ChaTity registration number.. 1160612
The Watlington Club CIO
Annual Report and Financial StateTncnt5
foT the Ycat Ended 31 March 2024

The Watlington Club CIO
CoDtellts (continued)
Relerence and Administrative Details
Trusl¢es' Report
2104
Statement of Truslees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Noies to the Financial Staiements
9t017

The Watlington Club CIO
Reference and Administrative Details
Charity Registration Number
1160612
Principal Office
20 High Strttt
IV2tlingtun
Oxfordshire
OX49 SPY
Independent Examiner
Woodwhite Accounlanls J.(d
Unli 4, City Limits
Danehill
R¢ading
Bcrks'hire
RG6 4UP
Page I

The IYat]ington Club CIO
Trustees, Report
Thc tnjstees prc5cnt ihe am]ual report togcther ￿1{h thc t-ll￿ncIal stalements of thc charity for the year ended 31
March 2024.
Objectives aod actiTrities
Objecls and aims
To furthcr or benef&t the regidents of Wailington Parish and the neighbourhood, without distinction of sex.
sexual orientation, racc vr of political, religious or oiher opinions by a8sociating logciher Ihe said re5identb and
Ihe local authorities, volunurv and other organisaiion.8 in a common effort fo advancc cducalion and to provide
facilitics in the interests of social welfare for recreation and leisure time occupation wryth the objective of
itnproving the conditions of life for the rcsidenls.
Public heAefit
Thc Club is a rLgistered charity and has a long hislory dating biick to 1859. In thc 1920.8 thc Rcv. IlillgrDve c.ox
purcha.qed the property known as Iligh Sireet Housc and placed il in trusl for Ihe benefit of thc residcnts of
Wailington, originallv as the "War Memorial Club-. In the 1970's the members set aboul improving and
updating the facilities and it was also reconstituled in the 1970's as a sports and social charitable institution. It
cutrently supports seclions playing bowls. tennis. table tennis. squash and rackeiball.
The trustees confim that they have complied with the requiremenis of section 17 of the Charilies Act 2011 to
have dut regard to the public benefit guidance published by the Charity Commission for England and Ivales.
FAnan¢Ral review
The StatcinLllt of Financial Activities of tbc Club show a surplu5 of £23,817 (2023 dcficil of £3.782). The
closing funds carricd torwaTd siood at £449,7?1 (2023 - £425.904).
Our charitable aclivities both iT]doots and ouidoors have both continucd lo gtow as meinbership of our sporting
sections increascs. Our rental income is lower Ihan in 2023 as ￿'e have takcn a decision to reduce conuncrcial
Icn¢incies in our main building 10 enable this dcvelupmcnt. We continue lo suppori struggling tenants where
possible in order to protect oui income available for charitable acti￿ltieS and have largely avoidcd Ihe problems
M'e encounlcred (and costs we incurrcd) in 2023 iviih problem tenaTJcies.
We continue to manage closely the use of ihe charity's available ￿ndS in light ol the current financial
headmqnds. We hafve continued to repair our key ￿$¢￿ ￿tre necessary bui hai'e been tighter on discretionary
spend on other renol'ations and improvcmenls. We have renegoii&iied our main cnergv supply contracts in the
ycar, which will incrcase oiir ongoing costs. but pro￿￿dcb sccurity of supply for thc forthcoming fcw years. Wc
regularly review- and GhaTJge whcrc nccessary - our othcr kcy bupplier relationships lo ensurc that we continuc
to get best value for moncy.
Despilc lower incoTnc the decisions we have taken this veaT and lasi have resulted in our gencraling a %urplus for
tl)e year. This provides with some flcxibilitv around our charilablc aclivilies and our property porilolio. We
have developed ambilious plans for rcnoi."ation and increased usage of our available space and will scek to
3upplement our e7(IstJng avETrilable funds ￿'ith grant incom¢ where possible in order tts put these plans into action.
Shortly after the year end, N4'c finally closcd outsiandlng clairns to busiThcss rales from our Ioc21 authoiiry.
I-Iaving successfully argu¢d for a reappraisal of our floor space split, our polenlial liabllity reduced significantly.
in addition, we were able siiccessfully claim relief5 to ieduce this ￿rther. As a result, a SMAII provision was
mad¢ in our dccounts this ycaT foi oulslanding raTes charges relating to the years up to and cnding 3 1st March
2024.
Page 2

