriate fund Ireslrictedldesignaledlunreslricledl lor the case need and also $aeks to Sdentify where appropriate land 11 nece8saryl addllional sources ol charhable funding outside the Charity Might b8 sourced and ¢o¢rdinaled with. The Wellarè Team furthar monitors tho Outcoma of the case grant and any conlinulng nogd lor support. Whère ¢a$$ Ss unusual, novel, contentious or exceeds certain threshold levels, reference Is rnadè first tts tha WBC and then, if deemed necessary, the lull Board of Tru8lee8. When paralroop¢r$ ar& m¢dl¢ally dlscharged, the Welfare Team has a Bucce531ul track record ol funding trade Iralnlng and requallfficatlon courses as they prepare for their new Careers and then a$$lsllng them wilh obtaining the tools and equlprnent that they will need In their ¢hos¥n trade. Thls reselllemant actlvity all happen5 under the auspices of the PRAFC's now welPe8tablished C8reer Tr8nsitltsn Officer ICTOI, who Is a mentor and advisor for all our Regimèntal $ervlce leavars, hèlplng th&lr Inillal transition into a succ686ful clvillan career and than balng availab18 lor asslslance wSlh any future problems that may subsequently ari¥8. Annual Reglmenial Efflciency grants 10 our unl1S are mad* by Ihé Board ¥￿th advice from the REC lunder clear guidelines for Adventurous Trainlng, sports, unil welfare and family well-being). with dIS￿ellon delegated lo unit ommanding offie8rs and axpènditurè monitored through regular returns. Further unll and Indbvldual gronl appllcatSons are assessed on merlt, approved inllially by the Chief Executiv8 up lo specifiad dlscielionary levo15, and then by the REC and thereafter by the full Trustee Board, if nec85S3ry. For Herllage and Commemorations grant$, the planned forward programme of events and pilgrimagès lor the upcoming year is raviewfrd annually and scrulinised by the HCC prior to fomal approval by the lull Board. ACHIEVEMENT AND PERFORMANCE Charitablè Aetlvltle$ 2025 repre$enl¢d PRAFC'S sixth lull operallng year and the eleventh under the trading namÈ of Support Our Paras. The ChBrily conlinued to advance ils Objects and lo rnanage a diverse range of fundral$lng actlvilles to 5UPPOrt ih8m. Relief of Need, Hardship and Distrèss In 2025. thè Charity conlnued to èncounter a sustalned level of need Ihal now roU￿n￿lY ￿X¢￿E￿5 prg-COVID levels. Once again, this aligns wrth national econornic indicators and reflect3 strained and ov8rmatGhed public Serv1￿ prowsion. across all sectors, but particuLqrty healthearÈ. Durtng the year, the Charity expended £502k (including support costs of £155kl on the relief ol need, hard$hSp and disliess. which is the primary expenditure under ils Objects. Of this. £181k was from unresliicled funds. £200k from the Afghan Restricted Fvnd IARFI aniy £38k from the Franc65 Fund. Page S

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guaranteèl TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Hero are some Indlvidu81 examples and case-sludies ol how that ￿lief and support was provid8d in 2025.. Veteran A wa$ medically distharged due lo Complex PTSD sustained following numerous operallonal combat tours. He was Struggling with alcohol dependence, depiesslon and anxlely. He sell-isolaled al home and this put a strain on hi5 family. Th8 Charity was fir8t asked lo engage with him by his unit, whilst he was still servlng and slafl visited him al home multiple ts'mes during his transition to b8coming 8 Vèt8r8n. Thèy facilitated MOD-provided therapy and were Insliumenlal In getllng hlm recognised and 3een as a priority. Over lime, he engaged proactively with therapy and his mental health improved. Now also sober. he is currently employed by a local company in th6 delon¢g industry. Sèrving Officer B was di8gnos8d with 18rmlnal Sl8ge 4 cancer of multiple organs In 2025. He dld not requlre any financial assistance. but has been receiving extensive person81 support from thè Charitys staff, who have been lialslng wilh hls homg unlt. hls 8sslgn8d re¢¢v&ry unll and other mblllary ¢h8ri1ies to ensuts Ihai his needs are being met. The family ol a serving $oldler who wa$ klllgd on operatlons have been supportèd sinea hi8 death. B8r8av8m8nl Ih8rspy has been tscllilaled and funded by PRAFC and his mother has been inlroduc&d lo and met with other bereaved next of kln. PRAFC staff are supporting the 18mily thrttugh thè CoronÈCs Inquèst process. V8teran C was Ilving wSlh Parkln3on's dlseaEe. PRAFC helped lo fund a fevolutlonary Irealmanl ¢811gd'0g&p Brain Sllmulallon,, which ha$ $in¢e Improved h1$ qu8llly of life conslderably. Veteran D Is a 4uadripl8glc who has already recelved support frorn PRAFC over many years. He now required replacement ol hls old specialist wh8elchalr at a cost of £29k. ThÈ work and advocacy of PRAFC staff on h18 bohalf $¢¢ure(J Ihls fundlng for hlm through a Ihird party. Veteran X discharged in 2003, struggled with alcohol dep8ndency, which ulllmalaly resulted In homel$ssnoss and breakdown In marrlagelrelallonshlps. PRAFC provided temporary accornmodalion, proaclbvely Ilalsed with a number of extemal agencies, and ensured all welfare needs wera mot. The Wolfar8 tgarn linoludlng Ihg CTOI, local PRA an¢J tho ¢aseworker worke¢J l¢gelher lo provide lirnely, decisive 8UPPOrt. Th9 Bga¢ons Inillallvo ¢onllnued lo add value In 2025 by interacting wilh their local ¢omrnunitieB and organisations and ￿eating an improved awareness wilhln our beneflclary community of PRAFC and whal11 Can do for them. They work proactively to pre-empl and prevent last-minut8 funding requests with longer-lorn cBg0S. The support they offer doe$ not always result In fundlng requests, bul can be more holis140 In naluro, for 8xarnpl8 simply to alleviale loneliness.. Beacon 3 In￿lated and malntah)8d regular conl8¢1 whl¢h eslabllshed 8 rapport that alowed a veteran lo offload and dèeompress his mental anxiety due lo the delay ol his declslon to get an amputation, rather than endure constructive s¢Jrgery and constant pain. Bescon 17 eslablisheé regular contsd with, and continues lo make regular vls11s to, a veteran whols a full- time wh&elchair user and who had lost his job. 11 was 6Stablish8d that th8 V8teran n8?ded extensive works lo hls property. Fle glso greatly benefts from the regular ¢ontacl that a Beacon provides, enabling him to talk lo a rnililary peer and distract himself from the ￿nStant pain. The Beacon has also put hlm in touch wllh othef velerans Ilving nearby and with local support groups. Beacon 16 helped 8 severely 3vicidally indined veteran lo luin hi6 life around after leaving hospital and become a cornpletely new man,. driven, remotivated and determined to both remain sobèr and 991 employment. Also gelling back In Shape wblh gym member$hlp funded by the Charity. Page S

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guarantegl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Reglment41 Efflclency The Charitls support to th8 paratroopers ol tha serving Regiment ba¢kslops crillcal shortfalls In public fundlng provision, particularly as regards rnainlalning 'lhe 9ood thing5 in lile, foi our hard-working and dèdicated people. Our Efficiency 8pend also supports the ability lo Attract and recruil soldiers and officers of the right quality and then rÈinforees thalr subsequènt Indbvidual career progres$ion. thus enstjring that we secure, develop 8né ielain the very best leaders for our soldlers. Both unils and individuals are supported with fvnding lo gnabltr Adventurous Trainlng and sport5 endeavour8, whlch are thaiacler-bulldlng ?divSlles that loslei ImpDrtant professional qualilies such as initiative, comradeshlp and mollvallon. Thas8 èxperiences also con(ributa immeasurably to iMpro￿n9 the overall quallly ol 1Sfe lor the Regirnent's soldiers and maintaining their work-lrfe balanTr. In many ￿se3, s&rvlng personnel also use those opportunilles lo promot8 and raise fund3 for the Charity, yen8r8ting a virtuous funding circle of mutual repulallonal and flnandal benefit. The Regiment's teams and soldlers Gontinue lo compete in the lop echolons of Arrny and InleT-Servic8 sport. In 2025. The Regiment once more excelled in several key sport8, ralalnlng thelr tltles as Arrny Downhill SkiSng Charnplony and Arrny Boxing Champlons. In bobsleigh, the Army was 2025 Inter-services Tèam Champions, with PARA soldiars as 5 of Ihe 8 Army Tagm. as individuals within the Inler-Servi¢e6 and Amiy 2-Man Champion crews, plus an all-PARA crew represenllng Team GB on the Europ8 Clrcull In both Two & Ftsur-MAn avents and an indfvldual repre8enllng Team GB on the Wortd Clrcuil. Al grass r¢ol$ lev¥l, sports and clubs ianglng from 'warrior fitness, and kllesurfing lo clay piGeon shooting and drone-raolng wer@ nurtured withln tho unSls', all such activilieB provided valuable r$¢r¢allonal enjoyment. whilst often also developlng profe55lonally relevant skills and ablllll&$. In a slmllai ve1n, fundlng of baltlefield 8ludie5, which enables serving personnel 10 81udy andloi vi5tt the sits of past operations. especially those in whlch the Reyimènl fought and somèllmes alongslde veterans of Ihose conflicts, ar? hugely important In tèrms of prolesslonal education. Examples of such sludles Ihls year of which aspects were supported by Ihg Chorily include studies ol the Regiment's pa81 campalgns in F8lkland13land8 and Sierra Leone. Herliago & Comm•moratlon Th8 AAL'Airbom8 Ass8uh' Mus8um is locAled within th8 Imp&rlal War Museurn's Duxlord sile. 2025 ma1nt8in8d momentum In the busy programJne of vlslts belng organised by a surKg58ion of serving PARA and Airborng units, veterans, groups. affiliated cadet conlingenls and wider sUPPOrtèrs. Thè Mus•um's oulreach programrne continues 10 Strongly support PPAFC Jt all key Regim&nl81 and Charity gv$nls. 2025 also saw the Museu su¢¢e$sfully ¢onducl ¥ lull audll ol all Ils artefacts and archives in preparation for their r88ccr8ditation by Arts Coun¢il England. g major undertBking. The Charily supports Regirnenlal Remembrance through tho rn8int8nance of memorials. primarily al the National Memorial Arborelurn INMAI, where an gnnual 8UTnrn8r $8rvieè Is hèld, and with an annual Service ol Règimental RèmÉmbr8nce In Novèmber at St Lawrence Jewry. the Reglmenta15y affillated church in the Cily of London. Thtrs$ events a￿ also an important part ¢f our ongoing support lo the farnilies of our fallen. Support 15 a150 provided for Regimental cornrnemorations held 8nnu811y overseas. both in Ncmiandy lor D Day and in the Netherlands for the Ballle ol Arnhem. Veletans of these c8mpaigns can slill apply lor a grant lo make pilgrirnage lo the bsttlègrounds on which thèy once fought, but sadly there are almost none now surviving who 8rè still wèll ènough to make thosè trips. These flagship commemorative activities are also key in rnaintaining the wider public profile and reputation of both The Parachute Regiment 8nd Airborn8 Forcès. In terms of more recent conflicts and operations, 2025 saw us commemorate the 25th annlvèrsary of the Regiment's intervention in Sierra Leone, including the hostage rescue known as Op BARRAS and support of a Regimenlally-sponsored project lo produce an aulhoritslive book which ie¢otds the extensive service of the Regiment in Afghanistan, spanning th8 twenty ye815 of UK'S rni1I18ry involvemènt Ihero b8￿een 2001 and 2021. Page 7

