Charity registration number 8000$
THE ROYAL YEOMANRY REGIMENTALASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
LEGALAND ADMINISTRATIVE INFORMATION
Trusteei
Lt Col S Mcmenemy
Maj J Astley
Col N Astbury
Maj A Franklin
R Llewellyn
Col C Bragg
Lt Col L Webb
(Appoint¢d 24 March 2023)
(Appointed 19 April 2024)
(Appointed 19 April 2024)
Charity number
8000SS
Registered offiee
¢10 LaThgridge Farm
Hook Lan¢
West Hoathly
East Grinstead
West Sussex
RH19 4PT
Tndependent ex8miner
Dauen Harding ACA FCCA DChA
Riehard Place Dobson Service5 Liniited
1-7 Station Road
Crawl¢y
Wesl Sussex
RHIO IHT

THE ROYAL YEOMIlNRY REGIMENTAL ASSOCIATION
CONTENTS
Pagt
Trustees. report
Iiidep¢ndent examinevs report
Statcmcnt of financial activities
Balanc¢ sheet
Notes to the finan¢ial statements
6- 10

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 28 FEBRUAR Y2024
Th¢ Irust¢¢s present their annual report and financial stat¢m¢nts for th¢ y¢ar ¢nded 28 February 2024.
The fii)aii¢ial ststeinenls have been prepared in accordance with the accounting poli¢%es set out in note I to the financial
stat¢m¢nls and comply with the charity's constitution, tli¢ Cl)arities Act 2011 and "Accounting and Reporting by Charities..
Statement of Recommended Practic¢ applicable lo charities preparing their accounts in accordance with th¢ Financitsl
Reporting Staiidard F4ppli¢able in the UK and Republic of Ireland (FRS 102) (effective l January 20191"
Objectivcs and aetivilies
The Objects of lh¢ charity are..
(l) To proinote the efficiency of the Royal Y¢omanry by..
• a, Maintaining Contact b¢tween past and present meinbers of the regii)ient, providiiig for so¢ial gatherings for
th¢ni,' 8iid
b, Fostering espirit de corps, coiiiradeship and th¢ w¢lfar¢ of the regiment and presenting its trdditions.
(2) To relieve eitlieT g¢n¢rally or individually ineillbers of tlie Association Meinbers of the R¢gitn¢nl and Ih¢ir dep¢nd¢nls.
who ar¢ iii conditions of need, hardship or distress.
To suppoit and promote the activities of the Royal YeomAniy Regiment and provide welfare support to ciirrerjt and past
members of the associalion.
T]ie trustees liave paid due ￿gard to guidaJic¢ is$u¢d by the Charity Commission in deciding what activiti¢s th¢ ¢haTity
should undertake.
Achievements and ptrformance
Over the past few years thc Asso¢iatiort has used its funds for the following PUTposes by making a financial Contribution
towards..
Battlefield Tours
Funeral expenses
Parades
R¢giiiienlal sport
Welfare of serving soldiers and their fainilics
Regiiiiental social gatherings
The As50¢181ion has also provided loan lacilities and grdllts 10 5¢rving soldi¢rs who through no fault of their own find
theinselves in short-teri)) fiiiancial difficulti¢s as a result of their service.
During this p¢riod Th¢ RY Association invested heavily in technology introducing the 'Military App, The app is free to all
ni¢inb¢rs of the Regiinent, veterans and their fainili¢s as a nieans of staying connected to the Reginient and each oth¢r. It
also coni)eels them with the wider Inilitary ¢(Fn)iiiuiiity and signposts to useful services and organisatiorts. in¢luding m¢nlal
l)ealtl) services.
The Association also helped the Regimental Rccruiting T¢aiii in enhancing the Regimental recruiting and r¢tcntion by
paying for ¢loihing for new recruits that would oth¢rwise have to be purchased by tlie recruits theinselv¢s.
As iisual. tlie Association organized and funded the Regiment'5 participation in the Coinbined Cavalry Old Coinrades
Association paradc in Hyde Park followed by a lunch for s¢rving and vetei'aft members afterwards at the Coach & Horse in
Mayfair. as well as the dining club and annual carol s¢rvice.
The Association also contributed to a Regiinental Adventure training weekend.
Fin8nelal revieii,
At the year ended 28 Feb￿ary 2024. the charity had net outgoing resources of £2,036 (2023: net incoming Tesour¢¢5 of
£9,536}.
page I

