Service Non Public Funds F¢nal Accounts. Managing Trustee's Report. Internal Audit Board Report and Independent Examinerfs Report ISORP 2005 9Mpliant} Regimental Accountant Scherne Am)y Form N1514 (Rev 111091 Unil: Honourable Artillery Company Addre5S'. Finsbury Barracks, City Road, LONDON. EC1Y 2BQ In Respecl of the Presidenl of the Regimentsl Instile {PRI) Fundlcharity Charity CommissionlRegulator registered number 1188437 For the period from 1st July 2024 lo 30th June 2025 Managlng Trusteel81 durlng the perlod: From 01-Nov-2023 to 304un-2024 Namo Lt Col GR Cobb HAC Fund Managerl31 during the pgritxl: From 01-Jul-2024 to O&May-2025 Name Maj JM Patt RHA From 05.May-2025 30-Jun-2025 Name Capt DG Miles RHA Internal Audltorlsl durlng thg pgrlod: From O1ul-2024 to 30Jun-2025 Namo Capt PN Hawklns AGCISPSI From to Name From to Nam• Assoclate Audltor{s) durfng Iho perlod: Associate Auditor Associate Auditor Associate Auditor Reglmental Accountantlsl durlng the perlod: From From From From From 01-Jul-2024 25-Mar-2025 2*Apr-2025 to to to 24Mar.2025 2¢Apr-2025 30Jun-2025 Namo Name Name Namè Namg Ssgt Yorkè W02 Norman Ssgt York9
Statement of FiDaDcial Activities as at 30106r2025 Paxton+ Pagelofl Printed: 3010612025 PRI HONOURABLE ARTILLERY COMPANY Unrestricredl DesignaiedlGPF Funds Re5tri¢ted Funds Endowmeni Funds Tot41 funds Previous Period Total Funds Incoming Resources Voluntary Income ¢tivities for Genernting Funds nvestment In¢ome Income ResOUeS from haritableActivities her Incomin Resources otal Ineomin Resources Resources Expended Cost of enerating Funds Investment Management Costs osis of Generdting Funds haritabl¢ A¢iivilies ovemance Costs rants and Donaiions ther Costs 0141 Resour¢eJ Ex ended Net Incomingloutgoing Resotsrces Before Tronyfers ransfers 21.(M)O.IM) 393,527.08 329.11 249.33 414,527.08 329.11 349.91 23,601.67 0.00 389.44 100.58 6,42223 302.266.99 308,689.22 0.00 723 895.32 135.522.77 0.00 27 522.81 72.51 0.00 159513.88 0.00 0.00 674.773.56 0.00 0.00 0.00 0.00 0.00 680.918.38 4.25 3,688.53 17.636.91 702 248.07 0.00 0.00 60,811.30 5.09 4.215.13 8.784.01 0.00 6.144.82 4.25 32.50 1,751.79 7 933.30 3,656.03 15.885.12 694 14.71 0.00 19.589.45 2,057.80 0.00 21,647.25 -14JOI.65 ross transfers be¢¢n funds intemal transfers) Net Incoming reJourc¢s befo Iioldin ains and losses Holding GainslLosses ains on revaluation of the hariws fixed assets Unr¢ali5¢d GainslLosses on invesimeni assets Net Movement Funds Reeon¢ili4tion of Funds otal funds brought forward rom previou$ year tal funds carried forward 0.00 0.00 0.00 0.00 19,589.45 2,057.80 21.647.25 -14JOI.65 0.00 0.00 0.00 19 589.45 0.00 0.00 0.00 21647.25 -14,301.6S 9,517.96 41,943.81 Sl,461.77 29 107.41 44 001.61 73.109.02
Paxton+ Balance Sheet- Julle 2025 Page l of3 Printed: 30106n025 PRI HONOURABLE ARTILLERY COMPANY June 2025 End of last Balance Fixed Assets O.(K) Capithl Prowty 0.00 O.tX) Total Fixed Assets Current Assets 39,616.38 Current bank account 1.054.05 Debtors 12.439.63 PRI Shop 53,110.06 Tothl CuttentA53ets 48 861.471 3282.0gT 22.108.581 74.252.10 53.110.06 Total Assets 74,252.10 Liabililies 1.648.29 Creditors 0.00 VAT control 0.00 VAT payable 1,143.08 0.00 0.00 (1,648.29) Total Liabilities (1,143.08) 51.461.77 Totsl Assets Minus Liabilities 73,109.02 Total Funds 41.943.81 Totsl Restyiued Funds 0.00 Tothl Endowment Funds 0.00 Total Lksignared Funds 9,S17.96 Accumulated Trading & GPF 44.001.6 0.00 0.00 29.107.41 51,461.77 Toial Fund$ 73,109.02
