2024-09-30-accounts - The Women's Royal Army Corps Association (Incorporating Queen Mary's Army Auxiliary Corps And Auxiliary Territorial Service Comrades Association)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Women’s Royal Army Corps Association Annual Report 2024

Celebrating and Supporting Female Veterans

Vision

To provide camaraderie, benevolence and mutual support to former members of the ATS and WRAC, and exert influence within the military charity sector to broaden support for female veterans.

Brig Clare Phillips CBE presented Lu Tait with her beret and cap badge in the first of many ceremonies which will see the WRAC Association restore berets and cap badges to those of our veterans who were affected by the pre-2000 ban on LGBT serving personnel in the military

Vice President Brig (Retd) Fiona Gardner CBE

In the year that we celebrated 75 years since the formation of the Women’s Royal Army Corps, the Association continued to thrive and grow; building support to our branch structure, welcoming new members, and participating at local and national events throughout the year. To mark this special anniversary our members gathered in Guildford, our spiritual home where we hold the Freedom of the Borough, for a special tea and evensong at the cathedral.

The Association has implemented a number of governance changes which included a restructuring of our paid staff to better align our resources and outputs. The Benevolent Fund and the Association HQ Fund were combined, thereby ensuring the financial sustainability of the Association and enabling more effective support to our members until the charity’s natural demise.

Continuing to enhance our voice and visibility within the military charity sector and more widely, we were proud to be invited by the Army to participate in the restorations of berets and cap badges to those impacted by the pre-2000 ban on LGBT serving personnel, one of the recommendations of the Etherton Review. Starting in Perth, we were delighted to begin the presentations at our Scotland and Northern Ireland AGM, and look forward to continuing this important process across the UK.

The Female Veterans’ Transformation Programme (FVTP) continues to make excellent progress toward an agile toolkit meeting the needs of a range of service providers. The FVTP is the primary focus of our influence pillar, and supporting it through to conclusion in September 2026 ensures its enduring legacy remains a priority.

Please enjoy this short trip through some of our achievements during 2023/24 as we continue to support and celebrate female veterans.

Chief Executive Officer Paula Rogers

A year of challenge and change has built a strong foundation to support the ambitious plans we have for our charity. The strategic review of the staff structure allowed our HQ team to develop and grow our offering and support to members and improve key areas of delivery. In the summer we moved our HQ base from a commercial space back into MOD property, and are now proudly hosted by the Army Training Regiment at Sir John Moore Barracks, Winchester. Surrounded by the serving community everyday, particularly those at the very beginning of their Army careers increases our connection to our members’ experience and grounds us in the ethos of service.

Within the wider veteran services and charity sectors we maintain strong influence. Working with the Office for Veterans’ Affairs on their Strategy Action Plan we have ensured the needs of female veterans are considered within every strand, and our Armed Forces Covenant Fund Trust and NHS England funded work - the Female Veterans’ Transformation Programme, is now strongly positioned to deliver meaningful outputs to support and celebrate female veterans.

The Single Cap-badge Associations Network has ensured that throughout the year our colleagues from across the Royal Navy, British Army and RAF continue to share best practice through the exchange of ideas and information. As one of the Network’s four lead organisations we champion the needs of female veterans as well as the benefits of maintaining contact with cap badge associations after leaving service. We have joined the Cobseo Justice Cluster to increase support and understanding of female veterans within the justice system, and as a member of the Cobseo Executive committee we ensure that the female veteran voice is acknowledged and amplified.

Life Vice President Col (Retd) Audrey Smith OBE and CEO Paula Rogers at the mayor-making of WRAC veteran Maj (Retd) Sallie Barker MBE, now the Worshipful Mayor of Guildford where the WRAC retains the Freedom of the Borough

Our dedicated staff team could not achieve all that we do without our wonderful volunteers. Across the UK we are supported by people giving up their time to organise local events, maintaining contact with isolated veterans, or writing for the magazine, as well as supporting our governance structure through trusteeship and auditing. Our volunteer contingent comprises civilians, serving personnel and scores of veterans who continue to serve those who served. They sum up what being a ‘Lioness’ means to them.

I volunteer as an editor of the Lioness magazine to help our association which has given me so much fun and camaraderie. The Lioness means a great deal to our members so I’m proud to contribute to the content. Life is a team game and I enjoy being part of a group of folk getting things done. Babs Anderson, WRAC 1968-1973

Organising events for the Lionesses from running the 10k to bartending the beer festival, I want to give other veterans the chance to reminisce and relive that “esprit de corps” we all enjoyed during our service. I am a team player, we have this bond and I would seriously be lost without it. Wendy Hooton, WRAC 1972-1990

As a serving servicewoman I volunteer as a branch organiser with the WRAC Association to show how much those who still serve recognise and respect the trailblazers who came before us. Our shared military service allows us to build our strong community.

Sgt Stephanie Kolvik, AGC, serving since 2013

As an area coordinator I know how much members appreciate the time we take to visit the groups and branches - offering time is important if you’re passionate about something. I am proud to be a conduit between HQ and branches, working together to maintain the bonds we all felt as WRAC. Amanda Foster, WRAC TA 1982-1986, ACF 1986-2001

Volunteering for the Association allows me to see the fruits of what we continuously deliver, supporting members to thrive within our veteran family in so many ways. Eight years as a trustee and HR lead has ensured the skills I developed in the Army continue to support the military community. Barbara Johnson, WRAC 1979-1989

Chair of the Membership Council Lt Col (Retd) Rowena Naile MBE

The Association’s national, regional and local events continue to further our Object of fostering esprit de corps and comradeship. In line with our strategy to provide events around the country to support all our members, we held our annual summer event in Wigan. Partnering with Mission Motorsport we took over the Three Sisters Racetrack, attracting members who had not attended a national event before as well as regular attenders; and with the Yorkshire Military Band playing Sweet Lass of Richmond Hill it certainly achieved the aim of bringing together our pride of Lionesses.

Work continues to provide the very best package to veterans of the ATS and WRAC as well as women serving in today’s armed forces, and those veterans of the Royal Navy and Royal Air Force who have chosen to join our vibrant community. Our biggest achievement to assist our members in the past year has been the reduction of subscription charges to zero. As a result, the membership has grown by over a third to more than 4000 women, and this has led to new branches forming, both face-toface groups and those that meet on-line, enabling closer comradeship amongst the female veteran community.

The Lionesses and the Chatsworth Ladies’ Cricket team

Throughout the year our veterans have met in groups small and large, and been proud to attend events including Founders Day at the Royal Hospital Chelsea, the Not Forgotten Buckingham Palace Garden Party and Remembrance parades across the UK and the world. Our members have shared their exploits through our bi-annual magazine and our vibrant social media community, ensuring the bonds which tied them in service continue to connect them today.

TV star Linda Robson was just one of the celebrities we spotted enjoying the latest edition of the Lioness at Buckingham Palace

Making memories

75th Anniversary of the WRAC

Many of our members travelled to Guildford Cathedral to mark the 75th anniversary of the WRAC. A wonderful afternoon tea in the cathedral cafe gave us an opportunity to catch up and thank our outgoing National Standard Bearer, Sharon Baker-Joyce with a presentation.

During the Evensong service lessons were read by Lt Col (Retd) Rowena Naile MBE and Col (Retd) Audrey Smith, whilst our Honorary Padre, the Reverend Susan Wing, led the intercessions. Our National Standard was handed over to Elaine Osborne in a solemn and dignified ceremony at the end of the service.

Deputy National Standard Bearer Elaine Osborne accepted the WRAC Standard from the outgoing National Standard Bearer, Sharon Baker-Joyce

Being in the WRAC Association means we all share similar experiences of service life. It’s a real sisterhood. Together we look after each other, we help each other, we’re always there.

“If somebody wants to talk or needs a helping hand or whatever, there’s a great source of emotional support available. Sharon Baker-Joyce

Mixing business with pleasure

The Victory Services Club in London was the venue for our AGM in March. Our AGMs provide an opportunity for our members to participate in the business of the day, whilst catching up with old friends and making new connections. The main meeting was followed by a delicious afternoon tea.

----- Start of picture text -----
Brig Clare Phillips CBE talking to Joan Bartlett at
the Scotland and Northern Ireland Area AGM
----- End of picture text -----

The Scotland and Northern Ireland Area AGM was held in Perth. During the AGM Brig Clare Phillips CBE joined us as we began to restore berets and cap badges to those members of our LGBT community who were dismissed prior to 2000. Guest speaker Scottish Veterans Commissioner, Lieutenant Commander (Ret’d) Susie Hamilton enjoyed the warm welcome of fellow female veterans as she updated our members on the work her office is doing for veterans across the nation.

Wales and the West region hosted their AGM and annual reunion in Cardiff where Association CEO Paula Rogers also used the AGM to announce Cardiff as the venue of the 2025 Grand Reunion to an appreciative home crowd.

Wales and the West AGM

Summer event - Mission Motorsport

Our Lionesses at the Three Sisters Race Circuit

Our annual summer get-together saw members reunite at the Three Sisters Race Circuit for a fantastic track day organised by the military charity Mission Motorsport, whose volunteer drivers gave the ladies the ride of their lives in their supercars.

Some of our thrill-seeking members at the Summer Event

Remembering those who went before

Veterans of the WRAC ensure those who went before are never forgotten, and that women and girls considering a career in the Armed Forces are inspired by those who have served. Occasions such as Armed Forces Day and Remembrance Sunday allow members to proudly represent our Association and raise the visibility of female veterans.

