REGISTERED COMPANY NUMBER.. 07929633 (England and WaleBI REGISTERED CHARITY NUMBER: 1165312 ort of th8 TTU8t8es and rth Y rEn 1J8n 202 lor Freeman Carr Chartered Certified AccryJntants The Gatehouse 2 Devonhurst Place H8athf181d Terraco ChisMdck London W4 4JD rave C Contents of the Flnancial Sl818ments r tho Year End£d 31 J Pag8 R818reThce and AdmlnlstralNa Detalls ChBlrm8n's Report Report of Ihg Trus¢eos 3 to 4 Indepe￿ent Examlnerfs Report stat•mant of Fln8nclal Actlvltles Balance Sheet Notes to the Fin8Trcial Stalements 8 to 13 Delalkd Sl8t8rn9nl ol F&Thar￿la1 Actlvltl6s 14 Refarence and Adminlstrative D8tails rtho Y ar Ended 31 Ja TRUSTEES Ms A Clarkg. MBE, Chalr Mr C Hammond , VKe Chalr Mr R Ko1aczynski (resigned 11.1.241 Ms S Grant Mr J Wllson, Honorary Treasurer Mr M Hedges M5 C Needham Mr E Campb811-Whltg REGISTEReD OFFICE 287 Goldhawk Road London W12 8EU REGISTERED COMPANY NUM8eR 07929633 IErfjL8nd and Wales) REGISTERED CHARITY NUM8ER 1165312 INDEPENDENT exAMINER Freeman Carr Ch8rt8r8d C8rllfl9d Ac(x)untants The Gatehouse 2 Devonhurst PI8C8 Heathfleld T8¥race Chiswck London W44JD Page 1 al￿&Tr,8 Re ort forth Year Endod 31 Ja ua 202 In 2023, over e80 loeAI ¢hildr8n and young p80p18 aged 7 to 19 y88rs 811ended Th& Sulgrav8 Club at an average of 37 pgr day. Open five d8y8 a week, they enjoyed a variety ol athvlles and servlces, Including term-tlm8 youlh dub5 and after-school dubs. daytlrne holiday 8ctiwties and r85id8nll81s, 18stive fijn days and Informgtron worf(shops. H￿hlightS of th8 y88r w¥e u￿OUbled1Y th8 8nlhusiaslic partl¢lpatk)n of 68 chlldren and young Pe￿10 on our annual r88idenllal at Hindloap Warren Outdoor Aclivlty Centre durfng lh8 May hall term., the six w8ek8 of Junror Holiday a¢tlvltl6s and thre8 W88ks of Senlor Hollday acWMlles enjoyed by 164 chlldren and young pgople. Including our firsl ever provision over the Chri5tma8 holidays,. and hu￿lY popular infl8t8bl8 lun days in the February and October half lem)s. At Umes. the funding Situation in 2023 was drfficult, but Ih8nk8 to the hard Work of Svary￿e at Iho Club- th8 Truste88, the 518ff. the chlldr8n and young peopfe. th8ir par8nt8 and carers. and OUE frfend8 In the C4)mmunity - w8 pulled through. endlng the y8arwilh a small surplus, funds In bank, and th8 prospect of longor tem fundlng in the future. 2023 Saw the depsrture of bvo of our Trustees . Marco Alidoro. on $&condfflent from London Youth, and Rob8rt KolaGyll5ki, who had been on Ihg board stnce 2011. 1 would Ilke to Ihank both of them lor Ihalr hard work ano commllment duAng thls and prevlous years. And I would Ilk8 to offer a wami welcom8 to our new Trusteg, Patrickq BenGh. who brings a wealth ol local kn￿edge and exper￿¢8 to Ihe Board. Thank you to all my fellow Trustees, to our Club Manager, Nlck SazèhlBs, and to his dedlcated team of staff and volun188rs for Ihglr hard work in 2023. W8 ar8 now looking forward io the excillng challeng8 of Increasing and devefoplng our 8eNc88 and acti￿lIeS In anti￿P￿ti¢J￿ of Th8 Sulgrave C4ub's fast-approachln9 100.yegr 8nnSvwsary 2026. Angela C18rk8 MBE (*almian of Trustees Pag8 2 1 Janu8 202 The truste88 who 8180 dlr8¢tors of charfty Icr the purposes of the Cornpani8s Art 2￿6. present thelr report wlh th8 financlal slalement5 of the charity for lh8 year 8nded 31 January 2024. The trustee5 have a4Jopled the provisi￿8 of Accounting and R8POrtSng by Charflle$'. Slalemenl of RecommendBd Practlc8 8ppllcabl8 to charflles preparfng thelr accounts In ac¢ordan¢è wlth tho Flnancl81 Roporfng S18nd8rd 8ppllcable ITh the UK and Republlc of Ireland IFRS 1021 leffectlvo 1 January 20191. OBJECTIVES AND ACTivrriES Obl¢¢tiv•s and ¥ims i h¥ airn ol thB Club 15 lo help educ818 young p80ple through thelr