Charity Registration No. 310952 {England and Wales)
Charity Registration No. SC038722 (Scotland)
FORCES
CHILDREN
OTLAN
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
LEGAL AND ADMINISTRATIVE INFORMATION
Patron
Her Majesty the Queen
Honorary Vice Presidents
Brigadier B Wrench
Rear Admiral J Weale CB, OBE
Air Vice Marshal R Paterson CB. OBE, ADC, DL
Vice Presidents
Lt Col A Middlemiss DL
Lt Col H. Cowan
Lt Gen Sir Alistair Irwin KCB CBE
Mr I C Stewart Hunter
Mr D Keith Robertson
Chairman
Mr M Noble
Deputy Chaimian
Mr C Cook
Committee Of Direclors And Sok Tntstees
Mr M Noble
Mr G Gray
Mr N McLennan
Ms S Wilson
Mr C Cook
Ms I Campbell Lupton
Ms C Grant
Mrs C Sutherland-Hawes
Mrs L Hadley-stove
Mr C Middleton
Mr M Young
Ms K Lindsay
Chief Executive
Mrs Laura Falconer
Charity number {England and Wales)
310952
Charity number {Scotland)
SC038722
Principal address
The Melting Pot
15 Calton Road
Edinburgh
Scotland
EH8 8DL
Auditor
Myers Clark
Egale I
80 St Albans Road
Watford
Hertfordshire
WD17 IDL
Banker5
Royal Bank of Scotland
1421144 Princes Street
Edinburgh
EH2 4EQ

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
LEGAL AND ADMINISTRATIVE INFORMATION
Investmént advisors
Adam & Company
25 St Andrews Square
Edinburgh
EH2 1AF

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
CONTENTS
Page
Committee Of Directors And Sole Trustees, report
i-ii
Statement of committee of directors and sole tnJstees'
responsibilities
12
Independent auditorf5 report
Statement of financial activities
17-18
Balance sheet
19
Notes to the financial statements
20-36

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The committee of directors and sole trustees present their report and accounts for the year ended 31 March
2022.
The accounts have been prepared in aciordance with the accounting policies set out in note I to the accounts
and comply with the requirements of the trust'5 goveming documen( the Charitie5 and Trustee Investment
(Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 21K16 las amended), the Charities Act 2011 and
"Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland
IFRS 1021. las amended for accounting periods commencing from l January 20191.
Ob-ectives and Activities
The Royal Caledonian Education Trust IRCET) is a charity established by a Charter of Incorporation created by an
Act of Parliament, which received the Royal Assent from King George lll on 14th June 1815.
Our aim today is to support and encourage the education. training and wellbeing of al the offspring of Scottish
member5 of Her Majesty's forces and bl the Scottish offspring of member5 of Her Majesty'5 Forces. For these
purposes, a person shall be considered Scottish if our Trustees, in their absolute discretion, determine that they
have a sufficient connection to Scotland, or who demonstrate to the Trustees. satisfaction links with Scotland,
including those who m3y be considered Scottish regardle55 of their place of residence.
The Board of Trustees had, on 3rd March 2021, agreed to commission a re-branding exercise, involving the
appointment of a creative agency to co-produce a new brand identity. The proce$5 involved extensive
consultation with Trust staff, Armed Forces children and young people. and stakeholders.
On 23rd June 2021, the Board of Trustee5 adopted re-branding proposals covering vision, mission, strategic aims,
visual identity and a change of our Operational Name to 'Forces Children Scotland,.
Our vision is to make Scotland a place where all Am)ed Force5 children and young people can thrive.
Our mission is to be the sector leading children and young people's Armed Forces charity in kotland, by
providing empowering opportunities and amplifying their voices to inspire change.
Our values..
We are passionate. as Ihildren from Armed Forces families are too often overlooked.
We are trusted, not only because we have over two centuries of experience but because we continue to
evolve our approach, based on children and young people's unique experiences and evidence-based
research.
We are collaborative. whether that be with partners. staff or our children and young people, because
only by working together will we deliver meaningfvl change.
We are honest, promising to Armed Force5 children, young people and their families that we will always
act with integrity when supporting them.
Our Strategic aims..
To support and empower children and young people from Armed Forces families to reach their potential
and thrive.
We achieve this by working collaboiatively across 5ector5 to drive improvements which reflect and
support the unique challenges they face.
We amplify their voices, ensuring they are heard and influenie the development of policy and practice.
We realise our objectives as follows-.
We deliver services ihat suppx)rt children and young people including, for example. supporting mental
health and wellbeing.
We give financial support.
We provide advice and support to those agencies responsible for the education and wellbeing of Armed
Forces Children and young people through a piogiamme of training, re50urce5, research and acce55 to
our advisory service.
We create opportunities for children and young people to get invofved, participate and be heard.
We bLJild partnerships to help influence big change_

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Public Benefit
The Board of Trustees have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when planning, implementing and reviewing all cu￿nt and future 3divities. They follow the
updated governing principles adopted on 5th December 2018. This defines our charitable purpose and how it
benefits Armed Forces children and young people.
Achievements and Perfom)ance
Our report details significant developments over the yea[ 2021122. The re-branding exercise include a change of
name and logo. The operational name, FORCES CHILDREN SCOTLAND. sets out what we do and where we are
located.. supporting children from military families from a base in Scotland. We are also working on changes on
how we present the charity and its services. This involves the installation of a new webslte which will be
completed in the next year.
Chil
Summary
The impact of the pandemic has beerh considerable. In particular, it proved difficult to gain access to schoo15 a5
restriciions were in place. Many children have needed to focus on catching up on work missed during periods of
school closures. Despite these challenges, we have succeeded in delivering over 90 sessions. These have included
participation in our 2021 virtual conference and breaking new ground with our Forces Board Game.
Supporting the development of FCS. new strategic plan
We delivered eight engagement sessions (online and in person) across Scotland to ensure young people had the
opportunity to inform our new strategic plan. The sessions had a tri-service reach and 153 young people from
serving and veteran families attended. Two young people were supported to participate in the final online
development session with staff and trustees to firhalise the plan.
Exploring the support and service needs of Arnied Forces children and young people
Following on frorn our strategic planning Sessions we delivered an Engagement session for young people living
in the Inverness area. The session further explored their experiences and needs and gave wellbeing staff an
opportunity to connect with young people in the area.
10 young people from serving and veteran families attended. We also had the opportunity to engage with two
parents who gave their insight into their knowledge about the support needs of Armed Forces children and
young people.
Empowering young people to share their lived experience
Working with Media Education. forum members were 5UPPQrted to identify a key message they wanted to share
about their experience of belonging to an Armed Forces family. The group highlighted their experiences of
transition, education and identity. We worked with each young person to develop their elevator pitch which
they delivered at a very suice55ful engagement session with MSPS.
We delivered three expressive arts sessions, two in person and one online. Working with an art facilitator we
5UPPOrted young people to reflect on their experiences using weather symbols and colours.
Supporting better understanding of Armed Forces young (arers
A training session was delivered for young iarers support worker5 to raise awareness of the unique challenges of
caring in b fortes family. The training featured film footage of young people talking about their experiences of
deployment and postings and received excellent feedback from attendees.
Key young carers projects are now asking at refertal stage if the young petson is from an Armed Forces family,
and this is highlighting potential additional needs.

