Statement of Financlal Actlvltles as al 28-Feb-2023 Headquarters Land Forces B702 ASU Offs M888 Unr8slrictedl General Purp05el Designaled Funds Restricted Funds Endowment Funts Total Funds Previous Period Total Funds Voluntary Income 0.00 0.00 Activities for Generating Funds 139.72 139.72 210.41 Investment Income 483.65 463.65 82.82 Income Flesource8 Ircmn Charitable Activlties 101.220.IXI 6.615.50 107,835.50 71,050.99 Other Incoming Resources 0.00 Total In¢omlng Resources 101.823.37 6.615.50 108,438.87 71,344.22 Investment Management Costs Costs of Generating Funds -260.00 -100.00 Charitable Activrties 84259.43 24.188.69 108,448.12 53,217.47 Governance Co818 1,810.04 1.810.04 1,843.81 Grants and Donatlons 1.535.00 1,535.00 1,833.93 Other Cos18 9,852.32 9,852.32 15,248.50 Total Re*ource8 EXThd•d Not IncomlnWOutgolng Re8our¢o8 Before Tran8forn 97.196.79 24,188.69 121,385.48 72,043.71 4,626.58 -17.573.19 -12,946.61 -699.49 Gross Iransfers beeen funds liniernal Iransfersl Net Incomlng Re80urceg before Holdlng G•lns and 3,7.70 .3.966.50 -58.80 8.28 -21.639.69 -13,005.41 -699.49 Gains on rovalualion of the Charitys fixed assets Unrealised Gains on investments Unrealised Losses on investments Net Movement In Funds Total funds brought forward from prevlous year Totsl funds carrled forward WA WA 0.00 WA WA 0.00 8,534.28 -21.$39.69 -13.005.41 -699.49 137.820.02 83,057.49 220.877.51 146,354. 61.517. 207,872.10
Paxtoll+ Balance Sheet- Febrnary 2023 Pagel of2 Printsd: 06103n023 B702 ASU Offrs Me Army HdquarterS February 2023 Balance FixedA%8ets 32.503.41 Ftrrty- Capitsl 30,632.90 32,503.41 To¢al Fixed Assets 30,632.90 Current Assets 179,052.84 Current bank account 0.00 CB 95 Day Accouni (16455008) 6.335.77 D¢btor5 3.017.49 Siock 0.00 Siock. Presentstion Prints 188,406.10 Totsl Curr¢nt Assets 166,684.94 6.682.35 3.900.28 177,267.57 220,909.51 Total Assets 207.91)0.47 32.00 Creditors 0.00 VAT control . 0.00 VAT payable 28.37 132.(KJ) T(Aal Li4bilities (28.37) 220.877.51 Totsl A&s¢ts Minus Liabilities 207.872.10 Tctsl Funds 83.057.49 otal Restricted Funds Totsl Endowment Funts O.¢N) Totsl Design*ed Funds 137,820.02 umulat¢d Trnding & GPF 61,517.80 146,354.30 220,877. Tothl Funds 207,87? 1
Paxton+ Balance Sheet- Febrnary 2023 Page2 of2 Printed: 0610312023 B702 ASU Offrs Me Army Headquarters End of last ance Analysis Designated Funds 0.00 Restrided Funds 55.968.42 Eni¢ffaiNnents 0.) Silver Fund 23.122.57 Mess Improvements 3.966.50 DireciorateDinnerNight Subsidy 32.612.r2 28.905.08 83,057.49 61,517.80 EndowTrent Funds o. 0.00 Tradin8 and Gen¢rnl PUrF Fur (296.59) Trading surplus 0.[ Non Primary Purpose trading sury>lus (2226.73) Gen¢rdl Purpose Fund surplu5 (166.86) 8,701.14 (2.523.32) Trading & GPF sUlUS 140,343.34 Balance at l&si balance sheet 8.534.28 137,820.02 137,820.02 AcCumuled Tradin8 & GPF 146,354.30 220,877.51 Grand tothl 207,872.10 signUre of AIC Holder/Fund Mana8¢r Date Signature in8 Thts*¢
INotes to the Accounts (Paras 2 to 12 Are to be completed by all funds whlch have a gross income of £IOOK or over and those funds already registered with the Charlty Regulgtor, all other funds are to complete Paras 6 and 7 and the declaratiolls at Para 12): Princi Accountin Policies Accountin Convention. The financial statements are prepared under the historical c05t convention ag mlfied by the inclusion of investments al markei Ve and in accordance with applicable accounting standards. In preparing the fuwicial siatements the charity follows best practice as set oul in the Statement of RecoTnTnended Practice 'Accounting and Reporting by Charities, (SORP) 21X)5 hit .'Ilwww.charit commission. ov.uklinv&%ti allo51%01 0Sdocs.a in ources. Income is recognised in the period in which the chariiy is entitled io receipt, and the amount can be measured with rea50nablc ccrtainty. Granls from other agenctes including donations and other income from activities are in funhcrance of the charity's objects and are part of thc gcneral funds of the Charity. A restricted fund is only recognised where this is an agreed and explicit condition of the grant or donor. Intan ible Income. Due to the clo%e collaborative relationship and the manner in which the charily's activilies compliment those of the Arniy. intangible income, reflected in time and use of premises is nol quantifiable or measurable and so is not recognised in the accounts. Resources Ex ded and B&8is 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 accountin8 period. Similarly. where prepayments are made in recognition