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2020-08-31-accounts

ST ANDREW’S CLUB (A Company Limited by Guarantee)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

Registered Company No. 04900308 Registered Charity No. 1103322

ST ANDREW’S CLUB

CONTENTS

Page
Reference and administrative details 1
Mission statement and Chair’s report 2 – 5
Report of the Trustees 6 – 9
Independent examiner’s report 10
Statement of financial activities 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14 – 26

ST ANDREW’S CLUB

REFERENCE AND ADMINISTRATIVE DETAILS

President The Rt Hon the Lord Strathclyde CH PC
Vice Presidents Christabel Dimmock
Ray Mingay CMG
Peter Scott
The Earl of Selborne KBE DL FRS
Canon Christopher Tuckwell – deceased 26/06/20
Barry Walsh
Trustees James Bardolph
Elizabeth Cuffy Chair
Elizabeth Hitchcock
Stephen Oxley
Janette Parish
John Rhodes
Grazyna Richmond
Anthony Scott Deputy Chair
Christopher Sweeney
William Underhill
Gregory Watson Treasurer
Advisers Bill Andrewes
The Lord Brooke of Sutton Mandeville CH PC
Major General David Burden CB CVO CBE
Lionel Hoare
Key Management Annette Fettes – CEO
Sarah Nicholls – Youth Club Manager
Charity number 1103322
Company number 04900308
Principal office Alec Wizard House
12 Old Pye Street
London
SW1P 2DG
Telephone: 020 7222 6481
Email:info@standrewsClub.com
Website:www.standrewsClub.com
Bankers Barclays Bank PLC
Westminster Branch
2 Victoria Street, London SW1H 0ND
Solicitors Slaughter and May
One Bunhill Row, London EC1Y 8YY
Independent Examiner M Wilkes FCA
Azets Audit Services
2ndFloor, Regis House
45 King William Street
London EC4R 9AN

ST ANDREW’S CLUB

MISSION STATEMENT AND CHAIR’S REPORT

MISSION STATEMENT

St Andrew’s Club enriches young lives by providing young people of diverse backgrounds, from five to adulthood, with a safe, inspiring environment and an engaging programme of activities designed around the interests and needs of our members, in which to develop a sense of belonging, confidence, respect and purpose to help fulfil their potential.

OVERVIEW OF YEAR

The Club’s Membership and Programmes

The Club is open to all, with members paying only a very modest subscription for the Club’s own wide-ranging, full programme of activities, which until 18 March when the Club temporarily closed due to Covid-19, was offered to the children and young people who attend seven days a week: Senior Club Monday – Friday evenings; Junior Club on Monday and Wednesday evenings; 3 football teams fielded on Saturdays and Sundays. In addition, we hosted and ran programmes during school holidays through the day and into the evenings.

From 18 March – 20 July when the Club temporarily closed, we continued our mission to enrich young lives in Lockdown 1. Our 150 years of experience has taught us resilience and adapting to the times.

The Youth Worker team made check-in phone calls with members and their families and delivered activity packs to members and families in need. We developed “VirtualAndrew's” – a virtual Club which issued challenges to our members and built a varied store of content, with some ‘mirroring’ of our normal services, as well as some additions, including weekly cookery workshops, football training, fitness sessions, art classes and challenges. We reworked our website to include helpful links and content for members and parents, which we continued to update on our social media channels. We continued to support and develop our Youth Workers discussing all the exciting possibilities of content they could deliver and online training which helped with their own development as well as that of the Club. Much of this was through heavily collaborating with other youth organisations to share knowledge, ideas, best practice and digital training.

Particular successes include:

1

ST ANDREW’S CLUB

REPORT OF THE TRUSTEES

The Club’s Membership and Programmes (continued)

2

ST ANDREW’S CLUB

REPORT OF THE TRUSTEES

The Club’s Membership and Programmes (continued)

Last year there were 559 members registered.

In 2019/20 Senior Club membership aged 8-17 (due to Friday Night Club starting at aged 8) was 481 (308 male; 173 female). Male membership is traditionally higher, particularly because of our longstanding football programmes and Gym membership. We continue to introduce and champion activities that appeal to all genders, including female boxing and football, both of which remain strong. Overall membership is lower this year, largely due to Covid-19 and the restrictions this placed on our delivery and our ability to open all parts of the Club’s facilities.

Total Senior Club attendances, including Gym membership of 140 members, for the year were: 8,572 – 3,876 attendances down on last year. Again, we attribute this to the restrictions placed on our service due to Covid-19, particularly for our Summer Project, for which attendances were less than a quarter of the previous year, mainly due to the limited numbers of members we were allowed to welcome. Our Gym attendances were also greatly down due to the Gym being totally closed from end March until the new year began on 7 September 2020.

The Junior Club membership totalled 78 members, 35 female and 43 male - an increase of 29 on last year. To help increase our membership this year we ran a minibus collect/drop off service in January 2020. This was based on parent feedback and was a success until we closed in March due to Covid-19. We also ran Junior Club holiday provisions for the first time this year which provided much needed childcare/respite for parents, and which helped generate new membership.

Over 73% of our Junior and Senior Club members come from Westminster and over 69% live in social housing. We pride ourselves on having no defining affiliations with members representing a wide range of religions, ethnicities and backgrounds regularly attending the Club.

Club Building

We are fortunate to own the freehold of the Club building. This allows us to maximise the use of our Club space when it is not in use for our members through rentals to other organisations, both long term (St Matthew’s School, a performing arts school, a karate Club, SW1 Fitness, ‘One You’ and The Supreme Court football sessions) as well as one off bookings.

The disadvantages of owning the freehold are the regular maintenance bills. This year, urgent works included:

The Trustees have formed a Sub Committee to continue considering possibilities of maximising income from our freehold building, whilst improving our community offer, particularly now the Club’s integrated accommodation on the roof has been vacated. We have been privileged to have received pro-bono support from William Edwards and his team of architects, as well as a number of building consultants, pulled together by Grosvenor Estates, to work on feasibility, with a view to submitting a pre-planning application in due course. However, our priority is to keep the vital Club provision here locally in Westminster in our own premises, whilst ensuring any development is safeguarding-compliant.

