REGisfERED COMPANY NUIIBEK. 07835310 (E*Dd and Wales)
AEGisfERED CHARrrY NUMBEIL. 114S778
UKARMED FORCES POLOASSOCIATIOh
REPORT OF THE TRusfEES AND
UNAUDrrED FINANCIAL sfATEMENTS
FOR THE YEAR EIIDED 31 ocfoBER 2024

UK ARMED FORCES POLO ASSOCIATION
CONTENTS OF THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 O￿OBER 2024
Page
Ito4
Report of the Trustees
Independent Examlner's Report
Statement of Flnanclal Actlvltles
Balance Sheet
Notes to the Flnanclal 5L1tements
8tolO

UK ARMED FORCES POLO ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 ocfoBER 2024
The trustees who are also directors of the charlty for the purpose5 of the Companies Act 2006, present their report
with the financial statements of the charity for the year ended 31 Ortober 2024. The trustees have adopted the
provlslons of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities
preparing thelr accounts in accordance w'ith the Financial Reporting Standard applicable in the UK and Republic of
Ireland CFRS 102] {effective l January 2019).
OBIECTIVES AND ACTIVITIES
OblectAves and alms
To promote the effidency of Her Majesty's Armed Forces (the "Arnied Forces'j by Sncreaslng physical fitness,
fostering the esprit de corps and ralslng morale of member5 of the Arnied Forces. in particular tbut not by way of
imitation) through facilitating and encouraglng participatlon by members of the Arnied Forces in polo and
providin& facilitating or assisting in the provlslon of polo for the Arnied Forces.
ACHIEVEMENT AND PERFORMANCE
Charitable artivlties
The military pulo cummunlty was very grateful for the grantmade to it by the HPA Polo Char5ty last year, The
grant was split equally between the Indivldual Service Polo Associations and the UK Arn)ed Forces Polo
Association (UKAFPA). Financing Service polo relies firstly on significant individual contributions. However. all 3
Services and the UKAFPA seek to subsidise individual training and playing costs as much as they aTe able. Income
to facilitate this come5 from a number of sources including the valuable and greatly appredated 8rant from the
HPA In additlon. the Servlces may apply to their individual Sport5 boards but monies from these sources come
under Increasing pressure and can never be taken for granted. Spon50r5hip, as always, is continually sought but
proves Lo be difficult to secure.
The Services were delighted that the 2024 season was a success. There was an incoming touring team from the US
Mllltary whlch competed in a 3 match series for the Chapple Cup. A full programme of military tournaments took
place and the hlghllght of the Servlces season Rundle Cup day was an excellent Ixcasion. Once again this season the
weather and pony availability were as much of a constraint as anything. Service players directly benefited from the
grant monies in the forn] of subsidised training events, practice chukkas and tournament and match play.
The Royal Navy undertook indlvidual and group trainlng malnly atTedworth Park Polo Club (TPPC) uslng HPA
Charity money to support new and developing Rl• players. The RN entered military tournaments including the
Adjutant Generals Cup and the Royal Artillery Cup. The RN team was delighted to run out as victor5 against the
Army in thls year's Rundle Cup and it was a wonderful day for Services polo in front of more than 5000 spectators.
On the same day an UKAFPA team played against the visiting US military team for the Indian Cavalry Officers
Association (ICOA) Trophy. This day is the biggest in the Services calendar and it was wonderful to see it so well
attended.
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UK ARMED FORCES POLO ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
The Army also sUPPOrted individual and group coaching a5 well as practice chukkas and a programme of matche5
