Ch9rIty reglsirAtlon numbet800055 THE ROYAL YEOMANRY REGIMENTALASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022
THE ROYAL YEOMANRY REGIMENTALASSOCIATION LECALIIND ADMINISTRATIVE INFORMATION Tnt$tees Sgi RAllen Lt Col S M¢M¢nemy Capt JAstley Maj {TCtdl G Tumer Capt C Chadwiek Col NAstbury AFranWin {Appoint¢d 15 July2021) Charlty number 800055 Registered •ffiee lo Langridge Farni Hook Lane West Hoathly East Gtinstead Webt Sussex RH19 4PT lttdepeudent txamlner Darren Harding ACA FCCA IKhA Richard Place Dob50tk Sei¢¢s Limited 1-7 Station Road cw[eY Wt Su3KX RHIO IHT
THE ROYAL YEOMANRY REGIMENTALASSOCIATION CONTENTS Pag¢ Tt¢¢s, report Indepeimlent examinees report Statement of flnancial octivities Balance Sheet Note5 to th¢ financial statemenis 6-10
THE ROYAL YEOIVIANRY REGIMENTALASSOCIATION TRUSTEES, REPORT FOR THE YEAR E2VDED 28 FEBRUAR Y2022 The tNstees pr¢s¢ni their annual report atld fInatal $tatement8 for the yearMd¢d 28 Febnlary 2022. The finatttial $tatetllellt8 have be¢n prepared in &eeordBnc¢ with the accountin8 p)ILcjes set out tD note I to the financial Statements and cotnply with the chaTity's constituijon, the Charities Act 2011 8lld "Accounting and Rwrting by Charities= Stat¢ment of Recommended Pra¢ti¢e applicable to charities preparing their accounis tn a¢¢ordAnce wth the Financial Reporting Startdsrd applicable in th¢ UK and Republi¢ of Ir¢lattd {FRS 102) (effective l January 2019)" ObJe¢tlve$ 8nd aettvltks The Objects ofthe chariry aff: (11 To PTO]note the efficiency of the Royal Y¢trmallry by.. a. Maintaitting contact between past and present membeKs of the re8i]n¢nL providing for social gath¢rttLg5 for them; and b. Fo8leting espiril de cotys, to]nrade5hip and the welfar¢ of th¢ regiment andpresenting its tr4dition8. (21 To reliev¢ eilhet generally or individually members of the AssocÉation Member5 Of the Re8itnent and th¢ir d¢peDd¢nt5, who are ill conditions of need, hardship or distre45. To support and promote the tIVitIeS of the Royal Ym#ry Regiment attd provide welfar¢ sllprt to curr¢nt and past m¢mber5 of the as8LKiation. Th¢ trustees havc paid du¢ r¢gard to guidan¢¢ by the Charity Commission in d¢¢iding what a¢tivities the charity 5tLould undertake. Achievements and perforjngnce Over the past few years the AOCIatio has used its fimds for th¢ ftsllowing purposts by making a flnancial contrtbution towards.. Battl¢field Tours Futleral ¢xpenses Parades Regimental 5POrt Welfar¢ of serving 8oldiLMs Wld their families Regimental social gathering5 The Association ha5 a150 provided loan facilities and grants (o s¢rying soldiers who through no fault of their own filld them$¢lv¢s in ShOrt-te financial difficulties as a r¢sult of their servitt. During this pcriod the Regim¢ot relumd from its deploymeni on OP CABIUT, th¢ UK'S contribution toward8 NATO'$ support of the Polattd and th¢ Baltic StstC8 in the Ihr¢ttt wsed by Russia. The RY Associations contributed to social events for the soldiers retyrn as well as pr¢setttations to the Soldiers. The Association also hel1 the Regirnental Recn]iting Team in enhatlcing the R¢Tllental recruiting stand with 'video game, type experienc¢ for potential recruits with the purchase of 8aming equipment for the Stand. Contributions were also made toward5 adventtre trainittg and other sporting attd social activitie8. Expenditute duTing this period