----- Start of picture text -----
Gathering on Horse Guards Parade
----- End of picture text -----

----- Start of picture text -----
Remembrance at the Bank of England
----- End of picture text -----

----- Start of picture text -----
Marking Remembrance in Tenerife
----- End of picture text -----

----- Start of picture text -----
Armed Forces Day in Plymouth
----- End of picture text -----

----- Start of picture text -----
Birmingham, Manchester and Tamworth branches
at the National Memorial Arboretum for Armed
Forces Day
----- End of picture text -----

From the UK to Ukraine: meeting the ministers

The WRAC Association’s reputation for being at the forefront of the work to support female veterans has reached the heart of government and spread further than the four nations of the United Kingdom.

We met with Johnny Mercer, the Minister of State for Veterans’ Affairs, throughout the year; at the Cabinet Office alongside other key stakeholders in the veteran space and at Armed Forces Day in Plymouth as we promoted the Female Veterans’ Transformation Programme. The Minister has engaged strongly with the WRAC

Association as the OVA seeks to prioritise Female Veterans in its Strategy and shared his encounter with Liza, our FVTP Lead, on his social media accounts.

We heard from representatives from the office of Ukrainian MP Iryna Nykorak, Chair of the Subcommittee on Veteran Rehabilitation of the Ukrainian Parliament and founder of “Arm Women Now” aimed at empowering women defenders in the Armed Forces of Ukraine. The Minister and her team sought our advice on how to better prepare their women involved in the war in Ukraine for life after military service, and support those who have already become veterans. Senior staff from the

WRAC Association met with MP Nykorak and her team online and were proud to be able to offer meaningful support and advice to benefit the female veterans of Ukraine.

Prime Minister Rishi Sunak attended the launch of the Norfolk Poppy Appeal, led by WRAC Area Coordinator and Poppy Appeal Manager for Norfolk, Lyn Hatch. The Prime Minister shared the photos of the day on his X account. Lyn said:

It was an honour to meet the Prime Minister and hugely rewarding for him to take the time to chat with all of us and understand how much veterans continue to give to their communities.

The Lioness

Our members receive two editions of the Lioness magazine each year. The magazine connects our members, sharing the special events, activities and achievements that build upon our esprit de corps even when we are apart.

The Lioness gets better and better. It gives me a sense of belonging and even though I can’t manage to get to events now I see the photos and I feel like I’m back with the girls.

Social media

Our Facebook followers enjoy engaging with our content, posting comments and questions. In 2024 we began posting the results of our benevolence grants. We also use our Facebook account to support new branches, publicising launch events and local branch activities.

It’s great that we have Facebook for all the news and events in between editions of the Lioness.

An old friend I served with in Germany popped up on the WRAC Facebook page. It was wonderful to connect with her again.

The WRAC Association is the only Facebook friend I need - it’s like a reunion that never ends.

Chair of the Benevolent Fund Grants Committee Maj (Retd) Monica Jones

The Benevolent Fund has continued our vital work providing financial assistance and support to those in need within our veteran community. Demand for one-off grants has doubled, including items such as home adaptations and repairs, priority debt and mobility aids, whilst the request for short term financial support has decreased.

Our Membership Support Grants ensure that members can attend local and national events where their finances might otherwise have prevented them from attending. Uptake of these grants increased fivefold in the last year improving their circle of support and overall wellbeing. Annual Maintenance Grants offer regular charitable payments to female veterans across the UK, with an additional two overseas applications granted this year.

We closely monitor the outcomes of our Veterans Charity partnership, which began last year, to ensure swift targeted financial assistance reaches those most in need. This collaboration enhances our ability to provide timely and meaningful support.

Our Major Grants Committee comprises members, branch organisers, area coordinators, trustees and life vice-presidents, ensuring that a wide breadth of experience and skills came together throughout the year to assess each application, and make the best holistic decisions on a case-by-case basis as we strive to support our community of ATS and WRAC veterans. The dedication of our committee members remains instrumental in enabling us to fulfil our mission. Our financial position remains strong, and prudent financial management enables us to allocate additional resources next year to meet the evolving needs of our beneficiaries.

A hand up, not a handout

Support from the WRAC Benevolent Fund makes a real difference to our veterans, enabling women to improve their circumstances and empowering some to get their lives back on track.

Receiving financial support is something many proud veterans prefer to keep private, however some beneficiaries are happy to share their story with others in the hope that they will inspire more struggling veterans to come forward.

Jayne Tait requested help from us as her health and mobility deteriorated. Having supported Jayne several years ago to fund home improvements to make her home warmer, we were able to award a further grant in this financial year to help her purchase a folding mobility scooter.

It has allowed me to do shopping that I previously wouldn’t be able to do and I am also looking forward to visiting gardens. It folds like magic!

Jayne Tait collects her folding mobility scooter, which neatly fits in the boot of her car

I very much appreciate with all my heart what the WRAC have done for me and cannot say thank you enough.

Care Worker Jayne Rowlands was unable to continue working after an accident at work. Jayne contacted us because of her situation, and we were able to award her a Benevolent Fund Supplement, giving her a weekly amount to spend on essential groceries.

Female Veterans Transformation Programme

The Female Veterans Transformation Programme launched phase one of our research to establish the needs of female veterans and ensure important evidence is more accessible to a wider audience. As a team we read and reviewed over 60 research papers from across the UK and created the Evidence Review and Statement of Need documents to underpin our work.

We also started to develop the branding for the programme and employed the skills of Hubble, a veteran-run design company, who created our logo, website (fvtp.org.uk) and infographics, including the Statement of Need.

When we moved into phase two, our consultation and codesign stage of the programme, we wanted to hear from female veterans and services that support and ask ‘what does good service provision look like?’ We launched an online questionnaire and held workshops in person and online. This process captured the views of over 800 women from all services, ranks, and lengths of service across the UK. The responses and themes were analysed at the end of summer 2024, with the report due in early 2025.

The themes that emerged from the codesign phase will inform the development of the toolkit and make sure that services can provide the right services, in the right way and at the right time for female veterans.

Proud to work alongside:

Statement of Need

What the evidence tells us are the needs of female veterans

----- Start of picture text -----
IDENTITY
Less than
Women often do not
identify with the term 31%
‘veteran’ and face of women who
specific, complex identify as a have served
and multi-layered veteran [1]
issues as a result
of their service.
----- End of picture text -----

WHAT DO FEMALE VETERANS NEED?

Recognition of the specific needs of female veterans
Empowerment for women to define their military service in their own terms

ACCESS TO SERVICES

Women often don’t access veteran facing services as they are seen to be male dominated and not able to meet their needs.

WHAT DO FEMALE VETERANS NEED?

Women need to feel welcome, equal and able to access veteran support services
Services should be personalised based on the individual’s needs and what matters most to that person
Professionals need to have greater awareness, understanding of the specific needs of women and respond in a way that makes a difference to them
Services should inquire about military service inclusively, rather than using singular terms like "veteran"
Special attention to the impact of Services Bans (marriage, pregnancy, and gay bans)
Provision of support for those negatively affected, especially LGBTQ+ individuals

----- Start of picture text -----
DISTRUST AND
MORAL INJURY
Women often feel
betrayed and let down
by the Military as they did
not respond to their needs,
complaints and requests
for help and support. WHAT DO FEMALE
VETERANS NEED?
Recognition that this
may affect interaction
or lack thereof with
services.
----- End of picture text -----

BULLYING, DISCRIMINATION, HARASSMENT AND SEXUALLY INAPPROPRIATE BEHAVIOURS INCLUDING ASSAULT AND RAPE

A significant percentage of women have faced or witnessed one or more of these issues during service.

----- Start of picture text -----
85% felt that they were of women reported
treated 73% witnessing or
differently to their male experiencing sexual discrimination [2]
counterparts
WHAT DO FEMALE VETERANS NEED?
● The widespread and insidious impact of this issue needs to be
acknowledged and accepted across the sector so women feel
seen and heard and therefore supported in a way that reduces
shame and stigma
----- End of picture text -----

Where appropriate and needed, services should be female only, delivered by women

TRANSITION, EMPLOYMENT AND FINANCE

----- Start of picture text -----
of women feel they had received 44%
60% for life as a little support or preparation of women report[ing]ed being unemployed for long periods of time [5]
civilian [4]
----- End of picture text -----

Resulting in:

WHAT DO FEMALE VETERANS NEED?

● Fewer financial struggles

Women need better and more targeted support during transition to find appropriate and sustainable employment taking into account caring responsibilities.

Less impact on mental health due to loss of identity
Less likely to get involved in criminal activity

PHYSICAL AND MENTAL HEALTH

‘Women in the British Army have been found to be seven times more likely than men to suffer from musculoskeletal injuries……they are ten times more likely than men to suffer from hip and pelvic stress fractures[3]

Women are often left with long term impact on their physical and mental health as a result of service.

AREAS OF LITTLE EVIDENCE

There are many areas that still are largely under researched and therefore no practical action is Only being taken to improve the situation. 2% WHAT DO FEMALE VETERANS NEED? of veteran More research and data capture is needed to better research understand specific issues for female veterans such as focuses on females[6]

----- Start of picture text -----
WHAT DO FEMALE VETERANS NEED?
----- End of picture text -----

More research and data capture is needed to better understand specific issues for female veterans such as the criminal justice system, race and faith, care services, loneliness, digital poverty and accessibility and Reservists.

WHAT DO FEMALE VETERANS NEED?

