Managing Trustee's Annual Report and Comments: Unit...............16 si1 Regiment..................................................................................... Address..................Beacon Barracks. Stafford. ST18 OAQ........................................................................ Charity name and ChaTity Commission/Regulator registered number....PRI Fund..........1192126........................ Description of the charity's trusts This Should include: Details, including date if known of the charity's governing document (e.g. trust deed, will, constitution etc)" and A brief explanation of the tharity's obje¢ts. Where applicabl4 you may choose to giv¢ d&ails of any specific investment pow of the charity. Governing Document (e.8. Trust Deed. Constitution S¢rvice Funds Re atio Constitution date(L Policy and Charttr uNlatal Objects of the Charity The promotion of efficiency of the Arnied Forces of the Crown by the provision and supFx)rt of facilities and activities for the efficiency and well- of service nn¢l. Explain briefiy how trustees are electcd or app)intcd and details of any induction and trustee trainin8 attended. Trnste¢ selection method On assuming the appointment of C(¥mmanding Officer Trustee induction and training All training conducted within guidelines of SFR. 16
Explain about what the chatity is tying to do and how it is going about it. You are only requ1 to provide a brief summary of the main activiti¢s and achievements of the chaTity dwing the ycar iTrrelation to its objects. Summary of rnain activities in relation to the Charity's objects The charity Support its objectivas by fimding sport parttcipation through entre fees. quipment purcha provlding financial support for soldiers, Chrisknas & end of year lunche4 unit cultural day activities and adventuro trainin& It ajso facilitates social eVts to promote unit cohesion. Summary of main achievements of the Charity during the year The fuod contributed to soldAas' adventurous trainin& subsidising skiing activities and helpeAI Ver (x)sts relating to sw)rting participation. Pmvide a brief review of the financial sItiOn of the (arity. This should include the PTiDcipal types of income. Financial Review The charity's rnain sources of income include Regimentsl PR[ subsLYiPtions, donations. minibus and bouncy castle hire, interest from reserved ac¢ounL advcntllro training & other grant& The fund maintsins a healthy, but not exLwsive balance and is regularly utilised undff nornial circumstances to Suplkn all service per80nnel within the uniL The Mana8ing Tnistee should give in their re¥ a desctiption of the following policies: For the selection of investments for the Charity. For deterniining the level of income reserves hel stating and ¢xplaining the level of resVe$ hel Where grants are made by the charity, the sclection of individuals gnd institutions who are to receive grants out of the assets of the charity. Financial reserv&8 policy NIA tnvestments selection policy and perforniance of those investments. The amiual investnient summary as at 31 Dec 24 was vakKd at £49.498.00. 17
