REFORM CLUB CONSERVATION CHARITABLE TRUST
REPORT AND FINANCIAL STATEMENTS
YEAR.ENDED 31 DECEMBER 2024
Charlty Number 1104820

REFORM CLUB CONSERVATION CHARITABLE TRUST
UNAubITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 81 DECEMBER 9024
Page
Reference and Administrative D'etai18
Tru8tee8' Annual Report
¥6
Independent Examinerf8 Report to the Trustee
Statement of Financial Activities
Balance Sheet
Note8 to the Financial Statement8
10-18

REFORM CLUB CONSERVATION CHARrrABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 81 DECEMBER 2024
Regi8tered Charity Name
Reforni Club Conservation Charitable Tru8t
Charity Regi8trvdtion Number
1104820
Principal Office
104 Pall Mall
London
SWIY SEW
The Th￿tee$
Dr Steve Wharton
Dr Clllire Gapper
Anthony Halmos
Alan John80n
Jackie Lam
Melinda Moore
( Christopher Smallwood
Independent Examiner
Hay8Mac LLP
io Queen Street Place
I￿)ndOn
EC4R IAG
Banker8
Bank of Scotland plc
PO Box 1000
Bxg ILB

REFORM CLUB CONSERVATION CHARITABLE TRusr
TRUSTEES. REPORT FOR THE YEAR ENDED 81 DECEMBER 2024
STRtscfuRE GOVERNANCE AND MANAGEMENT
The RefornL Club Conservation Charitable Trust (the 'Trust' or the "CharitK) wa5 eytablished under a Tru8t
Deed dated ig February goo8. The Board of Tru8tee8 meet three times a year and more frequently* if required.
The Trnst has no 8ubcomrnittee3.
Section 8 { 1) of the Trust Deed state5:
"There $hall be at least seven Trustee$ who shall comprise" (Name of the otTice holder8 on S l December 2024
in bra¢ket8)
Ex-offici
The Chairn]an of the Club (Christopher SMALLWOOD)
The Chllir of the Finance Committee of the aub {David PTr EIFFER until IS January 2025, and Melinda
MOORE from thi$ d&te.)
The Chairman of the House and Fabric Committee of the Club (Anthony HAI:MOSI
Tru8te
One trustee of the Club nominated by the tru8tee8 of the Club (Dr Steve WHARTON)
-.1 ct d.fru
eesT
mmit
ee ivho shall be
{Dr Claire GAPPER)
{Mr Jackie Yu Hon LAM) from 18 September gog4
rs of the Llub not
rs
ste
r servin
members of t
ral
lec
fth
on-clu
erin
1"ruste
cr
on who 18 not
n ofthe
ri
membp
Socie
liib who 8hall be a
te
ei. 108 14,
5. (AIAn JOHNSON)
min
"rhe Chairman of the Ch&rit&ble Tru8t at 8 l December 18 Dr Steve Wharton.
8inTI'
The following wa9 &ppointed Tru8tee in 2024:
Jackie Lam lon 18 September gog+)
OBJEcfivES AND ACTIVITIES
The Trust waB founded to assi9t the Reform aub in carry out its duty of conserving the Reform Club building,
a Gradc i listed building and it8 art collection, furniture, and artifacts. Thc building 1$ held by the Reform Club
oll a 99 Year lease from the Crown Estate, which expires in 2084.
Section 3 of the Trust Deed defines the Object8 of the Tru8t
'The Tru8tees 8h&ll hold the Trust Fund and it8 income upon Trust to apply thern for:
(i) The preservation and enhancenient, for the benefit of the public, the Reform Club Building. located in
Pall Mall by encouraging rea80nablc public acce8S to view its hi8toric and architectural features, art
ollection, furniture and artefacts and
(g) such charitable purpose8 as the Tru¥teeB in their absolute discretion from tiTne to time think fit"

