Service Non-PulJlie Funds FIDxl Accounts, Mana%ing Trnst¢e'$ RepoT( lrtttrnal Audlt Board Rtport and lttdependent Ex#miDer'i Report (SORP 25 compliantl Regimental Ateoun¢Attt Scheme AThJy FOTM N1514 {R¢v I1,fj91 Unir 29 ReKlme•t RLC Duke of Glomitstrr BIrr•4 5oMth CttDry. GloutwtTshlre. GL7 5RD ID re5pc¢i of the Fun&Chui Chan'ty commi5510sUlltor rcsithThmb¢r 11919551 For the Fri(hl fwom 01 Apr 22 31 M•r 23 M¥Jnging Trnstce(i) during the ptrlod: 01 Apr 22- 31 M#r 23 From OIA r22 31A 22 Nam Lt Col J S MODS RLC From 08Au 22 to 31A 22 Name R D#rke RLC From Olse 22 31 Mr23 Nme Lt Col E Sed ick Fund MaDger(5) durlDg the perlod: 111 Apr 22- 31 Mar 23 From OIA r22 to 31 Mar 23 ' R Drk¢ RLC From to From To Ngme From to Name Internal Audltor(s) durlng th¢ per1. 01 Apr 22- 31 Mr 23 From OIA r22 31 Mr23 Nme Mrlcoo From to N8mt From to Name AsSOtlate Audltor(s) duriThg the perlod: A&sOCle Audiwr A550¢iii¢ Auth"ior kno¢ia* Audiior
RegimtmtAi.4ttMntallrfsl d•TiD¢ the wiod: 01 Apr 22- 31 23 l Fr•v 03 1111 22 S A Boprne sps 18 111. 22 Li A Woodwgrd sps 06 Noi. ?2 A Bourne sps Fn 31 llar 23 ! .lme ¢ A W'Th)dward sps Fn xme Fr l .Yame I Pxmt
Statement of FlnAnci#l Activities as at...Jl M4r 23.... (dgte) Notes to the Ateounts IPBras 2 to 12 are to be tompleted by All fund$ whlth have • gross income of £IOOK or oi'er and tbose fuDd5 alrt#d)' registered Mltb the Charity Regulator. IU other fund$ gre to eomplete P#ra5 6 and 7 the d¢clAr*tlOJ15 at Par4 121: Princi al Accountin Policies Accountin Convention. Th¢ financial stalcm¢nis are preparryj under the histori cost convention as tnodificd by th¢ inclusion of inve5thients at markd value and in accoTdance with applicable accounting standards. In preparing thc financiai slaicments the charity follows be51 prattic¢ as set out in th¢ Statern¢nt of Rccomm¢nded Practice 'Accounting and Reportin8 by Charities. ISORPI 21K15 it :Ilwww.chan i&sion. v.uklinv ti tiOnS0 5docs.as Incomin Resources. Income is r¢cognisty] in the period in which th¢ tharity is entitled to receipt. and the amount can musuTed wilh reasonable certainty. Grants from other agenci¢5 including donations and other income from activiti are in furtherance of the charity's objects and e part of the general fiJnd$ of the charity. A r¢strictal fund is only recOlS¢d where this is an agreed and explicil wndition of the grani or donor. ntan ible Incom Due to the close e4>llaborative relationship and the manner in which the charity's activities compliment those of the Arniy, inlyngible inwm< reflected in tim¢ and of premises is not qu¥ntifiable or masurable and so 15 noi reco1$ in the aeeounts. R&qources Ex and Basis of ion of ts. Expertditure is included wh incurred or exceptionally where a commithient is mad¢ whith require5 accrual w.hen payment 15 to be made in the subsequent aceounting period. Similarly, where PraYMentS are madc in recognition of commitments f¥lling due in a subsequent accounting wiod. Ihe appropriate credil is entered in ihe accoun15 and reversoj the following year. Grants payable ar¢ included in th¢ SOFA when approv by the manart8 TnL51ee. Expenditure is recognised in the period in which il is inouThed. The majority of cos15 are direcily aitribulJble to specific activilies. Irrccovcrable VAT is char8oJ to th¢ aaivity for which it was ineurrcd. Gov Cost5. Governance costs ar¢ the costs of profcs5ional advice, holding ¢nLStee mc¢ting5 or cornmiltee mtttings &8so¢ialed with decision making. any f¢¢ for audit or independeni examination and ony fee incurred in Ihe preparation. sloluiory filing, Printin or ¢opyinbT of ¢hc annual report and accounls. italisat ation of