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← The 999 Club And Lady Florence Trust

2024-08-31-accounts

Company Registration No. 4238295 (England & Wales) Company Registration No. 0 4238295 (England & Wales) C Charity harity R Registration egistration N No. o. 1 1091077 091077

The The 999 999 C Club lub a and nd L Lady ady F Florence lorence T Trust, rust, k known nown a as s “The The 9 999 99 C Club” lub Trustees’ report and financial statements F For or the the y year ear e ended nded 3 31 1 August August 2 2024 024

The 999 Club and Lady Florence Trust

Contents

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Charity information 1
Report of the trustees 2
Independent auditors’ report 13 13
Consolidated statement of financial activities 17 17
Balance sheets 18 18
Cash flow statement 19 19
Notes to the financial statements 20 20

The 999 Club and Lady Florence Trust

Reference and administrative information For the year ended 31 August 2024

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Trustees		 Gordon McCullough (Chair, resigned January 2024)
Toju Mayomi (Treasurer)
Dan Burraway
Tim Colman
Julie Greenwood (resigned January 2024)
Mamta Gupta
Arti Modhwadia
Ijay Onyechi
Jo Tanner
Manlio Battaglia Trovato
Sandra Iskander (appointed July 2024)
Catherine Druce (appointed January 2024)
Victoria Prouse (Chair, appointed January 2024)
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Secretary		 Thomas Neumark Jones (resigned October 2024)
Teresa Goede (interim, appointed October 2024- February 2025)
Charly Richardson (appointed February 2025).
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Chief Executive		 Thomas Neumark Jones (resigned October 2024)
Teresa Goede (interim, appointed October 2024- February 2025)
Charly Richardson (appointed February 2025).
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Registered		 o
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office		 21 Deptford Broadway
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SE8 4PA
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number		 04238295
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Bankers		 HSBC Bank Plc
85 Lewisham High Street
London
SE8 4RQ
Unity Trust Bank
PO Box 782
Orpington
BR6 1EN
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Solicitors		 TV Edwards
35 Mile End Road
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E1 4TP
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Auditors		 BuzzacottAudit LLP
130 Wood St
London EC2V 6DL

Page 1

The 999 Club and Lady Florence Trust

Report of the Chair of the Board For the year ended 31 August 2024

  1. In the face of increased demand for our services, I am glad to report that 999 Club continues to provide friendly, welcoming, empowering support to people experiencing homelessness from our centre in Deptford.

Our Gateway and Housing, Employment, Advice and Training (HEAT) services continue to support people experiencing homelessness to both meet their immediate needs and to find a home and maximise their income. We run an early bird breakfast twice a week thanks to support from Lewisham Council, and host a

Our Bridge service is delivered in partnership with South London and Maudsley NHS Foundation Trust. The service offers a safe space and empowering support to people in Lewisham who feel that they cannot cope. MOVE+ is delivered thanks to support from the National Lottery Community Fund and provides peer coaches for people that have recently escaped homelessness, supporting people to identify and pursue their goals so that they sustain their tenancies and progress.

These accounts show that the 999 Club ended with a modest deficit. This follows investments made in improving our service including our building, staff and financial services. It is important that 999 Club maintains sufficient reserves to manage strategic risks. However, we are conscious of the need to invest in providing high quality services, especially during the current cost of living crisis. I am very grateful to all the individuals, trusts and companies that have supported 999 Club in the past year. Thank you to our funders for your generosity and support during this time. Our work would not be possible without you.

We work closely with people that have used our services to review our work and to agree our priorities for the year ahead. This includes a committee made up of people who use our services and an away day at which trustees, staff, volunteers and members come together to reflect and plan.

many of whom have personal experience of homelessness, contribute so much to their local community, helping people to help themselves escape from homelessness. Thank you for your generosity and good humour. Our work would also not be possible without our dedicated staff group who bring knowledge, experience and empathy in all that they do to support our members.

This year saw our CEO Tom Neumark move on to a new role. Tom has been with the 999 Club for just over 3 years and has made an incredible impact in that time. joining the 999 Club at a pivotal and difficult moment, leading the organisation confidently out of the pandemic and created a much stronger more resilient organisation as a result. We wish Tom all the best in his new role and I thank him for all his great work and his support to me in this role.

This my first report as Chair of 999 Club. I want to thank my predecessor Gordon McCullough, who served as Chair of 999 Club for 6 years, and I am also grateful to the trustees who have provided me with a warm welcome and generously shared their wisdom and advice.

As we look forward to 2025, we can be sure that it will be another year of significant change, with a new government for the country and a new CEO for the 999 Club. While our community faces many challenges, I am confident 999 Club will respond with our usual enthusiasm and commitment

Victoria Prouse Chair of Trustees January 2025

Page 2

The 999 Club and Lady Florence Trust

report For the year ended 31 August 2024

O Our ur v vision ision

Our vision is that no one will sleep on the streets in Lewisham.

Our approach to achieving our vision is to provide a friendly open door for anyone that is sleeping on the streets or otherwise homeless and then empower them to escape from homelessness.

We believe that sleeping rough should be rare, fleeting and never repeated. We have two missions:

.

.

