| 2022 | ||||
|---|---|---|---|---|
| Note | Unrestricted | lnfrastructure/tegacy | Total | |
| Fund | Fund | 2022 | ||
| INCOME + ENDOWMENTS | f | c. | € | |
| Donat¡onsandlegacies | 3 | 749,384 | 749,384 | |
| Trading activities | 4 | 1,5r8,645 | 7,518,645 | |
| Other lncome | 34,236 | 34,236 | ||
| Other lncome - lnsuranceClaim | 7 | 3,263 | 3,263 | |
| lnvestment lncome | 5 | 7!8,L49 | 178,L49 | |
| 2,423,676 | 2,423,676 | |||
| CharitableActivities | ||||
| Subscriptions | 6 | 645,L42 | 64s,t42 | |
| Provisionofresidentialservices | 6 | 7,203,227 | 7,203,221 | |
| Total Operat¡nglncome | 70,272,040 | I0,272,040 | ||
| EXPENDITURE | ||||
| Raising Funds | ||||
| Tradingact¡vities | 4 | 852,677 | 852,617 | |
| Fundraisingandpublicity | 39,4r7 | 39,477 | ||
| Investment managementfees | 38,54s | 38,545 | ||
| Finance costs | 137,770 | !37,770 | ||
| Financecostofpensionliability | 15 | 3,600 | 3,600 | |
| Total costofraisingfunds | t,077,949 | 1,,07L,949 | ||
| CharitableActivities | ||||
| Provisionofmembership and residentialservices | 7,721,58L | 7,721,58L | ||
| TotalOperatingExpenditure | 8 | 8,793,530 | 8,793,530 | |
| Net Operating lncome/(Expenditure) | 7,478,5L0 | 7,478,5r0 | ||
| Netlossoninvestmentassets | 10 | (1,016,596) | (1,016,s96) | |
| Net lncome | 46\,915 | 46r,9r4 | ||
| TransferbetweenFunds | ||||
| Actuarial gain on pension scheme | 15 | 34,300 | 34,300 | |
| Grosstransfer between funds | t6 | (496,308) | 496,308 | |
| NetMovement inFunds | (s3) | 496,308 | 496,2L4 | |
| Fundbalancesbroughtforward | ||||
| LJanuary2022 | L0,474,682 | 1,000,000 | 7\,474,682 | |
| Fundbalances carriedforwardat | ||||
| 31December2022 | t7al | 10,474,587 | L,496,308 | 11,970,896 |
| 2021 | ||||
|---|---|---|---|---|
| Note | Unrestr¡cted | lnfrastructure/Legacy | Total | |
| Fund | Fund | 2021 | ||
| INCOME+ ENDOWMENTS | ff | € | ||
| Donations and legacies | 3 | L89,691 | 189,691 | |
| HMRCFurlough Claims | 477,204 | 477,204 | ||
| Tradingactivities | 4 | 760,255 | 760,2s5 | |
| Otherlncome | 37,t74 | 37,t74 | ||
| Otherlncome-lnsurance Claim | 7 | |||
| lnvestment lncome | 5 | r28,262 | r28,262 | |
| 1,592,586 | 1,592,586 | |||
| Char¡tableActiv¡ties | ||||
| Subscriptions | 6 | 490,876 | 490,876 | |
| Provisionof residentialservices | 6 | 3,736,920 | 3,736,920 | |
| Total Operating lncome | 5,820,383 | s,820,383 | ||
| EXPENDITURE | ||||
| Raising Funds | ||||
| Trading activit¡es | 4 | 441,273 | 44t,273 | |
| Fundraising andpublicity | 29,980 | 29,980 | ||
| lnvestment managementfees | 46,990 | 46,990 | ||
| Finance costs | 63,726 | 63,726 | ||
| Finance costof pensionliability | 15 | 2,100 | 2,100 | |
| Totalcostof raising funds | 584,069 | 584,069 | ||
| CharitableActivities | ||||
| Provisionof membership and residentialservices | 5,467,850 | 46,208 | 5,5L4,058 | |
| Total Operating Expenditure | 8 | 6,051,919 | 46,208 | 6,O98,r27 |