REFORM CLUB CONSERVATION CHARITABLE TRUST
TRUSTEES, REPORT FOR THE YEAR ENDED 81 DECEMBER 9024
The Trustee8 have given due regard to the Charity Commission's guidance on public benefit, when reviewing
the lin￿ and objectives. 14 making grants and planning future activities of the Charity."
Future Funds received will automatically be applied to the Unrestricted Fund unles8 It IS specifically requested
that the donation or legacy be applied to son￿ speciflc purpose, in which ca8e it will be applied to the Restricted
Funds.
During the year £4(X) of donation3 were applied to the Unrestricted Fund and £38,5 10 was applied to the
Restricted Fund. Gift Aid of £3.S65 was accrued for and claimed in gog4, all of which was applied to the
Restricted Funds. Furthermore, during the year the charitable trust wa8 notified of a forthcoming substantial
bequest of £5(K),(K)o. This bequest was formally confirmed prior to the reporting date, establishing entitlement
and allowjng the amount to be measured reliably. Accordingly, the income has been recognised in the Statement
of Financial Activities for the year ended s i December. -I"he cash was received after the year end, with the net
amount received being £499,941). thi8 18 treated as an unrestricted donation.
ACHIEVEMENTS AND PERFORMANCE
During the year a new fundraising project wa8 launched.. the cleaning and painting of the lamps/flambeaux on
the Club'3 Pall Mall balu8trade. The Trust al80 agreed to fund a 'Digital Twin, of the Clubhouse provided at a
greatly reduced cost thanks to additional generous support in kind from a member. This will be helpful in future
rcJtoration/renovation works as well as providing a snap8hot of the Clubhouse &nd its contentj in 2024. finally*
following an approach from the Club together with an undertaking on the part of the aub to u8c the purchase
toward8 encouraging reasonable public acce88 to concerts and to support musical training and development -
including performancej during IA)ndon open Ilou8e in Scptember of each year, reporting back regularly to the
Trust on these activitie8
a decision was taken in September 2024 in support of fundraising toward8 the
purcha8e of a Steinway D piano.
The Trust held its annual 'Open Day,. in the Saloon of the aub Houje on 17 July gog4. A 8erie8 of information
displays sought to raise aw&rene88 of the Trust's exi8tence and work, to Seck funds for current appeal8 and to
say 'thank you, to donors. Tru8tce8 wcre present throughout the event to angwer questions.
Publlc Acceb8 to the bulldlng and colleetion8
Open Hou8e London
The Club ha5 taken part in Open Houge London ever since 4003, the year the Charitable Trust wa8 founded. In
the first year, the aub House was open on Saturday only and we had $06 people visitor8. From £007 it wa8
extended to two days and over 500 visitnrs were welcomed. Open House London started in 199£ since when it
has been encouraging owner¥ of architecturally and historic building8 to allow free tours. The event take8 place
over a weekend in September.
Tour8 of the Club House
Since gcrf)S private tours of the Club House have al80 been organi8ed for which a suggested donation is requested.
The tours take place by App)intment in ￿tween 10 am and ig noon during weekday8. The groups are guided
round the Club House by one or two volunteer guide8. Given low uptake postQovid. the Trustecg re801ved to
give wider public notice to this opportunity via the Trust's planned web slte., to be launched in 2025.
FINANCIAL REVIEW
The net income showed a Surplus over expenditure of £585,645 {2028.. deficit £36, Ig3) after the indu8ion of
the ￿'que¥t noted above. On J i December *og4 the Th18t'$ ner &sset$ totalled £bVi>,bU'I (¥,u¥y.. £'iu,Iitig).
The Tru8tees do have reserves policy which dictates that the Rcccfs Financial Re8erves are held for two main
purp08e8:

i) To provide working capital to meet the need8 of the RCCCT and designated future activities Cthe
"General Fund" J.
ill To provide financial stability and security by making provisions against prudent risk8 the RCCCT
might encounter [the "Contingency Fund" J
The financial assets of the RCCCT are currently all cash at bank.
"I'he Cyeneral Fund. item li). provides working capital to cover cashflow requirements. The Contingency Fund
covers item (ii),. the Tru8teeB aizn to maintain it at around £ig,o(K), thi5 being a wuryt-ca8e estimate of the total
financial impact of maintaining the activities of the RCCCT pending new income from donation8 and
fundraising.
Trust
e8,
tement in Res
e Account8
I"he Trustee8 are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standardy (United Kingdom General Accepted
Accounting I'ractice).
lThe Fund's rules require the I"rustees tu prepare financial statements for each financial ycaT which give a true
and lalr view of the $tate of affairs of the F￿nd and thL' illLoine tiii¢J expLIitliturL fui. LliaL pgi'i()d. III piL'yai'iii
those financial &tatement8 the Trustee$ are required to..
select suitablc accounttng policies and then apply them congi$tentlyi
make judgemcnt.8 and accountinK estimates that are rca¥onable and prudent,.
prepare the financial statements on the going concern ba818 unless it is inappropriate to presume that
LIIL Ti'u¥L will LuIILiiiuL' iii busiiiess. aiid
State whether applicable accounting standards have been followed subject to any material departure8
di¥c108ed and explained in the financial Statements.
The"fru8tees arc rebponsible for keeping adequate accounting record8 which di¥LIo8e with reasonable accuracy
at any time the finartcial position of thc Fund and to enal)Ic them to en8ure that the financial 8tatementN comply
with General Directions given by the Charities Commiysionerg. 'fhey arc also responsible for Safe￿u￿rdIng the
asset8 of the Fund and hence for taking reasonable $tep8 for the prevention and dctcction of fraud and other
irregularitics.
11]e TrusteC8 Annual Report was approvcd on 14 October go£.5 and Signed on behalf of thc Board of 'l"ru8tee8
by:
Dr Steve Wharton
Trustee

REFORM CLUB CONSERVATION CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE tRUSTEES OF THE REFORM CLUB
CONSERVATION CHARITABLE TRUST
FOR THE YEAR ENDED 8 1 DECEMBER s094
I report to the Tru8tee5 on my examination of. the financial statements of the Reform Club Conservation
Charitable Trust for the period ended s i December £og4 which are set out on pages 8 to Ig.
Respective re8ponsibilitie8 of TTU8tees and Examiner
The Charity's Trustees are respon8ible for the preparation of the accounts. The Charity'8 Trustees con8ider
that au audit is not required for this year under section 144 (2) of the Charities Act 20 11 (the £01 i Act) and
that an independent examination 18 needed.
I report in re8pect of my examination of the FundB accounts a8 carried out under section 44 (1)
of the 2￿5
Act and section 145 of the 2011 Act. In carrying out my examination I have followed the applicable
Direction8 given by the Charity Conunission under section 145 (51 (b) of the goi i Act.
Independent Examlner's Statement
I have completed my examination. I confirm that no matters have come to my attention giving me cau8e to
believe that in any material respect..
accounting record8 were not kept in respect of the Charity required by section 180 of the go I I
Act; or
the financial 8tatement8 do not accord with those records. or
thc financial statements do not Lomply with the applicable requirements concerning the fortn and
content of accounts set out in tho Charities (Account and Reports) Regulation8 £008 other than any
requircmcnt that the accounts give A true &nd fair view which is not a matter considered as part of
an independent examination.
I have no concern8 and have comc acro88 no other matterg in connectiun with the examination to which
attention should bc drawn in thi$ report in order to enable a proper understanding of the accounts to be reached.
Simon Wilks ACA
Hay8Mac LLP
io Queen Street Place
London
:C4R IAG
14 Oct £025