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
FCS conference film
Working with a small team of young people we used a variety of creative workshops to SUPPOrt young people to
share their experiences with delegates at our conference. We worked with Media Education to create an
engaging, hard-hitting film which allowed conference participants to connect young people's experiences to
trauma informed practice.
Three members of the project team were also involved in welcoming the delegates and taking part in breakout
rooms and the panel_ The film was very well received by delegates who highlighted it as a key feature of
their learning.
For￿ Life board game projert
With funding from the Armed Forces Covenant TrusL we were able to begin work developing the young people's
board game prototype. The project team met in June and used interactive online tools to share their ideas and
méde decisions to fvrther develop the game design. They also planned the activities for the residential which
took place in July and was hosted by Napiei University-
Residential workshop se55ion5 included w5ioning our projert, creating per50nas, developing player character5
and semiotic training. The group also had a tour around the campus with a student ambassador who answered
their questions about campus life.
The residential also included a visit from MSP Alexander Stewart and filming wtth British Forces Broadcasting
SeNice IBFBSI and Media Education. Follow up sessions have been delivered online and the wider forum group
voted on their preferred game design.
The group have engaged online with Dekko Comics to develop the companion comic book which is now in the
initial design phase.
Supporting Armed Forces young people
We sUPPOrted two young people a5 they expre55ed their views on the Scottish Education review and this was fed
into our response to the consultation response.
The Participation Manager has continued to attend the C&YP Cross Party meetings to ensure that Armed Force5
young people's experience has been ￿ffleCted in the group's review of the impact of the pandemic of children
and young people's wellbeing and learning in Scotland.
We have been accepted as an associate member of the Interim Children and Young People's Consortium project.
This will ensure Armed Forces children and young people's views are heard in the implementation of the UNCRC
Local school forums
Our participation work has continued to be imparted by the pandemic. Although schools were mainly open for
pupils, our access has been variable throughout the year. Face to face sessions were delivered when possible.
Online engagement into classes was not always possible or effective which has impacted on our ability to
develop local forum groups.
Additionally, forum members were placed under increased pressure to catch up with their learning and, with
school assessments and portfolios determining grades. they were not always able to engage with us.
We have therefore concentrated on delivering our projert work rather than development work and have
continuously adapted to young people's needs and availability to engage.
Project capacity
The Highland and Moray p05t was vacant from June 2021 to January 2022. and this inevitably had an impact on
our capacity over this period. We filled the vacant post in January and now have an additional part time project
worker to cover some of the work in central Scotland moving forward.
Participatlon resldential planning
20 young people from across Scotland will take part in the Participation residential in the Easter Holidays. The
residential will be delivered in partnership with Army and Navy Welfare services. We have undertaken planning
for this event which will be a blend of skills workshops and outdoor activities.

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Identifying and supporting Arn￿1 Forces young carer5
In Fife we have been working closely with a group of Armed Forces young carers to explore an effective way to
identify hidden Armed Forces young carers. The group felt that an awareness campaign with posters positioned
in each of the primary and secondary schools across Fife would be a positive first step.
The group have worked with a design agency and created two posters lone each for primary and secondary)
which will be displayed on the young carers. notice board each school has across the local authority. The
template will be able to be used in other local authority area%. The group will now be working towards the next
phase to create a learning resource for teachers to further support identification.
Queen Wirtoria S<hool forum
We have been working with a group ol 10 young people in the school to support the development of improved
understanding of their experiences of belonging to a forces family and living in a boarding school. Young people
have highlighted that although all the pupils are from forces families there is still sometimes a lack of empathy
and understanding. They are in the process of developing a training resource for teachers. The group have also
been supporting the development of a new wellbeing project for the school.
Additionally, a media group has been created within the school. Our Marketing, Communications & Development
Manager is supporting the development of the gTOUP and an initial skills session has beer) delivered on brand
Storytelling. Further se55ion5 will be delivered after the exam diet
Fundraisin
Summary
We have raised a total of £140.525 in the year 202V22 from a variety of sources, detsiled below. This is
significantly in excess of the target sum set at the beginning of the year_ Of this total 75% are restricted and 25%
unrestricted funds.
Securing restrirted and unrestrirted income
We secured £105,260.W Irestrictedl and £35.565.00 lunrestrictedl from trusts and foundations.

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Managing underspends
We negotiated a carry forward of underspends amounting to £35.003.
We continue to experience challenges to spending the aforementioned because of the COVID-19 pandemic.
However. we have ensured a regular flow of communication continue5 With funders.
Enhancing our fundraising proposition under our new brand
Our fundiaising webpages have been refreshed with regards to adopting our new bTand identity and narrative. In
addition, a comprehensive update has been initiated to ensure all copy has been revitalised and fully optimised
using Google Keyword Planner. We used Google Analytics to conduct a comprehensive review which outlined
Several areas for improvement with regards to signp05ting_
It is pleasing to observe things are moving in the right direction. We have seen a 116% increase in visits to our
fundraising pages and a halving of the number of single page exits when comparing the April - December 2021
period to the April - December 2022 peiiod. In addition. a new conversion metric will be established to measure
fundraising sign-up conversions during the last quarter of the financial year reporting period.
Donor relationships
We have maintained our small base of regular giving 1£6.822.04 - 97.46%) and major gift supporters (£4000.00 -
66.67%), whom we have reached out to via Mailihimp on two occasions this year to have their say in our
transformational work.
In addition, we have received a range of donations from groups and associations 1£30,000.IXJ IOO%I and
surpassed our corporate fundraising taiget. Furthermore, we raised £3.368.97 {77.08%1 through individLJals and
groups participating in challenges and community fundraising activities.
Trusts and foundations
We have submitted a series of funding applications in support of our Proposed Lighthouse Project partnership
with Queen Virtoria School1£38.142.691.
Scottish Military Ball
We have worked extensively with the Scottish Military Ball who will h05t an event in support of Forces Children
Scotland at the Royal Scots Club on Saturday 07 May 2022. We have launched a campaign within Edinburgh to
collate prize donations across leisure, retail, experiences sectors and have produced gift aid donation slips and
thank you cards for guest place settings.
Fundraising literature
We have completed our initial phase of uploading on our new website_ Furthermore, we will use updated iopy
and assets as the foundation to launch campaign to produce refreshed regular-giving (Forte for Good) and
legacy ILasting Force) literature and copy for our new website. In addition, we have developed two fundraising
leaflets for general and corporate audience5 in support of fvture campaigns and will be downloaded on social
media.
Marketin
mm
ni
Summary
Following consultation with stskeholders last year, the Board of Trustees resolve to employ consultants to work
with us on a re-branding exercise. This involved co-pioducing a new brand, identity and narrative. The Board of
Trustees accepted the recommendations. including the adoption of FORCES CHILDREN SCOTLAND as a new
operational name or the charity.

