Seryice Non Publlc Funds Flnal Accounts,
Managing Trustee's AeporL Internal Audll
Board Report and Independent Ex8minerf8 Report (SORP 2(y)5 c¢xryliant)
im•rtlal P£countanl Schen
Army Fomi N1514
(Hev 111091
Unil
Address
HQ HEREFORD GARRISOM, STIRLING UNES, HEREFORD. HR4 7DD
In r8specl ol
the
SULTAN'S FUND
Charity CommLssicfiIRegulator registered
number
For the per￿1 from 01 APR l 9
31 MAR 20
MHnaglng TruStttl8) durlng Ihe period:
.'From
l Frorn
14 NOV 2016
14 NOV 2016
31 MAR 2019
31 MAFI 2019
Nam•
N•me
to
Fund MaTroger(s) durlng the wlod:
From
From
18JUL 2018
B MAY 2020
lo
*0
7 MAY 2019
31 MAA 2020
Name
Name
Internal Auditor($) durlng the pprtod:
From
From
01 APR 2017
22 APR 2019
21 APR 2019
31 MAR 2020
MAme
to
A¥soclate Auditorfsl durlng ihe ￿rfod.
Associaie Audrfor
Ae9lmefi141 A￿u￿tant(s> during the PEfiVd:
From
14 SEP 2017
31 MAR 21)20
Name

Nots8 to tho Accounts (Paias 2 10 12 are to be cornpleted by all lunds which have a gross Income of
£11X)K or over and those lund5 already registwad with the charily Regulalor. all olber fvnds ale to
¢omplele Paras 6 and 7 and tho doclargiion8 01 Para 12):
Princi
al Aceoun1in
Policies
A￿OUntin
Convenlion. The finanoigl gtatements are prepared under the hBlOri￿1 CQBI
convention AS modified by ihè inclusion of irweslments at markot valuo and in accordance wlh
applicable accounlinq standards. In preparing the financial slalemenlg Ihe charity lollows bcst
praclice as sel rAJI in Ihe Statemerl ol Flccommcndcd Practicc 'Accounl"ng and Floporting by
Charilies, ISORP) 2005
htl ".Ilwww.charil
ommission.￿0V.
invesli
tionslsor
5docs.as
In¢omi
Resourcp5. Irmrne is recognised in the peri¢Jd in which the chanty is entitled lo
r￿elp1. and the amount can be measured wtlh reasonable Cortainty. Grants from olhor aoencies
including donations and other incom8 Irom aclivitie5 are in furtherance ol th8 charity's objects an
are part ol the genera1 funds ol the charity. A re51rith8d l￿d is only recognised whefft this is an
agr8ed and ey4)licit condilion ol the grarrt 01 donor.
Inlan
ible Income. Due to the close collaborative relalionship and the manner in v4hich the
harity's aclrvities compliment those ol the Army. intangible incK>fre, iellecled in tirDe and use of
p￿rnIses is QLkinliliablo or moasurablo and so is not recognised irt Ihe accounts.
Flesourccs E
ndcd and Basis ol Allocation of Costs. Expcndituro is Frtludcd when
incurred or 8xGpptionally Ythgre a commilment 15 made vthich requifps an accrual when payment is
to be made in Ihe subsequent ac(x)unting p8nod. Similarty, wher8 prupa￿lier7tS are niado in
rècognilp?n of comrnilmenls lalling due in a subsequent accounting period. the appropriale credit is
entered in the accounls and roversad the following year. Grants payable are included in ihe SOFA
whon 8pprovpAI by the Managing Trustee. Expenditu￿ is ￿th3nisÈd in Ihe poriod in whlch il 15
incurred. The ffiajorty of c(Jsts are directty altributabbe to specitic actmties. Iriecoverable VAT Is
charged to the activty for which it was I￿Urred.
ovon)an¢e Cosls. Gov8rnanc8 costs are the costs of professional advicè. holding truste8
meètsngs or commillee meetings a$s￿lated wilh decision making. any lee lor audrt or independenl
examination and any feo ir￿￿[red in the preparation, statutory filing. printing or copying of the
annual icport and a¢xounts.
italisalion and De
recial'on ol Tan
ible Fixed Assets. All assels ha¥lng a purchase
value ol more than £500 are capit81i$ed. The cost of tangible fixed asseis is wrilten off by ￿Ual
annual instalm8nts ov8r thèir expscted uselul lives using the fouowing melhods of depreciation..
Furniture. fixlures equipment
Motor vehioles
Stralght Llne over a pedod of 2 - 1 O years.
Straight Line over a period of 2 - 10 years.
Ass8ts with a li18 of more Ihan one year but wilh a purchase value ol betow £500 ace included wrthin
Ihe inventory bul the cost is wrillen oll in thts yB(Ir il is incutrcd and ib nol deprceiateé over Ihc
useful lite ol the asset. Where Ihc a&%ct is dcpreoalcd over a porfc<l ol moro than 10 ycars, dotails
of Ihe iiem and p6ri(KJ are lo be provi(*d following the noles on page 14.
Fixed Assel I
Fixod assel invostments are i￿ILKlod al markcl valuc at Ihe
balance sh881 dai8. Any galn or loss on rovalualion is shovm in Iho Statement ol Financial ACtiMt￿s
(SOFA).
Purchased slocks are valued al Ihe lower cosl or net reallsable valu8 makino due
&llov¥arKe for any obsolete or Slow-moving itams.

