RegAslered Charity Number: 1055187 Registered Company Number: 03080066 (England and Waley) ACE OF CLUBS (CLAPHAM) (A company limited by guarantee) REPORT OF THE TRLSTEES & DIRECTORS and UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Mahesan & Co Suiie 5 6 Great Orrnond Street London WCIN 3RB
Ace of Clubs {Clapham) Contents Page Reference and adminstrative details of the charity, its Trustees and advisers Letter from the Chair of the Management Committee and Director Report of the Trustees 3-12 Report of the Independent Examiner 13 Statement of Financial Activities and Incorne & Expenditure Account 14 Balance Sheet 15 Notes to the Financial Statements 16-20 The following page does not form part of the financial statements Detailed Statement of Financial Activities 21 Appendix 22-23
Ace of Clubs (Clapham) Reference and admlnstrative details of the charity, its Trustees and advisers for the year ended 31 July 2024 Trustees and Directors: The Trustees give their time voluntarily and without remuneration. They are members and also the Trustees of the Congregation of the Most Holy Redeemer and were, for the time under review.. Rev T. Buckley C.Ss.R. Rev A. Burns C.Ss.R. Rev E. Gweme C.Ss.R. Rev D. McBride C.Ss.R Rev R. Reid C.Ss.R. Company Secretary: Br D. Nyamuronda C.Ss.R Members of Trustees Committee: Rev M. O'mahony C.Ss.R. Mr D. Joshi Mrs V.A. Long Rev D. McBride C.Ss.R Mr F. Ortega resigned 31 October 2023 Rev C. Simba Mukabva C.Ss.R. Mr N. Taylor appointed 31 October 2023 Treasurer Dirertor: Ms Heidi Shrimpton appointed 29 August 2024 Re8lStered office: Ace of Clubs St Alphonsus Road Clapham London SW4 7AS Independent Examiner: Mahesan & Co Solicitor5: Pothecary Wilham Weld 70 St George's Square London SWIV 3RD Bankers: HSBC Bank plc 54 High Street Epsom Surrey KT19 8DS Charity registered number: 1055187 Company re8i5tered number: 3080066 (England and Wales) Webslte www.aceofclubs.or .uk
REFLEcnoNS ON ThE 2023- 2024 YEAR AND THE YEAR AHEAD LETfER FROM OUR CHAIR OF THE MANAGEMENT COMMITfEE AND OUR tMRECTCh As we reflect on 2023-24 and look ahead to 2024-25, we are preparing to celebrate a significant milestone- our 30th Anniversary year. This is both a triumph and a sobering reminder of the ongoing need for our charity's work three decades on. Since opening in 1995. Ace of Clubs has continuously adapted to meet evolving and complex needs. The demand for our daily service remains as high as ever, with 37.595 meals served to our guests this year, {34,860 the previous yearl. We remain confident in the holistic model we have developed at Ace of Clubs, reflecting years of experience and dedication. While the journey hasn't always been easy, our commitment to serving those who are homeless, precariously housed, or othenwise vulnerable has never wavered. Every day. we see the positive impact of our work as our guests take steps to improve their lives. Keeping our guests at the heart of our development and strategy remains a priority. exemplified by the growth of our Service Involvement Group and the many guests who actively volunteer at our centre. Transparency and accountability are core to our work and we exercise standardised processes with our data capture. We aim to continue to enhance our impact reporting mechanisms as these tools help us evaluate and adapt our Services while enabling us to make a strong case for support to new funders and audiences. Our partnerships with service delivery providers in the areas of welfare. housing. health and wellbeing and education are also central to the quality and breadth of support we offer. We take pride in the strong relationships we've built with on-site partners. enabling us to provide a seamless, one-stop experience for our guests. We aim to continue to address needs holistically and as we look forward, we are committed to further expanding these partnerships. Operationally, we continue to adapt to evolving standards in health and safety, safeguarding. HR, policies, and training to ensure a smooth-running service. Ensuring our staff, volunteers. and on-site partners have the resources. training, and support they need to deliver our service remains a top priority, as does maintaining the structure and functionality of our building so it is fit for purpose. Funding remains a critical focus to sustain our daily operations. Staff capacity has been challenged as our service has grown. We are deeply grateful to our staff team. who went above and beyond, and to our volunteers not only those delivering daily services, but also those working behind the scenes on strategy. funding. communications, and finances. We also extend heartfelt thanks to our funders, individual donors. community supporters. corporate partners, and those organisations and individuals who contributed food and in-kind gifts. This collective generosity has positioned us to move into 2025 in a strong and sustainable place. Our new Director startin8 shortly after this year end, alleviates some of the significant leadership and management pressures on our volunteer Trustees, Management Committee, particularly our Chair and Treasurer. We remain a small but mighty team. delivering an extraordinary scale of work for a charity of our size. As we approach our 30th Anniversary year, we are filled with gratitude for everyone who makes this possible. We look fopward to continuing this journey together and for this important milestone in 2025. With Warm Regards Anna Long. Chair of the Trustees. Management Committee & Treasurer Heidi Shrimpton, Dirertor (started August 29 2024)
Report of the Trustees and Directors for the year ended 31 July 2024 The Trustees. who are also directors of the charity for the purpose of the Companies Act 2(X)6, present their annual report with the unaudited financial statements of the charity for the year ended 31 July 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note I to the financial statements and comply with current statutory requirements of the Charity's Trust Deed, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" OUR HISTORY Ace of Clubs opening in 1995 can be seen as a positive gesture in line with Redemptorist tradition to alleviate local suffering, poverty and loneliness- and provide them the best club, the 'Ace of Clubs,. The charity initially started as a place of warmth and food to grant people refuge in our building - what was previously St Mary's Primary School, initially a bo(s school- who had moved out of St Alphonsus road premises. When you enter our premises, this is very apparent with our large dining hall. high ceilings and adjacent classrooms, now adapted for our charity operations. Today, Ace of Clubs has grown to be a multi-faceted, holistic project where every aspect of each person's needs is given due attention, respect and care- with a range of opportunities from healthcare, education, accommodation, advice and advocacy. th 'When we opened the Ace of Clubs on the 15 May 1995 our hope was that it would meet the needs of those poorest and most vulneroble in our society. It is o realjoy to see the club nowflourishing ond serving 50 many deserving men and women., Fr Jim McManu5 CSSR- Founder OUR PRINapAL OBJECTIVES The principal objectives of the charity are to promote and provide for the relief of poverty, the advancement of education and undertake other charitable work through the provision of an open- access day-centre for the homeless, vulnerable, dispossessed and most vulnerable in society. The aim is to not only address immediate human needs {e.g. hunger) but also to go above and beyond such needs by making a difference to guests, lives through transformative support {e.g. physical and mental health, welfare, wellbeing. training and education). PUBUC BENEFIT Further to the objectives set out atx)ve, the Trustees have considered the general guidance published by the Charity Commission relating to public benefit when reviewing the charities activities, and in particular. the guidance on the prevention or relief of povertv. Our Strapline today is: 'Safe Off the Street, Help onto your feet, Support for homeless and vulnerable people.
