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. W h•W withI￿arloract& L￿•
"si•nc• away. re¢ollrn¢Thts.
. He ty an 8x Oi)G offker *4¥) 15 w•1 KI￿￿ mfAlary
aNJ is r8swn*b￿ many g)fflmb&s￿ Y•thln HM F￿ts$.
RoadshJw Wrffhg bxth, F￿n8 r*M￿m#r￿ li Lo3 I
i.ro) Moss Prcp*rtythechthX*Y M6B5 P￿rtY LS *hhvJ••dty
Nan
Sih¢fflei
14
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
Ex*am chtyfty yyr¥J w•
For th• temdil
lurth￿l and •￿11$ thiok*Jh m•rnb¥&,
In to
as¢dty cl chthty.
licy ￿lj
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
Tbty aBs*nr8 Sor￿¢8 oeryorrnl ko l•re Ihe cl*Athg86 oThJ**er
Iho I￿¢{ It￿9 F(¥costl Ihv Crtr4m by
¢n￿￿on9 its th•
cwlirrn th* I Iia¥é OL￿? regwd lo the C￿ty￿rrAs￿￿ al Entlw¢l
und•rt*o.
17
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
, AddKM¥JJrd r%¥nv*nts fi￿1￿￿ wjy whkh IP8 1211JI
Tian**r¥ iel*t2wTrK4rt. L¥* d.£40.11 tl.192.22, Th¥ an trtc¢
Y Sha&Jw GPF C¢*iè**4 R•Orrtso Fur¥J L*e ot4 P05AC GPF
Wrrt• t)fvs IGrn ¥thirt •w• to f266.n *lr*A44d*> ear,
Iii•. ctiil$ nc4 beiry •ied. ￿ Is true fwrtr * £2,W.93.
acciwDThJ has accwettibe GPF POSAC up IG402. t1.192,221 or itr
IG81t . £3.910.42lanttthère¢ POSAC vi Il rnLrf ts•
as a# reiithg. rt th￿y¢d Al Wrrte Cts *• ty te by myseff •B
TM èr4opÉ*w d the Tre•￿￿ hv 4etw£ty rO¢￿Ir￿j IhE lewcy ol r￿ted r
.1 on Io the ieaLflth d those De￿¢1¥ a Irfp￿ 811 In ex¢•ss v4thin th# Tr
18
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
I￿¥￿￿.44￿1¢•t'￿￿l Rtpwt
"W¥* hive exam￿4 the of rewrth from th¢ fiMI w¢re r#rwYd
LMIIL
Subjtii io s#lafxd PD5Kf I￿ tsgwe I
, k¢p llnd lh* the f#wl De¢txawi #ive J (Air of rt5uILS vN'¢r
'.iil* SI￿1C ol PUIWJ"￿ the dllie d the hl•K¢ SI￿ subts￿ 10 •1
¢hd¢ iahb thj bMJ¥k hTrc bE¢A pfLwlydw'k¢d w iywrknl
ar¥1 ¢hai ￿le4￿￿ Ci¢%i%.
dr4*￿$ All I'4wckn rrJ*itw ￿thiS Per￿ bavelyttt CMD¢elkd.
•tl¥b•knc the wlkllrtcsrykn8 LYJi tht Mlletjwl wulli.
LY Ar•..
11>)1lZ
I￿11￿ d lh• to er*w• accOrthn￿￿. Th•
Ffcyrty Ihe mejs 18 rtyh In Iho ol ano ¢Y
b. Thè 0￿er,$ 14Bs• FLThI •>thLth topro¥*1• the th• ofKors M46t #
weeil lor o &morrth 1*u￿101 Ertwlamwrt tharys *) Moss MWnbWtrd￿ ￿¢0￿￿1*
Govemnb801
ongjres Ihav monthty ¢ar￿# ￿ ts18 m(YAhty
d. *o¢k pr￿th￿r¢ POS￿￿ hw bBen •rthe L
ciiknged. Curiwwy th• A4e&s GPF * thkrgthe hrt, rn￿* Iw Ih8t of tho Tr• acctyr4.