Provide the name of all trnsteeslthe Manawg Trustee(s) during the report year. Managing Trustee's narnpJtrtees, names Lt Col A Jeyes MBE serio tncidents Public Benefit Stat¢ment This fjjnd provides public benefit by assisting service personnel to more effectively IrfOrni their roles within the Ann¢d Forc&s of th¢ Crown. It doe this by providing and supwjrting sporting activities. team cohesion events and adv¢nturous trainin& This assistan enables service p¢rsomLel to face the challenges and danger associated with military service by dev¢loping and maintsining teamwork.. skills,'filness.' confidence, character, spiri¢ and attitt&le.' and morale. As a r&wl( the fimd pr(>motes the efficiency of Ihe Anned Forces of the Crown by enhancing the British Arniy's capability to undertake the roles demanded of it including the defence of the United Kingdom and its inter. (I confirni that I have paid due r¢gard to the Charity Commi&8ion of England and Wal&s's guidance on public benefit when deciding what activities the charity should undertake.) *delete as appropriate. ** replace with wording appropriate lo a1Viti8 of fund e.g. 'providing andsupporting moys facilities and social oclivilies or ' pmviding andsupporting sporling andadventure training aclivities. Additiona] comments (include any declarations whith were not cO¢¢t (Pg 12113)): Signature Name Date: Apw)intrnent 18
Sttrm¢t of Th•wial Aetlvities AS at31m3r1025 Paxtotr P4elofl Prlnted: 12105n025 PRI 16 SIG REGT 16Si ent Endowment Totsl Funds DesiweWGPF Tothl Funds ¢omlnz R¢8ourees olLtary Income ctivities for G¢nernting Fund5 o.IK) 5.835.1Kl 1.587.91 o. 0.00 5,835. 1.587.91 3.800.00 6,763.(K) 1.170.56 o.wj o. Iwitable Activities er Inccrfnin tfil Incomln esaurees Exwded CO of eneY*tlni Fundj 22222.32 o.(K) 523 7NJ.IX) 57,469.25 169.25 0.00 21Y22.32 57.469.25 87 14.48 19,747.90 67,070.75 29 o. 0.) 3,393.45 79.012.42 2.780.16 659.12 19.904.08 74 o. 4,973.20 103,179.16 894.93 694.57 .973.48 osts of G¢Theratti Fun haritsbleA¢tivities overnan¢e Costs rAnts and Donations r Costs tsl Resowr¢es Ex et IncornluzlOwt8olD& rees Befor¢ Tr•Mft nsfers 3,393.45 22.126.56 2.780.16 659.12 19.W4.08 J7 56.885.86 0.00 o.ty) o.Th) oJJo -1931&14 138339 .17,934.75 4316.17 internal trwth) ltheooln¢ r¢x)urr# b¢fo oldl ini IDd loss oldln8 ains on revaluaiion of the horitys fLx¢d aets nrealised Gain5nSseS on vestrnent assets et Movem¢Tht In Flnds Dclltstlon of F¥nds tsl fvmds forw•rd rnm pr¢vh)wi ye•r otal fuodj elrrled forward -2,084.(K) 2,084. 0.) 2.820.10 3J67J9 0.00 -17,934.75 -iJ96.07 -21J02.14 0.00 4.450.00 2.14 o. 67J9 o.oo 4.450.00 -13 .75 -5.341.00 00 120W05 107 061JO 101th7S68 IW037 22 7.76 0.00
Paxton+ Baluee Shttt. Msreh 2025 Page l of4 Printed: 12105n023 PRI 16 SIG REGT 16 Sigaal Regiment Mowh 2025 ed Ass¢ts 19.640.(K) BIOO PROPERTY O.fy) BIOI HIRED OR LoAD PROPERTY 40.048.(J) B3{) tNVESTMEKr 44,498.00 59.688.00 Totsl Fixed As*ts 44.498.() 53.864.85 B650 CURRENT BANK ACCOUNT O.(Q B651 DEPOSIT AccouKr 0.00 B680 NOTTO BE USED FN THISACCOUNr 495.fxl Bsfy) DEBTORS 0.00 B400 sT(K ON HAND ,150.20 B401 PR[ SHOP- sT(K ON HAND 62,510.05 Total Cwr¢n¢As%ts 91.692.37 0.00 0.00 125.00 o.( 5.784.93 97,602.30 121198.05 Total A$8#s 142.100.30 LilI111e5 1,652.00 B700 CREDITORS O.W B750 VAT CONTrOL 0. B760 VATPAYABLE 35.039.00 o.oo (1,652.CKJ) Totsl Li1]itt {35.039.00) 120.546.05 Tol•lAss¢ts Minw Liabiliti 107,061.30 Totsl Fund5 18.870.37 Toty] R¢stricied O.IN) T[ Endowment Fw O.W Totsl DeSited Fun45 101.675.68 A¢¢umu]akd Tradnw & GPF 120J46.05 Total Fw 22,237.76 0.00 84,823.54 107.061.30