| NetOperatintIncome/(Expenditure) | (23L,s37|(46,208) | (277,74sl, | ||
| Netgainon ¡nvestmentassets | 10 | 684,052 | 684,052 | |
| Net lncome | 452,5t5 | (45,208) | 406,307 | |
| Transfer betweenFunds | ||||
| Actuarialgaínon pension scheme | 15 | 3,100 | 3,r.00 | |
| Grosstransfer between funds | 16 | 92,534 | (92,s34) | |
| Net Movement inFunds | 548,r49 | (ß8,742l. | 409,407 | |
| Fund balancesbroughtforward | ||||
| LJanuary 2021 | 9,926,535 | L,r38,742 | ]-L,065,276 | |
| Fund balancescarriedforward at | ||||
| 31December 2021 | ||||
| 77h) | L0,474,682 | 1,000,000 | 11,474,682 |
| Notes | 2022 | 202t | 2022 | 202t | |
|---|---|---|---|---|---|
| r. | r. | f | f | ||
| Fixed Assets | |||||
| Tangibleassets | 9 | 4,547,268 | 4,80t,4!9 | 4,547,268 | 4,801,4L9 |
| lnvestments | 10 | 6,401,27]: | 7,339,L57 | 6,4OL,269 | 7,339,L55 |
| 10,948,539 | t2,t40,576 | 10,948,537 | 12,1.40,574 | ||
| CurrentAssets | |||||
| Stocks | !! | 64,539 | 64,183 | 86,276 | 72,2t0 |
| Debtors | 12 | L96,726 | 277,t20 | 257,792 | 27L,817 |
| Cashatbankand inhand | 2,027,!74 | L,244,834 | 2,552,329 | L,64O,4t5 | |
| 2,288,439 | 1,586,137 | 2,896,396 | 1,984,442 | ||
| Liabilities | |||||
| Creditors:Amounts falling due withinoneyear |
13 | (r,748,O6t1 | (!,026,728) | (1,689,992) | (1,L05,096) |
| Net CurrentAssets | 540,378 | 559,409 | 1.,206,404 | 879,346 | |
| TotalAssets lessCurrentLiabilities | rt,488,917 | 12,699,985 | 12,154,94L | 13,019,920 | |
| Creditors:Amounts falling due | |||||
| after more thanoneyear: | L4 | (r5,244) | (1,325,038) | (!5,244) | (1,325,038) |
| Discretionarypension provision | 15 | (L68,800) | (220,200) | (168,800) | (220,20O) |
| NetAssets | ]-L,304,873 | L1,154,747 | L1,970,897 | 1r,474,682 | |
| AccumulatedFunds | |||||
| UnrestrictedFunds: | |||||
| DesignatedRevaluationreserve | t6 | 98r,!62 | 2,157,946 | 981,t62 | 2,157,946 |
| DesignatedFixedAsset reserve | t6 | 4,3t3,269 | 4,499,418 | 4,313,268 | 4,489,418 |
| DesignatedlnfrastructureFund | t6 | 1,496,308 | 1,000,000 | L,4g6,3Og | 1,ooo,ooo |
| lncome and Expenditurereserve | 16 | 4,514,135 | 3,507,383 | 5,1_80,1-59 | 3,827,318 |
| 17a) | t1,304,873 | t!,L54,747 | 1L,97O,897 | t1,474,682 |
| 2022 | 202L | |||
|---|---|---|---|---|
| f | r. | |||
| Cashflow from operating activities | ||||
| Netcashprovidedbyoperating activities | 2,945,896 | 7Ll,9t5 | ||
| Cashflowsfrominvestingactivities | ||||
| lnvestment income andinterestreceived | tL8,t49 | r28,262 | ||
| Finance costs | (L37,770) | (63,726) | ||
| (Decrease)/lncreaseincashheldbyinvestment manager | 22,232 | (20L,628) | ||
| Proceedsfromdisposalof fixedassetinvestments | t,Lgz,64t | 2,062,t83 | ||
| Acquisition of fixedassetinvestments | (1,293,581) | (!,863,227l' | ||
| Paymentstoacquire tangible fixedassets | (510,656) | (434,O07l' | ||
| (608,985) | (372,143',) |
|||
| Cashflowsfrom financing activities | ||||
| Loan repaid | (1,425,000) | 0 | ||
