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SBrvieo Non Publlc Funds Flnal Account8, Man•glng Trusteo'g Report, Internal Audjt Boardl Report and Independent Examlner'8 Report ISORP 2005 complianii R•gingnlal kcounlant Scheme Army Form N7514 (Rev 111091 Unil: 14th Signal Regimenl (Electronic Warfare) Address: Ca4wJof Barracks, Biawdy. Pembrokèshire. SA62 6NN In Rgspeel ol Iha PRI Fund/Charity Charty CommissionlRogulator registered number For the period IroN 1 April 2020 lo 31 March 2021 Managlng Tru8tsal•) durlng tho wrlod: From 01- r-2020 to 314Aar-2021 Nam LtColCFo nal• Fund MaTr•pr(•) durlng the wrtod: From 01- r-2020 1&Au -2020 Nam• E D••halr98-M•rtln From 2A 31-Mar-2021 M Slat•r R Sl n•1• Inl•rnal Audltor(•) durfng t p•rlod: From 01- r-2020 to 31-MaTr2021 N•m• G J D•¥l•• AGC SP8 AA#oclat• Audltorl•) durlnq th• p•rlod: Asscciale Auditor Ass¢xiale Auditor R•gSm•ntal Ac¢ount4nrf•) dullng th• pgrlod: From From From From From From 01- r-2020 O&Moy-2020 27-Ma -2020 02-Nov-2020 2fyJan-2021 to to to to to 05-Ma -2020 28-Ma .2020 01-Nov-2020 1Wan-2021 3144lar-2021 Nam Namo Nam8 Name N•m• M Croft AGC sps t G W•ltor8 AGC sps M Croft AGC sps) G W•lter8 AGC sps L Rlchardson AGC sps Quick Note8 Page 2
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Statement ot Finxncigl Aelivities as 13110312021 PAtom+ PA%elofl Pri•tsd: 2010512021 PRI Re ment EW UnresTTICEed Dcsi¥naiedJGPF Fund5 ¢siricILd Furtds Endowmeni Funds IoEal Fund5 PILVIOUS Period Total Fund5 ncomin8 Re$Otse olunrarn, Income ciiviiies for Generdiing Futtds Dvesmleni Income ncome Rewurces from h4rithbl¢ Ariiviti¢s her IncL)mill Resou¢S 141 lTreomln Resourtts cwurrvJ EApcTrdtd Cost of ¢ner41inR frundi ve&trnrBI Man88¢mcni C051S 051s of Generdling Funds hariiabk Atliviiies overnance Costs 'rnnts and tkJnaiion5 her Costs Tri#1 Re50urceJ F.% IB.1.64 0.00 0.00 0.00 0.00 0.00 0.00 185.64 0.00 822.00 847 9? o.ov 156.16 14,950.60 12.40 14.80 49.712.48 961.81 0.00 64.663.08 984.28 61989.16 52.812.71 Is IS6 752.74 0.00 0.00 4.202.20 0.00 0.00 0.00 20.313.$4 0.00 150.00 9,560.45 JO 023.99 0.00 0.00 24.515.74 0.00 o.oo 0.00 0.00 0.00 0.00 0.00 54.55?.07 0.00 0.00 105,741.34 4.446.53 14.006.98 39 024.72 nded el0rCel Before Trnsftr¥ r•nsfers OJ14.07 2O.650.37 26,961.44 -3.140.6Y 'TOSS Irtsnsfevs btiwten fijnds iniernal Irdn.%f¢rsl el IncominR rtwur¢t5 btfo 41th5 Iu55t oidlnR C•lmYlLo¢s
ins un rcTrJalu#iion ufthe
h#rity's fixed a95eis nrcJlised GainLoSSeS on nve%irn¢nt a55¢15 O.DO 243.21 6Jl4.07 20,611).37 16.964.44 -3,297.46 0.00 0.00 0.00 14.07 0.00 20 610.37 0.00 0.00 26.964.44 .J,297.46 c¢onclll4tlon of Funds ol•1 brouffthl forw•rd prtvioui yt*r otal r4rrl¢d for¥vArd 38.219.92 2J,152.51 OIA72.4J 44 53J.99 4J 902.88 88,4J6.87 Quick Note8 Page 4
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P#xlOII+ B4l#nte Sh¢¢i- M*rch 2021 Pag¢ l of3 Prinied: 2010$12021 PRI 14 SignAI Relirneni IEWI March 2021 ar ixed Assets 6.100.31 CAPIIAL PROPCRrY 0.00 Al)V I'll(i LAPITAL PRI)PFRTV 16243.31 6,100.31 lot41 Fix¢d Assrf5 16.243.31 CutTeni As8ets 42.138.17 CF.N I'KAL EIANK ALLOUNT 0.00 CASH INOT IJSEDI ,849.41 DEB TORS 4.384.fj4 STIKK ON IIAND- SHOP 55,372.12 Toial Curr¢ni A55¢1$ 65.502.33 0.00 1,280.75 5.410.48 72.1¥3.56 61.472.43 1(rtal A&5¢15 88.436.87 0.00 CRF.DITORS 0.00 NOT IISF.D 0.00 C'VAT INO"I" I ISF.I)I 0.00 PVAT (NOT USCDI 0.00 0.00 0.00 o.oo 0.00 Toial Liabiliiies 0.00 61.472.43 '1oial Asse15 Minus l.iabiliiies 88.436.87 To¢al Funds 23.252.5 l Totsl Restrirl¢d Fund5 0.00 'rothl Lndowmcni Funds 0.00 Toial Desisnaied Funds 38,119.92 A¢cumulai¢d'frading & (iPF 43.902.88 44.533.99 61.472.43 Total Fund8 88.436.87 Quick Note8 Page 6
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Paxton+ B14nte Sheet- MJ)r¢h 2021 PAg¢ 2 tsf3 Printed: 2010512021 PKI 14 Si%oal Re%iment IF.WI Funds Analysis Designaied Resrricitd Fllnds 393.26 AGC DET FUNt)s 3,000.00 RF.GT OPF.N DAY 0.00 RF.(rf FAMILIL5 DAY 0.00 REfjIMF.NTAL MINIFSUS FUND 111.15 223 SICISQN IF.Wl kllNDS 835.00 226 SICJ %QN (E.) FUNI)S 552.78 2.17 %1(• IFWI FIINI 747.77 245 SIC¥ SQN IF.WI FIJNDS 1.960.60 SUPPUkl SQUADRI)N tr'IINDS 163.&7 1.ICiklT AID DF."fAC'HMENT FLfNDS 690.78 YOU 111 LI.IIE4 FIJND 2.7fj1.412 14 SR C.nMMIINITY WF.I.FARE FUND 322.00 INT CORPS FUND 41.36 RIItiB Y FUNI) 74.76 ST FLIGIUS GO.kAR'fiN(i CLUB 369.16 liym IMPRQVF'.MF.NTS FIIND 1.2.$0.1.I %GT KfF.N OPtr'.RATIONAL fuND 150.00 14 SIG Rb.(iT C()NSF.RVAI'ION FIJNr) 954.92 C'LAY PIGF.ON fuND 0.00 I.'X MF.RLLIRY CJl.AL IF.R INI)RDICI 2.200.00 fr.X DRACIQN cr..RIA CIT(I fRAII. 