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guarantoel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Supplementing the care and travel costs ol oui R6gimènt81 m8scol8, the Sh81t8nd poni85 'Pega8us' and 'BnJneval'. conlinu?s 11) be another key aspect ol the Charity's widar supporting Hèrltage and CommemoratiV8 effort. again with much b6nèfit in tèrms ol public 8ngag&menl and awareness. The Charity also fo8ters links be￿een the servlng R8glmenl and Alrborne Forces and the wider retired ¢ommunily. through the continued ￿ndIng of the publication of the annual'Pegasus Journal,. FINANCIAL REVIEW FlnAnclal P&rformon¢•- Group The Group's income in 2025 was £1.em. (down from £2.Om in 20241. 2025 88w a fall In donallons trom £299k to £278k. Addilj'onally. legacy income also fell year on year fiom £388k lo £114k in 2025. Inveslmttnt income redu¢ed to £404k in 20251£414k in 20241. Within the overall Group incotne figure 15 £303k ol sales revenue by the subsidiary ABP Relall Ltd agalnsl whlch are sel £276k of cosls. Subsidiary PARAS'10 Limited accountèd for a further £60k income. offset by £38k of costs. Donaled Services of £36k represent the provision of employ8e $oNlces lo the group by the Moo. Charitable activity expenditure for thè yèar decr88sed by £31 k lo £1.14m comparèd lo 2024. The Group's deficit for Ihe year was £113k 12024.. £206k surplus). This increased to a deflcil of £738k aftèr unreallsed investment losses of £824k12024'. surplus of £480k 8ft&r unre¥ll$od Inveslm8nl galns of £274kl, As of 31 December 2025, the Group caThled forward total funds of £14.Sm12024'. £15.3ml. Flnancl41 P•rforrnanc•- Subsbdlarl•8 Alrbornè Assault Limllgd rnad? a defl¢lt of £84k12024- £17kl. Income d6cr8a$$d by £39k. Overall expendlture increased by £8k. ABP Retail Limlled IABPI made a conlrlbution from retall merchandlse $81os of £27k12024.. £40kl pard under GSft Aid lo Its charitable Parènt. Turnover decreased by £95k and cost of salas d8c18aS8d by £63k y8ar on year. PARAS'10 Llmlted made a contribullon to Its parant undar Gift Aid of £22k12024,' £25kl. Prln¢ipal Funding Sour¢g8 As well as Inveslm6nt In¢omg, the Charity has dlverse votunlary income streams.. the One Day's Pay Scheme IODPSI lor Se￿Ing members ol the Reglment.. 9ranls and donations by private individuals, charitabl& bodies lin¢luding branches of the Parachute Reglmental Agsocralion}, trusts, foundations and corporations., legacies., and lund$ ral8eiJ from activltles and events organised by third-party supporlèrs or by th8 Charity itself. Fundrals5ng Controls All fundraising for voluntary donations is managed by a cèll ol two Èrnployees wilhin the Charity, including the CEO. and rèlies heavily on personal initiatives by supporters withln the seNng ané Telire¢J community, a8 well as the general publ¢¢. The Charity organises a number of ils own fundraising events or 5UPPOrts thiid-patty event organisers. No professional fundiaislng organisallon, 8gen¢y or e¢mmercial participator has been or will be employed, as a matlw of current policy. Th& Charity is registèrgd with th& Fundrai8ing Regulator and conforms to ils Code of Standards. It also compliès with guidelings published by the Charlty Commission and the Institute of Fundraising. The Charily monilors fundraising on its behalf by altendznce at events, or whère public nollections are being made, by identity checks on ctsllÈetor$, is8uing clear guidelines on practices and instructions for rernilling funds, and issulng Igllers and badges ol Identificatlon wlth contact details for the Charity- Records are maintained lor all colledors, induding all fundraising aids and matèrials issued and remiltancgs are monilofed. A Complaints Policy agreed by thè TNslee5 15 published and publicly accessible on the Charily web￿le. No complaints were received in 2025. Page 8

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 The Charity is 8lso r8gistÈr8d with th8 Inforrnat￿rt Ctsmmissioners Office IICOI and conforms wilh the Data Prolecllon Act 1998 and Ihg G?neral Data Prol8cUon Regulallons IGOPRI 2018. Investment and Risk Policy All investments funds have ￿en enlrusled Ihroughoul 2025 lo a Slngla mgna9er. CCLA (Churches, Charities 8nd Local Aulhorilie5} Inveslmenl Managemenl Limited. Following a review of performan¢è and a thorough s8lecb.on process. lh8 Charily hav8 subsgquenlty moved their investment holdings lo JM Finn & Co. Ltd durlng 2026. The Investment porttollo Is managed lo malnlaln and grow the true vahje ol the Inveslmenl8 and generate Income which Is allocated to the restrtcted or unrestricted funds according to its 80urce. Thi5 slrate9y do8s lead to greater year-on year-volatilily in fund values, which is renected in thé accounts, but should generate a more favourable return over the long run. Peri¢dlc as$os$menl$ ar¢ madg by the FIC as lo the availability of cash from op?iallng adivitoes for fvrther long-lerTll investment. naling that rèstrictèd and dfrsignated funds all need liquidity to meet demand in Ihglr resp¢¢tive arga$. Investment Performance The value ol th& Charity's Inve$lm¥nls fell dutlng 2025 followlng Ihelr partlal recovery durlng 2024 wllh unr¢8llsed losses of £624k. The Charity recalved investment incorne of £404k12024.' £414kl. Al the end of 2025. the totsl vAIu6 of the Investments held by the charity Blood at £12.42m {2024.. £13.04ml. ReJerveB Pollcy The Charity Is ¢ommltt$d lo malnlalnlng a level ol reserves sufficiènt to rneei ongolng Ilablllliès, InttludlThJ obligallons lo beneflclarles, lo rnaintaln service delivery and lo protect the long.lerrn futurè ol Its operations In the face of uncertainlieB and fluclualions in the voluntsry lundra15ing environment. As of 31 December 2025, the PRAFC Group's t¢lal ￿8¥rveS w¢re £14.Sm 12024.. £15.3ml, of which £4.3m is restrfcled or designated for 4pecifi¢ charitabl& purp0885, and £10.2ffl urbreslriclèd for mèètlng the obj8cls as the Trustees See fil. 11 is the vlaw of th• Truslegs that the r8sarves held are ieasonable and requlred 10 3UPPDrt the ongolng and long-l¢rm welfare n8ed5 of our ￿ntrI￿arleS, as wèll as fvndlng of roglrnonlal afflclèncy, h•rftaga and comm8rnoratlv activity. FUTURE PLANS In Ih8se uncertain and unpredictable economSc time8, the Charity now looks lo malntaln at least ils current levels of di5bvr3ements lo its benefi¢iarie5 right 8cr05s th8 lull rangé of charitable aims and objectives. It will do so, whilst optimising 118 inlem81 éfficien¢y as an ¢rgAnls8tlon, as well a$ seeking to be 'reBilienl by d8ei9n' foi th future. Our Flve-year Buslness Plan1202&291. based upon detailed and rigorous 8lralogl¢ analysls, is our lodestone in doing 50. Beller definlng our eligible beneficiary base and foreoasting Its dynamlcs will also a5S151 in planning for the future, 35 will a pro8¢tive effort lo prodicl, idenlrfy. dèffinè and quontify sociells emerging 'new needs,, Èspècially in thè h•allhc8re sphere. EVENTS SINCE THE END OF THE YEAR Information relating lo even18 slnce the end of tho year Is gIv9n in the notes to the financial stalemenls. Page 9

THE PARACHUTE REQIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guaranteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The Trvst60s {who are also the directors of Ihe Charity lor the purp0585 of company 13wl awe responsible for preparlng the Report of the Trustees and the financial slalements in accordancè with Applicablè law and Unrtèd Kingdom Accounting Standaids IUnil&d Klngdom Generally Accepted Accounting Practic81. Cornp8ny18w requlre8 the Trustees lo prepare financial stalam8nt$ for ea¢h financial year which give e true and fair viw of the state ol 8ffair$ DI the charilable cornpany and of the incomlng resour¢¢$ and appll¢alion of resources, inctuding the Income 8nd expendllur8 of thè charitable company for that period. In so doing. the Tru81ees are required to 8elecl suitable accounting polScle$ and Ihen apply them Conslslently; ObSe￿e the methods and principlès in the Charity SORP., m8ke judgements and eslimalès Ihal are reasonable and prudent.. slala whether applicable UK Accounllng Stsndafds {FRS 1021 hav6 beèn followed. sublgct lo any malgilal dopartures dl$closed and explained In the flnancial slalemonls., prepare the financlal statements on the golng ¢on¢ern basss unles8 1118 Inapproprfal8 lo pr8surne Ihal the charilAblÈ eornpany wlll continue in businesB. Th8 Trustees are r6spon8lbl8 for kgeplng proper a¢¢ounling record8 which dlsclos• wllh raasonablo accuracy at any Ilme the fjnancial posllion ol the charilAblè cornpany and la enable them lo ensure that the financlal sl8lemonl8 wrnply wllh thè Companies Act 2006. They are also r6sponslble for $8fÉguArding the a85218 of the charllabl8 company and hence lor laklng r??son?ble steps for the prevanllon and delodlon of fraud and other DISCLOSURE OF INFORMATION TO AUDITOR In so lar as th8 Trusl88s ar8 awara.. there Is no relevant audit Informallon of whlch the ¢harilable companls auditors ar8 unaware.. and the Irvelee8 have taken all steps that they ought lo have taken to rnak¢ Ih¢m$elves aware of 8ny relevant audit information and lo e$labli$h that the audSlor$ are aware of Ihal information. AUDITOR The audSlor. Sumer Audltco Limilad, has indicalad their wlllingness lo tonllnue In offlc8. Tha d6slgnated Trustees wlll propose a mollon reappoSntlng the audltor at # rneeling of the TruBlees. ACCOUNTING EXEMPTIDNS In preparing this report, the Trustees have taken advantsg& of th* small companle$ exemption5 provided by sectim 415A oflhe Companies 2006. by order o the members of the boord of Trustees and signed on Ihelr behall by.. Sir John L Ch8lr of Trustees SO MBE Dale.. COL6 Page1D

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guarantee) INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY Oplnlon Wè have 8udlted thè financial ststements of The Parachute Regiment and Alrbome For¢gs Charlly (the 'parent charitable companll and its subsidiarie5 Ithe'group'l for the year ended 310ecernber 2025 which comprise the Consolidated Stalerngnl of Financl81 Actlvilies, the Con$olidaled 8alanc* Sheat. the Charilable Company Bal8ncE Shèèt, IhÈ Con501id8tèd Stat8mÈnl ol Cash Flows and the related note5, indudlng a sutnrnary of Significant accounting policies. The financial reporting framework that has been 8ppli8d in their préparation is appllcable law and United Kingdom Accounting Standards, including Flnaneial Raporting Standard 102 'The Financial Reporting Standard appI￿able in the UK and Rèpublic ol Iieland, Iunited Ks'ngdom Gerserally Accepted A¢¢ounllng Praoll¢el. In t>ur oplnion the ffin8n¢lal sl8lemenl$'. give a trut #nd fair vl8w ol the slate ol the Group'$ 8nd of thè parènl charilable companls affairs as al 31 December 2025 and of th8 Group's incoming r83ovrces and appllcalloh of ftsources,1n¢lud5ng Ils Income and expenditure lor th& year Ihtn anded., have been properly prepared in accordance with Unlled Kingdom Gener8lly A¢pRpled A0￿UntIng Pr8clice,' and have been prepared In accordance with the requirements ol the Compan189 Acl 2008 and Ihg Chari1508 Act2011. Ba818 for oplnlon We condvcled cur audll In 8ccord8nc8 with Int8mÈllonal Standards on Audlting (UK) IISA8 IUK)18nd gppllcablo law. Our responsSbllllies undor tho$¢ Slandards are further described in the Audilorfs responsibilitie5 lor thè audit of Ihe financial statements seclion ol our report. We ar8 independent of tha Gioup In accordance wilh the ethical requiremenls that are relevanl to our audit of the financial slalemenl$ In the Unlled Kingdom, including the Financial Reporilrtg Council's Elhlcal Standard, and we hgv¢ fU￿]Ied our other elhical responsibili11g5 in 8ccordanc& with thèsa raquiraments. Wg bellavg that the audlt evidence we have oblalned 1$ sufflcl8nl and approprtat• lo provld• a basls for our oplnlon. cont￿910n8 r•latlng to golng conc•rn In audlllng th¢ flnan¢l81 $latemenl$, we have concluded that the Truslee8' U8& ol th& golng concèrn basss of accounting in Ihe preparation of the financ4al slalemenls Is appropri818. Based on the work we have perForrned. we have not identified any malèrlal uncèrtalntlas relating to events or conditions that, individually OT colleclively, may cast significant doubl on Ihe Group's or the parent charitable companls ability lo continue as a going concern lor a perfod ol al leasl ￿e1Ve months Irorn when the financi81 lalerngnl¥ arg 8ulhori¥gd for i¥8uè. Our r8¥pon5ibilili88 3nd the iespon5ibililies of Ihe Tiustaas with respect lo going concern a￿ described In th& rèl8v8nt sacbons of Ihis report. Pagè11

