Charity registration number 11471)05 (England and Wales) SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Charity number 1147005 Independent examiner DSA Prospect Limited First Floor 1 Des Roches Square Witan Way Witney OX28 48E
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION CONTENTS Trustees. report Independent examinerfs rerx)rt Statement of finanaal activibes Balance sheet Notes to the finan(xal statements 8-16
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual reFKXt aThJ financial statements for the year ended 31 March 2025. The financial statements have been prepared in a(xordance with the accounting wlicaes set out in note 1 to the financial statements and comply wilh the charitys goveming document the Chartties Act 2011 and -Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial ReFQrtirvJ Standard applicable in the UK and Republic of Ireland (FRS 102)° las amended for accounts.ng penods cofflfflencing from 1 January 2016) Objectivés and activities Summary of the objectives of the tharity set out in ts goveming do(menuc0nSIituIltsn. The promotion of the efficiery of the Special Reconnaissance Regiment fsRR") and all predecessors thereto (the "Regimenf) of the Crown by the provision and support of facilities and activities and fostering of 'espTit de corps. for the efficiency arKI well-being of service petsomel. The relief of need to past and present members of the Regiment and their dependants by providing such persons with ihe provision of finanual sw and welfare projects which they could nol otherwise alrord through lack of means (the "Beneficiaries"). Summary of the main activities undertaken this year measured against the objectives of the charity: Achievements: The Special Reconnaissance Regimental Association (SRRA) remains fvlly committed lo the support of serving and former Regiment members and their dependants through the provision of welfare assistan. All activities are subject to ongoing review to ensure full fX)rnPlian with the charis goveming d{UMent. including its charter and constitution. The SRRA Executive ITru5tee) Committee meets biannualty to review and approve the charity's current and proposed actiwties and to csider its long-tem strategic objectives. To meet its ongoing welfare commitments. operational costs. and the recently established Private Healthcare Scheme (which provides cover exdusively for the dependants of SeIng soldiers). the charity is required to raise a minimum of £51)o,000 per annum. The charity's investments wefe fomieTly managed by Whitley Asset Management. Following Whitley's acquisitÉon by CazerK)ve Caprtal, investment management servirM are now prOVed by Cazenove Capital. As at the reporting date. the charity holds total investments of £1.478.280. MprISIng £500.000 in Iow-risk equities and £962.280 in Govemment Bonds, managed by CazerK)ve, kn3ether wrth £16.000 in donated shares. In accordan with Chartty Ccxnmission guKlance. the Trustees have estatAished a reserves policy to ensure that the charity is able to meet its ongoing operational (x)mmrtments and foreseeabte welfare liabilities. The Trustees have determined that unrestricted reserves should be maintained at a level suffirient to cover 24 months of core operating expenditijre and welfare commitments, induding anticipated liabilities arising from the Private Healthcare Scherne, medical support. burial rnsts, travel and subsistence, and accornmrxjation expenses for the immediate relatives of Regiment members in the event of death. The charity's ujrrent lnveStrrnt holdings and cash reserves exceed this minimum threshold and are considered adequale to support both current activities and anticipated fijture obligations. The level of reserves is reviewed at least annually as part of the Trustees. financial planning and risk management processes, and adjusted as necessary to reflect changes in expenditure, risk profile. and operational requirements. The Trustees consider the rrent reserves posttion to be appropriate and consistent with the charity's obJ'e(*ves. ensuring financial resilFence while enabling the continued delivery of welfare support to benefiaaries. The charity's prineipal s¢)urces of income ¢tinue to be special fundraising events, including dinners and shooting fixbjres. together with ongoing support of a number of generous benefactors. In April 2026, th8 charity plans to launch a Corporate SFonsorship Scheme which. Or fully eslablisted. is expected to provide an additional and sustainable income stream. In conclusion. the Trustees consider the year to have been highly sufxessful, as reflected in the 18vel of funds raised and. in the quality and extent of welfare support delivered to the chanty's benefiuaiies.
