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Terrace Street, Hyson Green,
Nottingham NG7 6ER
Tel: (0115) 9109955 Fax: (0115) 9109952
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## **ANNUAL REPORT** ## **HYSON GREEN YOUTH CLUB** – 1[st] April 2023 31[st] March 2024 1 ## **1. Chair’s Introduction** Warm welcome to Hyson Green Youth Club’s (HGYC) Annual General Meeting (AGM) for 20232024. This year we have seen good developments for the club as a result of successful funding applications. In September 2023, with the support of VIY we were able to paint the ground floor halls and rooms. They also put a new cupboards and flooring in the kitchenette We were able to deliver an after school club and warm hub from January to March 2024 . This was funded by the Community Matters Fund and attended by children aged 5-11yrs from local families, 3 sessions a week. We also successfully delivered 4 school holiday playschemes – Easter, Summer, October and Christmas school holidays. On average activities were attended daily by 34 children aged 5-11yrs. Funded was from Castle Cavendish HAF. We continued to deliver 2 sessions a week of open access youth club on a Thursday and Friday, for 13 -18 year olds. The youth club was well attended by young people from the local area. Youth activities were funded by Garfield Weston and Phoenix Way Energy costs have remained high. We renewed the electricity contact in September 2023 and the gas contract in April 2024. We have projected a reduction in energy costs in 2024-2025 We said goodbye to 3 sessional staff; Merissa Marquiss our project support worker; Collette Marquis and Porsha Grant our 2 playworkers . We’d like to thank them for their contribution to the club and wish them all the best We have seen an increase in our repairs bill which is over £7k in this financial year. Unfortunately,, Nottingham City Council ended the area based grant funding to the voluntary sector which has impacted on how we meet our costs Bookings of our rooms and halls has increased and we have seen an increase this year in income from room/hall rental Due to lack of progress on the lease negotiations with Nottingham City Council we remain without a lease so are unable to secure any significant funding for capital work on the building We successfully applied for funding to cover the appointment of a Business Development consultant to assist the MC with applying for community asset transfer. We go into the next financial year with 2 year funding from the Million Hour fund to deliver a 5 evenings per week youth club for 13-18 year olds. We will offer young people sports, arts, catering skills, life skills, music etc 3 ## **2. Club’s Vision Vision statement** - To serve and support residents, in particular Black communities and young people, to overcome structural barriers such as racism and poverty, which prevent them from achieving their full potential. ## **Core values** - Welcoming, Safe place, Trust, Dignity. Equality, Connecting people, Innovation, Respect, Community led, Integrity, Holistic, Advocacy and Early intervention, Diversity, Empowerment ## **Purpose** - To support local multicultural communities and residents to access services that will improve their lives – services include employment, entrepreneurship, health and well being, social inclusion, sports, research, cultural expression, Black history, confidence building, learning and development. ## **We will provide:** - A holistic programme of affordable community-based support, training, advocacy, physical activities and mental wellbeing programme for all residents and a safe cultural space for Black and dual heritage communities; building confidence and self-reliance. ## **Our offer will Include:** - Mental and physical wellbeing. - Black history events/ celebrations/cultural identity - A cultural space for Black communities - Confidence building - Social and religious expression for BME communities - Training – entrepreneurship - Employment skills - Sports coaching - Music production - Digital productivity - Robotics - Explore partnership with University and WEA courses. ## **Brand promises - this is who we are** - We treat all people well and with respect. - We provide high quality customer service. - We promote and invest in cultural empowerment. - We are accessible and open when you need us - We are affordable. - We will mix affordable and commercial services in order to be sustainable. 4 The new vision combines a focus on supporting young people, Black and minority ethnic communities in Nottingham and residents living in poverty. The aims and objectives of the Club remains to help and educate young people through leisure time activities……’ as detailed in our Constitution. We also agreed a 5-year development plan ## **3. How we progressed with our immediate goals in 2023-2024** - Renegotiate the club’s license – The MC agreed to look externally for support. The Chair started discussions with Locality in September 2023. Locality contacted NCC asking them to speak with HGYC . However, NCC did not respond. Since then we have secured funds to employ a business development consultant who will assist with this. - Discussion has taken place about starting new income generating schemes to include catering, training etc - Shift the culture in the organization – we have not been able to employ a manager. This makes changing the culture a slow process - We have not made progress on extending the premises licence. Enterntainment events continue to be held at weekends - Unfortunately we have not made progress on developing a social club membership - We have not been able to implement our business ideas. However, the business consultant will asssit the MC to do so ## **We have focused on a few urgent actions to assist the smooth running of the Club, these include :** - Employment of 2 new part time caretakers – Elliot Campbell (March 2023) and Leon Graham(November 2023) - Working within our projected budget and controlling costs - Opened our doors 6 days a week - Applying for funding that includes core costs – we were successful with 4 applications - Worked with staff to ensure supervision on the job and clearer communications - Continued to deliver youth, play and holiday activities - Continued to maintain the health and safety of the building ## **4. Project Development role** This role replaced the Club co-ordinator role and supported the MC to design and deliver projects and activities as follows: - Recruitment and Induction of volunteers - School holiday playschemes - Mothers Day Carvery - Black History month event - Promotion of rooms to hire on Kemet FM - Identifying funding pots - Development and launch of HGYC Crowdfunding project - Work with Blu banana on Identity project - Youth engagement 5 Due to funding coming to an end this post ceased in July 2023. Thank you to Shavanna