2023-03-31-accounts

Army Foftr N1514 (Rev 111091 Service Non Public Funds Final Accounts, Managing Trustee's Report, Internal Audit Board Report and Independent Examinerfs Report (SORP 2005 compliant) Regimentsl Accountant Scheme Unit Address HQ HEREF0RDU￿1 In resped of the PALUD-R4NN Fundlcha Charily CommissionlRegulator registered "number 1130125 For the period from 01 APR 2022 to 31 MAR 2023 Managing Trustee{s) during the period: From 01 APR 2022 to 31 MAR 2023 Name Fund Managerlsl during the period: From From 01 APR 2022 20 JUN 2022 to to 20 JUN 2022 31 MAR 2023 Narne Name Internal Auditorlsl during the perlod: From From 01 APR 2022 16 MAY 2022 to lo 16 MAY 2022 31 MAR 2023 Name Name Associate Auditorfs) during the period: Regimental A¢countant(s) during the period: From 01 APR 2022 31 MAR 2023 Name

Notes to the Accounts (Paras 2 to 12 are to be completed by all funds which have a gross Income of £1 OOK or over and those funds already registered with the Charity Regulator. all other funds are to complete Paras 6 and 7 and the declarations at Para 121: Princi al Accountin Policies Accountin Convention. The financial statements are prepared under the historical cost conventiors as m¢)dified by the inclusion of investments at market value and in accordance with applicable accounting standards. In preparing the financial statements the charity follows best practice as set out in the Statement of Recommended Practice 'Accounting and Reporting by Charities, (SORP) 2005 htt .'Ilwww cha coir.niisil0n. OV.U￿JinVeStl ationslsor Iso 05docs.as Incomin Resources. Income is recognised in the peri¢)d in which the charity is entitled to receipt, and the amount can be measured with reasonable certainty. Grants from other agencies including donations and other income from activities are in furtherance of the charity's objects and are part of the general funds of the charity. A restricted fund is only recognised where this is an agreed and explicit condrtion of the grant or donor. Intan ible Incom Due to the close ttillaboratsve relationship and the manner in which the charity's activities compliment those of the Amiy, intangible income, reflected in time and use of premises is not quantifiable or measurable and so is not recognised in the accounls. Resources Ex ended and Basis of Allocation of Costs. Expenditure is included when incurred or exceptionally where a commitrnent Is made which requires an accrual when payment is to be made in the subsequent accounting period. Similarly, where prepayments are made in recognition of commitments falling due in a subsequent accounting period, the appropriate credrt is entered in the accounts and reversed the following year. Granls payable are included in the SOFA when approved by the Managing Trustee. Expenditure is recognised in the period in which it is incurred. The majority of costs are directly attn"butable to specific activities. Irrecoverable VAT is charged to the activty for which it was incurred. Governance Costs. Govemance costs are the costs of professional advice, holding trustee meetings or Gommittee meetings associated with decision making, any fee for audit or independenl examination and any fee incurred in the preparation, statutory filing, printing or copying of the annual report and accounts. Ca italisation and De reciation of Tan ible Fixed Assets. All assets having a purchase value of more than £500 are Gapitalised. The cost of tangible fixed assets are written off by equal annual instalments over their experted useful lives using the following methods of depreciation.. Fumiture. fixtures and equipment Motor vehicles Straight Line over a penod of 2 - 10 years. straight Line over a peri¢￿ of 2 - 10 years. Assets with a lrfe of more than one year but wtih a purchase value of below £500 are included within the inventory bul the Gost is wntten off in the year it is incurred and is not depreciated over the useful life of the asset. Where the asset is deprecialed over a period of more than 10 years, details of the item and period are to be provided following the notes on page 14. Fixed Asset Investments. Fixed asset investments are included at market value at the balance sheet dale. Any gain or loss on revaluation is shown in the Statement of Financial ActivitEs (SOFA). Stocks. Purchased stocks are valued at the lower cost or net realisable value making due allowance for any obsolete or slow-moving items. Funds Accountin Funds held by the charty are..