Women’s specific health needs as veterans need recognising and professionals to have a better understanding of the potential causes
Women need to feel confident to declare their military service and be supported into specific Armed Forces pathways where appropriate and wanted
1 Lauren Godier-McBard, Nicola Gillin and Matt Fossey, We Also Served: The Health and Wellbeing of Female Veterans in the UK (Chelmsford: Anglia Ruskin University, 2021), 104. 45 Edwards and Wright, Edwards and Wright, No Man’s LandNo Man’s Land , 16, 18
23 Paula Edwards and Tony Wright, No Man’s Land, (Dudley: Godier-McBard, Gillin and Fossey, Salute Her UK, 2019), 5. We Also Served , 30 6 Christina Dodds and Matthew Kiernan, “Hidden Veterans: A Review of the Literature on Women Veterans in Contemporary Society,”(2019): 2. Illness Crisis and Loss 27, no. 4

To find out more visit www.fvtp.org.uk

Supporting our female veterans

Requests for assistance most commonly granted by our Benevolent Fund

6% Adapted beds 8% Funeral costs

45% 6% Household goods Adapted beds 8% 20% Funeral costs Other 9% 12% Help with debt EPVs

Reaching & engaging with our members and the veterans community

6,800 Copies of the Lioness distributed

27,600 Website visits

5,400

77,300

Facebook reach

Facebook followers

Growth in our membership 2023-2024

----- Start of picture text -----
2024
----- End of picture text -----

2023

£215,291.23 128 successful was spent requests for by the assistance Benevolent were Fund successful

0 500 1000 1500 2000 2500 3000 3500 4000 4500

Looking to the future

Message from the Vice President, Brig (Retd) Fiona Gardner CBE

We start the next year with a full programme of activities in Guildford where we will celebrate the 60th anniversary of the opening of Queen Elizabeth Barracks, and commemorate the 50th anniversary of the Guildford pub bombings, remembering Private Ann Hamilton and Private Caroline Slater who lost their lives that day. There we will continue the restoration of berets and cap badges to WRAC veterans who were impacted by the pre-2000 ban on gay serving personnel, with more presentations to come throughout 2025. It will be a privilege and a pleasure to welcome into the Association as many ladies as possible who have been alienated from the veteran family.

We will conclude a ‘light touch’ Strategic Review to ensure our strategic objectives remain appropriate and make any minor changes required, pending a full review aligned to the conclusion of the Female Veterans Transformation Programme (FVTP). We remain committed to supporting the FVTP in the development of an agile toolkit for service providers to female veterans.

We look forward to our triennial Grand Reunion in Cardiff in March, always the highlight of the calendar, as we welcome hundreds of former ATS and WRAC veterans to come together for an amazing weekend. This time we will be in Cardiff, exactly 25 years since the last Grand Reunion in the Welsh capital, when we will be joined by the Veterans’ Commissioner for Wales. We are also planning our summer event at Bletchley Park where we hope to enjoy the company and stories of one of our own code-breakers Betty Webb MBE. With our membership and branch structure expanding we look forward to continuing to foster comradeship and esprit de corps to our members.

wraca.org.uk

Women’s Royal Army Corps Association Postal address: Unit 11, Basepoint Business Centre, 1 Winnall Valley Road, Winchester SO23 0LD Tel 0300 400 1992

email info@wraca.org.uk or benfund@wraca.org.uk President Her Royal Highness, The Duchess of Kent GCVO Registered Charity Number 206184, founded 1919

Registered Charity Number 206184 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FOR THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Rothmans Audit LLP Chartered Accountants & Statutory Auditors Avebury House St Peter Street Winchester Hampshire S023 8BN