and tournaments. Difficulties that needed to be overcome included pony availabS1ity and the significant cost of hlre.
increased military deployments and of course the weather. However, a successful season wa5 had and several
players represented the UKAFPA team over the summer. The Amy a150 Secured a sponsorship arrangement with
Hook Polo this year,
The Royal Alr Force has had a busy season and the bulk of the HPA grant was used to 5UPPOrt training
programmes for developing player5. They played 20 fixtures overall and four RAF player5 represented UKAFPA on
a number of occasions.
UKAFPA had a busy and enjoyable season in 2024. The high15ght was the vlsit of a touring team from the US
Military to compete in a 3 match series for the Chapple Cup. The first match was for the Malta Cup,and took place
at Druids Lodge Polo Club on the splendid Stonehenge Ground where UKAFPA rdn out the winners. The second
match was for the Indian Cavalry Officers Assoclation Trophy played at TPPC on Rundle Cup day an occasion
enjoyed by all with UKAFPA again being victorious. The third game took place at Guards Polo Club alongslde the
final of the Enter Regimental and the US team had a well deserved victory in the United Service5 Cup. The relat5vely
new fixture against Cirencester Park Polo Club again went ahead. Whilst successful the season has been
partlcularly expenslve with mounting the US team (hire and transport of ponies) a sSgnifiLant single c05t. every
one knows COSt5 of polo have markedly Increased over a short period of time.
The SeTvlce5 use of rhelr share of the HPA grant has the addltlonal benefjt of 5UPPOrting Service polo clubs (TPPC,
RAF Cranwell aDd Royal Military Academy Sandhurst). The Services in a typlcal year have between 2 and 3
hundred member5 many being introduced to polo for the first time and therefore represent a rich Source of new
polo players In thls country. Tradltlonal sources of funds for military polo are already much reduced and this is
likely to continue for the foreseeable future, AFPA Is central to this remains a source of fundlng for the Arnied
Forces.
Investment perforniance
Durlng the year the Associatlon wlthdrew £15,838 from fits Investments managed by BlackRock but even after this
wlthdrawl the market value of the Ass(Kiation's Investments Increased by £5,946 over the financial year (2022:
£2,570 decrease).
FINANCIAL REVIEW
Reserves pollcy
In accordance with guidellnes issued by the Charlty Commls%lon. the Trustees have adopted a poliry regarding
reserves whlch should ensure there are adequate funds to ensure the Association Is able to meet all current and
known future liabilities.
At 31 October 2024 the Association had reserves totalling E299.698 (2023: £297,120) all of which were
unrestricted.
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UK AKIIED FORCTr3 POLO ASSOCIATION
REPORT OF THE TRusfEES
FOR THE YFAR ENDED 31 ocfoBER 2024
srRUcfU￿ COVERNANCE AND MAP4AGEMEKr
The Assodation was incorpnted on 4 November 2011 under tts Memordndum and Artldes ofAssociatson as
amended bv spedal resolutions dated 24 lanuary 2012 and 29 lune 2018. which e5t3bllsh the objects and powers
of the charttsble company. The knoriatlon is a company Ilmited by guarantee. and In the event of the company
belng wound up. member5 woukl be required to contrlbute an amount not exceedlng £10 each towards any debts
and liablllties of the company.
REFERENCE AND ADMINisfRATIVE DEfAIIS
ReOster¢d Company number
07835310 (En￿ and Wales)
Rrylstered Charlty number
1145778
Rrystered offlce
CarTiers Crosslng
Stratford Sub Casde
Salisbury
SP4 6AE
R T Bro￿ [resigned 16 December 2024)
Brigadler N D Cowlry (resigned 16 December 2024)
Major W H Mawby (ap￿inted 16 December 2024}
Group Captain E P Iyhitethurth {aP￿inted 16 December 2024)
Group Captskn E P Whitechurth