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YE4R ENDED 28 FEBRUAR Y2024
It is the policy of th¢ ¢harity that unrestricted funds whieh have not been designat¢d for a specific use should k maintained
at a level equivalent to between three and six month's expet3ditur¢. The trustees considers that res¢rv¢s at this level will
ensu￿ that, in the event of a signifscant drop in funding, thcy will be able to continue th¢ charity's current activities while
consideration is given to ways in whieh additional funds niay be raised
The tTUSte¢s have assessed the major risks to which the charity is exposed, and are satisfied tliat systems are in place to
mitigate ¢xposure to the Inajor risks.
Strueturel governance and man8gement
Tlie Royal Yeomanry Regiin¢nlal Association was set up in 1988. It is a registered charity (no. 800055} which is gov¢rncd
by a Constitution subject to charities law and th¢ siipei'vÉsion of the Chariti¢s Coniniission.
Originally adininislered by the Regimcnl itself a ¢hange in the law required all military charities to be run independently.
Workiiig clo$ely with the longer ¢stablished Squadron Associations the RYL4 is now the maÉn body that exists for the
purpose of providing organisational as well as finai)cial support to tlie Regiment and its members, servii)g and vet¢ran5.
Aiiyone who has scrv¢d as 2 Royal Yeoman is a pglential beneficiary of the Asso¢ialion. The Association also orgonises
the Regiment's participation in the Cavalry M¢inorial Parade and other Cvenls.
Funds were originally raised for the Association through the 'one day's pay seheme, which pU￿haSed insurance before
the Arm¢d Forees Compensation S¢heme and other 'saf¢ty n¢ts' were put in place. The Association tl)eii relied for a
nuinber of years on voluiilary contributions from serving È]id fonner members of the R¢giment. Some of the donatioi)5
still received ar¢ made on this basis. In 2016 th¢ oi)e day's pay sclieme was reiiitroduced and for the last two years tl)e
Regiment has received donations from serving members of the Regiment this way which has help¢d the Association plan
for tli¢ future Miith much mor¢ ¢ertainty.
In 2012 the Regimental PRI {sl)op) was taken on by th¢ Association and sells R¢giikn¢nt81 unifomj items and branded
products via an onlin¢ shop. A modest profit is m#d¢ on each item in order to iii¢rease the general funds of th¢ Charity-
Tl)e trustees who served during th¢ year and up to the date of signature of the financial stat¢m¢nls were..
Lt Col S Mcmeneiny
Maj J Astley
Col NAstbury
Maj A Franklii)
R Ll¢wellyn
Col C Bragg
Lt Col L Webb
(Appointed 24 March 2023)
(Appointed 19 April 2024)
(Appoint¢d 19 April 2024)
The Triistees meet at least three times a yeai. 8rtd also discuss urgent Kqii¢sts or other matters a5 requircd. They serve for
tI￿ee or more y¢ai's on informal rotalion.
Trustees givc of th¢ir tiine freely ond uiidertake to keep up with best practice guidance as issued by the Charity
Coininissioii and act as the custodians of the Charity's a5s¢ts.
The lrnstees, report was approv¢d by the Board of Triislees.
Lt Col S Memencmy
Trustee
Dated..
page 2

