TRUSTEES' REPORT AND FINANCIAL STATEMENTS (UNAUDITED) FOR THE YEAR ENDED 31 AUGUST 2024
St Andrew’s Club Company Limited by Guarantee, Number 4900308 Registered Charity Number 1103322
ST ANDREW'S CLUB (A company limited by guarantee)
TABLE OF CONTENTS
| Reference and administrative details of the Company, its | 2 |
|---|---|
| Trustees and advisers | |
| Trustees' report | 3-13 |
| Independent examiner's report | 14 |
| Statement of financial activities | 15 |
| Balance sheet | 16-17 |
| Statement of cash flows | 18 |
| Notes to the financial statements | 19-36 |
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REFERENCE AND ADMINISTRATIVE DETAILS
President The Rt Hon the Lord Strathclyde CH PC Vice Presidents Christabel Dimmock Vicky Fox Ray Mingay CMG Peter Scott The Very Reverend Dr David Hoyle MBE William Palmer, 5[th] Earl of Selborne Barry Walsh Fr Slawomir Witoń Trustees James Bardolph Elizabeth Cuffy Chair Colin Hammond Elizabeth Hitchcock Stephen Oxley Janette Parish Grazyna Richmond Anthony Scott Deputy Chair Christopher Sweeney William Underhill Gregory Watson Treasurer Advisers Bill Andrewes Lionel Hoare Key Management Sarah Nicholls – CEO Adrian Phillips – 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 James Cowper Kreston Examiner Chartered Accountants and Statutory Auditor The White Building, 4 Cumberland Place, Southampton SO15 2NP
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St Andrew’s Annual Report 2023-2024
TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024
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 has eight Vice Presidents.
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 Grazyna Richmond Elizabeth Cuffy Anthony Scott Colin Hammond Christopher Sweeney Elizabeth Hitchcock William Underhill Stephen Oxley Gregory Watson Janette Parish
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.
Trustees are appointed for an initial term of three years, which may be extended as many times as the Trustee wishes, subject to their reappointment at the AGM following the expiry of each term.
The Management Committee met bi-monthly throughout the year. 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 and a Trustee Handbook was written and approved in July 2021.
The Club employs a full-time Chief Executive, Youth Club Manager, Deputy Club Manager, Digital Lead Youth Worker, Office Manager, Head of Fundraising and Development and a Fundraising Officer, as well as 15 part-time paid youth workers, supported by more than 20 volunteers.
A Training & Development Policy for staff was written in May 2021 and updated in May 2023.
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STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)
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.
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.
OBJECTIVES
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.
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.
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St Andrew’s Annual Report 2023-2024
OVERVIEW OF YEAR
Club Membership
Over the past 12 months St Andrew’s has supported over 400 children and young people and 114 members of the Gym. There were 15,473 individual attendances across all members.
Senior Club and Gym membership attendances totalled 13,660. Male membership is traditionally higher, particularly because of our long-standing football programmes and Gym membership. Whilst male memberships are higher, female members account for a higher amount of individual regular attendances. We continue to introduce and champion activities that appeal to all genders, including female boxing and football, both of which remain strong.
The Junior Club membership attendances totalled 1,813. Our regular Junior Club holiday programmes which provide much needed childcare/respite for parents, helped generate new membership.
Over 75% of our Junior and Senior Club members come from Westminster and over 50% are in receipt of Free School Meals. We pride ourselves on having no defining affiliations with members representing a wide range of religions, ethnicities and backgrounds attending the Club.
Monitoring and Evaluation
The Club developed a Theory of Change in partnership with other Westminster based Youth Hubs and the Young Westminster Foundation, the Club’s main outcomes are; developing new skills; improving physical health; positive wellbeing; reducing social isolation and exploring new opportunities and experiences.
Throughout the year, young people completed regular voting style surveys of 3-4 questions based on the Club’s outcomes. This provides valuable feedback from members to ensure that we are supporting them to meet the outcomes set out in the Theory of Change and highlights any gaps.