OUR VISION We welcome all homeless adults. vulnerable, disposed and marginalised and do not discriminate on the basis of age, race, colour, religion, national origin, gender, sexual orientation, marital status or disability. We provide an essential lifeline of non-judgemental, transformative support to address urgent and complex issues, impounded by street homelessness and precarious living conditions, to help change and transform lives. We provide an accessible, safe space to relax, where all those who walk through our doors can feel respected and a sense of belonging in a trusted environment. OUR ACTivmES Alongside being homeless or living in precarious living conditions. our guests can face a range of complex and challenging issues from hunger. malnutrition, loneliness and isolation, housing, mental and physical health, addiction, learning, language and digital inclusion barriers, debt and unemployment, family breakdown and bereavement. Our service is not only about the direct help that we provide. but the sense of community and friendship that is created when people sit and enjoy food together in a warm space. whilst having the opportunity to access more services. We pride ourselves on our partnership working which enables us to expand our services even more by inviting external professionals to our centre to deliver their services within our space. This holistic and complete 'one stop, package of sen4ices provided at Ace of Clubs ensures that people can find their needs met in one place. Our supportive programme enables their progression to the next stage of their lives as they regularly return. building their confidence and self-esteem on each visit and en8agin8 more with the support SenlCeS on offer, supporting recovery and independence. We have continued to sernie those in the community who are experiencing homelessness, including those who are sleeping rough. or are living in temporary or insecure housing.
Guests come from Clapham and neighbouring boroughs within London. However, we have witnessed guests travelling from acro55 London for the comfort of Ace of Clubs. We are an open-access service, open Monday to Friday {including bank holidays and Christmas Day), 5 days a week, all throughout the year. Our core food serving times are between 12- 2.30 each day, but some other services run outside of these times. Guests can choose to eat their food in or have a take-away, depending on what best suits their needs. A standard day usually varies from 130-200 clients. Our guests are asked to pay £1 for their meal. which helps support the cost of providing the food. We also provide funded meal tickets for guests that are unable to pay. Guests with No Recourse to Public Funds are not required to pay. Our core delivery services include: A daily nutritious hot meal prepared by our Chef with a vegan and meat option, catering for different dietary requirements. Tea and coffee bar and refreshments, ensuring people stay hydrated and can warm up. A food bank service which includes fresh produce- all freshly donated by local food donors. Hot Showers, Laundry Service, clothing donations. toiletries and other emergency supplies- to enable people to freshen up and get warm again. Essential daily communication needs when homeless such as postal service. phone charging, phone use, transport vouchers- these can be a lifeline for GP or hospital appointments, job interviews and appointments with the Job Centre. Support/Case Workers on site for daily support needs, welfare assistance, translation, ID and bank opening, finance, end of life care etc. Referral to housing, benefits, debt. pension credit, passports, immigration etc. (from onsite Case Workers}, enabling people to progress to the next stage. Referral to food banks to support people experiencing hunger and malnutrition. Referral to local night shelters during the winter months to support people off the streets. Onsite IT suite for IT use. Mental health, Addiction, Physical Health support (from NHS nurse and mental health services) enabling people to address their health and wellbeing for positive progression. Other essential health services including dental, eye care, podiatry and health and wellbeing days for health checks, vaccinations etc. OUR IMPAcr We collated our Fmpact in the following ways: Daily monitoring and recording of the number of guests having a hot meal {our numbers do not include seconds that many of our guests come back for). We carried out two Service Involvement Surveys to record feedback on our services from our guests. We conduct Service Involvement Group meetings and this group also helps support the shaping and development of our services. Logging dedicated Case Work support in the areas of Housing. Finance. Transport. Physical Health. Mental Health and referrals on to our Charity Log System.
