2021-02-28-accounts

Ch2rlty Registratioh No. 80005$ THE ROYAL YEOMANRY REGIMENTALASSOCIATION ANNUAL REPORT AND UNAUDItTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

THE ROYAL YEOMAIYRY REGIMENTALASSOCIATION LEGALAND ADMtNISTRATIVE llW4FORMATION Trus¢¢es Sgl RAlle Li Col S Mcmertemy Capi J Asiley Maj Iirtd) G Turner Capt C Chadwick Col N Astbury AFrdnklin IAppoint¢d SAugu5t 2020) (Appointed 15 July 2021) ChArlty number 80(X)55 Registertd office clo LanBiidBe Fami Hook LBD¢ West Hoathly E*8t Grinstead West Suss¢x RH194PT Indepertdent examin¢r DaLT¢n HtyiingACAFCCADChA Richard Place Dobson S¢rvitts Limited 1-7 Station R￿d Crawley W&it s￿sSeX RHIO IHT

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION CONTENTS Page Tn￿lee8. r¢ptsrt Indcpcnd¢nt txaminerf5 r¢port Staiemtnt of fin8n¢i81 activi¢i¢s Bdlance sh¢¢t Notes to the fin2neial stat¢m¢nts 7. Ik

THE ROYAL YEOMANRY REGIIIqENTALASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 28 FEBRUAR Y2021 Th¢ thjstees pr￿ll1 their annual report and financial stattm¢nts for thc y¢ar ¢ttded 28 Fobnw 2021. The finattcial stat¢ments have been prepared in accordance with the accountittg tx)licies set out in not i to ilie flnancial tatements and comply with the charitys COT18Uttltion. the Charities Act 201 l and "Accounting #nd Reporting by Charities.. SIAtement of R¢eotLmended PTacliie applicBble 10 charitLeS Pteparing th¢ir accounts in kccordallc¢ with the FLiianc)81 Reptsrtiiig Standard applicabl¢ in the UK gnd Republic ofTr¢lattd (FRS 102) (effective l January 20191" ObJectlv¢s aetlwlt1¢5 The Obj¢cts of the chBrity are.. {1) To proTnoie th¢ efficiency ef the Royal Yeomanry by.. Maintaining contact bctween past Lttd pres¢nt m¢mber8 of th¢ ￿81m¢t1t* providing for wrilll 8atheringo for b, Fosl¢rin8 a%pirit dc ¢orps, Comradeship and the w¢lfaTe of the regiinent and pr¢5enting its traditions. {2} To reli¢ve either g¢nerally or individually memb¢rs ef the Asso¢iaiion M¢fflbtts of th¢ Regiment and the depend¢nt5, who are in ¢onditioJJs of ne¢d. hardship or distr￿. To support and promote th¢ &ctivirie8 of the Royal Y¢(>msnry R¢gitnEnt atjd provid¢ welfare support to ¢Lwr¢nt 8ttd past membeTS of the asswialiott. The twst<¢s have paid due regard to guidance i55u¢d by thc Ch8Tity Commissiort in (kcidin8 WtLat activities the charity should uttdertak¢. A¢hlev¢mtnts and p¢rftsrmanc¢ Over the p￿t few years thc A880¢iatioll h&$ used its futtds for th¢ following purposw by makitlg a fittancial ctsntribuiion (Owgrds: B8ttlefieldTours Fun¢rdl expense5 Parades Regimental sport Welfare of seTviiig 8oldi¢ts Regimental social gatherin8S The A850CIgtion has also provided loan facilities and 8rartt8 to $ervittg 801di¢ts who through no fault of their own find themselv¢s in short-t¢m) financial difficulties as J Tesuli of their servic¢. DutittB this period the Regim¢nt was d6ployed on OP CABRJT, the UK'S contribution toward¥ NATO'8 3UPPOrt of Pol8nd and the Baltic Slat¢s in the ￿t¢ll[la[ Ihreal posed by Russia. Th¢AsSO¢iAtion collecl¢d eootrlbutl01￿ from oth¢r squadronAss￿ia110ll5 r￿melY.. The Sh¢Twood Raiigers yco1i￿nry Association Th¢ Kent and Sh3tyshool¢r5 Yeomanry AssociatLOTL The WestmLttsier Dragoons AssoGiation The Shropshire Yeomanry Association The Queett'5 Own Warwickshire Wor¢estershir¢ Yeomanry Cotllrad¢sA88rKialion Th¢ Slafford5hire YeomanryAsswiation Thc DerbyshireY¢oirtanryAsso¢iauon Th¢ Leie¢ster5hire &nd D¢rbyshireY¢otnaLry A5sociaiion Rich8rd Pia¢¢ Dobyort page I