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guarnnteel INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY ICONTINUEDI Other Infomiatlon The other Informallon ¢ompri$es th• Informallon Included in th& Annual Report oth8r Ihan thè financlal statements and our Auditor's Report Iheraon. The TtU51ee3 are responsible for the other information contained wlthln the Annual Report. Our opinion on th8 finanoial slat8m8nls does not cov8r th8 other information and, except ta Ihe extent olheTwise explicitly slated in our iepom, we do not ¢xprg$s any form of assur8nce concl(t5ion thereon. Our r6sponsibility is tt> rèad the other infomialion and, in doing so, consider whether the olher Informallon Ss materially inconslst6nt with Ihg financial $18lemenls or our knowledg8 obtained in the course ol Ihe audit, or otherwise appears lo be maler5ally misstated. 11 we idenllfy such tn3lerial inconsislencie5 or apparent malerlal mlsslalemenls, we are required to determine whether Ihis gives risè lo a materi81 mi¥¥lal8menl the financlal statements themselves. 11, based on th¢ work wa have performed, we concludo that th8re Is e Malerlal rnisslalement of this other inlormalion. we ar8 requlr8d lo report that fact. We have nglhlng to report In Ihl$ r•g8rd. Oplnlon on other matteY8 pr08¢rfb•d by th? Comp8nl•$ Art 2006 In our o￿n￿n, based on the work undertaken In the Course of the audit.. the Informallon 9Sven Sn the Trustees, Report for the flnanclal year for which lh8 finandal statements Bre pr&paigd Is wn¥i¥lenl wllh the financial slalements. the Trustees, Report has beèn prap8rad in accordance wilh applicable legal requirements. Mattw8 on whleh w• ar• rnqulrnd to report by exceptlon In the light of our knowledge and und•rstsndlng of thè eh8rilable company and 118 environment oblained Sn the ourse of Ihe audit, we have not Identlfied matgrlal rnlsslalernenl$ in the Trustees. Report. Wg have nolhlng lo report In respect of the follovAng mallar$ In rglafjon lo whlch Companiès Act 2006 r8quires u$ lo ￿port lo you If, in our opinion.. Ihè parent charitable company hos not kept adequate and $uffi¢ienl axounllng records, tsr retums adequate for our audll have not been recelved from bran¢hè5 not visited by vs.. the parent chaiilable cornpany financlal statements ale not In agreemenl whth the att¢unling records and r8lurns', or Certain disclosures of Tru8lees' remuneratlon speciffed by law ar• not madè; or we have not received all the inftsitnotion an¢J explan8lions we require for our audit., or the Trustees were not enlrtled lo prepare the financial slatemenls in accordan￿ with lh¢ srnall ¢omp8nie8 regirne and lake advantage of the small oompanle$' exemptions in preparing Ihe Tru51ees' Report and from tha rgquiremant to praparè a Strydlegic R£port. PagE 12

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlled by Guaranteel INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY ICONTINUEDI ReBponslbSlltles of Iru¥tees As explained more fvlly In the Trustees. Responsibililies Sl8lemenl, the Tru$le88 Iwho 8r8 also tho directors of th8 charitablè eompany for thè purptt58s of company lawl arè ièsponsibl8 for the preparation of the financial stal8m6nts and for belng satisfl$d that Ihgy gSve a true and falr view, and lor such internal control as the Trustees determlne 16 ne￿$sary lo enable Ihe preparation oi financial slalemen15 that are free from maleri&l misstaternenl, whether due to fraud or error. In preparing the financial slaternents. Ihe Trustees are responsiblè for assesslng tho Group's and the parent charltsble company'8 ablllty lo continu? as a golng concarn. dlscloslng, as applicable, matters related to going concèrn and using the going conctin basis of aceounling unl&ss the Truste&s either intend to liquidate Ihe Group or the parent charitable company orlo Cease operations, or have no realSstSc allernallve bul lo tjo 30. Page 13

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PARACHUTE REGIMENT ANO AIRBORNE FORCES CHARITY ICONTINUEDI Auditor'8 r88ponJlblllVg8 for the audlt of the flnanclal statements Our ¢bje¢lives are lo obtain re380nable assurance about whether the financial statements as a whole ore free from malerfal misslatem¢nl, whelhor due lo Iraud or error, and lo issua an Auditor's Report Ihat indudes our opinion. Reasonable assu¥ance is a high level of assurance, bul 15 not a guarantee that an audit ￿ndUcted In accordance with ISAS IUKI will always detect a maleiial Misslalemènt when it exists. Misstatements can ai15e frorn fraud or ewror and ar8 considered material il, individually or in the aggregate. they Could reasonabty be expeelgd to Influèneè thè économic derJslon8 of users lakgn on th9 basis of these flnandal 8latem8nls. 1rr8gulariliè$. including fraud. 8re inst8ncès of non-wmpll8ncè wllh law8 and reou1811on8. Vve deslgn procedures in line with our responsibililles, oulllned above, to det&cl matérlal mlsslalem8nls In r&spe¢l ol irre9ularilies, including fraud. The extant lo which our procedures are capable of detecllng Irregularilles. includlng fraud Is dolailed b¥low'. Wa idenllfied arèas ol laws and regulAtions that could raasonably b8 8XP£Cted lo hgvo a malgrial eff?ct on the rinancial slalemènls Irom our general cofflrnerclal and sector experlence, through dlscussion with the trust88S 188 r?qulred by audillng slandard81, In8pecllon ol the Charllable Company's regulatory and legal correspondence end dlscussed wlth thè IruslèÈg the ptslicie$ and procedures regardlng compllance with laws and regulations. We communlcaled Identified laws and regulations throughout our team and remalned alert 10 8ny indications of noncornpliance throughout the audlt. Th8 polenllal 8ffect ol thes8 laws ond regulallons on tho ffinanclal Slalgmgnls vade$ consld*r)bly. Firstly. lh• Group and Charftable CompRny Is sublecl lo Iwis and regulBlions that dirèrtly Bffed thè fflnan¢lal slalemenls including financial reportlng legislatlon and taxation legislallon and w& assessad Iho exl8nl ol cofflplianc8 with Ih88e laws and regulation3 as part ol our PTOC8dures on the related financi81 slalemenl items. Secondly, the Group and Charltable Company Is sublecl to mgny olh6r laws ond r&9ulallong where the consequences of non-cornpllanGe could hava a meterial effèct on amounts or disclosures In the In8nclal 818lemenl$, for Inslanee through the imposition of flnes or Iltigatlon. We Idenlmgd th8 followlng areas as thos8 most likely to hav8 such an eff9cI.. heallh and saloly rogulaligns, gmploymenl law and GDPR. Auditing standards limil the requlied audit procedures to Id6nlify non-compllanc8 wllh thèsa laws 8nd règv181ions lo ènquÈry of Ihg Trustees and other management and inspection of regulatory and legal corr8spondence. if any. Audll pro¢edur$s undertaken In response lo the polenli81 rlsks re131ing lo irregularities (which include fraud and non-compliance with laws and r&gulationgI comprlse<l ol.. enquiiies of management and those charged with governance as to whelher the Group and Charitable CompAny complies with such règulations., anquiries 01 m8nagemenl and those charged wllh governance ¢onceming any aciual or polenllal litlgation or clalms, inspection ol any ielevanl legal documentslion, ievigw of Board minutes, lesling the appropriateness of journal entries and the performanc8 ol analytical rèvlew lo Idèntify any unexpèctèd rnov6m8nls In account bal3nce5 which may be Indlcatlve of fraud. Bg¢ause of the Inhgr9nl Ilmll8llon$ of an aud￿, there 5$ 8 risk that we will not dete¢l all irregularitie5, including those leadlng to a material misgtztement In the financlal statements or non-compllance wllh re9ulalion. This risk increases the more that compliance with a law or regulation is cemoved from the èvènts and transactions 1911ecled in the financial 8lalernenls, as we w511 be less likely lo becorne aware of instances of non-complianc8. The risk 15 also greatei iegarding irfegularities occurring due lo fraud rather than error, as fraud involves Intention81 concealment, forgèry. ctslluslon, ornission or misrèpresèntxtion. A further description of our responsibilities for the audit of the finaneA81 statemènts 18 locatèd on thè Financial Reporting Council's websile at.. www.frc.or -uklaudilorsres onsibllities. ThSs descrfptlon forms part of our Audilols Report. Page 14

THE PAKqCHUTE REGIMENT AND AIRBORNE FORCES CHARITY (A Company Limitèd by GLtarantsèl INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY ICONTINUEDI U89 of our roport This rep¢rt is made stslely 1¢ the ¢haril8ble comp8ny's members. as a body, In a￿)rdanc0 wlth Chapter 3 of Part 16 of the Companies A¢1 2006, and lo the ¢haritable companls trustees, as a body, Pari 4 of the Charitie8 IAccounis and Reports) Regulations 2008. Our audil work has been undertaken so Ihal we might $1910 lo the charitable company's members those mallers we are required to slate lo them in an Audilorfs Rgport and for no other pU￿oSe. To the fulle51 extent pormitted by law, we do not a¢cepl or assurne responsibilily lo anyone olher than thè charitabla company and Ils mèmbèrs, as 8 body, lor our audit wth, lor this report, or for th6 opinions w& hav6 formed. Plors Harrlson FCA Isonlor Statutory Audltorl for and on behall of Sumer Audltco Llrnltgd Slalulgry Audllor 820 Th• Crescent Colch$sler Buslne$s Park Colch8Ster Essex C04 gYQ Oale. 6 August 2026 Page 15

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlt•d by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2026 Unre8lrlcled fund 2026 Re8trlcled funds 2025 Totsl funds 2025 Total funds 2024 Note In¢omo from., Don8tions and 18gac18¥ Charitable activities other Iradlng activlties Investment income 518,346 21,695 488.411 341.848 1,370,300 158.366 4,400 876,712 26,095 488.411 403,531 953.713 24,636 6CQ,548 414,142 1.999,039 61.683 Totsl Income 224,449 1,694,749 Expendlturo on,. Raislng funds Charitable aclivitl8S'. 562,394 662,394 617.769 Promotè and rnaintain the heritage of The Pargchule Regiment and Alrborng Force8 241,803 73,023 314,626 318,S4S Promote the effi¢ien¢y of The Parochule Reglm8nl and Alrborne For¢gs Rellel ol need, hardshlp and disliess ol past and present members ol The Parachute Regiment and Airborne For¢98 and Ihelr dgpendanl$ Total expendlture 165.944 163,422 329,386 323.935 180.930 320,794 501,724 535,001 1.160.871 67,239 1,708,110 1,793,250 Net incomell6xpenditur81 béforè nèt galns on Investments Net Ilossesllgains on invostment5 219,429 1822,9331 1332.7901 1101,3201 1113,3811 1624,2531 205,789 273,738 Net mov•m•nt In fund8 1303.5041 1434,1101 1737,6141 479,527 Reconclllatlon of funds: Total funds brought forward Net movernenl in lunds 12,276,273 1303,$041 3,009,021 1434,1101 1S,285,294 1737,6141 14,80S,767 479,527 Total funds carrled forward 11,972,769 2,574,911 14,547,6BO 15,285,294 The Consolidated Slalernent of Financial Activities includes abl gains and losse8 recognised In the year. The notes on pag•s 22 to 59 frjmi part olthesa Inancial statéments. Page16

