2025-03-31-accounts

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Army Form N1514 (Rev 11/09)

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Service Non Public Funds Final Accounts, Managing Trustee’s Report, Internal Audit Board Report and Independent Examiner’s Report (SORP 2005 compliant) ; Regimental Accountant Scheme Unit MAB2 ° Address HQ HEREFORD GARRISON, STIRLING LINES, HEREFORD, HR4 7DD . i respecte of PALUD-R-INN Fund/Charity Charity Commission/Regulator registered 11301Lo number For-the period fom 01 APR 24 to 31 MAR 25 . Managing Trustee(s) during the period: — - Fund Manager(s) during the period: , internal Auditor(s) during the period: . Associate Auditor(s) during the period: : ) ,

Regimental Accountant(s) during the period:

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Notes to the Accounts (Paras 2 to 12 are to be completed by all funds which have a gross income of ; £100K 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 12):

1. Principal Accounting Policies

a. Accounting Convention. The financial statements are prepared under the historical cost convention as modified 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 (http:/Awww.charitycommission.gov.uk/investigations/sorp/sorp05docs.asp)

b. Incoming Resources. Income is recognised in the period 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 condition of the grant or donor. -

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Cc. intangible Income. Due to the close collaborative relationship and the manner in which the charity’s activities compliment those of the Army, intangible income, reflected in time and use of premises is not quantifiable or measurable and so is not recognised in the accounts.

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d. Resources Expended and Basis of Allocation of Costs. Expenditure is included when incurred or exceptionally where a commitment 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 credit is entered in the accounts and reversed the following year. Grants 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 attributable to specific activities. Irrecoverable VAT is charged to the activity for which it was incurred.

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e. Governance Costs. Governance costs are the costs of professional advice, holding trustee meetings or committee meetings associated with decision making, any fee for audit or independent examination and any fee incurred in the preparation, statutory filing, printing or copying of the annual report and accounts.

f. Capitalisation and Depreciation of Tangible Fixed Assets. All assets having a purchase value of more than £500 are capitalised. The cost of tangible fixed assets are written off by equal annual instalments over their expected useful lives using the following methods of depreciation: Furniture, fixtures and equipment = - Straight Line over a period of 2 — 10 years. Motor vehicles - Straight Line over a period of 2 ~ 10 years. . Assets with a life of more than one year but with a purchase value of below £500 are included within the inventory but the cost is written off in the year it is incurred and is not depreciated over the useful life of the asset. Where the asset is depreciated over a period of more than 10 years, details of the item and period are to be provided following the notes on page 14.

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• gh Fixed Asset Investments. Fixed asset investments are included at market value at the balance sheet date. Any gain or loss on revaluation is shown in the Statement of Financial Activities (SOFA). hh, Stocks. Purchased stocks are valued at the lower cost or net realisable value making due allowance for any obsolete or slow-moving items.

i. Funds Accounting. Funds held by the charity are:

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(1) » General Purpose/Unrestricted /Designated Funds. These are funds that can be used in accordance with the charitable objects at the discretion of the Managing Trustee. Designated funds are unrestricted funds which have been allocated/earmarked for a particular purpose by the Managing Trustee and are to be declared in the Managing Trustees comments in accordance with Para 12 to these notes stating what they are _ intended to be used for and when. (2) Endowment Funds. Endowment funds are those investments and other gifts accepted by the unit; the capital sum or property being held in perpetuity and the income | only being available for charitable use. ,

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(3) Restricted Funds. These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is to be included in the notes to the accounts. j. Heritage Assets. In the course of the unit's history, the charity may have acquired gifts, memorabilia, regalia, silverware, antiques and other historical artefacts in the course of « distinguished military service in service of the Crown. The value of these pieces is in large part derived from their close association 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 conservation, the pieces represent an essential element of celebrating the unit's history and foster esprit-de-corps. Consequently the Managing Trustee considers the charity to hold heritage assets both for functional use and as an element of national history on behalf of the nation. Heritage assets acquired prior to 1 Apr 06 are therefore not capitalised on the balance sheet but a description of those assets is disclosed as part of the notes to the accounts. Heritage assets acquired after 1 Apr 06 where the purchase price is known and which exceed £500.00 are included in the balance sheet at acquisition value but are not depreciated. .

k. Other Costs. Other costs are those costs not incurred in the undertakingof charitable activity in furtherance of the objects of the charity, i.e. the provision of facilities, recreational programmes or activities in furtherance of military efficiency. They are also costs incurred 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 charity, or in governance costs.