Estimating each week, the number of 'inten4entions' our Support Workers carry out from helping charge a phone to obtaining a meal ticket. Collating data from the partners who are also working on our site to support our guests these partners include other homelessness charities, NHS, rnental health and physical health tearns. We hold regular Service Provider Partnership meetin85 50 we can share best practice and encourage feedback around our services and support requirements. Collect focussed Case Studies from our clients to understand better their journeys from homelessness to gaining rnore independence. We have also invited pro bono external partners in to InterleW our clients and provide case studies and films about our work. Track our numbers of volunteers and their overall hours according to our daily volunteer schedule. Work closely with our food partners and donors to ensure we have regular food donations and other donation5 to Supply our daily provisions and track these. IMPACT AND THE DIFFERENCE MADE Impart- Our Meal Servtce All hot meals are prepared from scratch, using fresh ingredients, on a daily basis. We rely on donations from local supermarkets and food busine55es. City Harvest, Fare Share, The Felix Project, Critical Support, KFC, Nandos, individuals and local churches and schools, particularly at Harvest Festival time. A full list of our food partners {see appendix l). Accordingly, records have been kept on a daily basis (from a physical countl of the number of guests accessing our hot food takeaway service. Note. the statistics below do not include the extra meals given to our guests at the end of the lunchtime service from food that is 'left overf. This has satisfied demonstrable needs- particularly financial hardship and hunger. We served 37,595 meals (previous year was 34.860). Our highest number of clients entering on one day was 204 clients. Impact- Daily Interventions from our SupF)Ort Workers We have calculated around 10,CMJO interventions a year (around 40 a dayl- be that topping up a phone, helping someone find clothing, with a travel ticket or food voucher, shower or much more. On average, we calculate that at least 30 people per week access shower5. 30 people per week access clothing, 30 people per week access laundry. 30 people per week access the IT suite and ICtJ people per week access shower gel. hygiene products, razors. toothbrushes and toothpaste etc.
Impact- Onsite Support to clients Support Worker sessions are more dedicated one to one support with a client in areas such as housing, finance and benefits, transport, physical health, mental health, referrals. Detailed sessions are logged. Our Ace of Clubs Case/Support Workers provide 61x1 dedicated one to ones with clients a year. Many of these are ongoing issues with particular clients. Around 150 clients were seen through these sessions. Impart- Our partners on site also provide the following support: Glass (loor provide dedicated Case Worker sessions each day at our Ace of Clubs site and saw 989 guests for case work sessions with 344 outcomes in these areas with the highest outcome being in housing. Our onsite NHS nurses visited twice a week and supported around 360 guests in 12-months (please note the 12 month period was not exactly within this annual reporting yearl Onsite mental health teams supported guests at least twice a week. Other onsite providers such as dental. eye, podiatry, employability - supported our guests on around a monthly basis or in some cases more regularly. All these services collaborated with our staff team to share positive outcomes and progression. Impact- Guest Feedback We carried out two guest seniice surveys which helps inform our operational development. An average of 43 guests were interviewed for each sun4ey: Over 94% of our guests would recommend our services and rate our team as good or excellent. 92% of our guests rated the quality of our food as good or excellent. Note: 36% of these guests from both surveys stated that they had a recognised disability. Impact - Volunteering Our volunteers support in a range of ways from helping with preparing vegetables and food, our front desk. serving food and refreshments, lunch service, maintaining our food stall, co-ordinating our clothing and shower services. 105 corporate partnership days 73 individual volunteers {20 of those were guest volunteers) 14 volunteers supported from Probation Services carrying out community service Our volunteers donate over 15.660 volunteer hours a year. The monetary value of our volunteers per year is over £203,580 (based on 15,660 volunteers a year at £13 an hour).
OUR PEOPLE Our Guests GUEST P P came to the Ace of Clubs firstly as a grab and go food situation as his long-term career in the music industry came to a decline and he battled with addiction. In time, Ace became a safe place for him, attending more regularly and volunteering too- helping others who needed help. P said: "If l ever needed help• Ace Is thefir5t place ond probobly the only place I would go"_ Guest P GUEST G- A 64-year old male. He Said: a well-mannered, gentle man in his early 60's, had been sleeping out for 8 months, but often a year plus at a time - this had been a cycle for G for almost 20 years. He had small periods of respite, but overall, he was out on the streets, sleeping in the park. G had managed to survive yet another winter on the streets of London. G first found out about Ace through word of mouth. G's intention was just to come for food. a hot drink and a space to be inside for a few hours in the day. Yhe amount of help ovoiloble was unexperted but o relief. that mossively boosted my selA- esteem. I have had NHS health ossistonce. and support with employment, case-work, hot meals, eat in & toke-awoy- genemus portionsl It is the best organisation I have ever encountered that is there to help people regardle of their position. l am 0 60+ mole homeless due to nofvutt of my own. Ace of Clubs soved me". Ace of Clubs Support/Case Worker personally visited another charity to ask them to take G in for the winter and they kindly offered him a shared room. Once G had a safe space. he could engage with the support available and has now started regularly volunteering at Ace of Clubs. Things have finally started looking up, G has a room to call home and volunteers at Ace, he is a very well respected, reliable and trustworthy member of the volunteer team. He is a pleasure to work with. Our Trustees and Trustees. Volunteer Management Committee The Trustees and Management Committee bring a range of professional experiences to their volunteer governance roles. Please see more about this group under our Constitution and Governance section. Our Staff Team Our new Director joined the charity in August 2024 (shortly after the end of the Annual Reporting yearl. The staff team consisted of a Centre Manager. Senior Support/Case Worker, Support/Case Worker, Chef and Driver (who collects donations). In addition, we hire an independent qualified Security Guard to cover our lunchtime shifts who manages the entry door to our centre and is available to Support the staff team during our busy lunchtime period. Our charity is an accredited London Living Wage Employer ensuring all our staff receive London Living Wage.
