| 2023 | ||||
|---|---|---|---|---|
| Note | Unrestricted | lnfrastructure/Legacy | Total | |
| Fund | Fund | 2023 | ||
| INCOME+ENDOWMENTS | f | f | € | |
| Donat¡ons andlegacies | 3 | 1,433,039 | 1,433,039 | |
| Tradingactivities | 4 | 1_,802,647 | r,802,647 | |
| Otherlncome | 93,963 | 93,963 | ||
| Otherlncome - lnsuranceClaim | 7 | 12,643 | 12,643 | |
| lnvestmentlncome | 5 | 233,249 | 233,249 | |
| 3,575,541 | 3,575,541 | |||
| CharitableActivities | ||||
| Subscriptions | 6 | 694,790 | 694,790 | |
| Provisionofresidentialservices | 6 | 8,301,516 | 8,301,516 | |
| Total Operatinglncome | 12,57L,848 | 72,571,848 | ||
| EXPENDITURE | ||||
| Raising Funds | ||||
| Tradingactivities | 4 | 1,007,086 | L,007,086 | |
| Fundraising andpublicity | I | 52,L87 | 52,L87 | |
| lnvestmentmanagement fees | 8 | 41,t1,6 | 4T,TL6 | |
| Financecosts | 8 | L42,658 | L42,658 | |
| F¡nancecostofpensionliability | 15 | 8,100 | 8,100 | |
| Totãlcostofraisingfunds | 1,,251,L47 | 1,251-,1,47 | ||
| CharitableActivities | ||||
| Provisionofmembership and residential services | 9,153,356 | 9,153,356 | ||
| Total Operating Expenditure | 8 | 10,404,503 | 10,404,503 | |
| NetOperat¡ng lncome/(Expenditure) | 2,767,345 | 2,L67,345 | ||
| Net Gain oninvestmentassets | 10 | 487,838 | 487,838 | |
| Netlncome | 2,655,184 | 2,655,r84 | ||
| Transfer betweenFunds | ||||
| Actuar¡alLossonpensionscheme | 15 | (13,600) | (13,600) | |
| Grosstransfer between funds | 16 | (1,320,39s) | 1,320,395 | |
| Net Movement inFunds | r,32t,189 | L,320,395 | 2,64t,583 | |
| Fund balancesbroughtforward | ||||
| LJanuary2023 | 10,474,589 | 1,496,308 | 1r.,970,898 | |
| Fund balancescarriedforwardat | ||||
| 3L December 2023 | L7al | Lt,795,778 | 2,8L6,703 | L4,612,481, |
| 2022 | |||||
|---|---|---|---|---|---|
| Note | Unrestricted | lnfrastructure/Legacy | Total | ||
| Fund | Fund | 2022 | |||
| INCOME+ENDOIA/MENTS | f | r. | E | ||
| Donations andlegacies | 3 | 749,384 | 749,384 | ||
| Trading act¡vities | 4 | r,5L8,645 | t,5t8,645 | ||
| Otherlncome | 34,236 | 34,236 | |||
| Otherlncome-lnsuranceCla¡m | 7 | 3,263 | 3,263 | ||
| lnvestmentlncome | 5 | TL9,T49 | tt8,t49 | ||
| 2,423,676 | 2,423,676 | ||||
| CharitableActivities | |||||
| Subscr¡ptions | 6 | 645,L42 | 645,r42 | ||
| Provisionofresidentialservices | 6 | 7,203,22t | 7,203,22r | ||
| Total Operating lncome | ro,272,040 | 10,272,040 | |||
| EXPENDITURE | |||||
| RaisingFunds | |||||
| Trad¡ng act¡vities | 4 | 852,6L7 | 852,6t7 | ||
| Fundraising andpublicity | I | 39,417 | 39,4t7 | ||
| lnvestmentmanagementfees | 8 | 38,545 | 38,545 | ||
| F¡nance costs | 8 | t37,770 | L37,770 | ||
| Finance costofpensionliability | 15 | 3,600 | 3,600 | ||
| Totalcostofraisingfunds | L,07L,949 | t,o7r,949 | |||
| CharitableActivities | |||||
| Provis¡onofmembership and residentialserv¡ces | 7,72t,58L | 7,72t,58I | |||