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review Incomlng Resources During the year, total incomiry res(burces amwrrted to £970.267 (FY 2023r24: £676,101). Income frThn charitable activilies totaHed £336.746. This COM1$ed £177210 generated from the Annual Gala Dinner. £92.873 raised through the Chanty Shoot evert and £62.833 raised through a speuffic fundraising initiative to support the purchase of a respite cottage. The Charity also received £624.747 in the fonn of grants and donations from individual and cortKJrate d¢)nors. This incorne was r1Ved in SUPFMJrt of the Charity's tharitable purposes and reflects continued donor supp. Investnt incgyne, comprising interest received on deposit accounts, totslled £8.774 for the year. Resources Expended Total resources expended during the year arnounted to £678,165 (FY 2023r24: £320.539). Expenditure on Raising Funds Expenditure incurred in raising funds totalled £58.067. This (x)mprised (ts associated with fundraising events and lated promotional activty urKlertaken to generate voluntary income. Induded wtthin thts total was a grant of £12,LM)O towards an SRRA sponsored reception hekl in May. which supported stakeholder engagement and awareness of the Charity's work. A further £46.067 vras incurred on the purthase of auclion items used at the Charity's principal fundraising events and several smaller fundraising activities. Expenditure on Charitable AthTbes staff pension costs for the year amounted to £2.577. Expenditure on Family Welfare and Respite Accom[N)dat totalled £344. Thts represents a reduction compared with the prior year. primarily as equivalent facilities were provKled to the Chatity at no cost by other organisations. A grant of £500 was awarded from the cell0 Innovation Awdrd Fund in furtherance of the Charity's objectives. Grants totalling £36.588 were awarded to suppcxt nine (f)hesion events and aclivibe5 across the UK for serving personnel and veterans. Bank charges incurred during the year amounted to £180. Expenditure on famity welfare actÈvities totalled £39.394. This SUppd the Garrison Weware offi and Church. together with initiatives io assist the chiklren of Regimental pennel currenty deployed. The Charity continued to support the Regimental Museum by facilitaling vistts by veterans. groups and other interesled parties aThJ by funding projects totalling £30.740. Expenditure on benefactor engagement activities amounted to £6.268 and related to ongoing communication and engagement with supporters. induding regular utxlates and meetings. A sum of £40 was incurred in respect of SRRA representation expenditure. Grant-maklng in FurthBran¢¢ of Charitable Purposes Grants awarded in furlherance of the Charity's charrtable puryx)ses totalled £341,252 (£62.934). Grants were made on a case by case bas following csideration of need and in awdance with the Charity's grant making policies.
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Benevolence: £303,310 £194,236 alkThted towards healthcare insurance, beneffting 156 families of servin9 personnel 0 £86,664 awarded for medical investigations and treatment for serving personnel, veterans and their families. 0 £10,100 granted to assist a veteran and family with respite re needs 0 £2,795 awarded to three veteran families for disabled home care equipment 0 £2,864 granted for bmvement support to families 0 £1,801 awared to assist fNe families travel costs for hospital appointments 0 £2.197 in eduLZtK)n grdnts awarded to two families £1.115 granted to two famirS in times of immediate need 0 £638 allocated for pastoral SUPF 0 £900 awarded for family counselling Adventurous Training and Sporting Activities: £21.710 Mental Health Counselling: £14.641. supFx)rting eleven cases involving serving personnel. veterans. and their families - Regimental Service of Remembrance: £1.591 awarded to sUp[t the service held in November. Support and Governance Costs increased to £162,215 (FY 2023124 £139.856). Financial review Total income for the year increased by 43.5% to £970.267 (FY 2023124: £676.101). This InCaSe arose primarily from higher levels of voluntary income. reflecting a snIficant inCSe in unrestricted donations recetved from corporate and private benefactors. Income from donations and legacies amounted to £624,747 {FY 2023124." £415,173). with the majonty of Ihe IncSe attributable to unrestricted funds. Income genèrated from fundraising activrties increased to £336,746 {Pf 2023124: £243.140}. Inveslrnent income for theyear decreasedto £8.774 {FY 2023124: £17.788). rellectinglowerinterestratesoncash balancesduringthe period. Total expenditure increased to £620.098 (FY 2023r24: £304.850). reflecting a major expansion in charitsble activity during the year. Grant funding rose sharply to £341,252 (FY 2023124: £62.934), wtth benevolence grants forming the largest component. Other charitable costs also increased. particularly in unit cohesion and tamily welfare activities. Support and govemance costs increased to £162,215 (FY 2023124: £139.856). mainly due to higher staff and fundraising related costs. The charity employed an average of three staff membors during the year IFY 2023124: two). No employee received remuneration exceeding £60.000. Overall, FY 2024125 was a year of strong Income growth and expanded charltable impact. The chaiity is in a sound financial position. with increased unrestricted income providing greater fiexibilty to meet future objectives whila continuing to support beneficiaries effectivety.