THE PARACHUTE REGIMENT ANO AIRBORNE FORCES CHARITY IA Company Llmlt8d by Guardnto*1 REGISTERED NUMBER- 07005997 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Note Flxed assets Intanoible ass&ts Tangible gssels Heritage asse15 Investments 18 17 101.084 666,848 391,414 12,416,889 76.171 608.568 391,414 13,041.142 19 13M76,033 14.117.295 Current assets Stocks Debtor$ CaBh al bank In hand 20 21 98,944 184,288 9S7,890 73,e33 180,335 1.120,685 1,251,122 1,374,e53 Curr•nt11oblllll¢$ Cr•dlloi&.' amounts falllng due wllhSn on8 year 22 1179,4751 1206,6541 Net current 8880 1,071,647 1,167,999 Total nat assets 14,647,680 15,285,294 Charlty fund$ Reslrlcled funds Unrestrlcted fund5 24 24 2,614,911 11,932,769 3.009,021 12.278,273 Total funds 14,547,680 15,285,294 Page17

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guarantee) CONSOLIDATED BALANCE SHEET ICONTINUEDI AS AT 31 DECEMBER 2026 The Trustees acknowledge Ihelr responsibilllies for complying with the requligrngnls of Ihg A¢1 with rgspect lo accounting record5 and preparation of financial statemenls. Tha financial stataments h8vè bean prèpar8d In accordanc8 wllh the provlsions applICab￿ lo enlrties subject lo the Small companies regime. The fin8n¢l81 statements ere approved and auihorised fw issue by the Trustees and signed on their behalf by.. Lt en Ch81 Ir John Lorlmer ruslees OMBE Dale.. The note¥ on pages 2 59 for part of these financlal Btalemenls. Page 18

THE PARACHUTE REGIMENT AND AIRBORNE FORCE8 CHARITY IA Company Llmlted by Guarant•o1 REGISTERED NUMBER: 07005997 CHARITABLE COMPANY BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Noto Fixod assets Intangible assels Tangible assets Heritage Èss8ls Inveslrnenls 16 17 2,803 1,168 391,414 12A16,892 4.205 2,967 391.414 13.041.145 19 12.812,277 13.439.731 Curr•nt assets Stocks D*blor$ C88h al bank and In h8nd 20 21 11,548 236,720 766,147 301,378 831,600 1,012,41S 1,132,978 Currènt Ilabllllle8 Cred11016'. amounts falling due within one year 22 198,6441 1171,5741 Nèt currant assets 913,771 961,404 Total a88ets le88 current IlabllSt1•8 13,726,048 14,401,135 Total net assets 13,726,048 14,401.135 Charlty funds Restricted funds Unrestrlcled funds 24 24 1,962,498 11,763,SSO 2.349,039 12,052,096 Total fund6 13,726,048 14.401,135 Page 19

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guaranteg) CHARITABLE COMPANY BALANCE SHEET ICONTINUEOI ASAT 31 DECEMBER 202S The Charitable Company's net movement in funds for the year was1£675,087112024- surplus of £496,213). The Tru81ees acknowledge their responsibilities for cornplying wilh the requirement3 of the Act with respect lo accountlng records and preparation of flnandal statements. The finane4al statements have been prepared in accordance with the provisions applicable lo entities subject to tha small companle5 iegime. The ial statements w e approved and aulhorlsod for Issu9 by th9 Truste9$ and slgned on Ihelr beham ty.. LtG8 Chair ol ohn Lorlmar sleo Dale., Th8 nol•$ on pages 22 10 form p rt of these fin8ncl8161al&menl8. Page 20

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guarant•o1 ONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Not• Cash flows from operatlng actlvltleg Nel cash used In operatlng act￿lI1e8 27 1808,70SI {107,3971 C•$h Ilow$ from Invèillng a¢tlvltle$ Interest received Dividends received Proceeds from the sate of langible fixed assets Pur¢hase of Intangible a$$els Purehase )f langlble flxgd a89ets Purchase ol investments 29.307 374,224 212 156,1601 11,6731 35.521 378,621 156.1601 14,9451 Isoo,0001 N•t ea8h provld•d byllu8•d Inl 5nv88tlng actlvltl•s 346,910 1146.9631 Change In cash and ca8h equlvwlents In th• y•ar Cash and cash equlwalenl8 al Ihg booinnlng ol the yoar 1162,7951 1254,3801 1,120,685 1,375.045 Ca8h and ca8h equlvalents at the end of tho year 28 957,890 1,120,685 The not8s on pages 22 to Sg form part of these financjal slalernenls P898 21

THE PARACHLITE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S General inlormation The Parachute Regiment and Al￿OrThe Forces Charlty Is a prlvat9 company Ilmlled by guarantee and inctrporaled in England, registered office Regimental Headquarters, Metvlll¢ Bairacks. Colcheslef, C02 7UT. Th¥ finand81 slaltrmenls are pre£enled in Sterfing, which 15 Ihe functional currency ol the Group. There are no materlal uncertalntle5 abaul the chadly'5 ability lo wnlbnue. The Parachute Regiment and Airborne Forces Charity conslitut8s a pub￿0 benefit antity As d8fined by FRS 102. Aecountlng pr¢ll¢le8 2.1 Basis of pr8paratlon of flnanclal statèmènts Thè ffinancial Slalemenls have been prepared in accordance with the Charllles SORP IFRS 1021 Accounting and Reporting by Charities." Stalarnent of Recommended Practice applicable lo charlties preparing thglr accounts In ac¢oidancg wllh tho Flnancial Reporting Standard applicable in the UK and Republlc of Ir8land IFRS 10211gffgctive 1 J8nuary 20191, the Flnandal Reporting Standard appll¢able In thè UK and Rèpublic of Ireland IFRS 1021 and th$ Cornpanlg$ Act 20[￿. The Parachu19 Reglmenl and Alrborne For¢e$ Charfty meets the definlllon ol a publlc benefll entlly under FRS 102. Assets and babllilles are Inltially recognlsgd al hl8lorl¢ai ¢081 or transaction value unless otherwis8 slated In th8 relevant accounllng policy. The Consolldal8d Sl8tam•nl of Flnandal A¢tlvill¥$ ISOFAI and Con8011dated Balance Sheet Consolidate the financlal slal•m•nts ol th& Charttablè Company and ilg sub$ldlary undertaklngs. Thè fesulls of the subsldiaries are con5011daled on a Ilne by line ba$l8. The Charllablè Cornpany h8$ taken affvantagg of the exemption allowed under $8cllon 408 01 the Companie5 Act 2006 and has not presented Ils own Statement of FlnanrAal Activities In these nancial slalernents. 2.2 8&•19 of eon9011dgtion The 8ccounls of Ihe Group consolidate the results of the company an¢J Ils subsidiary undertakings, ABP RÈtail Limited. PARAS'10 Lirnited and Airborne Assault Lirniled which a￿ made up lo 31 December. The a¢¢ounls are consoll¢JaleiJ on a Ilne by Ilne ba$ls. Inlercornpany transacllons and balances b&￿een group enlili¢s ore Iherefore glimlnaled in full. Page 22

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted ty Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcl•s l¢ontlnuedl 2.3 Income l income is recognised once the Charitable Company has enllllernenl lo the In¢ome, 51 Is probable Ihal th8 In¢orng will bg iec9ivgd and Ihg amount of r¢ceSvable can be measured reliabty. Turnover is the amount derived from the provision of goodslservice8, and slated after trade dl3counls, other sal88 taxes and nel of VAT where applcablg. Grants are Sncluded in the Con$olidaled Statement of Finandal Activities on 8 recelvabl8 bas16. The balance ol income received for speclfic purposes but not expended during the period 1$ shown in the relevant fvnds on the Balance Sheet. Where incorne is received in advance Of enlillemenl of rtc•lpl, 11$ ie¢ognillon 15 d¢lerr¢d and In¢lud¢d In creditor$ 8$ dèf¢rred Income. Whora entiuoment occurs bèfora incomè is rècaiv£d. thè incotne is aceruad. Donated services and lac5111ies repre5en18 Costs borne by the Mlnlstry of DÈfÈncè In conneellon ¥￿th Staff settonded lo the Museum and the pBrenl charity wilhoul charges. rates and other office expen818. 2.4 Exp•ndltur• Llabillliès 8r& recognlsÈd as èxpÈndlturo as soon 8S th?re 1$ a lègal or constructlve obligallon ¢ommittlng the charity lo that ¢xp¢ndllure,11 Is probable that a transfer of econornic benefits will be required in settlement and the amount of the obligation can bo measured reliably. ExpÈndilure is accounted for on an accrua15 basis and has been cla65ifiod under headings Ihal aggregalo all ¢o$l r&laled to the ¢aleg0ry. Whertt ¢0818 Cannot b& dlre¢lly allribul?d lo particu18r hoadings they have baen allocal•d lo aetlvitles on a basls coftglstant wllh th• use of resourcos. Expenditure on raising funds includes all expendrture incurred by the Group lo rai39 fund5 for 118 ¢harllable purposes and includes ¢05ts 01811 fundralslng acllvllles events and non-charilable Iradlng. Expenditure on charitable act)vltie9 Is incurred on directly undertaking tho aclivilies which further the Group's obleclives, as well as any assoc4aled support cosls. Grants offgred subject lo Gondiliciris which have not b•tn mèl at thè yèar end 8rg notgd as a ¢ommilm•nl. bul not 3o¢rued as èxpendSlurè. All expendilure is inclusive of irrecoveroble VAT. 2.5 Allocallon and apportlonment ¢￿ts Support costs are costs rèlated to prDvldlng direct support to the charitable company bul al80 ncludes IT costs, insurance. telephone and other office costs. Governance costs ale audit fees and Iruslee meeting and travel expenditure. Any such costs incurred during the year that are not directly allrlbutable lo the Charllable acliviues of Ihe organisalion are allocated on the proportion of total dSrect 9515 required to support each arlwily. 2.6 Int•r•st rec8ivable Interest on funds held on deposit 15 included when receivable and the 8Trount can bè mÈasured rellably by the Group,. this is nonralty upon n¢iiff¢ation of the Interest pald or payable by the instltution wilh whom the funds afft deposiled. Pagé 23

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limitsd by Guarant901 MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accoun￿n9 polici•8 (Continu￿) 2.7 For•ign ¢urr•nclo$ Monetary asset5 and liabilities denominated in foreign currencies are translated into sterling at rates of exchange rullng al th& reporwng date. Transactions in foreign currenc￿S are translated into st8rling at thè rat• ruling on thè dalè tsf thè Iransacllon. Ex¢hang8 galn$ and lo$so$ aro r$cognlsgd in the Ccnsolldaled Slalemenl of Financi81 AclivllSes. 2.8 Intanglble a88ets and amortieatlon IntAnglble fixed as58ls recognlsèd at cost and amortl$ad 0￿r an 8 10 10 year period on a $lra)9hl Ilne basis. Al each reportlng dale the Group and Charitable Company aSBesses whether there Is any indicalion of Impgimenl. 11 such Indication exists. the recoverable amount of the aB8el13 determined lo be the hlgher of Ils farr value less cosls to sell and Ils vAfue In use. An Impairmanl loss 1$ r•cognl8ed wh&re the carylnG amount exceeds Ihe recoverable amount. All Sntanglblè assals ara consldered lo have a ffinite useful Ille, which mu51 be re¥￿Wed al each reportlng dale. 11 a rellable ¢stSmalo ol tho useful Ilfe cannol be made, Ils presumed 1¢ b¥ no mor than five years. Amortlsgllon 1$ prO￿ded on Inlanglbl& as8018 al rates caleulaled lo wrila off the c081 of each asset on slralght-Iln8 basls over Its exp8ct8d usaful lif8. 2.9 TAn9lblo fSxd a8•0ts and depr?¢lAUon Tanglble fixed assets are Inillally reGognised al ¢osl. After rg¢ognlllon. under th& cost model, langlble flxgd assets are measured al cost less accumulated depreciation and any accumulated impalrment losses. All costs incurred to bring 8 tangible fixeij a5sel into ils intended working condition should be In¢lu4ed In Ihe m¢asur6m?nt ol co$1. Depreclalion is charged so as lo allocate the cosl ol tangible flxed assets less th6lr resldual va￿• over Ih8ir e¥limaled useful lives. OeprerAallon is provlded on the followlng basos.. Leasehold property Equipment and fittings over the length of the lease $traighl line over 4 years, slraighl line ¢)ver 3- 10 years and 10% reducing bslsncè. Page 24

