The Watlkngton Club CIO Contents (eonthiued) Tn¢el R¢port 2to4 Ststement of Financial Activities Notes kn the Fillan¢iil StateJJnts 917
The W2tllngtoll Club CIO Referenee and AdmlDistradve Detglls 1160612 20 Higb Str¢¢t Watlington OX49 SPY Independtht Exwlllr Xeinadin South E4St Lirnittd Unit 4, City Limits RG6 4UP
The Watlin8ti>n Club CIO Trustees, Roport The trusts&presthtth¢ wtherwith th¢ fjmom¢ilstyt•m¢ntsofth¢ ¢ltarity foTth¢pw¢trdpd31 MaT¢h2025. h¥ ow oJi81tr41 cuwitution, OUTobj¢dlv¢ is oWt•J ss.. tr11¢D10th. TorfpOlIÉita di8i•u$oFoth¢zopknIth by togeth¢rth¢ ssidFeSthK8 th101 atyhfflilie otsoTytyiWtoDslrt4 ¢oYLom ¢ff&rtto #dV•nV¢thK4tio•• w prov£d¢ facTlits¢5 itt th¢ intwes¢#of sth)i•l 4%%lfaTe foryocrt•tioti ond l¢iww¢ th¢ O¢aWiMwlth the obie¢ty¢ of iwwiti#thtcifflditioNof life forthe Ttystq¢s' * this ai the awb ¢xknx]8wb¢n¢fitth¢ Ni<knts•f W•¢bw0nl1b 4ndth•skro Its CthE pwpox is toptomth facilittes for 6p0¢ re¢re41 •Thl I¢istit¢ th•tPttthPb¢a1th wellb¢ih4ofth¥wllllnuDity.W¢ bthsloL¥I peopk l08wh¢T ro lok¢ill a¢tiviwthat¢n¢ow 4div¢ SOCI widercornmwbity Crprlln4ry focus i4 oRoff4Tin#4c<sslbk w Sod oppottTh#itiesfprTe8kdentstO •UQy4Ytottd k16w•iTr•fe ud cnvIramt.All oLNitses ar&pr•vid¢41 with op¢h¥(èYs• to all Nitstswithitl tht ofour114 b¥ikli The Club is 4 regered rknityDd h# •1on8hts¢orydatiti8 to 1859. Eu th¢ 1920'$th• Rev. Hillmcoxpuchu P[CErty known •$ High Stt¢¢t How¢ otsl pJa¢ed it iti trust thrth¢b¢nefisDftheTId¢iS ofW8tlitt8w 081118th 'ryV8r Memorwl Chb". In th¢1970Y the rnembtss xt bthrt iQWV>g8 UPd1 the f4eilitse4kd TL w•J 41 Yconstiwte4 in the J970'$ 1$ 8 •ul¢iai¢hTit•bl¢ h wrmilysuppoits secttWBpla)In8bDrttrMIi4 Tkn tswtees th that thyhave wlied withthe ViM¢Dts of ttOn 17 of the CbaTtiiuA¢t 2011 tshav¢Oo¢ ryaTd ts.th•public b¢Th¢fii8uid•c¢ pJblish¢dbyth¢ amity CND$10 for31W&S. Tho SthtetntntofFiMttcialAetsvi¢i¢sof thÈ Clyb&Tr•w• gJrplu¥ of£17.31Q f2024- of£23.81?l Thr¢losih& fim li¢4 fowd stood £467.03112024. £449,r21 iD¢Jt4ses attd 45 we s¢¢k to devehpotherq¢tivities tOrth¢e0mtyty.A repcthj l•st y¢trovrnlal iti¢oTh•i4 A8 ¢KCted. low¢rthJD in 2024•fterwook 4 d¢¢l8lonw n¢Ill tellanci¢$ in ourmain buildth¥ to r¢leaE¢Yr spa¢¢ atsd fa¢lliiies for¢oxlltywtyaalvits¢L Thw, whllst ow ITKm¢ is low¢r. w¢have 4bl¢f0o¢ro#d1tè a8T• S•¢ of ¥4¢Ksalld irLo¢is¢d ust of ourfa¢iliti¢L W¢ C•nliDti• to •Jrt¢nants atyj ¢v•tTrI reld ourspa¢tquicktytoprorectour iAeome svalJbkfop ¢lb#rftl¢a¢itVili¢$. W¢ ¢otylitsu¥ to rkEety thè use ofth0¢hrity'$•1Iabkffi1 ir l¥hiof lh• ¢18131 Wth•v¢ rtyoirourkey ossets whK¢ntvswybbave Ix¢oti8bt¢ron di8¢rt1ioDary Tthdorl oth¢T f¢Jov&ionsknd coDli4u¢kn g# best ¥at trnloney. Dtspit¢ )weriwomp thethcwtrns ¢b takeThthisy¢•r •NI]#Lkn t)Ur8tnetstI a Ip1#e yeap. ThisproYid¢5 u$ with wm¢ tleKthtlity VOOAdourehMrftablea¢ilvili¢$ s)w pmp¢rty prtfolio. Weh8Ymo¥¢d forward on mbiliow pl•A¥forTthOViOn in¢adSa$¢0(tsmraWllab 8p¥rf andhave wu8hi w guppleMtytoursti llV8thbk f¥nth with rn illwlltwh¢r¢poss*hinoTdertsJ P theGt plaos iDt¢ta¢tio Pase 2