REFORM CLUB CONSERVATION CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 81 DECEMBER 2024
gog4
2024
2024
2023
Unrestricted Restricted
Fund8
Funds
Note
Total FundB
Total Funds
Income and Expenditure
Income
Donation8 and legacie$
Other income
500,4(K)
1,576
501.976
41,6715
542,075
1,576
543.6bl
58,273
2,861
Total Ineome
41,87
60.634
Expendlture
Expenditure on charitable
activitiej
Independent Examiner Fee
Governance costs
Total expenditure
,1146
.¥uu
960
8,g46
8,800
960
94,4(1
75£
8,(K16
8.006
96,757
Net income/{deficit) and net
movement in Fund8
493,970
41,676
58b,646
86.128
Reeonciliydtion of Fund
Total Fund8 Brought Forward
Total Fund8 Carried Forward
96,525
520,495
44.887
70,868
606.507
106,98
86,019
70,869
The Statement of financial activities include8 all gains And1088e$ recognised in the year.
All income and expenditure derive from continuing activitie8.
The note8 on pages 10 to IS form part of these financial statements

REFORM CLUB CONSERVATION CHARITABLE TRusr
BALANCE SHE￿ AS AT si DECEMBER 9024
9024
2028
Current a88et8
Trade and other debtor8
Cash at bank and in hand
608,366
110,946
6,608
161,459
168,087
614,811
Creditor8: due within one year
Trade and oth¢r creditor8
Net current afj8et•
7.804
606.507
97,g05
70,86g
Fund8 of the Charity
Unrestricted Funds
Re8tricted Fund8
5£0,495
86,oig
Q6,bg5
4*,337
70,86g
Total Charlty Fund8
808,607
These financial 8tatement& were approved by the.'Board of Tru8tee8 and Authorised for i88ue on and are signed
on behalf of the Board by..
Dr Steve Wharton
Tru8tee
14 Oct g025
The not¢8 on pages 10 to IS form part of these financial statement8

REFORM CLUB CONSERVATION CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 81 DECEMBER g024
i. General infomation
The Reform Club Conservation Charitable Trust 18 an unincorporated Charity governed by a Tru8t Deed
and registered with the Charity Commi88ion in England and Wale5 under registered number 1104820. The
principal addre85 is io* Pall Mall, IA)ndon SW IY SEW. The objectives of the Charity are Jet out on page
Stydtement of cornpliartce
These financial 8tatements have been prepared in compliance with FRsiog the Financial Reporting
Standard applicable in the UK and the Republic of Ircland,, the Statement of Recommended Practice for
Charities (SORP go ib. Second Edition, effective i January 2019) applicable to charitie8 preparing their
account8 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ircland.
S. Accounting policies
Ba818 of preparvdtion
The financial statemcnts have been prepared on the hi¥torical cost basis, as nwdified by the revaluation of
certain financial assets and liabilitie8 measured at fair value through income and expenditure.
The finHnr,iAI Ntnte.me.ntN arr, pre,pared in eterling, which is the functional ¢urrency of the entity.
The Charity meets the definition of a public benefit entity under FRS log.
Going Concern
There are no material uncertaintie5 about the Charity's ability to continue &8 a going concern for at Icast
twelve month8 from approving the &ccount$.
Di8c108ure exernptiona
lThe Charity ha8 taken advantage of the exemption in 'Bulletin L.. Amendment8 to Accounting and
Reporting by Charitie$.. Statement of Recommended Practice applicable to ehArities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliL of Ireland"
from the requirement to produce a cashfiow statement on the grounds that it i¥ a small Charity.
Judgement8 and key 80urce8 of e8timation uncertainty
The prepar&tion of the financial statements requires management to make judgements, estimates and
assumptions that'affect the amounts reported. These estimates and judgements are continually reviewed
and are based on experience and other factors, including expectation5 of future events that are believed to
bc re&sonable under the circumstance8. There are no areas involving a higher degree of judgement or
complexityj or area8 where &88umptions and estimates are 8ignificant to the financial information.
Fund accounting
The Unrestricted Fund eomprises the capital account. which may be used for the payments of grants at the
discretion of the "frustees. Income received during the year is credited to the Unrestricted Fund unless
otherwi8e 8pecified by the donor.
It is the "fru8tee5' intention that future grants will be paid out of the Restricted Fund which comprisetj
income from specified donatl0115 when funds allow. Incoffle is applied to the Restricted Fund when it 18
Specifically requested that a donation should be uscd in a specified period.
io

