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2024-12-31-accounts

ANNUAL REPORT 2024

ROLE

To provide rapid response teams in support of civil and military authorities during a major event, incident, or in planning and exercise roles.

FANY (PRVC) Wellington Barracks, Birdcage Walk, London, SW1E 6HQ www.fany.org.uk

REGISTERED CHARITY NUMBER 249360

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FIRST AID NURSING YEOMANRY (PRINCESS ROYAL’S VOLUNTEER CORPS)

Commandant-in-Chief

Her Royal Highness The Princess Royal, KG KT GCVO QSO

Vice-Presidents

The Rt Hon the Earl Cadogan DL Lord de Mauley TD FCA General Sir James Everard KCB CBE Major General Simon Lalor CB TD VR

Lady Lorimer MBE Mrs Kim McCutcheon OBE Lady Montagu of Beaulieu Mrs Lynda Rose MBE

Trustees

Air Vice Marshal Ranald Munro CB CBE TD VR DL (Chair)

Miss Frances Blois Mr James Bogue Mr William Cussans Mr Ian Dyson QPM DL Lt Col (retd.) Belinda Forsythe OBE Brigadier (retd.) Sam Weller MBE Mrs Caroline Squire (from Feb 2024)

Regimental Board

Commandant Lisa Giles

Deputy Corps Commander Katharine Brazier

Staff Commander Alexandra Milne MBE

The Reverend Dr Canon Flora Winfield DD DL (until Oct 24)

Commander Charlotte Fiander Commander Venla Freeman Commander Claudine Church Commander Trish Bishop Captain Dorothy Newman Mrs Caroline Squire (from Feb 24)

Plus Capt Alice Bridges (until Oct 24) and Mrs Julie Smith ex officio

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EXECUTIVE SUMMARY

2024 saw an increase in support from 2023. Members provided 753 days of support to more than 40 different organisations. This is expected to increase further during 2025 as we explore new roles. We have supported 114 deployments and three emergency deployments during the year and moved offices, once again, within Wellington Barracks to a more permanent home.

FANYs were deployed in response to the London Councils SWEP (Severe Weather Emergency Protocol) to support the Boroughs of Newham and Lambeth via the London Communities Emergencies Partnership (LCEP) and to Camden Council following the evacuation of a block of flats. FANYs deployed, for the third year running, to support Exercise DEFENCE CYBER MARVEL 3 – this time in Tallinn, Estonia. Throughout the year, FANYs have continued to support the military, the cadets, the police and organisations such as the British Red Cross and REACT.

In April, members of the Corps were awarded the Coronation Medal by our Commandant-inChief, The Princess Royal.

OBJECTIVES

Corps mission statement:

Corps values :

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GOVERNANCE

Trustees

The Trustees met four times during the year, both online and in person, to review, discuss and direct the performance of the Corps. Mrs Caroline Squire was welcomed as the Active FANY member Trustee in February 2024.

Regimental Board

The Regimental Board met four times during the year to assist the Commanding Officer in the day-to-day running of the Corps. Its responsibilities include agreeing and updating policies, selecting relevant support opportunities, ensuring delivery of appropriate training to members, appointing volunteers to roles, member engagement and subscriptions, and representing the Corps at various events.

Commanding Officer’s Forum

The annual meeting of the Commanding Officer's Forum took place online 2 October 2024. These long-serving active and associate members meet annually in an advisory capacity, contributing corporate memory to the CO’s strategic thinkin g, for the CO to solicit a range of views on the morale of the members and receive views and suggestions on the running of the Corps.

Headquarters

The HQ office moved in October 2024 to new permanent premises within the London District estate in Wellington Barracks; namely East Piquet Lodge.

Honorary Colonel

Lieutenant General Sir Tom Copinger-Symes KCB, CBE continues in the role of Honorary Colonel.

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SUPPORT TO THE CIVIL AND MILITARY AUTHORITIES

In 2024, the FANY provided 753 days of operational deployments (both routine and emergency) to over 40 organisations. This included 468 days to the military which was the largest figure since we started capturing the data in 2013.