of commitments falling due in a subsequent accouniing period. the appropriale credit is entered in the accounts and reversed the following year. Granis payable are included in the SOFA when approved by the Managing Trusiee. Expenditure is recognised in the period in which il is incurred. The majorily of costs are directly attributable to specific activities. Irrecoverable VAT is charged to the activity for which it w&% incurred. Governance Costs. Governance costs are the costs of professional advice, holding trustee meetings or committee meetings &ssociaied with decision making, any fee for audil or independent examination and any fee incurred in the preparation. statutory filing, printin8 or copying of the annual report and accounts. italisation and De reciaiion o ible Fixed Assets. All asseLs having a purchase value of more than £5(X) are capilali%ed. The cost of tangible fixed assets are written off by equal annual inslalments over their expected useful lives using the following method5 of deprecialion.. Furniture. fixtures and equipment Moior vehicles Straighi Linc over a periixj of 2- 10 years. Slraight Lin¢ over a peri(xl of 2- 10 years. Asscts with a life of more than one year but with a purchase value of below £5(K) are included within the inventory bui the cost is WTitten off in the year it is incurred and is not depreciaied over the u,seful life of the asset. Where the a&8et is depreciated ovcr a peri(Kl of more than 10 years, details of the item and peri(Kl are to be provided following the notes on page 9. Fixed Assei Investment%. Fixed asset investments are included at market value at the balance sheet dale. Any gain or loss on revaluation is shown in the Staiement of Financial Activities (SOFA).
Stocks. Purchased stocks are valued at the lower cost or net realisable value making due allowance for any obsolete or slow-moving items. Funds Accountin . Funds held by the charity are: (i) General sejunrestricted IDesi ated Funds. These are funds that can bc uscd in accordance with the charitable objects at the discretion of the Managing Trus(ee. Dosignated funds are unrestricted funds which have been allocate(Vearmarked for a particular purpose by the Managing Trustee and are to be declared in the Managing Tnle¢S comments in accordance with Para 12 to these notes slating what they are intended to be used for and when. (2) EndoNvmeni Funds. Endowment funds are those investments and other gifts accepted by the unit. the capital sum or property being held in perpeluity and the income ollly being available for charitable use. (3) Restricted Funds. Th¢se ate funds that can only be used for particular resiricied purpos&s within the objccts of the charily. R&striciions arise when specified by the donor or when funds are Taised for particular restricied purposel>. Further explanation of the nature and purpose of each fund 15 lo be includ¢d in ihe notes io thc accounts. Herita c Assets. In the cour8e of the unit's hislory. the ¢harity may have acquired gifts. metnorabilia. regalia. silverware. antiques and other historical artefacts in the course of distinguished military service in service of the Crown. The value of th&se pieces i.s in large part derived from their close a.550ciation with Regimental history which precludes the use of conventional valuation technique8 being applied. Whilst the objects of the charity do not specifically include preservation and con.%ervation. the pieces repre*nt an essenlial element of celebrating the unil's history and foster esprit-de-corp8. Consequently the Managing Trustee considers the charity to hold heriiage assets both for functional use and as an elemenl of nalional history on behalf of the nation. Heritage assets acquired prior lo l Apr 06 are thcTefote not capitaliscd on the balance sheet but a description of those assets is disclosed a% Pdrt of the note5 lo the accounts. Heritage assets acquircd afier l Apr 06 where the purchase price is known and which exceed £5(X).(X) are included in the balance sheet at acquisiiion value bul are not depreciaied. Other Costs. Other costs are those costs noi incurrcd in the undertaking of charitablc activity in furtherance of the objects of the charity. i.e. the provision of facilities. recreational programmc8 or activities in furtherance of militsry efficiency. They are also COSLS incurred in the making of grants and donations. in the cosls of gcnerating funds, i.e. the costs incurred in trading or fundraisxng undertaken by the charity, or in governance costs.