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1. Grants Made. (if total grants are over 5% of the charity’s total expenditure).

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The charity made the following grants/donations:
Grants to institutions
Name of institutions LO MAB2 PRI 1130109	Purpose		Total number of grants given	Total amount of grants paid £25,000.00
MAB1 PRI Donation			1		a		;
	Total grants to institutions			£30,000.00
Granis to individuals
Purpose ;	:		Total number of grants given	Total amount of grants paid	I	ye
LN
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3. RelatedPartyTransactions	&Remuneration	andExpenses

The charity made the following grants/donations:

Whilst the charity has a close working relationship with the Army, there are no transactions with the Army (7) which require disclosure under SORP 2005. The only transactions made by the charity in favour of the unit ~~ are wholly attributable to the charitable activities of furthering military 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 been paid to the trustee these are disclosed under the Managing Trustee’s comments.

4. Analysis of Capital Property

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Fixtures, Motor vehicles | Total
fittings &
equipment
£ +
£ £
Balance bif £23,813.81 £40,238.81 ;
Sales £0 £0 “
& W/Os £1,297.88 £1,924.00 £3,221.88 4
£3,000 £10,855.32__|/”
Balance c/f £14,661.61 £11,500.00 £26,161.61 ¢
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5. Total Value of Investments by Category

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Carrying value (market value) at beginning of year | £0 |
Add additions to investments at cost (investments purchased [£0 [|]
Less disposals at carrying value (investments sold rTorrt—“‘“‘;;Cd~—Sh
Add/(deduct)period/audit net gain/(loss) on revaluation (gain/loss at end of accounting 4
Carrying value (market value) at end of year | £0 ff
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Breakdown of Market Values at

||Year End|GPF/-
Unrestricted||Restricted|||Endowment | Total value|Endowment | Total value|during|year| |---|---|---|---|---|---|---|---|---|---| ||investments listed ona||.||||||| ||Investments held in unit trusts
orother collective investment|£0||£0||£0|£0|£0|| |_-
C||schemes
Investments in subsidiaryor
connected undertakings and|£0||£0||£0|£0|£0|| ||companies||||||||| ||Securities not listed on a|||||;|||| ||Cash held as part ofthe||||||||| ||Total||||||||| ||||||.|||||

6. List of Debtors

Date of Debt

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[Amount
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Total| CO

• There are no amounts falling due after more than one year (delete as appropriate). C ; . . oT, List of Creditors ; [CCreditor Date of Credit

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[Amount [|] [OU]
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Total{ CO

• There are no amounts falling due after more than one year (delete as appropriate).

8. Paid Employees

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j [Thisyear£
£274,415 | Lastyear££256,174 |
Employer's National Insurance paid £17,501 £15,374
Pension Contributions paid £4530 £4,635
Total staff costs £296,446 £276,183
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| Give the number of employees who were engaged in each of the following activities: Charitable activities a er a Ae [Otherte Total ' No individual employee received a salary of over £60,000.00 ~ 9. Governance Costs a

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• Audit or independent examination fee

• — Restricted/Endowment Funds SEE ATTACHED SOFA REPORT

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Give details of the movements of the individual funds summarised in the restricted and endowment column of the the Statements of Financial Activities (SOFA).

of the the Statements of Financial Activities (SOFA). , A brief explanation explanation as to the nature and purposeofof the charity’s Restricted Funds is to be provided. Name of Restricted of Restricted Restricted Fund Purpose of fund fund EN 11. -Heritage Assets. Heritage assets that are owned owned by the the charity but purchased/acquired prior to 1 Apr 06 06 are not included in the charity’s capital property value (see note 1,j). A list/description of these these assets is below: pe 12. Declarations ) . All of the the charity’s commitments are provided for in the accounts. : . No guarantees have been given to third parties. The charity has not received any loans loans that are outstanding at the the year-end and secured on assets. = The charity has not granted any loans to institutions or companies connected with the charity. The charity did not make make any ex-gratia payments during the year. Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with the restrictions imposed. . Thefinancial[activities,] assets and[liabilities] of[all] the[charity's] branches or sections have been included. The trustees have not changed the year end date or the length of the charity's financial year.