The Watlington aub CIO Trusteeg, Report (eontlnued) Thteel and offi¢er¥ The tntheeg And offi¢¢TS rving during the year ottd 8in¢e the y¢aT wer¢ as ftll•>W¥: Pet¢r BMOK (]1 Th¢ awks Ee#. Chgir. Tennis xdion (TC8igned 9 Ootober 2025) Per¢2De H¢ath¢ote, Cknjr. Sqwh and Ro¢k¢tball sectiQD Cbristy Ithrile Kin& G¢ner41 Tntte (re8¢d 9 O¢tober2024} An81¢ PateM• G¢n¢Tal Tnatee Nwill¢ Smith, Gellernl Truste¢ (r¢$11 8 Ctob¢r20251 Kim FraDceA Irel8TrA (appoId S Septhber 2025) David Cott¢rill. Chair, Tenn s¢4lion (•PPOiDted 9 October2025) Structure> 8ov¢rnanee and m#Dwment The a¥b is a clmitable inc0ipoiai or8¥nisation (CIO) limited by 8uoianlee Ye$ted 85 a chJtity tsn 24 Febnw 2015. The of ¢haritsble compathy as listed in the Rewsi¢r of Charities is The WotlllW4)0 Club CIO. The ¢harAtabl¢ ¢4nyny is 8oY¢rned ¢urT¢ts¢ coA%slityti Th¢Ie8tsttt alld prin¢ipal &ldress ofthe charity 1820 Str¢eL watling 0x49 SPY. Memb¢rd¥ of the CIO Is 4)FD #nyolle rtho 18 Interest fiJrth¢rint its piirpos¢s. The Trustets wtll ¢onsid¢r the suitability of 4tsy oppli¢a¢ioBs for appotsth¢rt Js TnLqtye& N¢w appJioions will be wbject ro Jwks to enwr• suitsbility of ¢gr¥aidate8 and Provid th¢6? vAdaA theD Trnst¢6s will vot• OD all n¢w Th¢ Tntstees 1J¢t¢rne th¢ dir¢dtim and gen¢rai poIicy of the Club io Jill¢ vjith tbe Charitys obj¢¢tiv& Th¢ USUAlly nK•nthly throughout th¢ y¢aT. Th¢ Club's fa¢l]Iiies are thana8ed ty aD ¢xt¢nthl pwety rnaD48¢rrnt Fknandal instrMnnts Objecdvrt 4n4poll¢l•s Th¢ ¢ha activitie8 ¢XP)8e It to ttedit iisk The ¢JwAty do¢$ ts)t use d1VItiVe tlnao¢ial for 8p¢¢ulativ¢ purp¢)se& Pag¢ 3
The Watlingvton Club CIO Trnstee8' Report (eontlnued) The chfjrity's edit risk .is wimarlty Uttribule to its trle rKeivabks. Th¢ arn{ts pres¢nt¢d in ikn balan¢e sheet are net of 8llowan¢¢s for doubthl receivables. An dlowattc¢ for Impainnffll 1$ Made where t&er¢ is an idthtifThl loss event Ivhi(& bu¢d on previous ¢xpwkncA is evideDce of a redlld in tk reYabl11ty of the ¢ash flo Th¢ ¢r¢ditrisk on liquid hmds is limited because the coUnteie5 are bank%with lllgb crolit.rntin8s wiglled by The annual teport was approved ty thè trustees of tbe ¢hity ou 10 Dewnblr 2025 4nd sigued on its bchalf by: Angi¢ Pat¢rsoD
