THE WINE TRADE SPORTS CLUB FOUNDATION (A eompany limited by guarantee) REIPORT AND UNAUDITED FINANCIAL STATEIVIENTS FOR THEI YEI AR ENDED 31 DECLMBER 2024 Company Number 7890704 Charity Number 1146874
THEI WINE TRADII SPORTS CLUB FOUNDATION COIYTEI NTS Page Ti'ustees, Report 1&2 Independent Examiner's Report Stateinent of Finallcial Activities Balanoe Slieet Notes to the Accounts 6&7
THE TRADEI SPORTS CLUB Eiouf41)ATION REI PORT ofi THE TRUSTEES Tlie trustees pi'esent tlieir report and the accounts for the year ended 31 December 2024. ReferenLe and Administi'ation Information Cliarity Name: The Wine Trade Sports Club Foundation Charity Registration Niimber.. 1146874 Company Rogistixtion Number: 7890704 Regist¢iEd Office: Glo Begbies 9 Bonhill Sti'eet London EC2A 4DJ Board of Trustees (wlio are also direotors of the ooJnpany): Mr C Tavei'ner (Chaiiman) Mi. E Demeiy Nfr N Last Mr M Leveson-Gower Mr C Eliott Locld]art Ms C L Marcuson Mr J Read Pi'incipal BaEJkers CAF Bank, 25 Kings 14111 Avenue, West Malling, Kent ME19 4JQ Accountants Begbies, 9 Bonhill Street, London EC2A 4DJ Solicitors Charles Russell Speechlys, 5 Fleet Place, London EC4M 7RD Investsnent Advisors J M Finn & Co, 25 Coptball Avenue, London EC2R 7AH and Chai'les Stanley & Co, 25 Ropsrnaker Street, London BC2Y 9LY
THE WINE TIL4DE SPORTS CLUB fi OUNDATION REPORT ofi TEtCi TRUSTEES (CoNTID) Activilies and Objeetives Tlie Inatn object of the company is to beiiefit those employed oi. formei'ly employed in the wine and spirit and ancillary trades, and tlieii. dependents. Tliis includes the genei'al relief of pov61ty among SUGII iiidividuals and support of the Drinks Ti'LlSt (foi'merly tlie Wine and Spirit Trades Benevolent Society). The activities of tlie coinpany are undertaken to fLlrtlier its cliai'itable purposes and the trustees have Ii&d regard to the gliidance issued by tli8 Charity Commission on public bejiefit. Structui'e, Govei'nallce and Management The coinpaThy was iiicorpoi'ated as a chai'itable coinpany limited by guarantee on 22 Decembei. 2011. The conipany took ovei. the assets of the Wine Trade Foundation, a cliai'ity with the same activities and objectives which liad been fortned by a Declaration of Trust dated 17 July 1973. On 22 November 2012, tlie company inei'ged into its balance slieet Élle assets of the Vine Products Einployees, BenefLt Fiind, a charitable ti'ust WLth siinilai. objectives to the company. The Fund is now adiniiiisteft'ed a5 pai't of the propeLty of the coinpany subject to the resti'iction that when applying the propeity transferred the company must give prioTity to the original beneficiaTies, The management of tlie affairs of the coPanY is conducted by the trustees, who meet hvice & year as minimum, and more frequently if considered necessary. MiehAel Hasslaeliei. The triistees repoit, with great sadness, the death of Michael Hasslaclier on 2 March 2024. Michael was one of the founder tt'ustees of die Foundation, and had resigiied oil I laiiiiary 2024 having served for fifty years as a trustee and chairinaTh. Achievements and Finan¢i81 Revlew Tlie trustees met twice during tlie year to agree the recipients and amovnts of grants and donations. The ijivestinent poirfolio performed in line witli equity markets. Plans for the Future Tlie triistees intend distributing all oi. Inost of tlie net income of th¢ Gharity as cliai'itable grants and donations. The investtnent portfolio will be maiiitained to provid¢ a Lea50nable balaiic¢ betwesii income generation and capital appreciation, Approved by the ti'ustees on and signed on their behalf by,. Chai'les Taver Chairman (2)