A brief explanation explanation as to the nature and purposeofof the charity’s Restricted Funds is to be provided. Name of Restricted of Restricted Restricted Fund Purpose of fund fund EN

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1. -Heritage Assets. Heritage assets that are owned owned by the the charity but purchased/acquired prior to 1 Apr 06 06 are not included in the charity’s capital property value (see note 1,j). A list/description of these these assets is below:

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All of the the charity’s commitments are provided for in the accounts.

The charity has not received any loans loans that are outstanding at the the year-end and secured on assets.

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The charity has not granted any loans to institutions or companies connected with the charity. The charity did not make make any ex-gratia payments during the year.

The charity has no designated funds (if 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 are continuing operations and there were no operations discontinued or acquired during the year. . No funds (unrestricted, designated, restricted or endowment) are in deficit at the balance sheet date. 6

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The charity has no intangible assets.

There were no inter-fund loans outstanding at the balance sheet date.

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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.

The charity has no material fixed assets which have not been capitalised and included in the balance sheet.

No internal transfers have occurred out of restricted/endowment 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 commenis. .

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:

• C 1. *I/MWe have stamped and signed the original books of account and the original records I/we have checked. All vouchers relating to this account period have been cancelled. ;

  • a. The worth of the fund has increased from £1,365,718 to £2,208,573. This is due to many factors.

  • b. The Net Profit for 2024/25 was £834,931.00 compared to £159,503 in the previous year.

  • c. The quarterly VAT Retums for all four periods have been submitted on time.

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• , d. Due(Registeredto a successfulCharity financial1130109)year,and £5,000the Palud-R-Innto MAB 1 wasPRI able to donate £25,000.00, to MAB2 PRI

• e. No debtors or creditors are outstanding.

f. The reason to remain on the current package was we would have lost all the original information on the current SAGE package when we transferred across to the new CC/1514 package. We were in the . process of paying for the sports pavilion build this would mean we would have lost all understanding on (. what bills had been paid and when and therefore all the VAT refund information similarly would have gone. To keep this tidy we chose to remain on the current SAGE package and brought in an accountant - to assist in producing the reports required by the RAO. For the FY 25/26, the fund will upgrade to the CC package. . ‘

Date 16/6 {LS

Signature Name Fund Manager (Regimental Accountant Scheme) / Account , Holder (Audit Board Scheme)

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Managing Trustee’s Annual Report and Comments:

Unit MAB2

Address: HQ Hereford Garrison, Stirling Lines, HEREFORD, HR4 7DD

Charity name and Charity Commission/Regulator registered number:

PALUD-R-INN , Reg: 1130125 :

Description of the charity's trusts

This should include:

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“a. Details, including date if known of the charity's governing document (e.g. trust deed, will, constitution etc); and

b. A brief explanation of the charity’s objects.

Where applicable, you may choose to give details of any specific investment powers of the charity.

Governing Document (e.g. Trust Deed, ©	Governing Document (e.g. Trust Deed, ©	Governing Document (e.g. Trust Deed, ©	Service Fund Regulations Constitution Dated 21 May 2019
Constitution)			Regimental Standing Orders
			Queens Regulations
Objects ofthe	Charity		The promotion ofefficiency oftheArmed Forces ofthecrown by the provision and
			support offacilities and activities for the efficiency and well-being ofservice
			personnel.
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Explain briefly	how	trustees are elected or appointed and		details ofany induction and trustee training
attended.	,		.	;

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Trustee	selection		On appointment ofthe Commanding Officers.
method
Trustee training	induction	and	Briefinggiven byIAandSFMastotheduties ofTrusteesasperSFRs, Constitution, RSOsandQRs.