The Watlington Club CIO Statement of Trustees, Responsibilitks The ljiistees are respThL811)le for preparin8 the trus¢ffs' report and the fmaacial ststements in with the Unid Kingdom Ac£4)unting S14n(ts (Unit¢d KiH8dom Generally Accepted Aou1]ng Prathi¢e) alld applicabk law andregu1atiLs. giY¢ a ttve arkd fair view of the stats of affairs of the cl)arity and of tb¢ itKomiDg tesorn and application 4)f select suitable accoutrting policies and then apyty them consistenty, . observ¢ th¢ m¢thods and prin¢iplos in the Chwit1 SORP, make ju¢ellts and ¢#imate5 th& are reasongbl¢ attd prudent stats whotheT applicable )unting andra$have beenfollow¢4 subiectto any materiald¢partyre3 disclosed and ¢xplained in th¢ finaTr¢ial gtatements. and prepare th¢fivw¢ial ststernentson thegoing concern Unless it 1$ inapprwiats toFYeslun¢ that the¢harity will ¢onlinue in busintss. The trust¢es are responsil)le for keepin8 pfopcT a¢1)8 r¢wrds that dtsclose with regswbl¢ e¢¢Urao aTAy tim¢ the fiThoncial positioo of the cllatity oftd enable them to ensure that the financial stst¢m¢Trts ¢omply with the ChaTitiesAa 2011. the Ch8riti¢y(A¢¢ouots aDd Reports) Regulion$2008, and th¢pzovisions ofth¢ CQDstitstion. The In are also Tespowible for s&fe8uarding the as of the charity and hence for tsking reawthle steps for the pRveMion deteclion of fraud and other rregularitie5. The are responsilfrl¢ fw th¢ maintenance and integrity of the ¢OTPOtate and finan¢iaI infonnation in¢luded on tb¢ ¢baritsble )MpanY'S websitth Legislation 8ov¢rnin8 th¢ prcpw7tion and diCltiaEio1j of financial slatements may diffff fr(fin le£1&tIon in oth¢r jurisdictioj Approved by the trustees of the ¢hiiity on 10 De¢embw 2(Y25 4Dd signed m itsbelkalf by: Angle Pat¢rsoD Pa8¢ 5
The WatliugtoD Clvb CIO IndependeDt ExamiDer'8 Report to the trustees of The WatllDgton Club CIO I r¢port to the trus¢ees on Y eumittolion of the g¢co¥Jts of Th¢ Watliwn Club CIO for the Y endd 31 March 2025. As th¢ ¢harAty trnstees of The Watlintsi Chb ao you r¢sponThk foT the preparatioll of the ' a¢cord8w¢ wlth the rquireMe of the Cbaritie8 Act 2011 (he A¢t'). I report in rejprfi of my exarnitiation of the The W4tlin8loti Club CK)'8 a¢nts Clea out der x¢tion 145 of the 201 l Act and in out my examinthon I baye fo1ktW 811 the gppli¢abIe Drecti0fj8 8tveD by the Charity c(10 uod¢r 145(5Xb) of the kn. InaqdeMt exar•iw'J stst¢m¢n¢ l knve ¢ompl¢t¢d my extyitiOW. I confirm that m&teJyai Jmtters hav¢ ¢oll to my attontion in ¢ontt¢¢tioJx with th¢ examination 8iving toboli¢v¢ in 8ny JDateTi•I resp¢ct. l. ordS w¢re oot kept in respea of The W2din8lon Club Cto as x¢quired ty section 130 of Ihe A¢¢ or 2. thc 8tCLwots do not accord those re¢d. or 3, th¢ a¢¢owts do not comply with the accounliDg requirejry¢ com¢¢rnillg the forni and con1 of 4wuDts set out in th¢ ChaTiti¢s (AOts and Reports) R¢gulations 2008 other iban any requiremi that the 8iv¢ & 'tr otsd fair vi¢W 18 not a ma¢ter cowidered &q part of an ir I hav¢ no concrn and knve rO$S no oth¢r matt¢TS iti conne¢¢ion th¢ ¢XamI to vkni¢h 41t¢Dtioti should be drawtt in this report IA order to ehabk • proper ullderstynd1 of Ibe SOnts to b¢r¢8¢hed. eith Westran Unit 4, City Limits Daucbili Reading BeTksliir¢ RG64UP Page 6