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Marketin
and Communication
continued
Re-branding
We worked in partnership with consultants 'Ele(trify ma￿etIng and Communications. to co-produce a new brand
identity and narrative with beneficiaries. Staff. trustees. and extemal partners. Accordingly, our new name was
adopted by the Board of Tiustees on 23rd June 2021. was launched officially on 30th September 2022.
Our website and its Social media channels were refreshed, in alignment wth our new brand guidelines. In
addition, a brand book was created to provide guidance to staff and external partners how to implement our new
brand. Furthermore, a portfolio of branded digital assets and templates have been created to ensure starf deliver
consistent communications.
Expanding our social and professional channels
We have expanded our social and professional Ihannel portfolio, which now includes an Instagram, YouTube and
Linkedln presence for Foices Children Scotlhnd. This has enhanced oui ability to reach OUT strat￿1( audience
profiles.
We completed a considerable amount of work to ensuie posting across socialjprofessional channels achieves a
high-level of consistency with regards to our brand guidelines and conventions. However, given sustained
constraint on movement because of COVID-19. we will strive to enhance our communications further, through a
wider use of audio/visual to ensure we meet our aim of developing a Comp￿hen$1vÈ VAK strategy.
Impart Report 2021
Our Irnpart Report highlighted what we have achieved in support of children and young people from serving,
reservist and veteran families during these unprecedented times. In addition, new sections were added which
covered our commitment to adopting co-produttion principles and an ecological model.
Press and media
We have increased our distribution of press release5 by 700% compared to the previou5 year and continue to
build upon our database of media contacts. We have established strong wod(ing partnerships with BFBS
Scotland, Forces TV as well as our 'Army and You. Magazine.
Public Èngagemènt
DLJe to the ongoing COVID-19 pandemic, we have not been able to deliver our planned public engagement
campaign. However, a5 restrictions lifted were able to take our Forces Children Scotland stand to a series of
smaller engagement events which included Veterans Chaplaincy Scotland Toadshow events in Edinburgh and
Glasgow, as well as a series of school community hub engagement activities during the Autumn of 2021.
Webslte development
We have recruited a digital agency, Parkhouse to work in partnership to develop our new Forces Children
Scotland website and Your Mind Matters digital platform. We have completed our respective project
understanding, initiation, immersion, user experience IUX) and Infomation ATchiterture IJAI phases which have
led to production of early wireframes and visuals.
Fortes Childrèn Scotland stratègy 2022125
We have completed the process of co-producing the charitys new three-year strategy with children and young,
staff and trustees. The strategy will be available in both printed and digital formats when li launche5 in August.
Co-pn)du<ing marketing and communiGitions with young people
The department has launched a marketing and communications group within Queen Victoria School in Dunblane.
Early sessions have provided short tutorials about brand storytelling to provide pupils with knowledge and skills
to co-produce marketing communications to peers via Forces Children Scotland's website and social media
channels.

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Education
Summary
Despite the continuing effects of COVID-19, we continued to deliver our education seNices throughout the year.
Where necessary, this involved virtual rather than faie-to-face learning.
Impact of COVID-19 on Èngagèmènt
Our education work has been affected by the pandemic. While restrictions have been in place, it has not been
possible to gain access to schools to deliver a face-to-face leaming service_ However. we have continued to
deliver an education service, utilising a virtual fomat where necessary.
Project work has focused on developing online learning and development opportunities rather than development
work znd has adapted to increase engagemerht with partner
Of greater impact is the fact that the Education Worker post has been vacant since August 2021. This has
inevitably had an impact on our capactty over thi5 period. The new Learning and Development worker started in
post in February 2022. Due to the internal challenges with content writing for the YMM digital platform the new
member of staff was temporarily assigned to that urgent task. She was subsequently successful at recruitment for
the Children and Family Services Manager vacancy and the Learning and Development post is now vacant again.
We have adapted well to the restrictions imposed in consequence of the COVID-19 pandemic. However, until the
Spring of 2022, this has required a considerable proportion of conlent being delivered through virtual formats.
Despite our 2021 ionference being delivered on a virtual platform, the feedback we have received from
attendees has been entirely positive
Key activitylprogress
PrOf￿AlW￿l VirtualConfer•Kè
We delivered a professional virtual conference on Wednesday 3rd November 2021, which put trauma, belonging
and adversity into the context of young people from serving personnel, reservist and veteran families and
explored potential impact on mental health, education and learning, and relationships with others. We welcomed
over 100 education professionals, as well as representatives from the militsry and a variety of additional civilian
5ertors which work with children and young people from serving. reservist and veteran familie5.
We developed a post-event conference focused on gathering insights based on the outcomes of our British
Foreign School Society-funded project.
84% of attendees agreed that the conference had inspiied them to think differently about working with young
people from serving, resetvist and veteran families.
84% of attendee5 agreed they better understand how unique challenges like trauma and adversity ian relate to
young people from serving, reseNist and veteran families.
PmfessionalLeamingArtivifres
We suctessfully filmed two Prolessional Learning Activities {PLA'sl. These webinar presentations will help
education professionals understand the lives of children and young people from Armed Forces families. We are
now working on the production of our own adapted PLA and landing page_
Chlldren and Famil Services
Summary
There has been a slight shift of ernphasis this year away from families in immediate crisis and towards those
struggling in difficult circumstances impacted by the high cost of living and requiring some regular financial
5UPPOrt.

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Children and Famil Services
continu
Support Ovérall
A total of 162 Families received financial support during 21122 representing 325 individual children and young
people.
The main difficulties these families face are family breakdown. challenges with physical and mental health and
debt. Unemployment 15 also very prevalent however this normally seems due to the other challenges the families
are facing rather than an inability to find a job.
Seven SSAFA branches again took up the opportunity to access our Christmas Crisis Intervention Grant of £500
this year, allowing them to offei families in crisis discretionary grants for food and necessities over the Christmas
period.
Educational support
We decided to replace our budget for school uniforms and replace it with an overall education support grant.
Young carèrs
We were able to reach more young carers this year and provide sports equipment laptops and driving lessons.
We received significant funding from the Scottish veterans fund for these purpose5.
Respite breaks
DLJring 2021 pandemic related restrirtions on travel, we were only able to manage one short break. This year
between 1st January and 31st Marth, we provided breaks to 21 families. There were 29 beneficiaries in all.
Apprenticeships
It has not been possible to run this PTogramme. The fund will be ￿neWed next year with a new title.. the 'Leaving
Home Grant..
Univèrsity and CollÈgÈ
We thought it likely that there would be a fall in demand for post 16 education support but demand for support
has been higher than ever. There was a slight increase in the average grant awarded due to a rise in the number5
of students living away and families on very low incomes. Woiking with Reading Force on making this provision
has wod(ed well
Well-being boxes
We continued to send these out to grants recipients through the year.
Your Mlnd Matters
Summary
The pandemic has imparted on delivery of the face to face work of this service. delaying the start
Developing the YMM service
YMM Digital began in October 2020 and YMM Face-to-Face IF-FI launched in January 2022 following recruitment
of a Wellbeing Worker to co-produce and deliver in-person wellbeing services. The appointment of the Children
and Family Serwce Manager took place in AugusL meaning that the project had a lead person across the Digital
and Face to Face elements.
COVID-19 has impacted YMM Digital. a5 It has many projects, primarily due to Zoom exhaustion. and, of course,
an incredibly turbulent time for Armed Forces young people. Despite the restrictions, the team implemented a
Discovery Phase of the project.
Stafflng the Servlcé
The face-to-lace wellbeing work began with the recruitment of a Wellbeing Worker and kn additional sessional
Wellbeing Workers to engage with young people in the West of Scotland.
The service was launched for referrals at the end of December. Hermitage Academy (Helensburghl has been
utili5ing the support, accepting the time of our Wellbeing Worker two and a half day5 per week to support young
people.

