The Watlkngton Club CIO Contents (eonthiued) Tn*¢el R¢port 2to4 Ststement of Financial Activities Notes kn the Fillan¢iil StateJJ*nts 9￿17 The W2tllngtoll Club CIO Referenee and AdmlDistradve Detglls 1160612 20 Higb Str¢¢t Watlington OX49 SPY Independtht Ex*wlll*r Xeinadin South E4St Lirnittd Unit 4, City Limits RG6 4UP The Watlin8ti>n Club CIO Trustees, Roport The trusts&presthtth¢ wtherwith th¢ fjmom¢i*lstyt•m¢ntsofth¢ ¢ltarity foTth¢pw¢trdpd31 MaT¢h2025. h¥ ow oJi81tr41 cuwitution, OUTobj¢dlv¢ is oWt•J ss.. tr11¢D￿10th. T￿or￿fpOlIÉita￿ di8i•u$oFoth¢zopknIth￿ by togeth¢rth¢ ssidFeSthK8 th10￿1 atyhfflilie otsoTytyiWtoDslrt4 ¢oYLom ¢ff&rtto #dV•nV¢thK4tio••￿ w prov£d¢ facTlits¢5 itt th¢ intwes¢#of sth)i•l 4%%lfaTe foryocrt•tioti ond l¢iww¢ th¢ O¢aWiMwlth the obie¢ty¢ of iwwiti#thtcifflditioNof life forthe Ttystq¢s' * this ai the awb ¢xknx]8wb¢n¢fitth¢ Nig8 *￿UPd1* the f4eilitse*4kd TL w•J 41 Yconstiwte4 in the J970'$ 1$ 8 •ul*¢iai¢h*Tit•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 C￿ND￿$10￿ for￿￿31￿W&S. Tho SthtetntntofFiMttcialAetsvi¢i¢sof thÈ Clyb&Tr•w• gJrplu¥ of£17.31Q f2024- of£23.81?l Thr¢losih& fim li¢4 fowd stood ￿ £467.03112024. £449,r21 iD¢Jt4ses attd 45 we s¢¢k to devehpotherq¢tivities tOrth¢e0mty￿ty.A* repcthj l•st y¢trovrnlal iti¢oTh•i4 A8 ¢K￿Cted. low¢rthJD in 2024•fterwo*ok 4 d¢¢l8lonw ￿n￿￿¢￿Ill tellanci¢$ 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•t*￿TrI reld ourspa¢tquicktytoprorectour iAeome svalJ*bkfop ¢lb#rft*l¢a¢itVili¢$. W¢ ¢otylitsu¥ to rkEety thè use ofth0¢hrity'$•￿1Iabkffi￿￿1 ir* l¥hiof lh• ¢1￿￿￿￿￿8￿131 Wth•v¢ rtyoirourkey ossets whK¢ntvswyb*bave Ix¢oti8bt¢ron di8¢rt1ioDary Tthdorl oth¢T f¢Jov&ionsknd coDli4u¢kn g# best ¥a￿t trnloney. Dtspit¢ *)weriwomp thethcwtrns ￿¢b￿ takeThthisy¢•r •NI]#Lkn t)Ur8tnetstI￿ a I￿p1#￿￿e yeap. ThisproYid¢5 u$ with wm¢ tleKthtlity VOOAdourehMrftablea¢ilvili¢$ s)w pmp¢rty prtfolio. Weh8Ymo¥¢d forward on mbiliow pl•A¥forTthOV*iOn in¢￿a￿d￿Sa$¢0(tsmraW*llab￿ 8p¥rf andhave wu8hi w guppleMtytour￿sti llV8thbk f¥nth with rn illwlltwh¢r¢poss**hinoTdertsJ P￿ theGt plaos iDt¢ta¢tio Pase 2 The Watlington aub CIO Trusteeg, Report (eontlnued) Th￿teel and offi¢er¥ The tntheeg And offi¢¢TS *rving during the year ottd 8in¢e the y¢aT wer¢ as ft*ll•>W¥: Pet¢r BMOK (]￿￿1 Th*¢ awks E￿e#. Chgir. Tennis xdion (TC8igned 9 Ootober 2025) Per¢￿2De H¢ath¢ote, Cknjr. Sqwh and Ro¢k¢tball sectiQD Cbristy Ithrile Kin& G¢ner41 Tn￿tte (re￿8￿¢d 9 O¢tober2024} An81¢ PateM•￿ G¢n¢Tal Tnatee Nwill¢ Smith, Gellernl Truste¢ (r¢$1￿￿1 8 C*tob¢r20251 Kim FraDceA Irel8TrA (appoI￿d S Septhber 2025) David Cott¢rill. Chair, Tenn￿ s¢4lion (•PPOiDted 9 October2025) Structure> 8ov¢rnanee and m#Dwment The a¥b is a clmitable inc0ipoiai￿ or8¥nisation (CIO) limited by 8uoianlee Ye￿$t￿ed 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 appJio*ions will be wbject ro Jwks to enwr• suitsbility of ¢gr¥aidate8 and Provid￿ th¢6? ￿ v￿Ada￿A theD Trnst¢6s will vot• OD all n¢w Th¢ Tntstees 1J¢t¢rn￿e 