Army Form N1514 (Rev 11/09)
## Service Non Public Funds Final Accounts, . Managing Trustee's Report, Internal Audit Board Report and Independent Examiner's Report (SORP 2005 compliant). Regimental Accountant Scheme
Unit: HQ RAPTC
Address: McKenzie Bldg, Fox Lines, Queen's Avenue, Aldershot, Hants, GU11 2LB In Respect of the RAPTC Association Fund/Charity
,
Charity Commission/Regulator registered number 1053934 ~~ : For the period from 071 April 23 to 31 Mar 24 Managing Trustee(s) during the period: | From | 01-Apr-2023 30-Sep-2023 | Name _|Lt Col (SMAA) J Hughes RAPTC PO 30-Sep-2023 | to |31-Mar-2024 EE |Name [Lt Col (SMAA) S Semple RAPTC |} From Rs| toaGQName Fund Manager(s) during the period: POE| From | 01-Apr-2023. [to| 31-Mar-2024 |Name_ |Lt Col (Retd) S Collinson [FromRS [CitName [From [ nnitoRD OnnNameGUE internal Auditor(s) during the period: | From |[04-Apr-2023] | to_| 34-Mar-2024 |[Name__][ [Capt][(MAA)][M][Arthur] PO [From [Cito Name [Fromne[ toGs TCRS(NNName
## Associate Auditor(s) during the period:
Associate Auditor RD Associate Auditor QO Associate Auditor
## Regimental Accountant(s) during the period:
| From | _01-Apr-2023_ | to_| 31-Mar-2024 |Name__|MrsJDavis a Rn ns DO GO [From [ to Name PS RsNG [From [Name
1
## Statement of Financial Activities as at 31/03/2024
**----- Start of picture text -----**
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Paxtont+|Page|1|of 1|
|Printed:|17/12/2024|
|Army|School|of Physical Training|RAPTC Association|
|Unrestricted/|Restricted|Endowment|Total Funds|[Previous|Period|
|Designated/GPF|Funds|Funds|Total Funds|
|Funds|
|Incoming|Resources|
|oluntary Income|73,905.99|35.00|0.00|73,940.99|74,608.22|
|Activities|for Generating Funds|0.00|0.00|0.00|0.00|0.00|
|Investment Income|6,227.91|0.00|0.00|6,227.91|807.92|
|Income|Resources|from|
|haritable Activities|388.98|27,139.72|0.00|27,528.70|128,687.57|
|Other Incoming|Resources|0.00|0.00|0.00|0.00|0.00|
|otal|Incoming|Resources|| __80,522.88|||27,174.72|||__—0.00_|__107,697.60_||204,103.71 _||
|Resources|Expended|Cost|of|
|enerating|Funds|
|Investment Management|Costs|0.00|0.00|0.00|0.00|35.00|
|osts|of Generating Funds|0.00|0.00|0.00|0.00|0.00|
|haritable Activities|0.00|0.00|0.00|0.00|90.00|
|overnance|Costs|2,655.87|0.00|0.00|2,655.87|5,768.42|
|rants|and Donations|6,151.52|37,639.16|0.00|43,790.68|48,709.58|
|Other Costs|48,242.00|36,747.58|0.00|84,989.58|90,192.32|
|Total|Resources Expended|| __57,049.39|||74,386.74|||[__—_0.00_|_131,436.13_|]|
|Before Transfers|23,473.49|-47,212.02|-23,738.53|59,308.39|
|SicaResourcesransfers|||ame|[ran ||ow|| ams ||144,795.32 _|sons|
|ross|transfers|between|funds|
|internal|transfers)|~-32,000.00|32,000.00|
|et|Incoming|resources|beforg|
|Fchenmemre|||seus|| asanm|||ew | aarwe|| om|
|Holding|Gains/Losses|
|ains|on revaluation|of the|
|harity's fixed|assets|0.00|0.00|0.00|0.00|0.00|
|nrealised|Gains/Losses|on|
|Net|Movementin|Funds|| ___—‘12,922.32_|||-15,212.02 ||0.00_-|_—-2,289.70_||51,558.94|_||
|Reconciliation|of Funds|
|otal|funds|brought|forward|
|rom|previous year|596,585.59|99,517.41|696,103.00|
|otal funds|carried forward|609,507.91|||84,305.39|||__—-o.00|||693,813.30|||ss|
**----- End of picture text -----**
Paxtont
Balance Sheet ~ March 2024
Page 1 of 3 Printed: 26/07/2024 RAPTC Association
.
.
## Army School of Physical Training
|March|2024|;|||||:||
|---|---|---|---|---|---|---|---|---|
||End oflastyear||||||Balance||
|||FixedAssets|||||||
||430,183.94|Black RockInvestment|||||431,446.98
—|.|
||2.96|95 Day Liquidity|||||30,261.22||
||100,000.00|Treasury Reserve|||||102,298.68||
||530,186.90|TotalFixedAssets|||-|||564,006.88|
|||CurrentAssets|||||||
||165,916.10|Currentbank account|||||129,806.42||
||0.00|Debtors|||||0.00||
||165,916.10|Total CurrentAssets|||||;|129,806.42|
||696,103.00|TotalAssets||||||693,813.30|
|||||||.|||
|||Liabilities|||||||
||0.00|Creditors|||||0.00||
||.
0.00|VAT control|||||0.00||
||0.00|VATpayable|||||0.00||
||||.||||||
||0.00|Total Liabilities||‘||||0.00|
||696,103.00|TotalAssetsMinusLia|jlities|||||693,813.30|
|||Total Funds|||||||
||99,517.41|Total RestrictedFunds|||||84,305.39||
||0.00|TotalEndowment Funds|||||0.00||
||0.00|Total Designated Funds|||||0.00||
||$96,585.59|Accumulated Trading|&GPF||||609,507.91||
||696,103.00|TotalFunds||||||693,813.30|
Paxtont+
Balance Sheet - March 2024
Page 2 of 3 Printed: 26/07/2024 RAPTC Association Association
:
