Service Non Publlc Funds Flnal Accounts, Managing Trustee's Report, Inlemal Audlt Board Report and Independent Examlnerfs Report ISOFIP 2005 complianll Reglmentsl Accountant Scheme Army FOTM N1514 IAev 11JQg) Unit= Honourable Artillery Company Address.. Finsbury Barracks. Crty Road, LONDON, EC1Y 28Q In Respect ol the Presidenl ol Ihe Regimental Inslilule IPFIII Fundlcharity Charity CommissionlRegulator registered numbei 1188437 For the period from 1 sl July 2022 lo 301h June 2023 Managlng Trusteels) durlng the pertod: From 01-Jul-2022 to 3(Klun-2023 Naffle Lt Col AGE Bate HAC From to Narne From to Name Fund Manager(s) during the perlory From 01-Jul-2022 lo O&JuTr2023 Name Capt T Cardwell HAC From 07-Jun-2023 to 3Nun-2023 Narne Capt C LanfrLey RHA From to Name Intemal Auditorfsl during the period: From 01-Jul-2022 lo 3Wun-2023 Narne Capt PN Hawkins AGCISPSI From to Name From to Name Associate Audltor(s) durlng the perlod: Associate Audilor Associate ALKlilor Associate Auditor Regirnental Ac¢ountsntls) durlng the perlod.. From From From From From 01-Jul-2022 1&0ct-2022 1 &Nov-2022 2>Apr-2023 22-May-2023 lo to to 14-Oct-2022 1&Nov-2022 2&Apr-2023 21-May-2023 3(kJun-2023 Name Name Name Name Name Ssgt Bonner W02 Norman Ssgt Yorke W02 Norman Ssgt Yorke to iafemenl of Financial Aetii'ities as 8130106Q023 PaxtOD+ Pagc LOLI Print￿1. 0810712112) Hof*OURABLE ARTILLF.RI' cO￿1PANy Unrestricted. Designatcd.'GPF Funds ResiTi£led Funds Endowment Funds Toial Funds Previous Period Total Funds Incoming Rewurces oluntary Income ctivitie5 for Generaling Funds Invesimeni Income DCQTne Resources fvom hariiable Activities Iher In¢ominL Resource5 otal IneomiTh i Resources esourees Expended Cost of Jenerating Fund5 Investmeni Managernent C05È5 osis of GeneraLing Funds 'hariiable ACti￿l¢le$ overnance Cosis rants and DonatiotLS ther Costs 0.00 29,80191 538.(M) 29.801.91 5)8.00 18.434.60 6.849.47 6.63 7.733.85 116.215.26 123.949.11 62.854.67 0.00 88.145.37 0.00 0.00 7.809.74. 146.790.49 154.600.23 0.00 0.00 6,718.52 6.95 85,289.3) 92.007.87 6.95 79.i93.07 27.98 1.298.06 8.023.53 ,199.iO i30.934.?Q 16.497.36 138.9.-".73 4. j7).?6 otal ReSOUT¢es Ex ded et IncominglOutRoing esources Before Transfers rjnsfers -213.79 15156.29 0.00 15.642.iO 3,197.i-, ros5 transfers beNeen fiJnd5 inltmal rTansfersl et Incotning resource5 befor olding %ain5 aE)d 10$5es olding GaillslLosse5 iains tsn revaluation of the hariry's fjxed assets nTealised Gain￿LO$Sc5 on iiivestmenl assets 'et Movement ID Fund$ ¢conciliation of Fund5 otal funds brotsghi forward rorn previous ye8r otal lund5 carried fornard 0.00 -213.79 IS856.29 14,642.*0 3.19:. o.oo/ 0.00 15.642.50 -213.79 15,856.29 3.l97.47 10,687.73 39,433.19 iO.120.92 10.473.94 54.289.48 Paxton Staterri¢nt of Financial Activities as at 3010612023 Pag¢lofl Printed: 0810712023 Unrcstrictod Funds Restricted Funds Endowment Funds Tolal funds Prtor period iotal fund5 ncome and endowments Irom: onaiions and legacies haritable aciivites ther trading activities 29,802 29.802 12i.949 538 18.435 62.855 6.849 7,734 538 235 146,790 76 7,810 li4,61YJ 88,145 Jpenditure on: aisinu funds harilable activilies ei 6,699 27 1.298 8,024 6,699 115.762 16.497 138,958 6,)37 74,035 4.375 84,948 115,735 15,199 130,934 