Funds A
unli
Funds held by the charity ar8:
(11
General Pu
se
nreslrlcted Ioesi
nated Fund5. Those Are fun(k that car) bc uscd
in accordarTrco vdlh Ihe Charitable obIL￿tS al Ihe di8cretion ol the Managing Truslee.
Designale(J lunds a￿ unresiricied lunds which have been allorale(¥earm&Tk8d for
particular purposa by Ihe MAnaging Trustee and are In be declargd in the Managing
Trustees comments in actoidan¢e with Para 12 to these notes slating what they are
intended to be used for and when,
(21
Endowment Fu
Endowment lunds are Ihose investmen18 and olher gifts
acccpicd ty Ihe unit. the capilal sum 01 wopefly being hcld in perpetuty and Ihe iiicome
only ts'ng available lor charitabbo use.
Other Costs. Other cosls ar8 Ih088 costs nol incurr8d in Ihe underIa￿.ng ol charilable
8ctSvty in furtherance of the cbiects ot the tharily. i.c. the provision of lacilities, f¢¢reaiional
programmes or activities in lurtheranco ol milrtary eff icierw. They are alsD costs incu￿ed in the
making of granls and donations. in the ￿sIS ol generaling funds, l.e. the costs in¢urre(J in Irading or
lundraising undertaken by the thafily. or in govemE4nce cos18.

NIA
T4)tal
sathions & A
ration and Ex
enses
Whilst the charity has a close y￿rkIng relalionship with the Anny. theie ère no transactions wilh the Army
which rcqulre disclosure under SORP 2005. Th8 only tTansaclions madc by Iho charyty in favoui of the unil
are wholly allnbutable tc lh6 charitable actlvities af lurtherin9 military ofticiency. The Managing Tru8lee 18
an oificer Or Bquivaknt and fulfils lh8 role as Irustee in accordance with Iho applicable laws and regulati￿5.
No expenses have been paid 10 the Irustee. In Ihe evcnt that exp8n888 hav8 been paid to the Irusleo
these are disclosed under Ihe Managing Trustoe's comments.
£0
£0

olal Valu
of Inve
nls
Cal
Value £
£394,978.gi
value (market valuc
innin
of
ar
Add%doth1l r)el galnlllossl on revaluation (gainlloss al end of
accountin
criO¢Yaudil
Car
value
markel valuè) al end of
£55,305.30
£450.284.21
8r88kdown
rket Valu
rEnd
Endownent
T￿al ¥aluo
IIict)me
dvrin
Value £
Vabje £
Value £
vn11￿£
£0
£0
Invesirnents held in unrt twsts
l or oiher coNecli¥e invlslment
henies
£0
£0
£450,284.21
£4GO,284.21
gas1￿￿& of Iho
£0
Tolal
e4SO
4.21
£450
' There are no amounls lalh'ng due after mom than one year (delete as appropriatel.

