Trustees' Annual Report for the period
Period start date Period end date
From 1 April
2022 To 31 March 2023
Section A Reference and administration details
Charity name
The Royal Wessex Yeomanry Association
Other names charity is known by
RWxY Assn
Registered charity number (if any) 1162030
Charity's principal address Allenby Barracks Bovington Camp Wareham Postcode BH20 6JA
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|
|---|---|---|---|---|---|
| AnthonySHARMAN | Chairman | ||||
| Jules Speers | |||||
| James Martin | |||||
| Robert Kennedy | |||||
| Wayne Price | |||||
| Christopher Hart | Honorary Treasurer |
||||
| Names of the trustees for the charity, if any, (for example, any custodian trustees) | |||||
| Name | Dates acted if not for whole year | ||||
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Names and addresses of advisers (Optional information)
| Type of adviser | Name Address |
Name Address |
|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | ||
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document[Constitution 5 Jun 15]
- (eg. trust deed, constitution)
How the charity is constituted
- (eg. trust, association, company)
[Association]
Trustee selection methods
- (eg. appointed by, elected by)[Appointed by Existing Trustees]
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
The Trustees named on page 1 have served throughout the year. The appointment of Trustees is governed by the Constitution. None of the Trustees received any remuneration or reimbursement of expenses during the year.
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policies and procedures adopted for the induction and training of trustees;
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training of trustees; The Trustees actively review the major risk that the Charity faces on a regular basis. The Trustees have reviewed income and expenditure and
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the charity’s organisational have maintained control over expenditure.
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structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
To promote the efficiency of the Royal Wessex Yeomanry personnel by any charitable means, including but not limited to, fostering esprit de corps and maintaining contact between past and present members, including antecedent regiments;
To relieve either generally or individually persons who are serving or who have served in The Royal Wessex Yeomanry, or the dependents of such persons, who are in conditions of suffering, need, hardship or distress.
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The Trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission.
The Charity is able to provide assistance to the persons and their dependants who have served with the above units. This can be in the form of grants of money, paying for services, goods and facilities for them, or making grants of money to other persons or bodies who provide goods, services, etc to those in need.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grant making;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
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Section D Achievements and performance
Summary of the main The Trustees consider the performance of the Charity has been very achievements of the charity satisfactory seeing that it is the first year in which they have been during the year registered as a Fund. It has only been at the end of the current accounting period that the Charity has started to receive funds and therefore, so far, has not been in a viable position to support anyone up until now. This will change in the next reporting period, with the aim of the RWxY Assn to be able to provide grants and beneficiaries to those seeking assistance. Due to being newly formed the membership of the Association is still relatively small, growing the numbers, and the income received from having a larger membership, is seen as a priority to ensure the charity is in a position to support those that it has been set up to look after.
Section E Financial review
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Brief statement of the charity’s policy on reserves
The constitution does not specify the requirement of a Reserve; therefore all of the income is applied in furthering the RWxY Assn charitable objects and all surplus income has therefore accumulated in an Unrestricted Fund.
Details of any funds materially in deficit
N/A
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
The Fund’s main source of income is through the Service Day’s Pay Scheme, with either 100% or 50% of a day’s pay being donated to the Charity by the serving community of RWxY.
The Fund does not seek to raise funds direct from the public, instead the Fund solicits support from associated military and charitable organisations.
Regimental and private donations remain an important source of income for the Fund and the Trustees would like to thank all those who have contributed so generously.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
Anthony Sharman | Christopher Hart |
|---|---|---|
| Anthony Sharman | Christopher Hart | |
| Chairman | Treasurer | |
| January 24 |
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Charity Name No (if any) The Royal Wessex Yeomanry Association 1162030 Receipts and payments accounts CC16a For the period Period start date Period end date To from 1-Apr-22 31-Mar-23
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Subscriptions 96 Donations 108 - - - - - - 204 - - Sub total - Total receipts 204 A3 Payments Grants 2,178 - - - - - - - - Sub total 2,178 - - Sub total - Total payments 2,178 Net of receipts/(payments) - 1,974 A5 Transfers between funds - A6 Cash funds last year end 4,224 Cash funds this year end 2,250 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ 19 - - - - - - - 19 - - - 19 - - - - - - - - - - - - - - 19 - 2,871 2,890 Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 115 108 - - - - - - 223 - - - 223 2,178 - - - - - - - - 2,178 - - - 2,178 - 1,955 - 7,095 5,140 |
Last year to the nearest £ |
| - - - - - - - - - |
115 | 70 | ||
| 108 | 171 | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 223 | 241 | |||
| - - - |
- | |||
| - | - | |||
| - | - | |||
| - | 223 | 241 | ||
| - - - - - - - - - - |
2,178 | - | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 2,178 | - | |||
| - - - |
- | |||
| - | ||||
| - | - | |||
| - | 2,178 | - | ||
| 19 | - - - - |
- 1,955 | 241 | |
| - | - | - | ||
| 2,871 | 7,095 | 6,902 | ||
| 2,890 | 5,140 | 7,143 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Bank Account Details Details Details Details Signature Christopher Hart Anthony Sharman Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 2,250 2,890 - - - - 2,250 2,890 OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Christopher Hart Anthony Sharman Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
|||
| Christopher Hart | Christopher Hart | 1/29/2024 | |
| Anthony Sharman | Anthony Sharman | 1/29/2024 |