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Your Mind Matters
continued
Kèy activrtiès and progrèss
With both aspects of the service now operating. the YMM project has strengthened, learning from activities and
diversity of skills across the Wellbeing team.
YMM Digital has moved through an extensive Discovery phase into content production and preparing for website
build early 2022. Armed Forces young people have contributed a wealth of feedbaik from feature ideas to
personal stories, to rnarketing and aicessibility Strategies. Given the required delay to selerting the digital
partner, the YMM team trialled a calendar of wellbeing. content and podcast sessions.
YMM F-F restarted late 2021 and is embaiking on the co-produrtion joumey with Amed Forces young people,
however it will focus on group work.. I-ls and peer support models with sessions already undetway at Hermitage.
Several members of the YMM Digital group have been referred and are already receiving l-l wellbeing 5UPPOrt.
Poli
Summary
We have made considerable progress in exerting influence on policy and practice, over the year 2021122. Our
new Advisory Group brought together representatives of ADES. the Scottish Government, The MOD (Departrllent
of Children and Young People, the SCIP Alliance 2nd schools. Two priorities have been Children's Rights, relating
to incorporation of the UNCRC in Scotland and connecting with the Scottish Parliament.
Consultations
We submitted eight responses to consultationslevidence requests across the children's and military sectors at
both Scottish and UK levels covering a wide range of issues including UNCRC incorporation, education reform,
the proposed National Care SeNice, GIRFEC. and the Am)ed Forces Covenant
Military Covenant and children's rights
Notably, we were informed towards the end of 2021 that our iesponse to a consu￿atIOn by the MOD Armed
Forces Covenant team will see our participation work feature as a case study in the forthcoming Armed Forces
Covenant Guidance. Our response to a consultation around children's rights by Together also Saw our work
aroLJnd participation and data feature as case studies in their annual 'State of Children's Rights, report launched
in February.
Researth
In terms of briefings and statements. desk-based research has been carried out to inform our positions around
poverty and the recruitment of under 185 into the Armed Forces. Both issues require further engagement and
consultation work and will be taken forward irb the forthcoming yeai.
Scoping work ha5 also begun to inform a paper setting out our position and asks around the mental health and
wellbeing of Armed Foices children and young people. The paper will be drafted in the coming months and will
serve as a basis for our influencing work on this issue with key stakeholders and decision-makers.
Policy Development
More broadly, from the end of March. in-depth work has begun to develop clear, specific policy asks across our
priority areas of data, children's rights, education and leaming, and mentsl hea￿h and wellbeing. This will be
instrumental to taking forward our influencing work in the forthcoming year.

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Four K Points
Education revièw
Dr Ken Cunningham CBE Ilormer General Secretary of School Leaders Scotlandl was commissioned to review our
Education Programme in March 2020. The Cunningham Report was presented to the Board of Trustees in
September 2020 and again on 2nd December. 2020. Stage 2 of the review was undertaken by our then newly
appointed CEO Laura Falconer. She consulted our partner organisations.. The MOD, the Scottish Government and
ADES.
There are two broad elements to the Education Programme. First there is direct support, advice and training
offered to schoo15, colleges and local authorities. This includes support on transltion. The National Transition
Officer remains in post but is no longer part funded by or seconded to Forces Children Scotland. Second, there is
our focus on influencing public policy, lor example on national collection of data concerning Armed Forces
children in Scotland, Our new Strategic Plan highlights both elements.
Financial review
Our finance and investment policies aim to provide long term stability and liquidity suffiiient to finance the
Trust's programmes, balancing the needs of current and futu￿ beneficiaiies. As reported last year the Trustees
had a target of raising the level of unrestricted reserves to £300,000, representing approximately 6 month's
expenditure. A5 at 31 March 2022. the level of unrestricted funds was £5.651 which is less than the target. In
order to build the level of reserves, the Board's Treasurer and Officers Group will oversee the planned efforts to
raise the level of unrestricied reserves towards the target.
Structure. Governance and Management
The Board of Trustees meets four times a year. They are responsible for overall strategy, financial and risk
management. There are 12 Trustees and no vacancies. The officers are the Chairman and Deputy Chairrnan, and
Treasurer.
A phased restructuring of the governing body wa5 managed belween 2019 and 2021. An induction programme
for new Trustees was delivered in July 2021. A Board of Trustees development day was held on 14th October. The
focus was on the implementation of the new Strategic Plan. as adopted on 2nd March 2022.
Office Closurè
When the Scottish Government introduced lockdown restrictions in March 2020 the CEO and chairman agreed
that all staff merllbers might work from home. Following the success of these arrangements the decision has
been made to move all staff to permanent home working contracts and the offices in Hill Street will close in
September 2022.
Future Plans
Governance
We will undertake a perfomance ieview in Octobei. covering attendance and contribLJtion of individual Trustees,
development of an officer group, re-structuring of the role of Wice Presidents and effectiveness of the Board
overall.
Website launeh
Our new website will be launched in August 2022.
Conference 2023
The Practitioners. conference for 2021 was held virtually and facilitated by the Conference Care Company. There
were two keynote addresses on trauma and how it afferted military families. We will consider all of our options
before deciding on the merits or otherwise of hosting a conference in 2023.
Presldent and Vlce Presldents
Three ol our Vice Presidents based in Scotland have given notice of their pending retirement from the role. This
leaves the three Service Chiefs and two former Chairmen living in England. We intend to appoint a President and
enhance the iole of Vice Presidents, in line with recommendations proposed by ￿tiring Vice President Lt General
Sir Alistair Itwin.
10-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
The cornmittee of directors and sole trustees. report was approved by the Board of Committee Of Directors And
Sole Trustees.
Mr M Noble
Chairman
Dated- 7 September 2022