The Watlington Club CIO
Trustees, Report (continued)
Truste¢s and O￿l¢erS
The trustees and officers serving during the vear and since ihe year end ￿tre as follows.
Trusiees-
Adam Beveridge, Cjeneral Trustee (appointed l May 2023)
Pclcr BTuok, General l-rustcc
Charlcs Eales, Chair. Tenni5 scctiun
PeregYine Heathcote, Chair, Squash and Racketball sectt.on
Christy Louise King.. Gcncral TtuslLe (resigned 9 October 2024)
Ke￿.in Mears. General Ttuslee (resigned I l October 2023)
Maurccn Norton, Chair, Bowls scc(ion
Angle Paterson. General Truslee
Neville Smith. Generdl Trutriiee
Structurei gov¢rn*nce and maDagement
'fflHre ofgoverniNg documewl
The Club is a cbaritable incorporated organisation (CIO) limited by guaTanlee and registered as a charity on 24
February 2015. The name of ihe charitable company as listed in the Register of Charities is The Watlinglon
Club CIO. The charitable company is governed under the CUTrent conslilution.
The registcred and principal address of the charity is 20 High Street. ￿latI1ngto￿, OX49 5PI'.
RecrMitmeHI and appointmenl oftrustees
Membership ot ihe CIO is open to anyone who is interested in furthering it's purposes. The Trustees will
consider the suitability of any applications tor appointsnenl as Trustees. New applications Thill be subject to
checks to ensure suitability of Candidates and proNidcd these are validated ihen Tn]stees will vote on all new
appointmcnts.
Angle Paterson was duly rc-clccted a8 c.hair of TTUSt¢es in the Club's most recent AGM hcld on 9th Octobcr
2024. The offices of Secretary and Treasurer are bolh currently vacant.
Organi.¥alifjnal.¥lruclure
The Trustees dercrmine the direction and general policy of the Club in line with the Charity's objectives. The
folluwing roles are Cli￿entlY allocatcd to Trustees: Chairperson, SeLielJrv ¢ind Treasurer. TnLStees mectings are
usually monthly throughout the ycai. The Club's facilities are managed by an external pmperty Tnanagcment
company.
Finaneial instruments
Objeclives andpolicie5
The Lharity's aclivi(ies expose il to credit risk. The charity docs not use derivaiive finaT]cial instruments for
speculative purposes.
Page 3

The Watlington Club CIO
Trustees. Report (continued)
Credit risk
The charity's principal financial assets are bank balances and eas￿ trade and other receivables, and property
investm¢nts.
Thc charity's credit risk is PTimarily attributxble to its trade rcLciv2bles. The amounts picscnted in the balance
sheei are nel of allowances for doubtful reccii'ablcs. An allowancc foi itnpaim)ent is madc where thcrc is an
ideniified loss cvcnt ￿.hich, basL"d on previous cxpcricnce, is evidencc of a rcdLLclion in thL reLoverabilily ofthe
c&%h flows.
The credit risk on liquid funds is liinited becau5c the counterparties aic bank% with high credit-ratings assigned
by inlcTnational credit-rating agencies.
The charity has no significant concentration of credit risl with exposure spread over a large number of
Counterpanies and ¢ustomers.
The any)ual report was approved by the tn￿ee5 of the charity on 13 NTovember 2024 and signed on its behalf by..
Angic Paterson
Truslcc
Page 4

