Charlty Reglstratlon Number: 1183992 The Devonshire and Dorset Regimental Trust Unaudited Financial Statements 31 December 2025 PID SM Accountancy Servlce8 (South West) Ltd Chartered Certified Accountants Irr
The Devonshire and Dorset Regimental Trust ststement of Financial Activities Year Ended 31 December 2025 Page Trustees, annual report Independent examinerfs report to the Trustees Statement of financial activities Statement of financial position Notes to the financial statements
The Devonshire and Dorset Regimontal Trust Trustees. Annual Report Year ended 31 December 2025 The Trustees present their report and the unauth'ted financaal statements of the Charity for the year ended 31 December 2025. Reference and admlnlstratlve detalls Reglstered Charfty name The Devonshire and Dorset Regimental Trust Charlty reglstratlon number 1183992 Prfnclpal offlce Vfyvem Barracks Barrack Road Exetsr Devon EX2 6AR The Trustees Brig Simon Young CBE DL Brig Richard To0Y CBE DL Lt Gen Alexander Storrie CB CBE Brig Carf Boswell Col Christopher Beattie Lt Col Geofftey Nicholls Lt Col Wlliam Shae MBE Capt Jeremy Arther 1 Alan Hincke Capt Michael Jarrett Brig Neville Homles MBE Ms Rosemarie Harrod Independent examlner Stephen Morton FCCA SM AccountanGy Services (South West) Ltd 10 Victoria Place Budlelgh Salterton EX9 6JP Structure, governance and management Governlng document The Devonshire and Dorset Reglmental Trust Is a Charitable Incorporated Organlsation established on the 20 June 2019. It is a registered charity, number1183992. Brought aboutfrom the amalgamation oflwo active charities to one. This made the Regimental Charlty (Number 1054968) and Reglmental Association Charity (Number los43) redundant and they have been dosed. Rl8k Management The TNstee8 have assessed the major rlsks the Charity fac£s arKI are satlsfled that the systems are In place to mibgate its exposure to them.
The Devonshire and Dorset Regimentsl Trust Trustees. Annual Report Year ended 31 December 2025 Objectlves and actlvltles The obj'ective of the Charity is to promote the efficiency of the Army for the public benefit, in particular but not exdusively by: Maintaining contact between past and present members of the Devonshire and Dorset Regiment (and any successor Regiment or unit, induding The Rifles) (°The Regimenf) and the former Regiments: The Devonshire Regiment, The Dorset Regiment and affiliated reserve and Cadets Unit (the former Regiments), fostering mutual friendship belween them. and providing opportunities to enable serving and former members to mix together, Fostering esprit de corps, comradeship, and the welfare of The Regiment and its members; Preserving the traditions and heritage of The Regiment and former Regiments, In particular by: i) Providing for the upkeep and maintenance of museums associated with The Regiment or the former Regiments and their contents for the acquisltion of new exhibits relating to The Regiment or former Regiments for public display at suth museums; and ii) Providing for the preservation and maintenance of memorials, wherever they may be, and chapels in public places of worship associated with The Regiment or any of the former Regiments; ProviOrrfJ for the general benefit of bodies connected to The Regiment or the fOrnr Rlma. and Provirfiro relief to past and present members of The Regiment or former Regiments and their depeIents who are in conditions of need, harfship or distress. Achlevements and perforniance The Annual Reunicn retymed ce again to Exeter with the Drumhead Servlce sited on Cathedral Green near the Memorial and the AGM and main Reunion held at the Chevalier Inn, Exeter. A good tum4)ut from rnber8 ar)J thelr families, meeting up with old MradeS and friends, embraang the RIFLES famlly. Branches crntlnue to be active and remaln In touch wlth members by sodal medla and regular branch meets'ngs. The annual Nsletter, valued by all and publlshed In March eath year, continues to be the backbone of Reglmental connecuvity and18 well worth the cosL The monthly Janner was re- introduced and sent far and wide to our members, Funerals were represented on every occaslon by our 8talwart Standard Bearers paylng their respects to comrades, someb'mes travelllng way outside the County. Remembrance events were well supported In Devon and Dorset and members travelled to London to tske part in the Cenotaph Parade and Field of Remembrance. Battlefield trips continue to be organised and are such an Integral part of our hlstory. The tharity c£>ntinues to support all aspects of the Reglment and members of the Association.