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OPERATIONAL DEPLOYMENTS (NUMBER OF DAYS) 2024
Other
21%
Police
Military
17%
62%
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----- Start of picture text -----
DAYS OF OPERATIONAL DEPLOYMENTS
950.25
840
782.25
753.25
722.75
650.75
633.75
600
524.5 520.25
462.5
434.5
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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----- Start of picture text -----
OPERATIONAL DEPLOYMENTS
----- End of picture text -----

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The Corps remained on call 24/7 to provide a national resilience and emergency response capability following a major incident. The Corps assisted over 40 different civil and military units in 2024.

Emergency deployments:

SWEP (Severe Weather Emergency Protocol)

FANYs were deployed in response to the London Councils SWEP (Severe Weather Emergency Protocol) to support the Boroughs of Newham and Lambeth via the London Communities Emergencies Partnership (LCEP) which exists to coordinate preparedness and response to major emergencies with London's voluntary and community sector (photo left). SWEP is a voluntary process that is put in place by district housing authorities to ensure that people sleeping rough are not at risk of harm or, in the worst case, of dying during periods of extreme cold or severe weather. From Tuesday 16[th] to Saturday 20[th] January, 18 FANYs assisted at two rest centres, supported by local councils, security staff and other

voluntary sector partners. This support used our Emergency Centre Officer training delivered by the British Red Cross last year. Whilst the deployment was very quiet overnight, the FANYs recognised that the work they were doing was ultimately saving lives and therefore fulfilling one of our objectives to ‘protect life and relieve human suffering’. In total FANYs provided 17.5 days of support for this deployment and 85% of those who supported said that they would assist again.

Camden Council following evacuation of a block of flats

Approximately 150 people were evacuated from 70 flats in a high-rise block in north London after a crack developed in a ninth-floor wall. Fifty residents stayed at a rest centre in Swiss Cottage for about 16 hours, supported by the council, the British Red Cross and the FANY, where their needs were assessed (and met, where possible). More volunteers from the FANY were due to support for a second night, but were stood down as the residents were allowed to return home.

Routine deployments and events:

Military:

Police:

Other organisations:

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o marching at the Cenotaph;

Events:

One of this years’ highlights was HRH The Princess Royal presenting the Coronation Medals to 61 members of the Corps at Wellington Barracks. This was a groundbreaking moment for the Corps because we have not been awarded an official medal since World War II.

Our annual ‘Corps Day’ was hosted at our new home at Wellington Barracks, with our usual service of remembrance at St Paul’s Church in Knightsbridge preceding a curry lunch and awards in the Officers’ Mess in the Barracks.

TRAINING AND PERSONAL DEVELOPMENT

Training in 2024 was well supported by our members. A quality training programme was put in place so that our members continually learn and develop their skills, regardless of the length of service they have given to the FANY. Training included external speakers providing training in CT policing; preparing for an emergency deployment supporting SWEP and there were multiple sessions in resilience, military skills, first aid and leadership & teamwork. In addition, training took place on operating a casualty bureau for the City of London Police. We had both a weekend Recruits Camp at Blandford and 3-day Annual Camp at Longmoor. Most training is provided in– house, or by organisations that the FANY supports, at no or minimal cost to the Corps although this is becoming increasingly challenging and may need to be reviewed.

Adventurous training

In addition to mandatory training, the Corps provides adventurous training to enhance personal skills and create a spirit of teamwork. Key to member recruitment and retention, these opportunities are also a reward for volunteers who give their time freely to train and maintain their skills and enhance their resilience for a callout at any time. Teams took part in sailing, walking expeditions, skiing and riding opportunities.

In addition, five FANYs achieved their French Parachuting Wings at ETAP as the culmination of two weeks of training in April. The CO and the Ops Officer joined them at a ceremony in Pau to celebrate the 120[th] Anniversary of the Entente Cordiale.

RECRUITMENT, RETENTION AND MEMBERSHIP

Membership of the Corps continues to thrive. Expressions of interest in joining the FANY(PRVC) remained high, and the Corps continued to attract good quality women from a range of backgrounds. This year, 10 recruits were welcomed into the Corps at their Passing-

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out Parade in May. From circa 65 expressions of interest,16 recruits were selected to undergo training, which finishes in May 2025.

