Ilanagiiig I'rii4i(ee's Iliiiiiial Rcport aiid C()Iiiiiic'nt,s: Unit .16 Siginal Regiiiienl. Address........Beacon Bcirracks. .Siafford. ST18 ()AQ.. C,Iiarily Iianie and Cliarily Coiiimi,s(*ion/Rcgulator rcgi%tcred number.. ..PRI FUND, 1191960.... De%cripiion of Ihe charily'.s Irusts This %liould iiiclude: Delails, including date if known of the charily's governing document (e.0 trusl deed, will, coiistitulion etc); and A brief explanation of the charity's objects. Where applicable, you may choo.se to oive details of any specific investment powers of the charity. Goiierning Document (e.g. Trust Deed, Consiilution) ServiLe Non Public FLiiids Re(yulations SNPF Consiilution dated l Apr 22. Policy and Charler updated 24 Auo 23 Objecls of the Charity The promotion of efficiency of Ihe Arnied Forces of the Crown by the provision and support of facilities and activities for the efficiency and well- bein of service ersonnel. Explain briefly how trustees are elected or appoinled and details of any induction and Iru&•tee trainino altended. Trustee seleclion Ineihod On as.suming appoinlinent of Coniniandin(y Ot-ficer Trusiee induction and Iraining All Irainin(y conduLted within (yuidelines ot" SFRs. ExI)laiii ,Il)oiit 11;Iiat IliL Lli,Iril)i is Iryiiig lo do 'incl how il is goiiig 'ibout il. You are only reqiiired to provide a Iii"iLf suiiiiiiar! of tliL niain clLtiN;itics aiid aLIIiLILiiicnts of" Ilie chari(y dLiring the yedr in relation to Its objLLIs. SLininiai-y of Tii,2in actiiiitics in rclatloll lo the Ch,irit.v's objccts I-IIL Iiiain 'iLliv'ilie% c)1" Ilic Lliarily wLrL IiiLI by; financially .supporting sport p'iflicip'ilic)n, fr(1111 cnlry fLes to purchL1SC of CqLiipmciit; soldier's lunch, unit ciIItLII-,11 d,iy, t"in,1llcic11 siipport to cldventure Iraining and by arranging social fLllILtion% t() Lnh'ince unit colicsiN'cncs.s. Sumniary of Iiiain achieveinenis of Ihe Charily dui.inn the ThL l.und has 11,here possiblL .supported soldiers, AT, subsidising .skiing, PLrsonLI1 and sporl contribllting costs. Provide a brief reiiieiv of IliL fiiianLial posilion of Ilie charity. Tlii.s should include the principal types of income. Financial RciTiew The main t)'pes of income inclLide Regt PRI .sub%criptions, donations, minibus & bouncy castle hire, intere.st from reserve account, and AT (yrants. The fund has a healthy, but not excessive balance and is reoularly used under normal circunistance.s to benefit all SP in the Re(yiment. The Nqana(yino Tru.stee should (TjN'e in their reporl a description of the followino policies: For thL selection of iiive.%liiients for the charity. For deierminin(y Ihe level of inLoiiiL fL.serves held, statinn and explainin(y the level of reseri'es held. Where grantti are TiiadL by Ihe charity, IhL sLlcction c)f individualli and in%litutions who arL to receive grants out of the assel% of Ihe Lharity. Financial reserlies policy N/A Invesliiients %Lleciion policy and performance of Ihose investmenls. The annual inve4iiiiieiii SUllllllcll"y aiiLI Ilie LLirrLlIt I;,'IluL of IhL portt.olio hai'e Iiol been rLLeived clt Ihe tiine ol" tlii% report. Provide the naine of all trustees/ihe Maiiagiingy Ti"usieL(%) diii'iiigi tIIL I"LP()I"t )'Lcll". Mdlldging Tru.