The Devonshire and Dorset Regimental Trust Trustees. Annual Report Year ended 31 December 2025 Flnanclal revlew During the year the incoming resources totalled The totsl expenditure for the year was £17, £66,6C (£30,765 - 2024) (£60,653 - 2024) The Charity arded grants during the year totalling £21,254 (£14,911 2024) Investment Pollcy The investrnt portfolio continues to be managed by Schroders and is overseen by The Rifles Investsnent CmmIttee. Publlc Benefft In plarniro r activities for the year we kept in mind the Charity Commission guidance on public benefiL Reserves Pollcy The TrUStS are satisfied that the level of reserves, as sh(Nn in the balance sheet, is adequate to COV8r known and anticipated costs In the short term. Current assets are enough to cover anticipated costs in the rxt 12 rronths. £879,184. of the Charitys reserves are held in long term assets which are there to continue to generate income for the Charity in the future. The reserves policy is reviewed annually. The Trustees, Arnja Report was apFxoved on the 10° April 2026 and slgned on behalf of the Board of Trustees by: 6 S NickoUI Brig Slmon Ycxjng CBE DL Trustee Lt Col G S Nitholls Trustee
The Devonshire and Dorset Regimental Trust Independent examiner's report on the accounts Year Ended 31 December 2025 l port to the Trustees on my examination of the accounts of The Devonshire & Dorset Regimental Trust (Ihe Chari) for the year ended 31 December 2025 Responsibilities and basls of report As the chaiity Trustees of the Trust, you are responslble for the preparation of the accounts in accordance th the requirements of the Charities Act 2011 (Ihe Acr). I report in SPect of my examination of the Trust's accounts carrled out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention (other than that disdosed bel ) in connection with the examination which gives me cause to believe that in, any material rEspecL accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Stephen Morton FCCA Independent Examiner SM Accountancy Servlces (South West) Lld 10 Victorfa Place Budleigh Salterton Devon EX9 6JP
The Devonshire and Dorset Regimental Trust Statement of Financial Actlvitles Year Ended 31 December 2025 2025 2024 Unrestrlcted Total funds Total funds funds Note Income and endownments Donations and legacies Charitable activities Investment Income 4,288 3,512 10,196 4,288 3,512 10,196 9,867 6,871 14,027 Totsl Income 17,996 17,996 30,765 Expenditure Expendlture on charltsble actlvities 4,5,6 66,606 66,606 60,653 Total expenditure 66,606 66,606 60,653 Net galns noss (-) on investments 73,650 73,650 80,800 Net Income and net movement In funds 25,040 25,040 50,912 Reconciliation of funds Totsl funds bought forward 922,594 922,594 871,682 Totsl funds carried forward 947,634 947,634 922,594
The Devonshlre and Dorset Reglmental Trust Statement of Flnanclal Positlon 31 December 2025 2025 2024 Totsl funds Total funds Note Flxed Assets Tangible fixed assets Investments 86 879,184 115 870,534 879,270 870,649 Current assets Debtors Cash at bank and in hand 7,554 66,006 73,560 8,354 48,497 56,851 Creditors: amounts falllng due wlthln one year 5,196 4,906 Net current assets 68,364 51,945 Total assets less current liabllltles 947,634 922,594 NEf ASSETS 947,634 922,594 Funds ofthe charity Unrestricted funds 947,634 922,594 TOTAL CHARITY FUNDS 947,634 922,594 These financial ststements were approved by the Board of Trustees and authorlsed for Issue on the 10th Aprll 2026, and are signed on behalf of the Board by: 6 S Ni6holl Brlg Slmon Young CBE DL Trustse Lt Col G S Nlcholls Trustee
