Sgrvice NonknPublic Funds Final Accoun Managing Trustg8's Report. Internal Audit Board R•port and Indep￿dent Exarnlnorfs Report (SORP 2005 CA)mpliant) Regimontal Accourtant Schem• Army Fomi N1514 (Rev 11109) Unit: Infantry Trainlng Centre Catteric4( Vimy Barracks, Catterick Garrison. North Yorkshire DL9 3PS PRI Address: In resp8cI of the: FundlChaR Charity CommissionlRewlator registered number. For the period from 01 November 2024 1129830 31 October 2025 Managlng Trust•è(6l durfng th• perf¢)d.. From 01 N0￿mber 2024 to 31 Octobor 2025 Nam• Lt Col PJ From Name From Fund Managerfs) durfng tho Fwiod: From 01 November 2024 to 26Au ust 2025 Name u Dura RGR Frorn 27Au ust 2025 31 Octob•r 2025 Namfr . Suresh Sambaham From to Namo Internal Audttor{s) durfng the p•riod: From 01 November 2024 to 31 October 2025 Name Ms S Bateson From to From to Assoclat• Auditor(s} during th• porlod: Associate Audftor Mrs D Rutter- Dra (ott and Kirk Chartered Accountants Reglmental Accountant{s) durlng the perfod: From 01 November 2024 31 Octobor 2025 Name Mrs A Clar* From Name From to Slitcmcnt of fin•llelal Ae¢ivide5 as at 31110n025 Pag¢lofl Printed: 31110n025 02 PRI Pxxton+ Infint TNlnln Ctntre UnTestriduV tksigDatrdlGPF FwM15 ReoJidd Fut Totsl Funds Prnious Peric%1 Totsl Funds otomint Rts¢wr¢es oluntary In¢ome ¢liviiies for C*ne¥alin8 Fund5 ny¢s￿e￿ Income In¢ome RcyMwcc5 from Chwit4b divitics In¢omiTh RtsoDr¢ei 0191 IR¢ohThl Resoxrees Expended Cost of 16.759.9J 1,714.75 5,549.51 119.19133 o. 875.41 o. 135.95128 29J.784.75 6.424.92 59,439.73 435.46633 13,109.72 97101.24 530.Eil os )1.4tyJ.g) 3.￿)0.￿0 41 1162Y2.14 3.530AQ 983.69 97J12A9 220.10 77 o. Inve51rnEnl Mw¢m¢ni Costs osts of Generntin8 Fund5 harit&blr Aclivili¢s v¢rnanc¢ Costs rathts and DonxioDS eT Costs otsl Resouyeos Ex llded ¢t lTr¢omlnglOufgolJz Rse investments and other gifts accepted ty the unit. G8pital sum or property being held in perpetuity and the income only being availabl8 for charitsble 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 vh)en funds are raised for parboJlar restrtcted purposes. Furthenexplanation of tha nature arKI purpos8 of each fund is to be incI￿jed in the notes to the accounts. Herita e Assets. In the course of the unit's history. th8 tharity may have acquired gifts, memorabilia. regalia, silverware. ant*4ues and other historical artefacts in the course of distinguished military service in service of the Crown. The value of these pieces is in Earge part derived from their dose association with Regimenlal history which procludes the use of conventional valuation techniques being applied. Whilst the objects of the charity do not specifically include preservation and consepiation. the pi8ces represent an essential element of celebrating the unit's history and foster esprit-dewcorps. Consequently the Managing Trustee c￿siderS the charity to hold heritage assets both for fijnctional use and as an element of national htstory on behalf of Ihe nation. Heritage assets acquired prior to 1 Apr 06 are therefore not capitalis6d on the balance sheet but a description of those assets is disclosed as part of the notes to the ac(>Junts. Heritage assets acquired after 1 Apr 06 where the wrchase price is known and which exceed £500.00 are included in the balance sheet at acquiSit￿n value but are not derKeciat8d. Other Costs. Olher costs are those costs not incurred in the undertaking of charitable activity in furtherance of the obj.ects of the charity. i.e. the provision of facilities. recreational programmes or activities in furtheran¢e of military efficienw. They are also costs inCu￿ed in the making of grants and dOnat￿)nS. in the costs of g8ngrating funds. 