lolsure tlmo a¢tlv5t185 SO to d8V81op thelr physlc81, mental. and splrftual capacllles. $0 that they may grow to full maturity 8s Individuals and members of socSety and that thelr condI￿On$ of lifts might be impyoved. Publlc benefft The Iru5tees h8ve con8idergd the Charity Commlsslon's guidance on public b8n8fil, Includlng the guldanf* 'public benefit.. runnlng a charity 9PBZ. The Club dlreclly b8n8fits thos8 chlldren and youth members who tak8 part En th8 Club's actlviU88, par8nis and cargr8 of those young peopl&, and tho schDols whlch they 8tt8nd. In addition, part8 of our PT8mi89s 8re 8v8llablts on 8hort- ¢x k)ng-tem use to bolh individu8ts. other ch8rttle8, and buslnesstss for an apprLyriat8 Consideration. ACHIEVEMENT AND PERFORMANCE Charltsble actlvltl85 The Chafity oporalos trorn a rnull-functlonal bulldlng 8t 28Y Goldhawk Road, Shepherds Bush. togèth8r with an annex incorporating a lafge game8 room and gymnaslum from whKh it offers a wide T8ng8 of sportlng and ￿l*eatiOnal advltles. Slgnlficant actlvl¢leg The Club 15 Open slx nlghls a week off8rlng four After.School Club sesslons for chlldren In school years 24.. trK) Senlor Youth Club sesslons for young pgople In Bchool y88r 7 and 8bov8', one Interm8dlats Youth Club se$$￿Th for children and young people In school y88r8 6-8.. and one Junlor Youth Club session for children in school years 2-6. Durlng ha term and school holldays the Club offers a vallety of daytime activi118s, outings. and ￿￿dentIal$ for ¢hild¥en in School years 3 and abovè. Fundr818lng actlvltlÈ$ The Chartty rents parts of Its premlses out durfng the Uma$ that It 45 not U58d for youth programme act￿lI18S. FINANCIAL REVIEW Prlnclpal fundlng 8our¢os We are grateful foT and would like to Ih8nk Ihe follo￿ng organlsatlons for grants received In 2023.. Addison Youth Th8 Dalsy Tru8t Hammersmilh United Charities Hollday Acllv51188 and Food Pmgramme IHAFI Jad( Pelchoy Charlt8bl8 Found8lon John Lyon'8 Charity LB Hammersmlth FsJTharn Llghtbulb Trust London Youth The Sulgrave Foundation Wales Foundatlon From F8bw8ry 2023 to January 2024, we ￿Corded income of £208,975 and 8Kp8ndilure of £203,561, giving us a su￿lUS for tho year of £5,414. W8 brought forward rgserves of £89,6e7. Wg thgrefore carriad forward reserves of £95,081. whlc* 18 comlortatly more than thè mlnlmum resèNes wa beli8v8 Is prudent In ¢8s9 of unexp8fAed costs. Re$etv¢$ pollGy In nomial clrcumslanc•s the trustees con51dEr ft wudent to set 88ldg at 188St £50.000 lo meet ￿￿)￿O¢t contIngenC￿8. To safeguard our income by way of donatEons Irom 0th8r charS1ies and bgrE8faclor6 we employ a part-llme fufidrai88r who puts our narne foThvard by way of appllcatlons for grants for ggneral youth work costs together ￿th Speclfic oullngs and PTol8Ct6. Our p￿rn￿&s have bB$n refurblshod to giva us moro 4cc855tbRty for youth work and to make thom moro altractivtr to poten￿81 tenants wtsk18 youth work hours. P8gg 3 for tho Yoar End£d 31 J8nu8 2024 FINANCIAL REVIEW Golng concern The Iru51ee5 con5id8r with the fadltth95 and r85ourc85 at its dlsposal that the Charfty Js a goSro conc8m ￿1h no Ihougm of c8aslng Its acu￿￿e8 at any fvture dale. STRUCTURE, 130VERNANCE AND MANAGEMENT Govemlng document The charity is controlled by its governing docum8n( 8 deed of INSI. and ¢oThsUlutes a Ilrniled cornpany, limited by guarantee, as daffned by tho Companies Act 2￿fj. Ro¢ruitment and appolntment of new Iru8ts88 New Irusle95 arg appointed from time to time al th8 dE5cret￿n of the IrLBte8S. OrganS8allono1 •lructyre While the Sulgrave Foundation owns the prem1￿$ at 287 Goldhawk Road London W12. 