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 1 REPORT OF THE TRUSTEES AND COUNCIL OF THE ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees submit Ihelr report and the financial statemenls of the Women's Royal Army Corps Association for the year ended 30 September 2024. The Trustees agree on the broad strategy and areas of activity including the FM)licies for grant making, investments. and reserves. The management of Association staff and other charity management responsibilities are delegated to lh& Chief Executive Officer. The charitable Object of the Associailon is: To promote the efficiency of the mY by.. Maintaining ¢ontact beeen fomier members of Queen Mary's Auxiliary Corps IQMAACI. the Auxifiary T8rrilorial Service IATSI, the Auxiliary Territorial Service Territorial Amiy {ATS TAI, Women's Royal Amiy Corps IWRAC}, Women's Royal Amiy Corps Territorial Arniy {WRAC TA), WRAC Territorial and Volunteer Reserve IWFiAC TAVRI and women $till serving in the Anny. fostering mutual friendship belween them and providing for social galherings. Fost8ring esprit de corps. comradeship, weWare 2nd preserving the tr8ditions of the QMAAC. ATS. ATS ITAI, WRAC, WRAC ITAI and WRAC (TAVR). The administratron and activities of the WFiAC Association are governed by the WRAC Association Constitution 2024. The Trustees have referred to the guidance contained in the Charities Commission's general guidance on publlc benefit when reviewing the aims and objecbves and in planning the future activities of the charity. In particular. the Trustees consider how plann8d activities will contrlbut8 to the aims and activtties they have set. This year, the Tnjstees took legal advice and agreed to merge the previousty separated funds of the Association and Benevolent Funds into one fund. The Objects of the Benevolent Fund sits within the scope of the Objects of the Association and the costs of running two separate fvnds was unsustainable in staff costs and exlemal fees. The funds We sucSsfUllY merged together in late 2024 and the new fund 15 working well, 8llowlng Trustees lo expand their charitable support into areas that have previously been under-resourced. An updated set of guidelines have been produced to ensure that Trustees understand the broader scope of activities that come wllhln the Objects of the Association. CHARITABLE ACTIVITY The WRAC Association continues to further the Association's object of fostering esprit de corps and ¢omradeship as we provide support and opportunities for members whilst advocating for female veterans publicly and strategically. During this reporting period we provlded glgnificant support and numerous events all¢vIng our memberg to benefit from their status as WRAC veterans. Over 100 members paraded at the Cgnolaph in November, with more representing the Association at seNices across the UK. Wreaths were laid in London. Guildford (where we relain the Freedom of the Borough), and in each of our 8 Association areas (Scotland and Nl. North East. North Wesl, Central, Wales and The West. Eastern. London and South East, South and South West). In February we proudly commemor8ted the 751h anniversary of the Women's Royal Army Corps. An afternoon tea followed by an Evensong at Guildford Cathedral look place At the AGM in March. il was agreed to roduce subscripttons lo zero. This resulted in an amazing increase of over 1.000 new rngmbgrs.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 2 REPORT OF THE TRUSTEES AND COUNCIL OF THE ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Our summer evenl was held in August in conjunction with Mission Molorsport. 60 members attended Three Sisters Racecourse in Wigan for a day of driving at speed around the track, and an obstacle course skills challenge. Entertainment was provided by the Yorkshire Military Band with members travelling from across the UK to attend. In Sfjptemb&rwe were privileged to begin the prwess of re-presenting berets and cap badges to WRAC veterans as part of the Army's response to the recomm8ndation$ from the Elherton R6view. Our first presentation took place at our Scotland and Northern Ireland Area AGM held in Pgrth. Branches and groups are the principle point for providing comradeship to our members with a new branch forming in Bedworth and more due lo open over the coming months. Our magazine -The Lioness" is published twice a y8ar with reports from our members and information about future events they can get invofved in, and our social media engagement continues to increase, particularly through our Facebook page. A strategic review team was appointed from th9 trustee board to conduct a review and ensure the Association HQ is fit for purpose. As a rasult, a staff restnjclure look place, losing the roles of 'Associalion Secretary,, Finance Officer,. 'Officer Manag6r' and 'B8nevolent Fund S8crelary', replaced with 'Head of Operations and Engagemenf, 'Finance and Govemance Officer,, Membership and Volunteering Officer, and 'Granls Officer,. During this reslruclure, I0 members of staff left the organisation and one person accepted a redundaney settlement. One existing staff memb8r was appointed lo a new role and three new staff members were appointed into new roles. The new staff structure 1$ working well. As part of our on-going cosl-cutbng review we approached lh8 Army regarding acc(xnmodation. We were gratefvl to be offered accommodalion al Sir John Moore Barracks in Winchester, offering a significant financial saving to our Gharity and increased engagement with the serving community. A successful relocation was achieved and our commercial accommodation contract ceased al the end of the reporting period. We continue lo support our ATS and WRAC Veterans through our Benevolent Fund grants, working closely with SSAFA and RBL. Emergency funding can be provided to former ATS and WRAC via th8 Veterans Charity who distribute our funds through our partnership. The Female Vetarans, Transfomation Programme continued lo bulld momentum with the appointment of a Programm8 Officer to supportthe Programme Lead. and signrficant engagement across the veteran charity sector, statutory providers including NHS bodies and trusts. and government including Cabinet Office, Office for Veterans, Affairs. and the devolved nalionsfveterans, commissioners of Northern Irdand, Scotland and Wales. The WRAC Association is on track to deliver a strong product in a toolkit of resources which will significantly improve oulcomes for female veterans accessing setvlces in the UK. PLANS FOR FUTURE PERIODS In October 2024 we will continue the process of re-presgnting berets and cap badg&s lo WRAC veterans as part of the Army's response lo the recommendations from the Elherton Review. We plan lo do this as part of a weekend of events in Guildford which will also mark the 601h anniversary of the opening of the Queen Elizabeth Barracks. and the 50d) anniversary of the Guildford pub bombings where tsvo WRAC servicewomen were killed by the IRA alongside two Scots Guards and a civilian. In March 2025 w8 will head to Cardiff for our Grand Reunlon - a triennial event which brings WRAC and ATS veterans together from across the UK and the world. Over three days we will welcome 400 members to enjoy a packed agenda including a Gala Dinner. 89ating Retreat. AGM and Drumhead s&rvi.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 3 REPORT OF THE TRUSTEES AND COUNCIL OF THE ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 FINANCIAL REVIEW Income derlved from the investment portfolio is the main incom8 stream for the Association, supplemented by ad hoc gaCleS and donations. The Association showed net oulgoings of £126,823 for the year. The net gain on investments this ygar was £799.405, resulting in a nel gain of £672.582. The charty do8s not actively fundral$e or seek legacies. atb&it thè charity is extremely appraciativa of those who have made provision for the Association in their wills. The charity re¢eived £145.913 of legacies in the year. INVESTMENT POLICY AND PERFORMANCE The investment objectives are set out in the Investment Policy- to balance income and capital retums over the long term, presBrve th8 real capital value of the funds and meel the ongoing incomo requirements oflhe charrty. Trustees instruct RBC Brewin Dolphin to manage the charity's invèstmgnts. Investment returns were £236.375 and at the end of the year the market values were £8.158,935. Investment management costs of £27,557 for the year were charged to the portrolD. RISK MANAGEMENT Risk Management is a standing Item on the Agenda at Trustees meetings and the Rlsk Register reviewed regularfy by the Management B08rd. Succession planning for the Officers of the Association is an ongoing risk and planning is in place. albeit those in place now are so for 3 years and are supported by the CEO'S ability to step up. Likewise. planning is in place to manage long term stsff absence. RESERVES STRATEGY A Reserves Policy provides essential a¢wuntabilty to funders. donors and other stakehokjers and is held lo help the charity operate efficbenlly. The charity uses easi accessible cash from Special Interest Bearing Accounts ISIBA) to meet the usual op8rating costs. The worf(ing r8seNe is 3 monlhs of the budgeted operating costs and is available from both SIBA and Brewn Dolphin. Liquidty and cash reserves are monitored by the Financial Officer and reported quartety to the Managemenl Board. Vvhen reviewing the Reserves Policy Trustees always seek advice on markel conditions from the Investment Manager. Al the end of the year the charity held total reserves of £8,263,051 of which £8.226.847 was unrestricted, £33,905 was restricted lo the Female Veterans, Transfomialion Programme and £2,299 restricted to the COBSEO Female Cluster Group. STRUCTURE. GOVERNANCE AND MANAGEMENT Status of the Charlty The Women's Royal Amiy Corps AsSlatiOn, incorporating Queen MarS Army Auxiliary Corps and Auxiliary TerrTlorial Setvice Comrades Association. is a registered charity, founded by a trust deed in 1919. Thg Association is governed by the rules and regulations sel down in the trust dgad. Following advice received from the Charity Commissioner during the year ended 31 October 2000. bNO related but praviously separate charities (The Auxiliary Territorial Servicè B8navolent Fund & th• omen's Royal Anny Corps Benevolent Fund. and The Princess Royal's Mgmorial Fund} were amalgamated with the Association.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 4 REPORT OF THE TRUSTEES AND COUNCIL OF THE ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Auxiliary Territorial Service Benevolent Fund was established by a trust deed on 1 August 1944. The Women's Royal Army Corps Benevolent Fund was established by a trust deed on 28 December 1950. The Benevolent Funds were combined under a SGheme of Ihe Charity Commissioner on 28 April 1961. This scheme was suporseded by another scheme on 21 October 1964. and subsequent supplemental orders dated 17 February 1993 and 3 April 1997. The combined Benevolent Funds formed a registered Charity, govemed by the rules and regulations 59t down in the amended trust deeds. Following amalgamation with the Association. the eharilabta registration of the Benevolent Funds. under charity number 247793, was removed and the funds wgrg r8-regislered as a subsidiary charity of the WRAC Association. The Princess Royal's Memorial Fund was established under a trust deed dated 30 March 1966, and was a registered charity, under charity number 248204. Following amalgamation with the Association. the separate charitable reglgtration has ceased. Charlty Name WRAG Association lincorporats'ng Queen Mary's AJMY Auxiliary Corps and Th• Auxiliary Territorial Se¢vlce Comrades Association). Charlty Number 206184 Prfnclpal Address ATR Winchester Sir John m(re Barracks Andover Road Nijrth Winchester Hampshlre S022 6NQ Banker Royal Bank of Seotland 31-37 Victoria Road Famborough Hampshire GU14 7NR Auditor Rolhm8ns Audit LLP Avebury House 6 Sl Peter Street Winchester Hampshire S023 8BN Investment Mana er RBC Brewin Dolphin 12 Smithfield Street London EC1A 9BD Th? Trustee$ and Coun¢il of the A8$oGlalion The Trustees are the Managing Truslees ofthe WFUC Association and are: The Association Officers- Vice President, Chair of the Membership Council, Chair of the Benevolènt Fund and Treasurer. Elected Members- up lo g. Ar¢ Elected Member shall be proposed by any other Trustea and is to be approved by the Trustees. An Elected Trustee Member shall serve for an initial period up lo 3 years and thereafter may be re-appointed and serve for up to Iwo more consecutive 3-year terms19 years in totall with annual ratification by the Trustees. Tenure as an officèr does not run Concurrently Mth that of a Trustee The Trustees are supported by the CEO. Finance & Governance officer & Grants officer. The Memb8rship Council Is responslble ft)r offering advice and recommendations lo Trusl8es on membership matters for WRAC Association Branches, Mèmbers and the wider Servic6 charity sector, particularly in relation to membership relations.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 5 REPORT OF THE TRUSTEES AND COUNCIL OF THE ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Membership Council consists of.. Chair of the Membership Council (a Trustee) Chair of the Benevolent Fund la Trusleel All Life Vice Presidents All Area Co-ordinators Editor of the Lioness - ex officio Honorary Appointments within the Association to act as ex officio mgmbers le.g. Lawyer and Padre) excgpt the Trèasurèr who is an Officer of the Association. Management Board The Membership Council is responsible lo the Management Board for growng. reviewing, monitoring and making decision$ on membershlp. membershlp structure 8nd events. The Membership Council sets the direction for relationships with WRAC Association Branches and the wider Service charity sector and is a forum for recommending change to Trustees as it affects the Membgrship. It is supported by other sub committegs formgd for spe¢ifi¢ purposes. The members of the Management Board are.. VI President & Chair of Board of Trustees Chair of Membership Council (and Oepuly Vic8 President) Chair of Benevolent Fund Treasurer Chief Executive Officer Trustees who have held office since 1 October 2023 are as follows.. Trustees Brig (Retd) F H Gardner CBE Vice Pr•sid•nt Appointed Vice President March 2021. Reappointed March 2024 Appointed Trustee February 2020. Rea ointed Februa 2023. Appoinl8d Trust February 2011 Reappointed Trustee July 2024 Ll Col (Reldl R C Naile MBE Chair of the Membership Council since March 2021 Chair of thé EFC from July 2014 to March 2021 Chair of the Benevolent Fund (from July 2023) Maj (Retd) M C M Jones Appointed Trustee May 2015 Reappointed Trustee February 2023 Appointed Tiustee April 2015 Reappointed Trustee February 2024 Served as NEM November 2018- June 2019 Appointed Twstee July 2019 Rea ointed Trustee Jul 2022 Appointed Trustee February 2017 Reappointed Truslee February 2024 Appointed Trust8é Fèbruary 2017 Reappointed Trustee February 2024 Maj IRetd} C H Merringlon-Rust MBE Doputy Chalr of the Benevolont Fund Lt Col (Reld} T R Savage Treasurer apwjinted July 2022 Miss B Johnson Mrs S Mackènzie

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 6 REPORT OF THE TRUSTEES AND COUNCIL OF THE ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Col {Retd} A Hassell Appointed Trustee August 2017 R8a inled Trustee Jul 2024 Appointed Trustee Juty 2019 Rea inled Trustee Jul 2022 oinled Trustee June 2023 ointed Trustee June 2023 Ms SMF Veillard-Thomas MS Dawn Menda Ms She119 Whitehead Ex4)fflcS0 A olnlmènts PRO ers Mrs J Winfield Chlef Executlve Offlcèr Finance & Gov•rnancg Offlcèr A oinled Ma 2021 Appointed July 2023 The Role of Trustees To provide the level of Govemance necessary for the WRAC Association, the Trustees are expected to attend all Trustee Meetings. Ihe AGM, and at least one hAalor Grants Committee Meetings IMGCMI a year. prior to which a newly inducted Trustee would be expected to shadow a MGCM at least once. The WRAC Association ¢ontinues to subscribe to the Charity Commission's on-line updales, the COBSEO newsletter, Gov.UK updates and NCVO e-bulletins. Trustees are requtred to disclose all relevant Interests and regisler them wtth the Vice President and in accordan¢0 with thè WRAC Association's policy are to withdraw from decisions where a conftict of interest arisgs. KEY MANAGEMENT PERSONNEL REMUNERATION All Trustees give ofthairtime freety and no Trustao ramunèration was paKI in the rep)rtbng yasr. Dotails of Truslee expenses and related party transactions are disclosed in this report. GOVERNANCE A Governance Audit took place in June 2022. Th8 COBSEO audit tool, approved by the Charity Commission was used. The overall score was 71180., a 9reen outcome overall indicating good govgrnance. The Trustees intend to follow this procedure on a 3-yearly basis alongside the audit of Trustee skills also 3-yearly. The next Governance and Skills Audits will take place in the summer of 2025. STATEMENT OF TRUSTEES RESPONSIBILITIES The charity Trustees are responsible for preparing the Trustees, Report and the financial ststemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trusteos lo prepare financial statements for each financial year that give a Irue and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the Charity for that peri(#J. In preparing these financial statements, the Trustees are required to-. S8lect suitsble accounting F)011eS and then apply them conststently; observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent.. stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the finan¢Èal statements on the going concem basis unless it is inapprowiate to presume that the charity will Continue in business.