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Explain about what the charity is trying to do and how it is going about it. You are only required to provide a brief summary of the main activities and achievements of the charity during the year in relation to its objects.

objects.
Summary ofmain
activities in relation to
the Charity’s objects
Summary ofmain		An unprecedented successful year in terms of profitability.
achievements ofthe
Charityduringtheyear

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Provide a brief review of the financial position of the charity. This should include the principal types of income.

Financial Review Income originates from trading profit in the café.

The Managing Trustee should give in their report a description of the following policies: . ,

a. For the selection of investments for the charity. b. For determining the level of income reserves held, stating and explaining the level of Cc.reservesWhereheld. grants| are made by the charity, the selection of individuals and institutions who are to receive grants out of the assets of the charity.

Financialreserves policy OOC—SSSC‘CSCS[NI

Investments selection Nil policy and performance of those investments.

( Provide the name of all trustees/the Managing Trustee(s) during the report year.

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Managing Trustee’s name/trustees’ names

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Public Benefit Statement | This fund provides public benefit by assisting service personnel to more effectively . perform their roles within the Armed Forces of the Crown. It does this by providing welfare support within the Garrison. This assistance enables service personnel to face the challenges and danger associated with military service by developing and . maintaining teamwork; character; spirit; attitude and morale. As a result, the fund promotes the efficiency of the Armed Forces of the Crown by enhancing the British ; ,

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• Army’s capabilities to undertake the roles demanded of it including the defence of the United Kingdom and its interests.

(I confirm that | have paid due regard to the Charity Commission of England and Wales’s guidance on public benefit when deciding what activities the charity should undertake. ;

*delete as appropriate.

** replace with wording appropriate to activities of fund e.g. ‘providing and supporting mess facilities and social activities’; or ‘ providing and supporting sporting and adventure training activities.’

Additional comments (include any declarations which were not correct.

1. Audit Period. The audit period for MAB2 was held between 1 Apr 24 to 31 Mar 25.

2. Management. The Internal Auditor and Senior Fund Manager have continued to provide sound advice and guidance to the Fund Manager and Palud-R-Inn Manager during this audit period and direction given by the Regimental Accountant and IA has been followed.

3. Duties. The account is being run on the Sage Platform and we are aware of the need to carry out the respective duties diligently and in accordance with SFRs. ~

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1. Trading. The total percentage profit was 37.8%,

2. Property. The property has been sufficiently maintained throughout the audit period.

3. Conclusion. | congratulate the respective Fund Manager and Palud-R-Inn Manager who have continued to deliver during this audit period.

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Date: \S £ | Us .
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Signature
Name
Appointment Commanding Officer
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c
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Internal Auditor’s/Audit Board Report

1. *IANe 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 “my/our internal audit.

2. *IlMe certify that end of period checks have been conducted in accordance with Service Funds : Regulations.

3. Subject to the observations given below | am/we-are 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 state of the Fund’s affairs as at the date of the balance sheet. Subject also to my/our observations 1 am/we are satisfied that cash and bank balances and stocks on hand have been properly checked at prescribed intervals and that adequate insurance exists. 4. lWe have stamped and signed the original books of account and the original records I/we have checked. All vouchers relating to this account period have been cancelled.

   1. *\/We have made the following observations whilst carrying out the internal audit:

4. C“ a.b.. AllPreviousproperty observationshas been *have/Rave-netdepreciated in line beenwith actioned.SFRs. The insurance levels have been scaled against the value of current Capital Property.

    - c. The total percentage profit was 37.8% ;
   
    - d. The worth of fund is £1,084,400.08.
   
    - e. Fund Manager training has been conducted in accordance with SFR’s.
   

5. f. | have read and agree with the Fund managers comments.

6. Lo g. There is no evidence to suggest that the financial year 2025/26 will be anything but another successful financial year. .

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• h. The account remains on the SAGE accounting platform.

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• i. Given the age and state of the Mondeo, there was no scrap value.

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Date: 13 b 2X
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Signature
Name
Appointment RAO
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Comd/SO2 SPS — independent Examiner’s Report on the Accounts, and Comments

Respective Responsibilities of Trustees and Examiner

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The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.

It is my responsibility to:

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a. Examine the accounts (under section 43(3)(a) of the Act).