Pt0+ Balance Sheet- J¥tte 2025 Page2 of3 Printed: 30111612025 P HONOURABLE ARTtLLERY COMPANY End of last ear Balance Funds Analysis Designated Funds 0.00 0.00 Restricted Funds 2.728.91 Ex Sparwi Hike 600. Cockney Alpine O.(N) Esthblishment Grant 0.00 Ameneiies Grdnt 3.925.66 Winter Ball 200.¢)O RA Display Fund 7.368.20 Vambrdce Everest 25 6,089.20 HQ Sqn 10,400.96 1 Sqn 1,964.57 2 Sgn (563.33) 3 Sqn (195.84) Corps of Drum5 3,632.18 Phase 2 Trg 1,487.58 Phase l Trg 830.29 A Bty 85.84 AGC Detachment O.(K) QM Department 235.68 Signals Dinner 0.00 Battle Field Stydy Tour 45.1 I XOS Department 0.00 M Tp Fund 0.00 Welfare Support 0.00 Cleaning 1.108.80 Climbin8 Wall 0.00 Suspense Account 2,628.91 662.18 0.00 6,440.49 200.00 2,094.52 (592.14) 4.423.37 730.63 5,318.99 7,001.02 1,319.13 1,726.46 10,572.51 150.95 170.68 45.11 0.00 1,108.80 0.00 41.943.81 44,001.61 Endowment Funds 0.00 Trdding and General Purpose Funds 1.045.78 Trading sUlUS 0.00 Non Primary Purpose trading surplus (2.001.76) General Purpose Fund surplus 297.41 0.00 19292.04 (955.98) Trading & GPF sury)lus 10,473.94 Balan¢e at last balaNc¢ sheet 19.589.45 9.517.96 9.517.96 Accumulated Trading & GPF 29,107.41 51.461.77 Grand tots] 73.109.02
Paxton+ Balan¢e Sheet- June 2025 Page3 of3 Printed: 30106n025 HONOU114BLE ARTILLERY COMPANY End of last ear Balance Signature ofAIC HolderlFund Manager Dale Signoiur¢ of Managing TTusie¢ te
PAXton+ Income Expenditure- RIDIE c0011dated - June 2025 Page l of7 Printed: 3010612025 PRI HONOURABLE ARTILLERY COMPANY June 2025 Tumover this month Tumov GPF Analysis Income Voluntary Income GIM) I RFCAAdv Trg Grant G002 RA YACHT CLUB AT GRANT G003 RFCA tNCOME G004 COS FUND GRANTS G005 Donation to PSS Club G006 tX)nation io PR[ 0.00 0.00 o.(Ki 0.00 0.00 21.000.00 7.0(Y).sx) 7.000.00 21.000.00 A¢iivities for Generating Funds G050 Debtors Cle¥ran¢e GOS I Shop Profil GIOI Buttons 0.00 0.00 0.00 Investment Income G125 Bank Interest 100.58 100.58 100.58 100.58 Income Resources from Charitsble A¢¢ivi¢l Trading In¢om¢ G150 Activiiies income G151 Account Closures G152 Unknown Bank Crtdils G153 Refre5hmenis Gl 54 Dinner Income G155 Subs G156 ATSubs 21.06 0.00 0.00 6.422.23 0.00 0.00 0.00 -621.06 6.422.23 Other Income Non Primary PUrse Trading Income G300 Sub Lettings 0.00 0.00 0.00 InEernal Transfers In G400 Transfers In Gains on Revaluation of Fixed Aets 0.00 0.00 Unrealised Gains on Investment Assets
PAxton+ Income and Expendi¢ure- RIDIE CoD501idated - June 2025 Page2of7 Printed: 3010612025 pw HONOURABLE ARTILLERY COMPANY urnover this month 6.479.52 Turntsver ear to dale 27.522.81 GPF Total Income Expenditure Investhient Managem¢rti Costs GS00 Bank Charges G501 Bullons 0.00 Costs of Genernting Fund5 0.00 Charitable Activities Trading Cosis G600 Entry Fees G601 Boxing G602 Prize Giving G603 Golf Grant G604 RFA Subscripiions G603 Winter Ball G606 oifi¢ial F¢¢s G607 OTX Adventure Trg G608 Army Football G609 Scuba Diving G610 Sofiball G61 I Sky Dive Kit Repairs G612 ARMY RUGBY UNION G613 Buttons G614 Fun¢¢ion$ G615 Refvrtd Sub$ G616 Adventure Trninin8 -9.668.95 6,124.82 0.00 0.0 0.00 20.00 0.00 0.00 0.00 0.00 o.oo 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -9,668.95 6.144.82 Governance Cosi$ G750 Stationery G751 Po5ta8¢ 0.00 0.00 4.25 0.00 4.25 Grdnts and Donalions G770 Presentations G771 Donations G772 Grant to Rcts G773 2 Sqn Grant G774 HAC Polo G775 Flowers G776 Nordic SkLLng Grant G777 Fa¢ing Africa Clwity G778 Alpine Skiing 0.00 32.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32.50 Other CosL8 Non Primary Trading Costs 0.00