THE WOMEN'S ROYAL ARhlY CORPS ASSOCIATION Page 7 REPORT OF ThE TRUSTEES AND COUNCIL OF THE ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees are responsible for keeping sufficient accounting records that disclose wilh reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply WFth the Charities A¢1 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are wponsible for the maintenance and integrity of the charity 8nd financial information included on Ihe charity's website in accordance with legislation in the Uniled Kingdom governing thé preparation and dissamination of financial sl8t8m8nts. In so far as th& trustees are aware.. there is no relevant audit information of which the charity's auditors ar8 unaware.. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Approved by the Trustees on ...... Signedon behalfofthe board............. f45É . Brigadier (Relld) Fiona Gardner CBE, Chaimian

REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF Page 8 THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Oplnlon We have audited the financial statemenls of The Women's Royal Army Corps Association for the year ended 30 S&ptember 2024 which comprise the Statement of Financial Activities, the Balance She8t. the Statewnent of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation 1$ applicable law and United Kingdoffl Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicabl8 in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion. the financial sL9tements: give a true and fair view of the state of the Charivs affairs 8$ at 30 September 2024 and of its incoming resources and application of resources for the year then ended,. have been properly prepared in accordance with Unlted Kingdom Generally Accepted Accounting Practice- have been prepared in aGcordance wfth the requirements of the Charitios Act 2011. B8s1s for oplnlon We conducted our audit in accordance with Intematlonal Standards on Auditing {UK} (ISAS (UK)) and applicabla law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity In accordance with the ethical requirements that are relevant to our audit of the financial $talements in the UK. including the FRC'S Ethical Standard, and we have fvIFilled iyjr other ethical responsibilities in aootsrdance with thesè requirements. We believe that the audit evidence we have obtsined is sufficient and approprial8 to provide a basis for our opinion. Conclusions r•laling to going cone•m In auditing the financial statements, we have ¢on¢luded that the trustee's use of the going concern basls of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identffied any materfal uncertainties relating lo events or conditions that, individualty or collectively. may east signifieanl doubt on the charity's ability to continue as a going concern for a perlod of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibili118s of the trustees with respect to going Goncem are deg¢ribed in Ihe relevant sects'ons of this report. Other Infonnatlon The other infomiation comprises the information included in the annual report, including the tnjslees, report, other than the financial statements and our auditor's report thereon. The trustees are responslble for the other information contained within the annual report. Our opinion on the financial stat8m8nts does not cover the other information and. 8XC8Pt to thg 8Xtent otherwisg explicitly slated in our rgport. we do not oxprgss any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consid&r whether th8 other information is matorially inconsistent with the financial statements or our knowledge obtain8d in the course of the audit, or othemise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise lo a material misslatemenl in the financial statements themselves. Ir, based on the work we have performed, we conclude that there is a mal&rial misstatement of this other information, we are required to report that fact We have nothlng to report in this regard.

REPORT OF ThE INDEPENDENT AUDITORS TO THE TRUSTEES OF Page 9 THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Matters on which we arn r•quired to roport by excoption In the light of the knowbdge and understanding ofthe charity and Its environment obtained in the course of the audit. we have not identified material misstslements in the Trustees. Annual Report. We have nothing to report in respect of the folbwin9 matters in relation to which the Charrties {A¢unts and Reports) RegulatnS 2008 requlres us lo report lo you if, in our opinion.. the information given in the trustees. report is inconsistent in any material resp9¢1 wth the financial statements., or sufficienl accounting records have not been kept; or the financial stal8ments are not in agreement with the accounting records.. or we have not obtained all Ihe information and explanations we require for our audit. Responsibilities of the trustees As explained more fvlly in the trustees. r@spon5ibilities statement, the trustees are responsible for the preparation of the financial ststemenls and for being satisfied that they give a true and fair view. and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether du8 10 fraud or error. In preparing the financial statements. the trustees are responsible for assessing the Charity's ability to continue as a going con¢em, disck)sing. as applicable, matters related to going concern and using the going concem basis of accounting vnless the Irusteas either intend to liquidate the Charity or to cease operations, or have no realists'c allemative bul to do so. Audltor's re8ponslbllltl•s for thg audlt of the finan¢lal statemants We have been appointed as 8uditor under Section 144 Charities Acl 2011 and report in accordan¢e with the Act and relevant regulations made or having effect Ihereunder. Our otieclives are to obtsin reasonable assurance about whether the financial statements as a whole are free from material rnis5talement, whether due to fraud or error. and to issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUK) will atways detect a malorial misstatemenl when it exists. Misstatements can arise from fraud or 8rror and are considered material if, individually or in th6 aggregate. they could reasonably be expected to influence the economic d9cisions of users tsken on the basis of these financial statements. Irregularities, Including fraud. are instances of rn-COmPlianOe with laws and regulations. We design procedures in line with our r8sponsibililies, outlined above. to detect material misstatements in respect of Irregularities, including fraud. Th• axtent to whlch the audit was Gonsldered capablè of delectlng Irrogularftles Including fraud Our approach to Identing and assessing the risks of materS8l misstatement in respect of irregularitie5. including fraud and non-compliance with laws and regulations, was as follows: the engagernenl partner ensured that the engagement team colleclivety had the appropriate ¢ompelence, capabililieg and skills to identify or recognise non-compliance with applicable laws and regulations., we id&ntffied the laws and regulations applicable to the charlty through discussions with the trustees and other managomenl, and frown our knowledge and experience of the charities sector,.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF Page 10 THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 we focused on specific laws and regulations which we consKlered may have a direct material effect on the financial statements or the operations of the charity. Induding the Charities Act 2011, Gift Aid, employment, and health and safety legislalion.. and we assessed the extent of Compliance with the laws and regulations identified above through making enquiries of management and inspecting18gal correspondence. The identified laws and regulations were communicated within the audit team regularly and the tsam remained alert to instsnces of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to matorial misstatemenl. in¢ludlng obtaining an understanding of how fraud might occur, by.. making enquiries of management as to wheTr they Considered there was susceptibilty to fraud. their knowledge of actual, suspected and alleged fraud., and considering the internal controls in plac8 to mitigate risks of fraud and non-complianc8 With laws and regulations. We identified the greatest risk of material impath on the financial statements from irregularities. including fraud, to be within the recognition of income and the overrid8 of controL8 by management. To address the risk of fraud in these areas. we= selected a sample of transactions from material income streams and compared expectèd income to that recorded within the financial statements.. perfomied analykn'cal procedures to id9ntify any unusual or unexpected relationships- tosted journal ontries during the year and at the year4nd to idantify unusual transactbons- assessed whetherjudgements and assumptions made in detemiining the accounting 8slimates set out in the notes to the accounts were indicative of potential bias. and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularfties and non-c4)mpliance with laws and regulations. w& desKJnod procedures which included. bul were not limited to.. agreeing financial statement disch)sures to underfying supporting doGumentstion.' reading the minutes of meetings of those charged with governance- enquiring of management as lo actual and potential litigation and claims- r8viewing corr&spondence with relevant regulators. such as the Charities Commission. and reviewed legal and professional 8xpenditure incurred in the year. There are inherent limitations in our audit procedures described above. The more removed that laws and r8gulations are from financial transactions. the less likely it is that we would becoma aware of non- compliance. ALtditing stsndards also limit the audit procedures required to identify non-compliance wlth laws and regulations lo enquiry of the directors and other management and the inspection of regulatory and legal Gorrespondence, if any. Material mlsstatements that arise due to fraud can be harder to detect than those Ihal arise from error as they may involve deliberate concealment or collusion. A further description of our r9sponsibililies for the audit of the financial statements is k)cated on tho Financial Reporting Council's website at.. www.frc.or -ukJa¥Jditorsres nsibilitias. This description forms part of our auditor's report.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF Page 11 THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Use of our report This report Is made solely to the Charity's trustees. as a body. in accordance with section 144 of the Charities Art 2011 and the regulations made under section 154 of that Act. Our audit work has been undortaken so that we mtqht state lo the Charity's trustees those matters we are required lo state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assum8 responsibility lo anyone other than the Charity's trustees as 8 body, for our audit work. for this report, or for the opinions we hav8 formed. Rothm8ns Audit LLP Chartered A¢counl8nts and Statutory Auditors Avebury House St Peter Street Winchester Hampshire S023 8BN 4 March 2025 Rothmans Audit LLP is eligib19 to act as an auditor in temis of section 1212 of the Companies Act 2006