**----- Start of picture text -----**
Army School of Physical Training RAPTC Association Association
seer EEE NE EES STS TE AS TTT
End of last year Balance
Funds Analysis
Designated Funds
0.00 0.00
Restricted Funds
- 756.20 Welfare . 1,531.04
1,439.00 MBS 1,051.00
0.00 RAPTC Reunion 2,785.64.
7,876.93 Corps Sports Grants 9,853.48
7,755.53 ational Memorial Ar oretum 1,237.80
9,528.88 ASCB Grant 10,730.89
3,448.93 Sponsorship 377.98
16,450.93 Dividends for Allocations 17,049.13
12,954.72 Anniversary Events 16,244.91
16,012.87. Garden of Remembrance 1,068.04 |
2,426.11 Branch Allocations 1,713.31
20,075.32 RAPTC Sports Tours 9,162.77
791.99 RAPTC Sports Strips 2,100.00
0.00 Unit Sport / AT / BFS Grants 4,025.00 ©:
0.00 RAPTC Fund 5,374.40
99,517.41 84,305.39
Endowment Funds
0.00 0.00
Trading and General Pur ose Funds
0.00 Trading surplus 0.00
0.00 on Primary Pur ose trading sur lus 0.00
(43,870.66) ‘General Purpose Fund sur lus 12,922.32
(43,870.66) Trading & GPF surplus 12,922.32
640,456.25 Balance at last balance sheet 596,585.59
- $96,585.59 Accumulated Trading & GPF 609,507.91
696,103.00 Grand total : 693,813.30
**----- End of picture text -----**
Signature ofA/C Holder/Fund Manager
**----- Start of picture text -----**
Date Je Qe 2H
**----- End of picture text -----**
Signature of Managing Trustee
Paxtont+
Balance Sheet - March 2024
Page 3 of 3 Printed: 26/07/2024 RAPTC Association
Army School of Physical Training
De End of last year . Balance
Date _2e \oalm
Income and Expenditure - Detailed - March 2024
Page 1 of 13 Printed: 17/12/2024 RAPTC Association
## Paxtont+
## Army School of Physical Training
|March 2024|||
|---|---|---|
||Turnoverthismonth|Turnoveryear to date|
|GPFAnalysis|||
|Income|||
|Voluntary Income|||
|G001 Donations Received|0.00|91.00|
|G003 Day's Pay Scheme|6,381.65|73,814.99|
||6,381.65|73,905.99|
|Activities for Generating Funds|||
||0.00|0.00|
|Investment Income|||
|G125 Bank interest|2,438.23|5,966.69|
|G126 95 Day Interest|96.49|261.22|
||2,534.72|6,227.91|
|Income Resources from Charitable Activiti|||
|TradingIncome|0.00|0.00|
|G150 Miscellaneous|0.00|388.98|
||0.00|388.98|
|Other Income|||
|NonPrimaryPurpose TradingIncome|0.00|0.00|
|G303
Property Appreciation|0.00|0.00|
||0.00|0.00|
|Internal Transfers In|||
|G400 Transfer In (SPF)|0.00|0.00|
||0.00|0.00|
|Gains on Revaluation ofFixedAssets|||
||0.00|0.00|
|Unrealised Gains on InvestmentAssets|||
|G460 Unrealised Gains|0.00|21,448.83|
||0.00|21,448.83|
|GPFTotalIncome|8,916.37|101,971.71|
Paxtont+
Income and Expenditure - Detailed - March 2024
Page 2 of 13 Printed: 17/12/2024 RAPTC Association
## Army School of Physical Training
||||Turnover this month|Turnover this month|Turnover vear to date|
|---|---|---|---|---|---|
|Expenditure||||||
|investment Management Costs||||||
|G500|Bank Charges||0.00||0.00|
|||||0.00|0.00|
|Costs ofGenerating Funds||||||
|||||0.00|0.00|
|Charitable Activities||||||
|Trading costs|||0.00||0.00|
|G600|Welfare for Personnel on|Ops|0.00||0.00|
|G601|Resettlement/Transition||0.00||0.00|
|||||0.00|0.00|
|Governance Costs||||||
|G750|Advertising||0.00||0.00|
|G753|Postage||0.00||2,655.87|
|G754|Reimbursements||0.00||0.00|
|||||0.00|2,655.87|
|Grants and Donations||||||
|||.||||
|G770|Grants||0.00||4,725.00|
|G771|Donations Made||0.00||0.00|
|G772|Field ofRemembrance||0.00||129.70|
|G773|Cenotaph Parade||0.00||1,000.00|
|G774|BranchAllocations||0.00||0.00|
|G775|Association Website||0.00||296.82|
|||||0.00|6.151.52|
|Other|Costs|||||
|Non Primary Trading Costs|||0.00||0.00|
|G800|Insurance||0.00||0.00|
|G801|Sundries||14,205.00||17.288.23|
|G802Engraving& Framing|||0.00|.|310.07|
|G803|Garden ofRemembrance||0.00||0.00|
|G804|Property Depreciation||0.00||0.00|
|G805|Property Transfer||0.00||0.00|
|G806|Write Offs||0.00||0.00|
|G807|Unrealised Loss on Investments||0.00||20,185.79|
|G808|Transport Costs||0.00||0.00|
|G809|National MemorialArboretum||0.00||7,000.00|
|G810|Travel& Subsistence||197.94||3,457.91|
|G811|DressAccoutrements||0.00||0.00|
|||||14,402.94|48,242.00|
|Internal Transfers Out||||||
|G900|Transfers Out||0.00||32,000.00|
|||||0.00|32,000.00|
Paxton+
## Income and Expenditure - Detailed - March 2024
## Army School of Physical Training
Page 3 of 13 Printed: 17/12/2024 RAPTC Association
||Turnover this month|Turnoveryear to date|
|---|---|---|
|Unrealised Losses on Investments|||
|G950 Unrealised Loss on Investments|0.00|0.00|
||0.00|0.00|
|GPF Total Expenditure|14,402.94|89,049.39|
|GPFIncomeOverExpenditure|~5,486.57|{2,922.32|
Paxton+
Income and Expenditure - Detailed - March 2024
Page 4 of 13 Printed: 17/12/2024 RAPTC Association
## Army School of Physical Training
|Paxton+
Income and Expenditure - DetailedDetailed - MarchMarch 2024
Page 4 of 134 of 1313
Printed: 17/12/2024
Army School of Physical TrainingTraining
RAPTC AssociationAssociation|Paxton+
Income and Expenditure - DetailedDetailed - MarchMarch 2024
Page 4 of 134 of 1313
Printed: 17/12/2024
Army School of Physical TrainingTraining
RAPTC AssociationAssociation|Paxton+
Income and Expenditure - DetailedDetailed - MarchMarch 2024
Page 4 of 134 of 1313
Printed: 17/12/2024
Army School of Physical TrainingTraining
RAPTC AssociationAssociation|
|---|---|---|
|———————————————————————£—[==—=[—=—========_=<_—_—_—_—_—
__ ___|||
||Turnover this month|Turnoveryear to date|
|TradingAccountAnalysis|||
|Trading Expenditure|||
|Trading Income|||
|Income Over Expenditure|0.00|0.00|
|Non Primary Purpose TradingAnalysis|||
|Trading Expenditure|||
|Trading Income|||
|IncomeOverExpenditure|0.00|0.00|
Page 5 of 13 Printed: 17/12/2024 RAPTC Association
## Paxton+
## Income and Expenditure - Detailed - March 2024
## Army School of Physical Training
||Turnover thismonth||Turnoveryear to date||
|---|---|---|---|---|
|Restricted FundsAnalysis|||||
|Income|||||
|Voluntary Income|||||
|R300 Welfare|0.00||0.00||
|R301 MBS|0.00||5.00||
|R302 RAPTC Reunion|0.00||0.00||
|R303 Corps Sports Grants|0.00||0.00||
|R306 National Memorial Arboretum|0.00||30.00||
|R310 ASCB Grant|0.00||0.00||
|R312 Sponsorship|0.00||0.00||
|R314 Dividends forAllocations|0.00||0.00||
|R315 Anniversary Events|0.00||0.00||
|R320 Garden ofRemembrance|0.00||0.00||
|R321 BranchAllocations|0.00||0.00||
|R322 RAPTC Sports Tours|0.00||0.00||
|R323 RAPTC Sports Strips|0.00||0.00||
|R324 Unit Sport /AT /BFS Grants|0.00||0.00||
|R325 RAPTC Fund|0.00||0.00||
|||0.00||35.00|
|Activities forGenerating Funds|||||
|R300 Welfare|0.00||0.00||
|R301 MBS|0.00||0.00||
|R302 RAPTC Reunion|0.00||0.00||
|R303 Corps Sports Grants|0.00||0.00||
|R306 National MemorialArboretum|0.00||0.00||
|R310 ASCB Grant|0.00||0.00||
|R312 Sponsorship|0.00||0.00||
|R314 Dividends forAllocations|0.00||0.00||
|R315 Anniversary Events|0.00||0.00||
|R320 Garden ofRemembrance|0.00||0.00||
|R321 Branch Allocations|0.00||0.00||
|R322 RAPTC Sports Tours|0.00||0.00||
|R323 RAPTC Sports Strips|0.00||0.00||
|R324 Unit Sport /AT /BFS Grants|0.00||0.00||
|R325 RAPTC Fund|0.00||0.00||
|||0.00||0.00|
|Investment Income|||||
|R300 Welfare|0.00||0.00||
|R301 MBS|0.00||0.00||
|R302 RAPTC Reunion|0.00||0.00||
|R303 Corps Sports Grants|0.00||0.00||
|R306 National Memorial Arboretum|0.00||0.00||
|R310 ASCB Grant|0.00||0.00||
|R312 Sponsorship|0.00||0.00||
|R314 Dividends forAllocations|0.00||0.00||
|R315 Anniversary Events|0.00||0.00||
|R320 Garden ofRemembrance|0.00||0.00||
