## 

|Trusteesreport||
|---|---|
|Contents||
||Page|
|Charityinformation|3-4|
|Trustees'report|5-13|
|Independentauditor'sreport|14-17|
|Statementoffinancialactivities|18|
|Balancesheet|19|
|Statementofcashflows|20|
|Notestothefinancialstatements|21-37|





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|Trustees'report|||
|---|---|---|
|Charityregistrationnumber:|1174874||
|Companyregistrationnumber:|10922587||
|Principaloffice:|199BoroughHighStreet,LondonSE11AA||
|GrandPresident:|GeneralTheLordRichardsofHerstmonceuxGCBCBEDSODL||
|DeputyGrandPresident:|MajorGeneralGIMitchellCB|MBE(andTrustee)|
|Trustees:|ColonelMJWinarickOBE|(from13February2024)|
||MrJMArcher||
||CaptainPChambers|(from13February2024)|
||MrJCoward||
||MajorGeneralCHElliottCVO|CBE|
||BrigadierAWFreemantleCBEDBA||
||BrigadierJCLKingMBE||
||ColonelAJMartinONZM||
||MrsEStrouts||
||MrsEAWatkinsDL||
||ColonelJMBowlesMBE|(to6December2023)|
||ColonelPADavisCBE|(to6December2023)|
||MrALHolmesOBE|(to6December2023)|
||ColonelMSlatteryRRC|(to6December2023)|
||BrigadierDAWilliamsMBE|(to6December2023)|
||LieutenantCommanderMRHawthornMBERN(to20May2024)||





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||Notes|Unrestricted|Designated|Restricted|Totalfunds|Totalfunds|
|---|---|---|---|---|---|---|
||||||Yearended31|Yearended|
|||funds|funds|funds|Mar2024|31Mar2023|
|||||||(note2)|
|||`£`|`£`|`£`|`£`|`£`|
|Income|||||||
|Donationsandlegacies|||||||
|Donations,grantsand|||||||
|appeals|3|563,282||505,372|1,068,654|1,211,687|
|FCDOgrant|7|||1,868,835|1,868,835|2,552,398|
|Legacies||||-||5,000|
|||563,282||2,374,207|2,937,489|3,769,085|
|Incomefrom|||||||
|investments|4|39,471|135|3,560|43,166|24,930|
|Totalincome||602,753|135|2,377,767|2,980,655|3,794,015|
|Expenditure|||||||
|Expenditureonraisingfunds|||||||
|Fundraisingcosts|5|43,743|||43,743|52,098|
|Poppysuppliesand|||||||
|freightcharges||14,855|||14,855|14,436|
|||58,598|||58,598|66,534|
|Expenditureoncharitable|activities||||||
|RCELwelfaregrants|6|870,591|15,849|558,467|1,444,907|1,228,761|
|FCDOwelfaregrants|7||-|1,869,086|1,869,086|2,541,944|
|Totalexpenditure||929,189|15,849|2,427,553|3,372,591|3,837,239|
|Net(expenditure)|||||||
|beforeinvestment|||||||
|gains||(326,436)|(15,714)|(49,786)|(391,936)|(43,224)|
|Gains/(losses)on|||||||
|investments||36,545|||36,545|(22,932)|
|Net(expenditure)|||||||
|beforetransfers||(289,891)|(15,714)|(49,786)|(355,391)|(66,156)|
|Transfersbetween|||||||
|funds||(30,000)|30,000|-|||
|Netmovementinfunds||(319,891)|14,286|(49,786)|(355,391)|(66,156)|
|Totalfundsbrought|||||||
|forward||1,712,244|36,069|165,245|1,913,558|1,979,714|
|Totalfundscarried|||||||
|forward|16,17,18,19|1,392,353|50,355|115,459|1,558,167|1,913,558|