In our last Member’s survey young people told us that:
84% of young people feel relaxed at the Club
80% of young people reported improved problem-solving skills 85% of young people said they had tried something new at St Andrew’s 93% of young people feel they can talk to St Andrew’s staff if they have problem
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ACTIVITIES AND ACHIEVEMENTS
Staff Training and Development
St Andrew’s Club Youth Development programme provides learning and training for older Members who want to gain hands-on work experience. Members aged 15+ can help as volunteers one evening each week, to develop their practical skills and work experience, and they may then progress to a paid staff role. They are supported to gain essential qualifications including Levels 1 and 2 in Youth Work, Level 1 in Football, and Level 1 in Mentoring Young People. They gain essential work experience which can help them secure employment in the future.
Over the last 12 months, ten young people took part in the Youth Development Programme, including three new participants. All gained qualification or formal training, including in First Aid and sports coaching. Over 65% of our current youth workers were former Members – this programme ensures the club remains rooted in the local community we serve and provides a clear pathway of employment to young people.
A particular success of the last 12 months is Mollie 19, our Office Manager. Mollie began volunteering as a Youth Worker at the Club aged 15. Over the next two years Mollie went on to become a part time Youth Worker and completed her level 1 and two Youth Worker qualifications while studying full time. After two years as a Youth Worker, Mollie was ready for a new challenge and the Club was delighted when she accepted the role of Office Manager. Mollie says:
“I have been offered many unforgettable opportunities. I was asked to give a speech on behalf of St Andrew’s, for London Youth & The Prince’s Trust, at Buckingham Palace.
My passion and dedication for St Andrew’s has never gone unnoticed by the Club Manager. I have gained many great social skills and have most definitely gained lots of knowledge on the Club and what we do.
When I had decided that I was ready to take a step further and leave youth work, I was offered the Office Manager role here at St Andrew’s. Now I am 19, working closely with the CEO to support the day-to-day management of the Club and facilities, I’m helping to support the continuation of St Andrew’s behind the scenes. I could not be more grateful for the skills and lessons that St Andrew’s has taught me throughout my life.”
Community Partnerships
The Club continued to work closely with other agencies to be able to provide a wide range of specialist services to ensure we reach vulnerable young people. We work with the Integrated Gangs and Exploitation Unit and the Bessborough Family Hub to support vulnerable young people and their families. We also work closely with Westminster Councils Short Breaks team to support access to the Club for young people with additional needs. Having access to our services, especially during the holidays, often offers respite to families whose children find accessing extra-curricular activities challenging. Many of the families who have been introduced to the Club by community partners now attend regular sessions.
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Cost of Living Response
Food Support: Many of the children at the Club come from families on low income who have been impacted by the ongoing cost-of-living crisis, particularly rising food prices. The Club provides a hot and nutritious meal at afterschool activities five days a week and during the school holiday programme. Additional food support was offered during school holidays, the Mayors Fund for London provided recipe boxes for families to use at home to cook family meals, as well a weekly Food Bank, supported by The Felix Project.
School Uniform Bank : The club hosts a School Uniform Bank, to provide children to with new or good condition second-hand uniforms, for families struggling on low incomes. We have partnered with other local charities for referrals, including the Cardinal Hume Centre, to ensure we can support as many children as possible. Over 100 children were given school uniform during the year.
Mental Health and Wellbeing
The Club is committed to supporting young people with their mental health. Through our partnership with MIND, a specialist Mental Health Youth Worker attends the Club once a week to make sure young people at St Andrew’s felt supported and cared for. They worked with young people to develop open communication and help raise awareness of mental health among young people, encouraging understanding and removing the stigma around mental health. The Club’s Mental Health Youth Worker also offered one-on-one support for young people.
“Promoting positive mental health for young people is more important than ever – peer pressure, social media and school life can make things tough for children and teenagers. I am here to give young people at the Club someone to talk to and additional support if they are finding things difficult.”
- Julia, Mental Health Youth Worker
SENIOR CLUB, AGES 9-11
St Andrew’s Senior Club is for young people aged 9-18. The Senior Club offers a full afterschool and holiday programme of sports, creative, skills-building and well-being activities.
Sports and Physical Activity
Sports and Physical Activity were a vital part of St Andrew’s, over the last year and there were sports activities happening seven days a week.
We offered five football training sessions each week and fielded three football teams in weekend leagues, mixed boxing and basketball sessions twice a week and a weekly yoga session. For those who preferred to take part in less traditional activities, we offer weekly roller discos, played Zorb football and archery. The sports programme encourages teamwork, a healthy lifestyle, builds friendships and a sense of community.