Without the support of their employers, many FANYs would not be able to commit to the Corps’ training and call-out requirements. An Information and Demonstration evening took place in March 2024, to which employers of Corps members were invited. The event highlighted our operational capabilities, focussing on four aspects of our support: delivering first aid, staffing the medical network in the military ops room, aiding local authorities as Emergency Centre Officers and call handling at the City of London Police’s Casualty Bureau. Following on from the success of the evening, another similar event is planned to take place in March 2026.

Membership figures, as at 31 December 2024, are as follows:

Active: 142 Recruits: 14 Associate members and veterans: 199 TOTAL: 355

Associate members and veterans

The Corps lost several of its veterans this year but maintained contact with many throughout the year and are planning for their involvement in the VE80 celebrations. Associates now have website access which allows them to easily sign up to support specific events.

Our Carol Service in December took place in the Guards’ Chapel again and continues to be a well supported event.

HERITAGE

In 2024, significant progress was made in professionalising the management of the Corps’ archives and heritage collection, with a focus on improving accessibility for a broad audience. The archives transferred to the National Army Museum (NAM) were released from quarantine, enabling work to resume on research enquiries. Our first volunteer also began working with the NAM to produce a basic inventory of personnel files, further strengthening the positive and collaborative relationship with the NAM's archives team. A new archive store was established at Headquarters, where initial assessment of the holdings is now underway. Several key heritage artefacts were ‘rediscovered’ in the collection and are now on permanent display at Headquarters, increasing visibility and engagement. We also delivered the first heritage talk in several years to Corps members and new recruits. This was extremely well received, with requests for further talks in 2025. Throughout the year, we continued to support a range of commemorative events in the UK and overseas.

FUNDING AND FUNDRAISING

The Corps is funded through grants and donations from a combination of Trusts, Livery Companies, our partners and individuals, who includes our members, Friends and Patrons. We are grateful for every contribution to our costs which keeps the Corps operational. Seven of our recruits are sponsored through their training by London Livery Companies. The Corps has 37 subscribing Friends of the FANY and seven Patrons.

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FINANCE

The detailed statement of financial activities follows in Annex A.

Investment and Reserves policy

A copy of the Investment and Reserves Policy is at Annex B.

RISK MANAGEMENT

The Trustees have examined the major strategic, business and operational risks faced by the Corps. They confirm that risks are reviewed regularly, and mitigating action taken. On the day-to-day level, members are asked to sign Fit to Train and Fit to Drive forms, and to consider their mental and physical well-being before confirming that they can take part in support, training or deployment.

All health and safety issues in connection with the Corps activities are monitored by the Health and Safety Officer and Operations Officer in conjunction with the Commanding Officer. Learning Accounts are written, lessons identified, and improvement measures implemented. For additional resilience we also take advice and defer to H&S experts based at London District.

Signed: Signed: Name: Ranald Munro CB CBE TD VR DL Name: James Leighton

Date: 24[th] September 2025 Date: 24[th] September 2025

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Annex B: First Aid Nursing Yeomanry Investment and Reserves Policies

The Trustees have appointed a professional fund manager, Rathbones PLC, as discretionary investment manager (the manager) to the Corps. The Trustees have determined that the objective of the investment fund should be to maintain the real value of the fund as measured by CPI, and to aim for an additional 3% growth. This should be done in the context of a balanced and well diversified portfolio, with a medium level of risk and a long-term time horizon of at least 7 years. As well as measuring the investment p erformance of the fund against Rathbones’ risk level 5 benchmark (which the manager considers best reflects the investment objectives as set out by the Trustees), the Trustees will take into account the performance of a suitable peer group when assessing the success or otherwise of the investment strategy of the manager, and currently look at the ARC Charity Steady Growth Median. CPI +3% is also considered when looking at the long-term investment returns.

The Trustees require the manager to submit quarterly valuations and investment reports to include a comprehensive review of investment performance and risk measures along with a report on the strategy adopted and outlook for investments with key risks highlighted. In addition, there will typically be one presentation in person to the Trustees each year.

The Trustees have not set exclusions or ethical restrictions on the management of the portfolio but note that Rathbones have adopted a responsible investment process that takes into account best practice when looking at Environment, Social and Governance matters.

Reserves Policy

The purpose of the Reserves Policy is to ensure the ongoing operations of the charity are protected in the event of a sudden decline in the financial health of the charity. The reserve is intended to provide an internal source of funds for situations such as a sudden increase in expenses, one-time unbudgeted expenses, unanticipated loss in funding, or uninsured losses. The reserve may also be used for one-time, non-recurring expenses that will build long-term capacity, such as staff development or investment in infrastructure.

