The Caledonlan Club Members Common Good Fund Year Ending 31 March 2024 General Information Tru5tee5: l M Fletcher (Chairmonl P V Boyle G Waddell DLCWhlte J S Young Secretary: D C8alden Prlnclpal Address: 9 Halkln Street London SWIX 7DR Independent Examlner: Thomas Ward 19 Devoncroft Gardens Twlckenharn TWI 3PB Bankers: Drummonds The Royal Bank of Scotland plc 49 Charing Cross London SWIA 2DX Sollcltors.. Stone Kln 39 Cloth Falr London ECIA 7JQ Charlty Re8lstratlon Number: 1086191 Page I
The Caledonian Club Members Common Good Fund Year Ending 31 March 2024 Report of the Trustees Statu5 and Admlnistratlon The Charity was set up by Trust Deed on 18 April 2001 and is a reglstered charity. number 1086191. The Trustees of the Trust are listed on Page l of the report. The flnancial statements comply wlth current statutory regulations, the Trust Deed and the Statement of Recommended Practice 'Accounting and Reporting by Charlties preparing their accounts In accordance with the Financlal Reportin8 Standard appllcable in the UK and Republic of Ireland IFRS1021' issued on 16 July 2014. Objects The objects of the Trust set out In the Trust Deed are to carry out charitable actlvltles a5 determined by the Trustees of the Trust. Pollcy and Grants The Trust's pollcy Is to ralse fund5 from a variety of sources and supply such wlth a vlew to preserve and enhance for the general public the Caledonian Club building at Halkin Street,. to add to its hlstorical Scott15h collectSon of artefacts, objets d'art and furniture,. to promote Scottlsh heritage and as51St In the 5UPPOrt af causes, partScularly those having a strong connectlon with Scotland. Revlew of Actlvltles and Future Plan5 The Trust ha5, durlng the year, recelved funds by way of gift5, legacie5. sale of books and Interest on deposits amountln8 to £58,26412023'. £83,343). In fulfilment of the Trust's objectlves, grants of £2,988 agreed durlng the year resulted In a figure of £257 after prlor year accrual reversals12023.' £6,181 pald and £64,795 a¢cruedl. The Trustees expect that further donations w511 be received over the next few years, Requests for grants for next year had been received and at the year end were in the process of bein8 reviewed. Legacies and Oonatlons During the year, legacie5 of £2,000 were recelved and general donatlons totalled £45,103. Financial Result The financlal result for the year is Set out on page 5 of the accounts. Reserves Pollri It Is the policy of the Charlty to maintain unrestricted funds, whlch are free reserves of the Charlty, at a level which equates to approximately six months, of anticlpated unrestricted expenditure. This provides sufflcient funds to cover management, administratlon and support Costs. Unrestricted funds at the balance sheet date were in excess of this requirernent. Page 2
The Caledonian Club Members Common Good Fund Year Ending 31 March 2024 Report of the Trustees Rlsk Management The Trustees continue to keep the Trust's activities under revlew, particularly wlth regard to any rlsks which may arise from time to time, and to monitof the effectiveness of the system of internal controls and other vlable mean5, including insurance cover where appropriate. by which those risks already identified by the Trustees can best be mitl8ated. P(wiers The Trustees have absolute dlscretlon In all matters concerning the appllcation of the Oblects of the fund. Appolntm¢nt of Trustees The Board of Trustees is authorlsed to appolnt new Tnjstees to fill vacancles arlsln8 through reslgnatlon or the death of an existing Trustee. Investment Powers The Trust Deed state5 that the Trustees rnay invest funds not Immediately required for its purpose5 In such Investments, securlties or property as may be thought flt. ststement of Trustee5' Responslbllltle The Trustee5 are responsible for preparing the Annual Report and the flnancial ststements In accordance wlth the applicable law and Unlted Kingdom Generally Accepted Accounting Practice. Charlty Law requires the Trustees to prepare financial statements for each financial year whlch give a true and falr view of the state of affalrs of the Charity and of the profit or loss ot the CharSty for that period. In preparing these financial statements, the Trustees are requlred to: select sultable accountin8 pollcie5 and then apply them consistently make Judgements and estimates that are reasonable and prudent state whether appllcable accountlng standards and statements of recommended practlce have been followed, subject to any departures disclosed and explalned in the financlal statements prepare the financlal ststements on a golng concern basls unless it 15 inapproprlate to presume that the Charlty will continue in operation. Page 3
The Caledonian Club Members Common Good Fund Year Endlng 31 March 2024 Report of the TrusteÈ5 The Twstees are responsible for keeping proper accounting records that dlsclose wlth reasonable accuracy at anv tlme the financlal position of the Charity and enable them to ensure that the flnancial statements comply wlth the Charltles Act 2011. They are a150 responslble for safeguarding the assets of the Charity and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other IgularleS. Datsd: SD 5epkvbLbJ loz& Trustee: Trustse.. Page 4