20 9.63 F.X MLttCURY %NUWRID&K 20 0.00 Tr.X DRAGON'S P151'E 20 0.00 LANYARD TROPI IY 0.00 EX MERCURY GI.ACIER IALPINF.) 0.00 EX TALISMAN SABRE 0.00 fr.X DRACJON PF.NJAC 6,666.20 EX DRAGON LYNGEN 80 769.43 3.IX)O.00 0.00 283.48 1.418.53 1.4?7.56 16678 Z,288.63 2.488.30 1.096.33 25.711.OX 1.943.88 322.00 153.36 54.96 463.00 0.00 954.92 0.00 0.00 0.00 0.00 23.2S2.31 43.902,88 Endowmenl Fund5 0.00 TTgdin¥ and CJener81 PuFP95¢ Funds 436.49 TTadirt¥ 5urplu5 0.00 Non PTim3ry Purpose iradin8 surplus 4.175.74 General Purp05¢ Fund surplus .257.02 QL5 .(A) g4fO . If 5.057.05 4.612.23 Tradin8 & CIPF suo)lus 32.759.77 Balanc¢ at 1&51 b8lance sheei 6.314.O7 38.219.92 37.372.00 AicvMulaied"Iradtn& GPF 44.533.99 Quick Note8 Page 8
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Paxlon+ Bxignet Sb¢ei- Mgr¢b 2021 P4geJof3 Printed: 2010512021 PRI 14 Si%nAI Regimenl IEWI Elld i)t I L. £&ll. 43 88.4J6.87 Si8niEurc of AIC Hold¢r(Fund Mana8er Dale Si&naiur¢ of Managin Trnsi¢¢ Daie-.-. Quick Notes Page 10
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PaxtOD+ Ineome & Expendliyre- Marcb 2021 P*g¢ I vf Prinied: 20m412021 PRI 14 Signal Regimeni IEWI Mah 2021 nih COST OF (IQODS S(ILD OPENING I"RADINti STOCK5 TRADING sT(K PIIRCHAgF.S,.'RT 53.667.02 4.133.70 0.00 IA) 0.00 57.900.72 VaSu¢ of g£M>ds disposed IE ¢QSI I"RADING WRifE QFFS MESSGULSTS DISPOSALS AI QQST Value oft105in¥ stock ai ¢osl 0.00 0.00 000 0.00 426.88 0.00 0.00 54,692.96 IBI 53.11984 COST OF G(X)DS SOLD IA. HI- ICI 0.00 2.78n.88 JNCDME FROM SALES 109,00 4.034.10 INCnMF. FROM SALES IDI 109.00 4,054.10 SURPLUS Income frum s?1¢5 I loial from DI D¢durl ¢051 of 0d9 sold {lolal fvorn Ci SURPLIIS 109.00 1.273.22 Gr05s profil is thefore., IOOVa 45.78 x 100 TRADING EXPENSES 0.00 16.20 NET SURPLUS {FI 109.00 .257 02 Tothl Per¢entage ig therefore.. loo•/ 45.20 Vo Quick Notes Page 12
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PERCENTAGE PROFrr CALCULATOR Intemal use onl not re ired the chari re ulator FGO OS SOLD Opening Trading Stock 4384.54 Tradlng Sio¢k Purcha$epJRèlums 4233.70 8618.24 Value ot Goods Sold al Cost Trading Costs Items Me&8 Gu8Sts Disposals al Cost Valuè of closing stoGk at cost price 426.88 0.00 0.00 5410.48 5837.36 L)ST OF GOODS SOLD (A mlnus Bl 2780.88 ROM SALES Sales 4054.10 Income from Sales 4054.10 RPLUS Income from Sales IDI Deducl cost of good8 soldlc) 4054.10 2780.8 sUlUs 1273.22 ross Profit 45.78 ./• Tradlng Expenses 16.20 Net Surplus 1257.02 Total Percentage FS therefore.. 45.20 °/0 22 Quick Notes Page 14
Tradlng Account detalls: Tille ol Trading Account P8rc8nlage Profit Current Previous Trading Account 1 23 Quick Notes Page 15
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Note8 to the a¢e¢>unts IParaJ 2 to 12 ar• to b• com¢td by all lund whlch h•v• a 9ro$• Income of £100K or ovèr and thoso fund$ alreody reglstered wlth th• Charlty R•gul•tor, all oth•r fvnd$ •rg to comp5•t• Pamo S and 7 4nd th• d111 at Para 121: Piin untin Conv8ntKTh. The linaneihl statemenls are prèpared under thè historic&1 cost convontion as modrfied by Ihe inclusion ol investments al market valug and in accor(lanc8 with appi¢ablg 8¢counling standards. In preparing Ihe financial stalem•nts th• charity lolh)ws best practieè as $91 out In Ihe Slatamenl of Recommandad Praclico 'AecountSng and reporting by Charities. ISORPI 21)05 (h min Incorne is recognised in the perlod in tha charity Is ant111gd to rec8Wt, and thè amount can be me8sur8d with reasonablg certainty. Grants from other agencies including dgn&lh?ns and other Income Irom aclivitK9s are in lurth•rancè of th• charws objocis and ara part ol the gen?ral funds of th8 charty. A reslrkted fund Is only ro¢ogni$8d whor• thi8 1$ Agreed and explicll condttlon of tha grant Of donor. lDILok. Due to the c1088 collabor8tlvg roLqtSonshSp and thè m8nnor In which the charitys actfvitses complSm•nt thosè of th• Amiy, intan9lble Incorne, relk9cled In tlme and tsso of prern198816 quant[lbla or m•8surabla and $0 b not recognised in the accountg. t . Exp•ndltuTg Is In¢fude(I when Incurred or exceptbnally whorè a ¢9Mmrnent is made whth requlrgs an accrual wh•n paymant 1$ to be made in th8 subsèquènt aceountlng poriod. Sirnilady, wher8 prepaymont8 ar8 mad• In rècognrtlon ol cornmttrnonls lalllng duè In a subsèquènt accounllng perlod. the approprfat8 er•dlt Is antar in th• accounts and r8v•rsed thè lollowlng yoar. Grants payabL9 are included in tho SOFA whèn apprtsvèd by th& Managlng TN8108. Exp8ndttur8 1$ rowgnlsed in the perfod ITr whkh h Is Sncurrod. Tha matorty of c0616 are dlrectty attrfbuiablè to spg¢Kt 8¢tlv4ti•8. IwTe¢ov8rable VAT18 charged lo th• annu81 report and accounls. . Governancg costs arg tho costs ol prol•sslonal holdSng Irwtoe mgellng8 or comrnlttee rneelings &s8oci&t•d with dètisbn rnaklng, any lee lor audtt or Indendant 8xarnlnation and any leo Incurr8d In the pr8rat1¢sn, slatutory lillng, Pflnllng or cotyng ol tho annual rowrt and account8. All as8ets havlng a purchas• valu• ol rnore than £500 ara eapitals¥ed. The cost ol tangible Ilxed ass$ts ar8 wrrt¢gn gff by equal annual ingt8lm•nls ovar thèir ¥xpe¢led useful liv86 Using tha lolh)wing m*th¢4J$ of dgpreclalknn.. Furnilure, fixture3 and equlprn8nt Molor vghlcl08 Straight Llng over 8 of 2. 