THE UNION JACK CLUB
Financial health, per its FY2023 accounts
The accounts state that the charity achieved a net income surplus of £2,655,184 for the year ended 31 December 2023, driven by significant legacies and strong residential service income. Per the trustees' report, unrestricted free reserves stood at £5,892,149, which is above the stated policy target of approximately £5.2 million (six months of operating costs). The trustees confirmed the financial statements were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The Union Jack Club (Trading) Limited, a wholly owned subsidiary of the Union Jack Club” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Vice Admiral Sir David George Steel KBE DLchair
- Ben Wylie
- Catherine Coton CBE MA
- Christopher Charles Tite
- DAVID EDWARD PETER ALBERT
- JAMES EDWARD LINTER OBE
- James Stopford CBE
- PETER E DAVIDSON
- RACHEL GARSIDE
- Rear Admiral Steven Dainton
- Richard Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £12.5m | £11.1m |
| 31/12/2023 | £12.6m | £10.4m |
| 31/12/2022 | £10.3m | £8.8m |
| 31/12/2021 | £5.8m | £6.1m |
| 31/12/2020 | £4.5m | £6.2m |
Common questions
Is THE UNION JACK CLUB financially healthy?
The accounts state that the charity achieved a net income surplus of £2,655,184 for the year ended 31 December 2023, driven by significant legacies and strong residential service income. Per the trustees' report, unrestricted free reserves stood at £5,892,149, which is above the stated policy target of approximately £5.2 million (six months of operating costs). The trustees confirmed the financial statements were prepared on a going concern basis with no material uncertainties identified. Its FY2023 accounts were audited by Moore Kingston Smith LLP.