2025-10-31-accounts

The Welbeloved Club Charitable Incorporated Organisation Register8d chaiity number 1190165 Trustees. Annual Report and Accounts for the year ended 31 October 2025 Contsnts Trust8es' annual report ' page 2 Receipts and payments account ' page 6 Statement of assets and liabiliti8S page 8 Notes to the accounts . page 9

The Welbeloved Club Trustees. annual report for the year ended 31 October 2025 Rèference and adminlstralive detslls Charity name: The WeltÉloved Club (tr Clubl Registergj charity numw. 1190165 Legal fomi". Charitable IncorporabJ Organisation (CIO) Principal address: 26 Ellenborough Close, Bishops Stortford. Herts CM23 4HS Trustees, who seNed throughout the year and at the date this report was approved.. Philip Deeks (Chair), Gillian Gill (Treasurer), Katiuscia Pulford, Jean Palfreman, David Royle Bankets.. CAF Bank Limtted, 25 Kings Hill Avenue, West Malling, Kent ME19 4Ja", and Metro Bank. One Southampton Row. London WC1B SHA Indep8ndent examiner. Mark Clement Structure. govefnanco and managoment The Club was established as a not for profft organisation in August 2017 and was registered as harity with the Charity Commlssion on 29 June 2020. It is Gonstituted as a Charitsble Incorporated Organisation (foundation model), govemed by a constitutlon dated 16 June 2020 which was registered by the Charity Commission on 29 June 2020. Its Gharita￿e oty'ects. as set out in the constitution, are: 'For the public benefit to promote the relief of eldartypgcple M￿dOnt in H8rtft)rtlshirn and Essex 8nd the sunounding 8re8 who arn suffertng fmm loneliness and soual isolatK)n In 8ny m8nner which now or hèrnaft8rmay be d8em8d by law to be charitable and in p8rti¢u18r by the provision of 8 Sund8y lunch club to offera monthty communal meal and op￿)rtUnItieS for social inter8¢tion." The Club Is overseen by its trustees for the benefft of its members. A new trustse must have the necessary skills. kno¥Medge and experience. and is appointed by a resolution passed at a trustees, meeling. The trustees meet between four and six times 8 year. Week on week the Club is managed by Jo Sydes Inée Gill), vtho set up the Club Around the end of 2023 a management team was formed to deal wilh the increasing demands of vafiOUS aspecls of management. including volunteer recrutiment, membership enquiries and general administration. The management team worf( voluntarily and no paym•nt is made to #ny officer of the Club in the execution of their duts'es. ObJectlve$, a¢tlvfties and publlc benafft The Club's purpose is to relieve loneliness and soe4al isolation among okler people. It does this by arranging a full lunch for its members- eldety people in the local area over the age of 70 who are lonely andlor soaalty isolated. Over a hundred peop￿ visit us at Ihe Sawbridgeworth Memorial Hall, Herts on the fitst Sunday of every month. and in Manuden we serrfe up to 30 members on the third Wednesday of the month. Lunch 5$ prepared, Cooked. served and cleared away by volunteers. If members require it, we can arrange for them to be ¢ollected aTrJ retumed home later. This facilitates social interadion in 8 comforb'ng environment. The cost of lunch is subsidised, and the Christmas lunch is prowded entirely free of charge, so that cost is not a baffier to attending. The Club is run entirety by volunteers and has no paid staff. Any benefit to individuals connected with the Club is incidental to Larying out its purposes.