Our Volunteer Team Each day we have at least six to ten volunteers on site supporting the day to day functions and running of our centre. Roles include food preparation and serving, cleaning, distributing food and clothing, co-ordinating shower visits, signposting. maintenance. advocacy, fundraising and community sUPPOrt and much more! We have volunteers from our local community, our guest volunteers who are looking to gain experience and give back to the centre and also community service volunteers provided by probation services. Alongside this, corporate partnership teams regularly volunteer, further bolstering our volunteer support. We pride ourselves on the diversity and inclusivity of our volunteer team who are able to adapt well to the needs of our guests. Our volunteers go through a thorough ont)oarding process and are provided with a Handbook, regular risk assessment, health and Safety and safeguarding briefings, support and training provision to ensure they are fully inducted into their role. FINANCIAL REVIEW The full details of the financial activities of the Charity are shown on the following pages of the Report and Accounts. There was a surplus for the year of £24,554 on unrestricted funds (2023 deficit: £28,394). Donations and grants were received from a combination of charitable trusts and other charities, individuals, businesses, churches, schools and events. Details are given in Note 2 of the Accounts. No statutory or government funding is received by the charity. The Trustees are grateful to everyone who has supported the Charity during this financial year, both large and small. which enables the charity to carry out its valuable work and will continue to explore new funding avenues. The priority continues to be to develop further long-term funding relationships that satisfy core running costs but also build on and diversify our current funding Ih network. We a150 see our 30 Anniversary year as an opportunity to reach new audiences in our local community in addition to thanking our existing supporters and volunteers. The meal ticket scheme operated by the Ace of Clubs facilitates the giving of sUPPOrt to vulnerable and homeless people on the street. but also provides a valuable option for members of the general public to support those less fortunate in society by providing access to a hot meal. RESERVES POUCY The Trustees keep the level of Reserves under review, by employing regularly updated forecasts and projections of the known pattern of income and the proposed level of outgoings for at le35t twelve months ahead. An unrestricted reserves policy based on six months forward running costs has been used as a prime indicator. The total funds held as at the yearend were £265.147 (2023 £246,869), of which £25,24412023 E49,1531 was restricted funds and £41.957 {2023 £62,378) designated fund to cover the future depreciation of fixed assets, and £91.80212023 £53,738) Buildings Improvement Fund. leaving £106,144 {2023 £81,600) unrestricted reserves. The combined unrestricted re5er4es plus the building improvement fund, totalling £198,OCX) represents 6 months of Reserves in line with our Resepdes policy.
RISK MANAGEMENT The Trustees Committee reviewed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied appropriate controls are in place to mitigate its exposure. Risk management is taken to meetings, particularly around health and safety, safeguarding and incidences, funding and financial updates and forecasts. The charity carried out a full Health and Safety Risk assessment with the support of external experts. This ensured all areas of the charity operations were reviewed in terms of risk- with recommendation5 around policies and procedures. A Planned Preventative Maintenance buildings suniey was also carried out from a property company. In addition, a yearly Fire Safety Assessment from London City Fire Group. Service checks of our utilities and premises are regularly scheduled according to recommended health and safety guidelines. Our charity continues to hold a 5-star food hygiene rating from the Food Standards Agency. FUTURE PLANS The Trustees are committed to developing our strategic plans for the future growth of the Ace of Clubs while maintaining the core services that remain in high demand among our guests. Our staff team have been stretched over this reporting year due to increased service delivery demand, but we were fortunate to have volunteers supporting behind the scenes, particularly with fundraising. As a result, we are starting the year in a financially stable position and are investing in our overall governance and leadership by appointing a Director. This position will provide valuable support to our Trustees and volunteer Management Committee, enabling our charity to develop our strategic planning in the years ahead for our operations and fundraising, which our Trustees are committed to. Our building has served us well for nearly 30 years, but along with the Redemptorists at St Mary's Church who lease the building to us, we recognise the need for further planning for the next three decades. We have further invested in our designated building improvement fund this year through a generous corporate donor who is committed to our building's management and carried out an audit on our building maintenance. Whilst we have already taken steps such as installing new fire doors, this strong financial foundation allows us to continue investing in our centre's infrastructure. OUR CONSTITUTION AND GOVERNANCE The organisation is a charitable Company limited by guarantee, incorporated on 14 July 1995 and registered as a Charity on 8 May 1996. The Company was established under a Memorandum of Association which established the objects and powers of the Charitable Company and is governed under its Articles of Association. In the event of the Company being wound up members are required to contribute an amount not exceeding £1 In March 2012 the Trustees amended the Charity's Articles of Association to allow the formation of a Trustees, Committee. They have delegated day to day management of the Charity to this Committee. This consists of three Redemptorists and up to fwe non- Redemptorists from the local community. There is a tri-partite management structure in place, consisting of: The Trustees io