£0
dp
12.
Deelaralions
AU of the charivs wmmilmonts are provided lor in the acts)unis.
No guarantées have been given lo third parties.
The Charity has not reccivcd any IDans that ate aul$land1￿ al th¢ ygaf-Dnd aThl secured on assets.
Tho charity has granted any h)ans io instituti(￿$ or companles corinocted wlth tho charity.
The charily did rM]t makc any ex-gratia payments during the year,
Sufficlonl resources are held in an aPP￿P[late form lo enAble each lund lo bo a￿lled in accordarK* With
the 18Stnctions imposed.
The flnancial activities. assets and liabilib'es of all the chartty's branches or sec11￿$ ha￿ beon i￿rUded.
Tho trustees have noi ehanged the yoar et¥J dak or Ihe longth af the charity's fina￿1￿4 ￿ar.
Tlie ¢h¢iiily IIw4 no d8signated lund.8 lit Ihorc arc designaled funds the r8ason l¢y dosignailon and
oach d¢signaled fund is intended io be usod by is lo be Btaled in the Managing Trusteé rèport}.

Al ￿ charity's Lyralions aro continung Operatsc￿8 and there were no op8ralions diswntinued or
acquiied during Ihe year.
ND lunts lunTestri¢ted. (Jesignaled, re8lriclcd or endowment) are in defial at the balance sheel dale.
The charity has no intangible assets.
There w91£ M inler-tund loarts oulslandiryj al the balance she•1 dale.
None ol the charity's functional fixed assets have I￿n ro.valued during the year and Ihe chanty doos not
have a policy ol fevalualion 01 Ilie8e assets.
Thc charity has no subsidiary companies.
The charity has no material fixed asse15 which have nol been C•apitalised and inclLKled in Ihe balance sheet.
No inlefnal IransletE have ttcurred out ol re5triclodlendovmient funds. In the event Ihal a Iransfer has
laken place. full delails of the reason lor the transfer aro disclosed n the ManagiTVJ Trustee's eomm8nl&
All ￿vestments held afe investmenl a&8ets in the UK unless Othcr¥Mse slaled.
Not•: Wh8re any of the declardlions are not Correcl they ar8 to b& Lyossed out arKI éetails provided in the
Managing Tfusl88s comments.
Additional comrnenls:
Signalure
Name
Oate:
Furbd Managcr IFlegimenl81
A￿ountant SGhem&i i Accounl
Hclder (Audil Board Scheme)

Managing Tru8tee'8 Annual Report and Comments:
Arklress: HQ Heydord Garrison. Stirfing Lines, HEREFORD. HF14 7DD
Ch41rity narne Charity CommissionlRegulalor rcgislor8d number." NA
Description ol ihe charity's Injsls
This shouhj includo.
Details. including date N knoym of Ihe charity's governing (k)cumcnt (¢.g. trust deed, will.
constilthion otcl," and
A trfief explanation ol Ihe charity's ot4ects.
Where appi￿Able, you may choose to give details of any sp8dfic investment powers of Ihe diarity.
Goveming D￿uMent
(e.g. Twsi Deed,
Conslilulion
Sorvtce FurKI Regulatior
Objects of the Charity
T1￿ promotion ol eff ￿le￿Y of Ihe Armed Forcos ol Ihe crovm by the provision
and support of facrtities and activstios lor lh8 eff ￿lencY and well-bcing of
rsonnel.
Explain briefly how tru*ees are (118Ct8d or appoinled and dotails of any indLth'on and INstee training
atlended.
Truslco sel￿tIon
method
Nclninatod by the CO.
Trustee i1￿￿tIOn and
trainin
Briefing given by IA and SFM as to 1hg thties ol Trustees as per SFR'S.