INDEPENDENT LI XATVIJNER'S REPORT TO THCI TRUST1 s ofi THE WINE SPORTS CLUB fi OUNDATION l i'eport to the chai'ity trustees on my examination of the accounts of the Company for the year ended 31 Decembej. 2024. Responsibilities and basis of i'eport As the cliaTity's ti'iistees of the Company (aiid also its dii'ectoi's foi. the puiposes of coinpany law) you are responsible foj, tlie prepai'atÈon of the acfjounts in accordance with tlie L'equirements of the Companies Act 2006 ('the 2006 Act,). Having satisfled myself tliat the accounts of the Con]pany are not reqiiired to be aiidited undei. Part 16 of the 2006 Act and are eligible for independent examination, I ieport in respect of my examination of your oharity's accounts as cai'ried out undei. section 145 of the Charities Act 2011 ('the 2011 Aot,). In oariying oiit my examination I have followed tlie Directions given by the Chai'ity Cominission under section 145(5) (b) of tlje 201 l Act. Independent examiner's statement I liave completed my examinatioii. I confirm that no matters have come to my attention in ¢onne¢tion witli tlie examuiation giving ine cause to believe.. aeoounting i'ecords wei'e not kept in respect of tlie Cojnpany as required by section 386 of the 2006 Act; oi. the accounts do not accord with tliose iecoi'ds. or the accounts do not comply with the accounting requiremeiits of section 396 of the 2006 Act otliei. than any i'equii'ement tliat the accounts give a'true aiid fair, view which is not a matter constdered as part of an independent examination. OT tlie accounts have not been prepw'ed in accoi'dance witli the methods oiid principles of the Statement of Recommended Pi'a¢tt¢e for accounting and reportiiig by charities (applicable to charities pi'eparing their accounts in accordance with the Finaiicial Reporting Standard appltcable in the UK aiid Republic of eland (FRS 102)), have no concei'ns and Iiave come across no otlier inattei-s in Connection with the examinatioti to which attention should be drawn iii this i'eport in ordei. to enable a PL'oper understaiiding of the accoiints to be re&clied. Signed,, Chi'istopher Pexton, fcA Begbies, Chartered Acoountants 9 Bonhill Street, Loiidon EC2A 4DJ Date:
THE WINE TRADEI SPORTS CLUB fi OUNDATION STATLIVIENT OF F]NANCIAL ACTIVITIES (]NCLUDING INc0E è¥M) EI XP[I EITuRl ACCOUNT) riOR THCI YEAR LI NDEI D 31 DECEI MBER 2024 2024 Total riunds 2023 Total Funds Notes Income from:_ MiGliael Hasslaoher Memorial and Walk Charity Auction and kn)niveisaiy Dinner Spoitts Club Quix Investment Income 7,011 6,675 2,717 33,758 43,150 2,754 32,845 42,610 Total Expenditure On:. ivesttnent Management Fees 11,550 11,263 Charitable Activities: Grants and Donations Fundraisllig Costs (Ilnniversary Dinner) Accountancy Charges Sundry Expenses Total 41,200 550 3,060 1,056 57,416 36,872 2,000 2,964 1,328 54,427 Net (Li xpellditure)IIllcome (14,806) (11,277) Gainsl(Losses) on Investment Assets Net Movernellt in Funds 36,935 22,129 75,560 64,283 Recoiiciliation of Funds Total Fuiids BL'ouglit Forward at l January 2024 Total 17unds Cai'ried Forwai,d at 31 Decen]ber 2024 1,434,886 1,370,603 £1,457,015 £1,434,886 {4)