The Watlington Club CIO
Statement of Trustees. Responsibilities
The trustees are responsiblc for Preparing thc tTUStccs' report and the financial statements in accordancc with Ihe
United Kingdom Accounting Standards (United Kin¥doTn Gcncrally Accepled Accounting Practicc) Jnd
appltcable law and regulations.
The law applicablc lo charities requires the trustee5 to prcparc financial slatemenls for each hnaD¢ial year which
give a true and fair vicw, of ihc state of affairs of the charity and of the incoming re.wurces and application of
resuurccs of the ¢harily for ihat period. In preparing these financial stalcments, the Trustees are required to-.
select suitable accouniing poli¢i¢s and then appl). thcn] consistently-
observe Ihe niethods and principles in (he ChaTilies SORP-
make judgenienls and estimates that are reasonablc and prudent;
state whether applicable accollnting standards have bttn followed. subject to any material departurcs
disclosed and Lxplained in the financial statenients- and
prcparc thc financial statenients on thc goinu conccTn ba515 unlcss il is inappropriate to prcsumc ihdl the
charity will conlinuc in busine&s.
The trustees are responsible foT keeping proper accounting record5 thai disclose with rcasonable accuracy at any
lime the financial posilioll vf Ihc charity and enable thetn lo ensure that ihe financial statcmcnls comply wilh the
Charilies Aci 2011. the C.hariliLS {Accounts and Rcportsl Rcguiaiions 2008, and the provisions of the
constitution. Thc tru%iees are also responsible foT safeguarding Ihc assets of the charity and hence for taking
reasonable steps for the prevention alld deiection of fraud and other i￿egular1ties.
The trnslees are responsible for Ihe mainienance and integrity of the COTPOTale and fmancial inforn)alion
included on tlie charitablc cumpany's wcbsite. Legislaiion goTrerning the prcpaiation and disseminatiun of
flltsllctal slalemenls may diffcr froni Icgi51ation in other jurisdictions.
Approved by the In￿lee$ of the charity on 13 Novcnibcr 2024 and signed on ils behalf by..
Angle Paterson
Trustee
Page 5

The Watlington Club CIO
Independent Examiner's Report to the trustees of The Watlington Club CIO
I rcpon to the trnstccs oll my examinalion of the accounts" of The Watlington Club CIO for thc year cnded 31
March 2024.
Responsibilitie5 and basis ol report
As the charity trustees {?[ Thc Watlinglon Club C.10 )ou arc responsiblc for the preparation of the accounts in
accoTdaT]ce with the requiiements of the Charities Act 2011 ('the Act.).
I rcport in respect of my cxaminalion of the The IA atlington c.lub CTO'S accounls carried out under section 145
of the 2011 Act and in carrying out m), cxarninarion I have follo￿.ed all the applicablc Directions given bs.. the
Charity C.'on)rni8sion under seciion 145(5){b) of the Act.
IDdependent examiner's st¥tement
I haTrc completed my exaTniniltRon. I confirni that no material matters have comc to my attention in conncclion
qth the examination givingi me causc to bclici'c ihal in aJ)y material rcspccI=
accounting record5 wcre nol kepl in respect of Thc Watlington Club CIO as required by section 130 of the
2. the accounts do not accord with those r￿OrdS- or
3. the acccbunts do not CQTnply with the accounting requirements concerning ihtr lorm and content of accounts
sei out in the Charities (Accounts and Reports) Regulaiions 2008 oEher than any requirement Ihat the
accounts give a 'lrue and fair view Nthich is noi a matt¢r considered as part of an independenl
examination.
I have no concerns and havc come across no oihcr matters in connection with thc cxamination to which attcntion
should be drawn in this report in order to enable a propcr undersranding of the accouvbts to be reached.
Keith Westran
ICAEW
Unit 4, City Limits
Danehill
Reading
Berkshire
RG6 4UP
Datc.. IS ,
Page 6