T 'bl ixcd Assels. All assels having a pUrChe value of more than £S(MTr are capilalised. The c05t of tanbiible fixcd assels is ]llen off by equal annual instdm¢nls ovcr their expeLled us¢ful liv using the following mixho(ts ofd¢prwiaiion.' Fumilure, fixtures and ¢quipment Motor v¢hicles Siraibhi Lin¢ over a perivd of 2 - 10 years. Strai¥hi Line ovcr a period of 2- 10 ycars. A5Kt5 with a life of more one year but with a purch valuc of below £5(X) are included within the inventory but the c05t IS Written off in the year it is incurred and is noi deprecia¢ over ihe u%ful life of the &ssd. Where the &s5Ct is dcpreciated over a lod of more than 10 years. details of the itan and period ar¢ to be provided following the rtoies on pagc 14. Fixed Asset Investments. Fix1 &s5et Inv¢nI5 are included at markei v¥lu¢ ai the balance sh¢et dat¢. Any gain or loss on revaItiOn 1$ shown in th¢ Siatement of Financial A¢tivili¢s (SOFA).
Stocks. Purchasaj Stocks are vducd at the lower cost or net reiSable vdue making du¢ allowance for any obsolete or slow-moving items. Funds Accountin Funds held by the charity are.. Gcneral P s&unreStrict IDesi atcd Funds. These are funds ihat be used in accordance with the chpn"lable objects ai Ihe discretion of th¢ Managing Trusiee. Designated funds ar¢ unreslrictcd funds which have been allouicW¢amiarkal for a particulat purpose by the Managing Trustee and are lo be declared in the Managing TnteeS comm¢nts in acwrdance with Para 12 to thes¢ TK)tes stating what they are Intend io b¢ usd for and wha). {2) Endowment Fund& Endowment funds ar¢ tlw inv&strnents and other gifts accepted by the unit, the capital sum or proputy being held in pupetuity and th¢ in¢om¢ only being available for dwithble use. {3) Reslricied Funds. Th¢s¢ are fimds that can only be used for particular rtrictj purp05¢5 within the objects of the tharity. Restridions arise when specified by the donor or when fiJrtd$ 4r¢ Taised for particular r¢stricted purposes. Further explanation of the nature and purpose of each fimd is to b¢ includoj in th¢ notes io th¢ ae¢ourtts. eTita e AsseLq. In th¢ ¢OUTS¢ of the unit's history, th¢ ¢hority m¥y hav¢ aqUIr gift& memorabilia. regalia, silverware, antiques and Oth historica] artefacts in the course of distin¥uished miliiary service in service of the Crown. The vuC of ihese pieces is in large part duivcd frorn their close associaliort with Regimental history which precludes the of nVentiOnal valuation techniques being applied. Whilst the objects of th¢ ¢haTity do nol specifically include preservation and conservation. the pieees reprcs¢nl es5enlial element of celebraiin8 the unil's hL510ry and foster esprii-d¢-COTPS. consentLY, the manan8 Tnlee considtts th¢ charity to hold heritag>e assets both for functional use and &$ an elemeni of national history on behalf of the naiion. Heritabl¢ JS5e15 aequired prior io I ApT 06 Jr¢ th¢r¢fore nol Capi15¢d on ihe balance sheet but a dcscription of those aS5et5 15 disclosed as part of the notes lo the accounls. Heritage ¢15 acquircd oftei l Apr 06 wh¢r¢ the purch&8e price is known which exceed £51KI.00 ¥r¢ Incl1 in the balance sh[ acquisition value but are not deprcciat¢d. Other Costs. Othw Costs w¢ thos¢ cost5 nol in¢urr•J in the undertaking of ¢hariiable activity in fiheranCe of the objects of ihe charity. i.e. Ihe provision of facilitie5. recrcational prob>ramm¢5 or aclivi¢ies in fih¢ran of military efficiency. Th¢y ate also ws15 incurr1 in the making of 8Tanls and donaiions. in the cosls of generdling fvnds, i.e. Ihe costs incurred in trading or fundraibing und¢rtak¢n by thc ch8rity, or in 8ovmJane¢ ¢osts.