In everything we do, we demonstrate our values:

O Objectives bjectives a and nd a activities ctivities

“The advancement of education and the provision of facilities for recreation or other leisure -time occupation for people who have need of such faci lities by reason of... poverty or social and economic circumstances with

O Our ur s story tory o of f c change hange

Engagement with 999 Club starts by meeting basic needs, but it does not end there. We support people who are experiencing homelessness and those with no recourse to public funds. Our starting point is helping people meet their basic needs such as shower, food, phone, laundry, computer, post. Through this we build trusting relationships with the people that use our service and support them to find and sustain a home, and to take part in meaningful activities such as work or volunteering.

Our work is person-led, far reaching and inspires meaningful change. We collaborate to ensure that our services are accessible, inclusive, and designed to improve the psychological and emotional wellbeing of the people with whom we work. We strive for continuous improvement in our delivery and adopt a flexible and personalised approach that treats people with kindness and compassion.

Page 3

The 999 Club and Lady Florence Trust

report For the year ended 31 August 2024

R Review eview o of f p past ast a activities ctivities

In 2023/24 999 Club provided the following services:

The Gateway

A welcoming day centre on Deptford High Street, offering practical help such as food, laundry and showers as well as a safe and friendly space, supporting an average of 52 unique individuals per day.

HEAT

Housing, employment and advice team providing guidance for people either experiencing or at risk of homelessness so that they can find a home and maximise their income, supporting an average of 62 unique individuals per week.

Bridge

A referral only, recovery focused service, operating from 6pm to 11pm on weekdays and 10am to 8.30pm on weekends and holidays for Lewisham residents who feel that they cannot cope, supporting up to 99 unique individuals per month

MOVE+

Our Peer Coaching service providing 1:1 and group support to 36 people so that they can sustain their new tenancies and to make progress in employment.

All our activities are designed and delivered by people that use or have used our service. This is done through several mechanisms including our Client Committee. In total 104 unique individuals took part in coproduction activities throughout the year.

Achievements Achievements a and nd p performance erformance

We provided a high quality service that is valued by the people that use it. 78% of the 102 unique individuals who gave anonymous feedback during the year rated their experience as .

We supported people to stay in their home or find a new home and to get employment, education or training. Last year we supported 116 people to find a home, 44 people to stay in their home and avoid eviction and 106 people to start employment, education, training or volunteering.

As the charts below show:

Page 4

The 999 Club and Lady Florence Trust

report For the year ended 31 August 2024

==> picture [372 x 124] intentionally omitted <==

----- Start of picture text -----
How welcoming are the 999 Club services
| Not sure / do not want
1%1% to answer
a Not welcoming
98% | Welcoming
----- End of picture text -----

==> picture [397 x 118] intentionally omitted <==

----- Start of picture text -----
After using 999 Club's services, do you currently
have a home?
31% a No
69% a Yes
----- End of picture text -----

==> picture [390 x 128] intentionally omitted <==

----- Start of picture text -----
Did you attended A+E in connection with your
mental health after using the Bridge?
24%
a No
a Yes
76%
----- End of picture text -----

We continued to deepen partnerships with other organisations in south-east London, working closely with: the London boroughs of Lewisham and Greenwich, Thames Reach, Refuge, South London and Maudsley NHS Foundation Trust, Change Grow Live, Advice Lewisham, Citizens Advice Bureau, Lewisham Local, Community Connections, Fareshare, the Felix Project, Lewisham Refugee and Migrant Network, Bench Outreach, Lewisham North Primary Care Network, Goldsmiths University, Brett Grellier Psychological Services and the Albany Theatre. We are grateful to them all.

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The 999 Club and Lady Florence Trust

report For the year ended 31 August 2024

Q Quotes uotes f from rom p people eople t that hat h have ave u used sed o our ur s services: ervices:

by their welcoming staff and the services. Please keep up the good work because homeless individuals need

were accessible, friendly and supportive and really listened. It was also a big thing to feel heard, and to have people who understood about housing."

"The best place to get help, advice and support or even just to talk to someone that will make you feel important. Also the most amazing people have met so far in London, and more than that honesty and encouragement for people in need. AMAZING COFFEE AND FOOD LOVING IT"

"So blessed to have had the help and support of all the great staff that work at the 999 club. I just lost my job and home life was really hard but thanks to everyone who works at the 999 club I got a place to live, put on a course and got a job at the end of the course which I start tomorrow. The empathy,

support, information, advice I got was amazing it helped me to grow as a person and overcome the problem I was facing. I'm still made welcome and offered help from staff there who reach out to me over the phone or when I pop in."

time, I am forever grateful to them. I will use their advice and everything I've learned in my everyday life and promise to get better. Thank you so much fo r your help.”

"I love the service and have got so much from it. I have learnt lots of new coping skills. I feel fantastic after each session and then my complicated life problems take over. We have just been given a child protection plan on the day of my last Bridge appointment. Everyone l speak to loves your service it is invaluable and just continue doing what you are doing."

and compassion have touched my heart, and I'm truly grateful for all they've done. They've made me feel

everyone went above and beyond just to help me sort my situation out I can not thank you enough for

C Case ase s studies tudies

B had been homeless since he was discharged from the mental health unit. He had been sofa surfing but was asked to leave and started sleeping behind the bins at the back of Deptford high street.

Page 6

The 999 Club and Lady Florence Trust

report For the year ended 31 August 2024

B came to 999 Club for food. We supported B to set up his own bank account with HSBC and supported him to move into a specialist housing project

D was sleeping on buses after her daughter, with whom she had been living, asked her to leave and Lewisham Council were unable to find her accommodation.

café on the Strand. She is very happy and has a full-time position.