The Watlington Club CIO
Statement of Financial Activities for tbe Year Ended 31 March 2024
UDrestricled
funds
Restricted
fuDds
Total
2024
Note
Income and Endowment5 from:
Donations and grants
Charitable aclivilies
Investment income
Other inconie
2.065
48,489
556
74.810
2,065
48,489
556
Total income
125.920
125,920
Expenditure on:
Charitable activities
(102,103)
(102,103)
Total expenditure
(102,103
102 103
Nel income
Nel movcment in funds
23,817
23,817
Reconciliation of funds
Total fiEnds broughi lorward
425.904
425,904
Total fiu]ds cartied fonvard
14
449.721
449,721
Unrestricted
funds
Restricted
funds
Total
21123
Iyote
Income and EndoTrvmenls from:
Donations and grants
Charitable activiiies
2.703
41,731
220
88,374
2,703
41.731
220
88.374
Investment income
Other income
Total income
l JJ,028
133.028
Expenditure on:
Charitable aclivilies
(136.810
136,810)
Totdl cxpcnditure
(136.810)
(136,810
Net expcnditure
(3.782)
3.782)
Net movement in funds
(3.782)
{3,782)
Reconciliation tsf funds
Totdl funds brought forward
429.686
429 686
Total funds carried forw•rd
14
The funds breakdoivn for 2023 is showw in note 14.
425.9114
425,904
The noies on pa￿￿eS 9 to 17 forni an integral part ol these fU￿ncIal slatemens.
Page 7

The Watlington Club CIO
(Registration number: 1160612)
Balance Sheet as at 31 March 2024
2024
2023
riote
Fixed assets
Tangiblc assets
io
279,113
282,819
Current asset5
Debtors
Cash ai bank and in band
li
12
346
179.876
10,614
154.219
180.222
164.833
Creditors: Amounts falling due within one Trear
13
(9.614
{21,748
Net current asset5
170.608
143,085
Net a$sets
449.721
Fund5 of the eharit).:
Unre5tri¢ted ineome funds
UnrcstriLted ￿ndS
449 721
425,904
Total fllnds
14
449,721
425,904
The financial slatcmenls on pages 7 to 17 wcrc approved by ihc In￿lee5, and authorised for issue on 13
November 2024 and signed on Ihcir behallby..
son
T￿st¢¢
The notes on pages 9 to 17 forn) an integral part of these f￿ncial slalements.
Page 8

The Watlington Club CIO
Notes to the Financial Statements for the Year Ended 31 March 2024
l Accountin% polities
Statement of eomplianie
The linancial statements have beeD prepared in accordance with Ihe second edition of the Charities Statement of
Recornmendcd Piactice issued in Octobcr 2019: Fi￿nCl￿1 Reporting Standard applicablc in thc Unitcd
Kingdom and Republic of Ircland (FRS 102) and Ihc Chariiies Act 2011.
Basis of preparatio
The Ivatlinglon Club CIO meets the definition of a public benefit cntity undei FRS 102. The accounls (financial
statements) ha￿'C bcen prepared undcr the hislorical c05t convention willi iteins recognised at C05t or Iransaclion
value unless otherwise stated in the Telcvant noie(s) to thcsc accounls.
Coing concern
The trnstees consider that there DO material uncertainties about the charitys ability lo continue as a going
concern.
Income alld endowmeDts
Voluntary income including doTJations, gifts, legacies and grants thal provide core funding or are ora general
nature 15 recognised when ihe charity has entitlement to the income, it is probable that the inc0￿e will be
received and thc amount can bc mcasurc(I with surficienl reliability.
Donations and legacies
DDTJatiuns and legacies are recognised on a receivable basis when receTrpt is probable dnd the amount can be
reliably meagured.
Grantf receivable
Grants arc recogniscd whcn ihc charity has on entitlement to the funds and any conditions linkcd io the grants
have been met_ Whcrc pcrforn]ancc Londilions are allached to the grant and are yct to bc mct: thc income is
recognised as a liability and included on the balance theet as d¢f¢rr¢d incomc to bc rclca5cd.
Deferred income
Deferred incomc reprcsLnts amounls received foT future periods and is released to incoming resourccs in the
period for which, tt has been received_ Such incomc is only dcferred when:
- The donor spccifies ihat thc grant or donation must only be used in accounting pcriods. ur
- The donor has imposcd conditi(bns which must bc mci bcfore Ihe charity has unconditional entitlernent.
Expenditure
All expenditiirc L5 recognised once there is a legal or constructivc obligation to that cxpenditure, it is probablc
settlement is rcquired and the amount can be measured reliably. All costs arc allocaled io the applicable
expenditure heading ihal aggregale similar ¢osls to thal cat¢oory. Wherc costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with Ibe use of resources, with central staff
costs allocalcd on tbe basis of time spent, and deprecialion charges allocaied ihe portion ot the asset's use.
Other support COSts arc allocaied based on ihe spread of sthff costs.
Page 9