10 wrs. Strwght Llne ovor a perlcNJ of 2. 10 81$. Assets a lil• ol mor8 than gng year but vlth a purchase valug of b•low £5 arè included within the Inventory but th• cosi is writtèn gff in the year rt Is IrKurred and is not d8pr•ciatod ovèr th8 usetul Iwe ol the 81. Wher8 ihe asset i8 depreckqted over a perlod of more than 10 yèars. details of th? em and p8rlod ar8 to b8 provKl•d lollowlng the notes on page 73. tm Fixed asg8t Inv•strneTrts aro Ineludad At market valuè at the balanc• Shèèt date. Any galn or k)ss on rgvaluation is shown In Ihè Statern8nt of FinaThcl AotMtlos ISOFAI on paga 2. Quick Notes Page 18
St Ls. Purcha¥ed slocks ai6 vJued at Iha k)w8r c08t or net realisablg valu• making duo allowanc6 for any obsdete or 51ow-moving it8mS. untin Funth h•kl tythè eharity are.. enèral Pu e/UnrestnctedlOe81 nal These are lunds that can be used in accordane8 Wlth Ihe chantable oblecls ai the ¢Jiserètion ol tho Managlng Trust88. DèsignBl8d funds arè unre81rIed lunds whh have been allOcat•arm8rked lor a particular purKY)se ty tho Managing Trust90 and are to be declared in tha Mana9Sno Truslea's comm•nls in accone5 vAth Para 12 to the8e note3 slatSng what they are Intended lo b8 US8d lor and when. 121 LIOLL. Endowment fund6 ar• thos8 Inv•slm8Trts an(J other gllls 8cc•pl8d by the unil. Iho capsial sum or property tyoin9 in peTp8luity and the incorn8 only being avaitable lor chari1oty10 us•. 131 Be&L&l. Th860 aro funds thal can onty bè usod lor partleular r•sidelad purposes wlthln thè objg¢t$ ol th¢ ¢h8rity. Re8trictiOn6 arlse when apecrfled by lh& donor or whan funds arè rai5£d lor particular restricted purposes. Further expLgnatbn ol the naluro and purposa of aa¢h fund 18 1¢ bo In¢ludod In the notes lo the account8. yo011 . In th• cour8• of th• unif5 hi$tory, the charily may have acquired gifts, momorabllla, rogalia. SI•[are, antlques and olher h161orfcal artelacts In tho course ol digtlngulshad mllrtary s•Nkè In sèNeè ol th8 Crown. The value ol these p¢6$ In large part d8rfved from Ihelr cb80 a$sc+&th)n wtth R•girn•ntal hlory whth preclud the use of conv?nUonal valuatbn technlques b8lng applied. Whllst tho obl•ets ol tha chartty do nol 3pe¢lfic8lly Include pr8Berv&ibn and conservatbn. the pieces represgnt an •sg8ntKql *18mént ol ¢&bratIn9 thè untt'$ history and foBter esprrt4¥<Os. ConBequently the Managing Truslè8 con8ld•r8 th8 chartyio hold har11a 08Wty bolh tor fun¢tbnal use and aB an e18rn8nt ol ln81 hlslory on b•haN ol th• natK)n. Horn8ga AgS•ts acqulrgd prbr lo l Apr 06 are therefore not capilalis8d on lh• baLanc8 shèet but a daaeripiion of thos• 85Sgts 1$ dlscbjsgd a8 part ol Ihe noteB to Ihe accounts. H•rlt8ga as8•18 acqulr8d aftar 1 Apr 06 whèro tho purchas$ prkè Is known And whl¢h exceed £Sc. are included In th• ld&n sheot ot acquisition valuè but ar• not dèpr•ek41¢d. QLLkn. Other costs are thosg Costs not Incuffed In th8 undèrtaklng ol ChAnO activty in furtherance ol the objects ol th8 Chaty. i.•. pro510n of facilitie6, recroalional programrnos or actMtk8s In lurtheranca of mllftary èffkbon¢y. They ale a160 costs InGurrod Sn lh8 rnaklThg ol gran18 und donations, In th• co$ts tyf Vènèrating funds, l.e. tho costs Incurrnd In tradlfig or lundrai$ln9 undèrtok•n by th8 ¢hadty. or in wvernance cosls. Quick Notes Page 19