| Netincrease in cashandcashequivalents | 9L1.,9r3 | 339,772 | ||
| Cashandcashequivalentsatbeginningofyear | t,640,475 | 1,300,643 | ||
| Cashandcashequivalentsat endofyear | 2,552,328 _1,640,415 | |||
| Reconciliationofnet incometonetcashflow from operating activities | ||||
| 2022 | 2021 | |||
| r | f | |||
| NetMovement inFunds | 496,214 | 409,405 | ||
| Adjustmentsfor: | ||||
| Lessinvestment income | (118,1-49) | (L28,262) | ||
| Addfinancecosts | r37,770 | 63,726 | ||
| Add depreciation anddisposalof tangible fixedassets | 764,807 | 775,3t1 | ||
| AddLosson investmentassets | 1,016,596 | (684,052) | ||
| SubtractPensionprovisionadjustment | (51,400) | (2t,7OO') | ||
| lncrease in stocks | (l_4,066) | 14,592 | ||
| Decrease indebtors | L4,O25 | (102,O87) | ||
| lncrease increditors | 884,894 | 559,945 | ||
| DecreaseinLongTerm Creditors | (r84,794l' | (174,962) | ||
| Netcashprovidedbyoperating activities | 2,945,896 | 7Ll,9L5 | ||
| Analysisofchangesin net debt | ||||
| AsattheLsTJanuary2022 | CashFlow | Asat the 31stDecember2022 | ||
| Cash | f.L,640,4r5 | f911,913 | Ê2,552,328 | |
| Loansfalling duewithinoneyear | (f300,ooo) | f300,000 | f0 | |
| Loansfalling dueaftermore thanoneyear | (€1,125,000) | r1,L25,OOO | f0 |
| DONATION'GIFTSANDLEGACIES | |||
|---|---|---|---|
| Unrestricted | Restricted | 2022 | |
| € | f | f | |
| lndividual Donations | 20,298 | 20,298 | |
| Legacy | 498,308 | 498,308 | |
| GiftAidReclaim OnSubs&Donations | 99,777 | 99,777 | |
| Servicenon-public funds | 131,000 | 1_31,000 | |
| 749,384 | 749,384 |
| Unrestricted | Restricted | 2021. | |
|---|---|---|---|
| f | f | f | |
| lndividual Donations | 24,282 | 24,282 | |
| Legacy | 9,599 | 9,599 | |
| Gift AidReclaim OnSubs&Donations | 86,977 | 86,977 | |
| Servicenon-public funds | 68,832 | 68,832 | |
| 189,691 | 189,691 |
| The UnionJackClubhasonewhollyowned subsidiary,The Unio trading activityof theClub andgiftsitstaxableprofittotheCl shown below: |
nJack Club(Trading) Limited,which ub. Asummaryoftheresultsofthe |
operates the subsidiaryis |
|---|---|---|
| 2022 | 202t | |
| f | € | |
| Turnover | L,510,572 | 757,219 |
| Costofsales | (84s,3291 | 76sl |
| Grossprofit | 665,242 | 320,454 |
| Ad ministrationexpenses | (7,288) | (4,508) |
| Operatingprofit | 657,954 | 3]-5,946 |
| Other income | 8,073 | 3,037 |
| ProfitonOrdinary Activities before taxation | 666,O27 | 3l_8,982 |
| Taxon ProfitonOrdinary Activities | ||
| Retained earningsbroughtforward | 318,982 | 173,722 |
| GiftAid Distribution to TheUnionJackClub | (31"8,982) | (r73,722) |
| Retained earningscarriedforward | 666,027 | 318,982 |
| INVESTMENTINCOME(allunrestricted for currentandpri | oryear) | |
|---|---|---|
| 2022 | 202t | |
| f | f | |
| SharesUKlisted | 55,116 | 71.,597 |
| Property PortfolioUKlisted | 30,082 | 29,O94 |
| SharesOverseaslisted | 30,220 | 27 s00 |
| tts,4t8 | t28,tgt | |
| UKbankdepositinterest | 2,731 | 7L |
| Totalfor theGroup | LLg,L49 | 128,262 |
