Charity registration number.. 1203662 THE POSH CLUB CIO TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
The Posh Club CIO Contents Page Trustees, Report Independent Examiner's Report Statement of Flnancial Activitles Comparative Statement of Financial Activities statement of Financial Position Notes to the Financial Statements 9-14
The Posh Club CIO Trustees, Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. Objectives and Activities Alms and ObJertlve$ Main Achievement$ Programme of Activity - Charitable Activities The Posh Club is a glamorous performance and so¢ial club for older people in their 90$, 80$, 70s and 60$ held once a month In four locations across London and the South East - In Crawley, Hackney, Peckham and Hastings. Each three-and-a-half hour event is styled as a tongue-ln-cheek 'posh' afternoon tea with a live variety show with various acts, volunteer waiters in black tie, socialising and dancing. It is a glèmorous event for about 100 partitipants at eath weekly event, held In the heart of the community in elegantly transformed church halls and cornmunity centres and emphasises dressing up, regular access to high quality live performance, social connectivity and interyenerational volunteering. The Posh Club Crawl&y and The Posh Club Peckham are both held on the last Tuesday of the month, Posh Club Hackney is held on the last Wednesday of the month and The Posh Club Hastings is held on the last Friday of the month, the times are 11.30am - 3pm. In addition to the regular monthly clubs, also take The Posh Club on tour visiting new locations as pop-up events. This year we staged pop up clubs in Ipswich, Weston Super-mare, Bermondsey, Woolwich, Halifax, St Helen's and St Joseph's Hospice in London. The Posh Club is currently funded as a National Portfolio Organisation OF Arts Council England, with co-funding from United St Saviours Charity and Crawley Borough Council. Future Plans Future plans after March 2025 include touring The Posh Club to Jaywlck, Cmydon, Vauxhall, Kirkby, Gloucestershire, Todmorden and return visits to Bermondsey, Woolwich and St Helens Management & Governance The Posh Club's Memtsrandum & Articles of Association set out our charitable purpose and how we are governed and led. The Articles detail responsibilities, powers and deleg3ted authorities of the Board and Leadership. Trustees are responsible for ensuring The Posh Club is well governed, gcrutini5ed and held to account- providing strategic leadershipi monitoring financial strategy and risk, 8Uthorising stakeholder relationships, addressing succession planning and ensuring The Posh Club's programme and operational obligations are well managed. As part of this, the board of Trustees approve and annually refresh a suite of governance and procedural documents and organisational policies. Trustees meet 4 tlmes a year, Includlng l AGM. Leadershlp & Operatlons The Trustees delegate leadership of The Posh Club to the Executive team, comprised of Simon Casson, Dicky Eton and Becca Lundberg. The Posh Club regularly collaborates with specialists, consultants and a pool of creative associates, production, education, and performance specialists engaged to support delivery of our artistic programme. We invest In profe55ional developtnent & training of our core tearn, freelance collaboTrtors & board, considering this as pivotal to our ongoing resilience & progress. The Posh Club Is based In Crawley, West Sussex. Publlc Beneflt The objects of The Posh Club are to run day-time social and entertainrnent clubs for people over the age of 60 years old, with the aim of reducing social isolation and loneliness, improving well-being and helping people to feel part of their local community. The trustees confirm that they have cornplied with the requirements of Section 17 of the Charities Act 2011 to have due regard to rhe Charity Commisslon's guidance on public beneflt. Financial Review Page I
The Posh Club CIO Trustees. Report {continued} For The Year Ended 31 March 2025 Financial Position Significant Events The Posh Club operates a tripartite business rnodel drawing Income from public bodies, fundraising and earned sources. These accounts present a turnover of £321,172. Through rigorous and robust financial planning & monthlyi quarterlyi and annual reporting Imanagement accounts, cashflows, budgets, audiied accounts monitored and approved by the Trustees), maintaining Insurances and reserves to protect our assets and activities. contingency plans and funds, strong governance, leadership and rigorously efficient financial management the organi5ation continues to manage and mitigate risk. Re$enie$ Policy We aim to maintain 3 months reserves, whlch for the year endlng 2025 would be the equivalent to £69,102. We have increased our unrestricted reserves, which presently stand at £55,000. We will continue to Increase our unrestricted reserves to ensufft we have 3 months reserves by the end of 2026. £49,000 has been designated as reserves for a new project commencing In March 2026 called The