Nelson for her work in this role. ## **5.Key Activities throughout the year** - ✓ Open 6 days a weeks - ✓ Hire of halls and rooms for events - ✓ Support to tenant and user groups - ✓ Weekend bookings 45 weeks per year - ✓ Delivery of school holiday playschemes -5-17yr olds -Easter, Summer and October - ✓ Delivery of 3 sessions a week after school - ✓ Delivery of Youth open access sessions – 13-17yr olds - ✓ Black history month event - ✓ Mother’s Day Carvery - ✓ Planning of a 5 day week new Youth Club to commence June 2024 - ✓ Engagement with young people about youth activities they would like ## **6. Operations Management – 1[st] April 2023- 31st March 2024** The Club has managed operations as follows. Building supervision – Mark Wright , Elliot Campbell and Leon Graham (Employees) Health and Safety management (Trustees) Health and safety day to day monitoring (Building staff) Staff supervision - (Trustees) Financial management (Trustees) Events management (Staff and Trustees) Funding applications (Trustees) HR and Recruitment (Trustees) Partnerships (Trustees) ## **7. The Management Committee** The committee met bi- monthly. Members are: - Chair/Acting Treasurer – Maxine Davis - Vice Chair - Christine Ricketts - Secretary - Jennifer Stretton - Trustee – Katrina Betani - Trustee – Abdoulie Jah - Trustee – Mike McLeod - Trustee - Jacqueline Williams ## **8. Funding** ## **We were successful in the following funding awards:** - Castle Cavendish -HAF – Summer. October and Xmas holiday clubs - Phoenix Way – Project development, children ,youth activities and core funding - • Severn Trent - Core funding - Million Hour Fund – youth programme and core funding 6 - National Grid – After school club - New Art Exchange – After school club ## **9. Employment and Volunteers** Staff employed throughout the year: - Mark Wright, Elliot Campbell and Leon Graham (part time) - Project officer – Merissa Marquis - After school club – Colet Marquiss and Porsha Grant - 3 x Youth workers and a Playworker provided by AKA sport. The Club is grateful to the staff for their co-operation, understanding and willingness to be flexible. ## **10. Governance and Club Development** The Board has met regularly and managed the affairs of the organisation. Charitable Incorporated Organisation (CIO) **–** there has not been any progress. Lease – We tried to restart discussions with City Council but we did not get any response from them . Nottingham City Council has faced significant financial problems and they have not resumed discussions with us. ## **11. Repairs and Maintenance** - Toilet -plumbing - Kitchen equipment - Electrical work - Other plumbing - Kitchen deep cleaning - Repair squash court roof ## **12. Child Protection/Child Protection** Safeguarding is a standard item on the MC committee agenda. There have been no safeguarding issues throughout the year ## **13. Tenants and User Groups** The following groups regularly use our facilities: - Nottingham Law Centre (EUSS project) - Green Corner Connect - Darfur Association Nottingham - Jollof Flavours - Autism Support - Hoop Dreams Basketball - DTD Boxing Academy - Sudanese Society of Nottingham 7 - Stone Soup Academy - Framework Housing - DoWrite Talk - Freedom Foundation - Yoroba of Nottingham - Cameroon Community Nottingham - Sudanese Society Nottingham - Ghana Union - ShiftingYour Mindset - Cookie Club - Catch 22 - GOCC - Dominion City church - Evangelical church ## **14. Membership** No developments ## **15. User group members’ meetings** Meetings have taken place with groups individually ## **16. Premises Hire and Premise Licence** Premises Licence is in place. ## **17. Policy development and Review** Policies are due for review in 2024. ## **18. Finances** We have ended the year with a balance of £43,555 in our general fund ## **19. Trustee Payments** No trustees were paid in 2023-2024 ## **20. Annual General Meeting** Will take place on Monday 27[th] January 2025, 7.00pm, at the Club premises. ## **21. Thank You** The committee would like to take this opportunity to say a big “thank you” to both the HGYC staff and volunteers. Also, to our partners, local councillors and NDOs. We also thank Castle Cavendish for ongoing funding support. Maxine Davis (Chair) - On Behalf of the Board of Trustees – January 2025 8 HYSON GREEN YOUTH CLUB Unaudited Financial Ststements for the year ended 31 st March 2024 Registered Charity No: 1007675 HYSON GREEN YOUTH CLUB INDEX TO THE FINANCIAL sTATEME￿s Charity Legal and Administrative Infomation Report of the Trustees 2&3 Report of the Independent Examlners Statement of Financial Adivities including Income and Expenditure A¢¢ount 5t07 Balance Sheet Notes to the Financial Statements 9t015 HYSON GREEN YOUTH CLUB CHARifY LEGAL AND ADMINISTrATIVE INFORMATION AS AT 31ST MAR H 2024 TRUSTEES AND MANAGEMENT COMMIThEE'. Maxine Davies Chair Christine Ricketts IC8 Chair Jennifer Stretton Secretary Katrlna B81ani Abdoulie Jah Michael McLeod Jackie Williams PRINCIPAL OFFICE: Terrace Street Hyson Greèn Nottingham NG7 6ER REGISTERED NUMBER: 1007675 INDEPENDANT EXAMINERS: Atkinson Evans Limited Chartered Certified Accountants Registered Auditors The Old Drill Hall 10 Amot Hill Road Amold Nottingham NG5 6LJ BANKERS: Nat West Bank PIC Valley Road Basford Nottingham NG51FL Page 1 HYSON GREEN YOUTH CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The Twstees present their report with the financial ststements of the charity for the period ended 31 st March 2024. The financial statements have been prepared using the accounting policies set out on page 9 and comply with the charity's Gonstilution. the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charftles preparing thelr Accounts In accordance wilh the Financial Reporting Standard Applicable in the UK and Republic of Ireland published 16 July 2014. STRUCTURE GOVERNANCE AND MANAGEME The Hyson Green Youth Club is constituted under a document adopted 20th June 1991 and Is a registsred charity number 1007675. The charity Is controlled by this goveming document, a deed of trust. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT The aim of the club is to help and educate young people through their leisure time activitie8 to develop their physlcal, mentsl and spiritual capacities 60 that they may grow to full maturity as Indlviduals and members of society and that their conditions of Ilfe may be improved, The programmes carried out by the charity can be broadly categorised as follows: Trainlng and Development Sports and Development Youth and Community Work Work is carrled out by th8 charity through joint programmes funded by various fundSng agencies. We believe that this helps utilise local knowtèdge effectSvely and assists in our educational work. In all cases, the work Is monltored directly by our ovm Managemont Committee to ensure that the programme is delivered In accordance ￿￿th our own standards and to maximise the value to the beneficiary groups. During the year. numerous programmes were dellvered in partnership with local organisations. The charity is located withln th8 inn8r city of Nottingham. We work closely with communlty groups to ensure a c￿ordinated efftirt in the areas in vthi¢h we operate and to influence longer-tem strategies to relieve poverty in d8velopment areas of the inner Cities. In addition, the Gharity raises funds through a ne￿rk of charitsble events, a.g. the training c8ntre, special fundraising events. and the social and community activilies. FINANCIAL RESULTS Infomiation regarding the financial results of the charity for the year ended 31st March 202418 contaln8d on pages 5 to 15. INVESTMENT POLICY The Trustees have the power to invest In such assets as they see fit. RISK MANAGEMENT The Trustees actively ￿VIeW tha major rfsks which the charity faces on a regular basis through monthly Management Committee meetings. Systems have b8en Implemented to mitigate these risks and these systems are reviewed annually. VOLUNTARY HELP AND GIFTS IN KIND The Trustees are very grateful to the many volunteers who helped by stsffing our catering facilities, tralning, youth and community events and sporting activitl8s durfng the year. ORGANISATION The TNstees in office during the year and up to the date of this report are Sot out on page 1. The Trustees are appointed by the Management Cornmiltse annually. The charity is controlled by a Management Committee. elected annually by the club members. All propety and assets of the charity is v8Sted In the Trustees. Paga 2 HYSON GREEN YOUTH CLUB REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Report of the Trustees and financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdon Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011. Charity (Accounts and R8POrts) Regulations and the provisions of the trust deed require the Trustees to prepare financlal statements for ea¢h financial year which give a true and fair view of the state of affalrs of the charity and of the Incomlng resources and application of resources. including the income and expendlture, of th8 charity for that period. In p￿paring those financial statements. the Trustees are requir8d to: select sultable accountlng polici8s and then apply them ¢onsistently- observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to material departures that must be disclosed and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity w511 continue in business. The Trustees are responsible for keeping prop8r accounting records which disclose with reasonable accuracy at any time the finan￿al posiiion of the charity and to enable them to ensure that the financial ststements comply with the Charities Act 2011, the Charity (Accounts and Reports} Regulations and the provisions of the charities constitution. They are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and Integrity of the charrty and financial infomation included on the charity's website In accordance with legislation in the United Kingdom governing the preparation and dissemination of flnancial ststements. CHAIR Maxine Davis Dated: 13th January 2025 Page 3 HYSON GREEN YOUTH CLUB REPORT OF THE INDEPENDE￿ EXAMINERS TO THE TRUSTEES OF HYSON GREEN YOUTH CLUB I report on the Accounts for the year end8d 31* March 2024 set out on pages 5 to 15. Respectlve Responsibilltles of Trustees and Examlner The charity's Trustees are responsible for the preparation of the Accounts. The charity's Trustees conslder that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the 2011 Act)) and that an independent examinatlon is required. 11 is my responsibility to examine the Accounts under Section 145 of the 2011 Act" to followthe procedures laid down in the General Directions given by the Charity Cornmission (under Section 145(5Xb) of the 2011 Acl)" and to state whether particular matters have come to my attention. 80818 of the Indepgndent Examiner's Report My examination was Garried out in a¢¢ordan¢e with General Directions gtven by th8 Charity Commission. An examination includes a review of the accounting records kept by th& charfty and a comparison of the Accounts pr8S8nted with those records. It also includes Consideration of any unusual items or disclosures In the Accounts, and seekSng explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whethar the Accounts present a 'true and fairf view and the r8POrt is limited to those matters set out in the statement below. Independent Examlnerfs Statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: the accounting records were not kept in accordance with section 130 of the Chariti85 AGt; or the Accounts did not accord wth the accounting records,. or the Accounts did not comply with the applicable requirements conceming the form and content of Accounts set oui in the Charities {AGcounts and Reports) Regulations 2008 other than any requirernent that the Accounts give a Irue and falr, view which is not a rnatter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention Should be dr8wn in thls report In order to enable a proper understsnding of the Accounts to be reached. Dated: 13th January 2025 Atkinson Evans Limited Chartered Certified Accountants The Old Drfll Hall 10 Amot Hlll Road Amold Nottingham NG5 6LJ Page 4 HYSON GREEN YOUTH CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE AC FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Funds 3110312024 Restricted Funds 3110312024 Totsl Funds 3110312024 Totsl Funds 3110312023 INCOMING RESOURCES Notes Incomin Resources from Funds Generated Hall and Room Hire 62,780 62.780 57,717 1.865 Rantal of Youth Club Spac8 NCC- Local Bu$n8ss Support Grants Youth Club Income, Fundraising, Donations: Fundraising and Donations Bank and Building Society Interest 439 439 707 1,205 1,205 512 64,424 64,424 60,801 Incomin Resources from Ch8ritablg A A￿8 Based Grant 3,750 19,600 10,000 20,000 3.750 19,600 10,000 20,000 7.000 Sevem Trent HAF Playscheme Phoenix Funds 3,000 Prevention and Promotion Fund 10,000 Black Lives Matter Fund 400 400 Million Hour Fund 28,001 28,001 Community Vaccine Champions Grant Communlty Matters Fund Gartleld Weston Foundation 2.300 10,000 30.000 10.000 10,000 TOTAL INCOMING RESOUR ES 64.424 £ 91,751 £ 156.175 £ 123,101 Pag8 5 HYSON GREEN YOUTH CLUB STATEME￿ OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Funds 3110312024 Restri¢ted Funds 3110312024 Total Funds 3110312024 Total Funds 3110312023 RESOURCES EXPENDED Charitsble Expenditure Costs of activities in furtherance of the objectives of the charity.. Youth Activities and Equipment Wages and Employers National Insurance 7.291 20,534 26.644 26.309 33,935 46,843 43.520 64,506 27.825 52.953 80,778 108,026 Costs of generating funds: Premises Costs Heat and Llght Repairs and Renewals Depreciation