REFORM CLUB CONSERVATION CHARITABLE TRUST REPORT AND FINANCIAL STATEMEI YEAR ENDED si DECEMBER go* Charlty Number 11048go
REFORM CLUB CONSERVATION CHARrrABLE TRusr UNAUDITED FINANCIAL sfATEMENT3 FOR THE YEAR ENDED Ji DECEMBER 2098 Page Reference and Admini9trative Detai18 Trustees, Annu&l Report Indendent Examiner's Report to the 1"ruBtee8 statent of Finaneial ActLYitie5 Balance Sheet Note¥ to the Financial StAtement8 10-12
REFORM CLUB CONSERVATtON CHARrrABLE TRUST REFERENCE AND ADMINISlliATIVE DEfAIIS FOR THE YEAR ENDED Ji DECEMBER 20S8 Reglotered Charlty Name Reform Club Conservation Charitable Tru8t Charity Regi8tratson Nunther 1104820 Prlnclpl Offlce io Pall Mall London SWIY SEW The Tn¥tee• Dr Peter Clarke MBF. Profossor Heather Egrt9 Dr Claire Gapper Anthony Halm Alan Johnson Christopher Smallwood Dr Steve Wharton Independent Examiner Hay$micintyre LLP io Queen Street Place IA)ndon EC+R IAG Banker8 Bank of otl&nd pl PO Box 1000 Bxg ILB
REFORM CLUB CONSERVATION CHARrrABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED si DECEMBER 904 STRucfuRE GOVERNANCE AND MANAGEMENT The Reform Club Conservation Charitable Tru6t (the "Tru$t' or thc"Charity"I was o8tabliBhed under a Truyt Deed dated io February QOOS."I"he Bvird of Trustees ffteet Clee times a year and rnore frequently, if required. The TN¥t has no subcommittees. cction 8111 of thc Trust Deed state5.' "There 8hall be at IL'ilSt seven Trustecs who shall cornpri5e' of the offLcer8 holders on g i December gog8 in braeketsl Tr"x-officiD Tru5tees'. The Lhairman of tht Club IProfe$$or I leather F'GGINSI The Chairman of the Financc C()mmittee of the Club (Christopher SMALLwaoDI The Chairman of the Housc and Fabrie Committee ofthe Club (Anthony HALMOSI NoTfLinated Trustee.. One trustee of the Club nominate(I by the tru¥teL>¥ of the aub (Dr Steve WIIAR"II)NI Electcd Tru8tccJ Two r8 ofth mm b hr Tnet 11)r Peter Cl.ARKb: MIIF., I)r Claire GAPPERI rs ()n- c ()ne rs n who is not a member of thL, Club wh in (Alun JUHNSONI 'I'he ChairTnlln ofthe Charitable'l'rust at 81 Dccernr li Dr Peter CIARKF.. At the beginning ol. the year Dr Steve Wharton wai an F"lected Tru8tee but he automtttieally &tfM)d down from that post in May gQQ8 when he wa¥ electLYl au TrustL'e of the Club at the Club AGM. Subsequently the Lluh "I'rustees inlormed the Chllritable Tru¥t that Dr Peter Urbach wished to ytep down aB their numinattd Tru&ice. He wa# rL'pl8ced by Dr WhBrton, l)r Claire Gapper way clcLtcd to fill the vacancy for an b:lected"L"ru5tee. l)r Peter aArke MFIF.. stepped dvwtl aj an electcd trustee with effect from S i December gogs following hi$ election to the General Committee of the Club. The following were appointcd Ttee3 Ln 20g8.. Profes%nr Fleather b"ggin8 lot) i January g0181 Christopher smallwo l¢)n I i January gogJl Anthony Flalmo$ lon 15 May gog81 OBJEcfIvES AND AcfIvITJES The Trust wa5 founded to a881l the Heform Club in carry out ity duty of ¢on$ervin% thc Ileform Club buildingtr a Grade I li$ted building and it3 art collcrtion, furniture, and artifacts. The building 15 hcld by the Reform Club on d 99 Year lease from the Crown E%t&tc. which expires in g08*. Sc¢tion S of the Trwt DcLd dL.fineb the Objects of the Trust 'I'he Trustees shall hold the"I'rust F-und its intume upon'l'rn$t to apply them for.. -11.1 I'he presoYvatFon-axtt eMhancèmEnt, foy the"btneftt of the publtt, thÈ RÈftsi'M Cliib"Buttdliig.-locatè Pall Mall by encouraging reasonable public access to view it8 historic and arthite¢tural features. art colle¢uon. fvrni¢ure and artLfa¢t¥ and 191 such charitable purpo8e$ as the'frwtee$ in their absolute discretion fro time to time think fit
