**Women’s Royal Army Corps Association Impact Report 2026** **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.** **On Armistice Day, the Bank of England held its Remembrance service with members of the WRAC Association taking an active role as Pauline Milnes read the Kohima. The Act of Remembrance took place at the Bank of England War Memorial in the internal Garden Court.** ## **Vice President Col (Ret’d) Amanda Hassell** It is my privilege to introduce this year’s annual impact report, reflecting a period marked by both poignant moments and significant progress. In this Grand Reunion year, we had an excellent turnout for the Annual General Meeting, where we welcomed Major General Tim Hyams, CB, OBE of the Army Benevolent Fund, and bid ‘farewell’ to Brig Fiona Gardner CBE as I took on the role of Vice President, and to Reverend Sue Wing, welcoming serving officer Reverend Trudy Hobson as our new padre. The launch of the Female Veterans Toolkit took place at the Royal Hospital Chelsea, bringing together key stakeholders and individuals who will champion the recognition of female veterans. I am particularly grateful to those of our members who contributed to the project. Designed to promote understanding of female veterans’ issues and to support a wide range of service providers, this resource will equip stakeholders with practical tools and guidance to meet evolving needs and celebrate the service of women in the Armed Forces. We look forward to seeing its positive impact in years to come. Our association took a leading role in the important work of restoring berets and cap badges to women whose service was impacted by the pre-2000 ban on LGBT serving personnel. Ceremonies were held in Guildford, Cardiff and the National Memorial Arboretum with Army representation from Brigadier Melissa Emmett MBE and Brigadier Clare Phillips CBE who both delivered a heartfelt and sincere apology. We are particularly proud to have played our part in welcoming these women back into the wider veteran community and specifically into the WRAC Association. Our members were deeply saddened by the passing of our esteemed President and former Colonel Commandant of the Women’s Royal Army Corps, Her Royal Highness the Duchess of Kent. Attending the requiem mass in London alongside Life Vice President Sue Westlake MBE to pay respects on behalf of the Association, we reflected on her five decades of loyal service to our corps and her unswerving dedication to female veterans, a dedication we are proud to continue. ## **Chief Executive Officer Paula Rogers** In a year of significant anniversaries and enhanced visibility for female veterans, the WRAC Association has remained at the forefront of the work to celebrate women who served. The summer saw us elected for another three-year period to sit on the Executive Board of Cobseo: The Confederation of Service Charities. We are proud to have the support of our peers, particularly those single cap badge associations who voted for us to represent their distinct views. Engagement with the Ministry of Defence and Office for Veterans’ Affairs allows us to ensure women’s issues and contributions are communicated directly to those shaping policy and future veteran provision, and we have been pleased to have been consulted on the new veterans strategy and see that the strategic themes of “celebrate, contribute, support” will directly benefit the women we work hard to champion. Our impact report reflects on our achievements throughout the year and the ways in which the WRAC Association continues to work hard for female veterans, from individuals needing help or companionship, to wide-reaching delivery which will improve outcomes for significant numbers of women for years to come. We are proud to be The Servicewomen’s Charity. **Minister for Veterans and People Louise Sandher-Jones MP, with our programme lead Liza Jarvis and Life Vice President Col Ali Brown OBE** **Director of the Office for Veterans Affairs Anisha Worbs attending our launch of the Female Veterans Toolkit** Our dedicated staff team are supported by volunteers who organise local events and maintain contact with isolated veterans, as well as supporting our charity’s strong governance. Our volunteer contingent comprises civilians, serving personnel and scores of veterans who continue to serve those who served. Being an area coordinator definitely keeps me on my toes! Everyone brings their own energy, and something unique to the table - that’s what makes it so enjoyable. I love doing my bit for the WRAC Association, it’s not just about helping out, it’s about being part of a community that really feels like home. **Dawn Hawker WRAC 1980 - 1983** I have the honour of chairing the committee which organises the annual WRAC Gala Dinner Club event and have completed cycle challenges to raise much needed funds. My dulcet tones can also be heard calling the step as we march at the Cenotaph each year. **Karen “Radders” Radford WRAC 1987-1992, RAMC 1992 - 1993** I really enjoy volunteering as a branch organiser, bringing together ladies who served in the WRAC and those that joined after us who have struggled to find any veteran get-togethers locally. It’s fantastic that the Association brings in ladies from across the county to meet many old comrades. **Sandy Warne WRAC 1987-1992, AGC 1992 - 1993** I have been volunteering as the Internal Auditor since 2013, providing an unbiased assessment of the effectiveness of the financial controls of the WRAC Association. I am proud to contribute in this way, supporting the Association and maintaining a bond with the WRAC and female veteran community. **Sarah Morris WRAC 1985-1992, AGC (SPS) / C2 (MSF) 1992 - 2018** I have put the many skills learnt during my service in the WRAC to good use in my career since, and will forever be grateful for those opportunities. Volunteering as a trustee has given me a chance to continue being a part of the WRAC family and increase the voice of female veterans more broadly. **Sue Mackenzie UOTC 1981 - 1985, WRAC 1985 - 92** **Chair of the Membership Council Lt Col (Ret’d) Rowena Naile MBE** In the year of a Grand Reunion, when veterans of the WRAC come together for a triennial celebration of their service, the Association has excelled at furthering the Object of maintaining contact between female veterans and women still serving. From young members of Wales UOTC to senior female officers of the British Army, their attendance at our events further cements our ties to the serving community and demonstrates the impact our proud history has on those who continue to serve and those who are looking towards a career following in the footsteps of the women who went before. In the year we lost our last ATS ‘Bletchley Girl’ Betty Webb, she was remembered at our summer event at Bletchley Park where so many ATS codebreakers worked during WWII. Our national, regional and local events continue to attract large numbers of members, and we are proud to welcome members from the serving community and veterans from the Royal Navy and Royal Air Force to our membership and our gatherings. With over 4500 active members we continue to be well represented at veterans events arranged by our friends including The Not Forgotten, The Royal Hospital Chelsea and the Royal British Legion. The fostering of esprit de corps and comradeship was to the fore in Cardiff where 350 members gathered to reminisce and party the weekend away. The Yorkshire Military Band included many former WRAC Band members making a very special Beating Retreat and Parade. However, the main story of the Grand Reunion had to be 82-year-old Josephine Marchant who attended her first Association event, thinking she would know nobody and meeting someone she had been in training with 60 years before! To me that sums up what the Association is all about. _Being part of the WRAC Association reconnects me with a unique bond that never seems to fade, which focuses on support and legacy, whilst keeping our history alive._ _The WRAC Association continues to prove that you can take the women out of the uniform, but you can’t take away the camaraderie, the massive friendships, the mutual support and a whole load of laughter._ _The WRAC Association is more than shared service, it’s lifelong friendships, understanding and support._ _**Lynda Armstrong**_ ## **Making memories** ## **Grand Reunion: Cardiff** 350 WRAC veterans came together in Cardiff for our triennial reunion - a long weekend of fun and friendship. Old memories were shared and new memories made as our members dined and danced, marched and made merry. Our guests included the