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY (A Company Llmltsd by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting polici8# Icontinuedl 2.10 H8ritsg8 As$¢ts The Parachule Regiment and Airbome Force5 Charlly holds various heritage a8sels, Including a memorial statue, paintings, slaluelles, 8nd Irophles, lo preserve Ihe h9rilag8 of thè P8rachut& Regiment and Airborne For¢es. These assEt5 are included at ¢051 and are not rl¥pi8cialed as their r181uré mèan8 that they have an indofinile useful econom1¢ lilè. Conslderallon is given each year a8 lo whether the value ol these assets should be wrlllen down If drcumstances mean they hav become impaired. Alrborne A$$aull LlmSled, a subsidlary ol the parent ChBritablÈ Company. holds a large number of hatitage assets Sn connection with the history ol Airborne Forces and consists of the Mu8eum'8 oollection both on and off display. They Inolude medals. uniforms, equlpmenl, véhiclés an èx18nslv& archlve ol do￿[￿entS and irv8gery and other 8rtelacls. The objects are unsidered heritage assels under the Stat&rnbnt of R6comm8nded Practice term5 as they are tanglble assets of hisloric or artlslic importanee.. consequently, no value Is plpced On èilhar the asset or the donaiKJn for accounting purposes. The m8naoement pollcy In rèspacl of h&rllage assets is 8umm8rl$4d In not8 18. 2.11 Invèstménts Flxed asset Inve81rngnls are a form of fln8nci81 Instrument and are Inlllally r$cognlsed at Ihelr Iran58Glion coit and subséquèntly m8asured at lalr value al the Balance Sh9ol date, unless tho value cannot be mga$ured roliably Sn whlch case il 15 measured al co81 lèss impalrmant. Invostment galns and losses, whether iealised or unr8alised. are combined and plasented as 'GainsllLossgsI on Inveslrnents, In the Consolidated Slalemenl of Fin8nolo1 Actlvities. Investments In subsidiarias ara vAluèd al cost less provision for imp81m&nt. 2.12 Toxatlon The Charitable Company 1$ con$ldar8d to p&ss Ihe 188ls set oul in Paragraph 1 Schedu18 6 01 the Flnance Act 2010 and therefore il meets Ihe definition of a charitable company for UK ¢orpor81ion lax purpos•s. Accordingly, the Charitable Company Is potentially exempt from laxalion in respèet of Incorne or capilal galns received within calegoTiey covered by Chapler 3 Part 11 01 the Corporallon Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such incorne or gxlns arè applièd èxcluslvely lo charllable purposes. Tha subsidiaries do not recognise a current lax charge on the bas1$ that the companie8 plpn lo continue to gift aid any taxable profits lo the Chafllable Company. Ils parent und8rtaking, lor the loreseeable future. Taxable profits ar? thg1gfoiB not antlcipated to arise. 2.13 stoeks Stocks are valued al the lower of cost ahd nèt reallsable value after rnaking due allowance for obsolet8 and slow-movlng stoeks. Cost include$ all direct costs and an appropriate proportion of fixed and variable overt)eads. P89è 25

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guarants91 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policios Icontinu•dl 2.14 Fund accounting Genèral funds ar8 unreslricied funds which are available for use al the dls¢rellon ol the Trustees in furtheranc& of Ihg 9eneral obj&otlvos ¢f th8 Group and which have not been de51gna19d for other purpose8. Deslgn8104 funds Comp￿$8 unrestricted funds that havg baen sat asldè by the Tru31ees for partlcular purposes. The alm 8nd usè of 98ch designated fund Is set out In the notes lo the financial slalemenls. Règtfictèd lund5 8re funds whkh are lo be used In accordance wllh $peclflc r881r￿lOns irnposed by donors or whlch have b$en raised by the Group for particular purposes. The costs ol ralslng and administering such lunds are charged agaln$l Ihe sp6eific fund. The aim and usg ol &a¢h ro$lri¢led fund is sel out In the noles lo th6 financi81 stalemenls. Invoslm8nl Income, gBlns and Ioss$8 are allocated lo the approprlate fund. 2.16 R6tlrem¢nt b?nellts The Group op&ro198 a I￿ned contribution pen3lon schemo. Contrlbution8 payabl8 lo Ihe Charflablo Cornpanls penslon scheme are chaiged lo thg Slalemenl of Financlal Acllvllies In the pedod to which they relate. Expenses are allocat8d basèd on Ihe proportion ol direct costs required lo support éach actlvity. 2.16 Debtors Trade ond tslher debtors arg recognlsed al lh8 S81tlamènt amounl aftér any trade discount oflered. Prepayrnenlg oro valu&d al the amount prepaid nel of any trad8 dlscounts duè. 2.17 Ca•h at bank and In hand Cash at bank and In hand inc]udÈs cash and short-lerm highly liquid investments with a short malurily of three months or less frorn Ihe dale of acquisillon or opening ol the deposit or simllar account. 2.18 Llabll1tl￿ and provlslong Liabilities are recognlsed whèn there is an Dblig8tion al the Balance Sheet date as a result of a past event, il is probable that a transfer of economic bènèfit will be required in settlement, and the amount ol th6 8elt18menl can be estirnaled reliably. Liabilities are recognlsed al the amount that the Group and Charitable Company antieipat6$ il will pay lo sèttle Ihe debt or the amount il has received as advanced payments lor the goods or servic8S it mu$l provlde. Pr0*7sions ar8 maasured at tha b8st £stlmal8 of the amoun18 requlred to settle the obllgallon. Where the effect ol the time value of money is materi81, the provision is ba58d on the present value of those amounts, discounted at the pre•lax discount rate that rellects the rlsks $pe¢lfi¢ to the liability. The unwinding of thè discount Is rèctsgnigÈd in the Consoh'daled Statement of Flnancial A￿1VitieS as a finan￿ cost. Page 26

THE PARACHUTE REGIMENT ANO AIRBORNE FORCES CHARITY IA Comp8ny Limitèd by Guargntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng polS¢les (Ggntlnuedl 2.19 Flnancl41 In¥trumonts The Group only has financial assets and financial 118bililies ol a kind that qualify as basic financial instruments. Basic financial ins¢rumenls ar8 (nilially rècognisad al transaction value and 5ubsgqugnlly measured at their settlernenl valuè with the exception ol bank loans which are subsequ8ntly mtasured al amorfsed Cost uslng the effective interest method. Crltlcal ac¢ountlng ?$tlmat¥B and BreH8 of ludgment Esllmats and ludgmenis arg conllnually evaluated and are ba¥ed on hlstorleal exp8rience and other factors, includlng expectatlons of future #vents that 8re belleved lo bè re&8onabl8 under tha circurnstancgs. Critlcal accountlng astlmales and assvrnptlon8'. Useful economlc Ilfe of Intanglble flxed a3?9ts The annual amortiaalion chargè for Inlangibla flxad a$$els Is 5en$illve lo chang¢$ In thè astlmated usgful econtsmi¢ livs and r*$ldual values of the assets. The useful oconornic IlvÈs and rèsSdual values are r&o$sessed annually. They are amended when nece8s8ry lo refl9¢1 current estimates, based ¢n technological advancernenl, futurè Inve8lm¥n16, economlc utSllsatlon And Ihe Income gen?r?Ilon polenllal of the as5els. U$•ful eeonomlc Ilf• of tanglble Ilxed assets The annual depreciation charge for tangible flxed assets Is sonslllve lo ohange8 in thè 081imaled usefvl econornic lives and residual values ol the assets. The useful economlc Ilve8 and rg9idu81 valu85 are reassessed annually. They are amended when necèssary lo reflect currènt •stlmates, based on le¢hnologl¢81 8dvanc8ment, future inv8slmgnls, economic uulisalion and the physlc41 condition of the assets The Group and Charll3blg Cornpany makes asllmatgs and assumplions ￿nCernIng th& futur8. The resuEting 8¢¢ounllng esllmales and assumptlons will, by definilion, seldorn 8qu81 thè related actual results. The &slimates and assumptions Ihal have a significant risk of causing a material adjustment lo the carrylng amounts of asse15 and liabilities within the next flnan¢lal year ar6 dlscussed below. Page 27

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limitèd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S Income from donations and legaci85 Unro$trlctsd R•$td¢ted funds fund¥ 202S 2025 Total funds 2025 PARAS'10 sponsorship ParaData donallons Donatlons Legacl¢¥ Grants Day's Pay schame Incorne Donated 8ervices and facllili8S 6.903 5.639 248,896 114,226 6,903 5,639 275.562 114,226 25,454 212,642 36,286 26,888 25.454 106,248 106,39e 38,28e 518,34e 158,366 676,712 Unre81ri¢led lund8 2024 Restrlol8d funds 2024 Total funds 2024 PARAS'10 sponsorshlp ParaDala donali¢ns Donaiions Leoacies Grants Day's Pay 8¢heme incorne Oonaled servlces and facllilles 3,8F)3 3,932 257,825 387,880 3,853 3,932 298,826 387,880 18,456 204,330 36,436 41,001 18,456 102.103 102,227 36,436 792,153 181.5eo 953,713 Donated s8rvic83 are borne by the Minislry of Delence In Connection with Staff Seconded to Thè Parachute Reglm¢nl and Airborne Forces Charily without chargo. Fage 28

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARrrY IA Company Limitad by Guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Other tradlng actlvltles Unrestricted funds 2025 Total funds 2025 Merchandise Advertising- PÉg8SUS Royalties Charilablo fundraising events ParaData pholo sales Tradlng acllvllles 25.ses 2S.$66 4e3 28,750 1,34S 432,286 463 28.750 1,34S 432,288 488,411 488,411 Vnrestricted funds 2024 Reslilcled funds 2024 Total lund$ 2024 Merchandlse Advertlsing . Pegasu8 Royallles Chadlabl¢ fundralsing events ParaDala photo $al$$ Trading activities 7,022 7,022 2,543 665 148,72S 65 448,828 2,543 e65 148,725 885 446,628 804,005 2,543 8(￿,548 Investment Income Unrestrictod Restricted funds funds 2025 2025 Total funds 2025 OIMdend$ Interest 312,936 28,912 61,288 395 374.224 29,307 341,848 61,683 403,531 Page 29

THE PARACHUTE REGIMENT AND AIRBORNE FORCES cHAR￿y IA Company Limited by Guarantoel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 202S Unrestricted funds 2024 Reslricled funds 2024 TDlal funds 2024 Olvidgnd¥ Intere81 316,147 31,338 62,474 4,183 378,621 35,521 347,485 66,657 414.142 Income from charltabl• actlvltl•8 Unrestrictgd R•strletod fund8 funds 2025 202S T¢tsl fund8 2025 SubBcriptions- Pe9a8us Journal Grant$ Resgarchlarchlve vlslls 4,400 4,400 19,600 2,095 19,600 2,095 21,695 4.400 26,095 Unreslrict•d funds 2024 R&$ld¢ted funds 2024 Tol81 funds 2024 Subscripllons- Pegasus Journal Grants Re8earthlarehive visits 4,679 4,679 17,815 2,142 17.815 2,142 19,957 4,879 24,636 Paga 30