L was referred to the Bridge due to suicidal thoughts and high levels of anxiety. She felt unable to manage. L had separated from her partner and was finding it hard to get work as a freelance photographer.

She responded well to breathing techniques and creating a wellness box. She made comprehensive plans for different areas of her life, including booking in work, and prepping meals she enjoys.

situations, in a safe and positive way. She feels she has explored her support network and feels confident that she knows who to reach out to for support if things become more challenging again.

Volunteers Volunteers

Our work is supported by a team of over 62 dedicated volunteers with backgrounds as diverse as the local population. Some of our volunteers have either used our service in the past or have experienced homelessness. They help to make our services feel safe and welcoming by greeting people that use our services and ensuring that they find the support that they need. We are very grateful to our volunteers and thankful for their amazing contributions.

F Fundraising undraisingndraisingdraisingraisingaisingisingsingingngg

F Fundraising undraisingndraisingdraisingraisingaisingisingsingingngg

999 Club is so grateful to the individuals and organisations that support our work. We are fortunate to work in and with such a generous community. Their donations make our work possible.

We are grateful to Lewisham Council, The Balcombe Charitable Trust, Garfield Weston Foundation, The Linbury Trust, The Mercers’ Charitable Foundation, and The National Lottery Community Fund for their support and we are grateful to all the companies that support our work through both donations and volunteering.

We would also like to thank the many smaller trusts that have generously supported our work over the past year.

The 999 Club undertakes fundraising activity through its supporters via fundraising events, individual giving including appeal letters, email and telephone. We do not have face to face (or door to door) fundraising activities. In addition, funds are raised from trusts and foundations and corporate partnerships. The 999 Club is a member of the Fundraising Regulator and adheres to its Code of Fundraising Practice, and its associated rulebooks for fundraising activities.

The 999 Club is compliant with the General Data Protection Regulation and only contacts prospective and existing supporters in line with its Privacy Policy and Data Protection Statement. The 999 Club recognises the

Page 7

The 999 Club and Lady Florence Trust

report For the year ended 31 August 2024

importance of protecting our vulnerable supporters and follows the guidance issued by the Institute of Fundraising and the Fundraising Regulator on treating donors fairly.

The 999 Club supports its staff and fundraisers who come into contact with supporters in providing high quality customer care, ensuring anyone donating to the charity is in a position to make a free and informed decision. The 999 Club welcomes feedback on its fundraising activities and has a complaint policy which outlines how the charity will react should a complaint be received regarding its fundraising methods. The 999 Club received no complaints during the year.

F Financial inancial r review eview

As documented under ‘Structure, governance and management’ below, on 4 December 2023, the Lady Florence Institute became a linked charity of The 999 Club and Lady Florence Trust. For reporting purposes, the Lady Florence Institute forms part of The 999 Club and Lady Florence Trust following the linking direction and is presented separately within un-restricted funds. The linking direction took effect for the whole of the 2023/24 financial year of The 999 Club and Lady Florence Trust.

Financial assistance was given by charitable trusts, corporate supporters and private donors. The results for the year are shown on page 16. In line with 999 Club’s plan to spend the additional resources secured during the pandemic, there was a deficit for the year of £22,576 (surplus in 2023: £35,997). When the deficit is added to the funds brought forward of £3,516,511 this leaves a figure of £3,493,935 for total funds carried forward at 31 August 2024.

R Reserves eserves p policy olicy

It is the trustees’ desire to maintain reserves, at a level which equates to 3 — 9 months core costs, working capital and a sinking fund for planned maintenance of our rented properties. At this level the trustees feel comfortable that they can continue the current activities of the charity in the event of a significant drop in funding.

Unrestricted reserves were £2,268,502 at 31 August 2024 which is within the policy. Designated reserves only include the value of the freehold property.

S Structure, tructure, g governance overnance a and nd m management anagement

The 999 Club, a company limited by guarantee and a registered charity, was formed in 1992. The objects of the charity are governed by the Memorandum and Articles of Association adopted in February 2002.

On the 4 December 2023, the Lady Florence Institute became a linked charity of The 999 Club and Lady Florence Trust as a result of a linking direction issued by the Charity Commission. For reporting purposes, the Lady Florence Institute forms part of The 999 Club and Lady Florence Trust following the linking direction and is shown separately within the funds notes. The linking direction took effect for the whole of the 2023/24 financial year of The 999 Club and Lady Florence Trust.

The 999 Club and Lady Florence Trust previously prepared consolidated financial statements including the Lady Florence Institute as a subsidiary. Following the linking direction, consolidated financial statements are no longer required. In order to aid comparability within the financial statements, comparative figures aggregating both entities are reported.

The Board of the 999 Club, supervise the governance and management of the organisation. Directors who served during the year, or have been subsequently appointed, are shown on page 1.

Page 8

The 999 Club and Lady Florence Trust

report For the year ended 31 August 2024

S Structure, tructure, g governance overnance a and nd m management anagement (continued)

Appointment to the Board is by nomination by the members after the needs of the Charity are considered by the current Directors. The Board of Directors aims to ensure that the composition of Directors contains individuals with suitable skills and experience to contribute positively to the governance of the Charity. Trustees are given a thorough induction including provision of information provided by the Charity Commission on the role of a trustee. Training is provided on a personalised basis.

The organisation has a clear organisational structure with lines of authority and delegation, which are regularly reviewed by the Board. The Board is responsible for setting strategies and policies and for ensuring that these are implemented by the Chief Executive on behalf of the Board.