(ilLe's ndmL/irusiec.s' n(111)LS i.t C()1 11 l."04ilLr SLri()us Ji)LidLIII,(i 10 Public Bcncfil ,Staieiiieni Tliis fuiid provideGi public bcncfil by a.ssisting service personnel to perform Ihcir rolcs Iiiorc effcclivcly wiiliin the Armcd Forcc.s of Ihe Crown. It does this b), proilidiiig and supporting sporting c1nd cidventiire training activities. This assistance cnahlcs service pcrsonncl to face thc challenges and danger associcllcd with milil'iry serN'iLC by dcvcloping and maintaining teamwork,. ,f L'ill,¥,' filiie.¥.w,' cc)Iificleiic'e, c'licir(i('ler, .si?ii"il. ciiid (Illiliiile,. ciiid Iiinrale. As a rcsuli, thL fuiid promotcs tlic cfficiency of the Armed Forces of the Crown by enhanciiig Ilic Brilish Army's capiibility to undLrtake the roles demanded of it including the dcfcncc of tliL UnitLd Kingdom and it.s intere.sts. (I confiriii Ilial I have paid duL regard lo Ilic ch￿ilY Commission of Enoland and 11:ales's guidaiioe on public benLfit whcn deciding what activities, the charily should undLfi'ikc.) Addiiional comments (include any dcclai".Itions ￿'1]ich ￿'LrL nol LorreLI (P(y 12/13)): co 17J 16 SIG REGT N'41111L LT C()L R l-(),%-fE-.R tII)i)OjllllllLllt NIAN tl( i IN'CJ "I'RIIS'['I~.F. l)al¢: 17 S(alcnicnt ()f Finuncial ActivitlC8 11.8 At 31/03/2()24 l)axton+ Pa%elofl Printe(1: 22104/2024 PRI 16 SIC RECT nal Rc imcnt UnrLStricte(V Designated/GPF FuTids Reslricted F'-unds Indowmcnt Funds Total Funds Previous Period Total Funds Incoming Resoiirces oluntarv Income ctivities for Generating Funds Inirestmeiit Incoine ncoine Resources from haritable AcliN'itiLS IIILr Incoiiiing Resources otal Incomin Resou rccs esources Expended Cost of enerating Funds nN'estTnent Mana(yenient Costs osts of Generating Funds haritable Activities overnance Costs rants and Donations ther Costs 3,800.00 6,763.00 1,170.56 0.00 0.00 0.00 0.00 0.00 0.00 3,800.00 6,763.00 1,170.56 4,499.53 7,493.40 243.30 19,597.90 0.00 31331.46 150.00 67,070.75 67 220.75 0.00 0.00 0.00 19,747.90 67,070.75 98 5f2.21 13,923.79 94,669.55 1 ?0.829.57 0.00 4,973.20 21,714.72 894.93 694.57 -6,973.48 21303.94 0.00 0.00 81,464.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,973.20 IOi,179.16 894.93 694.57 -6,973.48 102 768.38 -2,991.00 4.915.21 85,568.02 844.53 2,702.60 6.956.80 otal Resources Ex ended INet Incoming/Outgoing Resources Before Transfers ransfers 81464.44 0.00 97 996.16 10,027.52 -14,243.69 0.00 -4,216.17 22,833.41 ross transfers between funds internal transfers) 'et Incoming resources befor oldin2 Rains and losses Holding Gains/Losses ains on revaluation of the harily's fixed assets nrealised Gains/Losses on nvesiment assets Net M()vement in Funds