Paxton+
Statcnient of Financial Actii'ities as at 27/03/2024
Pagel ofl
Printed: 27/0312024
PRI
3rd Re
iment Ro
al Horse Artille
Unreslricte(V
Desigiiated/GPF
Funds
Restricted
Funds
Endowment
Funds
Total Funds
Previous Period
Total Funds
Incoming Resources
oluntary Income
ctivities for Generating Funds
Investment Income
Income Resources from
haritable Activities
ther Tncomin
Resources
otal Incomin
Resources
Resources Expended Cost of
enerating Funds
nvestment Management Costs
osts of Generating Funds
haritable Activities
overnance Costs
rants and Donations
ther Costs
otal Resources Ex
ended
et Incoming/Outgoing
esources Before Transfers
ransfers
15,893.87
0.00"
1,572.17
/ 13,352.23
723.21
0.00
0.00
0.00
0.00
29,246.10
723.21
1,572.17
34,487.70
1,438.00
4,870.86
22,738.37
40.00
40 244.41
1? 192.51
120.00
26 387.95 1
0.00
0.00
0.00
34,930.88
160.00
66 632.36
153,627.43
0.00
194 423.99
0.00
0.00
25,786.38
1,794.65
1,468.94-
12,818.84
41868.81
0.00
2,489.75
28,106.77
600.00
1,298.89
11,207.65
43 703.06
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,489.75
53,893.15
2,394.65
? 767.83
24,026.49
85 571.87
10,000.00
2,725.04
131,760.09
4,295.47
10,480.37
65,507.76
224 768.73
0.00
-1,624.40
~17,315.11
0.00
-18,939.51
-30J44.74
ross transfers between funds
internal transfers)
Net Incoming resources befor
holdin% Rains and losses
Holding Gains/Losses
ains on revaluation of the
harity's fixed assets
Unrealised Gains/Losses on
investment assets
et Movement in Funds
Reconciliation of Funds
otal funds brought forward
rom previous year
otal funds carried forward
0.00
-132.00
0.00
-13?.00
-66.87
-1,624.40
-17,447.11
0.00
-19,071.51
-30,411.61
0.00
0.00
0.00
0.00
-9,593.80
4,126.87
-5,751.27
0.00
-17,447.11
0.00
0.00
4,126.87
-23,198.38
0.00
-40,005.41
184,054.19
78,289.79
0.00
262,343.98
178 302.92
60,842.68
0.00
239,145.60

ComdlSOS SPS- Independent Examiner's Report on the Accounts, and Comments
for 3 RHA- Central Bank
Disclosure Section (Only to be completed if the examiner needs to highlight material
problems/discrepancies)
Give here brief details of any items that the examiner wishes to disclose:
On the notes to account for the Managing Trustee the course completion date is to be
included under 'Trustee Induction and Training,.
Fund Managers should be completed for the full period.
Balances on SOFA missing pence so figures do not match.
The FM and IA comments are acknowledged and thanked for being comprehensive.
Comd/S02 SPS Comments
I have reviewed the Fund's income over the last 3 Audit Periods and its genuine
income has not exceeded £250,000 in any of these years.
The operation and structure of the Charity is understood.
In the completion of this report, I have referred to the Unit's annual G1 Audit Report.
I have examined the AB397 balances at the end of the audit period.
During the next Unit's annual assurance visit an appropriate level of sampling will be
conducted on all accounts and subsidiary books.
The Fund operates on the accrual's basis confirming with s.42(1).
The accounting policies are consistent in application and appropriate to the activities of
the Charity.
There has been no event that has had an adverse impact on the worth of the Charity
subsequent to this report. No Restricted Funds are overspent.
Nothing further to report in addition to the comments made by the MT/IA.
10. There has been no deliberate act of misconduct in the administration of the Charity.
Independent Examiner's
Signature
Name W01 E Ga
Date: 26 Nov 24
Appointment VWO 1 DRS BCT