3

ST ANDREW’S CLUB

REPORT OF THE TRUSTEES

The Club’s Management

With regular updates to the Trustees, Annette Fettes, Chief Executive, working closely with Sarah Nicholls, Youth Club Manager, continues to lead the Club ensuring income targets are met, expenditure is managed, governance and compliance are maintained to provide a wide-ranging youth provision for our members in a building which is fit for purpose. Through the unprecedent months of Covid-19, the priority has been on the health and safety of staff, members and hirers/users of the building, completing thorough Risk Assessments and implementing Covid19 precautions.

The Trustees took part in an Organisational Strategy Review day on 11 September 2020, led by Annette Fettes and facilitated pro bono by David Kelly, an organisational consultant. The vision was endorsed: ‘Enriching young lives’ and a business plan with KPIs was developed.

Fundraising and Financial Outlook

The funding climate remains tough and competitive, and Covid-19 has added much uncertainty to the planning of fundraising events, the consistency of our venue hire for rental income and the long-term value of funders’ investments. However, due to focused efforts from staff and Trustees, loyalty and flexibility from our many longterm hirers, and thanks to the extraordinary generosity of funders old and new we were pleased to end this difficult year with approximately three months’ unrestricted reserves which is in line with the guidance criteria from the Charity Commission.

I would like to thank our loyal and regular supporters, as well as those who are new to the work of the Club, for their invaluable financial assistance in helping us raise the necessary funds to finance our operating costs. Particular thanks go to those supporters who make regular and reliable unrestricted gifts, which contribute to our financial stability and long term, dependable income. Our annual membership is evidence of the great need for the Club in the local area, when other local youth provision is uncertain. We are not a commercial organisation, and only ask members for a small 50 pence an evening contribution to encourage a sense of ‘ownership’ and pride in the Club itself. We are a vital community asset, showing understanding and empathy to our young people, helping members and their families with a wide range of issues, as well as lending out our minibus to community groups and local families in need of a respite break.

A growing income stream has been developed from renting out space at the Club to hirers and enabling Personal Trainers to train their clients in the Gym. Both were hit hard from March, but with diligent risk assessments, Covid19 mitigations and agreements with all hiring parties, we were able to re-open the premises from the end of July 2020 and the Gym from the beginning of September 2020.

A structured income generation plan was developed which continues to build on the relationship with many of our key previous funders, as well as developing new income streams, including support from local businesses and individuals, increasing the number of regular givers to provide a valuable and reliable form of income and developing third party fundraising events to generate sponsorship income. We are delighted that Forsters LLP, a leading Mayfair law firm and Blue Orchid Hotel Group, part of Global Hospitality Services, continue to support the Club as their charity partner. We continue to remind supporters of the importance to the Club’s long-term sustainability of giving a gift in their will and were touched and honoured to receive a gift in the will of Miss Rachel Whittaker, local resident, former Councillor and long-time supporter and champion of the local SW1 community.

Our supporter communications continue to include The Chronicle three times a year, an e-newsletter six times a year and regular social media activity. Supporter communications preferences are adhered to via our cloud-based database, which also helps us maximise donor support and continuity.

We are pleased that friends of the Club have created the John Scott Fund, an independent fund with a particular mission to provide a degree of long-term financial security to the Club. The fund is a segregated account held within the Master Charitable Trust of Messrs Hoare Trustees (part of Hoare’s Bank). Supporters can subscribe to help prepare for the Club’s long-term sustainability. The ultimate intention is to grow this fund to also generate income from the preserved capital to enhance the Club’s core activities and facilities.

Key events during 2019/20

Yuletide Comfort and Joy - Christmas Carol Concert – 5 December 2020. This successful community fundraising event, raising nearly £4,000, was organised by, John and Glynis Billett. who are wonderful St Andrew’s supporters and local residents, with sponsorship from Knight Frank and Blue Orchid Hotels. The programme included: world class jazz singer Elaine Delmar, award winning Royal Academy of Music Connaught Brass Quintet, the Civil Service Choir and British broadcaster, Sue Lawley OBE. The renowned and talented Noel McCalla performed with Club member Scarlet, 15.

4

ST ANDREW’S CLUB

REPORT OF THE TRUSTEES

Key events during 2019/20 (continued)

By taking part in the annual Big Give Christmas Challenge in December 2019 we were able to fund the Junior Club from January 2020. Fifty-seven donors had their donations matched by the generous pledges from the Gledswood Charitable Trust, The Childhood Trust and four individual donors, raising a grand total of £22,651, including Gift Aid. This project is so important as Junior Club provides a stepping stone for local young people aged 5-9. The twice weekly Junior Club helps along the way of independence, friendships, learning new skills in a safe and secure environment. For over 14 years the St Andrew’s Junior Club’s trained staff and changing programme of activities has provided a feeder to the Senior Club. Following requests from parents 2020 saw the introduction of a free pick-up and drop-off minibus service.

President's Reception – 12 March 2020. Despite the growing coronavirus worries, 50 guests turned up for the annual President's Reception, and what was a wonderful, final ‘hurrah!’ before all the closures began in earnest. Lord Strathclyde spoke warmly of the Club and its work and our guest, the Lord Mayor of Westminster, Cllr Ruth Bush, highlighted the importance of St Andrew’s Club to the Westminster community:” There is knife crime, there is gang crime, there is gun crime. All of those things are deeply, deeply troubling and disturbing, and a place like St Andrew’s Club makes it possible to draw people away, who are at risk of being drawn in”.

By taking part in the first Champions for Children Big Give Challenge in June 2020 we were able to raise valuable unrestricted funds, helping us to continue delivering our provision against the uncertainties of Covid-19. Fortyeight donors had their donations matched by a generous pledge from Forsters Charitable Trust and The Childhood Trust, raising a grand total of £21,937, including Gift Aid. This project was vital to help us support our members, their families and our community through a varied programme of activities and, in response to Covid-19 Lockdown, an evaluation campaign to establish need, a strong virtual provision for members and advice to families.

