Treasurer’s Report, Association Financial Year Ending 31st March 2025 Using 31st March 2025 valuations of investments, the Association had net assets of £101k compared with £86k at the end of the previous financial year. This increase in net assets can be significantly attributed to the receipt of funds from the old Croydon Branch into the Association funds, as well as the initial crowdfunding activities for the guidon conservation project, which will be paid in the current financial year. The M&G Charifund units were valued at around £62k at the yr end compared to £60k at 31 Mar 2024. The value as at 30 Sep 2025 is running at some £66.5k, so we assess this is still a safe investment, now recovering well from the previous stock market fall. The Cambridge and Counties Bank fixed rate investment of £16,915 from December 2023 came to fruition, with a receipt of £0.9k in interest. This interest was retained and reinvested into a further fixed term investment account maturing in February 2026, at 4.65%. Whilst this rate remains attractive, the falling Bank of England base rate will have an impact on future investments and so this holding will remain under review. Total income this financial year has increased to £31.7k from around £14k. This does, however include El Gubi receipts in full, only shown as a nett expense last year. A major element of this income came from the transfer of £11k from the old C Sqn Branch funds into the Association accounts, and Gift Aid has also been claimed on this in the 2025/2026 accounting period, as with other claims from the prior years, and this will show in next year’s accounts. The Association has continued to benefit from the very generous support of The Worshipful Company of Insurers (WCI). Over 90 individuals have contributed generously to the funds to the value of ±£3.5k. Another significant element of income was the initial tranche of crowd funding event for the conservation of the 3 guidons, generating an initial £2.3k. At this level of income receipts and funds the Association can continue to publish the annual journal and fulfil its charitable obligations. Our largest expense was the El Gubi dinner at £8.8k. This year the event resulted in a net expenditure of £1.6k, up from £0.8K the previous year. The increase was due to the number of guests and support to both Sqn’s junior members attending. The next largest item continues to be the production and distribution of the annual journal at £4.8k, which is only a minor increase on last year. The Association continues to support the following charities, they being The Yeomanry Benevolent Fund, SSAFA (Kent), the KSY Museum Trust and the Royal British Legion, which have benefitted from a grant of £1.5k, divided between them. Based on the transfer from C Sqn funds, we have also donated an additional £500 to the Combat Stress charity this year. Welfare grants were made to the value of £4.3k to support ex-Sqn members in need and provide Xmas boxes etc to deployed soldiers and their families. Total expenditure this year was therefore £21k, up some £4k on the previous year. The net effect has been a surplus during the last financial year of £10,692, compared to the deficit last year of £3.3k. You are kindly reminded to complete and forward a current Gift Aid form to the Secretary or Treasurer. HMRC contributes a further 25% to gift aided donations. Please contact the Secretary (secretary@ksya.org.uk) or Treasurer ( Treasurer@ksya.org.uk) for information. I believe the Association is in good financial health overall and well placed for the future. We continue to review our investments to ensure we can maximise our returns and seek