General Pur oselunrestricted IDesi naled Funds. These are funds that can be used in accordance with the charitable objects at the discretion of the Managing Trustee. Designaled funds are unrestricted funds which have been allocatedlearmarked for a particular purpose by the Managing Trustee and are to be declared in the Managing Trustees comments in accordan￿ with Para 12 to these notes stating what they are intended to be used for and when. {2) Endowment Funds. Endowment fvnds are those investments and other gifts accepted by the unrt, the capital sum or property being held in perpetuity and the income only being available for charitable use. (3) Restricted Funds. These are funds that can only be used for particular restricted purposes wrthin the objects of the charity- Restnclions arise when specified by the donor or when funds are raised for particular restricted purposes Furthef explanation of the nature and purpose of each fund is to be included in the notes to the accounts. Henta e Assets. In the course of the unit's history. the charity may have acquired gifts, memorabilia, regalia, silverware, antiques and other histoncal artefacts in the course of distinguished milrtary ser￿ICe in service of the Crown. The value of these ple￿S is in large part derived from their close assouation with Regimental history which precludes the use of conventional valuation techniques being applied. Whilst the objects of the charity do not specifically include preservation and consetwation, the ple￿S represent an essential element of celebrating the unit's history and foster espril-de-corps. Consequently the Managing Trustee consider5 the charity to hold heritage assets both for functional use and as an element of national history on behalf of the nation. Heritage assels acquired Prior to 1 Apr 06 are therefore not capitalised on the balance sheet but a description of Ihose assets is disclosed as part of the notes to the accounts. Heritage assets acquired after 1 Apr 06 where the Purchase pri￿ is known and which exceed £500.00 are included in the balance sheet at acquisition value but are not depreciated. Other Costs. Other costs are those costs not incurred in the undertaking of charitable activity in furtherance of the objects of the charrty, i.e. the Provision of facilities, recreational programmes or activities in furtheran￿ of milrtary efficiency. They are also costs inCu￿ed in the making of grants and donations, in the costs of generating funds, i.e. the costs incurred in trading or fundraising undertaken by the chanty, or in govemance costs.

Grants Made. (rf total grants are over 5% of the charrty's total expendilure) The Charity made the following grantsldonations. Grants to inslitutions Name of inslitutsons Purpose Total number of rants iven Total amount of rants aid Total rants lo inststutions NIA Grants to individuals Purpose Total number of iants iven Totsl amount of rants aid Total NIA Related Pa Transactions & Remuneration and Ex nses Whilst the charity has a close working relationship with the Amy. there are no transactions with the Army which require disclosure under SORP 2005. The only transadions made by the chanty in favour of the unil are wholly attributable to the charitable activities of furthering milrtary efficiency. The Managing Trustee is an officer or equivalent and fulfils the role as trustee in accordance with the applicable laws and regulations. No expenses have been paid to the trustee. In the event that expenses have bèen paid lo the trustee these are disclosed under the Managing Trustee's Comments. Anal sis of ilal Pro Fixtures. fittings & equipment Motor vehicles Total Balance blf Purchases Sales & WIOS De reciation Balance clf £23,094.10 £18.370.56 £1,007.99 £8,355.44 £32,10123 £3,108.00 £26,202 10 £18.370 56 £1.007.99 £8.947 44 £34,617.23 £592.(J) £2,516.00

Total Value of Investments b Cat Value £ £0 £0 £0 £0 Car value rnarkel value atb innin of ear Add additions lo Investments al cost investments Less dis osals al car value Investments sold Addlldeductl nel gainlllossl on revaluation Igainlloss at end of accounb'ng eriodlaudit Car In value urchased rnarkel value al end of ear £0 Breakdown of Mark Val*Jes at Year End GPFI Unreslricled Value £ Restricted Endowment Total value Incoff durin ear Value £ Value £ Value £ .Value £ Investment propeth.es £0 £0 £0 £0 £0 Investments listed on a nised stock exchan rec Investments held in unit trusts or other collecb.ve investment schemes Investments in subsidiary or connected undertakings and com nies Securities not listed on 8 rec nised Stock Exchan Cash held as part of the investment ortfolio Other investments £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 Totsl £0 £0 £0 £0 £0 List of Debtors Debtor Date of Debt Amount NIA Total There are no amounts falling due after more than one year (delete as appropriate). NIA List of Creditors Creditor Date of Credit Amount NIA Total There are no amounts falling due after more than one year (delete as appropriate)- NIA Paid Em ees Thi5 ear£ £205,177.61 £15,380 05 £3,200 79 £223,758.45 Last ear £ £144.781.39 £9,456 53 £1.851 95 £156,089.87 Gross wa es aid Em lo er's National Insurance Pension Contributions aid aid Total staff costs

Give the number of employees who were engaged in each of the followin This 13 acttvrties.. ear Last 13 ear Costs of eneratin Charitable activities Other funds Total 13 13 No individual employee re￿iVed a salary of over £60,000.00 Goveman Costs This ear £ £0 £1,300.00 Last ear£ £0 £0 Audit or inde endent examinab'on fee HREX enses - Sanders 10. ReStricte￿End0Wrnent Funds SEE AThACHED SOFA REPORT Give details of the movements of the individual funds summansed in the restricted and endowment column of the Statements of Financial Activities (SOFA). A brief explanation as to the nature and purpose of the charity s Restricted Funds is to be provided. Pu Name of Reslricled Fund NIL se of ftjnd Herita e Assets. Heritage assets that are owned by the chanty but purchasedlacquired prior lo 1 Apr 06 are not included in the charity's capf(al property value (see note 1.j)- A lisudescription of these assets is below.. NIL 12. Declarations All of the chartty's commitments are provided for in the accounts. No guarantees have been given to third parties. The charity has not re￿iVed any loans that are outstanding at the year*nd and secured on assets. The charity has not granted any loans to instiluiions or companies connected with the charity. The charty did not make any ex-gralia payments during the year. Sufficient resources are held in an appropriate forni to enable each fund to be applied in accordance with the restrictions imposed. The financial activities, assets and liabilrties of all the charity's branches or sections have been included. The truslees have not changed Ihe year end date or the length of the charity's financjal year. The charity has no designated fijnds (rf there are designated funds the reason for designation and when each designated fund is intended to be used by is to be stated in the Managing Trustee report). All the charity's operations a￿ continuing operations and there were no operations disconb'nued or acquired during the year. No funds {unr8strided, designated. restricted or endowment) are in deficit at the balance sheet date.