1.8. the costs Incurred in trading or fundraising undertak8n by the charity. or in governan￿ costs. Grants Made. (if total grants are over 5% of the chariVs total expenditure). The chanty madé the following grantsl(lonations: Grants to institutions Name of inslitutions Purpose Totsl number of rants iven Total amount of rants NIL NIA Total grants to institutions 0.00 Grants to individuals Purpose Total number of rants Nen Total amount of rants aid 0.00 NIL Total 0.00 Related Pa Transactions & Remuneration arrtl Ex Whllst the charity has a dose w(xking relationship with the Amy. there are no transactions with the Amiy which require disclosLKe under SORP 2005. The onty tranSaC￿n5 made by th8 charity in favour of th8 unit ar8 wholly attributable to the charitsble activities of furthering military efficiency. The Managing Trustee is an officer or equivalent and fulfils the role as trustee in accordance wtth the applicable laws and regulations. No expenses have been paid to the trustee. In the event that expenses have be8n paKI to the trustee these are disdosed under the Managing Tntstee's ￿)rnments. Ana sis of Ca ital Pro Fixtures. frttings & equipment Motor vehicles Total Balance blf Purchases Sales & WIOS r￿ation Balance CM 3289.60 549.00 0.00 1263.00 2575.60 0.00 0.00 0.00 0.00 3289.60 549.00 1263.(Xi 2575.60 io Total Value of Investmenls b Cat Value £ in value market value at innin Add additions to investments at cost investments Less dis osals at ca valu8 investments sokl Addl(deduct) net gainl(loss) on revaluation (gairvloss at end of accounti riodlaudit value market value 0.00 0.00 0.00 0.00 at end of 0.00 Breakdown of Market Values at Year En GPFI Unrestricted Value £ Restricted ErKJovmient Total value Value £ Incom8 durin ar Value £ Value £ Value £ Investment properties Investments listed on a recognised stock exchan Investments hekl in unit Irusts or other collective investment schemes Investments In subsidiary or connected undertakings arKJ Com anies Securities not Irsted on a recognised Stock Exchan Cash held as part of the inv8strn8nt rtfolio Other investments 0.00 0.00 0.00 0.00 0.00 Total 0.00 0.00 0.00 0.00 List of Debtors Debtor D6btor- Misc Date of Debt Amount 31 Oct 25 25.00 Total ' There are no amounts fallirvJ due after more than one year (delete as appropriate). List of Creditors 25.00 Creditor Bèatin Retreat B TF-Normand ITC Boxin JOOCPF Dale ol Credit Amount 31-Oct-25 717.54 -1128.90 39446.77 290.00 39326.31 Total . There are no amourrts falling due after m¢xe than one year {del8le as aN)ropriate). Paid Em lo Gross wa aid lo erfs National Insurance Pension Contributions This ar£ 0.00 0.00 0.00 Last ar£ 0.00 0.00 0.00 Tt)lal stsff costs 0.00 0.00 Give the number of employees who were engaged in eath of the followin This activities: ear Last Costs of eneratin Charitable activities other funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total No Individual employee received a salary of over £60000.1)0 Govemance Costs This Last ar£ 0.00 Audit or inde ndent examination fee 0.00 10. Restrict8dl t Funds Give details of th8 movements of the individual funds summarised in the restri(X8d and éndowment column of the Statements of Financial Activities (SOFA). Fund Nam• Fund Bal Incomlng Outgolng Galns and Fund Bal- cffi 1 ITB 21TB HQ BN ITC REME ASC BABAJI COY PARA COY GDS COY SCOTS ADVENTURE TRG RIFLES SPORTS CHURCH FUND FAMILIES FUND GOLF FUND WELFARE VEHICLE Qms FUND VENDORS FUND ANZIO COY 2 ITB JR RANKS FUND VIMY JR RANKS FUND TOTALS 8571.16 10884.44 1758.95 130.89 4055.95 1887.54 1631.03 3372.02 1531.53 1910.84 2558.42 2281.45 747.93 5519.63 872.52 892.46 402.01 3710.81 135.53 0.00 0.00 52855.11 13647.95 16398.28 8000.00 618.00 5958.64 3314.71 11050.00 8617.62 1504.00 0.00 3318.15 14806.05 0.00 15248.50 730.00 28333.00 917.00 2475.00 72.00 4313.85 2184.89 141507.64 4801.03 20789.38 7226.79 747.00 7316.53 4773.76 6347.66 7804.49 1081.57 840.00 4573.12 10279.02 1169.57 50.00 18587.65 i 5373.77 2532.16 1169.57 D.