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b. Follow the procedures laid down in the General Directions given by the Charity . Commissioners (under section 43(7)(b) of the Act).

Cc. State whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charityanda comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the accounts.

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independent Examiner’s Statement

In connection with my examination, no matter has come to my attention (other than that disclosed overleaf"): -

a. Which gives me reasonable cause to believe that in any material respect the requirements:

• (1) To keep accounting records in accordance with section 41 of the 1993 Act:

“ (2) To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act:

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have not been met.

b. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

• Delete as applicable.

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Comd/SO2 SPS — Independent Examiner’s Report on the Accounts, and Comments

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Disclosure Section (Only to be completed if the examiner needs to highlight material problems/discrepancies)

Give here brief details of any items that the examiner wishes to disclose

Comd/SO2 SPS Comments

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Independent Examiner's Signature

Date:

‘Name sO Appointment SOQ2 AGC (SPS)

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		a Activities’as at 31-Mar-25 ;
			Unrestricted/ Resiricted General Purpose/ Funds Designated Funds		Endowment	Funds			Total Funds	Previous Period Total Funds
			Activities forGenerating Funds	ca ia 2,208,573.00					as A 2,208.573.00)		Z Zé —1.365.748.00
		a	A
		Income Resources from								0,00
		i	f £0.				[OEY			7 70.00		.
		Total IncomingResources	2,208.573.00	0.00, += 0.00]					2,208.873.00		/	1,365,718.00
		InvestmentManagementCosis CostsofGenerating Funds	a. / . 1,373,642.00	0.00 of	co 00			a a 1,373°642.00		59.00), Z ; 1,205,458
		GovernanceCosts	é . /. 530.00					« ‘ Z pe0.09		fo A 546
		TotalResourcesExpended	7 4,374,472.00°	0.00			0.00	va 1,374,172.	-	f #,206{033,00
		. . NetIncoming/Outgoing Resources BeforeTransfers	f 834,941.00 P			:	0.00	o 334/931.00 id		: f 459,685.90 ¢
;		Gross transfers betweenfunds (internal transfers NetIncoming Resources bef hag fees berore Holding Gains and Losses	~ ra fo 834,931.00)" fo 2	0.00 0,00				834,931.00		0.00 Z va 159,885.90 €
		Gains on revaluation ofthe Charity's fixed assets Unrealised Gains on investments UnrealisedLosses oninvestments NetMovementinFunds(A) Totalfunds brought forwardfrom previous year(B) . Totalfundscarriedforward(A-B}	NIA NIA . 4 'NIA ra° N/A fo 834,934.0ar fo 0.00 459°685.00 ww : a" 675,246.00ee					. — 0.00 00 . LY 0.0% fo Pa 834,931.00 459,685.90 2 Aon50 8, we wa 1,073,225.5,				7
		. (elated	‘ Ly -UAhe \SO(2S			2.	pa (og PFE
			,					Le

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Ra | 18 MAY 29257 | fy “ |

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18 MAYMAY
fy|18 MAYMAY29257
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||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||Palud-R-Inn||||vA|||| ||||||||Balance Sheet||Report||/|||| ||.||||||To: 31|March, 2025||vA||||| |ASSETS
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FixedAssets||||||||Poof
J.
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Lf||||.||| |0010 -Property -Cost||||||||f||:|102,233.50”|||| |0030 - Office equipment and
.||IT - Cost|||||A
f|||||2,619.3||| |._.040 - Fixturesand fittings -Cost|||||||/
f|||||74,011.47||| |0050 -MotorVehicles|-Cost||||||f|||||19,405.56"||| |||||||f.|||||Total FixedAssets||£198,269.88|| |CurrentAssets|||||f|||||||||| |1000 -Stock -RawMaterials|||||/|||||||3,684.97-7||| |1200 -BankAccount|||||/
/||||||895,880.90"|||| |1210 - FLOAT||||/||||||||550.00”||/| ||||/|||||||TotalCurrentAssets|||£900,115.87|| |||/|||||||||TOTALASSETS||/ 94,098,385.75||P| |LIABILITIES|/|||||||||||||| |Current Liabilities /||||||||||||||| |2210 - PAYE to pay toHMRC||||||||||||13,121.63||| |2220 -NIC topaytoHMRC||||||||||||13,570.60||| |f
2260 -Pensiof
/||||||.||||||Pa
4,978,247|.|| |VAT
/||||||||||||~14,684.80«~||| |/||||||||||||,||| |22004VATon Sales|||||||||||-|15,991.09||| |,
2201 -VATonPurchases
f|||;|||||||||9,944.23 ~||| |poe.VATLiability||||||||||||-20,731.66 ~||| |,||||||||||||||| |/
L|||||||01 Apr2025 08:50||||||Page1of2||