Paxton+ Pay2 of 4 Printed: 12Msn025 PRI 16 SIG REGT 16 SlgnAI ReRfim¢mt Desi* Fw 0.00 283.53 ROOI SP SQN FUNDS 307.80 RO2 230 SIG SQN FUNDS 0.00 R3 255 SIG SQN FUNtys 387.29 Rc AGC SPS FUND 0.00 ROOS WELFARE FUND 176.62 RLIJ6 IAD FUND O.(K) R007 COS LEAVfNG FUND 37.40 R008 CHARITY CONTRIBLrrioNS O.IXI R(i19 NOT TO BE USED 0.00 ROIO 207 SIG SQN FifNDS IJ07.41 ROI1 247 SQN SUBS 37.03 R012 SP SQN IMPROVEMENTS O.I)O R013 230 SQN IMPROVEMENTS 206.57 R014 247 SQN BEWF 92.cl R015 262 SQN FLfNDS 915.Th1 R020 EX DRAGON CRUSADER SKI 23r24 142.96 R021 EX ALPINE MERCURY GLACIER 23 O.I)O R022 Ex NMG 0.00 R050 CSOS OFFICE PRINTER INK 0.00 RIOO ORtENTEER]NG 16.31 RIOI FCM)TBALL 317.40 R102 RUGBY 338.40 R103 TRIATHLON 0.00 R104 NOTTO BE USED 0.00 RIOS EX NCA 0.00 R106 CARP FISHTr4G 0.00 R107 EX MERCURY SNOW IUDER 0.00 R108 EX MERCURY GLACIER 0.00 R109 EX NORDIC MERCURY GLAZIER 1274.14 RIIO 16SR L3 AT O.LKI Rl I I EX KRONOS HUNTER O.fy) RI12 EX BALTIC MERCURY O.W RI13 EX DIAMOND JAVEL O.fA) RI14 EX SNOW JACK 10 O.(K) ILI15 Ex DIAMOND FREEFALL 743.29 RI 16 EX ALPINE MERCURY GLACIER 0.00 R117 EXAAC 45.00 R118 MTB FUND IIJ06.71 R119 SKING FUND 0.00 R120 EX DL4GON R0A GARDA 0.00 R121 EX MALAYA SAIL 16 0.00 R122 BOSC 224.IN) R123 EX DRAGON CRUSADER TREK 0.00 R124 EX FROSTED BLADE 0.00 R125 EX SPARTAN HIKE o.th) R126 EX DRAGON BAHRAIN ICE 986.19 171.44 638.78 176.62 37.40 0.00 o.fy) 12410.93 37.03 o.(y) 792.13 727.22 3.360.fNJ 0.01 o. o. 16.31 317.40 338.40 0.00 o. 0.00 o. 53.45 1,274.14 0.00 19329 45. 8.429.58 0.00 o. 224.00 25.00
Page3of 4 Printed: 1210512025 PRI 16 SIG RECT 16 Si8D41 Reglm¢ryt of 0.00 R128 EX DRAGON MALAYA TAHAN 17 O.CK) R129 EX DRAGON JERBOAAPHRODITE 0.00 R130 EX DRAGON MAIAYA HARZ O.(J) R131 EX PIPEtKbWN 0.00 R132 EX CARJBBEAN EXPRESS 0.{ R133 EXERCISE CRUSADE STUDY 0.00 R134 ANGLfNG FUND (FISHING) O.fA) R135 EX CERTA CITO TASMANLA 0. R136 WO & SGTS lAL FUND O.(K) R137 LEAGUE 95 COMPETITION O.(XI R138 EX DRAGON TRAIL2 0. R139 PROJECT BIG HAPPINESS CRUSADER 0.00 R140 LfNKNOWN CREDITORS 50.33 R141 MORIUSON CUP Q.00 R142 GURXA TW21 0.00 R143 REGTL PHORAPH 0.00 R144 NUMEGEN 4(. R145 EX DCT (Slovenia) 0. R147 Ex KIIUKUIU DRAGON IBavarii) 0.00 R148 Sthtion Int D•y 0.00 R149 Si Eli8uis Event 0.00 R150 Ststith Kid8 Xmas Ev¢Tht 0.00 R151 EX CRU&4DE SWING 0.00 R2Tr) NOT TO BE USED fN THISACCOUNT 0.( R299 DASFL41N FUND 0.00 RJOO CORP DINNER NIGHT 61.18 R301 SSU JNCO FUND 0.00 R891 NOT TO BE USED IN THISAccouKr O.(KJ R892 NOT TO BE USED fN THIS ACCOUNT O.(K) R893 NOT TO BE USED IN THISACCOUNT O.CKI R894 NOTTO BE USED IN THIS ACCOUNT O.Tr) R895 NOT TO BE USED THIS ACCOUNT 0.00 R896 NOT TO BE USED THIS AccouKr O.(rf) R897 NOT TO BE USED tN THIS ACCOUNT 0.00 R898 NOT TO BE USED tN THIS ACCOUNT O.I)O R899 NOT TO BE USED N THISAccouKr o. 0.00 0.00 o.(x) 0.00 0.00 323.14 o.(N) 0.00 0.00 2.492.43 125.00 0.00 212.85 0.00 O.CN) 0.00 0.00 o. o. 18.870.37 22237.76 0.00 Trnlin8 and Gewal Fw)ds (2J09.05) Trading surplu5 (4,C41.40) 10,015.67 Purwise FuDd swplu5 7.506.62 Trndllig & GPF swphts 94.169.(lfj Bkn at lastiMlarKe sh¢¢t (12.810.74) (16.852.14) 101.675.68 101.075.68 AC¢uM & GPF 84,823.54 120.546.05 Gmd totsl InrynLI ?4ry