ei gainslllossesl on investments et in¢otntl(expenditure) rgnsfer5 bet%i¢¢n Iunds et Moi'ement in Funds -214 15,856 3,198 -214 15.856 15.643 3.198 econciliation of Fund5 otal fi]nds broughf for¥vard otal fullds earried forward 10,688 10,474 i9.433 55289 iO,I?I 65,763 Paxton+ B¥lan¢e Sheet- June 2f123 Lof3 Printed: ffj810712023 HONOURABLF. ARTILLERY COMPANY June 2023 End of lasi ear Balance Fixed As5els O.l)O Capiial Propert 0.00 Tolal Fixed As5eis c￿￿c￿t Assets 46,098.1 I Cuffeni bank Kcounl 0.00 Debiors 10.397.81 PRI Shop 56.495.92 Total Current Asse 66.4iO 9 2237.00 li.gDO.46 7 84.588.42 56.495.92 Totsl Assets 84. j88 4? 6.375.￿ Creditors 0.00 VAT control 0.00 VAT pavable I8.8,)￿ (6,375.00) Total Liabililies 50.120.92 As5eT5 Mift￿ Liabiliiies Total Funds 39.435.19 Toial Restricied Fllnd5 0.00 Total Endm%Theni Funds 0.00 Total Designaied Funds 10,687.73 Accumulaied Trading & GPF 4 j 784. J8 0.00 10.47j.9J 50.120.92 Totsl Funds ",6).4: PaAtoM+ Balance Sheet - June 2023 Page2 of3 Prigted: 08107rA023 PRI HONOURABLE ARTILLERY COMPANY End of la51 car Balance Funds Analy515 Designated Fund5 0.00 Resiricied Punds 0.00 Ex Spartan Ilike 0.00 Cockncy Alpine 0.00 Establishtnenl Grant 0.00 Amcnclie5 Grant 1,825. 17 Winter Ball 200.00 RA Display Fund 6.151.19 HQSqn 2,485.95 1 Sqn 1.793.37 50.00 0.00 0.00 200 00 6.239.00 17,171.44 1.097.3i 14.394.95 5,163.44 3 Sqn 1,859.27 COTPS of DFUMS 2,795.32 Phase 2 Trg 2,54i.91 Phase l Trg 6',640.95 A Bty 110.25 AGC Delachment 0.00 QM Department 5.226.69 %ignals Dinner 1.162.00 Battle Field Siudy Tour 45.1 I XOS Departmeni 0.00 M Tp Fund 0.00 Welfare Support 0.00 Cleaning 1,108.80 Climbing Wall 0.00 Suspense Account 4,35i.40 j ?86.57 ? 845.?6 0.00 0.00 0.00 0.00 0.00 1.108.80 0.00 39,433.19 ?89.48 Endowment Funds 0.00 0.00 Trading and GeneTal PuTPQS¢ Funds 8i9.23 Trading Surplus 0.00 Non PTimic ry Purpose tr,Idinq surplus 1979.?41 GeiiLral Purpose Fund surplii o.ou 1988 071 1140.01 l Tradingj &. GPF surplu% 10,827.74 B(IlJnce al I,i%i bi11£ince %heel 10.687.7i I U.6117.7", ALLiiniulLiied Triiding & GPF 10,47i.94 6).763 4: Paxton+ Bal*nee Sheet- June 2023 Page3 of3 PriDttd: 08A)712023 HONOURABLE ARTILLERV COMPANY End of l&st ear Balance Signaiure of hjc HolderlFund Manager Date Signah]re of Managing Date - P*xlon+ Tri41 Bala￿ce eJurJ Prinledi 1110712023 HONOURABLE ARTILLERY COMPANY Bi£ lance dale lo end of June 2023 All nominal codes 'ithoul co8t centre codes 5hoN AIC Code Name Balance Year Movernenl Bloo Capital Pro PRI Shop Debtors 0.00 B400 Is.9￿.46 5.502.65 B500 2.237.IKI 2.237.00 B650 Curreni bank actouni 66.450 96 20.352 85 B700 Crediiors -18,825.00 -12.450.00 B750 VAT Control o. 0.00 B760 VAT payable Acclhmulaied GPF O.(KJ B900 -10.687.73 140.01 ROOI, Ex Spartan Hike Cockney Alpine Establishrnent Grant -1.793.37 -1.793.37 R002 -50.00 -i0.00 R003 R004 Ameneiies Grant R005 Winter Ball 1.825.17 R006 RA Display Fund HQSq Isqn 2Sqn 3Sqn Corps of DEums Ph&8e 2 Trg Phase l Tr8 ABty AGC tklacbment -200 IXJ RIOO -6.239.lJ) -87.81 RIOI -17.171.44 -14.68i.49 R102 -1.097.35 .017.79 R103 -14.i94.95 -92il.51 R104 -8i7.26 i.00?.01 R105 4.jjN.40 -1 i60.08 R106 -j.?86.57 -749 66 R107 -2.845 )6 3.79? 