Going concern and Covid-19

The Trustees have also considered the impact of the Covid-19 pandemic on the future viability of the charity. Since the end of March 2020, the charity’s activities have been seriously curtailed with our face-to-face youth provision much reduced and delivered virtually as much as possible during Lockdown periods. However, to respond to the continued need from our members, flexibility from staff to deliver differently and adapt has been exceptional and support from funders has been strong. Consequently, the Trustees have a reasonable expectation that the charity will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and therefore have prepared the financial statements on a going concern basis.

The Club has done extraordinary work this year in facing the exceptional challenges of the Covid-19 pandemic. The achievements and individual initiatives in this report show what a vital resource St Andrew’s is in such a difficult time for many local families I am grateful to all our supporters, and fortunate to have such a strong and committed Trustee board. All of us feel privileged to be involved with such an amazing management, staff and volunteer team. They are the people who make St Andrew’s such a great youth Club, enriching young lives, for all its members and our whole community.

………………………..….. Chair Elizabeth Cuffy Date: 25 January 2021

5

ST ANDREW’S CLUB

REPORT OF THE TRUSTEES

The Trustees present their report and financial statements for the year ended 31 August 2020. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS 102) in preparing the annual report and financial statements of charitable company.

The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 (FRS 102) published on 16 July 2017, as amended by Bulletin 1.

Objectives and activities

History

The Club was founded in November 1866 in Market Street, Soho to provide hostel accommodation for young men who had come to London in search of employment.

The Club’s premises were destroyed during the Blitz, and after the war, the Club raised fresh funds and moved to premises in Great Peter Street. In September 1984, following expansion, the Duke of Edinburgh opened the Club’s current purpose-built premises in Old Pye Street in which the Club holds the freehold interest.

Object

The objects, as set out in the Club’s Memorandum of Association, are to promote the mental, physical and spiritual well-being of young people resident or working in the City of Westminster, and the neighbouring district by the provision of a social, educational and sports Club.

The Club provides an evening Club, external residential opportunities and regular weekend sporting activities.

The Club encourages young people from all backgrounds to participate in structured programmes in an environment that engenders personal responsibility, self-respect and respect for others.

Achievements and Performance

The Club’s activities, achievements and performance for the year ended 31 August 2020 are set out in the Chair’s Report.

Financial review

The Club is not endowed financially and has to annually raise finance from external sources to fund its general operating running costs to remain open and to be staffed.

The financial year to 31 August 2020 has proved successful for the Club. It has raised significant funds from its very supportive sponsors and donors but it also controlled expenditure. The result was that the Club had net assets of £443,347 as at 31 August 2020 of which £183,158 were tangible fixed assets. This was a good performance against the backdrop of a challenging fundraising environment and the effects of Covid-19. The surplus for the year of £85,895 reflects, to a greater extent, the incredible support of our funders and donors as well as reduced expenditure due to months of Lockdown and reduced number of programmes at the Club. This surplus will help offset the deficit of last financial year due the Club’s major management restructure. We were pleased not to have had to furlough any staff. All part-time youth workers were given the opportunity to work during the Covid-19 Lockdown months, either preparing or delivering content for “VirtualAndrew’s” or undertaking relevant e-training.

The transactions and financial position of the Charity are set out on pages 11 and 13 of the financial statements. The activities of the Club in delivering its charitable objectives are detailed in the Chair’s report. Some details on income and expenditure and reserves policy are set out below:

  1. Income:

The Club’s total income for the year was £534,404 which was a decrease from £536,081 achieved in 2018/19. This figure included (a) £491,678 (2018/19: £464,611) received from numerous charitable trusts, other grant giving charities and individuals. Note 2 lists those donors (other than those that have requested to remain anonymous) who have given more than £3,000 during the year. 2019-20 saw a renewal of funding from some key supporters, to whom we are extremely grateful; (b) £32,762 (2018/19: £43,941) received from charitable activities during the year and (c) £9,964 (2018/19: £27,236) from other sources including fundraising events, rental and trading activities.

6

ST ANDREW’S CLUB

REPORT OF THE TRUSTEES

Financial review (continued)

2. Expenditure:

Expenditure decreased to £448,509 (2018/19: £590,688). The £142,179 decrease, was mainly due to lower staffing and running costs due to months of Lockdown and reduced numbers of programmes at the Club, whilst delivering youth engagement virtually where possible.

The Management Committee continues to review expenditure and to make efficiency savings where possible but in a manner that does not reduce the level of activities that the Club provides for its members.

3. Investment policy:

As with previous years, the Club has adopted a low risk investment approach and holds the majority of its reserves on deposit, albeit prevailing interest rates are and remain low.

4. Fundraising:

A bi-monthly sub-committee of the Management Committee continues to monitor how the Club raises funds.

Reserves policy

At 31 August 2020 the Club had Total Reserves of £443,347 made up of Unrestricted Funds of £347,896 and Restricted Funds of £95,451.

The Unrestricted Reserves of £347,896 represents Designated Reserves of £233,158 and General Reserves of £114,738. The Designated Reserves comprise £183,158 of a Fixed Asset Reserve and £50,000 as a Club Refurbishment reserve.

The General Reserves as at 31 August 2020 amounted to £114,738. It remains the Management Committee’s long held objective to ensure this balance is such that the Club has sufficient cash reserves to operate for an acceptable period in adverse circumstances. The Club aims to hold unrestricted free reserves equivalent to at least 3-6 months operating expenditure which is approximately £120,000 - £240,000, in addition to the Club Refurbishment reserve. We managed to double our free reserves over the last twelve months and we will continue in 2020/21 in rebuilding the General Reserves.

The £95,451 of restricted Funds held by the Club are to be spent in accordance with the wishes of the donor(s), although nearly two thirds of the restricted Funds are pledged towards youth worker salary and activity programme costs.