Grants Made. (if total grants are over 5% of the charity's total expenditure). The charity made the following grandOnations. Giants to institutions Name of institutions Totsl number of rdnts iven Total amount of rants aid NONE Total ants to institutions Grants to individuals PurEK)se Total number of rants iven Total amounl of raiits aid NONE Total Rela1 Party Transactions & Remuneration and ExpenK8 Whilst the Charity h&8 a close working relatiOshIP with the Arniy, there are no transactioThs with the Arniy which require dI10SUre under SORP 21K15. The only transactions made by the charity in favour of the unit ate wholly attributable lo the charitable activiiies of furthering military efficiency. The Managing Trustee is an officer or equivalent and fulfils the role &$ inLsiee in accordance with the applicable laws and regulations. No exp¢n.8&s have been paid to the tru.siee. In the eveni that expenses have been paid io the truslee these are disclo8ed under the Managing Trustee's comments. Analysis of Capital Property Fixtures, fittings & equipment Motor vehicles Total Balance blf Purch&ses Sales & WIOS reciation Balance clf £32,503.41 £o.(x) £32.503.41 £ 1.870.51 £30,632.90 £ 1.870.51 £30.632.
Total Value of Investments by Category Value £ in value market value atbe innin Add additions to investments at cost (investments Less dis )sals ai ca in value investrnenLs sold Addl(deduct) net gainJ(loss) on revaluation (gainn05s at end of accountin eriodlaudit) in value (market value urchased NONE at end of Breakdown of Market Values at Y&qr End GPFI unreStricd Valuc £ NONE Restrided Endowment Total value Value £ Income durin Value £ ear Value £ Value £ Investment propertics Investments listed on a recognised stock exchan Investment8 held in unit trusts or other collective investmenl schemes Investment% in sub%idiary or conneded undertakin .4 and com anies Securities not listed on a recognised Stock Exchan Cash held as part of the inveslment ortfolio Other investments Total List of Debtors Debtor A ed Debtors Date of Debt Debtors over 3 tnonths old Amount £6.682.35 Total £6 682.35 List of Creditors Creditor A ed me.ss Creditors Date of Credil Over 3 Months Amouni £28.37 Total £28.37
Paid Em This ear£ Gross wa er'5 National Insurance Pension Contributions aid aid NONE Totsl staff costs Give the number of employees who were engaged in each of the followin This activities.. Last Costs of eneratin Charitable activities Other funds NONE Totsl No individual employee received a salary of over £frfKKX).(X) Governance Costs This NONE Audit or inde ndent examination fee io. Reslricled d Fun Give details of the movcmcnLs of thc individual funds SummSed in the reslricted and endowment column of the Sialement% of Financial Activilies {SOFA). Fund Name Fund B IornIng (higoing Resources for ri(Kl Transfers Tran5fcr5 Ga]'n$ Fund Bal CIF IN OLfT Losses Entertainmcnls Mess Im rovemeThts Dir. Dinner Ni ht £55.968.42 £23.122.57 £3.966.50 £O.(M) £6.615.50 £o.Thi -£23.355.70 .£832.99 o. £32.612.72 £28.905,08 £o.(x) O.(K) o. .£3.966.50 Tolals 615.50 £61517.80
A brief explanation as to the nature and purEKJse of the tharity's Restricied Funds is lo be provided. Name of Restricted Fund Pury)ose of fLmd To &ssist with functions during the year. Entertainments Mes5 Improvements To provide ftxtures. fittings & re-decoTaiion of rooms where required to enhance the a earance of the mess. Directoraie Dinner Ni ht. Clo%ed durin Dir Dinner Ni 22123. Balance moved to GPF Herita Heritage assets that are owned by the charity bul purchasedlacquired prior to l Apr 06 are not included in the charily's capital property vue{sCe note l.j). A lislldescriplion of these assets is below.. 12. Declarations All of the charity's commitments are provided for in the accounts. No guarantees have been given lo 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 inslitutions or companies conneaed with the charity. The charity did not make any ex-gratia payments during the year. Sufficient resources are held in an appropriate forn) to enable each fund to be applied in accordance with the restrictions imposed. The financial activities. assets and liabiliti of all the tharity's branches or sections have been included. The Irnstees have not changed th¢ year end dale or the length of the charity's financial year. The charity has no designaied fund8 (if there are dasignat¢d funds the reason for designation and when each designated fund is iniended to be u.sed by is to be .stated in the Managing Trustee rcport). All the charity's operations are continuing operations and there were no operations discontinued or acquired during the year. No funds (unrestricted. designatrd, restricted or endowment) are in deficil at the balance sheet date. The charity has no iniangible 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 companie5. The charity no material fixed assets which have not been capitslised and included in the balance sheet. All investments held are investment &ssets in the UK unless otherwise stated. Note: Where any of the declarations are not corrcct they are to be crossed out and details provided in the Managing Trusiees comments.