The Watlington Club CIO
Notes to the Financial Statements for the Year Ended 31 Nlarch 2024 (continued)
Charitable uclivilies
Charitable expenditur¢ comprises those cosTs incurred by the charity in the delivery of its activilies and serviccs
for its beneficiaries. It includes both costs that can be allocated directlv lo such aciii'ities and Ihosc costs of an
indirect ndture n¢¢essary to support them.
Support costs
Support costs include central fvnclions and have been allocated to aclii'ily cost categories on a basis consistent
with ihe use of rcsourccs, lor exaniple. allocaiing property costs by floor arcas, 01 per Capita, staff costs by the
time spent and oiher costs by Ihcir usage.
Governance costs
These include the costs attributable to ihe charity's compliance wilh constilutional and statutory requirements,
including audit, strategic management and Iruslees meetings and reimbursed expenses.
Govcrnmcnt grants
Govcrnrnenl grant.s are recogniscd based on the ac¢n￿l model and are mea5urcd at the tair value of the assct
received or TeLeivable. Grantb are classified as relating either lo ievcnue or lo asseL8. Grants relating to r¢venuc
are recognised in incornc LTrver Ihe period in which Ihe related costg are recogniscd. Grants relatingy lu as>els are
recognised over th¢ expected useful life of the asset. Whcrc part of a grant relating LO an asset is deferred, it is
recognised as defe￿¢d incomc.
Taxation
The charity is considered to pass the lesls set ou1 in Paragraph I Schedule 6 of the Finance Act 2010 and
Ihcrelore it mect5 the dcfmition of a charilablc companv for IJK corporalion tax purposes. Accordingly, the
charity is potcntially exempt from taxation in rcspcct of incomc or capilal gains rcccived within catcgoncs
coi'cred by Chaptcr 3 Part I l of thc Corporation Tax Act 2010 or Scction 256 of the l-axation of Chargeable
Gains Act 1992, to the cxtent thai such incorne or gains are applied exclusively to charitable purposcs.
Tangible fixed assets
Thc Charity owns the freehold tiilc of18 and 20 High Streei IIFatlington including the land lo Ihe rear of them.
This was giftcd to the Charity at it's inceplion and as such is noi shown included ￿rythIn tangible fixcd assets.
Individual r￿ed a%sets co8ting £ 1.000 or inore are initially recorded at cost. less any subsequent accumulated
depreciation and subsequent accumulated impairnient losses.
Depreciation and 2mortj5ation
InLliidLd within fixcd assets under frcchold propcrty is a building extcnsion w,hi¢h, in th¢ vicw of the Trustces,
18 impractical to separalc into compo%iie elements under F-RSI 02 and therefoTC has not been subject to annual
depreciation and is sialed as tt's hislotic cosl. Futhre replacement> of aspec15 of the extension will be shown
under repairs 2nd mainienance in the SOFA as incurred. Depreciation is prvi'ided on all other tangibl¢ fixed
assels so as to ivrilc off the cost or valuation, Icss any estimated iesidual value, over their expecled useful
eronomic life as follows=
Land &. Buildings - Noi depreciated
Furniture & Equipment - I1- 20 Years
Page 10