Plans for future periods

The Club continues to plan to run a number of activities in the year ahead, planning for virtual, as well as physical engagements, to build on the success of this year. In terms of the Club building maintenance there are plans to install a Covid-19 secure ventilation system in the basement Gym and Studio (to be generously funded by St Giles & St George Education Charity) and to improve the building’s security features including laminated security glass on the ground floor windows and a possible air lock security door at the main entrance.

On an ongoing basis work continues to explore maximising the return from the building to secure the Club’s future, including lettings to local businesses, schools and individuals. A structured income generation plan for 2020/21 has been developed which continues the relationship with many of our key previous funders, as well as developing new income streams, including support from local businesses and individuals, with both lifetime gifts and gifts in a will, increasing the number of regular givers to provide a valuable and reliable form of income, and developing our own, and third-party fundraising events to generate income.

7

ST ANDREW’S CLUB

REPORT OF THE TRUSTEES

Structure, governance and management

Constitution

The Club is a company limited by guarantee, registered number 04900308, having charitable status, charity number 1103322.

The Club is governed by its Memorandum and Articles of Association and has taken into account the provisions of the Charities Act 2011.

The Club is headed by the President, and the Club has five Vice Presidents. Our condolences to the family of former Vice President of the Club: Canon Christopher Tuckwell, who passed away on 26 June 2020.

The management of the affairs of the Club is vested in a Management Committee.

Each member of the Management Committee is also a Trustee of the Club and is a director for the purposes of the Companies Act 2006.

Trustees

The Trustees who served during the year and to date were:

James Bardolph – appointed 29 July 2020 Elizabeth Cuffy Elizabeth Hitchcock Steven Oxley Janette Parish John Rhodes Grazyna Richmond Anthony Scott Christopher Sweeney William Underhill Gregory Watson

The Club’s Articles of Association require that the number of members of the Management Committee must not be less than 3 nor more than 12. Not more than 10 members may be invited to serve by the Management Committee and two members by other organisations. At every Annual General Meeting half the members of the Management Committee must retire from office and each retiring member may offer themselves for reappointment.

Each Trustee is regularly invited to identify prospective candidate members of the Management Committee.

Policies and procedures are in place for the induction and training of Trustees.

The Management Committee met bi-monthly throughout the year.

The Club employs a full-time Chief Executive, Youth Club Manager, Deputy Club Manager, Office Manager, Head of Fundraising and Fundraising Officer, as well as 16 part-time paid youth workers, supported by more than 20 volunteers.

Public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Club’s aims and objectives and in planning future activities.

Risk management

The Trustees recognise their responsibilities with regard to risk management and to this end have endeavoured to ensure that the Club has adequate procedures and strategies that can monitor, eliminate or mitigate the risks faced. The Trustees have assessed the significance and likelihood of the risks to which the Club might be exposed, in particular those related to the operations and financial management of the Club, and they are satisfied that the Club has appropriate systems of control which mitigate exposure to the key risks that it faces.

8

ST ANDREW’S CLUB

REPORT OF THE TRUSTEES

Trustees’ responsibilities in relation to the financial statements

The Trustees (who are also directors of St Andrew’s Club 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 the year. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate 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.

On 7 September 2020, Wilkins Kennedy (trading as Wilkins Kennedy Audit Services) changed its name to Azets Audit Services Limited. The name they practice under is Azets Audit Services and accordingly have signed their report in their new name.

This report has been prepared in accordance with the Statement of Recommended Practice: ‘Accounting and Reporting by Charities’ and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to smaller entities.

Signed on behalf of the Trustees:

……………………….... Chair Elizabeth Cuffy Date: 25 January 2021

………………………….

Treasurer Gregory Watson Date: 25 January 2021

9

ST ANDREW’S CLUB

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS

I report to the charity Trustees on my examination of the accounts of the charitable company for the year ended 31 August 2020.

Responsibilities and basis of report

As the charity’s Trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitable company’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

I have completed my examination and confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. Accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

  2. The accounts do not accord with those records; or

  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 (FRS102).

M Wilkes FCA

Azets Audit Services 2[nd] Floor, Regis House 45 King William Street London EC4R 9AN

Date: 26 January 2021

10

ST ANDREW’S CLUB

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2020

INCORPORATING INCOME AND EXPENDITURE ACCOUNT

Unrestricted
Notes
Funds
£
Incoming from
Donations and legacies
2
348,194
Charitable activities
3
32,762
Other income generating activities
4
9,964
Investment income
5
-
_
Total income
390,920
_
Expenditure on
Raising funds
46,073
Charitable activities
280,557
_
Total expenditure
6
326,630
_
Net expenditure before other
recognised gains
64,290
Net (losses)/gains on investment assets
12
-
_
Net movement in funds before transfers
64,290
Transfers between fund
15
20,597
_
Net movement in funds after transfers
Fund balances brought
84,887
forward 1 September 2019
263,009
____
Fund balances carried
forward 31 August 2020
347,896
 Restricted
Funds
£
143,484
-
-
-
_
143,484
_
8,924
112,955
_
121,879
_
21,605
(880)
_
20,725
(20,597)
_
128
95,323
____
95,451
 Total
2020
£
491,678
32,762
9,964
-
_
534,404
_
54,997
393,512
_
448,509
_
85,895
(880)
_
85,015
-
_
85,015
358,332
______
443,347
 Total
2019
£
464,611
43,941
27,236
293
_
536,081
_
74,985
515,703
_
590,688
_
(54,607)
583
_
(54,024)
-
_
(54,024)
412,356
______
358,332

All transactions are derived from continuing activities.

All recognised gains and losses are included in the Statement of Financial Activities.

The notes on pages 14 to 26 form part of the financial statements.