PaxtOD+ Income and Expenditure- RIDIE Collsolidated - June 2025 Page3of7 Printed: 3010612025 PRI HONOURABLE ARTILLERY COMPANY Turnov r this month Turnover 0.00 383.43 Lar 10 date G800 Refreshments G801 Insurance G802 Gun Salute Costs G803 Engraving G804 Climbing Wall G805 Hardware G806 Expendable Property G807 Culligan Water Rental G808 OTX Exchange Costs G809 O¢¢wion Cards G810 Pi¢ture Framing G811 TrairtinbT ExEKnses G812 Repairs G813 Pass Off Parade G814 POLISH & SUNDRIES G815 Property Depreciaition G816 STOCK WIOFF G817 Tie$ G819 Sqn T Shitts G820 Photos 0.00 o.(HJ 0.00 0.00 0.00 0.00 1.368.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42.24 1,7SI.79 Iniernal Trdnsfers Out G900 Depre¢iaiion G901 Winter Ball Transfer G902 Climbing Wall Transfer G903 Write Off G904 Transfers Out 0.00 0.00 0.00 0.00 0.00 0.00 Unrealised Losses on Investrnents 0.00 GPF Total Expendilure -9,626.71 7,933.36 GPF Incorne Over Expenditure 16,106.23 19,589.45
PaxtoD+ Income and Expenditure- RIDIE Consolidated - Julle 2025 Page4of7 Printed: 3010612025 pw HONOURABLE ARTILLERY COMPANY Turnov r this month Turnover ¢gr to dat¢ TradingAccotsnt Analysis Trading Expenditure TOO l Opening Trading Stocks T002 Sto¢k Purchases l Returns T003 Closing Trading S¢o¢ks T004 Write Offs T007 Trading Expenses 12.439.63 15.793.77 -22,108.58 0.00 0.00 0.00 -9.668.95 Trading Income TIM)8 Shop Sales 21.06 6,422.23 In¢ome Over Expenditure 9,047.89 297.41 Non Primary PuoSe Tradin8 Analysig Trading Expenditure Tradin8 In¢ome lricome Over Expendiiure 0.00 0.00
Paxton+ Income and Expenditure- RIDIE Consolidated - June 2025 Page 5of7 Printed: 3010612025 PRI HONOURABLE ARTILLERY coPANy Turnover rhis monih Turnover ear lo date R¢$tricted Funds Analysis In¢ome Voluntary Income Activities for Generniing Funds InvestmeTht Income Income Resources from Charitable Activiti Oiher Incoming Resources 1,432.52 329.11 249.33 1,934.13 393.527.08 329.11 249.33 302,266.99 Total Income excluding transfers 3,945.09 696.372.51 Exp¢nditur¢ Investmeni Mana8em¢ni Co$ts Costs of G¢neratin8 Fund$ Charitable Attivities Governan¢e Cosis Grants and Donations Other Costs 0.00 0.00 674,773.56 13,097.83 110.00 0.00 3,656.03 0.00 Total Expenditur¢ excludin8 iransfers 13,207.83 678,429.59 Intemal Transfers 0.00 0.00 Restricted funds In¢ome Over Expendiliire -9,262.74 17,942.92
Paxton+ ID¢ome Expenditure- RIDIE Consolidated - June 2025 Page 6of7 Printed: 3010612025 HONOURABLE ARTILLERY COMPANY Turnover thi5 m nih Tumover e&T io date Designated Funds Analysis In¢ome Voluntary In¢om¢ Activiti¢s for G¢neraiing Fun(ts Inveslment Income Income Resources from Charitable Activili (hher In¢oming R¢sour¢es 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Income excluding transftrs 0.00 Expenditure Investmeni Management Costs Costs of Generatin8 Funds Charitable A¢iiviii¢$ Gov¢rnan¢¢ Costs Grdnts and Donations Other Costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Expenditure excluding transfers Internal Transfers 0.00 Design8i¢d funds In¢ome Over Expenditur 0.00
Paxton+ Ineome aDd Expenditure- RIDIE Consolidated - June 2025 Page7of7 Printed: 3010612025 ij HONOURABLE ARTILLERY COMPANY Tumover this monih Turnover ear 10 date Endowment Funds Analysi5 Income Voluntary Income Activities for G¢neryJ¢ing Funds Investment Income Income Resources from Chwi¢able Activiir Oih¢r Incoming Resources 0.00 0.00 0.00 0.00 0.00 Total Income excluding irnnsf¢rs Expenditure Inv¢$tmeni Management Costs Cosls of Generating Funds Charitable Aciiviiies Governance Costs Grants and Donations Other Co$ts 0.00 0.00 0.00 0.00 0.00 Total Expenditure excluding iran$fers 0.00 0.00 Iniemal Transfers 0.00 0.00 Endowment funds Income Over Expendit 0.00 0.00