- Grants Madè. lil total grants a ovèr 5% gf the charitys total expenditure). Th8 charity made the lollowing grantsldonatKJns'. Grants to l$trtutns amg of Institutn8 Purwjse Total nurnber ol rants iven Total amounl rAnt8 paSd 150.fM) Ramsay Island, FISPB CIo8ui8 ol Conserygtion Rtsiricleil Fund 150.CKJ -?Tht$ to indu5 Purpo Total number ol rant8 Total amouTht of rants ald 352. N¢n Presenlatbn ol A Imenlal ues and uadron colns to vlsilors 352.iJ) Whll51 thg eharty h•8 9 elg59 worklng relatbnjhlp wlth Iha Army, thèr• ar• no transaetbns wlth th• Army whkh requlre di8¢b$ur¥ undor SORP 2W5. Tho onty tr8fisa¢ti¢n$ mgdo tyy ¢harty in favour of tho unlt wholty 8llrfbulablg io the ¢hprltablg actlvtties ol turlhgrlng mllttary olfici¥n¢y. Th¢ Managlng TNBtee l¥ an oflKer or equlvalent and lulllls Ihe role as Ifustee In accordance wth the applicable laws and reguLqtion6. o expenses have b8en paid to the Injslea. In the evenl that exp8nses have been paid to the Irustee thes ara dlsclosad under Ihe Managlng Trustoe's cornrnents. Fixtures fittlngs & 8quipment Molor Total V$hleS Balartc8 blf Purchasès Sales. W/Os. Adlu$trnents Depreeiation B818nce clf 6.1.31 13,091.05 6,100.31 13,091.05 2.948.05 16.243.31 2,948.05 16,243.31 Quick Notes Page 20
Intentronalty blank 10 Quick Notes Page 21
luè f Inv stm nt Valua £ Car ng value Imarkot value at be inning of Add additions lo invèstmènts at cost linvestments purchas9dl Less dis sals al carryin value linvestmenis soldl Addl(dedui net gainlllossl gn revaluatKJn Igainlloss at end of aceounlin PeriaUdi1) Car ng valua Imarkol valual 818nd ol year GPFI Unrestricted Valu• £ Aeslricted Endowrngnt Tot81 valu• Value £ Incom• durln Value £ ar Value e Value £ Inv•stmenl propertres Invasirnenls list•d on a recognlBed stock ex¢han Inv6Strnonts hold In untt Iru8ls or other colleclive investm•nl sch8m•s Ivèstrnonts in subsldlary or connected ndartakln and com nlès secur9 not Ilsled on a r8cognls8d stock ex¢h&n Cash held as part ol the Inveslm•nl portlolio Other Inve8lmont8 0.00 0.00 To1 D•bior W?Marg Grant A(fvgfi¢e Date ol 08bt 24-Mar.21 Amount 1,280.75 Total . Th8fO ar8 no amounts tlIng du& Aftor more Ihan one year Ide181e as approprt&t*l. 1.290.75 Credilor Dale ol Crgdil Amount NIL Total ' There arg no amounls lalllng dtse aftèr rnora than one year Idelete as appropdat&l. Quick Notes Page 22
This gar£ Last y88r £ Gross w es pakl Emplo s National Insurance pahy Pension Contributions pald Total 8taff costs GNe Ihe numbèr ol $mpk)yeeB who wero ongagod In oach ol Iha lollowing activltyas.. This Ar£ L8St yèar £ Costs ol neratin Charitabl¢ actfvities Other lunds Total No indl¥Adual ampbyaè a $algry tsf ¢vgr £60.CKKJ.QJ ThL8 La$t ar£ Audtt or Inde nrjent e¥arninatKin lee 10. Glva d81ail6 ol th• MM• ol tha lndfvldU funds sumrnartjed In the resldcled and ondowment column ol th8 Slatem•nt8 01 Flnanclgl A¢t1vlll ISOFAI. Fund Nam• Fund Bal BIF Incornlng R•$ourc•8 lor od Outgolng A•soLsreès lor Transl• Galns and Fund Bal CIF AGC 091 Funds 393.26 961.97 5BS.80 769.43 Regt Op8n Day 3.000.00 3,OtsJ.00 Famillès Day Rogim$nial MlnSbu$ 803.47 519.99 263.48 223 Sqn 118.15 4.972.SO 3,832.12 1.458.53 228 Sqn 835.00 6.094.00 S,$01.44 1,427.56 237 Sqn 552.78 1,371.(X) 1,757. 166.78 245 Sqn 747.77 3,957.(Y) 2,418.14 2.288.63 Sp Sqn 1,960.60 2,077.50 1,549.80 2.488.30 LAD 163.87 2.561.37 1.628.69 1,096.35 12 Quick Notes Page 23
Fund Nariie Fund Bal BIF Incoming Rèsourca¥ lor perKxI Out90ing Resgurcas for p8ri0d Transf&rs Gains and kissas Funfj Bal CIF Youlh Club 69).78 26,138.50 1,116.20 25.711.08 14 Sig Ragt Communty W8Kare 2,751.92 665.17 1,473.21 1.943.88 Int co¥ 322.1)Q Ru9by 41.36 112.00 153.36 St EluS GKrtIng 74.76 19.80 Gym lrnprovemenls 369.56 199.1X) 105.56 Sgt Keen Op 1,250.15 133.15 1,117.C 14 Sig Regt nsalvain 150.00 15D. Cl8y Prgoon 954.92 954.92 Ex MERCURY GLACIER INordl¢l Ex DRAGON CEFITA CITO TRAIL 2.2Q).Q) 2200.00 Ex MEACURY SNOWRIDEA 181.87 171.50 Ex DFIAGON PISTE 82.65 50.53 32.12 Lanyard Trophy Ex MERCVRY GLACIER IAlpln81 0.00 -'x TALISMAN SABRE Ex DRAGON PENJAC Ex DRAGON LYNGEN o.oo Net tranBl&rs oul and nel h)gsos are to b• ontored as negate Iur•s. 13 Quick Notes Page 24
A tsr1 explanaiion 8$ lo the nalure and purposè ol thé charrtvs Restrkted Funds is lo be provJed. Name of Restricte(l Fund Purpose of fund Income and Expenditur8 for fUnctS and events Igr the good and b8nefi( ol all personnel wrth Iho AGC ISPS) D8lachmenl. Fund raised at annual Open Day an¢J Charlty BAnd Concert 10 us8d ltsr DonatK)n to ABFltsr major chartty ol choice). Fund Aaising lor benefit of 14 Sig Règt IEWI soldiers & maintenancellutufg Costing for next Open Day I Concert. For the gocxl and ben81it ol all families and dependants chIldn wthin the ¢omrnunty tor so¢1 and recreatbn aclivill&s lor tha lamili?s (lay. AGC D•t Funds Aegt Opgn Day & Chanty Concert Rogt Farnilb8 Day Incomè Irom Hlre ol Rgglrn8nièl Mlnlbu8 8nd Expenses Irr9d to kgep vehiclo roadwodhy and roadlogal. Used for good And bèneld ol #ll ranks. Incom• and Expenditure for funclions and events fof Iha good and benfr1 ol all personnel with tha 223 S Sqn. Regimental Minibus FuThJ 223 Slg Sqn IEWI Fund$ Incom• and