Veterans’ Commissioner for Wales, Col (Ret’d) James Phillips, whilst the public were treated to a parade of female veterans, and marching band in Queen Alexandra Gardens. ## **Coming together, getting out and about** _I love being in the WRAC Association. It has opened up so many new things to me, including the Grand Reunions. I love going to them and spending a great weekend with lots of ladies with our shared history. I also attend monthly meetings at various locations and always have a wonderful time. I’ve made so many good friends and acquaintances, I’m so pleased I joined._ _**Jane Griffin-Ash**_ ## **Remembering those who went before** Across the UK and the world, veterans of the WRAC ensure those who went before are never forgotten, whilst inspiring women and girls who are considering a military career. Armed Forces Day in June and November’s Remembrance events including the Cenotaph parade allow us to raise the visibility of female veterans, and in a year of significant anniversaries, we also marked eighty years since VE and VJ Days. Two important anniversaries were marked in Guildford as we celebrated the 60th Anniversary of the opening of Queen Elizabeth Barracks and marked 50 years since the Guildford Pub Bombing which took the lives of two WRAC servicewomen Private Ann Hamilton and Private Caroline Slater. The WRAC Association was proud to install two new plaques which were dedicated that weekend, one honouring those killed, and one to remember the contribution of the WRAC at the site of the old parade square. ## **Presenting berets and cap badges to female veterans dismissed under the pre 2000 ban on LGBT personnel serving in the British Armed Forces.** _Thank you for the genuine warm welcome from the WRAC Association. After 57 years of living with the loss and sense of shame I now feel able to hold my head up and be a proud veteran. A day I never dreamt would happen._ _**Margaret Henderson**_ ## **The Lioness** Our members receive two editions of the Lioness magazine each year. The Lioness connects our members, sharing special events, activities and achievements that build on our esprit de corps, even when we are apart. _May I say how beautifully produced and thoroughly interesting the latest edition of Lioness has proved to be. As a former editor of the Guards Magazine, I appreciate just how much energy and imagination have been poured into creating such a brilliant end-product._ _**Major General (Ret’d) P G Williams CMG OBE**_ ## **Social media** Our Facebook following has grown to 6.7K followers in the last year and we have started sharing more videos which get high engagement from our members and attract new followers. We use our account to share communications, support new branches, publicise events and celebrate successes and achievements. _The WRAC Association Facebook page is a great way to easily keep in touch with everything that’s going on – I never miss an event!_ _**Helen Rutherford**_ ## **TV, radio and online** _ITV News came to Guildford to film our beret presentation ceremony. I couldn’t believe it! We watched ourselves on the evening news and relived the moment. I’ve also been interviewed on BBC radio - it’s great to know that people really want to hear what veterans have to say._ _**Ruth Birch**_ **Chair of the Benevolent Fund Grants Committee Maj (Ret’d) Monica Jones** This year has continued to reflect a period of steady stewardship and measured demand for support across the WRAC Benevolent Fund with a modest reduction in successful applications of approximately 13%, although the complexity and vulnerability of beneficiaries remain unchanged. The Committee has remained focused on delivering timely, proportionate and compassionate assistance while safeguarding the Fund’s long-term sustainability. Financial management remains strong and revised delegated spending powers introduced in July 2025 are now fully embedded, enabling faster decisions without compromising governance. Partnership working continues to extend the reach of the Fund. Collaboration with the Veterans Charity provides direct support to ATS and WRAC veterans in need of swift support, and 2026 sees the launch of our new partnership with Lightning Reach which will enable us to reach many more eligible veterans including, crucially, those who are currently not part of the wider veteran community. For women who served but have lost touch with the Armed Forces family we hope we can give financial support where needed, and reconnect to offer the wider, holistic support of camaraderie and sisterhood. Our Annual Maintenance Grants allow us to ensure those who are living on low incomes can enjoy a good standard of living through regular weekly payments. We have reviewed these over the last financial year to ensure alignment with eligibility criteria, with new awards made alongside careful management of renewals. These measures reinforce our commitment to targeted, responsible grant-giving. Our care enhancement grants, including nursing-home top-up fees, care at home, and personal expense allowance ensure that our most vulnerable veterans can receive the best care and retain the dignity they so rightly deserve. Our Committee members and partner organisations support our charity with professionalism and dedication. Together, we continue to uphold the Fund’s mission of providing meaningful support to those who have served. ## **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. Anne lives with the lung condition COPD and her breathing problems affect her mobility. The WRAC Association provided the funds for a mobility scooter and Anne was happy to share the difference it has made to her. _I had been using a wheelchair to go shopping but as my husband is blind in one eye, he does not always see things. We were often knocking into things and saying “sorry”. It got to the stage where I looked for any excuse not to go out._ _Having the scooter gave me back my independence and the confidence to go out without spending most of the time apologising. I have quite a lot of hospital appointments, the scooter is so useful as a lot of these appointments are a long way from the car park._ _I can’t thank you enough as this really has changed my life and given me something to look forward to._ _You have gone above and beyond for the continued support. It has made a positive impact on my life and influenced my path forward. I thank you for your generosity and kindness with the continuing annuity payment and providing me with vouchers for clothing - your integrity and empathy is amazing._ _CR wanted us to pass on her heartfelt thanks and appreciation for the generous financial support she received from your benevolent fund. You provided the funding for essential roof repairs to her property and plastering and she is so very grateful for your generosity._ From a SSAFA Caseworker ## **Female Veterans Transformation Programme** The launch of the Female Veterans Toolkit brought together government, service providers, charities, serving personnel and veterans to witness the culmination of years of research, consultation and co-design. Funded by the Armed Forces Covenant Fund Trust, NHS England, and The Veterans Foundation, our project saw us engage with over 800 former servicewomen to capture the lived experience of female veterans of the Royal Navy, British Army and Royal Air Force. Our ten focus areas include physical and mental health, employment and housing, and provide specific information for Northern Ireland, Scotland and Wales, including translated resources. _“Ambitious, ground-breaking, systemic change… there can be no doubt that the Women’s Royal Army Corps Association has achieved that.”_ _**Anna Wright, Chief Executive of the Armed Forces Covenant Fund Trust and Royal Navy veteran.**_ Photo sessions at our Winchester HQ and around the UK captured female veterans expressing their individuality for a series of posters which are on display and raising awareness. Videos of the photo sessions including interviews with the participants are featured on the Office for Veterans’ Affairs YouTube channel, and the free-to-use posters are available for any organisation looking to connect with female veterans. **----- Start of picture text -----**
Bod yn Gynghreiriad
Dangos Empathi · Eiriol · Sefyll o Blaid
Beth yw
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She is many things Mae cynghreiriad yn rhywun sy’n eiriol dros gynhwysiant a grwpiau heb gynrychiolaeth fod yn
She served in the Armed Forcesddigonol er nad ydynt yn aelod o’r grŵp maen nhw’n ei amddiffyn. Er i hyn gael ei anelu’n bennaf at gyn-filwyr gwrywaidd Gyngh-reiriad?