Reconciliation of Funds otal funds brought forward rom prL'ViOUS vear rotal funds carric.d forward 2,820.10 0.00 0.00 2,8?0.1 o 0.00 12,847.62 -14,243.69 0.00 ,396.07 22,833.41 0.00 0.00 0.00 0.00 0.00 -5,341.00 7,506.62 0.00 -14,243.69 0.00 0.00 -5,341.00 -6,737.07 0.00 2?.833.41 94,169.06 33,114.06 0.00 127 ?83.12 101,675.68 18,870.37 120,546.05 Paiton+ Balance ,Sheet - Trlarch 2n24 PAge l of4 Printed: 22104/2024 PR116 £il(' REGT 16 Signal Reginicnt March 2024 End of last 'ear Balance Fixed Assets 15,178.02 BIOO PROPERTY 0.00 BIOI HIRID OR LOANED PROPERTY 45,389.00 B300 INVISTMENT 19,640.00 0.00 40,048.00 60,567.02 Total fixed Assets 59,688.00 Current Assets 60,064.10 B650 CURRENT BANK ACCOUNT 0.00 B651 DEPOSIT ACCOUNT 0.00 B680 NOT TO BI USED IN THIS ACCOUNT 1,100.00 BSOO DEBTORS 0.00 B400 STOCK ON HAND 5,552.00 B401 PRI SHOP- STOCK ON HAND 66,716.1 O Total Current Assets 53,864.85 0.00 0.00 495.00 0.00 8,150.20 62,510.05 127,283.12 Total Assets 122,198.05 Liabilities 0.00 B700 CREDITORS 0.00 B750 VAT CONTROL 0.00 B760 VAf PAYABLE 1,652.00 0.00 0.00 0.00 Total Liabilities (1.65?.00) 127,283.12 Total Assets Minus Liabilities 1?0,546.05 Total funds 33,114.06 Tot(Il Restricted Funds 0.00 Total Endowinent funds 0.00 Total Designated Funds 94.169.06 Accumulated Trading & GPF 18,870.37 0.00 0.00 101,675.68 127,?83.12 Total Funds 1 ?0,$46.Oi IIAIAnce Sheet - MArcli 2024 Page2nf4 Printed: 221n412n24 PRI 16.SI(' RF,C'T 16 4*ignAI Regiment End ot" last Balance ear Funds Analysis Designated Funds 0.00 0.00 Restricted Funds 8?4.59 ROOI SP SQN FUNI)S 266.10 R002 230 SIG SQN FUNDS 0.00 R003 255 SIG SQN FUNDS ?60.23 R004 AGC SPS FUND 0.00 R005 WELFARE FUND 380.62 R006 LAD FUND 0.00 R007 CO'S LE-AVING FUND 37.40 R008 CFIAR11"Y CONTRIBUTIONS 0.00 R009 NOT TO BE USED 34?.85 ROIO 207 SIG SQN fuNDS 4,035.J4 ROI1 247 SQN SUBS 595.13 R012 SP SQN IMPROVIMENI'S (53.69) R013 230 SQN IMPROVEMENTS 0.00 R014 247 SQN BEWF 0.00 RO15 26? SQN FUNDS 0.00 RO?0 EX DRACJON CRUSADER SKI ?3/24 0.00 R021 EX ALPINE MERCURY GLACIER 23 0.00 R022 Ex NMG 0.00 R050 CSO'S OFFICE PRINTER INK 0.00 RIOO ORIENTEERING 96.31 RIOI FOOTBALL 261.40 R102 RUGBY 338.40 R103 TRIATHLON 0.00 R104 NOT TO BE USED 7,295.95 R105 EX INCA 322.50 R106 CARP FIS141NG 0.00 R107 EX MERCURY SNOW RIDER 0.00 R108 EX MI:RCURY GLAClf.R 0.00 R109 EX NORDIC MERCURY GLAZIER 4,850.00 RI10 EX DRAGON CRUSADE NLPAL 500.00 RI I I LX KRONOS HIJNTER 0.00 RI12 EX BALTIC MERCUKY 0.00 RI13 EX DIAMOND JAVELIN 0.00 R114 EX SNOWJACK 10 0.00 Rl15 Ex DIAMOND FRI..I."FALL 193.29 RI16 EX ALPINE MERCURY GLACIER 76.00 R117 EXAAC 0.00 R118 MJB FUND 11,706.71. RI19 SKIING FUND 0.00 R120 LX DRAGC)N JIRBOA GARDA 0.00 R121 LX MALAYA SAIL 16 (30.00) R122 130SC 224.00 R123 EX I)IIAGON CIIIJSADF.R'I'KEK 0.00 R124 EX FKOSTID BLAD 0.00 RI?5 EX SPARTAN IIIKE 0.00 R126 IX DRA(iON tJAHRAIN ICE 0.00 R127 EX DUSTY CLAY 283.53 307.80 0.00 387.29 0.00 176.62 0.00 37.40 0.00 0.00 1,507.41 37.03 0.00 206.57 