to gain significant interest under the higher rates available currently. The accounts have been examined and approved by the kind offices of Mr John Gunn, ACMA. David Palmer, Lt Col (Retd) TD VR, Honorary Treasurer |||**Kent and Sharpshooters Yeomanry Association**|**Kent and Sharpshooters Yeomanry Association**|**Kent and Sharpshooters Yeomanry Association**|**Kent and Sharpshooters Yeomanry Association**|**Kent and Sharpshooters Yeomanry Association**||**Full Detail**| |---|---|---|---|---|---|---|---|---| |||**A Charity Registered with the Charity Commission No 803784**||||||| |||**Income and expenditure sheet for the financial year ended 31st March 2025**||||||| |||||||||| |||||**Current Year**||**Previous Year**||**Comments**| |**Notes:**||||**£**|**£**|**£**|**£**|| ||**Income**|||**31st March 2025**||**31st March 2024**||| ||Grants from Charities|||50.00||200.00||£50 PDC Trust| ||Contribution for Website
hosting and email accounts|||||1,800.00||Received from KSYR Museum
Trust| ||Donation from the WCI|||3,000.00||3,000.00||| ||Subscriptions and
Donations by members and
~~friends~~|||13,994.16||2,945.14||£11,000 brought across from old C
Sqn Branch funds| ||Donations specifically
towards the journal costs|||460.00||330.00||| ||El Gubi 24 Income receipts
for dinner only. This is offset
by expenditure shown
below.|||7,218.54||548.10||Previous year shows Table
collection only. This year does not
include this as there was no
collection taken.| ||Merchandising: Ties etc|||295.20||395.00||| ||Payments under Gift Aid|||-||-||Claims in progress for 2024 and
2025| ||Donations by members and
friends to crowdfunded
appeals|||2,350.00||850.00||Crodfund receipts for Guidon
conservation
Guy Farage Presentation in 2024| ||Pre-payments for EG25|||620.00||588.00||| ||||**Sub Totals**||27,987.90||10,656.24|| |**See**
**Note A**|Investment Receipts (M&G /
Cambridge & Counties)|||3,711.82||3,332.68||| ||||**Sub Totals**|31,699.72|3,711.82||3,332.68|| ||||**Totals**||**31,699.72**||**13,988.92**|| |||||||||| |||||**Current Year**||**Previous Year**||| ||**Expenditure**|||**31st March 2025**||**31st March 2024**||| ||Grants to charities and
organisations|||1,500.00||1,000.00||£400 - SSFA (Kent)
£200 - YBF
£400 - KSYRMT Grant
£500 - Combat Stress| ||Grants to the Royal British
Legion including cost of
wreaths and crosses|||510.10||400.00||| ||El Gubi dinner Expenditure
for 2024|||8,847.60||835.90||Previous year shows NETT
expenditure only| ||Coronation BBQ|||0.00||2,135.00||Nett expenditure only.| ||Printing and postage
(Annual journal 2024)|||4,862.65||4,711.00||Minor increase on previous year.
Postage is significant cost driver| ||Statuette for Worshipful
Company of Insurers|||0.00||2,550.00||Presented at EG23| ||General expenses|||1,010.75||3,936.47||£155.88 for Zoom Account
£70.15 for Committee Meeting
costs
£7.85 postage
£776.77 for attendance at Funeral| ||Welfare grants|||4,275.95||1,000.00||Welfare Committee expenditure
£2,125.95 and compassionate
assistance £2,150| ||Purchases|||0.00||754.83||Presentation and Statuette for Guy
Farage 2024.
Ties 2023| ||||**Totals**||**21,007.05**||**17,323.20**|| |||||||||| ||**Surplus / (Deficit)**||**Totals**||**10,692.67**||**(3,334.28)**|| |||||||||| |||||**Current Year**||**Previous Year**||| |**Note A **|**Investment Income**|||**31st March 2025**||**31st March 2024**||| ||M&G Charifund dividends|||3,711.82||2,973.54||| ||Cambridge Counties
Interest|||||359.14||| |---|---|---|---|---|---|---|---|---| ||||**Totals**||**3,711.82**||**3,332.68**|| |||||||||| |||||||||| |||**Kent and Sharpshooters Yeomanry Association**||||||| |||**A Charity Registered with the Charity Commission No 803784**||||||| |||**Balance sheet for the financial year ended 31st March 2025**||||||| |||||||||| |||||**Current Year**||**Previous Year**||| |||||**31st March 2025**||**31st March 2024**||| |**See**