sy’n cefnogi cyn-filwyr benywaidd, Unrhyw un. Dynion, menywod,
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FUN EXPLORERSCARAVAN menywod o ddifrif. Peidiwch datrys – byddwch yn barod â’u diystyru neu geisio’u Gwrandewch i wrando a dangoswch empathi, dyna’r cyfan.Cymerwch brofiadau a Chredwch mewn mannau preifat fel Peidiwch â chywilyddio – addysgwch, yn enwedig ymddygiad amharchus. Heriwch jôcs neu RywiaethHeriwch 2 Cefnogwch eu syniadau. Crëwch le i fenywod hymgyrchoedd.Codwch Rhannwch eu gael siarad. Leisiau
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_“This much-needed toolkit will not only help service providers to better cater to the unique needs and experiences of women veterans, but will also help to banish stereotypes and celebrate the growing female proportion of the veteran community.”_ _**Louise SandherJones MP, Minister for Veterans and People and Army veteran.**_ **The Female Veterans Transformation Programme (FVTP) Toolkit is a practical resource designed to help organisations, professionals, and services understand and better support the needs of female veterans in the UK. It’s based on research, co-production, and co-design with women who have served in the Armed Forces and organisations who support them.** Although there has been growing recognition of veterans’ needs in general, female veterans often report that their experiences, challenges, and strengths are overlooked or misunderstood. Evidence from the FVTP shows clear differences in how women experience transition and their route to the appropriate support when compared with their male colleagues. The toolkit was created to highlight and provide solutions to overcome this gap, ensuring female veterans are visible, recognised and provided with the right support at the right time. The Female Veterans Toolkit is available free-of-charge at **covenantfund.org.uk/female-veterans-toolkit** , and includes downloadable resources, evidence summaries, a self-assessment tool and examples of good practice. ## **Supporting our female veterans** **Requests for assistance most commonly granted by our Benevolent Fund** **23% Mobility aids** **26% Housing repairs and adaptations** **6% Other 7% Care and medical** **20% Household goods** **11% Funeral costs** **7% Help with debt** **111 £200,878 successful requests was spent by the for assistance were Benevolent Fund successful** **Reaching & engaging with our members and the veterans community** **Proud to work alongside:** ## **Looking to the future** ## **A Message from Vice President Colonel (Ret’d) Amanda Hassell** As I reflect on my journey since taking on the role of Vice President in March 2025, I am both humbled and inspired by the collective energy and commitment shown across our association. My vision is to forge stronger connections and collaboration between staff, trustees, area coordinators, volunteers and branch leads, working ‘better together’ to support those in need and to provide opportunities for camaraderie amongst all our female veterans. So many of our members and volunteers do such good work at branch level and organising national opportunities for us to get together through events such as the 10k run, Chatsworth cricket, Cyclefest, walking group and the beer festival, to mention a few. There is something for everyone and there are always new ideas being generated at a local level. Camaraderie is so important; we all share our military experience as women and we must continue to be proud of the service we have given, reminding the public that women served too! Looking to the year ahead we will have further opportunities to present berets and cap badges, and to welcome new members to the Association. I look forward to the development of our new website which, alongside The Lioness magazine, will be our ‘front door’ to welcoming members and advertising all that is going on in the Association. There will be a few changes to the management board this year and I look forward to working alongside our new Chair of the Membership Council, Janette Deans and new Treasurer, Barbara Johnson, and give heartfelt thanks to the outgoing members Rowena Naile and Tim Savage for their dedication to the Association. As we look forward to increasing our support for those who served in the ATS and WRAC, we will continue our influence campaign to ensure that female veterans of all three services receive the recognition and support they deserve. **----- Start of picture text -----**
Front cover, members of our South Wales branch
head to the Remembrance parade at the Cenotaph
Back cover, Association event at the
National Memorial Arboretum
wraca.org.uk
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**Women’s Royal Army Corps Association Postal address: Unit 11, Basepoint Business Centre, 1 Winnall Valley Road, Winchester SO23 0LD 0300 400 1992 info@wraca.org.uk** **Registered Charity Number 206184, founded 1919** Charity registradon number.. 206184 THE WOMEN'S ROYAL ARMY CORPS ASSOCIATION TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 HSJ Audlt Limlted The Women's Royal Army Corps Assoclatlon Contents p)ge Trustees, Report Independent Auottor's Report statement of Flnand31 ACtiv￿leS Comparative Statsment of Flnanclal ActlvStyes io Statement of Finantsal Posltlon li statement of Cash Nows 12 Notes to the Statement of Cash Flows 13 Notes to the VnarKlal Statements 14-23 The following pages do not form part of the ststutory accounts.. Detailed Statement of Financial Activities 24-25 The Women's Royal Army Corp$ Assoclation rrustee$' Report For The Year Ended 30 September 2025 The trustees present their report and the finane4al ststements for the year ended 30 September 2025. ObJ*rtive5 and A¢tlvltl4s AlJ￿ *nd ObJ•tllves The charftable Oblett of the AssociaYon is.. To promote the erriaency of the Am)y by.. l. Maintainlng contatt between fonner members of Queen Mary's Auxiliary Corps IQMAACI, the Auxiliary Territorial Service (A￿1, the Auxlllary Terrttorlal se￿iCe Territorial Army IATS TAI, Women's Royal Amy Corps IWRACI Women's Royal ArTny Corps Territorial Army {WRAC TAI, WRAC Territorial and Volunteer Reserve IWRAC TAVRI and women still serving In the Arrny, fostering mutual friendship between them and providing for social gatherln9S. 2. Fostering esprlt de corps. comradeship. welfare and preseNing the trddltlOn5 of the qMAAC, ATS. ATS ITAI. WRAC, WPAC ITA) and WRAC ITAVRI. The admlnlstration and activitles of the WRAC Assoclauon are governed by the WRAC Association Constitution 2024. Publ1¢ Benefft Tre trustees confirrn that they have complled with the requirements of SeLtlon 17 of the Char￿leS Act 2011 tr> have due regard ro the Charlty Commission's guidance on public benefi hl•vements and Pertornianc• Charltsble Artlvitl•s The WRAC Associa￿On Conbnues to further the A550ciation's oblett of fostertng esprft de corps and comradeship through the provlsion of support and opportunlties for member5 whi15r advotatirig for female veteralls publicly and strategically. Durln9 thls reportlng perlod we provlded $19nificant 5UPPOrt and numefQU5 evenis allov4ln9 our members to benefif from their status a5 WRAC veteran5. We began the year With a well-attended weekend of events in Gulldford to mark the 60th anniversary of the openin9 of the Queen Ellzatyeth Barracks, and the 50th annlversary of the Guildford pub bombing5 vihere 40 WRAC servlcevéomen were killed by the IRA alongside two Scots Guards aT)d a clv1114n. Over 100 membets paraded at the Cenotaph In November, wlth more representlny the Assoclatlon at 5ervlces atro55 the UK. Wreath5 ￿ere lald lft LoDdon. Gtsildford Iwhere we retaln the Freedom of the Boroughl, and In each of our 8 Association areas Iscouand and Nl, North East, North West, Centfdl, Wales and The West, Eastern, London and South East, South and South westl. Our summer event was held In luly at Bletchley Park as we remembered the work of ATS servlcebyomefi worklng at the hotne of the decode￿ thrDughout WWII includlng Betty Webb MBE, an active member of our Associatwjn svho died lust a few rnonths earlier aged 101. The main event during this perfod wa5 our Grand Reunion in March, when almosr 350 members vlslted Cardiff for thls Important Irlennial event. During thls weekend, we sald farewell to our Vlce President and Chair of Trustees Fiona Gardner CBE at our AGM, and to our Padre the Rev Susan Wing who have both ￿tired from their positions. Col Amanda Hassell Wa5 elected as VP aDd Chalr of Tnjstees, and the Rev Trudy Hobson ha5 Jolned the A5socSatlon as our Padre Throughout the year we were privileged to