Expondfture lor funclion8 and 8wnls for tha go(¥J and bon81it 01815 personnel with the 226 SVJ Sqn. 226 Sig Sqn IEWI Funds Incorne and Expendllure lor lunclKJng and 8v8nls lor th& good and ben81 ol All pgTronng1 wrth th? 237 SVJ Sqn. 237 Slg Sqn IEWI Funds Income and Expendllure lor lunc1)n8 and av8nts ltsrth• good and b8nallt ol All ptr8onn$l with Ihg 245 Slg Sqn. 245 Sig Sqn IEWI Ftsnds Incomg and Expenditur• lor lunctk)nB and gvgnts for lh8 gocpJ and benefil ol all personnel wrth Iha Support Sqn. Support Sqn IEWI Fund$ LAD Funds Incorne and Exp8Trdltur8 loi lun109 and +nIS for tho goc*J and bengfit gf all rsonnel wtth the LAD. For the good and benelil ol all chlldren wlthin t community lor soelal and rèerèation Attivrtles. ro ba uièd lor lamllkn¥ and dendantS for larnlty acllvilles, day trlp8 In support ol tha eommunty ift addlion lo income from and upk8etymalnt6nance ol th• Contact housè & Ft$. Ineom• and Expgndrture lor lunctk)ns and evonts lor th• good and b•n8lit ol All p8rsonng1 wmh Ihg Int Corps. Youth Club 14 Slg Fl8gt IEWI Communty W•lfare Fund Int CO Fund Rugby Fund Fundlng for mèmbers ol the unit lor rugby (both codes) trainlng. gvenls and equipm•nt. Incom8 from Go-Karf Hlre and Exp8nses for ronning of Go-Karts ltsr go and benefil ol all membors ol Rgglm8nl and famili8s. Incomo lor k)w k8y purchas•s for mlnor upkeep of the Regim8ntal Gymnaslurn. St Ellglus G0-Karng Club Gym Improvoments Donalbons provwJ8d lor provisTrJn ol basic wewarg IAci118s lor 14 Sig Regl 801diers' on or returning from Opèratk)n$ Sgt Keen Operatlonal Fund 14 Quick Notes Page 25
Narnè ol R•strted Fund Purpose ol funrj Fsjnding provide(J lor thg upkeep of all consery8tion areas in or around Cawdor Barracks. Income and Expenditure lor Ihe running ol Ihe R89ifflental Clay Pigeon Club. Funding lor thè Annual R Slgna15 skiing training camp nd tourn8menl. This will b8 change lo Ex Mercury Glacler (Nordti. This ks a one ofl Mountain walkiny Exp#d In Calffomia, USA. Postponed due to Covld.19. Fundlng lor1118 #nnual R Sig5 Corps Snowboarding chamPnslpS 2020 pericxj. Fundlng toi thè annual rnalor Regimenlal Skllng Expadrtion 2020 Annual R Signals mililary palrol comp8lttion. 14 Su Reg1 Conservation Fund Clay Plgeon Fund Ex Mercury Ghcler (Nordic) Ex Dragon Certa Crto Trail 20 Ex M•rcurySnowrider 20 Ex Oragon'$ Piste 2020 Lany8rd Trophy Ex Mar¢uryGla¢br IAinel Funding for the Annual A snal9 Downhlll Skllng trainlng Camp and tournamenl. This13 a one-off event for 223 Sqn 4dv¥nturo Irainin9 in Au$iralla 21Y20. TAlismAn Sabre Ex Dragon Penjac Fundlng for the annual major R•glmantal Climbln9 Expedil)n In Croalw. Fundlng for the annual major Regirnenlal Skl.Iouflng expgdhlon. Ex Dragon Lgart 80 Horftage as6•ts that arè own•d by Ihg charity but purchas8dlacquiied pr501 to 1 Apr 06 Ar8 not included in the chaiws capital propèrty Val(09 nolg 1.11, A IlsVde6crfptlon ol thos8 ass8t$ 1$ b•bw.' A 3, ststue ol Herrne8 the wln the RHQ bulldln d rnesgengar aka'Jimm whkh18 k)caled oulsld 15 Quick Notes Page 26
12. All ol tho chaiity8 commitments arè providod lor in the aeeounts. No 9uaranlees hava b8gn given lo third partie8. Tha cheriiy has noi racélv8d any b#n8 that ara oulstanding at the yèar.and And sècuréd on As8èts. Tho ¢hariiy has noi granted any k)ans lo insittullons or eompani•s connected with th• chairty. Thè ¢hority dhl not make any •x.gralla paym•nts during th• yaar. Svlliciont resoufCOS aro hok1 in an appr9priat• lorm to 8rsabl$ v¢h fund to bo aFplled in accordanca wtth the m8lrbctk)n8 lrnposed. Th¢ finanGl&l activities, assets and Ihqbilhlos ol all th• chftrivs branch89 01 $8ctlon8 hav• b••n Includ8d. Thé truslo05 have not changed tho year end dato or the1on9th of lh• charltys Ilnancial yyar. Th• eharity has rto dèsignai•d tunds Ilf thèrè are designa1 lund$ Ihe reason ltsr dgslgnallon and whgn ch da$lgnatod lund 1$ Intgnd$d to used by 1$ to bo $tai¢d In th¥ Managlng TN$t•g'8 rowrtl. All the charbtY8 OP8rallon6 are eontlnulng 0ratn9 and there ra op8ralbn8 dkncontlnu8d or uSrod durfng tho year. No funds lunr•strlod, d•slgnat8d, r•gtrfct8d or 8ndowm•nll ar8 ln d•llcR at th• balanc8 8h••t data. The charty has no tntangible as8918. Thor• w•r8 fio Int•r-lund k)an# outstanding al tho bolan¢• $hoèt dato. Non8 of lh• charws luncllonal Ilxed assets hav• b••n r•.valu•d durfjng lh• y•ar and lh• charlty do•• not have a pollcy ol revalualkjn of Ihese assets. The charty ha$ no Bub81dlary cornpanie8. The chArity has rlo rnalerk?I flxed aets whkh have not b8•n captslis•d and Included In th• baL4nc• 8ho0t. No lThtemal Iransl8r8 have oceurra(J oth of re61¢191nthmani lund8. In the 8v•nl th&t & iranslar has taken place, full details of Ihe rea60n lor the transfer ar• dlsclosed in lh8 Managing Trust88'8 commvnts. All Inv661rnaTrts hekl are Investmnt a$$ols in th$ UK unlo8$ tsthglVll80 $tatfj4. Not•.. Where anyol the t1aelarnllons arg not eorrect thgy arg to be cro$B•d out and d1$ proved in the Managing frustee's comm8nts. 16 Quick Notes Page 27