P4xtoll+ In¢ome and Expellditure- All Consolidated - June 2025 Page l of4 Printed: 3010612025 P HONOURABLE AEUILLERY COMPANY June 2025 Tumover ver ear r date GPF Analysis Ineome Voluntary Income Activities for Generating Funds Investmeni Income Income Resources from Chariiable Activiti Other Income 7.000.00 0.00 100.58 -621.06 21,000.00 0.00 100.58 6.422.23 0.00 Total Income excluding transfers 6,479.52 27,522.81 Expenditure Investment Managemeni Costs Cos¢s of Generating Funds Charitable A¢tiviti¢s Governance Costs Grants and Donation$ Other Costs 0.00 0.00 0.00 6.144.82 4.25 32.50 1,751.79 -9.668.95 42.24 Toial Expenditure excludin8 transfers -9,626.71 7,933.36 Internal Transfers Gains on r¢valuotion of fixed assets 0.00 0.00 Unrealised 8ainsllos$e$ on investhi¢nt ass¢ 0.00 GPF Income Over Expenditur¢ 16.106.23 19,589.45
Paxton+ Income 2nd EipeDditure- All Collsolid*ted - June 2025 Page2 of4 Printed: 3010612025 PRI HONOURABLE ARTILLERY COMPANY Turnover tnonth Tumover ear io dat¢ Restri¢ied Fund Analysis Income Voluntary Income Aciivities for Genernting Funds Invesiment Income In¢ome Resources from Charitsble Activiti Other In¢omirtg Resources 1,432.52 329.11 249.33 1.934.13 393,527.08 329.11 249.33 302,266.99 0.00 Total Income excluding trdll5fers 3.945.09 696,372.51 Expendiiure Investment Management Costs Cost5 of Generaiing Funds Charitable Aciiviiie$ Govern4nc¢ Costs Gran18 and Don¥41ions Other Costs 0.00 13,097.83 0.00 674.773.56 0.00 3.656.03 0.00 110.00 Total Expenditure ¢xcludin8 transfers 13207.83 678,429.59 Intemol Transfers 0.00 0.00 Eiestricted TrdS Income Over Expenditure -9,262.74 17,942.92
PaxtOD+ Ineome and Expenditure- All Con$olidated - June 2025 Page3of4 Printed: 3010612025 pw HONOURABLE ARTILLERY COMPANY Turnover this month Tumover car 10 date Designated Funds Analysis Income Voluntary ITKome Activities for Generating Funds Invesimeni Income Income Resources from Charitable Activiti Other Incoming Resources 0.00 0.00 0.00 0.00 0.00 Tothl In¢ome excluding transfers 0.00 Expenditure Invesmieni Management Costs Costs of Generaiing Funds Charitable Aciivities Governance Cost5 Grants ond Donations Other Costs 0.00 0.00 0.00 .00 0.00 0.00 0.00 Total Expenditure ¢x¢ludin8 traferS 0.00 Internal Transfers 0.00 0.00 Designated furtdg Ineome Over Expendiiur 0.00 0.00
PaxtoD+ Income and Expenditure- Ail Consolidated - June 2025 Page4of4 Printed: 3010612025 PRI HONOURABLE ARTILLERY COMPANY Turnover ihis month Turnover ear io dat Endowrnent Funds Analysis Income Voluntary Income Activities for Generathn8 Funds Invesiment Income Income Resources from Charitable Aclivili Other Incoming Resources 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 Totsl In¢ome excluding trdnsfers Expenditure Investment Management Costs Costs of G¢n¢raling Fun(ts Charilabl¢ A¢iivi¢ies Govemance Cos15 Grants and Donations her Cos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Exp¢nditur¢ excluding transfers 0.00 0.00 Iniemal Transfers 0.00 Endowrnent funds Income Over Expendilu 0.00 0.00
