## 

|Contents||
|---|---|
||Page|
|Charityinformation|t-2|
|Trustees'report|3-11|
|lndependent auditor's report|12-15|
|Statement of financialactiv¡ties|L6|
|Balancesheet|t7|
|Statementofcashflows|18|
|Notesto the financial statements|x9-34|





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|Trustees' report||
|---|---|
|Charityregistrationnumber:|1,r74874|
|Companyregistrationnumber:|LOg22587|
|Principaloffice:|199 BoroughHighStreet,LondonSE1LAA|
|Patron:|Her MajestyTheQueen|
|GrandPresident:|General The LordRichardsofHerstmonceuxGCBCBEDSO|
|Deputy Grand President:|MajorGeneralGlMitchellCBMBE(andTrustee)|
|Trustees:|MrJMArcher|
||ColonelJ MBowlesMBE|
||MajorUCleminsonCBEBEM TD(toLSIOS/Z?)|
||MrJCoward(from t5/O5/221|
||ColonelPADaviSCBE|
||MajorGeneralC HElliottCVOCBE|
||BrigadierAWFreemantleCBE DBA|
||LieutenantCommanderMRHawthornMBERN|
||MrALHolmesOBE|
||BrigadierJCLKingMBE|
||ColonelAJMartinONZM|
||ColonelMMSlatteryRRC|
||MrsEStrouts|
||MrsEAWatkinsDL|
||BrigadierDAWilliamsMBE|
|HonoraryRecorder:|Colonel MJWinarickOBE|
|Honorary LegalAdviser:|MrTEJCase|
|Honorary Medical Adviser:|MajorGeneralDSJolliffeCBEFRCP|
|SecretaryGeneral:|LieutenantColonelCFWarren|
|ControllerFinance:|MajorDThompson|
|Bankers:|National WestminsterBankplc|
||65Piccadilly|
||London W1A2PP|
|lndependentauditor:|MazarsLLP|
||6SuttonPlaza|
||Sutton CourtRoad|
||Sutton|
||Surrey SM14JQ|





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13 July 2022 



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|Fortheyearended31|March2O22|||||||
|---|---|---|---|---|---|---|---|
||Notes|Unrestricted|Designated|Restricted|Totalfunds||Total funds|
||||||Yearended||Yearended|
|||funds|funds|funds|3LMar2O22|31Mar2021||
|||f|r.|f|f||Inote2)<br>f|
|lncome||||||||
|Donations andlegacies||||||||
|Donations, grants andappeals|3|664,282||s96,2s6|1,260,538||1,,444,I98|
|FCDOgrant|7|||2,843,7r0|2,843,710||2,092,1,84|
|Legacies||||||||
|lncomefrom¡nvestments|4|76,244|4|32|t6,280||19,r29|
|Total income||680,s26|4|3,439,998|4,720,528||3,555,5L1|
|Expenditure||||||||
|Expenditure on raisingfunds||||||||
|Fundraising costs|5|47,397|||47,397||45,782|
|Poppy supplies andfreight||||||||
|charges||3s,30s|||3s,30s||37,0L3|
|||87,70?|||82,742||82,795|
|Expenditure oncharitable||||||||
|activities||||||||
|RCELwelfare grants|5|680,637|77,804|603,618|1,302,059||r,902,t63|
|FCDOgrant|7|||2,8s9,380|2,859,380||2,s83,496|
|Totalexpenditure||763,339|t7,804|3,462,998|4,244,I4I||4,568,454|
|Net(expenditure) before||||||||
|¡nvestmentga¡ns||(82,813)|(17,800)|(23,000)|(123,613)||(r,0r2,943l.|
|Gainsoninvestments||72,858|||72,858||143,880|
|Net(expenditure) before||||||||
|transfers||(9,9ss)|(17,800)|(23,000)|<br>(s0,7ss)||<br>(86e,063)|
|Transfers betweenfunds||(37,000)|37,000|||||
|Netmovementinfunds||(46,9ss)|79,200|(23,000)|(s0,7ss)||(869,063)|
|Total funds broughtforward||'J",764,46r|1r9,468|L46,540|2,030,469||2,899,s32|
|Total funds carriedforward|16,L7,18,L9|L,7r7,506|139,669|t23,540|1,979,714||2,030,469|