11

ST ANDREW’S CLUB

BALANCE SHEET (Company number 04900308)

AS AT 31 AUGUST 2020

2020
Notes
£
Fixed assets
Tangible assets
10
Current assets
Stock
150
Debtors
11
24,536
Investments
12
18,090
Cash at bank and in hand
264,982
___
307,758
Creditors:Amounts falling
due within one year
13
(47,569)
__
Net current assets

Net assets

Represented by:
Unrestricted funds:
- Designated
14
233,158
- General
114,738
______
Restricted funds
15

Total funds
17		 2020
Notes
£
Fixed assets
Tangible assets
10
Current assets
Stock
150
Debtors
11
24,536
Investments
12
18,090
Cash at bank and in hand
264,982
___
307,758
Creditors:Amounts falling
due within one year
13
(47,569)
__
Net current assets

Net assets

Represented by:
Unrestricted funds:
- Designated
14
233,158
- General
114,738
______
Restricted funds
15

Total funds
17
2019
£
£
183,158
150
33,150
18,970
254,430
___
306,700
(110,012)
__
260,189
__

443,347
__

211,644
51,365
__
347,896
95,451
______

443,347
2019
£
£
183,158
150
33,150
18,970
254,430
___
306,700
(110,012)
__
260,189
__

443,347
__

211,644
51,365
__
347,896
95,451
______

443,347
£
161,644
196,688
__
358,332
__
263,009
95,323
__
358,332

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved on 25 January 2021

and signed on behalf of the Board by:

……………………………….. Chair Elizabeth Cuffy

……………………………….. Treasurer Gregory Watson

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ST ANDREW’S CLUB

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2020

The notes on pages 14 to 26 form part of these financial statements.

Notes
Cash flow from operating activities
18
Cash flow from investing activities
Payments to acquire tangible fixed assets
Sale of current asset investments
Interest received
Net cash flow from investing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at 1 September 2019
Cash and cash equivalents at 31 August 2020
Cash and cash equivalents consist of:
Cash at bank and in hand
Cash and cash equivalents at 31 August 2020		 Total
2020
£
57,666
(47,114)
-
-
_
(47,114)
_
10,552
254,430
_
264,982
_
264,982
______
264,982
 Total
2019
£
(283)
(27,475)
1,500
293
_
(25,682)
_
(25,965)
280,395
_
254,430
_
254,430
______
254,430

13

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

1.1 Basis of preparation

St Andrew’s Club is a company limited by guarantee in the United Kingdom. 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. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are set out on page 7.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS 102) issued on 16 July 2015, amended by Bulletin 1, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2016.

The financial statements are prepared in sterling which is the functional currency of the charity.

Going concern

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

After reviewing the charity's forecasts and projections and taking into account the economic conditions and possible changes in trading performance, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements.

The Trustees have also considered the impact of the Covid-19 pandemic Lockdown on the future viability of the charity. Since the end of March 2020, the charity’s activities have been seriously curtailed. At the date of approval of these financial statements, the full impact on the charity remains uncertain. This supports the view that the financial statements should be prepared on a going concern basis.

Consequently, the Trustees have a reasonable expectation that the charity will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and therefore have prepared the financial statements on a going concern basis.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Income

All income is included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

14

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES (continued)

1.3 Expenditure

1.4 Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

The analysis of these costs is included in note 7.

1.5 Funds accounting

Restricted funds – these are funds that can only be used for specific restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose.

Designated funds – these are funds set aside by the Trustees out of the unrestricted general funds for specific future purposes or projects.

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

1.6

Tangible fixed assets

Fixed assets for Charity use are capitalised at cost, where acquired, or market value as determined by the Trustees where donated. They are stated in the accounts at cost/original value less depreciation.

Depreciation is charged when the asset is brought into use and calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer equipment 25% straight line Fixtures and fittings 10% straight line General Club equipment 10% straight line Motor vehicles 25% straight line

No depreciation is provided on freehold land and buildings as required under FRS 102 as the Directors consider that any charge would be immaterial. They consider the residual value of the property to be in excess of the carrying value in the accounts and the property is well maintained and in a good state of repair.

15

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES (continued)

1.7 Investments

Investments are initially recognised at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains/ (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment. Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.

1.8 Stocks
Stocks are valued at the lower of cost and estimate selling price less costs to complete and sell. Cost
includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present
location and condition. Provisions are made for damaged, obsolete and slow – moving stock where
appropriate.

1.9 Debtors and creditors receivable / payable within one year

1.9 Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in expenditure.
1.10 Cash and cash equivalents
Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of
three months or less from the date of acquisition or opening the deposit or similar account.
1.11 Financial instruments
The charity only has assets and 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.
1.12 Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is therefore
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the
definition of a charitable company for UK corporation tax purposes
1.13 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 authorising these financial statements. The budgeted income and
expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
1.14 Judgements and key sources of estimation uncertainty
Accounting estimates and judgements are continually evaluated and are based on historical experience
and other factors, including expectations of future events that are believed to be reasonable under the
circumstances.

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 10 for the carrying amount of the property plant and equipment, and note 1.6 for the useful economic lives for each class of assets.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