The Devonshlre and Dorset Regimental Trust Notss to the Financlal Statements Year Ended 31 December 2025 1 Donations and legacles 2025 Unrestricted Totsl funds funds 2024 Unrestricted Total funds funds Donatlons Legacies & Donatlons Gift Aid 3,114 1,174 4,288 3,114 1,174 4,288 8,914 953 9,867 8,914 953 9,867 2 charILle activities 2025 Unrestrlcted Total funds funds 2024 Unrestricted Total funds funds Charftsble artlvftles Reunion Lottery 3,512 3,512 6,871 6,871 3,512 3,512 6,871 6,871 3 Investment Income 2025 Unr•strlcted Total funds funds 2024 Unrestrlcted Total funds funds Investment Income Income from Ilsted Investments Bank Interest recefvable 9,533 663 9,533 663 13,144 883 13,144 883 10,196 10,196 14,027 14,027
The Devonshire and Dorset Regimental Trust Notes to the Flnanclal Statements Year Ended 31 December 2025 4 Expendlture on charltable actlvltles by fund type 2025 Unrestrlcted Total funds funds 2024 Unrestrlcted Total funds funds All activities Support costs Exceptlonal costs of charitsble actNlties 39,565 2,279 24,762 39,565 2,279 24,762 40,605 2,176 17,872 40,605 2,176 17,872 66,606 66,606 60,653 60,653 5 Analysls of support costs Analysis of Totsl support costs 2025 Totsl 2024 Governance costs Trustees, expenses 2,234 45 2,234 45 2,142 34 2,279 2,279 2,176 6 Exceptlonal costs of charftable actlvltles Total 2025 Total 2024 Grants Keep Mllitsry Museum- Dorchester Exeter Cathedral Sherborne Abbey Fovant Badges Chapels & Memorlals BACSA Exeter Flowers 18,494 250 250 600 1,135 25 500 13,286 750 250 600 25 Totsl grants 21,254 14,911 Repalrs and Malntenance of Chapels & Memorlals 3,508 2,961 24,762 17,872
The Devonshire and Dorset Regimental Trust Notes to the Financial Ststements Year Ended 31 December 2025 7 Staff costs The average head count of employees durlng the year was I (2024: 1). No employee receNed employee benefits of more than £60,000 during the year (2024: Nil). 8 Trustee remuneratlon and expenses No remunerdtion or other benefits from employment with the charity or a related entfty were receNed by the tnstees. During the year one trustee was reimbursed expenses incurred on behalf of the charity totslling £45 (last year, one trustee was remibursed £34). The Reglmentsl Secretary receNed a gross salary of £11,375 in 2025 (2024 £11,000). The Re8irnental Assn Sec receNed an honorarium of £5,000 (2024 £5,000). 9 Investments Llsted Investments Cost or valuatlon At l January 2025 Additlons Disposals Falrvalue m(wements 870,534 65,000 73,650 At 31 December 2025 879,184 10 Related partle8 There were no further related party transactlons to dlsclose durln8 the year oth•r than those dlsclosed In the Trustee remuneratlon and expenses not•.
The Devonshire and Dorset Regimental Trust Notes to the Financial Statements Year Ended 31 December 2025 11 Analysls of All Actlvities expenditure Total 2025 Total 2024 Staff Costs Annual Reunion Newsletter Insurance Sundries Minibus Assn Expenses Funeral Mileage Remembrance Battlefield Tours 11,176 1,541 11,274 1,287 3,617 2,361 6,532 1,581 125 10,841 4,072 11,332 1,327 345 1,551 6,463 885 433 2,535 750 71 Welfare 71 Totsl 'AII Activtties, expenditure 39,565 40,605