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 Insti￿le {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
O1￿ul-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 ResOU￿eS 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

P￿t0￿+
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 sU￿lUS
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 c0￿011dated - 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 PUr￿se Trading Income
G300 Sub Lettings
0.00
0.00
0.00
InEernal Transfers In
G400 Transfers In
Gains on Revaluation of Fixed A￿ets
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 Pu￿oSe 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 co￿PANy
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 tra￿ferS
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
Capi￿1 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 EVe￿st 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 sUp￿rt
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
F￿1rt8AfrIea 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 st￿ks
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 Commissio￿RegulatOr 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 Chari￿s 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 2￿6. 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.
Ex￿aIn 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 ach￿VeMentS 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 Funct￿￿5 and Sportslmililary Competitions
were SUPFK)rted by the PRI lo encourage and actively promote esprit de corps
and enhance welfare SUp￿t 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 compelrt￿ns, 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 foll0v￿n9 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 select￿N
policy and
perfonnance of those
nveslments
All funds a￿ to be lodged w￿h 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 sportin￿8d¥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 defer￿e 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 en￿￿f-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