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|||2024|2023|
|---|---|---|---|
||Notes|£|£|
|Fixedassets||||
|Intangibleassets|12|2,092||
|Investments|13|1,202,148|1,373,131|
|||1,204,240|1,373,131|
|Currentassets||||
|Debtors|14|3,740|13,403|
|Cashatbankandinhand||410,061|577,285|
|||413,801|590,688|
|Creditors:amountsfallingduewithin||||
|oneyear|15|(59,874)|(50,261)|
|Netcurrentassets||353,927|540,427|
|Netassets|19|1,558,167|1,913,558|
|Representedby:||||
|Unrestrictedfunds|16|1,392,353|1,712,244|
|Designatedfunds|17|50,355|36,069|
|Restrictedfunds|18|115,459|165,245|
|||1,558,167|1,913,558|





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||Yearended|Yearended|
|---|---|---|
||31Mar2024|31Mar2023|
||£|£|
|Cashflowsfromoperatingactivities|||
|Net(expenditure)|(355,391)|(66,156)|
|Adjustmentsfor:|||
|Depreciation|303||
|(Gain)/lossoninvestments|(36,545)|22,932|
|Interestincome|(43,166)|(24,930)|
|Decreaseintradeandotherdebtors|9,663|625|
|Decrease/(increase)intradeandothercreditors|9,613|(19,332)|
|Cashflows(usedin)operatingactivities|(415,523)|(86,861)|
|Cashflowsfrominvestingactivities|||
|Purchaseofinvestments*|(32,472)|(20,864)|
|Proceedsondisposalofinvestments*|240,000|175,000|
|Interestreceived|43,166|24,930|
|Purchaseoffixedassets|(2,395)|-|
|Cashflowsgeneratedfrominvestingactivities|248,299|179,066|
|Net(decrease)/increaseincash|(167,224)|92,205|



||At1Apr2023|Movementincash|At31Mar2024|
|---|---|---|---|
||£|£|£|
|Cashatbank|577,285|(167,224)|410,061|





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||Unrestricted|Designated|Restricted|Totalfunds|
|---|---|---|---|---|
||funds|funds|funds|2023|
||£|£|£|£|
|Income|||||
|Donationsandlegacies|||||
|Donations,grantsandappeals|686,850||524,837|1,211,687|
|FCDOgrant|||2,552,398|2,552,398|
|Legacies|||5,000|5,000|
||686,850||3,082,235|3,769,085|
|Incomefrominvestments|23,109|62|1,759|24,930|
|Totalincome|709,959|62|3,083,994|3,794,015|
|Expenditure|||||
|Expenditureonraisingfunds|||||
|Fundraisingcosts|52,098||-|52,098|
|Poppysuppliesandfreightcharges|14,436|||14,436|
||66,534|||66,534|
|Expenditureoncharitableactivities|||||
|RCELwelfaregrants|625,755|102,661|500,345|1,228,761|
|FCDOgrants|-|-|2,541,944|2,541,944|
|Totalexpenditure|692,289|102,661|3,042,289|3,837,239|
|Netincome/(expenditure)before|||||
|investmentgains|17,670|(102,599)|41,705|(43,224)|
|Gainsoninvestmentassets|(22,932)|||(22,932)|
|Net(expenditure)/incomebeforetransfers|(5,262)|(102,599)|41,705|(66,156)|
|Transfersbetweenfunds|||||
|Netmovementinfunds|(5,262)|(102,599)|41,705|(66,156)|
|Totalfundsbroughtforward|1,717,506|138,668|123,540|1,979,714|
|Totalfundscarriedforward|1,712,244|36,069|165,245|1,913,558|