The Trustees. Management Committee Director and Centre Management staff team The Trustees are responsible for the strategic direction and policy making of the charity, and have through the committee regulations, delegated all matters relating to the day-to-day management and operation of the charity to the Trustees. Management Committee. The Trustees, Management Committee meets at least six times a year for formal meetings. Information provided by the Director and senior staff at the charity around daily operations is reviewed and approved from a governance perspective. Key information is then taken to our Board of Trustees for further approval. The day-to-day responsibility for the provision of services by the charity is the responsibility of the Director, assisted by the Centre Manager and other paid staff, with the assistance of volunteers. RECRUITMENT AND APPOINTMENT OF NEW TRusfEES AND OUR MANAGEMENT COMMITfEE The Trustees are elected by the members of the Congregation of the Most Holy Redeemer for a period of four years, With the possibility of re-election at the end of each four-year period. In all matters relating to finance and civil law the Trustees are aware of the importance of seeking appropriate professional advice. The Trustees and Management Committee collectively bring a range of specialist skills to their roles. The Trustees are all members of the Redemptorist Order, providing a wealth of experience - but they also have additional areas of specialism including- Chair experience with other charities, Human Resources and Charity Management, Company Secretary, Safeguarding, International Experience, Communications and Publications. The Management Committee also have professional backgrounds and bring a wealth of expertise including: Our Chair and Treasurer is a Chartered Accountant and has volunteering experience at a number of homelessness charities. We also have a Rector, a Lawyer, a Pharmacist and Lecturer on our committee. Overall, our committee brings experience in= accountancy and finance. legal, healthcare, charity and operational management. safeguarding. communications. fundraising, IT. Trustees and committee members receive an induction briefing and pack with details of the constitution and the work of the charity- Arrangements are also made to ensure that visits to the Centre are made on a regular basis, so as to witness the operations of the charity first hand. RELATED PARTIES Ace of Clubs is ultimately controlled by the Trustees of the Congregation of the Most Holy Redeemer which continues to provide premises at a heavily subsidised rental cost of £30,OCMJ per annum. The Congregation also oversees the management of a charity shop in Clapham, with the objective of generating profits which are ring-fenced and restricted and can only be used by the Ace of Clubs charity upon request and approval. Ace of Clubs is related to Redemptorist Publications, a registered charity, by virtue of the common control by the same group of Trustees. Redemptori5t Publications also provides payroll and administrative services to the Ace of Clubs, including payment of salaries in advance of reimbursement. li
Ace of C'lubs (Clapham) Statemenl of Responsibilities of ihe Board of Trustees The Trustees are responsible for preparing lh¢ Trustees. Annual Report and ihe financial siaiements in accordance wilh applicable law and regulations. Company law requires the Trustees to prepare financial 51(Iteinenls for each tinanLial vear. Under thal la the. are required to prepare the financial statement5 in acLordanLe iiith UK Accounling Standards and applicable law {UK General Accepled Accountin&y Practice), including F'RS 10? The Financial Reporting Siandards applicable in the UK and Republic of Ireland. Undcr company law. the Trustees must nol approve the financial statements unless the are satistied that they give a'tnje aiid fair, view of the of the state of atTairs of the charitable company and of the excess of income over expenditure tor that period. In preparing ihese financial statements the Trustees are required to: Ensure that the charity operales in accordance with its objectives and for promoting ils public benefit; Select suitable accounting policies and then apply them consistenily; Make judbyements and estimates that are re&sonable and prudent; State whether applicable United Kingdom accounting standards have been followed, subject to any maierial departures disclosed and ¢xplained in ihe financial slatemenls; and Prepare the financial statements on a going concern basis, unless it is inappropriate to presume that the orgJanizalion will continue its activities. The Trustees are responsible for keeping adequaie accounting records thal are sutTicienl to show and explain the charitable company's transactions and disclose with reasonable accuracy al anv time the financial position of the charilable companv and enable them lo ensure ihai ihe financial statements complv '1th the Companies Act 9006. 1.hey have general responsible lor taking such steps as are reasonabl open to them to saleguard ihe assets of ihe charilable company and pr¢v¢nt and detect offraud and other irregularilies. The Trustees are responsible for the mainlenance and inlegrity of the charitable company and financial inlornialion included on (he website. UK legislation governing the preparation and dissemination of financial statements mav differ from legislation in other jurisdictions. The I'rustees confinn that the financial statements have been prepared in accordance wilh the accouniing polici¢s set out in the notes to ihe accounts and comply wilh the charity's governing document, lh¢ Charilies Act 2011 and Accounting and Reporting by Charilies= Statement of Recomm¢nded Practice applicable lo charities preparin their accounts in accordance with FRS 102. The Financial Reporting Sthndard applicable in the UK and Republic ol- Ireland published on 16 July 2014. 26,','292S Rev R Reid C.Ss.R. Chair 12