The Watllngton Club CIO S14tenwrt of Fth4ll¢ial Activlths for the Ye•r Ended 31 M%Kh 2025 VAreS¢ted RtstrktI JDCQme ERdowortts from: 11484 49.952 2,295 11484 49,952 2295 CtrItable activilies Total in(¥M 128.463 1tr¢ •n: Cknitsbk •¢uviti¢g 1111531 111.153 111153 111.153 17 Ne¢ nKJ¥¢¥n¢nt in fiinds 17.310 17.310 Rwbthtlox Totsl fiwds ¢wri¢d forvmrd 14 Uwertrktyd R45trleted Totsl In¢0 and EndOwnwtr frobL' 2,065 4L489 556 4&489 556 Total in¢off 125.920 Chrtab activiti¢s Totsl rApetiditur Net in¢otr 102 103 N¢1 infill 23,817 23.817 ReieIlt1# •f Totsl fonvard 425 14 Tkn Ilwth for 2024 18 in note 14, Th¢ nok8 ¢)ts Pa$9 to 17 fr)Tm 4D int¢4niport ofth¢s¢ fllwKial stst¢ttth. PBge 7
The Watllngton Club Clo (Regtstration DuDther 1160612) Balance Sheet a8 at 31 Mareh 202S 2025 2024 Nots Flxed us¢ts T•ogthl¢ 4%8¢ts io 307.493 ri9.Il3 Cvrent #Hets Dcbto Cash atbfjok •ttd in JJoDd ij 12 17) 346 1?9 876 171.545 180222 9.6141 Credltors: folmpl due wltlthi one year 13 159 538 170.608 Net asRts .VpDds of tht ¢h4rlty: Unrealrkt•d kne•me Totsl f4Ads 14 The financi41 stat¢m¢nts on pag¢$ 7 to 17 W¢T¢ Proved by th¢ truste¢4 an4 auth for iswe on 101.1212Q25and SI OD th¢k balalf by. Th¢ notrs onPage$ 9 to 17 fonn all part of th¢K ancIal slat¢m¢nts. Py8
The Wat]ingtoD Club CIO Notes to the Flnallclal Ststemehts for the Year Ended 31 MCh 21125 l A¢eountln8 poll¢les The ruw4] ststejnents have been prepared in aOrd4¢ with the second editlon of the Charitie& stateDW ol ReCOna¢d PrArti¢e issued in O¢tob¢t 2019, th¢ Financial R¢portAog Ststshrd appIlbI¢ its the UtiiÉed Kin8d4)m and R¢pubJic of Irel4TyI (FRS 102) aDd the Clwriti¢s A¢¢ 2011. Bh of PnPaTado The Watlin8ton Club CIO nwts the defmition of & publi¢ beo¢fit entity unts FRS 102. The accounts (finallci Statenits} have len prePed under the hiorical co8t convention with items Tecogllised * cost or tT4DSion value wiless oth¢xwis¢ stat¢d in tkn Televlot not¢(5) to these o¢counl8. Th¢ In)st¢¢s ¢onsider that th¢ ar¢ Ao nuter1 uncert about the choritys ability to contiwe as x 8okn8 IDeome.and endowments Voluntary income iNhx1in¥ doDw, gift4 k8a¢i¢s and 8rant6 that provide ¢ore fiing or8ff of 4 genml nature 16 r¢wis¢d when the chwrity has effjitlejnent to the in¢om¢, it is probable that the income will be ceived And the anjount can Ix measured sufficient T¢liabi]ty. I)QAad8 4hdkt4des Donatiow attd kgacies are TeCQ8nis¢d oft a rcceivabk basis when receipt is pmbable atxl the jmount can b¢ r¢liabty mea8U GT8nts ar¢ r¢cognisedwh¢D the ¢hatity has an ethitlement to the