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 12 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Total Fund8 Year End 30.09.2023 Fund$ Y•ar Endgd 30.09.2024 N¢ts$ Unr•$trSctod Funds Ro8trlcted Fund$ INCOME FROM: Donations and legaues charitab activlts"88 InveslrnBnts 0th8r incorna 186.508 763 2{,444 5,411 96.820 283,328 763 236.375 5.411 117.027 29,931 224,414 5.915 TOTAL INCOME 399.126 128.751 5.877 347,356 EXPENDMJRE ON: Raising funds Charitable a¢tMties 22,410 416,963 5.147 208,180 27.557 625,143 564.101 Totsl Exp•ndltur• 439,373 213,327 652,700 600.691 Nat Gatn81 IlcB8881 on invesbnents io 429,169 370,236 799.405 119.621 NET INCOME I IEXPENDThUREI 388.922 283,6eQ 672,582 1133,7141 Transfers beknveen 16 6.444,474 16,444,4741 NET MOVEMENT IN FUNDS 6,833.396 16,160,814) 672.582 1133.7141 RECQNCIUATION OF FUNDS., Total FLmds brtyjght forn¥d 19 1,393,451 6,197.018 7.5),469 7,724,183 Totsl funds foN¥a 8.226.847 36.204 8.263.051 7,59),469 The stslement of financial acts'vities includes all gains and losses r8cognis8d in the year. All income and expenditure derive from wntinuing activities. The notes on pages 15 to 31 fomi part of these financial statements.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 13 BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Not8s FIXED ASSErs Intangible assets Tangible assets Investments 6,313 3.937 8,158.935 8,169.185 8,206 2,480 7.494,790 7,505.476 10 CURRENT ASSErs Stock Deblixs Cash al bank and in hand 11 12 13 2,190 84,952 33.274 120,416 32.832 59.791 97.087 LIABILrriES Creditors= Amounts falling due within one yaar 14 26,550 12.094 NET CURRENT ASSETS 93.866 84,993 TOTAL NEf ASSETS 8,263.051 7.590.469 FUNDS OF THE CHARrrY Restricled Funds-. The Benevol&nl Funds The COBSEO Female Cluster Group Fund The Female Veterans Transformation Programme 16 17 6.155,806 5.541 2,299 18 33.905 35.671 Unr85tricted funds: General Funds 19 8.226.847 1.393,451 TOTAL FUNDS 19 8,263,051 7,590.469 The financial statements were approved by the Board of Trustees onl1...7.5. and on its behalf by.. were signed Brlgadier {R8t1dI Fiona Gardner CBE, Chairman Th& notes on pages 15 to 31 fomi part of thesp finanoial staten7ents.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 14 STATEMENT OF CASH FLOWS AS AT 30 SEPTEMBER 2024 2024 2023 Notes Not cash (used Inl opornting activitiès., {395,593) 1474.4701 Cash Ilows from invosting activiti85 Dlvldends and Interest from investments Purchase of intangible assets Purchase of propety, plant and equipment Proceeds from sale of investments Purchase of invgstments 236.375 224,414 12,5591 370.669 235.409 369,076 516,387 224,051 516,750 Nét Cash provided by investing activities Changg in Cash and cash equlva10nts In the year 126,5171 42,280 Cash and Gash equivalents at the beglnnlng of the year 59.791 17,511 Cash and cash •quivalents at the end of the year 33.274 59.791 NOTES TO THE STATEMENT OF CASH FLOWS STATEIAENT OF CASH FLOWS NOTE 1: RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net movement in funds Adjustments for= Depreciation and amortisation charges IGainslAosses on investrnents Dividends and interest from investments Ilncreaseydecrease in stocks Ilncreaselldecrease in debtors Increasel(decrease) in creditors Net cash {used inl operating activities 672.582 (133,7141 2.995 1799.405) 1236,3751 2,274 152,1201 14,456 395,593 2.939 1119,621 } 1224.414} 1482} 10,792 9,970 474,470 STATEMENT OF CASH FLOWS NOTE 2: ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash al bank and in hand Totsl Cash & Cash Equivalents 59.791 33,274

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 15 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES BASIS OF ACCOUNTING The accounls (financial statements) of the charity have been prepared under the historical cost convention wtth items re¢ognised al cost or transaction value unless otherwise slated in the relevant notes lo these accounts. The accounts have been prepAred in accordance the Charities SORP IFRS 1021 'Accounling 8nd Reporbng by Charrf(ies.' Statement of R8¢ommended Practice applicable to charitiès preparin9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (effective 1 January 20191., Financial Reporting Standard 102 'The Financial Rewrting Standard applicable in the UK and Republi¢ of Ireland, and the Charities Act 2011. The charity constitutes a publiG benefft entity as defined by FRS 102. The accounts Ifinanclal statements) have been prepared to glve a Irue and fairf view and have d8parted from the Charities {Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'Iruo and fair view,. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordanc8 Wlth the Financial Reports"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}, rather than the Accounting and Reporting by Charilies.- Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The presentational and functional currency of the charity is Pound Sterllng. The accounts are rounded to the nearest pound. The Charity's principal office is ATR Winchester. Sir John Moore Barracks Building 2,. Andover Road, Wlnchester, Hampshire, S022 6NQ. The trustees consider that there are no material uncertainties about the Association's ability lo continue as a going concem and these accounts have been prepared on a going concern basis. There are no significant judgements whlch affect the amounts recognised in these financial statements. With r8spect lo the next rgporting period, th8 most signfficant areas of uncertainly that 8ffeel the carying value of assets held by th8 Trust 8re the level of investment return and the perfomance of investment markets. FUND STRUCTURE Following advlce received from the Charity Commissioners during the year ended 31 October 2001, two retalod, but prevlously separate charilles (The Auxiliary Territorial Service Benevolent Fund & The Women'5 Royal Army Corps Benevolent Fund, and The Princess Royal's Memorial Fund} were amalgamated wth the Association. The Benevolent Funds including th8 Princess Royal Memorial Fund is the restricted fvnd repr9senting the activities of The Auxiliary Territorial Service and The Women's Royal Army Corp5 8enevolent Fund (incorporating the Princess Royal's Memorial Fund) that provides one-off grants. annuities and nursing home fees to ex-servrce women. The funds of these amalg8mated charities were historically Irealed as restricted by the Trustees, however the Trustees have taken legal advice regarding the nature of these fijnds and have determined that there are no legal restrictions on their usage, as the objects of the Benevolent Funds srt wtthin the objects of the Association. The Trustees therefore ratified a decision to merge the Benevolent and Association funds into a single fund in November 2023.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 16 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FUND STRUCTURE {continuedl These financial statements present in aggregate, the results for the y88r ended 30 Seplember 2024 and the balance sheet position as al 30 September 2024. for the three original ¢harities with ¢gmparatives for the year ended 30 September 2023. THE BRANCHES OF THE ASSOCIATION The Branches of the Association do not 8xpr8ssly further rts Objects through any expliclt or implicil power provided by the Association's Consl¢tution- neither control nor management is exercised. Furthermore, the Association's Constitution recognises formally the distinctiveness of a Branch's financial commitments from that of its own. On that basis, the Membership Council has decvjed to separale any financial connection that has existed and recognise in a clear and transparent way that there is no financial dependency of the Association on the Branches or vice-versa and that neither Control nor managemejt has been or will be exerclsed. As such branch Income and expendlture Is not r8cognised in these financial ststemenls INCOME RECOGNITION All incoming resources are recognised once the charity has entitlement lo the income. it is probable that the income will be received and the monetary value of incoming resources can be measured with sufficient reliability. Donations are recogni$8d upon receipt. Membership income is recognised gvgnly ovgr a 12-month period from the date of receipt. The charity reducgd subscriptions to Z8ro in March 2024. L8ga¢y gifts are rgccyJnised on a case-by-case basis following the granting of probate when the administratorlgxecutor lor the estste has communicated in writing both the amount and settlement date. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity.. this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the divldend yleld of the investment portfolio. RESOURCES EXPENDED All expenditrjre is accounted for on an accruals basis, and has b88n classified under h8adings that aggregate all costs related to that category. Grants payable are payments made to third parties in the furtherance of the charitable objectives of th8 Trust. They are accounted for when the recipient has a reasonable expectation that ihey will receive a grant, and the Trustees havg agreed to pay the grant without condition. Ail resources expended arg inclusive of irrecoverable VAT. ALLOCATION OF MANAGEMENT AND ADMINISTRATION COSTS Management and administration costs. including support costs and governance costs. have been allocated between charitable activities as shown in note 7. Where costs cannot be dir8clly allribuled to a particular activity they are allocated on a basis consistent with the use of resources. for example, staff sts are allocated based on Ihe proportion of time spent by staff m8mb8rs on each activity. Gov8manco costs comprise all costs involving the public accountsbility ofthe charity and its compliance wilh regulation and good practice. These costs include ¢o$ts related to statutory audit.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 17 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FINANCIAL INSTRUMENTS The charrty only ha$ financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value with the exptIOn of investments which are measured al their fair value 88 described more fulty below. INTANGIBLE FIXED ASSETS Intangible assets consist of compLrter software costs related to the design and building of a bespoke online database. The asset was In development as al 30 September 2017 and was brought into use in February 2018. The charity intends to keep updating the database sothvare as necessary and to use it for the foreseeable future so il is not possible lo reliably estimate the actual lifespan of this asset. A 10- year lrfespan has therefore been adopted as this is the longest period permilled by FRS102 in these circumstances. Amortisation costs 8re included wtthin expendmure on charitable activibes in the Statement of Financial Activities. TANGIBLE FIXED ASSETS Assets costing £100 or more are capitalised as tangible fed assets and are carried at cost. nel of depreciation and any provision for impairment. Depreciation is provided at the following annual rates in order to write off each asset over ils estimated useful life- Computer equipment Office equipment Straight Line over 5 years Straight Line over 10 years INVESTMENTS Investments are a fom of basic financial instrum6nt and are initially rQgnised at their transa¢lion value and subsequently measured at their fair value as al the balance sheet date using the closlng quoted markel price. The Assoelation does not acquire pul options, derivatives or other complex financial inslrumenis. All gains and losses are taken lo the Statement of Financial Activiti'es as th8y arise. Realised gains and losses on investm8nts ar9 calculated as the dtfferèneè bafvleen sales proeeads and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference b&een the fair value at the year-end and their carrying value. Realised and unrealised investment galns and losses are combined in the Statement of Financial Activities. The main ft)rm of financial risk faced by the charity is that of volatilty In equity markets and investment markets duè to wider economic conditions, the attitude of investors to investment risk, and thanges in sentiment concernlng equities and within particular sectors or sub sectors. STOCKS Stocks are stated at the lower of cost and net realisable value. CREDITORS Creditors and provisions are recognised where the charity has a present obligation resultlng from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligats.on can b8 maasur8d or gstimated reliably. Creditors and provisions are nomally r?gniSed at their settlement amount after allowing for any trade discounts due.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 18 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 PENSION COSTS The company operates a defined contribution pension schame. The assets of the scheme are held separately from those of the company in an independently administered fund. Contribultons payable for the year are charged in the income and expenditure account. FUNDS RECEIVED AS AGENT Whefe the charity receives resources which it 1$ bound to pay over to a specified third party the transacknon is not recognised in these accounts as the charity has no discretlon over the use to which the funds are applied. The receipt of funds is not recognised as income nor is the distribution of funds recognised as expenditure. DONATIONS AND LEGACIES 2024 2023 Unrestrlctgd Annual Associaln subscrlptions Donation5 to the Associalion Legacies Grants Return8d 14.455 23,231 145.913 2.909 186.S08 13,932 20,742 21.200 55.874 Restrlrted The B8nevol8nt Funds= Donations Legacies Grants Returned The Female Veterans Transfomiation Pro¥Jramme Fund: Grants Received 1,156 1,205 12,497 95,131 47.500 61.153 283.328 117,027 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Unrestrfd Ir)come from Grand Reunion Incom6 from Other Events 763 763

