2022-12-31-accounts

S/m Keith Ridley, National Chairman, accepts the Freedom of the City of Portsmouth from the Lord Mayor

Royal Naval Association Annual Trustees Report 2022

Includes

Report to Annual Conference 2023 Annual Accounts for Financial Year 2022

Central Office Building 1/087, Scott Road HM Naval Base PORTSMOUTH, PO1 3LU

• • www.royal naval association.co.uk

Registered Charity Number 266982

EXECUTIVE SUMMARY

The RNA remains a going concern, indeed, this has been a successful year for the Association with the highlights being the Falklands 40[th] Commemoration which culminated in a hugely successful parade in Old Portsmouth which saw several hundred veterans of the Conflict march to the Falklands Memorial in the Hot Walls and the Association being awarded the Freedom of the City of Portsmouth. To mark the anniversary, a small memorial garden was created at the Western end of RNA Central Office. Meanwhile membership numbers continued to grow and at the turn of the year were more than 15,000 and Wellbeing and Welfare continued to grow in importance as part of the Associations “offer”. The Special Interest Groups played a large part in the F40 weekend with a golf tournament, a cricket match against the RMA (only losing in the last over), rallies for both the Riders Branch and the Classic Car Group, while the Caravanning and Camping Group met to support the F40 weekend and the Modelmakers treated Annual Conference to a display of their activities.

Another successful World Uckers Championships was staged in Portsmouth Naval Base as well as the routine business of Culture and Values Sessions with Phase 2 trainees and support projects like Project Semaphore. The Association conducted its first Standard Bearers’ Competition since Covid with S/m Steve Susans being appointed as the National standard Bearer.

All were devastated by the loss of our Patron, Her Majesty Queen Elizabeth II and the National President, on behalf of all in the Association, took the opportunity to express our heartfelt condolences to the King. Confirmation of continuation of patronage by the Monarch is awaited.

Largely because of poor investment returns, the value of the organisation decreased by 21.44% During the course of the year, the bookkeeping function was taken on more by the RNRMC so the Association shifted their bank accounts to the RBS – the same bankers as the RNRMC.

Later in the year, Chris Trevethan joined the Central Office team as Chief of Staff, and Andy Christie retired after 12 years Central Office Service to become the National Council Member for No3 Area.

REFERENCE and ADMINISTRATIVE DETAIL

1. Central Office Address

Royal Naval Association Central Office Building 1/087 Scott Road HM Naval Base PORTSMOUTH Hants PO1 3LU

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2. The Trustees. As at 31 December 2022 the Trustees of the Royal Naval Association were:

VAdm D L Potts CB	National President
Cdre M Slawson OBE RN	Deputy National President
S/M R Lock MBE	Vice-President
WO1 J Wright	Vice President – Warrant Officer to the Royal Navy
WO1 C Robson	Vice President – Serving Member
S/M K Ridley	National Chairman & NCM 6 Area
S/M P Godwin	National Vice Chairman & NCM 8 Area
S/M M Foley	NCM 1 Area
S/M A Christie	NCM 3 Area
S/M W Belfitt	NCM 4 Area
S/M P Chivers	NCM 5 Area
S/M L Higgon-Young	NCM 7 Area (S Wales and Gloucester)
S/M K Crawford MBE	NCM 9 Area and Overseas
S/M S Simmons	NCM 10 Area
S/M R Hastie-Murray	NCM 11 Area
S/m P Stephenson	NCM 12 Area (Ireland)
S/M S Elliot	NCM Scottish Area
S/M I Irvin	National Hon Treasurer

The No 2 Area NCM/Trustee billet remains vacant.

1. Executive Staff. The Trustees delegate responsibility for the day-to-day management of the affairs of the Association to its General Secretary, Capt Bill Oliphant RN. The Central Office team in 2022 consisted of:

AFCT = AF Covenant Trust, VF = Vets Foundation, GH = Greenwich Hospital

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RNA Annual Trustees Report for 2022

1. Independent Examination. The Association’s Auditors acting as independent examiners are Messrs Brooms Professional Services Ltd of Broom House, 39/43 London Road, Hadleigh, BENFLEET, Essex, SS7 2QL. They are represented by Mr Kevin Cornelius a Director of the Company.

2. Bankers . During the course of the year, the bookkeeping function was taken on more by the RNRMC so the Association shifted their bank accounts to the same bankers as the RNRMC. The accounts now sit with the RBS. Our investment managers are Sarasin and Partners LLP under a custody arrangement with the RNRMC on a unitised basis. The National Hon Treasurer, Ian Irvin, represents the Association at the RNRMC Investment Committee.

3. Solicitors. The Association’s Solicitors are Messrs Blake Morgan LLP, Harbour Court, Compass Rd, Portsmouth PO6 4ST.

4. Advisors . In addition, the Trustees have appointed a number of Advisors to assist the Association Management Committee:

S/M Nick Purkis Head of Governance Committee S/M Geoff Apperley BEM National Welfare Advisor S/M Bob Coburn National Ceremonial Advisor S/M Gareth Booth National Branch Recruitment and Retention Advisor S/M Steven Caulfield National Events Advisor S/M Terry Witty HMS RALEIGH Lead Mentor

Report of the Trustees for the year ended 31 December 2022

GOVERNANCE AND MANAGEMENT

1. The Trustees present their annual report and financial statements of the Charity for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s Royal Charter, the Charities Act 2011 (in accordance with note 1 to the Accounting Policies YE 31 December 2020 sub para a ‘Accounting Convention’) and the Statement of Recommended Practice 2015. The accounts have been prepared under the provisions of FRS 102.

2. The Royal Naval Association was incorporated by Royal Charter granted by Her Majesty The Queen on the advice of Her Privy Council on 15[th] July 1954. A Supplemental Charter was granted on 26[th] May 1990, which is the Charter now in force and forms the basis of the current Rules and ByeLaws. There was a minor revision of the Charter and more significant revision of the Rules and ByeLaws during 2014. The Charter and Rules are subject to minor amendments annually depending on Conference motions. While the Association enjoyed the patronage of Her late Majesty, it is yet to be confirmed by Buckingham Palace who will take on the patronage.

3. The Trustees comprise the National President, Deputy National President, National Vice Presidents which includes the Warrant Officer to the Royal Navy (WORN), in addition a serving Warrant Officer, National Honorary Treasurer and elected members of the National Council. Each elected member of the National Council represents a loosely defined geographical area and is elected for a period of two years by a simple majority based on a postal poll of Branches within the area represented. These are counted and reported on by members of the Standing Orders Committee at each Annual Conference. The National President, Deputy National President, National Vice Presidents,

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National Honorary Legal Adviser and National Honorary Treasurer (when not an elected NCM) are appointed by the National Council, as are the two RN Warrant Officers. The National Council of the Association delegates routine work to three sub-committees – the Finance and Administration Committee (FAC) , Association Management Committee (AMC) and the Governance Committee. In 2022, it also established a Diversity and Inclusion Advisory Group (DIAG).

1. Newly appointed Trustees are provided with information regarding their legal duties and responsibilities, as well as key documents published by the Charity Commission. As soon as practicably possible, Trustees training is also conducted. The General Secretary also arranges Trustees Continuation Training.

2. Details of the Association’s officials are included on the Association website (here) which allows members of the public and Association members to know easily who represents them and manages the affairs of the Charity. S/M Keith Ridley (NCM 6) was re-elected National Chairman and S/M Peter Godwin (NCM 8) was elected National Vice Chairman. The RNA enjoys membership of: COBSEO; International Maritime Confederation and the Conference of Naval Associations. The RNA signed a formal Memorandum of Understanding with the Royal Navy in 2021. There is a strong network of naval charities who are in regular communication. These include, but are not limited to: RNRMC, Greenwich Hospital, RNBT, the Naval Families Federation and the Royal Marines Association. The General Secretary acts as a managing member of the Irish ex-Services Trust disbursement committee.

3. Central Office. RNA Central Office is located in Scott Road and the building is shared with the Association of Wrens. The Board of Trustees would like to take this opportunity to thank the Second Sea Lord and Naval Base Commander (Portsmouth) for their continued support of the RNA in providing premises within the Naval Base for use as RNA Central Office.

14. Objectives of the Royal Naval Association. The Objects

are:

RNA Central Office, HMNB Portsmouth

(1). To further the efficiency and well-being of the Service, preserve its traditions and encourage recruiting.

(2). To foster comradeship and "esprit de corps" among those who have served or are serving in Her Majesty’s Naval Forces.

(3). To provide facilities for bringing Members together.

(4). To perpetuate the memory of those members of Our Naval Forces who have died in the service of their Country.

(5). To provide relief from conditions of need, hardship or distress to persons who have served or are serving in Our Naval Forces and their dependants.

(6). To advise members and other persons who have served in Our Naval Forces and their dependants on subjects affecting their welfare, referring on to appropriate agencies where specialist advice is required.

(7). To advise and assist Members and other persons who have served in Our Naval Forces in their search for employment.

(8). To pursue any or all of objects (2), (4), (5), (6) and (7) above for the benefit of members or former

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members of the Naval Forces or former members of the Commonwealth at a time when those Naval Forces were part of Our Naval Forces, and either or both objects (5) and (6) above for the benefit of the dependents of such persons.

FINANCE

1. Funding Model. At the end of 2020, a Special National Meeting was convened to set subscriptions to zero and switch to a donation funding model – this was reported on in last year’s Annual Report. The Royal Navy Royal Marines Charity has underwritten this move with an arrangement which sees the RNRMC making up the difference between donations and the anticipated revenue from membership fees. This has allowed considerable growth of the organisation which has expanded by over 25% during 2021 and has allowed us to reach more of the wider naval family.

2. Risk and Reserves Policy. With the shift in funding model, the Trustees recognise that there is considered to be more financial risk however with the loss of approximately 1000 members per year for over 30 years, the risk in maintaining the same model was obvious – membership numbers in 2020 had dwindled below 10k for the first time. The Trustees have concluded that the risk set against the Reserves policy remains satisfactory for the uses of the Association. The Association’s Reserves Policy is reviewed annually and aims at holding sufficient Unrestricted and Undesignated Funds to provide funding for the following:

3. a. To provide financial resilience if donations do not keep pace with the rising costs of providing services to members.

4. b. To generate income to subsidise current activities.

5. c. To provide future income.

6. d. A reserve in case of a major business continuity issue.

7. e. A contingency for wind up costs to cover legal requirements for redundancy payments; incomplete periods of contracts etc, which the Trustees will be legally obliged to meet.

8. f. A contingency for other unexpected events.

9. g. Future projects not yet mature in development.

10. h. To provide the opportunity to purchase a freehold or leasehold property as the Central Office, since the lease for the present premises in HM Naval Base, Portsmouth is unsecured.

11. Review of Reserves. The Trustees have reviewed the level of reserves against their policy and, despite the additional risk of moving to a donation-based income model, have agreed that they remain at a satisfactory level. The level of investment income deriving from the Association’s Reserves is an important factor in deciding whether or not to expand or reduce them since investment income contributes significantly to meeting operating costs. The Trustees have also reviewed the policy of maintaining the designated Property Fund and have considered that this is still a valid necessity in order to secure funds needed to acquire property in the event of changes to our current arrangement. The political turmoil in the UK inevitably took its toll and out investments were affected which, alongside the deficit budget has been approved for 2022, resulted in a considerable downturn in bottom line reduce the total value of the organisation by circa 25%. Despite this, the Trustees were glad to be able to approve a deficit budget for 2023 albeit with more priority given to fundraising.

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1. Restricted Funds . The reserves figure is inflated by granted money held for various projects and which are held in Restricted Funds. The generation of income through investment of the reserves is an essential part of the RNA business model as donations alone do not cover expenditure. This policy has not changed with the shift to the donation-based income model.

2. Offices . We are in year 2 of a 3-year lease within the Naval Base and there is little sign that we are likely to be asked to move. Notwithstanding, the Trustees conclude that it remains prudent to make provision in the reserves to cover the potential costs of providing office space. The property fund stood unchanged at £491,375 at the end of FY2021. The Trustees have reviewed Portsmouth commercial rents, and the trustees consider this remains an adequate figure to provide office accommodation. The requirement to maintain funds in case of a major Business continuity problem remains valid, as does provision against wind-up costs and unexpected events.

3. Standards Fund . This is a fund where the Association self-insures Branch Standards with Branches paying an annual premium. It provides for the cost of repair and in cases of loss or damage beyond repair, the cost of a new Standard.

4. Finance Operations . Due to a staff absence, in February 2021, RNRMC were kind enough to take on the payroll function on behalf of the Association giving more resilience to the payment of Central Office staff. Indeed, the RNRMC have offered to take on more of the back office financial operations of the RNA and this will be progressed during 2022. While the Board of Trustees recognises that this makes the RNA more dependent on the RNRMC, it is understood that our values and objectives are so compatible that this is not seen as a threat to RNA operations. Indeed, it is seen as beneficial as less funding is spent on administration allowing more to be spent on outputs to benefit the membership.

FINANCIAL REVIEW

1. The Trustees make the following observations:

Overall. The Trustees report an overall decrease in funds of £426,956 – a decrease in value of the organisation of 21.44%. This was despite a reduction in spending compared to the previous year of over £22k and substantially lower actual deficit compared with budgeted deficit. However, it was the poor performance of the investments which made a significant impact to the bottom line.

While the decrease in the value of the organisation was significant, the Trustees are content with the financial position of the Association. This has been helped with advance knowledge of a significant legacy which will be realised in late 2023 of some £250k. Nevertheless, more of an emphasis will be required in 2023 on fundraising and this has been acknowledged as a priority.

The Trustees are cognisant of the additional risk the switch to a donation based income model presents and are thankful for the support of the RNRMC to allow us to achieve this. Nevertheless, the Trustees are thankful for the level of strategic reserve which gives confidence to allow the safe transition and grow the Association.

• a. Donations in lieu of Subs . £61,708 was raised in donations in lieu of subs, up slightly from last year’s £58,174. RNRMC contributed £93,134 in lieu of subs. More of an effort will be made to improve these donations in 2023.