16

ST ANDREW’S CLUB

REPORT OF THE TRUSTEES

2. INCOME FROM DONATIONS AND LEGACIES Unrestricted Restricted 2020 2019
£ £ £ £
Annette Duvollet Charitable Trust - 3,000 3,000 3,000
BBC Children in Need - 5,099 5,099 4,950
Bennett Lowell Ltd 6,500 - 6,500 7,000
Bernard Sunley Charitable Foundation 5,000 - 5,000 3,000
Big Give 2019 online donations to Junior Club - 8,316 8,316 -
Champions for Children 2020 online donations - 10,363 10,363 -
Cheetah – Pointless Production Company 1,250 - 1,250 -
City Bridge Trust - - - 5,000
DCR Allen Charitable Trust - - - 3,000
Drapers’ Charitable Trust - - - 10,000
Dudley and Geoffrey Cox Charitable Trust 10,000 - 10,000 5,000
Edward Harvist Trust - 5,000 5,000 3,000
Fieldrose Charitable Trust 2,000 - 2,000 -
Forsters Charitable Trust 6,700 - 6,700 -
Forsters LLP 8,446 - 8,446 3,468
Future Charity - - - 5,000
Garfield Weston Foundation 20,000 - 20,000 20,000
Grosvenor Living Community Fund via, The London
Community Foundation - - - 5,000
Guyll-Leng Charitable Trust - 5,000 5,000 -
Harrihill Foundation, via The London Community
Foundation 7,733 - 7,733 -
Hawthorne Charitable Trust 3,000 - 3,000 3,000
Henry Smith Charity 30,000 - 30,000 30,000
Hyde Park Place Estate Charity 5,000 - 5,000 5,000
Inner London Magistrates’ Court Poor Box - - - 5,000
Integrity International Trust - 7,205 7,205 -
John Lewis Partnership - 2,500 2,500 5,000
John Lyon’s Charity - 6,000 6,000 44,000
Joseph Strong Frazer Trust 1,500 - 1,500 1,000
Jupiter Asset Management 5,500 - 5,500 500
KBS Cap Ltd - - - 18,000
Kitchen Social, a Mayor’s Fund for London
programme - 4,000 4,000 -
Landsec, via The London Community Foundation - 6,649 6,649 -
Merriman Charitable Foundation 2,000 - 2,000 -
Microsoft Community Partners’ Fund, via The London
Community Foundation 14,000 - 14,000 -
Nigel Scott Will Trust 10,000 - 10,000 10,000
Octavia Foundation - - - 2,000
Oil Companies Int. Marine Forum 3,000 - 3,000 -
Peabody Community Fund via, The London
Community Foundation - 4,988 4,988 4,988
Pewterers’ Seahorse Charitable Trust - - - 3,000
Rachel Whittaker Legacy 11,250 - 11,250 -
Royal Society of St George, Westminster 1,000 - 1,000 1,000
St Giles & St George Education Charity (formerly
William Shelton Educational Charity) 10,000 - 10,000 13,000
Strand Parishes Trust 5,000 - 5,000 12,000
Swire Charitable Trust 15,000 - 15,000 15,000
The Childhood Trust 5,000 - 5,000 3,628
The Leathersellers’ Company 5,000 - 5,000 5,000
The Mercers’ Company - 5,000 5,000 10,000
The Rose Foundation - 5,000 5,000 5,000
The Society of Motor Manufacturers and Traders - - - 7,430
The Wogen Anniversary Trust 3,000 - 3,000 2,000
Transport for London – Minibus Scrappage Scheme - 3,500 3,500 -
Tuckerman Residential - 1,187 1,187 -
Westminster Abbey Dean & Chapter 20,000 - 20,000 5,659
Westminster Almshouses Foundation - 6,368 6,368 17,000
Westminster Amalgamated Charity 9,000 - 9,000 17,000
Westminster City Council 37,500 4,922 42,422 13,816
Westminster City Council Ward Budgets - 3,244 3,244 4,909
C/fwd 266,579 97,341 360,720 346,348

17

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

2.
INCOME FROM DONATIONS AND LEGACIES
(continued)
Unrestricted
Restricted
£
£
B/fwd
263,379
97,341
Westminster Foundation
-
17,000
Young England Kindergarten
-
-
Young Westminster Foundation
-
15,323
Major Donor
7,200
-
Major Donor
10,000
-
Major Donor
-
10,000
Sundry donations
49,075
3,820
Gift Aid receivable
18,540
-
_____
_____

348,194
143,484

 2020
£
360,720
17,000
-
15,323
7,200
10,000
10,000
52,895
18,540
_____

491,678
 2019
£
346,348
10,000
2,000
7,550
20,000
-
-
62,273
16,440
_____
464,611

In 2019, £196,000 of donations and legacies was attributable to the unrestricted fund, with the remaining £167,913 being attributable to the restricted fund.

3.

INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
Restricted
£
£
Club activities revenue
575
-
Canteen income
-
-
Rents receivable
26,697
-
Members’ subscriptions
5,488
-
Other income
4
-
_
_
32,764
-

 2020
£
575
-
26,697
5,488
4
____
32,764
 2019
£
2,137
774
32,897
8,133
-
____
43,941

In 2019, £35,292 of income from charitable activities was attributable to the unrestricted fund, with the remaining £nil being attributable to the restricted fund.

4.

OTHER INCOME GENERATING ACTIVITIES
Unrestricted
Restricted
£
£
Fundraising
9,962
-
____
_____
9,962
-
 2020
£
9,962
____
9,962		 2019
£
27,236
____
27,236

In 2019, £nil of fundraising income was attributable to the restricted fund and £58,505 to the unrestricted fund.

18

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

5.
INVESTMENT INCOME
Unrestricted
Restricted
£
£
Bank interest receivable
-
-
_
_
-
-		 2020
£
-
____
-		 2019
£
293
____
293

In 2019, £nil of investment income was attributable to the unrestricted fund.

6.
EXPENDITURE
Staff
costs
£
Raising funds
36,494
Charitable activities:
Promotion of mental and physical
wellbeing
202,285
____
238,779		 Direct
Support
costs
Costs
£
£
18,503
-
135,161
56,066
_
_
153,664
56,066		 Total
2020
£
54,997
393,512
_____
448,509		 Total
2019
£
74,985
515,703
_____
590,688

All costs are allocated between the expenditure categories noted above on a basis designed to reflect the use of the resource. Costs relating to a particular activity have been allocated directly; others have been apportioned on an appropriate basis, for example, time spent, per capita or floor area.

The Club’s secretarial and administrative costs represented 12.5% (2019: 10.4%) of its overall annual expenditure.

In 2019, £72,043 of the expenditure in relation to raising funds was attributable to the unrestricted fund with the remaining £6,258 being attributable to the restricted funds.

In 2019, £217,902 of the expenditure in relation to charitable activities was attributable to the unrestricted fund with the remaining £193,759 being attributable to restricted funds.

7
SUPPORT COSTS
Staff training costs
Finance
Office costs
Governance – Independent examiners’
remuneration
8
NET EXPENDITURE FOR THE YEAR
Net expenditure is stated after charging/ (crediting):
Depreciation of tangible fixed assets		 2020
£
7,164
659
43,923
4,320
_
56,066
_
2020
£
25,600
 2019
£
6,838
787
48,394
5,500
_
61,519
_
2019
£
17,708

19

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

9 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL

One Trustee appointed in error received remuneration and other financial benefits of £10,502 (2019: £nil). This comprised remuneration of the CEO from the date of appointment as a Trustee and therefore does not relate to the role of a Trustee. This appointment was resigned on 13 January 2020.