REVORM CLUB CONSERVATION CHARITABLE TRUl•T TRUSTEES. REPORT FOR THE YEAR ENDED SI DECEMBER gogj The Trustee8 have given due regard to the Charity Commission's guidanee on public ben¢fit. when r¢viewing the aims and objectiveB. making grants and planning futuri. aLtivitic¥ vf thc Charity," Future Fund5 received will aUtomati]IY be applied to the Unrestricted Fund unle$9 it is $pecifically requested that the donation or legacy be applied to yume peCifIC ptsrp)$e, which case it will be appliL,d to thL Re¥tricted Funds. Durin% th¢. year £'g,ii(M) of donations were applied to the UnreJtrictcd Fund and £78.500 was applied to Restricted Tr"und. Gift Aid of £'1..597 was received, of which £7ffj8 wa$ ttpplicd t() the Unre%tricted and £779 was &pplied tu the Restriettd Fundg. ACHIEVEMENTS AND PERFORMANCE l)uring the year emphasis was plaeed on rceeivinA rcstricted donations for three app¢'al& laun¢h¢d in 8019.. the BaluBtr&dt, the Sm()king Room Carpet and the Wheelchair Accessible Me/.i.anine'l oilet. l)onations werL' also accepted fur the ¥pvLifJL purpnge of purchasing a facsimile ¥et of Sir Charle$ Barry'.¥ working driwing4 for the c()nstruction of the buildinK. The reitoration of the p(>rtrait of %ir Henry IrvinK 11888 to ]J Jfi by I Iirry AIIL'n 1186or to 19141 wa8 eornpletcd. A d()nativn had been accepted during I fur thi¥ work. The restorcd prJrtr4Lt hAng8 in the Coffee RvoTn. 'I'he-l-ru8¢ held it$ annual 'Open Day. irl the Slll(K>n of the Club I louse on ig July ogy. A aerie¥ of information diBplayA Sought to raiBe 4wareneg9 of the"1 ru8t'¥ eK18tence and work, to 8eek fund8 for eurrent Appeal8 llnd to say'thank ynu, to donor8, 'I'ru6tee9 were pre8ent throtsKhout the event to answer que$tion$. Public A¢¢eiJ to the buildlng and collectlon8 Op¢n Houge Ixjndon The Club ha5 t4kL'n part in Open Houie IndOn ever Jince 98, the y¢ar the Charitable Tru8t wa$ founded. In the fJr¥t year, the Club Hou8e wafj open on Saturday only and we had .8ts6 pcople viyitory. F"rom £007 it was extended to two days and uver 6(XI VLSitors were welcomed. Open Ilouye London ¥tarted in IC)¢J since when it has been encouraging uwner¥J of architccturally and historic buildin%8 to allow Irce tour8. The event takes place over a weekend in &ptember, Tours of the Club House Since 008 private tours of the Club Hnujc have also been organitsed for which B 4UW%ted dnnation 1$ reque$ted. llll¥ was £7.50 in guoy. It hecame £10 in goi4 and £15 in g() Ili. Thc t(iurs takc place by appoirltment in between 10 am and i noon duritlg wcekdays. Thc groups are guided round the Club IlouBe by one or two volunteer guides. During gog8 there were only two tourts. Demand rema2n$ far lower than pre-covid Icvels. The Trustee5 re801ved to gtve wider public noli¢c to thi ¢)pportunity via the Trust'5 planned web 8ite. FINANCIAL REVIEW I'he net income $howed a dcfirit ovcr cxpcnditure of £88,Ig8 Igo£g'. surplus £9,018. On Ji Decernber gog8 the Tru5t'8 net a55Ct8 totalled £70.86£ Igogg.. £106,98.51. Thc Tru¥tL'e8 dv not have a fornial ro8erYe$ wlicy. This is because our fixed expenditure for admini8trative expenditure, IT requiretnents and staff custs for Opell House IA)ndon are dcliberatLly kept low. rus ee lie5 n5ibilitie$ Statement in Re5 eet of the Aeeounts The Tru8tces are rc8tM)n$ible ft)r preparing thc Trustecs Annual Report and the financial statements in ac¢ordan¢e with applicable law aTJd United KingdornAccounting Standards (United Kingdom General Accepted Accounting Practice).