|R321 Branch Allocations|0.00||0.00||
|R322 RAPTC Sports Tours|0.00||0.00||
|R323 RAPTC Sports Strips|0.00||0.00||
|R324 Unit Sport
/AT /BFS Grants|0.00||0.00||
|R325RAPTCFund|0.00||0.00||
Paxtont+
Income and Expenditure - Detailed - March 2024
Page 6 of 13 Printed: 17/12/2024 RAPTC Association
## Army School of Physical Training
**----- Start of picture text -----**
|||||||||
|---|---|---|---|---|---|---|---|
|Turnover|this month|Turnover year to|date|
|0.00|0.00|
|Income|Resources|from|Charitable|Activiti|
|R300|Welfare|0.00|85.58|
|R301|MBS|0.00|5.00|
|R302|RAPTC|Reunion|0.00|0.00|
|R303|Corps|Sports|Grants|0.00|0.00|
|R306|National|Memorial Arboretum|0.00|0.00|
|R310|ASCB|Grant|0.00|10,000.00|
|R312|Sponsorship|0.00|0.00|
|R314|Dividends|for Allocations|0.00|17,049.14|
|R315|Anniversary|Events|0.00|0.00|
|R320|Garden|of Remembrance|0.00|0.00|
|R321|Branch Allocations|0.00|0.00|
|R322|RAPTC|Sports|Tours|0.00|0.00|
|R323|RAPTC|Sports|Strips|0.00|0.00|
|R324|Unit|Sport|/ AT|/ BFS|Grants|0.00|0.00|
|R325|RAPTC|Fund|0.00|0.00|
|0.00|27,139.72|
|Other|Incoming|Resources|
|R300|Welfare|0.00|0.00|
|R301|MBS|0.00|0.00|
|R302|RAPTC|Reunion|0.00|0.00|
|R303|Corps|Sports|Grants|0.00|0.00|
|R306|National|Memorial|Arboretum|0.00|0.00|
|R310|ASCB|Grant|0.00|0.00|
|R312|Sponsorship|0.00|0.00|
|R314|Dividends|for Allocations|0.00|0.00|
|R315|Anniversary|Events|0.00|0.00|
|R320|Garden|of Remembrance|0.00|0.00|
|R321|Branch|Allocations|0.00|0.00|
|R322|RAPTC|Sports|Tours|0.00|0.00|
|R323|RAPTC|Sports|Strips|0.00|0.00|
|R324|Unit|Sport|/ AT|/ BFS|Grants|0.00|0.00|
|R325|RAPTC|Fund|0.00|0.00|
|0.00|0.00|
|Total Income|excluding|transfers|0.00|27,174.72|
**----- End of picture text -----**
Income and Expenditure - Detailed - March 2024
Page 7 of 13 Printed: 17/12/2024 RAPTC Association
## Paxton+
## Army School of Physical Training
||Turnoverthismonth||Turnoveryear to date||
|---|---|---|---|---|
|Expenditure|||||
|InvestmentManagement Costs|||||
|R300 Welfare|0.00||0.00||
|R301 MBS|0.00||0.00||
|R302 RAPTC Reunion|0.00||0.00||
|R303 Corps Sports Grants|0.00||0.00||
|R306 National Memorial Arboretum|0.00||0.00||
|R310 ASCB Grant|0.00||0.00||
|R312 Sponsorship|0.00||0.00||
|R314 Dividends forAllocations|0.00||0.00||
|R315 Anniversary Events|0.00||0.00||
|R320 Garden ofRemembrance|0.00||0.00||
|R321 Branch Allocations|0.00||0.00||
|R322 RAPTC Sports Tours|0.00||0.00||
|R323 RAPTC Sports Strips|0.00||0.00||
|R324 Unit Sport
/AT /BFS Grants|0.00||0.00||
|R325 RAPTC Fund|0.00||0.00||
|||0.00||0.00|
|Costs ofGenerating Funds|||||
|R300 Welfare|0.00||0.00||
|R301 MBS|0.00||0.00||
|R302 RAPTC Reunion|0.00||0.00||
|R303 Corps Sports Grants|0.00||0.00||
|R306 National MemorialArboretum|0.00||0.00||
|R310 ASCB Grant|0.00||0.00||
|R312 Sponsorship|0.00||0.00||
|R314 Dividends forAllocations|0.00||0.00||
|R315 Anniversary Events|0.00||0.00||
|R320 Garden ofRemembrance|0.00||0.00||
|R321 Branch Allocations|0.00||0.00||
|R322 RAPTC Sports Tours|0.00||0.00||
|R323 RAPTC Sports Strips|0.00||0.00||
|R324 Unit Sport /AT /BFS Grants|0.00||0.00||
|R325 RAPTC Fund|0.00||0.00||
|||0.00||0.00|
|Charitable Activities|||||
|R300 Welfare|0.00||0.00||
|R301 MBS|0.00||0.00||
|R302 RAPTC Reunion|0.00||0.00||
|R303 Corps Sports Grants|0.00||0.00||
|R306 National Memorial Arboretum|0.00||0.00||
|R310 ASCB Grant|0.00||0.00||
|R312 Sponsorship|0.00||0.00||
|R314 Dividends for Allocations|0.00||0.00||
|R315 Anniversary Events|0.00||0.00||
|R320 Garden ofRemembrance|0.00||0.00||
|R321 Branch Allocations|0.00||0.00||
|R322 RAPTC Sports Tours|0.00||0.00||
|R323 RAPTC Sports Strips|0.00||0.00||
|R324 Unit Sport /AT / BFS Grants|0.00||0.00||
|R325 RAPTC Fund|0.00||0.00||
|||0.00||0.00|
Governance Costs
Page 8 of 13 Printed: 17/12/2024 RAPTC Association
## Paxton+
## Income and Expenditure - Detailed - March 2024
## Army School of Physical Training
——_————<—£—<=_<_[_==[£=£{£{£{£{_£—_—_—_—_—_——_—<_<—_$=—=$—<—<—$_—_—__—_—_—_—
|||Turnover this month|Turnoveryear to date|
|---|---|---|---|
|R300 Welfare||0.00|0.00|
|R301 MBS||0.00|0.00|
|R302 RAPTC Reunion||0.00|0.00|
|R303 Corps Sports Grants||0.00|0.00|
|R306 National MemorialArboretum||0.00|0.00|
|R310 ASCB Grant||0.00|0.00|
|R312 Sponsorship||0.00|0.00|
|R314 Dividends forAllocations||0.00|0.00|
|R315 Anniversary Events||0.00|0.00|
|R320 Garden ofRemembrance||0.00|0.00|
|R321 BranchAllocations||0.00|0.00|
|R322 RAPTC Sports Tours||0.00|0.00|
|R323 RAPTC Sports Strips||0.00|0.00|
|R324 Unit Sport /AT /BFS Grants||0.00|0.00|
|R325 RAPTC Fund||0.00|0.00|
|||0.00|0.00|
|Grants and Donations||||
|R300 Welfare||2,000.00|8,810.74|
|R301 MBS||-5.00|-360.00|
|R302 RAPTC Reunion||0.00|~-2,785.64|
|R303 Corps Sports Grants||152.00|6,971.68|
|R306 National MemorialArboretum||0.00|0.00|
|R310 ASCB Grant||0.00|3,527.35|
|R312 Sponsorship||0.00|3,000.00|
|R314 Dividends forAllocations||0.00|0.00|
|R315 Anniversary Events||0.00|0.00|
|R320 Garden ofRemembrance||0.00|1,015.26|
|R321 BranchAllocations||0.00|12,280.23|
|R322 RAPTC Sports Tours||0.00|7,912.55|
|R323 RAPTC Sports Strips||0.00|1,691.99|
|R324 Unit Sport / AT /BFS Grants||0.00|975.00|
|R325 RAPTC Fund||0.00|-5,400.00|
|||2,147.00|37,639.16|
|Other Costs||||
|R300 Welfare||0.00|0.00|
|R301 MBS||0.00|8,258.00|
|R302 RAPTC Reunion||0.00|0.00|
|R303 Corps Sports Grants|.|0.00|0.00|
|R306 National MemorialArboretum||0.00|9,192.82|
|R310 ASCB Grant||0.00|5,270.64|
|R312 Sponsorship||0.00|70.95|
|R314 Dividends forAllocations||0.00|0.00|
|R315 Anniversary Events||0.00|0.00|
|R320 Garden ofRemembrance||0.00|13,929.57|
|R321 BranchAllocations||0.00|0.00|
|R322 RAPTC Sports Tours||0.00|0.00|
|R323 RAPTC Sports Strips||0.00|0.00|
|R324 Unit Sport /AT / BFS Grants||0.00|0.00|
|R325 RAPTC Fund||0.00|25.60|
|||0.00|36,747.58|
|TotalExpenditureexcludingtransfers||2,147.00|74,386.74|
## Internal Transfers
Income and Expenditure - Detailed - March 2024
## Paxton+
## Army School of Physical Training
## Page 9 of 13 Printed: 17/12/2024 RAPTC Association
||Turnover this month|Turnover year to date|
|---|---|---|
|R300 Welfare|0.00|-9,500.00|
|R301 MBS|0.00|-7,500.00|
|R302 RAPTC Reunion|0.00|0.00|
|R303 Corps Sports Grants|0.00|-8,948.23|
|R306 National MemorialArboretum|0.00|-2,645.09|
|R310 ASCB Grant|0.00|0.00|
|R312 Sponsorship|0.00|0.00|
|R314 Dividends forAllocations|0.00|16,450.94|
|R315 Anniversary Events|0.00|-3,290.19|
|R320 Garden ofRemembrance|0.00|0.00|
|R321 BranchAllocations|0.00|-11,567.43|
|R322 RAPTC Sports Tours|0.00|3,000.00|
|R323 RAPTC Sports Strips|0.00|-3,000.00|
|R324 Unit Sport
/AT /BFS Grants|0.00|-5,000.00|
|R325 RAPTC Fund|0.00|0.00|
||0.00|-32,000.00|
|RestrictedfundsIncomeOverExpenditure|-2,147.00|~15,212.02|
Paxton+
Income and Expenditure - Detailed - March 2024 Page 10 of 13 Printed: 17/12/2024 Training RAPTC Association
|||||Printed: 17/12/2024|
|---|---|---|---|---|
|Army School ofPhysicalTraining||||RAPTC AssociationAssociation|
||Turnover this month|||Turnover year to date|
|Designated FundsAnalysis|||||
|Income|||||
|Voluntary Income|||||
||||.||
|||0.00||0.00|
|Activities forGenerating Funds|||||
|||0.00||0.00|
|Investment Income|||||
|||0.00||0.00|
|Income Resources from Charitable Activiti|||||
|||0.00||0.00|
|Other Incoming Resources|||||
|||0.00||0.00|
|TotalIncomeexcludingtransfers||0.00||0.00|
Paxton+
Page 11 of 13 Printed: 17/12/2024 RAPTC Association