The charity has no intarYJible assets. There were no inter-fund loans outstanding at the balance sheet date. None of the charity's functional fixed assets have been re-valued during the year and the charity does not have a policy of revaluation of these assets. The charity has no subsidiary companies. Th8 charity has no material fixed assets which have not been caprtalised and included in the balance sheet. No internal transfers have occurred OLrt of festrictedlendowment funds. In the event that a transfer has taken place, full details of the reason for the transfer are disclosed in the Managing Trustee's comments. All investments held are investment assets in the UK unless otherwise stated. Note; Where any of the declarations are not correct they are to be crossed out and details provided in the Managing Trustees comments. Additional comments.. 'IANe have stamped and signed the original books of account and the original records IIw8 have checked. All vouchers relating to this account period have been cancelled. a_ The Income of the fund has increased from £418.372.33 last year to £561,503.43. This is due lo many factors.. increase in stock variety and prices (due to inflation). b. The Nel Profit for 2022123 was £58,263 63 compared to £52,947.49 in the previous year. c. The quarterty VAT Retums for all four periods have been submitted on time. d. No debtors or credilors are outstanding. e. As from the 1 Apr 23, the accounting and administration of the Fund will be handed over to the Palud-R-Inn. This will be the last AF N1514 to be completed under cover of Servi CharFlable Funds. Date Signature Name Fund Mana er Accountant Scheme Audit Board Scheme imental l Account Hold

Managing Trustee's Annual Report and Comments: Address. HQ Hereford Charity name and Charity CommissionlRegulator registered number". PALUD-R4NN Reg: 1130125 Oescription of the charty's trusts This should include. Details, including date if known of the charrty's goveming document (e.g. trust deed, will, constituiion etcl,. and A brbef explanation of the charity's objects. Where applicable, you may choose to give details of any specific investment powers of the charrty. Governing Document le.g. Trust Deed, Constitution) Service Fund Regulations Constitution Dated 13 Jul 2022 Regimental Standing Orders Queens Re ulations Objects of the Charity The promotion of efficiency of the Armed Forces of the crown by the provision and support of facilities and actNib"es for the efficiency and well-being of service rsonnel. Explain briefly how trustees are elected or appointed and details of any induction and trustee training attended. Trustee selecb.on rnethod On appointment of the Commanding Ofticers. Trustee indUCt￿n and training Briefing 9iven by IA and SFM as to the duties of Trustees as per SFRS. Consblution, RSOS and QRS.

Explain about what The charity Is trying to do and how it is going about it. Yoij are only required to Pi ovide a brief Summary of the main activities and achievements of the charity during the year in relation lo ils objects. Summary ol main i activities in relation to the Charity's objects l To provide a suitable environment for all Garrison personnel to soTrialise. Summary of main achievements of the Charity during the year Another successful year in terms of profftability. Provide a brief review of the finanrial posibon of the ¢harrty. This should indude the principal type5 of income. Financial Review Income onginales from tradina profil trom the cafè. The Managing Trustee should give in their report a descr5Ption of the following policies.. For the selection of investments for the charity- For determining the level of income reserves held: stating and explaining the level of reserves hetd. Where grants are made by the charfÉy, the selection of individuals and instrf(ution5 who are to Ire￿1ve grants out of the assets of the chartty- Financial ieserves Investrnents 5ele¢tion policy and performance of those investments. Provide the name of all trusteeslthe Managing Trustee{s) during the report year Managing Tnjslee's nameltrustees, names Serious Incidents Public Benefit Stalernent This fund provhles public benefft by assi5ts.ng se￿iCe personnel to more, effectTvely perform their roles wthin the Amed Forces of the Crown. It does this by providing welfare support within the Garrison. This assistance enables service personnel to lace the challenges and danger associated with milsiary seivice by devdoping 8nd maintaining teamwort(', character, spirst. attitude and morale. As a result, the fund promotes the effiaency of the A￿red Forces of the Crown by enhancing Ihe British