of Fixed Assets Cleaning, Sanitation and Refuse Rent. Rates and Water 23.699 7.776 7,675 31,475 8,629 31,569 12,773 6.995 2,797 6,995 2,797 5,689 1,122 34,445 15,451 49,896 51,153 carried forward 62.270 68.404 130.674 159,179 Page 6 HYSON GREEN YOUTH CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Funds 110312024 Restrided Funds 3110312024 Total Funds 3110312024 Total Funds 3110312023 Notes brought forward 62,270 68,404 130,674 159,179 rt Costs Printing. Stationery, Postage and Computer Expenses Telephone Insurance 450 450 298 917 917 827 5.421 5,421 5.121 Mana ement and Administration A¢¢ounlan¢y and Payroll 2.293 2,293 2.186 Totsl Resources Expended 71.351 £ 68,404 £ 139.755 £ 167,611 Net Incoming l {Outgoingl Resources Net Income l (Expenditure) Transfers Be￿n Funds (6,927) 1,963 23,347 1,963 16,420 (44,510) Net Movement in Funds (8,890) 25,310 16,420 (44,510) RECONCILIATION OF FUNDS Total Funds brought forward 52.445 51.141 103,586 148,096 Total Funds caThied forwa £ 43.555 £ 76.451 £ 120.006 £ 103.586 Page 7 HYSON GREEN YOUTH CLUB BALANCE SHEET AS AT 31ST MARCH 2024 FIXED ASSETS Notes 3110312024 3110312 TANGIBLE ASSETS Buildings on Leasehold Land 545,000 545.000 CURRENT A ET Trade Debtors 7,380 1.138 96.395 35.936 1,985 255 Prepayments and Accrued Income Nat West Bonus Saver A¢¢ount 106.999 16.450 Bank Current A¢¢ount 140.849 125.689 CREDITORS amounts fallin 8 Withln one ear Trade Croditors PAYE and Natlonal Insurance Net Wages Workpla¢o Pension Scheme Attachment of Eamings Accruals and Deferred Income 10,126 1,282 15.924 946 219 249 4,485 193 1.284 7.958 20,843 22,103 NET CURRENT ASSETS 120.006 103,586 TOTAL ASSETS LESS CURRENT LIABILITIES £ 665.006 £ 648,586 NDS Fair Value Reserve Restricted Funds Unrestricted Funds 545,000 76,451 43,555 545.000 51.141 52,445 Total Funds £ 665,006 £ 648,586 Approved on behalf of the Board of Trustees CHAIR: Maxine Davis Dated.. 13th January 2025 Pag8 8 HYSON GREEN YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 1. ACCOUNTING POLICIES Accountln Convenllon The financial statements have been prepared under the historical cost convention with items re¢ognised at cost or transa¢tion value unless Othe￿iSe stated in the relevant note(s) to these Accounts. The financial ststements have been prepared in accordance with the Statement of Recommended Practica: Accounting and Reporting by Charities preparing their Accounts in accordance the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in tho United Kingdom and Republic of I￿land IFRS 102) and the Charities Act2011. The club constitues a public benefit entty as defined by FRS 102. The Trustees have prepared the Accounts on the going concem basis. See note g in r81ation to going concem. Income Reco ition Income is recognis8d in the period in which the charity is entitled to receipt and th8 atnount can be measured wth reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Where income is restricted to a specific purpDS8 it is rgcognised in the accounting period in which the expenditure for the specified projeGt is in¢urr8d. nditure Reco nition Liabilities are recognised as expenditure as soon as there is a legal or constructive obllgatlon committing Ihe chaiity to that expenditure, it is probable that settlement wlll be required and the amount of the obligation can be measured reliably. All expendllure Is accounted for on an accruals basis. All expenses Induding support costs and govemance costs are allocated or apportloned to the applicable expenditure heading. Irrecoverable VAT The dub is exempt from VAT registration, therefore all VAT Is irrecoverable VAT and is chargad against the expenditure headi￿7 for which it Was incurred. Charltable Activites Costs of charitsble actlvities consist of the direct cosls of activities, equipment and labour cost in the club providing services to the users of the Club. Costs of Generatin Funds The costs of generating funds consist of the direct premises costs to be able to seNice the users of the club. Allocation of Su rt and Govemance Costs Support costs have been allocated be￿n governance costs (titled management and 8dminstration) and other support costs. Govemance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. Thesg ¢08ts include costs related to statutory audit and legal fees tog8th8r wth an apportionment of overhead and support costs. Tan ible Fixed A s8ts All assets costing in excess of £1.000 are capitallsed. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Buildings on Leasehold Land Oiher Fixed Assets not provided 100% on cost in year of pur¢hase Page 9 HYSON GREEN YOLrfH CLUB NOTES TO THE FINANCIAL STATEMEMtS CONTINUED FOR THE YEAR ENDED 31 ST MARCH 2024 1. ACCOUNTING POLICIES CONTINUED Realised in and Losses All gains and losses are tsken to the Statement of Flnancial Activities as thay arlse. Realised gains and losses on inve*ments are calculated as the difference be￿an sales proceeds and their opening ¢arrying value or their purchase value if acquired subsequent to the first day of the ffinanclal year. Unrealised gains and losses are ¢al¢ulated as the dlfference be￿een the frdir value at the year end and their Garrying value. Realised and unrealised investment gains and losses are combined in the ststement of Finan¢ial Adivities. tocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Fund Accountin Funds held by the charity are: Unrestricted General Funds these are funds which can be used in accordance with the charitsble objects at the discretion of the Trustees. these are funds that can only be used for particular r8stricted purposes within the objects of th8 charity. Restriotions arise when speclfied by the donor. Restricted Funds 2. EMPLOYEES AND STAFF COSTS 3110312024 The average number of full-time equivalent employ88s (including casual and parttime Staffj during the yearwas made up as follows.. Youth Management and Administration Th8 Cost of employing those staff was: Wages, Salaries and Redundancy Payments Employers Natlonal Insurance 46,843 64,506 46,843 64.506 No employee received remun8ration of more than £50,000. 