Explain about whol the charity 15 trying lo do and how il is go￿9 aboul il. You are only requirgd to provide
briel summary of the rnain activities ar)d achievements ol the charity during the year in relatKJn lo ils
objects.
, Summary ol main
8ctMti8s li relation to
the Char
's ob ects
Summary of main
achi8v8ments ol the
Charity ￿ring ihg
year
Provtrje a brbef review ol ihe fina￿81 pxition ol the tharity. This 5￿Uld i*lu¢k the prtrKipal types of
Financial Review
The bAAnagin9 Tru￿86 should give in their report a descnpIic￿ ol the fdlowing policios:
For Ihc sclcclion of invoslmenls for the chafty.
For determin￿9 Ihe level ol income reserves held. stsiing and expF8ining the level of
resgrves held.
Where grants are made by Ihe charty, Ihe seloc1ion ot indNiduals and institutions vtho are to
rec8ive grants of the assets ol ihe charity.
Financial reseryes
Inveslrnents seleclion
policy and
perfOnn&r￿e ol th08e
inv881ment$.
ProvKle the name of al trustees4he Managing T￿￿tee[S) during Ihe rewrt ye8r.
Managing Trustee's
nameATuslees' names
LT COL EGR CARTWFIIGHT OBE
S8rious Intid8nt5
Public Benelil
Sia19m8nt
This fund provide5 public bonofil by as$isiing setvice personn81 to moro
eflcctively pertorm Iheir roles within Iho Arm8d Forces ol the Crown. It does
Ihisb
rovidin
welfare 8U
ort wlhin the Garrison. This USSisian¢e

enables sen4ice personnel lo lac& Ihe challenges and danger associated ￿th
rnililary S8Nice by developing and mainiaining ieamwork; character.. stxrit;
attitud8 and morale. As a resuli, tl)o fund promotes the effici8rKy ol the
A￿ed Forc8s ol Ihe Crown by enhancing the British Armys capabilities lo
und8nake Ihe roles dernaiyjed ol il inLluding the de[en￿ ol the United
Kingdom and rts inleresls.
'delele as appropdalo.
' replace wtlh wording approprialc to adivilies DI lurKI e.9. 'prow'ding and8upportJng mess faolllies
and SLKial acti￿10S,. or ' pr￿￿1￿9 and suppoffi.ng six)rting 8nd8dvenlure training ￿ti¥ll￿8..
Addrtional comments (include any decaar81ions ￿1¢h ￿re nol corrKt (Pg 11-13)):
&) addilional comments.
Signat4Jre
Name
Date..
Offi￿r

Internal Auditor'&lAud•l Board Report
'Ir¥¥8 hav8 examined books ol acixurrt and records Ircrfn ¥thich the linal accounts were prepared
and have obtained all the inlorinalion and explanations Ihal were necessary for the PUTF)05e of 'my/o
internal audit.
'IA6Je certify Ihai end of period ¢1)￿kS have been ¢onducled in ￿cOrdar0Ce with Service Funds
Flegul&i1￿ns.
Subject to tho obse￿￿￿onS gplen Lwlow l are" satisli8d thal proper books of acC￿nI have
b88n kept and Ihal thè th'nal ac¢xunls give a Irue and foir view ol the results ol Iransactions over the period
and of the slate of Ihc Fund's affairs as at ihe dale of the balance sheet. Subject also lo "mylow
obseryaliDns .1 arn/w￿ saiisfied Ihal cash and bank balances and stocks on hand hav8 been properly
checked al prescribed interv&ls and Ihat a*uale insuranco cxists.
'1￿ have stamped and signod the original books ol account and criginal rocords Vwo have
Ch￿ked. All vouch8r8 relating lo this account Fth have been cancelled.
"Ilwe havo made Ihe lolowing observalit>ns whllsl carrying out the intgrrial audit:
PrOviOUS ob88p￿tiOnS 'haVe1￿M￿l bcen adioned.
C¢ntiThJCS to be a well-njn fund.
Improved linancial marl(et saw an incr8aso lo Invpslrn8nl Inclxne.
Closer scrutiny of requests hom tho f4Jnd saw the lund recover from previous k)sses.
SwJnature
Name
Date..
AppDinlment RAO