**Note B**|**Investments at initial cost**|**Units**||||||| ||M&G Charifund Units
purchased 1/3/88|1,991.000||9,726.61||9,726.61||| ||M&G Charifund Units
purchased 21/8/89|162.000||1,000.00||1,000.00||| ||M&G Charifund Units
purchased 20/8/05|308.347||4,000.00||4,000.00||| ||M&G Charifund Units
purchased 30/4/08|375.923||5,000.00||5,000.00||| ||M&G Charifund Units
purchased 31/10/19|627.451||10,000.00||10,000.00||| ||||**Sub Totals**||29,726.61||29,726.61|| ||M&G Charifund Units
purchased 1/5/19|636.716||10,000.00||10,000.00||| ||||**Sub Totals**||10,000.00||10,000.00|| |||**4,101.437**|**Totals**||**39,726.61**||**39,726.61**|| |||||||||| |||||**Current Year**||**Previous Year**||| ||**Assets @ 31/3/25**|||**31st March 2025**||**31st March 2024**||| ||Cambridge & Counties
Bank 1 Year Fixed Rate
Bond Issue 83 4.65%
Maturity Date 06/02/2026|||17,810.37||16,915.00||| ||Cash at bank accounts|||21,223.73||9,985.88||| ||Sundry debtors|||0.00||0.00||| ||||**Sub Totals**||39,034.10||26,900.88|| ||**Less**Sundry Creditors|||(620.00)||(588.00)||Pre-payments for EG25 - £620| ||||**Sub Totals**||(620.00)||(588.00)|| ||||**Totals**||**38,414.10**||**26,312.88**|| ||||**Total Accumulated**
**Funds**||**78,140.71**||**66,039.49**|| |||||||||| |||||**Current Year**||**Previous Year**||| ||**Represented by**|||**31st March 2025**||**31st March 2024**||| ||Balance brought forward||||66,039.49||69,324.72|| ||Plus / (minus) surplus /
(deficit)||||10,692.67||(3,334.28)|| ||||**Total Accumulated**
**Funds**||**76,732.16**||**65,990.44**|| |||||||||| |||||**Current Year**||**Previous Year**||| |**Note B**||||**31st March 2025**||**31st March 2024**||| ||Market value of Charifund
investment a/c 9760 at
financial year end|||3464.721 Units at unit
price £15.18|52,604.86
|3464.721 Units at unit
price £14.56|50,449.11
|Increase in 31/3/25 unit price
attributable to the current status of
the investment markets during this
financial year.| ||Market value of Charifund
investment a/c 2339 at
financial year end|||636.716 Units at unit
price £15.18|9,667.26
|636.716 Units at unit
price £14.56|9,271.09
|Comment in line above applies| ||||||**62,272.12**||**59,720.20**|| |Further information pertaining to the income and expenditure and balance sheets for financial year ended 31st March 2025, is included in the Kent and Sharpshooters
Yeomanry Association Committee Members Annual Report for the period 1st April 2024 to 31st March 2025||||||||| Kent and Sharpshooter5 Yeomanry Association A Charrty Registered wrth the Charrty Commission No 803784 Income ond eX￿ndIt￿￿ sheetforthe fIna￿l81 year ended 31st March 2025 Full Detsil Currentyear Previous Year Comments Notes: Income 31st March 2025 31st March 2024 Grants from Chanties 50_00 200.00 £50 PDC Trust ContriLiution for Website hosting and email accounts Donation from the WCI 1,800.00 Received from KSYR Museum Trust 3.000.00 3,000.00 Subscriptions and Donations by members and Donalons speafically towards the joumal costs 13.994.16 2.945.14 £11 000 brought armss from old C Sqn Branch funds 460.00 330_00 El Gubi 24 Income recÈypts for dinner onty. This is offset by eXpendrtU￿ shosvn below. Merchandising". fies etc 7.218.54 548.10 Previous year shows Table collection onty. This year d(es not Indude this as there was no collection taken. 