69 R108 -19.80 90.4_- R109 QM Departmeni Signals Dinner Battle Field s￿dY Tour XOS DepaEtsneni M Tp Fund Welfare Support Cleaning Climbing Wall Suspense Accout)i Rllo .16:.00 R112 -4).11 0.00 R113 0.00 R200 0.00 R300 0.00 0.00 R301 -1.108.80 0.00 R302 o.oo 84.588.4? -84.80? ?1 4O.i?7.14 0.600.91 PaxioD+ Trial Balance P*ge2of4 Prinled: 11107n023 PRI HONOUK4BLE ARTILLERY COMPANY AIC Code Name Balance Monih Movemenl GOOI RFCA Adi, Trg Gram RA YACFIT CLUB AT GRANT RFCA INCOINIE 0.00 G002 0.00 G003 / 0.00 G004 COS FUND GRANTS 000 0.00 G005 Donation to PSI Club 0.00 G006 Donation to PRI G050 DebtOT5 Clearance G051 Shop Profit Buttons GIOI 0.00 G124 G150 Z Glsl Bank Iniere5t -75.89 -75 89 Aciivitie5 income 4.15 Account Closur¢s G152 Unknoiwn BaThk Credits -31.95 G15) Refreshtnents G154 Dinner Inwme 0.00 G155 Subs .225.1)0 GJOO z G400- Sub Lelling5 Transfers In 0.00 G500 Bank Charges G501 BuuoTrs G600 En(ry' Ftts Boxing Prize Giving Golf Grani G601 C602 G603 G604 RFA Subs¢riptiOTLS Winter Ball 0.00 G605 G606 Olficial Fees G607 OTX AdvenDJre Trg G608 Amiy Football Scuba Diving Sofiball 0.00 G610 G611 Sky Dive Kii Repairs ARMY RUGBY UNION G612 0.00 .fj61i Buiions 0.00 0.00 ,G614 Funciion5 0.00 0.00 61 Refllnd Subs 0.00 o.ou Siaiionery .00 P4xton+ Tri#1 Balance PAge3 of4 Printed: I Iln712023 PRI HOP40URABLE ARTILLERTr' (.0￿1PANy AIC Code Name Balance Monih Mov¢meni -6751 G770 P051uge Presenikiiolls 6.95 o.oo o.oo 0.00 Donalions 0.00 0.00 GTanl ¢0 Rcts o.no 0.00 .ffl73 2 Sqn Grant 0.00 G774 HAC. Polo o.Do 0.00 G775 Flowcrs 0.00 .G776 Nordic Skiing Granl Facing Africa Charity Alpine Skiing Refreshments .00 0.00 - G777 000 0.00 G778 0.00 0.00 C800 0.00 0.00 G801 Insurance 220.64 Gun Salute Cos18 0.00 G80i Engtaving Climbing Wall HaTdw'are 0.00 0.00 G804 0.00 G805 0.00 G806 Expendable Property Waterlogic Renial OTX Exchange Cos15 Occassion CaTds 0.00 0.00 G807 1.077.42 0.00 G808 0.00 0.00 G809 G810 Picture Framing Training Expenses RepaiT5 Pass Off Parade 0.00 0.00 G811 0.00 G812 0.00 G81i 0.00 0.00 G814 POLISH & SUNDRIES 0.00 G815 Pro￿ty DepreciaiiioD STOCK WIOFF 0.00 o.oo fj816 000 0.00 G817 Ties 0.00 0.00 G819 6820 G900 Sqn T Shin5 Photos o.oo .00 0.00 0.00 Depreciation Wintcr Ball Trii nsfer 0.00 0.00 G901 Ll.DO D.00 L6J02 Cliinbiiig Wall Trdnsfer Wri1¢ O .ou o.uu 690i o.o(I 0.00 . 6904 TOUI Tr￿sfer$ Out 0.00 0.00 openin￿ -fr4idTrn¥ Siock.. Siock PurLhas¢s.. Reiurns 10. j97.S I -4,09i.U7 Joo? u.o{I PAxton+ Trial BalaN¢e Pgge4 of4 Printed: IJ10712023 PRI HONOURABLE ARTILLERY COMPANY AIC Code Name Balance Month Movement Closing Trading Siock% Wriic OfTs 15.918 51 -1,425 63 T004 n.on T007 Trciding Fxpenses Shop Sales Sales discounis b7iven Piircha5¢ discounrs iaken i).00 0.00 T008 -7,472.75 -728.00 T740 .00 0.00 T750 0.00 0.00 23.942.04 -23.728.25 0.00 -6.324.59 213.79 4*,i24 i9 0.00 P*Alon+ In¢ome and Expenditure- RIDIE co￿3011d41ed - JuTre 2(J23 Prinledi 1110712023 HONOURABLE ARTILLERY COMPANY June 2023 Turnover this month Turnover ear io date GPF Analy%i5 Income Voluniary Income GOO I RFCA Adv TTg Qirant G002 RA YACHT CLLIB AT GRANT G(K13 RFCA INCOME G004 COS FUND GRANTS G(105 Don&ion io PSI Club (M)6 Donaiion ia PRI o. 0.00 Activiiies for GeneTaiing Funds / G050 Debiors Clearance G051 Shop Profil 6101 Bullons 0.00 lThvesm?eDt Income --6125 Bank InieTesi 75.89 75.89 Income Resources from Charitable Aciiviu Trading Income 0150 Aciiviiie5 i￿oine -Gl 51 Accouni Closure5 GI 52 UTLknOl￿ Bank Credits G153 Refreshments 54 Dinner Income 155 Subs 728.00 7.47? 