The Club’s community Gym is available to both under and over 18’s. With a low annual fee that ensures the Club supports the wider community to stay physically active.
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St Andrew’s Annual Report 2023-2024
Cookery
Cooking is a hugely popular with young people. Every week, we run structured weekly food-based projects to ensure that young people learnt key cooking and budgeting skills.
Each week, the children prepared a meal of their choice and learnt key skills including food hygiene; cutting and chopping; nutritional information; meal planning and food budgeting. All skills which they applied to cooking both meals and sweet treats to share with their peers. These sessions helped members to grow in confidence and feel a sense of ownership and contribution to the food served the Club. Each week, up to 20 young people took part in structured cooking workshops.
Arts and Crafts
Arts and Crafts continued to be a regular part of our programme. These sessions encourage creativity and were young people led, meaning that young people could request activities they like such as Cartoon art or designing pencil cases. Graffiti art is consistently one of our most popular sessions.
Skills-Based Learning Workshops
Skills-Based Learning Workshops are designed to help young people develop a wide range of skills to compliment the school curriculum. Over the last year we have offered a variety of projects: Bike maintenance with Roy (a Royal Engineer); Hair Care and music workshops with MIND.
Girls Group
In September 2023, the Club launched a weekly Girls Group that is focused on improving the wellbeing of girls aged 9-14.
The weekly sessions are centred around a fun activity to encourage participation. The activities are young people led, the girls’ group brainstorm the activities they would like to participate in and develop a plan for the term. Activities include arts and crafts, skincare, nail decorating, board games and gymnastics.
Before the group acivity, Youth Worker Louise leads a group discussion on topics that are impacting the girls in the group. They can be raised in the group or via anonymous suggestion box. Topics have included: transition from primary to secondary schools; friendship and relationships and female health.
The weekly sessions create a space for discussion and peer support and to increase girls’ confidence and self-esteem as they become teenagers. The weekly Girls Group is extremely popular and around 20 girls attend on a regular basis.
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School Holiday Programme
St Andrew’s runs throughout the school holiday, with a full range of sports, learning and wellbeing activities and day trips. Over the last year, young people have enjoyed swimming at West Wittering beach, kayaking on the Thames, petting animals at a farm, visiting theme parks and much more.
St Andrew’s holiday programme gives young people a safe space to develop outside school and provides respite for parents and carers, as many struggle to get time off work during the school break.
Residential Trips
The Club ran two residential trips last year. In the October half-term, young people enjoyed a five-day residential trip to Hindleap Warren. / They took part in challenge activities such as tree climbing, archery, axe throwing, abseiling and much more.
In the Easter Holidays, on a three-night residential at St Briavels Castle, young people took part in raft-building, fencing, kayaking and enjoyed learning all about the history of this medieval castle.
By providing the opportunity for young people to experience nature, St Andrew’s aims to expand young people’s life experiences and push them out of their comfort zone. Young people learn key skills such as teamwork, communication and
confidence. These essential skills provide the foundation for young people, to continue their personal development and become capable adults.
“I learnt patience as well as confidence and how to face my fears” -Young person
JUNIOR CLUB, 5-9
Junior Club provides children aged 5-9 with essential learning opportunities to support their development outside of school.
Open Wednesday and Friday, 6-8pm during the school term and across all the school holidays, Junior Club supports young children at the early stages of their development. Through weekly creative workshops, board games, food sessions and sports, children develop their social, teamwork and problem-solving skills and stay physically active.
In our annual survey, parents told us that Junior Club has supported their child’s development
94% of parents said that their child has built their social skills 87% said that they and/or their child felt a sense of community 94% of parents said that their child had learnt something new
“The Club has had a major impact on my child’s life…Learning new skills, taking part in activities that really helped build confidence, making friends and socialising. We are lucky to have such a wonderful place, and the staff are fantastic” - Parent
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The Club has once again done extraordinary work this year. The achievements and individual initiatives in this report show what a vital resource St Andrew’s is 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.
FUNDRAISING AND FINANCIAL OUTLOOK
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The funding climate remains challenging. Trusts and Grants fundraising has become increasing competitive, with many larger Trust closing funding for organisational strategic reviews. However, due to focused efforts from staff and Trustees, loyalty from long-term hirers, and thanks to the extraordinary generosity of funders old and new we were pleased to end the year with approximately £688,650 unrestricted reserves, which the Trustees considers to be reasonable.