295.20 395.00 Payment5 under Gift Aid CL4ims in PrOg￿S5 for 2024 and 2025 Crodfund receipt5 foi Guidon COn5etvab'on Guy Farage Presentation in 2024 Donation5 by tnetnber5 and fiiend5 to crowdfunded appeals 2.350.00 850.00 Pre-payments for EG25 620.00 588.00 Sub Totals 27.987.90 1D.656.24 See Investment Re￿ipts IM&G Note A I Cambridge & Counties) 3.711.82 3,332.68 Sub Totals 31.699_72 3.711.82 3.332.68 To1￿$ 31.699.72 13,988.92 Currentyeor P￿VIoUS Year Expenditure Grants to charib.es a organisations 31st March 2025 31st March 2024 1.500_00 1.000.00 £400- SSFA (Kenti £200- YBF £400- KSYRMT Grant £500. Combat Stress Grant5 to the Roydl Britssh Legion induding cost of Teath5 and crosse5 510.10 400.00 El Gubi dinner Expendilure for 2024 Coronation BBQ Printing and postage Annual journal 2024 ststuette for Worshipful Comp8ny of Insurers General expenses 8.847.60 835.90 Previous year shows NE ex nditure onl Nett expenditure onl Minor increase on previous year. Posta nifiG3nt wst driver Presented at EG23 o_oo 4.862.65 2.135.00 4.711.00 0.00 2.550.00 1.010_75 3.936.47 £155.88 forzoom Account £70.15 for Committee Meeting sts £7.85 postage £T16.77 for attendan￿ at Funeral We￿a￿ Committee expenditu £2.125.95 and compassionate assistan￿ £2.150 Presentation and Statuette for Guy Farage 2024. Ties 2023 Wdfare grants 4.275.95 1.000.00 Purchases 0.00 754.83 Totsls 21,007.05 17.323.20 Surplus I (Deficrtl Totals 10.692.67 4,334.28 Currentyear Previous Year Note A Investment Income 31st March 2025 31st Ma￿h 2024 M&C Charifund dividends 3.711.82 2.973.54 ambn ge oun 359.14 11th Dec25 Totals 3,711.82 3.332.68 Kent and Sharpshooter5 Yeomanry Association A Charrty Registered wrth the Charrty Commission No 803784 Balance Sheet forthe financial year ended 31st March 2025 Currentyear Previous Year 31st March 2025 31$t Ma￿h 2024 See Note B Investments at initial cost Units MSG Charifund Unrts purchased 113188 1.991.000 9.726_61 9.726.61 M&G Charifund Unrts purchased 2118189 M&G Charifund Unrt5 purchased 2018105 M&C Charifund Units purchased 3014108 M&G Charifund Units purchased 31110119 162.000 1.000.00 1.000.00 308.347 4.000.00 4,000.00 375.923 5.000.00 5.000.00 627.451 10.000_00 10.000.00 SubTots 29.726.61 29.726.61 MSG Charifund Unrts purchased 115119 636.716 10.000_00 10.000.00 Sub Totsb 10.000.00 10,000.00 4,101A37 Totsl$ 39.726.61 39,726.61 Current Yeor P￿VIoUS Year Assets 3113125 31st March 2025 31st March 2024 Cambndge & Counties Bank 1 Year Fixed Rate Bond Issue 83 4.65. Matunty Date 0610212026 Cash at bank aCC￿nts 17.810_37 16.915.00 21.223.73 9.985.88 Sundry debtor5 0.00 0.00 Sub Totals 39.034.10 28.900.88 Less Sundry Credrtors -620.00 -588.00 Pre-￿Yment5 for EG25- £620 Sub Totals -62D.DD -588.00 Totsls 38.414.10 26,312.88 Total Accurnulated Funds 78.140.71 86.039A9 Current Year Prthryous Year Represented by Balance brought fotward Plus I Iminusl Sur￿￿5 I 31st March 2025 31st March 2024 66.039.49 89.324.72 10.692.67 -3.334.28 Totsl Accumulated Funds 76,73116 65,990A4 Currentyear Previous Year Note B 31st March 2025 31st Ma￿h 2024 M8rket value of Charrfund investment alc 9760 at rinancial year end 3464 721 UThtsHI 52.604.86 WI￿£15.18 3464.721 u￿1$ al 50.449.11 Increase in 3113125 unit price u￿t ptice £14.56 attributa￿e to the current ststU5 of the investrnent markets during this financial year. 9.271.09 Comment in line above applies Market value of Charrfund investment alc 2339 at rinancial year end fj36.716 Unosai un £1&18 9.667.26 ￿.716V￿ts atum £14.56 62,27112 59.720.20 Further information pertaining to the ir￿Orne and expendriure and balan￿ sheets ￿finan￿al year erklad 31st Marth 2025. is induded in the Kent and Sharpshcoters Yeornanry Assoriation Cc*nmittee v￿MberSAnTrUa1 Re￿rt frxthe perirAI 1stApril 2024 to 31st Klarth 2025 Independently examined by J Gunn ACMA 11th Dec25