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
STATEMENT OF COMMrrrEE OF DIRECTORS AND SOLE TRUSTEES. RESPONSIBIUTIES
FOR THE YEAR ENDED 31 MARCH 2022
The committee of directors and sole trustees are responsible for preparing the Committee Of Directors And Sole
Trustees, Report and the accounts in accordance with applicable law and United Kingdom Accounting Stsndards
(United Kingdom Generally Accepted Accounting Prarticel.
The law applicable to charities in Scotland and in England and Wale5 requires the committee of director5 and sole
trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the trust
and of the incoming resources and application of reSoUr￿S of the trust for that year.
In preparing these accounts, the committee of dirertors and sole trustees are required to".
select suitable accounting policies and then apply them consistently,
observe the methods and principles in the Charities SORP-,
make judgements and estimates that are reasonable and prudenL
state whether applicable accounting stsndards have been followed. subjert to any material departures disclosed
and explained in the accounts," and
prepare the accounts on the going concem basis unless it is inappropriate to presume that the charity will
continue in operation.
The committee of directors and sole trustees is responsible for keeping sufficient accounting records that disclose
with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the accoLJnts
comply with the Charities and Trustee Investment Iscotlandl Act 2005, the Charities Accounts Iscotlandl Regulations
2006 las amended), the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions
of the trust deed. They are also responsible for $3feguaiding the assets of the trust and hence foi taking ieasonable
steps for the prevention and detection of fraud and other irregularities.
12-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
INDEPENDENT AUDrroR'S REPORT
TO THE COMMrrrEE OF DIREcfoRS AND SOLE TRUSTEES OF THE ROYAL
CALEDONIAN EDUCATION TRUST
Opinion
We have audited the financial statements of The Royal Caledonian Education Trust Ithe 'trust'l for the year ended 31
March 2022 which comprise the statement of financial activities. the balance sheet and notes to the financial
statements, including significant accounting policies_ The fi'nancial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accountirhg Prarticel.
In our opinion, the financial statements..
give a true and fair view of the state of the Charity's affairs as at 31 March 2022 and of its incoming resources
and application of resources, for the year then ended,.
have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotlandl
Act 2005, regulation 8 of the Charities Accounts (Scotlandl Regulations 2(K16 las amended) and the Charities
Ait 2011.
Basis for opinion
We condurted our audit in accordance with International Stsndards on Auditing IUKI (ISAS IUKII and applicable law.
Our responsibilities under those standards are further des£ribed in the Auditors responsibilities for the audit of the
financial 5tatenFent5 section of our report We are independent of the trust in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UL including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with ihese requirements. We believe
that the audit evidence we have obtsined is sufficient and appropriate to provide a ba515 for our opinion.
Conclusions rèlating to going concèrn
In aLJditing the financial statements, we have concluded that the committee of directors and sole trLJStees' use of the
going concem basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identrfied any material uncertainties relating to events or
conditions that individually or collectively. may cast significant doubt on the trust's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the committee of directors and sole trustees with respect to going
concern are described in the relevant se(tions of this report
Other information
The other information comprises the information included in the annual report other than the financial statements
and our auditor's report thereon. The committee of directors and sole trustees are responsible for the other
information Contained within the annual report. Our opinion on the financial statements does not cover the other
information and we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and. in doing so. consider whether the other information is
materially incon515tent with the financial statements or our knowledge obtained in the course of the audiL or
otheThvise appears to be materially misstated. 11 we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
Statements themselves. If, based on the work we have perfoimed. we conclude that there is 3 material misstatement
of this other information, we are required to report that fact
We have nothing to report in this iÈgard.
13-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
INDEPENDENT AUDrroR'S REPORT (CONTINUED)
TO THE COMMrrrEE OF DIREcfoRS AND SOLE TRUSTEES OF THE ROYAL
CALEDONIAN EDUCATION TRUST
Matters on which we are required to report by exceplion
In the light of the knowledge and understanding of the trust and its environment obtained in the course of the
audit we have not identified material misstatements in the trustees. report.
We have nothing to report in respect ol the followrng matters in relation to which the Charities Accounts (Scotlandl
Regulations 2006 las amended) and the Charities Act 2011 require us to report to you if. in our opinion..
the information given in the financial statements is inconsistent in any material respect with the committee of
dirertors and sole trustees. report," or
sufficient accounting records have not been kept-, or
the financial st31ements are not in agreement with the accounting records., or
we have not received all the information and explanation5 we require for our audit
Resptsnsibilitiès of tommittee of directors and sole trustees
As explained more fully in the ststement of committee of directors and sole trustees, responsibilities, the committee
of directors and sole trustees are responsible for the preparation of the financial statements and for being satisfied
that they give a true and fair view, and for such intemal control as the committee of dirertors and sole trustee5
determine is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the committee of dirertors and sole tnjstees are responsible for assessing the
trust's ability to continue as a going concern, disclosing. as applicable, matters related to going concern and using
the going concern basis of accounting unless the committee of directors and sole trustees either intend to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44llllcl of the Charities and Trustee Investment (Scotlandl Act
2005 and report in accordance wth the Act and relevant regulations made or hawng effect thereunder.
Our objettives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error. and to issue an auditor s report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISA5 IUKI will 3lway5 detect a material misstatement when it exists_
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they
could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial
statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
14-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
INDEPENDENT AUDrroR'S REPORT (CONTINUED)
TO THE COMMrrrEE OF DIREcfoRS AND SOLE TRUSTEES OF THE ROYAL
CALEDONIAN EDUCATION TRUST
The extent to which the audit was considered capable of deterting irregularitie5 including fraud
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and
non-compliance with laws and regulations. we considered the following,.
The natLJre of the industry and sector, control environment and business performance including the design
of the remuneration policies. key drivers for trustee remuneration. bonus levels and performance targets,.
results of our enquiries of Management about their own identification and a55essment of the risks of
any matters we identified having obtained and review the charitable company s documentation of their
policies and procedures relating to,.
identifying, evaluating and complying with laws and regulation and whether they were aware
of any instances of non-compliance-,
deterting and responding to the risks of fraud and whether they have knowledge of any
actual, suspected or alleged fraud,"
the internal controls ￿tablished to mitigate risks of fraud or non-compliance with laws and
regulations.,
the matters discussed among the audit engagement team regarding how and where fraud might occur in
the financial ststements and any potential indicators of fraud.
We also obtained an understanding of the legal and regulatory frameworks that the charitable company operates in,
focusing on provisions of those laws and regulations that had a direct effect on the determination of material
amounts and disclosures in the financial statements. The key laws and regulations we considered in this context
included the Charities and Trustee Investment (Scotlandl Act 2005, regulation 8 of the Charitie5 Accounts (Scotlandl
Regulations 2006 las amended) and the Charities Art 2011.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on th8 financial
Statements but compliance with which may be fundamental to the companls ability to operate or to avoid a
material penalty. These included Employment law.
Audit response to risks identified
To address the risk of fraud through management bias and override of controls. we:
performed analytical procedures to identify any unusual or unexpected relationships,.
tested journal entries to identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bia5,- and
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to..
agreeing financial statement disclosures to undedwng supporting documentation.,
reading the minutes of meetings of those charged with governance-, and
enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations
are from financial transattion5, the less likely it is that we would be(ome aware of non-compliance. Auditing
standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry
of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.//
w￿W.frC.org.ukJaudlt0r5[eSPQnslb1lltle5. This description forms part of our auditor's report.
Other matters
15-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
INDEPENDENT AUDrroR'S REPORT (CONTINUED)
TO THE COMMrrrEE OF DIREcfoRS AND SOLE TRUSTEES OF THE ROYAL
CALEDONIAN EDUCATION TRUST
Your attention is drawn to the fart that the chartty has prepared financial 5taternent5 in accordance with
"Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS
1021" la5 amended) in preference to the Accounting and Reporting by Charities." Statement of Recommended
Practice issued on l April 2005 which is referred to in the extant regLJlations but has now been withdrawn.
Thi5 has been done in order for the financial statements to provide a true and fair view in accordance with current
Generally Accepted Accounting Practice.
Usè of our rèport
This report is made solely to the and to the charity's trustees, as a body. in accordance with regulation 10 of the
Charitie5 Accounts1Scotlandl Regulations 2(106_ Our audit work has been undertaken so that we might stste to the
charity's trustees and trustees those matters we are requiied to state to them in an auditors. report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
charity, the Charity's trustees as a body,and the charitsble company's trustees as a body. for our audit work, for this
reporL or for the opinions we have fomied.
Myers Clark
Chartered Accountants
Statutory Auditor
Egale I
80 St Albans Road
Watford
Hertfordshire
WD17 IDL
16-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
STATEMENT OF FINANaAL AcnvrriES
FOR THE YEAR ENDED 31 MARCH 2022
Unrestricted Restricted Endowment
fvnds
fvnds
funds
Total
2022
Total
2021
Notes
Income and endowments from:
Donations and legacies
Investments
Other income
56.160
116
235.917
232,645
288.805
126,506
73,940
351.496
109,361
51,496
126,390
1183,0001
21,023
Total in<ome
292,193
253,668
156,6101
489,251
512,353
Ex
nditure on:
Raising funds
122,692
122,692
153,285
Charitable activities
363.351
209,975
573.326
449.280
Total resources Èxpended
486.043
209,975
696,018
602,565
Net gain/llossl on investments
li
1681
341,621
341.553
736,506
Net loutgoing}/incoming
resources before transfer5
1193.9181
43,693
285,011
134,786
646,294
Transfers between funds
313.236
1313,2361
Net movement in fvnds
119,318
43,693
128,2251
134,786
646,294
Fund balances at l April 2021
1113.667)
147,337
4.415,665
4,449,335
3,803,041
Fund balances at 31 March 2022
5.651
191,030
4.387,440
4,584.121
4,449.335
The statement of financial activities irhcludes all gains and losses recognised in the year.
All income 3nd expenditure derive from iontinuing activities.
17-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
STATEMENT OF FINANaAL AcnvrriES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Prior Year Comparative Detail
Unrestricted Restricted Endowment
funds
funds
funds
Total
2020
wm
Donations and legacies
Investments
Other income
76.651
1.605
251,496
274,845
351,496
109.361
51,496
107,756
1200,0001
Total income
329.752
274,845
192,2441
512,353
nditure on:
Raising funds
153.285
153,285
Charitable activities
267.269
182,011
449,280
Total resources expended
420.554
182,011
602,565
Net gain/llossl on investments
17.6
718,906
736,506
Net movement in funds
[73.2021
92,834
626,662
646.294
Fund balances at l April 2020
140,4651
54,503
3,789,003
3,803,041
Fund balances at 31 March 2021
1113.667)
147,337
4.415,665
4,449,335
18-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
BALANCE SHEEr
ASA T31 MARCH2022
2022
2021
Notes
Fixed assets
Investments
13
4,614,126
4,414,791
Current a55ets
Debtors
Cash at bank and in hand
14
8,115
79.398
5,947
119,254
87,513
125,201
Creditors: amounts falling due within
one year
15
1117.5181
190,6571
Net current Iliabilitiesl/assets
{30,0051
34,544
Totsl a55ets less current liabilities
4,584,121
4,449,335
Capital funds
Endowment funds
Permanent endowment
Expendable endowment
4.387,440
4,124,922
290,743
16
4,387,440
4,415,665
Income funds
Restricted funds
Unrestricted funds
17
191.030
5,651
147,337
1113,6671
4,584,121
4,449,335
The accounts were approved by the Committee Of Directors And Sole Trustees on 7 September 2022
Mrm Noble
Chairman
19-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
1.1 Accounting convention
The accounts have been prepared in accordance with the trust's governing d(KumenL the Charities and
Trustee Investment Istotlzndl Art 2005, the Charities Account5 (Scotlandl Regulations 2(M)6 las amended), the
Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice..
Accounting and Reporting by Charities applicable to charities prep3ring their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effective l January 2019.
The accounts have departed from the Charities IA£counts and Reportsl Regulations 2008 only to the extent
required to prowde a true and fair view. This departure ha5 involved applying 'Statement of Recomrnended
Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effective I january 2019. rather
than the version of the Statement of Recornmended Piactice ieferTed to in the regulation but ha5 since been
withdrawn.
Thè trust constitutes a Public Benefit Entity-
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I
not to prepare a Ststement of Cash Flows.
The financial 5taternents are prepared in 5teding. which is the functional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial ststements have been prepared under the historical cost convention with items recognised at
cost or transaction value unless otherwise stated in the relevant notes to these accour)ts.
The Trust comprises a public benefit entity as defined by FRS 102.
1.2 Going concern
At the time of approving the financial statements. the committee of directors and sole trustee5 have a
reasonable expectation that the trust has adequate resources to continue in operational existence for the
foreseeable future. Thus the committee of directors and sole trustees continue to adopt the going concern
basis of accounting in preparing the financial statemen
1.3 Charitsble funds
Unrestricted funds are donations and other income received or generated for the objects of the charity
without further specified purpose and are available as general funds. Designated funds are unrestricted
fvnds earrnarked by the Dirertors for particular appliiations_
Restrictèd funds are to be usèd for specific purposes as laid down by the donor. ExpenditLJre which meÈts
these criteria is identified to the fund, together with a fair allocation of overheads and support costs.
Permanent endowment funds are funds which have been given to the charity to be held as capital with no
power to convert the fvnds to incorne.
Expendable endowmènt funds are funds given to the charity to be held a% capitsl. The Ttu£tèes may convèrt
the funds to income if no other income funds are available.
1.4 Incoming resources
Income is recogni5ed when the trust 15 legally entitled to it after any performance conditions have been met
the amounts can be measured reliably. and it is probable that income will be received.
Income from government and other grants is recognised when the charity has entitlement to the funds, any
performance conditions attached to the granls have been met. it is probable that income will be received
and the amount can be measured and 15 not deferred.
-20-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Ac¢ounting policies
(Continued)
Dividends are recognised once the dividend has been declared and notification has been received of the
dividend due. This is normally upon notification by investment managers of the receipt of the divid8nd.
Income received in advance of recognition criteria being met is deferred until the criteria for recognition are
met.
1.5 Resources expended
Liabilities are recognised as 500n a5 there is a legal or corhstrurtive obligation comrnitbng the charity to that
expenditure, it is probable that settlement will be required and the amount of the obligation can be
measured reliably.
Grants payable are payments made to third parties in the furtheranie of the charitable objectives of the trust.
Single or multi-year grants are accounted for when the recipient has a reasonable expectation that they will
receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a
reasonable expectation that they will receive a grant and any condition attaching to the grant is outside the
control of the tiust.
Allocation of costs
Expenditure is allocated to a particular activity where the costs relate directly to that activity. Direct
expenditure has been allocated on the ba515 indicated below_
Cost of generating funds.. These include all expenditure spent in generating the voluntary income.
Charitable activities= These include all expenditure directly related to the obJ￿ts of the charity.
Support costs comprise cost5 incurred in support of the ab(Trve activitie5. Included in sUPPOrt costs are costs
incurred in the governance of the charity which are primarily associated with the constitutional and statutory
requirements. Support costs are allocated to activities based on an estimate of staff time spend on each
activity during the financial period_
Irrécoverable value added tax
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Grants
Grants payable made to third parties in the furtherance of the charitable objects of the charity. In the case of
an unconditional grant offer this is accrued once the recipient has been notified of the grant. Granls awarded
that are subject to the recipient fulfilling perlormance conditions are only accrued when the recipient has
been notified of the grant and any remaining unfulfilled condition attaching to the grant is outside the control
of the charity.
Pension <ontributions
The charity makes payments to a defined contribution pension scheme for its employees. Contributions are
charged to the Statement of Financial Activities in the period they are payable.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any irnpairment losses. All items of capitsl expendtture over £500 are iapitali5ed.
Depreciation 15 recognised 50 as to write off the cost or valuation of a55ets le55 their residual values over their
useful lives on the following base&
Fixtures and fittings
Cornputers
over 5 years
over 4 years
21

