5 REGT RA
Armed Forces
Financial health, per its FY2025 accounts
The accounts state that the PRI Fund improved its financial position through reduced expenditure, although it still reported a net deficit of £4,407.21 for the year. The Central Bank Fund operates effectively as a custodial holding account with reconciled balances. However, the examiner noted significant governance shortcomings, including missing trustee signatures and commentary, which reduce the overall level of assurance.
What the accounts disclose
“The Balance Sheet has not been signed or dated by the Senior Fund Manager or Managing Trustee, which is required to confirm formal approval and governance compliance.”
“The use of an electronic signature by the Internal Auditor is not in accordance with ACSO 3354, which requires original signed documentation to be submitted within the prescribed timeframe.”
“The Balance Sheet has not been signed or dated by the Senior Fund Manager or Managing Trustee, which is required to confirm formal approval and governance compliance.”
“The use of an electronic signature by the Internal Auditor is not in accordance with ACSO 3354, which requires original signed documentation to be submitted within the prescribed timeframe.”
Trustees
- DUNCAN JAMES CAMPBELL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £45k | £41k |
| 30/06/2024 | £113k | £139k |
| 30/06/2023 | £75k | £95k |
| 30/06/2022 | £124k | £136k |
| 30/06/2021 | £77k | £64k |
Common questions
Is 5 REGT RA financially healthy?
Per its FY2025 accounts: The accounts state that the PRI Fund improved its financial position through reduced expenditure, although it still reported a net deficit of £4,407.21 for the year. The Central Bank Fund operates effectively as a custodial holding account with reconciled balances. However, the examiner noted significant governance shortcomings, including missing trustee signatures and commentary, which reduce the overall level of assurance. Its FY2025 accounts were independently examined.