Ace of Clubs Iclapham) Indèpendent examlnerfs report on the Unaudlted Ac¢ounts of to the Trustees ol Ace of Clubs Iclaphaml for the year ended 31 July 2024 I report to the Trustees on my examination of the accounts of the Ace of Clubs Iclaphaml for the year ended 31 July 2024 which are set out on paRes 14 to 20. RESPECTIVE REsPONSIBILrE5 OF TRUSTEES AND EXAMINER The Trustees, who are also the directors of the company for the purposes of company13w. are responsible for the preparation of the accounts in accordance with the requirements of the Companies Att 200612006 Actl. The Trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe Actl nor under Part 16 of the 26 Act.and that an independent examination is needed. Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, it Is my responsibility to-. il examine the accounts under section 145 of the 2011 Act,. ill follow the procedures laid down in the General Directions given by the Charity Commission section 14515)Ibl of ihe 2011 Act., and iiil state whether particular matters have come to my attention. This report, including my statement. h3s been prepared for and only for the Chaflty's Trv5tees as a body. My work has been undertaken so that I mi8ht state to the Charity's Trustees those matter5 1 am required to state to them in an Independent Examiner's Report and for r other Pufpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body. for my examination work. for this report, or for the statements I have made. BASISOF INDEPENDENT EXAMINER'S REPORT My examination was carried oul in accordance with the General Directions given by the Charity Commi$5ion. An examination includes a review of the accounting records kept by the Charity and a cornpafison of the accounts presented with those records. It also includes £onsideration of any unusual items or disclosures in the accounts. and seeking explanation5 from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an auclit. and consequently no opinion is 8iven as to whether the account5 present a "true and fair view" and the report is limited to those matter5 set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body listed in 5eclion 145 of the 2011 Act. I confirm l am qualified to undertake the examination by being a member of the Association of Chartered Certified Accountants. which is one of the listed bodies I hève completed my examination. I confirm ihat no material matters have come to my attention in connection with the examination, giving me cause to believe that. in any material respect.. l. accounting records were not kept in respect of the Company as required by section 386 of the Companies Act 2006,. or 2. the accounts do not accord with those records.. Of 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act Other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination.. or 4. 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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.. which are consistent with the methods and principles of Statement of Recommended Prartice.. Accountin8 and Reporting by Charities I have no concerns and have come acr055 no other matters in connection with the examinationto which attention should be drawn in thi5 report in Order to enable a proper understanding of the accounts to be reached. S Mahesan FCCA Mahesan & Co Suite 5, 6 Great Ormond Street London WCIN 3RB Date.. a7 Q2 2o2S 13
Ace of Clubs (Clapham) Statement of Financial Artivities (incorporating the income & expenditure) for the for the year ended 31 July 2024 2024 Total funds 2023 Total funds Unrestrirted Designated Restricted funds funds funds Note Note 11 INCOME Donation5, grants and legacy 185,415 so.1) 118,624 354.039 259.S78 Incomefrom charitable activities Drop-in centre 26,175 26,175 11,418 Investment income 4,012 4,012 1.503 Total income 215.602 50,000 118,624 384,226 272,499 EXPENDITURE Costs of roising funds Promotional and fundraising expenses Expenditure on charitable activities Drop-in centre 1,017 1,017 487 190.041 32,357 142.533 364,931 289,247 Total expenditure 191,058 32.357 142,533 365,948 289,734 Net income l{expenditure) 24,544 17,643 (23,9091 18,278 {17.2351 Reconciliation of funds Total Funds brought forward 81,600 116,116 49,153 246,869 264,104 TOTAL FUNDS CARRIED FORWARD 106,144 133.759 25,244 265,147 246,869 The financial statements have been prepared in accordance under the Companies Act 2006. The accompanying accounting policies and notes form an integral part of these financial statements. 14
Aee of Clubs Iclaphaml Balance Sheet as at 31 July 2024 2024 Total funds 2023 Total funds Unrestricted Designated Restricted Note funds funds FIXED ASSETS Tangible assets 245 41,957 42,202 62,787 CURRENT ASSETS Debtors & Prepayments Cash at bank & in hand 2.939 110,480 113,419 2.939 227,526 230,465 4,435 183,302 187,737 91,802 91,802 25,244 25.244 CREDITORS: amounts falling due within one year {7,5201 (7,5201 13,655} NET CURRENT ASSETS 105.899 91.802 25.244 222,945 184,082 TOTAL ASSEfs LESS CURRENT LIABILITIES 106,144 133,759 25.244 265,147 246.869 NET ASSETS 106,144 133,759 25.244 265,147 246.869 CHARITY FUNDS Unrestricted income funds Designated income funds 106,144 133,759 39.903 25,244 81,6(Kl 116,116 197.716 49,153 Restricted income funds TOTAL CHARITY FUNDS ?65.147 246.869 The accompanying accountin8 tx)licies and notes form an integral part of these financial slalements. The financial statements have been prepared in accordance with the special provisions applicable to charithble companies subject io the small companies, regime. I'he financial statements were approved, and auihoris¢d for issue. by the Board of Tru51ees on 26th Febrnary 2025 and were signed on its behalf by- Kev R Keid L.Ss.R. "rrustee 261i2•is Company Number 3080066 {England & Wales) 15