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We continued to follow our income generation plan, building on relationships with existing funders for long-term sustainability. We have forged deeper relationships with corporate partners over the last year with many delivering in house fundraising events for the Club. Third party challenge events continued to be popular with both corporate partners and individual supporters taking on challenges for the Club.
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Particular thanks to 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. We are particularly grateful to individual supporters who make regular and reliable unrestricted gifts, which contribute to our financial stability.
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Regular hirers including personal trainers, youth groups and other charities have provided a sustainable source of unrestricted income across the year.
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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.
Going concern
- The Trustees have also considered the impact of the current financial landscape on the future viability of the charity. 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.
Financial review
The Club is not endowed financially and must 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 2024 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 £885,086 as at 31 August 2024 (2023: £721,462) of which £133,802 (2023: £155,481) were tangible fixed assets. This was a good performance against the backdrop of a challenging fundraising environment. The surplus for the year of £163,624 (2023: £97,824) reflects the incredible support of our funders and
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donors. This surplus has helped to grow our general reserves, which represents over six months’ running costs.
The transactions and financial position of the Charity are set out on pages 14 to 36 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 £705,832 which was an increase from £642,212 achieved in 2022-23. This figure included £618,760 (2023 £541,052) received from numerous charitable trusts, other grant giving charities and individuals. Note 4 lists those donors (other than those that have requested to remain anonymous) who have given more than £500 during the year. 2023-24 saw a renewal of funding from some key supporters, to whom we are extremely grateful; £67,916 (2023: £69,283) received from charitable activities during the year and £19,156 (2023: £31,877) from other sources including fundraising events, rental, and trading activities.
2. Expenditure:
Expenditure increased to £545,109 (2023 £544,388). A small increase of £720.
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.
A St Andrew's Club Financial Process and Controls Policy was approved in March 2022 and reviewed in March 2023.
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 remain low. The Club is seeking alternative low-risk savings accounts.
4. Fundraising:
A bi-monthly sub-committee of the Management Committee continues to monitor how the Club raises funds.
Reserves policy
At 31 August 2024 the Club had Total Reserves of £882,185 (2023: £721,462) made up of Unrestricted Funds of £688,650 (2023: £534,625) and Restricted Funds of £193,535 (2023: £186,837).
The Unrestricted Reserves of £688,650 (2023: £534,625) represents Designated Reserves of £356,495 (2023: £356,495) and General Reserves of £332,155 (2023: £178,130).
The Designated Reserves comprise £173,521 (2023: £173,521) of a Fixed Asset Reserve, £50,000 (2023: £50,000) as a Club Refurbishment reserve and £132,974 (2023: £132,974) for Energy Saving Improvements.
The General Reserves as at 31 August 2024 amounted to £332,155 (2023: £178,130). It remains the Management Committee’s long held objective to ensure this balance is such that
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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 £150,000 to £300,0000 (2023: £146,000 - £291,000), in addition to the designated funds. With General Reserves now representing over 6 months’ budgeted running costs, we have been successful in 2023-24 in maintaining the General Reserves.
The £193,535 (2023: £186,837) 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.
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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: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2016 (FRS 102)., make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements-, prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company wi51 continue in operation. 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. 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 Acl 2006 relating to smaller entities. Signed on behalf of the Trustees: /fv Chal Elizabeth Cuffy Date: Treasurer Gregory Watson Date: Page 13
ST ANDREW'S CLUB (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Independent examiner's report to the Trustees of St Andrew's Club ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
Responsibilities and basis of report
As the Trustees of the Company (and 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 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 the Company's accounts 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 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 ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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 (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated:
Michael Bath James Cowper Kreston 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB
BSc FCA DChA
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ST ANDREW'S CLUB
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024
| Note Income from: Donations and legacies 3 Charitable activities 5 Other trading activities 6 Total income Expenditure on: Raising funds 7 Charitable activities 8 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2024 £ 301,085 - - 301,085 48,836 245,551 294,387 6,698 186,837 6,698 193,535 |
Unrestricted funds 2024 £ 317,675 67,916 19,156 404,747 28,372 222,350 250,722 154,025 534,625 154,025 688,650 |
Total funds 2024 £ 618,760 67,916 19,156 705,832 77,208 467,901 545,109 160,723 721,462 160,723 882,185 |
Total funds 2023 £ 541,052 69,283 31,877 |
|---|---|---|---|---|
| 642,212 | ||||
| 82,856 461,532 |
||||
| 544,388 | ||||
| 97,824 | ||||
| 623,638 97,824 |
||||
| 721,462 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 19 to 36 form part of these financial statements.