lower thatl ¢xpecled as many a¢tivitie5 were cancelled or reduced sn scale due io the ongoing social dTstancinE attd other restrictions caused by the Covid-19 pandemic. A'homecoming, parade that was planned for the troops rctuming fron] Op CABRIT was Ix)5tponed until 2022. Flnattelal revlew At the yearended 28 Febnw 2022, th¢ charity had net in¢4)ming Jysourees of £8.91312021'. £5981. It is th¢ policy of the charity that wr¢styi¢ted futlds which have not been d¢8ignated for a sp¢cifJc use shollld b¢ ]naintained at a level ¢quival¢nt to between three and six mtsnth's exp•idittlTe. The t[Ste¢S considers that r¢serv¢s at thas level will t1]Te that, in the eVt of a significattt drop in fundin& they will be abl¢ to Continue the clwity's ¢urr¢Trl a¢tLVlties wbile consideration is givett to ways in which additional fvnds may be raised
THE ROYAL YEOMANRY REGIMENTALASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y2022 The trustees hav¢ a88essed the rnajor risks to which the charity is exposed. and are satisfied that systems aff in pla¢¢ to mttigate exposu to th¢ major risks. struee> governan¢e and manxgernent The Royal Yeotllanry R¢gimertlal A$$ociation was set up in 1988. 11 is a registtred charity Ino. 80(N)55) which is govetned by a Constithtiotl subje¢t to charitie8 law and the $upcrvision of the Charititts Commission. Ori8inally administered by tbe R¢giment itself a change itt the law required all militsry charities to be run indend¢tlY. W<)rf(ing closely with the lollg¢r ¢stabli5hed Squadron Associations the RYRA 1$ now the maitt body that exists for the purpose of providing organisational as well as financial support to th¢ Regiment and ils member& saving and veterans. Anyotle who has served as & Royal Yeoman is a potetttial benefi¢iary of the Asso¢iation. The Association also organises the Regirnent's participatioll in the Cavalry Memorial Parade and olher¢vents. Put5 were originatly raised for th¢ Association through the 'orte dÈy'$ pay sch¢m¢' which pUhaSed i125uranr¢ before the Arnied Forces Cotnpensation Schctne and other 'safety nets. w¢re put in place. The Association then T¢lied for a number of ye#r8 on voluntary contributions fro]n 5¢rving 2lld fomier mtmbers of the Regiment. Some of the donations still received are mÈde on this basis. In 2016 th¢ one day's pay scheme was reitttroduced and for the last two the R¢gimcnt ha5 receivd donations from serving membets of the R¢giment this way whieh has helped the A550ciation plan for the future with uCh mor¢ cenaittty. In 2012 th¢ RegiMtal PRI Ishopl was by the A850ciation and sells Regimental uniforni items and b[ded products via an online shop. Amodest profit is ¥TLade oll each item in order to intrease Iht Senerdl fiu]ds of the Chatity. The trnstees servd during the y¢ar and up to th¢ date of stgllatu of th¢ financial starements were.. Sgt R All¢ Hon Col B Boyle Lt Col S Mcmenemy Capi JAstley Maj (retdl G Turner Capt C Chadwick Col N Astbury A Franklin (Rtsigned 29 July 2021) (Appointed 15 July 2021) Ttle Tnle¢S meet ai least three timcs a year and xlso dis¢w tsrgent qU$ts or other matters as required. They gee for three or tnore year5 on infornul rotation. Truste¢s give of their time freely and undert2ke to keep up with best practice gllidance a$ issued by th¢ Charity Commi]0 artd act as the ¢u5todians of the Charity's as*ets. The trustees, rtport was approved by th¢ Board of TTV5t¢es. Lt Col S McM¢nemy Truste¢ Dated.. ..[kn 201