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b. Legacies . It was a lean year for legacies, down from £86,614 the previous year to £16,794 in 2022. The Trustees were thankful for these donations and although they are not relied upon in the annual budgeting, they do help considerably and it is acknowledged that we ought to do more to encourage legacies in 2023. The Trustees are grateful to the RNRMC for not including these with the donations in lieu of subs, on the understanding that we would have received these donations anyway.

c. Operating Costs . The operating costs of the charity decreased in 2022 slightly from 2021. This year they were £379,811, down from £402,183 in 2021.

d. The Trustees continue to be delighted with the success of the Branch and Club Support Fund minor grants scheme introduced in 2018. The scheme allows the GS to approve grants of up to £250 with minimal bureaucracy. Applications this year have included Branch annual Zoom fees and payments to some Branches during lockdown to print and send out the Semaphore Circular to Shipmates not connected to the internet.

e. Gift Aid . Up from £4427 in 2021 to £5265 in 2022.

f. Investments . Investment income is reported under FRS102. Investments remain held in a Custodian arrangement with the RNRMC. The value of investments at Year End was a disappointing £1,416,454 which is down from £1,836,937 a year earlier which reflects a disappointing performance of the investments but also includes a £200,000 drawdown. Our National Treasurer, S/m Ian Irvin represents the RNA on the RNRMC’s investment Committee.

g. The Naval Service Memorial Fund . Expenditure on the fund was £987 leaving £9928. The fund stands at a sustainable level with 10 years worth of insurance and maintenance in hand.

h. Standards Fund. The standards fund had exceeded the cap of £10,000 so the surplus has been transferred to the BCSF.

Annual Accounts

1. The main element of the Accounts for the year ended 31 December 2022 is the Statement of Financial Activities for the year, which is an annex to this report.

2. It is important that the Statement of Financial Activities and Balance Sheet are read in conjunction with the Notes, which appear in the Accounts. The market value of Investments is as stated in Notes to the Financial Statements.

3. The Trustees remain indebted to the auditors Brooms for their continued support and guidance.

Public Benefit

1. The Trustees confirm that they have taken due regard of the guidance contained in the Charity Commissions guidance on public benefit, set in ‘Charities and the Public Benefit – Section G’, when reviewing the Charity’s aims and objectives; and in planning future activities and setting the grant making policy for the year. The Trustees note the ongoing exceptional public benefit provided by Project Semaphore iPads and the LIBOR minibuses. Also, there exists a host of academic evidence that being part of an Association like the RNA creates social benefits which contribute extensively to improved mental health resilience and by contributing to the fight against loneliness the association does much to lend itself to social prescribing.

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Risk Management

1. Risks are assessed by the Trustees, with the Risk Management Policy reviewed annually and the Risk Register reviewed more regularly. Financial risk is assessed in the 10-year forecast. The most significant financial risks are: the switch to a donation based income model will not realise the funds required to operate the Association, movements in financial markets affecting investments and the MoD unexpectedly terminating the lease on HMNB Portsmouth offices.

2. The main strategic risk is to membership numbers. The strategy of switching to a donation based income model and the development of Special Interest Groups where members are encouraged to form groups to feed their interests and hobbies, demonstrate relevance to a younger cohort and serving personnel and are already proving attractive – the Association has grown by over 60% in the last two years. Marketing and communications are tuned to this goal.

3. The Trustees are also very alive to the risk of reputational damage to the Association and have taken steps during 2022 to establish a Diversity and Inclusion Advisory Group (DIAG)

4. Risks to the Association and to the RNA’s support of its Trustees are mitigated by adequate insurance, which has provided a significant protection to RNA funds in previous years. Insurance has been expanded to include the activities of the mentoring at HMS RALEIGH and also includes liability insurance for the National Standard Bearer when on RNA duties. The Association is GDPR compliant and has invested in strong security of members’ data held in the new database server. Nevertheless, insurance also exists for data breaches including hacking and theft.

5. The most serious operational risk is slip, trip and medical emergencies during RNA events. The Charity mitigates this risk by training all the Central Office (HQ) staff as Red Cross qualified workplace first aiders and the acquisition of an Automated External Defibrillator. There is also the Reputational Risk associated with branches failing to meet their governance responsibilities. which is now receiving a great deal of focus as part of an ongoing Governance Review.

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STRATEGY AND 5 YEAR PLAN

1. 2022 represented Year 2 of our current strategy which will probably be looked at again in depth during the coming year. Broken down into a number of mutually supporting ‘Lines of Action’ on the lefthand side (each with a CO staff member lead) all effort aligns to our Objects in Paragraph 14 above, pointing in one direction towards a realised RNA vision.

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33.
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1. What has been recognised during the year is that we ought to make more of our USP which is undoubtedly Comradeship. The PowerPoint slide opposite shows how we now see the Seven Components of Comradeship – the Seven Cs - and we are working with partners like the RNRMC, Greenwich Hospital, the Naval Families Federation and the naval benevolence charities to take forward the components of this initiative.

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ACTIVITY REPORT

34. Events/Drumbeat

F40. The year was dominated by the 40[th] anniversary of the Falklands Conflict and afforded the opportunity to focus commemorative events on a younger cohort of veteran. Things kicked-off on Tues 14 June – the 40[th] anniversary of the

Argentinian surrender in Port

Stanley - as we took the opportunity to dedicate two memorial benches to HMS SHEFFIELD and HMS COVENTRY; the 2 x T42 Portsmouth based destroyers who didn’t return from the conflict. The then Naval Base Commander, Cdre JJ Bailey RN, was kind enough to permit the small section of grass at the end of Central Office being turned into a memorial garden, so the benches are proudly sited there.

SHEFFIELD and COVENTRY memorial Bench dedication

The Friday of Conference was given over to Special Interest Group activities. There was a golf tournament at Southwick Park GC, a keenly contested cricket match against the RMA at Burnaby Road where the Naval Base Commander, Cdre John Voyce, was kind enough to present the prizes. The Riders Branch started their Hampshire Rally in the Naval Base adjacent to HMS VICTORY while the Classic Car Group rendezvoused at RHS Wisley to wander through Surrey and Hampshire down to the Naval Base. Meanwhile, the Caravanning and Camping Group met to support the F40 weekend and the Modelmakers treated Annual Conference to a display of their activities.

Friday evening saw two fabulous social events: while Portsmouth City Council kindly hosted a Civic Dinner for Falklands veterans, the main body enjoyed a fabulous reception on a sun-baked evening on HMS WARRIOR.

On the Saturday, the necessities of the AGM were compressed into a two-hour window which were then followed by a number of fascinating presentations on their experiences of the Conflict.

The RM Band Best Retreat in advance of the Civic Dinner for Falklands veterans at Portsmouth Guildhall

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Conference was privileged to hear from:

• Stephen Prince (Hd of RN Historical Branch)

• Admiral Lord West (then CO HMS Ardent)

• Robin Kent (then Snr Pilot, 801 NAS)

• Cdre Adrian Nance (then HMS Sheffield)

• Brig Ian Gardiner RM (then X Coy Comd, 45 Cdo)

• Dr Gordon Brooks (then Atlantic Conveyor MO)

• Surg Capt John Sharpley (DCMH) covering psychosocial support

Ian Gardiner author of “The Yompers”

The weekend culminated on the Sunday with a magnificent Parade at the Hotwalls in Old Portsmouth which included personnel from across the veterans’ community. The cover photograph of this report shows the National Chairman, Shipmate Keith Ridley, proudly accepting, on behalf of the Association, the Freedom of the City of Portsmouth which the City was kind enough to bestow upon the Association to mark the occasion.

World Uckers Championships 2022 . As the First Sea Lord endorsed World Governing Body for Uckers, the Association was proud to host the 2022 world championships in Portsmouth Historic Dockyard on Sat 29[th] October. Despite us looking to plan it on a biennial basis, there is a groundswell of opinion – not least from those that took part – to make it an annual event.

Open Days. Central Office arranged a number of Open Days in 2022 which were much enjoyed by Shipmates. The Open Day features a sandwich lunch, RNA activity brief and boat trip of Portsmouth dockyard. Branches from all over the UK have previously enjoyed this event.

Culture and Values Sessions . The programme continues with Phase 2 trainees from SULTAN and COLLINGWOOD. Also, contact has eventually been made with the Defence College of Logistics and Personnel Administration with a view to RN loggies benefitting from this programme. Andy has kindly offered to continue this service pro bono after his retirement.

HMS RALEIGH Mentoring. After

a period of adjustment post Covid the mentor programme , has been reestablished on a firm footing in RALEIGH. All mentors will now be DBS checked and receive the same E&D training the staff enjoy. The mentoring was one of five examples of “Best Practice” in a recent OFSTED type inspection at HMS RALEIGH. Thanks are due to S/m Les Yeoman who stood down from the lead

23/INTR/GP/03 Use of Royal Naval Association Veterans . The use of veterans was highly praised by Recruits, offering an additional avenue of relatable support during training. Additionally, Recruits also highlighted that the Facebook group/page operated by the veterans was useful for informing parents and helped Recruits to conserve their precious 30 minutes of mobile phone access.

Defence Systems Approach to Training – 2PA

mentor role during the year and the post is now filled by S/m Terry Witty.

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Special Interest Groups. The SIGs did well on the F40 w/e but some have since struggled to maintain the momentum. Some are certainly doing better than others – the Modelmakers for example have 70 members. The board will consider how we can develop this in 2023. The list of current SIGs is at Annex C.

CONA Conference. This was successfully conducted in Feb 2022 with participation from many associations. The RNA retained the Chair.

LIBOR Minibuses . Well used and still in very good condition.

35. Communications

The following comms outputs have been achieved in 2022:

a. Hard Copy

The Yearbook. The Central Database has allowed us the ability to post a copy of the Yearbook to all members’ households. This is the first time that this has been achieved and although a costly evolution, it is the only occasion that something physical is despatched to the entire membership so is considered a worthwhile exercise. It also gave the opportunity to remind those who might not have already set up a Standing Order to donate to the Association. It was originally intended to send it out in the Christmas mail but production issues meant that this slipped into the January. Ultimately, this was considered a better time to deliver the yearbook as it would likely better survive on the coffee table beyond 12[th] night. We will stick with January/February for future years. The lesson from this first distribution was that clear cellophane covers were not suitable for addressees in Northern Ireland.

b. Soft Copy:

Semaphore Circular. This is the monthly newsletter of the Association which is published on the first Monday of the month.

Semaphore Short. The Semaphore Short is a weekly publication sent out on the Mondays when the Semaphore Circular is not published. As with the Semaphore Circular, it now goes out to all the membership who have an email address on the Central Database which is now 97% of the membership.

c. Virtual Gatherings:

Fireside Chats. These continue on every Monday evening at 1830 (stand fast Bank Holidays and Christmas leave period) with a range of both internal and external speakers on naval matters historical, current and charitable. The list of Fireside chat speakers for 2022 is at the Annex. They are all recorded and available on the RNA community Facebook site. To avoid confusion, we use the same Zoom link each week:

= https://us02web.zoom.us/j/2888305105?pwd TmtwempUWGwwUEtOcjY4ZU15RU5FZz09

Saturday Night Virtual Tot. Equally, the very popular Saturday evening virtual tot hosted by the Wrexham Branch continues. Details on the Community page.

QR Codes. We started using QR codes to lead us to our “Join Us” page in 2021 and the original QR code has now been updated to lead you to a menu of choices including offers like tickets.

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RNA Annual Trustees Report for 2022

36. Operations and Membership

The Central Office database still works well although with the increase in numbers, we are starting to think about a more powerful successor.

With the second year of a donation-based income model now achieved we can see that it has done wonders for our numbers – at the end of the year we were crossing the 16,000 mark, up 60% on our figures of 2 years ago.

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Membership of the RNA
17,000
16,000
15,000
14,000
13,000
12,000
11,000
10,000
9,000
8,000
7,000
6,000
2015 2016 2017 2018 2019 2020 2021 2022
Year
Graph showing growth in blue in 2022
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2022 Membership Matrix
Area	Life	Full	Assoc	Year 2022	2021	2020
1	12	188	171	371	274	364
2	37	386	244	667	626	520
3	56	739	768	1563	1283	1048
4	82	802	490	1374	1208	1022
5	41	370	547	958	868	765
6	22	258	401	681	577	405
7	29	272	344	645	605	502
8	49	409	759	1217	981	780
9	38	291	505	834	680	416
10	54	569	654	1277	1103	924
11	46	435	462	943	623	433
12	19	166	222	407	362	363
Scotland	28	438	111	577	495	246
Overseas	9	208	302	519	298	509
HQ	80	3358	698	4136	2758	1278
TOTALS	602	8889	6678	16,169	12,741	9,866

The new database has also allowed us to add new fields so we can have a better understanding of the demographics of our membership. We are keen to attract younger Shipmates into the Association to give the organisation a younger feel and to give it some longevity. The data below is encouraging in that it shows that the majority of new joiners in the 50-70 age range are Full members and the numbers of

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Serving members who have joined the Association are also increasing. We can clearly see the effect of recruiting the new entrants at HMS RALEIGH but the challenge going forward will be to retain them.

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Membership Type and Age Range – Joiners since 1 January
2022
1000
900
800
700
600
500
400
300
200
100
0
10-19 20-29 30-39 40-49 50-59 60-69 70-79 80-89 90-99 100-109
Age Range
Associate Full Honorary Life Serving
Membership Numbers
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37. Welfare/Wellbeing

Strategy/Funding. The Welfare/Wellbeing component of Comradeship really came to the fore during COVID when it was realised just how important this was. The Trustees therefore take the opportunity to thank RNRMC for their continued support in granting the Association continued funding for the provision of a Wellbeing Delivery Programme in 2023.

Project Semaphore . Funding for the Project has now been exhausted but rather than bringing the Project to a complete halt there will be a natural wind down as there will be an element of recycling of hardware which should keep us going for a few years although we will reach obsolescence at some stage. This will be subsumed into the Wellbeing Delivery Programme in 2023.