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Total Current Liabilities £1 3,985.67 _~
Future Liabilities vA
/total Future Liabilities £0.00
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TOTAL LIABILITIES £13,985.67 < (G
f~
/ TOTAL NET ASSETS £1,084,400.08 /
EQUITY /
Net Profit / Loss / 1,084,400.08
. Net Profit
/ Loss (prior year(s) / 249,469.05,
, /
as TOTAL EQUITY /€A 084,400.08
: (NBS
/ 1c
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01 Apr 2025 08:50

Page 2 of 2

Palud-R-Inn

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Balance Sheet

As at 31 March 2025

|[pumber
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0010
0030
0040
0050|[pumber
.
0010
0030
0040
0050||Assets
FixedAssets
Fixed Assets
Property-Cost
Officeequipmentand IT-Cost
Fixturesandfittings-Cost
MotorVehicles - Cost|Assets
FixedAssets
Fixed Assets
Property-Cost
Officeequipmentand IT-Cost
Fixturesandfittings-Cost
MotorVehicles - Cost||ao.
498,269.88
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102,288.597
2,819.3:
74.0t1.a77
49,405.56|$6,237.37
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:
36,831.81
19,405.56||.
442,032.51
402,233.50
2,619.35
37,179.66
.||||||.|.|||.|:|.||.|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||Noncurrent Assets|||-|-||-|||||||||||||.||| ||||intangible Assets
Total Fixed Assets|||-
498,269.88|-
56,237.37||-
142,032.54|||||||||||||||| ||||CurrentAssets
CurrentAssets|||3,684.97"|3,684.97||-|||||.||||||||||| |1000
1200
4210
2200
2201
2202
2210
2220
2260|||Stock-RawMaterials
Bank
BankAccount
FLOAT
Total GurrentAssets
TotalAssets
Liabilities
Current Liabilities
CurrentLiabilities
VATonSales
VATonPurchases
VAT Liability
PAYE topaytoHMRC
NICtopaytoHMRC
Pension
BankOverdraft
OtherCurrentLiabilities
TotalCurrent Liabilities
Future Liabiities
LongTermLiabilities
Total Future Liabilities
Total Liabilities
Total NetAssets|;|:|3,684.97
896,430.99"
895,880.90
s80.00/7
900,415.28
4,098,385.75wo
13,985.67”.
15,991.09//
(9,944.23)if
(20,73466)/
13,121.63/
13,570.60"
1,978,247
-
-f
13,985.67"
-
:
.
43,988.67.
4osa.400.0e"|3,684.97
222,593.14
222,043.14
550.00
226,278,11
282,515.48
33,046.43
42,814.23
(9,290.18)
8,354.87
9,619.60
40,664.39
883.52
-
-
33,046/43
.
-
a
93,048.43
249,469.05||-
673,837.76
673,837.76
-
673,837.76
815,870.27
(19,060.76)
3,176.86
(654.05)
{29,086.53}
3,502.03
2,906.21
1,094.72
-
-
(19,060.76)
-
-
(19,080.76)
$34,934.03|:|:
LO|a|.
“a
ee|ae
we
.||we|a
;|a
wen||||||:| ||||Equity
Equity
ProfitAndLoss -PriorYears
ProfitAndLoss-CurrentYear
TotalEquity|||4,084,400.08”
249,469.08"
834,931.03,.—~
4,084,400.08/|249,469.05
89,784.35
159,684.70
249,469.05-|°|834,931.03
Lo
159,684.70
875,246.33ra
834,934.0|||||||||||||||| ||||||2 ah||||||||é
feo|||||||||||| |||||||la||||||f||&||||||||||| ||||||||||||fo|||TAGhe|||f|||||||| ||||||||||||||||||A||||||||

Page 41 of 4

Run Date : 4/1/2025 7:53 AM

.