Service Non Public Funds Final Accounts,
Managing Trustee's Report, Internal Audit
Board Report and Independent Examiner's Report (SORP 2005 compliant)
Regimental Accountant Scheme
Army Form N1514
(Rev 11109)
Unit: 3rd Regiment Royal Horse Artillery
Address:
Albemarle Barracks, Newcastle-Upon-Tyne, NE15 ORF
In Respect of the
President of the Regimental Institute
Fund/Charity
Charity Commission/Regulator registered number
For the period from
1171260 1
31-Mar-24
01-Apr-23
to
Managing Trustee(s) during the period:
From
01-Apr-2023
to
15-Sep-2023
Name
Lt Col J Hooper
From
16-Sep-2023
to
31-Mar-2024
Name
Lt Col T Palmer
From
to
Name
Fund Manager(s) during the period:
From
01-Apr-23
to
27-Sep-2023
Name
Maj Couchman
From
28-Sep-2023
to
31-Mar-2024
Name
Maj Axon
From
to
Name
Internal Auditor(s) during the period:
From
01-Apr-2023
to
17-Mar-2024
Name
Maj K Tatters
From
18-Mar-2024
to
31-Mar-2024
Name
Maj S Green
From
to
Name
Associate Auditor(s) during the period:
Associate Auditor
Ca
t Hames
W02 Nea
SS t Armstron
SS t Richardson
Associate Auditor
Associate Auditor
Regimental Accountant(s) during the period:
01-Apr-2023
to
22-Jun-2023
From
Name
Ssgt Alderson
From
23-Jun-2023
to
25-Sep-2023
Name
W02 Brown
From
26-Sep-2023
to
31-Mar-2024
Name
Ssgt Darrington
From
to
Name
From
to
Name

Notes to the accounts (Paras 2 to 12 are to be completed by all funds whlch have a gross income of
£100K or over and those funds already reglstered with the Charity Regulator, all other funds are to
complete Paras 6 and 7 and the declarations at Para 12):
Princi
al Accountin
Policies
Accountin
Conventlon. The financial statements are prepared under the historical cost
convention as modified by the inclusion of investments at market value and in accordance with
applicable accounting standards. In preparing the financial statements the charity follows best
practice as set out in the Statement of Recommended Practice "Accounting and reporting by
Charities. (SORP) 2005 (htt ://www.charit
commission.
ov.uk/investi
ationslsor
/sor
05docs.as
Incomin
Resources. Income is recognised in the period in which the charity Is entitled to
receipt, and the amount can be measured wlth reasonable certalnty. Grants from other agencies
including donations and other income from activities are in furtherance of the charitls objects and
are part of the general 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 close collaborative relationship and the manner in which the
charity's activities compliment those of the Army, intangible income, reflected in time and use of
premises is not quantifiable or measurable and so is not recognised in the accounts.
Resources Ex
ended and Basis of Allocation of costs. Expenditure is included when
incurred or exceptlonally where a commitment is made which requires an accrual when payment is to
be made in the subsequent accounting period. Similarly, where prepayments are made in recognition
of commitments falling due in a subsequent accounting period, the appropriate credit is entered in the
accounts and reversed the following year. Grants payable are included in the SOFA when approved
by the Managing Trustee. Expenditure is recognised in the period in which it is incurred. The
majority of costs are directly attributable to specific activities. Irrecoverable VAT is charged to the
annual report and accounts.
Governance Costs. Governance costs are the costs of professional advice, holding trustee
meetings or committee meetings associated with decision making, any fee for audit or independent
examination and any fee incurred in the preparation, statutory filing, printing or copying of the
annual report and accounts.
Ca
italisation and De
ible Fixed Assets. All assets having a purchase value
of more than £500 are capitalised. The cost of tangible fixed assets are written off by equal annual
instalments over their expected useful lives using the following methods of depreciation:
reciation of Tan
Furniture, fixtures and equipment
Motor vehicles
Straight Line over a period of 2 - 10 years.
Straight Line over a period of 2 - 10 years.
Assets with a life of more than one year but with a purchase value of below £500 are included within
the inventory but the cost is written off in the year it is incurred and is not depreciated over the useful
life of the asset. Where the asset is depreciated over a period of more than 10 years, details of the
item and period are to be provided following the notes on page 13.
Fixed Asset Investment. Fixed asset investments are included at market value at the balance
sheet date. Any gain or loss on revaluation is shown in the Statement of Financial Activities (SOFA)
on page 2.