92.00 915.00 142.96 0.00 0.00 0.00 16.31 317.40 338.40 0.00 0.00 0.00 0.00 0.00 0.00 1 ?74.14 0.00 0.00 0.00 0.00 0.00 743.29 0.00 45.00 11,306.71 0.00 0.00 224.00 0.00 0.00 0.00 Paiton+ Baliince Sh_ect, - ￿TArch 2n24 Page 3 ()f 4 Printed: 221n4r2n24 .PRI 16 SIC, RF,C'T 16 Signal Regimcnt End of last 0.00 R128 EX DRAGON MALAYA TAHAN 17 0.00 R129 EX DIIAGON JERBOA APFIRODI fE 0.00 R130 EX DRAGON MALAYA HARZ 0.00 R131 EX PIPFDOWN 0.00 R132 EX CARIBBEAN EXPRESS 0.00 R133 EXERCISE CRUSADE STUDY 0.00 R134 ANGLING FUND (FISIIING) 0.00 R135 EX CI.RTA CITO TASMANIA 0.00 R136 WO & SGTS SOCIAL FUND 280.00 R137 LEAGUE 9'S COMPETITION 0.00 R138 EX DRAGON TRAIL 2 0.00 R139 PROJICT BIG IIAPPINFSS CRUSADER 0.00 R140 UNKNOWN CREDITORS 99.75 R141 MORRISON CUP 0.00 R142 GURKA I"W21 0.00 R143 RECJTL PHO"focJRAP14 0.00 R144 NIJMEGEN 0.00 R145 EX DCT (Slovenia) 0.00 R?00 NOT I"0 BI USED IN TIIIS ACCOUNT 0.00 IL?99 DASHAtN FUND 0.00 R300 CORP DINNER NIGHT 211.18 RJOI SSU JNCO FUND 0.00 R891 NOT TO BE USID IN THIS ACCOUNT 0.00 R892 NOT TO BE USED tN THIS ACCOUNT 0.00 R893 NOT TO BE USED IN THIS ACCOUNT 0.00 R894 NOT TO BE USED IN THIS ACCOUNT 0.00 R895 NOT TO BE USED IN THIS ACCOUNT 0.00 R896 NOT TO BE USED IN THIS ACCOUNT 0.00 R897 NOT TO BE USED IN THIS ACCOUNT 0.00 R898 NOT TO BE USED IN THIS ACCOUNT 0.00 R899 NOT TO BE USED IN THIS ACCOUNT ear Balance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.33 0.00 0.00 0.00 400.00 0.00 0.00 0.00 61.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 33,114.06 18,870.J7 Endowment Funds 0.00 Trading and General Purpose Funds 153.00 Trading surplus 0.00 Non Primary Purpose trading surplus 3,569.14 General Purpose Fund surplus (? 509.05) 0.00 10,015.67 3,722.14 Trading & GPF surplus 90,446.92 Balance at last balance sheet 7,506.6? 94.169.06 94,169.06 Accumuldted Irading & GPF 101,675.68 127,283.12 Grand total 1?0,546.05 Signature of A/C Ilolder/fund Maiiagi¢r Ih Paiton+ Ilalance Shcct- March 2n24 Page4of4 Printed: 22104/2024 PRI 16 SIC, RFGT 16 Signal Regiment End of last 'ear Balance 1.6161.£(fr Signature of Mana Trustee co Date 17 JUN 2024 16 SIG RIGT Internal ,,ludit()r's/,Iiidit 11()ard Ili'i)oi"t *VWe-haN'e exaniiiied Ihe books of account and records from which the final account.s were prepared and haire obtained all tlie infonnaiion and cxplanaiions Ilial wcre neccs.sary for the purpose of *my/our internal audil. *ll￿e certify Iliat end of period checks hclvc bceii condLILtcd in accorclance with Service Fund.s Regulalions. Subject to the observations gil'cn bLlow I cinv5￿r>Fe .s(Ilisficd that proper books of account have been kepi and Ihat the final accounts giN;e a truc and fair view of Ilie result.s of transactions over the period and of the .Slaie of Ihe Fund's affairs as at the dLItL of Ihc balaiiLL slILct. Subject al.(iO to my/f>tlF observations *I am/we-&Fe saiisfied that cash and baiik bcilanLcs aiid .