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 . 2698.06 428.49 6333.37 4185.15 1953.96 1070.84 .45 808. .53 11210.34 33.28 -9870.18 919.01 5537.04 207.53 4313.85 2184.89 66515.56 9557.79 1569.24 39095.64 400.00 648.77 0.00 0.00 0.00 127897.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1169.57 0.00 1219.57 12 A brief explanation as to the nature and wrpose of ts tharity's RestrK*wJ FuTrJs is to be wovided. . Nam• of R￿trIct￿ Fund 11TB 21TB HQBn REME Drums Baba'l Co Para Co Gds Co Scots Adventure Trainin Rifles Provide amenities and Welfare Su rt to 1 ITB MilFta Personnel Provide am8nities and Welfare Su rt to 2 ITB Milila Personnel Provide amenities and Welfare Su ort lo HQ Bn Milita Personnel Provide amenities and Welfare Su rt to REME Miltta Personnel Provide amenities a￿1 Welfare Su ort to ASC Miltla Personnel Providé amenities and Welfare Su rt to Baba i Miltta Personn81 Provide ameniti'es and Welfare Su orl to Para Co Milita Personnel Provide amenrties and Welfare Su ort to Gds Co Milita Personnel Provide amenities and Welfare Su rt to Scots Milita Personnel Provide Adventure Trainin to all Milits Personnel Provide amenities arKI Welfare Su rt to Rifies Millia Personnel Provide all s rtin acttvities to milita rsonnel Provide welfare su ort to Milita OM81 Prowde amenities and welfare su ort to Milila Provide olfin activities to Milita ersonnel Provide Welfare trans rt to all milita ersonnel Provide amenities and wèlfare su ort to Qms Milita ersonnel Sellers at POP donate moniès for the PRI. used by SQM to improve facilities a￿1 R8ttUit Welfare. To rovide amenities and Welfare su (￿t to Anio C Now closed wef 31 Oct 25 Now dosed wef 31 Oct 25 Church Families Fund Golf welfa￿ Vehide Qms Fund Vendors Fund Families Anao Co 2 ITB Junior Ranks Wim Is Junior Ranks rsonnel Tita e Assets. Heritage assets that are owned by the charTty bth purchasedlacquired prior to 1 Apr 06 are not included in the charity's capital property value (se8 note 1.j). A lisudescription of ttrftse assets is below". 12. Dedarations All of the chanty's commrtments are provided for in the accounts. No guarantees have been given to third partie& Thé chartty has not received any loans that are outstanding at the year*rKI secured on assets. The charity has not granted any loans to institutKns or companies connected with the charfty. The charity did not make any ex-gratia payments during th8 year. Sufficient resources are held In an appropriate fom to enable each fund to be applied in accordan￿ with the restrictions imposed. The financial activitses. assets and liabilitiès of all the charitys branches or sectlons have been Included. The tntstees have not changed the year erKI date or the lerw of the d￿rity'S financial year. 13 The chanty has no designated funds (rf there are designated funds th8 reason for designation and when each designated fund is intended to be used by is to be stated in the Managing Trustee r8POrt). All the charity's op8rations are continuing operalbms and tr*re were no operations dlscontinued or acquired during the year. No funds (unrestricted. designated. restricted or er￿) are in deficit at the balance sheet date. The charity has no intsTrJible assets. There were no inter-fund loans outsts1￿1Th￿ at the balance sheet dale. None of the charity's functional fixed assets have been rtrvalued during the year and the charity do8s not have a policy of r8vaILo￿n of these assets. The charity h88 no subsidiary companies. The charity has no material fixed assets which have not baen cawlalis8d and induded in the balance sheet. No intemal transfers hav8 occurred out of restrictedlendowment funds. In event that a transfer has tsken place, full details of the reason for th8 transfer are disclosed in the Managing Trustee's comments. All investsnents hdd are investment assets in the UK unless otherw5se ststed. Note: Where any of the dedaratiorts are not ￿￿re¢l. they are to be crossed out and details provided in th8 Managing Trustees comments. 