PWCW¢aue k¥(
c￿pila￿fr SFRS. Ch 3. *thex C, SAr 2. lorm
LXtsJryed. Ilws totho cl ii•i)$ CakMt81 now
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
Ihe cov1￿1•G￿￿rrff*rt 18itr*tw* ¥• tr• ¢3wffkn Vtyknty p*. •forrMI
valuè￿ be •wuffj ¥4*J• & ¥war¢a * di fv GL¥f•th
I Wv*• IYI• NoIfv4furt￿I ts arSJltsl Ihe W1¥0 fawg
Exe•tsi ex¢4S8 al ￿ce￿@ Itf4.434 701 roryects Iho
eipenuilu¢è ￿rIr$ aJ20"è1 Pt&ns are alreaty ma¢ro Ll aTrJ •xrw￿re al
as ntst io ht&*ar#J brfthnjfrom fft• Me•8.
P￿t•d Fkstrthj Fwd84we mlrAMa ￿1h￿l the FLfNJ 4ThY ￿ 18lwarn ts the
ol th• Fw¢J Ent**nm¢rtt IPDJ111$ W ai t41.￿7.11 W relW w ¢Oheswe wenLS thè
18 rt￿lhs TWO loi tha Pres¢r#atsx$ klembw to the Prns
I GPF Arnlyth. In (3PF¢ts*s ue
l. Ti•dkng Ace￿ F¥)UC GPF mwt c•asearf b8 ¥x*•d
dot•1
mlth a ¥¥e £an #ly*aty ¢b ity fv Fw¥J 11 LS sbx• thvchw
Tr•45LW Ihwe tten an knie red￿c￿OI been
1?> T￿t CHE￿T S￿. r•￿ty& cs fhqrg In
caD Ihp 11os¥ Mantypr
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
th11￿ IS not f•Wlor lunthJr*#kJn 4lllrl Aky Adl •7¢iPAI •
47tIXblol
InHI￿n f¥cu￿B k*pt Ihl
' 15 pp4xnWwiiTh
111 To If￿A
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
SPS 18JX
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
ComdlS02 SPS- Indeptndent E￿MIller'S Report on the Atcounl& and Comments
(Only to be completed if th¢examin¢r 10 highliglLt material
pr(*Jiemsldj￿r¢p￿llC1cS)
Give her¢ brief detsils of any items thai th¢ exatniner wi$he5 ro thsclose
The operdtitsn and sm'lure of Chaniy i% Unde￿t(￿.
Th¢ unil h&% noi yei condu¢ied ils 8n#val as%uran¢¢ due 10 COVID-19 travel resrriction% and so the
rewn noi referred lo in th¢ Compilation of this r¢rK)rt. A %ampl¢ of account$ WTII be conducie
nc¢ viiii.s hdV¢ fcsumed.
I have ex￿Ined the PAXTONIAB 397 IMldn¢e¥ ai ￿ end vf the audit ￿lOd.
Thc fin￿ a¢couni% and report (rom the 2020GIA Self-A%*4%mtni ￿e￿Il￿n sel have reVe￿¢d Do
unu%u41 i*m.s. Unex1￿med fluciDaiions or in¢onsisten¢iu. The and liabiliii¢% are coTr&ist¢ni with th¢
type of &livilie.% th¢ ¢horiiie% opcrdic%.
The Pund operal¢% vn dn *¢Ndl'5 ba41% Lonfortrung ￿1¢h 5.4211}.
The dL'¢i>unLing rx)lieie.% are ¢onN[s￿￿t in applicarion and #ppwpridie ¢0 the aCEiviiie% ofthe Chartly.
Thery be¢n no eveni thai had an adve￿ impaci on th¢ wonh of the ehdrily suwueni to thi&
tYp)rt. No re%iricI￿ fund% are over%￿￿1.
The FM dnd IA are 10 noie..
Th¢ ¢omrncfti% lif thc Fund Mandger. Mdnaszng TTU.%i¢e and Audiioratr noted.