fimd$ and any ¢ondition8 lti&¢d to the h&v¢ b¢¢n m¢L wh wfornwn¢e conditions aT¢ atta¢hed to th¢ grant and ar¢ yet to be met. the I¢ is re¢ognised a¥ a liability and itidwl¢d on the balW as defored illcoth¢ io b¢ rcleas¢d. D¢f¢rr¢dth¢•*e Deferyed ryresents amounts received for firtw¢ p¢riods is r¢leased to in¢omiD8 f¢50UTces its the period for whi¢K it has be¢n received. Such i10m¢ is only def¢md when: . The donor 8pecifie4 that the 8rnnt or donatilm MU only be u8ed in thture a¢couw wtods. or . The th)nor kn8 imwscd ¢onditioA8 whKh mu8t bc nKt before the charity has ullwnditioDal ertltt¢mI. Expendlthre All ¢xp¢nditure 15 T¢eo8lll$ed once there is a l• or ¢onJknKtiv¢ obll8aftoll kn that ¢di¢Te, it 18 pable 8ettlem¢nt is required and tbe 4Dy)usrt ¢an bc measured Teliabty. All costs are allo¢ated to the applicable ¢xpenditur¢ h¢4din8 that a88regate costs to that c41¢80ry. whe Costs ¢4DEOt be dIrY atthuted to particulaT headings tbey htv¢ b¢¢D allocated on 8 basis ClStent wlth the us¢ of ttsour¢e4 with ceatrai staff ¢osts allocated on the basis of lime spert Ind d¢pT¢¢i4tion ¢harges allo¢at¢d on th¢ portion of the 0&8¢t's us Other support ¢OSL8 ar¢ Allocated b&8¢d on the swe8d of staff c08ts, Page 9
The Watllngt4)n Club CIO Notes to the Finnelal Statements for the Year Ended 31 March 202$ (eontAnu&l) Chrtrfiable adivitles Charitable ¢eThjIe cornptis¢s thos¢ RtiLWtred by the ¢Fwity in the deliv¢ry of its a¢tiwties aTMJ servjtts for its belleficiati. It indwdes both ¢0sts that can allotat¢d itirectly to sllch activities aryl those costs of all Support colts Support Costs in¢lud¢ ¢¢Dtral fuiKliony and havc bcon allocat¢d ks acttvity cost catrgories 00 a b]3 collgistellt with the use of r¢gour¢e& for exampk. allocating property Costs by floor ar¢o4 or p¢r ¢4pita. stsff by th¢ These inchmk the costs aknbTJtable to the coThpliaD¢e Tith cowtitutional and slalulory wuirement& Gov¢rnmcnt grants are r¢cow)ised bas¢d on th¢ acLzu81 model End Èr¢ mewed Et the fair value of th6 asfjet reeeived QT I¢1Vab. Grants are c1288ifi¢d as re181in8 eilhff to revem or to assets. Grants re13tiDg to r¢ven ar¢ recogtiisrd ID Inco over the puiod iti vknich the relai¢d costs are reco8nised. Graats ttlating lo a88¢ts ar# recogDi8ed ovu the ¢xwd usethl lif¢ of tkc a&K Where part of a gtant relatllw to •n asset is deftn¢l it is The charity ss io pass the tss¢s sel out in Parawh I Schedule 6 of the Fitioti¢¢ A¢t 2010 and ther¢fore it meets th¢ defitiition of a clwitsble ¢omp8ny foi UK ¢otporntioa tsx piirposcs. Ac¢ord]ngty, tkn charity is potentially ¢x¢mpt taxaioD in r¢sped of Allcome or lt41 gaiDS r¢c¢ived within catsgories COV¢T¢d by Cb8pt¢r 3 P#rt I l of tho Corporation Tax Act 2010 or Sediou 256 of th¢ Taxation of Chbrgeable