l Amly s knapabililies to u?delake the roles demandeil ot it irycluding thè defence ol the l Uniteo lfjngdoin and Ils inleresis. 11 knonfiryn Iha; I have paid due .-eyafd to Ine Charity Commission OF England and Wales s guidance on public benefit when deciding what a-I,'vities the charity should undertake. 'delete as appropriate. replace wrtki wording appropii ate to activities of fund e.g. 'providing and supporting mess'facilities and social activities or ' providing ana supporting sporting and adventure training activities., Additional Gommenls (include any declarations which were not correct. 1. Audit Period. The audit period fo as held be￿een l Apr 22 to 31 Mar 23. 2. Management. The Internal Auditor and Senior Fund Manager have continued to provide sound advice and guidance to the Fund Managers during this audit period and direction given by the Regimental Accountant and IA has been followed. 3. Duties. All members of the Regimental Accountant Scheme are reminded of the need to ca¢ry out their respective duties dili9ently and in accordance with SFRs_ 4. Trading. The Total Percentage profit was 22.16Y•, Srtting vlithi 5. Propety. The property has been sufficiently mantained throughout the audit period. 6. Conclusion. I congratulate the respeeitve Fund Managers who have continued to deliver during this audit period. policy Signature Name Date.. Appointment Commandin Officer io

Internal Auditor'slAudit Board Report 'IIWe have examined the books of account and records from which the final accounts were prepared and have obtained all the information and explanations that were necessary for the purpose of 'myleuF internal audit. .114618 certify that end of peri¢)d checks have been conducted in accordance with Service Fund5 Regulations. Subject to the observalions given below l aM1w￿e. satisfied that proper books of account have been kept and that the final accounts give a true and fair view of the results of transactions over the period and of the slate of the Fund's affairs as at the dale of the balance sheet. Subject also to 'mylour observations .1 amAve are salisfied that cash and bartrk balances and stod(s on hand have been properfy checked at prescribed intervals and that adequate insurance exists. "Ilwe have stamped and signed the original books of account and the original records Ilwe have hecked. All vouchers relating to this account penod have been cancelled. 'IAWe have made the following observations whilst ¢arrying out the internal audit.. 8. Previous obseThations "havellwud been actioned. b All property has been depreciated in line wtlh SFRS. The insurance levels have been scaled against the value of current Capital Property and stock on hand. c. Another successful trading year.. the total per￿ntsge profit was 22.16%. sttting within policy. d. The worth of the Fund has increased from £61,430.03 to £78.609 60. e Fund Manager Training has been conducted in accordance with SFRS. f. I have read and agree wrth Fund Managerfs comments. g. As at 1 Apr 23, the accounting and administration of the Fund will be handed over to the Palud-R- Inn The 2022123 AF N1514 will be the lasl report to be completed under cover of servi￿ Charitable Funds. Signature Name Dale.. (f l£izS Appointment RAO

CorndlS02 SPS- Independent Examinerfs Report on the Accounts. and Comments Res ective Res onsibilities of Trustees and Examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider Ihat an audrt is not required for this year {undef section 43{2) of the Charities Act 1993 {the Act) and that an independent examination is needed. It is my responsibility to". Examine the accounts {under section 4313)(a) of the Act). Follow the procedures laid down in the General Directions given by the Charrty Commissioners {under section 43171{b) of the Acti State whether particular matters have come to my attention. Basis of Inde ndent Examiner's Statement My examination was carried out in accordance with General Diredions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wilh those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concemffing any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Inde endent Examiner's Statement In connection wilh my examination, no matter has come to my attention (other than that disclosed overlear). Which gives me reasonable cause to believe that in any material respect the requirements.. To keep awounting records in accordance with section 41 of the 1993 Act". {1) (2) To prepare accounts which accord with the accounting records and comply with the aGcounting requirements of the Act.. have not been met. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reathed. Delete as applicable. 12