Company No:7890704 THE WINEI TRADE SPORTS CLUB FOUNDATION BALANCE SHEET AS AT 31 DEI CEI Tr[Bl R 2024 2024 2023 Notes Fixed Assets Mvestments 1,432,544 1,404,753 Cuj'i'ent Assets Casli at Bank and In Hatid Debtor 21,717 2,754 24,471 30,133 30,133 Curi'ent Liabilities: Ci'editoi-s Falling Diie Witliin One YeaL' Net Cux'rtsnt Assets 24,471 60,266 Net Assets £ 1,457,015 £1,465,019 Funds Uni'esti'icted Funds £ 1,457,015 £1,465,019 Foi, the year ending 31 December 2024 the company was entitled to exemption undor s¢ction 477 of the Companies Act 2006 I'elating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Aot 2006. The directors acknowledge their responsibilities for complying with the i'equii'ements of the Act with respe¢t to accounting records and tlie preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies i'egiine. Approved by tlie Boai'd on and signed on ils behalf by ChRrles Tavei'ner: . Cbali'mall
THC( WINE TRAD£1 SPORTS CLUB FoifNDATION NOTEI S TO THE ACCOUNTS riOR THtI Y[4 AR EI NDED 31 DEI Cli IVIB£I R 2024 I) Accounting Policies Basis of Pi'epai'alion The Finaiicial Stateinents ar¢ prepared under th¢ Iiistoi-ical Qosl convention, witli the exception that investineiits 81'e included at inarlcet value. Tlie Ftnancial Stat¢illents have been prepared in accordance with tlie second edition of Accounting and Repoiling by Charities.. Statement of Recommended Practice applicable to chai'ities preparing their accounts in accordance with the Financial Reporting Standai'd applicable in the UIC and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and the Coinpanies Act 2006. b) Income All incoming resoui'ces are recognised once tlie charity has entitlement to tlie resources, it is certaiii that tlie iesouices will be received and tlie illOLietary value of iiiCOLning i'esoiirces oan be measured with sufficient reliability. Expendituj'e Liabilities are i'ecognised as resources expended as soon as there is a legal or construGtive obligation coinmitting the charity to the expenditui'e. All expenditure is accoiinted for on an acci'iials basis and has been classified under headings tliat ag.e8ate all costs related to tlie category. Grants payable al'e payments made to thii'd parties iii tlie fiJrthei'anc¢ of the chai'itablg objectives of the Ti'ust. The grants are accounted foi. when eitlioi. the triistees liave &'eed to pay the graiit witliout cottdition and the reoipient lias a reasonable expectation tliat they will receive a grant, or any condition attaching to the grant is outside the conti'ol of the Ti'ust. Ilrecoverable VAT is charged against tlie categoiy of resoui'ces expended for which it was incuri'ed. d) Gi'allt Mal(tng Policy Tlie ts'ustees receive requests foi. assistan¢¢ from qualifying beneficiai'ies which are considered by the trustees at tlieir regular rneetings and grants aW.ded in oircumstances considered to be appi'opriate, at the sole discretion of the trustees.
THE W]F4EI TRADE SPORTS CLUB FOISNDATION NOTES TO THEI ACCOUNTS FOR THE YEAR EI M)fi D 31 DECEIVIBER 2024 (CONTIfiuED) 2) Ti'ustees, Remuneft'Ation The ti'iislees received no remulleration, TE'ilSte¢s were I'eimbursed travel and expenses totalling £ Nil (2023.. £344). 3) Grants and Donations 2024 2023 Tli¢ Drinks Trii8t'. Unrests'icted grant Restricted gi'ants to support specific individual ben¢ficiaries ( Tlie Hasslaoliei. Gi'ant ) Restricted grant towards Vintry Lifeline and Gas Bills Hai-vest tour appeal 21,000 21,000 10,000 1,411 9,790 2,000 Gj'ants to a Vine Pi'oducts EBF beneficiary 8,789 4,082 41,200 36,872 4) Fixed Asset Investments Market Value of Investmellts at l January 2024 1,404,753 1,355,145 Additions at cost 129,958 158,235 Disposals at cai'rying value (139,102) (184,187) Nct gainl(loss) on revaluation 36,935 75,560 Market Value at 31 December 2024 1,432,544 1,404,753 Historical Cost at 3 l Decembei, 2024 1,169,523 1,167,294 5) Creditors FallAI)g Diie Witliin One Yeai. Grants Approved Unconditionally Other Creditors (7)