The Trustees were not reimbursed for expenses (2019: £nil). Insurance, including Trustee indemnity insurance, of £4,930 (2019: £4,930) was taken out during the year.

STAFF COSTS
Wages and salaries
Social security costs
Pension costs		 2020
£
228,413
6,903
3,463
____
238,779
 2019
£
330,259
20,342
3,766
____
354,367

The number of employees whose annual emoluments were £60,000 or more were:

£120,001 - £130,000 2020
No.
-
____
-
 2019
No.
1
____
1

The General Manager received remuneration of £nil (2019: £127,689. This included settlement pay of £70,000.)

The key management of the charitable company comprised the General Manager until 31 July 2019, Interim CEO from 1 May to 1 August 2019, CEO from 1 August 2019 and Youth Club Manager from 1 May 2019. The total employee benefits of the key management personnel of the charity were £77,438 (2019: £169,022).

The average number of full time, part time and sessional employees by headcount, analysed by function was:

Youth workers and teachers:
- Full time
- Part time
Management and administration:
- Full time
- Part time
Fundraising:
- Full time
- Part time		 2020
No.
2
21
1
1
1
0
____
26
 2019
No.
2
17
1
1
1
1
____
23

20

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

10. TANGIBLE FIXED ASSETS

COST
At 1 September 2019
Additions
At 31 August 2020
DEPRECIATION
At 1 September 2019
Charge
At 31 August 2020
NET BOOK VALUE
At 31 August 2020
NET BOOK VALUE
At 31 August 2019
11.
DEBTORS
Prepayments
Accrued income
12.
INVESTMENTS
At 1 September 2019
Disposals
Unrealised loss
Fair value at 31 August 2020		 Freehold
land &
buildings
£
52,864
-
_
52,864
_
-
-
_
-
_
52,864
_
52,864
_		 Fixtures &
fittings
General Club
equipment &
vehicles
£
£
106,067
137,203
12,714
29,613
_
_
118,781
166,816
_
_
68,629
69,534
6,703
18,782
_
_
75,332
88,316
_
_
43,449
78,500
_
_
37,438
67,669
_
_		 Computer
equipment
£
22,299
4,787
_
27,086
_
18,626
115
_
18,741
_
8,345
_
3,673
_
2020
£
10,443
14,093
_
24,536
_		 Total
£
318,433
47,114
_
365,547
_
156,789
25,600
_
182,389
_
183,158
_
161,644
_
2019
£
15,789
17,361
_
33,150
_
Total
2020
£
18,970
-
(880)
_
18,090
_
_
__
__
The investments are held in Barings UK Income PlusTrust and relate to the Jim Scott Bursary The investments are held in Barings UK Income PlusTrust and relate to the Jim Scott Bursary restricted
fund (note 15).
2020 2019
£ £
Historical cost at 31 August 2020 13,106
____		 13,106
____

21

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

13.
CREDITORS:Amounts falling due within one year
2020
£
Other creditors
29,404
Accruals
9,646
Deferred income
8,519
_
47,569
_
Deferred Income
2020
£
At 1 September 2019
47,807
Released in year
(47,807)
Deferred in year
8,519
_
At 31 August 2020
8,519
_
14.
DESIGNATED FUNDS
Balance
New
Designations
1 Sep
2019
Designations
Released
£
£
£
Fixed asset reserve
161,644
-
21,514
Club refurbishment
50,000
-
-
_
_
____
211,644
-
21,514


 2019
£
47,365
14,840
47,807
_
110,012
_
2019
£
8,000
(8,000)
47,807
_
47,807
_
Balance
31 Aug
2020
£
183,158
50,000
____
233,158

The designated funds are reserves put aside for future expenditure on Club refurbishment. The Trustees will consider this expenditure once the general reserves have reached the level as set out in the policy.

22

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

15.
RESTRICTED FUNDS
Balance
Transfers &
1 Sep
2019
Income
Expenditure
Unrealised
gains
£
£
£
£
Jim Scott Bursary Fund
18,970
-
-
(880)
Junior Club
12,670
20,995
(8,364)
-
Summer Project
1,080
6,000
(5,423)
-
Deputy Manager Youth Worker
salaries
26,690
-
(26,690)
-
Minibus
6,846
13,500
(5,912)
(14,434)
Arts and Crafts
1,152
-
-
-
Special Effects course
50
-
-
-
Thursday Night activities
1,800
-
-
-
Cookery programme: Tuesday
Nights
6,686
-
(3,844)
-
Wednesday Night activities
240
-
-
-
Monday Night activities
1,904
-
(1,904)
-
Music programme
1,426
3,000
(360)
-
Friday Night activities
6,632
7,205
(2,495)
-
Greenpower project
4,070
-
(886)
-
Fashion project
2,000
-
-
-
Club activities
3,081
-
(3,081)
-
Youth Development Team
-
16,649
(8,781)
-
Youth Development Team
residential
Part time Youth Worker salaries
Christmas activities
Photography
Flip Out Trip Out
Outreach
Spring Chronicle
Cookery programme: Wednesday
Nights
Flooring
Covid-19 costs
Summer Chronicle
Kitchen Social
Table Tennis Table
Air Conditioning
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,988
5,000
2,000
2,994
250
7,823
422
5,099
10,000
26,368
362
4,000
1,279
4,922
(4,988)
(5,000)
(1,452)
(2,994)
(250)
(4,203)
(422)
-
(9,896)
(21,997)
(362)
(1,883)
(25)
(13)
-
-
-
-
-
-
-
-
-
-
-
-
(1,254)
(4,909)
Other small funds fully spent in
year
26
628
(654)
-
_
_
_
_
95,323
143,484
(121,879)
(21,477)		 Balance
31 Aug
2020
£
18,090
25,301
1,657
-
-
1,152
50
1,800
2,842
240
-
4,066
11,342
3,184
2,000
-
7,868
-
-
548
-
-
3,620
-
5,099
104
4,371
-
2,117
-
-
-
____
95,451

23

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

15. RESTRICTED FUNDS (continued)

Jim Scott Bursary Fund - was established to replace bursaries given to individuals for educational purposes by a connected charity. The restricted fund takes the form of an investment portfolio, and the income as well as any gain on the asset is restricted in use. The transfers and unrealised losses are made up of an unrealised gain of £880.