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ST ANDREW'S CLUB (A company limited by guarantee) REGISTERED NUMBER: 04900308
BALANCE SHEET AS AT 31 AUGUST 2024
| Note Fixed assets Tangible assets 12 Current assets Stocks 13 Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 16 Unrestricted funds 16 Total funds |
150 68,604 715,711 784,465 (36,080) |
2024 £ 133,800 133,800 748,385 882,185 882,185 882,185 193,535 688,650 882,185 |
150 34,365 554,817 589,332 (23,351) |
2023 £ 155,481 |
|---|---|---|---|---|
| 155,481 565,981 |
||||
| 721,462 | ||||
| 721,462 | ||||
| 721,462 | ||||
| 186,837 534,625 |
||||
| 721,462 |
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ST ANDREW'S CLUB (A company Ilmlted by guarantee) REGISTERED NUMBER: 04900308 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2024 The Company was enlitled to exemption from audit under section 477 of the Companies Act 2006. The members have nol required the company to obtain an audit for the year in question in accordance wilh section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordanc8 With the provislons applicable to enlit18s subject lo the small companies regime. The financial statements were approved and authorised for issue by the Truslees and signed on their behalf by.. Ellza th Cuffy Gregory Watson Dale.. The notes on pages 19 to 36 form part of these financial statements. Page 17
ST ANDREW'S CLUB
(A company limited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 19 to 36 form part of these financial statements |
2024 £ 166,909 (6,015) (6,015) 160,894 554,817 715,711 |
2023 £ 85,771 (7,678) (7,678) 78,093 476,724 554,817 |
|---|---|---|
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ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1. General information
St. Andrew’s Club is a company limited by guarantee in the United Kingdom.
The registered office is Alec Wizard House, 12 Old Pye Street, Westminster, London, SW1P 2DG.
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.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
St Andrew's Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 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 accounts.
The Trustees have reasonable expectation that the charity will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and they 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 and therefore have prepared the financial statements on a going concern basis.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donation income including core grants and donations is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Other trading income includes fundraising event income and is accounted for on a receivable basis.
Charitable income includes income from general Club activities, member subscriptions, canteen sales and rental income, accounted for on an accruals basis.
Investment income is included when receivable.
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ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
2. Accounting policies (continued)
2.4 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings:
Charitable expenditure comprises those costs incurred by the charity in the running of the Club. It includes both costs allocated directly to such activities and those costs of an indirect nature necessary to support them. Grants payable are accounted for when the Company is committed to paying them.
All realised gains and losses are recognised in the accounts. Unrealised gains and losses on investment assets and permanent diminutions in the value of fixed assets are recognised in the Statement of Financial Activities in the restricted or unrestricted fund to which they relate.
Governance costs include those incurred in the governance of the charity and are primarily associated with constitutional and statutory requirements.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
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.
Page 20
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
2. Accounting policies (continued)
2.5 Taxation
The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
| Motor vehicles | - | 25% straight line |
|---|---|---|
| Fixtures and fittings | - | 10% straight line |
| Office equipment | - | 10% straight line |
| Computer equipment | - | 25% straight line |
No depreciation is provided on freehold land and buildings as required under FRS 102 as the Trustees 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.