The Board has responsibility for setting remuneration of the CEO and key management personnel. In doing so it undertakes market testing and benchmarking against other similar sized organisations.

consider each year how the charity meets the public benefit objectives outlined in Section 4 of the Charities Act 2011. They are satisfied that the 999 Club and Lady Florence Trust meets the requirements and conforms

P Policy, olicy, p planning lanning a and nd r risk isk m management anagement

The Board are responsible for the management of the risks faced by the organisation. The Board review the organisational risk position, internal control assessment and its compliance with relevant statutory and finance regulations. To evaluate and manage risk, a risk register is maintained, which is monitored and reviewed at Board meetings. This process identifies the major risks the organisation faces, the likelihood of occurrence, the significance of the risk and any mitigating controls that are in place and seeks to identify any actions and resources required to manage these risks further.

Page 9

The 999 Club and Lady Florence Trust

report For the year ended 31 August 2024

R Risks isksskskss

R Risks isksskskss

The Board is satisfied that systems are in place to mitigate our exposure to major risks, both from within the charity and to those related to the external environment over which we have no control. Our approach to mitigating these risks is outlined in the table below:

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Mitigation
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Financial losses from voids, arrears or
mismanaging repairs
Mismanagement of property
Review arrangements for the managing
agent for property and ensure legal
agreements relating to property are
robust
Property
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Reputational damage caused by negative
media coverage, for example relating to
serious incidents
Invest in our communications
Update our safeguarding policy, run
safeguarding training, and monitor
incidents and safeguarding alerts for
themes
Communications
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We are unable to raise sufficient funds to
cover the costs of providing our service
e.g. due to loss of income from major
donors or trusts
The Board will review and agree any
changes to staffing structure and pay
and conditions
Our fundraising team will pursue a plan
including cultivating individual donors,
maintaining a trust fundraising pipeline,
working with trustees on fundraising
opportunities and creating a Fundraising
Board
Fundraising
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Governance &
leadership		 Change in the makeup of our board
disrupt governance arrangements
Property development drains attention or
resources or disrupts service delivery
Change in senior leadership disrupts
management		 Recruit 2 new trustees including a
Treasurer, to coincide with trustees
coming to the end of their terms of
office
The Property Development
Subcommittee will continue to meet to
review
Senior leaders have sufficient notice
periods to ensure proper handover and
the implementation of interim
arrangements

Page 10

The 999 Club and Lady Florence Trust

report For the year ended 31 August 2024

F Future uture p plans lans

Despite worsening external conditions, at the 999 Club we continue to provide friendly, welcoming, empowering supportive services.

O ~~Our~~ ur o ~~objectives~~ bjectives f ~~for~~ or ~~2024-2025~~ 2024-2025

Objective
Goal		 Objective
Goal
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Work with 1,750 different people
80%+ will give our services a positive rating
Support 200 people to find a home
Deliverfriendly, welcoming, empoweringsupportive
services
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Raise the £1.5m it costs to provide our services
Build and maintain excellent ~~fundraising ~~relationships
with trusts, donors, statutory partners and local
companies
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Grow the impact of our communications, reaching
more people on social media and through our
newsletter
Our~~communications ~~will be produced with the people
that use ourservices, to assert our position as a local
charitythat provides services that support people to
escape homelessness
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Launch a new property service
Improve our shower and laundry facilities
Use our propertytosupport our mission and financial
sustainability
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Invest in individual training budgets and training for
managers and trustees
Support ~~our people ~~by investing in their learning and
development and givingthem clear direction
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Develop a new ~~three-year plan~~		 Work with people who use our services and local
position as a respected local charity
partners to create a
plan to maintain 999 Club’s

Page 11

The 999 Club and Lady Florence Trust

Trustees’ For the year ended 31 August 2024 responsibilities

The trustees (who are also directors of the 999 Club and Lady Florence Trust for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

By order of the trustees

Victoria Prouse C Chair hair o of f T Trustees rustees February 10 2025

Page 12

The 999 Club and Lady Florence Trust

For the year ended 31 August 2024

Independent auditor’s report to the members of The 999 Club and Lady Florence Institute

Opinion

We have audited the financial statements of The 999 Club and Lady Florence Institute (the ‘charitable company’) for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet, and statement of cash flows, the principal accounting policies and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report , including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are

Page 13

The 999 Club and Lady Florence Trust

For the year ended 31 August 2024

required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report . We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Page 14

The 999 Club and Lady Florence Trust

For the year ended 31 August 2024

Responsibilities of trustees

directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

e The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

e We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussions with representatives from the Trustees and from our knowledge and experience of the charity sector.

e We focused on specific laws and regulations which we considered may have a direct material effect on the accounts.

e We assessed the extent of compliance with the laws and regulations identified above through making enquiries of representatives of management and the review of minutes of Trustee meetings.

understanding of how fraud might occur, by:

e Making enquiries of where management considers there was susceptibility to fraud and knowledge of actual, suspected and alleged fraud; and

e Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

Performed analytical procedures to identify any unusual or unexpected relationships;

Page 15

The 999 Club and Lady Florence Trust

For the year ended 31 August 2024

Tested and reviewed journal entries to identify unusual transactions;

Tested the authorisation of expenditure;

Investigated the rationale behind significant or unusual transactions.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Use of our report

the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Hugh Swainson (Senior Statutory Auditor)