Reserves are not intended to replace a permanent loss of funds or eliminate an ongoing budget gap; in situations like this the reserves should be used to restructure the charity in order to ensure its future financial viability.

The reserve is defined as unrestricted funding that has not been designated for a specific purpose.

In setting a reserves policy the Trustees are mindful of the need to balance financial prudence with the importance of ensuring the Corps is sufficiently funded to perform its charitable objective. In recent years the Corps has managed to raise sufficient donations to cover its annual expenditure, but the Trustees are aware that the Corps is highly dependent on grants and donations that cannot be guaranteed. In the event of a short-term drop in income and to avoid any disruption to the operation of the Corps the Trustees have determined that the reserves should include a sum equivalent to one years’ operating costs, equivalent to about £250,000.

In addition, the Trustees are conscious that the Corps does not own its own headquarters and is reliant on the goodwill of others to provide accommodation and training facilities. In recent years this has been achieved at a peppercorn rent from the Greater London RFCA, although the very short notice given to vacate the Rochester Row Barracks highlights the risk to the Corps in finding themselves without an HQ building. To mitigate this risk the Trustees consider that a further £500,000 should be held in reserves to allow for medium term accommodation costs in the event of significant disruption. A part of these reserves were released this year to fund the removal and set up costs to Wellington Barracks.

The Trustees review the reserves policy annually in conjunction with the investment policy, the risk management strategy, and the strategic plan to ensure that they are not setting aside too little or too much. The reserve will otherwise be reviewed and adjusted in response to internal and external changes, as required.

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The current investment policy targets growth equivalent to CPI +3%, accordingly the Trustees expect over the long term to be able to maintain the real value of the fund protected from inflation with a sum equivalent to 3% of the value of the fund available on an annual basis to distribute to the Corps. Recognising that income from donors and other charities cannot be certain, the Trustees whilst looking to distribute reserves over the longer term to the Corps will not do so automatically if normal running costs are being met, cognisant that over the long term financial prudence will make the future of the Corps more resilient and certain.

Accounting for Reserves

From time to time the Trustees might choose to designate funds for long term investment in order to realise an income that can be used to further the charity’s objects. These funds will not be counted as part of the charity’s free reserves. Reserves will b e held in cash or near cash (accessible in no longer than three calendar months). Reserves will form a part of the general cash and investment accounts of the Charity.

Funding of Reserves

The reserve fund will be funded with surplus unrestricted funds. The Trustees may from time to time direct that a specific source of revenue be set aside for reserves. Examples may include one-time gifts or bequests, special grants, or special appeals.

POLICY REVIEW

The policy will be reviewed to ensure continued relevance and that it is fit for purpose, at a frequency to be determined by the Trustees.

Last Reviewed June 2024

Next Review date June 2025

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Charity No 249360

FIRST AID NURSING YEOMANRY (PRINCESS ROYAL'S VOLUNTEER CORPS) STATEMENT

OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2024

Notes
Incoming resources
Subscriptions
Donations & legacies
Grants
Fundraising
Activities
Bank interest
Other income
Total incoming resources
Resources expended
Staff costs
HQ administration
Training & activities
Gazette
Legal & professional Fees
Independent examiner's fee
Depreciation
Other costs
Total resources expended
Net incoming resources
Adjustments on open balances
1h
Investment Income
1i
Unrealised gains / (losses) on Investments
Net movement in funds for the year
Total funds at 1st January 2024
Total funds at 31st December 2024
Represented by:
4
Restricted funds
Designated funds
Reserve
Unrestricted funds
1d
2
1e
1e
1f
3
1g
1f
1i		 2024
FUNDS
Unrestricted Restricted
Total
£
£
£
£1,507,337
32.365
0
14,075
0
88,000
78,150
13,997
0
2,375
0
780
0
59,614
0
211,206
78,150
289,356
45,592
70,750
55,253
0
50,751
0
2,807
0
20,020
0
1,368
0
551
0
29,652
0
205,994
70,750
276,744
5,212
7,400
12,612
£1,491,066
£16,270
£1,507,335
114,223
7,400
74,930
41,529
0
41,529
67,482
0
67,482
8,870
250,000
500,000
748,467
1,421,460
10,975
1,432,405
0
0
(46,693)		 2023
Total
£
27,752
23,036
104,836
4,129
2,421
957
27,953
115,603
54,620
34,323
2,706
0
2,175
11,879
4,134
£1,432,405
191,084
225,441
(34,357)
£1,432,405
54,349
41,294
8,870
350,000
500,000
573,535
47,412
1,378,054
0