Project Sparko . Regrettably, this initiative has been pulled and the programme wound up. Despite every effort to make it work, the stakeholders involved could not achieve what was originally envisaged for the programme and there was a strong possibility of throwing good money after bad. Those beneficiaries who were in receipt of SPARKO have, where possible, been brought into Project Semaphore and issued with iPads and training.

Wellbeing Workshop . Significant energies have been invested in the planning, preparation, and engagement of welfare officers for the Wellbeing Workshop taking place in Feb 23. There has been an excellent response and circa 100 delegates are expected to attend. They have already responded to a set of three questions around the trends and needs they are experiencing in welfare.

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DBS . We are now registered with the UK DBS Umbrella Service and the Raleigh Mentors are the first tranche to be DBS checked. This will be developed further in 2023 to the Branch Welfare Officers.

Transition and Employability Mentoring Scheme (TEMS) . Progress with the RN is slow and although the concept has eventually won approval through various departments (Navy Security and Navy Digital), it would appear the RN favours a commercial solution. RNA policy therefore will be to step back from this project in the medium term and watch development with a view to engaging again when the opportunity seems right. We will clearly assist where we can, using RNA communication channels where appropriate to further the RNA objective “To advise and assist Members and other persons who have served in Our Naval Forces in their search for employment.”

38. Fundraising/Partnering

With the recent announcement that the RNRMC CEO is moving on and the imminent arrival of Greenwich Hospital’s new CEO, 2023 will be an important year to reaffirm relationships within the RN Charity Sector. However, with Sarah Clewes (former RNA employee) now confirmed as CEO of the Naval Families Federation and Stuart Wright as the new White Ensign Association CEO, old friendships are already in play and the charities continue to work closely together.

The Trustees are also extremely grateful to our sponsors: MW Ship Management Ltd, BAE Systems, Gunwharf Quays Designer Outlet, and Broom Financial Services. All of whom contributed financially to the success of the Falklands 40[th] commemorations.

The Association proudly upgraded their AFC Employer Recognition Scheme from Bronze to Silver during 2022. It will take more effort to achieve Gold status and this certainly remains an aspiration.

RNA Annual Trustees Report for 2022

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39. National Chairman’s Report of the National Council

Reference to the National Council and elected National Council Members (NCMs) within this report should be read as National Trustees of the Association’s Registered Charity. As with previous years’ reports, I do not intend to repeat what you have already read up to this point within the Main Report but may touch on just a few matters.

At the beginning of 2022 Branches throughout the UK, Europe and Overseas continued to recover from the period of Covid with regular meetings being organised and comradeship strengthened, to make the Association’s presence known by attending Annual Commemoration and Remembrance Services in respect of those who made the Ultimate Sacrifice in the Service of their Country on active service, or fell victim to Covid. They shall not be Forgotten. Lest we Forget.

Throughout 2022 the Council, its Sub Committees, along with Area and Branches continued to make increasing use of virtual meetings. The Council and Sub Committees continued to hold 50% of meetings via Zoom, with continued financial savings to the Association being made from reduced travelling and accommodation costs. The National Conference and Annual General Meeting took a new form linked with the Falkland’s 40 Commemorations along with guest speakers sharing their personal experiences of being involved. On my part, it was a great privilege on behalf of the membership to accept the Scroll setting out the Freedom of the City of Portsmouth presented to the Association.

The Council has benefitted during the year from the wisdom, enthusiasm and input demonstrated by our new National President Vice Admiral Duncan Potts, as was with Vice Admiral John McAnally who retired as our National President in 2021 after some 20 years dedicated service. The Council is appreciative of the active role our National Presidents, past and present contribute to the running of the Association.

The Council acknowledges Andy Christie’s dedication, commitment and service given to the Association as Deputy General Secretary, and lately as Operations Manager over 12 years, and who retired at the end of December 2022. The Council is pleased to report and welcome the appointment of Chris Trevethan who succeeds Andy in a new role as Chief of Staff.

During the year Shipmate Paul Stephenson, NCM No. 12 (Ireland) after six years as the National Vice Chairman retired but continues to serve as an NCM. Paul was succeeded as National Vice Chairman by Peter Godwin, NCM No 8 Area, having been elected by the Council. As such, Peter Godwin replaces Paul Stephenson as Chairman of the Association Management Committee. Both Paul and I feel privileged for the confidence placed in us by the Council to have continued serving the membership and representing the Association. I am confident that Peter Godwin will equally serve the Association well. On a personal note, I thank Paul for his support during his term of Office. The Council acknowledges the services given over many years by David Wright NCM 10 Area, and Ian McQueen NCM 11 Area who retired in January, and who now serve as Club Advisers on the Association’s Governance Committee. Having been elected as NCMs in 2021, Lance Higgon-Young NCM 7 Area, and Stephen Elliott Scottish Area have settled into their roles as NCMs.

During 2022 new members elected to the Council were:

• No 3 Area Andy Christie

• No 5 Area Peter Chivers

• No 10 Area Stirling Simmons

• No 11 Area Roslyn Hastie-Murray

RNA Annual Trustees Report for 2022

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Representing the Royal Navy on the Council we are fortunate to have WO1 Jamie Wright RM, The Warrant Officer to the Royal Navy, representing the First Sea Lord, and WO1 Claire Robson.

As an adviser to the Council, Nick Purkis Head of Governance continues the importance of reviewing and drafting new policies and procedures to guide the Council, the membership, and staff to operate the Association effectively and where appropriate, in accordance with legislation. A Policy on Diversity and Inclusion has been developed and approved. Currently under review are the Guides for Branch Chairman, Secretaries and Treasurers.

The Council commends the General Secretary for achieving his vision of reversing the decline in membership by introducing his plan approved by the NC and the membership of Zero Subscriptions in lieu of Donations. This could not have been achieved without the support of the RNRMC for which the Council is most grateful. The introduction of a donation-based membership has without doubt been a remarkable success, may it long continue. As at 31 December 2022, the membership target set by the General Secretary had been well exceeded with a membership of just short of 16,000 against a target of 12,500, an amazing achievement.

As reported earlier in the Main Report, the Association’s Database has proved a valuable tool in communicating with the membership enabling Central Office to continue communicating directly with members connected to the Internet. For those who are not connected, we rely on Branch Secretaries, Welfare Officers, and Members to make that local friendly contact. A review to upgrade the database is to be considered in 2023 to improve the extraction of management reports.

In September we welcomed the new St. Vincent & the Grenadines Group Branch which commissioned at Eastney, and which has several serving members. The Branch was born out of the tragedy of the stratovolcano La Soufriere erupting on the Caribbean Island of St. Vincent. Currently there are several hundred personnel from the group of Islands serving in the Royal Navy. New Branches in the process of forming in 2023 are Caerphilly, along with Abbey Wood. In January 2023 we welcomed the commissioning of Torfaen Branch in South Wales.

As mentioned in previous reports, recruitment is not just something that can be left to Central Office Staff, it is us, as members, who are the best ambassadors to recruit new members; we must not be complacent by sitting back expecting a new member to walk through the door. We must all do our best to recruit into this 1st Class Naval Association to continue its success. The commitment by the General Secretary, along with members of the Bracknell, Portsmouth (now Portsea & Portsmouth), and Wrexham Branches is again commended for their unstinting background support in administering the Royal Naval Association Community Facebook Site, to provide the weekly delivery of the virtual Fireside Chats and Saturday Night Tot Nights which continue to be a great success in bringing Shipmates together both within the UK and worldwide. These events bring together the Naval Family into the homes of those members who live alone, and is no doubt, a highlight of their week. Digitally Isolated Veterans continue to benefit from the iPads that have been issued to them under the Project Semaphore scheme which is being run down. However, the ongoing support work of volunteer trainers is very much appreciated and is a demonstration of comradeship within the veterans’ community.

Whilst Covid and political troubles in the UK affected the Association’s Finances, the Council is content that our investment will continue to make a steady recovery with our funds remaining being well cared for by the RNRMC; the Council acknowledges the expertise of the RNRMC Investment Team in achieving this. The Association’s National Hon. Treasurer continues to represent the Association on the RNRMC Investment Committee. The Council greatly appreciates the financial support given to the Association by way of Grants awarded by the RNRMC and Greenwich Hospital.

RNA Annual Trustees Report for 2022

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The Council acknowledges the Central Office Team who have worked hard throughout the year with new members of the team getting to know their new roles within a reorganised structure, and for delivering a first-class service not only to the membership, but naval veterans alike. It should be noted from earlier in the main report that 50% of staff salaries are paid from external Charities which the Council greatly appreciates. On the horizon in 2022 was the recruitment of a Communications Manager, with an appointment having been made in 2023 of Alice Farrow. A vitally very important part of any organisation is communications, and the monthly Semaphore Circular and weekly Semaphore Short are vital tools of just that.

The Council expresses its gratitude to all members of the Association for their endless hours of support, the Good Deeds they have done in representing the Association and supporting the naval veterans’ community.

Personally, I thank all Members of the Council in giving numerous hours of their time to deal with National and Area business. The demanding work and dedication of Central Office staff is acknowledged in the administration of the RNA, and for producing the statistics and contents of this, the Association’s Annual Report, and their support to the Council.

It has been a privilege to have served the Association as its National Chairman.

Keith Ridley

Keith Ridley National Chairman

Annexes:

• A. Life memberships awarded in 2022

• B. List of Fireside Chats conducted in 2022

• C. List of SIGs with lead contact details

RNA Annual Trustees Report for 2022

Page | 19

Annex A

Life Memberships awarded to Shipmates in 2022

Michael Bennett – Port Philip Bay David Bond – Brixham Terence Briggs – Uxbridge Patrick Cannon - Purley Gareth Honeywood - Norwich Desmond Hughes – Brixham Charles Jenkinson – Port Philip Bay Oliver Johnson - Bolton John Keating – HQ Roll John Kett – Norwich Christine Mawhinney – Bloxwich Gordon Murrell - Londonderry Kevin Norman – Paddock Wood Charles (Chris) Peace – Stourbridge and District Robert Pennifold – HQ Roll Graham Rowland – Norwich Douglas Shelley – Southend-on-Sea Tony Snelling – HQ Roll Christine Stout - Chatham Harry Summerton – Newbury & District Barbara Williams – HQ Roll William Wilson – HQ Roll

RNA Annual Trustees Report for 2022

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Annex B

Fireside Chats Programme 2022

03-Jan		Angus Konstam	The Golden Age of Piracy
10-Jan		VAdm Duncan Potts	Counter-Piracy
17-Jan		Adrian Bell	RNRMC
24-Jan		Adm Roy Clare	The Legacies of Harrison - the Longitude story, with a twist
31-Jan		John Bolt	Royal Marines history
07-Feb	RNRMC	Fleet Commander	"View from the Bridge"
14-Feb		Simon Haill	Coastal Forces Heritage Trust and Museum
21-Feb		Sir Ian McGeechan	British Lions and Scotland, Player and Coach
28-Feb		Capt Rich Harris	Training the next generation of Shipmates
07-Mar		Mike Bullock	The Northern Lighthouse Board - More than Lighthouses
14-Mar		Anthony Moth	Captain Godfrey Herbert
21-Mar		Anthony Moth	1920 - Royal Navy Mission to Enzeli
28-Mar		Adm Roy Clare	Gale Warning! Shipping forecast sea area 'Fitzroy' - who was
			he?
04-Apr		Geoff Parsons	Coats of Arms and Flags
11-Apr		Kevin Watkins	Atlantic Rowing
18-Apr		Easter Monday
25-Apr		Dr Gordon Brooks	The navy astronaut who never was
02-May		Bank Holiday
09-May		Jonty Powis	HMS Conqueror
16-May		Dr Gordon Brooks	Altantic Conveyor - the forgotten ship
23-May		Angus Konstam	Bismarck
30-May		John Bolt	American Battle Monuments Commission (US version of
			CWGC)
06-Jun		Geoff Parsons	HMY Britannia and other naval dits
13-Jun		2SL - VA Martin	A View from the Bridge - hosted by RNRMC
		Connell
20-Jun		Post Conference
		break
27-Jun		Ken Holberg	Rtn of Naval Shipbuilding to the Solent
04-Jul		Mike Milne	Admiral Byng
11-Jul		Sharkey Ward	CO 801 NAS, HMS INVINCIBLE, Falklands War
18-Jul		Anthony Moth	The history of the Village Bobby
25-Jul		Andy Christie	Falklands 82, a view from the Stores Office, HMS GLASGOW
01-Aug		Craig Jones	LGBT+ Independent Review
08-Aug		Bill Oliphant	The Battle of St Julien de Crempse
15-Aug		Mike Milne	Op Pedestal 80th Anniversary
22-Aug		Charles Wylie	The Korean War
29-Aug		Bank Holiday

RNA Annual Trustees Report for 2022

Page | 21

05-Sep	Geoff Parsons	Famous and not so famous naval signals
12-Sep	Ian Gardiner	Flatpack Bombers
19-Sep	HMQ State Funeral
26-Sep	Cdre Joll Woodard	Head Combat Aviation Programmes
03-Oct	Geoff Parsons	Naval heros and events commemorated with sundials
10-Oct	Angus Konstam	U-47 in Scapa Flow
17-Oct	Gordon Simmonds	Signalling in Nelson’s Navy
24-Oct	David Griggs	SOSUS in the Cold War
31-Oct	Phil Burgess	SNO HMS GLASGOW T26
07-Nov	Ian Millen	CEO Volunteer Outreach Support
14-Nov	Rosemary Thornber	National Museum of the Royal Navy
21-Nov	Craig Fulton	Making a Submarine Captain
28-Nov	VAdm John McAnally	HMY Britannia - a personal recollection
05-Dec	Anthony Moth	HMS Jervis Bay, VC action against Admiral Scheer, 1941
12-Dec	Capt Gavin Pritchard	MAIB
19-Dec	Xmas Break
26-Dec	Xmas Break

RNA Annual Trustees Report for 2022

Page | 22

Annex C

List of Special Interest Groups/Branches with lead contact details

Camping and Caravanning – Ron Shilton: [e-mail]

Classic Cars – Mike Burnham: [e-mail]

