2021-12-31-accounts - The Union Jack Club

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					A	S AT31	DECEMBER 2021	DECEMBER 2021
							Charity		Group
						Notes	2021	2020	2021	2020
							6	f	f	f
Fixed Assets
Tangible assets						9	4,801,419	5,142,722	4,801,419	5,142,722
Investments						10	7,339,157	6,652,433	7,339,155	6,652,431
							12,140,576	11,795,156	12,140,574	11,795,153
Current Assets
Stocks						11	64,183	73,671	72,210	86,802
Debtors						12	277,120	881,504	271,817	193,275
Cash at bank and in		hand					1,244,834	412,479	1,640,415	1,300,641
							1,586,137	1,367,654	1,984,442	1,580,717
Liabilities
Creditors: Amounts		falling			due
within one year						13	(1,026,728)	(529,353)	(1,105,096)	(568,694)
								(91,976)	-	(91,976)
Net Current	Assets						559,409	746,324	879,346	920,048
Total Assets	less Current				Liabilities		12,699,985	12,541,479	13,019,920	12,715,200
Creditors: Amounts		falling			due
after more than one		year:				14	(1,325,038)	(1,408,024)	(1,325,038)	(1,408,024)
Discretionary pension			provision			15	(220,200)	(241,900)	(220,200)	(241,900)
Net Assets							11,154,747	10,891,555	11,474,682	11,065,276
Accumulated	Funds
Unrestricted	Funds:
Designated	Revaluation			reserve		16	2,157,946	1,843,997	2,157,946	1,843,997
Designated	Fixed Asset		reserve			16	4,489,418	4,752,722	4,489,418	4,752,722
Designated	Infrastructure				Fund	16	1,000,000	1,138,742	1,000,000	1,138,742
Income and	Expenditure			reserve		16	3,507,383	3,156,094	3,827,318	3,329,815
						17a)	11,154,747	10,891,555	11,474,682	11,065,276

					2021	2020
					E	E
Cash flow from operating activities
Net cash provided by operating activities					711,915	(632,989)
Cash flows from investing activities
Investment income and interest received					128,262	85,718
Finance costs					(63,726)	(43,060)
(Decrease) / Increase in cash held by investment		manager			(201,628)	129,057
Proceeds from disposal offixed asset investments					2,062,183	2,274,275
Acquisition offixed asset investments					(1,863,227)	(2,138,549)
Payments to acquire tangible fixed assets					(434,007)	(89553)
					(372,143)	217,888
Net increase in cash and cash equivalents					339,772	(415,100)
Cash and cash equivalents at beginning of	year				1,300,643	1,715,744
Cash and cash equivalents at end ofyear					1,640,415	1,300,643
Reconciliation of net income to net cash flow from operating			activities
					2021	2020
					E	E
Net income					409,405	(1,321,084)
Adjustments for:
Less investment income					(128,262)	(85,718)
Add finance costs					63,726	43,060
Add depreciation and disposal oftangible	fixed assets				775,311	827,132
Add Loss / (Subtract Profit) on investment	assets				(684,052)	(378,378)
Add / (Subtract) Pension provision adjustment					(21,700)	(900)
Decrease / (Increase) in stocks					14,592	8,538
Decrease / (Increase) in debtors					(102,087)	242,703
(Decrease) / Increase in creditors					559,945	(1,376,366)
Increase/(Decrease) in Long Term Creditors					(174,962)	1,408,024
Net cash provided by operating activities					711,915	(632,989)
Analysis ofchanges in net debt
	As	at the 1stJanaury 2021		Cash Flow	As at the 31st	December 2021
Cash		E1,300,643		E339,773	E1,640,416
Loans falling due within one year		EO		E300,000	6300,000
Loans falling due after more than one year		E1,408,024		-E283,024	E1,125,000

				2021	2020
				E	E
Turnover				757,219	440,101
Cost ofsales				(436,765)	(262,114)
Gross profit				320,454	177,986
Administration	expenses			(4,508)	(4,369)
Operating profit				315,946	173,617
Other income				3,037	105
Profit on Ordinary		Activities before taxation		318,982	173,722
Tax on Profit on	Ordinary		Activities
Retained earnings		brought	forward	173,722	598,913
Gift Aid Distribution		to The Union Jack Club		(173,722)	(598,913)
Retained earnings		carried	forward	318,982	173,722