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ROYAL YEOMANRY REGIMENTALASSOCIATION
r¢port to the trustees on my examination of the financial statcments of Th¢ Royal Yeomanry Regimental Association (the
charity) for the year ended 28 Fcbruary 2024.
Responsibilities b48is of report
As the trustees of th¢ charity you ar¢ responsible for the preparation of the financial statements in accordance with the
requiremeiits of the Charities Aet 2011 (the 2011 Act).
I report in respect of iiiy exJiiiination of th¢ ¢harity'$ tinancial stateinents carried OLIt under section 145 of the 2011 Act.
In Carrying out iiiy ¢xainination I have followed all the applicable Directions given by the Charity Coll)n)ission und¢r
5¢¢tion 145151(b) of the 2011 Act.
Independent examiDer'$ statement
Your attentign is drawn to the fact that the eharity has prepared financial stat¢m¢nts in ac￿rdanCe with Accounting and
R¢portsng by Charities preparing their accounts in accordan¢e with th¢ Finan¢ial Reporting Standard applicable in the UK
nd Repiiblic of Ireland (FRS 102) in prcf¢r¢n¢¢ lo th¢ Ac¢ottnting and Reporting by Charities.. Statement of
Recommended Practice issued on l April 2005 whi¢h is referr¢d to in the extant regulations but has now b¢¢n withdrawn.
l und¢i'stand that this has been done in order for financial 3tat¢m¢nls lo provid¢ o true and fair view in accordance with
Generally Accepted Accounting Practice eff¢cliv¢ foi. r¢porting periods beginning on or after l January 2015.
I hav¢ eompleted my examination. I confim) that no iTJatt¢rs have ¢ome to my attention in connection with the
examination giving me cause to bcli¢v¢ that iii atty material respect..
accountiiig ir¢ords were i)ot kept in respect of the charity as required by 5¢Ction 130 of th¢ 2011 Act. or
tlie finaneial stateinents do not accord with those records; or
the financial stateinents do not comply witli the applieAble requirements concerning the foTm and c4)nt¢nl of
accounts set oul in th¢ Charitles (Accounts and Reports) Regulations 2008 oth¢r tlian any reqiiiremei)t that tlie
accounts giv¢ a lrne and fail. view wl)ich is not a matter consid¢r¢d as part of at) independent examinatioii.
I have no concerns and have coill¢ a¢ross no other niatters in connection with the exaniination to whi¢h att¢rtlion Should
be drawn in this report ID order to ¢n8ble a proper understanding of th¢ financial stat¢in¢nts lo b¢ reaehed.
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RHIO IHT
Dated..
19 December 2024
page 3

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUIYT
FOR THE YEAR ENDED 28 FEBRUAR Y2024
Unrtstricted
funds
2024
Unrestricted
nds
2023
Notes
Income from:
Donations and legaci¢s
Cliaritabl¢ a¢tivities
Othcr trading activities
Investments
18,217
3,060
7,490
306
18,155
2,632
13,564
2,070
Total intome
29,073
36,421
Exptnditure on:
Raisii)g fui)ds
Charitable actiipities
8,742
22,367
10,966
15,919
Total expenditure
31,109
26,885
Net incomel(expendlture} movement in funds
(2,036)
9.536
Recon¢iliAtion of funds:
Fund balances at l March 2023
82,342
72,806
Fund bal8nce5 4t 28 February 2024
80,306
82,342
The statement of fin2ncial activities in¢lud¢s all gains and los￿3 recognised in the year. All ineoine and expci)ditur¢ derive
from continiiing kctivities.
pag¢ 4

THE ROYAL YEOMANRY REGIMENTALASSOCIATION
BALANCE SHEET
ASAT28 FEBRUARY2024
2024
2023
Notes
Current assets
Stocks
Cash at bank and in hand
12
17.578
66,418
22,083
63,859
83.996
85,942
Creditors: amount$ fAllimg due within one
ye4r
13
(3,690)
13,600}
Ntt Current asscts
80,306
82,342
Net ass¢ts excluding pension liability
80,306
82,342
Th¢ funds of the ehArily
Unrestricted funds
80,306
82,342
80,306
82,342
The fJnan¢ial statements were approved by the trustees on ......
ij
Lt
ol S Mcmenemy
Trustee
page 5