Junior Club – this was much reduced due to Covid-19. Remaining funds from M&G Investments and Big Give Christmas Challenge 2019 will be used in the coming year.

Summer Project – remaining funds received from John Lyon's Charity to provide a Junior Club summer activity programme during July/August. The remaining funds will be used in the coming year.

Cookery Programme: Tuesday Nights – this was put on hold due to Covid-19. Remaining funds received from the Young Westminster Foundation will be used in the coming year.

Music Programme – this was put on hold due to Covid-19. Remaining funds received from Annette Duvollet Charitable Trust will be used in the coming year.

Friday Night Activities - this was much reduced due to Covid-19. Remaining funds received from Integrity International Trust will be used in the coming year.

Greenpower Project – this was put on hold due to Covid-19. Remaining funds received from Society of Motor Manufacturing & Traders will be used in the coming year on the kit electric car project.

Youth Development Team - this was much reduced due to Covid-19. Remaining funds received from Young Westminster Foundation will be used in the coming year.

Outreach - this was put on hold due to Covid-19 and the remaining funds received from Young Westminster Foundation were approved by the funder to tuse towards the hire of external football pitches for our 3 football teams as Covid-19 restrictions allow.

Cookery programme: Wednesday Nights – although much adapted to virtual delivery, this was much reduced due to Covid-19. Remaining funds received from BBC Children in Need will be used in the coming year.

Covid-19 costs – these were new funds to support adapting our services to Covid-19 and delivering differently. Remaining funds received from Westminster Almshouses and Mercers’ Charitable Fund will be used in the coming year.

Kitchen Social – these were new funds to provide food for members and families during holiday projects. Remaining funds received from the Kitchen Social (the Mayor London’s Fund) will be used in the coming year.

Other restricted funds with small balances, of £2K or less, carried forward to 2020-21 include grants from:

Other restricted funds include donations received for specific purposes that have been fully expensed in the year.

Other transfers relate to restricted expenditure that has been capitalised as fixed assets, and the undepreciated balance returned to unrestricted funds.

24

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

15.1
RESTRICTED FUNDS – PRIOR
YEAR
Balance
1 Sep
2018
£
Jim Scott Bursary Fund
19,887
Gym and Boxing Club
1,300
Junior Club
13,117
Summer Project
3,000
Lift refurbishment
385
Deputy Manager Youth Worker
salaries
34,876
Minibus
8,040
Arts and Crafts
1,202
Special Effects course
50
Thursday Night activities
7,484
Cookery programme
1,325
Wednesday Night activities
1,076
Photography programme
1,259
Aerospace work experience
300
Gym Floor refurbishment
4,000
Monday Night activities
-
Music programme
-
Friday Night activities
-
Youth activities programme
-
Residential activities
-
Greenpower project
-
Fashion project
-
Club activities
-
Photocopier
-
Pump Repairs
-
Supreme Court Catering
-
Other small funds fully spent in
year
-
____
97,301		 Transfers &
Unrealised
Balance
Income
Expenditure
Unrealised
gains
31 Aug
2019
£
£
£
£
-
(1,500)
583
18,970
2,348
(3,648)
-
-
9,500
(9,947)
-
12,670
9,300
(11,220)
-
1,080
-
(385)
-
-
51,500
(59,686)
-
26,690
24,000
(25,194)
-
6,846
-
(50)
-
1,152
-
-
-
50
-
(5,684)
-
1,800
9,900
(4,539)
-
6,686
-
(836)
-
240
-
(1,259)
-
-
-
(274)
-
26
5,000
(9,000)
-
-
7,000
(5,096)
-
1,904
3,000
(1,574)
-
1,426
14,170
(7,538)
-
6,632
10,000
(10,000)
-
-
4,988
(4,988)
-
-
7,430
(3,360)
-
4,070
2,000
-
-
2,000
6,500
(3,419)
-
3,081
19,125
(19,125)
-
-
14,316
(14,316)
-
-
3,468
(3,468)
-
-
4,060
(4,060)
-
-
_
_
_
_
207,605
(210,166)
583
95,323

25

ST ANDREW’S CLUB

NOTES TO THE FINANCIAL STATEMENTS

16. RELATED PARTY TRANSACTIONS

There are no related party transactions in the year to 31 August 2020 (2019: none).

17. ALLOCATION OF NET ASSETS BETWEEN FUNDS

The funds of the charity are represented by the following net assets:

Unrestricted
£
Fixed assets
183,158
Current assets
212,307
Current liabilities
(47,569)
______
347,896
 Restricted
£
-
95,451
-
____
95,451
 Total
£
183,158
307,758
(47,569)
______
443,347

17.1. ALLOCATION OF NET ASSETS BETWEEN FUNDS – PRIOR YEAR

Unrestricted
£
Fixed assets
161,644
Current assets
211,377
Current liabilities
(110,012)
______
263,009
 Restricted
£
-
95,323
-
____
95,323
 Total
£
161,644
306,700
(110,012)
______
358,332

18. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the year
Interest receivable
Loss/(gain) on investments
Depreciation of tangible fixed assets
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash flow from operating activities		 2020
£
85,015
-
880
25,600
8,614
(62,443)
____
57,666
 2019
£
(54,024)
(293)
(583)
17,708
(15,949)
52,858
____
(283)

19. POST BALANCE SHEET EVENTS

In 2020 the world was shaken with the onset of Covid-19. The Trustees have assessed the operational and financial impact on the charity in the Trustees’ Report on page 6 and in the going concern statement on page 14.

26