REFORM CLUB CONSERVATION CHARITABLE TRUST
NOTFS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED si DECEMBER 2024
Income
All income 18 included in the statement of financial aclivities when entitlement has passed to the Charity* It
is probable that the economic benefits associated with the transaction will flow to the Charity and the
amount can be reliably measured. Donations are recognised when the 'l"rust has been notified in writing of
both the amount and settlement date.
Expenditure
Expenditure 18 recogni¥ed once there is a legal or construction obligation to make a payment to a third
party. it is probable that settlement will be required, and the amount of the obligation can be mea8ured
reliably.
Expenditure on charitable activities include8 all c08t8 incurred by a Charity in undertaking activities that
further it8 charitable aims for the benefit of its beneficiaries, including those Support costs and cost8 relating
to the governance of the Charity apportioned to charitable activitie3.
Financial In8trument8
'I"he Charity only has financial a88et8 and financial liabilities of a kind that qualify a8 basic financial
instruments. Basic financial instrument8 are initially recogni8ed at transaction value and subsequently
mea8ured at their settlernent value.
Cash at Bank
Cash at bank and cash in hand includes cash and 8hort term highly liquid inve8tllLent8 Wlth a short maturity
of three month8 or le85 from the date of acqui8ltion or opening of the deposit or similar account.
Creditors
Creditor8 and any provisions Are recognised where the Charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the anwunt due to 8ettle the
obligation can be mea8ured or e8timated rcliably. Creditor8 and provi8ion8 are normally recognised At their
fjettlement amount after allowing for any tradc diBcounts due.
4. Donation8 and Legacles
9024
gog4
20g4
2028
Unre8tricted
Funds
Restricted
Funds
Total Funds
Total Fund8
Donation8
Donations & legacie$
Gift Aid
500,400
88,310
5,365
38,710
S.365
52,824
5.449
000.400
41.676
54g.075
08,278
go£5 restricted income consisted of £27. 124 from Donations and £4,036 from Gift Aid.

REFORM CLUB CONSERVATION CHARITABLE TRUST
NOTFS TO THE FINANCIAL STATEMENfs FOR THE YL4R ENDED 81 DECEMBER gog4
6. Expenditure on Charitable AetAvitie8 by Fund Type
2024
go94
gog4
2028
Unre$tri¢ted
Fund¥
Re8tricted
Fund8 Total Funds
Total Fund
Collection purchases
Other charitable activity
89,549
£,858
9£,405
3,246
8.946
s,246
8,g46
gog8 re8tricted expenditure con518ted of£77,5t50.
6, Analy8ii of Support Co8t8
gog4
9023
Total
Total
Governance and related cout8
759
75g
7. Th￿tee0,. Remuneration and Expen8e8
None of the Trustee8, or perBoll8 connected with them, received remuneration or reimbursement of
expenBe8 during the year or prior year.
The Charity did not have any employee8 during the year.
12

8. Analy818 of Charitable Funds
At81
December
2024
At i January
2024 Income
Expenditure
Unre8tri¢ted Fund
Restricted Fund
26,525
4,337
01,916
,41,675
648,951
17,946)
520.495
86,012
606.507
70,862
7.948
At81
Deeember
gog8
At i January
2028.
Income
Expenditure
Unrestricted Fund
Restricted Fund
16,258
90.727
49,474
81,160
60,684
(19,907)
77,550
96.757
ge,525
44,S87
106,980
70.862
18