The Watlington Club CIO
Notes to tbe Financial Statements for the Year Ended 31 Thqarch 2024 (continued)
Stock
Siock is valued al the lower of cost and estimaled selling price les5 Costs to completc and sell. after due regard
for obsuletc and slow moving stocks. Cost is de￿MIlned using the first-in, first-out {FIFO).
Trade debtors
Trade debtors are amounts due trom tenants in respect of outstanding rents oived.
Trade debtors arc rccognised initially at the ttan5aclion price. They are subsequently measured at amortised cost
usiniF the effcclii'e inlerebl meihod. less provision for impainncnt. A provision for the impairnicJ]t of trade
deblors is established ￿hen there is ubjeclive el'idence that the charity will not be able lo coll¢ci all amounts due
aLcording to the original temis of thc Tcceiiiap bles.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and oiher short-temi highly liquid
inveilmcnts that are readily coni'ertible to a known amounr of cash and are subject lo an insignificani risk of
change in value.
Trade creditOTS
Trnde creditors are obligations lo pay for goods or scrvices that havc bccn acquired in the ordinary COUTse of
business from suppliers. Accuunts Paydble are ¢la5sifJed as current liabilities if thc charity does not havc an
unLondilional right. ai the end of thc reporting pcriod, to defei settlement of the crcditor foi ar leasi twelve
month% after the reporting ddte. If ihere 18 an unconditional right lu defer settlement for at leasl ttvclve months
after the reporting dale, IhLy ale presented as non-current liabilities.
Borrowings
Intcrcst-bearing bOrro￿,]ng￿ arc initially recorded at fair valuc. net of transaction costs. Inlcrest-bearing
borrowin45 are subsequ¢nilv carried at amortised cost, i*ith the difference bettN'een the procceds, n¢t of
transaction costs, and the arnouni due on redemption being recogn15ed as a charge to the Statemeni of Financial
Actii-'ities over the period of the Televanl borrowing.
Interest expcnse is rccognised on ihe basis of the effcctive inrercsl rncihod and is included iii interest payable
and similar charges.
Borrowings dre classificd a5 curreni liabilities unless thc Lharity hd5 an unconditional right lo defcr settlemcnt of
the liability for at least twclvc monihs after the reporting date.
Fund structure
Unrcslrici¢d income funds are general [l￿dS ihal arc available for use al the I￿Ste¢S discretion in furtherance of
the objective5 ofihe charity.
Financial instruments
Classificalion
Financial asscts and financial liabilities are recooniscd when the charity bccomes a party to the contractual
PTovisions of the in5truTnent_
FiTkanLial liabilitiLs and equiry instn]mcnts arc cla55ified according to the substancc of the contractual
arrangements cntercd intl). An equity instrnmcnt is any ciTrntract that ei'idcnces a residual inlere.st in thc asscls uf
thc charity after deducting all ol ils liabilities.
Pagell

The Watlington Club CIO
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Recognilion and meusuremenl
All financial assets dnd liabililies are initially measured at transaction PTice (including transaction costs). except
for those financial assct5 classificd as al lair value Ihrough profit or loss: which are iiiitially measurcd ai fdir
value (which is nonnally the transa¢tion price cxcluding transaction costs), iinless the arrangement constitutes a
financing transaction. If an arrangemeiit constithte5 a tinanLing trdn5action: the linancial assel or financial
liability is Tneasurcd at the prcscnl value ot. the fi]ture payments discounted at a market ratc of intcrc51 t-or
similar debt Lristrument.
Financial assets and liabilities arc only offbel in the statement of financial posttion when, and only whcn there
exists a legally enforceable righl to set off the recogniscd amounts and ihe charity intends either to settlc on a
nct basis, or lo realise the asset and Settle the liability simulianeously.
Financial assets are derecogEll5ed when and only H'hen a) the contTactual right.s to the casl) floivs from Ihe
fjnancial asset expire or are settled. b) the chatity translers lo another partv substantially all of the risks and
Tewards of ownership of the Ilnancial assei. or c) thc charity. despite having rutaincd son]e. but not all,
significant risks and rewards ol" ownership. has transferred control of the asset to anothcr party.
Financial liabililies are derecognised only when the obligation specified in thc contract is discharged, can¢¢lled
or expire8.
Fair value measurement
Thc bebl evidence of tair valuc is a quotcd pricc foi an identical asset in an actiTrc nidrket. lilhen quoted pri¢es
arc un&vaildble, the pricc of a rcLcnt trdnsaLlion for an identical asset providcs cvidcnLC Ot fair value as long as
there has not been a significant changc in cconomic circunL4tan¢es or a significant lap￿ of tiFnC 51nc¢ the
transaction look place. If the maTket Is nol activc dvjd recenl Iransactions Of an identical asset on their own are
not a govd estimalc of fair ￿alUe, the fair Value is estimated by using a valualion technique.
2 Tncome from dollations and grants
Unrcs¢ricted
funds
General
Total
2024
Total
2023
Donations and legacies-
Donations from individuals
Grants, including capital graTJts'
Govcrnmenl granls
1.565
1.565
,203
500
5VO
1,500
2,065
2,065
2,703
Page 12