AddilKJnal comments.. GPF l am pleased lo nola Ihat tha GPF Incorne èxcoeded oxpondltura but noto that the GPF surplus of £28,290.68 has reduc8d Ilom last year1£32,119.611. Ntsting this obs?rvation I will conlinue ¢0 ¢ar8fully rnonitor GPF expenditu. Thè Covicj as8ocialed pandemlc has rèstrictad the Mjical &ctlvftl•$ Supported by the Fund duTlng thi$ alit peri¢yJ. Subsequ8ntly funds gained through monlhly subscrlplions bave been usèd to mak• considèrabl8 irnprovement$ to the Juftior Ranks Club (Flaggisl. R•6lrlct•d Purpo•• Fund• The Rosiriciad Purpose Fund incom8 has 8xc8•déd èxp8ndilura. Dua to Ihe pandemlc ih8r• af• a numbor ol Adv Trg and Sport Restrtall Funds thot hav8 not bèan used throughout th Audil Porth. Tho Consgrvath)n Fund haB now bgen ck)8ed and th8 balanc81£150.CQl dono18d to Ramsay Igknd, RSP6. Sour¢M of Inc Th• main sources ol GPF Income 45 monlhty sub¥1£10,896.$01 and sh¢Jp sal•s1£4,054.101. T4e income ralsed Irom thè hirln9 01 the RegSrnental Mlnfous ItB03.471 Is hglplng lo gubsKtl80 rts running ¢08ts though the l mad0 a conldbulbn. Whilst It Is d•glrnbK8 for th• mlnlbus to operate on a prolft basls, It should bè etsnskler8d an asset lor the bgnglit of all A8qt personThal. Thè Youth Cluty Fgceived a substantial granl 01 È18.648.50 from the Arrny Covenant Fund. The granl Is boSng hgld In the Youth Club RestrKtod Fund. PAI ghop Profft PRI shop sal8s have genofatod 45.20% prolrt whKh exceeds the MT'S dlroctlon o110- 15%. It 1$ fagr¢ltabkg thai £426.88 worth ol Stock has béèn wrltt$n ¢ff whlch L8 atlTibutable to Sqn cksthlng wlth outd&igd gub unit Inslgnla. 8olh 01 thu• ¢)beeall)n$ wlll b8 monilor8d throuyhoul th$ nexl audll perbd. l am h¢iwever pleased lo not8 that th• in¢orne from shop sales has Improvo(J consid818bly slnco IHst y8aT1£436.491 though I om w8r• that sornè ol Ihls proftt Is due to 8algs m&d8 latè In thè provlous audrf pork)d that was awaitlng roC•iPt IhTough Me66 BI1. SoufC•• Ot •xp•ndlturn Thè main sourc8s ol expenditure have been a grant to offsèt tha cosl 01 running Ihe PRI rninlbu61£944.971, Fund Insufanco E400.9ei and the purchas8 ol Capttal prop8ty1£13,091.051 whkh hag been us•d to lumS$h the Junior Panks Club and und InsurnTr¢•1£4.96). There is onty on• d¥btor shown whkh haa SIn been ¢l$arod. Cr•dltor• Thgr• am no er8ditor•. 17 Quick Notes Page 28
Caplt•l Prop•rty The folbwing rtems of Capsial Property hav• been purcha89d'. chesterfkI suttes lor th8 Junior Aanks Club, 8 gazebts out(knr lurnitufa lor the Youih Club. Th• value of lh• Capital prtsperty has been depmeiat•d In Ilne wth SeNK• Funds Aègukqtts. Ml•c•llan•ou• Durlng th& la8t audil per the Fund's Incorne exceeded £l(X),000. Thèroloro, In ac¢ordan¢6 wlth Solv& Funds. Regulations tha PRI Fund bg•n regi8t•r8d wlth tha ch8riil•g Commlsslon. Slgnature Namo Capl M SL4t8f Fund Manager IRgglm¥nial Accountant S¢h•rn•yA•oOUA Oat8'. 18 Quick Notes Page 29
MaMgl ng Trustee's Annual Report and Cornments: Unil 14 Signal Regiment (Electronic Wartarol Address Cawdor Barracks, Brawty, Pembrokeshire, SA62 6NN In Respect ot th& PRI Fund/Charity Charity CommlsslonlRegulator regi$l6red number 1191201 Descriplion ol Ihe charity's trusts This should include.. Oètails, including dale if known ol the charity's ernIng documenl16.g. trusi doed. will, constitution èlcl.. and A briel explanallon ol th8 ¢haiilYs objects. Where 8ppllcable, you may chooso to glve detalls ol any speciti¢ nlment powers of the charity. Governing Document le.g. Tru51 D¢•d. Conslilullon PRI 14 Slgnal R8glment IElectronlc Warfarel Conslllullon. Object$ of the Charity Thè promotion ol efficiency ol the Armed ForGes ol Ihe Crown by th8 pro$10 and support ol facilitigs and aclivilies for the efficiency and w811- bein ol servicè efsonn81. Explain briefly how Iruslges are elected or appoinlod and delails ol any Inductlon and Irusiee Ifalnlng attendgd. Tru¥tgè solgctlon methj Managing Trustee selected on appoinlmenl as Commandlng Oflicoi Tru$l¢e indu¢llon and tralning The Managing Trusleg has attended the Commandlng Offlcer (Designalel Cour88. Fund Managers are required lo complete the FM e-Learning Couise which Is ho8led on the Do1on¢è Learnin Portal vllhln 1 monih of a88umln inlmei Quick Notes Page 30