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Strncturel governance and managem•nt Type of govemlng documont Constitlon adopted 8 Marth 2012 and an*nded 23 April 2012, 13 March 2015, 29 April 2021 and 24 August 2021. Registered as a charity 25 April 2012 known as the Olly Fund. The name of the Charity chan9ed in October 2015 to the Speaal Reconnaissance Regirnental A&sociation. How the charity is constituted The Trustees convene meetings biannually to assess future bids for finarKxal Sup arml consider any adjustments required to meet the annual business plan. In exceptional circumstances, extraordinary expenditure ran be authorised by nominated Trustees within specified limits. (as per the Charter and Constitution) when expenditure has not been raised and approved at any such meeting. Bereavement Expenses Expenditure trom ihe FurKI to provKle immediate relief to dependants w? are in a lime of need.. hardship or distress because of death of a serving member of the Regirnent (whilst in service or otherwise} can be authorised up to £10,000. This can be done by either the Regimental Secretary (Chief ExecJJtive) or Chair. or in their absence by the Wice Chair and one other Trustee. Such expenditure may cover costs including, but [t limited to, funeral expenses. cost of accomm(xlatii)n and travel in relation to the funeral and associated trrps to the Regiment. or other related needs. Name of Trustoas This charity has been given a dispensation by the Charity Commissmm from publishing the name of its Trustees. Recruitment and appointment of trustees Trustee selection methods The nine trustees consist of three senior serving member5 of the Regiment (by aptK)intmerrt). five former serving members of the Regiment induding the Chair {c(kopted). and one Non-Executive Director {co-OPted). Trustees seNe an average temi of two to fve years. depending on their app(Mntrnent and circumstances. Each newly elected Trustee is comprehensively inducted and briefed on the aims and objectives of the Charity and their responsibilits'es. They are given a (x)py of the Charter and Constilution and the Charity Commission 'The Essential Trustee, which directs assouated supplementary reading. To evidence Trustees. reading of existing and new guidance from the Charity Comrnission a d(Ument has been created to provide an audit trail, to track and record all TsleeS nfim}ing they have read and understood the guidance provided. These dotsjments are a mandatory read for all Executive Committee Members (Trustees) as directed by the SRRA President. Members of the Association are continually asked to apply for Trustee aptM)intments as and when they become vacant. Applicants are scored by the Execulive {Trustee) Commiitee based on their suttability and compliance with the Charity Commission guidelines prior to being appointed. The trustees. report was approved by the Board of Trustees. Za"L6
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION I report to the tmstees on my examinatk)n of the financial statements of Swcial Reconnaissance Regimental Association (the d)arity) for the year ended 31 Marth 2025. Rèsponslbllltles and basls of report As the trustees of the charity you are responsible the preparatrm of the financial ststements in accordan wilh the requirements of the Chanties Act 2011. I report in respect of my examination of the chartrfs financial statements carried out under section 145 of the Charities Act 2011. In out my examination I have followed the Direciions given by the Charity Commission under section 145(5Xb) of the Charities Ad 2011. Independent examinerfs statement Since the charity's gross income exceeded £250.000 your examiner nwt be a nwnber of a b(MJy listed in section 145 of the 2011 Act. I conffimi that l am qualffied to undertake the examination bwxuse l am a member of ACCA, which is one of the listed bodies. Your attention is drawn to the fa(1 ttt the charity has prepared financial statements in acconlance with Accounting and Reporting by Charities preparing their accounts in acxx)rdance with the FinanciJ Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} in preferen to the AcLX)unting and ReFthing by Charities: Slatement of Re(x)mmended Practice issued on 1 A4)ri12005 which r5 referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accor(lance with Generally Apted Acc(xJnting PrxI1 effective for retw)rting periods Winning on or afler 1 January 2015. I have completed my examination. I confirm that no matters have to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kepl in respect of the chaiity as required by se1L 130 of the CharFlies Act 2011. the financial statements do not accord with those records: or the finanaal statements do not comply with the applicable requirements concerning the fo and conlent of financial statements set (xrt in the Charittes {Ac(xJunts and Reports) RegulatK)ns 2008 other than any requirement that the financial slatements give a true and fair vyew, which is not a rnatter considered as part of an independent examination. I havo no concems and have come across rKI other matters in <x)nnection with the examination to which attention should be dra*m in Ihis reFX)rt in (der to enable a proper understanding of the financial ststements lo be reached. OSA Pr DSA Prosped Limlted First Floor 1 Des Roches Square Witan Way Witr)ey OX28 4BE Date: .22-JaRT2026....