## 

## 

|||2022|202L|
|---|---|---|---|
||Notes|f|f|
|Fixed assets||||
|lntangibleassets|t2|||
|lnvestments|13|l_,550,199|1,660,943|
|||1,550,1_99|r,660,943|
|Currentassets||||
|Debtors|!4|14,028|38,818|
|Cashatbank andinhand||485,080|409,351|
|||499,1"08|448,169|
|Creditors: amounts fallingduewithin||||
|oneyear|15|(69,593)|(78,6431|
|Netcurrentassets||429,5L5|369,526|
|Netassets|t9|r,979,71-4|2,O3O,469|
|Represented by:||||
|Unrestricted funds|16|L,7L7,506|r,764,461|
|Designatedfunds|L7|138,668|rr9,468|
|Restrictedfunds|18|123,540|146,540|
|||1,979,7L4|2,O3O,469|





## 

## 

|StatementofCashFlowsforthe year|ended31Marc|h 2022||
|---|---|---|---|
|||Year ended|Year ended|
|||3tMar2O22|StMa¡2021|
|||f|f|
|Cashflows fromoperatingactivities||||
|Net(expenditure)||(50,755)|(869,063)|
|Adjustmentsfor:||||
|(Gain)on investments||(72,8581|(L43,880)|
|lnterestincome||(16,280)|(r9,1.29)|
|Trade andotherdebtors||24,790|3,513|
|Trade andothercreditors||(9,050)|24,354|
|Cashflows(usedinloperatingactivities||lL24,t53l|(1,004,205)|
|Cashflowsgenerated in investingactivities||||
|Purchaseofinvestments*||(16,398)|(l_8,675)|
|Proceedsondisposalofinvestments*||200,000|250,000|
|lnterestreceived||L6,280|19,129|
|Cashflowsgeneratedfrominvestingactivities||L99,882|25O,454|
|Net increase/(decrease) incash||75,729|(753,75t1|
||At1Apr2021|Movementincash|At31Mar2022|
|Cashatbank|E<br>409,351|r.<br>75,729|f<br>-tt,*|





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||UnrestrictedDesignated<br>funds<br>funds|UnrestrictedDesignated<br>funds<br>funds|Restricted<br>funds|Totalfunds<br>2021"|
|---|---|---|---|---|
||f|f|f|f|
|lncome|||||
|Donations andlegacies|||||
|Donations,grantsand appeals|648,651|10,000|785,547|L,444,!98|
|FCDOgrant|||2,092,184|2,092,184|
|Legacies|||||
|lncomefrominvestments|19,044|22|63|t9,r29|
|Total income|667,695|10,022|2,877,794|3,555,511|
|Expenditure|||||
|Expenditure onraisingfunds|||||
|Fundraising costs|45,782|||45,782|
|Poppy supplies andfreightcharges|37,0r3|||37,Ot3|
||82,795|||82,795|
|Expenditure on charítableactivities|||||
|RCELwelfaregrants|t,Llo,6Lo|99|791,454|L,902,L63|
|FCDOgrants|||2,583,496|2,s83,496|
|Totalexpenditure|L,tg3,4o5|99|3,374,950|4,568,454|
|Net(expenditure)/incomebefore<br>investmentgains|(525,71,O)|9,923|(497,1561|(t,ot2,943)|
|Gainson investmentassets|143,880|||143,880|
|Net(expenditure)/incomebeforetransfers|(381,830)|9,923|(497,156)(869,063)||
|Transfers betweenfunds|(30,000)|30,000|||
|Netmovementinfunds|(411,830)|39,923|(497,t561|(869,063)|
|Total funds broughtforward|2,!76,29t|79,545|643,696|2,899,s32|
|Total funds carriedforward|1,764,4611t9,468||L46,540|2,030,469|





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## 

## 

||Unrestricted|Designated|Restricted|Yearended|
|---|---|---|---|---|
||funds|funds|funds|3LMar2O22|
|||||Totalfunds|
||f|f|f|f|
|Affiliationfees|270|||270|
|DonationsfromMemberOrganisations|242,624|||242,624|
|Donationsin kindfromMemberOrganisation<br>(seenotea)|76,659|||76,659|
|Contributionsfromexternal fundsto<br>administration(seenoteb)|67,771.|||67,77t|
|Other donations|282,958||596,256|879,21.4|
||664,282||596,2561,260,538||
||Unrestricted|Designated|Restricted|Yearended|
||funds|funds|funds|31Mar2021|
|||||Totalfunds|
||f|€|f|f|
|Affiliationfees|400|||400|
|DonationsfromMemberOrganisations|242,652|10,000||252,652|
|Donationsin kindfromMemberOrganisation<br>(seenotea)|72,928|||72,928|
|Contributionsfromexternal fundsto<br>administration(seenoteb)|55,473|||55,473|
|Other donations|277,L98||785,547|L,062,745|
||648,651|10,000|785,547|<br>1,444,198|