%lock.s on hLind have been properly checked at prescribed intervals and Ihat adequaiL IiisuraiiLe exists. *I/We hai'e staniped and signLd Ihe original book£) of ciccount and the original record.s Vwe have checked. All N'oucher.(i relaiing lo Ihis accouni period Iiave been cancelled. *I/¥¥e have niade Ihe following observations whil,4il Larrying oiit the internal audit: Previous observations 'haVe/1w￿01 been actioned (list those observations outstanding). .4ddili()nal Comineiits: Irregular OccurrenLes/,Iclii'it)' a. Nil. Fund ￿lanager/Hand01,er b. The fund has not been handed over within the IL2.St 12 nionihs as it 1% no lonciLr required by SFRS. The Fund Manaoer has completed the mandated Iraining. Debtors The fund hold£i niinimal debtors and nonL over tlirLe Iiionth%. Credilurs d. The creditors list sliows signifiLiint ILgacy Lredils, several over .(iiX nionth4i old. The FIM mu.st direct action on these as a priority. Ilestricted Fund Andl.I'Si6i Some Restricted funds have nol been used in Ihe past 12 montlis cind (ire recomniended to be Llosed. GPF Andilysis f. N/A Insurdll('L> 12 g. Insurance cost allocated to the PRI wa.$ 894.9.3 froni l Jun 23 t() 31 May 24 wilh SAGIC Insurance. Thc loial co%l of Ihc Insurance covers Ihc CBA, I)Rl (including dll Sqns), the Warrant Officer s & Sergcant's. Nqess. Depreciation h. Propen), dePFet*￿ / appreciation was conducted for the minibuscs a.s per SFR.s. The minibuses had appreciated in value by £4,461.98, Ihis increasc was e.stablishcd through thc usc of an independent online pricc N'aluaiion of tlic I'chiclc. Properlj, l(K)(7e prot￿nY checks have bLcn conducted during Ihis audit ￿riod. -iLL'nces j. PRI doLs nol hold TV or any other licence4i. l.()a115 k. A PRI loan of £ l(KX).(K) was made 10 a unil SP for wclfarc reasons and was paid back wiihin the SlipulaiLd tinieframe. ,4iubscriptions Subscriptions arL colleclLd per direciions: via MLSS bills f()r OfficLr%. WO4i & SNCOS and via Sqns for JNCOS and Ptes. Subscriptions have not chan(yed durino Ihis audil period and continue to fund the Regiment and Corps sporting and other cohesion events. MT, SFM and FNI are continuously reminded 10 review and Lonfiriii Ihey are content wilh IhL aniount. Il'rite-off ,Yo write c)ffs during thi4i audit pLriod. Gdinshdre No gainshare during this audit period PRI hold() an invesinieni ot- L4(),(M8 willi Si Jaines'% PlaLe. Thi4* )'ear's inN'e4itnient valuation wa.s received dficr Ilie 31 Mar ?4 and IherL'tore Ilie gruw'ih is nol reflLLILd in IhL%L reports. Hoii'evLr. for Iran%parency, IhL updated Viiludlion lid.s %iiice been rLLeii'Ld and %hows an inLfLcl.¥ied inN'eslniLlli% figure ot" £44.498.(X). This is lower Ihan Ihe inN'cstnients valu&ilion on _31 Nl'ir ?1 (L4.5,-389.(X)). the MT dnd F,M are recomii)endLd to coiiduLI a reviLW Ot" Ilie inve¢•tlllLnl4i slrategy to en4•ure il i providing Viilur f()r Ihe fund. I"rJdin% p. There is 41 PRI shop Iiolding Iiiiniiiial %tock for IIIL bLnLfil of the RLgt. The I'.'Ilii¢ f()r Ihe end of ye