Cricket – Mark Smith [e-mail]

Cycling – Craig Fulton: [e-mail]

Divers – Bill Lawless: [e-mail]

Fishing – Selwyn Davies/John Stephenson: [e-mail]

Golf – Colin Dinsdale: [e-mail]

Model Makers – Gary Daisley: [e-mail]

Riders – Dave Ives: [e-mail]

Rugby - Steve Phillips: [e-mail]

Page | 23

RNA Annual Trustees Report for 2022

THE ROYAL NA VAL ASSOCIATI Charity Registration NuTnber'. 266982 STA TEMENT OF ACCOUNT THE YEAR ENDED 31ST DECEMBER Z022 BROOMS PRofiCI SSIONAL SERVICES LIMITED CFL4RTERED ERTIFIED ACCOUNTANTS RE ISTERE AUDITORS

Thè Royal Naval Assoclatlon Stslèmènt of th& Trustègs, Responslbllltle5 The Iruslee5 81t required to prepare accounti for e&th financial yeur whith give B true ond fair view of the A550ciation's fingnciRI BciiviIjC3 during ih¢ yw and of 118 fjnancial posiiion 4t th¢ end of lh¢ year. In pieporin8 those aceounis. the trusl¢c5 art required ¢0.. Seleci 5Ultable accounting pollcies and then apply ihtm consistEnily, Make judBemenls and estima1¢5 IhBI &re rea8onable and prud¢ Siatc whcther &pplic&ble accouniing st8nd8rd5 Rnd ¥tBtemenis of r¢cvrnmendeiJ practice have been foll¢wed, subject 10 any rnaleriRI deparlUTes discloscd and cxpl&ined in the accoun15, Piep#re the accourtt5 on the going concerrt b&8is unl￿8 it is in4ppropriate 10 presume th&thE Associaiion ivill continue its atLiviiie3. The trusle¢s (through Ilit Benerai SCCLriary) rc5pon$ible for keeping proper accouniing rccord5 whirh disc105¢ with reasonable awuracy the finllncial p051tion of th¢ Associaiion at any time. They al$0 are respon$ible foi. safc8U8rding the lls$ct5 Ot'iheAs50Giation and hence for iaking reasonable steps £or die prcveniion and dcleclioD of fraud and oihcr Ir￿g￿laritie$,

Indopondont Examin015' Report to tho Tru¥tee¥ offh• Royal N8v&5 A88OGlatlon forthe year endod 31¥t Dg¢embor 2022 I r¢port on th¢ pccounls ofihe Chority forihe year endEd 31st De¢ember 2022 R¢spotiiv¢ r¢5ponslbllltS¢5 of trustsu llnd ¢iHniin¢r The charily's lJustee5 are r¢5ponsibl¢ for pi¢ppring the Truslees, Repoit and tb¢ fiNm¢ial 51atsmerts 4¢cordanc¢ wilh 8ppIiL¥ble law and UnliFd Kingdom accDunltng standards (United Kingdom Generally Atcepted Accounting Pra¢ilc¢l are sei out In th¢ Siaicm¢ni ofTru$iee5' ke5ponsibiliiies. The charitys trustees con$id¢r that 8A audit is not l¢qui￿d for this ycar (under scction 144(21 oflht Charities Aol 2011 (the ChariliBS Act)) and rh8t ind¢p¢ndentex¢min4tion is rttd¢d. Jt is my T¢5ponsibility io.. ¢xomine rhE acwunts IumLkr sBction 145 ofihe Charitie5 Act 20111., to followthe procedures laid down in the 0¢n￿￿1 DiTcrlion5 given by the Charity Comi5sioner5 lunoer s¢¢lioR 145(51(b) ofthg Charilic5 AGI 20111; and Iu stale wh¢lher pirticular mAtteis have Coma to our attentlon. Su515 of llld¢pend¢ni ox4mlTh¢r$' report My cxaminailon CHTFied out in Hwrd&nce wih genernl Direcions givBn by Ihv Charity CommissionBTS. An exHmlnation include5 u review of th¢ u¢counlin8 f¢coTds k¢pl by tht Charity Bnd a £on)parison ofihE I￿￿nIS pic5enicd wilh IhD5e Tccords. It p150 includ¢$ ¢onsideroiion ofAny ￿nUSU91 items or disc105ure5 in rhc Th¢counl$, pnd the seeking ofe¥plBnJlion5 from you as Iru5tCC5 concerning Any such mÈiter5. Tl)c proCEdU￿8 und¢rlaken clo not provid¢ all Ilie e￿denc¢ lh* would be required in Hn oudii ond. ¢on$Bqucnlly. no opinion is yvcn 85 lo wh¢iher the aceounts prescnt a'truc fair view" alld ￿POrt 15 limlied 10 thts5e matte sei out in th¢ Slaterneni b¢low. JndEpend¢iir ￿￿￿￿￿erE's1o1¢Mejll In cDnnc¢iion with my examing¢ion, no m4tter ttTrtRe to my attention.. whi¢h glYe$ me reasonjble couse tob¢li¢ve that. in gny msierial respccl, th¢ le9￿1r¢i￿ellts.' (ttl to keep r¥wrd5 in accorBncE Wlth 8eclion 130 ofthe ChErili¢s Act 2011: and Ibl to prepare &ecount8 ￿1¢h uc¢ord with the accouniiM8 retords lo tomply with tho i¢coutsiln8 requirements ofthe ChEritT¢¥ A¢1 20114nd rhe r¢8ul8tiDn5 made theTe#ndBr h&ve not IK¢n mer, or to whi¢14 in my opinion, atlenllon should be drawn in order 10 en1bl¢apro￿r uDd¢r5tandin8 ofihe Artounts 10 be re8vhed. Sign2d 20ih April 2023 Sonia Shah fccA ACA CTA Brooms Profr$5ionil Strvites Ltd room Huuse 39143 London ROH Htdlci8h B¢nfleet Essrx SS7 2QL

The Royal NAval AssociAtion Balance Sheet AS gt 31st December 2022 2022 Notes FlxÈd as$ets 2,717 1,348 Investments 12 1,416,454 1.830,957 Currtnt B5$¢t5 Stock of Boods for resale Debtor5 Balances Wltli banker5 Cash in hand 10,434 95,606 165,048 13,001 40, 762 207,077 13 7olal currenl assets 271 101 260,840 Creditor$: wmountB fAlling due within one year Creditors 14 126.002 J07.892 126.002 107.892 Nei cwJYnÉ cJJsets 145.106 152,948 Ttslal assels les5 cuiJ'Éni li£7bililieJ 1,564,277 1,991,233 Unrestricted lund5 Gciitral fund Life subscription fund Standards fund Property fund 920,608 9,762 10,000 491,375 1,297,J22 12,015 10,000 491.375 Rostrlcted funds Ceniral cli81ities fwid 1000 8ood deed5 fund Branch and club support fund Naval service memorial fund Project Seimaphorc fund Helping hands fund Comms fund Irisli transport fund Minibus fund Podcast fulld Wellbeing $3lary fund Sparko tv fvrtd HMS Mars fvnd TEMS fijnd 12,439 4,456 34,241 9,928 31.190 3.333 7,432 8,304 9,317 537 6,178 4.325 JO,176 4,622 31,768 10,705 19,465 3,333 19,872 8,304 16,215 537 JJ,039 4.465 220 852 I S64 277 J,991,233 Thos¢ financial ITLet)t$ w¢re approved by the Truste¢s on 20th April 2023 ond sign¢d on th¢ir beh¥lf by: VigE Admiral D Potts CB President I Irwin FCCA Honorary Treasur¢r

The ROYAI NavAI Association StAtem¢n¢ vf Cash FIu)v X5 at 315t Decernber 2022 2022 2Q21 Casb llow frorn fund Actlvlty N¢t movement in funds R¢conciliarion to cash generat¢d from op¢ration5'. Depreciation InYestmesJt income Net loss/lgain) (net of ahargesl in investhient5 Increase in 5tock5 In¢rEa5e in d¢b￿r$ Increase in Creditors (426.9561 50.920 639 129,2551 220,483 2,547 154.8441 534 (34.002) (140, Q64) (3,295) 6.404 Q4, 147) Net ￿$h fiow from a¢tfvitl85 269,276 144.250 C8sh floTrv from Snve5ting Httivltles PAyments to arquire tangible fixed ass#5 Payments to a¢quirE inv¢stment5 Re¢eipts from dispos41 of investments Inve5tmnent inCOTne r¢ceived {2.0081 200,000 29,255 34,002 Net c8sh now from inV￿tIng &ctiviti 227,247 34,602 CA$h tlow from flngnelne #ctlvitt¢s (50.OOOJ Net cash tlow from financing nctlvitits Net increAse l (decreAsel In ulsh Rnd cAsh equlvilents (42,029) (159.648) Ca511 and c%sh equiv#lEnts at stArt date 2022 207,077 366. 725 Cash and cash equlvgloDts at end date 2022 165 048 2Q7.077 CAsh Rnd c#5h equlvkl¢nts co￿813ts or: Cash at bank and in hand Short term dep051t5 165,04B 2Q7.077 Cash And CABh equlvAlents ot end dAt¢ 2022 165 048 207,077

The ROYAI NavAI A5S0¢iAtion Notes to the AccouDts for thé year tttdcd 31st Dtcember 2022 l. Aeeounting Polltleg a. Accountthg Conventlo Thc financial st&t¢incnts h4vE b<¢n prepared undei. thc hisloriral ¢u5t ¢unveniion, modified for ihe revaluaiion of investm¢nis. Tliey have been Prep￿ed in I￿¢0[dance ivith the SIELtement ot Recommendcd Pracilc¢-Acwunung artd tieporiing by CharitlC5 wepafiDg their accounts in accordance with th¢ fiDanci&l Repoitina Standard applicable in the UK IrRs 1021 issued on 16ih July 2014. applicable &ccounlin8 Standards and the Ch&i'ilie5 Act 2011.'l-hey have be¢n pirparcd Dn an awruals basis of 8ccounlin& cxccpt fo th¢ rE5tri¢ted funds, which have bc¢n prep&rEd on a ¢osl) occountimn2 basis. b. Aeconciligtlon with previo¥$ GentrAlly Ac¢¢pted Ac¢oulltlthg PrAetlte In pr¢p2ring Ihc &ccounts. IhE Iru51oes h&ve eon$tdered wheihcr in applyin8 thc aecountinE policics rcquircd by FRS102 and the Charities SORTr fRS102 ar¢siaiement ofcomparalsve items was needed. No r￿tateMen15 were required. ¢. Income ￿t￿gnItIon Income is recognized in the pEriod when the A5$(Kialloll i5 entltlcd to Te¢¢ipt and the amount can be m¢asur¢d with rea8onabl¢ a¢¢ui'acy. In accordonce with this policy: Lpgocie5 al'e included when the Royal Naval A550Clatiui i$ advised thal a paymenl will k made and Ihe amount involved can be quantificd. Gruhi$ are included when the conditions for r¢ceipt have been Gomplied with. Gifis l# kiKd and tangible incorno are included ai cost tD the donor Sf known, or d)c value to Ihc Roy41 Nav&1 Asso¢iatLon ¥Lt the drtte of recelpl. The accounling poliGy lor5ubxription income is dela11￿ bEIow. d. Fund Aetountlng Generol fund5 ar2 unrestrsthd funds which arc avail)ble tor the use al the di5crction of thB trustees in further8nce of Ihe general objective5 ofih¢ Chariiy and which have noi becn designoted for any othcr purp05C. Designaled funds 61.¢ Goinpristd of uDre51TlCted fund5 that have been Set asidc by the trusiees for particular Purposes. The aim and use of each designated fund is set out in the noies 10 Ihe fittan¢i81 s¢8iemenr5. Restricted funds are fund5 whieh are to be used in accoi'dance with specific r¢striction5 iillp05Ed by donors or which have becn rai5¢d by lh¢ ¢harily for p&iicular purposes. Th¢ ¢osi of raising and administerin8 such funds are charg¢d against the specific fund$. Th¢ &im ind use of each reslricwd fund is Set oui in the not¢5 lo the financial statcmcnts. Investment income and gains UTZ allo¢died to Ihc appropriate fund. ¢. Donatlons Donation$ are takett ￿ incomc upon receipl 8nd allocated to cuGh relevani fund &4 advised. f. Lifc Members? Subscriptions Lifc Subscripiiotts cannot be purcliased by indlviduals. but only by Branches and Area5 in rreoEniithon of mErilorious service. Lite Subscriptions reeeived are brought into thE Ac¢ountS 8s income by equal instalm¢nts over a pci'iod of ten ye8rs. g. CiltAided Subscrlptlons lrtconie Tax 15 recoverable from HM Revenue & Customs in respect of subscriptions paid by gift aid, and is taken into account in the year the subsctiplions are received.

