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← Worthy Down Pri Fund

2024-03-31-accounts

Additional comments (include any declarations which were not correct)

This audit period has been extended to fall in line with the funds held within the unit, resulting in a 17-month period. | support the Internal auditors’ comments and instruct the PRI FM to take the necessary action to clear the observations NLT 30 Jun 24.

Date: D5Hay 24

Signatur Name: Lt Col F Dowling ~ Appointment: Managing Trustee

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Statement of FinancialActivities Statement of FinancialActivities Statement of FinancialActivities Statement of FinancialActivities Statement of FinancialActivities as at31/10/2023 as at31/10/2023 as at31/10/2023 7
' Paxton+ Page of
Printed: 17/01/2025
WORTHYDOWN SUPPORTUNIT PRI
Unrestricted/
Designated/GPF		 Restricted
Funds		 Endowment
Funds		 TotalFunds [Previous Period}.
TotalFunds
Funds
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Incoming Resources
oluntary Income 0.00 2,239.63 0.00 2,239.63 5,176.69
ActivitiesforGeneratingFunds 427.00 0.00 0.00 427.00 - 886.50
. {InvestmentIncome 7,263.65 — 0.00 0.00. 7,263.65 141.26
Income Resources from
haritableActivities 58,463.04 49,109.63 . 0.00 107,572.67 117,803.45
OtherIncoming Resources 2,243.22 68,008.08 0.00 70,251.30 74,776.16
68,396.91 119,357.34 _-0.00. _187,754.25
Resources Expended Cost of
Generating Funds
InvestmentManagementCosts 10,000.00 0.00 0:00 10,000.00 0.00
osts ofGeneratingFunds ‘
0.00		 © 0.00 0.00 0.00 0.00
CharitableActivities 56,001.92 93,770.17 0.00 149,772.09 85,666.01 —
Governance Costs
©		 421.39 517.44 0.00 938.83 1,024.39
Grants andDonations 3,136.26 0.00 0.00 3,136.26 4,711.57
Other Costs
‘		 1,740.50 100,683.98 0.00 102,424.48 71,521.73
otalResourcesExpended 71,300.07 194,971.59 __—-0.00_- 266,271.66
Net Incoming/Outgoing ;
ransfers
ross transfers between funds
internal transfers)
Net Incoming resources before
holding gains and losses		 -2,903.16 -75,614.25 -78,517.41 35,860.36
Holding Gains/Losses
ains on revaluation ofthe
charity's fixed assets 0.00 0.00 0.00 0.00 0.00
Unrealised Gains/Losses on
investment assets -1,517.68 0.00 0.00 -1,517.68 -3,125.05
NetMovementinFunds -4,420.84 -75,614.25 0.00 —_-80,035.09
Reconciliation ofFunds
otal funds brought forward
from previousyear
otal funds carried forward		 127,113.61
122,692.77		 132,288.84
56,674.59
0.00-

Statement of Financial Activities as at 31/03/2024

Paxton+

Page 1 of 1 Printed: 09/04/2024 PRI

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |WORTHY DOWN|SUPPORT UNIT|PRI| |Designated/GPF|Funds|Funds|Total|Funds| |Funds| |ee| |Incoming|Resources|;| |oluntary|Income|0.00|205.20|+|0.00|205,20|2,239.63| |Activities|for Generating Funds|282.50|YI,|0.00|0.00|282.50|427.00| |Investment|Income|1,437.45|»|0.00|0.00|1,437.45|7,263.65| |Income Resources from|/|}| |haritable|Activities,|21,468.20|“||7,909.00|“|.|0.00|29,377.20|107,572.67| |Other Incoming|Resources|20.00|“||54,126.91|/|0.00|54,146.91|70,251.30| |Total Incoming|Resources|||-23,208.15|“62,241.11|||0.00|[85,449.26|||187,754.25 || |Resources|Expended|Cost|of|||—|-_|,|BS| |Generating|Funds|.| |Investment|Management|Costs|0.00|0.00|0.00|~|0.00|10,000.00| |osts|of Generating|Funds|0.00|0.00|4|0.00|0.00|0.00| |haritable Activities|19,375.22|4|8,507.82|~|0.00|27,883.04|149,772.09| |overnance|Costs|394.31~|0.00|0.00|394,31|938.83| |rants|and|Donations|3,401.81|0.00|||0.00|3,401.81|3,136.26| |Other Costs|#16119|49,372.90|é|0.00|49,211.71|102,424.48| |Total|Resources|Expended|||_23,010:15-| 57,880.72|||—0.00.||__80,890.87||266,271.66 || |Resources|Before Transfers|198.00|J|4,360.39|4,558.39|-78,517.41| |ransfers|i.|i| |eet|[||one|[om|||am|||esa|[sna| |Gross|transfers between|funds|é|:| |internal|transfers)|0.00|0.00| |Net Incoming|resources|before|—| |par|am|||ond|||ow|||mw|| aa| |Holding|Gains/Losses|a|| |ains|on|revaluation|of the| |harity's|fixed|assets|0.00|0.00|0.00|0.00|0.00| |investment|assets|.|0.00|0.00|~|0.00|0.00|~1,517.68| |||Net|Movementin|Funds|||——s198.00_[|4,360.39|||0.00 ||4,558.39 ||-80,035.09||| |Reconciliation|of Funds|—|| |fromotal previousfunds|brought year|forward|122,692.77|56,674.59|179,367.36| |otal funds|carried|forward|122,890.77|||61,034.98|||—0.00—||183,925.75|||

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Worthy Down Support Unit — PRI

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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/SO2 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 (e.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.

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  1. 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 the to 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).

  1. Direction 6: Check that the accounts are consistent with the accounting record. As the IE | examined the final accounts to ascertain if they revealed any unusual items, unexpected fluctuations or inconsistencies. ,

  2. 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.

  3. 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 the 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. — | 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.

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  1. 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.

Cc. l'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.

  1. 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).

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

  1. The IA comments are noted. | have the following comments, some of which requires action:

  2. a. Itis acknowledged that the fund is registered with the Charities Commission, income for this audit period does not exceed the threshold required for registration. Fund Officials should consider de-registering the fund.

  3. b. Unrestricted Other Costs on the SOFA reflect a negative figure (-£161.19), this is attributed to G803 Returned Contributions. Unit should take rectification action as required.

  4. c. Numerous Restricted Funds have had no movement during the year. Fund officials should satisfy themselves that funds remain for use under the funds governing document, reviewed and distributed accordingly if not.

  5. d. IA refers to an investment profit of £312.37 (para 14) however this is not reflected on the SOFA under Unrealised gains on investment assets. Any gain on an investment should be recorded under G460.

Date: 18/06/2024 Independent Examiner's Signature

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Name:
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Appointment:

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Molen
Maj SP Adcock AGC(SPS)
SQ2 SPS, HQ Southeast
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