## Income and Expenditure - Detailed - March 2024
## Army School of Physical Training
||Turnoverthismonth||Turnover year to date||
|---|---|---|---|---|
|Expenditure|||||
|Investment Management Costs|||||
|||0.00||0.00|
|Costs ofGenerating Funds|||||
|||0.00||0.00|
|Charitable Activities|||||
|||0.00||0.00|
|Governance Costs|||||
|||0.00||0.00|
|Grants and Donations|||||
|||0.00||0.00|
|Other Costs|||||
|||0.00||0.00|
|Total Expenditure excluding transfers||0.00||0.00|
|Internal Transfers|||||
|||0.00||0.00|
|DesignatedfundsIncomeOverExpenditur:||0.00||0.00|
' Paxtont
Income and Expenditure - Detailed
- March 2024
Page 12 of 13 Printed: 17/12/2024 RAPTC Association
## Army School of Physical Training
||Turnover this month||Turnover year to date||
|---|---|---|---|---|
|Endowment FundsAnalysis|||||
|Income|||||
|Voluntary Income|||||
|||0.00||0.00|
|Activities for Generating Funds|||||
|||0.00||0.00|
|Investment Income|||||
|||0.00||0.00|
|Income Resources from Charitable Activiti|||||
|||9.00||0.00|
|Other Incoming Resources|||||
|||0.00||0.00|
|TotalIncomeexcludingtransfers||0.00||0.00|
Paxtont
Income and Expenditure - Detailed - March 2024
Page 13 of 13 Printed: 17/12/2024 RAPTC Association
## Army School of Physical Training
||Turnover this month||Turnover year to date||
|---|---|---|---|---|
|Expenditure|||||
|InvestmentManagement Costs|||||
|||0.00||0.00|
|Costs ofGenerating Funds|||||
|||0.00||0.00|
|Charitable Activities|||||
|||0.00||0.00|
|Governance Costs|||||
|||0.00||0.00|
|Grants and Donations|||||
|||0.00||0.00|
|Other Costs|||||
|||0.00||0.00|
|Total Expenditure excluding transfers||0.00||0.00|
|Internal Transfers|||||
|||0.00||0.00|
|EndowmentfundsIncomeOverExpenditu||0.00||0.00|
Notes to the accounts (Paras 2 to 12 are to be completed by all funds which have a gross income of £100K or over and those funds already registered with the Charity Regulator, all other funds are to complete Paras 6 and 7 and the declarations at Para 12):
1. Principal Accounting Policies
a. Accounting Convention. The financial statements are prepared under the historical cost convention as modified by the inclusion of investments at market value and in accordance with applicable accounting standards. In preparing the financial statements the charity follows best practice as set out in the Statement of Recommended Practice "Accounting and reporting by Charities" (SORP) 2005 (http:/Awww.charitycommission.gov.uk/investigations/sorp/sorp05docs.asp)
b. Incoming Resources. Income is recognised in the period in which the charity is entitled to receipt, and the amount can be measured with reasonable certainty. Grants from other agencies including donations and other income from activities are in furtherance of the charity's objects and are part of the general funds of the charity. A restricted fund is only recognised where this is an agreed and explicit condition of the grant or donor.
C. Intangible Income. Due to the close collaborative relationship and the manner in which the charity's activities compliment those of the Army, intangible income, reflected in time and use of premises is not quantifiable or measurable and so is not recognised in the accounts.
d. Resources Expended and Basis of Allocation of costs. Expenditure is included when incurred or exceptionally where a commitment is made which requires an accrual when payment is to be made in the subsequent accounting period. Similarly, where prepayments are made in recognition of commitments falling due in a subsequent accounting period, the appropriate credit is entered in the accounts and reversed the following year. Grants payable are included in the SOFA when approved by the Managing Trustee. Expenditure is recognised in the period in which it is incurred. The majority of costs are directly attributable to specific activities. Irrecoverable VAT is charged to the annual report and accounts.
e. Governance Costs. Governance costs are the costs of professional advice, holding trustee meetings or committee meetings associated with decision making, any fee for audit or independent examination and any fee incurred in the preparation, statutory filing, printing or copying of the annual report and accounts.
f. Capitalisation and Depreciation of Tangible Fixed Assets. All assets having a purchase value of more than £500 are capitalised. The cost of tangible fixed assets are written off by equal annual instalments over their expected useful lives using the following methods of depreciation: Furniture, fixtures and equipment - Straight Line over a period of 2 - 10 years. Motor vehicles - Straight Line over a period of 2 - 10 years.
Assets with a life of more than one year but with a purchase value of below £500 are included within the inventory but the cost is written off in the year it is incurred and is not depreciated over the useful life of the asset. Where the asset is depreciated over a period of more than 10 years, details of the item and period are to be provided following the notes on page 13.
g. Fixed Asset Investment. Fixed asset investments are included at market value at the balance sheet date. Any gain or loss on revaluation is shown in the Statement of Financial Activities (SOFA) on page 2.
7
h. Stocks. Purchased stocks are valued at the lower cost or net realisable value making due allowance for any obsolete or slow-moving items.
- i. Funds Accounting. Funds held by the charity are:
(1) General Purpose/Unrestricted/Designated Funds. These are funds that can be used in accordance with the charitable objects at the discretion of the Managing Trustee. Designated funds are unrestricted funds which have been allocated/earmarked for a particular purpose by the Managing Trustee and are to be declared in the Managing Trustee's comments in accordance with Para 12 to these notes stating what they are intended to be used for and when.
(2) Endowment Funds. Endowment funds are those investments and other gifts accepted by the unit, the capital sum or property being held in perpetuity and the income only being available for charitable use.
(3) Restricted Funds. These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is to be included in the notes to the accounts.
j. Heritage Assets. In the course of the unit's history, the charity may have acquired gifts, memorabilia, regalia, silverware, antiques and other historical artefacts in the course of distinguished military service in service of the Crown. The value of these pieces is in large part derived from their close association with Regimental history which precludes the use of conventional valuation techniques being applied. Whilst the objects of the charity do not specifically include preservation and conservation, the pieces represent an essential element of celebrating the unit's history and foster esprit-de-corps. Consequently the Managing Trustee considers the charity to hold heritage assets both for functional use and as an element of national history on behalf of the nation. Heritage assets acquired prior to 1 Apr 06 are therefore not capitalised on the balance sheet but a description of those assets is disclosed as part of the notes to the accounts. Heritage assets acquired after 1 Apr 06 where the purchase price is known and which exceed £500.00 are included in the balance sheet at acquisition value but are not depreciated.