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Ac¢ounting policies
(Continued)
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Listed investments are a form of basic financial interest and are initially recognised at their transaction value
and subsequently measured at their fair value at the balance sheet date using the mid- market value.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdfafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, of FRS 102 to all of its
financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes paty to the
contractual provisions of the instrument.
Sa￿C finAncialassets
Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction
price including transaction costs and arè subsequèntly tarried at amortised cost using thè Èffèctivè interest
method unless the arrangement constitutes a financing transaction. where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Basic financiall1a￿lItIes
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments diKounted at a market rate of inlerest. Financial liabilities classified a5 payable
within one year are not amortised.
DerwnitiLm olfinanaalliathliti
Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Teimination benefits Ire recognised immediately as an expense when the trust is demonstrably committed to
terminate the employment of an employee or to provide termination benefits.
1.11 Leases
Rentals payable under operating leases. including any lease incentives received, are charged as an expense on
a straight line bas15 over the term of the relevant lease.
-22-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Donations and legacies
Unrestricted Restricted
funds
funds
Total
2022
Total
2021
Donations and gifts
56.160
232,645
288,805
351,496
For the year ended 31 March 2021
76.651
274,845
351,496
Investments
Unrestricted Endowment
funds
funds
2022
2022
Totsl Unrestricted Endowment
funds
funds
2021
2021
Total
2022
2021
Income from listed
investments
Interest receivable
126.390
126.390
116
107,756
107,756
1,605
116
1,605
116
126,390
126.506
1,605
107,756
109,361
-23-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Raising funds
2022
2021
Costs of generating voluntary income
Direct costs
Support & govemance costs
69,049
28,129
114,090
15,821
Costs of generating voluntary income
97,178
129,911
Investment management fees
25,514
23,374
122,692
153,285
-25-