THE ROYAL YEOMANRY REGIMENTALASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROYAL YEOMANRY REGIMEwfALASSOCIATION I report to the tmste¢8 on ]ny examinatioll of the financial $tatetn¢nls of Th¢ Royal YtOTnatuy Regitnentsl A$SlatIott (the charity) for the year ended 28 FebThry 2022. R¢sponslbllltle$ nd bas1$ of report A5 the tnjsttts of the charity you are responsible for the preparation of the financial statements in accordaDce with the tequjremejits of the Chritie6Act 2011 (thc 2011 Acl}. I report in resp¢Gt of my &umination of the charity's financial stAletnenfs catried out Und se£lion 145 of the 2011 Act. In carryillg out my examination I have followed all th¢ appliubl¢ Directions given by the Chatity Commission under section 14515)Ib) of the 2011 Act. Independtnt examlner'5 Stat¢ment Your aitention is drawn 10 the faci thai the ¢h8rity has prepared fjnattcial statemettts accordance with Accoutiting and Reporting by Charitics preparing thcir accounts ill accordance with ihe Financial Reportirtg Standard applicabl¢ in the UK and Republic of lyelalld {FRS 102) itt preferent¢ to the A¢countiDg and Reportittg by ChaTities'. Slateffient of Rewmmended Practice i$$ugJ on l April 2005 which is ref¢Jr¢d to in the ¢xt8llt re8ul4tions but hos now b¢¢ll withdTawL. I understand that this has be¢n done in order foT finatlcial sia*ments to provide a and fair vivK in accordance with GenernllyAcceptedA¢countillg Prn¢ttce eff¢¢tive for r¢porting periods begintiing on oraft¢r l January 2015. I have completed my examtnation. I confjmi that no matter8 hav¢ ¢ome to my attetjlion in connertion with the exatninblion giving me cause ro believe thai itt any material r¢spect.' accounting records were noi kept in respect of the ch2rity 3s required by section 130 of the 2011 Act. or th¢ financial siatemenis do not accord with Ihoge r¢Gord5' or the fillan¢ial statements do not comply with the applicable TtquirernenL% ¢ollcem2ng the forn) alld content of account8 $¢1 out in the Charittes (Accounis and Reports} REgulatioJs 28 other than any requiTemettt that (he acconts give a true and (air vi¢w which is noi a matt¢r¢onsidered as part of an independent exati]itiation. ttave no con¢ems and have come across no other rnatters in eonne¢lion with th¢ examination to which attentton thould be drawn in thi5 report in order lo ertable & properunderststtding of the fin2tt¢ial stslements to be teathd. Darren HardlngACA FCCA DChA Richard Place Dobson Servic¢s LiTtLited 1-7 StrLtiOn Road Crawl¢y West Sussex RHIO IHT Dated.. 20 December 2022
THE ROYAL YEOMANRY REGIMENTALASSOCIATIO STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUAR Y2022 Unrestrfcitd UknTestrleted fund5 fDDds 2022 2021 ome fnbm: Donatiotts and tnembetship Cbarilabl¢ activities Other trading activities Inv¢sttnettts Note5 19,208 5.365 9,636 24.446 10,903 15 Tot21 l#com¢ 34,212 35 J64 Raising fi]nd$ 13,978 9,841 Clwitable z¢tivities 24,925 Tot txpendlthre 25,299 34.766 Net income for the ye/ Net tttovement In funds 8,913 598 Fund balatt¢es ai l March 2021 63,893 63,295 bal#nces At 28 Febru 2022 72.806 63,893 The sratement (pf finatJ¢ial activities in¢lud&s all gains and losse5 recognised ill ttle year. All tkcome and expenditure deriv¢ from continuing activitie5.