Ace of Clubs {Clapham} Notes to the Financial Statements for the year ended 31 July 2024 I ACCOUNTING POLICIES 1.1 80515 of preparation offinunciol 5tatementS The financial statements have been prepared in accordance with Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021- ICh3rities SORP FRS 1021, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. In applying the financial reporting framework, the trustees have made a number of subjective judgement5, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other fattors. including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation mean5 the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relavent accountinR oolicv below. 1.2 Public benefit entity The charitable company meets the definition of a public benefit entity a5 defined by FRS 102. 1.3 Going concern The Trustees consider that there are no material uncertainties regarding the charitable company's ability to continue as a going concern. At the time of approving the financial statements. there are good levels of secured income and a strong fundraising pipeline for the financial year 2024-25. 1.4 Income Income is recognised when the Charity has entitlement to the income. it is probable that the income will be received, and the amount can be measured reliably. Income from grants, whether 'capital' or 'revenue' 8r3nts. is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met. it is probable that the income will be received and the amount can be measured reliably. The charity receives donated food. The estimated value of this food and other consumables and used by the Ace of Clubs of £18,80012023 £17,430) has been included in the accounts. In accordance with Charities SORP IFRS 1021 the value of services provided by volunteers has not been included in these accounts. Refer to the Trustees. report for more information about their contribution. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation. 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to make payment to a third partv, it is probable that settlement will be required and the amount of the obligation can be measured reliablv. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings. 1.6 Irrecoveroble VA T Expenditure includes VAT and is reported as part of the expenditure to which it relates. 16
Ace of Clubs (Claphaml Notes to the Financial Statements for the year ended 31 July 2024 1.7 Fund occounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial Statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administratin8 such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 1.8 Tongiblefixed a55ets and depreciation Tangible fixed assets are stated at cost less depreciation. The cost of minor additions or those costing less than £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value. over their expected useful lives on the following bases: Plant and machinery etc -20%on cost Fixtures & Fittin85 -15% on cost Office Equipment -20% on cost Building Improvements -10% on cost Motor vehicles -20% on cost 1.9 Interest receivoble Interest on fund5 held on deposit is included when receivable and the amount can be measured reliably by the charity- this is normally upon notification of the interest paid or payable by the bank. 1.10 Debtors Trade and other debtors are recognised at the settlement amount after trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.11 Cosh at Bank and in Hond Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.12 Creditor5 and pmvision5 Creditors and provisions are recognised where the charity has 3 present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliability. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and Subsequently measured at their settlement value with exception of bank loans which are subsequently measured at amortised cost using the effective interest rate. 1.13 Pension costs The charity operates an auto enrolement scheme for all employee which commenced on l May 2017. The annual contributions payable are charged to the statement of financial activities. 1.14 Cash flow statement The financial statements do not include a cash flow statement because the charity. as a small reporting entity. is exempt from the requirements to prepare such a statement under Financial Reporting Standard 102 as amended by Update Bulletin l. 17
Ace of Club5 (Clapham) Notes to the Flnancial Statements for the year ended 31 July 2024 2024 Total funds 2023 Total funds 2 INCOME Unrestricted Deslgnated Restrlcted funds funds funds Grants, donations and Legacy Wimbledon Foundation Homelessness Fund Streetsmart Streets of London Corporate The National Lottery Community Fund The Drapers, Charitable Fund Deutsche Bank- Opportunity fund Natwest Bank PLC Sir Harold Hood's Charitable Trust Shadworth Hodgson Bequest G & Mrs E Pollitzec Charitable Settlement The Oliver Borthwick Foundation The Alexandra Trust Individuals, community and corporate Donated food 2,SCK) 23.860 20.oc 15.1)Xl 26,360 20,(MX) 15,000 50,000 59,764 26,246 10.000 50.IXM) 59,764 10.000 20,000 20.000 12,000 10,000 15.(yXI 15,¢XJO 5,000 3,000 125,902 17,430 259,578 2.750 136.365 18,800 185,415 2,750 136,365 18,8CNJ 354,039 50.000 118,6Z4 3 INVESTMENT INCOME 2024 ZOZ3 Deposit Interest 4,012 1,503 4 STAFF COSTS Staff costs were as follows: 2024 2023 Salaries Agency staff Social Security Costs Pension cost 122.076 100,962 15.046 13,462 4.061 6,229 3.659 2,500 144,842 123,153 The average monthly number of employees during the year was 512023: 5) Apart from the Trustees, key management Cornpfises the Treasurer and Centre Manager of Operations. The a88re8ate remuneration of key management amounted to £35.333 {2023= £28.179} No employee received remuneration amounting to more than £60,(XMJ in either year. S TRUSTEES. REMUNERATION, BENEFITS AND EXPENSES During the year ended 31 July 2024 no trustees, received any remuneration. other benefits or reimbursement of expenses12023 £nill. 18
