2RGR-CFPRI S02 SPS - Independent Examlnerfs Report on th• Accounts. and Comments Dlractlon 1: Ch•d( whoth•r tho charlty Is •llglblo to have an independent examlnation. lkn used the guidan summary al pard 544 to assess the fund gross annual genuine income has nol exceeded £250,000 law ACSO V4) 3354 ensuring the level of IE fvnctlon can be caffied out by the S02 SPS. The Fund total income is under the threshold and therefore, requires no registration with the Charities Comrnission. Flnanclal Y•ar 2022123 2023124 2024125 Charltablo Inc¢m• £90 546.39 £128.521.94 £144.185.68 Directl¢M 2; Chock for any connict of Int•rnst that wevents the examln8r frorn ¢arrylng out thelr Indopndont •Mmlnation. I de¢lar8 that I have nol acted as 2 RGR Intemal ALKliior or had any other invOeMent in the day to day running of a Service ChaTilable Fur (e.g.. in a previous assignment) wrthln the last thr88 years. Directlon 3: Red y{r lndand•nt ex1rtIOn. This fund continues to be administered with a hwJh18vel of efficienw and professionalism. led by an eXPtiOnallY ¢apable Intemal Auditor. The IA consistenty demonstrates best practice in the management and oversight of Service Charitable Funds. setting a strong example for fund govemance and ¢cMnplIan. All do¢umentslevKfen¢8 prtsjuced by the Intemal Auditor to supwrt thls report wll be retained with the AF N1514 for this year and six further years. Dlroctlon &. Plan your independ•nl examinatlon. As the examiner l obtained the relevant nstitutIon. objectives. organlsational stTUGture, the funds managed. its activities and accountirKJ records al systems prnr to conducting my examination. Fdlowing a review of the 2023124 AF N1514 in relation to the Independent Examiner (IE) comments, it is confimied that all recommendations for improvement from the previous IE review have been fully implemented. This reflects posiiively on the fuThJ's u)mmlknent to continuous imwovemént and sound financial governance. At present. th8re are no identifiable financial risks requiring immediate attention from the Management Tèam (MT) or Senior FurKI Manager (SFM). The fund appears to be opgrating within a stable financial framework. with no indicatS of budgetary pressure. iffegularities. or emerging liabilities. Dir•cllon 5: Check that accounting are k•pt to tho to thè rnqulrod standard. As the examiner I satisfied myself that all relevant PAXTON+ accounting record6 and subsidiary books are malntalned and up to date. including an examination of transactions carried within the fund during the fur,$ last G1 audit. I have checked that the 6-monthly FMrrn*tee intemal financial controls checklist
(British Amy) was completed (see Annex B lo Chapter 2 to ACSO 3354). Dir•ctlon 6: Chock that th• accounts are con61•tènt wlth the ac¢ountlng rècord. As the IrKlep8ndent Examiner (IE). my review is limited to the final accounts to detemiine whether they disclose any unusual items. unexp8Cted fluctuations. or inconsistencies. A detsiléd examination of PAKfoN+ and supporting transaction vouchers will be undertaken durrng the next G1A. Dlroction 7: Check that tho Charlty18 opffatsd In line wlth th accruals basis of accounting. The accounts are prepared on an ac¢Nals basis and the relevant checks have been made to confimi thal the charity a¢¢ounting complies with the a¢¢ruals method of ac(x)unting. Wherever dewatbon may exisL guidance was provided to the MT and are recorded within this report. DlrectSon 8. Check reasonablene of tho slgnfflcant •sllmatss and . ludgrnents and a¢¢ounting pollcl•s used in accounting for the of funds hdd and In tho preparatlon of th• accounts. I have checked: The general a(xx)unting FM)licies of service fund have been agreed with the Charity Commission and are listed in the AF N1514. Ary signfficant income expectations in the ManagirwJ Trustee's Financial Reviews in pr8wous accounting perdS are noted and their continued rec8iPt nSIdered against future planned expandllure where approwAte. I dcked that separdte funds of the charity have been rreCty accounted for and reported corredy in the accounts. I