the pmcess of rè-presentlng berets and cap badge5 to WRAC veterans dismlssed because of their sexuality as part of the Army's response to thÈ recommendations from the Etherton Revie¥v. r055 evenrs In Gulldford, tsrdrff and the National Memorial Artoorerum we welcomed back 39 veterans to our Corp5. Branches and grou￿ remain the principle ￿int for providing ¢omrade5hlp to our metnbers, and our Tnagazine Yhe ￿one$S. is publ￿shEd t¥wice a year wlth reports from our members and informatson about future events in ¥Yhlch they can get Involved. Our social medla artivity conllnJes to Increase, partlcularty through our Facebook page which has $een 51gnlflc4nt rise in engayèment over the last 12 month5. We contlnue to support our ATS and WRAC Veterans Lhrough our Benevolent Fund grant5. Working closely wlth SSAFA and RtyL The Fem¥le Veterans. Transformation Programtne IFvfpi Continued apa￿ with signlficant engageffteDt across the veteran charity sector, statutory providers Including NHS bodles and trusts, government includin9 Cablnet Office, offi￿ for Veterans. Affairs, and the devolved natlonslveterans, commlssloner5 of Northem Ireland, Scotland and Wales. Followlng successful three-year term on the Executsve Board of COBSEO. our CEO was eletted for a further three-year term and continue5 to engage wlth govemment. statutory bodies and the Armed Forces charity sector to ensure female veteran5 are consldered in the provisK>n of all relevant servlces. Page I The Women's Royal Arniy Corps Assoclatlon Trustee$. Report (continued) For The Year Ended 30 September 2025 FSnanclal Revitw Flnanclal Po$ltlon Income derlved from the Inve5tsnent portfollo is the maln Incorne stream for the A550tiatSon, supplemented by 8d hoe legacies and donation5. The Assoclatvjn showed net outgolngs of £217.741 for the year. The net gain on investments this year was £572,704, resulting In a net galn of £354,963. Tre charfty doe5 not activety fundralse or seek legacies, albeit the Chadty Is extremely appre￿a￿ve of those who have made prvvision for the Assooation in thelr wjlls. The charity ￿ceived £30,519 of legaoes irt the year. IN￿stMeNt Policy and Obitctlves The Snvesttnent oblettives are set oul in the Irivestment Pollry.. to balance incorne and capital returns over the k)ng rerm. preserve the real capital value of the funds and meet the onyoing Income requlremehts of the tharlty. Th5￿eS Instruct RBC Brewin Dolphln to manage the charfty's 1nve5ttnents. Lnvestment retums were £234,832 and at the end of the year Y)e market values were £8,528.936. Investrnent management costs of £37.882 for the year were charged to the portfolio. Rlsk Management R15k Management is a standin9 Item on the Agenda at Trustees tneetings and the Risk Register ￿viewed ¢gJlar1y by the Management Board. Succes51on planning forthe offi￿rS of the Association is an ongoing risk and planning is in place, albtit those in place now are $0 for 3 years and are supported by the CEO'S £billty to step up. tskewlse* planDlThg Is In place to tnan6ge long term staff atsSen￿. Re8•N•8 A Reserv￿ Pollcy provlde5 es5entlal accounta￿lIty to funders, donors and other stakeholdets and Is held to help the tharlty opernre eNldently. The charity uses easlly ￿¢￿sIble cash from Special Intere# Bearing Accounts ISIBAI to meet the usual operatin9 Costs. The worklng reserve Is 3 months of the budgeted operating costs and Is available froffl both SIBA and Brewin Dolphin. tiquldlty and cash reserve5 are FnonitDred by the Hnanclal Officer and reported gua￿rIV to the Management Board. When revievéing the Reserves Pollcy Trustees always seek advlce on market condltlons trotn the Inve5tFnent Nanager. At the end of the year the thanty hekl total reserves of £8.618,014 of which E8.539,664 wa5 unrestricted, £76,684 was restThcted to the Female Veterans. Transfvmiation Prograrnme and £1,666 re5tnrted 10 the COBSEO Fem?le Cluster Group. Future Dev*lopm•nts Throughout 2025 we will continue the prrJtsSS of re-presenting berets and cap badges to WRAC veterans as part of the Army's response to the recommendatloD5 from the Etherton Revle4Y. In NoveTnber, the FemalÈ VÈtÈrans' Toolkit w511 be launched )s part of the Fvfp, providing a rdnge of resource5 which wlll slgnincantly Improve outcome5 for ftrnale veterans accessing servites in the UK. Code5igned With female veterans and stakeh¢laets from across the sertor and spanning the Royal Navy, Bntish Army Roy81 Alr For￿, thls importsnt resource w511 provlde much needed support for agendes cornmltted to Impmvlng thelr dellvery to women who have served In the Armed Forces. Strnctur*. Gov*rn4n¢¢ 4nd Management Gov*rnTn9 Document The Women's Royal Amiy Corps Assouation. in¢orporatln9 Queen Nary's Amiy Auxilk3ry Corps and Auxlllary Terftortal Service Comrades Association, 15 a registered charlty, fDvnded by a trust deed in 1919. The Association is gDverned by the rules and reoulatlons set down In the trust deed. Followlng advice recelved from the Charity Comm155loner during the year ended 31 October 2000, two related but vlously separate chariti* (The Auxiliary Territtsrial Service Benevolent Fund & the Women's Roya1 Army Corps Benevolent Fund, and The Princess Royal's Memodal Fund) were amalg?mated wlth the Association. The Auxiliary Tethtorial Servl¢e Benevolent Fund was established by a trust deed on i August 1944. The Wornen'5 Royal Army Corps Berievolent Fund was establlshed by a trust deed on 28 December 1950. The Benevolent Funds were comblned under a scheme of the Charity Commissioner on 28 April 1961. This scheme was superseded by another scheme on 21 October 1964, and subsequent supplemental or(Jers dated 17 February 1993 and 3 April 1997. copItINUED Page 2 The Women's Royal Arniy Corps Assoclatlon Trustees. Report (continued) For The Year Endad 30 September 2025 Governlng Document- contlnugd The comblDed Benevolent Funds formed ) registered charltyi govemed by the rules and reguL4tions set down in the amended trust deeds. FO￿l0￿1n9 amalgarnation with the Assoclation. the charitaL¥le registratlon of the Benevolent Funds. L¢nder charity number 247793. was removed and the funds ¥¥ere re-reg15tered as a subsidiary chadty Of the WRAC Association. The PrInc￿$ Royal's Memorial Fund was establlshed under a trust aeed dated 30 Marth 1966, and was a reglstsffd charity. under charlty nutTrber 248204. Followlng amalgamatlon %Yith the Association, the separate ch4rftable registration has eea5ed. WRAC Associatlon Iincorporaun9 Queen Mary's Anny Auxiliary Corps and The Auxiliary Territorial Servitr Comrades A550ciationl. Truste• Soltetion Methods The Trustees are the Nanaging Trustees of the WPAC Assoclation and are.. The A5sociatlon Officers- Vlce Presldent, Chalr of the Metnbershlp Couftcil. Chair of rhe Benevolent Fund and Treasurer. Eletted Mernbers- up to $. An Elected Member shall be proposed by any other frustee ènd is to be approved by the Trustees. An Elected Trustee Member shall serve for an Inltial perfod up to 3 years and thereafter may be re-appointed and serve for to two more conse¢utive 3-year terms 19 years In totall with annual Btyflcatlon by the Trnstees. Tenure as an ofFicer does r￿t run concurrently wlth that of a Trtsstee The Trusiees are supported by the CEO, Finjnce & Governance offlcer & Grants offlcer. The Membershlp Counol Is responsible for ofFering advice and recommendatlons to Trustees on membershlp matters for WRAC Associatbn Branches. Member5 and the wlder Service thanty settor, particularly In relation to fflembership relatlons. The Membet5hlp Counol consist5 Of: Chair of the Membershlp Council la Trustee) Chair of the Benevoknt Fund la Trustee) All Llfe Vlce Presldents All Arca Co-ordlDators Editor of the ￿One55 ex offi¢iD onorary AppolntmeDts w￿￿[n the Assodation to act as ex officio rnembers le.g. Lawyer and Padre) ex￿pt the Treasurer who is an Offior of the A5socladon. The Role of Tru$t•O5 To provlde the level of Governance necessary for the WRAC Assoclation, the Trustee5 are experted to attend all Tnjstee Meetlngs, the AGN. and at least one Major Grants Commlttee r4eetings IMGCNI a year, prknr to which a newly Inducted Trustee would be expetted to sh3dow a MGCM at least ¢nce. The WRAC Assoclatyon continues to subscribe to the Charlty Commission's on-line updates, the COBSEO ne￿$letter, Go¥.UK update5 and NCVO e-bulktin%. Trustees are required t¢ dlsc105e all relevant interests and reglster them wlth the VI￿ President and in aecordance with the. WRAC A5sodarion's policy are to withdraw from dec1510ns where a conflict of Interest arises. Key M•nay•ment Remuneratlon All Trustees give