Ace of Clubs (Clapham) Notes to the Financial Statements for the year ended 31 July 2024 6 TANGIBLE FIXED ASSETS Building Fixtures, Fittings Motor Improvements & Equipment Vehicles Kitchen Equipment 2024 Total Cost Cost brought forward Additions Disposals At 31July 150.339 35,745 46,476 54,765 287,325 150,339 35.745 46,476 54.765 287,325 DEPRECIATION Charge brought forward Disposals Charge for year At 31 July NET BOOK VALUE At 31July 2024 At 31July2023 134.785 23,085 18.590 48.078 224,538 4,782 139.567 3.165 26,250 9,295 27,885 3,344 51,422 20,586 245.123 10,773 15,554 9,495 12,660 18,591 27.886 3.343 6,687 42,202 62,787 7 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and accrued income 310 2.629 2,939 914 3,521 4,435 8 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors and accruals 7,520 3,655 9 STATEMENT OF FUND5 Brought Forward Income Expenditure Twansfers in/out Carried FoThiard Designated funds Fixed a55et dep'n fund Building Improvement Fund 62,378 53,738 116.116 120,421) 111,9361 132.3571 41,957 91,802 133,759 50.000 General funds General fund Unrestrirted funds 81,600 197,716 215,602 265,602 1191,0581 1223,4151 106, 144 239,903 Restrirted fvnds Fire alarm system Staffing & core costs Meals provision Building maintance Bicycle project Equipment & security Vehicle fund Other restricted funds 383 10,329 27.625 13831 198.9531 141.1971 98.624 20,0(J) 10.000 6.428 750 750 12,OWI 6,566 1.500 49,153 6,566 1,500 25,243 118,624 1142,5331 TOTAL FUNDS 246.869 384,226 1365,9481 265.147 Fixed Asset Depreciation Fund- This fund represents the net book value of caphtal assets purchased with restricted funds. Buildings Improvement Fund- estsblished to Set aside resources for the repairs and renewals to the Centre. The Trustees decide annually on the amount to be kept in reserve for cyclical maintenance. Expenditure on refurbishment or new equipment is allocated against this fund. 19
Ace of Clubs {Clapham) Notes to the Financial Statements for the year ended 31 July 2024 10 ANALYSIS OF NET ASSETS BEfwEEN FUNDS Restricted Unrestrirt- funds ed fund5 Total funds Total funds 2024 2024 2024 2023 Tangible fixed asset5 Current assets 42.202 205.221 17.5201 42,202 230,464 {7,520) 62,787 187,737 13,6551 25,244 Current liabilities TOTAL FUNDS 25.244 239.903 265.146 246,870 11 Compative Statement of Financial Activities for the year ended 31 July 2023 Unrestricted Designated Restrlcted funds funds funds Total fund5 Notes INCOME Donations and grants 175,718 83.860 259.578 Incomefrom charitable octivities Drop-in centre 11,418 11,418 Investment income 1.503 1.503 Total income 188.639 83.860 272.499 EXPENDITURE Costs of roising fund5 Promotional and fundraising expenses Expenditure on charitoble octivities Drop-in centre 487 487 216.546 25.581 47.120 289.247 Total expenditure 217.033 25,581 47,120 289,734 Net (expenditure)/income 128.394} {25,5811 36.740 117,2351 Transfer to Designated Funds 15.0(X) {15.fJ)O) Reconclllatlon of funds Total Funds brought forward 109.994 126.697 27.413 264,104 TOTAL FUNDS CARRIED FORWARD 81,600 116,116 49,153 246,869 20
Ace of Clubs Cla ham l)el#ilcd %tdtenii nt (Trf b'inan¢ial .If lil ilies for the ear ended 31 Jul 2024 Totsl Unrestricted Deggnal&l Restrided Funds 2024 2024 2024 2024 Unrestricted DesKJnated Restncted Totsl funds funds funds Funds 2023 2023 2023 2023 Income from: Voluntary Income Grants. Trusts & Legacies Donations Churches & Scho)Is tk)nations Corporate t)nations Penal & fc(rfJ Enthuse Meal ticket sales Drop-in centre DepK)Sit account interest Total income 38,783 50,IXKJ 6,893 10,363 92,104 36,932 341 26,175 4.012 215,602 118,624 207,407 6,893 10,363 92,104 36,932 341 26,17S 4,012 384,226 32.386 5.023 3,008 91.790 43.267 244 83.860 116,246 5,023 3,008 91,790 43.267 244 11,418 1,503 188,638 11,418 1,503 83,860 272,499 50,000 118,624 Expendlture on: Raising fund8 Promotional and fundraising exp Charitsble activities Salaries & agency staff Hire of plant and machinery Rent, rates and water ght and heat Telephone Takeaway supplies Meals provided Cleaning and waste disposal Repairs and renewals Centre insurance Motor & Travel expenses Artivities Security Staff Training & Seminars Support and advi provision exi Kitchen equip Accountancy Legal & Consultsncy Postage, ststionery & printing Computer g)flJ¥are Bank charges Recruitment ExFenses Subscriptions Other expenses Depreciation of fixed assets 1,017 1,017 487 487 46,877 1,116 15,166 20,670 4,262 7,229 26,023 9,952 15,620 5,218 2,550 1,456 20,326 97,965 144,842 1,116 30.166 33.204 4,262 10.096 28,423 15.403 29,939 5.218 2.817 1,456 20,326 2,222 3,599 82,096 789 41.057 123,153 789 1S,(KK) 12,534 31.841 15.674 31.841 15.674 3,609 9.088 28.838 14,440 17.180 4.738 1.512 447 2,867 2,4C 5.451 2,383 7.841 26,760 12.916 10.806 4.738 1.512 447 1,247 2,078 1.524 1,214 11,936 5.160 267 1,128 2,538 1.027 4.822 1,478 I,0 3.181 1.965 1,280 285 1,027 4.822 1.478 1,000 3.181 1,965 1,280 285 1,061 1,000 3,143 2,140 1,895 377 1,323 700 34 165 190,041 3,143 2,140 1,895 3T/ 1,323 700 323 323 1,510 1.510 20,421 32.357 20,586 142.533 364,931 645 216,546 20,421 25,581 21,066 47,120 289,247 Total expenditure 191,058 32,357 142,533 365,948 217,033 25,581 47,120 289,734 Net incomel(expenditure) 24,544 17,643 {23,9)> 18.278 (28,394) (25,581) 36,740 (17.235) Transfer of funds - Fixed Ast Fund 15,C(K) IIs.ocM)I Totsl fund5 tought forward 81,600 116,116 49.153 246,869 109,994 126,697 27,413 264,104 Totsl funds carried for*ard 106,1 Designated depreciation for funded assets Building improvement fund 133,759 41,957 91,802 133,759 25,244 265,147 81,600 116.116 62,378 53.738 116,116 49,153 246,869 21
For the Year Ended 31 July 2024 Food Partnershlps Aldi City Harvest COOK Clapham Co-op Crosta & Mollica Critical Support Fareshare (including The Felix Project and Foodiversel GAIL'S Getir Lidl KFC Nando's Neighbourly- {Sainsbury) Marks & Spencer Tesco Trussell Trust Waitrose Servlce Delivery Partners Change Grow Live Footworks Glassdoor GoodGym Guy's and St Thomas, NHS Foundation Trust's Health Inclusion Team HM Prison & Probation Services Job Centre Plus King's Community Special Care Dentistry- Lambeth, Southwark & Lewisham Lambeth Drug and Alcohol Treatment Lambeth Street Engagement Team Lambeth Probation Sen4ices NHS Dentist and NHS Nurse Safer Neighbourhood Team SLAMISTART South London and Maudsley Hospital Streetlink SPEAR Thames Reach The Robes Project Volunteering Matters 22
Corporate Volunteering Teams Blackbaud Blend Network Blueprint Partners CBRE Crosta & Mollica Datasite Dentsu Doggart & Squash Ernst & Young LLP Fortem Fosters + Partners Franklin Fitch Gallagher Gore Street Capital Gu Desserts ICMM Imagino Jimmy's Pop Up KIND Snacks London Borough of Lambeth Lloyds Bank Natwest Nestle Octopus Energy ORIC International Pathwaze Peters & Peters PIMCO Premier Foods PWC Radancy RSA Insurance Rocket Food Simba Sleep Sodexo Tesco The Athenaeum Hotel & Residences The Analyst The Executive Club The Fendale Group Third 8ridge Vodafone Zoopla 23