THE WO EN'S ROYAL ARMY CORPS ASSOCIATION Page 19 NOTES O THE FINANCIAL STATEMENTS FOR TH¢ YEAR ENDED 30 SEPTEMBER 2024 VESTMENT INCOME 2024 2023 Unrestr D6vid8nd income Deposit SIB accounts Intoresl 205.921 523 206.444 42,156 411 42,567 Restrl*d The Be volent Funds.. Divid d incom& Depo il & S18 aceounts interest 29,488 443 29,931 181,688 159 181,847 236.375 224.414 Investment income arises from the charity's inveslmenl portfolio. which is a financial instrument carried at fair vaiae through the Statement of Financial Activities. HER INCOME 2024 2023 Unre$triFt•d Memoratyilia Sales Prize Draw Grft Aid 2.465 2,215 2.946 5,411 5,659 Restrfct Gift Ald Tax 256

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 20 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 EMPLOYEES 2024 The average monthly number of peisons employed by the Association during the year was- 2023 Office & Administration Female Veterans Transformation Project Staff $ts for the above persons.. Wages & Salaries Social Security Costs Pension Costs 207,457 14,162 10,457 232,076 123,964 5,413 7,095 136,472 No employeos Teceived employee benefits in excess of £60.000. The charity considers Ihe Board of Trustees to be its key management personnel. No Trustee received any remuneration for services to the Association in the current or previ$ year. Reimbursements for travel expenses tolalling £5,698 were made to 7 Trustees12023- £5,006 to 9 Trustees) and of £4,102 to 9 CounGil metnbers {2023." £4.823 to 10 Council mmb8rs). The charity makes contributions to defined contribution pension schemes on behalf of its gmployegs. The St$ of thesg contributions are aliocatod between unrestricted and rgstriclgd funds on thg basis of the time spent by each &mploye& on the activibes und&rtak8n by each fund. RAISING FUNDS 2024 2023 RESTRICTED Benevolent Fund - Investment Managgmgnt 5,147 5.147 29,862 29,862 UNRESTRICTED Investment Management 22,410 22.410 6.728 6.728 CHARITABLE ACTIVITIES Dirgct Costs Grant Funding Support Costs Total 2024 Total 2023 Unrestrided Funds Restricted Funds 54.135 100,355 129.232 88.117 233,596 19,708 416,963 208.180 126.012 438.089 154,490 217,349 253.304 625,143 564,101 During the year. the ¢harity 5LlPPOrted 148 benefi¢iaries and distrfbuted 182 (2023.. 199} 9r?nts to indlviduals totslling £217.349 {2023- £262,967).

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 21 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CHARITABLE ACTIVITIES lcontinued...) 2024 2023 UNRESTRICTED Dlrect Costs - Grant Funding Benevolent Funds Grants prtncess Royal's MemorSal Grants Annual Malnt8nance Grants 124,682 2,600 1,950 129,232 Dlrect Costs Lioness publication costs Membership Activities Grand Reunion Remembrance Wigan Summer event Guildford Evensong Worthy Down Great Yamiouth Other Events National Memorial OretUM Statues & Statuettes Memorabilia Purchases for Shop Christmas C8rds standard 8earers Flowers Presentations 28,702 9.615 936 1,311 483 2,251 1,530 2,754 1,250 32 2.046 4,518 1,958 1.603 793 318 167 17,686 120 5,587 1,220 3.492 52 420 663 54.135 Support Costs Staff Costs Travel & meeting exp8n$gs Printing, postage & stationery Sundry office èxpansas Marketing Govemanc8- Auditors Remuneration - Audit Govemance - Auditors Remuneration - Other Govemance - AGM Governance- Trustees meetings, training & advice Governance- TNstees Costs Govemance- Council Costs 144,069 3,604 4.173 37.064 22,770 4.147 1,325 3,612 3,165 5.634 4,033 233,596 62,722 1.945 1,635 14.535 15.630 1,701 738 3,001 2,075 2,456 1,888 108,326 TOTAL UNRESTRICTED 416.963 126.012

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 22 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CHARITABLE ACTIVITIES l¢ontlnued...) 2024 2023 RESTRICTED Dlrect Costs - Grant Fundlng B6nevolenl Funds Grants prin$$ Royal'g Memorial Grants Annual Mainlenan¢e Grants 50.217 22.210 15,690 88.117 210,697 35,750 16,520 262,967 DiroGt Costs {8en•volgnt Funds) Lioness publication costs Thanksgiving for Her Majesty Queen Elizabeth 11 Chnslmas Cards 42.143 144 1,603 43.890 216 216 Dirgd Costs {CO8SEO Fomalo Clusl•r Groupl COBSEO Expenses 3.242 3.242 3.988 3,988 Dir•¢t Costs {F•mal• V•tèrans Transforniallon Programme) FVTP expenses 96,897 96,897 11,829 11.829 Support Costs {Bonevolent Funds) Stsff Costs Travel & meeting expenses Printing, postage & stationery Sundry office expenses Marketing Governance- Audrtors Remuneration - Audit Governance- Auditors Remuneration - Other Governance- AGM Govemance- Trustees meetings, training & advice Governance - Trustoes Costs Governance- Council Costs 13,399 68,952 1,422 2,205 18,637 11,120 1.699 738 3,008 2.149 2.550 2.935 115,415 137 2,019 4.020 64 69 19,708 TOTAL RESTRICTED 208.180 438.089 TOTAL COSTS OF CHARITABLE ACTIVITIES 625,143 564 101 The total amounl of Govemance costs, as shown above, was £21,980 {2023: £22.0031. of which £21.916 {2023.' £11,859) relat8$ lo unreslricled funds and £64 12023.. £10.1441 relates to restricted funds.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 23 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 INTANGIBLE ASSETS Cornputer Soflware Total COST At 01 October 2023 Additions DisposaL8 At 30 September 2024 18,938 18.938 18.938 18,938 AMORTISATION At 01 October 2023 Charge for year Elimination on Disposals AI 30 September 2024 10,731 1,894 10,731 1,894 12.625 NET 800K VALUE At 30 September 2024 6.313 6.313 AI 30 September 2023 8,206

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 24 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 TANGIBLE FIXED ASSETS Comput•r Equlpment Flxtur•s & Fittings Totsl COST At 01 October 2023 Additions Disposab AI 30 September 2024 6.231 2,559 3.830 10,061 2,559 8,790 3.830 12.620 DEPRECIATION At 01 October 2023 Charge for year Eliminatiorb on Disposals At 30 September 2024 4,447 896 3.134 206 7,581 1.102 5.343 3,340 8,683 NET BOOK VALUE At 30 September 2024 3.447 490 3,937 At 30 September 2023 1,784 696 2.480 Note: Fixed assets are allocated between funds as follows.. Unrestrictgd Fund Restricted Funds - Benevolent Funds Nel Book Value at 30 September 2024 3.447 3,937 3,447 490 3.937 Unrestricted Fund Restricted Funds- Benevolent Funds Net Book Value at 30 Sèpt8mber 2023 1,016 768 1,784 113 583 1.129 1,351 2.480

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 25 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 10. INVESTMENTS The investments are a financial asset measured at lair value through the SL8tement of Financi81 Ac16vitle9 2024 2023 Unrostricted general funds.. Br8win Dolphin Portfolio 8,158,935 8,158.935 1,396.047 1,396,047 Restrlcted Bonovolent Funds: Brewin Dolphin Portfolio 6,098.743 6,098,743 Total Investments at market value 8,158,935 7.494,790 2024 2023 Investments at fair value comprise= Lis16d Invostments Cash held within the investment portfolio 7,846.456 312,479 8,158.935 7,347,939 146,851 7,494.790 2024 2023 Mart(et value brought forward al 1 October Additions Disposals Unrealised gains l (losses) Market value carrie¢J forward at 30 September 7.494,790 235,409 1370,6691 799.405 8,158,935 7,667.505 224.051 1516,3871 119,621 7,494,790 The historical cost of these Inveslments, purchased at various dales. is as folbws." 2024 2023 Unrestricted general funds Restricted funds-. Benevolent Funds 7.359.460 1,150,827 4,733,184 7.359,460 5 884,011

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 26 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 11 STOCK 2024 2023 Memorabilia Stock 2,190 4,464 4,464 12 DEBTORS 2024 2023 Due Within One Year.. Prepayments A¢¢rued Income Other Debtors 55,950 27,991 1,011 20.697 10,000 2.135 84,952 32.832 Unrestricted Restricted 84.952 14.662 18,170 32,832 84.952 13. CASH AT BANK & IN HAND 2024 2023 Bank accounts 33.274 59,671 Cash in hand 120 33,274 59.791 Unrestricted Restrictod 33,274 26,653 33,138 59,791 33.274 Cash al bank and in hand 18 a financial asset measured at amortised cost.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 27 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 14. CREDITORS 2024 2023 Amounts falling due within on8 year.. Accruals Taxation & Social Securtty Deferred Income Other Creditors 4.561 6.629 21,989 5.465 26.550 12,094 Unrestrctèd Restricted 26,550 8,816 3.278 12,094 26,550 2024 2023 Deferred income: Deferred income brought fOard Income released in current year Income deferred in current ye8r 5,465 15.4651 21,989 5.353 {5,3531 5,465 Deferred income carried forward 21,989 5.465 The deferred income in 2023 relates lo membership subscriptions and other income for the next financial period which were received during that period. Deferred Income in 2024 relates to income received during the current year for events which are to take place In the next financial period. 15. FUNDS RECEIVED AS AGENT The charity did not receive any funds as an agent in the year ended 30 September 2024 or the year ended 30 September 2023.