of thelr tiffle freely and no Trustee ￿muneFat1on wa5 pald In the reporting year. Details of Trustee expenses and ￿lated partv transactions are di5d05ed IN thls repDrt. Oryanisatlonal Structur* Management Board The Membership Council is responsible to the Management Board for growln9, revlewing, monrtodng and makin9 declsion5 on rnembership, membershlp styucture and events. The Mernbershlp Coun¢il sets the dlrettion for relatlonshlps witn WRAC Assotiation Branches and the Wider Serrf1￿ charity Sector and Is a forum for recommending change to Trustees as It affects ts)e Mernbershlp. It is supported by other sub commlitees forTned for speoflc purposes. The mefflbers of the Nanagetnent 8oard are.. Vice Presldent & Chalr gf BDard of Trustee5 Chair of Nembership Councll land Deputy vice Presldenti Chalr of Benevolent Fund Treasurer Chief Executlve Offi￿r Page 3 The Womèn's Royal Army Corps Association Trustees. Report (contlnued) For The Year Ended 30 September 2025 fjovern•nce A Governance Audit took place In June 2022. The COB5EO audit tool. appmved by the Charlty Commlsslon was used. The overall score was 71180,. a green outcome overdll indicating good gDveTnance. The Trustees intend to follow thls procedure on a 3-yearly basls alongslde the audlt of Trustee skills a150 3-yearfy. The next Govemance and Skllls Audits wlll take place in the summer of 2025. Refer*n¢o and Admlnlstratlve Detalls Trusteej Ms V W Buck (appointed 15109120251 Ns S F Veillard-Thomas Nalor M C Jones Lt C¢l¢nel T Savage Ns J Deans lappoirited 19105120251 Ns S Mackenzie N5 B johnson N5 D Menday Ns S A Whitehe8d Colonel A Hassell M5 H Merrington-Rust Lt Colonel R C Trlaile NBE Br1g F G8rdner CBE Ireslgned 22103120251 Other Pt*￿￿￿¢1 Nrs P Rogers- Chief Executive Offlcer Nrs J Winfield- Finance & Governance Offlcer Ch4rtty Number 2Q6184 Prlnclpal Address ATR Wlnchester Slr John Moore Barrack5 Building 24 Andover Road Winchester HampshlrÈ S022 6NQ Audbtor9 HSJ Audlt Umlted Hazel House Sevem Drive Newport Newport NPIO 8FY Bankers Royal Bank of Scotland 31-37 Victorla Road Farmborough Investment Manager BC Brewin Oolphin 12, Srnithfield Street London ECIA 9BD Page 4 The Women's Royal Army Corps Assoclation Trustees. Report (contlnued) For The Year Ended 30 September 2025 st4tsment of Trnst•e$' Rospon$5blllties The trustee5 are responsible for prepanng the Trustets. Keport and the finandal statetnents In accordance wlth appllcable lav4 nd Unltsd Kingdom A¢¢ounting Standards (United Kingdorn Generally Accepted Ac¢ountiThg Practice). The law applicable to charltles In England and Wales requires the trugtees to prepare financlal statements for each financlal year which give a true and fair view Df the state of affair5 of the charity and of the incoming resources antl application of resources Of the charity for that penod. In preparing the financial statements the trustees are requlred to., selett suitable accounyng policies and then apply them con$1stently.' observe the methods and prln£iple5 in the Charity SORP. make Judgments and accounting estitnate5 that are reasonable and pnjdent,. state svhether applicable accounwng Standards have been followed., subject to any departures dlsclosed and explaloed In the financial statements,. and prepare the financial sratements on the golng cOn￿rn basls unle55 It is inappropnate to presume thar the chanty will continue in business. The trustees are responsible for keeplng adequate aCCDUntirig records which disclose with re3s0nable accuraLy at aDydme Ihe ftnangal positlon r>[ the ch8rlty and to enable them to ensure that the accounts comply with the Charitie5 Act 2011. the Chanty (Atrounts and Rep¢rt51 Re9ulabons 2008 and the provislons of the trust deed. They are also responsible for safeguardin9 the assets of the charity and hen￿ for taking reasonable steps for the prevention and detettion of fraud and other irregularitles. The trustee5 are responsible for the malntenanee and Integrity of the corporate and financlal inforrnation included on the charity's *ebslte. Legislatlon In the United Kingdom govemlng the P￿paratIOn and d￿SemInatiOn of financlal staternents may dlffer frgm legislatlon In other JurSsdictlOn5. The trustees. rewt was approved by the b￿rd of tru5tee5 and slgned on Its behalf by.. Colonel A Hasso11 Trustee Date page 5 Independent Auditor's Report to the Mémbers of The Women's Royal Arniy Corps As$o¢latlon Opinion We have audited the finan￿31 statements of The Women'5 Royal Army Corps Associatron Ithe'charity'l for the year ended 30 September 2025 which Comprlse the Statement of Finanual Activities lincludino Income aDd ExpendibJre Account), ststement of Flnancl81 Posltion, Statement of Cash Flow5 and the related notes, includlng a summary of sionificant accountlng pollcles. The ffnanclal reportlng framework that ha5 ben applied in thelr preparation Is appllcable law and United Klngdom A¢¢ounting Standards (Unlted Kingdorn Generally AC￿pted Accountriig Pratti¢el, Intludin9 FRS 102 Yhe Finan¢ial Repor￿￿9 Standard applicable In the UK ind Republic of Ireland". In our opinlon the financial statements: give a true and fair vieby of the state of the charty's affairs as at 30 September 2025 and of Its In¢omlng ￿ourCeS and applicatlon of resources, for the year then ended., have been property prepared in aCcordaTh￿ wlth Unlted Klngdom Generally Accepted Accountlng Practlce.. and have been prepared ITh accordance with the requirement5 of the chariti￿ Act 2011. BJ515 for oplnlon We conducted our audit In accordance wlth Intematlonal Standards on Auditing IUKI IISAS IVKII and applicable law. Oyr responslbllitie5 under those strndards are further descTibed in the Audltor's responslbllltles for the audit of the financlal statemÈnt5 section of our report. We are inoependent of the charty in accordance with the ethical requirements that are relevant to our audlt of the financial statements in the UK, including the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We belleve rhat the audit evidenee we have obtalned Is sufficient and approprFate to prpvlde a basls for our oplnion. Concluslons Relatlng to Golng Concern In audlting the financial Statements, we have concluded that the trustees, use of the golng concern basls of 4ccDunting in the prepaTation of the financial staternethts Is appropriate. Based on the work we have performed, vée have not identified any material untrrtainties ￿PatIng to events or condltlons that, Individually or collectively, may slgnlflcant dDubt on the chanty's ability to continue as a going contrrn for a period of at least 12 months from when the flnanclal staternents arE authorised for issue. Our responsibilities and the ￿ponsIbIlitieS of the trustees syith respect to 90in9 concern are described in the relevant settions of thls report. Other Information Tne other information (*mprlses the Inlomia￿on Included In the anfiual report, other than the financlal statements and our auditorfs report thereoD. The trusrees are responslble for the other InforTnatlon conlalned within the annual report. Our oplniDn on the fihancial statements doe5 not cover the other information and we do not expre55 aTTry fortn of I55uran¢e conclJsi¢n the￿Th. In connertion our audit of the financlal statements, our responsibility Is to re3d the Dther information and. in doing 50, consider whether the other ￿nforMatIOn Is materially iTrconslstent wlth the finaDcial 5ktements or our knowledge ¢bralned In the audit or othenvise appears w bè materially misstated. If we identlfy Suth material inconslstencles or apparent material mi55tatements, we are requlred to determine whether th15 give5 rise to I tnaterial misstatemenf In the Ilnanclal sratements themselves. If, based on the byork we have perforrned, vée conclude that there is a material rnisstatement of thls other Informatlon, we are reqUI￿d to report that facr. We have nothin9 to oport In thls reg4rd. Matters on Wbl¢h We Ave Requirtd to Report by Exceptlon We have nothiny tD repDrt in ￿SpeCt of the following rnatters in relation to whld) the cha￿￿e5 (Accounts and Reports) Regulations 2008 requi￿ us to tEPOrt to you If, in our opinion.. the inforrnation given In the Trustees. RerKJrt is incon5i5tent in any mèterlal ￿Spect with the f*nan£lal statement5; or sufficient accountlng record5 have Dol been kept,. or the financlal Statements are not In ègreement wlth the accounting record5 or return5,' or • we have not recelved all the informatlon and expLanaJons we require for our audit. Page 6 Independent Audltor's Report (contlnued) to the Members of The Women'$ Royal Arniy Corps Association