2.7 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 21
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
2. Accounting policies (continued)
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.11 Financial instruments
The Company 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.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 22
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
3. Income from donations and legacies
| Donations Donations |
Restricted funds 2024 Unrestricted funds 2024 £ £ 301,085 317,675 Restricted funds 2023 Unrestricted funds 2023 £ £ 269,219 271,833 |
Total funds 2024 £ 618,760 |
|---|---|---|
| Total funds 2023 £ 541,052 |
Page 23
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
4. Analysis of income from donations and legacies
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Anonymous | 5,000 | 15,000 | 20,000 |
| Big Give (matched campaigns) | 16,657 | - | 16,657 |
| Boeing | 20,000 | 15 | 20,015 |
| Childhood Trust | 8,000 | - | 8,000 |
| Communities Priorities Programme | 6,548 | - | 6,548 |
| Community Contribution Fund & the City of Westminster | |||
| Charitable Trust | 11,700 | - | 11,700 |
| Createmaster | 500 | - | 500 |
| Dudley and Geoffrey Cox Charitable Trust | - | 7,000 | 7,000 |
| Expat Foundation | 5,134 | 1,034 | 6,168 |
| Fieldrose Charitable Trust | 3,000 | - | 3,000 |
| Forsters LLP | - | 1,761 | 1,761 |
| Frazer Trust | - | 2,000 | 2,000 |
| Garfield Weston Foundation | - | 30,000 | 30,000 |
| Gift Aid | - | 11,163 | 11,163 |
| Guinness Asset Management | - | 1,500 | 1,500 |
| Guyll-Leng Charitable Trust | 8,000 | - | 8,000 |
| Hollick Family Foundation | - | 5,000 | 5,000 |
| Hawthorne Trust | - | 6,000 | 6,000 |
| Hyde Park Place Estate Charity | - | 6,000 | 6,000 |
| Individuals | - | 34,581 | 34,581 |
| Inner London Magistrates' Court Poor Box Charity | - | 5,000 | 5,000 |
| John Lyon's Charity | 45,000 | - | 45,000 |
| Kitchen Social, a Mayor's Fund for London | 6,894 | 4,250 | 11,144 |
| La Fosse | - | 1,000 | 1,000 |
| Legacy | - | 50,007 | 50,007 |
| London Heritage Quarter Community Fund | 6,686 | - | 6,686 |
| London Heritage Quarter - Victoria District | 425 | - | 425 |
| Nigel Scott Will Trust | - | 10,000 | 10,000 |
| Oil Companies Int. Marine Forum | - | 3,000 | 3,000 |
| Rank Foundation | - | 25,000 | 25,000 |
| Rolls Royce | - | 2,500 | 2,500 |
| Ruffer | - | 6,622 | 6,622 |
| SMMT | 5,000 | - | 5,000 |
| St Giles & St George Education Charity | - | 15,000 | 15,000 |
| Strand Parishes Trust | - | 5,000 | 5,000 |
| Sundry Donations | - | 519 | 519 |
| Swire Charitable Trust | 25,000 | - | 25,000 |
| The Cayzer Trust | - | 500 | 500 |
Page 24
ST ANDREW'S CLUB
(A company limited by guarantee)
| NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 The Scorpion Charitable Trust - The Wogan Anniversary Trust - The Charles Wolfson Charitable Trust - Tuckerman 411 Westminster Abbey Dean & Chapter - Westminster Almshouses Foundation 10,000 Westminster Amalgamated Charity - Westminster City Council 67,130 Westminister Foundation 50,000 301,085 |
500 4,500 2,000 - 12,374 - 8,000 40,849 - 317,675 |
500 4,500 2,000 411 12,374 10,000 8,000 107,979 50,000 |
|---|---|---|
| 618,760 |
5. Income from charitable activities
| Unrestricted funds 2024 £ Rents receivable 66,235 Members' subscriptions 1,631 Club activities revenue 50 67,916 Unrestricted funds 2023 £ Rents receivable 66,123 Members' subscription 2,225 Club activities revenue 935 69,283 |
Total funds 2024 £ 66,235 1,631 50 |
|---|---|
| 67,916 | |
| Total funds 2023 £ 66,123 2,225 935 |
|
| 69,283 |
Page 25
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
6. Income from other trading activities
Income from fundraising events
| Unrestricted funds 2024 £ Fundraising events 19,156 Unrestricted funds 2023 £ Fundraising events 31,877 |
Total funds 2024 £ 19,156 |
|---|---|
| Total funds 2023 £ 31,877 |
7. Expenditure on raising funds
Costs of raising voluntary income
| Direct costs Staff costs |
Restricted funds 2024 Unrestricted funds 2024 £ £ 836 7,510 48,000 20,862 48,836 28,372 |
Total funds 2024 £ 8,346 68,862 |
|---|---|---|
| 77,208 |
Page 26
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
7. Expenditure on raising funds (continued)
Costs of raising voluntary income (continued)
| Direct costs Staff costs |
Restricted funds 2023 £ 866 45,074 45,940 |
Unrestricted funds 2023 £ 15,670 21,246 36,916 |
Total funds 2023 £ 16,536 66,320 |
|---|---|---|---|
| 82,856 |
8. Analysis of expenditure on charitable activities
Summary by fund type
| Promotion of physical and mental wellbeing Promotion of physical and mental wellbeing |
Restricted funds 2024 Unrestricted funds 2024 £ £ 245,551 222,350 Restricted funds 2023 Unrestricted funds 2023 £ £ 164,951 296,581 |
Total 2024 £ 467,901 |
|---|---|---|
| Total 2023 £ 461,532 |
Page 27
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
9. Analysis of expenditure by activities
| Promotion of mental & physical wellbeing Promotion of mental & physical wellbeing |
Direct costs 2024 £ 137,436 Direct costs 2023 £ 141,816 |
Staff costs 2024 £ 263,337 Staff costs 2023 £ 252,514 |
Support costs 2024 £ 67,128 Support costs 2023 £ 67,202 |
Total funds 2024 £ 467,901 |
|---|---|---|---|---|
| Total funds 2023 £ 461,532 |
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.