| INCOM¡NGRESOURCESFROMCHARITABLE ACTIVITIES | f 2022 |
ç. 202L |
|
|---|---|---|---|
| Subscriptions | 645,r42 | 490,876 | |
| Provisionof residentialservices | |||
| Accommodation | 4,867,234 | 2,442,959 | |
| Catering and barsales | 2,335,987 | 1,293,962 | |
| 7 | : | 4,227,796 |
| 2022 | 202t | |||||
|---|---|---|---|---|---|---|
| ç. | f | |||||
| Otherlncome-lnsurance Claim | 3,263 | |||||
| 3,263 | ||||||
| 8 | EXPENDITURE | |||||
| Staff | Total | |||||
| Costs f |
Other € |
Depreciation f |
2022 f |
|||
| a) | EXPENDITUREoNRAISING FUNDS | 2022 | ||||
| Tradingactivities | 852,677 | 852,617 | ||||
| Fundraising andpublicity | 39,477 | 39,4r7 | ||||
| Investmentmanagementfees | 38,545 | 38,545 | ||||
| Finance costs | r37,770 | t37,770 | ||||
| Finance costof pensionliability | 3,600 | 3,600 | ||||
| t,07t,949 | L,O7L,949 | |||||
| EXPENDITUREONCHAR¡TABIE ACTIVITES | ||||||
| Provisionof membership and residentialservices | 4,854,899 | 2,tO2,3rO | 764,372 | 7,721,581 | ||
| Total Operating Expenditure | 3,174,259 | 764,372 | 9,793,530 | |||
| lncluding auditor remunerationoffI2,545 | (202Lf9,485) | |||||
| Staff | Total | |||||
| Costs f |
C Other |
f Depreciation |
202L f |
|||
| b) | EXPENDITURE ON RAISING FUNDS | 202L | ||||
| Trading activities | 44r,273 | 44r,273 | ||||
| Fundraising andpublicity | 29,980 | 29,980 | ||||
| lnvestmentmanagementfees | 46,990 | 46,990 | ||||
| Finance costs | 63,726 | 63,726 | ||||
| Finance costofpensionliability | 2,r00 | 2,700 | ||||
| 584,069 | 584,069 | |||||
| EXPENDITURE ON CHARITABTE ACTIVITES | ||||||
| Provisionof membership and residentialservices | 3,408,268 | 7,330,479 775,371 | 5,514,058 | |||
| Total Operating Expenditure | 3,409,269 | r,914,548 | 775,3t1 | 6,098,127 |
| Provisionof membership and residentialservices includes | supportcostsasfollows | |
|---|---|---|
| 2022 | 202t | |
| f | f | |
| Administration staffcosts | 648,9L2 | 572,22t |
| Legalandother professional | 164,049 | 132,363 |
| 812,960 | 704,584 |
| d) | STAFFCOSTS | 2022 I |
202t f |
|---|---|---|---|
| Wages and salaries | 4,365,838 | 3,048,081 | |
| Pensioncontributions | 102,434 | 92,500 | |
| Employer'sNational lnsurance Contributions | 386,627 | 265,666 | |
| TerminationCosts | 2,OzL | ||
| Clubstaffcosts | 4,854,899 | 3,408,268 | |
| 2022 | 202t | ||
| No. | No. | ||
| Thenumber of employees receiving emoluments of €60,000 | |||
| or morewasasfollows: | |||
| €60,001-f70,000 | 4 | t | |
| f70,00L-f80,000 | 2 | 1 | |
| €80,001-f90,000 f130,001-Ê140,000 |
1 | t | |
| 7 | 3 |
| During2022,theChief ExecutiveOfficer retiredandwas replaced, resulti levelof emolument. |
nginno individualbeing | onthehi |
|---|---|---|
| 2022 | 2021 | |
| The averagemonthlynumber of employees during theyear | No. | No. |
| wasasfollows: | ||
| ManagementandAdministration unionJackclubstaff |
Lt 147 |
8 L2O |
| L58 | 128 |
| Charity | Charity | ||||