The Royl Nayal A5so¢lwtlon Note5 to the Ac¢ovnts for tht year ended 315t Doeemb¢r 2C122 l. Actountlng Polleles (eohtinutd) h. Investments ind JIHnk Deposlts Jnvestm¢nt5 are 518ted ai markBI value as 41 the balance sheet dale using Ih¢ ¢losingquoted mortcet prlce. Re811s¢d g&in5 and1055es on inv¢stm¢ntS are cal¢ulaied ￿ the difference beiw¢¢n sales proceeds and their opBning rHrrying v&lue or IheST purchase y￿￿8 if gcquired subsequcnt to the first day of the finacial year. Unreali5cd B&ill5 8nd losses are calcul8ied a5 the diFfEr¢nce betw¢¢n th¢ fair v8lue Et Iheyear end and th¢ir ¢aTrying value. Reolised and unre4likd g&in5 and1055e5 are combin¢d in the Siaiem¢nl Df Financial Aciiviiies. Dividends and interest rec¢ivablc arc included in the in¢ome and ¢xpenditure a¢¢ount when they are received at an amount which includes any lax ¢redii recoverable from HM R¢v¢nue & Cu510m5. In￿r¢S1 receivable from fixed term deposits are Q￿rUed in the period that il is du¢. i. Exptndlture Re¢oenitlon Liabililies are recoBnis¢d as ￿p¢ndI￿re as soon 8S there is A legal or constructive obligaiion ¢omTnitting th¢ chjriry ¢0 that cxpendiiur¢, it is probable that s¢tll¢m¢nt will be required Ènd IhB &mount of the oblsgaiivn ¢an bB me85ured reliably. All exFendituir is accounted for on an a¢¢ruAls b&5is except for the restricted funds In which they are accounled for on a ash accounting basis. All expense5 inGluding sUPPOrt ¢0515 and govern2n¢e Gosis are allocaied or apporiloned to ih¢ pplicuble expcndiiure headings. j. AllotAtlon of Support And CovernAnet Costs Support cosi$ hav¢ been alloG2icd bEtween gov¢mance costs #nd Dther 5UPP)rt ¢oKs. Governance costs ¢ompTise all costs involvin8 ihe public 4￿UntabIlIty of the charity and its complian¢e with regula¢ion 8nd good prdclice. The only apportiDnrn¢nt io Eovernance costs relate to admini51ralive Salaries ¢i¢., and annual conference, which arg apportioned on the basis of IO% lo gow¢mance COS15. b￿ed on siaff time allocated 10 BoveTnance &ssue5. k. C05t ofRHlsing Funds The costs of generating funds con515t of inve5tmeDI management costs. l. Cost of Ch3rltAblt At￿vItI¢5 The cost of charitabl¢ Rc(IVl¢ies illcludes Rrnnts made. costs aiiTibutable to ¢h8riiable activi¢lu. gov¢rnance costs and other support cost5. m. Income T#1 RetllmEd on Glft Ald Incom¢ tsx is tecovcTed from HMRC on ineome received fTom subscriptions and donaiions by way of the gift ald s¢heme during the year. However, the actual amount recoverBble for th¢ yrar is brou8hi in a5 u provision due to th¢ dclay in lh¢ pro¢essinE of the information, The differenc¢ between the a¢iual Hmouni re¢eiv¢d and the provision 15 thcn &djysted fcr in the subsequent yrar. n. Ar¢1? CAplthtion F¢¢s The ￿'ta capiiaiion fees art based on two ¢lemenls. a) 5% of the subxriptions ￿e1Ved from branches in each ar¢a by 3151 December, and bl 80% of th¢ amount over £IO.(M)O r¢¢overed from HMRC by way of Ihe Gift Aid sch¢me. o. Tinglble Flxrd A55et$ Tan8ibl¢ fixed 8sse15 are capilalls¢d when Ihe cost of such assets (tXGludin8 VAT) exceeds £500. fangible fixed Assets are stated at cost le55 depi'eciaiion whl¢h Is provided In annual insialrncnts ov¢r th¢ ¢5lirnaied us¢ful eoonomic lives ofthe &5seis. Depre¢ialion is provided ai Ihe followlng annual rn1¢5'. FixiuTC5 llnd Fittings 20% stTaiBht lin¢ p. Stoeks Stocks consist of pur¢ha5ed go(￿5 for resale and are slated at the lower of c05t and net re41isable vAlue. Provision 15 made for slow-moving or obsolcle iletll5 where appi'oprial&

The ROYAI Naval As$oeSAtLOn Notes tD the Accounts for th¢ y¢•r ètrded 31st December 2022 CtniTII Cbthu¢s F￿d PrdJo£t G￿TIl Lifc si￿A￿rdI Fuhd FvNd Fwid Dceds cl￿b$UPr￿I MthiTruy F￿rtd Fund Fund 5th11￿0￿S CtywritdowiQD 1,2JJ l77.152 34.125 5.000 &205 11,J99) IQUOOWJ Brknehtod C1dJSuppxt F￿d Prolr 5ubKripiiuni Stsllthds Fuod Pund F￿d SL•fsuvd5 17.C112 2,615 Inv￿¢￿It￿t￿r￿om￿ IQODQwd DeEdi Q¢thwil knte3ybJ¢riwiuM Si&ndthf P￿id FuThl ClubS¥pe Semnphr• knd Fund ?9.045 292J5 IOODfMd L￿¢d1 Projo s￿nIPh￿[C IknNI LLf¢&Jbsrri￿￿n$ Slkodltth F￿d ch￿￿thS CbJb5vpw1 FuThd P4alEof• c￿￿ll(lie

The Roy41 Naval AssoelAtlon N•tE5 to the Atcfyu￿ts for the yeAr ended 319¢ Dt¢tmb¢t 2022 liyelti WdlbeiNg5Jliry 5yllikoTV HM5 Mws Fund Fwhd T￿s Trtcl Suknpiiorts 770 4.500 1,25J 24S821 &253 Af¢dr4pil4liw fee 11.941J 1.380 30 8¥7.OPI WdlbEinBSDhry Sp￿0Tv IIM5fthts TEhrfS Fun6 2021 SnkofwO¥ 57,002 9.0)1 5*hiDfdiiiKS 1615 W￿EbEl￿&s11V SwtlDTV IIM5MLts FiThd TPM5 Fmnd 2Q T411 34.M? Mir& WelknD#Siliry SwkDTV Fur Fwnd TEM5 ID21 To Podcd fuel 30D 4DJ 703

The ROYAI TrIAvRI Association Notes to the Aceounts foT the yeir ¢Dded 3J$t De£tmber 2022 2022 202J Twol Unf¢&lr1¢irdGeJ￿r￿IfWo.. Cost Df8o¢ds 16.876 2,923 I,oJJ InYesiiTrEni rnthogcmtTrifeeJ 7. ExTrcndlture om.. 2022 2021 Gra [￿j¥Jing0f Ddertikth SupportcoSL4 Totsl AdThinI511ell￿ s￿l￿rip5a￿d swff pensiOtI 5¢heme eOhiribuiiort5 Nutionol inSurnnce roniributions ProfeJJion&l sccounitsncyand ¢DnsuttuD¢y feE5 213,024 16,OJ3 J2,40 10.gJ4 4.007 J.827 9.642 2.249 14.722 2.170 5,957 16.320 7,069 3,803 3.802 PD￿ll8t lelep￿ne 2.334 2J34 Ornettquipmeni main￿￿￿e orri£È B￿￿pmEnt leasinE MDrkelinB, publiciiyand w&b5jl¢ Qrnphics NpiioThal branch recruiimenl &rdeNian Nden￿n￿O ond prizps CONA expEndiiur¢ Ind¢pcndcnt examinalion M¢m￿[￿lp¢ardS irdininB&nd rc¢rUilincnt Lc8bl and profcssionol fet3 22,524 3.953 22,S24 3,953 17.J24 JJ4 1,012 J.407 3.078 J.816 3.078 1,000 3.000 J.P2J 1,270 4.282 4,2E2 34 J,ioi 30 53 897 Bahk charg¢531vJ ini¢rosi Currpncy Con￿[sI0n{g0inYIvss i Jio 639 639 1,252 940 Mi8cellAncous Ex￿￿5s M¢moDal bench Ptovlsion ofunre¢overabiliiy ofVAT 1252 940 JO.197 10.000 ?,Jpo sIAndord bowers, compBiiiion Solljlll ¢or¢iRoDiDI evEDts IMC rXXViiVC Counril 3,BJ3 2,796 1,463 20,871 3,853 2.796 J.638 1.6J8 20.863 UtkerAch8lllPiQll5hip Fundtd Itoin re51ricled furOs'. Grthts Irorn cenirnl ¢hiriii¢s fund from IQQ &ooddeed$ f￿rtd Gronts frDmbrlln¢b Andclub supportfund NBlIon￿ memorial rost5 caJES Ior wojc¢l 5emaphorc AdrninislrallV¢ foi projcBt SEm&plior miThisir•livC co5￿ forlwlpiDB kJnd¥ Adminisiraiive eosLS forcomms fuTh Miribus proje¢1 Expendilure Pod¢Bsi fund cxpcndiiuie AdmirtlstrÈiive CO5￿ forwellbeillB ￿lery S￿rk0 iv fund exptndilure DoDiiions pid re Marsknd Adminisirwivttcoms forTEMS fund I1.(￿0) 166 6,000 J4 5,In 987 4.575 987 4,575 8.220 12.203 299 30.128 5.566 7) Je,040 J3S 17.440 7.OB7 7.087 44.161 140 44,L61 140 407 408 72.DlO 483 757 JIZ,089

Th¢ Royal Naval A550ciation Notes to the A¢counts for the year ended 31st December 2022 8. Allocation ofgovtrnanct and $upporl costs 2022 2021 Total allocated Govcrnan¢¢ rela*d Other Sllpport rosts Gtyrtmanctt relal2d Other SuppDrt Costs rundedfiom iinpe$ti'icledfiiMds.' AdminsslTaiive salari¢s and staff pension s¢heTne ¢oniribtsiion5 N8tiOTwI insuranc¢ wniTibiilions Prtsfe5siOn￿ awountancy Hnd consuliurKy fces Travclling and Itaison 1181¢$ and Utilities Insurance Prinring, Slationcry and conpuicr suppli Repairs and mainl¢nan¢e orfice ¢quiptnenl l¢Dsin8 Jndep¢nd¢ntex4tnination B￿k tharges and interest Currewy ¢OllVCT5ion 10851lprofitl DepT￿latIon of fjxtures and fillings Annual conferen¢c 20.118 1,419 16,320 7.069 3.172 3.802 12.841 872 20.118 1,419 16,320 7.069 21,362 1,663 12.400 3,902 3,172 3.802 12.841 872 rf,067 3.827 2,249 5,957 894 1,000 1.000 i.(K)o 1,7n4 315 534 (51 639 639 2.319 2.319 2.686 72.010 48,245 43.013 J9,268 12

The Roy81 IYAVBI A550ciation Noto$ to tht Aetounts for the yeAr ended 31¥t DccerDbor 2022 GrAn(s AwArded 2022 202J SiafrTdordsfiirtd.. Grants to Dranches CEnfral Charilles Ftlnd.. W¢lfare grgn15 lo lrtdividu￿S Grants to Organi5&tions for IndividuaJ$'. 6.000 IOQO Good DÈgds fiimd.. Grants lo individuals 166 34 Br<￿¢1 and Club Siippori Fiind.. Grants 10 Branc1￿$ and Club5 5,173 7,911 TotuI Gr801s Awarded 13,945 10. Net Intoming Rtsourcos After chArglng.' 2022 2021 Nei ift¢oiitlNgr2sottrceyure sialedaflep ¢horglng In the GenÉr&l FU￿d.. Brooms Frol¢ssional Services Ltd: independentexaminaiion accounlAn¢y, laxaiion and con￿lIancY Depreciai2on orrixlur¢s and fittings Opcraiing lew rert1218 of equipmelit 1,000 16,320 639 .134 J,000 J2,400 534 894 11. Fixed Assets Fixtut¢5 & FittjJlES Tol81 CostNAlllatkon AL IsLJ8nuary 2022 13.485 13,4B5 Additions 2,008 2.008 Disposals Ai 3151 D¢cember 2022 15,493 15.493 Deprecl3tion At l$1 Isnuary 2022 12.137 Cliwr8e forycar 639 639 Disposals Al 31s1 D¢¢embei 2022 12,776 Nei Book VAlue At 31st December ZO22 2.71? 2,717 Ai31$tD8cÈmb¢r 202J 1,348 1.348 13

Th¢ ROYAI Nav41 Asso¢l4tlon Note5 to the Aeeounts for the ye*r ended 31st December 2022 12. Investments The investment portfolio ha5 been v8luEd at market value 45 at 31st D¢c¢mbgr 2022. The inv¢5tmenis cat¢8orised as follows: 2022 2021 Market Value C05t Morkn Yalue Cosl List¢d investments 1.416,454 1,481,165 1,836,937 1.682,607 1.416454 1.481,165 J,836,937 1,682,6f17 13. Debtoys 2022 2021 Due from branches tL)an5 to clubs and branches Sundry debtOT$ and prepdym¢nts 12,257 28,242 55.107 lJ,358 19,92 9.484 95,606 40, 762 14. Credltors 2022 2021 Trade ¢reditors Due to branches Provision for capitation fees Funds from decommi55ion¢d branches Sundry credito￿, accruals and deferred income 26,089 2.698 .951 65.943 29,321 9,818 1,941 Tll, 740 22,292 126,002 107,892 14