Investments held prior to 2021 in Barings UK Income Plus Trust related to the Jim Scott Bursary restricted fund. This has been set up by friends of the Club in 1988-89 and held in a Barings Targeted Fund until June 2021 when the account was closed by Barings. The fund balance was transferred to Unrestricted Funds, and transferred in 2021-22 to the John Scott Fund, in exchange for an annual cumulative award to St Andrew's Club of not less than £500 to be made towards educational bursaries to members in the name of the Jim Scott Awards or for initiatives or activities that which support the longterm financial sustainability of the Club.
Analysis of support costs
| Staff training costs Office costs Independent Examiner's fee |
Total funds 2024 £ 57,998 490 8,640 67,128 |
Total funds 2023 £ 62,642 - 4,560 |
|---|---|---|
| 67,202 |
Page 28
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
10. Independent examiner's remuneration
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company's independent examiner for the independent | ||
| examination of the Company's annual accounts | 5,190 | 4,560 |
| Fees payable to the Company's independent examiner in respect of: | ||
| All other services not included above | 3,450 | - |
11. Staff costs
| Wages and salaries Social security costs Pension costs |
2024 £ 304,492 22,426 5,281 332,199 |
2023 £ 296,420 17,385 5,029 |
|---|---|---|
| 318,834 |
The average number of persons employed by the Company during the year was as follows:
| Youth workers and teachers - full time Youth workers and teachers - part time Mangement and administration - full time Fundraisng - full time |
2024 No. 3 14 2 2 21 |
2023 No. 3 12 2 2 |
|---|---|---|
| 19 |
No employee received remuneration amounting to more than £60,000 in either year.
The key management of the charitable company comprised the CEO, the Youth Club Manager, and the Head of Fundraising and Development. The total remuneration paid, including employer's national insurance and pension contributions was £147,383 (2023: £143,151).