The Caledonian Club Members Common Good Fund Year Ending 31 March 2024 Independent Examiner's Report to the Trustees of the Caledonian Club Members Common G¢x)d Fund I report on the account5 of The Caledonlan Club Members Common Good Fund for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. Thls port is made solely to the Charity's Trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charltles Act 2011. My examination has been undertaken so that I mlght state to the Charity's Trustees those matters l am required to State to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibillty to anyone other th3n the Charity and the Charlty's Trustees as a body, for my examinatlon, for this report, or for the opinions I have formed. R•spectlve Responslbllltles of Trustees and EJ(amlner The Charlty's Trustees are responslble for the preparatlon of the accounts. The Charity's Trustees conslder an audlt Is not requlred for this year under sectlon 144121 of the Charlties Act 2011 (the 2011 Act) and that an Independent examin4tlon 15 needed. It is my responsibillty to.. examlne the accounts under section 145 of the 2011 Act to follow the procedures laid down in the general Direction5 glven by the Charity Commission under section 1451511bl of the 2011 Act, and to 5t3te whether particular matters have conie to my attention. Basls of Independent Examlner's Report My examinatlon was carrled out in accordance wlth the general Dlrectlons given by the Charity Commisslon. An examination includes a review of the accounting records kept by the Charity and a compaT150n of the acounts presented with those records. It also Includes a consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion 15 given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set OL4t in the statement below. Independent EKamlner'5 Statement In connectlon with my examlnation, no matter has come to my attention: 111 whlch glves me reasonable cause to believe that in any material respect the requlrements.. - to keep accountin8 record5 In accordance with sertlon 130 of the 2011 Act, and to prepare accounts which accord wlth the accounting records and comply wlth the requirements of the 2011 Act have not been met,. or 121 to which, In my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Thorna5 Ward FCA Chartered Accountant 19 Devoncroft Gardens, Twickenham, TWI 3PB Page 5
The Caledonlan Club Members Common Good Fund Year Ending 31 Marth 2024 SLiternent of Financial ktlvltles 31 March 2024 31 Morch 2023 Total Totol Note Incorne: Other Donations Receipts from 8ook5 and Prints Interest Recelved Tax Credlts 47,103 895 3,655 6,611 82,135 102 1,106 Total Income 58,264 83,343 Expendlture: Charitsble Actlvltles 1,457 73,928 Governance Costs - Independent Examinatlon Fees 750 750 Total Expendlturo 2,207 74,678 Net Inom•llExpendltur•l 56,057 Fund Balance5 Brought Forward 94,110 85.445 Fund Balances at 31 March 2024 f31 March 2023) 150,167 94,110 Page 6
The Caledonian Club Members Common Good Fund Year Endlng 31 March 2024 Balance Sheet Total Fund 31 March 2024 Total Fund 31 March 2023 Note Current Assets Debtors 6,938 248 Bank Balances and Money Market Deposlts 147,310 159,407 154,248 159,655 Current Llabllltles Creditor5'. Amounts falling due wlthln one year 4,080 65,545 Net Current Assets 150,168 94,110 Net Assets 150,168 94,110 Fund5 General Fund 150.168 150.168 94,110 94,110 Approved by the Trustee5 on 2024 and slgned on their behalf Trustee: Page 7
The Caledonian Club Members Common Good Fund Year Ending 31 March 2024 Notes to the AccntS l. Accountlng Policies al Basis of Preparatlon The financial statements have been prepared under the historical cost convention as moditied by the InclusSon of fixed asset Investments at market value in accordance with the statement of Recommended Prattlce 'Accounting and Reportlng by Charltles preparlng thelr accounts in accordance wlth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS1021' 155ued on 16 July 2014, and the Charltles Act 2011. b) Golni Concern There are no material uncertalntSes that cast a slgnlflcant doubt on the Charity's ability to continue asa golngconcern. C) Income and Expendlture Income and expendlture are Included on an accruals ba515. Income15 recogni5ed when the Charity is entltled to income and it is more likely than not to be received. Expendlture Is recognlsed when there is a legal or constructSve obllgatlon to make a payment. Expenditure incurred in Connectlon with the speclflc objects of the charlty Is Included under the heading of 'Total Charltable Actlvlties by Objective5" and that relatlng to constltutlonal and statutory matters is included In Governance Costs" dl Grants Payable The Fund makes grants to the Caledonian Club and other partles In furtherance of its policy as stated In the Report of the Trustees. 2. Staff Costs and Trustee5' Rernuneratlon None of the Trustees received any remuneratlon or relrnbursement of expenses from the Charity or any related entlty durlng the perlod12023'. £NIII. Page 8
The Caledonian Club Members Common Good Fund Year Ending 31 March 2024 Notes to the Accounts 31 March 2024 31 Morch 2023 3. Listed Bulldlng Refurblshments Grants 257 70,976 Other E¥pendlture Trustee Meeting Expenses Prlntin& Postage and Statlonery Administration Expenses 492 1.200 2,460 Total Other Expendltur• 1200 2,952 Total Ch•rftable Artfvltle5 by Objectlve 1,457 73,928 4. Debtors Tax Recoverable and Interest Recefvable 6,938 248 6.938 248 5. Credltors Accruals IGrant5, Examlnation Fees & Admin Expenses) 65,545 4,080 65.545 Page 9