3. TRUSTEES REMUNERATION No trustees V￿re remunerated. Page 10 HYSON GREEN YOUTH CLUB NOTES TQ THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 ST MARCH 2024 4. TANGIBLE FIXED ASSETS 3110312024 311031202 a) Buildln on Lea ehold Land T8rrace Street H on Green Nottin ham Valuation £ 545.000 £ 545,000 The building is owned by the charity but stands on land leased from Nottingham City Council. The lease commenced on 24th June 1984 for a 35 year lern. The property was revalued on 31st December 1999 by M8ssrs Mitchell Dodd, Chartered Surveyors. The basis of valuation was depreciated replacement cost. Th8 historical cost of the building, less accumulated depreciation, is £Nil. Due to the restricted right to th8 land, the open market value of the building is uncertain. b) Fumiture Fixtu￿$ and E ui ment 3110312024 3110312023 Cost Additions 95,389 95.389 95.389 95.389 Depreciation brought fO￿ard Depreciation for the year 95,389 95,389 95,389 95,389 Per Balanc8 Sheet uter E ment 3110312024 3110312023 Cost Additions Disposals 52.798 52.798 52.798 52,798 Depreciation brought forward Depreciation Eliminated on Disposals Depreciation for the year 52,798 52,798 52.798 52.798 Per Balance Sheet 5. FAIR VALUE RESERVE 3110312024 3110312023 Arising on r8valuation of charity building on 31 st December 1999. Balance al 31st March 2023 Movement during the year 545,000 545,000 Balance at 31 st March 2024 £ 545.000 £ 545,000 Page 11 HYSON REEN YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 6. INDEPENDENT EXAMINERS PROVISION OF OTHER SERVICES In common with m8ny other businesses of our size and nature. we use our Independent Examiners to p￿pare and submlt retums to the tax authorities, provide tax advice. represent us. as necessary. at tsx tribunals and assist with the preparation of the financial ststements. 7. UNRESTRICTED FUNDS Note 3110312024 Balance at 31st March 2023 52.445 Youth: Income from Operating Activities Costs of Activities 439 7.825 (27,386) Non-object Specific.. Income from Operating Activities Other Income 62.780 1.205 63,985 Premlses Costs Support Costs Management and Administration (34,445) {6,788) 2,293 Fund Movement Before Transfers 45,518 Transfer from Restricted Funds 1,963 Balance at 31st March 2024 £ 43.555 Page 12 HYSON GREEN YO TH CLUB NOTES TO THE FINANCIAL sTATEmE￿s Co￿riNuED FOR THE YEAR ENDED 31ST MARCH 2024 8. RESTRICTED FUNDS Analysls of the source and application of restricted funds during the year is as follows: Area Based Grant Sevem Trent Subtotsl CIF Note Birkin Patch Balance at 31st March 2023 34.526 34,526 Grant Receivable During the Year Youth." Activities and Equlpment Wagas and National Insurance Premises costs.. Rent. Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanltation and Refvse Telephona Insuran 3,750 19.600 23,350 (3.750) (3,750) (7,675) (7.675) Fund Balance Transfer from General Fund 26,851 19,600 46.451 Balance at 31st March 2024 26,851 19.600 46,451 Subtotal BIF Garfield Weston Phoenlx Funds Subtotsl CIF Note Balan￿ at 31st Ma￿h 2023 34,526 13.764 48,290 Grant Receivable During the Year Youth.. Activities and EquSpm8nt Wages and National Insurance Premises costs.. Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insuran¢e 23,350 20,000 43.350 (3,726) {10,038) {4.479) (12,521) {8,205) (26,309) {3.750) {3.000) (3.000) (7,675) (7.675) Fund Balance Transfèr from General Fund 46,451 46,451 Balance at 31 st March 2024 46,451 46.451 Page 13 HYSON GREEN YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 ST MARCH 2024 8. RE TRICTED FUNDS CONTINUED HAF Playscheme Fund Subtotal BIF Community Matters Fund Subtotal Note Balanca at 31 st March 2023 48.290 1,333 49,623 Grant Receivable During the Year Youth." Activities and Equipment Wages and National InsuranGe Premises costs.. Rent. Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insuran 43.350 10,000 10.000 63.350 18,205) (26,309) (8,216) {9.823) (26,244) (26,309) {3.000} {7,6751 (2,636) (2,140) (7,776) (7,675) Fund Balance Transfer from General Fund 46,451 (1,963) 1,963 44,969 1.963 Balance at 31st March 2024 46,451 481 46,932 Youth Endowment Fund Subtotal BIF Million Hour Fund Subtotal CIF Balance at 31st March 2023 49,623 1.518 51,141 Grant Receivable During the Year Youth." Activities and Equipment Wages and National Insurance Premises cosls.. Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance 63.350 28,001 91,351 {26,244) {26.309) {26,244) {26,309) (7,778) (7,675) (7.776} (7.675} Fund Balance Transferfrom Gengral Fund 44,969 1,963 1,518 28.001 74.488 1,963 Balance at 31st March 2024 46,932 1,518 28.001 76.451 Page 14 HYSON GREEN YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST MAR H 2024 8. RESTRICTED FUNDS CONTINUED Black Bla¢k Lives Matter Fund Subtotal BIF Total CIF Note Balance at 31st March 2023 51,141 51,141 Grant Re￿1vable During the Year Youth.. Activities and Equipment Wages and National Insur8n Premises costs.. Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning. Sanitation and Refuse Telephone Insurance 91.351 400 91.751 (26.244) (26,309) (400) (26,644} (26,309) (7,776) (7,675) (7.776) (7.675} Fund Balance Transfer from General Fund 74.488 1.963 74,488 1,963 Balance at 31 st March 2024 76.451 76,451 9. GOING CONCERN In detemiining the appropriate basis of preparation of the financial statements for the year ended 31 st March 2024. the Committee are required to consider whether the club can continue in operational existen￿ for the forseeable future. The Committee has concluded that it is appropriate to adopt the Going Concem basis. having undertaken a rigorous assessment of the financial I')recasts, wSth specific conslderation to the Income and expenditure position of the dub in the wnlext of the current economic climate in the UK. partlcularly but not Ilmlted to energy costs. At 31 st March 2024 the club's unrestrlcted funds were In surplus by £43,555 (2023 £52,445). The club has made a loss on its unrestrict8d funds for the financial year ending 31st March 2024 of £8.89012023'. £15.341). The Trustees are satisfied that th8 plans in place by th8 club would continue to rninimise future unrestricted fund losses. and wll continue to keep the unrestricted fund balance in surplus for the forseeable future. The Trustees have a reasonable expectation that the club will be able to continue in operation and m88t its Ilabllities as they fall due. Page 15 HYSON GREEN YOUTH CLUB Unaudited Financial Ststements for the year ended 31 st March 2024 Registered Charity No: 1007675 HYSON GREEN YOUTH CLUB INDEX TO THE FINANCIAL sTATEME￿s Charity Legal and Administrative Infomation Report of the Trustees 2&3 Report of the Independent Examlners Statement of Financial Adivities including Income and Expenditure A¢¢ount 5t07 Balance Sheet Notes to the Financial Statements 9t015 HYSON GREEN YOUTH CLUB CHARifY LEGAL AND ADMINISTrATIVE INFORMATION AS AT 31ST MAR H 2024 TRUSTEES AND MANAGEMENT COMMIThEE'. Maxine Davies Chair Christine Ricketts IC8 Chair Jennifer Stretton Secretary Katrlna B81ani Abdoulie Jah Michael McLeod Jackie Williams PRINCIPAL OFFICE: Terrace Street Hyson Greèn Nottingham NG7 6ER REGISTERED NUMBER: 1007675 INDEPENDANT EXAMINERS: Atkinson Evans Limited Chartered Certified Accountants Registered Auditors The Old Drill Hall 10 Amot Hill Road Amold Nottingham NG5 6LJ BANKERS: Nat West Bank PIC Valley Road Basford Nottingham NG51FL Page 1 HYSON GREEN YOUTH CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The Twstees present their report with the financial ststements of the charity for the period ended 31 st March 2024. The financial statements have been prepared using the accounting policies set out on page 9 and comply with the charity's Gonstilution. the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charftles preparing thelr Accounts In accordance wilh the Financial Reporting Standard Applicable in the UK and Republic of Ireland published 16 July 2014. STRUCTURE GOVERNANCE AND MANAGEME The Hyson Green Youth Club is constituted under a document adopted 20th June 1991 and Is a registsred charity number 1007675. The charity Is controlled by this goveming document, a deed of trust. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT The aim of the club is to help and educate young people through their leisure time activitie8 to develop their physlcal, mentsl and spiritual capacities 60 that they may grow to full maturity as Indlviduals and members of society and that their conditions of Ilfe may be improved, The programmes carried out by the charity can be broadly categorised as follows: Trainlng and Development Sports and Development Youth and Community Work Work is carrled out by th8 charity through joint programmes funded by various fundSng agencies. We believe that this helps utilise local knowtèdge effectSvely and assists in our educational work. In all cases, the work Is monltored directly by our ovm Managemont Committee to ensure that the programme is delivered In accordance ￿￿th our own standards and to maximise the value to the beneficiary groups. During the year. numerous programmes were dellvered in partnership with local organisations. The charity is located withln th8 inn8r city of Nottingham. We work closely with communlty groups to ensure a c￿ordinated efftirt in the areas in vthi¢h we operate and to influence longer-tem strategies to relieve poverty in d8velopment areas of the inner Cities. In addition, the Gharity raises funds through a ne￿rk of charitsble events, a.g. the training c8ntre, special fundraising events. and the social and community activilies. FINANCIAL RESULTS Infomiation regarding the financial results of the charity for the year ended 31st March 202418 contaln8d on pages 5 to 15. INVESTMENT POLICY The Trustees have the power to invest In such assets as they see fit. RISK MANAGEMENT The Trustees actively ￿VIeW tha major rfsks which the charity faces on a regular basis through monthly Management Committee meetings. Systems have b8en Implemented to mitigate these risks and these systems are reviewed annually. VOLUNTARY HELP AND GIFTS IN KIND The Trustees are very grateful to the many volunteers who helped by stsffing our catering facilities, tralning, youth and community events and sporting activitl8s durfng the year. ORGANISATION The TNstees in office during the year and up to the date of this report are Sot out on page 1. The Trustees are appointed by the Management Cornmiltse annually. The charity is controlled by a Management Committee. elected annually by the club members. All propety and assets of the charity is v8Sted In the Trustees. Paga 2 HYSON GREEN YOUTH CLUB REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Report of the Trustees and financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdon Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011. Charity (Accounts and R8POrts) Regulations and the provisions of the trust deed require the Trustees to prepare financlal statements for ea¢h financial year which give a true and fair view of the state of affalrs of the charity and of the Incomlng resources and application of resources. including the income and expendlture, of th8 charity for that period. In p￿paring those financial statements. the Trustees are requir8d to: select sultable accountlng polici8s and then apply them ¢onsistently- observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to material departures that must be disclosed and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity w511 continue in business. The Trustees are responsible for keeping prop8r accounting records which disclose with reasonable accuracy at any time the finan￿al posiiion of the charity and to enable them to ensure that the financial ststements comply with the Charities Act 2011, the Charity (Accounts and Reports} Regulations and the provisions of the charities constitution. They are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and Integrity of the charrty and financial infomation included on the charity's website In accordance with legislation in the United Kingdom governing the preparation and dissemination of flnancial ststements. CHAIR Maxine Davis Dated: 13th January 2025 Page 3 HYSON GREEN YOUTH CLUB REPORT OF THE INDEPENDE￿ EXAMINERS TO THE TRUSTEES OF HYSON GREEN YOUTH CLUB I report on the Accounts for the year end8d 31* March 2024 set out on pages 5 to 15. Respectlve Responsibilltles of Trustees and Examlner The charity's Trustees are responsible for the preparation of the Accounts. The charity's Trustees conslder that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the 2011 Act)) and that an independent examinatlon is required. 11 is my responsibility to examine the Accounts under Section 145 of the 2011 Act" to followthe procedures laid down in the General Directions given by the Charity Cornmission (under Section 145(5Xb) of the 2011 Acl)" and to state whether particular matters have come to my attention. 80818 of the Indepgndent Examiner's Report My examination was Garried out in a¢¢ordan¢e with General Directions gtven by th8 Charity Commission. An examination includes a review of the accounting records kept by th& charfty and a comparison of the Accounts pr8S8nted with those records. It also includes Consideration of any unusual items or disclosures In the Accounts, and seekSng explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whethar the Accounts present a 'true and fairf view and the r8POrt is limited to those matters set out in the statement below. Independent Examlnerfs Statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: the accounting records were not kept in accordance with section 130 of the Chariti85 AGt; or the Accounts did not accord wth the accounting records,. or the Accounts did not comply with the applicable requirements conceming the form and content of Accounts set oui in the Charities {AGcounts and Reports) Regulations 2008 other than any requirernent that the Accounts give a Irue and falr, view which is not a rnatter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention Should be dr8wn in thls report In order to enable a proper understsnding of the Accounts to be reached. Dated: 13th January 2025 Atkinson Evans Limited Chartered Certified Accountants The Old Drfll Hall 10 Amot Hlll Road Amold Nottingham NG5 6LJ Page 4 HYSON GREEN YOUTH CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE AC FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Funds 3110312024 Restricted Funds 3110312024 Totsl Funds 3110312024 Totsl Funds 3110312023 INCOMING RESOURCES