Page 29
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
12. Tangible fixed assets
| Cost or valuation At 1 September 2023 Additions At 31 August 2024 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 Net book value At 31 August 2024 At 31 August 2023 |
Freehold property £ 52,864 - 52,864 - - - 52,864 52,864 |
Fixtures and fittings £ 123,451 - 123,451 95,301 5,896 101,197 22,254 28,150 |
Office equipment £ 196,650 937 197,587 132,775 16,126 148,901 48,686 63,875 |
Computer equipment £ 40,191 5,078 45,269 29,599 5,674 35,273 9,996 10,592 |
Total £ 413,156 6,015 |
|---|---|---|---|---|---|
| 419,171 | |||||
| 257,675 27,696 |
|||||
| 285,371 | |||||
| 133,800 | |||||
| 155,481 |
13. Stocks
| Stock Debtors Due within one year Other debtors Prepayments and accrued income |
2024 £ 150 2024 £ 10,319 58,285 68,604 |
2023 £ 150 2023 £ - 34,365 34,365 |
|---|---|---|
14. Debtors
Page 30
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
15. Creditors: amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income Deferred income at 1 September 2023 Released in the year Deferred in the year Deferred income at 31 August 2023 |
2024 £ 12,371 11,758 1,291 10,660 36,080 2024 £ 6,168 (6,168) - - |
2023 £ 2,741 7,081 1 13,528 23,351 2023 £ 12,334 (12,334) 6,168 6,168 |
|---|---|---|
Page 31
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
16. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds Fixed asset reserve Club refurbishment Energy savings improvements General funds General Funds - all funds Total Unrestricted funds Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 September 2023 £ 173,521 50,000 132,974 356,495 178,130 534,625 186,837 721,462 |
Income £ - - - - 404,747 404,747 301,085 705,832 |
Expenditure £ - - - - (250,722) (250,722) (294,387) (545,109) |
Balance at 31 August 2024 £ 173,521 50,000 132,974 |
|---|---|---|---|---|
| 356,495 | ||||
| 332,155 | ||||
| 688,650 | ||||
| 193,535 | ||||
| 882,185 |
Page 32
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
16. Statement of funds (continued)
Statement of funds - prior year
| Balance at 1 September 2022 £ Unrestricted funds Designated funds Fixed asset reserve 173,521 Club refurbishment 50,000 Energy savings improvements 66,487 290,008 General funds General Funds - all funds 205,121 Total Unrestricted funds 495,129 Restricted funds Restricted Funds - all funds 128,509 Total of funds 623,638 17. Summary of funds Summary of funds - current year Designated funds General funds Restricted funds |
Income £ - - - - 372,993 372,993 269,219 642,212 Balance at 1 September 2023 £ 356,495 178,130 186,837 721,462 |
Expenditure £ - - - - (333,497) (333,497) (210,891) (544,388) Income £ - 404,747 301,085 705,832 |
Transfers in/out £ - - 66,487 66,487 (66,487) - - - Expenditure £ - (250,722) (294,387) (545,109) |
Balance at 31 August 2023 £ 173,521 50,000 132,974 |
|---|---|---|---|---|
| 356,495 | ||||
| 178,130 | ||||
| 534,625 | ||||
| 186,837 | ||||
| 721,462 | ||||
| Balance at 31 August 2024 £ 356,495 332,155 193,535 |
||||
| 882,185 |
Page 33
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
17. Summary of funds (continued)
Summary of funds - prior year
| Designated funds General funds Restricted funds |
Balance at 1 September 2022 £ 290,008 205,121 128,509 623,638 |
Income £ - 372,993 269,219 642,212 |
Expenditure £ - (333,497) (210,891) (544,388) |
Transfers in/out £ 66,487 (66,487) - - |
Balance at 31 August 2023 £ 356,495 178,130 186,837 |
|---|---|---|---|---|---|
| 721,462 |
18. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Tangible fixed assets Current assets Creditors due within one year Total Analysis of net assets between funds - prior period Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2024 Unrestricted funds 2024 £ £ - 133,800 200,063 584,402 (6,528) (29,552) 193,535 688,650 Restricted funds 2023 Unrestricted funds 2023 £ £ - 155,481 186,837 402,495 - (23,351) 186,837 534,625 |
Total funds 2024 £ 133,800 784,465 (36,080) |
|---|---|---|
| 882,185 | ||
| Total funds 2023 £ 155,481 589,332 (23,351) |
||
| 721,462 |
Page 34
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
19. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the period (as per Statement of Financial Activities) Adjustments for: Depreciation charges Increase in debtors Increase/(decrease) in creditors Net cash provided by operating activities 20. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 21. Analysis of changes in net debt At 1 September 2023 £ Cash at bank and in hand 554,817 554,817 |
2024 2023 £ £ 160,723 97,824 27,696 25,777 (34,239) (18,423) 12,729 (19,348) 166,909 85,830 2024 2023 £ £ 715,711 554,817 715,711 554,817 Cash flows At 31 August 2024 £ £ 160,894 715,711 160,894 715,711 |
|---|---|
Page 35
ST ANDREW'S CLUB
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
22. Operating lease commitments
At 31 August 2024 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
| Not later than 1 year Later than 1 year and not later than 5 years |
2024 £ 930 227 1,157 |
2023 £ 8,047 1,157 |
|---|---|---|
| 9,204 |
Page 36
St Andrew's Club Alec Wizard House 12 Old Pye Street Westminster London SW1P 2DG
www.standrewsclub.com Charity no. 1103322