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Ro8trlotsd Endowment funds funds fundi 2025 2025 2025 Total Unre8trlct•d Re$trlcted End*)wment funds fund8 funds 2024 2024 2024 Total 2025 2024 Noto8 In¢om• from: Donatlon8 and18gacie6 Charitable actlvlties Investments 614,747 181,040 ,774 10,000 156,706 624,747 336,748 8,774 258,974 243,140 17,788 156,199 415,173 243,140 17,788 Total Incom• 804,561 165,708 970,267 519.902 156,199 676.101 Expendlture on: Ralsing funds Charitable actlvltles 58,067 394,200 68,067 820,097 15,689 260,400 15,689 304,860 225,897 44,450 Totsl expenditure 452,267 225,897 678,164 276,089 44,450 320,539 Nel Ineomo1(expondllur• 352,294 160,1911 292,103 243,813 111,749 355.562 Transfers betsveen fund8 62,280 19,000) 53,280 Net movemont In funds 414,574 (60,191) 19,000) 345,383 243,813 111,749 355,562 Roconclllatlon of fund•: Fund balances at 1 April 2024 1,469,454 210,806 25,000 1,705,260 1,225,641 99,057 25,000 1,349,698 Fund balances at 31 March 2025 1,884,028 150,61S 16,000 2,050,643 1,469,454 210,806 25,000 1,705,260 The statement of financial activities includes all gains and losse5 recognised in the year. All Income and expenditure derlv8 from continuing activities.
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION BALANCE SHEET ASAT31 MARCH 2025 2025 2024 N¢)tes Fixed assets Tangible assets Investments 13 14 7,184 1.478.280 5,831 825,000 1.485.464 830.831 Current assets Cash at bank and in hand 567.150 875. Creditors: amourits falling duè within one year 15 {1.971) (1,561) Net curront assots 565.179 874.429 Total assets less current liabilities 2.050.643 1,705.260 The funds of the charity Endowment funds Restricted InMe ftjnds Unrestricted tunds 16 17 18 16,000 150.615 1.884.028 25,000 210.806 1.469,454 2.050.643 1.705.260 The financial statements were approved by the trustees on 2 Z 2 OL
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Charity inforniation Special RennaISsance Regimental Association is a unincory)orated charity registered in England and Wales. 1.1 Accounting convention The financial statements have t)een prepared in accordan 1th the chaiitys goveming document, the Charities Act 2011. FRS 102 Tr Financial ReFXXting Slandard applicable in UK and Republic of Ireland" ('FRS 102-) aThJ the Charities SORP "Aixx)unting and ReFxybng by Charitses." Statement of Recommended Practice applicable to ChareS preparing their acnts in accordan with the Financtal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}" (effective 1 January 2019). The charity is a Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the provisi(Ms in the SORP for charli1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and RepJrts} Regulations 21)08 only to the extent required to wovide a true and fair vivw. This departure has involved following the Ststement of Recommended Practi for chaiities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Re9ulab"ons but thich has since been withdrawn. The financial statenEnts are try)ared in stertir¥J. whith is the functional currerKy of the charity. Monetary amounts in these financial stalement5 are rounded to the nearest £. The financial statements have tjeen Ted under the histori(a ¢))st convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the ffnancial ststements. U)e trustees have a r&onable expeclation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt ihe golng concem basis of accounting in prepariry the finCial statements. 1.3 Charitable funds Unrestricted ftjnds are awailable f(K- use at the discrelion of the trustees in furthernnce of their charitable objectives. Restricted funds are subject to specific condition5 by donors rx grantots as to how Ihey may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specfv conditions by donor5 that the capital must be maintained by the charity. 1.4 Income Income is recognised when the thanty is legally entiued to it after any perfornian conditions have been met, the arrtounts can be measured relialAy. and it is wobable trt incrmne will be received. Cash datiOnS ar8 recognised on receipt Other donations are recognised orKe charity has been nolifiad of the donation, unless performanc8 conditions require deferral of the arnounL Income tax recoverable in relation to donations re(tived urtder GiftAid or deeds of wvenant is recognised at the time of the donation. Legaaes are recognised on receipt or other¥vise rf the chaiity has bn notified of an impending distribution. the amount is known. and receipt is expected. If the amount is not known. th8 18gacy is treated as a contingent asset.