PAxlon+ Trial Balance Page l of5 Prinled: 3010612025 PRI HONOURABLE ARTILLERY COMPANY Balance date to eEJd of June 2025 All nominal ¢odes Withoul cost centre ¢odes shown Co Name Balance Year Movement Bloo Capi1 Property PRI Shtsp Debtors 0.00 B400 22.108.58 9,668.95 B500 3.282.05 2,228.00 B650 Current bank account 48,861.47 9,245.09 B700 Creditors -1,143.08 505.21 B750 VAT control 0.00 B760 VAT payable A¢¢umulated GPF 0.00 0.00 B900 -9,517.96 955.98 R(H) I Ex sport Hike Cockney Alpine Establishment Grant -2,628.91 100.00 R002 62.18 -62.111 R003 0.00 0.00 R004 Ameneties Gr4n¢ 0.00 0.00 R(105 Winier Ball -6,440.49 .2(Kl.(Xl -2,514.83 R006 RA Display Fund Vambrace EVest 25 0.00 R007 -2,094.52 5.273.68 RIOO HQ Sqn I Sqn 2Sqn 3Sqn Corps of Drums Phase 2 Trg 592.14 6.681.34 RIOI 4.423.37 5,977.59 R102 -730.63 1,233.94 R103 -5,318.99 -5.882.32 R104 -7,001.02 .7,196.86 R105 -1.319.13 -1,726.46 -10.572.51 4.313.05 R106 Ph l Trg ABty AGC Deth¢hm¢ni -238.88 R107 -9,742.22 R108 -150.95 -65.11 R109 QM Department Si8nal$ Dinner Ballle Field Study Tour XOS Departm¢nt M Tp Fund Welfare sUprt Cleaning Climbing Wall Suspense Account o.(M) 0.00 Rllo -170.68 63.00 R112 45.11 0.00 Rllj 0.00 0.00 R200 0.> 0.00 00 0.00 R301 -1,108.80 0.00 R302 0.00
P*xton+ Trial Bal4n¢e Page2of5 Prinied: 3010612025 PRI HONOURABLE ARTILLERY COMPANY AIC Cod Name Balanc Year Moveineni 74.844.24 -55.254.79 46,247.83 -25.702.40 19.589.45 20,545.43
P&xton+ Trial Balante Page3of5 Printed: 3010612025 pw HONOURABLE ARTILLERY COMPANY Name Balance Monih Movement GOOI RFCAAdv Trg Grani RA YACHTCLUBAT GRANT RFCA INCOME 0002 0.00 G003 0.00 G004 COS FUND GRANTS 0.00 0.00 G005 Donation to PSI Club 0.00 0.00 G006 Donation io PRI -21.000.00 -7.000.00 G050 D¢btors Clearance 0.00 G051 Shop Profit Buttons 0.00 GIOI 0.00 0.00 G125 Bank Interest -1.58 -100.58 G150 Activities in¢orne 0.00 G151 Account Closure5 0.00 Gl52 Unknown Bank Credits 0.00 0.00 G153 Refreshments 0.00 G154 Dinn¢r In¢om¢ 0.00 G155 Subs 0.00 G156 AT Subs G300 Sub Lettings Transfers In 0.00 G400 0.00 G500 Bank Charges Buttons G501 G600 Enty Fees Boxing Prize Giving Golf Grant 0.00 G601 0.00 G602 0.00 G603 0.00 G604 RFA Subscriptions Winier Ball 20.00 0.00 G605 0.00 G606 Official Fees 0.00 G607 OTX Adventure Trg Army Fooiball 0.00 G608 0.00 G609 Scuba Diving Softball 0.00 0.00 G610 0.00 G611 Sky Dive Kit Repairs ARMY RUGBY UNION fj612 0.00 0.00 G613 Buttons 0.00 G614 Funetions o. 0.00 G615 Refund Subs 0.00
Paxton+ Trial Balance Page 4 ofs Printed: 3010612025 PRI HONOURABLE ARTILLERY COMPANY AIC Code Name Bal Monili Moveinent G616 Adventure Trnining 0.00 0750 Stationery 0.00 0.00 G751 Postage 4.25 0.00 G770 Pres¢ntation$ 0.00 G771 Donations 32.50 0.00 G772 Grdnt io Rcis 0.00 0.00 G773 2 Sqn Grant HAC Polo 0.00 0.00 G774 0.00 G775 Flowers 0.00 G776 Nordi¢ Skiing Groni F1rt8AfrIea Charity Alpine Skiing R¢fre$hments 0.00 G777 0.00 0.00 G778 0.00 G800 0.00 G801 Insurance 383.43 G802 Gun Saluie Costs 0.00 G803 Engraving Climbing Wall Hardware 0.00 G804 G805 G806 Expendable Properry Culligon Water Renthl OTX Exchan8e Costs Occassion Cards o. 0.00 G807 1.368.36 42.24 G808 0.00 G809 0.00 0.00 0810 Picture FTamin8 Trdining Expenses Repairs Pass Off Parade 0.00 0.00 G811 0.00 G812 G813 0.00 0.00 G814 POLISH & SUNDRIES 0.00 G815 Property Depreciaition STOCK WIOFF 0.00 G816 0.00 0.00 G817 ries 0.00 G819 Sqn T Shirts Photos 0.00 G820 0.00 G900 Depreciation Winter Ball Transfer 0.00 G901 0.00 G902 Climbing Wall Transfer Writ¢ Off 0.00 G903 C904 TrdllSfrr5 Out 0.00
Paxton+ Trial Balance Page5ofS PrAnted: 3010612025 PRI HONOUIi4BLE ARTILLERY COMPANY AIC Code Balunce Monili Muvemeni TOOI Opening Trading Stocks 12.439.63 T002 Stock Purchases l Retums 15.793.77 0.00 T003 Closing Trading stks Write Off$ -22.108.58 -9,668.95 T004 0.00 0.00 T007 Trnding Exp¢nse$ Shop Sales Sales discounts given Purchase discounts iaken 0.00 0.00 T008 -6,422.23 621.06 T740 0.00 T750 0.00 30,041.94 49,631.39 663.30 .16.769.53 -19,589.45 .16,106.23 0.00