THE PARACHUTE REGIPIIENT AND AIRBORNE FORCES CHARITY IA Gompany Llmlt•d by Guarant•o1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 Analysls of &Xp8ndl￿re on ralslnc fund8 Unrestrlcted fund6 2025 Total fund 2026 RaiBing donation$ and 1oga¢i•$ Stsff c0818 Fvndraislng and online Glving COBt8 TrAval and subsislenco Function èxpgnse$ Merchandlse Tradino actlvilies.. ABP Relail Limited Tr8dlng a¢llvi119$.' PARAS'10 Limited Support C081s (Note 111 134,497 53,333 2,134 11,565 134,497 53.333 2,134 11,S65 599 Z75,S18 38,314 46,434 275,518 38,314 46,434 se2.394 562,394 Unreslrlcled funds 2024 Total funds 2024 Staff co818 Fundraising and online giviny ¢0818 Trav61 and subsistence Function expen$&$ Merchandlse Tradln9 a¢tivill¢$.' ABP Retail Limited Trading activilie8.' PARAS'10 Lirni18d Support CO8ls (Note 11} 119,182 49,150 3,351 12,5S9 15,477 357.157 20.729 40,164 119,182 49,150 3,351 12,559 15.477 357,157 20,729 40,164 617,769 617,769 P8g8 31

THE PARACHUTE REGIMENT ANO AIRBORNE FORCES CHARITY IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analy$i$ of ¢xpendiiure by activity Grant lundlng of actlvltles 2025 Support costs 2025 Total fund$ 2026 Dlrect co¥ts 2025 Promote and maintain Ihg h¢iitage of Th* P8rachule Regiment and Airbome Force$- General Promote and maintain the herrtage ol The Para¢hule Rtgimenl and Airborn@ Forc•s- Museum 75,039 30,956 10S.996 208,631 208,631 283,670 30,956 314,626 PTomote the èfficigney ol Th8 Parachute Règiment and Airbomfr Forces Relief of n8ed. hardshlp and distress of pasl and present members of The Parachut6 Regiment and Airborne Forces and Ihelr dop•ndant8 105,444 146,532 77,390 329,368 139,689 207,258 154,779 601,724 S27,2D3 353,788 263,12S 1.144,116 Grant funding 01 Support costs 2024 Total funds 2024 Dlrecl costs 2024 2024 Prornote and malntain th• hèrrtagè of The Parachute Regiment and Alrborne Forces- General Promote and maintain th6 heritage of Tha Pai8¢hule Regiment and Airborne Forces- Museum 89,360 28,776 118.138 196,173 4,236 200,409 285,533 31,012 316,545 Promote the efficlency of The Parachute Regirnenl and Airborne Forces Relief of need. hardship and dislr$vJ of past and present memb&rs of The Paratthute R¢girnonl and Airborne Forces and Iheir d8p8ndants 121,554 135,440 66.941 323,935 140,089 261,030 133,882 535,001 547,176 396,470 231,835 1,175,481 Page 32

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARrrY IA eofflpany Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20215 10. Analysis of grants Unrestrlctsd R•5trlct•d funds funds 2025 2025 Total funds 202S Promotè and maintain the heritage ol The Parachule Regiment and Airborne Forces Promote Ihe efflclency of The Parachute R8glmenl and Airborne Forces Relief of n86d. hardship and distres5 of past and pres&nl members ol The Parachvle Reglmenl and Alrborne Forces and their dependan15 148,532 146.532 25,002 182,2S4 207.256 171,534 182,254 3S3,788 Unrestrlcted fund¥ 2025 Reslri¢lod lund$ 202S To181 funds 2025 Tho Parachult Reglmenlal Assocl8llon Other organi3alion8 and Individuals. 9,608 181,928 9,608 344,180 182,254 171,534 182,254 353,768 In Ihg year to 31 December 2025. The Parachute Regiment and Alrborne Forces Charity rnad? a lolal ol 291 grants 12024.. 3681 lo Indlvldua15 lor the provlslon of welfare services, support and financlal asB151ance for soldier8 or famlty aTrd d¢pendants of soldiers of The Parachute Regiment and Airbome Forc95. Paga 33

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlled by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S 11. Analysls of 5UPPQrt costs Govemance ¢o$ts 2028 Total fund¥ 2025 Other 2025 Rsising funds 43,820 2.814 46.434 Promo1$ and maintain the heritage of The Parachula Reglmenl and Alrborne Forces J4umot£ Ihg gfficienoy of The Parachute Reglment and Alrborne ForG8s Rellef of need, hardshlp and dlstress ol past and present members ol The Para¢hule Règirnenl and Airborne Forces and thelr dapendonts 29,080 1,876 30.9S6 72,700 4,889 77.389 145,400 9,379 154.779 247,180 1 S,944 263,124 Musgum runnlng 4,163 4,163 Allocated 10 Charilabla A¢tlvi11g6 247,180 20,107 267.287 Total support cosli 290.800 22,921 313,721 Pa99 34

THE PARACHUTE REGIMENT ANO AIRBORNE FORCES CHARITY IA Company Limited by Guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Govèrn8ncè costs 2024 Total funds 2024 Othar 2024 Ra151ng funds 38,09S 2.069 40.1S4 Promote and maintain th& heritage of Tha Parachut& Regiment and Airborne Forces Promote the gffi¢i$n¢y ol Thg Para¢hulg R&glmgnl and Airborne Forces Relief of need, hardship and distress ol past and present members of The Parachut8 Regim6nt and Airborne Force5 and Iheir dependanls 25,397 1,379 28,778 63.492 3,449 86,941 126,985 6,897 133,882 215.874 11,725 227,599 Museum runnkng 4,238 4,236 Allocated lo Charflabl? Acllvitles 215,874 1S,961 231,835 Total support ¢o$ls 253,969 18,030 271,999 Pa9e 35

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 12. Support Costs 2026 2024 Bank chargès Depreciation charge Audit fees Pr¢fe$$lonal l¥es Insurancg IT costs Offiee expenses P081age and dollv?ry Printing Staff Bypenlés SubscripUonB Support salAry costs Telephone Travel and rneelings Trustee expenses Governanco ¢osls Amortisalion charge 276 1,799 18,943 3,402 6,073 10.492 3,164 1,621 1,166 352 1.786 243,870 14,064 4,S83 I,S44 34 1,402 7,638 13,842 3,432 4,344 10,333 3,277 2,784 175 2,181 1,385 201,680 8,113 7,S67 3,536 1,402 313,721 271,999 13. Audltorf8 remuneratlon 202S 2024 Fees payable to the Chorltable CompanV3 audltor for the audll ol the Charitable Cornpany's annual accounts Fee8 p8ysble lo the Charitable CornpanV6 auditor in respect of.. All non-audil services not included above 16,120 14,000 8,910 8,250 Pagè 36

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guarantgel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. Staff costs Charitabl8 Company 2026 Ch81it3bl8 Company 2024 Group 2025 Group 2024 Wages and 8818ri68 Social security costs Contribullon lo dofin$d conlrtbulion pension schemes 552.467 45,981 495,581 37,768 467,960 41,S94 412,203 34,998 27,639 23,892 25,411 21,549 628.087 557,241 534,96S 468,840 Th8 av8fag• numb8r ol parsons employad by the Charltable Company during the year was as follows.. Charltsbl• Company 2026 Ch8rltsbl8 Company 2024 Group 2025 No. Group 2024 No. Benevolence and welfare support Management and admlnlslrallon Museum op?rall¢n 10 10 IS 10 12 The numbei of emplDyee8 wh¢se employee ben¥ffts l$x¢ludlng employer pen8ion ¢08181 &x¢o¥d$d £60,000 was: Group 2025 No. Group 2024 No. In the band £60,001 £70,000 In the b8nd £70,001 £80,000 In the band £80,001 £90,000 The Chief ExecutlV8 Officer, Fin8nc8 Dir8Ctor. Head of Wellare and Head ol Fundraislng & Communlcallons are considered key managemenl personnel. Their lolal r¢rnuneration in the year was £281,72312024'. £2S3.6071. Page 37

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guarant991 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S 15. Trust•es' r•mun•ratlon and oxpènsts Durlng tho year. no Trustees received any remungralion or other benefils1202A- £NILI. During the year ended 31 De¢¢mber 2025. ¢xponsgs ¢olallin9 22,327 were reimbursed or paid direclty to 2 Truslees12024- £3,425 10 6 Twsteesl. These expenses were rèlmbur58d Iiavel and sub51slence cost4 Incurred In connection with the Charitable Company. 16. InlangSble a89ets Group Computor so￿are Cost At 1 January 2025 Addltlons Dlsposal$ 603,595 56,160 112,0001 At 3108c8mbèr 202S 847.7S6 Amortl8atlon Al 1 January 2025 Charge lor the year On disposals S27.424 28,247 19,0001 Al 31 Decembor 202S 546,671 Net book valu• At 31 December 2025 101,084 Al 31 Decamber 2024 76.171 Pag9 38

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARrrY IA Company Llmltsd by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 16. Intsngiblè asstrts Icontinuedl Charftable Cownpony Computer oftwar8 ¢08t Al 1 January 2025 14.018 Al 31 De¢embor 2025 14.018 Amortlsatlon At 1 Ja￿uary 2025 Charge for the year 9,813 1,402 At 31 D0￿mber 2025 11,215 Net book VAIuo Al 31 Dacemkr 2025 2,803 Al 31 D&¢emb8r 2024 4,205 Pa9É 39

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlted by Guarantèe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 17. Tangible fixed assots Group Long.temi leasehold proporty Plant and machinery Total Gost or valuation Al 1 January 2025 Additions Dl$posa16 1,260,025 1.S79.329 1,673 12,4501 2.829,354 1,673 12.460 Al 31 D&c*mber 2025 1,250,028 1,678,6S2 2.828,677 D•prèelatlon Al 1 January 2025 Charge for Ihe year On disposals 647,871 39,062 1,672,916 3,309 11,2261 2.220,786 42,371 11,226 Al 31 December 2D25 688,933 1,674,998 2,261,931 Net book valu• At 31 0ecemb&r 2025 863.092 3,SSA 566,646 At 31 Dacember 2024 602.154 6,414 608,588 Page 40

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARrrY {A Company Llmlted by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2025 7. Tanglble flxed assets Icontlnuedl Charltable Compgny Plant and machlnery Co$t or valuatlon At 1 January 2025 29A92 Al 31 December 2025 29,492 Dèpraclatlon Al 1 January 2025 Charge for the y?ar 28.825 1,799 Al 31 Doc•mb8r 2025 28.324 Nèt book valua At 31 December 2025 1,188 At 31 Decembor 2024 2,967 Long legsehold assels represenlB the rernalnlng value of thè lèasa Improvements held by Alrborn¢ Assault Limited on the Duxford premises. Page 41