THE ROYAL YEOMANRY REGIMENTALASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUAR Y2024
Aeeounting policies
Charity information
The Royal Yeoinanry Regimental Association is a charity T¢gisl¢r¢d on Englond and Wal¢s. the registered 0￿]ee is clo
Langridge Farm, Hook Laii¢, West Houihly, East Grii)stead, RH19 4PT.
1.1 Accounting eonyention
The financial ￿al¢ll7¢￿tS hav¢ been prepared in aeeordance Mjith the charity's constitiition adopted 3 1st August 1988, the
Charities Aet 2011, FRS 102 "The Financial Reporting Standard Applicable in the UK and Republic of Ir¢l8nd" ("FRS
102") and the Charities SORP "Accounting and Repoitiiig by Charities.. Slat¢inent of Recomm¢nded Pra¢tice applicable
to charities preparing th¢ir accounts in accordan¢ with the Financial Reporting Standard applicable in the UK and
Republi¢ of Ir¢land {FRS 102) letTective l January 2019}. The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for ¢horiti¢$ ntsl lo prepare a Statenient of Cash Flows.
Th¢ finaR¢ial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the ext¢nt
reqiiired to provide a true and fair view. This departure has involved following th¢ Stat¢m¢nt of Re¢omrn¢nded Pra¢tice
foi. charities applying FRS 102 rath¢i' than th¢ v¢rsion of th¢ Statement of Recommended Practice which is referred to in
the R¢gulations bul which has sin¢¢ been Miithdrawn,
The financial statcmciils are pr¢par¢d in sterling, which is the functional currency of the cliarity. Monetary amounts in
tlics¢ financial slalements are rounded to the nearest £.
The financial staten)ents have been prePa￿d und¢r th¢ histori¢al eosl convention. The principal accounting policies
adopted are sct out b¢low.
1.2 Going Concern
At the time of approving the finai)¢ial slal¢itt¢nls, th¢ (riistees have a reasonable expectation that the charity has adeqiiate
resourc¢s to COEltinii¢ in operdlional existence for the foreseeable future. Thus the trustees contiiiue to adopt the going
¢onccrii basis of accounting in preparing the financial statements.
1.3 Chxrit&ble funds
Unrestricted funds are available for use at th¢ discr¢tioii of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is r¢¢ognis¢d when tl)e charity is legally entitled to it after any P¢Tformance ¢onditions Iiave been tnet, the
ainounls can be measured reliably, and it is probable tliat incom¢ will b¢ r¢ceived.
Cash donations are recognised on receipt. Other doiiations are re¢ognised once the charity has been notified of the
donation. unless perfonnan¢c condition5 require deferral of the ainount.
Shop sales are recognised at th¢ point that th¢ sale has taken place.
Menibership inconie is re¢ognised wh¢n th¢ income is received.
page 6