Notes Incomin Resources from Funds Generated Hall and Room Hire 62,780 62.780 57,717 1.865 Rantal of Youth Club Spac8 NCC- Local Bu$n8ss Support Grants Youth Club Income, Fundraising, Donations: Fundraising and Donations Bank and Building Society Interest 439 439 707 1,205 1,205 512 64,424 64,424 60,801 Incomin Resources from Ch8ritablg A A￿8 Based Grant 3,750 19,600 10,000 20,000 3.750 19,600 10,000 20,000 7.000 Sevem Trent HAF Playscheme Phoenix Funds 3,000 Prevention and Promotion Fund 10,000 Black Lives Matter Fund 400 400 Million Hour Fund 28,001 28,001 Community Vaccine Champions Grant Communlty Matters Fund Gartleld Weston Foundation 2.300 10,000 30.000 10.000 10,000 TOTAL INCOMING RESOUR ES 64.424 £ 91,751 £ 156.175 £ 123,101 Pag8 5 HYSON GREEN YOUTH CLUB STATEME￿ OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Funds 3110312024 Restri¢ted Funds 3110312024 Total Funds 3110312024 Total Funds 3110312023 RESOURCES EXPENDED Charitsble Expenditure Costs of activities in furtherance of the objectives of the charity.. Youth Activities and Equipment Wages and Employers National Insurance 7.291 20,534 26.644 26.309 33,935 46,843 43.520 64,506 27.825 52.953 80,778 108,026 Costs of generating funds: Premises Costs Heat and Llght Repairs and Renewals Depreciation of Fixed Assets Cleaning, Sanitation and Refuse Rent. Rates and Water 23.699 7.776 7,675 31,475 8,629 31,569 12,773 6.995 2,797 6,995 2,797 5,689 1,122 34,445 15,451 49,896 51,153 carried forward 62.270 68.404 130.674 159,179 Page 6 HYSON GREEN YOUTH CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Funds 110312024 Restrided Funds 3110312024 Total Funds 3110312024 Total Funds 3110312023 Notes brought forward 62,270 68,404 130,674 159,179 rt Costs Printing. Stationery, Postage and Computer Expenses Telephone Insurance 450 450 298 917 917 827 5.421 5,421 5.121 Mana ement and Administration A¢¢ounlan¢y and Payroll 2.293 2,293 2.186 Totsl Resources Expended 71.351 £ 68,404 £ 139.755 £ 167,611 Net Incoming l {Outgoingl Resources Net Income l (Expenditure) Transfers Be￿n Funds (6,927) 1,963 23,347 1,963 16,420 (44,510) Net Movement in Funds (8,890) 25,310 16,420 (44,510) RECONCILIATION OF FUNDS Total Funds brought forward 52.445 51.141 103,586 148,096 Total Funds caThied forwa £ 43.555 £ 76.451 £ 120.006 £ 103.586 Page 7 HYSON GREEN YOUTH CLUB BALANCE SHEET AS AT 31ST MARCH 2024 FIXED ASSETS Notes 3110312024 3110312 TANGIBLE ASSETS Buildings on Leasehold Land 545,000 545.000 CURRENT A ET Trade Debtors 7,380 1.138 96.395 35.936 1,985 255 Prepayments and Accrued Income Nat West Bonus Saver A¢¢ount 106.999 16.450 Bank Current A¢¢ount 140.849 125.689 CREDITORS amounts fallin 8 Withln one ear Trade Croditors PAYE and Natlonal Insurance Net Wages Workpla¢o Pension Scheme Attachment of Eamings Accruals and Deferred Income 10,126 1,282 15.924 946 219 249 4,485 193 1.284 7.958 20,843 22,103 NET CURRENT ASSETS 120.006 103,586 TOTAL ASSETS LESS CURRENT LIABILITIES £ 665.006 £ 648,586 NDS Fair Value Reserve Restricted Funds Unrestricted Funds 545,000 76,451 43,555 545.000 51.141 52,445 Total Funds £ 665,006 £ 648,586 Approved on behalf of the Board of Trustees CHAIR: Maxine Davis Dated.. 13th January 2025 Pag8 8 HYSON GREEN YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 1. ACCOUNTING POLICIES Accountln Convenllon The financial statements have been prepared under the historical cost convention with items re¢ognised at cost or transa¢tion value unless Othe￿iSe stated in the relevant note(s) to these Accounts. The financial ststements have been prepared in accordance with the Statement of Recommended Practica: Accounting and Reporting by Charities preparing their Accounts in accordance the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in tho United Kingdom and Republic of I￿land IFRS 102) and the Charities Act2011. The club constitues a public benefit entty as defined by FRS 102. The Trustees have prepared the Accounts on the going concem basis. See note g in r81ation to going concem. Income Reco ition Income is recognis8d in the period in which the charity is entitled to receipt and th8 atnount can be measured wth reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Where income is restricted to a specific purpDS8 it is rgcognised in the accounting period in which the expenditure for the specified projeGt is in¢urr8d. nditure Reco nition Liabilities are recognised as expenditure as soon as there is a legal or constructive obllgatlon committing Ihe chaiity to that expenditure, it is probable that settlement wlll be required and the amount of the obligation can be measured reliably. All expendllure Is accounted for on an accruals basis. All expenses Induding support costs and govemance costs are allocated or apportloned to the applicable expenditure heading. Irrecoverable VAT The dub is exempt from VAT registration, therefore all VAT Is irrecoverable VAT and is chargad against the expenditure headi￿7 for which it Was incurred. Charltable Activites Costs of charitsble actlvities consist of the direct cosls of activities, equipment and labour cost in the club providing services to the users of the Club. Costs of Generatin Funds The costs of generating funds consist of the direct premises costs to be able to seNice the users of the club. Allocation of Su rt and Govemance Costs Support costs have been allocated be￿n governance costs (titled management and 8dminstration) and other support costs. Govemance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. Thesg ¢08ts include costs related to statutory audit and legal fees tog8th8r wth an apportionment of overhead and support costs. Tan ible Fixed A s8ts All assets costing in excess of £1.000 are capitallsed. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Buildings on Leasehold Land Oiher Fixed Assets not provided 100% on cost in year of pur¢hase Page 9 HYSON GREEN YOLrfH CLUB NOTES TO THE FINANCIAL STATEMEMtS CONTINUED FOR THE YEAR ENDED 31 ST MARCH 2024 1. ACCOUNTING POLICIES CONTINUED Realised in and Losses All gains and losses are tsken to the Statement of Flnancial Activities as thay arlse. Realised gains and losses on inve*ments are calculated as the difference be￿an sales proceeds and their opening ¢arrying value or their purchase value if acquired subsequent to the first day of the ffinanclal year. Unrealised gains and losses are ¢al¢ulated as the dlfference be￿een the frdir value at the year end and their Garrying value. Realised and unrealised investment gains and losses are combined in the ststement of Finan¢ial Adivities. tocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Fund Accountin Funds held by the charity are: Unrestricted General Funds these are funds which can be used in accordance with the charitsble objects at the discretion of the Trustees. these are funds that can only be used for particular r8stricted purposes within the objects of th8 charity. Restriotions arise when speclfied by the donor. Restricted Funds 2. EMPLOYEES AND STAFF COSTS 3110312024 The average number of full-time equivalent employ88s (including casual and parttime Staffj during the yearwas made up as follows.. Youth Management and Administration Th8 Cost of employing those staff was: Wages, Salaries and Redundancy Payments Employers Natlonal Insurance 46,843 64,506 46,843 64.506 No employee received remun8ration of more than £50,000. 