Bx14Ke Sbeet. Mveh 2025 Page 4 of 4 Printed: 12A15ll025 PIU 16 SIG REGT 16 SlgD81 Reprnt Siptitsr ofAIC HoldexffiuTrl M STwure of M Lo L+ Qts
Internal Auditor'slAudit Board Report I have examined the books of account and records from which the final accounts were preparoa and have obtained all the inforniation and explanations that were necessary for the pury)ose of my internal audit. I c¢rtify that end of period checks has been conducted in accordance with Service Funds Regulations. Subject to the obatIonS given below l am satisfioj th* proper books of account have been kept and that the final accounts give a true and fair view of the results of transaction5 over the p¢riod and of the state of the Fund's affairs as at the date of the balance sheet. Subject also to myanalysis, l am satisfi¢d that cash and bank balances and stocks oh hand have been pmpffly checked at prescribed intealS and that adequate insurance exists. I have stamped and signed the 0ri8inai books of account and the original rccords I have checked. All vouchers relating to this account peri(Kl have beffl cancelled. I have made the fr>llowing obs¢Mtions whilst carying oul the internal audit: Previous obs¢rvations have been actioned. Additional Comments: Irregular Oceurren¢eAC11Vllty a. Nil. Fund MaDagerlHandover b. The fund has nol been handed over within the l&st 12 rnonths as it is no longer r4uired by SFRS. The Fund Manager has ¢<)mpleted the mandated trainin& Debtors c. Th¢ fLmd holds minimal debtors (£125.) although they ar¢ over 3 months and should be.cleared. Credltors d. The Creditors list shows a significant valu¢ although this is largely due to the purthaselsale of the PRI minibus and is not a matter of concern. Restrlcted Fund Analysis e. Some Restricted funds have not been used in the past 12 months and are recommended to be clos¢d. GPF Analysi5 f. NIA 19
Insurance Insuran¢¢ Cost allocated to the PRI was £2780.16 from 24 Jun 24 to 23 Jun 25 with Towergaie Insurance. The total cost of the Insurdnc¢ covers the CBA. PRI (including all Sqns), th¢ Warrant Officer's & Sttgeant's, Mess. Depreeiatlon h. Property depreciation l apprlatiOn was conducte41 for th¢ minibuses as per SFRS.. Property i. IOIY/o propety checks have been conducted dwmg this audit pttiod. Lfieenees j. PRI does not hold TV or any other licences. ians k. Nil. Subscrlptions l. Subscriptions are collected as per directions. via mess bills for Officers, WOS & SNCOS and via Sqns fr>r JNCOS and Ptes. Subsoiptions have not changed during this audit period and continue to fund the Regim¢nt and Corps sporting and other cohesion events. MT. SFM and FM are continuously reminded to Teview and confinn they are content with the amount. Write-off m. No WTit¢ offs during this audit period. Galnshare No gainshare during this audit perlod Inve$tnJents o. PRI holds an investment with St James's Place. This year's investrnent valuation was received Ls at 31 Dec 24 at a value of £49,498.tKI. This is subject to fluctuatioL The invtment has bcen moved to an alternative fund this period which it is hop will provide a stronger return over time. Trading p. There is a PRI shop holding minin1 stock for the benefit of the Regt. The valu¢ for the end of year stock is £5,784.93 a decrease of £2,365.27 from the previous year. Monthly stock check8 and stock reconciliation are carried out by the ROO with assistance from welfare staff. 20