checked to ensure that material breach of tru51 has taken place in the use of charitsble funds in the reporting period e.g., use of mmies in a restricted furKd for a purpose outside of the restriction. Directlon 9. Th• QmInor must Check wh•thw tho trustees hav• considered the finan¢lal clrcumstances of the charty at the end of th• rnporting period and, rf tho accounts are prepared on an accruals basis check whether the truste•s have made an a88essrn•nt of tho charlvs posltlon a8 a golng concern whon approvlng th• accounts. The IE should consider rf th8 service fund remairts viable for futlre accounting periods. Consider the worth of the ser¥ice fur over the perM)ds of F>revious AF N1514s- Consider rf the worth of the fund redu(xl ovw an exterKled period. I've n$KIered the yrth of ts servts fund over the periods of previous AF N1514s and assessed rf the worth of the fund reducing over an extend8d period. Debtors and Creditors been examined and guid8nc provKled to FM where necessary. 10. Dlroction 10. Check the fomi and contert of tho account I have: The service fund accounts and AF N1514 complies with SORP and the minimum accounting standard requlred (SOF& balanc Sheet and completed notes to the accounts). Checked for the correct completion of th8 AF N1514. 11. Dlr•ctlon 11. Dlr•ctson 11 dlrects Indyndent examlners to id•ntlfy ttems from the
analytical rev1 of the accounts that need to be fOlk•d up for further •xplanatlon or evidence. Any follow up acti)n or request forfther explanatKn can be found at paragraph 13 below. 12. Dlroctlon 12: 1 hav• compar•d th• In. annual rePt wlth th• Accounts. The comrn8nts from both the Marbaging Team (MT) and Internal Auditor (IA) are noted. The absence of a narrative commentary within the AFN 1514 may reduce the overall transparency and limit the context available to stakeholders. Comments 13. The IA comments are noted. I have the followng c4)mments. some of vthich requires actton.. As noted in the Intemal Auditor's (IA) MMents. this marks the second nSecutive financial year in which expenditurè has exixled income, with a reported defiiit of £9,044.98. While thi5 shortfall has nol yet impacted the fund's operatKJnal capa0 or reserves. the emerging trend warrants close monitorinwrtiojEarly given the furNJ's rekance on a substantial UnrestrictedlGeneral Purpose Fund (UNRIGPF) balance. It is inportant to note that the fvnd rrentlY maintains a healthy and realtstic UNRIGPF tangible balance of over £40.000. as refieded in tha Bank Account- Liabiltiies. This provides a strong financial buffer arKI indicates sound financial managemenL Additionally, ther8 are no overspent Restricled Funds. vthith d8monstrates effe¢tlv8 budgetsry control and adherence to fund allocation policies. However, it is observed that fve Resthcted Funds recorded no income or expenditure during the reporting year. A review shoukl be conducted to a&8ess whether the origlnal PUTpose of thèse funds is still relevant and being actively pursued. If no( consideration should be given to repurposing or consolidating thvse funds in line with govemance guidellnes, ensurfng that all resources are utllised effedivety and transparenty. It is recommended thal this high slandard of intemal aLKlit Practi be maintained and carried fop•vard into the next end-of-year audit cyde. Continued nSIStencY in audit quality wlll support transparency, accountability. aThl confthnc in the fund's administration. Date: IndepeThlent Examlnerfs Signature 16AA BOE CB T TEAM S02 2 9 SEP 2025 M3hllLLE EIIRICk' Name: Ma. D Whitecross Apintsent S02 SPS 16 Air Assault BCT