R•spon$lbillt5es rjf Tru5tea$ As explained rnore fully in the Trustre5' ResponsibillUes StatsmeTrt Set out on page 1-5, the trustees are re5POn5ible for the preparatlon of the financlal statements and ft>r belng satisfied that they give a truÈ fair vlew. and for such internal control as the trustee5 determine 15 necÈssary to enable the preparatyon of financlal statements that are free from materfal misstatement, whether due to fraud or error. In preparlng the financlal statements, the trustees are reSponsIb￿ for assesslng the charity's ablllty to contlnue as a going concern, dlsclosingi a5 applltsble, matter5 related to going con¢eTh and uslng the golng concern basis of accountlng unless the trustees either intend to liquidate the thantv or to cease opeotiOn5, or have no realistic alterna￿ve but to do $0. Audltor's R•$ponsibllltle8 for the Audit of the Nnanual StJt•rnent8 We have beèn appolnted as audltor under sectl¢n 144 of the Charitles Act 20II and rewrt In acwrdance with the Att and relevant regulatsons made or having effect thereunder. Our obiethves are to obtsin reasonable assurance aboui whether the fiTranclal statements as a ¥vhole are free from tnateTha1 misstatement, whether due to fraud or error. and to issue an auditor's report that Indudes our opinlon. keason3ble ￿SUranCe Is a high level of assurance, but Is not a guarantee that an audit collducted In atcordance wlth ISAS IVKI wl11 always ¢Jetert a material m15Statement vlhen it exists. Nisstratements (an arise from ftaud or error and are considered material if, individually or In the aggregate, they could reasonably be expected to Influence the economlc decisions of users taken on the basls of these ftnandal #atefflents. The extent to syhlch our procedures are capable of detecting iryularltles, induding fraud Is detailed below: We obtain and update our understanding of ty)e entity, its actlvltles, Its eontrol environment, and Ilkely f￿tU￿ developments, Including In rebtyon to the le9al and regulatory framework applicable 3nd how the entlty Is complying wlth that framework. We comrnunlcated identthed fraud risks throughout the engagement team and remalryed alert throughout the engauement proces5 for any indlcations of fvaud. As requlred by the audlting standards, we Identrfy and assess the r15k of materlal misstatefflent of finandal statements, whether due 10 fraud or error, in particular revenue recognition and Tnanagement Dverride of control. We design and perform audit procedures re5ponslve to those risks, and obtain audit evldence that 1$ 5uffic*ent and appmpnate to provide a basis for our Oplnlon. This indudes consideration of the rlsk of arts by the entity that were eontrary to appll¢aNe laws and regulatlons, Includlng fraud. In response to the risk of matsrial mlsst4kment and non-compllan£e wth laws and regulations, includlng fraud, we deslgned procedures whlch induded: Enqulry of mariagement and those charged with governan￿ around aLtsal and potential Iltigation and claims as well as actual, 5usperted and alleged fraud: Reviewing minutes of meerin9s of those charged w￿h governance,. 4sse55ing the extent of compliance with the laws and regulatlons considèred to have a direct material effect on the financial Statements OT the operations of the entity throuoh enquiry and Inspection: Reviewlng financibl statement have due regard ro the Charlty Commission's guidance on public benefi hl•vements and Pertornianc• Charltsble Artlvitl•s The WRAC Associa￿On Conbnues to further the A550ciation's oblett of fostertng esprft de corps and comradeship through the provlsion of support and opportunlties for member5 whi15r advotatirig for female veteralls publicly and strategically. Durln9 thls reportlng perlod we provlded $19nificant 5UPPOrt and numefQU5 evenis allov4ln9 our members to benefif from their status a5 WRAC veteran5. We began the year With a well-attended weekend of events in Gulldford to mark the 60th anniversary of the openin9 of the Queen Ellzatyeth Barracks, and the 50th annlversary of the Guildford pub bombing5 vihere 40 WRAC servlcevéomen were killed by the IRA alongside two Scots Guards aT)d a clv1114n. Over 100 membets paraded at the Cenotaph In November, wlth more representlny the Assoclatlon at 5ervlces atro55 the UK. Wreath5 ￿ere lald lft LoDdon. Gtsildford Iwhere we retaln the Freedom of the Boroughl, and In each of our 8 Association areas Iscouand and Nl, North East, North West, Centfdl, Wales and The West, Eastern, London and South East, South and South westl. Our summer event was held In luly at Bletchley Park as we remembered the work of ATS servlcebyomefi worklng at the hotne of the decode￿ thrDughout WWII includlng Betty Webb MBE, an active member of our Associatwjn svho died lust a few rnonths earlier aged 101. The main event during this perfod wa5 our Grand Reunion in March, when almosr 350 members vlslted Cardiff for thls Important Irlennial event. During thls weekend, we sald farewell to our Vlce President and Chair of Trustees Fiona Gardner CBE at our AGM, and to our Padre the Rev Susan Wing who have both ￿tired from their positions. Col Amanda Hassell Wa5 elected as VP aDd Chalr of Tnjstees, and the Rev Trudy Hobson ha5 Jolned the A5socSatlon as our Padre Throughout the year we were privileged to the pmcess of rè-presentlng berets and cap badge5 to WRAC veterans dismlssed because of their sexuality as part of the Army's response to thÈ recommendations from the Etherton Revie¥v. r055 evenrs In Gulldford, tsrdrff and the National Memorial Artoorerum we welcomed back 39 veterans to our Corp5. Branches and grou￿ remain the principle ￿int for providing ¢omrade5hlp to our metnbers, and our Tnagazine Yhe ￿one$S. is publ￿shEd t¥wice a year wlth reports from our members and informatson about future events in ¥Yhlch they can get Involved. Our social medla artivity conllnJes to Increase, partlcularty through our Facebook page which has $een 51gnlflc4nt rise in engayèment over the last 12 month5. We contlnue to support our ATS and WRAC Veterans Lhrough our Benevolent Fund grant5. Working closely wlth SSAFA and RtyL The Fem¥le Veterans. Transformation Programtne IFvfpi Continued apa￿ with signlficant engageffteDt across the veteran charity sector, statutory providers Including NHS bodles and trusts, government includin9 Cablnet Office, offi￿ for Veterans. Affairs, and the devolved natlonslveterans, commlssloner5 of Northem Ireland, Scotland and Wales. Followlng successful three-year term on the Executsve Board of COBSEO. our CEO was eletted for a further three-year term and continue5 to engage wlth govemment. statutory bodies and the Armed Forces charity sector to ensure female veteran5 are consldered in the provisK>n of all relevant servlces. Page I The Women's Royal Arniy Corps Assoclatlon Trustee$. Report (continued) For The Year Ended 30 September 2025 FSnanclal Revitw Flnanclal Po$ltlon Income derlved from the Inve5tsnent portfollo is the maln Incorne stream for the A550tiatSon, supplemented by 8d hoe legacies and donation5. The Assoclatvjn showed net outgolngs of £217.741 for the year. The net gain on investments this year was £572,704, resulting In a net galn of £354,963. Tre charfty doe5 not activety fundralse or seek legacies, albeit the Chadty Is extremely appre￿a￿ve of those who have made prvvision for the Assooation in thelr wjlls. The charity ￿ceived £30,519 of legaoes irt the year. IN￿stMeNt Policy and Obitctlves The Snvesttnent oblettives are set oul in the Irivestment Pollry.. to balance incorne and capital returns over the k)ng rerm. preserve the real capital value of the funds and meet the onyoing Income requlremehts of the tharlty. Th5￿eS Instruct RBC Brewin Dolphln to manage the charfty's 1nve5ttnents. Lnvestment retums were £234,832 and at the end of the year Y)e market values were £8,528.936. Investrnent management costs of £37.882 for the year were charged to the portfolio. Rlsk Management R15k Management is a standin9 Item on the Agenda at Trustees tneetings and the Risk Register ￿viewed ¢gJlar1y by the Management Board. Succes51on planning forthe offi￿rS of the Association is an ongoing risk and planning is in place, albtit those in place now are $0 for 3 years and are supported by the CEO'S £billty to step up. tskewlse* planDlThg Is In place to tnan6ge long term staff atsSen￿. Re8•N•8 A Reserv￿ Pollcy provlde5 es5entlal accounta￿lIty to funders, donors and other stakeholdets and Is held to help the tharlty opernre eNldently. The charity uses easlly ￿¢￿sIble cash from Special Intere# Bearing Accounts ISIBAI to meet the usual operatin9 Costs. The worklng