Rollers. Fundraising The Posh Club successfully secured funding as a National Portfolio Organisation INPOI OF Arts Council England IACEI for the period 2023-2028. underpinning oryanisational stability going forwards. Implementation of our fundraising strategy will guide us through our endeavour to diversify our income and procure resource5 toward5 our charitable activities. Our annual grant of £150,000 contributes towards both the core running costs of the organlsation together with our artlstic output across the year. Structure. Governance and Management Goveminy Document Governing Document Risks A solid organis3tlonal structure, strong governance, a leadlng team, and expertise at 311 levels ensures risk is managed effectively. We fully consider approache5 to risk rnitigation, rnonitoring, and management a5 part of our ongoing practice. A contingency programme plan and contingenty budget stenarios have been prepared,. awareness of risks and risk mitigation as part of our on-going practice Is irnbedded across all activities and a Risk Register is developed on an annual basis and reviewed and monitored by the Trustees. Equityi Diversity & Inclusion Equity, inclusion, access & opportunity for all sits at the core of everything we do. We strive for equality, equity and diversity in all aa5 of our creative programme, operations and reach. In pursuit of thi5 we have implemented a time- bound delivery plan for the year to guide us thmugh a process of implementation, change and improvement to support our development, Imbed Inclusive practices across the leadership of the organi5ation and play our part in contnbuting to a more equitable, diverse, and inclusive community arts sector. Safeguardlng The Posh Club is committed to protecting the welfare of vulnerable adults. We believe that everyone has the right to live and work free from abuse of any kind. We consider it our fftsptsnsibility to keep vulnerable adults safe and we are committed to protecting vulnerable adults In all of our activities and providing a safe and supportive place to work. Our Safeguarding Policy has been developed in accordance with this comrnitment and the requirernents and principles of statutory leglslation. Environmental Responsibility The Posh Club 15 O 5moII organisation, consisting of three part-time staff, each of whom works fmm their home base to support company business. As a pmducing organisation with no venue, our work varies from small-scale performance activity to large-scale, site-specific projects often delivered in partnership with other institutions such as local authorities, museums and festivals. The Posh Club recognises that its activity has an envimnmental Impact which cannot be Ignored. Our overall aim Is to better understand thi5 impact and where possible, make changes to our working practice5 to Iirnit or reduce this. Our overall aim is to better understand this impact and wheo possible, make changes to our working prattices to limit or reduce this. Reference and Administrative Details Trustees Yln-wai Wong Simon Casson Richard Barne5 Page 2
The Posh Club CIO Trustees. Report {continued} For The Year Ended 31 March 2025 Charity Number 1203662 Prlnclpal Address 28 Wakehurst Drive Cowley West Sussex RHIO 6DH Independent Examlner Caroline Clarke ACA Clarke + We115 Ground Floor 66 High Street Lewes East Sussex BN7 IXG Page 3
The Posh Club CIO Trustees, Report (continued) For The Year Ended 31 March 2025 The trustees, report was approved by the board of trustees and signed on its behalf by.. Yin-wai Wong Trustee 23rd January 2026 Page 4
The Posh Club CIO Independent Examiner's Report to the Trustees of The Posh Club CIO For The Year Ended 31 March 2025 I report to the trustees on my examination of the accounts of The Posh Club CIO (the Trust) for the year ended 31 March 2025. Responslbllltles and Basls of Report As the charity trustees of the Trust you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 2011 I-the Act"). I report in respert of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Cornmission under section 14515llbl of the Act. Independent Examiner's Statement Since the Trust's gross incorne exceeded £250,000 your examiner must be a mernber of a body listed in section 145 of the 2011 Act. I confirm that I am Qualified to undertake the exarnination because I am a member of The Institute of Chartered Accountants in England and Wales, which Is one of the listed bodies. I have completed my exarnination. I confirm that no material tnatters have come to tlly attention in connection with the examinatlon glving me cause to belleve that in any materlal respect.. l. accounting records were not kept in respect of the Trust as quIred by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the opplicable requIreents concerning the forrn and contents of account5 Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. which is not a rnatter considered as part of an independent examination. I have no concerns and have cotne across no other matters in connection with the examination to which attention should be dnwn In this report In order to enable a proper understanding of the accounts to be reached. Caroline Clarke ACA 26th 13nuary 2026 Clarke + Wells Ground Floor 66 High Street Lewes East Sussex BN7 IXG Page 5