| Total operating Expenditure | 8 | 8,793,s30 | 8,793,530 | ||
| NetOperatinglncome/(Expenditure) | L,478,51O | L,478,st0 | |||
| Netlosson investmentassets | 10 | (1,016,s96) | (1,016,s96) | ||
| Net lncome | 461-,9L4 | 461,9L4 | |||
| Transfer betweenFunds | |||||
| Actuarialgain onpension | scheme | 15 | 34300 | 34,300 | |
| Grosstransferbetweenfunds | t6 | (496,308) | 496,308 | ||
| Net Movement¡nFunds | (s3) | 496,308 | 496,2r5 | ||
| Fund balancesbrought forward | |||||
| IJanuary2022 | I0,474,682 | 1,000,000 | Lr,474,682 | ||
| Fund balancescarried forwardat | |||||
| 31 December 2022 | |||||
| 17bl | Lo,474,s89 | L,496,308 | 71,970,897 |
| Charity | Charity | Group | |||
|---|---|---|---|---|---|
| Notes | 2023 | 2022 | 2023 | 2022 | |
| ff | f | f | |||
| Fixed Assets | |||||
| Tangibleassets lnvestments |
9 10 |
4,436,950 9,7t7,3O0 |
4,547,268 6,401,27L |
4,436,950 9,717,298 |
4,547,268 6,40r,269 |
| L4,L54,250 | 10,948,539 | L4,754,248 | L0,948,537 | ||
| CurrentAssets | |||||
| Stocks | tL | 92,693 | 64,539 | rrt,t60 | 86,276 |
| Debtors | t2 | r,442,6L1 | L96,726 | L,513,227 | 257,792 |
| Cashatbank and inhand | L,816,274 | 2,027.t74 | 2,283,754 | 2,552,328 | |
| 3,351.,578 | 2,288,439 | 3,908,L41 | 2,896,396 | ||
| Liabilities | |||||
| Creditors: Amounts fallingdue withinone year |
L3 | (3,497,3t5) | (r,748,O6t) | (3,258,315) | (r,689,992) |
| Net Current Assets | (145,737l.540,378 | 649,826 | 1,206,404 | ||
| Total AssetslessCurrent Liabilities | t4,oo8,5L3 | t1,488,9r7 | !4,804,074 | 12,754,94L | |
| Creditors: Amounts falling due | |||||
| aftermorethanoneyear: | t4 | (22,5921 | (15,244) | (22,592) | (L5,2441 |
| Discretionarypension provision | 15 | (169,000) | 168.800) | (169,000) | (168,800) |
| NetAssets | T3,8L6,92L | L1,304,873 | 14,612,481 | 1r,970,897 | |
| AccumulatedFunds | |||||
| UnrestrictedFunds: | |||||
| Designated RevaluationReserve | 16 | t,622,680 | 98L,162 | L,622,680 | 987,162 |
| DesignatedFixed AssetReserve | 16 | 4,280,949 | 4,3r3,268 | 4,280,949 | 4,313,268 |
| DesignatedlnfrastructureFund | L6 | 2,8L6,703 | 1,496,308 | 2,8L6,703 | 1,496,308 |
| lncome and ExpenditureReserve | 16 | 5,226,]-25 | 4,514,t35 | 5,892,t49 | 5,190,159 |
| 17a) | L3,876,921 | 1.L,304,873 | 14,612,481 | 11,970,897 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| r. | f | |||
| Cashflow fromoperat¡ngactivities | ||||
| Netcashprovidedbyoperating activities | 151,188 3, |
2,945,996 | ||
| Cashflows frominvesting act¡v¡t¡es | ||||
| lnvestmentincome andinterestreceived | 233,249 | LL8,I49 | ||
| Finance costs | (L42,658) | (L37,770]. | ||
| (Decrease)/lncreaseincashheldbyinvestmentmanager | L35,333 | 22,232 | ||
| Proceedsfromdisposal offixedassetinvestments | 7L9,L85 | L,r92,64L | ||
| Acquisitionof fixedassetinvestments | (3,682,7L0) | (1,293,5811 | ||
| Paymentstoacquire tangible fixedassets | (682.1621 | (51"0,656) | ||