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Grants payable
2022
2021
Grants to individuals
80,019
58,175
80,019
58,175
Support & govèmancÈ costs
2022
2021
SUPPORT COSTS
Staff costs
Recruitment and staff development
Premises expenses
PR, marketing and Annual Review
Printing. stationery. postage and phone
Travelling
Other
Accountancy
Computer & office equipment cosls
105,366
6.171
24,483
13,835
2.189
1,413
4,437
4,626
5,523
44,026
5,258
16,553
2,098
1,704
373
912
1,928
4,117
GOVERNANCE COSTS
17.848
10,929
185,891
87,898
Analysed be￿een
Fundraising
Charitable activities
28.129
157,762
15,821
72,077
185,891
87,898
Governance costs include5 payments to the audrtors of £9.00012021- £8.8201 for audit fee5.
Comrnittee Of Dirertors And Sole Tn*ees
Irustee remuneration Jndexpenses
None of the committee of directors and sole trustees lor any persons connerted with them) received any
rernuneration or benefits from the trust during the year.
3 Trustees12021." 11 were reimbursed travel and venue hi￿ expenses totalling £40512021." £151.
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THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
10 Employees
Number of employees
The average monthly number of employees {head count based on number of staff employed) during the
year was..
2022
Number
2021
Number
Raising funds
Charitable activites
Support and Governance
Employment costs
2022
2021
Wages and salaries
Social security costs
Other pension costs
324,216
26,376
12,838
261,963
21,256
10,094
363,430
293,313
There was one employee12021 01 whose annual emoluments were £60.000 or more. One full time
employee was on secondment in both periods in furtherance of the education programme.
The number of employees whose annual remuneration was £60,(X)O or more
were..
2022
Number
2021
Number
£60,001 to £70,000
11 Nèt gainsl{losses) on investments
UnrÈstr1rt￿ Endowmént
funds
funds
general
Totsl
2022
Total
2021
Revaluation of investments
1681
341,621
341,553
736,506
For the year ended 31 March 2021
17.6LXI
718.906
736,506
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THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
12 Tangible fixed assets
Fimwres and Computsts
fittirys
Totsl
Cost
At l April 2021
869
2,976
3,845
At 31 March 2022
869
2,976
3,845
Depretlatlon and Impalrment
At l April 2021
Depreciation charged in the year
869
1,488
1,488
2,357
1,488
At 31 March 2022
869
2,976
3,845
Carrying amount
At 31 March 2022
At 31 March 2021
13 Fixed asset investments
2022
2021
Cost or valuation
At 31 Maich 2021
Withdrawn
Valuation changes
4.414,791
1142,2181
341.553
3,881,765
1203,4801
736,506
At 31 March 2022
4.614,126
4,414,791
Impairment
At 31 March 2021
At 31 March 2022
Carrying amount
At 31 March 2022
4,614,126
4,414,791
At 31 March 2021
4.414,791
3,881,765
2022
2021
Investments at fair value comprise..
Investment assets held in the UK
Investment assets held outside the UK
3,295,884
1.318,242
3,436,460
978,331
4,614,126
4,414,791
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THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
13 Fixed asset investments
(Continued)
2022
2021
Investment5 representing oveT 5% by value of portFolio comprise=
JPMorgan Asset Management UK Ltd (less than 5% in 20211
FP WHEB Asset Management Funds Accum.Ptg. Shares Class B
Aberdeen Asian Income Fund Shares
235,654
290.457
253,786
281,161
253,786
779,897
534,947
Flxed asset Investments revalued
Fixed asset investment are valued at market value at the year end.
The historical cost of the fixed asset investments is £3.179.60212021.. £3,193,352).
Fixed asset investments include cash held awaiting investment of £150.15012021.. £209,334).
14 Debtors
2022
2021
Amounts falling due wiihin one year.
Prepayments and accrued income
8,115
5,947
15 Creditors: arnourrts falling due within one year
2022
2021
Other taxation and social security
Accruals and deferred income
10,234
107,284
6,197
84,460
117,518
90,657
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THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANaAL STATEMENTS {CONTJNUED)
FOR THE YEAR ENDED 31 MARCH 2022
16 Endowment funds
Endowment funds represent assets which must be held permanently by the tmst. Income arising on the endowment
funds can be used in accordance with the objects of the trust and is included as unrestricted income. Any capital gains
or losses arising on the assets fom) part of the fund.
Movement in funds
Resources Revaluations Release from Balance at 31
expended
gains and
unapplied
Mar<h 2022
losses
total return
Balancè at I
April 2021
Incoming
resources
fund /
Transfers
Permanent endowrnents
Sale of the school
Expendable endowments
Legacy
4.124,922
126.390
319,128
1183,0001
4,387,440
290,743
22,493
1313,2361
4,415,665
126,390
341,621
1496,2361
4,387,440
Movement in funds prior pèriod
Incoming
Resources Revaluations Release from Balance at 31
re50urce5 expended
gains and
unapplied
March 2021
losses totsl retum
fund I
Transfer5
Balance at I
April 2020
Permanènt Èndowments
Sale of the school
Expendable endowments
Legacy
3,544,627
107.756
672,539
1200,0001
4,124,922
244,376
46,367
290,743
3,789.(K)3
107,756
718,906
1200.0001
4,415.665
31

THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
17 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of
donations and grants held on Irust for specific purposes..
Movement in fvnds current year
Balance at I
kncorning Resources Balance at 31
April 2021 resources expènded March 2022
ABF The Soldiers Charity
Cash For Kids
Scottish Children's Lottery
Persimmon Homes
Awards For All
Paul Hamlyn
Board Game
The Veterans Foundation Grant
Veterans Scotland
Ciene & Tait (Tillylossl
Ground Work
Brit + FGN
The National Lottery Community Fund - Young Start
Armed Forces Covenant Fund Tnjst Funding - YMM
Armed Forces Covenant
24,973
1,820
2,171
24,973
11,8201
2,171
11,0001
15.7361
123,5521
119,6631
17.5001
120,7581
11,0021
5.736
30,000
18,696
7.500
5,960
1,002
1,000
6,624
6,448
1967)
14,798
1,000
5,977
1S,(K)O
20,400
160,423
42,047
115,6471
120,4001
192,8971
41,855
109,381
42,047
147.337
253,668
1209,9751
191,030
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THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
17 Restrict￿ funds
(Continued)
Movement in funds prior period
Balance at l Jncoming Resource5 Balance ai 31
August 2020 resources
expended March 2021
ABF The Soldiers Charity
Cash For Kids
Scottish Children's Lottery
BFBS
Awards For All
Paul Hamlyn
First Port
Coffee Morning
Board Game
Foundation Scotland
The Veterans Foundation Grant
Bonnet-makers & Dyers of Glasgow
Veterans Scotland
Ciene & Tait (fillylossl
Ground Work
Brit + FGN
The National Lottery Community Fund - Young Start
Armed Forces Covenant Fund Trust Funding - YMM
29,247
14,2741
14001
15,3221
18,0001
11,0541
130,0001
134,4781
11081
24,973
1,820
2,171
2,220
7,493
8,000
6.790
30,000
5,736
30,000
30,(M)O
34,478
108
18,696
18,696
15,0001
17,5001
15,0001
18,7211
19981
15,IKIO
7,500
14,681
5,960
1,002
1,000
6,624
20,(X)O
25,400
74,235
113,3761
125,4001
132.3801
41,855
54,503
274,845
1182,0111
147,337
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THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
19 Analysis of net assets between funds
Unrestrirted
funds
Restricted Endowment
funds
funds
Total
Fund balances at 31 March 2022 are
represèntèd by".
Investments
Current assetsllliabilitiesl
226,686
1221.0351
4,387,440
4,614,126
130,0051
191.030
5,651
191,030
4,387,440
4,584,121
Unrestrirted
funds
Restrirted Endowment
funds
funds
Total
Fund balances at 31 March 2021 are
represented by..
Investments
Current assets/lliabilitiesl
18741
1112.7931
4,415,665
4,414,791
34,544
147,337
1113,667)
147,337
4.415,665
4,449,335
20 Permanent Endowment
End¢)wmenl
Unapplied
Total
Fund Total Rètum Endowmént
Fund
At l April 2021
Sale of school
Unapplied total retum
2.600,000
2,600,000
1,524,922
1.524,922
Total
2,600,(J)o
1,524,922
4,124,922
Movements to 31 March 2022
Investment return - dividends
Investment return - realised & unrealised gains
126,390
319,128
126,390
319,128
445,518
445,518
Unapplied total return allocated to income in the year
1183,0001
1183,0001
Net movements in the year
262,518
262,518
At 31 March 2022
Sale of school
Unapplied total retum
2.600,000
2,600,000
1,787,440
1.787,440
Total
2,600,000
1,787,440
4,387,440
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THE ROYAL CALEDONIAN EDUCATION TRUST
OPERATIONAL NAME: FORCES CHILDREN SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
21 Operating lease commitments
At the reporting end date the trust had outstanding commitments for fvture minimum lease payments under
non-cancellable operating lease5 for the rental of office space, which fall due as follows".
2022
2021
Within one year
Be￿een two and five years
10,402
20,803
45,073
10,402
65,876
22 Related party trdnsactions
Rèmunèration of kny managèmènt pèrsonn
The remuneration of key management personnel. including ￿dundan(Y payments, employers Nl and
employers pension contributions is as follows..
2022
2021
Aggregate compensation
69,676
74,647
Transactions with related parties
During the year the trust entered into the followng transactions with related parties..
2022
2021
Donations made by Trustees
loo
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