OFFICIAL-SENSITIVE - 1514s 22123: S02 SPS- Independent Examinerfs Report on the Accounts. and Comments: Disclosur n (Only to be completed if the examiner needs to highlight material problems/discrepanciesl'. Give here brief details of any items that the examiner wishes to disclose. S02 SPS Comments.. PALUD-R-INN FUND l. I have reviewed the fund's income over the last 2 audit periods and its genuine income has exceeded the E250,CDJ.(X) threshold set out through the Charities Commission tn any of these years. 2. The operètion and Structure of the Charity is understood. In the compilation of the report. I have referred to the Unit's annval Gl Audit Self_assessment support inspection report when required. I have examined the AB397 balances at the end of the Audit period an¢J the funds rem3in healthv. 5. During the Unit's annua5 assurance visit and appropriate level of sampling was conducted on 311 accounting records and subsidiary books. 6. The final accounts. and Gl Audit Report. have revealed no unusual items, unexpected fluctuations, or inconstrstencies. The assets and liabilities are consistent with the type of activities that the charitv operates. 7. The fund operates on the accrual's basis conforming with s.4211l of the CC regulations. 8. The accounting policies are consistent in application and appropriate to the activities of the charity. 9. There is no event that has led to the adverse tmpact on the worth of the charity subsequent to this report. 10. No restricted funds are overspent. 11. There has been no deliberate act of misconduct in the administration of the charity. The following additional comments are highlighted for info / action= This fund, due to exceeding the £250k CC/SFRs3 threshold. will attract a external audit by MASIAI and obsetvations held within are to be considered in conjunttion with the MASIAI final SCF Financial report. Due to the expected income breaching the Charities Commission ICC) / SFRS regulatory audit limitations. the fund is registered with the CC- 1130125. Thefund will be closed down Wef 31 Mar 23. Documentary evidence has been forwarded to APSG, but confirmation of account closure and transfers of outstanding balances will be discussed with IA MAB 2 ir¢l3n 24. Income= £561,503.43. Expenditure.. £544.323.86. A positive difference ol +£17,179.57 to the fund. Totals fund balance as at 31 Mar 23-. £78.609.60 which confirms the fund remains healthy and is expected to continue to grow in line with post-COVID sales. Capital Property purchase= £18k. Sales/write off of property= Elk and depreciation of £8.355.44. The vehicle CP has an increase of £3,108.00 with a depreciation of £592.00. Current CP balance of £32k on property and £2.5k on vehicle CP. No Debtors. No Creditor5. No Grar)ts of Oonations. SFRS Ch 21 Para 2116. SFRS Ch 21 Para 2116. OFFICIAL- SENSITIVE

OFFICIAL-SENSITIVE io. There Is currently no PRSIPPL payment but IS 3 TV license payment. SCF Operator to confirm IF this is correct. ii. All salaries have been actioned in line with HMRC SFRS Guidance Ilncl Nl and Pension contributionsl. The increase frorn 20/21 financial impact to the fund for salaries Is £67,668.58130%1 increase which should be observed by the business taking over the fund from SCF. 12. The shop trade.. Purchased stock.- £266,750.33. b. Existing stock.. 3.803.53. Tot31501d.' £262,946.80. d. Surplus: _£151.967.591-57.79%1. e. Trading Expenses". £237,647.92. Net Surplus: .£389.615.511-148.17%1. 13. Trade Note.. This figure dernonstrates a less of profit for the second year in a row121122 £87,253.72) based on evidence provided. S02 SPS will ViSTt the Unit in Jan 24 to establish whether the figures are a true reflertion on business profits and confirm handoverltakeoverlclosure of the fund is evidenced and archived IAW SFRS closure procedures. 14. The figures entered onto the Manag6ng trustees report1£58.263.63 - 22.16%1 are not reflertive of the evidenced profit calculator produced1-147%1. Clarif*cation of the correct balance is required. 15. PAXTON+ system name for the fund ￿S incorrett. Delete.. Pauld-R-Inn. Insert". Palud-R-Inn. Independent Examiner's Signature-. Rank I Intls I Surname.. Appointment.. Date.. 15 Jan 24 OFFICIAL- SENsmvE

Statement of Financial Activities as 413110312023 Paxton+ Pagelofl Printed: 1910412023 PAULD-R-TNN CLUB Unrestriciedl Dessgnaied/GPF Funds ReStriC￿d Funds End0￿ment Funds Totsl Funds Previous Period lothl Fw)ds ncoming Resources oluntary Income ctivities for G¢ll¢rdting Funds vestsneni Income come R¢sour¢¢s from harEtable Artivilies ther Incomin Resources otal IncoEnin Resource5 esources Lxpended Cost of enerating Funds vestment Mana8en]eni Costs osts 0(Generdting Funds bariiable Aciiviiies overnance Cosis rants and Donations her Costs olal Resource$ F.x nded et IncoJninglOutgoiDg esources Before Transfers nsfers 0.00 0.00 0.00 2,645.08 0.00 6.755.34 0.00 2,645.08 0.00 0.00 0.00 558,858.35 0.00 0.00 0.00 558.558.35 411.616.99 0.00 72.33 0.00 0.00 561503.43 561503.43 418 48.00 25.657.68 503,990.76 i,i05.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48.00 25,657.68 503,990.76 3.305.71 0.00 68.66 28,518.57 195,i46.58 1.972.95 40,OQO.00 164,064.79 429 971.55 0.00 0.00 0.00 0.00 544 23.86 0.00 544 23.86 17.179.57 0.00 .00 17.179.57 -11.599.22 Jross tran%fcrs between fimds internal tran5fcT5} et Incoming resources befor oldin£ %ain5 and losse5 oldin% Gainslkntysses ains on revaluation of the hariry's fixed as5els nreali5ed Gain&iosses on vestment asseL et MoTr'ement Funds ecunciliatson of Fund5 otal funds brought fonward rom previous year otaI funds carried fonward 0.00 0.00 0.00 0.00 17,179.57 0.00 0.00 17.179.57 -11,599.22 0.00 0.00 0.00 0.00 0.00 J7.179.57 0.00 0.00 0.00 .00 0.00 17 179.57 0.00 -11,599.22 61,430.03 o.o& 61,430.D3 78 609.60 o.oo 0.00 78,609.60