Additional comments: The Me&8 accounts are actioned through the contractor's accounts and transferred monthly on the Income and Expenditure {I&E). Mess expenditure has exceeded mess income by £12.946.61. The cosi of go(xt8 and 8ervice8 to the m&ss have continued to increase. Entertainmeni subscriptions remain suspended for this FIY. It will be voted on at the next AGM whether to reinstate Entertainmeni subscriptions. The Mess has held a Summer and Winter Ball thi5 year as well as some smaller annual functions such as Oktoberfest, various branch dinner nights and dine outs. The Mess has also supported the livers in by organising quiz and event evenings. These events and functions have contributed to the higher level of expenditure. Ag¢d debtors have increased considerably this period and work is under way to reduce these. Military and Civilian Subs: £79,462.87. received for 22123 peri. This is an increase of £19.235.34 from the previous year. This is due to an Incre in the daily subscription charge. p-cOV1d rates were reintroduced in the latter part of the lasi FIY making the 22123 period the firsi full year where an increased subscription charge was collected. Restrlcted Funds: The Directorate Function% Fund had a balance of £3966.50. The fund had been dom)ant for Several years and it wat> Voted on at the AGM in March 22 that the money would be returned to GPF. This w&$ actioned during thi.s Fly. Property: Property depreciation been calculated for this period. No capital property has been purchased in this period and no property h&s been wriiten off. A new property member was appoinled during this per20d and due lo the signilicanl amounL of property thal the MG88 holds the inlemal property check is being conducted gradually. The Mess requires a Property re-valuation. to ensure thai adequaie insurance is in place. An indendent Audit Property Check will need io be undertaken as soon as the inlernal check has been completed. Mess Aged Debtors over 3 months - the figure is curren(ly £6.682.35. This is a significani increase on last years aged debtors. The increase is du¢ lo incorrecl charges by the conlraclor, failed altempts lo recover outstanding amounts, contractor staffing changes and direct debit set up issues. Mess debi% dre a ¢onsi.%tent challenge that the Me55 Secreiary and Mess Treasurer face every month. They are attempting lo recoup the outstanding amounts and work is under way. in collaboration with th¢ contractor, to reduce the amassed debt. The 'less than. three-month mess bi115 are collected through the Mess AccountanL The Mess Accountant encourages mess fflember5 to use Direct Debit &5 the method of payment lo reduce the nuniber of debtors being transf¢rr¢d at the three-monih ]nt. There have been issu&s surrounding the ,setting up of direct debit paymcnts duc to stsffing issues and this has resulted. in parL to the higher aged debt balance. Aged Creditors over 3 months- the figure is currently £28.37. There has been no movement on this over the last year and atteTnpts to contact the creditors have been USUCcesSfUl. During the next Fly il will be decided whether this aoUnt should be reiurned to GPF
Signature Name Lt Col B Hardwick Date: Fund Manager (Regimental Accountant Scheme) io
Mangging Trustee's Annual Report and Comments: Unit Arn] Head uarters Andoversu rt Unit Address Marlborou Lines Andover SPI18HJ Charity name and Charity CommissionlRegulator registered number:_ 1150189 Fund Nam¢:.Arn]y Headquarters. Officers, Mess Description of the charity's Ints This should include: Details. including date if known of the charity's governing dlment {e.8. trust deed, will. constitution etc): and A brief explanation of the charity's objects. Where applicable. you may choose to give details of any specific investment powers of the charity. Governin8 Document (e.g. Trust Deed. Con%titution Constitution dated 23110112. ObjecLs of the Charity The promotion of efficiency of the Amied Forces of the Crown by the provision and support of lacilities and aciivilies for the efficiency and well- bein of service rsonnel. Explain briefly how InleeS are elected or appointed and details of any induction and trusiee training attended. Trustee selection methi)d As laid down in Service Fund Regulations (Chapter 8) Managing Trustee- Head of Logistics (Am]y) Fund Mana er- Commandin Officer Andover Su rt Unit Trustee induction and training Inlernal Briefing li