|---|---|---|---|---|---|
| 9 | TANGIBLEFIXEDASSETS | Freehold | Furniture, | ||
| landand | Fittings and | ||||
| Group and Charity | Buildings | Equipment | Total | ||
| Cost | ff | f | |||
| AtL January2022 | 6,855,92t | 5,407,597 | 12,263,519 | ||
| Additions | - | 510,656 | 510,656 | ||
| Disposals | - | (4,346) | (4,346) | ||
| Removalof fully depreciatedassets | - | (453,444) | (453,444) | ||
| At31 December2O22 | 6,855,92L | 5,460,464 | 12,316,385 | ||
| Depreciation | |||||
| AttJanuary2022 | 4,79O,tlL | 2,67t,989 | 7,462,100 | ||
| Chargefortheyear | 190,177 | 574,195 | 764,372 | ||
| Disposals | (3,911) | (3,911) | |||
| Removal offullydepreciatedassets | (453,444) | (453,444) | |||
| At31 December2O22 | 4,980,289 | 2,788,828 | 7,769,117 | ||
| NetBookValue | |||||
| At31 December2022 | _1,8r5,633 | 2,67t,636 | 4,547,268 | ||
| At31 December202t | 2,065,910 | 735,609 | 4,80L,4L9 |
| NOTESTO THE FINANCIAL STA FORTHE VEARENDED31 |
TEMENTS(continued) DECEMBER2022 |
||
|---|---|---|---|
| 10 | FIXED ASSETINVESTMENTS | 2022 | 2021. |
| f | f | ||
| Group | |||
| lnvestments atmarketvalue: | |||
| AlL January2022 | 7,L37,527 | 6,652,431 | |
| Additions | 1,293,58t | 1,963,227 | |
| Disposals | (1,L92,641) | (2,062,L83) | |
| Net realisedgain/ | loss )ondisposal Net unrealised investmentgain/(loss) |
(106,750) (909,846) |
|
| 6,221.,871 | 7,L37,527 | ||
| Cashheldbyinvestment manager | L79,398 | 20]-,628 | |
| At 31December2022 | 6,401,269 _!,339,L55 | ||
| lnvestmentscomprise | |||
| UKequitiesandfunds | 3,565,225 | 4,102,7L7 | |
| Overseasequities | 2,656,645 | 3,034,810 | |
| Cashheld | r79,398 | 20L,628 | |
| 6,401.,2697,339,155 | |||
| Historicalcostat31 December 2022 | 5,474,307 | 6,652,43L | |
| Club | |||
| Asabove | 6,40L,269 | 7,339,155 | |
| lnvestmentin subsidiaryundertaking | 2 | 2 | |
| 6,4OL,27L7,339,L57 |
| LTSTOCKS | Charity | Group | ||
|---|---|---|---|---|
| 2022 | 202t | 2022 | 2021 | |
| f | f | f | f | |
| Stocks- Cleaning/FineWines | L7,526 | 23,7L5 | 17,526 | 23,7L5 |
| Shop | 21,737 | 8,027 | ||
| Catering | 12,639 | t5,t2l | t2,639 | t5,tzL |
| Bar | 34,374 | 25,347 | 34,374 | 25,347 |
| 64,539 | 64,!83 | 86,276 | 72,210 |
| 2022 | 202t | 2022 | 202L | |
|---|---|---|---|---|
| f | î. | E | f | |
| Tradedebtors | 26,586 | 18,L75 | 87,652 | 36,417 |
| Amounts owedbysubsidiary | 23,545 | |||
| Other debtors | t,579 | 1,513 | 1,,579 | 1,513 |
| Prepayments and accrued income | 168,561 | 233,887 | 168,s61 | 233,887 |
| 196,726 | 277,r20 | 257,792 | 27t,8t7 |
| 13 | CREDITORS:Amounts falling due | ||||
|---|---|---|---|---|---|
| withinoneyear | Char¡ty | Group | |||
| 2022 | 202L | 2022 | 202L | ||
| f | E | f | E | ||
| Tradecreditors | 178,364 | 160,037 | L92,073 | 20L,t87 | |
| Amountowedtosubsidiary | 1,47,8t0 | ||||
| Other creditors | 35,430 | 6,740 | 65,988 | 6,740 | |
| Other taxand social securitycreditors | 430,100 | 229,292 | 470,332 | 264,401 | |