|tions inkindfromTheRoyalBritishLegionweremad|e upasfollows:-||
|---|---|---|
||Yearended|Yearended|
||3Luar2Oi22|3LMar2O21.|
||f|f|
|Donation of lapelpoppies|31,222|30,198|
|Freeoffice accommodationandservices|45,437|42,730|
||76,659|72,928|





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## 

## 

|ing charitieshave made donationstocontribute to|theLeague'sadministrationcosts:-|theLeague'sadministrationcosts:-|
|---|---|---|
||YearendedYearended||
||31.Mar2O22 3tMar202L||
||ff||
|RoyalAirForceBenevolentFund|18,2!4|15,473|
|Royal Navy BenevolentTrust|3,557||
|ABFTheSoldiers'Charity|20,000|20,000|
|TheOfficers'Association|20,000|20,000|
||67,77r|55,473|



## 

|<br>lncomefrominvestments|||||
|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Yearended|
||funds|funds|funds|3LMar2O22|
|||||Total funds|
||f|f|f|f|
|Dividendincome|L5,799|||15,799|
|lnterestonfixed deposit|427|||427|
|Otherbankdeposit interest|18|4|32|54|
||16,244|4|32|L6,280|
||Unrestricted|Designated|Restricted|Year ended|
||funds|funds|funds|31.Mar2O2l|
|||||Total funds|
||f|f|f|f|
|Dividendincome|t4,771|||14,771|
|lnterestonfixed deposit|3,676|||3,676|
|Otherbankdeposit interest|597|22|63|682|
||19,044|22|63|t9,r29|





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|Notestothefinancialstatements<br>Forthe year ended31March2022<br>5<br>Fundraisingcosts||||
|---|---|---|---|
||Yearended|Yearended||
||31"Mar2O22|31|Mar2021|
||î.||f|
|Directfundraisingcosts|6,r72||5,703|
|Supportcosts(seenote8)|41",225||40,o79|
||47,397||45,782|



## 

|6<br>RCELwelfare grants|||||
|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Yearended|
||funds|funds|funds|31Mar|
|||||2022|
|||||Total funds|
||f|f|f|f|
|Fundsadministeredand disbursedon behalf ofother<br>charities|||558,881|558,881|
|GrantstoMemberOrganisations|492,248||44,630|536,878|
|Projectgrants|9,440|||9,440|
|Welfaretourcosts|3,795|||3,795|
|Supportcosts(seenote8)|t75,r54|17,804|ro7|193,065|
||680,637|17,804|603,6181,302,059||
||Unrestricted|Designated|Restricted|Yearended|
||funds|funds|funds|31Mar|
|||||2021"|
|||||Total funds|
||f|î|f|€|
|Fundsadministeredand disbursedon behalf ofother<br>charities|||718,759|718,759|
|GrantstoMemberOrganisations|988,674||72,55L|1,06L,225|
|Projectgrants|1.4,467|||L4,467|
|Welfaretourcosts|(2,559)|||(2,559)|
|Supportcosts|tto,027|99|!45|LlO,27r|
||1,110,609|99|79L,455|t,902,163|





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|otestothefinancialstatements<br>orthe year ended31March2022<br> <br>Welfare (continued)<br>henumber of individualcasesassistedduringtheperiodwasasfollows:-|||
|---|---|---|
||2022|202L|
||Number|Number|
|FromtheCharity'sown funds|4,590|5,23r|
|Fundsadministeredand disbursedonbehalfofothercharities(Agency|705|703|
|work)|||
||5,285|5,934|