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polleles {Continued) 1.5 ExpendÉture All expenditure is accounted for on an aalS basis and has been dassffied under headings that aggregate all costs related to the category. Expenditure comprises those costs incurred by Ihe company in the delivery of its actNilies and services for its beneficiaries. It indudes both costs that can be alICated directly to such activvties and those costs of an indirect nature necessary to support them. Governance costs include ttx%se costs asso(aated with rneeling the constiOnal and stattrtory requirements of the company and indude the aLKIrt fees and costs linked to the strategic management of the company. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreaation and any impaimient losses. Depreciation is recognised so as lo wriie off the cost or valLHtion of assets less their residual values over their useful lives on the following bases: Equipment 20% reducing balar The gain or loss aTTsing on the dtsposal of an assel is determined as the difference between the sale prOedS and the carying value of the asset. and is recognised in the statement of firnal activities. 1.7 Fixed asset inveslments Fixed asset inveslrnents are initialty measured at trdnsactlon price exduding transaction costs. and are subsequently measured at fair value at each reporting date. Changes in frdir value are rec(y3nised in net incomel(expenditure) for the year. Transa(lion costs are expensed as inrAJrred. 1.8 Impairment of fixed assets At each reporting end date. the charity reviews the canying amounts of its langible assets to detemine whether there is any indication that those assets have suffered an impaiment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to delennine extent of the impaimient loss (if any). 1.9 Cash and cash equivalents Cash and cash equivalents indude (3sh in hand. depN)sÉts held at call with banks. other short-term liquid investsnents WFth original rnaturities of three or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Basic financial assets Basic financial assets. which indude debtors and cash and bank balances. are initially measured at transaction price induding transaction costs and are subsequently canied at amrtised cost using the effective inter8St method unless the arrangement o)nstitutes a financing transadion. v4her8 the transaction is measured at the present value of the future receipts diswnted at a market rate of interest. Financial assets classified as receivable within one year are not arnortised.
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contlnued) Basic financlal Ilabilibes Basic financtal liabilities. Indng ¢xeditors and bank bans are inibally recognised at transaction price unless the arrangement constitutes a finanong transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interesL Financial liabilit5e5 classified as payable within one year are not amortised. Debt instruments are subsequendy carried at amortised (Tht. using effective interest rate meth(xJ. Trade creditors are obligalions to pay for gwds or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassffied as current liabilities rf payrnent is due within one year or less. If rtoL they are presented as non-current liabililtes. Trade creditors are rec(KJnised initially at transaction pri and subsequentty measured al amortised cost using the effectNe interest method. Derecognition of financlal liabilities Financial liabilits.es are derecognised when the charivs contract1 obligations expire or are distharged or CanlIe{l. 1.10 Employee benefits The cost of any unused holty entiknent is rec(>Jnised in the perKxS in which Ihe employee's services are Ternination benefits are recgnsSed immediately as an expense when the tharity 15 demonstrably MItted to temiinate the employTnent of an ern)Yee or to provide termination beneffts. 1.11 Retirement benefrts Payments to defined contribution retirement benefft SdneS are clk2rged as an expense as they fall due. Critical accounting estlmates and judgements In the application of the charity's accounling pdicies. the trustees are required to rnake judgements, estimates and assutnptions att the carying amount of assets and liabilth.es that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates arKI Under"9 assumptions are reNiewed on an ongoir¥J basis. Rèvisions to accounting estimates are recL)gnised in the period in which the estimate is revised where the revision affects only that period. or in the period of revision and fvture periods where Ihe revision affects both cuffent and future periods. Income from donations and legacles Totsl Unrestrictod Restr1•d funds funds 2024 2024 Total funds 2025 funds 2025 2025 2024 Donations and gifts 614,747 10.000 624.747 258.974 156.199 415.173 10-