UK ARMED FORCES POLO ASSOCIATION
Independent examlner's report to the trustees of UK Arnied Forces Polo Assodatlon ('the Company
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October
2024.
ResponslbilÉtie5 and basis of report
As the Lharity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companles Act 2006
('the 2006 Act.).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts
as carried out under Sectlon 145 uf the Charltles Act 2011 ('the 2011 Art.), In carying out my examination I have
followed the Dirertions given by the Charity Commission under Section 145(5) tb) of the 2011 ACL
Independent examlner's statement
I have completed my examination. I conflrm that no matters have come to my attention in connection with the
examlnatlon giving me cause to belleve:
l. account?ng records were not kept in respect olthe Company as required by Section 386 of the 2006 Act: or
2. the accounts do not accord with those records,. or
3. the account5 do not comply with the accounting requirements of Section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair view which Is not a matter considered as part of an independent
examlnation; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice foraccounting and reporting by charities (applicable to charities preparing their accounts
In accordance with the Finandal Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102]).
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report In order to enable a proper understanding of the accounts to be reached.
tephen Dickens FCA, ICAEW
2025
Iq

UK ARMED FORCES POLO ASSOCIATION
STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 ocfoBER 2024
31.10.24
31.10.23
Notes
INCOMEANDENDOWMENTS
Donations
Investment Income
Total
25,800
202
26,002
31,500
264
31,764
EXPENDITURE
Charltable actlvltles
Grant5 glven out
Sponsored event expenses
Tour expenses
Support costs
GuvernanLe costs
Total
29,124
19,148
(4.191)
415
720
45,216
29,760
5.598
8,50LI
600
44.458
Net galns/Oosses] on investments
21,785
(2,570]
Taxatlon
NEf INCOME/(EXPENDITURE)
2,578
(15,264)
RECONCILIATION OF FUNDS
Total fund5 brought forward
TOTAL FUNDS CARRIED FORWARD
297,120
299.698
312,384
297,12
All funds are unrestrlrted,
The note5 foTm part of these financial statements
paee 6

UK ARMED FOR￿ POIA) ASSOCIATIOP4
8AIANCE SHErr 31 ocfoBER 2024
31.1&24
31.10.23
Notes
Property ind cups
Debtors
Investments
Cash at bank
51.500
20.000
206.788
22,070
300.358
51500
20.000
200.842
25.385
297.727
Amounts lallin8 due wtthln one year
607
Z99.698
Z97,120
TOTAL A&SEfs LLSS CURREPn LIABiufiES
299.698
297,IZ
299,698
297.IZ
iinrestrirted funds
AL FUNDS
299.698
299,698
297,120
297.120
io
The charltable company is entitled to eXem￿on from audlt under Sertlon 477 olthe Companles Art 2006 for the
year ended 31 Octthr 2024.
The members have not requlred the company to obialn an audft of Its Ilnanciaj statements for the year ended 31
OLtober 2024 ID accordaKe with SeLtion 476 ofthe Companies Art 200&
The trustees acknowled8e thelr responsibilities for
(a} ensuring that the charltalAe cornpany kws ac￿un￿Dg recI￿d$ that comply with Sertlons 386 and 387 of the
Companles Art 2006 and
(b) preparing finanLial statements whkh glve a true and falr vlew of the state of affalts of the tharitsb]e company
as at the end of each finandal year and of its surp1￿% or deficlt for &ich financial year in accordance with the
requlrements ofsectlons 394 aThl 395 and which rtherwise comply with the requlremerts of the Companles Art
2006 relatlD8 to filland￿ srateft*tsty so far as appll(able to the dwftknle company.
These flnancial statements have been prepared In acconlance wlth the prov1$￿ applfjcable to tharftable
companie5 sublect to the Small companies regim
The financial ststeTnents were approved by the Board ofTruststs and author￿ for tssue on
slgned on its beI￿lf br.
and were
Group Capfaln E P Whltechurch
The Dotes forni part ofthtte (Inandal statements