14 Additional comments: The Net Working Capitsl of the fund is more than sufficient f¢x tr18 needs of the fund. We hold quarterfy Managing Trustee Meetings, where wè determine whethar the indNidual Bn RF'S require an uplift. Additionally. a review of subscxiptions is conducted at least twice a year durirg these meetings. l am currenty content V*ith the subscriptions and that the fvnds are being managed accordIng￿. Property checks have been undertakirYJ throughout the financ4al year. Insurance is adequate for the fund, however a full valualion of all propety contsined wilhin the Establishment Funds is being organised. Insurance for each Fund will then be assessed bas8d on the valuations and amended a¢cordingty. I have no further comment Signatur8: Name: ' Suresh Sambaham he Date: vc Fund Manager (Regimental Accountant Sch8me} l Account Holder {Audit Board Schemè) pointment Is Managlng Trusts•'s Annual Report and Comments: Infanty Training Centre. Cattwidt Vimy Barracks. Catterick Gaffison. North yorkshi￿ DL9 3PS FundlGhaHty Unit: Address: In Respect of the: PRI Charity name and Charity CommissionlRegulalor registered number. Description of the charity's trusts 1129830 This should include: D8iails, includirvJ date rf kThJwn of the charity's goveming doojment (e.g. trust deed, will, constitution etc): and A brief explanation of the charivs objects. Where appli1￿ble, you may choose lo give detsils of any speafic investment ￿werS of the charity. PRI Constitution Doufflwnt date 07 Jul 2016 and formally adopted at Committee Meeling Governing Document (e.g. Trust Deed. Constitution) Objects of the Charity The prwolh?n of efficiency of the Amied Forces of the Crown by the pro%ision ar￿ support of faciliti8s and adivities for the efficiency and well- of service rsonnel. Explain briefly how trustees are elected or app)inted and details of any induction and tru5tge training attendéd. Trustee selection method In accordanc8 With Queen's Regulations for the Amiy 1975, chapter 5, the Commanding Officer HQ Bn is designated as Managing Trustee for this Service (Charitable) Fund. Trustee induction and training The Managing Trustee Lt Col Morgan has attended the Commanding offi￿rS Designate Course (CODC) on 23106123. The Fund Manager, Maj Suresh Sambaharnphe cx>mpleted his online FM e- learni on 17 Jun 25 16 Explain aboLrt what the c*arity is ty'ng to do and how it is going about it. You are only required to provide a brief summary of ts main activities and achievements of charity during the year in relation to its objects. Summary of main activities in relation to the Charity's objects The funds objects are based on tt)e need to maintsin th8 moral component rf Fighting Power and Unit cohesTron thn)ugh thè development and maintenancè of Regimental ethos. The maintenance of a broader Regimental ethos is fundamental to the way Offi￿r$ and soldiers are recruited. Retained. and developed. It is achieved throwJh a combination of Regimental dinner nights, seasonal functions and lunches to achieve cx)hesion and reinfor¢e Regimental boThls and in wrchasing ttems to mark important Regimentsl dates and events a￿nd im roved the lived e erience of our workforce. In line with its objectives. the fund has supported several social and sportir¥J events this year. Summary ofmain achievements of the Charity during the year BeatiTrJ of the Retreat Families Day Children's Halloween Paty Boxing Night Ex Frosted Blade Children's Xmas Paty Tour Provide a tfief review of the