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARrrY IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 18. Hèrlta9 a$sets Heritage assets represant artefaets held by The Parachute Reglmenl and Airborne Forc&$ Charity whl¢h are regimental paintings, c8ntrèpieees and thè PÈgasu5 statue situated al the Nalonal Mefflorlal Art>oretum. There were no dlspo$als or ImpaSrm&nt of hèritagt assets in the year or the previous four y8ar8. Alrboine As$8uII Limited holds a large numb6r of objects in connectlon wllh the hi810ry ol Airborne Forces and cons15t5 of Ihg Mu8eum'8 collections both on and off display. They include medals, Lmiforms. equipmnl. vehl¢l&s. an extensive archive of docum8nls and lrnagary and olhar artèfacts. The objects are consldered herllage a8s8ts under the Slalemenl of Recommendad Pr8Ctic8 tenn¥ a3 they are tangible assets of hi61oric or artistlc Importsnco,. ¢onsequenlly, no value is placed on elthgr th9 asset orlhe (JonalSon lor accounting purposes. Ther8 are four maln èlèmènts to IhÈ ¢ollecllon'. the dlsplay In Duxlord. the physlcal ar¢hlve al Duxford, the d￿lt81 archive PARAData, and the ra8¢￿& ¢olle¢lion held separately al Bassingbourn. The public are ablè Ic 8cce$s the rnuseum in Duxford when the site Is opèn during the weèk. thè archive by appolnlrn@nt and can view PARAData onllne. Heritage asset5 from the reserve collacllon can be reldevgd by museum staff for prearranoad viewing al Duxlor<l. Tho ChaiSty does not acllvely seek new Items for th& museum bul does regularly receive items, both don8t8d and on loan, frorn both servlng members of the Para¢hulo Re9imenl 8nd those who have prevlou51y served In Alrborne For¢e8 or their lamilie5. The charity utllSsos dlgltal and physical r¢¢ordin9 for each asset and has an approved Colle¢tiong Policy 8nd Plan lo The Coll&cllons Trust SPECTRUM 5.1 guldelines and the museums, disposal poh'cy. The trustees reserv? Ihg iighl 10 Sell an individual object but only after c8refvl conslderallon and extenslve efforts to ratum to thè tsri9lrtal donor or relocated to other Inslituljons. The 8nlirg colloction would never be oflered lor Sale. As Iha majority tsf artefacts were accrued In th6 1950$ and 1960B, upon the Inlllal establishment ol the orS9inal musèum in Alder3hol, and they would never be 601d ond for thls reason, the value 18 not Induded in the accounts. For Insurance purposes, the truste65 have und6rtaken a valuation of the collecNon whlch IndlcBted 8 potenlial value of £3,245,370. Mowever, as the Charity would bè unable to dispose of the collection by selling the items Ihi5 is considered only lo be relevant lo allowlng the Charity to rèbulld the collection il destroyed and In many cases rt would not be able lo replace the items as they are unlque. Page 42

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmltad by Guarantèe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Group and Charftable Company As$tts r•¢ogni$¢d at ¢o$t Herftage assets 2025 C8irylng valuB at 1 Jènuary 202S 391.414 391,414 Analyil$ tsf horltago as8•t tran$a¢tlon$ Group and Charltabjg Company 2020 2024 2023 2022 2021 No. of11oms donalad Value ol donallon 1£ 39 5,034 35 2,530 258 4,777 74 6,025 S7 2,376 A5 a summary, thè totél ￿lue ol obleds recolv6d Inl¢ tho ¢oll•¢tlon In thè past S yegrs Ss valuad al £20,742. None of Ihg abov8 Items havè b86n recognlsed in the charlly accounts in line with the a¢¢ounllng pollcy. 19. Flxed asBet InvoBtmonts Ll$t•d In￿StMents Group Cost or valvation Al 1 January 2025 Revaluations 13.041.142 1624.2631 Al 31 December 202S 12,416,889 Net book value At 31 Oeeember 2025 11416.889 At 31 Decembèr 2024 13,041,142 Page 43

THE PARACHUTE REGIMENT AND AIR80RNE FORCES CHARITY IA Company Limited by Guarantoel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 19. Flx•d assat Invostm•nts leontinuodl Investments in $ubsldiary Listed compan1•$ Inv•$lmonts Tot•1 Charitable Company Co•t or valuatlon At l January 2025 R8vBlu8lion¥ 13,041,142 13.041,146 1824,2531 1624.2631 At 310ec&mb8r 2025 12,416,889 12.416,892 Net bgok valug At 31 Oecember 2025 12,416,889 12,416,892 At 31 Oecemb8r 2024 13,041,142 13,041,145 Prln¢lpal 8ubJldlarle• The followlng were dlrecl $ub$kllary undertaklng$ of Ihg Charltable Company.. Names Company number Charlty Règistered olllce or prIncI￿1 reglBtratlon placa ol buslne88 number PARAS'10 Lirnited 08388199 Regimental Headquarters, Merville Barracks, Colcheslèr, C02 7UT T¢rrance House, Units 14 Denman SlrÈÉt EAgt, Nattlngham, NG7 3GX Regimental Headquarters, Merville Barracks, Colchesler, C02 7UT ABP R8tail Llmited 06009028 Alrbornè Assault Limited 06743823 1126776 Page 44

THE PARACHUTE REGIMENTAND AIRBORNE FORCES CHARITY IA Company Limitgd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S 19. Flxed asset Inve¥tments Icontinuodl Prfn¢lpal a¢tlvlty Class of share8 Holdlng Includ&d in consolldation ComTllgr¢ial events Ordinary 100°A Yes Retai5 and online 3hop Ordinary 100% Yes Mus6urn running LimSled by guaranla -'A Yo$ The flnanclal resutts of thè sub$idi8rle$ for th& year wera.. Nam88 Income Exp•ndltu ProflVIDgtI¢ It) for th¢ year Net assets PARAS'I0 LlmSted ABP Retail Limited Alrborno A88aull Limlled 59,974 302,S02 144,451 138.3141 1275.5181 1208,6321 21,660 26,984 164,1811 66,312 764,897 Thg fol￿¥￿n9 was an Indlrect subsidiary undertaklng of the ChAritgble Company-. Airborne Assault TradlnG Llrniled Company numbef.. 06743518 Regl¥tfj￿d officè.. Regirn8nlal Headquarters, Merville Barracks, ¢lr¢ular Road South. Llnllad Klngdom. C02 7UT The company was dormant in both thè currènt and prioryear and has net Ilabilltl8s of £3S812024'. £3581. 20. Stocks Charltable Company 202S Ch8rit8ble Company 2024 Group 2025 Group 2024 Flnlshad goods and goods for resale 98,944 73,633 11,548 Page 45

THE PARACHUTE REGIMENT AND AIRBORNE FORCES ¢PFAR￿y IA Company Limited by Guardntoel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 21. Dobto Charitab18 Company 2025 Challlabl8 Company 2024 Group 2025 Group 2024 Due wlthln on• yaar Trode debtor8 Amounts owed by group undertakSngs other debtors Prèpsymenls and accrued Income 2.815 2,661 2,248 63,365 151,336 18,771 1,860 80.991 138,409 80,118 168.189 33.284 141,419 38,255 194.288 180,335 236,720 301,378 Amounts owed by group undèrtaklngs are Intsresl frte and repayable on demand. 22. ¢rodltor•,' Amounts f•lllnB du• wlthln one year Ch4rlt4blo Charitable Gompany Cornpany 2025 2024 Group 2026 Group 2024 Trade ¢rediiors Amounts owed lo group undertaklng$ Other taxatlon and soclal $o¢urlly Oth&r ￿edItOrS Attrual8 and delerred income 88,903 5S,623 38,570 33,615 58,517 13,093 9,434 58.915 20.631 9.844 90.197 20,121 10.882 120.028 12,877 8,117 39.080 179.47S 206.654 98,644 171,574 Arnounls owed to group undertakings are interest free and r8pay8bl8 tsn dèmand. Pagè 46

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 23. Flnanclal Instruments Charllable Company 2025 Ch8rit8bl8 Company 2024 Group 2025 Group 2024 F5nan¢ial a$$ots Financial assets measured al fair value through Income and expenditure Financial assets rn88sured a18mortised ¢051 IhrouGh ineomtr anil expenditur8 12.416.889 13,041.142 12,416,892 13.041,14S 1,118.894 1,264,766 982,096 1,C$52.860 13,535.783 14,305,907 13,398.988 14,094.005 Charltabl8 Company 2025 Charilablo Cornpany 2024 Group 2026 Group 2024 Flnan¢l•l Ilabllltl•s Flnanclal118blli118s m&asured al amortlsed ¢osl through income and expendilur& 168,944 180,533 86,767 158,481 Flnanclal as6els measured al fair value through Income and expenditure cornprlse of flxed 8$s81 investments. Flnancial ass¢l$ meo$ur¢d al arn￿1$ed cost ¢ompri88 ol trade d&blor8, other dablors And cash al bank and hand. Financial liabllilles measured al amortS8¢d oost comprise of trade credllors, othor ¢redilors gnd accruals and delerrgd income. Page 47

THE PARACHUTE REGIMENT AND AIRBORNE FORCES ¢HARrrY IA Company Limited by Guarantèe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ststemont of funds stst•m•nt of funde - current year Balance at 31 Gain81 December ILo8se$l 2025 Balance at I January 202S Income Exp•ndltur• Trans19rs OeJignat•d nd$ Htri18ge assets Alrborne Assault Ltd grant$ Other deslgnated funds Crudglnglon Appeal 2040 Fund Paraoata Phase 391,414 391A14 58,580 154.118 212,698 11,640 11.640 29,043 1,126,473 29,043 1.071.59Y 163,8741 53,459 120.5111 32.948 Other designated fund8 IAALI 29.865 4,000 33,565 1,699.164 4.000 120,5111 154,118 153,8741 1.7B2,897 P8gè 48

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARrrY IA Comparty Llmlt•d by Guarant•al NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 24. Staternent of lunds Icontlnuedl Balance at 31 Galnsl Doc•mbor ILossesl 2025 Balanet at 1 January 2025 Income Expgnditur• Tran$f•rs General fund$ Gènèral fund ABP Retail Limlted 9gneral fund PARAS'10 Limit¢d g¢nor81 fund Airborn¢ Assault Llmilèd general fund Alrborno Assaull Trading Limited general fund ID,480,029 947,730 1703,0611 1205,707) 1469,0091 10,049,942 6S,310 302,179 1276.S181 127,020) S4,961 69,974 138,3141 119,9711 1,689 42.128 $6,417 1113,4771 88,880 43.648 13681 13681 10,677,109 1,366.300 11,130.3601 1194,1181 1469,0591 10,149.872 T¢tsl Unr•strlctsd fund8 11278,273 1,370.300 11,160,871) 140,0001 1622,9331 11.932,769 Page 49

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guarantk&l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Stat•mgnt of funds Icontbnu•dl Balance at 31 G&lnsl Decgmb8r IL0s8•61 2025 Balance at 1 January 2025 Income Expenditure Tran8f•rs Restrlcted fundB Opeiallon?I Support lund Pegasus Journal Benevolence and Welfare Afghanlstan TruBI Othar rg$lrlotgd funds Alrborne Assault Nomiandy Trust Brey8 fund Francls Fund Lynaghan Fund Dindayal Regimental Day Afghan book reprint Parachute Regiment and Airborne Forcgs Museum Trust Paradata Phase 8,081 1,232 8,081 4,796 16.0271 330,061 106,246 1222.3661 213,941 1.898,712 S8,088 1199.8S41 196,0311 1.660,916 19,663 19,563 30.122 17,486 39,762 4.020 30.122 17A86 3.200 4,66S 137.6731 18,2981 15.2891 390 10.001 iio,ooii 12.000 12,000 631.624 139,0631 S92.S61 28,048 18,S061 40,000 59,64Z Ogilby Trust grant Coll8clion iedisplay fund 28,484 128,4541 310 310 3,OD9,021 224,449 1557,2391 40,000 1101,3201 2.614.911 Total of funds 15,285,294 1.594,749 11,708,110) 1624,253} 14,547,680 Page 50

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 24. Ststement of lund8 Icontinu8dl stst9mont of lund8 - prlor year Balonoe al 31 December 2024 88lanc8 81 1 January 2024 Gainsl ILos8881 Incorne Expendllure Transfers Oeslgnatsd lund8 H¥rllage 09sets Airbome As¥aull Ltd grants Other deslgnaled funds Crudginglon Appe81 2040 Fund ParaDala Phase 391.414 391,414 118.012 IS7,4321 58,580 11,940 13001 11,840 28,148 1,102,089 2.785 11,8901 29,043 1,125.473 23,384 66.264 112,8051 53.459 Othar designated lund8 IAALI 31,694 {2,1391 29,SSS 1.747,S81 2,785 117,1341 157,4321 23,384 1,699,164 Page 51

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmltèd by Guarantè&l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Statement of funds l¢ontlnu•dl Balance al 31 Decembar 2024 Balèneè at 1 January 2024 Galnsl (Losses) Income Expendllure Transfer8 Generdl fund8 General fund ABP Retail Lirnlted general fund PARAS'10 Llrniled general fund Airbome Assault Llrnlled general fund Alrborne A8sault Tradlng Limitèd general fund 9,766.976 1,254.651 1809.7191 64,526 203.58S 10,480,029 54,950 396.723 1357.1571 139,206 55.310 46.049 120,7291 125,3201 40,490 63.392 1119,1881 57,432 42.128 13S81 13581 9,862,058 1.760,815 11,306,791) 57,432 203.598 10,577.109 Total Unrèstrl¢tsd lund8 11,609,619 1,783,eoo 11,323,925) 226,979 12,276,273 Page 52