REFORM CLUB CONSERVATION CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED $1 DECEMBER gogs The Fund's rules require the Trustee8 to prepare financial $tatement$ for each financial year which %ivc a true and fair view of the state of affairs of the Fund and the income and expenditure for that period. In prcparing those fJnanciHI ¥tatetncnts the Trustee5 are required to,. select suitable accounting policies and then apply them consistently.. make judKemÈnts and accourtting e$timates that are reasonable and prudent. prepare the financial $tatement¥ UZL the going concern ba5iB unless it inappropriate to presume that the'frust will continue in busine88', and state whether appli¢able a¢countin% $tandard5 have been followed Subject to any material departures di8clo$ed and explained in the financial stBtemtnts, The Trustee$ are re$l)NIble for keeping adequate aecounting recoTd8 which disclose with reaBonable accuracy at any time the financial position of the Fund llnd to enable thL'rn to L'n¥urL, that thc financilll 8tatement8 comply with General l)irections Kivtn by the Charitie$ Commi$¥ioncrs. They are also responsible for safeguarding the a$s¢tJ of the Fund and henee for taking rL'a¥onable Btep8 for the prevention and dttection of fraud and other irregularities. 'lThe 'l'ru8teeB Annual Report W&9 ipproved on 80 Octoi*r gog• and Ji%ned on behalf of the Board of"1 ruBtee8 by.. Dr Steve Wharton "I ru5tee
REFORM CLUB CONSERVATION CHARITABLE TRUST INDEPENDENT EXAMAINER'S REPORT TO THE TRUSTEES OF THE REFORM CLUB CONSERVATION CHARrrABLE TRUST FOR THE YEAR ENDED 51 DECEMBER 8083 I rL'POrt to thc Trustees on tny examination of the finJn¢ial 8tateTnents of the Heform Club Coniervation Lharitablc Trust for thL period ended s i Decembcr gog3 which are set out on pages 8 to Ig. ReBpective re8ponsibllltle8 of Tru&tee# and Examlner The Charity'j Tru5tee5 are resFK)n5ible for the preparatjOD uf the accounts. 1The Charit3 Trustees consider that an audit 18 not required for thi$ year under section 14I Igl of the Charities Acl 401 I (the goi i ALtI and that an Indendent examination is needed. I roprt in respect of my cxaTninDtion of the Trunds account8 a$ carried out under 8ection M 111 O of the 1005 Act and $ection 1+5 of the goi i Act. In Larrying out my examinEtion I h&vc followed the applicable Direction.% given by thc L'harity Cummi98ion undcr section 1éS1S1 Ibl ofthe goi i Act. Independent Examiner'$ Statement I have ¢ompl¢trd my examination. I confirm that no matteru have com¢ to my attention giving me uusc to believe that in any material respect,. accounting record5 were not kept in reBpect of the Charity as required by 8CCtion 180 of the go I I Act., or the financial $tatement¥ du not acc()rd with tlM)¥e recordi.. or the finuncial statements do not comply with the applicAblc rcquircTncnt5 concerning the form and content of a¢¢tsuntJ i¢t out in the L'hllritie¥ IAcc(>unt and Heportsl Hegulationts 2(X)8 other than any requirement that the. accounts Lrive a true and fair view which is not a mattcr ¢uniidered aB pirt of an independent examination. I have no concerns and have etsme across no other matter8 in connection with the ex&min8tion to which attention Should be drawn in thL8 report in order tLTrenEble a proper understanding uf the 4cci)untA to be reached. £L Simon Wilks ACA Hayumacintyre l.l.P io Queen Street Place IA)ndtyn :C4K IAG so October gogs