K. Other Costs. Other costs are those costs not incurred in the undertaking of charitable activity in furtherance of the objects of the charity, i.e. the provision of facilities, recreational programmes or activities in furtherance of military efficiency. They are also costs incurred in the making of grants and donations, in the costs of generating funds, i.e. the costs incurred in trading or fundraising undertaken by the charity, or in governance costs.
8
2. Grants Made. (if total grants are over 5% of the charity's total expenditure).
## The charity made the following grants/donations:
**----- Start of picture text -----**
Grants to institutions
Name of institutions Purpose Total number of Total amount of
granis given grants paid
Total grants tomsttutins| ——SsSC~dYSC(CSSSSSCSC~*S
**----- End of picture text -----**
**----- Start of picture text -----**
Grants to individuals
**----- End of picture text -----**
**----- Start of picture text -----**
Purpose Total number of Total amount of
grants given grants paid
Total |8.00
**----- End of picture text -----**
## 3. Related Party Transactions & Remuneration and Expenses
Whilst the charity has a close working relationship with the Army, there are no transactions with the Army which require disclosure under SORP 2005. The only transactions made by the charity in favour of the unit are wholly attributable to the charitable activities of furthering military efficiency. The Managing Trustee is an officer or equivalent and fulfils the role as trustee in accordance with the applicable laws and regulations. No expenses have been paid to the trustee. In the event that expenses have been paid to the trustee these are disclosed under the Managing Trustee's comments.
## 4, Analysis of Capital Property
**----- Start of picture text -----**
Fixtures Motor Total
fittings & vehicles
equipment
£ g £
0
P PurchasesBalance b/f |8.00
| Saes@wiOsDepreciation |8.00| 8.00
Balance ci Poof tof.
**----- End of picture text -----**
9
5. Total Value of Investments by Category
**----- Start of picture text -----**
||||||||||
|---|---|---|---|---|---|---|---|---|
|Carrying|value|(market|value|at|beginning|of year|430,183.94|
|Add|additions|to|investments|at cost|(investments|purchased)|PO|
|Less disposals|at carrying|value|(investments|sold)|PO|
|Add/(deduct)|net|gain/(loss)|on|revaluation|(gain/loss|at end|of|1,263.04|
|accounting|period/audit)|
|Carrying|value|(market|value)|at end|of year|431,446.98|
**----- End of picture text -----**
## Breakdown of Market Values at
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|Year End|GPF/|Restricted|||Endowment|Total|Income|
|Unrestricted|value|during|year|
|Value|£|
|Investment|properties|
|0.00|
|Investments|listed|on|a|recognised|
|stock exchange|0.00|
|investments|held|in|unit|trusts|or|other|
|collective|investment schemes|0.00|
|Investments|in|subsidiary|or connected|
|undertakings|and|companies|0.00|
|Securities|not|listed|on|a|recognised|
|stock exchange|0.00|
|Cash|held|as|part|of the|investment|
|portfolio|0.00|
|Other|investments|
|0.00|
|Total|
|0.00|
**----- End of picture text -----**
6. List of Debtors
Date of Debt
**----- Start of picture text -----**
Total 0.00
**----- End of picture text -----**
* There are no amounts falling due after more than one year (delete as appropriate).
7. List of Creditors
**----- Start of picture text -----**
||||
|---|---|---|
|Date|of|Credit|
|Total00|
**----- End of picture text -----**
**----- Start of picture text -----**
PN
**----- End of picture text -----**
* There are no amounts falling due after more than one year (delete as appropriate).
10
8- Paid Employees
**----- Start of picture text -----**
This year £ | Last year £
Gross wages paid a
Employer's National Insurance paid a
Pension Contributions paid a ie
Total staff costs|_——0.00|__0.00
the number of employees who were engaged in each of the following activities:
This year £ | Last year £
Costs of generating funds a i
Charitable activities a i
Total 0.00] 0.00)
**----- End of picture text -----**
## Give the number of employees who were engaged in each of the following activities:
No individual employee received a salary of over £60,000.00
## 9. Governance Costs
Audit or independent examination fee
**----- Start of picture text -----**
This year £ | Last year £
i ie
**----- End of picture text -----**
## 10. Restricted/Endowment Funds
Give details of the movements of the individual funds summarised in the restricted and endowment column of the Statements of Financial Activities (SOFA).
**----- Start of picture text -----**
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Fund|Name|Fund|Bal|B/F|{Incoming||Outgoing|Transfers|Gains|and|[Fund|Bal|C/F|
|Resources||Resources|losses|
|for|period|{for|period|
**----- End of picture text -----**
‘Net transfers out and net losses are to be entered as negative figures.
44
A brief explanation as to the nature and purpose of the charity's Restricted Funds is to be provided.
|Name of Restricted Fund|Name of Restricted Fund|Name of Restricted Fund|Purpose of fund|
|---|---|---|---|
||||The provision of financialtD111:G129 assistance in|
|Welfare|||support of welfare and benevolence to eligible|
||||Association Members.|
|RAPTC Association Annual Journal
.
oo
(Mind, Body and Spirit (MBS))|||Funds for publishing and distributing theRAPTCAnnual
Journal to maintain an archive of RAPTC evenat and
age
.
activities and enhance esprit-de-corps.|
||||Welfare grants to enhance esprit-de-corps for serving|
|Sports /AT Grants|||Association members through sports and adventurous|
||||training.|
||||Funds for the biennial remembrance service at the NMA|
|National Memorial|Arboretum (NMA) _|||to enhance the wellbeing and esprit-de-corps for|
||||Association members.|
|Sponsorship|||Sponsorshipmoney received tosupportRAPTC sports
teams.|
||||Income from Association investments to be used for the|
|Dividends For Allocation|||good and benefit of Association members. Allocated|
||||annually by the trustees.|
||||Funds and donations to be used for the developmnet or|
|Garden of Remembrance|||maintenance of RAPTC Association Garden of|
||||Remembrance.|
|RAPTC Association||Biennial Reunion|Funds fortheRAPTC Biennial Reunionto enhance the
wellbeing and esprit-de-corps for Association members.|
||||Funds to be used for the RAPTC Association milestone|
|Anniversary Events
y|||anniversaries (every 10 years) forthe positive benefit of
Association members, therebyenhancing their wellbeing|
||||and reinforcing esprit de Corps,|
||||Funds allocated to the Regional Association Branches,|
|Branch Allocations|||Officers' Mess and WOs' & Sgts' mess to enhance the|
||||wellbeing of Association members and their dependants|
||||Funds allocated to offset the cost of RAPTC Sports|
|RAPTCSportsTours|||teams conducting Overseas Sports Visits(OSVs)
thereby enhancing the wellbeing of our serving|
||||Association members.|
|.
RAPTCSports Strips|||Funds allocated to purchase sports strips forRAPTC
Sportsteamstherebyenhancing theirweilbeing.|
||||Funds held specifically to provide a small grant to help|
|Unit Sport / AT / BFS Grants|||offset the personal contribution of a serving member|
||||when participating in a Unit OSV, AT Exped or BFS.|
||||Funds held specifically for use by HQ RAPTC to deliver|
|RAPTC Fund|||initiatives that promote the RAPTC and the RAPTC|
||||Association,therebyenhancingespritdecorps.|
11.+A’ Heritage Assets
Heritage assets that are owned by the charity but purchased/acquired prior to 1 Apr 06 are not included in the charity's capital property value (see note 1.j). A list/description of these assets is below:
## 12. Declarations
All of the charity's commitments are provided for in the accounts.
No guarantees have been given to third parties.
The charity has not received any loans that are outstanding at the year-end and secured on assets.
The charity has not granted any loans to institutions or companies connected with the charity.
The charity did not make any ex-gratia payments during the year.
Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with the restrictions imposed.
The financial activities, assets and liabilities of all the charity's branches or sections have been included.
The trustees have not changed the year end date or the length of the charity's financial year.
12
The charity has no designated funds (if there are designated funds the reason for designation and when each designated fund is intended to be used by is to be stated in the Managing Trustee's report).
All the charity's operations are continuing operations and there were no operations discontinued or acquired during the year.
No funds (unrestricted, designated, restricted or endowment) are in deficit at the balance sheet date.
The charity has no intangible assets.
There were no inter-fund loans outstanding at the balance sheet date.
None of the charity's functional fixed assets have been re-valued during the year and the charity does not have a policy of revaluation of these assets.
The charity has no subsidiary companies.
The charity has no material fixed assets which have not been capitalised and included in the balance sheet.
eerments:
All investments held are investment assets in the UK unless otherwise stated.