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARrrY IA Company Llmlted by Guarantèe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2026 Statèment of funds Icontinuedl Balance al 31 Decemb&r 2024 8BIAneé at 1 January 2024 Gainsl (Losses) Income Exper￿llUre Tr8nsl•fs Re8trlcted funds Op6r81ional support fund Pega$u$ Journgl Benevolon¢* and Welfar• Afghanlslan Trust Othèr re8lrl¢ted funds Alrbome A858uII Normandy Trust 8reya fund Fran¢is Fund Lynagh8n Fund Parachute Regiment and Alrborne Force$ Museum Trust Parada13 Phase 8,081 sso 8,081 1,232 7,997 17,3151 227.958 102,103 330,061 2,072.483 e1.524 1279,8131 44,318 1,898,712 19.s63 19,5S3 30.12Z 17,486 112.100 30,122 17,486 39,762 4.D20 4.377 40,982 179,1561 136,9621 2,441 670,687 139,Cf3} 631.824 36,271 18,2231 28,048 Ogilby Trust grant Collection redisplay fund 537 18,456 118.9931 310 310 3,1￿,148 23S,439 1469.3251 48,759 3,OD9,021 TotAI of funds 14,805.767 1,999,039 11,793,250) 273,738 15,285,294 Pay¢ 53

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limitsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEGEM8ER 2025 8tstement of fund8 l¢ontlnuedl Unrestrfcted funds The chanty's general fundB consist of funds which the truste85 ar& frea lo usa in accord8nco with thè charllable oblEcIs. 0gsignat•d funds Thè ¢haritY8 de$ignAl8d fund8 conslst of funds which the liuslees have designated lor a specific purpose os slated in Ihe accounts. Tha Alrborng A$$aull fund dgslgnallon relates lo the three year funding agreement and will be expended by 2025. The ParaData phase11 fund mlatas to funds hald for èxp8cl8d futurè c081$ and will be expended within the next three lo five years. R•stA¢t•d fund$ Pegasu5 Journ81 th8 lund rgpres8nls the surplu8 or deflcS1 on ihe publScallon of The Parachute Regiment's Journal ¢onsi$ling ol one edition per annum. Any surplus 13 held to fund future Issues wh1181 dgfl¢ll$ arg ¢ovord by 8ppllcallon of ggnoral funds. Please refei lo note 30 for future changes t¢ thè P•gasus Journal. Banèvolèneè and Wellar• - In Iln$ vllh AGAI guidan¢e, an tlemènl ol lh6 Day's PAY Schtme Is to be with6ld for benevolentknelfaro purposes. Afghani3tan Trust- In 2015 the charlly recelv8d the entire funds of The P8rachute Reglment Alghon Trust. The fund Is lo be expended In lintt with the objects Of Ihe origlnal charlly whlch was lo support those from The P8rachute Regiment who had been deploya¢J lo Afghanl8lan durlng Ihg ¢onfiicl. Thè Trust also expandod the r8mil lo those who had b88n killèd or injur8d sincè Sapl8mb81 2001 in Afghanlslan and Iraq lo ensure Ihal the lund can support Parachute Regiment personnel deployed. Operallonal Support fund- Ihls fund is to be used towards C0515 01 supportlng famllbes of rnember ol The Parachute Regiment who are on active service. Other- these are funds with minN balan¢e8 which should be expended within the next tr4elve monlhs. The prlncipal restricted fund Iransferr•d from tha Airborna Assault Ltd rèlatès to ihè assèts and liabiltti85 ol The Parachute Regiment and Airborne Forces Museum Trust, whlch are classlfied as a rastrlcted fund und8r IhÈ 8malgamalion of th8 charitie3. Airborne Assault Ltd held three other reslricled funds for ParaDala Phase11 Devel¢pmenl, Redlsplay of the museum collection and Ogilby. The Parachute Regiment and Aiibome Forces Museum Trust, more commonly referred lo as PRAFMT, 1$ a linked charity of Alrborne Assault LimSled {AALI. The PRAFMT is the vehicle that existed prior to the cieion ol AAL and was th9 oiganisalion that oversaw Ihg rnove frorn Aldershol lo IWM Duxford. The PRAFMT owns a number of the mussum's ass&ts, induding tha long-term 188SÈ, th8 musaum's inlern81 fixtures and fitting and artefacts. All such assels are held In a resliicted fund wlthln AAL. As Ilnk&d charilies Ihg AAL and the PRAFMT ar8 Irgalgd aB one organisalion. Alrbome Assaurt Normandy Trust - In 201e the charlly r¢¢elv¢d the entire fvnds of Alrborne Assault N¢rrnandy Trusl. The fund is to be expended in line with the objects ol the original charity which wag the permanent preseNalion of the Normandy site for the education and benefit of the nation and the armed forc6s oftha UK. Paye 54

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S 24. Ststement offunds lcontinuedl 8r8ya Fund a designated fund was astablished to consolidate donallons and ensure the most ￿5¢ and lax-efficlenl channel lo asslsl in funding provision of overseas medical Ire8lrnenl for the daughter ol 8 regimental NCO suffering from neuroblaslorna cancer. The famill8 ne¢d$ arising from the chlld's UK Ir$almenl h8ve also been support&d from Trustees, unre$lriel&d funds. Francis Fund- this lund relates antirely to a legacy rgceivod in 2Q20 and these fvnd8 sttall be ulbllsed for the benefit ol wives and orphans in distress ol deceased ex-Airborn8 soldlers and Aliboine disabled 801diers. Transfers be￿een funds Durfng the year, varlous fund transfers have bgen processed as the trustees believe them necessary to g1￿ g more a¢¢urale poslllon al th8 Y￿ar and. All Iransl8rs ara standard consolidation transactions rgqulred to correct tha group posEtlon at the yo8r and. 25. Summary of funds Summary of fund8- eurrent y•ar Balanc• at 31 Ga5nsl Decembpr ILo$$¢•l Bolan¢o at 1 January 202S Incom? Expendlture TTan•f•r• 2025 Oesignaltd fvnds General fund6 Reslrlcted funds 1,699,184 10,577,109 3,009.021 4,000 120.6111 164,118 163,8741 1,782,897 1,366.300 11,130,360) 1194,1181 1469,0591 10.149,872 224A49 1557.2391 40,000 1101,3201 2.614,911 16.285.294 1.594.749 11,708,110) 1824,2531 14,847,880 Summary offunds- priorygar BBlance at 31 D&cgmber 2024 Balance al 1 January 2024 Transfers inlout Galnsl (Losses) Income Expenditure Oeslgnated funds General funds Reslricled funds 1,747,561 9,862,058 3,196,148 2,785 1,760,815 235,439 117.1341 {1,306,7911 1469,3251 157,4321 57,432 23,384 1.699,164 203,595 10,577,109 4fj,759 3,009,021 14,805,767 1,999,039 11,793,250) 273,738 15,285,294 Pagg 55

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEGEMBER 202S 26. Analysls of net a88et¥ belween fund8 Analysls of net assets betsveen funds w current yoar Unrestrlotad R￿trI¢lad funds funds 2025 2025 Total funds 2025 Tangible fixed assèts Inl8ngible fixed assets Fixed asset investments Herilage assets Current assets Creditors due wilhin one ￿£T 2,393 101,084 10.827,148 391,414 776,603 1165,8731 564,253 666,646 101,084 1,589,741 12,416,B89 391,414 474,519 1.251,122 113,6021 1179,4751 Total 11.932,789 2,614,911 14,547,680 Anaty$l$ of nat ai$•ts beTr￿1N funds- prlor yèar Unrestricted funds 2024 RèBlricled fund$ 2024 Total funds 2024 Tangible flxod 8ssels Intangible fixed a$sels Flxed asset inveslmenls Herllage assets Current assets Creditors due within one year 6,414 78,171 11.167,829 391,414 833,799 1199,3541 602,154 608,568 76,171 1.873,313 13.041.142 391,414 540,854 1,374,653 17,3001 12Q6.6541 Total 12,276,273 3,009,021 15,285,294 Pagè 56

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlt•d by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2026 27. Reconclllatlon of net wnoyement In funds to net cash flow from ¢poratlng actlvltles Group 2025 Group 2024 Nel lexpendltuieylncom• lor thé year las par Slal8menl of Flnancial 1737,6141 479,527 Adlu8tmgnts for.. Depreciation charges Amortlsallon ¢harges Loss on dispo$81 ol fixed assets Lossesllgainsl on inveslments Dlvldgnds r8c8lv8d Interèst recelvèd Increase In stock$ Iln¢r8a$elldeLYeasè In debloT8 IDe¢r&a$allln¢re¥$e In crèdttors 42,370 28,247 4,013 624,253 (273,7371 1374,2241 1378.6211 129,307 (35,5211 125,3111 11,4831 113,9531 3,901 127,1781 3S,417 48,914 14,208 Nqt ci*h uled In tsptratlng a¢tlvltl¢• 1508,7041 1107,397 28. Analy•l$ ol c•8h and cash gqulval•ntS Group 2025 Group 2024 Cash In hand Nollce dep08its Ile88 than 3 months) 677,094 380,796 807,091 513,594 Total cash and cash equivol&nt8 957,890 1,120,685 PagÉ 57

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 29. Analysls of ehange$ in net debt Atl January 2025 Cash flows At31 Dec8mb8r 2025 Cash al bank and in hand 1,120,685 1162,7951 957,890 1,120.685 1162,7951 957.690 30. P•ga$u$ Journal The co81 of producing and (Jislribuling th& lournal is funded from a number of Sour￿$. Thg Sn¢ome r¥ceived and its application byth8 charily is sat out bolow.. 202S 2024 Subscrlptlon$ Advertlslng income Inloresl r8cèived 4AOO 4,679 2,$43 7S6 396 L8s8 annual wnning costs 16,0271 17,1291 Surplus ft>r the ygar 11,2321 849 Annual iunning co$ts arg 8$ follows.. 202S 2024 Publicallon costs Insuian¢o 88d debt expense 3,521 906 1.600 6,229 900 8,027 7.129 Page 58

THE PARACHUTE REGIMENT AND AIRBORNE FORCES CHARITY IA Company Llmlt*d by Guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 31. Penslon commltments The group operaley a conlrfbulion penslon 5cherne. The assets of the scheme are held separately from those of the group in an independ8n1￿ administ&i6d lund. Thè p6nsion cost charge represents ¢ontributions payable by Ihe group to th8 fund and amounled lo £27,63912024 . £23,892). £1,703 {2024.' £1.3501 was payable to the fund al the balance sheet dale and is included in cr8dllors. 32. Rèlated party eommltm•nts Prior lo 31 0?cember 202S, PRAFC, th& paienl. h98 a9re¢d lo piovldè gr8nt funding to AAL, the subsidI8ry, for a pèriod ttf 3 ￿ar$. Th8 tolxl fvnding payabl8 In that period is £212.698, with £69,500 faling wlthln the 12 months following the balance sheet date. 33. Oporatlng I•A$O ¢ommltm¢nts The Group and the Charitable Company had no commilm6nls under non.can¢ellable op8raling188$8s 81 31 December 2025. 34. R•l8tod PAty trAn•aetlon8 The Charitable Company has taken advantage ol exemption, under Ihe terms af FRS 102 'The FinancSal Reportbng Standard applicable in the UK and Repub1I¢ ol Ireland,. not lo disclose related party transactlons wlth11s subsidiary undertaklngs, as they are wholly owned subsidlarles. Duwlng th8 year there were no related party Iran3aclions olher than the Trusleg8' gxpense8 dlsclosed in Note 15 8bove. 35. Controlllng party The Charileble Company Is control￿d by the Tru$lae$. Page 59