REFORM CLUB CONSERVATION CHARrrABLE TRUST STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED si DECEMBER sog8 2098 8088 Unrestricted Fund8 Restricted Funds Note Totsl Funds Total Fund8 Income And Expendlture Income Donation8 and legacieB Other income 87.1 IS Sl.J60 58,g7,8 2,861 8£.og7 41)2 2,SGI Totsl Ineome 89.474 i,ieo 60.884 8g,4,29 Expendlture Expendilure on Lharitable activities Independent Examiner Tr"ee fyovernllnce cost¥ 14855 8,fj00 76g 77,550 9*,100 9,L81 759 dsu Total eXpeTltUre 77,&,50 96.757 ieJ.411 Net Incomel{defi¢it) and net movement In Fundo lo.g67 4e,390 69,018 Reconelllatlon of Fund• Total Funds Brought Furward Total Fund• Carrled Forw4rd 90,7g7 106.98J .87,967 108,980 44,S87 70.8ag Thc Btaternent of financial actLVitie8 include8 all gains and 1088es recognised in the year. All incom¢ and expenditure deriye from continuing activities. Tlie noTe5 on pages o tIYo"mi par ese Inancia statcments
REFORM CLUB CONSERVATION CHARrrABLE TRUST BALANCE SHEEf AS AT 81 DECEMBER go48 Current *et• 1.rade and other debtor6 Cash at bank and in hd 8,008 76 110,609 110.586 168,067 Credltorn., due wlthin one year rrade and other creditors 97.405 Net currtnt a•iet• 70,888 J06,985 Fund• of the Charlty Unrefjtricted Fund$ Restricted Fund$ 26,S26 +4,S87 70.8811 16,g58 90,7g7 106,985 Tot41 Charlty Ful• The8e financial statements were approved by the EIoArd of Trysteej and 4uthori8ed for i88ue on And are 8igned on behalf of the Board by.. Dr Stevc Wharton I'ru$tee Jo October gog The note$ on pigcs io to ig form art of these financial BtatEment8
REFORM CLUB CONSERVATION CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 81 DECEMBER 2028 Genernl Inforrnation The Reform Club Conservation Lharitable"I"rust Is an uninCorrated Charity governed by a"fru8t Deed and regi¥tered with the Charity Conuni5¥ion in England and Wale¥ undcr rC&stered number 110411¥o. The principal addrc55 15 104 Pall Mall, London SWIY 5F"W. The objectives of the Charity are 5Ct out on pBge Statement of ¢ompllAnce "lThe5e rjnancial statements have been prcpared in Lompliance with FR%io£ the Financial Reporting Standard applicable in the UK 8nd the Hvpul)lic of Ireland,. the statennt uf Recommended Practice for Charities l.%QRI' 2016. Secand bAlition, L,fft¢tive l January 01913pplicable to charitivy prcparing their icc()unt5 in accordance with the Financial Reporting Standard applieable in the UK and Republtc of Ireland. s. Accountlng policiei B8818 of preparation 'I'he finanr.ial 5tatementa have been prepared on the hiytoric&l co8t basis, a8 modified by the revaluation of certain fJnanLial aA8et$ and liabillties measured At fair value through incornL' cxpcnditure. Thc financial statement8 are prepared in 8terlill, which is the functional currency ¢)f the entity. 1.he Charity meet¥ the definition of a public beneflt cntlty under FRS log. Going Concern I'here are no matL'rial uncertaintie¥ about the Charity'$ ability to continue as a going concern for at leist twelve Month8 from approvin% the account8. DiJelo$ure exemptiong The Charity ha$ takctl advantage of thc exemption in 'Hulletin i.. Amendments to Accounting and Reporting by Charitiefj,. Statement of Reeommended l)ra¢ticc applicable to charities preparini¥ their account$ in llccordanLL' Wlth the b'inancial Rep)rting Stand4rd appliLablc in the UK and Rcpublic ofireland" from thc roquirement to produce & c8slfflow $tatennt on the grounds that it j5 a $mall Lhttrity. Judgements and key $ource8 of estimation uncertainty Thc prtparatiun of the financial statement$ require8 man>ment to make judgement$, e$tim&tes and S8umption$ that affcct the amount5 reported. "ll)c3c cytimates and judgements are Lontitjually rLiviewed are based on exptrien¢e and other factors, inLluding expe¢tition4 of future eyents tha¢ are believed to be rea$ortablc under the circunL9tance8. There Are rtu area5 involvinK B higher degree of judgeTnent or complexity, or area8 where assumption8 and e$timatCs arc significant to the financial infurmation. Fund accounting Tht Unrestricted Fund comprises the capital account. which may be u8ed for thc PayentS of grants at the discretinn of the Trustees. Income received durin% the year 15 credited to the Unrestricted Fund unless otherwise specified by the donor. It is the Trustee8' interttion that futurc grant5 will be paid out of the Restricted Fund which comprispB ncome from speoflÈd donaTlons when fund5 allow. "Income is ai>plied" to.fhe Restrict Fun&-whe"¥i Lt Is gpecifically requested that a donation should be used in a spccified period. io