THE ROYAL YEOMANRY REGIMENTALASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y2024
A¢¢ounting policies
(Continued)
l.$ Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constriictive obligation committing the charity to
tltht expenditure, it is probable that a Iransf¢r (>f ¢¢onomi¢ benefits will be required in settlcm¢nt and th¢ amottnt of the
obligation can k m¢asuitd itliably. Expenditure is accounted for on a¢¢ruals basis aiid has been classified under
h¢adiJ)gs that aggregate all cost related to the category. Wh¢r¢ ¢ost$ ¢annot be direetly attributed to particular headings
they have been allocated to a¢tiviti¢s on a basis ¢onsistent with the iise of resources.
Ch4rit&ble a£tivities
Chw'itable activities represents the costs directly 4ttribulabl¢ lo carry out the charitable objects, including sllPPOrt Costs
and costs relating to the gov¢i'nan¢¢ of th¢ ¢harity.
1.6 Stoeks
Stoeks are valued at the lower of ¢ost and net realisable value, after making due allowan¢¢ for obsolete and slow moving
items.
1.7 Cash and CRsh equival¢nt3
Cash and cash equivalents include cash in hand. deposits held at ¢all with banks. other short-terni liquid investments with
original n)aturities ofthree Inonths or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current
Critical accounting estimate5 and judgements
In tlie applicatioi) of the charity's aecounting policies, Ilie trustees are required to make judgeineiiw estimal¢s and
assumptions about the carryiiig amouiit of assets and liabilities that are iiot readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are eonsidered to be
relevant. Actuol results niay differ from these estiinates.
The estimates and underlying assiimptions reviewed on an oiigoing basis. Revisions to &¢counling estimates are
recognised ii) tlie period in which the estimate is revised where the revision affe¢ls only that period. or iii the period of
t]ie revisioii and futur¢ p¢riods where the revision affects both ¢Liiirnl and future periods.
Ineome from donations and legacie5
Unrutricttd
futtds
2024
Unrestricted
funds
2023
Donations Èrtd gifts
18,217
18.155
page 7

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y2024
Charitable activities
Provide
Ivelfart
Support
Provide
Ivelfare
support
2024
2023
Event reimbursement incom¢
3.060
2,632
Income from other trading activities
Unrestricted Unrestrieted
funds
funds
2024
2023
Shop iii¢orne
7,490
13,504
Income from iDVt5tments
Unrestricted Unre$trieted
funds
funds
2024
2023
Interest rec¢ivabl¢
306
2,070
Raising fund5
Unrestyicted Unrestricted
funds
funds
21124
2023
Tradin
eosts
Operating online charity shop
8,742
10,966
8,742
10,966
Pa8¢ 8

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y2024
Eypenditur¢ on charltablt Activitits
Provide
welfAre #nd
support
2024
Provide
welfart and
support
202J
Direet eosts
Events
20,477
14,119
Sh#re of support and goVer￿aN¢C costs (see note 9)
Govemance
1,890
1,800
22,367
15,919
Analysis by fund
Unrestricted funds
22,367
15,919
Support costs #llocxted to #etivities
2024
2023
Gov¢Ynance costs
1,890
1,800
Analysed betiveen:
Provid¢ welfar¢ and support
1.890
1,800
io
Tru5te¢s
None of the I￿SteeS (or any p¢rsons connected with thein) received any reinuneration or benefits froiii th¢ ¢harity during
the year.
li
Taxation
The ¢liarity 1$ exempt from tax on income and gains falling within s¢¢litsn 505 of the Taxes Act 1988 or section 252 of
the Taxation of Chargeable Gains Act 1992 to the ¢xtent that these are applied to its charitable objects.
12 Stock5
2024
2023
Finished goods and goods for resale
17,578
22,083
page 9

THE ROYAL YEOMANRY REGIMENTAL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y2024
13 Creditors: amounts falling due ivithin one ytAr
2024
2023
Trade creditors
Accruals
1,800
1,890
1.800
1,800
3,690
3.600
14 Unrestrieted funds
The ui)restricted funds of the charity comprise the unexpended balances of doi)ations and grai)Is which are not subject to
specific conditions by donors and gTantors as to how tl)¢y may be used. These include designated funds whicli have been
set aside out of ui)restrict¢d furtds by the trustees for specifie purposes.
At l M¥reh
2023
Ineomlng
resources
Resources At 28 February
expended
2024
General fund5
82,342
29,073
(31,109)
80,306
Previous year:
At l M¥Ych
2022
INcomlng
resourc
Resources At 28 February
expended
2023
GenerAI funds
72,806
36,421
{26,885}
82,342
15
Relxted party transactions
Th¢r¢ w¢rc no dis¢losable related party transactions during the year (2023 - nonc).
page 10