| (3,419,764) | (608,985) | |||
| Cashflows fromfinancingactivities | ||||
| Loanrepaid Net increase incashandcashequivalents |
(268,574l, | (1,425,000) gtL,9L3 |
||
| Cashandcashequivalents at beginningofyear | 2,552,328 | L,640,415 | ||
| Cashandcashequivalents at endofyear | 2,283,754 | 2.552.328 | ||
| Reconciliation ofnet incometonetcashflowfrom | operatingact¡vit¡es | |||
| 2023 | 2022 | |||
| f | f | |||
| Net Movement inFunds | 2,641,585 | 496,2t4 | ||
| Adjustmentsfor: | ||||
| Lessinvestmentincome | (233,249) | (118,L49) | ||
| Add financecosts | t42,658 | 137,770 | ||
| Adddepreciationanddisposal of tangiblefixedassets | 792,480 | 764,807 | ||
| AddLoss/Subtractgainoninvestmentassets | (487,838) | L,016,596 | ||
| Add/SubtractPensionprovisionadjustment | 200 | (51,400) | ||
| lncrease instocks | (24,8841 | (14,066) | ||
| lncrease/Decreasein debtors | (r,255,4361 | t4,025 | ||
| lncrease/decrease in creditors | 1,568,324 | 884,894 | ||
| DecreaseinLongTerm Creditors | 7,348 | (L84,794l' | ||
| Net cashprovidedbyoperating activities | 3,151,1882,945,896 | |||
| Analysisofchangesinnetdebt | ||||
| Asat | the1stJanuary 2023 | CashFlow | Asatthe31st December2023 | |
| Cash | î2,552,328 | (268,574) | f2,283,754 |
| Unrestricted r |
Restricted f |
2023 f |
|
|---|---|---|---|
| lndividualDonations | 25,267 | 25,267 | |
| Legacy | L,327,505 | 1,327,505 | |
| Gift AidReclaim OnSubs&Donations | 80,267 | 80,267 | |
| Servicenon-public funds | |||
| 1,433,039 | 1,433,039 | ||
| Unrestricted | Restricted | 2022 | |
| f | f | g | |
| lndividualDonations | 20,298 | 20,298 | |
| Legacy | 498,308 | 498,308 | |
| Gift AidReclaim OnSubs&Donations | 99,777 | 99,777 | |
| Servicenon-public funds | 131,000 | 131,000 | |
| 749,384 | 749,384 |
| The UnionJackClubhasonewhollyownedsubsidiary, The Unio trading activityof theClubandgifts its taxableprofittotheClu shown below: |
nJackClub (Trading) Limited,which b. Asummaryoftheresultsofthe |
operatesthe subsidiaryis |
|---|---|---|
| 2023 | 2022 | |
| r. | f | |
| Turnover | r,795,054 | L,5L0,572 |
| Costofsales | (999,911) | (845,329) |
| Grossprofit | 795,r43 | 665,242 |
| Ad ministrationexpenses | (7,L7sl | (7,288) |
| Operatingprofit | 787,968 | 6s7,954 |
| Other income | 7,593 | 8,073 |
| Profiton Ordinary Activities beforetaxation | 795,56L | 666,O27 |
| TaxonProfiton Ordinary Activities | ||
| Retained earnings broughtforward | 666,027 | 318,982 |
| Gift AidDistributionto The UnionJackClub | (666,027) | (318,982) |
| Retained earnings carriedforward | 795,561 | 666,027 |
| INVESTMENT INCOME(allunrestrictedforcurrentandpri | oryear) | |
|---|---|---|
| 2023 | 2022 | |
| f | € | |
| SharesUKlisted | 98,221 | 55,116 |
| PropertyPortfolioUKlisted | 34,783 | 30,082 |
| Shares Overseaslisted | 34,796 | 30,220 |
| 167,800 | rr5,478 | |
| UKbank depositinterest | 65,449 | 2,731 |