THE ROYAL YEOIIIANRY REGIMENTALASSOCIATION BALANCE SHEET ASA T28 FEBRUAR Y2022 2022 2021 Notes Current Sets Sto¢k5 Cash at bank and in hand li 20.104 56.302 21,709 45,784 76.406 67.493 Cr¢dltors: gmount5 falllng due wlthln ont yeAr 12 {3.6001 (3,6001 Net cuttent HS8ets 72,806 63,893 Income fund$ Unrestricted funds 72.806 63,893 72,806 63.893 The finala] stateTnents were approved by the Tntstees on Lt Col S McMen¢my Trustr¢
THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 28 FEBRUAR Y2022 A¢rountlng pollcies Ch&rIty Informatloty Tbe Royal Yeorllanry Regimental Associattott js a charity r¢gistered on En8lattd and Wale8, the regist¢ttd offi¢e is clo Lallgridge Fami. Hook Lane, West Hoaihly, E4st Grinstead, RH19 4PT. 1.1 Aecouthdng convendo The finanLial 5tatetnettrs have been prepared in accordance with the charity's [govetning d(umentI. the Charities Act 2011, FRS 102 'The Financial Reporting Standard tpplicablc in th¢ UK and Republic of Ireland" I'FRS 102.) alld the Charities SORP "Accounting and Reporting by Charities.. Statem¢nt of Recommended Practice appli¢abl¢ to ciwitie5 preparing their accounts in Aeeordance wtth the Fiiiancial Reporting Standard applirabl¢ in the UK and Republic of Ircland {FRS 1021 (effective l January 20191. The ¢hArity is a Public Benefit Entity as defIned by FRS 102. The C1ty has taken advatttaÈe of the provisions ill the SORP for charitie5 not to prepare a SIAtem¢nt of Cash Flow5. The tTnancial sratements have departed frorn the ChaTities IA¢¢ounts and Reports) Rcgulations 2008 only 10 th¢ extellr r¢quir¢d lo provide a true and fair view. Thts dqHrturc ha$ involved following the Siatemertt of RecomTo¢nded Practice for chatilies applying FRS 102 r2th¢r than the version of the Statement of Reeomrnended PTactice whi¢h is referred to in the Regulations ErfEt which has since been withthawo. The financial ststemenls are prepared in 5t¢rling, which is the fvnctional CUTr¢llcy of the charity. Monetary amounts in these fJJJattcial ststem¢Dts arc mund¢d to th¢ n¢ar¢st £. The fittancial stalctn¢nt5 have b¢erL prepared under the historical cost convention. The prittcipal accoutsting policies adopted aTe set out b¢low. .2 Golng eoll¢¢rn At the time of appTovill8 the financial slatemcnts. the ttust¢¢s have 8 r¢asonable expcctatiott that th¢ charity ha5 adequ sources 10 tontinue in operational exigtell¢¢ for the foreseeable future. Thus the trustees cuntimie to adopt the going oncern basis of accouJJtln8 io preparing the financial sraieTnents. 1.3 Chsrltable funds UEJrcstri¢t¢d funds ar¢ availabl¢ foruse al th¢ discretion of the truste¢s in furtherance of thcir charitable objeelives. 1.4 In¢ome Incoin¢ is reLlTrW]ised when the cbatlty is l¢gally entitled to it after atty pCTfoMttCe ¢onditiotts have been me4 th¢ amount8 can be m¢asuTed reliably, and it is probabl¢ that itteo]n¢ will be T¢¢¢LV¢d. Ca8h dortations are recoEnis¢d Oll receipl. Other donations are tecognised otK¢ the charity ha5 been notifi¢d of the donation, unle&8 perfomv4nce conditio[15 require defeTral of the amount. Shop sal¢s are recognised at the point tbat the sale has tsken place. Memb¢rship iDcom¢ 15 r¢cognised when the incom¢ is received.
THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONfiNUED) FOR THE YEAR ENDED 28 FEBRUAR Y2022 Ac¢ountiTrg polleles {Contllluedl 1.5 Expendlture Liabilitie5 are recograised as Cxpenditure a8 soon as ther¢ is a legal or constTUCtive obligation committing the charity to that expendiwre. it is probable that a trdnsftT of economic bertefits will be required in settlement And the amount of the obligaliotj Can be measured reliably. EXPendir¢ is accounted for on an accruals basis aud has been clAsSKfied utmier headings thgt aggregate all tost related to the category. Wh¢K costs cannot b¢ directly attribut to p&rti¢ular headings th¢y have be¢tt allttated ro octivities otl a basis consistent 1th the LLS¢ of resources. Chgrltible artlvlties Chariiable aaivities represertts the Costs directly attributtble to eaTry out the tharitable obj'ects, including support tosts and costs relating io the gov¢rnance of the chariry. 1.6 Stocks Stocks ar¢ valued at the Iow¢T of cost znd net realisable value, after maknn8 due allowattce for obsolete atld slow movin8 1.7 C#sh tash equlv&lents Cash and cash equivalents include Gash in han( depo$its held at call with bank5, other short-term liquid investments OTiginal maturities of thfft months or less, and bank overdrafts. Ba]]k overdrnfts ar¢ Sho7 within iK>rrowiugs itl CUErent Crltl¢al AcCtIg estlmates judgements In th¢ application of the ¢harity's a¢wunting policie4 the tNste¢s are required to make judgements. estimates and assumptiotts about the carying aTRount of assets and liabilities that are not Teadily apparetti from otheT 50ur¢&g. The estini2te5 and asso¢iJted asguTryPtEons are based on hi8tori¢al experienc¢ aud othel factors that arc Considcrcd to b¢ relevant. Actual results may differ from these esiirnates. The estimates and und¢rlying &ssumptions &r¢ reviewed on an ongoing basis. R¢visiotts to accounting estimate5 are r¢cognistd ill the pciiod in whiLh the estimat¢ is revis¢d where the r¢vtsion affects oJ]ly that period, or in the period of the revision alld future period$ where the Fevislon affects both current and future periods. DoDgttOhS and mtmbershlp Unrestrl¢ted UtLre6tricted fund$ ds 2022 2021 Donations and gifts 19,208 24,446
THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIYDED 28 FEBRUARY2022 CharltabIe #¢tlvltles Provlile welfgre Support Provlde welfare $upport 24122 2021 Ev¢nt r¢imbursemertt income 5,365 Othet trading 8ttlvlties Unre$trl¢ted Unrestricted funds funds 2022 2021 Shop income 9,636 10.903 Itsvestmellts Unrestricted Utwestricted fund$ funds 2022 2021 Inter1 receivable 15 R%lslng 5 Unrtstrlcted Ullr¢stricted (d5 fimds 2022 2021 Tradin costs Operatin8 online charity shop 13,978 9,841 13,978 9,841
THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (coiYfiNUED) FOR THE YEAR ENDED 28 FEBRUARY2022 CharRtable actlvltles Provlde Provlde welfare welf#re 9nd $upport support 2022 2021 Events Welfare Travel costs 8,271 3,137 19,988 .250 9,521 23,125 Share of govern&nc¢ costs {see note 91 1,800 1,800 24,925 Suppori ¢05ts Support costs Goverllsh¢e Costs 2022 Support costs Governance costs 2021 A¢count&n¢y 1.800 1,800 1.800 1,800 1,8(MJ 1.800 1,800 1.81KI Analys¢d betweett Charitable Èctivities 1,800 1,800 1.800 1.8(N) Gov¢mattce ¢0sts includes paym¢Dts to th¢ itLdeEendent examitters of £1.800 (2021-. £1.800) for th¢ independertt examination. 10 Trustees Non¢ of the trust¢es lor any person$ ¢onnect¢d with them} r¢ceiYcd any remuneration or benefits from the charity duTin8 the year. 11 Stocks 2022 2021 Finished goods artd goods fofT¢5al¢ 20,L04 21,709
THE ROYAL YEOMANRY REGIMENTALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y2022 12 Crtilltor8: amounts falllllg du¢ wrytkin ont year 2022 2021 Trade cr¢ditor5 Ac¢Tua15 1,800 1,8(X) 1,800 1.800 3,6 3,600 13 COVID-19 At the r¢porting dat¢ th¢ trustec$ have assessed tbe impact of Covid-19 on ihe results reFOrted For the financial year ded 31 March 1022 artd wnsider that th¢ Tesults ieflect any adverse conditions 8$ #t that dttte. 14 Related party trallsaetloI There wer¢ 00 di5closable related party transactions during the year{2021- none).