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.

4. 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