CorndlS02 SPS- Iiidepondgnt Examiner's Report on Ihe Accoun18, and Cornments
ive Flos
onsibilities of T
xa￿ner
The ¢hariV$ Trustg95 are respDn8ible for the preparation of the aixounls. Thc Charity'5 TnJBlees
cons+der lfval an audit is not r8quired lor tris year (under section 43(2) ol tho Charrties Act 1993 Ilhe Acll
and that an indcwndent exarninpltion is nctrjed.
1145 my responsibilty lo..
Exarni￿ tho aceounls {u￿r seclion 43(3}(a) of Ihe Adl.
Follow the proccdures taid dovm in the General Direclions glven by the Charity
C￿mIs￿onerS (under s6Ction 43171(b) of the Acll.
Slalp vknelher paitular mattèrs have come to my attention.
Basis ot Indè
dcnl
inerfs St8
ment
',My exarninatic￿ Yas carned out in accor&v£e with General tlirections givcn by Ihe Charity
commi￿lOnUr3. An eKarnination includes a review ol Ihe aceounling ￿01￿$ kept by Ihe chartty and a
comparison ol the accounts prespnled wiui IhDse records. li alqo includos ¢onsideralion of any unusual
items or disclosures in Ihe accounls, and seeking explanalions from the trustees coTrG8ming any such
malters. The proceduros undertaken do not provide all tho eVKIen￿ that would be required in an auth'L arKJ
consequenlty I do not express an audr( optnlon cffl the a(tOunts.
Inde
ent Exami
In connection wllh my eXaminat￿n, no mailor has come lo my anention (ollw Ihan thal disclosed
overfeal-l-
Which give8 me reasonable cause lo b￿leve thal in any material r8sffj the req￿remen18',
(1)
To keep acco{￿11￿ records in atxord&nce wth section 4101 the 1993 Actr.
(2
To prepare accowts ￿lCh accorcl with the accountirvJ records and comply with the
accounting icquirements ol the Act:
have not bw mel.
To Ythich. in my ownion, attention ShO￿d b8 dra￿ In order lo enablc a F¥oper
undorstanding of the aceounls lo ts reached.
' Dclolè as applicable.
12

SU2 SPS ComnKnlS- Siiltws Fund
l. I have rewiewcd thc E*und's income over the la%1 ivilil ￿TiodS il's genuinc incomc h25
' ilol exLe¢d¢d £251X in any of these yeats: FY 1711 £ I￿.4¥1.￿7. FY I WI Y £49,913.91 *nd FY
19r20 £43,016.15.
fi￿ration biru¢lure of the Lharily is undetsi(Thl.
'lkne unil bas not yel conducicd its anniial hs%)Irancc dlle lu COVID-IY tTJvel Tdsirictions and
L) the tctM)rt h&$ not been Jrfeffed tr) in the compi1o1ion of Ihis Twn. A samp]c of Hccoun15 will b¢
conducicd oncc s'i%its have resiini¢d.
Th¢ 11CCOUlbting wlicies wnsistent in appli¢aLiOTh IppM￿lltr to the a¢tivities of the.
lknere have been tio delibcr41c acts of misconduei. In the *JTninistsaiion ot. the charity.
The FM IA are lo nolc.,
The AFN 1514 Dole5:
(l} Hi%hlight thai nu Inandatory HU]'U of ihe accounLS ha8 cc£urrd by the Regt
Accl.
(?) Thai the iDvcyimcnis aye listed lis ￿ ¢ndowment m.hich is not rellccted in the
.Paxwn prinis.
(3> The rrfr ha5 nol arliculated the main *itvities or main achievemenL% of ihe
fund. Thi% th(yJld be atlleDd¢d Wore EoinE bein¢w finali5cd.
The balance Sheel has nol k¢n signed by an) nf Ih¢ StJkeh0lde￿.
Nu insuraJK¢ Apr￿[S to havc been paid by th¢ fvnd. If this is paid for fund by a
different lund this should be arti¢ul*cd in the IA uJIiimeiiLS.
Consideialinn shr￿Id be madc ab)ui closing th&se R Codes.
Thc rknervations olthv IA have been no(￿J. Overau the fil￿ 14 managcd w¢ll.
lThJependemt EXamI￿r,￿
Si¥iiiture
Name
Date: 02112r2
Ap￿)IntmCllt S02 SPS