MaDaging Trust¢e'5 Report ind Comments: Unit.. 29 Regt RLC Address.. Duke of Gloutes¢er Bk& South Cerney. CiTeDeester, Glos. GL7 5RD. Charity name and Charity ComrnissiowRc8ulator lStered number: PRI Description of the Chlty,S In1$ This thould include.. Details. including dit¢ if known of th¢ tharity's governing document le.g. Irust dced, will, onsliNtion ¢tc); and A brief expl¥n4lion of th¢ ¢harity's objects. Where wlicabl< you may cFM)ose to give ddails of any splfi¢ inveslm¢nt pw¢rn of the charity. Goveming Doeum¢nl {e.g. Trust D¢ed, Constitution Constitution adoptoj on.. JR MAr 14 Obj¢ct5 of the Charity The promotloD of effiriency of ¢he Arm¢d FoT¢¢5 of the Crown b!. the provision and support of facilities and etivitie$ lor the effielency Ind well-beln ofservlte ersonntl. Explain briefly how trustees are elecirA or apFK)iniryJ and detsils of any induction and tnlee training aiiended. TNst¢¢ s¢l¢¢tion method On Appolntment $ Ihe Cowm4ndlng Officer. Truslee induction and iraining Trnstee IDductlon And training is eotsdueted ihe DLE Man*8lD8 Trustee Training & CO Des Course.
Explain aboul what the charity is tying to do and how it is going about it. You are only rquiral to provide a brief summary of the rnain activities and achiev¢ments of the charity during the yur in relation to its objects. Sumrnary of main acliN'ilics in relation to the Charity'5 objects The PRI eyi5ts ¢0 gentra(e incomt In order to $ub5idlst all Regimental aetii'iti. for the good 4nd bentfjt of the members of Ihe Regiment. Thls ensures team tohesion and the morjl tomponenl is relised. Summary of main achievem¢nts of the Charity durin8 the Supporting all sport5 is contknued to be implemented ibroughout the Regiment. This continuei to glve opportunitie5 for all personnel. rrdlesS of ability, lo l#ke up * sport for fun ¥nd progress if desired. Provide a brief revi¢w of the financial psition of the chwity. Thi5 51K)uld include the prin¢ipal types of in¢orne. Finan¢i4] Review Printiplt Income to tb¢ PRI Is from IDcome genergtlon on the irfield and voluntary substrlptloDS. The Managing Trusttt slwuld give in their report a d¢s¢TiPtion of the following policies: For the selection of inve51ments for the charity. For deieTminin8 the level of ineome reserves held. staling And explaining the level of Te5erve5 held. Where grants are rnade by the clLarity. th¢ se110n of individuals and institutions who are lo receive grants out of the assets of the ¢hatity. Financial reserves policy NIL Inv¢5tmcnts $¢l¢¢tion licy and performance of tho invcstm¢nis. NIA Provid¢ the name of all tnle&the Managing Trnstee(sl during the report year. Managing Tntee'S nam&trustees' name5 01 Apr 22- 08 22 Lt Col J S)'moDS RLC 08 AuR22-Jl Aug Z2 1*1 R DArk¢ RLC Olse 22- 31 fvlar 23 Lt Col E S¢d M'lck Serious Incidents None. Public Benefil Siat¢rnent IYIA