| Totalfor theGroup | 233,249 | tt8,L49 |
| INCOMlNGRESOURCESFROMCHARITABLE ACTIVITIES(allunrestri | cted for currentandprioryear) | |
|---|---|---|
| 2023 | 2022 | |
| f | € | |
| Subscriptions | 694,790 | 645,742 |
| Provisionof residentialservices: | ||
| Accommodation | s,636,138 | 4,867,234 |
| Catering andbarsales | 2,665,378 | 2,335,987 |
| 8,996,306 | 7,848.363 |
| 2023 | 2022 | |
|---|---|---|
| E | f | |
| Other lncome-lnsuranceClaim | 12,643 | 3,263 |
| 12,643 | 3,263 |
| 8 | EXPËNDITURE | 12,643 | 3,263 | |||
|---|---|---|---|---|---|---|
| 5taff | ||||||
| Costs f |
Other f |
Depreciation Ê |
Total f |
|||
| a) | EXPENDITUREON RAISINGFUNDS Trading activities Fundraising andpublicity |
2023 | L,007,086 52,187 |
1,007,086 52,r87 |
||
| Investmentmanagementfees | 4L,L1"6 | 47,1',J.6 | ||||
| Finance costs | r42,658 | I42,658 | ||||
| FinancecostofpensionliabilitY | 8,100 | 8,L00 | ||||
| r,251,t47 | L,251,1,47 | |||||
| EXPENDITUREONCHARITABLEACTIVITES | ||||||
| Provisionofmembership and residentialservices | 5,527,927 | 2,852,358 773,077 | 9,153,356 | |||
| Total Operating Expenditure | _5,52'B2L | 4,103,s0s | 773,077 | 503 | ||
| lncludingauditorremuneration off14,051 | (2022f.L2,545 | |||||
| Staff | Total | |||||
| Costs f |
r. Other |
f Depreciation |
2022 f |
|||
| b) | EXPENDITUREONRAISING FUNDS Trading activit¡es |
2022 | 852,617 | 852,617 | ||
| Fundraising andpublicitY | 39,417 | 39,417 | ||||
| Investment managementfees | 38,545 | 38,545 | ||||
| Finance costs | 137,770 | 137,770 | ||||
| Financecostofpensionliability | 3,600 | 3,600 | ||||
| L,07L,949 | 1,071,949 | |||||
| EXPENDITUREONCHARITABTEACTIV¡TES | ||||||
| Provisionofmembership and residentialservices | 4,854,899 | 2,702,310 764,372 | 7,721,581 | |||
| Total Operating Expenditure | 4,854,899 | 3,L74,259 | 764,372 | 8,793,s30 |
| EXPENDITURE(Continued) ANALYSISoFSUPPORTCOSTS Provisionofmembership and residentialservicesincludes |
supportcostsasfollows | |
|---|---|---|
| 2023 | 2022 | |
| f | f | |
| Ad ministration staffcosts | 705,597 | 648,9L2 |
| Legalandotherprofessional | 83,596 | 164,049 |
| 789,193 | 812,960 |
| STAFF COSTS | 2023 r |
2022 f |
|---|---|---|
| Wagesandsalaries | 4,97O,826 | 4,365,838 |
| Pensioncontributions | tsL,029 | 702,434 |
| Employer's National lnsurance Contributions | 406,066 | 386,627 |
| Clubstaffcosts | 5,527,921 | 4,854,899 |
| 2023 | 2022 | |
| No. | No | |
| Thenumberofemployees receiving emolumentsof f60,000 | ||
| or more wasasfollows: | ||
| €60,001. -f70,000 | J | 4 |
| f70,00r-€80,000 | 2 | 2 |
| Ê80,00L-f90,000 | L | 1 |
| f130,001-f140,000 | 1 | |
| 7 | 7 | |
| 2023 | 2022 | |
| Theaveragemonthlynumber of employeesduringtheyear | No. | No. |
| wasasfollows: Management andAdministration |
10 | tt |
| UnionJackClubstaff | L62 | 747 |
| 172 | 158 |
| Charity | Charity | ||||
|---|---|---|---|---|---|