75 4.li 31.9) 7.7jj.8i Other Income Non Primary Purpose Trading Income G300 Sub Lettings o_oo 0.00 0.00 lrtiernal TransfeTS In È400 TTJThsf¢rs In 0.00 0.00 Gains on Revaluation ofFixed Ass¢ts 0.00 Llnr¢ali>id Gain) OD Inv¢Jmint A55ets 0.00 0.00 Cjpf Total Incoiiie 8Ui.SL) 7.809.74 PgYtoD+ Income and EXpendit￿re- RIDIE Consolidated - June 2023 Page2 of7 Printed: 11107n023 PR[ HONOURABLE ARTILLERY COMPANY Turnover this month Turnovei ear io date Exp¢nditure Investtneni Managemeni Cosis G500 Bank Charges fj501 Buttons o.op Coms of GeneTaiing Funds 0.00 Charitable Aclivilie5 TTadinLT Costs 600 Etktry Fees 601 Boxing 602 Prize Giving 0603 Golf Grani ffj604 RFA Subscripiions . G605 WinteT Ball 2G606 Official Fees G607 OTX Adventure Tr .G608 Arnjy Football G609 S¢ttba Diving G610 Softball G611 Sky Dive Kit Repair5 G612 ARMY RUGBY ifNIoN G61) Buttons G614 Functions G615 Refund Subs -5.520 70 6.698.52 o.i)o o.i)o 0.00 20 (K) -$ 4?0.70 Governance Costs "G750 Sialionery. G751 Posta. 6.9) Grants and Donaiiops G770 Prescnlalion5 6771 Donaiions G772 Grani to Rcis G773 2 Sqn Gianr G774 HAC Polo G775 Floivers fj776 Nordic %kiing Grdnl G777 Facing Afiica ChoTity G778 Alpin¢ Skijng 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 o.ou 0.00 0.00 0.00 Other Cosls Non Pritn rj ** pi ri ni ri Pl * ir. Lr. o o Z7.7Z c¢0 f-l 4 f c? e4m a¢ > J c xxi I x ri P4*iryyor.tr-• .*cY> o o xx£x LU LU v LU yc*<<<- in i rl c￿> f4 pi I￿ 5 Additional comments: Signature Name Capl C Lane-Ley RHA Date.. Fund Manager (Regimental Accountant SchemellA¢counl Holder (Audit Board Sehemel 14 Managlng Trustee's Annual Report and Commenls: Unil Honourable Arii118ry Company Address Finsbury Barracks, City Aoad, LONDON, EC1Y 2BQ In Respect ol Ihe President ol the Flegimenlal Inslilule IPRII Funillcharity Charity CommissionlRegulalor regisleTed nurnber 1188437 D8scfiplion ol the charitys trusts This should include: Details, including dale il known ol the charitls governing documenl le,g. Irust dead, will. conslilulion olcl.. and A bri81 explanation ol the charity's objects. Where applicable. you may choose lo give details ol any specific inv8slrnent powers of the charity. Governing Document le.g. Trust Deed. Conslilulionl Thg HAC PRI Conslilulion adopted on 1 sl April 2006, amended 11th November 2iJ)9. Objects ol the Charity The promotion ol efliciency ol the Armed Forces ol the Cro1￿ by the provision and support ol lacililies and activities lor the efficiency and well- being ol service personnel. Explain briefly how trustees are elgcled or appointed and d8lails of any Induction and trustee training attended. Trustee selection melhod On appointment lo Commanding Officer ol the HAC. Trustee induction and training The Management Trustee has attended the Commanding Officer (Designatel Course. The MT and Fund Managers IFMS) are brieled and guided by the Regimental Administration Off Icer on appointment and throughout their lenure. Fms are exp8cl8d lo complete the DLE FM e-learning course prior lo ownership ol Ihe account or within J month ol assumin the