General Commellts q. The Regirn¢ntsl minibuses genffat £4,305.(Ki duTing this audit petiod and incurred a cost of £3.393.45 on pats and services. Meanwhil4 the EM)uncy tle £800.CKJ in income at the end of the year. An overall steady profit from their opcration and a sigoifi(xot benefit to the Regiment. r. This fjjnd has been re-registered with th¢ Clwities COMMI0 it was degistered in er as a result of 188t year's rel. This fund is overall in good financial order. with low debtors and crnlitors (with the ¢xception of the minibus purthase) during the year. The fund is well %¢(L and 81l0tmentp&Yrnfflt are diSCw8 on the Regt Financial Planning and PIU Meetings. Signature Name Date". L SS Appointhient RAO 21
ComdlS02 SPS- IndependeDt Examiner's Report on the Aeeounty 2nd Comments ¢¢tive Res nsibilities of Trustees and Examiner The Charity's Trustees arerespon5ible for Ihe PraratiOn of the accounts. Th¢ Charity's Trustees consider that an audit is not required for this year (under section 43(2) of the ChaTiti&s Act 1993 (th¢ Act) and that an independent examination is need¢d. It is my responsibility to: Examine the accounts (under section 43(3Xa) of the Act). Follow the procedures laid down in the Genual Directions given by the ChaTity Comrnissioners (under section 43(7Xb) of the Act). stste whdher particu18r mattf3S have come to my attentio Basis of Ind endent Examin Statement (y examination was caTried out in accordance with Generdl Directions given by the Charity Commission¢rs. An examination includ¢s a review of the accounting records kept by th¢ charity and 2 comparison of the accounts presented with those r¢cords. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the tnLStees concerning any such Matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not expr an audit opinion on the acunts. Inde endent Examincr's Stat ent In ¢onnection with my examinatio no matter has com¢ to my attention (other than that disclos overleaf): Which gives me reasonable &?e to believe th in any material respect the Tquirements: (i) To keep accounting rvrdS in accordance with section 41 of the 1993 Act: (2) To prepare ac(x)unts which accord with the accounting records and comply with th¢ accounting requirements of the Act: have not bc¢n met. To which. in my Opinio attention should be drawn in order to enable a prow understanding of the accounts to be reached. * Delete as applicthle. 22
ComdlS02 SPS - Independent Examiner's Report on the Ae¢ounty and Comments Disclosute Scction (thly to be 0)mpleI if the examiner nceds to highiigbt matsial problemsldiscrepancies) Give here brief details of any items that the examiner wisbcs to disc108e ComiVS02 SPS C tudep¢ndent Examiner's Signature Name Date.. AP1]ntnI aoifjfj