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:
(1) General Pu
oselUnrestrictedlDesi
nated Funds. These are funds that can be used in
accordance with the charitable objects at the discretion of the Managing Trustee. Designated
funds are unrestricted funds which have been allocatedlearmarked for a particular purpose by
the Managing Trustee and are to be declared in the Managing Trustee's comments in
accordance with Para 12 to these notes stating what they are intended to be used for and
when.
(2) Endowment Funds. Endowment funds are those investments and other gifts accepted
by the unit, the capital sum or propety being held in perpetuity and the income only being
available for charitable 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
when funds are raised for particular restricted purposes. Further explanation of the nature and
purpose of each fund is to be included in the notes to the accounts.
Herita
e Assets. In the course of the unlt's history, the charity may have acquired gifts,
memorabilia, regalia, silverware, antiques and other historical artefacts in the course of distinguished
military service in service of the Crown. The value of these pieces is in large part derived from their
close association with Regimental history which precludes the use of conventional valuation
techniques being applied. Whilst the objects of the charity do not specifically include preservation
and conservation, the pieces represent an essential element of celebrating the unit's history and foster
esprit-de-corps. Consequently the Managing Trustee considers the charity to hold heritage assets
both for functional use and as an element of national history on behalf of the nation. Heritage assets
acquired prior to 1 Apr 06 are therefore not capitalised on the balance sheet but a description of those
assets is disclosed as part of the notes to the accounts. Heritage assets acquired after 1 Apr 06 where
the purchase price is known and which exceed £500.00 are included in the balance sheet at
acquisition value but are not depreciated.
Other Costs. Other costs are those costs not incurred in the undertaking of charitable activity
in furtherance of the objects of the charity, i.e. the provision of facilities, recreational programmes or
activities in furtherance of military efficiency. They are also costs incurred in the making of grants
and donations, in the costs of generating funds, i.e. the costs incurred in trading or fundraising
undertaken by the charity, or in governance costs.

Grants Made. (if total grants are over 5 % of the charitls total expenditure).
The charity made the following grantsldonations:
Grants to institutions
Name of institutions
Purpose
Total number of
grants given
Total amount of
grants paid
NIA
Total grants to institutions
0.00
Grants to individuals
Purpose
Total number of
grants given
Total amount of
grants paid
NIA
Total
0.00
Related Pa
Transactions & Remuneration and Ex
enses
Whilst the charity has a close working relationship with the Army, there are no transactions with the Army
which require disclosure under SORP 2005. The only transactions made by the charity in favour of the unit
are wholly attributable to the charitable activities of furthering military efficiency. The Managing Trustee is
an officer or equivalent and fulfils the role as trustee in accordance with the applicable laws and regulations.
No expenses have been paid to the trustee. In the event that expenses have been paid to the trustee these are
disclosed under the Managing Trustee's comments.
Anal
sis of Ca
ital Pro
Fixtures
fittings &
equipment
Motor
vehicles
Total
Balance b/f
Purchases
Sales & W/Os
Depreciation
Balance clf
769.60
0.00
0.00
595.80
173.80
9,150.00
0.00
0.00
3,460.00
5,690.00
9,919.60
0.00
0.00
4,055.80
5,863.80

Total Value of Investments b Cate
Carying value (market value at beginning of year
Add additions to investments at cost (investments purchased)
Less disposals at carying value (investments sold)
Addl(deduct) net gainl(loss) on revaluation (gainlloss at end of
accounting periodlaudit)
Carrying value (market value) at end of year
Value £
54,507.00
0.00
0.00
4,126.87
50,380.13
Breakdown of Market Values at
Year End
GPFI
Unrestricted
Value £
Restricted
Endowment
Total
value
Value £
Income
during yea-
Value £
Investment properties
Value £
Value £
Investments listed on a recognised
stock exchange
Investments held in unit trusts or other
collective investment schemes
Investments in subsidiary or connected
-'ndertakings and companies
Securities not listed on a recognised
stock exchange
Cash held as part of the investment
portfolio
Other investments
0.00
0.00
50,380,13
50,380.13
0.00
0.00
0.00
0.00
Total
50,380.13
0,00
0.00
50,38V I
List of Debtors
Debtor
Date of Debt
01-Oct-23
Amount
LBdr Waqanaceva
500.00
Total
500.00
There are no amounts falling due after more than one year (delete as appropriate).
List of Creditors
Creditor
Reunion Dinner 2024
Date of Credit
Nov-24
Amount
£68
Total
68.00
There are no amounts falling due after more than one year (delete as appropriate).
10