## 

|oyalCommonwealthEx-Services<br> <br>FCDO|League,1-99BoroughHi|ghStreet,Lond|on,SE1LAA.||||
|---|---|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Yearended|Yearended||
||funds|funds|funds|31Mar||31Mar|
|||||2022||202L|
|||||Total funds|Total funds||
||f|f|f|f||f|
|lncome|||||||
|FCDOincome-welfare|||2,579,4t5|2,578,4r5||!,9t9,237|
|FCDOincome-operational|||265,295|265,295||172,947|
||||2,843,710|2,843,7t0||2,092,L84|
|Expenditure|||||||
|FCDOwelfaregrants|||2,492,888|2,492,888||2,159,989|
|FCDOothercosts|||366,492|366,492||423,507|
||||2,859,380|2,859,380||2,583,496|






## 

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## 

|||||Yearended|Yearended|
|---|---|---|---|---|---|
|||||SLMar2022|3LMa¡2O2I|
||Welfare|FCDOothercosts|Fundraising|Total funds|Totalfunds|
||f|€|f|f|f|
|Staffcosts (seenote9)|L14,430|293,615|19,gg1|427,926|455,399|
|Conferences&meetings|29,235|12,962|3,987|46,184|5,653|
|Office accommodation &services|21,872|15,763|9,336|46,971|44,369|
|Travel &subsistence costs|t,192|17,462|63|t8,717|794|
|Safeguarding|||||(5,328)|
|Deliveryexpenses|||||3,880|
|Othercosts|to,r77|5,457||1.5,634|20,t51.|
|Legalcosts|5,43t|'J.,832|2,674|9,937|16,277|
|Auditor'sremuneration||||||
|-<br>Audit|3,355|4,737|7,652|9,744|9,491|
|-<br>Otherservices|4,964|13,465|2,445|20,874|18,282|
|Annualreport|2,409|1,r99|'1,r87|4,795|4,900|
|Total(see notes 5 and6)|193,065|366,492|41.,225|600,782|573,857|



## 

|<br>Staffcosts|||
|---|---|---|
||Yearended|Yearended|
||3tMa¡2O22|31Mar2021|
||Total funds|Totalfunds|
||r-|f|
|Wages and salaries|298,908|326,333|
|Socialsecuritycosts|30,877|32,548|
|Pension costs (seenote11)|28,908|30,667|
|Staff insurance and healthcare|11,L98|12,804|
|Overseasproject officers (contract staff)|58,035|53,036|
|Staffcosts|427,926|455,388|





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|<br>cheme. DuringtheyeartheCharitypaidcontributionsof f2<br> 30,667).<br>2<br>lntangiblefixedassets|<br>8,908(2021,:7 staffwithcon|
|---|---|
||Website|
||f|
|Cost||
|Balanceat1April 2O2tand3tMarch 2022|2,063|
|Depreciation||
|Balanceat1April2021,and3lMarch 2022|2,063|
|Net book value||
|At31-March2022||
|At31March2021||





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## 

|Notestothefinancialstatements<br>orthe year ended3lMarch 2022<br>3<br>lnvestments|||
|---|---|---|
||2022|202t|
||f|r.|
|At1January|L,660,943|1,,748,388|
|Additions|16,398|18,675|
|Disposals|(200,000)|(250,000)|
|Realisedand unrealisedgainsonportfolio|72,858|43,990|
|Movementincash||143,880|
|Market value at31March|1,550,199|1,660,943|
|Historicalcost|640,732|824,334|



## 

|4<br>Debtors|||
|---|---|---|
||2022|2021"|
||r.|f|
|Accruedinterest|835|1,006|
|Prepayments|13,193|37,8r2|
|Other debtors|||
||L4,028|38,818|





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|5<br>Creditors: amountsfallingduewithinoneye|ar||
|---|---|---|
||2022|202t|
||f|f|
|Taxationand social secur¡ty|9,3L0|to,944|
|Accruals|42,868|48,327|
|Deferred income|15,000|15,000|
|Other creditors|2,415|4,372|
||69,593|78,643|



## 

|6<br>Unrestricted funds|||||||
|---|---|---|---|---|---|---|
||AtlApril2021|Income|Expenditure|Gainson|Transfer|At3lMar2O22|
|||||investments|between funds||
||r.|f|f|f|f|f|
|Accumulated fund|r,764,46L|680,526|(763,339)|72,858|(37,000)|L,717,506|
||At1Jan 2020|lncome|Expenditure|Gainson|Transfer|At31Mar2021|
||î|f|f|¡nvestments<br>f|between funds<br>f|f|
|Accumulated fund|2,t76,291|667,695|(1,193,405)|143,880|(30,000)|t,764,461|