The Watlington Club CIO
Notes to the Financial Statements for the Year Endcd 31 ￿llar¢h 2024 (continued)
3 from charilable aetilrylies
Unre5trieted
funds
General
Total
2024
Total
2023
Mcmbership
Sports scction income
Room hire
31.854
13,579
3,056
31.854
13.579
3,056
-10.157
9,010
48,489
48.489
4 Olher incomc
Unrestricted
funds
General
TotAI
2024
Total
2023
Rental income
74.810
74.810
5 Expenditure ou Charitable activities
Llnrestricted
funds
General
Total
2024
Ttstal
2023
Note
Sport5 5CLtion costs
Governance and support cnsts
12.288
89.815
15,926
120,884
89,81)
10? 103
102,103
13(),810
Page 13

The Watlington Club CIO
otes to the Financial Statements for the Year Ended 31 March 2024 (continued)
6 Analysis of governance gnd support cost5
Unrestricted
Total
2024
I'otal
202.1
General
Property related expense%
Depreciati(Trn, aniortisation and oiher similar costs
Markcling and publicity
Othcr (yovcrnancc Losts
Independent Examiner's remuncration
Legdl lees
68,352
8,920
715
7,628
3,150
1.050
68,352
8.920
715
7,628
3,150
1,050
86,224
8,920
839
17,272
2,995
4,634
89.81)
89,815
120.884
7 Trustefs remuneration and expenses
No trustees, nor any pcr50ns conneclcd with them, have received any remuneration from thc charit}, during th¢
year.
No trustees have receivcd any reimbursed expenscs 01 any other benefits from the charity during tl)e year.
8 Independent eiaminer's remuneration
2024
2023
Examination of thc financial slalcmenis
3,150
9 T2X2tion
The charity is a regislered charity and is therefor¢ ¢xempt from tsxation.
Page 14

The Watlington Club CIO
,Yotes to the Financial Statements for the Year Ended 31 March 2024 (continued)
10 Tangible fixed assets
LaDd and
buildings
Furniture and
equipment
Total
Cost
At l April 2023
Additions
245,897
142.952
388,849
At 31 March 2024
245,897
148 165
394.062
Depreciation
At l April 2023
Charge for the )'car
106.030
8,919
106,030
8,919
At 31 March 2024
114,949
114,949
Net book value
At 31 March 2024
245 897
279,113
At 31 March 2023
245.897
36.922
?82,819
I l Debtors
2024
2023
Tradc debtors
346
10,614
12 Cash and cash equivalent$
2024
2023
Cash at bank
Short-term deposits
66,346
113,530
34.459
19,760
179.876
154.219
Page 15

The Watlington Club CIO
Note5 to the Financial Statements for the Ycar Ended 31 March 2024 (continued}
13 Creditows: amounls falling due Ivithin one vear
2024
2023
Trade Creditors
Other creditors
Accruals
Defetred income
{107)
2.630
3,455
8,647
4,400
2,995
9,614
21,74S
14 Funds
BAlance at I
April 2023
Incoming
resources
Rc50urtts
expended
Bal2n¢e at 31
,VAarch 2024
Unrestricted lunds
General
425.904
125.920
{102,103)
449,721
Balance at I
April 2022
Incoming
resources
Resources
expended
Balance xt 31
March 2023
UnrestrlLted funds
(Nencral
429,686
133.028
136,810)
15 Anal)'sis of net funds
At l April
2023
At 31 March
2024
Casb flow
Cash bank and in l)and
154,219
25,657
179,876
154,219
At l April
2022
25,657
179,S76
At 31 ￿larch
2023
Cash flow
Cabh al bank and in hand
146.560
7,659
154,219
146 560
154219
Page 16

The Iyatlington Club CIO
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
16 Analv5is ol llel assets betw'een funds
All asscls and liabilities at 31 March 2024 and 31 Mdrch 2023 rLlatc tu unteslticlcd funds.
Page 17