S￿tell)ent of FinaJKlal Aetivltle8 ox at 31103llO21J
P*xto*fr
Px¥eloll
PriAtrd: 31mJn&20
SIJLTLYS
Unfttlricledl
Desi¥nateiVGpr
Fuuds
Regtri¢ted
FuThd5
Endown)c
Fun
Totsl
previo￿ P¢r¥od
Funds
Iutltary Ineorn¢
vit1¢> fi)r G¢ntTaiing P)Uk1s
rjir51n￿￿t Incom¢
n¢(bmc Rauurc¢s frorn
ablc Acli¥ti?rs
LT knKoTniM Resourc¢s
t41 thcomib Hesourc
esoprtes E/p¢nded Cost tsl
20,110.0
o.oo
22,9116.1S
0.00
.00
0,00
2(1.170.00
0.00
22.906.15
38.1%1,23
o_oo
o.oo
11,762.7
0.00
Q.Ot)
o.oo
0.00
43 Q7&1S
o.uo
.uo
43 070.15
49
13.93
ve5tn*n( Managernenl COSL
OSL% of fjen¢rallnb, fund5
t￿L￿)￿leA¢1]Yitles
oVer￿nce Co%ts
11,512.61
o.oo
.00
0.00
8,1.59.70
4J.15S S2
62 827.85
o.(
11512.63
o.oo
0.00
140.57
0.00
o.oo
.00
o.po
.00
o,tso
0.00
.159.70
43,155.52
62
2i.n?5.46
36.)84.13
o.uo
o.fjo
b¢al Rtsowrce¥ F.x
ded
iillrces Befo￿ Thnsf¢rs
Irgn¥ftrs
-19.7SI.YO
•.0
-19,7SI.711
-•,¥36.23
r055 tr8nsfrTr bthvteii fill￿$
in1er￿1 trgnsfrrs)
et ID¢omlnz reJourne¥ ￿f0
oldi
alN4 lus*S
Iding G*lD5nffjxses
iaijts on r¢￿1￿￿]￿n of
haritys fixed
Linin&iL4)&ses OD
nvesLm¢nr •&¥ets
rt Mi)vemeut im Fvibds
econelliallon of VllDds
tsl (uytds bro¥tbt forw•nl
rorn pr¢vious )'e¥r
otil funds carrled forn*rd
o.ou
-19.7S1.7
0,00
-19.75J.70
-YW623
o.ou
0.00
fj.00
55.305.30
0.00
5SuOS.J
35
4i,748.99
-11ts85.22
o.oo
431 135.18
0.00
435JJS.18
4?11117¥.78
4?J
.78

Pqxeom+
Trljl Bal*Jce
Pate lof2
PJllltfyl: 31A1312020
SDI.TA￿s
alan¢e datr to end i)fMvch 2U20
Ail nomiuti! C￿¢3
Its￿ut c￿151 ecllire cwjes shown
Alc
f)ebtTr
o.
B650
C*ureni b*k
20.104.57
B653
r17L
rNVESTMEK￿.
.19.733.62
450284.21
0.00
55J05.30
Crtdilor5
B7$11
B760
-13.08
VATpayable
Ac¢umul*d GPF
435.535.18
%3.585,22
471,088.78
J5,553.60
435,535.18
101,890.52
-19.1$1.70
IY.138.82

Tri*1 BAlan£¢
PAge2of2
Prl*ted: 3110312020
SULTA NS
Ptholl+
-20.171J.00
-22,906.15
-55,305.3C
-8.IXIO.(KI
tiooi
N.ITII)NS IN
INVL%Tl¥lUry DIVIDEND
INVESTKIE14T GAtN8
BANK CHARGES
￿4c oirr
G126
G160
59.03
CJS00
11,453.
.159.70
C¥.501
i%o.oo
G770
FKAMtNG AND
ENCiRAVtNO
(JKANI AID
IN&'ESI'Mr,.N'r u)ss
LK)NOT USE
IX) NQI" USE
1.440.12
43.155.32
0.00
G800
0.00
T740
O.QD
T750
62,827.85
-J5.553.00
-91,)81.45
1.624 12
-6 J75.88
-i.otMI.00

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