For and on behalf of Buzzacott Audit LLP, Statutory Auditor 130 Wood Street

London EC2V 6DL

02 April 2025

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The 999 Club and Lady Florence Trust

Statement of financial activities For the year ended 31 August 2024

Unrestricted Restricted Total Total
funds funds 2024 2023
Notes £ £ £ £
Income from:
Donations and grants 2 Donations and grants 2 570,477 249,646 820,123 751,095
Contract Income - 411,476 411,476 317,879
Other trading activities:
Rental income 297,166 - 297,166 284,433
Interest Received 21,706 - 21,706 5,226
Total income 889,349 661,122 1,550,472 1,358,633
Expenditure on
Raising funds 3 75,348 - 75,348 99,201
Charitable activities 4 740,319 757,381 1,497,700 1,223,435
Total expenditure 815,667 757,381 1,573,047 1,322,636
Net (expenditure)/income
for the year 73,682 (96,259) (22,575) 35,997
Transfers between funds 12 (48,519) 48,519 - -
Net (expenditure)/income
for the year 7 25,163 (47,740) (22,575) 35,997
Balances brought forward
at 31 August 2023 2,243,339 1,273,172 3,516,511 3,480,514
Balances carried forward
at 31 August 2024 12/13 2,268,502 1,225,432 3,493,935 3,516,511

All of the above results are derived from continuing operations and include all gains and losses recognised in the period.

The notes on pages 16 to 30 form part of these financial statements.

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The 999 Club and Lady Florence Trust

Balance Sheet As at 31 August 2024

2024 2023
Notes £ £
Fixed assets
Tangible fixed assets 8 2,656,399 2,695,391
Current assets
Debtors 9 111,221 75,307
Cash at bank and in hand 796,168 829,190
907,390 904,497
Creditors: amounts falling
due within one year 10 (69,856) (83,379)
Net current assets 837,533 821,119
Total assets less current liabilities 3,493,935 3,526,698
Net assets 3,493,935 3,516,510
Funds
Unrestricted funds
General funds 785,421 760,258
Designated funds 1,483,081 1,483,081
12 2,268,502 2,243,339
Restricted 13 1,225,432 1,273,172
3,493,935 3,516,511

The notes on pages 16 to 30 form part of these financial statements.

Approved by the Board of Trustees on 10 February 2025 and signed on its behalf on 10 February 2025 by

Victoria Prouse Chair Company Number 0 4238295 (England & Wales)

Page 18

The 999 Club and Lady Florence Trust

Cash Flow statement

For the year ended 31 August 2024

2024 2023
Note £ £
Net cash (used in) provided by operating activities 16 (24,816) 77,094
Cash flows from investing activities:
Purchase of tangible fixed assets (8,206) (28,191)
Net cash (used in) investing activities (8,206) (28,191)
Net movement in cash and cash equivalents (33,022) 48,904
Cash and cash equivalents at the beginning of the
reporting period		 829,190 780,286
Cash and cash equivalents at the end of the
reporting period		 17 796,168 829,190

The notes on pages 16 to 30 form part of these financial statements.

There is no difference between the change in cash and cash equivalents and the change in net debt. The charity has no borrowings or finance lease obligations.

Page 19

The 999 Club and Lady Florence Trust

Notes to the financial statements For the year ended 31 August 2024

1. Accounting policies

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Companies Act 2006, the ‘Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

On the 4 December 2023, the Lady Florence Institute became a linked charity of The 999 Club and Lady Florence Trust as a result of a linking direction issued by the Charity Commission. For reporting purposes, the Lady Florence Institute forms part of The 999 Club and Lady Florence Trust following the linking direction and is presented separately within the funds note. The linking direction took effect for the whole of the 2023/24 financial year of The 999 Club and Lady Florence Trust.

The 999 Club and Lady Florence Trust previously prepared consolidated financial statements including the Lady Florence Institute as a subsidiary. Following the linking direction, consolidated financial statements are no longer required. In order to aid comparability within the financial statements, comparative figures aggregating both entities are reported

The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The Charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern

1.3 Company status

The charity is a company limited by guarantee. The members of the company are the trustees named in the financial statements. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. On the 4 December 2023, the Lady Florence Institute became a linked charity of The 999 Club and Lady Florence Trust as a result of a linking direction issued by the Charity Commission.

1.4 Donations and legacies

All donation income is included in the Statement of Financial Activities in the year in which it is received unless it is restricted income and has been received specifically in respect of expenditure to be incurred in a future accounting period in which case it is deferred.

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly allocated to particular headings they have been allocated to activities on a basis consistent with use of the resources. Salary costs have been allocated on basis of time spent.

Page 20

The 999 Club and Lady Florence Trust

Notes to the financial statements For the year ended 31 August 2024

1.6 Support Costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment.

Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs in respect to its compliance with regulation and good practice.

Support costs and governance costs are allocated based on an estimate of the time members spend on each activity.

1.7 Fundraising costs

All expenses relating to fundraising and publicity are charged to this heading.

1.8 Governance costs

fees.

1.9 Tangible fixed assets and depreciation

Freehold buildings are depreciated at 1% per annum. Deptford extension costs are depreciated over 10 years. Other capitalised refurbishment costs are depreciated over the length of the lease. Furniture, equipment and minibuses are depreciated over 5 - 10 years.

There is a capitalisation limit of £250, below which assets are not capitalised.