3. TRUSTEES REMUNERATION No trustees V￿re remunerated. Page 10 HYSON GREEN YOUTH CLUB NOTES TQ THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 ST MARCH 2024 4. TANGIBLE FIXED ASSETS 3110312024 311031202 a) Buildln on Lea ehold Land T8rrace Street H on Green Nottin ham Valuation £ 545.000 £ 545,000 The building is owned by the charity but stands on land leased from Nottingham City Council. The lease commenced on 24th June 1984 for a 35 year lern. The property was revalued on 31st December 1999 by M8ssrs Mitchell Dodd, Chartered Surveyors. The basis of valuation was depreciated replacement cost. Th8 historical cost of the building, less accumulated depreciation, is £Nil. Due to the restricted right to th8 land, the open market value of the building is uncertain. b) Fumiture Fixtu￿$ and E ui ment 3110312024 3110312023 Cost Additions 95,389 95.389 95.389 95.389 Depreciation brought fO￿ard Depreciation for the year 95,389 95,389 95,389 95,389 Per Balanc8 Sheet uter E ment 3110312024 3110312023 Cost Additions Disposals 52.798 52.798 52.798 52,798 Depreciation brought forward Depreciation Eliminated on Disposals Depreciation for the year 52,798 52,798 52.798 52.798 Per Balance Sheet 5. FAIR VALUE RESERVE 3110312024 3110312023 Arising on r8valuation of charity building on 31 st December 1999. Balance al 31st March 2023 Movement during the year 545,000 545,000 Balance at 31 st March 2024 £ 545.000 £ 545,000 Page 11 HYSON REEN YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 6. INDEPENDENT EXAMINERS PROVISION OF OTHER SERVICES In common with m8ny other businesses of our size and nature. we use our Independent Examiners to p￿pare and submlt retums to the tax authorities, provide tax advice. represent us. as necessary. at tsx tribunals and assist with the preparation of the financial ststements. 7. UNRESTRICTED FUNDS Note 3110312024 Balance at 31st March 2023 52.445 Youth: Income from Operating Activities Costs of Activities 439 7.825 (27,386) Non-object Specific.. Income from Operating Activities Other Income 62.780 1.205 63,985 Premlses Costs Support Costs Management and Administration (34,445) {6,788) 2,293 Fund Movement Before Transfers 45,518 Transfer from Restricted Funds 1,963 Balance at 31st March 2024 £ 43.555 Page 12 HYSON GREEN YO TH CLUB NOTES TO THE FINANCIAL sTATEmE￿s Co￿riNuED FOR THE YEAR ENDED 31ST MARCH 2024 8. RESTRICTED FUNDS Analysls of the source and application of restricted funds during the year is as follows: Area Based Grant Sevem Trent Subtotsl CIF Note Birkin Patch Balance at 31st March 2023 34.526 34,526 Grant Receivable During the Year Youth." Activities and Equlpment Wagas and National Insurance Premises costs.. Rent. Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanltation and Refvse Telephona Insuran 3,750 19.600 23,350 (3.750) (3,750) (7,675) (7.675) Fund Balance Transfer from General Fund 26,851 19,600 46.451 Balance at 31st March 2024 26,851 19.600 46,451 Subtotal BIF Garfield Weston Phoenlx Funds Subtotsl CIF Note Balan￿ at 31st Ma￿h 2023 34,526 13.764 48,290 Grant Receivable During the Year Youth.. Activities and EquSpm8nt Wages and National Insurance Premises costs.. Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insuran¢e 23,350 20,000 43.350 (3,726) {10,038) {4.479) (12,521) {8,205) (26,309) {3.750) {3.000) (3.000) (7,675) (7.675) Fund Balance Transfèr from General Fund 46,451 46,451 Balance at 31 st March 2024 46,451 46.451 Page 13 HYSON GREEN YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 ST MARCH 2024 8. RE TRICTED FUNDS CONTINUED HAF Playscheme Fund Subtotal BIF Community Matters Fund Subtotal Note Balanca at 31 st March 2023 48.290 1,333 49,623 Grant Receivable During the Year Youth." Activities and Equipment Wages and National InsuranGe Premises costs.. Rent. Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insuran 43.350 10,000 10.000 63.350 18,205) (26,309) (8,216) {9.823) (26,244) (26,309) {3.000} {7,6751 (2,636) (2,140) (7,776) (7,675) Fund Balance Transfer from General Fund 46,451 (1,963) 1,963 44,969 1.963 Balance at 31st March 2024 46,451 481 46,932 Youth Endowment Fund Subtotal BIF Million Hour Fund Subtotal CIF Balance at 31st March 2023 49,623 1.518 51,141 Grant Receivable During the Year Youth." Activities and Equipment Wages and National Insurance Premises cosls.. Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance 63.350 28,001 91,351 {26,244) {26.309) {26,244) {26,309) (7,778) (7,675) (7.776} (7.675} Fund Balance Transferfrom Gengral Fund 44,969 1,963 1,518 28.001 74.488 1,963 Balance at 31st March 2024 46,932 1,518 28.001 76.451 Page 14 HYSON GREEN YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST MAR H 2024 8. RESTRICTED FUNDS CONTINUED Black Bla¢k Lives Matter Fund Subtotal BIF Total CIF Note Balance at 31st March 2023 51,141 51,141 Grant Re￿1vable During the Year Youth.. Activities and Equipment Wages and National Insur8n Premises costs.. Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning. Sanitation and Refuse Telephone Insurance 91.351 400 91.751 (26.244) (26,309) (400) (26,644} (26,309) (7,776) (7,675) (7.776) (7.675} Fund Balance Transfer from General Fund 74.488 1.963 74,488 1,963 Balance at 31 st March 2024 76.451 76,451 9. GOING CONCERN In detemiining the appropriate basis of preparation of the financial statements for the year ended 31 st March 2024. the Committee are required to consider whether the club can continue in operational existen￿ for the forseeable future. The Committee has concluded that it is appropriate to adopt the Going Concem basis. having undertaken a rigorous assessment of the financial I')recasts, wSth specific conslderation to the Income and expenditure position of the dub in the wnlext of the current economic climate in the UK. partlcularly but not Ilmlted to energy costs. At 31 st March 2024 the club's unrestrlcted funds were In surplus by £43,555 (2023 £52,445). The club has made a loss on its unrestrict8d funds for the financial year ending 31st March 2024 of £8.89012023'. £15.341). The Trustees are satisfied that th8 plans in place by th8 club would continue to rninimise future unrestricted fund losses. and wll continue to keep the unrestricted fund balance in surplus for the forseeable future. The Trustees have a reasonable expectation that the club will be able to continue in operation and m88t its Ilabllities as they fall due. Page 15