| 9 | TANGIBTEFIXED ASSETS | Freehold | Furniture, | ||
| Landand | Fittings and | ||||
| Group and Charity | Buildings | Equipment | Total | ||
| Cost | ff | f | |||
| At1January2023 | 6,855,92t | 5,460,464 | L2,3t6,385 | ||
| Additions | - | 682,L62 | 682,L62 | ||
| Disposals | - | (90,162) | (9O,162) | ||
| Removaloffullydepreciatedassets | - | (854,309) | (854,309) | ||
| At31 December2O23 | 6,855,92! | L55 | 12,054,076 |
||
| Deprec¡at¡on | |||||
| At1January2023 | 4,980,289 | 2,788,828 | 7,769,Lr7 | ||
| Chargefortheyear | L90,440 | 582,637 | 773,077 | ||
| Disposals | (70,759l' | (7O,7s9) | |||
| Removaloffullydepreciatedassets | (854,309) | (8s4,309) | |||
| At31 December 2023 | 5,L70,729 | 396 | 7,6L7,t26 |
||
| Net Book Value At 31 December2O23 |
L92 | 2,751,758 | 4,436850 | ||
| At 31 December2O22 | 7,975,632 | 2,67L,6364,547,268 |
| FORTHE YEARENDED31D | ECEMBER2023 | ||
|---|---|---|---|
| 10 | FIXED ASSET¡NVESTMENTS | 2023 | 2022 |
| Í. | E | ||
| Group | |||
| lnvestmentsatmarket value: | |||
| At1January 2023 | 6,22L,870 | 7,137,527 | |
| Additions | 3,682,7r0 | r,293,587 | |
| Disposals Net realisedgain/(loss)ondisposal |
(7t9,L&sl (7,98r) |
(1,192,64t1 (106,7s0) |
|
| Net unrealised investmentgain/(loss) | 495,8L9 | (909,846) | |
| 9,673,233 | 6,22r,870 | ||
| Cashheldbyinvestmentmanager | 44,065 | 179,398 | |
| At3LDecember 2023 | 9,7L7,298 | 6,40L,268 | |
| lnvestments comprise | |||
| UKequitiesandfunds | 5,610,838 | 3,565,225 | |
| Overseasequities | 4,062,395 | 2,656,645 | |
| Cashheld | 44.065 | !79,398 | |
| 9,7L7,298 | 6,4OL,269 | ||
| Historical cost at 3L December2023 | 7,276,573 | 5,474,307 | |
| Club | |||
| Asabove | 9,717,298 | 6,401,269 | |
| lnvestmentinsubsidiary undertaking | 2 | 2 | |
| 9,7t7,3006,40r,27L |
| LLSTOCKS | Charity | Group | ||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| f | f | f | f | |
| Stocks -Cleaning/Fine Wines | 30,526 | t7,526 | 30,526 | L7,526 |
| Shop | 78,467 | 21,737 | ||
| Catering | 23,384 | L2,639 | 23,384 | L2,639 |
| Bar | 38,783 | 34,374 | 38,783 | 34,374 |
| 92.693 | 64,539 | ttt,160 | 86,276 |
| 2023 | 2022 | 2023 | 2022 | |
|---|---|---|---|---|
| € | r. | e. | c | |
| Trade debtors | 33,322 | 26,586 | 103,938 | 87,652 |
| MembershipDebtors Account | 91L,844 | 91,1,844 | ||
| Other debtors | 4,860 | L,579 | 4,860 | 1,,579 |
| Prepayments and accrued income | 492,585 | 168,561 | 492,585 | 168,561 |
| r,442,6!1, | L96,726 | 1,513,227 | 257,792 |
| r,442,6!1, | L96,726 | 1,513,227 | 257,792 | ||
|---|---|---|---|---|---|
| tg | CREDITORS:Amountsfallingdue withinone year |
Charity | Group | ||
| 2023 | 2022 | 2023 | 2022 | ||
| € | f | f | |||
| Tradecreditors | 488,891 | !78,364 | 555,349 | r92,073 | |
| Amountowedtosubsidiary | 354,528 | 1"47,8!0 | |||
| Othercreditors | t6,187 | 35,430 | L6,t87 | 65,988 | |