1.10 Funds

Restricted funds: These balances represent voluntary income or grants which have been received for the purposes set out in Note 12. The application of these funds is restricted by the expressed wishes of the donor or the terms of the grant.

.

Following the linking direction issued on 4 December 2024, the activities of Lady Florence Institute are now presented separately within un-restricted funds.

1.11 Pension Scheme

The charity has arranged a defined contribution pension scheme for members of staff. The assets of this scheme are held separately from those of the charity, being invested with an insurance company. Pension costs charged in the Statement of Financial Activities represent the contributions payable by the charity in the year.

1.12 Financial instruments

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 the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. The Charity has selected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Page 21

The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

1.13 Critical accounting judgements and key sources of estimation uncertainty

In the application of the Charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key estimates concern the useful economic life of fixed assets and the recoverability of debt. In addition, this year the appropriateness of the accounting treatment of the Lady Florence Institute becoming a linked charity of the 999 Club, is an area of critical judgement.

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The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

  1. Income resources include the following:

Charitable Activities

Charitable Activities
2024 2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Trust & Foundations 198,186 232,255 430,441 377,491
Statutory 71,508 17,391 88,899 15,437
Individuals 251,213 - 251,213 251,260
Corporates 28,560 - 28,560 3,309
Events 3,436 - 3,436 35,451
Community 384 - 384 14,491
Gift Aid 17,190 - 17,190 16,469
Other - - - 5,730
570,477 249,646 820,123 751,095

3. Expenditure on raising funds

2024 2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Staff costs 52,529 - 52,529 74,765
Direct costs 11,323 - 11,323 13,363
Centre costs 8,247 - 8,247 7,785
Support costs 3,249 - 3,249 3,288
75,348 - 75,348 99,201

In 2023/24 all expenditure on raising funds was unrestricted.

4. Charitable activities

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The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

2024 2024 2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Staff costs 346,013 627,994 974,007 818,958
Centre costs 128,288 66,673 194,961 132,429
Depreciation 17,010 30,188 47,198 50,917
Project costs 17,224 32,010 49,234 32,544
Miscellaneous costs - 83 83 -
Support costs 99,294 151 99,445 68,446
Governance costs (see note 4) 41,169 282 41,451 30,463
Lady Florence Institute 91,321 - 91,321 89,671
740,319 757,381 1,497,700 1,223,435

Support costs include general management and office costs which cannot be directly attributed to a cost category. Where support costs are funded by a restricted fund, the costs are allocated directly against that fund.

Unrestricted Restricted Total
funds funds 2023
£ £ £
Staff costs 369,279 446,679 818,958
Centre costs 85,628 46,801 132,429
Depreciation 20,729 30,188 50,917
Project costs 17,186 15,368 32,554
Miscellaneous costs - - -
Support costs 67,326 1,120 68,446
Governance costs (see note 4) 30,463 - 30,463
Lady Florence Institute 89,671 - -
680,280 543,156 1,223,435

Page 24

The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

5. Governance costs

Governance costs
2024 2024 2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Bank charges 1,870 - 1,870 2,661
Legal and professional fees 23,219 - 23,219 19,174
Audit and accountancy fees 16,080 - 16,080 17,794
41,169 - 41,169 39,629

6. Staff costs

2024 2023
£ £
Wages and salaries 898,336 800,494
Employers National Insurance 81,531 74,095
Pension costs 19,049 11,715
Recruitment costs 27,620 7,418
1,026,536 893,722

No trustees were reimbursed for expenses (2023: nil). No trustees received any remuneration in either year. In 2024 donations received from trustees was nil (2023: nil).

The number of employees who earned £60,000 per annum or more (including benefits but excluding pension contributions) during the year was as follows:

2024 No. 2024 No. 2023 No. 2023 No.
£60,001-£70,000 - - 1 1
£70,001-£80,000 1 1 - -

The key management personnel in charge of directing and controlling, running and operating the charity on a day-to-day basis comprise the Trustees, the CEO, the Head of Operations and the Head of Fundraising and Communications. The aggregate amount paid to key management personnel in the year was £212,318 (2023: £176,125).

The average number of staff employed by the charities in the year ended 31 August 2024 was 33 (2023: 28).

During the year no redundancy payments were made (2023: nil).

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The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

7. Net (expenditure)/income

Net (expenditure)/income for the year is stated after charging:

2024 2023
£ £
Auditors remuneration
current year audit fee		 13,300 13,400
Depreciation 47,198 40,729

Page 26

The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

8. Fixed assets

Fixed assets
Freehold Refurbishment Furniture Total
land and of centres and
buildings equipment
£ £ £ £
Cost
As at 31 August 2023 3,018,750 385,778 102,017 3,506,544
Additions - 6,996 1,210 8,206
As at 31 August 2024 3,018,750 392,774 103,227 3,514,750
Depreciation
As at 31 August 2023 426,854 322,775 61,525 811,153
Charge for year 30,188 10,074 6,936 47,198
As at 31 August 2024 457,041 332,849 68,461 858,351
Net book value
As at 31 August 2024 2,561,709 59,925 34,765 2,656,399
As at 31 August 2023 2,591,897 63,003 40,492 2,695,391

Included in freehold land and buildings is £1,000,000 relating to land which is not depreciated. The freehold land and buildings were valued on 31 December 2002 by Martin DeVarga Chartered Surveyors as they were brought into use for the first time.