finarKial posthon of lh8 d￿rity. This shouhj include the wncipal types of income. Financial Review The Funds finances remain healthy and there has not been an undue accumulation of funds dLwing this audit period. The wimary source of income is derived from rnembership subscrlptions and sho The Managing Trustee shouhj give in their repcKI a description of the following policies: For the selection of investments for the charity. For determining the level of income reserves held. stating and explainiThJ the level of reserves hekl. Whem grarrts are made by the charity. the selectK)n of individuals arKI institutions wlK¥ are to receive grants out of the assets of the charity. Finanual res8rves policy My direction to the FM is lo ensure that there is sufficient income to meet expeTrJiture. and this inckKles foreI￿StIng large expenditure and raisin9 income acccKdingty. l am ojnfortable with the tolal worth of the fund to rise in line with inflation and any excess of Income over Expenditure s￿luk1 not exceed 5% without furth8r explanalion. I hwrfe set th8 finan(ial reserrfe limit to £5k; before any expenditur8 is committed tt)at will resuft on the furKI dipping below this thres1￿ld it will uire m rior a roval. Inv8strnents selection policy and perfomiance of thos8 investments. NIA 17 Provide the name of all trusteeslthe Managing Trustee(s) durlng the report year. Lt Col P J Morgan, Ll Col A Whitaker. Lt Col B Salt, Ll Col B Jesty. Lt Col J Cronin. W01 (RSM) C O'Brien. W01 (RSM) B Young Managing Trustee's namellru3tees' name8 Serious Incidents None Public Benefit ststement This fund provides public benefft by asslstlng service personnel to perfonn more effectively perforni withln the Amied Forces of the Crown. It does thi8 by pmwding and supporting sports events. adventure trainirwJ aTrJ welfare activities. This assistance enables servic8 personnel io face the Ghallenges and danger associated with milttary Se￿l¢e by developing and Maintaining teamwo￿. skills; rrtness" c(Jffidence, tharacter. spirit and atttlude,. and morale. As a result. the fund womotes the efficiency of the Armed Forces of the Crown by enhancing the British Amiy's capabilty lo undertake the roles demanded of rt induding the defence of the Untied Kingdom and ts intsrests. I confirm that I have paid due regard to the Charity Commission of En9larvJ and Wales's guidance ￿ publ•c benefit vthen deciding what activities the charity strw)uld undertake. 18 Additsork21 cx)mments (include any declaratims which were rK)t c￿e¢t (Pg 12113)): Overall, this is a well-run fund that is vrtal to the mora18 of the Estabbshment for the pennanent staff and recruits alike. Net Wothng Capital is considered to be at the ritht18vel for our requirements, arKI this will continually be reviewed as we adjust our operatirYJ model at ITC. Subscriptions will continue to be revie4ved on a ts4nnual basis as stated by the FM but are currentty where they need to be. I have no further comment or observations to make. Synature: Ll Col PJ Mor Date: Appointsnent COHQBnlT 19 Intornal AudltrfslAudlt Board Rewt "IAWO hav8 examTned the book5 of account ar￿ records from whith the final accounts were prepared and have obtained all the infomation arKI expknations that were necessary for the purpose of 'myleuF intemal audit. "Irwo Certify that end of per￿ checks have been CryKluctsd in accordance with Service Funds Regulations. Subject to the observations given bekyw l amA%w" satisfied that woper 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. Subj'ect also to 'myleuF observations "l aMIwfra￿ satisfied that cash armj bank balances arKI stocks on hand have begn properly checked al prescribed interrfals and that adequate insuran(x exists. 