Tho ROYAI NAvfilA550<14tlfyn Noirs to th¢ AecDUDtg for ib¢ yurended 31st D¢etrnbcr202Z l& Siff ¢Dsts 2022 2021 s￿Arles Pcn5ion fDsts Employers, nutIcn￿ in5uron¢e 273.328 26J.930 17.856 301.940 Average iiurnbu ofslsff durin8thc ycar.. Employee'5 E[t￿luMentS bElow £60.000 Employes emolunicnis abovc £60,000 Employe¥5 emDIU￿CAis paid tiirouBh fund ￿0J1 EmployEd3 emolum¢nis paid ￿)rough shipmotes CWiPBiEn grnnt8 Iinployee's ernolum￿1ts paid dirough 5QGial media grani No trus1¢¢ or puEoii relaicd or cottiieewd by busti￿& lo i￿￿Trh￿ rcccived any rcsnun¢raiion froiL th¢ AssocI￿10n nor hovc they Bnicrcd inLO any LrÉns&¢tion. ¢orttsact or othct orr8n8¢m¢ntwilh thc A5$Dcialiun durins Ilie y¢ar. Dyring Ihe yvar, exp¥nses were reimbuisBd lo IliE L4oard ofTnsice m¢mb¢rs wh¢¢h priDcipDlly rcpre5cnt ieimbursed trnvdlin8, Ac¢ommodaiion and sub515¢ucEexpEn5es in attending mEeiin8s O￿lE18j arrangem¢Mt5. wliich ￿ included in tlie"Iravellin8 and I1￿5￿n n41ional council and oth¢r coll￿11t¢e m2ElinE5 C051 of£7.069. IG. Fund5 Th¢ General Fund Life Subscription fuLid$ art unr¢siri¢i¢d fvnos used fOrg￿leT31 purposu. b. Tlie Siandards fund is 10 b¢ used for lh¢ replliT oi rcplDccincnl ofdwna8Ed, Iosi 01 ¥iolen bran¢h51andard5. The Properly futtd is dp5iBnDted for ￿le purp05eof i¢quiring pioperty for use by Ihe Central Office. d. The Cen1r￿ Chtriue8 Fund is USBd ftrrspecific ¢h￿lIable projccL% which must providE ￿lstance 10 $ervin8 end ex-iiaval pEisoJyn¢l and their dependanL8. The 1000 GDod D¢ed5 Fund 1$ 10 ert¢our￿e mort gble $hipwEl45 10 Igke Icss obl¢ shipmates oui 10 eV￿ts. f. The Brandi w)d Club Supporl Fund provides assi5tsnce lo br¥nthes iheirelubs. Tljc Ntsytl Service Mciiiorid Fund (forn￿[y known L% Clian¢r Chnll¢nBC 2014 f•undl is u5cd for ￿lUTc iiinlcnan¢¢ id in5ur8ncB ofuic mcmDrial ¢TccIBd atTli¢NoiionEJ Memoriul ArbDroturn. h. The Proje¢1 Seinoplioie Fund is to provide inform￿10￿ l¢chnolo8y 10 the digit￿lY isolated VELerAns. Tlie Helping Handg Fund is to provide 8s5iSl8nce iothe fmoncin8ofiPad Volunte￿ ¢xp¢n5¢5. j. Tlic Comms f4llDd is generou51y provided by Greenwi¢h Il￿ph￿l as a grBtti 10 allDW tlic irnproved Eosllr￿ withlnthe RNA ￿￿0v8h employRieni of a comms profcssionaj in Iheceniial oFfJcc ieam. Thc IrishTry￿SPOri Fund i% lo provide financi￿ IL%5Sllln¢e f¢r provision of L￿spOrt in Ihe whok ofirtland. I, ThB Minibu$ Fund be Used to supply and maintain thre¢MtnibuS￿ to mitlBDtC iOCi81 i501dtion in v¢ter6ns, The Podc&%i Fund is 10 piomots end contribuie 10 the well bellig of shlpJnaie5 find loneliaes$. rhe Wellbein8 Salary Fund i$ 10 provide funds for a5d8ry for the FwfE5sionaiisaiion of welfpse suppori lo ibemembership. Sparko TV FLnd is 8enerously prDyidBd by ftb511MC for RNA rne]nbBrs expenses &ssociaied willi th¢ supply of the Spatko Piojerl. p. HMS MBts fund is an appeal fund 10 rai$e money 10 liejp refurbish Ihe HMS Mars Me￿rI￿J. q. TEMS fwid ITr8n5iiion EmploynKni Mentorin8 S¢honel Is A M￿lo[ln@scheme for per50nn¢l IE4YinB thelioyaiNovy. IY. L¢gary 10 bt r¢ttlv¢d 2023 Since thE baionce51wctdaie bui before the ¥ppsovd of these a¢¢ounts. il has be￿7 noiifKd lo die RoyBi Navd Asso¢iaiion. that thEy io rettiY¢ A le￿Y in 2023 of abo￿1 £250.000. wliith it is undento¢d will not bc resbiEted funds. l5

Th¢ Royal NAval A550CiHtion Intome find Expendlture Account for the yegr end¢d 318t D¢e¢mber 2022 2022 2n21 Income Members Donaiions Receiv¢d RNRMC Fundirlg Legacies and Other Don8tion$ R¢¢¢ivcd Corpor8te Donations Lif¢ Member Subscriptions Replacement Membershtp C&Tds Tncome Tax Reclaimed on Gift Aid 61.708 93.134 16.794 2,000 3,023 58,174 83,355 86,614 4.500 J.206 5.265 4,427 181,924 240,328 Les5: Area Capitition F¢c5 (1,5991 (1.941) 180,325 238,387 Good5 D¢p￿￿ent- Incom¢ Costs 17,002 16,876 9,Q22 ,022 126 DiaTits Incom¢ Cwts 2.645 2,925 3, 182 ,033 (2801 I,J49 Certificat¢ of Appre¢illtion Admin Charge 300 Royalties and Commission R¢c¢ived 177 403 Investment Income 29,255 34.597 GL7nt for CONA 3,816 3,407 Total Income (exrrlEd forward) 213.419 278.245 Note.. Thts page do¢s not form part of the fom7al a¢Gounts 16

Tht ROYHI NAv&I A¥sotl41io* $nd Exptndlture AcrouNI for ilic yoar 3151 Dceemb¢r 2022 leokilnuodl 022 Brouwtt forward 213.419 278,243 DEdiirl.' Expeiidituye Administr21ivc Salarics End StAffP￿S1OIJ Scjicme ConiribuiioD5 Nauon81 Insurwjce Coiiiribuiions Prof¢55ionlll AccDWittncy And Collsultsncy F¢es 213,624 10,oJJ 14,190 16.320 12.400 231 692 242 If57 Tiairllin8 ond Li)ison'.- Nalioiiul CuuilC&l Hnd 01￿Co[￿li1￿C m2ciinES Ccnirol Office Si&ff and Offici￿$ Caiirul Offi¢c Open Days 7.069 3,902 6,76P 263 10.934 431 R2ies Ind Uiiliii¥ Insurance Po.%iage end Telep1w￿ Priiitiii& Slaiiomcry and Compuler Suypli¢s Yearbooks Circtsldn 8rtdN¢w51¢iietS Offi¢¢ Equipm¢nt MllinlcnBnce Offiee E4llipmL'nl LpLt5illB M8rkeiin8. Publiclty aDd Website Gy4kthi¢s Qixzits Nalioiial BrDncli Recruiimert & ReiEniion Mcntonng Dnd Prizcs CONA EKpEndilv Independeni Ex&ttsnoiloii Membcrslisp Cord5 Saf¥BuaribiwTrsininBID8S Certificaies SiuffTrDillinB Recrlliiment Lesal and Professional Fee5 Subsciipiion5 to Other OrsanislllOn5 ClitsrBes and liiierc31 Curreiicy Coiiversion IG3inllLoss Inve511ncMt Man￿¢￿¢￿1 Fees Deptt¢ittiion of FixitsrEs Fillui85 Miscellaneou5 Expewe$ Memorial f4ench Proyision forunrerovcrAbilily of VAT Donation 10 SubJDariners AppB 3.172 3.802 4,007 3.827 ,643 2.249 24,722 2.170 5.957 691 17,324 12.841 2,334 8?2 17.470 3,953 5,054 554 1,012 3,407 1.000 J,000 J,078 J.816 1,000 285 98$ 4.282 1.747 5.921 {2,118J 348 1,704 36 13,846 639 1.232 940 534 897 10,497 10,000 Ccnoi8ph ParAde SitsndDrd BearEr$' Compctilioo Social ll1￿ Cerciiionial Events Youth S&ilin8 Camp W¢ifgre Seniiiiar IMC Execuiivr Coun¢il Annual ConfetEn¢¢ Uckers Chsmipionship 7.390 3.853 2.796 3.038 1.463 23.193 J,038 26.863 148.592 Totil ExpoJidltllr¢ 379,811 402,J83 (Dencilysurplus for Ilio Yur 166 392 12J,940 Note., This pa£¢ th¢5 not forthpDrt ofthc f¢mJal a¢¢LXU)ts. 17

THE ROYAL NA VAL ASSOCIATI Charity Registration NuTnber'. 266982 STA TEMENT OF ACCOUNT THE YEAR ENDED 31ST DECEMBER Z022 BROOMS PRofiCI SSIONAL SERVICES LIMITED CFL4RTERED ERTIFIED ACCOUNTANTS RE ISTERE AUDITORS

Thè Royal Naval Assoclatlon Stslèmènt of th& Trustègs, Responslbllltle5 The Iruslee5 81t required to prepare accounti for e&th financial yeur whith give B true ond fair view of the A550ciation's fingnciRI BciiviIjC3 during ih¢ yw and of 118 fjnancial posiiion 4t th¢ end of lh¢ year. In pieporin8 those aceounis. the trusl¢c5 art required ¢0.. Seleci 5Ultable accounting pollcies and then apply ihtm consistEnily, Make judBemenls and estima1¢5 IhBI &re rea8onable and prud¢ Siatc whcther &pplic&ble accouniing st8nd8rd5 Rnd ¥tBtemenis of r¢cvrnmendeiJ practice have been foll¢wed, subject 10 any rnaleriRI deparlUTes discloscd and cxpl&ined in the accoun15, Piep#re the accourtt5 on the going concerrt b&8is unl￿8 it is in4ppropriate 10 presume th&thE Associaiion ivill continue its atLiviiie3. The trusle¢s (through Ilit Benerai SCCLriary) rc5pon$ible for keeping proper accouniing rccord5 whirh disc105¢ with reasonable awuracy the finllncial p051tion of th¢ Associaiion at any time. They al$0 are respon$ible foi. safc8U8rding the lls$ct5 Ot'iheAs50Giation and hence for iaking reasonable steps £or die prcveniion and dcleclioD of fraud and oihcr Ir￿g￿laritie$,

Indopondont Examin015' Report to tho Tru¥tee¥ offh• Royal N8v&5 A88OGlatlon forthe year endod 31¥t Dg¢embor 2022 I r¢port on th¢ pccounls ofihe Chority forihe year endEd 31st De¢ember 2022 R¢spotiiv¢ r¢5ponslbllltS¢5 of trustsu llnd ¢iHniin¢r The charily's lJustee5 are r¢5ponsibl¢ for pi¢ppring the Truslees, Repoit and tb¢ fiNm¢ial 51atsmerts 4¢cordanc¢ wilh 8ppIiL¥ble law and UnliFd Kingdom accDunltng standards (United Kingdom Generally Atcepted Accounting Pra¢ilc¢l are sei out In th¢ Siaicm¢ni ofTru$iee5' ke5ponsibiliiies. The charitys trustees con$id¢r that 8A audit is not l¢qui￿d for this ycar (under scction 144(21 oflht Charities Aol 2011 (the ChariliBS Act)) and rh8t ind¢p¢ndentex¢min4tion is rttd¢d. Jt is my T¢5ponsibility io.. ¢xomine rhE acwunts IumLkr sBction 145 ofihe Charitie5 Act 20111., to followthe procedures laid down in the 0¢n￿￿1 DiTcrlion5 given by the Charity Comi5sioner5 lunoer s¢¢lioR 145(51(b) ofthg Charilic5 AGI 20111; and Iu stale wh¢lher pirticular mAtteis have Coma to our attentlon. Su515 of llld¢pend¢ni ox4mlTh¢r$' report My cxaminailon CHTFied out in Hwrd&nce wih genernl Direcions givBn by Ihv Charity CommissionBTS. An exHmlnation include5 u review of th¢ u¢counlin8 f¢coTds k¢pl by tht Charity Bnd a £on)parison ofihE I￿￿nIS pic5enicd wilh IhD5e Tccords. It p150 includ¢$ ¢onsideroiion ofAny ￿nUSU91 items or disc105ure5 in rhc Th¢counl$, pnd the seeking ofe¥plBnJlion5 from you as Iru5tCC5 concerning Any such mÈiter5. Tl)c proCEdU￿8 und¢rlaken clo not provid¢ all Ilie e￿denc¢ lh* would be required in Hn oudii ond. ¢on$Bqucnlly. no opinion is yvcn 85 lo wh¢iher the aceounts prescnt a'truc fair view" alld ￿POrt 15 limlied 10 thts5e matte sei out in th¢ Slaterneni b¢low. JndEpend¢iir ￿￿￿￿￿erE's1o1¢Mejll In cDnnc¢iion with my examing¢ion, no m4tter ttTrtRe to my attention.. whi¢h glYe$ me reasonjble couse tob¢li¢ve that. in gny msierial respccl, th¢ le9￿1r¢i￿ellts.' (ttl to keep r¥wrd5 in accorBncE Wlth 8eclion 130 ofthe ChErili¢s Act 2011: and Ibl to prepare &ecount8 ￿1¢h uc¢ord with the accouniiM8 retords lo tomply with tho i¢coutsiln8 requirements ofthe ChEritT¢¥ A¢1 20114nd rhe r¢8ul8tiDn5 made theTe#ndBr h&ve not IK¢n mer, or to whi¢14 in my opinion, atlenllon should be drawn in order 10 en1bl¢apro￿r uDd¢r5tandin8 ofihe Artounts 10 be re8vhed. Sign2d 20ih April 2023 Sonia Shah fccA ACA CTA Brooms Profr$5ionil Strvites Ltd room Huuse 39143 London ROH Htdlci8h B¢nfleet Essrx SS7 2QL

The Royal NAval AssociAtion Balance Sheet AS gt 31st December 2022 2022 Notes FlxÈd as$ets 2,717 1,348 Investments 12 1,416,454 1.830,957 Currtnt B5$¢t5 Stock of Boods for resale Debtor5 Balances Wltli banker5 Cash in hand 10,434 95,606 165,048 13,001 40, 762 207,077 13 7olal currenl assets 271 101 260,840 Creditor$: wmountB fAlling due within one year Creditors 14 126.002 J07.892 126.002 107.892 Nei cwJYnÉ cJJsets 145.106 152,948 Ttslal assels les5 cuiJ'Éni li£7bililieJ 1,564,277 1,991,233 Unrestricted lund5 Gciitral fund Life subscription fund Standards fund Property fund 920,608 9,762 10,000 491,375 1,297,J22 12,015 10,000 491.375 Rostrlcted funds Ceniral cli81ities fwid 1000 8ood deed5 fund Branch and club support fund Naval service memorial fund Project Seimaphorc fund Helping hands fund Comms fund Irisli transport fund Minibus fund Podcast fulld Wellbeing $3lary fund Sparko tv fvrtd HMS Mars fvnd TEMS fijnd 12,439 4,456 34,241 9,928 31.190 3.333 7,432 8,304 9,317 537 6,178 4.325 JO,176 4,622 31,768 10,705 19,465 3,333 19,872 8,304 16,215 537 JJ,039 4.465 220 852 I S64 277 J,991,233 Thos¢ financial ITLet)t$ w¢re approved by the Truste¢s on 20th April 2023 ond sign¢d on th¢ir beh¥lf by: VigE Admiral D Potts CB President I Irwin FCCA Honorary Treasur¢r