| Accruals | 378,339 | 309,L51 | 383,582 | 31L,260 | |
| Deferredlncome | 578,018 | 21,508 | 578,018 | 21,508 | |
| BarclaysBusiness Loan-Short Term | 300,000 | 300,000 | |||
| L,748,06t | t,026,728 | 2 | 1,105,096 | ||
| 14 | CREDITORS:Amounts falling due | Charity | Group | ||
| aftermoreoneyear | E 2022 |
2027 f |
f 2022 |
202t f |
|
| Deferredincome | 15,244 | 200,038 | L5,244 | 200,038 | |
| BarclaysBusiness Loan-LongTerm | 1,r.25,000 | i.,125,000 | |||
| !5,244 | 1,325,038 | 15,244 | 1,325,038 |
| Assumþt¡ons | 2022 | 2021 | 2020 |
|---|---|---|---|
| Discountrate | 5.r% | L.7% | 0.9% |
| Pension increases | 3.s% | 3.7% | 3.0% |
| Lifeexpectancyfora65yearoldfemalepensioner | 88.7 | 88.7 | 88.8 |
| Lifeexpectancyfora65yearoldmalepensioner | 86.1 | 86.1 | 86.3 |
| 2022 | 202L | |
|---|---|---|
| r. | f | |
| Grosspensionliability at start ofyear | (220,20O) | (241,900) |
| Pensions paid | 20,700 | 20,700 |
| Chargetofinance income | (3,600) | (2,100) |
| Actuarialgain/(loss)recognisedoutsidetheincomeandexpenditure account | 34,300 | 3,100 |
| Grosspension liabilityatyearend | (168,800) | (220,2OO) |
| Thefollowingamountsareincludedas(charges)/creditsto finance income underFRS102: | ||
|---|---|---|
| lntereston grosspensionliability | (3,600) | (2,100) |
| Actuarialgain/(loss)recognisedoutsidetheincomeandexpenditureaccount | 34,300 | 3,100 |
| lncomeand | FixedAsset | ||||
|---|---|---|---|---|---|
| lnfrastructure | |||||
| Revaluation | Expenditure | Designated | /Legacy | ||
| Reserve | Reserve | Fund | Fund | Total | |
| r. | f | f | f. | f | |
| AtL January2022 | 2,157,946 | 3,827,3r8 | 4,489,4r8 | L,000,000 | LL,474,682 |
| Surplus/(Deficit)for theyear | L,478,stL | t,47g,stL | |||
| NetGainsand transfers | (L,L76,784) | 370,638 | (1-76,150) | (982,296l. | |
| Utilisation of funds | (496,308) | 496,308 | |||
| At31December2022 | 981,L62 | 5,180,159 | 4,3t3,268 | 1,496,308 |
11,9ro,89? |
| a) | 2022 | Income and | lnfrastructure | FixedAsset | ||
|---|---|---|---|---|---|---|
| Revaluation | Expenditure | Legacy | Designated | 2022 | ||
| Reserve | Reserve | Fund | Fund | Total | ||
| f | Í. | f | ç. | f | ||
| Tangible fixedassets | 234,000 | 4,3r3,269 | 4,547,268 | |||
| lnvestments | 747,162 | 4,654,707 | 1,496,308 | 6,897,577 | ||
| Net assets | 710,096 | 710,096 | ||||
| Creditors> One Year | (184,0441 | (184,044) | ||||
| __%I,162_ | s,180,1591,496,308 | 43ß,268 | ___]L,W0,997 | |||
| b) | 202L | |||||
| Income and | External | FixedAsset | ||||
| Revaluation | Expenditure | Repair | Designated | 202L | ||
| Reserve | Reserve | Fund | Fund | Total | ||
| f | f | f | € | f | ||
| Tangiblefixedassets | 3L2,000 | 4,489,4r8 | 4,807,4r9 | |||
| lnvestments | L,845,946 | 4,493,209 | 1,000,000 | 7,339,155 | ||
| Netassets | 879,347 | 879,347 | ||||
| Creditors> One Year | (1.,545,2381 | (1,545,238) | ||||
| 2,157,9463,827,318 | _4,489,419 | 1,1,,474,682 |