appoiniment. Explain about what the charity is trying lo do and how it is going about it. You are onty required lo provide a brief sumrnary ol the main aclivili8s and achievements ol lh8 charity during the yeai In relation to Ils objects. Summary of main aGlivilies in relation lo the Charills objects Advgnlure training, Regifflgnlal Functions and Sportslmililary Cotnpglilions were supportèd by (he PRI lo encourage and actively promote esprit de corps and enhance welfare support lo members ol the Regiment. Summary ol main achievements ol tho Charity during the year The PRI is to make piovision lor memb8rs ol the Rggiment lo participate In sportin9 compotilions, military activities and advanlure training In UK and Europe. 11 also provided a shop lor members ol the Regiment lo purchase 9oods pertinenl lo the HAC. These activities have enhanced unil cohosiveness and morale. Piovide a brief revi8w ol Ihè linancial position ol the charily This should include the principlè types ol income. Financial Review Income from RFCA Grants Shoplolher Charitable Activities Tolal Incorng Total Spend Excoss ol exp&ndilure Nel working capital lor Ihe PRI has d8cr6ased lo £10.6k The cash IIqLJidily slate lor the PFII stands al £66.4k £0 £154,600 £154,600 £138.958 £15.642 Thg Managing Truslee should gsva in their rgport a descriplion ol Ihtr lollowing policies.. For the selgction ol Invoslmenls lor the charlty. Fof determining the level ol income reserves held, staling and explaining the 18vel ol feserves held. Where gTanls are made by Ihe charity. tha sèlection ol Individuals and InstrtLrtKJns byho are lo receive grants out ol the assels ol the charity. Financial reserves policy Financial Reserves held In the Central Bank is not lo fall b91ow the value of the PAI Creditor's ledger without the writtèn authority ol the managing Truslee. Grants made ol Individuals musl be aulhoris8d and agreed by the PRI Comrnittee and sanctioned by the Managing Trustee. Invèstments selection policy and performance ol those investments All funds are lo b8 lodggd with the Central Bank HAC. Provide the name of all Irusteeslthe Managing Trusleels) during the report year. Managing TTuslee's namehrustees, names Ll Col AGE 8ale RHA Serious Incidents Public 8enelil Slalemenl This lund provides public benelrt by assisling seryice personnel lo more offeclively pprform their roles with tho Armed Forces ol the Crown. It does this by providing and supporting social aclivrties and sportintyadvenlu training activities. This assistance enables service personnel lo lace thé challenges and danger associated with ￿lIalary service by developing and maintaining leamwork skn"Ils". fitness,. ¢onlidenco'. character-, spirit and attiludg.. and morale. As a resuS1 the lund promotes the elliciency ol the Armed Forces ol Ihg Crown by enhancing tho British Army's capability lo undertake lh8 roles demanded ol il Including tho de16ncg ol Ihe Unrted Kin9dom and Ils in18rosIs. 