The Trustees do not have a policy of revaluing the buildings in the financial statements. The historic cost of land and buildings is £2,239,258.

Following the linking direction on the 4 December 2023, the land and buildings previously held by the Lady Florence Institute have been transferred to the 999 Club.

Page 27

The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

9. Debtors

2024 2023
£ £
Trade debtors 57,761 24,612
Prepayments and accrued income 53,460 50,696
111,221 75,307

10. Creditors: Amounts falling due within one year

2024 2023
£ £
Trade creditors 22,171 23,553
Accruals and deferred income 27,097 35,830
Tax and Social Security 20,569 23,996
Other creditors 20 -
69,856 83,379

Page 28

The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

11. Analysis of net assets between funds Analysis of net assets between funds
Restricted Designated Designated Un- Un- 2024
999 Club 999 Club restricted restricted- Total
£ £ 999 Club Lady £
£ Florence
Institute
£
Tangible fixed assets 1,059,878 1,483,081 113,440 - 2,656,399
Net current assets 165,554 - 536,685 135,297 837,536
Net assets 1,341,872 1,483,081 650,125 154,047 3,493,935

The 999 Club and Lady Florence Trust previously prepared consolidated financial statements including the Lady Florence Institute as a subsidiary. Following the linking direction, consolidated financial statements are no longer required. In order to aid comparability within the financial statements, comparative figures aggregating both entities are reported, with the funds of Lady Florence Institute being shown separately within unrestricted funds from the start of 2023/24 in line with the linking direction.

Page 29

The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

12. Unrestricted funds

Unrestricted funds
Movement in funds
Balance Income Expenditure Transfers Balance
1 September 1 September between 31 August
2023 funds 2024
£ £ £ £ £
General fund - LFI 76,320 297,166 (91,321) (146,868) 135,297
General fund
999 Club		 683,936 592,183 (724,344) 98,349 650,124
Designated fund -
Property fund LFI 1,483,081 - - (1,483,081) -
Designated fund -
Property fund 999 Club - - - 1,483,081 1,483,081
2,243,338 889,349 (815,667) (48,519) 2,268,501
Unrestricted funds - LFI 1,559,401 297,166 (91,321) (1,629,949) 135,297
Unrestricted funds
999		 999
683,936		 592,183 (724,344) 1,581,430 2,133,204
Club
Total unrestricted funds 2,243,338 889,349 (815,667) (48,519) 2,268,501
The designated property fund is the value of the freehold property, excluding redevelopment costs, the value of The designated property fund is the value of the freehold property, excluding redevelopment costs, the value of
which is included within Tangible Fixed Assets. On the 7 December 2023, the land and buildings previously held
by the Lady Florence Institute have been transferred to the 999 Club.
Movement in funds
Balance Income Expenditure Transfers Balance
1 September 1 September between 31 August
2022 funds 2023
£ £ £ £ £
General fund
999 Club		 72,154 495,634 (505,171) 620,960 683,937
General fund
LFI		 66,557 284,433 (274,670) - 76,320
Designated funds - LFI
Lady Florence Flat
Refurbishment fund 100,000 - - (100,000) -
Lady Florence Hall
Refurbishment fund 515,000 - - (515,000) -
Property fund 1,483,081 - - - 1,483,081
2,098,081 - - (615,000) 1,483,081
Total unrestricted funds 2,236,792 780,067 (779,481) 5,960 2,243,338

The designated property fund is the value of the freehold property, excluding redevelopment costs, the value of which is included within Tangible Fixed Assets. On the 7 December 2023, the land and buildings previously held by the Lady Florence Institute have been transferred to the 999 Club.

Page 30

The 999 Club and Lady Florence Trust

Notes to the financial statements For the year ended 31 August 2024

13. Restricted funds

13.
Restricted funds		 Restricted funds
Movement in funds
Balance Income Expenditure Transfers Balance
1 September between 31 August
2023 funds 2024
£ £ £ £ £
999 Club
Volunteer Coordinator Volunteer Coordinator
9,133		 26,000 (36,889) 1,756 -
Employability
Linbury		 Linbury Linbury
47,646		 21,850 (40,140) - 29,356
City Bridge Advice
Worker 7,262 - (43,008) 35,746 -
Property Development Property Development
-		 79,200 (32,279) - 46,922
Women’s Space 19,467 15,000 (50,044) 15,578 -
Property
redevelopment redevelopment - - (30,188) 1,090,065 1,059,878
Bridge Café 69,135 349,667 (417,798) - 1,004
Move + 25,902 169,405 (107,487) - 87,820
Lewisham
Breakfast		 4,561 - - (4,561) -
LFI
Property 1,090,065 - - (1,090,065) -
redevelopment redevelopment
Total restricted funds Total restricted funds 1,273,172 661,122 (757,381) 48,519 1,225,432

Volunteer Co-Ordinator salary of Volunteer Co-Ordinator Employability Co-ordinator Contribution to salary for Employability service Women’s’ Space — a programme of activities i n our women’s sanctuary, a experiencing or at risk of experiencing homelessness.

Property redevelopment The fund was established in respect of the redevelopment of properties owned by The Lady Florence Institute in Deptford Broadway. On the 7 December 2023, the title of the land and buildings previously held by the Lady Florence Institute were transferred to the 999 Club. The transfer is represented in the funds note.

Bridge Café - an evening and weekend recovery-focused service for people experiencing mental health challenges. Move+- a peer coaching service for people who previously experienced homelessness.