The Posh Club CIO statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities.. Reducing social isolation and loneliness and improving well being 200,215 58.718 258.933 229.435 62,239 62,239 46.972 262,454 58,718 321,172 276,407 EXPENDITURE ON: Raising funds Charitable activities.. Reducing social i501ation and loneliness and irnproving well being 15,8581 15,8581 112,18LI 1168,5751 194,1861 1262,7611 1193,8461 IL74,4331 194,1861 1268,6191 1206,0271 NET INCOME 88,021 135,4681 52,553 70,380 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 88,021 135,4681 52,553 70,380 34,912 35.468 70.380 TOTAL FUNDS CARRIED FORWARD 14 122,933 122,933 70.380 The notes on pages 9 to 14 form part of these financial statements. Page 6
The Posh Club CIO Comparative Statement of Financial Activities For The Year Ended 31 March 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Note$ INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities.. Reducing social isolation and loneliness and improving well being 173,982 55.453 229.435 46,972 46,972 220,954 55,453 276,407 EXPENDITURE ON: Raising funds Charitable activities.. Reducing social isolation and loneliness and improving well being 112.1811 112.1811 1173,861} 119,9851 1193,8461 1186,042) 119,9851 1206,0271 NET INCOME 34,912 35.468 70.380 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 34,912 35,468 70,380 TOTAL FUNDS CARRIED FORWARD 14 34,912 35,468 70,380 The notes on pages 9 to 14 form part of these financi31 statements. Page 7
The Posh Club CIO statement of Financial Position As At 31 March 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes FIXED ASSETS Tangible Assets io 5,915 5.915 5,915 5.915 CURRENT ASSETS Debtors C3sh at bank and in hand 3,458 121,596 3,458 121,596 106,218 125,054 125,054 106.218 Creditors: Amount5 Falling Due Within One Year 12 18,0361 18,0361 135,8381 NET CURRENT ASSETS (LIABILITIES) 117,018 117,018 70.380 TOTAL A$Ss LESS CURRENT LIABILITIES 122,933 122,933 70,380 NET ASSETS 122,933 122,933 70,380 FUNDS OF THE CHARITY Restrlcted Funds Unrestritted Funds 35,468 34,912 122,933 TOTAL FUNDS 14 122,933 70,380 On behalf of the board Yln-wal Wong Trustee 26th January 2026 The notes on pages 9 to 14 fortn part of these financial Statements. Page 8
The Posh Club CIO Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information The Posh Club CIO is a charitable incorporated organisation registered with the Charity co1$510n, regiSted charity number 1203662. The principal address is 28 Wakehurst Drive, Crawley , West Sussex , RHIO 6DH. 2. Accountlng Pollcles 2. 1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I Jènuary 20191. Financial Reporting Standard 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland 2nd the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Fund Accounting Unrestrlcted funds can be used In accordance wlth the charitable objectives at the dlscretlon of the trustees. Designated funds comprise unrestricted funds that h3ve been set 3side by the trustees for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund 15 included in the notes to the financial 5tatetnents. 2.3. Incoming Resources All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Donations are recognised in full In the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable. Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future year, In which case It Is deferred. Income from charltable activities is credited tothe Statement of Financial Activities when received or receivable whichever is earfier, unless it relates to a specific future year or event, in which case it is deferred. 2.4. Resour¢e$ Expended Liabilities are wognised as resources expended when there is a legal or construrtive obligation cornmitting the Charity to the expenditure. 2.5. Tangible Fixed Assets and Depre¢i)tion Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated irnpairment losses. Depreciation is provided at rate5 calculated to write off the c05t of the fixed a55et5, le55 their estimated residual value, over their expected useful Ilves on the following bases.. Plant & Machinery 250/D Reducing Balance 2.6. Cash and Cash Equlvalents Cash and cash equivalent5 are basic financial assets and include cash in hand and deposits held at call with banks. other short-term highly liouid investments that mature in no more than three months from the late of acquisition and are readily convertible to a known arnount of cash with Insignificant risk of change In value, and bank overdrafts. 2.7. Taxation The charity is exempt frorn tax as all its incotne is charitable and applied for charitable purposes. 2.8. Pen$lon$ The charity operates a defined pension contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. 3. Income from Donations and Legacies Page 9