The ROYAI NavAI Association StAtem¢n¢ vf Cash FIu)v X5 at 315t Decernber 2022 2022 2Q21 Casb llow frorn fund Actlvlty N¢t movement in funds R¢conciliarion to cash generat¢d from op¢ration5'. Depreciation InYestmesJt income Net loss/lgain) (net of ahargesl in investhient5 Increase in 5tock5 In¢rEa5e in d¢b￿r$ Increase in Creditors (426.9561 50.920 639 129,2551 220,483 2,547 154.8441 534 (34.002) (140, Q64) (3,295) 6.404 Q4, 147) Net ￿$h fiow from a¢tfvitl85 269,276 144.250 C8sh floTrv from Snve5ting Httivltles PAyments to arquire tangible fixed ass#5 Payments to a¢quirE inv¢stment5 Re¢eipts from dispos41 of investments Inve5tmnent inCOTne r¢ceived {2.0081 200,000 29,255 34,002 Net c8sh now from inV￿tIng &ctiviti 227,247 34,602 CA$h tlow from flngnelne #ctlvitt¢s (50.OOOJ Net cash tlow from financing nctlvitits Net increAse l (decreAsel In ulsh Rnd cAsh equlvilents (42,029) (159.648) Ca511 and c%sh equiv#lEnts at stArt date 2022 207,077 366. 725 Cash and cash equlvgloDts at end date 2022 165 048 2Q7.077 CAsh Rnd c#5h equlvkl¢nts co￿813ts or: Cash at bank and in hand Short term dep051t5 165,04B 2Q7.077 Cash And CABh equlvAlents ot end dAt¢ 2022 165 048 207,077

The ROYAI NavAI A5S0¢iAtion Notes to the AccouDts for thé year tttdcd 31st Dtcember 2022 l. Aeeounting Polltleg a. Accountthg Conventlo Thc financial st&t¢incnts h4vE b<¢n prepared undei. thc hisloriral ¢u5t ¢unveniion, modified for ihe revaluaiion of investm¢nis. Tliey have been Prep￿ed in I￿¢0[dance ivith the SIELtement ot Recommendcd Pracilc¢-Acwunung artd tieporiing by CharitlC5 wepafiDg their accounts in accordance with th¢ fiDanci&l Repoitina Standard applicable in the UK IrRs 1021 issued on 16ih July 2014. applicable &ccounlin8 Standards and the Ch&i'ilie5 Act 2011.'l-hey have be¢n pirparcd Dn an awruals basis of 8ccounlin& cxccpt fo th¢ rE5tri¢ted funds, which have bc¢n prep&rEd on a ¢osl) occountimn2 basis. b. Aeconciligtlon with previo¥$ GentrAlly Ac¢¢pted Ac¢oulltlthg PrAetlte In pr¢p2ring Ihc &ccounts. IhE Iru51oes h&ve eon$tdered wheihcr in applyin8 thc aecountinE policics rcquircd by FRS102 and the Charities SORTr fRS102 ar¢siaiement ofcomparalsve items was needed. No r￿tateMen15 were required. ¢. Income ￿t￿gnItIon Income is recognized in the pEriod when the A5$(Kialloll i5 entltlcd to Te¢¢ipt and the amount can be m¢asur¢d with rea8onabl¢ a¢¢ui'acy. In accordonce with this policy: Lpgocie5 al'e included when the Royal Naval A550Clatiui i$ advised thal a paymenl will k made and Ihe amount involved can be quantificd. Gruhi$ are included when the conditions for r¢ceipt have been Gomplied with. Gifis l# kiKd and tangible incorno are included ai cost tD the donor Sf known, or d)c value to Ihc Roy41 Nav&1 Asso¢iatLon ¥Lt the drtte of recelpl. The accounling poliGy lor5ubxription income is dela11￿ bEIow. d. Fund Aetountlng Generol fund5 ar2 unrestrsthd funds which arc avail)ble tor the use al the di5crction of thB trustees in further8nce of Ihe general objective5 ofih¢ Chariiy and which have noi becn designoted for any othcr purp05C. Designaled funds 61.¢ Goinpristd of uDre51TlCted fund5 that have been Set asidc by the trusiees for particular Purposes. The aim and use of each designated fund is set out in the noies 10 Ihe fittan¢i81 s¢8iemenr5. Restricted funds are fund5 whieh are to be used in accoi'dance with specific r¢striction5 iillp05Ed by donors or which have becn rai5¢d by lh¢ ¢harily for p&iicular purposes. Th¢ ¢osi of raising and administerin8 such funds are charg¢d against the specific fund$. Th¢ &im ind use of each reslricwd fund is Set oui in the not¢5 lo the financial statcmcnts. Investment income and gains UTZ allo¢died to Ihc appropriate fund. ¢. Donatlons Donation$ are takett ￿ incomc upon receipl 8nd allocated to cuGh relevani fund &4 advised. f. Lifc Members? Subscriptions Lifc Subscripiiotts cannot be purcliased by indlviduals. but only by Branches and Area5 in rreoEniithon of mErilorious service. Lite Subscriptions reeeived are brought into thE Ac¢ountS 8s income by equal instalm¢nts over a pci'iod of ten ye8rs. g. CiltAided Subscrlptlons lrtconie Tax 15 recoverable from HM Revenue & Customs in respect of subscriptions paid by gift aid, and is taken into account in the year the subsctiplions are received.

The Royl Nayal A5so¢lwtlon Note5 to the Ac¢ovnts for tht year ended 315t Doeemb¢r 2C122 l. Actountlng Polleles (eohtinutd) h. Investments ind JIHnk Deposlts Jnvestm¢nt5 are 518ted ai markBI value as 41 the balance sheet dale using Ih¢ ¢losingquoted mortcet prlce. Re811s¢d g&in5 and1055es on inv¢stm¢ntS are cal¢ulaied ￿ the difference beiw¢¢n sales proceeds and their opBning rHrrying v&lue or IheST purchase y￿￿8 if gcquired subsequcnt to the first day of the finacial year. Unreali5cd B&ill5 8nd losses are calcul8ied a5 the diFfEr¢nce betw¢¢n th¢ fair v8lue Et Iheyear end and th¢ir ¢aTrying value. Reolised and unre4likd g&in5 and1055e5 are combin¢d in the Siaiem¢nl Df Financial Aciiviiies. Dividends and interest rec¢ivablc arc included in the in¢ome and ¢xpenditure a¢¢ount when they are received at an amount which includes any lax ¢redii recoverable from HM R¢v¢nue & Cu510m5. In￿r¢S1 receivable from fixed term deposits are Q￿rUed in the period that il is du¢. i. Exptndlture Re¢oenitlon Liabililies are recoBnis¢d as ￿p¢ndI￿re as soon 8S there is A legal or constructive obligaiion ¢omTnitting th¢ chjriry ¢0 that cxpendiiur¢, it is probable that s¢tll¢m¢nt will be required Ènd IhB &mount of the oblsgaiivn ¢an bB me85ured reliably. All exFendituir is accounted for on an a¢¢ruAls b&5is except for the restricted funds In which they are accounled for on a ash accounting basis. All expense5 inGluding sUPPOrt ¢0515 and govern2n¢e Gosis are allocaied or apporiloned to ih¢ pplicuble expcndiiure headings. j. AllotAtlon of Support And CovernAnet Costs Support cosi$ hav¢ been alloG2icd bEtween gov¢mance costs #nd Dther 5UPP)rt ¢oKs. Governance costs ¢ompTise all costs involvin8 ihe public 4￿UntabIlIty of the charity and its complian¢e with regula¢ion 8nd good prdclice. The only apportiDnrn¢nt io Eovernance costs relate to admini51ralive Salaries ¢i¢., and annual conference, which arg apportioned on the basis of IO% lo gow¢mance COS15. b￿ed on siaff time allocated 10 BoveTnance &ssue5. k. C05t ofRHlsing Funds The costs of generating funds con515t of inve5tmeDI management costs. l. Cost of Ch3rltAblt At￿vItI¢5 The cost of charitabl¢ Rc(IVl¢ies illcludes Rrnnts made. costs aiiTibutable to ¢h8riiable activi¢lu. gov¢rnance costs and other support cost5. m. Income T#1 RetllmEd on Glft Ald Incom¢ tsx is tecovcTed from HMRC on ineome received fTom subscriptions and donaiions by way of the gift ald s¢heme during the year. However, the actual amount recoverBble for th¢ yrar is brou8hi in a5 u provision due to th¢ dclay in lh¢ pro¢essinE of the information, The differenc¢ between the a¢iual Hmouni re¢eiv¢d and the provision 15 thcn &djysted fcr in the subsequent yrar. n. Ar¢1? CAplthtion F¢¢s The ￿'ta capiiaiion fees art based on two ¢lemenls. a) 5% of the subxriptions ￿e1Ved from branches in each ar¢a by 3151 December, and bl 80% of th¢ amount over £IO.(M)O r¢¢overed from HMRC by way of Ihe Gift Aid sch¢me. o. Tinglble Flxrd A55et$ Tan8ibl¢ fixed 8sse15 are capilalls¢d when Ihe cost of such assets (tXGludin8 VAT) exceeds £500. fangible fixed Assets are stated at cost le55 depi'eciaiion whl¢h Is provided In annual insialrncnts ov¢r th¢ ¢5lirnaied us¢ful eoonomic lives ofthe &5seis. Depre¢ialion is provided ai Ihe followlng annual rn1¢5'. FixiuTC5 llnd Fittings 20% stTaiBht lin¢ p. Stoeks Stocks consist of pur¢ha5ed go(￿5 for resale and are slated at the lower of c05t and net re41isable vAlue. Provision 15 made for slow-moving or obsolcle iletll5 where appi'oprial&

The ROYAI Naval As$oeSAtLOn Notes tD the Accounts for th¢ y¢•r ètrded 31st December 2022 CtniTII Cbthu¢s F￿d PrdJo£t G￿TIl Lifc si￿A￿rdI Fuhd FvNd Fwid Dceds cl￿b$UPr￿I MthiTruy F￿rtd Fund Fund 5th11￿0￿S CtywritdowiQD 1,2JJ l77.152 34.125 5.000 &205 11,J99) IQUOOWJ Brknehtod C1dJSuppxt F￿d Prolr 5ubKripiiuni Stsllthds Fuod Pund F￿d SL•fsuvd5 17.C112 2,615 Inv￿¢￿It￿t￿r￿om￿ IQODQwd DeEdi Q¢thwil knte3ybJ¢riwiuM Si&ndthf P￿id FuThl ClubS¥pe Semnphr• knd Fund ?9.045 292J5 IOODfMd L￿¢d1 Projo s￿nIPh￿[C IknNI LLf¢&Jbsrri￿￿n$ Slkodltth F￿d ch￿￿thS CbJb5vpw1 FuThd P4alEof• c￿￿ll(lie

The Roy41 Naval AssoelAtlon N•tE5 to the Atcfyu￿ts for the yeAr ended 319¢ Dt¢tmb¢t 2022 liyelti WdlbeiNg5Jliry 5yllikoTV HM5 Mws Fund Fwhd T￿s Trtcl Suknpiiorts 770 4.500 1,25J 24S821 &253 Af¢dr4pil4liw fee 11.941J 1.380 30 8¥7.OPI WdlbEinBSDhry Sp￿0Tv IIM5fthts TEhrfS Fun6 2021 SnkofwO¥ 57,002 9.0)1 5*hiDfdiiiKS 1615 W￿EbEl￿&s11V SwtlDTV IIM5MLts FiThd TPM5 Fmnd 2Q T411 34.M? Mir& WelknD#Siliry SwkDTV Fur Fwnd TEM5 ID21 To Podcd fuel 30D 4DJ 703

The ROYAI TrIAvRI Association Notes to the Aceounts foT the yeir ¢Dded 3J$t De£tmber 2022 2022 202J Twol Unf¢&lr1¢irdGeJ￿r￿IfWo.. Cost Df8o¢ds 16.876 2,923 I,oJJ InYesiiTrEni rnthogcmtTrifeeJ 7. ExTrcndlture om.. 2022 2021 Gra [￿j¥Jing0f Ddertikth SupportcoSL4 Totsl AdThinI511ell￿ s￿l￿rip5a￿d swff pensiOtI 5¢heme eOhiribuiiort5 Nutionol inSurnnce roniributions ProfeJJion&l sccounitsncyand ¢DnsuttuD¢y feE5 213,024 16,OJ3 J2,40 10.gJ4 4.007 J.827 9.642 2.249 14.722 2.170 5,957 16.320 7,069 3,803 3.802 PD￿ll8t lelep￿ne 2.334 2J34 Ornettquipmeni main￿￿￿e orri£È B￿￿pmEnt leasinE MDrkelinB, publiciiyand w&b5jl¢ Qrnphics NpiioThal branch recruiimenl &rdeNian Nden￿n￿O ond prizps CONA expEndiiur¢ Ind¢pcndcnt examinalion M¢m￿[￿lp¢ardS irdininB&nd rc¢rUilincnt Lc8bl and profcssionol fet3 22,524 3.953 22,S24 3,953 17.J24 JJ4 1,012 J.407 3.078 J.816 3.078 1,000 3.000 J.P2J 1,270 4.282 4,2E2 34 J,ioi 30 53 897 Bahk charg¢531vJ ini¢rosi Currpncy Con￿[sI0n{g0inYIvss i Jio 639 639 1,252 940 Mi8cellAncous Ex￿￿5s M¢moDal bench Ptovlsion ofunre¢overabiliiy ofVAT 1252 940 JO.197 10.000 ?,Jpo sIAndord bowers, compBiiiion Solljlll ¢or¢iRoDiDI evEDts IMC rXXViiVC Counril 3,BJ3 2,796 1,463 20,871 3,853 2.796 J.638 1.6J8 20.863 UtkerAch8lllPiQll5hip Fundtd Itoin re51ricled furOs'. Grthts Irorn cenirnl ¢hiriii¢s fund from IQQ &ooddeed$ f￿rtd Gronts frDmbrlln¢b Andclub supportfund NBlIon￿ memorial rost5 caJES Ior wojc¢l 5emaphorc AdrninislrallV¢ foi projcBt SEm&plior miThisir•livC co5￿ forlwlpiDB kJnd¥ Adminisiraiive eosLS forcomms fuTh Miribus proje¢1 Expendilure Pod¢Bsi fund cxpcndiiuie AdmirtlstrÈiive CO5￿ forwellbeillB ￿lery S￿rk0 iv fund exptndilure DoDiiions pid re Marsknd Adminisirwivttcoms forTEMS fund I1.(￿0) 166 6,000 J4 5,In 987 4.575 987 4,575 8.220 12.203 299 30.128 5.566 7) Je,040 J3S 17.440 7.OB7 7.087 44.161 140 44,L61 140 407 408 72.DlO 483 757 JIZ,089