Transfers between funds represent:

Capital Project 2 Capital expenditure on the building

Property redevelopment transfer in ownership of the land and buildings from The Lady Florence Institute, to the 999 Club.

Page 31

The 999 Club and Lady Florence Trust

Notes to the financial statements For the year ended 31 August 2024

13. Restricted funds

Movement in funds Movement in funds
Balance Income Expenditure Transfers Balance
1 September between 31 August
2022 funds 2023
£ £ £ £ £
999 Club
Personal Transition
Service 3,980 - - (3,980) -
Awards CRS 10,000 - - (10,000) -
Chairs 650 - - (650) -
Volunteer Coordinator Volunteer Coordinator
9,288		 36,694 (36,849) 9,133
Upgrade Gateway 431 (782) 352 -
Employability
Linbury		 Linbury Linbury
36,227		 63,654 (52,235) 47,646
LFI Expenses 3,480 - - (3,480) -
Employability
Pret		 Pret 18,658 - - (18,658) -
City Bridge Advice
Worker - 34,525 (27,263) - 7,262
Lewisham Winter
Appeal 4,603 - - (4,603) -
Property Development Property Development 6000 (41,060) 35,060 -
Women’s Space 36,151 40,500 (57,184) - 19,467
Bridge Café - 317,879 (248,744) - 69,135
Move + - 67,314 (41,412) - 25,902
Lewisham
Breakfast		 - 12,000 (7,439) - 4,561
LFI
Property
redevelopment redevelopment 1,120,253 - (30,188) - 1,090,065
Total restricted funds Total restricted funds 1,243,721 578,566 (543,155) (5,960) 1,273,172

Personal Transition Service - Contribution to salary of Asset Coach

Awards CRS To develop a programme to build participants confidence, resilience and skills Volunteer Co-Ordinator salary of Volunteer Co-Ordinator

Upgrade Gateway Health and Safety costs, recruitment of volunteers and expenses, cleaning services Employability Co-ordinator Contribution to salary for Employability service

Women’s’ Space — a programme of activities i n our experiencing or at risk of experiencing homelessness

Senior Advice Worker salary of Senior Advice Worker

Property redevelopment The fund was established in respect of the redevelopment of properties owned by The Lady Florence Institute in Deptford Broadway. Following the linking direction on the 4 December 2023, the land and buildings previously held by the Lady Florence Institute have been transferred to the 999 Club. The funds are included in tangible fixed assets.

Page 32

The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

Bridge Café - an evening and weekend recovery-focused service for people experiencing mental health challenges. Move+- a peer coaching service for people who previously experienced homelessness.

Transfers between funds represent:

Capital Project 2 Capital expenditure on the building

14. Commitments

The 999 Club and Lady Florence Trust had a no capital commitments of as at 31 August 2024 (2023: £Nil).

15. Related party transactions

Aside from the transactions set out in Note 6, there are no other related party transactions in the year. In the year ended 31 August 2023, related party transactions related entirely to transactions with its wholly owned subsidiary, the Lady Florence Institute. Following the linking direction, Lady Florence Institute was bought into the accounts of the 999 Club as a separate unrestricted fund, and so such transactions are not deemed to constitute related party transactions for the current year.

16. Reconciliation of net income/(expenditure) to net cash flow from operating activities

17.

2024 2023
£ £
Net (expenditure)/income for the reporting period (as
per the statement of financial activities) (22,576) 35,997
Adjustments for:
Depreciation charges 47,198 50,917
(Increase) in debtors (35,914) (18,900)
(Decrease)/increase in creditors (13,524) 9,080
Net cash (used in)/ provided by operating activities (24,816) 77,094
Analysis of cash and cash equivalents
2024 2023
£ £
Cash in hand 796,168 829,190
Total cash and cash equivalents 796,168 829,190

Page 33

The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

18. Comparative information

Unrestricted Restricted Total
funds funds 2023
£ £ £
Income from:
Donations and gifts 490,408 260,687 751,095
Contract Income - 317,879 317,879
Other trading activities:
Rental income 284,433 - 284,433
Interest Received 5,226 - 5,226
Total income 780,067 578,566 1,358,633
Expenditure on
Raising funds 99,201 - 99,201
Charitable activities 680,280 543,155 1,223,435
Total expenditure 789,668 532,968 1,322,636
Net income
for the year 586 35,411 35,997
Transfers between funds 5960 (5,960) -
Net income
for the year 6,546 29,450 35,997
Balance brought forward 1 September 2022 2,236,793 1,243,721 3,480,514
Balance carried forward 31 August 2023 2,243,339 1,273,172 3,516,511

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The 999 Club and Lady Florence Trust

~~TO~~ Notes to the financial statements For the year ended 31 August 2024

19. Linking Direction

On the 4 December 2023, the Lady Florence Institute became a linked charity of The 999 Club and Lady Florence Trust as a result of a linking direction issued by the Charity Commission. For reporting purposes, the Lady Florence Institute forms part of The 999 Club and Lady Florence Trust following the linking direction and is presented within separately within the funds note. The linking direction took effect for the whole of the 2023/24 financial year of The 999 Club and Lady Florence Trust.

The 999 Club and Lady Florence Trust previously prepared consolidated financial statements including the Lady Florence Institute as a subsidiary. Following the linking direction, consolidated financial statements are no longer required. In order to aid comparability within the financial statements, comparative figures aggregating both entities are reported.

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