Explain about what the charity is lrylng lo do aftd how it is going about it. You are only iequired lo provide a brief summary ol the main activities and achievements ol the charity during the year in relation lo its objects. Summary ol main actsvrties in relation lo the Charity's objects Sports. thenlure training and grants lo team buildinun$t cohe$ion activities. Summary ol main achievements ol the Charity during th8 year Duè lo the pandemic Ihg typical actlvillès havo not been achiovable. Fund has howèver gNen considerable support to th6 Olhaf Ranks Club. Provkl8 a brief r8vl8w ol the Ilnanclal po8illon ol Ihe cttadty. ThlB should Include tho prSncSple typès ot income. Financ*1 Reviow The maln sources ol Income have been rnonthty subscriptions and shop profit. The Fund 1$ In a hoallhy financlal stale. The ManagSng Trusl8e should gSve In Ihalr report a d88crlpllon of the lollowlng wllcle8'. For the selection of Investments lor the charity. For determining the leve5 ol Income reserves held, slallng and explainlng th6 level ol fosèrve$ hèld. Wh8re grants are made ty the chafity. th8 selection ol individuals and institutions who are lo recelve grants out of the assets ol Ima charity. Financial reserves policy The Fund shoukl maSnlaln a work4ng Capal ol al least £5000. Inveslments selecth?n policy and performance ol those invgslments None Quick Notes Page 31
Provi41 è the namo ol all Irusteesllh8 Managing Trusteelsl during the report year. Managirg Trustee's nameilruslees. names Ll Col C Fogaty MBE, R Signal$. Serious Incidents None. Public B&nelil Sialemenl This fund provides public benefit by assisting service personnel lo more effectsveSy perform their roles thIn the Amied Forces of the Crown. 11 doe$ thi$ by.. 'a. Providing and supporting mess facilities and 80cial activities. "b. Providing and supporting sporting and adventure training activllles This assistance onables sgryice personnel lo lace the challenges and dangor associated with mililary service by developing and maintaining le8mwork,' skills,. Itn8ss,' Gonlidence.. character,. writ and attitude,. and morale.. As a rosull the fund promotes the efficiency ot the Armed ForGe$ ol the Crown by ¢nhancing thg Britssh Armls capabllity lo undertake the roles dgmanded ol It Including Ihe dolonco ot ltte United Kingdom and ils inter651s. 11 confirm that I have paid due regard lo the Charty Commisslon ol England and Wales'8 guldance on public benèfit when dgciding what actlvlli88 th8 ehari should undertake . 'delete as appropnalo. J•1 Quick Notes Page 32
Additional comments (include any dèclarations which were nol correcl (Pg 1211311.. 11 is noted that the PRI shop profil has exceedecj my diraction. The Fund Manager is lo r8Vl8w the exisiting business model and ensure this matter is not repealed. As the Fund Manager has slated, due to the Covid 19 pandemic there have unlortunatety been limited opportunities lor the PRI lo support the main activities in relation to Ihe Fund's objectives,. sport, adventure trainlng and team building events. 11 is however pleasing to nol8 that the PAI FurKI is financially sound and, when circumstances permit. it will be able 10 SUPPOrt the usual activitles. Signaluie Nam¢ Lt MBE Date: )pointment Mana In Twslee Quick Notes Page 33
Internal Audltor'91Audlt 8oard Report I have examined the books ol account and records from which the final aceounls were prepared and have obtained all the information and explanations that were necessary lor the purpose ot my Intemai audit. I certify that end of period checks have been conducted in accordance wilh Service Funds FlegulatK)n8. Subject to the observations given below l am satisfied that p¥oper books ol account have been kept and that the final accounts give a true and lair vièw ol the results ol transactions over the perul and ol the statg Ot the Fund's affairs as al the dale ol the balance sheet. Subject also lo my obseNalions. I am sa1151ied that cash and bank balances and stocks on hand, have been properly checked al prescribed intervals and Ihal adequate insufanee exists. I have stamped the oiiginal books ol accounl and Ihe checked Ihe odginal records. All vouch6r$ relating lo this account have been canc6118d. I have made the following observations whilst carrying out thé intgrnal audit.. Man•gom•nt a. Pr•vlou• Oburvatlon•. All observation$ Irom last year's End ol Year Audit have beén aellon8d. b. Sto¢k Ch•ck3. The FM is reminded ol the réquirement lo