THE WOMEN'S ROYAL ARIAY CORPS ASSOCIATION Page 28 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 16. THE BENEVOLENT FUNDS 2024 2023 01 October 2023 Incoming resources Donations and legacies Investmenl Ineome Other income Resources expended Raising Funds - Investment management costs Charitable activities (Losses} l Gains on investments Transfer to WFiAC Association General Fund 6,155.806 6,310.169 1,689 29,931 13.653 181.847 256 15.1471 1108,0411 370.236 (6.444.474) 129.862> 1422,2721 102,015 30 September 2024 6,155,806 Cumulative unrealised gains on irkvestments includod in The B8nevolent Funds balance at the year- end amounted to £Nil12023: £1.365.5591 The Benevolent Funds. including the Princess Royal Memorial Fund, is the restri¢ted fund representing the aGtivilles of The Auxlliary Territorial Service and The Women's Royal Amy Cc*ps Benevolent Fund (Incorporating the Princess Royal's Memorial Fund), which is a subsidiary charity of the WRAC association. The funds may be applied only in pursuance of the objects of the charity. namely- To promote the interests and welfare of pgrsons who have served in the Corps in such ways as are charitable in law- and The rellef of persons in need who are either: Persons who have served in the Corps; or The children or dependents of any person (alive or dead) who has served in the Corps Th8 Trustees may relieve persolls in need by.. Making grants of money to them., or ProvKling or paying for goods, seryices or facilities for them.. cff Making grants of money to other persons or bodies who provide goods. services or facilities to those in need. Following careful oonsideration of the charrtable objects of thg WRAC Association and Benevolent Funds. and after tsking appropriate legal advice, the trustees determined that these funds should be merged into a single fund lo reflect their shared charitable objectives and lo ensure that the Associatlon would continue lo be able lo support all its members in need. This merger took place on 30 November 2023, and all fvnds previously held by The Benevolent Funds have been transferred to the General Unrestricted Fund of the WRAC Association.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 29 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 17. THE COBSEO Femalg Vgtgrans Cluster Fund 2024 2023 01 October 2023 Incoming r8sources Donations and legacies Resources expended Charitable acliwties 5,541 9,529 {3,2421 13.9881 30 September 2024 The COBSEO Female Veterans Cluster restricted fund relates to funding provided to the WRAC for its work wth the aforementioned group. and costs relate to funding travel and subsistence and marketing costs for group members. 18. Th• Female Veterans Transforniatitsn Programme Fund 2024 2023 01 October 2023 Incoming resources Donations and Fegacies Resources expended Charitable actlvities 35,671 95,131 47,500 (96.8971 (11,8291 30 September 2024 33,905 35.671 The Female Veterans Transformation Programme restricted fund was ereated in FY23 and is fvnded by a grant from the Amied Forces Covenant Fund Trust and NHS England. Th8 programme is designgd to make female veterans 'visible' and deliver long-term, systemic change at veteran-facing organisations such as heamhcare services. care homes and charitBs.

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 30 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 19. TOTAL FUNDS OF THE ASSOCIATION 10Gt 2023 Incorning Outgolng Resources Resource$ Transfers 30 Sep 2024 Unrestrfcted Funds: Gen&ral funds 1.393.451 828,295 (439.3731 6.444,474 8,226.847 RoStrl¢tod Fund$: The Benevolent Funds COBSEO Female Veterans Cluster Female Veterans Transformation Programmg 6,155.806 5.541 401.856 {113.188) 16.444.474) 13,242} 2.299 35,671 95.131 196,897) 33,905 7,590,469 1.325,282 652,700 8.263,051 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed Assots Net Current Assgts TOTAL 2024 Y•ar End8d 30 Septgmber 2024 Unrnstricted Funds: General funds 8,169,185 57,662 8,226.847 Restri¢ted Funds: COBSEO Female Veterans Cluster The Female Veterans Transformation Project 2,299 33,905 2,299 33,905 8.169,185 93.866 8.263,051 Cumulative unrealised gains on investments included within the unrestricted general fvnds balanee at the year4nd amounted lo £799,475 {2023'. £245,220) Flxed Asset8 Net Curront Assets TOTAL 2023 Year Ended 30 Sèptgmber 2023 Unrestrirtgd Funds: General funds 1.397,176 {3.725} 1,393,451 Restrlcted Funds: The Ben&volent Funds COBSEO Female Veterans Cluster The Female Veterans Transformation Project 6,108.300 47.506 5,541 35,671 6.155,806 5.541 35,671 7,590,469 7.505.476

THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION Page 31 NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 SEPTEMBER 2024 21 ULTIMATE CONTROLLING PAR The charity is controlled by its Trustees. RELATED PARTY TRANSACTIONS There were no transactions with related parties during the year, other th8n th8 reimbursement of expenses lo Trustees as disclosed in note 5.

LW/SD/WR007

3 March 2025

The Trustees

The Women’s Royal Army Corps Association Unit 11 Basepoint Business Centre 1 Winnall Valley Road Winchester Hampshire SO23 0LD

Dear Sirs & Madams

In accordance with our normal practice we are writing to draw your attention to various matters which arose during the course of our audit of the charity’s accounts for the period ended 30 September 2024.

We have no comments to make concerning the qualitative aspects of the entity's accounting practices and financial reporting.
We did not encounter any significant difficulties during the audit and there are no significant findings from the audit to draw to your attention.
A draft of our proposed letter of representation is attached. We draw your attention to paragraphs 9, 19 and 20. In other respects the letter is routine.
For your information we attach a schedule of adjustments that you agreed should be processed when finalising the accounts. No material unadjusted misstatements were noted during our review.
As you are aware from our letter of engagement, our audit procedures were directed towards testing the accounting systems in operation upon which we have based our assessment of the accounts. We did not identify any weaknesses in your system during the course of our audit.
In making our recommendations, we have considered the size of your charity and the number of staff you employ.
We do not propose any modifications to our audit opinion and hence will be issuing a clean audit report.

We have discussed with you the fact that we provide accounting services to the charity in addition to acting as auditors. We wish to confirm to you that in our opinion the provision of such services does not affect our independence as the additional services provided are of a routine compliance nature and the Board takes any decisions where judgement is required.

The firm and the audit engagement team have therefore complied with relevant ethical requirements concerning independence.

We would like to take this opportunity of expressing our thanks to your staff for their assistance during the course of our audit.

Please note that this report has been prepared for the sole use of The Women’s Royal Amy Corps Association. It must not be disclosed to third parties, quoted or referred to, without our prior written consent. No responsibility is assumed by us to any other person.

The purpose of the audit was to enable us to express an opinion on the financial statements. The audit included consideration of internal control relevant to the preparation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control. The matters reported above are limited to those deficiencies that the auditor has identified during the audit and that the auditor has concluded are of sufficient importance to merit being reported to those charged with governance.

If we can be of any further assistance, please contact Lisa Wilson.

Yours faithfully

Rothmans Audit LLP

SCHEDULE OF AUDIT ADJUSTMENTS

Jnl	Fund	Details	SOFA	Balance Sheet
1	ASC	Amortisation for the year	1,893.78
	ASC	Amortisation for the year		(1,893.78)
	Being	amortisation charge for the year
2	ASC	Depreciation charge for the year	661.98
	ASC	Depreciation charge for the year		(661.98)
	ASC	Depreciation charge for the year	206.02
	ASC	Depreciation charge for the year		(206.02)
	Being	depreciation charge for the year
3	BEN	860 - Rounding		5.07
	BEN	960 - Retained Earnings		1,118.72
	ASC	960 - Retained Earnings		40,088.21
	ASC	COBSEO		(5,541.00)
	ASC	FVT		(35,671.00)
	Being	to agree opening reserves allocations
4	ASC	Accrued Income		17,991.26
	ASC	Leg - Legacies	(17,991.26)
	Being	to accrue for legacy notified in year but paid post year-end
5	ASC	805 - Accruals		(4,560.00)
	ASC	Auditors Remuneration - Non Audit	1,325.00
	ASC	Audit - Gov - Audit	3,235.00
	BEN	Audit - Gov - Audit - match PY accrual to expense	2,280.00
	ASC	Audit - Gov - Audit - match PY accrual to expense	(2,280.00)
	ASC	Audit - Gov - Audit - printing costs to general governance	(2,860.80)
	ASC	Audit - Gov - Audit - printing costs to general governance	2,860.80
	Being	to accrue for audit fees and agree P&L disclosures
6	ASC	BD - Brewin Dolphin		(12,387.43)
	ASC	Revaluation gain/loss	12,387.43
	Being	to clear variance on BD postings re prior year account not cleared	down
7	ASC	DTRPrepay - Debtors - Prepayments		2,938.44
	ASC	Guildford50 Costs	(2,938.44)
	Being	to prepay costs of October 2024 event
8	ASC	Fixed Assets - Computer Equipment - Additions		2,558.55
	ASC	Fixed Assets - Computer Equipment - Depreciation		(234.46)
	ASC	Equip - Office - Equip	(2,558.55)
	ASC	DEPN - Depreciation expense	234.46
	Being	to capitalise laptops purchased in the year
9	ASC	G NHF top-up	(2,380.00)
	ASC	Prepayments		2,380.00
	Being	to prepay NHF grants paid in advance
			(5,924.58)	5,924.58