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitablo activibes Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted fvnds funds 2024 2024 Total 2025 2024 Fundraising activity Dinner events 181.040 155.706 336.746 243.140 243.140 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 8.774 17.788 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising and publicity Other fundraising costs 58.067 15.689 11
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable actlvltles 2025 2024 Pension costs Family welfare - accomodalion Projects to develop Regimental Ethos Unit cohesion activities Family welfare actiVTties Bank fees Regimental museum expenses Engagement with Benefaciors Rewesenting SRRA costs 2.577 1,051 11,728 1,000 16,109 24.136 25 45,808 1,838 365 500 36,588 39.394 30.740 6,268 40 116.631 102,060 Grant fvnding of acliwties (see note 8) Share of governance costs (see nole 11) 341.252 162.214 62.934 139,856 620.097 304,850 Analysis by fund Unrestricted funds Restricted funds 394,200 260,400 225.897 44,450 620.097 304.850 Grarrts payable Total 2025 Total 2023 Grants to institutions= Benevolence Adv trglsports Mental health resilierKe Remembrance 303.310 21.710 14.641 1.591 37,053 18,660 6.400 821 341.252 62.934 12-
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 2025 2024 The net movement In funds is sL3ted after chargiryl{credib'ng): Fees payable for the independenl examination of the thariws financial statements Depreciation of owned tangible fixed assets 2,560 1.945 2.497 1,660 10 Employoos The average monthly numtEr of emtAoyees during the year was: 2025 Number 2024 Number Employment costs 2025 2024 Other pension costs 2.577 1.051 There were no ernployees whose annua remuneratK)n was than £60.IY)O. 11 Support costs 2025 2024 Independent examiners fees Trustee travel costs Staff costs Depreaation Printing and stationary IT Insurance General expenses Employee travel Gala dinners 2.497 9,732 90.154 1.660 6.503 496 1,153 1,809 3.057 22.795 7.099 109,784 1,945 1,095 6,447 1.253 1.498 4.272 25.726 162.214 139.856 Analysed belyleen Charitable activities 162.214 139.856 12 Taxatlon The drity is ex* from taxation on its acbvits b8(xuse all its income is applied for charitsble purposes. 13-
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed assets Equipmwrt Cost At 1 April 2024 Additions 12,822 3,298 At 31 March 2025 16,120 Depreciation and impairnwnt At 1 April 2024 Depreciation charged in the year 6.991 1,945 At 31 March 2025 8,936 Carrylng amount At 31 March 2025 7.184 At 31 March 2024 5,831 14 Fixed asset investments Investments Cost or valuation At 1 April 2024 & 31 March 2025 825.000 Carying amount At 31 March 2025 825.000 At 31 March 2024 825,000 15 Creditors: amounts falling due within one year 2025 2024 other creditors Accruals and defeffed incorne 1,011 960 601 960 1.971 1,561 14-
SPECIAL RECONNAISSANCE REGIMENTAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 16 Endowment fvnds Endowment funds represent assets which must be held pemianenty by the charity. Income arisiro on the endowment furKls can be used in accordance with the obJ"eGts of the charity and is included as unfeslricted income. Any capital gains Of losses arising on the assets fom part of the fund. At 1 April 2024 Trnn$fers At 31 March 2025 Pemianent endowments 25,000 (9.000) 16.000 Previous year: At 1 April 2023 Transfers At 31 March 2024 Permanent endowments 25,OtKJ 25,000 17 Rèstricted funds The restricted fijnds of the charity comprise the unexpended balanS of donal1(S and grants held on trust subject to specrfic conditions by donors as to how they may be used. At 1 April Incoming Resources At 31 March 2024 resources expended 2025 210.806 165.706 {225,897) 150.615 Prevlous year. At 1 April Incoming Resources At 31 March 2023 resources expended 2024 99.057 156.199 (44.450) 210.806 18 Unrestrlcted funds The unrestricted fvnds of the charity comprtse the unexperKled balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds vthith have been set aside oul of unrestricted fuNls by the trustees for specrfic purposes. At 1 April Incomlng Resources 2024 resources expended Transfers At 31 March 2025 General fijnds 1.469.454 804.561 {452,267) 62.280 1.884,028 15-
SPECIAL RECONNAISSANCE REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Untrfctsd fvnds (Continued) Previous year.. At 1 Aprll In¢omlng Resources 2023 resources expended Transfers At 31 March 2024 General funds 1.225.641 519.902 {276.089) 1.469.454 19 Related party transactions There were no disclosable related party transactions during the year (2024 . none). Analysis of net assets between funds Total 2025 Total 2024 Fund balances at 31 March 2025 are represented by: Tangible assets Inveslments Current assetsl{liabilities) 7.184 1.478,280 565,1T9 5.831 825.000 874.429 2.050.643 1,705.260 16-