Note: Where any of the declarations are not correct they are to be crossed out and details provided in the Managing Trustee's comments.
## Additional comments:
This is the first Financial Year (FY) that has been fully delivered using PAXTON+ accounting software. Manual Accounting had been used for several years previously
Signature: SULa) \ Name Lt Col (Retd) S D Collinson
Date: 26 Jul 24
Fund Manager (Regimental Accountant Scheme)/Account Holder (Audit Board Scheme)
14
## Internal Auditor's/Audit Board Report
1. *lMWe have examined the books of account and records from which the final accounts were prepared and have obtained all the information and explanations that were necessary for the purpose of *my/eur internal audit.
## 2. *lAWe certify that end of period checks have been conducted in accordance with Service Funds Regulations.
3. Subject to the observations given below *| amAve are satisfied that proper books of account have been kept and that the final accounts give a true and fair view of the results of transactions over the period and of the state of the Fund's affairs as at the date of the balance sheet. Subject also to *my/our observations *| am/ we-are satisfied that cash and bank balances and stocks on hand have been properly checked at prescribed intervals and that adequate insurance exists.
4. *IAWe have stamped the original books of account and the original records *lAve have checked. All vouchers relating to this account have been cancelled.
5. *|We have made the following observations whilst carrying out the internal audit:
- a. Previous observations *Rave/have not been actioned (list those observation outstanding).
1. The account has been managed through Continuous Audit and | have conducted auditing checks on a rolling monthly basis
2. There are no debtors or creditors.
3. All Restricted Funds remain relevant and are sustained at appropraite levels.
4. All expenditure supports the delivery of the Fund's Objects
5. Insurance remains appropriate for the Funds assets and activities.
6. An area that is currently being worked on is the close association between the RAPTC Museum and the RAPTC Association with regards the property holdings between the two funds. An in-depth review of all Property held by the two funds is in progress, albeit slowly. At the end of the review, all property will be recorded and attributed correctly in accordance with SFRs.
**----- Start of picture text -----**
Date: LZLf2R/2G.
**----- End of picture text -----**
**----- Start of picture text -----**
—- “
Signature A___—
Name Capt (MAA) M Arthur RAPTC
Appointment SO3 Policy & Plans
**----- End of picture text -----**
19
## Managing Trustee's Annual Report and Comments: Unit HQ RAPTC
## Fox Lines, Queen's Avenue, Aldershot, Hants, GU11 2LB In Respect of the RAPTC Association Charity Commission/Regulator registered number 1053934
## Fund/Charity
Description of the charity's trusts
## This should include:
a. Details, including date if known of the charity's governing document (e.g. trust deed, will, constitution etc): and
## b. A brief explanation of the charity's objects.
|Where applicable, you may|choose to give details of any specific investment powers of the charity.|
|---|---|
|Governing Document (e.g.||The RAPTC Constitution was last ratified in 2019 and is due to be reviewed in|
|Trust Deed, Constitution)|2024. A set of Internal Rules supports the Constitution and were also Approved in|
||2019 and due for review in 2024. The RAPTC are currently in discussion with the|
||Charity Commission to look at linking the RAPTC Association and RAPTC|
||Museum Charities. This piece of work is scheduled for Qtrs 3 & 4 of FY 24-25 and|
||will require a full review and ratification of all Governing Documents.|
|Objects of the Charity|a.
Maintaining contact between past and present members of the RAPTC, the|
||AGS, APTS andAPTC (hereinafter referred to jointly as the RAPTC).|
||b.
Fostering esprit de corps, comradeship and welfare of the RAPTC and|
||thereby preserving its traditions.|
||c.
Assist, either generally or individually, pastand present members of the|
||RAPTC and their dependants, who are in conditions of need by virtue of financial|
||hardship, sickness, disability or the effects of old age (hereinafter referred to as|
||beneficiaries).|
||d.
Supporting the formal Ministry of Defence (MoD) policy for Resettlement and|
||assisting RAPTC Association Life Members to find employment on their transition|
||to civilian life and for the remainder of their working life.|
||e.
The commemoration and remembrance of those members of the RAPTC|
||who have died while on active service and the encouragement of public|
||recognition of the sacrifice made by such persons.|
|Explain briefly how trustees|are elected or appointed and details of any induction and trustee training|
|attended.||
|Trustee selection|RAPTC Association Trustees are appointed [AW the RAPTC Constitution through|
|method|a nomination, interview and voting process.|
|Trustee induction and|Induction training is organised and facilitated through recognised providers as and|
|training|when required. All Trustees are provided with a copy of the Charity Commission|
||Booklet - The Essential Trutsee: What You Need To Know, What You Need To|
||Do.
,|
|Explain aboutwhatthe charity is trying to do and how it is going about it. You are only required to provide|Explain aboutwhatthe charity is trying to do and how it is going about it. You are only required to provide|Explain aboutwhatthe charity is trying to do and how it is going about it. You are only required to provide|Explain aboutwhatthe charity is trying to do and how it is going about it. You are only required to provide|Explain aboutwhatthe charity is trying to do and how it is going about it. You are only required to provide|Explain aboutwhatthe charity is trying to do and how it is going about it. You are only required to provide||
|---|---|---|---|---|---|---|
|a briefsummary||summary of the main activities and achievements of the charity during the year in relation to its|||||
|objects.|||||||
|Summary of main|||||The RAPTC Association provides and maintains a worldwide communication||
|activities|||in relation to||network which helps facilitate the provision of welfare and benevolence support|for|
|the|Charity's objects||||all Association members (serving and retired) and theirdependants thereby||
||||||enhancing the esprit-de-corps and the preservation of the RAPTC traditions.||
|Summary|||of the main||The Association has continued to provide welfare and benevolence support for our||
|achievements of the Charity||||||serving members and veterans.||
|during|9|the|y|year.|The RAPTC Association fullyfunded a very successful Biennial Service of||
||||||Commemoration at the RAPTC Memorial in the grounds of the National Memorial||
||||||Arboretum with over 140 members and dependants attending the event.||
||||||The Association was represented atthe Field of Remembrance and provideda|full|
||||||marching contingent at the Cenotaph Remembrance Service and march past.||
||||||Costs forthose attending were offset with Association funds.||
||||||The RAPTC Association held an all ranks (serving and retired) Corps Dinner in||
||||||honour of the King's Coronation with over240 attendees.||
||||||The Association commissioneda silver bust of HM Queen Elizabeth II in||
||||||recognition of her reign. The silver piece will be housed in the RAPTC Museum||
||||||and displayed forCorps events and occasions.||
||||||The RAPTC Association have continued to support the RAPTC Museum,||
||||||AssociationBranchesandCorpsSportsteamswithannualgrants.||
Provide a brief review of the financial position of the charity. This should include the principle types of income
|Financial|Review|We continue to receive voluntary contributions from our serving members through|
|---|---|---|
|||the Days Pay Giving Scheme. Following a turbulent period for the stockmarkets,|
|||the Association Investments in the Armed Forces Charities Growth & Income Fund|
|||held with BlackRock are now beginning to recoverand are performing better,|
|||returning quarterly dividends which are used forthe good and benefit of our|
|||members. We continue to meet our expenditure needs and have suffcient|
|||reservesshouldwerequireit.|
The Managing Trustee should give in their report a description of the following policies:
a. For the selection of investments for the charity. b. For determining the level of income reserves held, stating and explaining the level of reserves held. Cc. Where grants are made by the charity, the selection of individuals and institutions who are to receive grants out of the assets of the charity. Financial reserves The Association has a Treasury Reseve Account which holds approximatley a policy year's worth of expenditure. These funds could be drawn from, but only in extremis and with the authorisation of the Trustees. Investments selection The Association's investments are held within the BLK Armed Forces Charities policy and Growth & Income Income Fund and is managed by BlackRock on behalf of the performance of those Trustees. BlackRock provide investment updates and trustees attend biannual investments stakeholder meetings. The investments did not perform well in the first three quarters, but this is now improving. Dividend income has been consistent and has increased this year. Dividend income is allocated annually by the Trustees for the positive benefit of Association members.