complete end ol month stock checks. though il Is acknowleded thai due to thg pandemic il has not always beèn possibl$. c. Prwrty Ch•ck•. Th8 mandal8d Property chaeks have taken place throughout the yèar. d. Wrlto Off•. £426.88 worth ol stock has been wr¢tt8n off whlch equate$ lo 33% 01 the prolll made from Shop sales. Ther8 need8 lo be a robust monitoring ol stock items lo ensure they do not got oul ol dale. e. Fln•nclal Pl•n. I strongly encourag8 the Fund Manager lo produce a Flnancial Plan lo help loreca81 Income and expenditure. Exc•M ol Incom• ov•r Exp•ndllur• l. The &x¢¢$s ol income over expenditure lor Ihls audit period was 6,964.44. Whilst th18 1$ a siglIcant impiovernenl on last yearfs figuf81-£3,297.461,11 is mainly attributable lo the substanllal grant thai the Yolrth Club received. A••trlcted Purpos• Fundi. g. Unuiod R••trlctsd Fund8. Due lo the pandern a numb8r ol sport and adventure training orienlaled Reslricled Funds have not been used throughout this Audit Perh*. 11 there is no Inlentlon to Use them in the luluro the Fund Manager Should consthr closing the Funds. GPF Analy81s h. The GPPS in¢omg has exceeded expenditure by t6.314.07. However, as prevK)usly staled. the Ilmita(ions placed into effect due to the pandemic hove un(k)ubledly limit&d the Fund's ability lo support the Fund's main aclivilies. ILS Quick Notes Page 34
Trading ALeounl ProfSt. As noleil by the Fund Manager, the Fund has made 45.20% profil which signrficantty exceeds the Managing Trustee's direction. There needs lo be a robust moniloring ol both the cost and selling price ol all stsxk items held wlthln the PRI during tho next accounting penod. j. In8urJnce. The value ol stock held I£5.410.481 exceeds the value held in the Insurance Poli¢y1£5.0001. The insurance pdicy musl be amended immediately or $lock holdings reduced. k. val of Oponlng and Closlng Tradlng Stock. Due io a PAXTON conliguaralion error, Ihe valu88 01 Opening and Closing sloek IT001 and T0031 shown are incorroct. This is attributèd to the proces5 01 conducting monthly Prolll and Loss reports which aggrégaled the r8spectiv& ligules. Howevgr. thèy do remain in proportion to each other and Ihè profil made is confirmed as bging correGI. D•btor• l. l arn aware Ihat the d9blof of £1,2870.75 has racenlty bean cleared. It roprgsgnted lust 1.4% of the Fund'g total ourrenl assets. Cr•dltor• m. Therg aro no ¢redllors. Signature Name Ma orG Da Dale-. Appolnlment RAO I Inlernal Audilor ILX Quick Notes Page 35
Com¢VS02 SPS- Indepetmlent Examlller's Report on the Accounts.. 4nd Loromenls Disclosure Seciion Ionly to be completed if ihe examiner need.s to highlivhi mllierial problemsldis¢rcpatiLie51 Give here brief details of any items ihat the examiner wishes to disclose Coni(V502 SPS ummenis- PRI I huve reviewed the Fund's income over ihe last Ihrec dudil P¢T1% and il's gcnuine income has no¢ exceeded £250k in any of these years.. FY 18119 £184.2.12.37. FY 19120 £1.$6.7.52.74 and FY 20121 £65,989.16. The 0ratiOn and Siructu of ih¢ Charity 15 undcrstwd. The unli ha% not yet conducied its annual assurance due w COVID-19 irav¢l Tesiriliions and so ihe report has noi been ref¢rr¢d io in Ihe compilation of ihis reFK)rt. A Sample of accounis will be condu¢ifyl once visils hav¢ rc4umed. I have ¢xamined the PAXTONIAB 397 ba]ances at the end of ihe audit riod. The final accounis ond report from thc 2020 G IA Self-Assessmenl Question set hav¢ r¢vealed no unusual ilems. unexpected fluctuniions or incon%is*ncies. The asseLs and liubiliiies are consisnE with ihe iype of activiiies ihe charilies 0rales. The Fund operdles on an accrual's basis conforniing wilh %.42111. Th¢ accountin8 policies are consisieni in appltcaLion and appropria1¢ io the activities of thc Chariiy. There has been no eveni thai has had adv¢rse iTnPaCt on ihc worth of ihe charity subsequent io this rert. No res(ricied funds Are overspent. The and IA are io note.. Th¢ ¢omm¢nis of ihe Fund Manager. Managing Trustce and Auditor are noted. Thc perforniance of the fund in relation io the ¢urrtni COVID-19 5iluation is noted and under4100d. As th¢ MT and Auditor noied th¢ % profil is very high and musl be reviewed. The 5upp)ning accounis include a manual OA profil cal¢ulaior due io a ¢omw>unded opening Irdding SioL'k riguTC in the Paxton accounis which does not refleci realiiy. There have been no deliberaie acts of misconduci in the administration of the charity. 10. 1ndendertt Examiner's Signature Name ile5 Date: 23106r21 Appinrmeni $02 SPS 160X Quick Notes Page 36
Quick Notes Page 37