Th¢r¢ m￿ked tmprovemeni in the managem¢ni (>f the fuJ¥l FY 19120 a￿1 it
i% ()hvious from the comwi.4 thai the fund% are well manwd.
l]J¢r¢ have been deliberntr 4cl.% of mi%conducL in the ddministsati(bn of the Charity.
Ind¢p¢ndvni Examinu's Signatur¢
AprAiinimeni s02 SPS I
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
ComdlS02 SPS- Independent Exèminer's ￿t￿rt on the A¢counls and Comments
' o¥ure s￿11
(Only ro be wmple*d if th¢ examiner 10 highlighi maieyi
problem￿(￿scJrP￿￿(Leh)
Give here bri¢f dcrdJl% of aThy 1￿m5 Ihar theeiaminerwi5k4 10 thsclo
o? sps
I hdlie revicwtd ihe Fund'% inc(Nne ovcr th¢ l&tsl Ihrre audit rto￿LS dnd ig'% genuine income h￿% Dot
cX¢¢￿Ie￿ l?50k in any nf Ihc,se yellr%'. FY IY119 £169,777 03. FY 19120 141.789.59 and FY 201?1
£86.127.74.
lThe ortrnlion dnd struciuw of the Chariiy 1% ullder41<M￿.
The llnii h&% fjoi yet coodth¢IL￿j 11.4 dnnudl (tue to COVID-19 trdvel re%iriciions and IhE
rcw h&% noi been r¢ferred ro in iheco1npil￿IuTr olihi% r¢w)rt. A %ample of a¢L￿UnIS will ￿ Lvnducied
once ViNil% hav¢ resunied.
I hav¢ ¢xamiJKd the PAXTONIAB 397 bal￿¢4 at the e4xI of Ihc audir peri￿.
The final ac¢wni.¥ report fEom the 2020GIA S¢lf-Akscsstneni QtteNliQ￿ ser hav¢ revealcd no
iknis. uneX￿le￿ fl￿¢tuall0n8 or in¢on%j.%lcncie.s. The &￿￿¢1.% lJahiliti¢.4 4re con51Xteni with the
&pE olaciiviii¢% Ihc cknrit1￿ Ol￿ra1¢%.
Thc Fund ap¢rdie% un an yccrual's basis conforniing with s.4Jl}.
Thc accouniimg FK)Iiiic4 are COn%i%￿ni in applicaiion dnd appropri*e go lh¢ aciiviiie% of the Chdrity.
Thcre no cirnt Ihai had an ￿ver￿C ijnpdci on t1￿ wunh ofthe chariiy sulx%wu¢DI 10 this
Twn. No re%iricted fundts are over%p¢ni.
Th¢ FM and IA dre li) rK)lL':
Th¢¢0￿Me￿i.% of the Man&ger, ManasiDg Tru%ttt anJ AudiEorare noityj.
D¢bior% within the Fund %i¥nificani di 9.8% Orr￿al currcni and th¢re are * Rumb¢r
of debi% in exce%% of Ihrec snonth% w¢ll unallocatfd d¢bi%. The commer*l4 ofihe fund orriLl￿%
are tsoied.
The I&E re%iricied fund volllnidry incon1¢ %eLlion includeN {-) figure5 for R(M)I. RIM)2. R￿3
d R(X)5. In the re%iiicied fund ¢xrKndiiure. chdritabl¢ a¢iivilic% R(M)I. RIKY_). R(KH dnd RIK)S al
have i-l rigure%. Thi% %uggc.%i% mi% IxN)king-% havc (Kcurred.
Th¢rc been a ill￿¢￿ improvemeni in th¢ mJlla¥ement of th¢ f￿nd Imm FY 19r20 and
improveiiienil li> IhL' POSAC pftxr￿￿ in FY 21122 will furth¢r rhis progr¢N%.
Thcye have been no thlibera* llcts of miFtonducl in the admini%iralion of Ihe Chariiy.
10.
Ind4xndenl ExBfflin¢r'% sI8￿a[￿re
N￿e
AppoiThtmeni
160X
OFFICIAL-SENSITIVE

OFFICIAL-SENSITIVE
OFFICIAL-SENSITIVE