THE ROYAL YEOMANRY REGIMENTALASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y2021 The RY Association was itself the larg¢st funder of th¢ welfare packBge supplied lo the 80 or so Soldi￿ deployed by th¢ Re8imenl. Three wclfaT¢ paT¢els W¢Te gent to the troops while deployed containing Warm kil confectionary and other ¢T¢als homc. As a r¢$uli of r¢siri¢tson8 placed en 8OCLal gatherings dwing ibis pwiod ill the UK il was not P0S8ible to gaiher th¢ families of those deployed logeth¢r for ally social functlODS, Therefore. 8 children'5 ¢lltertainer w#s paid for to d¢liv¢T i perfom]8nce via zootn. Achrislinas hamp¢r was ordered and Royal Yeomanry branded produc¢ was included to n￿e this a special momento as w¢ll as tts supplcm¢Dt the families. food stuffs for Ilie Christmas P¢Tiod. Th¢ ha￿perS wert d¢liv¢red to each family personally by v¢¢erBn memb¢r5 of the Sojadmtt Asswi#tions and sonje seJvinB soldiers in theirspa￿ liL)e, aiid w￿£ much apprt¢iaied by the families. Flnfincl¥l revlew At the year ended 28 February 2021, the charity had net incoming re80urG¢s of £598 (2020 nct outgoittg re80urees.' £1531. It is the policy of the charity that unrestricted funds which h&ve not been designated for a sp¢cific use should be tnainlaind at a level equivllettt to betweett three and six month's expenditur¢. The tLV5t¢¢$ cotL8idcrs thAt reserves il this level will ¢Dsure that, io the event of a signifiranl drop iii funding, th¢y will be abl¢ 10 contijiue the charity'5 ¢uTrent activities while CODsiderniion L5 given ro ways in which addilional lunds may be raised The IruslC¢S liave &55essed th¢ mttjor risks to whick tlLC Ghariry is ¢xposed, and are 5atisfJed that sys￿mS ar¢ in plaee to mitigate exposur¢ to the major risks. Trustees have given consid¢Tation to th¢ Charities SORP CSial¢ill¢ni of RecomTtLended Practsce) Committee's advice in its publication'lmplications of COVID-19 Control Measur¢s and Charity Finan¢iil Reporting, and to the risk8 arising &8 result of the COronavi￿S pandetnic. The ChaTity IS £Ctiv¢ly moniiorinB artd managing the situation os it develops. We hav¢ adopted our operations and consider th&t the Chgrity has ad¢quaie reseTve$. Str￿¢¢￿￿{ governante and math#gement The Royal Yeoniatuy Re8imcntal Association was set up in 1988. It js & Tegi$t¢r¢d charity {no. 80(M)551 is gov¢rned by a Conslinjtion 5ubje¢t to ¢haTlties law and the supervi$iott of lh¢ Chatilies Cornmission. Origittally admiLiSter¢d by the Rr8imenl itself a change sn the law required #ll military ¢haritL¢S to be run indep¢nd¢ntly. Workin8 clos¢ly with th¢ longer e8tablish¢d Squadron Associatiol￿ the RYRA is now th¢ main body that ¢xists for th¢ purpose of providing or8anis8tion81 as well as fin&n¢ial supwkrt 10 th¢ Regiment al￿ its meinbets, serving and v¢*TAns. Anyone who ha5 served as 4 Royal Yeoman is a potential beneficiary of th¢ Association. The Association a150 organis¢s the RcgiTnent's parti¢ipaitoD in th¢ Cavalry M¢morial Pardde alld oth¢T events. Fithds w¢r¢ originally rgised for th¢ Assocs81ion Ihrough Ihe'onc day'5 pay scheine, which PUTthased in5uranceb¢foie the Armed Forces Compensation S¢hein¢ and other 'safeiy n¢ts' were put in place. Th¢ Asso¢ialjoD Ihert r¢lied for rt nuJniTreT of years vulunlary Goniributions from S¢Tving and former Jnemb¢rs ot the R¢giment. Some of Ihv donations still r¢ceived ar¢ m8de on this basis. In 2016 th¢ one day's PE¢y schem¢ reintroducd and for the last trwo years thc Regiment ha5 t¢¢eived donations frotll serving members of Ibe Reg&m¢tsl this way which has h¢lped the Associalio plart for the with tllu¢h mor¢ ¢¢nainty. In 2012 Ihc Regim¢ntftl PRI (shop) was taken on by th¢ Aswcialion alld s¢lls Regim¢ntil uniforni items and branded produ¢ts via an online shop. Amode5t PTofiI is mgde on each item in ord¢r 10 in¢r¢85e the gcneral fiLnds of the Chaiity. The trustees who 5etved duringthc yw and up to the datt of $i8natur¢ of the financial stateLn¢nl$ were.. Sgt RAllett Hon Col B Boyl¢ Lt Col S M¢Menemy Capt J A8tl¢y Maj Ireid} G Turner Capt C Chadwick Col NAstbury A Franklin {Re8ign¢d 29 July 202LI IAppoint¢d 5 August 2020) {Appoinied 15 July 2021) Ri¢h8rO Plate Dobson pag¢ 2