In exerrysing their powers and duties during the year. the trustees confirm that they have had due regard to the Charity Commission's guidance on public benefiL Achlevements and perfomiance The Welbeloved Club is a registered charity With a heartfelt mission: to alleviate loneliness among older people by creating spaces for conneclion and Com￿xInity. We host monthly lunch gatherings where guests Can enjoy a delicbous meal, make ne•4 friends. and feel a genuine sense of belonging. Loneliness and isolation are very real and growing issues for many older people, often affecting both mental and physical well-being. At The Welbeloved Club we recognise this challenge and we are committed to doing something at￿t IL 2025 has been a hugety positsve arml rewarding year, marked by growth, generosty, and an ever4leepening sens8 of community. This year saw an exciting step f0p￿ard in our (xjtreath project. With the opening of a second lunch in a village setting (Manuden. Essex) we have teen able to welcome new members and extend our support to more older people who may othe￿ise feel isolated. At the same b"me, attendan￿ at our original venue in Sawbridgeworth remains strong. reflethng the lasling friendships and sense of belonging the Club continues to foster. During the year Ihe Club seNed 1,295 meals to its members across 19 lunch events at its two venu8S. At 31 October 2025 there were 150 membefs on the Club's roll and more than 60 volunteers giving their time. Thanks to the continued support ol our members and supporters we have seen a signfficant increase in donations, with individuals. local groups and commercial partners all playing a vital role in helping th8 Club thrive. This generosity was espea811y felt at Christmas, when conln'butions enabled us to provide a free festlve lunch for all our membe￿, along wlth thoughtful gift bags for each guest- an occasion that truly captured the spirit of the Club. A major highlight of the year was the purchase of our own van. This has already made a meanin9fiJl difference. enabling us to transport equipment more easily and support muRipl8 venues. It has been instrumental in rna￿.ng our expansion po$sitle and will continue to underpin our outreach as we look to grow further. At the heart of everything we do is our InGredible t6am of volunteers. The Club Is run entirely by volunteers. with no paid staff. and their ts'rne, care arKI dedicab'on are whai make the Club so special. From organising lunches to SUPFQrting memb8rs behind Ihe scenes. their contrilwtion cannot b8 overstated. Ag V￿ look ahead. we do so with ¢onfid8nce and gratitud8. the continued encouragement of our community and supporters we hope to reach even more people. wlth another branch opening in Takeley in June 2026, vthile continuing to prOV￿e wam, w81¢oming environment that defines The Welbeloved Club. Flnancial revbew Lunch receipts are up just over 30% on last year. This is In part because we opened another club venue in a village location. Member numbers at our original venue remain stable. Food costs continue to Increase, however other eX￿nSeS relating to the lunch itself have hekl, and the trustees were therefore able to maintain the lunch price to members. Our new operation is bas&1 in Manuden. Essex, where venue costs are much I0￿r. The trustees therefore decided to offer lunch to guests at £10 per person. The plan 15 to continue to expand into other villages in different areas. helping more socially isolated elderfy peoFI8. Donations fomied the largest part of our inc¢)me this year. In December. as in previous years, we received many individual and ¢orrrt)rate donalions, helping us provide Christsnas lunch to members free of charge. All membefs were also given gfft bags wtth an individual value in excess of £15. Some of the items gifted were donated by local residents. school children and businesses {such as Christmas

decoratlons, postage stsmps and thocolates}, and donated goods are not included in these accounts. We received a generous donation of £7,500 in October to help us continue to expand while supporting our existing membership. Corporate donations, which are not Gift eligible. totslied more than £14.000 during the year; Gfft Aid rec￿pts were £616. A fvll list of donors is gNen in the notes to the acGounts. As a result of the generous donations receNed, fijndraising activitles were not nerxssarily a focus this year. In previous years this was a main priority as the Club was intent on purchasing a van to move equipment and stores be￿n venues. vthich it athieved this year. Running costs will be met through existing fvnds or through future fundraising. Th8 purchase of the van at £14,988 is the reason the Club shows a net reduction In its cash fvnds for the year. The van is owned outright by the Club: there is no finance agreement or charge over it. This year we purchased four places in the London Marathon 2026 at a cost of £400 per place plus VAT. Each runner has pledged to raise a minimum of £1.500. Because the event falls in the next financial year, the sponsorship raised V4ry11 largely t* r8ceNed in the year ending 31 October 2026, while the cost of the places falls in this year. Any fijnds raised wlll go into the Club's general fvnd$ undl new projects are planned. The Club has no debts. has glven no guarantees, and does not hold any funds as custodian trustse. Our fin8ncial situation remains strong and we viill conlinue to explore opportunities to support our members furthei. R•seNes policy The twstees have not adopted a fomial reserves ￿lICY. TIV reviv•V the level of funds held at each trustees. meeting and consider the current level arvopriate to the Club's acdvities and plans. Cash funds at 31 October 2025 vme £24,586.77. vjhith represents approximately eleven months of th8 Club's running costs. The trustees intend to consider adoptirwJ a fomial pollcy at their next meeting. Approvad by th• tnistees and slgned on tholr bghaff: Dated.. 12th August 2026 Slgned.. Phllip Deeks - Chalr