11 has granted a leas& of the premlses to the Sulgrave Club from whkh the Club operates. Th8 d8y to day running ol Ihe Club together wlh the 6X￿Nding of 811 moni88 procured. is totalty und8r th8 contrd of the Twstees, ol the Sulgrave Club Llmlted. Connodgd partles The Sulgrave Found9Ion owns the prem18$8 whlch the tharity operates and the Club recaives gr8nl revenu8 from investments held by Th8 Sulgrave Foundalion. A repr8S8n181iv8 of th8 Sulgrave FourKlalk)n has a permanènt posiuon on the manag8menl commttlee of the Sulgrave Club Llmlterj. The vlca-chalr of Ihe Sulgrav8 Club Umlled 18 81s0 8 trustse olthe Sufgrave Foundation. The Clut) has closo Ilnks wllh London Youth. ￿th wthlch it ha5 affl11818 rn8mb8rshlp 8nd Is gulded by that organlsallon's 8lrns and princlp188 in all Its work %￿lh young p80pL8. A r8pr8s8nl8tive ol London Youth h86 the oplk)n of a p8rm8n8nt seat on the management committee of the Sulgrave Club Limited. The London Borough ol Hammorsmtth and Fulham has g5von tho Club finandal support through Serv￿ level agreèments and one-off prolect grants over a great rnany years. An offic8r of thg Councll h88 the oplio¢) of 8 pemianenl S881 OTh the management commlttes of the Sulgrave Club Llmhed. R18k manag¢ment The Trustees have a duty to Idgnllfy and rtVi8W the risks to which the Club Is 8XPO88d and to ensure apwopriato controls are in p12C8 to provid8 r82sonable a88urance agalnsl fraud and 8rror. Tho trustees con$￿tr 5u¢h controls ar8 place malnly through onlSne banklrrtj and the procedur6$ for tt)6 authorfsatlon of paym8nts. To Iden￿ty r81evant ￿Sk$ and appropriate controls, Ihe followlng factor5 consid8r8d.. The ch8riWs obj8CtIV88 and slr8tegig8', - The nature and scale of the charit15 actiwles., Exl8m81 leglslallon and regulallons - The opgrat5ng stru¢ture and pra¢11￿ of tho charfty. By pro8dvely managin9 these risks, the charity aim$ to enha[￿8 115 r8sili8nc8, proted its 888818, and Increase the Ilkelihood od achEèvlng 11$ mi58bn and obJecUve5. 2 f o C4Tr ￿￿2¢)118nd sign8d on Ils behaW by.. Approved by ord&r of the board oltrustee5 On....... ... CL 10 Liiie Page 4 Inde en rava Club Lirnit8d Independent examlnarf8 feport to the trustees of Sulgrava Club LITnlted rthè Company'l I report io the charily truste85 on Tny oxamlnallon of the accounts of the Company lor thg year ended 31 Jhnuary 2024. Respon$lbllitleg and b8818 of r8Ptsrt As the charily's trustees of the Company land also 518 directors for the purposes ol wmpany lawl YCAJ are respDnsSbl8 for lh8 prep8railon of tho a¢¢ounts In a¢wrdance Ihe roqulrements of lh8 Comp8ni8s Act 20061'the 2006 Art). Having 8ati5f18d myself that the accounts of the Company gre nol requir8d to be gudlted under Part 16 of th8 2006 Act and are ellglble for Ind8pendent examlnatlon. I report in re5pg01 of my examlnallon of your charitys accounts as carTred out undor Sedon 145 ol the Ch8ritles Act 2011 I'the 2011 A¢l'l. In carrying out tny examinallon I hav8 folk)w8d Ih Dlrectlons oiY8n by th8 Charity Commtsslon under Section 145151 Ibl of the 2011 Acl. Independont •xamlnee8 Stalgm¢ I have completed my examination. I confirm that no matters h8V8 ￿m• to my attenuon In connectk)n vlth the 8xamlnalon gSving rn8 caus• to belleve.. accountiThJ records were nol kept in respect of thè Company as requlred by s￿tIOn 386 01 the 2006 Act.. or the a¢counls do not accord wlh those ￿CordS., or the accounts do not eompEy ￿th the xcounting r8qthrements of Sectk)n 396 01 the 2006 Act olher Ih8n any reoulrement Ih8t th8 accounts g1￿ a Iwg and falr v18w whlch Is not a matter con81d8¥8d a5 part of an independent examlnatlon. or the accounts have not bBen prepared 8ccord8nce wth the mgthods and prinuples of the Statement of R8cofflmended Practlce for 8ccounUng and reportlng by charlt188 lapplicable to ¢har11188 preparing their accounts in ac