Paxton+ Income & Expenditure- June 2025 Pagelofl Printed: 3010612025 PRI HONOURABLE ARTILLERY COMPANY June 2025 Turnover this month ear io date COST OF GOODS SOLD Opening Trading Stocks Stock Purchases l Reiums 0.00 12.439.63 15,793.77 (A) 0.00 28.233.40 Value of g(M)ds disposed al Cosi Writr Offs Value of closing siock ai cosi 0.00 22,108.58 9,668.95 (Bl 9.668.95 22,108.58 COST OF G(KIDS SOLD (A- B) = (C) -9.668.95 6,124.82 INCOME FROM SALES Shop Sales 21.06 6,422.23 INCOME FROM SALES (D) 21.06 6,422.23 SURPLUS Ineome from sales (Total from D) Deduct cost of goods sold (Tothl from C) SURPLUS {E} 9.047.89 297.41 Gross profit is therefore- 4.86 Q/0 x 100 Trading Expenses 0.00 0.00 NET SURPLUS (F) 9,047.89 297.41 Total Percentsge is therefore: x 100
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Additional comment5= SKJnature Name". Capl DG Miles RHA Dale.. Fund Manager 14
Managing Trustee's Annual Report and Comments: Unit Honourable Artillery Company Address Finsbury Barracks. City Road. LONDON, EC1Y 2BQ In Respect of the President of the Regimental Institute (PRII Fundlcharity Charity CommissioRegulatOr registered number 1188437 Description of the charitys Iwsts This should Include.. Details, including date rf known of the charrtls goveming doc#Jment (e.g. trust deed, will. conslilulion elcl.. and A brief explanation of the Charis objects. Where appluble. wju may choos6 to give details of any $pecrftc investment powers of the Charlty. Governing Document le.g. Trust Deed, Conslilutionl The HAC PRI Conslilulion adopled on 1$1 April 26. amended 11th November 2009. Objects of the Charity The promotion of efficiency of Ihe Amied Forces of the Crown by the provision and support ol facilities and acllvilies for the efficiency and well- bein of service personnel. ExaIn briefly how Irustees are elected or appointed and details of any induction and Iru5t68 training attènded. Trustee seleth'on method On appointment lo Commanding Officer of the HAC. Trustee Indu¢llon and trainin9 The Management Trustee {MTI has attended Ihe Commanding Officer (Designate) Cour50. The MT and Fund Managers {FMs) are briefed and guided by the Regimental Administration Officer on appointment and throughout their lenuTe. Fms are expected lo complete the DLE FM e-learning course prior lo ownership of the account or wthin 1 month of assuming the appoinlrnent. The cuffefil Fund Manager has taken on the role Irmporary due lo workforce aps, the have t lo complele the AA FM course. Explain about what Ihe charity is lThing lo do and how il is going about it. You are only required to provKle a brief summary of the main activities and achVeMentS of Ihe ¢harty during the year in relation to ils objects. Summary of main activities in relation lo the Charity's objects Adventure training, Regimerstal Funct5 and Sportslmililary Competitions were SUPFK)rted by the PRI lo encourage and actively promote esprit de corps and enhance welfare SUpt lo members of the Regiment. Summary of main achievements of the Charity during the year The PRI Is to make provision for members of the Regiment to participate in sporting compelrtns, milttary activities and adventure training in UK and Europe. 11 also provided a shop for members of the Regiment lo purchase good5 pertinent lo the HAC. These actNitie5 have enhanced unil cohesiveness and morale.