The Welbeloved Club Receipts and payments account for the year ended 31 October 2025 (prepared on a receipts and payments basis) 2025 2024 Income 18,734.89 17.931.84 616.20 12.745 3,253 1,267 Lunch Fees Donab'ons Gfft Aid Grants Fundraising East Herts Lottery Xmas Card Sal8S Bank Interest Marathon Donations Mis￿lIaneOUS Totsl Incomo 82.00 256.50 72.00 560.95 436.38 0.00 36,690.76 10.390 319 238 237 28,449 Expondfture Lunch Food Costs Lunch Décor Costs Lunch Flower Costs Venue Hire Charges Transportation Entertainment Charges 9,047.73 194.05 897.00 2,660.00 852.59 220.00 13.671.37 Sub Totsl 11,890 Office Costs Advertising & Marketlng Training Costs Bank Charges Print, Postsge, Ststionery Gifts for Volunteers Insurance & Proksslonal Fees Accountsng Repairs & Maintenance 2.304.66 956.26 136.80 61.00 1,282.73 478.55 433.47 230.00 136.50 8,019.97 1.249 413 1,718 Sub Total Fundraising Marathon Costs 0.00 2.151.25 2.151.25 Sub Total Equipment (Revenue) Motor Vehicle Running 935.33 1.543.83 2,479.16 1,311 Sub Total 1,311 Gifts for Members Trustee Expenses Miscellaneous 1,062.85 33.65 229.97 254 200

1.326.47 454 Sub Total 25,648.22 17,499 Total Payments 10.950 Net receiptsl(payments) 11.042.$4 Capltal Equipment (Asset) Expendlture Equipment (Capital) Motor Vehicle Purchase 185.13 14,988.00 15.173.13 1.409 Sub Total 1,409 Net movement in cash funds for the year (4,130.69} 9,541 Reconclliatlon of Gash funds Cash funds at 1 November 2024 Net movement in cash ￿ndS for the year Cash funds at 31 October 2025 28,717.36 (4.130_59) 24,586.77 2025 f￿uMS aTr stated to the r￿3￿Stpenny. The 2024 cOMpa￿l￿eS p￿Sented as p￿V￿UsIY Rported, n)unded lo the nea￿st £, and arg shown in summary onty forth8 fi￿t bk)ck ofexpenditum, as a category b￿akdOWn was not prepared for that year.

The Welbeloved Club Statsment of assets and liabilities at 31 October 2025 2025 2024 Cash assets 1.203.39 Current accounts Deposit acGounts 23,258.38 125.00 Pety Cash 24,586.77 Totsl cash assets Cash asset$ compriso the Club's curnnt and dep￿11 accounts with CAF 8ank and met￿ Bank, together with C￿17 held on hand. All Gash assets bdong to the Glub's unTrSt￿t9d funds. 1,212.64 27,451.72 53.00 28.717.36 Assots r•talnod for the Club's ovm use Catering, sepiing and display equipment used at the lunches, owned outright by the Club. All venues used are hired and are not assets of the Club. Motor vehicle.. R8nault Trafic SH30 &Ness+ Energy (2020), registration MA20 GOC. purchased in July 2025 at a cost of £14,988. Hekl for Ihe Club's own use and owned outright. rhes8 assets bdong to the Club's unr8stnct8d fun(ts. Liabllltles There were no liabillttes at 31 October 2025. Approved by th• tru•teeg and slgned on thelr ￿half. Dated: 12th August 2026 Signed: Glllian Gil Treasurer