reserve Is 3 months of the budgeted operating costs and Is available froffl both SIBA and Brewin Dolphin. tiquldlty and cash reserve5 are FnonitDred by the Hnanclal Officer and reported gua￿rIV to the Management Board. When revievéing the Reserves Pollcy Trustees always seek advlce on market condltlons trotn the Inve5tFnent Nanager. At the end of the year the thanty hekl total reserves of £8.618,014 of which E8.539,664 wa5 unrestricted, £76,684 was restThcted to the Female Veterans. Transfvmiation Prograrnme and £1,666 re5tnrted 10 the COBSEO Fem?le Cluster Group. Future Dev*lopm•nts Throughout 2025 we will continue the prrJtsSS of re-presenting berets and cap badges to WRAC veterans as part of the Army's response to the recommendatloD5 from the Etherton Revle4Y. In NoveTnber, the FemalÈ VÈtÈrans' Toolkit w511 be launched )s part of the Fvfp, providing a rdnge of resource5 which wlll slgnincantly Improve outcome5 for ftrnale veterans accessing servites in the UK. Code5igned With female veterans and stakeh¢laets from across the sertor and spanning the Royal Navy, Bntish Army Roy81 Alr For￿, thls importsnt resource w511 provlde much needed support for agendes cornmltted to Impmvlng thelr dellvery to women who have served In the Armed Forces. Strnctur*. Gov*rn4n¢¢ 4nd Management Gov*rnTn9 Document The Women's Royal Amiy Corps Assouation. in¢orporatln9 Queen Nary's Amiy Auxilk3ry Corps and Auxlllary Terftortal Service Comrades Association, 15 a registered charlty, fDvnded by a trust deed in 1919. The Association is gDverned by the rules and reoulatlons set down In the trust deed. Followlng advice recelved from the Charity Comm155loner during the year ended 31 October 2000, two related but vlously separate chariti* (The Auxiliary Territtsrial Service Benevolent Fund & the Women's Roya1 Army Corps Benevolent Fund, and The Princess Royal's Memodal Fund) were amalg?mated wlth the Association. The Auxiliary Tethtorial Servl¢e Benevolent Fund was established by a trust deed on i August 1944. The Wornen'5 Royal Army Corps Berievolent Fund was establlshed by a trust deed on 28 December 1950. The Benevolent Funds were comblned under a scheme of the Charity Commissioner on 28 April 1961. This scheme was superseded by another scheme on 21 October 1964, and subsequent supplemental or(Jers dated 17 February 1993 and 3 April 1997. copItINUED Page 2 The Women's Royal Arniy Corps Assoclatlon Trustees. Report (continued) For The Year Endad 30 September 2025 Governlng Document- contlnugd The comblDed Benevolent Funds formed ) registered charltyi govemed by the rules and reguL4tions set down in the amended trust deeds. FO￿l0￿1n9 amalgarnation with the Assoclation. the charitaL¥le registratlon of the Benevolent Funds. L¢nder charity number 247793. was removed and the funds ¥¥ere re-reg15tered as a subsidiary chadty Of the WRAC Association. The PrInc￿$ Royal's Memorial Fund was establlshed under a trust aeed dated 30 Marth 1966, and was a reglstsffd charity. under charlty nutTrber 248204. Followlng amalgamatlon %Yith the Association, the separate ch4rftable registration has eea5ed. WRAC Associatlon Iincorporaun9 Queen Mary's Anny Auxiliary Corps and The Auxiliary Territorial Servitr Comrades A550ciationl. Truste• Soltetion Methods The Trustees are the Nanaging Trustees of the WPAC Assoclation and are.. The A5sociatlon Officers- Vlce Presldent, Chalr of the Metnbershlp Couftcil. Chair of rhe Benevolent Fund and Treasurer. Eletted Mernbers- up to $. An Elected Member shall be proposed by any other frustee ènd is to be approved by the Trustees. An Elected Trustee Member shall serve for an Inltial perfod up to 3 years and thereafter may be re-appointed and serve for to two more conse¢utive 3-year terms 19 years In totall with annual Btyflcatlon by the Trnstees. Tenure as an ofFicer does r￿t run concurrently wlth that of a Trtsstee The Trusiees are supported by the CEO, Finjnce & Governance offlcer & Grants offlcer. The Membershlp Counol Is responsible for ofFering advice and recommendatlons to Trustees on membershlp matters for WRAC Associatbn Branches. Member5 and the wlder Service thanty settor, particularly In relation to fflembership relatlons. The Membet5hlp Counol consist5 Of: Chair of the Membershlp Council la Trustee) Chair of the Benevoknt Fund la Trustee) All Llfe Vlce Presldents All Arca Co-ordlDators Editor of the ￿One55 ex offi¢iD onorary AppolntmeDts w￿￿[n the Assodation to act as ex officio rnembers le.g. Lawyer and Padre) ex￿pt the Treasurer who is an Offior of the A5socladon. The Role of Tru$t•O5 To provlde the level of Governance necessary for the WRAC Assoclation, the Trustee5 are experted to attend all Tnjstee Meetlngs, the AGN. and at least one Major Grants Commlttee r4eetings IMGCNI a year, prknr to which a newly Inducted Trustee would be expetted to sh3dow a MGCM at least ¢nce. The WRAC Assoclatyon continues to subscribe to the Charlty Commission's on-line updates, the COBSEO ne￿$letter, Go¥.UK update5 and NCVO e-bulktin%. Trustees are required t¢ dlsc105e all relevant interests and reglster them wlth the VI￿ President and in aecordance with the. WRAC A5sodarion's policy are to withdraw from dec1510ns where a conflict of Interest arises. Key M•nay•ment Remuneratlon All Trustees give of thelr tiffle freely and no Trustee ￿muneFat1on wa5 pald In the reporting year. Details of Trustee expenses and ￿lated partv transactions are di5d05ed IN thls repDrt. Oryanisatlonal Structur* Management Board The Membership Council is responsible to the Management Board for growln9, revlewing, monrtodng and makin9 declsion5 on rnembership, membershlp styucture and events. The Mernbershlp Coun¢il sets the dlrettion for relatlonshlps witn WRAC Assotiation Branches and the Wider Serrf1￿ charity Sector and Is a forum for recommending change to Trustees as It affects ts)e Mernbershlp. It is supported by other sub commlitees forTned for speoflc purposes. The mefflbers of the Nanagetnent 8oard are.. Vice Presldent & Chalr gf BDard of Trustee5 Chair of Nembership Councll land Deputy vice Presldenti Chalr of Benevolent Fund Treasurer Chief Executlve Offi￿r Page 3 The Womèn's Royal Army Corps Association Trustees. Report (contlnued) For The Year Ended 30 September 2025 fjovern•nce A Governance Audit took place In June 2022. The COB5EO audit tool. appmved by the Charlty Commlsslon was used. The overall score was 71180,. a green outcome overdll indicating good gDveTnance. The Trustees intend to follow thls procedure on a 3-yearly basls alongslde the audlt of Trustee skills a150 3-yearfy. The next Govemance and Skllls Audits wlll take place in the summer of 2025. Refer*n¢o and Admlnlstratlve Detalls Trusteej Ms V W Buck (appointed 15109120251 Ns S F Veillard-Thomas Nalor M C Jones Lt C¢l¢nel T Savage Ns J Deans lappoirited 19105120251 Ns S Mackenzie N5 B johnson N5 D Menday Ns S A Whitehe8d Colonel A Hassell M5 H Merrington-Rust Lt Colonel R C Trlaile NBE Br1g F G8rdner CBE Ireslgned 22103120251 Other Pt*￿￿￿¢1 Nrs P Rogers- Chief Executive Offlcer Nrs J Winfield- Finance & Governance Offlcer Ch4rtty Number 2Q6184 Prlnclpal Address ATR Wlnchester Slr John Moore Barrack5 Building 24 Andover Road Winchester HampshlrÈ S022 6NQ Audbtor9 HSJ Audlt Umlted Hazel House Sevem Drive Newport Newport NPIO 8FY Bankers Royal Bank of Scotland 31-37 Victorla Road Farmborough Investment Manager BC Brewin Oolphin 12, Srnithfield Street London ECIA 9BD Page 4 The Women's Royal Army Corps Assoclation Trustees. Report (contlnued) For The Year Ended 30 September 2025 st4tsment of Trnst•e$' Rospon$5blllties The trustee5 are responsible for prepanng the Trustets. Keport and the finandal statetnents In accordance wlth appllcable lav4 nd Unltsd Kingdom A¢¢ounting Standards (United Kingdorn Generally Accepted Ac¢ountiThg Practice). The law applicable to charltles In England and Wales requires the trugtees to prepare financlal statements for each financlal year which give a true and fair view Df the state of affair5 of the charity and of the incoming resources antl application of resources Of the charity for that penod. In preparing the financial statements the trustees are requlred to., selett suitable accounyng policies and then apply them con$1stently.' observe the methods and prln£iple5 in the Charity SORP. make Judgments and accounting estitnate5 that are reasonable and pnjdent,. state svhether applicable accounwng Standards have been followed., subject to any departures dlsclosed and explaloed In the financial statements,. and prepare the financial sratements on the golng cOn￿rn basls unle55 It is inappropnate