Provide a brief review of the financial position of the chanty. Thi5 should indude the principle types of income. Financial Review Income from RFCA Grants Shoplolher Charytable ActNities Total Income Total Spend Excess of expenditure Nel working capital for the PRI has irueased to £29.1 k The cash liquidity state for the PRI stands al £48.8k £415,206 £308,689 £723,895 £702,248 £21,647 The Managing Trustee should gNe in their report a descripti¢)n of the foll0vn9 policies.. For Ihe selection of investments for the ¢harity. For determining the level of income reserves held. stating and explaining the level of serveS held. Where grants are made by Ihe charity. the selection of individuals and inslslutions who are to retsive grants out of the assets of the charity. Financial reserve5 policy Financial Reserves held in Ihe Central Bank is not lo fall below the value of the PRI Creditor's ledger wlhoul the written authority of the managing Truste8. Grant$ made lo indNidual$ must be aulhorised and agreed by the PRI Committee and sanctioned by the Man Trustee. Inveslmenls selectN policy and perfonnance of those nveslments All funds a to be lodged wh the Centrd Bank HAC. Provlde the name of all Iru8teesnhe Managing Trusleelsl durirKJ the report ar. Managing Trustee's nam8llruslees' names Lt Col GR Cobb RHA Serious Incidents Public Benefit Statement This fund provides publ benefit by assisting sefvice personnel lo mo effectively perfomi their roles wlh the Amed Forces of the Crown. It does this by providing and Supporting sockgl activit$ and sportin8d¥en1uIe training aclivitses. This assistan* enables serwce personnel lo the challenges and danger associated wlh milrtary service by developing and maintaining teamwork skills: fitness,. confidence., character., spirit and atknlude,. and morale. As a result the fund promotes the effiaency of the Armed Forces of the Crovln by enhancing the British Arnivs capabilty to undertake the roles demanded of it including the defere ol the Unite(l Kingdom and ils interests. 11 confirm I have paid due regard lo the Charty Commi5sKJn of England and Wales's guidance on publ benefft when deciding what activities the charity should undertake.)
This Fund is registered directly with the Charities Commission and as a direct result of income generated for the Everest Expedition, this year it also requires an iTrJependent examination. All funds the Sub Units. Phase 1 and 2 and the COTPS of Drums are hdd wthin the PRI as Restricted Funds. Tht Shop is the only continuing source of income for the fund. sales have remained sleady however the percentage profil has decreased lo 4.89%,. this is al the very bottom of my guidelines and a review of prices should be conducted. There are debtors out$landing. one for Colonel Commandants Fund {£206.44}, this is for payments made on that funds behalf,. these are cleared the monlh following payTnent. The second is for the Alpine Skiing ATI3075.611. this look place during eartier this year in Feblmar and the PXR ha$ yel lo be submitted. This is lo be addressed al Ihe earliest opportunity- Both creditors are grants recewe(l from l)oth the RAI and RFCA fcrf Social Media expenditure, these lolal £1143.08. One Sub Units 15 ¢UTrenlly overspent by £592.14, this will be cleared once annual sub-units grants affj paid and subs are collected for this training year. Signature Na I Col GR Cobb HAC Oale: Appointment Commandin Officer
Internal AuditorfslAudit Board Report I have examined the books of account and records from which the final acwunts were preparedand have obtained all the infomiats'on and explanations Ihat were necessary for the purpose of myintemal audit. I certify that end of period checks have been conducted in accordance with Service FundsRegulations. Subject lo the observations given below l am salisfied thal 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 ofthe state of the Fund's affairs as al the dale of th6 balance sheet. Subject also to my observations l amsatisfied that cash and bank balances and stocks on hand have been property checked atpresuibed intervals and that adequate insurance exists. I have Stamped and the original books of account and th8 original records Ihave checked. All vouchers re181ing to this account have been cancelled. I have made the following observations whilst carryng out the internal audit.. MANAGEMENT The Fund is directly registered wth the Charities Commission as in¢om8 continues to exceed £1 OOK, however as a direct of the units expedition to Mount Everèst and the large amounts of money that was required to raised. this period has seen incom8 surpass £700k. This means that this fund is now required to be independenlly examin8d by a professional body. The fonnal letters of del8gat8d financial authority. which have been made by the FM to fund officials of the Restricted Funds listed on the balance sheet were revi6w6d on permanent changeover of FM., these are also reviewed at regular intervals during the audit period. Surprise Cash and Bank checks are conducted as part of th8 Central Bank check. Capt Miles assumed th6 appointment of FM on the 21 May 25, this is a temporary measure due to a gapped OF3, they have as yet not completed the A4 FM Urse but are supported by the SFM. PROPERTY 10. A 100°/o check of PRI Property was carried out. There is no Capitsl Property or depreciats'on required. INSURANCE The level of insurance cover for shop stock was again increased lo £20K, this will again need to be reviewed to ensure there is sufficient cover for the current stock holdings. TRADING ACCOUNT 12. Stock Checks and POSAC are routinely conducted monthly by the Orderely Officer. 13. The percentage profit for the period is 4.89%, this has fallen from 17.1 Vo. Although at the bottom end of the Managing Truslee's recommendations a price review should be conducted.