REFORM CLUB CONSERVATION CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 81 DECEMBER gog& Income All income i$ included in the %twtement of financial activities wheTJ entitlement has passed to the Clwity, it 15 probable that the ectsnomic benefits aSSOCiated with the tran$actioa will flow to the Charity and the amount can I reliably Tneasured. Donation8 are recognised when the Trust has en notified in writing of both the amount and scttlement date. Expenditwe Expenditure is reeogrti9ed once there is a legal or construttion ohligRtion to make & payment to 2 third party, it is probable that settlement will be requirL.d and the amount of the obligation CITL hc measured reliably. Expenditure on charitable activitie8 ineludeg all c08ts incurred by a Charity in undertllking llctivities that further it8 charitable ailns for the benefit ofit$ benefici¥ric5, including those support ¢08t$ and coyt8 relating to the govern#n¢c of the Chirity apwrtioned to Lharitahle activitlL'$. Financlal Instruments 'I'he Charity only has finllncial assets and fJDAncial lial)iliticN of a kind that 4ualify a8 ba$ic linanctal instrumenta. Ba&ic fjnancial in¥trument5 are initially recogni¥ed at transaction v¥lue subsequently meaiured at their settlement value. Caoh at Bank La¥h at bank and ¢a¥h in hand include5 c4sh and Bhort term highly liquid inveitFnent8 with ll 5knrt nuturity of three rnonth5 or less from the date of acquisition or opening of the depo8lt ur $imilar a¢¢ount. Creditors Creditor8 and any provigLon8 llrc recognised where. the Charity ha5 a present obligation reAulting from paNt event that will probably result in the trart$fer ol'funds to a third p8rty and the amount duc to Nettle the obligation can be mcaxured or estimated reliably. Crediiorl and provisions are normally reto%ni.8ed At thcir oettlemcnt amount after allowing for any trade di8countJ due. 4. Donatlonl LegacieB gog 4098 gogJ 9028 Unre8trlcted Fund8 Re8trlcted Fund8 Total FundB Total Fund$ Donatloni DonAtiun$ & legacie5 Cyift Aid g5,700 g7,124 ,086 81,160 80,500 1,597 84,0£7 5,4+9 58,478 17.IlJ gog2 restricted iTLcome consisted of £78,$00 frotn Donations and £,779 from Gift Aid.
REFORM CLUB CONSERVATION CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 81 DECEMBER 2098 Expendlture on Charltable ActivitieB by Fwid Type 9098 gogs 4093 904g UnreBtricted Funda ReAtri¢ted Fund8 Total Fwxl8 Total Funds Collection purchll8es Other ch&Tltable activity 11.999 e,856 77.550 e19,S49 2,856 98.40 9,181 77,SSO 9,181 gO2Q reNtricted expenditure consisted of £'7.bW. 6. AnAly•lJ of Support Coit8 90gJ so28 TotAI Total Cyovernance eosts 75g 6¥(1 Tru8tee•' Remuneratlon and Expen•eB None of the TruJtce&, i)r pcryonN connected with them, rtceived remuneration or rL•imliursemont of expenses during the year or pri(Jr year. The Charity did not have any emplvyccN during the year. AnalyBlo of Charltable Fund• At i January gogo Incon At 81 December gOSS Expendlture Unres¢ri¢ted Fund Re8tricted Tr"und 16,£.58 90,7£7 g9,474 Yi,160 60,684 119,g071 77,of50 90.787 20,SgO ,.857 70,864 106.98 Atsi December 9044 At i January Incorne Expenditure Unreytrieted Fund Restricted Fund 19,019 18.98 8,150 79,79 (5,9111 18,468 Ig