to presume thar the chanty will continue in business. The trustees are responsible for keeplng adequate aCCDUntirig records which disclose with re3s0nable accuraLy at aDydme Ihe ftnangal positlon r>[ the ch8rlty and to enable them to ensure that the accounts comply with the Charitie5 Act 2011. the Chanty (Atrounts and Rep¢rt51 Re9ulabons 2008 and the provislons of the trust deed. They are also responsible for safeguardin9 the assets of the charity and hen￿ for taking reasonable steps for the prevention and detettion of fraud and other irregularitles. The trustee5 are responsible for the malntenanee and Integrity of the corporate and financlal inforrnation included on the charity's *ebslte. Legislatlon In the United Kingdom govemlng the P￿paratIOn and d￿SemInatiOn of financlal staternents may dlffer frgm legislatlon In other JurSsdictlOn5. The trustees. rewt was approved by the b￿rd of tru5tee5 and slgned on Its behalf by.. Colonel A Hasso11 Trustee Date page 5 Independent Auditor's Report to the Mémbers of The Women's Royal Arniy Corps As$o¢latlon Opinion We have audited the finan￿31 statements of The Women'5 Royal Army Corps Associatron Ithe'charity'l for the year ended 30 September 2025 which Comprlse the Statement of Finanual Activities lincludino Income aDd ExpendibJre Account), ststement of Flnancl81 Posltion, Statement of Cash Flow5 and the related notes, includlng a summary of sionificant accountlng pollcles. The ffnanclal reportlng framework that ha5 ben applied in thelr preparation Is appllcable law and United Klngdom A¢¢ounting Standards (Unlted Kingdorn Generally AC￿pted Accountriig Pratti¢el, Intludin9 FRS 102 Yhe Finan¢ial Repor￿￿9 Standard applicable In the UK ind Republic of Ireland". In our opinlon the financial statements: give a true and fair vieby of the state of the charty's affairs as at 30 September 2025 and of Its In¢omlng ￿ourCeS and applicatlon of resources, for the year then ended., have been property prepared in aCcordaTh￿ wlth Unlted Klngdom Generally Accepted Accountlng Practlce.. and have been prepared ITh accordance with the requirement5 of the chariti￿ Act 2011. BJ515 for oplnlon We conducted our audit In accordance wlth Intematlonal Standards on Auditing IUKI IISAS IVKII and applicable law. Oyr responslbllitie5 under those strndards are further descTibed in the Audltor's responslbllltles for the audit of the financlal statemÈnt5 section of our report. We are inoependent of the charty in accordance with the ethical requirements that are relevant to our audlt of the financial statements in the UK, including the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We belleve rhat the audit evidenee we have obtalned Is sufficient and approprFate to prpvlde a basls for our oplnion. Concluslons Relatlng to Golng Concern In audlting the financial Statements, we have concluded that the trustees, use of the golng concern basls of 4ccDunting in the prepaTation of the financial staternethts Is appropriate. Based on the work we have performed, vée have not identified any material untrrtainties ￿PatIng to events or condltlons that, Individually or collectively, may slgnlflcant dDubt on the chanty's ability to continue as a going contrrn for a period of at least 12 months from when the flnanclal staternents arE authorised for issue. Our responsibilities and the ￿ponsIbIlitieS of the trustees syith respect to 90in9 concern are described in the relevant settions of thls report. Other Information Tne other information (*mprlses the Inlomia￿on Included In the anfiual report, other than the financlal statements and our auditorfs report thereoD. The trusrees are responslble for the other InforTnatlon conlalned within the annual report. Our oplniDn on the fihancial statements doe5 not cover the other information and we do not expre55 aTTry fortn of I55uran¢e conclJsi¢n the￿Th. In connertion our audit of the financlal statements, our responsibility Is to re3d the Dther information and. in doing 50, consider whether the other ￿nforMatIOn Is materially iTrconslstent wlth the finaDcial 5ktements or our knowledge ¢bralned In the audit or othenvise appears w bè materially misstated. If we identlfy Suth material inconslstencles or apparent material mi55tatements, we are requlred to determine whether th15 give5 rise to I tnaterial misstatemenf In the Ilnanclal sratements themselves. If, based on the byork we have perforrned, vée conclude that there is a material rnisstatement of thls other Informatlon, we are reqUI￿d to report that facr. We have nothin9 to oport In thls reg4rd. Matters on Wbl¢h We Ave Requirtd to Report by Exceptlon We have nothiny tD repDrt in ￿SpeCt of the following rnatters in relation to whld) the cha￿￿e5 (Accounts and Reports) Regulations 2008 requi￿ us to tEPOrt to you If, in our opinion.. the inforrnation given In the Trustees. RerKJrt is incon5i5tent in any mèterlal ￿Spect with the f*nan£lal statement5; or sufficient accountlng record5 have Dol been kept,. or the financlal Statements are not In ègreement wlth the accounting record5 or return5,' or • we have not recelved all the informatlon and expLanaJons we require for our audit. Page 6 Independent Audltor's Report (contlnued) to the Members of The Women'$ Royal Arniy Corps Association R•spon$lbillt5es rjf Tru5tea$ As explained rnore fully in the Trustre5' ResponsibillUes StatsmeTrt Set out on page 1-5, the trustees are re5POn5ible for the preparatlon of the financlal statements and ft>r belng satisfied that they give a truÈ fair vlew. and for such internal control as the trustee5 determine 15 necÈssary to enable the preparatyon of financlal statements that are free from materfal misstatement, whether due to fraud or error. In preparlng the financlal statements, the trustees are reSponsIb￿ for assesslng the charity's ablllty to contlnue as a going concern, dlsclosingi a5 applltsble, matter5 related to going con¢eTh and uslng the golng concern basis of accountlng unless the trustees either intend to liquidate the thantv or to cease opeotiOn5, or have no realistic alterna￿ve but to do $0. Audltor's R•$ponsibllltle8 for the Audit of the Nnanual StJt•rnent8 We have beèn appolnted as audltor under sectl¢n 144 of the Charitles Act 20II and rewrt In acwrdance with the Att and relevant regulatsons made or having effect thereunder. Our obiethves are to obtsin reasonable assurance aboui whether the fiTranclal statements as a ¥vhole are free from tnateTha1 misstatement, whether due to fraud or error. and to issue an auditor's report that Indudes our opinlon. keason3ble ￿SUranCe Is a high level of assurance, but Is not a guarantee that an audit collducted In atcordance wlth ISAS IVKI wl11 always ¢Jetert a material m15Statement vlhen it exists. Nisstratements (an arise from ftaud or error and are considered material if, individually or In the aggregate, they could reasonably be expected to Influence the economlc decisions of users taken on the basls of these ftnandal #atefflents. The extent to syhlch our procedures are capable of detecting iryularltles, induding fraud Is detailed below: We obtain and update our understanding of ty)e entity, its actlvltles, Its eontrol environment, and Ilkely f￿tU￿ developments, Including In rebtyon to the le9al and regulatory framework applicable 3nd how the entlty Is complying wlth that framework. We comrnunlcated identthed fraud risks throughout the engagement team and remalryed alert throughout the engauement proces5 for any indlcations of fvaud. As requlred by the audlting standards, we Identrfy and assess the r15k of materlal misstatefflent of finandal statements, whether due 10 fraud or error, in particular revenue recognition and Tnanagement Dverride of control. We design and perform audit procedures re5ponslve to those risks, and obtain audit evldence that 1$ 5uffic*ent and appmpnate to provide a basis for our Oplnlon. This indudes consideration of the rlsk of arts by the entity that were eontrary to appll¢aNe laws and regulatlons, Includlng fraud. In response to the risk of matsrial mlsst4kment and non-compllan£e wth laws and regulations, includlng fraud, we deslgned procedures whlch induded: Enqulry of mariagement and those charged with governan￿ around aLtsal and potential Iltigation and claims as well as actual, 5usperted and alleged fraud: Reviewing minutes of meerin9s of those charged w￿h governance,. 4sse55ing the extent of compliance with the laws and regulatlons considèred to have a direct material effect on the financial Statements OT the operations of the entity throuoh enquiry and Inspection: Reviewlng financibl statement