Explain about what the charity is trying to do and how it is goillg about it. You are only required to provide a brief SUMM of the main activities and achievements of the chariiy during the y&qr in relation to its objects. Summary of main activities in latiOn to the Charit 's ob ecis Summary of main achievements of the Charity during the The Mess has provided the annual Summer and Winter Ball this year and various smaller Branch Dinner Night functions and themed events. The provision of Mess and social facilities through the collection of subscriplions. Provide a brief review of the fmancial position of the tharity. This should include the principal iypes of income. Financial Review The principal types of income are from mess subscriptions. Entertainment 8ubscriplions are still suspended. Annual mess subscriptions for military and civilian combined are usually +£80,(MX).(K). Entertainment subscriptions are usually +£25.(KK).(X) The Managing TTU.8tee should give in their r¢t a description of the following w)licies: For the selection of InvLments for the charity. For detern]ining the level of income reserves held, stating and explaining the level of reserv¢8 held. 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 policy As laid down in Service Fund Regulations (Chapter 2) Investments s¢lection policy and perfornianc¢ of those investments. As laid down in Service Fund Regulations (Chapter 8) Provide the name of all trns1eethe Managing Trustee(5) during the report year. Managing Trustee's nameltrustees. names Head Logistics IArniy)- Brig Ewart-Brookes. Head Equipment (Arniy)- Brig Prosser Serious Incidents None 12
Serious tncidents None Public Benefit Statement This fund provides public benefii by &ssisling service personnel to more effectively perfonn their roles within the Armed Forces of the Crown. It does this by providing and supporting mess facilities and social activities. This assistance enables service personnel to face the ch]engeS and danger associated with military service by developing and maintaining COV teamwork; skills; fitness: confidence. charncter. SPiTIt and attitude" and morale. As a result th¢ fund promotes the t]ciencY of the Arn]ed Forces of the Crown by enhancing the Briti%h ArTny's capability to undertake the roles demanded of il including the defence of the Unilcd Kingdom and its interests. (I confm that I have paid due regard to the Charity Commission of England and Wales's guidance on public benefit when deciding what aclivilies the charit should undertakc. 13
Additional comments - include any declarations whith were not correct at pages 7 & 8: The Mess has provid a variety of functions this year which have benefited Mess members. The annual Summer and Winter Ball have taken place and smaller functions such as branch ditwer nights, dine outs and themed event evenings. Mess incom¢ h&s been obtained through monthly subscriplion5. The annual income from subscription clwges has increased due to the rein.%talement of the pre-covid rate. Entertainment Subscriptions are still SSpended and this will be reviewed in the next F/Y in line with the forecasted number of fijnctions the Mess will provide. Expenditure has increased from the previou5 period and this has been due lo the reintroduction of the functions. Internal transfers - voted ai General Mcss Meetings: An internal transfer was voied across at the AGM in March 22 to move the Directorate Dinner Night baL2nce back into GPF. This was due to the fund bell dormant for scvcral years. The balance was voted from GPF in 2016. The aged Mess debi,5 are currently £6,682.35. This number is extremely high. Attempis are being made to reduce the debt and consolidate a procels. with the contractor, to recover debt bcfore the three-month stage. Mess members who exceed 3 months of aged debi are reminded of their debt by the Treasurer requcsling the aPPTopriaie debi be settled. If the Debt 18 not settled by the end of the following accounting month. thc Mess Member should be invited to provide reasons for non-payment to the PMC. When joining Headquarters. Mess Members arc continually encouraged to pay their Mess bills by the default setting. Direct Debil. Some direct debits have not been set up correctly thi5 year by the contractor and this h&$ resulted in the higher mess debis. Ikr en,.5 1)'i*k gc¥KkO +0 Qn Signalure Name Bri Date: 414113 Appointment Mana in Trustee 14