The Welbeloved Club Notss to the accounts for the year ended 31 October 2025 1. Basis of preparation These accounts have been prepared on a re￿ipts and payments basis under section 133 of the Charitses Act 2011, which is available to the Club because its gross ino)me does not exceed £250.000. Receipts and payments accounts summatise the movement of Gqsh into and out of the Club during the financial year. In this context"cash' includes cash equivalents. for example bank accounts from which cash can be readily withdrawn to pay debts as they become due. Accounts prepared on this basis do not include amounts for depreciation, donated goods or serwices, debtors or creditors. 2. Grants and donations No grants were r￿1Ved during the year (2024". norE). Donations recelved. rounded to the nearest £". Namo Crouchman Quiz Hughes Integilty Partne Hams Tobias Cafj)enter VitttNi Jackson Unathletico Stortford FC Centiica Sawbridgeworth F￿masOnS Grnmpy Giv8rs Cla￿e Bishops Stortfond College PTr R￿p Hayter Ratcljffe P￿rnI6r Court ca￿ Home Sawbridgeworth Angle McGui Mccarthy & Stone MisGellan¢ous 8nd Cash rotal The donorschedule is rounded to the nea￿$1 £ and tdals £17.932 against (k)nalM)ns of £17,931.84 the ￿ceIptS and payments acrounl. tA)I￿r5 are asked whether t￿Y a￿ contert to be named.. Whe￿ 8 donorprefe13 not to be, Ihe donation is i￿luded within "Miscellaneous and Cash". GiftAid of £616.20 was recovered during the yearand is shown sepatstely in the ￿Ce￿I$ and payments a¢￿u￿t. Amount £779 £50 £250 £750 £60 £125 £250 £50 £2,000 £250 £3,000 £24 £1,825 £350 £20 £413 £50 £20 £7,500 £166 £17,932 3. Trustee remunerdtion and expenses The Club has no employees and all work for the Club is Underta￿ on a voluntary basis. No trustee re￿iVed any remuneration for their SeNi￿S during the year (2024". none). Ex￿nSeS of £158.65 were reimt￿rSed to trustees during the year (2024: £254). of which £33.65 is shown as Trustee Expenses in the r￿ipts and payments account and represents refreshments at a joint meeting of the trustees and the management team. In addition. trustees met £699.79 of the Club's own costs during Ihe year, ekther usitvJ a Club debit card issued in their name or from th￿r own funds and subsequenty reimbursed. Those amounts are the Club's own expenditure and are included within the categories to they relate rather than sh¢)wn 85 trustee expenses.

1. Charitable Incorporated Oryanisation disclosures The Club has given no guarantees under which any lialylity was outstanding at 31 October 2025, and no debt owed by the Club at that date YRS seourgj by an express charge on any of its assets The* disclosures are required of a CIO by regulab.on 62(2) of the Charitsble InGorporated Organisatr'ons (Generall Regulations 2012. S. Funds All of the Club's funds are unrestn'cted. No donation recerrfed duriThJ Ihe year was given on tem)s restrictirvJ the PUTposes for which it may be applied. and th8 Club holds no endovdment funds and no funds as custodian trustee.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WELBELOVED CLUB

Charitable Incorporated Organisation · registered charity number 1190165

I report to the charity trustees on my examination of the accounts of The Welbeloved Club (“the CIO”) for the year ended 31 October 2025.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the CIO's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

An independent examination is not an audit, and this report does not express an opinion on whether the accounts give a true and fair view.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or

2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Name:

Relevant professional qualification(s) or membership of professional bodies (if any):

Address:

Date:

Mark Clement

None.

19 Knight Street, Sawbridgeworth, Hertfordshire CM21 9AT

13 August 2026

Relevant practical experience

More than thirty years in financial services. Currently, Head of AI for Prospect 33. Managing Director at Bank of America from 2005 to 2023, responsible for middle office, product control, reconciliations, quantitative services and data quality, and a member of the board of Bank of America Securities Limited from 2005 to 2013. Earlier middle office and operations roles at Goldman Sachs, J.P. Morgan and Bankers Trust. Chairman of the board of trustees of Promoting Autism Neurodiversity Awareness (registered charity 1185831) from 2018 to 2026, and a member of the board of trustees of 309 (Sawbridgeworth) Squadron, RAF Air Cadets, since 2022. BSc in Economics from University of Surrey.

Independent examiner's report · The Welbeloved Club · year ended 31 October 2025 · page 1