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¢rr*nt Fknandal instrMn*nts Objecdvrt 4n4poll¢l•s Th¢ ¢ha￿ activitie8 ¢XP)8e It to ttedit iisk The ¢JwAty do¢$ ts)t use d￿1VItiVe tlnao¢ial for 8p¢¢ulativ¢ purp¢)se& Pag¢ 3 The Watlingvton Club CIO Trnstee8' Report (eontlnued) The chfjrity's ￿edit risk .is wimarlty Uttribu￿le to its tr*le 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 re￿Y￿abl11ty of the ¢ash flo Th¢ ¢r¢ditrisk on liquid hmds is limited because the coUnte￿ie5 are bank%with lllgb crolit.rntin8s wiglled by The annual teport was approved ty thè trustees of tbe ¢h*ity 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 Uni*d Kingdom Ac£4)unting S14n(ts￿ (Unit¢d KiH8dom Generally Accepted A￿ou￿1]ng Prathi¢e) alld applicabk law andregu1atiL￿s. 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 ￿and￿ra$have beenfollow¢4 subiectto any materiald¢partyre3 disclosed and ¢xplained in th¢ finaTr¢ial gtatements. and prepare th¢fivw¢ial ststernentson thegoing concern Unless it 1$ 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 regsw￿bl¢ 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) Regul*ion$2008, and th¢pzovisions ofth¢ CQDstitstion. The In￿ are also Tespowible for s&fe8uarding the as￿ of the charity and hence for tsking reawthle steps for the pRveMion deteclion of fraud and other rregularitie5. The are responsilfrl¢ fw th¢ maintenance and integrity of the ¢OTPOtate and finan¢iaI infonnation in¢luded on tb¢ ¢baritsble ￿)MpanY'S websitth Legislation 8ov¢rnin8 th¢ prcpw7tion and di￿C￿ltiaEio1j of financial slatements may diffff fr(fin le£￿1&tIon in oth¢r jurisdictioj Approved by the trustees of the ¢hiiity on 10 De¢embw 2(Y25 4Dd signed m itsbelkalf by: Angle Pat¢rsoD Pa8¢ 5 The WatliugtoD Clvb CIO IndependeDt ExamiDer'8 Report to the trustees of The WatllDgton Club CIO I r¢port to the trus¢ees on ￿Y eumittolion of the g¢co¥Jts of Th¢ Watliwn Club CIO for the Y￿ endd 31 March 2025. As th¢ ¢harAty trnstees of The Watlintsi Chb ao you r¢spon*Thk foT the preparatioll of the ' a¢cord8w¢ wlth the rquireMe￿ of the Cbaritie8 Act 2011 (*he A¢t'). I report in rejprfi of my exarnitiation of the The W4tlin8loti Club CK)'8 a¢￿￿nts C￿lea out ￿der x¢tion 145 of the 201 l Act and in out my examinthon I baye fo1ktW￿ 811 the gppli¢abIe Drecti0fj8 8tveD by the Charity c(￿1￿0￿ uod¢r 145(5Xb) of the kn. Inaq￿deMt exar•iw'J stst¢m¢n¢ l knve ¢ompl¢t¢d my extyi￿tiOW. I confirm that m&teJyai Jmtters hav¢ ¢oll￿ to my attontion in ¢ontt¢¢tioJx with th¢ examination 8iving toboli¢v¢ in 8ny JDateTi•I resp¢ct. l. ￿ordS w¢re oot kept in respea of The W2din8lon Club Cto as x¢quired ty section 130 of Ihe A¢¢ or 2. thc 8tCLwots do not accord those re¢￿d￿. or 3, th¢ a¢¢owts do not comply with the accounliDg requirejry¢￿ com¢¢rnillg the forni and con￿1 of 4wuDts set out in th¢ ChaTiti¢s (A￿O￿ts and Reports) R¢gulations 2008 other iban any requiremi that the 8iv¢ & 'tr￿ otsd fair vi¢W 18 not a ma¢ter cowidered &q part of an ir I hav¢ no concrn and