Paxton+ B*l#nce Sheet- March 2023 Page l of2 Printed: 1910412023 PAULD-R-tNN CLUB Marcb 2023 Balance Fixed Assets 26202.10 CAPITAL PROPERTY )4,617.23 26.202.10 Trfkl Fixed Assets 34,617.23 Curtui.4ssets 65269.60 CENTRAL BANK I.000.00 DEBTORS 3,791.85 SOII CANTF.ENNENDING 70,061.45 Total Current Assets 40,055.98 0.00 J.803.53 43,859.51 96,263.55 Total Assets 78,476.74 Liabilities 2 1,043.32 CREDITORS 4,189.97 CVAT cA￿EEN 9,600.23 VAT PAYABLE 0.00 (L)2.86) 0.00 (34.83i.52) Tothl Liabilities 132.86 61,430.03 Totsl Assets Minus Liabililie5 78,609.60 Totsl Fund$ 0.00 T(rtal'Restricted Funds O.(Kl Tot31 ElldowTtteni Fl￿dS O.(K) Toial Designated Funds 61,4)0.03 Accumulaieil Trading & GPF 0.00 78.609.60 61,4)0.03 Totsl Funds 78,609.60

Paxton+ B81gnee Sheet- Marcb 2023 Pgge2 of2 Printed: 1910412023 PAblD-R-INY CLUB End of last Balance Funds AE￿]yS1$ D¢$i￿lated Fund5 0.00 Restricted FLmds Endowmeni Funds Trading and General Purwse Funds (108,107.03) Trnding surplus 0.00 N'on Primary Purpose trading surplus 96,507.8 l General Pwose Fund SUTpIus (389.61S.51) '0.00 406,795.08 {11.599 ?2) Trading & GPF surplus 73,029.25 Balance at l&%t balance sheet 17.179.57 61,430.03 61,430.03 A¢cumulated Trdding & GPF 78,609.60 61.430.03 Grand total 78,609.60 Signature ofAIC Hold¢rlFund Manager Date- Signa fmanaging Tnjstre

Paxton+ Income and Expenditsre- Detailed - Maych 2023 Cost cenlres ¢oDsolidated Page l of 10 PriDled: 1910412023 PAULD-R-INN CI,UII March 2023 Cost centres consolidated Tumover this month Tumover ..￿e￿ to date GPF Anatysis Income Voluntary Income G(K)I DONATIONS G049 INCOME (SHADOW CODE) 0.00 0.00 0.00 Activities for Generating Funds G050 NI REFUNDS G051 RESTRiCTED- GPF G053 GOVERMENT FURLOUGH G055 VAT REFUNDS G060 VAT B760 LEGACY ERROR 0.00 0.00 0.00 2.645.08 0.00 0.00 0.00 0.00 2.645.08 InveS￿ent Income 0.00 0.00 Income Resources from Chatithble Activiti Trading Incotne G200 POSAC CR G299 INCO￿ (SHADOW CODE) 15.769_19 39.837.26 o_oo 110.979.21 447.879.14 0.00 55.656.45 558,858.35 Other Income Non Primarv Purpose Trading Income G399 INCOME (SHADOW CODE) o.(KJ 0.00 0.00 0.00 Intemal Transfers Ln G401 RESTRICTED - GPF 0.00 Gains on R¢valu2tion of Fixed Assets 0.00 0.00 Unrealised Gains on Investment Assets 0.00 GPF Total Income 55,656.45 561,503.43