Provide the name of all trustees/the Managing Trustee(s) during the report year.
|Managing Trustee's|Brig JW Taylor, Lt Col
S Semple, Lt Col M Field, Maj R Bailey, Maj R Windard,|
|---|---|
|name/trustees' names|CaptA Jessey,WO1 D Brwon, Col (Retd)
| Horn MBE, Lt Col (Retd) G Davies|
||QGM, Maj (Retd)
G Chapman, Maj (Retd) D Kerridge, Maj (Retd) J Larkham, Maj|
||(Retd) C Wilkinson, Mr D Smith.|
|_||
|Public Benefit|The fund provides public benefit by assisting service personnel to more effectively|
|Statement|perform their roles within theArmed Forces ofthe Crown. Itdoes this by; Providing|
||and supporting sporting and adventurous training activities and Association|
||Branches. This assistance enables service personnel to face challenges and|
||dangerassociated with military service by developing and maintaining teamwork;|
||skills; fitness (physically and mentally); confidence; character; spirit and attitude;|
||and morale. As a result the fund promotes the efficiency of the Armed Forces of|
||the Crown by enhancing the British Army's capability to undertake the roles|
||demanded of it, including the defence of the United Kingdom and its interests. This|
||assistance also provides support to our Association Branches for the benefit of|
||retired personnel.|
||(| confirm that | have paid due regard to the Charity Commission of England|
||and Wales’s guidance on public benefitwhen deciding what activities the|
||charityshouldundertake.)|
## *delete as appropriate.
Additional comments (include any declarations which were not correct (Pg 12/13)):
To maximise income from high interest rates, the Trustees continue to approve the deposit of £100,000.00 in a Treasury Reserve Account, allowing the interest to accrue.
In addition, the Trustees have approved a smaller deposit into a 95-Day Notice Liquidity Account, again to make best use of high interest rates being offered by our bank.
Dividend Income accrued quarterly is held in a Restricted Fund until the Trustees allocate it annually for specific activities. The Trustees approved the transfer of funds from within this Restricted Fund to other Restricted Funds in order to deliver those selected purposes.
Lt Col (Retd) S D Collinson and Mrs J Davis are to be thanked for their diligent and consistent management of the Association Account.
**----- Start of picture text -----**
Date: 2b loz zy
**----- End of picture text -----**
**----- Start of picture text -----**
Signature To €
Name Lt Col (SMAA) S Semple RAPTC
Appointment RAPTC SMAA
**----- End of picture text -----**
Headquarters Royal Army Physical Training Corps - RAPTC Association
SO2 SPS — Independent Examiner’s Report on the Accounts, and Comments 1. Direction 1: Check whether the charity is eligible to have an independent examination. I’ve used the guidance summary at para 2114 of the SFRs to ensure independent examination by the Comd/SOQ2 SPS is authorised.
2. Direction 2: Check for any conflict of interest that prevents the examiner from carrying out their independent examination. | declare that | have not acted as IA or had any other involvement in the day to day running of a service fund (é.g., in a previous assignment) within the last three years.
3. Direction 3: Record your independent examination. A record of associated documents used for this audit is being stored along with the report and accounts.
4. Direction 4: Plan your independent examination. As the examiner | obtained the relevant constitution, objectives, organisational structure, the funds managed, its activities and accounting records and systems prior to conducting my examination.
## 5. Direction 5: Check that accounting records are kept to theto the required standard.
> . a. As the examiner | satisfied myself that all relevant PAXTON+/AB 397 accounting records and subsidiary books are maintained and up to date, including an examination of transactions carried within the fund during the fund’s last G1 audit.
b. | have checked that the 6-monthly FM/Trustee internal financial controls checklist (British Army) was completed (see Annex B to Chapter 2 of these regulations.
.
6. Direction 6: Check that the accounts are consistent with the accounting record. As the IE | looked at the final accounts to see if they reveal any unusual items, unexpected fluctuations or inconsistencies.
7. Direction 7: Check that the Charity is operated in line with the accruals basis of accounting. The accounts are prepared on an accruals basis and the relevant checks have been made to confirm that the charity accounting complies with the accruals method of accounting. Wherever deviation may exist, guidance was provided to the MT and are recorded within this report. _
8. Direction 8. Check the reasonableness of the significant estimates and judgments and accounting policies used in accounting for the types of funds held and in the preparation of the accounts. | have checked:
a. | The general accounting policies of service fund have been agreed with the Charity Commission and are listed in the AF N1514. |
.
b. — Any significant income expectations listed in the Managing Trustee’s Financial Reviews in previous accounting periods are noted and their continued receipt considered against future planned expenditure where appropriate. Cc. | checked that separate funds of the charity have been correctly accounted for and reported correctly in the accounts.
.
d. I checked to ensure that no material breach of trust has taken place in the use of charitable funds in the reporting period e.g., use of monies in a restricted fund for a purpose outside of the restriction.
.
9. Direction 9. The examiner must check whether the trustees have considered the
financial circumstances of the charity at the end of the reporting period and, if the accounts are prepared on an accruals basis, check whether the trustees have made an assessment of the charity’s position as a going concern when approving the accounts.
- ;
a. The IE should consider if the service fund remains viable for future accounting periods.
b. Consider the worth of the service fund over the periods of previous AF N1514s — Consider if the worth of the fund reduced over an extended period.
:
C. I’ve considered the worth of the service fund over the periods of previous AF N1514s and assessed if the worth of the fund reducing over an extended period.
d. Debtors and Creditors have been examined and guidance provided to FM where necessary.
10. Direction 10. Check the form and content of the account. | have:
a. The service fund accounts and AF N1514 complies with SORP and the minimum accounting standard required (SOFA, balance Sheet and completed notes to the accounts).
- b. | Checked for the correct completion of the AF N1514.
11. Direction 11. Direction 11 directs independent examiners to identify items from the analytical review of the accounts that need to be followed up for further explanation or evidence. ;
a. Any follow up action or request for further explanation can be found at paragraph 13 below.
|
## 12. Direction 12: | have compared the trustees’ annual report with the Accounts.
## Comments
.
13. The IA comments are noted. | have the following comments, some of which requires action:
- a. Unit are requested to contact HQ SE SPS Branch to enact a name change on the unit’s PAXTON account — name change required from Army School of Physical Training to HQ RAPTC.
- b. There is no evidence that the fund has paid its insurance premium during the audit period, fund officials are to ensure that the fund is adequately insured in accordance with SFRs, a matter of urgency considering the worth of the fund.
- c. Unrealised loss on investments have been accounted for under G807 (other costs) and should have been accounted for under the G950 series. Any further unrealised losses on investments are to be accounted for under the G950 series to appear on the correct area of the SOFA.
- d. Para 5 of the notes to the accounts do not reflect the same figures as shown on the balance sheet in relation to Investments held.
Date: 07 Aug 24
.
Independent Examiner's Signature
## Name:
Appointment:
**----- Start of picture text -----**
Maj SP Adcock AGC(SPS)
SQO2 SPS, HQ Southeast
**----- End of picture text -----**
**----- Start of picture text -----**
~N osox ~The Royal Army(Registered PhysicalCharity TrainingNumber: Corps1053934) Association Veoeis
a % Headquarters Royal Army Physical Training Corps oO y Se
ARMY Mackenzie Building, Fox Lines, a ? a)
Queens Avenue, ALDERSHOT
Hampshire, GU11 2LB
**----- End of picture text -----**
## EXECUTIVE COMMITTEE TRUSTEES
## Chair: Brigadier JW Taylor MBE Vice Chair: Lieutenant Colonel S Semple
## Members:
Lieutenant Colonel GM Field, Major R Bailey, Major R Windard, Captain A Jessey, Warrant Officer Class One D Brown, Colonel (Retired) | Horn MBE, Lieutenant Colonel (Retired) G Davies QGM, Major (Retired) G Chapman, Major (Retired) D Kerridge, Major (Retired) J Larkham, Major (Retired) C Wilkinson, Mr D Smith
## Regimental Secretary: Lieutenant Colonel (Retired) SD Collinson
## CHAIR’S ANNUAL STATEMENT
## 1 April 2023 to 31 March 2024
Introduction. | take great pleasure and pride in preparing this Annual Statement as Chair of Trustees having assumed the appointment in September 2023 when my predecessor, Brigadier Edward Chamberlain, stood down from the appointment prior to retirement from the Army.
With 6-months in appointment, I’ve met many members of the Association, both serving and retired, attended and chaired my first two RAPTC Association Executive Committee meetings and enjoyed the ‘family’ atmosphere of several Association events.