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## 

|Forthe<br>rended31Ma<br>7<br>Designatedfunds|rch 2022||||||
|---|---|---|---|---|---|---|
||At1Apr2021|lncome|Expenditure||Transfer|ALSLMar2O22|
||||||between funds||
||€|f||f|f|f|
|ConferenceFund|98,937||||37,000|t35,937|
|StaffContingencyFund|20,53]-|4|(77|,804<br>)||2,73L|
|Total|L1"9,468|4|(77,8041||37,000|1,38,668|
||At1Apr2020|lncome|Expenditure||Transfer|At31Mar2021|
||||||between funds||
|ConferenceFund|59,036|10,000||(ss)|30,000|98,937|
|StaffContingencyFund|20,509|22||||20,537|
|Total|79,545|LO,O22||(ee)|30,000|tLg,468|





## 

## 

||At1Apr|lncome|Expenditure|Transfers|At31Mar|
|---|---|---|---|---|---|
||202t||||2022|
||f|f|f|f|f|
|FCDO|6,762|2,843,710|(2,859,380)||(8,908)|
|The AskariAppeal|53,443|2,463|(L,1,28)||54,778|
|PrincePhilipLodgeFund|163||||163|
|Auchinleck Appeal|2L,6L5|209|(s3)||21.,771-|
|Legacy:lndian ArmyAssociation|31,03L||||31,031|
|TRBLWomen'sSection|17,500||(5,71,2)||11,788|
|QueenMary's RoehamptonTrust||20,000|(2o,ooo)|||
|African Veterans|4,3!2||(1,890)||2,422|
|MStJWayCharitable Trust||4,000|(4,000)|||
|Fundsadministered on behalfof|LL,7L4|557,662|(558,881)||L0,495|
|othercharities(agencywork)||||||
|Other restrictedgrants||Lt,954|(11_,954)|||
||t46,54O|3,439,998(3,462,998)|||123,540|
||At1Apr|lncome|Expenditure|Transfers|At31Mar|
||2020||||202t|
||f|r.|f|f|f|
|FCDO|498,O74|2,092,184|(2,593,496)||6,762|
|TheAskariAppeal|53,304|2tt|(72)||53,443|
|PrincePhilipLodgeFund|163||||163|
|AuchinleckAppeal|2t,469|218|(72Ì.||2t,6t5|
|Legacy:lndian ArmyAssociation|31,031||||31,031|
|TRBLWomen'sSection|77,500|10,000|(10,000)||17,500|
|BIindVeteransUK||19,690|(19,690)|||
|QueenMary's RoehamptonTrust||15,000|(15,000)|||
|African Veterans||10,000|(5,688)||4,312|
|MStJWayCharitableTrust||4,000|(4,000)|||
|Fundsadministered on behalfof|13,155|717,318|(718,759)||tt,7L4|
|othercharities(agencywork)||||||
|Other restricted grants|9,000|9,L73|(18,173)|||
||643,696|2,877,794|(3,374,950)||L46,540|





## 

## 

||Unrestricted|Unrestricted|Designated|Restricted|Total funds|
|---|---|---|---|---|---|
||funds||funds|funds|2022|
|||f|f|f|f|
|lnvestments|1,550,199||||1,550,19g|
|Currentassets|236,900||138,668|<br>123,540|499,L0g|
|Current liabilities|(69,593)||||(69,593)|
||1,7!7,506||<br>138,668|123,540t,g7g,7L4||
||Unrestricted|Designated<br>Restricted|||Total funds|
||funds||funds|funds|202L|
||€||f|r|f|
|lnvestments|L,660,g43||||1-,660,943|
|Currentassets|L82,T6L||119,468|146,540|448,169|
|Current liabilities|(78,6431||||(78,643l,|
||I,764,46L||119,468|L46,540|2,030,469|



## 

## 

|Donationshav|e been|receivedfromthese related p|arties duringtheperiod||
|---|---|---|---|---|
||||3tMar2022|3tMar2O2L|
||||Totalfunds|Totalfunds|
||||î.|€|
|TheRoyalBritish|Legion|annual donation|240,000|240,OO0|
|TheRoyalBritish|Legion|(seenote3a)|76,659|72,928|
|TheRoyalBritish|Legion|(women'ssection)||L0,000|
|TheRoyalBritish|Legion|(conference)||10,000|





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