'IAlle have stsmped and signed the orbginal books of account and the original records IA¥e have checked. All vouthers relatirvJ to this amnt p￿￿d have been cancelled. Previ￿$ observations 'have1pa¥￿ been actioned (list Ihose obsep4ations outstanding). NIA. "IAOl• have rnad8 the follo￿ryng observations whilst carying out th8 intemal audrt: Exocutlve Surnmary The total fund valu8 has increased by 30.54% (£294.886.80- £225896.41- £68.990.39) and within the MTS financial reserved policy. The liquidity sits at 3.30% (£332,324.43 1 (£34.120.45 + £66,450.56)) this means ther& is SLrfficient liquid a5sels for the Fund to meet its liabiliti8S. Based on the material reviewed. I condude that the govemance and control of proce&￿ are satisfactory. Flnanclal o￿TY1•W Fund Income. Th8 gross incoming resources has exceeded £100.OIM).00: the fund is registered with the Charity CommissK>n and is subject to an annual IndeFe￿lentAUdlt. 10. Llquldity. The liquidity sits at 3.30. meaning the fund has suffitxnt Ilquid ass8ts to meet its lialylities. Flxed Assets. During the reporting period the f￿ad assets of the PRI have decrease by 21.7% (£714.00). This is discussed at paragraFth 4 to the Notes of the Accwnts. and can be attributed to: Straight line depreciation of £714.00. 12. Current Assots. Dwing th8 reporling pervjd, the current assets of the fund have inrxgased by 31.46% (£80,154.82). This is attributed to several factors: An increas8 in current account mainly from subscriptions, PRI slK>P profft and not paying VAT (Armex) and the hb3h interest Treasury Accounts annual interest. Th8re have been more recruits into training in the last financial year. 13. Investments. Investrnents are disc￿sed every 6 months at the Managing Trustee Meeting but currently there is no plan to take out any investments. The Treasury A￿OUnt is a high interest account that can be used rf necessary and is seen as the best option at this time. 20 14. Unrestrfcted Funds. Unrestricted funds income ex¢%eded eX￿ndItUre in this financial year. Th8 majority of income is generated from subscriptiorE and Amex Profit It is assèssed sub6criptions are set at the correct value but are to be reviewed at least twi￿ a year. 15. Restrfcted Funds. Detailed infomiation is available in the Restrtcted Funds anatysis contained in the Fund Retum Summary within the financial bundle. Funds are revi8wed at every PRI meeting to ensure they are still required and utilised, nurnerous fvrKls have been cknsed over the aC￿Unting period as they W8re no longer needed. The followi￿ funds are worthy of menti)n: Welfare vehicle is rM)w a minus balance of -£9.870.18. This amount will reduc8 through tlme as funds are raised from the hire of the vehicle arJJ used to offset running costs and reduc8 the debL The PRI have purchased a new vehicle in this teporting p8riod which is why the RF now shows as a minus figure. An Intemal Transfer has 0￿Urred b8tween 2 ITB and 1 ITB due to the families. day funds for Phase 1 re￿ItS in Basic Training. As 2 ITB no longer conduct Basic Training, the balanc8 was transferred to 1 ITB as they Iwll sow deal with all aspects of Basic Training going forward so this wli I not re0c￿r. 16. Dobtors. Debt represents 0.01 % of CurrentAssets. amounting to £25. It is noted that this debtor has already been cleared into the new financial year. Debtors should ￿ deared as soon as possible. aft8r 3 rnonths they are classed as Aged Debtors arKI need lo b8 dwed by the FM. 17. Creditors. The Fund has creditors amountir¥J to £34.120.45" tteditors should ordinarily be deared within 30 days. The FM needs to liaise with the RA to dear down the loro-standing creditors as a priority. Point worthy of rK)te are: The BFf Nomandy is a minus balance of -£1128.90. This needs to be cleared as a priority. This has èndured for over 6 months and should be cleared from the 2 ITB RF as it was planned 2 ITB actsvity. The ITC Boxing Nlghl is a (Tedilor for £30,641.81. This event takes place In Nov each year so will be stgnificanty reduced as the funds are Ltsed on this event. Tradlng AccounL The PRI no lon98r holds any stod(. Control M•asures 18. 