Governance. The RAPTC Association Executive Committee acts on the behalf of all Association Members to control the activities and finances of the RAPTC Association. Our charity is comprised of fourteen Trustees (seven serving ‘ex officio’ members and seven veteran volunteer members) and they carefully and diligently discuss the many different issues that fall under the Objects that the Charity maintains. Having been a Trustee of my own former cap badge (The Royal Fusiliers), | can see we toy with very similar issues and concerns. | am pleased to report that | believe the Association is being well run, is financially stable and has the best interests of its members at the forefront of its business.
Trustees. Our seven retired Trustees, some having been re-elected for a further period of 4-years, remain extant. Our serving Trustees are tied to their military appointments (ex officio) and during the last 12-months the following individuals have moved on: Brigadier Edward Chamberlain, Lieutenant Colonel Jason Hughes and WO1 (Corps Sergeant Major) Duncan Southern-Naylor. In their place, as well as myself, we have welcomed Lieutenant Colonel Sean Semple and WO1 (Corps Sergeant Major) Dan Brown. For those that have moved on, we are grateful for their contribution in shaping Association business during their respective tenures.
Regimental Secretary. The RAPTC Association’s Regimental Secretary, Lieutenant Colonel (Retired) Steve Collinson has completed his second year in appointment and is progressively reviewing all areas of Association business; bringing his observations and recommendations to the Trustees for their subsequent discussion, deliberation and decision before implementing any change.
Page 1 of 4
Finance. The Association’s finances are broadly in three parts — working capital, deposit accounts and investments. The working capital and deposit accounts are managed and administered in accordance with Service Funds Regulations; the investments are managed on our behalf by BlackRock within a much larger portfolio called the Armed Forces Charities Growth and Income Fund.
Working Capital. The level of working capital held in the Association’s business accounts continues to meet our planned expenditure.
Our primary source of income is generously provided by the serving cohort through the Day’s Pay Giving Scheme. | must also highlight the funding we continue to receive annually through a grant from Army Sport which helps fund RAPTC Sport, freeing up Association funds for other purposes. We also generate income through bank interest, dividend income from our investments and donations from our members, for which we are very grateful.
Deposit Accounts. As well as funds we have deposited in a 12-month Treasury Reserve Account attracting a good rate of interest, the Trustees have also deposited funds in a 95Day Notice Account, again drawing a higher rate of interest than leaving the funds in our Business accounts. The Trustees continuously look at the financial climate and consider the best options to maximise the productivity of our funds. The deposit accounts provide a twotiered security blanket that capitalises on strong interest rates and provides financial resilience looking forwards.
Investments. Following a particularly poor investment period due to a volatile geo-political environment globally since 2022, the start of 2024 has seen some stability return to the investment market and the performance of the portfolio we invest in has delivered a small amount of growth.
Despite the turbulence in the stock market, we continue to receive a quarterly dividend payment from BlackRock. The dividend income has increased during FY 23-24 and continues to be disbursed by the Trustees across several areas of Association business; including grants to Association Branches and Messes, Corps Sport, the Biennial Service of Commemoration at the National Memorial Arboretum (NMA); as well as building a specific fund for significant (Decennial) anniversary activities.
Accounts. The Regimental Secretary, supported by Mrs Jade Davis, are responsible for the day-to-day management of our accounts and | would like to express my gratitude for their diligent and effective management. Our end of year accounts have been independently audited and accompany this Annual Statement.
Benevolence and Welfare. Requests for Benevolence are very few in comparison to other Regimental and Corps Associations. Nevertheless, the last 12-months has seen our relatively few applications double and the expenditure increase proportionally, a situation which we may see endure for some time to come.
The RAPTC Welfare Committee considers all applications, which are given significant scrutiny and deliberation. | thank the Welfare Committee for their time, confidentiality and commitment to ensure our members receive support when it is most needed.
Welfare is described as supporting an individual’s well-being and when considering welfare for ail Association members, the Trustees have authorised grants to support our Regional Branches, the two Messes, Corps Sports Teams and Association events such as the Service of Commemoration and the King’s Coronation Dinner.
Association Branches. With Committees comprising of pure volunteers, our Regional Association Branches continue to provide outstanding support throughout the UK. They are there providing the ‘local touch’ for our members. They organise regional activities, dinners and
Page 2 of 4
reunions, always striving to bring the ‘Corps Family’ together. They support the funerals of Association members through attendance and by providing a standard bearer, as well as helping the bereaved family with advice on what the Association can offer in support of the funeral arrangements. | must, therefore, sincerely thank them on everyone’s behalf for everything they do to keep in contact with our veteran community and encourage the camaraderie that makes our Corps Family so unique and so special.
Similarly, we have a small group of overseas contacts who provide a conduit for our members that reside overseas. They provide a valuable service in keeping our whole cohort abreast of what is happening within the Corps and Association back in the UK and | thank them for their vital contribution to our communication processes.
RAPTC Association Service of Commemoration. With the cancellation of the Biennial Reunion in September 2022 due to the passing of HM Queen Elizabeth II, the Service of Commemoration at the National Memorial Arboretum (NMA) on Sat 16 Sep 23 was the first time the Corps had assembled together since the same event in 2021. Officially designated as the date | assumed the appointment of Commandant RAPTC from Brigadier Edward Chamberlain, it was a memorable occasion and one which clearly demonstrated to me the family ethos that runs deep within the Corps — | was proud to be there as Commandant RAPTC and Chair of the RAPTC Association Executive Committee.
RAPTC Association Annual Awards. The Service of Commemoration at the NMA also provided a perfect platform at which to present the RAPTC Association Awards for 2023. The Colonel Commandant was delighted to present the Awards and gavea particularly heartfelt address, during which he thanked Brigadier Edward Chamberlain for his commitment and dedication to the Corps during his time as Commandant. The Annual Awards continue to recognise and celebrate the wealth of talented and highly capable members we have within our Association.
King’s Coronation Dinner. Following the King’s Coronation earlier in the year, the opportunity to hold an All Ranks (Serving & Retired) Association Dinner in Fox Gymnasium was too good to miss. Over 240 Association Members sat down to a fantastic evening in the spiritual home of the Corps. It was a great night, | thoroughly enjoyed the occasion whilst meeting members of the Corps for the first time. As with all events like this, it wouldn’t have been the night it was without a Committee to pull it all together and | would like to thank Capt (MAA) Al Harris and his team fora first class evening.
Field of Remembrance and Cenotaph Parade. Early November is traditionally our time of Remembrance and | was very grateful to those members of the Association that represented the Corps at the Field of Remembrance at Westminster Abbey on Thu 9 Nov 23 and those that marched as a contingent on the Cenotaph Parade on Sun 12 Nov 23.
Garden of Remembrance. Newly refurbished in early 2023, the Garden of Remembrance is maturing well. There continues to be interest in Association Members that have passed away having their ashes scattered in the Garden and a plaque to their name being installed in the Summerhouse. The Regimental Secretary is doing a sterling job of maintaining the Garden as a tranquil space and has hosted several families as they scatter the ashes of their respective family member.
Queen Elizabeth Il Silver Bust. The Trustees commissioned a sterling silver bust of HM Queen Elizabeth Il. The bust was presented to the Trustees at their Executive Committee Meeting in March 2024. It is now on display in the RAPTC Museum and will be used occasionally as a centrepiece for Dinner Nights.
RAPTC Museum. Our Museum Curator, Mr Jarrod Steadman, is rapidly maturing into his role and getting to know the Corps and its history. Working with the Regimental Secretary, they are developing a long-term improvement plan for the Museum which aspires to further improve the visitor experience whilst showcasing the Corps’ rich history in the best way possible. The long-
Page 3 of 4
term plan is moderately ambitious and will require funding support over a 10-year period to realise its full potential — the journey has begun.
Despite being a separate charity, the RAPTC Museum is very closely aligned with the RAPTC Association and the Association provides an annual grant to the Museum so that we can continue to preserve our heritage and our history. Having scoped the option with the Charity Commission, a merger of the two charities is not feasible, however there may be scope to formally link the two charities and this initiative will be considered by both sets of Trustees at forthcoming meetings and, if approved, will be taken forward in the next reporting period.
Conclusion. My time as Commandant RAPTC and Chair of the RAPTC Association Executive Committee has just begun and | am already enjoying my responsibilities and the journey | have embarked on with RAPTC Association. | am very much looking forward to the remainder of my tenure and meeting many more members as | attend Corps events.
adier JW Taylor MBE Chair of the RAPTC Association Executive Committee
Page 4 of 4