		2021	2020
		E	E
UK listed		99,097	59,378
Overseas	listed	29,094	24,710
		128,191	84,088
UK bank	deposit interest	71	1,629
Total for	the Group	128,262	85,718

Provision ofme	mbership and residential services includes	support costs as follows:
		2021	2020
		E	E
Administration	staff costs	572,221	629,488
Legal and other	professional	132,363	47,414
		704,584	676,902

STAFF COSTS					2021	2020
					E	E
Wages and salaries					3,048,081	3,409,273
Pension contributions					92,500	107,814
Employer's National	insurance		Contributions		265,666	282,496
Termination Costs					2,021	121,465
Club staff costs					3,408,268	3,921,048
					2021	2020
					No.	No.
The number ofemployees		receiving emoluments		ofE60,000
or more was as follows:
E60,001 —E70,000
E90,001 —F100,000
E100,001 —6110,000
6120,001 —F130,000
6160,000 —F170,000

employees (20	20-62	0,150 in respect oftwo	employees).
				2021	2020
The average monthly		number ofemployees	during the year	No.	No.
was as follows;
Management	and Administration			8	8
Union Jack Club staff				120	145
				128	153

	FOR TH	FOR TH	FOR TH	FOR TH	FOR TH	E YEAR E	NDED 31DECE	MBER 20	21
10	FIXED ASSET INVESTMENTS								2021	2020
									f	E
	Group
	Investments		at	market value;
	At 1January								6,652,430	6,409,775
	Additions								1,863,227	2,138,552
	Disposals								(2,062,183)	(2,274,275)
	Net realised	gain /( loss ) on disposal							16,858	(80,395)
	Net unrealised			investment	gain /	( loss)			667,193	458,773
									7,137,527	6,652,431
	Cash held by		investment		manager				201,628
	At 31December								7,339,155	6,652,431
	Investments		comprise:
	UK equities	and		funds					4,102,717	3,816,129
	Overseas equities								3,034,810	2,836,302
	Cash held								201,628
									7,339,155	6,652,431
	Historical cost at 31December								6,652,431	6,538,832
	Club
	As above								7,339,155	6,652,430
	Investment	in subsidiary			undertaking				2	2
									7,339,157	6,652,432
11	STOCKS						Charity		Group
							2021	2020	2021	2020
							f	f	f	f
	Brexlt Stocks						23,715	46,996	23,715	46,996
	Shop								8,027	13,131
	Catering						15,121	9,471	15,121	9,471
	Bar						25,347	17,204	25,347	17,204
							64,183	73,671	72,210	86,802

					2021	2020
					E	E
Gross pension		liability at start of	year		(241,900)	(242,800)
Pensions	paid				20,700	20,700
Charge to	finance income				(2,100)	(4,000)
Actuarial	(gain)	/ loss recognised	outside the income and expenditure	account	3,100	(15,800)
Gross pension		liability at year end			(220,200)	(241,900)

Past service cost	Past service cost
Interest	on gross pension	liability			(2,100)	(4,000)
Actuarial	(gain) / loss recognised		outside the income and expenditure	account	3,100	(15,800)

a)			2021		Income and		Fixed Asset
				Revaluation	Expenditure	Infrastructure	Designated	2021
				Reserve	Reserve	Fund	Fund	Total
				E	E	f
	Tangible fixed assets			312,000			4,489,418	4,801,418
	Investments			1,845,946	4,493,209	1,000,000		7,339,155
	Net assets				879,347			879,347
	Creditors	&	One Year		(1,545,238)			(1,545,238)
				2,157,946	3,827,318	1,000,000	4,489,418	11,474,682
b)			2020
					Income and	External	Fixed Asset
				Revaluation	Expenditure	Repair	Designated	2020
				Reserve	Reserve	Fund	Fund	Total
				E	E
	Tangible fixed assets			390,000			4,752,722	5,142,722
	Investments			1,453,997	4,059,692	1,138,742		6,652,431
	Net assets				1,012,023			1,012,023
	Creditors	&	One Year		(1,741,900)			(1,741,900)
				1,843,997	3,329,815	1,138,742	4,752,722	11,065,276

The charity had annual operating	lease commitments	as follows:	2021	2020
Within 1year			4,256	10,213
Between 1and 5years				4,256