PaxtOll+ ID¢ome and Expenditure - Detsiled- Ma￿￿ 2023 Cost ¢ell¢res consolidated Page 2 of 10 Printed: 1910412023 PA[￿LD-R-I￿N CLUB Tumoi'er thi5 Tnonth Turnover ear to date Expcnditure Investment Management Costs G500 BARCLAYS BANK CHARGES 48.00 48.00 48.00 48.00 Costs of Genetating Funds G520 VENDtNG MACHINE HIRE G521 COFI."EE MACHINE NIAINT G522 SANDWICH MACHINE Rt.NTAL G523 COFFLL. MACHINE RENTAL 0.00 0.00 0.00 4,608.26 0.00 1,440.00 5.736.fv1 18,481.04 4,608.26 25.657.68 ClwitsbleActivities Trdding costs G600 PROPERTY REPAIRS G601 POSAC DR G650 EXPENDABLE PROPERTY G749 EXPF.NDtTURE {SHADOW CODI 55.364.39 500,594.72 2,725.89 0.00 670.15 0.00 0.00 0.00 55.364.J9 503,990.76 Govemance Costs G750 INSURANCE G751 CAR tNS & TAX G752 GOVLKNANCE COSTS G753 STATIONERY G754 TrIH COURSE 0.00 0.00 448.00 1.325.28 ,300.00 16.43 216.00 0.00 3,305.71 Grdnts and Donations 6770 DONAI"IONS G799 EXPENDITURE. (SHADOW CODI 0.00 0.00 0.00 0.00 0.00 Other Costs Non Primary Trading Costs G802 NEWSPAPERS G803 TV LICENCE G805 PROPERI'Y WIO G806 DEPRF.CIATION G807 sfocK WIO G808 PRS:PPL G810 STAFF UNIFOIiM G850 HISI'ORCIAL VAI" FfNE G852 VAT PAYMENT EEiROR G870 STAFF WACJES G871 S1AFF BONUS G872 STAFF GIFrs G899 F.XPF.NDITURE {SHADOW CODI 0.00 0.00 159.00 1,007.99 8.947.44 0.00 1.007.99 8.947.44 0.00 186.28 0.00 0.00 0.00 0.00 1,021.00 0.00 0.00 0.00 0.00 0.00

PaxtoTr lll¢ome and Expenditure- Detailed - Ma￿h 2023 Cost ¢entres ¢ons01idgted Page 3 of 10 Printed: 1910412023 PAULD-R-If4L¥ CLUB rumover this Tnonth Turnover 'cgr to dale 11.321.71 9,955.43 Internal TrdnsfeTS Out 0.00 0.00 Uttreali%d L0s5¢s on Inv¢sttDents 0.00 0.00 GPF Toial Expendlntre 69,976.08 544,323.86 GPF In¢ome Over Expenditure -14.3 19_63 17,179.57

Paxton+ lllcome and EIpellditure- Detailed - March 2023 Cos¢ centres ¢oJw)lid4ted Page 4 of 10 Printed: 1910412023 PAULD-R-TNN CLUB Turnover this moDth Turnover edr lo date Trading Account Analysis Trading Expenditure TOOI OPENtNG TRADtNG STOCKS T002 TRADtNO STOCK PURCHASES T003 CLosfNG TRADING STOCKS T004 WRITE OFF T006 TRADtNG COST ITEMS T007 TRADtNG EXPENSES 3.791.85 262.955.48 -3.803.53 26,739.11 785.43 0.00 0.00 27,839.85 0.00 237.647.92 Trading Income T008 SALES 15.769.19 110,979.21 Ineotne Over Expenditure -39,595.20 -389.615.51 Non Prituary Putpose Trading ADalysis Trdding Expenditure Trading Incolne Into￿¢ Over Expenditure 0.00 0.00

Paxton+ Ineome and Expendi¢ure- Detailed - M4rch 2023 Cost ¢eDtres ¢onsolidgted Page S of 10 Printed: 1910412023 PAULD-R-INN CLUB Tumoi'er this month Turnover 'ear 10 daic R¢stri¢t￿ Funds Andlysis Income Volunw Income 0.00 0.00 Activities for Generdting Funds 0.00 0.00 tnv¢sÈment Income 0.00 0.00 Inc0￿e Re50UTces frotn Charitable Activiti 0.00 0.00 Other Incoming R¢sourc¢s 0.00 0.00 Totsl Income exfjludiug trallsf¢rs 0.00 0.00

Paxton+ Income and EipeDditure- Detsiled - Mareh 2023 Cosl cen¢res eonsolidated Page 6 of 10 Printed: 1910412023 PAULD-R-INN CLUB Turnover this mgnth Turnover. ear to date ExFenditure Investment Mdrnagement Costs 0.00 0.00 Costs of Genernting Fwids 0.00 Ch￿Rtable Activities 0.00 Govemamce Costs 0.00 0.00 Grdnis and Donations Other Costs 0.00 0.00 To￿1 Expenditure excluding IraDsfer5 0.00 0.00 Iniernal Transfers 0.00 0.00 Restricted funds Income Over Expenditure 0.00 0.00

PgJton+ In¢ome and Eipenditure . Detailed - Ma¥Th 2023 Cog1 een¢res consolidated Page 7of 10 Printed: 1910412023 PAULD-R-INN CLUB TLunO￿Cr this month Turnover ear lo date DesigDated Funds Analysis Income Voluntary Income 0.00 0.00 Activities for Generdting Funds 0.00 InvesDnent Income 0.00 0.00 Incom¢ Resources from Chari(able Activiti 0.00 0.00 Other Incoming ReS0￿CeS 0.00 0.00 Total Income excluding transfers 0.00 0.00