Internal Auditor'FJAudit Board Report I have examined th¢ books of account and records from which the final account5 were Prepared and have obtained all the information and explanations that were necessary for the PUTP05e of my internal audit. I certify that end of period checks have been conducted in accordance with Servicc Funds Regulations. Subject to the observations given below I am 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 &$ at the date of the balance sheet. Subject also lo my observations l am satisfied that cash and bank balances and stocks on hand have been properly checked at prescribed intervals and that adequaie insurance exists. I have stamped and signed the original books of account and thc original records I have checked. All vouchers relating to this account period have been canc¢lled. I have made the following observations whilst caTrying out the intcmal audit: Pr¢vious observations have been aciioned. The aged debtors have increased month on month to an unsuitable level. Substantial efforts will need to be made to recover the current debts and adopt a proc&%b whereby they do not become unmanageable. Capital property has been depreciat¢d for this period. A full property check is required. Signa Name Ma JA Patrick 04 AVK 2U23 Date: Appoinlment Internal Auditor 15
ComdlS02 SPS - Independent Examiner's Report on the Accoun and Comments Res ctive Res nsibilities of Trustees and Examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charily's Trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to: Examine th¢ accounts (Under section 43(3Xa) of the Act). Follow the procedures laid down in the General Direciions given by the Charity Commissioners (under section 43(7Kb) ol the Aci). Stste whcther particular matters have come to my attention. fIn endeni ExamincT'S Statement My examination w&$ carried out in accordance with General Direction5 given by the Charity Commissioners. An examination includ&8 a review of the accounting records kepi by the charity and a comparison of the accounts pre5enied with those records. li also includes consideration of any unusual items or disclosurcs in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do noi providc all thc cvidcnce that would bc required in an audit. and conscqucntly I do not expre$8 an audit opinion on the accounts. endent Examiner. Slatemen In connection with my examination. no matter has come io my attention (other than that disclosed overleaf*): Which gives tne rca50nable cause to believe that in any material respect the requirements: (i) To keep accouniing records in accordance with section 41 of the 1993 Act: (2) To prepare accounts which accord with the accounting records and comply with the accounting requirements of the A(X: have not been met. To which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. * Delete as applicable. 16
OFFICIAL-SENSITIVE ComdlS02 SPS- Independent Examiner's Report on the Accounts, and Comments isclosure ction (Only to be completed rf the examiner needs to highlight material problernsldiscrepancies) Glve here briel details of any ilems that examiner she$ to disclose md/S02 PS Comments- Andov r S UnitAnn HQ Office 'Mes 1. 1 have examined the AB 397 balances and ccrtnpared them wfth the AF N1514 balances to ensure they agree. 2. The operation and structure of the Chanty is underst(. 3. In the compilation of this Rekxjrt. I have referred to the unifs annual G1 A Report. 4. 1 have examined the PAXTOWAB 397 balances at the end of the Audit Period. 5. During the unit's annual assurance visit an apprwiate level of sampling was conducted on all accounting records and subsidiary bwks. 6. The Final Accounts, and G1A report. have revealed no unusual items, unexpected fluctuations or inconsistencies. The assets and liabilities are consistent th the type of activities thal the charity operates. 7. The Fund operates on the accrual's basis confomiing with $.42{1). 8. The accounting policies are consisterrt in application and appropriate to the activilles of the Charity. 9. Ther8 has been no event that has had an a¢fverse impact on the worth of the charity subs8quent to this Report. No Restricted Funds are Overspent. 10. This check is not applicable to this Fund. 11. Nothing further to reFK)rt. 12. There has been no deliberate act of misconduct in the administratTron of the charty. No further commenls Independent Examinerfs Signature Name M Date: 27 ApF)ointment S02 SPS HQ SE OFFICIAL-SENSITIVE