The attached notes form part of these accounts

Chartty No 249360 BALAN HEET A AT EMBER 20 2024 2023 Flx•d •sMt6 Tangiblé asso Inw•str))ents 10 1h 3.036 1.37S.723 1.485.424 1.489.913 1.378,759 Curr•nt a88•ts D8btU5 Cash ai bank and In hwd 6.190 46.534 53,114 34.S(K8 $2.724 87.620 Curr•nt Ilabllltb•s CreA4th.. AnJ)tsrts lalUThJ ￿thIn 135,>)01 133.9741 M•1 currnnta6s￿$ 17.424 Tolal as￿18 1•8• currnnl Mabllhl £l.X17.337 £1.432.405 Fund• 8.870 2￿.( 8.870 3￿.000 De$wJnatthJ Ro$8rvo Unr•#r1C￿d 748.467 £1.9J7.337 £1.432.405 pft)v•d by Truste•¥ * ond sffjn•d Ihdr behall ty.. Ranald Munro CB CBE TD VR DL James Leighton SkJn & Ptht SkJn & p￿nI Thb attach￿ no￿$ lom) part ol th￿￿ *C¢￿nts

Charity number 249360

FIRST AID NURSING YEOMANRY (PRINCESS ROYAL’S VOLUNTEER CORPS)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2024

1. Accounting Policies

2. Grants, donations and legacies over £1,000

Grants, donations and legacies over £1,000
2024 2023
£ £
The Worshipful Company of Mercers (restricted) 4,000 15,000
The Cadogan Charity 15,000 17,000
The Clothworkers’ Company (restricted) 30,000
The Fishmongers Charitable Trust (restricted) 8,000 6,000
The Ulysses Trust (restricted) 1,000
The Ulysses Trust (restricted) 2,000
The Worshipful Company of Dyers 3,000
The Merchant Taylors Company (restricted) 9,000
The Merchant Taylors Company 3,000
City of London Police 10,000 10,000

The Worshipful Company of Tallow Chandlers (restricted) 6,000 The Dyers Company 3,000 Gerry Holdsworth Special Forces (restricted) 2,000 Gerry Holdsworth Special Forces (restricted) 1,500

Grants, donations and legacies over £1,000 (continued)

2024 2023
£ £
Gerry Holdsworth Special Forces (restricted) 4,000
Gerry Holdsworth Special Forces (restricted) 1,500
The Clothworkers’ Company (Ramteazle Ltd) (restricted) 30,000
The Grocers Charity (restricted) 3,000 3,000
The Grocers Charity (restricted) 2,500
Honourable Artillery Company (restricted) 7,500
London Councils 10,000
Worshipful Company of Plaisterers 2,500
Golden Bottle Trust 10,000
Palantir Technologies 10,000
The Amourers and Brasiers Company 2,000
City of London Lieutenancy 15,000
Worshipful Company of Tallow Chandlers 8,000
The Mercer’s Company 12,000

3. Staff costs

The number of staff employed by the Corps during the year was 4 (2023 - 4). None of the trustees was directly or indirectly remunerated in any way. During the year the total reimbursed to staff in respect of travel and sundry costs amounted to £1,390 (2023 - £2,546), the total reimbursed to trustees in respect of travel amounted to £0 (2023 - £0)

4. Funds

5. Analysis of assets
Furniture
Website
1g
Office & IT Equipment
1g		 2024
£
2,819
-
1,670
£4,489		 2023
£
2,
£3,03

6. Analysis of debtors

6. Analysis of debtors
Expenditure prepayments
Income tax repayment
Investment proceeds & income
7. Analysis of current liabilities
Expenditure accruals
Deferred income
Other creditors		 £
-
6,190
-
£6,190
£
6,130
29,170
£35,300		 £
6,
46,
£53,1
£
4,
29,
£33,9