Th¢ Royal Naval A550ciation Notes to the A¢counts for the year ended 31st December 2022 8. Allocation ofgovtrnanct and $upporl costs 2022 2021 Total allocated Govcrnan¢¢ rela*d Other Sllpport rosts Gtyrtmanctt relal2d Other SuppDrt Costs rundedfiom iinpe$ti'icledfiiMds.' AdminsslTaiive salari¢s and staff pension s¢heTne ¢oniribtsiion5 N8tiOTwI insuranc¢ wniTibiilions Prtsfe5siOn￿ awountancy Hnd consuliurKy fces Travclling and Itaison 1181¢$ and Utilities Insurance Prinring, Slationcry and conpuicr suppli Repairs and mainl¢nan¢e orfice ¢quiptnenl l¢Dsin8 Jndep¢nd¢ntex4tnination B￿k tharges and interest Currewy ¢OllVCT5ion 10851lprofitl DepT￿latIon of fjxtures and fillings Annual conferen¢c 20.118 1,419 16,320 7.069 3.172 3.802 12.841 872 20.118 1,419 16,320 7.069 21,362 1,663 12.400 3,902 3,172 3.802 12.841 872 rf,067 3.827 2,249 5,957 894 1,000 1.000 i.(K)o 1,7n4 315 534 (51 639 639 2.319 2.319 2.686 72.010 48,245 43.013 J9,268 12

The Roy81 IYAVBI A550ciation Noto$ to tht Aetounts for the yeAr ended 31¥t DccerDbor 2022 GrAn(s AwArded 2022 202J SiafrTdordsfiirtd.. Grants to Dranches CEnfral Charilles Ftlnd.. W¢lfare grgn15 lo lrtdividu￿S Grants to Organi5&tions for IndividuaJ$'. 6.000 IOQO Good DÈgds fiimd.. Grants lo individuals 166 34 Br<￿¢1 and Club Siippori Fiind.. Grants 10 Branc1￿$ and Club5 5,173 7,911 TotuI Gr801s Awarded 13,945 10. Net Intoming Rtsourcos After chArglng.' 2022 2021 Nei ift¢oiitlNgr2sottrceyure sialedaflep ¢horglng In the GenÉr&l FU￿d.. Brooms Frol¢ssional Services Ltd: independentexaminaiion accounlAn¢y, laxaiion and con￿lIancY Depreciai2on orrixlur¢s and fittings Opcraiing lew rert1218 of equipmelit 1,000 16,320 639 .134 J,000 J2,400 534 894 11. Fixed Assets Fixtut¢5 & FittjJlES Tol81 CostNAlllatkon AL IsLJ8nuary 2022 13.485 13,4B5 Additions 2,008 2.008 Disposals Ai 3151 D¢cember 2022 15,493 15.493 Deprecl3tion At l$1 Isnuary 2022 12.137 Cliwr8e forycar 639 639 Disposals Al 31s1 D¢¢embei 2022 12,776 Nei Book VAlue At 31st December ZO22 2.71? 2,717 Ai31$tD8cÈmb¢r 202J 1,348 1.348 13

Th¢ ROYAI Nav41 Asso¢l4tlon Note5 to the Aeeounts for the ye*r ended 31st December 2022 12. Investments The investment portfolio ha5 been v8luEd at market value 45 at 31st D¢c¢mbgr 2022. The inv¢5tmenis cat¢8orised as follows: 2022 2021 Market Value C05t Morkn Yalue Cosl List¢d investments 1.416,454 1,481,165 1,836,937 1.682,607 1.416454 1.481,165 J,836,937 1,682,6f17 13. Debtoys 2022 2021 Due from branches tL)an5 to clubs and branches Sundry debtOT$ and prepdym¢nts 12,257 28,242 55.107 lJ,358 19,92 9.484 95,606 40, 762 14. Credltors 2022 2021 Trade ¢reditors Due to branches Provision for capitation fees Funds from decommi55ion¢d branches Sundry credito￿, accruals and deferred income 26,089 2.698 .951 65.943 29,321 9,818 1,941 Tll, 740 22,292 126,002 107,892 14

Tho ROYAI NAvfilA550<14tlfyn Noirs to th¢ AecDUDtg for ib¢ yurended 31st D¢etrnbcr202Z l& Siff ¢Dsts 2022 2021 s￿Arles Pcn5ion fDsts Employers, nutIcn￿ in5uron¢e 273.328 26J.930 17.856 301.940 Average iiurnbu ofslsff durin8thc ycar.. Employee'5 E[t￿luMentS bElow £60.000 Employes emolunicnis abovc £60,000 Employe¥5 emDIU￿CAis paid tiirouBh fund ￿0J1 EmployEd3 emolum¢nis paid ￿)rough shipmotes CWiPBiEn grnnt8 Iinployee's ernolum￿1ts paid dirough 5QGial media grani No trus1¢¢ or puEoii relaicd or cottiieewd by busti￿& lo i￿￿Trh￿ rcccived any rcsnun¢raiion froiL th¢ AssocI￿10n nor hovc they Bnicrcd inLO any LrÉns&¢tion. ¢orttsact or othct orr8n8¢m¢ntwilh thc A5$Dcialiun durins Ilie y¢ar. Dyring Ihe yvar, exp¥nses were reimbuisBd lo IliE L4oard ofTnsice m¢mb¢rs wh¢¢h priDcipDlly rcpre5cnt ieimbursed trnvdlin8, Ac¢ommodaiion and sub515¢ucEexpEn5es in attending mEeiin8s O￿lE18j arrangem¢Mt5. wliich ￿ included in tlie"Iravellin8 and I1￿5￿n n41ional council and oth¢r coll￿11t¢e m2ElinE5 C051 of£7.069. IG. Fund5 Th¢ General Fund Life Subscription fuLid$ art unr¢siri¢i¢d fvnos used fOrg￿leT31 purposu. b. Tlie Siandards fund is 10 b¢ used for lh¢ replliT oi rcplDccincnl ofdwna8Ed, Iosi 01 ¥iolen bran¢h51andard5. The Properly futtd is dp5iBnDted for ￿le purp05eof i¢quiring pioperty for use by Ihe Central Office. d. The Cen1r￿ Chtriue8 Fund is USBd ftrrspecific ¢h￿lIable projccL% which must providE ￿lstance 10 $ervin8 end ex-iiaval pEisoJyn¢l and their dependanL8. The 1000 GDod D¢ed5 Fund 1$ 10 ert¢our￿e mort gble $hipwEl45 10 Igke Icss obl¢ shipmates oui 10 eV￿ts. f. The Brandi w)d Club Supporl Fund provides assi5tsnce lo br¥nthes iheirelubs. Tljc Ntsytl Service Mciiiorid Fund (forn￿[y known L% Clian¢r Chnll¢nBC 2014 f•undl is u5cd for ￿lUTc iiinlcnan¢¢ id in5ur8ncB ofuic mcmDrial ¢TccIBd atTli¢NoiionEJ Memoriul ArbDroturn. h. The Proje¢1 Seinoplioie Fund is to provide inform￿10￿ l¢chnolo8y 10 the digit￿lY isolated VELerAns. Tlie Helping Handg Fund is to provide 8s5iSl8nce iothe fmoncin8ofiPad Volunte￿ ¢xp¢n5¢5. j. Tlic Comms f4llDd is generou51y provided by Greenwi¢h Il￿ph￿l as a grBtti 10 allDW tlic irnproved Eosllr￿ withlnthe RNA ￿￿0v8h employRieni of a comms profcssionaj in Iheceniial oFfJcc ieam. Thc IrishTry￿SPOri Fund i% lo provide financi￿ IL%5Sllln¢e f¢r provision of L￿spOrt in Ihe whok ofirtland. I, ThB Minibu$ Fund be Used to supply and maintain thre¢MtnibuS￿ to mitlBDtC iOCi81 i501dtion in v¢ter6ns, The Podc&%i Fund is 10 piomots end contribuie 10 the well bellig of shlpJnaie5 find loneliaes$. rhe Wellbein8 Salary Fund i$ 10 provide funds for a5d8ry for the FwfE5sionaiisaiion of welfpse suppori lo ibemembership. Sparko TV FLnd is 8enerously prDyidBd by ftb511MC for RNA rne]nbBrs expenses &ssociaied willi th¢ supply of the Spatko Piojerl. p. HMS MBts fund is an appeal fund 10 rai$e money 10 liejp refurbish Ihe HMS Mars Me￿rI￿J. q. TEMS fwid ITr8n5iiion EmploynKni Mentorin8 S¢honel Is A M￿lo[ln@scheme for per50nn¢l IE4YinB thelioyaiNovy. IY. L¢gary 10 bt r¢ttlv¢d 2023 Since thE baionce51wctdaie bui before the ¥ppsovd of these a¢¢ounts. il has be￿7 noiifKd lo die RoyBi Navd Asso¢iaiion. that thEy io rettiY¢ A le￿Y in 2023 of abo￿1 £250.000. wliith it is undento¢d will not bc resbiEted funds. l5

Th¢ Royal NAval A550CiHtion Intome find Expendlture Account for the yegr end¢d 318t D¢e¢mber 2022 2022 2n21 Income Members Donaiions Receiv¢d RNRMC Fundirlg Legacies and Other Don8tion$ R¢¢¢ivcd Corpor8te Donations Lif¢ Member Subscriptions Replacement Membershtp C&Tds Tncome Tax Reclaimed on Gift Aid 61.708 93.134 16.794 2,000 3,023 58,174 83,355 86,614 4.500 J.206 5.265 4,427 181,924 240,328 Les5: Area Capitition F¢c5 (1,5991 (1.941) 180,325 238,387 Good5 D¢p￿￿ent- Incom¢ Costs 17,002 16,876 9,Q22 ,022 126 DiaTits Incom¢ Cwts 2.645 2,925 3, 182 ,033 (2801 I,J49 Certificat¢ of Appre¢illtion Admin Charge 300 Royalties and Commission R¢c¢ived 177 403 Investment Income 29,255 34.597 GL7nt for CONA 3,816 3,407 Total Income (exrrlEd forward) 213.419 278.245 Note.. Thts page do¢s not form part of the fom7al a¢Gounts 16

Tht ROYHI NAv&I A¥sotl41io* $nd Exptndlture AcrouNI for ilic yoar 3151 Dceemb¢r 2022 leokilnuodl 022 Brouwtt forward 213.419 278,243 DEdiirl.' Expeiidituye Administr21ivc Salarics End StAffP￿S1OIJ Scjicme ConiribuiioD5 Nauon81 Insurwjce Coiiiribuiions Prof¢55ionlll AccDWittncy And Collsultsncy F¢es 213,624 10,oJJ 14,190 16.320 12.400 231 692 242 If57 Tiairllin8 ond Li)ison'.- Nalioiiul CuuilC&l Hnd 01￿Co[￿li1￿C m2ciinES Ccnirol Office Si&ff and Offici￿$ Caiirul Offi¢c Open Days 7.069 3,902 6,76P 263 10.934 431 R2ies Ind Uiiliii¥ Insurance Po.%iage end Telep1w￿ Priiitiii& Slaiiomcry and Compuler Suypli¢s Yearbooks Circtsldn 8rtdN¢w51¢iietS Offi¢¢ Equipm¢nt MllinlcnBnce Offiee E4llipmL'nl LpLt5illB M8rkeiin8. Publiclty aDd Website Gy4kthi¢s Qixzits Nalioiial BrDncli Recruiimert & ReiEniion Mcntonng Dnd Prizcs CONA EKpEndilv Independeni Ex&ttsnoiloii Membcrslisp Cord5 Saf¥BuaribiwTrsininBID8S Certificaies SiuffTrDillinB Recrlliiment Lesal and Professional Fee5 Subsciipiion5 to Other OrsanislllOn5 ClitsrBes and liiierc31 Curreiicy Coiiversion IG3inllLoss Inve511ncMt Man￿¢￿¢￿1 Fees Deptt¢ittiion of FixitsrEs Fillui85 Miscellaneou5 Expewe$ Memorial f4ench Proyision forunrerovcrAbilily of VAT Donation 10 SubJDariners AppB 3.172 3.802 4,007 3.827 ,643 2.249 24,722 2.170 5.957 691 17,324 12.841 2,334 8?2 17.470 3,953 5,054 554 1,012 3,407 1.000 J,000 J,078 J.816 1,000 285 98$ 4.282 1.747 5.921 {2,118J 348 1,704 36 13,846 639 1.232 940 534 897 10,497 10,000 Ccnoi8ph ParAde SitsndDrd BearEr$' Compctilioo Social ll1￿ Cerciiionial Events Youth S&ilin8 Camp W¢ifgre Seniiiiar IMC Execuiivr Coun¢il Annual ConfetEn¢¢ Uckers Chsmipionship 7.390 3.853 2.796 3.038 1.463 23.193 J,038 26.863 148.592 Totil ExpoJidltllr¢ 379,811 402,J83 (Dencilysurplus for Ilio Yur 166 392 12J,940 Note., This pa£¢ th¢5 not forthpDrt ofthc f¢mJal a¢¢LXU)ts. 17