Gains Act 1992, to the ext¢Dt that io¢i)nk oryin6 are hpplied exclu8iv¢ly to clwitsble pu8¢8. The ChaTity tsw8 ibe lTre¢hold tiilc of18 and 20 High str¢ Wat]in8ton includi thè land kn the rear of them. This was gifted to th• Cknity at ivy in¢tytiots •nd as wch is not sbown includ¢d within tsngtble fixed #ss Iwlu&d within fixe41 a&%cts Wmkr freehold propeTty is a building eXt8]n whi¢b, 7n the vi¢w of fk Tn 18 itw&ctic81 to s•te into ¢ompo& ckmettts ullder FRS102 and th¢r¢fore has not bc¢D subject to awwal depr¢ciati)D and 18 stated a5 i¢8 historic co8L Fuiurt TEplacements of asp¢cts of the exlensioA will be shown undet Tepairs and nwititeoaoc¢ iu the SOFA as incu. Depreciation is provided on all otb¢r fixed assets $0 a5 to wrkte off tbe cost or valuatioffj Its8 any estimated residual v4144 over their ¢xpthl use1 e¢onon)ic lif¢ w follo Land & Buildin88-Not depIecialed Furnitur¢ & Equipn)e#t. 11 .20 Years Pas¢ 10
Tbe Watllllgton Club CIO Notes to the Flnanelal StatemeDts for the Year Ended 31 March 2025 (contlnued) Stock is Ylled at the low¢r of co$t eslimated s¢llin8 price less Costs to complete and 8elL afttr th rewd for ob8ol¢t¢ •nd slow moving sÉo¢k Cost is d¢t¢rniJ usin8 the fit5t.iD, fwst-out (FIFO). Tradè debtOTS using the ¢ff¢ctiv¢ iJrtcr¢st metho4 l¢ss provision for itiipaim]ent. A provisi(m for the iDTaittnent of trade debtorsis estsbl1s1d there 18 objective ¢viduk¢ that the charitywill not Ix abk to coll¢¢t all amoknts duc aOrdIng to the fern of th¢ r¢c¢ivable& C28b and equlvale•ts Cash and ¢a8h equivalelits con4Kis¢ ¢ash on hand and ¢all deposit4 and othtt skn-term higbly liquid Investmts that are r¢adily ¢onvertibl¢ to a known It of ¢ash and are 8ubject to an In81lfrallt r¥k of Trd ¢redttor8 Trade creditor8 are obliwions to pay for soods or services that b&v¢ b¢en acquir¢d ill the orduwy ¢ows¢ of bu%illc8s from suppJicr& Accounts pay8bl¢ are c]assiffftl as cwrent Jiabiliti¢8 if th¢ ¢harity does not hav¢ all unconditional riglkt, at th¢ end of tbt repoTtsng p¢riod, to defer settl¢m¢nt of th¢ w¢ditor for at l¢aa after the reportitig dak If there is unconditsorjal rigbt to defer settlerneDt for * least twelve months after the reporting d¢. they &T¢ PTeseoted as n<ent liabi]itie& Borrowlng8 Interegt-bearitig botrowings initially record ot hir valu¢. net of trats8action $ts. Interes1-hlg borTowiDgs ar¢ Subsequently Lwri¢d at amortised $t. with the diffe b¢tw¢en the proceed% ll¢l of traDs@ction cwts, and the 8moutit due on re&mption being rectl8nk%d os a ch8Tg¢ to the Stat¢mcth of Fillancial ACtitt¢S over tbe period of the relevant borrowin& lllter¢st exp¢Ds¢ 1$ T¢¢0] on the ba818 of the eff¢dive intrfe8t m¢thod 4od 18 incltthd ID interesr payabk Borrowiw are cla55if*d as ¢urT¢Ut liabiliti