PaItOD+ Income aDd Eipenditure- Detailed - March 2023 Cost centre5 consolidated Page 8 of 10 Printed: 1910412023 PAULD-R-INN CLUiI Turno¥'er this month Tumover ear io date Expenditure Investment mat￿gernent Costs ' 0.00 0.00 Costs ofGenernting Fund5 0.00 Charitable Aciivliies 0.00 Governi￿¢¢ Costs 0.00 Grdnts and DoDatlODS 0.00 0.00 Other Cosls 0.00 0.00 Totsl Expendiuwe excluding transfers In(ernal Transfers Designated funds Income Over Expendilur 0.00 0.00

Paxlon+ Income gknd Eipeknditure- Detailed - March 2023 Cos¢ eentres consolidated Page 9 of 10 Printed.. J 910412023 PAULD-R-INN CLUB Turnover this Turnov¢T to dat¢ Endomrynent Funds Analysis Income Volunw Income 0.00 0.00 ActivitK¢s for Generating Funds 0.00 Investsnent Income 0.00 Incorne Resources from Charitable Activiti 0.00 0.00 Other Incoming Resources 0.00 0.00 Total Income excluding transfers 0.00

Paxtoll+ Income and Expendilure- Detailed - Marrh 2023 Cost centres ¢onsolidated Page 10 of I Printed: 1910412023 PAULD-R-INN CLUB TurnovLr this month Turnol'cr 'car to date Expenditure Inyestmenr Management Costs 0.00 Costs of Generating Fl￿dS 0.00 Cbaritable Activities 0.00 Governance Costs 0.00 0.00 Grdncs and DOn￿lonS 0.00 0.00 Other Costs 0.00 0.00 Totsl Expenditure excludill8 transfers 0.00 Internal Transfers 0.00 EndowThent fijnds Incorne Over Expendi 0.00

PAxton+ NOD Primary Trading In¢ome and Expenditure- Ma￿kn 2023 Pagelofl Cost cenlr&s ¢ottsolidated Prinled: 1910412023 PAULD-R-INN CLUB NlaTch 2023 Cosi centres consolidated Turnovcr this ]nonth Turnover tar to ddre COST OF GOODS SOLD (A) 0.00 Value of goods disposed at cosi {B) 0.00 COST OF GOODS SOLD (A- B) - (C) 0.00 tNCOME FROM SALES INCOME FROM SALF.S (D) 0.00 o.oo SURPLUS Intome from sales (Total from D) Deduci cost of goods sold (Toiai from C) SURPLUS (El 0.00 0.00 Gross profit is therefore.. loo. IOOO/o x 100 NET SURPLUS (F) 0.00 Total Perceniage is therefor¢'. IoooA x 100

P21ton+ Income & F.xpenditure- MAreb 2023 Cosl ¢enlre5 con501idaled Pagelori Printed: 1910412023 PAUI.D-R-JNN CLUB March 2023 Cost ¢entr¢s consolidated urnover this month Turnoveryear to diite COST OF GOODS SOLD OPF.NtNG IRADING STOCKS TL4DlliG STOCK PURCHASE5:Rr 0.00 26.7i9.11 3.791.85 262,958.48 (A) 26,739.11 260,750.J3 Value of goods disposed ar cost WRITE OFF TRADING COST ITEMS Valu¢ of Closing siock at cost 0.00 0.00 3,803.53 o_oo -785.43 (B) -785.43 3,803.53 COST OF GOODS SOLD (A- B)- (C) 27.524.54 262,946.80 INCOME FROM SALES SALES 15.769.19 110,979.21 INCOME FROM SALES {D) 1$ 769.19 110,979.21 SURPLUS Income from sale5 (Total from D) Deduct cost of goods sold (Tothi from Cl SURPLUS (El 1,755.35 -151,967.59 Gr05S Profit is th¢refore: 42.71 (/*0 x 100 TRADtNG EXPEN'SES 27.839.85 237,647.92 NET SURPLUS (F) -39.595.20 -i89,615.51 Total Pertentage is therefore= -143.85 Vo -148.17U/o x 100

Enclosure 1 to Annex A ArmyHQ/ReslMAS(A)IProjects11~008 Dated 23 Jun 23 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEE OF PALUD-R~INN CLUB SERVICE NON-PUBLIC FUND (A NON-COMPANY CHARITY, REGISTERED 1130125) I report to the charity trustee on my examination of the accounts of the charity for the year ended 31 March 2023. Responsibilities and basis of report As the trustee of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act,). l am satisfied that the accounts of the charity are not required to be audited under Section 144 of the 2011 Act and are eligible for Independent Examination (IE). I report in respect of my examination of your charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination, I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement As the Charity's gross income exceeded £250,000 the independent examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination as a member of the Chartered Institute of Management Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: Accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act. The accounts do not accord with those records. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ACMA CGMA Chartered Institute of Management Accountants Management Accountancy Service (Army) Army Headquarters, Marlborough Lines, Andover, Hampshire, SP118HT 23 Jun 23 Page A-3 of 4