DEBTORS 14. As at closedown there were two debtors recorded. these are.. Colonel Commandants Fund £206.44 - This is made up of payments made on behalf of the Colonel Commandants Fund, as it has no inlemet banking facility- Payments are cleared the month following payment. Alpine Skiing £3075.61- The final group retumed over the weekend 29130 Mar, th8 PXR is yet to be finalised allowing additional funds to be released. This now needs to be chased. CREDITORS 15. There are tAvo current creditors lolalling £1,143.08 these are-. RA Media Grant £293.08 - This is the current balance of an RA Grant lo support R8cuiling Media produced by Ihe Regiment, this has remained unspent for over 12 months- a decision on ils expendilure should be made al the eadi8St opportunity. RFCA Social Media Grant £850, direction is required on at this is to be used for is required. RESTRICTED FUNDS 16. Generally the value of available cash hekl within the Sub Units Funds has increased, this is because the collection of SqrVBty Subs has re-started. The restricted funds listed below are of particular concem: RA Display Fund, XO Dept and Climbing Wall - There has been no mov6menl within these funds during the audit period. are they still required? HQ Sqn - Overdrawn by £592.14. this should be deared at the earliest opportunity. Signature Name Capt PN Hawkins AGC{SPSI Date: Appointment RAO
ComdlS02 SPS - Independent Examlner's Report on the Accounts, and Comments for HAC - PRI Disclosure Section (Only to be completed if the examiner needs to highlight material problemsldisGrepanci8s) Give here brief details of any items that the examiner wishes to disclose-. I have reviewed the Fund's income over the last three audit periods and confirm that ils genuine income has exceeded £250.000 in aggregate. The majority of this income has been generated through organised fundraising and Regimental activities. most notably Vambrace Everest 25 and the Winter Ball. Income streams are clearly identifiable. appropriately recorded, and supported by adequate sourc8 documentation. The governance. operation, and structural arrangements of the Charity are well understood. The Charity IS administered in accordance wilh its staled objectives, with clear lines of responsibility and oversight in place for the management of funds. In compiling this report. reference has been made lo the most rec8nl Amiy Forn N1514, together with the annual G1 inspection report conducted by Headquarters Field Amiy. These documents have been considered to provide contextual assurance and continuity wlth previous assuranc8 aclivity. I have examined all enf-Year balances submitted as part of the audit return. These balances reconcile accurately with the supporting financial records, and no discrepancies or material misstalemenls were idenlified. It is recommended thal. during the next unit G1 assurance visil, a sample check ofthe subsidiary accounting records is conducted. This will provide additional assurance regarding the ongoing accuracy and integrity of the underlying financial records and controls. Th8 Fund operates on an accruals basis and complies with the rèlevant accounting standards and the Statement of Recommended Practice ISORP) as defined by the Charity Commission. Financial reporting is consistent with slatulory and regulatory expectations. The accounting policies adopted by the Charity are appropriate lo ils activities and have been applied consistently throughout the reporting periods under review. No concems were identified regarding their suitability or implemenlation. Independenl Examiner's Signature Name S Heweti Date.. 19112125 Appointment FCCA
ComdlS02 SPS- Independent Examiner's Report on the Accounts, and Comments for HAC- PRI Disclosure Section (Only to be completed if the examiner needs to highlight material problemsldiscrepancies) Give here brief details of any items that the examiner wishes to disclose.. I have reviewed the Fund's income over th8 last 3 Audit Periods and its genuine income has exceeded £250,000. The Unit has confimied that an independent examiner as been appoinled lo audit the account as per policy. The audit report from the independent examiner should be foNiarded to the SPS branch wh8n completed. Indep8nd8nt Examiner's Signature M Towl Name Ma Date: 15109125 Appointment S02 SPS Fd Am