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||Unrestricted|Designated|<br>Restricted|Yearended|
|---|---|---|---|---|
||funds|funds|<br>funds|31Mar2024|
|||||Totalfunds|
||£|£|<br>£|£|
|Affiliationfees|240|||240|
|DonationsfromMemberOrganisations|240,000|||240,000|
|DonationsinkindfromMemberOrganisation|||||
|(seenotea)|62,880||-|62,880|
|Contributionsfromexternalfundsto|||||
|administration(seenoteb)|20,000|||20,000|
|Otherdonations|240,162||505,372|745,534|
||563,282||505,372|1,068,654|
||Unrestricted|Designated|<br>Restricted|Yearended|
||funds|funds|<br>funds|31Mar2023|
|||||Totalfunds|
||£|£|<br>£|£|
|Affiliationfees|260|||260|
|DonationsfromMemberOrganisations|240,000|||240,000|
|DonationsinkindfromMemberOrganisation<br>(seenotea)|60,346|||60,346|
|Contributionsfromexternalfundsto<br>administration(seenoteb)|34,222|||34,222|
|Otherdonations|352,022||524,837|876,859|
||686,850||524,837|1,211,687|
|a.ThedonationsinkindfromTheRoyalBritish|Legionweremadeupasfollows:-||||
||||Yearended|Yearended|
||||31Mar2024|31Mar2023|
||||£|£|
|Donationoflapelpoppies|||14,682|14,322|
|Freeofficeaccommodationandservices|||48,198|46,024|
||||62,880|60,346|
|||||24|





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||Yearended|Yearended|
|---|---|---|
||31Mar2024|31Mar|
|||2023|
||£|£|
|RoyalAirForceBenevolentFund||6,191|
|RoyalNavyBenevolentTrust||5,156|
|ABFTheSoldiers'Charity|20,000|20,000|
|TheOfficers'Association||2,875|
||20,000|34,222|



## 

|<br>Incomefrominvestments|||||
|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Yearended|
||funds|funds|funds|31Mar|
|||||2024|
|||||Totalfunds|
||£|£|£|£|
|Dividendincome|13,906||-|13,906|
|Interestonfixeddeposit|18,563|||18,563|
|Otherbankdepositinterest|7,002|135|3,560|10,697|
||39,471|135|3,560|43,166|
||Unrestricted|Designated|Restricted|Yearended|
||funds|funds|funds|31Mar|
|||||2023|
|||||Totalfunds|
||£|£|£|£|
|Dividendincome|16,541|-||16,541|
|Interestonfixeddeposit|4,203|||4,203|
|Otherbankdepositinterest|2,365|62|1,759|4,186|
||23,109|62|1,759|24,930|





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|<br>Fundraisingcosts|||
|---|---|---|
||Yearended|Yearended|
||31Mar2024|31Mar2023|
||£|£|
|Directfundraisingcosts|685|216|
|Supportcosts(seenote8)|43,058|51,882|
||43,743|52,098|



## 

|<br>RCELwelfaregrants|||||
|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Yearended|
||funds|funds|funds|31Mar|
|||||2024|
|||||Totalfunds|
||`£`|`£`|`£`|`£`|
|Fundsadministeredanddisbursedonbehalfofother|||||
|charities|||430,409|430,409|
|GrantstoMemberOrganisations|608,279||128,058|736,337|
|Projectgrants|16,306|||16,306|
|Welfaretourcosts|14,835|||14,835|
|Supportcosts(seenote8)|231,171|15,849||247,020|
||870,591|15,849|558,467|1,444,907|
||Unrestricted|Designated|Restricted|Yearended|
||funds|funds|funds|31Mar|
|||||2023|
|||||Totalfunds|
||`£`|`£`|`£`|`£`|
|Fundsadministeredanddisbursedonbehalfofother|||||
|charities|||464,783|464,783|
|GrantstoMemberOrganisations|437,208||33,141|470,349|
|Projectgrants|||2,422|2,422|
|Welfaretourcosts|21,338|||21,338|
|Supportcosts|167,208|102,661||269,869|
||625,754|102,661|500,346|1,228,761|





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|henumberofindividualcasesassistedduringtheperiodwasasfollows:-|||
|---|---|---|
||2024|2023|
||Number|Number|
|FromtheCharity'sownfunds|3,473|4,114|
|Fundsadministeredanddisbursedonbehalfofothercharities(Agency|485|544|
|work)|||
||3,958|4,658|



|7|FCDO||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Yearended|Yearended|
|||funds|funds|funds|31Mar|31Mar|
||||||2024|2023|
||||||Totalfunds|Totalfunds|
|||£|£|£|£|£|
|Income|||||||
|FCDO|income-welfare|||1,505,028|1,505,028|2,268,899|
|FCDO|income-operational|||363,807|363,807|283,499|
|||||1,868,835|1,868,835|2,552,398|
|Expenditure|||||||
|FCDO|welfaregrants|||1,519,777|1,519,777|2,155,161|
|FCDO|othercosts(seenote8)|||349,309|349,309|386,783|
|||||1,869,086|1,869,086|2,541,944|