19. During the reporknng p￿10d the Continuous audit has established that the vouchers audrted demonstrated Ihal the FM and c4)rnmittee were (x)rr• obseNing the operating practices detsiled withing the Constitution and the Charter. 20. issues. There have been 4 propety checks completed during this audit P8rnd and there no o?ncems or 21. The FM is content that the insurance ￿val$ are appropriat8. &gnaiure: Name: Ms S Bat&wn Dat8: AppointrnenL' 21 ComdlS02 SPS- Ind•pendont Examln•f8 R•wt on th• Accounts. and comments Res ective Res onsibilitss of Trustees and Examiner The Charity's Trustées are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year (under seclK)n 43(2) of the Charities Act 1993 (th8 Act) and that an indepeThJent examination is need8d. It is my responsibility to: Examine the ac￿nts {under section 43(3Xa) of Ihe Act). Follow the procedw8s laid down in the General Directions given by the Chartty Commissioners (under section 43(7Xb) of the Acl). Stale whether particular matters have come to my attention. Basis of Ind8 endent Examin tateme My examination was carried out in aCCordar￿e with General DireclK)ns given by the Charity Commissioners. An examination includ8s a review of the accounting records kept by the Charity and a comparison of the accounts presented with those reo)rds. It also includes consM4eration of any unusual items or disdosures in the accounts. arKI se&king explanalions from the trustees ¢￿Cem1ng any such matters. The procedures undertaken do not provide all the evKJerMX that would be requirèd in an audit. and consequently I do not expr8ss an audit opinion on accounts. Inde endent Exami r's Statement In connection viith my examination. matter has o)m8 to my attention (other than that disdosed overiear).. Whlch gives me reasonab￿ cause to believe that in any material respect the requirements: (1) To keep a￿￿Unting rectxds in arxordance with sèctKJn 41 of the 1993 Act: To prepare accounts which accord the a¢xountirKJ records and ccrfnply the accounting requirements of the Act (2) have not been met. To which, in rny opinion. attention st#￿k1 be drawn in order to enable a proper urthrstanding of the accounts to be rèached. Delete as applicable. Tide of Trading Account Percentage Profft Current PrevhxL8 25 PERCENTAGE PR IT CALCULATOR Ilntemal use only- not required by the tharity regulator) LD ST OF GOODS Enter the FIRST LINE total fryure from thè LEFf-HAND pago of the AB 397. (1) Enter the total amount rf EXPENSES charged. DEDUCT figur•12) from figurn (1). Enter the totsl omount of goods DISPOSED OF AT COST (M•ss guests, Write offs ètc) Enter the value of the CLOSING STOCK At COST PRICE. (3) (4) ADD flguro (3) to fig￿ (4}. STOF DS SOLD NC ME FROM SALES: Enter th• FINAL total from t RIGHT-HAND page of tho AB 397 Entèr flgure B fr•)m abovo (6) DEDUCT figure {6) from Ilgure {5). ROFIT: Enter Income from Sales - FIGURE D (7) Enter Co81 of Goods Sold- FIGURE C DEDUCT ftyure (8) from figurn17). PERCENTAGE PROFIT IS THEREFORE: EX1 (To two d•clmal places) CROSS CHECK: FIGURE E (GROSS PROFITI DEDUCT EXPENSES CHARGED ? A8397 PROFIT (NET PROFIT) Tradlng Account detalts: 24 ComdlS02 SPS - Independont Examlnerfs Report on th• Accoun￿ and Comments Disclosure Section (Only lo be completed if the examiner needs to highlight material problemsldiscrepanGie5) Give here brief detai18 of any items that the examiner wishes to dis¢lose: ComdlS02 SPS Cornments A/c// 74r. .5 &.. J" A.J ,S IJ 4 Independent EXarnIn￿S Swa Name: Ma Date: Appointment S02H North Bde 23