knve ￿rO$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 S￿O￿nts 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 VAre*S¢ted Rtstrkt￿I JDCQme ERdowo*rtts from: 11484 49.952 2,295 11484 49,952 2295 Ct￿rItable activilies Total in(¥M 128.463 ￿￿￿1t￿r¢ •n: Cknitsbk •¢uviti¢g 1111531 111.153 111153 111.153 17 Ne¢ nKJ¥¢¥n¢nt in fiinds 17.310 17.310 R*wbthtlox Totsl fiwds ¢wri¢d forvmrd 14 Uwertrktyd R45trleted Totsl In¢0￿ and EndOwnw￿tr frobL' 2,065 4L489 556 4&489 556 Total in¢off 125.920 Ch￿rtab￿ activiti¢s Totsl rApetiditur Net in¢otr 102 103 N¢1 infill 23,817 23.817 Re￿ie￿Ilt1#￿ •f Totsl fonvard 425 14 Tkn Ilwth for 2024 18 in note 14, Th¢ nok8 ¢)ts Pa￿$9 to 17 fr)Tm 4D int¢4niport ofth¢s¢ fllwKial stst¢tt*th. PBge 7 The Watllngton Club Clo (Regtstration DuDther 1160612) Balance Sheet a8 at 31 Mareh 202S 2025 2024 Nots Flxed us¢ts T•ogthl¢ 4%8¢ts io 307.493 ri9.Il3 Cvrent #Hets Dcbto Cash atbfjok •ttd in JJoDd ij 12 17) 346 1?9 876 171.545 180222 9.6141 Credltors: folmpl due wltlthi one year 13 159 538 170.608 Net asRts .VpDds of tht ¢h4rlty: Unrealrkt•d kne•me Totsl f4Ads 14 The financi41 stat¢m¢nts on pag¢$ 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 M￿Ch 21125 l A¢eountln8 poll¢les The ruw￿￿4] ststejnents have been prepared in a￿Ord4￿¢ with the second editlon of the Charitie& stateDW￿ ol ReCOn￿a¢d PrArti¢e issued in O¢tob¢t 2019, th¢ Financial R¢portAog Ststshrd appIl￿bI¢ its the UtiiÉed Kin8d4)m and R¢pubJic of Irel4TyI (FRS 102) aDd the Clwriti¢s A¢¢ 2011. B**h of PnPaTado The Watlin8ton Club CIO nwts the defmition of & publi¢ beo¢fit entity unts FRS 102. The accounts (finallci Stateni￿ts} have l*en preP￿ed under the hi*orical co8t convention with items Tecogllised * cost or tT4DS*ion 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¥ doD*w, gift4 k8a¢i¢s and 8rant6 that provide ¢ore fi￿ing 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)QAad￿8 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 i1￿0m¢ 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¢m￿I. Expendlthre All ¢xp¢nditure 15 T¢eo8lll$ed once there is a l• or ¢onJknKtiv¢ obll8aftoll kn that ¢￿￿di¢￿Te, it 18 p￿able 8ettlem¢nt is required and tbe 4Dy)usrt ¢an bc measured Teliabty. All costs are allo¢ated to the applicable ¢xpenditur¢ h¢4din8 that a88regate costs to that c41¢80ry. whe￿ Costs ¢4DEOt be dIr￿Y atthuted to particulaT headings tbey htv¢ b¢¢D allocated on 8 basis C￿lStent wlth the us¢ of ttsour¢e4 with ceatrai staff ¢osts allocated on the basis of lime spert Ind d¢pT¢¢i4tion ¢harges allo¢at¢d on th¢ portion of the 0&8¢t's us Other support ¢OSL8 ar¢ Allocated b&8¢d on the swe8d of staff c08ts, Page 9 The Watllngt4)n Club CIO Notes to the Fin*nelal Statements for the Year Ended 31 March 202$ (eontAnu&l) Chrtrfiable adivitles Charitable ¢￿eThjI￿￿e 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 ¢xw*d 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 taxa*ioD 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 