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|||||Yearended|Yearended|
|---|---|---|---|---|---|
|||||31Mar2024|31Mar2023|
||Welfare|FCDOothercosts|Fundraising|Totalfunds|Totalfunds|
||£|£|£|£|£|
|Staffcosts(seenote9)|139,868|270,919|19,883|430,670|439,440|
|Conferences&meetings|20,673|25,050|2,819|48,542|137,778|
|Officeaccommodation&services|31,858|7,096|9,715|48,669|46,566|
|Travel&subsistencecosts|21,087|21,034|1,110|43,231|29,021|
|Deliveryexpenses||203||203||
|Othercosts|14,184|1,415||15,599|7,785|
|Legalcosts|4,959|(450)|2,442|6,951|10,020|
|Auditor'sremuneration||||||
|-<br>Audit|8,898|5,381|4,383|18,662|9,500|
|Accountancyservices|2,192|17,019|1,080|20,291|21,021|
|Annualreport|3,301|1,642|1,626|6,569|7,403|
|Total(seenotes5and6)|247,020|349,309|43,058|639,387|708,534|





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|Staffcosts|||
|---|---|---|
||Yearended|Yearended|
||31Mar2024|31Mar2023|
||Totalfunds|Totalfunds|
|Wagesandsalaries|302,620|303,390|
|Socialsecuritycosts|30,506|33,805|
|Pensioncosts(seenote11)|33,013|29,019|
|Staffinsuranceandhealthcare|11,255|13,943|
|Overseasprojectofficers(contractstaff)|53,276|59,283|
|Staffcosts|430,670|439,440|



|||2024|2023|
|---|---|---|---|
|||No.|No.|
|£60,001|-£70,000|1||
|£70,001|-£80,000|1||
|£80,001|-£90,000||1|



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|12<br>Intangiblefixedassets|||
|---|---|---|
||Website||
|Cost|||
|Balanceat1April2023|2,063||
|Additions|2,395||
|Disposals|(2,063)||
|Balanceasat31March2024|2,395||
|Depreciation|||
|Balanceat1April2023|2,063||
|Depreciationintheyear|303||
|Disposals|(2,063)||
|Balanceasat31March2024|303||
|Netbookvalue|||
|At31March2024|2,092||
|At31March2023|||
|13<br>Investments|||
||2024|2023|
|At1April|1,373,131|1,550,199|
|Additions|32,472|20,864|
|Disposals|(240,000)|(175,000)|
|Realisedandunrealisedgainsonportfolio|36,545|(22,932)|
|Marketvalueat31March|1,202,148|1,373,131|
|Historicalcostoflistedinvestments|279,068|486,596|
|Theportfoliodidnotincludeanyindividualshareholdingsinexcessof5%ofthetotal.|||
|Thesplitoftheholdingswasasfollows|2024|2023|
|Listedinvestments|543,328|612,874|
|Cashbalances|658,820|760,257|
|||30|





## 

|14|Debtors|||
|---|---|---|---|
|||2024|2023|
|||£|£|
|Prepayments||3,028|9,573|
|Other|debtors|712|3,830|
|||3,740|13,403|
|15|Creditors:amountsfallingduewithinoneyear|||
|||2024|2023|
|||£|£|
|Taxationandsocialsecurity||8,389|10,294|
|Accruals||34,206|23,129|
|Deferredincome||15,000|15,000|
|Other|creditors|2,279|1,838|
|||59,874|50,261|





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||At1April2023|Income|Expenditure|Gainson|Transfer|At31Mar2024|
|---|---|---|---|---|---|---|
|||||investments|betweenfunds||
||£|£|£|£|£|£|
|Accumulatedfund|1,712,244|602,753|(929,189)|36,545|(30,000)|1,392,353|
||At1April2022|Income|Expenditure|Gainson|Transfer|At31Mar2023|
|||||investments|betweenfunds||
||£|£|£|£|£|£|
|Accumulatedfund|1,717,506|709,959|(692,289)|(22,932)||1,712,244|