.

|

Palud-R-Inn

Profit and Loss .

|

For Period Ending 31 March 2025

						Y	1 Apr 24-31
						;/	Mar 25
4900			Sales OtherIncome Otherincome			- / / 134,629 134,629	- y / 2,208,574J 2,208,574
			TotalSales		f Slyearnae			2,208,574(0)
			Direct Expenses		- /	/ 71,824	1,061,358 >)
50F 507u			CostofSales - Goods Packaging Materials		/ /	71,690 -	1,058,230 356
5100			Carriage on Purchases		/	134	2,772
. 670100 7000 7020 7030 7060 7120 7130 7210 7300 737 7330 7400 7420 7430 7500 7510 7520 5 7600 7610 7620 7630 7640 7800 8200 8210 8220	©	—-	Gross Profit(Loss) of Gross Profit(Loss)% / Overheads / Square Fees / EmployeeWages and Salarieg Employers NI / Employer's Pension / Statutory Sick Pay / General Rates / Premises Insurance =/ ; Gas & Oil / Vehicle Fuel / Vehicle Licences. / Vehicle Insurance / . Travelling HotelandAccomodation Entertainment / Printing / Postage and Carriage OfficeStationery : Computer&Software Legal Fees / Accountan¢yFees corey&Professional Fees Business-Insurance Equipment Hire RepairsandRenewals General Expenses Subscriptions ClothingCosts			62,805 46.65% 31,508 - 25,101 2,167 319 654 - - - 119 40 114 - - - 32 9 - - 141 81 - - 900 1,592 - 36	«947,216 CD 51.94% 312,289fo 4417. 274,415“ 17,501" 45307" 14,2157 2754 530	“ 178 1,134“ 417 770 163 1387, 62 367" 51V 327, 112 176” 955 16% . 45° 600. 3,847 1,92% 99” . 44x	’

Run Date : 4/1/2025 7:47 AM

Page 1 of 2

Palud-R-Inn

.

Profit and Loss

For Period Ending 31 March 2025

----- Start of picture text -----
,
Account number|Account description 1-31 Mar 25
1 Apr 24 - 31
MAr 25 a
8230 Training Costs 203 y 305
Other Expenses - / -
Taxation . o / - L
ce Total Overheads _ EUS ooo 8 31,908 fo ie(312,289
: f Yo
f Net Profit (Loss) _ aera ey 31,207/ _ p BaaoeT: Zo
. Net Profit (Loss) % na 37.80%LO
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;
.
----- End of picture text -----

----- Start of picture text -----
.
----- End of picture text -----

Page 2 of 2

Run Date : 4/1/2025 7:47 AM

.

Palud-R Inn Club Hereford Garrison Credenhill Hereford HR4 7DD Tel [phone] Ext 2655 Email: [e-mail]

----- Start of picture text -----
-
. ;/
Profit for 2024/2025 Palud-R-Inn /
/
Inc Pavilion Ex Pavilion /
; [/] /
|
inc £ 2,208,573.00 “ £ 1,580,563.00 /
Mid vo / /é
. Total costs £ 1,373,642.00 ~/ £1,219,310.96 /
. Eov / /
Profit £ 834,931.00 £ 361,252.04
use / a,
Stock £ 142,64949/ £ 142,649.49
CosSED /
Profit inc stock £ 97758049 . £ 503,901.53
% no stock . 37.80% ra 22.86%f
a /
% inc stock 44.26% / / 31.88%
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.
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i7FacilitiesPalud-R-Inn Manager // |pcnnnnstaeintanaiinamnens(EXO |
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----- End of picture text -----

.

:[Palud-][R-][Inn][Club,][Hereford][Garrison][Credenhili,][Hereford,][HR4][ 7DD][Tel][ 01912895390][Ext][2655][Email:][-pally.][[e-mail]]