UK ARMED FORCES POLO ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
I. ACCOUNTING POLICIE5
Basls of preparlng the flnancial statements
The fjnancial statements of the charitable Lompany. whlch Is a public benefit entity under FRS 102. have been
prepared in accordance with the Charifies SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting
Standard appllcable In the UK and Republic of Ireland (FRS 102) (effertive I lanuary 2019),, F5nancial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland, and the Companies
Art 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charlty has entitlement to the funds. it is
probable that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are recognlsed as expenditure as soon as there Is a legal or constructive obligation committing the
charity to that expenditure. it 15 probable that a transfer of economlc benefits will be required in settlement and
the amount of the obligation can be measured rellably. Expenditure Is accounted for on an accrua15 basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be dlrertly
attributed to partlcular headln8S they have been allocated to activities on a ba$15 consistent w*th the use of
resources.
Grants offered subjert to conditions whSch have not been met at the year end date are noted as a commitment but
not accrued as expenditure.
Property Includln8 CUPS
Included in current assets are tan￿ble assets ol the association induding cups and trophies held at valuatlon and
assessed for impairnient each year.
Investments
Investments are valued at market value at the balance sheet date with any differences in valuation beSng recorded
in the Statement of Financial Activities.
Taxatlon
The charity is exempt from corporation tax on Its charftsble artlvltles.
Fund accounting
Unrestricted funds can be used fin accordance wSth the charitable objectives at the discretion of the trusrees.
Market valuatlon adlustments to Investments are disclosed as a separate element of unrestricted fund5.
Resrrlcted funds can only be used for particular re5tritted purposes withln the objects of the charlty. Restrlctlons
arise when specified by the donor or when funds are ralsed for particular restricted purposes.
Further explanation of the nature and purpose of each fund Is included in the notes to the financial statements.
page 8

UK ARMED FORCES POLO ASSOCIATION
NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 ocfoBER 2024
2. INVESTMENT INCOME
31.10.24
31.10.23
Bank Interest recelved
202
264
3. EXPENDITURE ON CHAIUTABLE ACTIVITIES
Goverance costs
31.10.24
31.10.23
Accountancy and Independent Examlnation
720
600
4.AVERAGENUMBER OF EMPLOYEES
Average numbers ofemployees during the year was nil (2023: nilj.
S. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees. remuneration or other benefits for the year ended 31 ottober 2024 nor for the year ended
31 October 2023,
There were no tru5tee5' expenses paid for the year ended 310ctober 2024 nor for the year ended 3 1 Ortober
2023.
6. PROPERTY INCL CUPS
31.10.24
31.10.23
Property including cups
51,500
51,500
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24
31.10.23
Amounts due in respect of
Polo 150 and ￿'n8 of Game5
20.000
20.000
. CURRENT ASSET INVESTMENTS
31.10.24
31.10.23
Investments
206.788
20Q.842
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24
31.10.23
Taxatlon
Accruals
660
660
600
607
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UK ARMED FORCES POLO ASSOCIATION
NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
10. MOVEMENT IN FUNDS
All funds are unrestricted.
Net
movement
in fund5
Transfers
between
funds
At
01.11.23
At
31,10.24
General fund
Unrealised Investment GaInS/￿$Se$
TOTAL FUNDS
207,624
89,496
297,12Q
2.578
(21,785)
21,785
188,417
111,281
299,698
2.578
Net movement In funds as above are comprised as follows;
Investment
Gains/
(Losses)
Incoming
resources
Resources
expended
Movement
in funds
General fund
TOTAL FUNDS
26.002
26.002
45,209
45,209
21,785
21,785
2,578
2,578
Comparatives for movement in funds
Net
movement
In funds
TransfeTS
between
fund5
At
01.11.22
At
31.10,23
General fund
Unreali5ed Investment Gains/Losses
TOTAL FUNDS
220.318
92.066
312,384
(15,264)
2,570
2,57U
207,624
89.496
297.120
IS.264)
Net movement in funds as above are comprlsed as follows;
Investment
Gain5/
(Losses)
Incoming
resources
Resources
expended
Movement
In funds
General fund
TOTAL FUNDS
31,764
44,458
44.458
2,570
2,)70
15.264
(15.264)
11.
RELATED PARTY DISCLOSURES
There were no related party transartions for the year ended 31 October 2024.
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