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|7<br>Designatedfunds||||||
|---|---|---|---|---|---|
||At1Apr2023|Income|Expenditure|Transfer|At31Mar2024|
|||||betweenfunds||
||f|f|f|£|£|
|ConferenceFund|33,276||(15,849)|30,000|47,427|
|StaffContingencyFund|2,793|135|||2,928|
|Total|36,069|135|(15,849)|30,000|50,355|
||At1Apr2022|Income|Expenditure|Transfer|At31Mar2023|
|||||betweenfunds||
|ConferenceFund|135,937|-|(102,661)||33,276|
|StaffContingencyFund|2,731|62|-||2,793|
|Total|138,668|62|(102,661)||36,069|





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||At1Apr|Income|Expenditure|At31Mar|
|---|---|---|---|---|
||2023|||2024|
||£|£|£|£|
|FCDO|1,546|1,868,835|(1,869,086)|1,295|
|TheAskariAppeal|58,193|2,829|-|61,022|
|PrincePhilipLodgeFund|163|-|-|163|
|AuchinleckAppeal|22,163|731|(22,894)|-|
|Legacy:IndianArmyAssociation|31,031||-|31,031|
|TRBLWomen'sSection|11,339|-|(465)|10,874|
|QueenMary'sRoehamptonTrust||20,000|(20,000)|-|
|AfricanVeterans||30,000|(30,000)||
|RARZimbabwe||12,943|(12,943)||
|MStJWayCharitableTrust|30,000|-|(30,000)|-|
|Fundsadministeredonbehalfofother|||||
|charities(agencywork)|10,810|430,674|(430,410)|11,074|
|Otherrestrictedgrants||11,755|(11,755)||
||165,245|2,377,767|(2,427,553)|115,459|
||At1Apr|Income|Expenditure|At31Mar|
||2022|||2023|
||£|£|£|£|
|FCDO|(8,908)|2,552,398|(2,541,944)|1,546|
|TheAskariAppeal|54,778|3,415||58,193|
|PrincePhilipLodgeFund|163|-||163|
|AuchinleckAppeal|21,771|5,392|(5,000)|22,163|
|Legacy:IndianArmyAssociation|31,031|-||31,031|
|TRBLWomen'sSection|11,788|-|(449)|11,339|
|QueenMary'sRoehamptonTrust|-|20,000|(20,000)||
|AfricanVeterans|2,422|-|(2,422)||
|MStJWayCharitableTrust|-|30,000||30,000|
|Fundsadministeredonbehalfofother|||||
|charities(agencywork)|10,495|465,098|(464,783)|10,810|
|Otherrestrictedgrants||7,691|(7,691)|-|
||123,540|3,083,994|(3,042,289)|165,245|





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## 

||Unrestricted|Designated|Restricted|Totalfunds|
|---|---|---|---|---|
||funds|funds|funds|2024|
||£|£|£|£|
|Intangibleassets|2,092|-|-|2,092|
|Investments|1,202,148||-|1,202,148|
|Currentassets|247,987|50,355|115,459|413,801|
|Currentliabilities|(59,874)||-|(59,874)|
||1,392,353|50,355|115,459|1,558,167|
||Unrestricted|Designated|Restricted|Totalfunds|
||funds|funds|funds|2023|
||£|£|£|£|
|Intangibleassets|||||
|Investments|1,373,131|-|-|1,373,131|
|Currentassets|389,374|36,069|165,245|590,688|
|Currentliabilities|(50,261)|-|-|(50,261)|
||1,712,244|36,069|165,245|1,913,558|



## 

## 

||31Mar2024|31Mar2023|
|---|---|---|
||Totalfunds|Totalfunds|
||£|£|
|TheRoyalBritishLegionannualdonation|240,000|240,000|
|TheRoyalBritishLegion(seenote4a)|62,880|60,346|





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