THE ROYAL YEOMANRY REGIMENTALASSOCIATION TRUSTEESI REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y2021 The Trnst¢¢s me¢t 81 least three iim¢s a year and also discu55 Urgent requ41ts or other matt¢rs AS required. Th¢y s¢rve for thTe¢ or more yeArs on infom)al rotation. give of tii¢trtim¢ fr¢ely and undtrtak¢ to k#p up with be8tpraGtiee guidance as issued by th¢ Charity Commission and act As th¢ ¢ustodians of the Cliarity's assels. The trustees, report was approved by the Board of Ttusiees. Lt Col S Mcmentmy TNst¢¢ Richard Pla¢e Dobs PB8e 3

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION

I report to the trustees on my examination of the financial statements of The Royal Yeomanry Regimental Association (the charity) for the year ended 28 February 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RHIO lHT

18 March 2022 Dated: ........................ .

Richard Place Dobson

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TIIE ROYAL YEOMANRY REGIMENTALASSOCIATION STATEMENT OF FINANCIALAcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUAR Y2021 Unre5trltted UnttstrAtted fund$ fllnds 2021 2020 No Donations and mcmb¢rship Charitable aclLVlties Other tradin8 &¢tLVlties Inve81menls 24.446 16,835 5,401 8,412 59 10,903 15 Tot1 lkntome 35,364 30,707 RHi$in8 fwids 9,841 15.292 Cl￿table activiti¢s 24.925 15,568 Total res0￿reeS expeDdtd 34,766 30.860 Net ItLcomel(txpeDdlture) for the yearl Net movemellt futtds 598 (153) Fund balantts at l Marth 2020 63,295 63,448 Fund b•lane￿ 4t 28 Febrnary 2021 63,893 63,295 Th¢ 3tatthncnl of fittancial 8CtivitS¢5 in¢ludcs all 8&iks and los$es rccogttised in the y¢or. All itKom¢ xttd eX￿￿]I￿re d￿1Ve from ¢4tttiJJuiRg aclivÉtics. Ricbrd Plate Dobson Pagc 5

THE ROYAL YEOMANRY REGIMENTALASSOCIATION BALANCE SHEET ASA T 28 FEBRUAR Y2021 2021 2020 Notts Cttrr¢nt 8Sset8 Stocks Cgsh at bAnk and ITh hand 21,946 43,149 12 21,709 45,784 67,493 65,095 CredltDr$: amottn¢S f&llfn# due wlthln Ooe ye*r 13 (3.6001 11,800) N¢t current assets 63,893 63,295 Income funds Unrcstricted fiJttd5 63295 63.893 63,893 63,295 The fLttancial 8iat¢ments wer¢ approved by th¢Trnst￿ on... ol S M¢Men¢my Trustee RichardP1￿% Dobson pagc 6

THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EJVDED 28 FEBRUAR Y2021 A¢countlDg polltle5 Chxrlty Informitlon The Royal Yeolnanry Rcgimentttl AssQCigtion 18 a charity registered on England and Wales. the r¢gisiered offlce is clo Langridge Fann, Hook Lane. West Hoailily. East Grinstead, RH19 4PT. 1.1 A¢¢ou￿tIng eonwentlo The fin8tlCl21 statem¢nlS havc been prepared in accordance with th¢ charity5 l¥overnin¥ docun)entl, tbe Charitics Act 2011, FRS 102"ThB Finaiicigl Rq)orting Stsndard 8pplicabl¢ in the UK and Republic of Ireland" I'FRS 102.1 attd the Charities SORP"Accounting and R¢portinK by CliatilLeS'. Statement of Recommend¢d PractiG¢ #pplicable to char&ti¢s preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" l¢ff¢clive l Jon￿ary 20191. The charity is a Publi¢ Benefit Entity as defined by FRS 102. Th¢ ¢I￿rity has lakell 8dvontag¢ of th¢ provisions in the SORP for charilics not to prepar¢ a Stal¢m¢nt olCa8h Flows. The fi[￿￿cIal slat¢m¢nts have depaned from the CharÉli¢s (Accounts Bnd Rcport5) Regulation$ 2￿8 only to the extent required 10 provide a tru¢ Btsd fair vi¢w. This d¢portuie has involved following tli¢ Siatem¢nl of Re¢oinmended Pra¢ii¢¢ for tharitics applying FRS 102 ratber than the version of the Statement of Rrcomtnended Practi¢¢ which is ieferred to irt the Regulations but which has since bcen withdratsm. The financial statCEn¢nts are PTq>aTed in sterlingb which is the fjJn¢tlOD#I ¢utten¢y of the elwity. Monetary èmounts in these fJnancil 8tateTnenls are rounded to the nearest £. The firtancial statements have been prepared under th¢ htstorical cost conv¢ntion, modified to include the revalu41iOtt of freehold properties and 10 include snvestment propertiC8 #rtd certain financial instsuments kt fair val￿. The pIill¢ipal a¢wunting poli¢ies adopted ore set outb¢low. 12 Golrtg tODeerD At the lime of approving th¢ financial Btalem¢nts, the h￿s￿¢S Ekavc a teasottable ¢xpectalion thAt the chaTity has adequate r¢8ources to conlittue in operaiiottal exislciice for the foreseeable fuDJrc. Illus the trustets contillue to adopt the goillg ¢on¢ern basis olac¢ountin8 in pr¢paTirtg the fiiigncial statements. 1.3 CbrltAble futhds Ullr¢striCted funds are available forus¢ a¢ the discretion of tlle ill fortherancc of their charitable objective4. 1.4 lllcome IDcoTne is reco8ttised wh¢n the charity is Icgally ¢ntitled to it after any p¢rf0M￿￿¢¢ conditions I￿ve b¢¢n rllet, the outtts bc mea5ur¢d reliably. and it is probable that in¢otne will bc rcceivcd. Cash donations are recognised on r¢¢¢ipt. Other donations ar¢ recognised once tiic charity hAs be¢n notified of the donatiott, unl¢s$ perforniance condition$ rty4uir¢ defe¥ro1 of th¢ xmounl. Shop sales are recognised at tlie point that the sal¢ ha5 tsken plac¢. M¢mbcrship irt¢omc is r¢cO￿lS¢d when ihe inGom¢ is r¢ceived. Richrd Place Dobson P98¢ 7

THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (COIYTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y2021 Actounting pc¢ll¢les Icantlnued) 1.5 ExPendI￿re Liabilities are recogllas¢d as exp¢ndiDJre a5 500n as there is a legg1 ortortshw¢tive obligation comDiilting the Gbarity lo thAI CKp¢llditure. it Is probable that a transfer of ecoE]omic b¢nefJt8 will be required in s¢ttl¢metLt and the amount of the obli8alion can bc m¢asured rcli8bly. ExpetLdiiure is account¢d for on an aG¢ruals ba5i5 ha5 b¢en classifked under headings that aggregate all cost r¢lated lo the Catcgory. Wh¢re ¢osts cannot be directly attributed to PfjTttcular beadittgs th¢y have be¢n allo¢at¢d to aclivili¢$ on a basis ¢onsist¢Trt wilh the u5¢ of resour¢e8. Ch¥rlt&ble actlvltles Charitable #ctivitics r¢pre8ents the costs directly attributable to ¢arry out the charitable obj¢ots, including support costs and costs relRting to the governance of the choTity. 1.6 Stoc Stocks ar¢ valued at the lower of cost and net realis•ble valu¢, xfter makin8 due allowance for obsol¢t¢ and slow tnoving items. 1.7 Cash and tish equlvalellts Casli atid cash equivalents include casli in hatmi, d¢pD$its h¢ld nt call with batjks, oth¢r short4ellth liquid invcstmcnts with original mgttJrilLes of three monihs or less, and bank overdrafts. Bank ov¢rdrafts ar¢ shown within borrowings irt cU￿ent liabilities. Crltlcxl #ceounting estlmat¢$ lud£ement5 12) the application of the cliarity's ac¢ouniillg policies, the trustees are reqiiired to make judgements, esiimat¢s snd &ssumptions about the ¢#￿ing gmount of assets and liabilitie8 that are not r¢adily apparent from othet sources. The e$umat¢5 al￿ associated assun)ptiorts ar¢ ba$ed on historical ¢xpeiiettce and other factor8 that are ¢oJJsider¢d to be relevant. A¢tu81 result$ may differ froln Ih&sc estimat¢$. Th¢ estimatS5 and underlying asswnpiions ar¢ Teviewed on an ongoing basss. R¢visiolls to accounting tslimat¢s Rre re¢ognised sn the period in which the estimat¢ is revi8¢d where th¢ revision affects only that period, or in the twiod of ¢h¢ revision and futur¢ periods wh¢re the Kvision aff￿tS both CUTr¢nt and futEtye period$. DoD4tions and mtEnber5hlp UnreBtrl¢ted Ut￿¢StriCted ffiEnds funds 2021 2020 Donatiotts and gifts 24,446 16,835 'chard Pl#¢¢ Dobson pAge 8

THE ROYAL YEOIKANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (COP4TINUED) FOR THE YEAR ENDED 28 FEBRUARY2021 ch￿l*ble a¢tlvltles Provlde welfire iupptsrt 2020 Prnvide welf#r¢ support 21J2 Evellt reimbursement illcome 5.401 Other trading activltles Unr¢strlcted Unttstrict futsds funds 2021 2020 Sh¢p incom¢ 10,903 8.412 Investments Unrestrleted ut￿triCted funds 2021 2020 lllt¢re8t rec¢ivttble 15 59 Rtslllg UtLrestrl¢ted Unr¢gtrict¢d futtds 2021 2020 (4)eratin8 onlirL¢ Charity sh 9,841 15,292 9,841 15.292 Richard Pl#¢e Dobso pa8¢ 9

THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE fiINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EJVDED 28 FEBRUAR Y2021 Ch*rltable aetlvltles Fro￿de Provlde welfare and welfare Support Support 2020 Ev¢nts W¢lf8te 3.137 19.988 13,510 23.125 13.510 Shgr¢ of support costs (see Dote 91 Shar¢ of Kovernan¢e ￿sts {s¢¢ not¢ 91 258 1.800 24,925 15,568 Support ¢08ts Support eosts Governance sts 2021 SupportC05ts GovernÈnce ¢ost$ 2020 AdmiDistration cost5 258 258 A¢countall¢y 1,800 1.800 1,8(K 1,800 1.800 258 1,800 2,058 Attalysed between Charitabl¢ 8¢1ivities 1.800 1,8(M) 258 1,800 2.0S8 fjovern8nce costs includ¢s payments to the independent ¢xxminers of £1,81K) 12020.. £1,800) for th¢ ind¢pendetLt ¢xamiThalion. 10 Thtste Non¢ of th¢ (or persons ¢onnect¢d with th¢ml received rtmuner4tiott or bcn¢fiis frotn the eharity during the year. 11 Employe¢s Th¢ averag¢ inonthly Hum￿[ of ¢mploye¢s dtsring th¢ year wa5.. 2021 2020 Number N￿mber Total Ridurd Placc Dob50n P8g¢ 10

THE ROYAL YEOMANRY REGIl1￿NTALASSocIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EJVDED 28 FEBRUAR Y2021 12 Stoeka 2021 2020 Fillished good$ 8nd go(x]s forr¢sale 21.709 21,946 13 Creditors: Amounts filllng dtte wlthln otte year 2021 2020 Trad¢ creditors A￿l￿s13 1,8(M) 1,800 1,800 1,800 14 Relattd pxrty tr4ttsaction5 Ther¢ were tjo disclgs8ble rclated party Iratsactions dutittg the year (2020- noiie). RichHrd PiAce Dobson pagell