The Posh Club CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2025 Unrestrlcted Restrlcted Total funds funds funds Donations and gifts Grants 1.293 198,922 1.293 257,640 58.718 200,215 58,718 258,933 2024 Unrestricted Restricted Total funds fund5 funds Oonation5 and gifts Grants 18,057 155,925 18,057 211,378 55,453 173,982 55,453 229,435 The followlng grants are Included wlthln the totsl Income from donatlons and legacles above.. 2025 Unrestri¢ted funds Restrirte funds Total funds Arts Council England NPO Arts Council of Wales National Lottery Awards for All Sussex Community Foundation The Chalk Cliff Trust The Ernst Kleinwort Charitsble Trust Arts Council England Projects The Foyle Foundation United St. Saviour's Charity Crawley Borough Council Gatwick Airport Community Trust Ch3rities Aid Foundation 150,000 150.000 22,468 22.468 15,000 18,750 15,000 18.750 8.240 2,500 40,682 8,240 2.500 40,682 198,922 58,718 257.640 2024 Unrestricted funds Restricted fund5 Total funds Arts Council England NPO Arts Council of Wales National Lottery Awards for All Sussex Comrnunity Foundation The Chalk Cliff Trust The Ernst Kleinwort Charitable Trust Arts Council England Projects The Foyle Foundation United St. Saviour's Charity 150,000 150,000 22,468 19,985 5,000 5.000 3.000 5,925 22,468 19,985 5,000 5,000 3,000 5,925 .CONTINUED Page 10
The Posh Club CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Crawley Borough Councll Gatwick Airport Communlty Trust Charities Aid Foundation 155,925 55,453 211,378 Net Income/{Expendlture) The net income is Stated after charying/lcreditingl'. 2025 2024 Depreciation of tangible fixed assets - owned 126 S. Analysls of Expendlture 2025 Actl¥ltles undertaken <lire¢tlv Support costs (see note 61 Total Raising fund5 Reducing social i501ation and loneliness and improving well being 5,858 249,622 5,858 262,761 13,139 255,480 13,139 268,619 2024 Activitie$ undertaken directlv Support costs (see note 61 Total Raising funds Reducing social isolation and loneliness and improving well being 12,181 186,972 12,181 193,846 6,874 199,153 6,874 206,027 6. Support Costs 2025 Reducing so¢i•l Isolation and loneline55 an improving well beirtg Premises expenses.. Rent General adrnini5tration'. Insurance Subscriptions Finance 4,817 1,048 3,295 1.698 824 Offi Depreciation.. Depreciatlon 126 .CONTINUED Page 11
The Posh Club CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Governance costs.. Independenr examIne$ fees Legal fees 1,320 13,139 2024 Reducing soclal isolation and lonellness and improving well belng General adm1nlstt1On'. Insurance Subscriptions Finance Office Governance cost5- Independent exarniner's fees Legal fees 1,374 2,038 228 963 1,620 651 6,874 7. Independent Examiner's Remuneration 2025 2024 Independent examination of the financial statements 1.320 1,620 8. Staff Costs Stsff costs were as follows.. 2025 2024 Wages and salaries Other pension costs 62,139 2.618 53,195 1,308 64,757 54,503 No employees received ernployee benefits lexcluding employer pension costs) for the reporting period of more than £60,000. 9. Average Number of Employees Average number of employees during the year was.. 4 12024.. 31 Page 12
The Posh Club CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 10. Tangible Assets Plant & Machinery Cost As at l April 2024 Additions 6,041 As at 31 March 2025 6,041 Depreciation A5 at l April 2024 Pmvided during the period 126 A5 at 31 March 2025 126 Net Book Value As 8t 31 March 2025 5,915 A5 at l April 2024 11. Debtors 2025 2024 Due within one year Trade debtors Other debtors 3,000 458 3.458 12. Creditors: Amounts Falling Due Within One Year 2025 2024 Trade creditors other creditors Accruals and deferred income 7,223 118 34,975 168 695 695 8,036 35.838 13. Pension Commitments The charity operates a defined contribution pension scheme. The assets of the scherne are held separately from those of the ch8rity in an independently 8dministered fund. During the year the charye to the statement of financial activities in respect of defined contribution schemes was £2,618 12024.. £1,308). At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors. Page 13
The Posh Club CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 14. Movement in Funds As at l Aprll 2024 Asat31 March 2025 Income Expenditure Transfers Unrestrlcted funds General.. General unrestricted fund 34,912 262,454 1174,4331 149,0001 73,933 Deslgnated: Designated Fund 49,000 49,000 Totsl unrestricted funds 34,9L2 262,454 1174,4331 122.933 Restricted funds Restricted 35.468 58.718 194,1861 Total funds 70,380 321,172 1268,6191 122,933 As at l April 2023 Asat31 Expenditure N•rch 2024 Income Unrestricted funds General.. General unrestricted fund Restricted funds Restricted 220,954 1186,0421 34,912 55,453 119,9851 35.468 Total funds 276,407 1206,0271 70,380 15. Tran5artion5 with Trustee5 During the ye3r the expenses reirnbursed to the trustees or p31d directly to third parties were as follows.. 2025 2024 Travel 40 16. Related Party Disclosures Key management personnel (including 1Ctors) received compensation of £50,134 12024.. £48,830) Page 14