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## 

## 

|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<br>lnvestments|9<br>10|4,436,950<br>9,7t7,3O0|4,547,268<br>6,401,27L|4,436,950<br>9,717,298|4,547,268<br>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<br>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<br>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<br>Net increase incashandcashequivalents|||(268,574l,|(1,425,000)<br>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<br>r|Restricted<br>f|2023<br>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<br>trading activityof theClubandgifts its taxableprofittotheClu<br>shown below:|nJackClub (Trading) Limited,which<br>b. Asummaryoftheresultsofthe|operatesthe<br> 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<br>f|Other<br>f|Depreciation<br>Ê|Total<br>f|
|a)|EXPENDITUREON RAISINGFUNDS<br>Trading activities<br>Fundraising andpublicity|2023||L,007,086<br>52,187||1,007,086<br>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<br>f|r.<br>Other|f<br>Depreciation|2022<br>f|
|b)|EXPENDITUREONRAISING FUNDS<br>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)<br>ANALYSISoFSUPPORTCOSTS<br>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<br>r|2022<br>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:<br>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|<br>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|<br>7,6L7,t26|
||Net Book Value<br>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<br>Net realisedgain/(loss)ondisposal|(7t9,L&sl<br>(7,98r)|(1,192,64t1<br>(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<br>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<br>f|2022<br>€|2023<br>î|2022<br>r-|
||Deferred income|-:-:<br>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||<br>(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<br>Revaluat¡on|Designated<br>FixedAsset|Des¡gnated<br>lnfrasÍucture|lncome and<br>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||



## 

## 

##