pu￿8¢8. The ChaTity tsw￿8 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 eXt￿8]￿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 $0 a5 to wrkte off tbe cost or valuatioffj Its8 any estimated residual v4144 over their ¢xpthl use￿1 e¢onon)ic lif¢ w follo Land & Buildin88-Not depIecialed Furnitur¢ & Equipn)e#t. 11 .20 Years Pas¢ 10 Tbe Watllllgton Club CIO Notes to the Flnanelal StatemeDts for the Year Ended 31 March 2025 (contlnued) Stock is Y￿lled at the low¢r of co$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 estsbl1s1￿d there 18 objective ¢viduk¢ that the charitywill not Ix abk to coll¢¢t all amoknts duc a￿OrdIng 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 Investm￿ts that are r¢adily ¢onvertibl¢ to a known I￿￿￿t of ¢ash and are 8ubject to an In81￿lfrallt r¥k of Tr*d* ¢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 ￿$ts. Interes1-h￿l￿g borTowiDgs ar¢ Subsequently Lwri¢d at amortised ￿$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 ACti￿tt¢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 firya￿la1 liabi]ilios ar¢ T¢cogDi8¢d WIM the cb8rity Ix¢ome8 a party to the pmvisiojs of the Instru￿1. Finawial li#bAlities and equity classifi¢d do￿diD8 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 fi08￿1#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 fir￿n¢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 arno￿ts and the ¢1￿7ty 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 tT￿￿EerS 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 obli8*tion yified in th¢ ￿ntract is dis¢ltsrg¢d, W￿lled or expiTes. F4lr M¢a$4f¢A¢ Th¢ Ixst evid¢n¢¢ of fair vdue i8 a quot¢d pri¢¢ fot all id¢Dtical ass¢t in On a¢tiv¢ ThaTk¢L Wlk¢n gUOtC41 pritts aT¢ wJawdilabl¢, the pyice of ¥ recent trAWCtiOD f£( an identical Provid￿ eviden¢e of fair value a5 long as ther¢ h&s not been a 8i8nifi¢attt ¢lwige in ecrfflomi¢ ¢ITwn￿s or a signlficaty lap8¢ of time sin¢e th¢ ttaL86Ction li￿ pl&c¢. If th¢ is not a¢tiv¢ and r¢¢ent trans&cuotss of att identical a8*t on th¢tr Own ar¢ not a good e￿Imat¢ gf fair value, Ib¢ hir value is ¢sthnated by u$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 Cl￿rI￿bIe 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$2 68J52 8.920 715 Makn¥n84th1 publicity 4957 3/75 3.150 1050 Legal fres 7 Truth¢i rnMD•tatl•o A•d exp¢4ses NOtn￿te•s,noraDyPerso￿s¢¢ntte￿eawlththt￿ haverecelvedanyremwierattonfromthechaixtydurlng th¢ ye¥r. However, duriog the yearthe ¢h•rSty made th¢ followsns transacdons wlth trust￿$ 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 TelDthffS￿to Chttsty L4uiK¢ KiD8 duriDg the yeJT. P¢terMr•ok £88 (202+. Drd) of¢xp• were￿11￿b￿rs￿ 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 ty￿1 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 A￿71 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(n￿lS Defured incon IIIK17 14 Funds B*hn¢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 M*rch 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