11 conlirm I have paid due regard lo th& Chanly Commission ol England and Wal8s's guidanc8 on public bgn81it when deciding what activities the charity should undgrtakè.) This Fund is Tegislered directty wrth the Charilies CO￿Kn15$•0n. All funds lof the Sub Unrts. Phase 1 and 2 and the Cory)s ol Drums are h81d within the PAI as14estricted Funds. The Shop is the onty source ol income lor the lund. sales have femained steaty w￿1h a percenlage profil of 11.5%., this is within my guidelines. There are tsvo debtors, one for lasl years Flank Companya 8all1£22201 vthich was cancelled dug to industial action. This will be carrt8d over to Ihis years ILKlion. The second is a small shop sales made on credit {£171. this will b9 cl8afed this rTh)nlh. The creditors are lor onging AT and Recuriling aclNities. Two ol the Sub Unit Reslricled funds currenlty show larg8 crodits. these will be reduced once they have been invoiced lor their Sqn dinners %•knich were recènlty hekj. . (fr &gnaiure Name Lt Col AGE Bate HAC Dale= ApFM)inlment Commandin Omicer Internal Auditor'slAudit Board Report I have examined the books ol account and records Irorn which the final accounts were preparedand have obtained all the inlormalion and explanalions that were necessary for Ihe purpose ol myinlernal audit. I certify Ihal end of period checks have been conducted in accordance with Service FundsRegulalions. Subject lo the observations given below l am salisfied that proper books of account have been kept and that the final accounts give a true and fair view of the results of Iransaclions over the period and oflhe slate ol the Fund's affairs as al the date of the balance sheet. Subjecl also lo my observations l amsalislied that cash and bank balances and stocks on hand have been properly Checked aiprescribed intervals and that adequate insLtrance exists. I have stamped and the original books of account and the original records Ihave checked. All vouchers relating lo this account have been Cancelled. I have made the following observations whilst carrying out the internal audit.. MANAGEMENT As the Fund's income in this and previous years islhas been in excess of £100k, the Fund is directly registered with the Charities Commision. The formal letters of delegaled financial authority. which have been made by the FM to fundofficials of Ihe Restricted Funds listed on the balance sheet were reviewed on permanent changeover ol FM; Ihese are also reviewed al regular intervals duiing the audit period. Surprise Cash and Bank checks are conducted as part of the Central Bank check. PROPERTY A 100 /0 check of PRI Propety was carried out. There is no Capital Propety or depreciation required. INSURANCE 10. The level of insurance lo cover shop stock was increased followng last years audit, this however is still required to be increased or the quanlity of stock on hand is reduced. TRADING ACCOUNT Stock Checks and POSAC are routinely conducted monthly by the Oiderely Officer. 12. The percentage prolil for the peiiod is 11.56°/o, this is in line with the Managing Trustee's recommendations. which is not lo exceed 25¢1ts. DEBTORS 13. As at closedown there were Iwo debtors recorded, these are.. HAC Winter (Flank Company) Ball £2220 - Due lo the unfortunate lasl minute cancellation of the Ball as a direct result ol the Train Strikes, this debt will be carried over to this year's function. Ll Hall Shop £17 - Shop sale made on credit, this has now been cleared. CREDITORS 14 There are three current creditors. these a￿= RA Media Grant {£2037) - Grant received from the RAI to assist with publishing regifflentsl recruiting, action on this lask need lo be taken or the funds retumed. VAMBRACE ALPINE 24 (£1850) - These are initial personal contributions to secure a place on next yearfs Skning AT. VAMBRACE ALPS (£14938) _ Personal EXPED to Mont ￿anC ￿ter this year. ntributions made lor an AT RESTRICTED FUNDS 15 All Restricted Funds are financially sound. &gnature Name Ca PN Hawktns AGC(SPS) Date: Appointmenl FIAO ComdlS02 SPS - Independent Examiner's Report on Ihe Accounts, and Comments for HAC - PRI Disclosure Section (Only lo be completed il the examiner needs to highlight material problemsldiscrepanciesl Give here biiel details ol any items that the examiner wishes lo di￿lose.. On the notes lo account page 10 shows that the debtors are 0.00 this doesn't match the debtors list or the balance sheet, this is the same for the creditors on the page. For all future audits the notes to accounts should be completed in lull. On the notes to account pages 11 & 12 have not been completed with the restricted funds. For all future audits the notes lo accounts should be completed in ful5. The FM has signed bul should annotate"I have no comments" and strike out any declarations not applicable. On the notes to account lor the managing trustee thè Fund Managers Course completion dale should be inserted into "Iruslee induction and Iiaining" box. The print off should be conducted on the last day ol the audit period. The reports are detailing a print dale 8 Jul 23. This should be noted for next year. Page 5 of 7 of the income and èxpenditure FVDIE Consolidated- The Restricted Fun(i Analysis highlights that there was no expenditure against the 'Olher Cosls.. This doesn't match the SOFA as it can be seen to have £15,199.30 wilhin this expenditure. This error has resulted in the rest of the SOFA figures then being wrong. The unil are lo investigate the bookings. The Income and Expenditure Report does not detail all the GPF analysis as the "R Codes" are missing. This has restricted a full audit of the GPF analysis being conducted. The unit are to ensure all reports are printing correctly for future audits. The MT and IA are thanked for their comments. ComcVS02 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 ol these years. The operation and structure of the Charity is understood In the compilation of this report, I have referred lo the Unit's annual G1 Audit Report. I have examined the AB 397 balances at the end of the audit period. During the next Unit's annual assurance visit an appropriate level ol sampling will be conducted on all accounts and subsidiary books. The Fund operates on the accrual's basis conforming with s.42111. The accounting policies are consistent in application and appropriate lo the activities ol the Charity. There has been no event that has had an adverse impact on the worth of the Charity subsequent lo this report. No Restricted Funds are overspent. Nothing lurther lo report in addition lo Ihe comments made by the MT bul the IA should comment. 10. There has been no deliberate act of misconduct in the administration of the Charity. Independent Examiner's Signature Name Ma J Price Date- 16101124 Appoinlmenl S02 SPS Fd Arm