w)les9 the ¢knity hs an unconditional iight to d¢fer settlement of the liability for at le tw¢fv¢ Dionths aft¢r th¢ [¢1]ng daÉ¢. Fnnd strllethre th¢ obj¢ctivrs ofthe charity. Fiaawiyl ass¢ts and firyala1 liabi]ilios ar¢ T¢cogDi8¢d WIM the cb8rity Ix¢ome8 a party to the pmvisiojs of the Instru1. Finawial li#bAlities and equity classifi¢d dodiD8 to the subsrallrt of the contractt amngellwnts ¢nt¢red ittty. An ¢quity ins1n is any ¢ontract that eviden¢es i residual int¢r¢st in 8s8¢ts of tbe clwily afler deductln8 all of its liabiliti Pagell
Th¢ WatJlDgtoll Club CIO Notes to th¢ Flnandal Stat¢ments for the Y¢Ydr Ended 31 March 2025 (¢onthiu¢d) All fi081#1 ass¢ts and liabilities ate inittally at tr4D¥a¢titin price (illcludthg fr&¢tion costs), ¢x¢ for those financial assets ¢lassifftd 88 at foir value throu8b profit or loss, whi¢h or¢ imtsalty Measur at fair fiyw¢ing transartioJL If an rngem¢nt ¢oJJstitut¢s a finaticing tr#D5actiOD. th¢ fmoncial asset or firn¢la1 liability 18 measured * the present value of the paym¢nts discoullled at a market of Antrre8t for # similar debt in61n4nenL Financial assets and liaknlitie8 afe only offset in the stat¢moni of fm8ncial wition wkAN 8ThJ only en th¢r¢ exists * l¢gally ¢nfornbl¢ right to s¢t off the rewiscd arnots and the ¢17ty intends either lo sdtl¢ Dll net ba8i$, or to realis¢ the asset and 8¢ttk the liability 8imultane(NJsly. FAnaD¢iAI 8ssets are deTe¢ognised Wh and only wheA a) the CthKra¢nwl tights to th¢ 8b fiows from the financial wct ¢xpiYe w are settled. b) the charity tTEerS to another pany substantially ail of th¢ ii¥ks and rew4rd8 of ovrnership of th¢ fjnattial asse( or e) tbe ¢harity, d¢qhitc Iwiug retained som4 D)t alL Significant risks aad r¢ward8 of own¢rsbip, has transf¢ned ¢ontrol ofthe gss¢t to anoth¢rpty. Financial liabiliiie8 are onty whett the obli8tion yified in th¢ ntract is dis¢ltsrg¢d, Wlled or expiTes. F4lr M¢a$4f¢A¢ Th¢ Ixst evid¢n¢¢ of fair vdue i8 a quot¢d pri¢¢ fot all id¢Dtical ass¢t in On a¢tiv¢ ThaTk¢L Wlk¢n gUOtC41 pritts aT¢ wJawdilabl¢, the pyice of ¥ recent trAWCtiOD f£( an identical Provid eviden¢e of fair value a5 long as ther¢ h&s not been a 8i8nifi¢attt ¢lwige in ecrfflomi¢ ¢ITwns or a signlficaty lap8¢ of time sin¢e th¢ ttaL86Ction li pl&c¢. If th¢ is not a¢tiv¢ and r¢¢ent trans&cuotss of att identical a8t on th¢tr Own ar¢ not a good eImat¢ gf fair value, Ib¢ hir value is ¢sthnated by u$kng a valuation te¢hniqu¢. 2 Ineome frow donailom and grants Total 2•25 Tb141 2f&24 G¢n¢ral Donations and Jt8acies; Donations from individuals Granty iDcludin8 capital 8raDts' Gov¢nlln¢nt grants 3.791 3.791 1,565 8,693 8.693 5( Pag¢ 12