Servlce NoTrPubllc Funds Final Accounts. Managlng Trustee's Rèport. Internal Auditorfs Report and Independent Examinorfs Report (SORP 21x15 MplIant) Regimental Accountant Scheme Army Fom) N1514 (Rev 11109) Unlt SHORNCUFFE GARRISON UNITS Address Sw John Motye Shomdiffq Folkestone. CT20 3FU In respect of the 2 RGR PRESIDENT OF THE REGIMENTAL INSTITUTE (PRI) Fundlcharlty Charity c0mmissionlR6gatr regsslwed ThJMI 1180480 For the from 01 Jul 2024 30 Jun 2025 Managlng Trustse(s) during the pwlod: 01 Jul 2023 05Au 2024 To 2024 30 Jun 2025 Nam• Nam• Lt Col N Moran RGR Lt Col P HouIiorrt MBE RGR From Fund Managor(s) during the Perd. From 01 Jul 2024 To 30 Jun 2025 Ma" Nawal Y&kha RGR Internal Audll¢x($) durkng tho porlod: 01 Jul 2024 To 3) Jun 2025 Nam• Limbj GSPS Audit Ass18tants {durlNJ tho perlod): 21171325 W02 Chewan Tararr corKlucted a ca)mplete wopwty and revlew of Fund's insurance as part of the Bn's SCF Irrtexnai Aud Board in Jun 2025. 3J229654 Sgt Amit Rai conducted a (x>mfv stC# check on trading as part of the Bn's SCF Internal Audit Board in Jun 2025. R•glm•ntal Accountart(s} thring th• porlod: . From From 01 Jul 2024 To To 30 Jun 2025 Nam• Nam• Hombahadur Wonem GSPS
St•temext of Fimneknl Activities &$ at 30106ll025 Paxto P#2elofl Printed: 30106r2025 RGR PRI 2RGR nrestri¢ Designate(VGPF Funds Restricted Fw owTrent Fund5 Totsl FdS Previous Period Total Funds nets1% Res0re¢S luntary Income LO•nlLnBvI ctivities for Generning FUNJS nvesiment Income n¢ome Resources fTom haritable Arlivt¢ies her IncoTnin tal Incoml Re50ur¢¢s esothrets Expended Cost of ener4tiDg Funds 4252.90 1,045. 4.089.74 40.1)96.53 44.349.43 1,045.00 4.089.7 40.642.55 550.(KI 4.480.40 66.347.15 o.Tr) 23.408.03 4.946.33 o.fy) 89,755.18 4.946.33 185.68 79.479.20 3,369.79 128 0.00 osts of Gerternting Fund5 haritable Activiti¢S vernance Costs rants and DatIOnS er Costs t•1 Resoircfs Ez et Ineomingloutgoing urees Before Thosf¢rs n$f¢rs 0.00 0.00 122.071.59 2,121.95 IOJOl.80 18,735.32 153 58.703.62 719.91 5,300.36 11968.17 63J67.97 1.402.04 s,(1.44 5.767.15 145J42.52 1232.33 9,830.57 30,945.16 0.00 o. -1.95727 -9,IM4.98 -W28. ross transfers beNw fund4 internai trdn5fers) et Incoming r¢sour¢u befo oldi ain$ and losses oldln¥ Galn51tA)SSCS ains on revaluation of the haritys fixed assets nrealised Gainth5¢5 nvestment assets et Movement ID Funds oncillatlon of Funds t1 fund# brought forwrd m prevlou$ year otal funds t#rrd forwnl -1.95727 -7Jffl.71 0.00 .90x98 -S&82&64 o.(k) -7,736.48 1,505.10 45117 o.cKJ 1,505.10 1,231.03 09 127.IS2J3 7Q971J7 o. 19&123.72 12 7118 00 190
Paxton+ Bkn Ske¢t- June 2025 Page l of3 Printe41: 3010612025 RGR PRI 2RGR June 2025 of last Fixed A55ets 14.581.69 CAPITAL PROPE]y 3522258 M&G fNVFSTMENTS 12.554.89 / 36.727.68 49,80427 Tothl FixedAssets 49282.57 91.197.IY2 Current BankAccowrt O.(K) Notto be used in this •Jc 435.90 DEBTORS 56.686.52 Siock on Hatml 148J19.44 Totsl CurrentAssets 106,918.08 48,031.90 / 154.949.98 198.123.71 Total A&scts 204232.55 Liabiliiies O.W CREDITORS O.IXI VAT Control 0.00 VAT Payabl¢ l J.648.71 / o.rN) Total Liabilitie5 (13,648.71) 198.123.71 Total A*ets Minus Liabilities 190,583.84 TLrtai Funds 70.97137 Tothl Restricted Futh1s O.(K) Totsl EndowTh¢nt FwKts 0. Tothl D¢sign8ted Funds 127.152.35 Accumulatrd Trading & GPF 63.883.66 . 0.00 I26.7.18 198.123.72 Total FwKb 190.583.84
Paxton+ BAlaKe Ske¢t- June 2025 Page2 of3 Prlnied: 30m6n025 RGR PIU 2RCR Bal Desited Fun& 0.00 R¢&tri¢t¢d Furtds .819.75 RGR CPLS CLUB 2.039.13 ACOY 95928 B COY 3.027.17 CCOY 921.45 DCOY 2.941.71 CSS COY 982.26 PIPES & DRUMS 28,537.98 NAAFI GRANT 56.62 UNIT WELFARE OFFICE FifND 29034 RGR WIVES CLUB (UNDER GM) 3,036.59 J FLYING KUKRIS 5,453.69 JPROJECT CASSINO 68525 2RGR WINTER SPORT 0.00 2RGRAT&SPORTS 6394.94 HQBG ED&WELFARE GLINT 6203.02 RGR TRUST GRANT(CO TO MANAGE) 182.06 RGR 25TH BWK 440.13 HAIR CUT 0. ARMED FORCES COVENANT GRATrrr 9,03725 1,970.90 .675.47 1.653.69 2.103.66 .802.27 599.76 13.138.12 3.061.66 7.34 3.03659 5.453.69 685.25J 7282.42 5.825.31 4545.09 182.06V 440.13 0.00 70,971.37 63.883.66 TlIng and General tknrp)se Funds 0.432.05 Trnjing surplus 0.00 Non Primary Purpose trading surpllls (30.189.09) Generdl PurrM)se Furwl surplus 6.686.68 (7.138.85) (23,757.04) Trading & GPF Surplus 150.W.39 Balance at iast balance she (452.17) 127.152.35 127.152.35 Accumulatal Tr&ling & GPF 126.700.18 198.123.T2 Grand total 190.583.84 Si8nature of tderIF¥j Ma IS JTr/l £
PgxtotrF B21ance Sheet- JMDe 2025 Pt30r3 Printed: 3010612025 RGR PIU 2RGR End of sirUle of Managing Tnts Lt C•1 H¢yJllun-MaYt M6£ Is