| Other tax and social securitycreditors | 667,039 | 430,100 | 671,555 | 470,332 | |
| Accruals | 445,3t0 | 378,339 | 489,865 | 383,s82 | |
| Deferred lncome | 1,525,360 | 578,018 | L,525,360 | 578,018 | |
| 3,497,315 | r,748,061. | 3,258,315 | 1,689,992 | ||
| L4 | CREDITORS:Amountsfallingdue | Charity | Group | ||
| aftermore oneyear | 2023 f |
2022 € |
2023 î |
2022 r- |
|
| Deferred income | -:-: 22,592 |
L5,244 | 22,592 | 1.5,244 | |
| 22,592 | 15,244 | 22,592 | 15,244 |
| AssumDtions | 2023 | 2022 | 202t |
|---|---|---|---|
| Discount rate | 4.4% | 5.r% | L.7% |
| Pensionincreases | 3s% | 3.5% | 3.7% |
| Lifeexpectancyfora 65yearoldfemalepensioner | 88.3 | 88.7 | 88.7 |
| Lifeexpectancyfora 65yearold malepensioner | 85.7 | 86.1 | 86.1 |
| 2023 | 2022 | |
|---|---|---|
| r. | f | |
| Grosspensionliabilityatstartofyear | 168,800 | 220,200 |
| Pensionspaid | (21,500) | (2O,7OO) |
| Chargetofinance income | 8,L00 | 3,600 |
| Actuarial(gain)/lossrecognised outsidetheincome andexpenditureaccount | 13,600 | (34,300) |
| Grosspensionliabilityatyearend | L69,000 | 168,800 |
| Thefollowingamounts are includedas(charges)/creditstofinance income underFRS102: | ||
|---|---|---|
| lnterestongrosspensionliability | 8,100 | 3,600 |
| Actuarial(gain)/lossrecognised outside theincome andexpenditureaccount | 13,600 | (34,300) |
| Designated | Designated | Designated | lncome and | |||
|---|---|---|---|---|---|---|
| Revaluation | FixedAsset | lnfrastructure | Expenditure | |||
| Reserve | Reserve | Fund | Reserve | Total | ||
| f | f | f | î. | e | ||
| At1January 2023 | 98t,162 | 4,3L3,268 | t,496,308 | 5,180,159 | L7,970,897 | |
| Surplus/(Deficit)fortheyear | - | 2,167,346 | 2,767,346 | |||
| NetGains andtransfers | 64L,518 | (32,319) |
- | (134,961) | 474,238 | |
| Utilisation of funds | 1,320,395(1,320,395) | |||||
| At31December2Q23 | L,622,680 | _4,280 _ | _2,8ß,703 | 5,892,L49 | L4,6L2,48L |
| a) | 2023 | Des¡gnated Revaluat¡on |
Designated FixedAsset |
Des¡gnated lnfrasÍucture |
lncome and Expenditure |
2023 | |
|---|---|---|---|---|---|---|---|
| Reserve | Reserve | Fund | Reserve | Total | |||
| f | r. | r. | E | E | |||
| Tangible fixedassets | 1s6,000 | 4,280,949 | 4,436,949 | ||||
| lnvestments | 1,466,680 | 2,8L6,703 | 5,433,915 | 9,717,298 | |||
| Netassets | 649,826 | 649,826 | |||||
| Creditors> | OneYear | (LgL,5921 | (Lgt,s92l | ||||
| r,622,680 | _4,280,949 | 2,816,703 | 5,892,149 | t4,61-2,48r | |||
| b) | 2022 | ||||||
| Designated | Designated | Des¡gnated | lncome and | ||||
| Revaluation | FixedAsset | lnfrastructure | Expenditure | 2022 | |||
| Reserve | Reserve | Fund | Reserve | Total | |||
| f | f | f | ç. | E | |||
| Tangiblefixedassets | 234,000 | 4,3L3,268 | 4,547,268 | ||||
| lnvestments | 747,162 | 1,496,308 | 4,654,t07 | 6,897,577 | |||
| Netassets | 710,096 | 7L0,096 | |||||
| Creditors> | OneYear | $84,044) | (184,044) | ||||
| 5,180,159 |