The Watlington Club CIO Note$ to the Flnanelal StatemeDts for the Y¢ar Ended 31 March 2025 (conthiued) 3 JJ¢orne from eharitable aetivlll¢¥ Unrestricted Tffl#l 2025 Totsl 2024 M¢mberJhip Spotts sectiOD income Room hire 31,389 15,834 31J89 15,834 31354 13,579 49.952 48,489 Unre•trlrttd T&tsl Geueral 63.732 74AIO S EwRditure OA ClrIbIe aetlvlil Uwestrl¢t¢d Thds G¢n¢r*l T•tsl 2024 2025 Spons 8ection costs 14,213 14213 12288 89.815 102 103 111153 111,153 Page 13
The Watlington Club CIO Notes to the Financi StatenMts for the Year Ended 31 March 2025 (con£inued) Totsl General 2025 74.376 11.062 1271 6957 3275 74376 11.tA$2 68J52 8.920 715 Makn¥n84th1 publicity 4957 3/75 3.150 1050 Legal fres 7 Truth¢i rnMD•tatl•o A•d exp¢4ses NOtnte•s,noraDyPersos¢¢ntteeawlththt haverecelvedanyremwierattonfromthechaixtydurlng th¢ ye¥r. However, duriog the yearthe ¢h•rSty made th¢ followsns transacdons wlth trust$ all of whlch were charftyexpens¢8 pald foraDd then relmbursed tt*Trnstees: £1911 (2024: £Nil} of 1¢inth k) A&th&Yaid4¢ th¢yeor. £1,796 (202+. £Kil) of cxpcwmw¢ ttimbur¥¢d toA¥gi¢ Pat¢rson dwin8they¢ £108 (2CQ4: £Nil) of ¢xp¢nw wue TelDthffSto Chttsty L4uiK¢ KiD8 duriDg the yeJT. P¢terMr•ok £88 (202+. Drd) of¢xp• were11brs to duritsg the yw. No trOSttMhave Ttcoivedanyothw bo¢fits from th¢ ¢]Jatity dwillgtheycx. ExwI0•tt of Ihe fitiancial st8tenLents 3275 3.150 9 T•i•tlts• Th• thaTity 18 A ¢h¥ity ty1 18 thetrfore eMPt from tsKation. Page 14
The Watlington Club CIO Dlotes to the Finandal Statements for the Year Ended 31 March 2025 (¢oniinued) JO T*n8fibh fts¢d ¢qulpmon¢ Tolal At l A71 2024 Addition6 245,897 14&165 39.441 11,772 394.062 39.441 11.772 At 31 M•r¢h 2025 175.834 421731 At l Apiil 2024 Charge forthc y Eliminated on 4isp06al8 114949 9.719 10.4301 114,949 9,719 Ai 3] MaFch 21Y25 114 8 114238 rtI)k VAlue At 31 March 2025 245 897 307.493 At31 m?h 2024 33 245 897 16 11 Debtors 2025 2924 Trade debtors 346 2025 Casb #i baDk 65.809 105.743 66J46 113 30 179876 Pa8e 15
The Watljngton Club CIO to the Finan¢ial Statements for the Year Ended 31 Mar¢b 2025 {¢onthtued) 13 Crtdltors: movJts f8llkng du¢ wmbln on¢ y¢gr 2025 2024 TAade creditors {107) 2fi30 3,455 AC(nlS Defured incon IIIK17 14 Funds Bhn¢e It I Aptll 2024 Resour¢tt BalaKe t 31 ewded M4reh 2025 re8oYirceJ Gencral 128463 467 031 BAlanee at I Apdl 21n3 IAtonthi8 R#oUr¢ B41#D¢ t31 expend Mrch 2è24 125 102.1 IS A**tysts ofArt funds Al l Aprll 2024 Al 31 Mareh Cash al bank and in hand 179.876 &324 171,552 171 179,876 52 At l Aprll Al 31 M¥reh 20LI Clsb ftlow Caah at IAnk and in bBnd 154,219 25.657 154,219 25.657 Pag¢ 16
The WatUDgton Club CIO Notes to the Financfial Statsiiwits for the Year Ended 31 Marcb 2025 (eollllxued) 16 An8tydi of )J¢t 9%gets between hnds All and liabilRti¢S at 31 Marcb 2025 and 31 M4rch 2024 relate to unteslrict¢d fiu¥ Page 17