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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 2024 31[st] March 2025
1
1. Chair’s Introduction
Warm welcome to Hyson Green Youth Club’s (HGYC) Annual General Meeting (AGM) for 20242025. Please see below a summary of highlights during the year.
FRESH Youth programme
FRESH stands for Food, Relationships, Education, Sport and Health – our new youth programme aims to incorporate these key aspects in a welcoming, safe and supportive environment
We successfully developed and delivered 25hrs per week, 5 evening per week pf sports, social club, cooking, sports, dance and personal development targeting 13–17-year-olds. We also supported 18-25year olds. The programme was launched in June 2024.
Outputs
From September 2024 to February 2025, we delivered 503 hours of youth activities, supported 186 new attendees and recorded 1112 attendees across all session. 5 young adults have worked as volunteers in the youth sessions
Asset of Community Value
Our application to Nottingham City Council to be registered as an Asset of Community Value (ACV) is in draft form and we intend to submit the application by June 2025
– Space hive Crowdfunding
In May 2024 we successfully launched a crowdfunding project to raise funds to repair our toilets and replace the old squash court roof. We only had 5 months to achieve the target and draw down matched funding. Unfortunately, we were unable to achieve the target figure within the deadline
In October 2024, we ran a successful fundraising food stall for 10 days during Goose fair. We sold Caribbean food and drinks. We were supported by a number of volunteers
– Staffing due to financial constraints throughout the year we employed only care taking staff
Playschemes
We also successfully delivered 4 school holiday playschemes – Easter, Summer, October and Christmas school holidays. On average activities were attended daily by 40 children aged 5-11yrs. Funded was from Castle Cavendish HAF.
Peoples’ Assembly
On 6[th] March 2025, the centre hosted a People’s Assembly which brought together a diverse range of local people to discuss issues impacting upon communities living in Hyson Green. Over 150 people attended are.
Marcus Garvey Centre campaign and Save Our services campaign – we have supported both campaigns
Energy prices
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We have seen a significant reduction in energy prices linked to a fall in national prices. We have taken advantage of this by entering contracts with the lowest tariffs . Prices remain higher than pre-Covid tariffs.
Funding – unfortunately we were unable to attract significant core costs funding in this year. Which has contributed to a significant reduction in our capital funds reserves
Lease renewal - There has been no further progress on the lease. This is a priority for the coming year
Serious incident – Unfortunately, we have had some concerns about the conduct of one of our trustees and will report this to the Charity Commission. We have brought this to the attention of the trustee and are addressing the issues raised
Rental payments – we will be reviewing our payment process to improve occupiers paying invoices on time
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 wellbeing, 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 :
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Mental and physical wellbeing.
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Black history events/ celebrations/cultural identity
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A cultural space for Black communities • Confidence building
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Social and religious expression for BME communities
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Training – entrepreneurship
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Employment skills
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Sports coaching
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Music production
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Digital productivity
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Robotics • Explore partnership with University and WEA courses.
Brand promises - this is who we are
- We treat all people well and with respect.
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We provide high quality customer service.
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We promote and invest in cultural empowerment.
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We are accessible and open when you need us
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We are affordable.
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We will mix affordable and commercial services to be sustainable.
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 remain to help and educate young people through leisure time activities……’ as detailed in our Constitution.
3. Key Activities throughout the year
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✓ Open 6 days a week
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✓ Hire of halls and rooms for events
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✓ Support to occupiers and user groups
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✓ Weekend bookings 45 weeks per year
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✓ Delivery of school holiday playschemes -5-17yr olds -Easter, Summer and October
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✓ Delivery of new youth sessions – 13-17yr olds
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✓ Mother’s Day Carvery
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✓ Partnership talks with New Art Exchange
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✓ Discussions with other community centres
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✓ Peoples Assembly event 6[th] March 2025
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✓ Supported the Marcus Garvey Centre campaign
4. Operations Management
The Club has managed operations as follows. Caretaking Building supervision – Mark Wright and Leon Graham (Employees) Youth programme co-ordination – Jerome Barracks (Contract) 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)
5. The Management Committee
The committee met quarterly.
Members are:
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Chair/Acting Treasurer – Maxine Davis
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Vice Chair - Christine Ricketts
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Secretary - Jennifer Stretton
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Trustee – Katrina Betani
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Trustee – Abdoulie Jah
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Trustee – Mike McLeod
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Trustee - Jacqueline Williams
5
6. Funding
We were successful in the following funding awards:
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Castle Cavendish -HAF – Summer. October and Xmas holiday clubs
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Million Hour Fund (2[nd] payment released) – youth programme and core funding
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Hedley Foundation – youth activities
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New Arts Exchange – After school club
8b. Unsuccessful Funding applications
Sport England Movement Fund – September 2024 – repairs to squash court roof
9. Employment and Volunteers Staff employed throughout the year
- The Club is greatful to the staff for their co-operation, understanding and willingness to be flexible.
10. Governance and Club Development
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The Board has met regularly and managed the affairs of the organisation.
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Charitable Incorporated Organisation (CIO) – there has not been any progress.
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Lease – We have met with other organisations who are having difficulty agreeing a lease renewal, we have not been able to access significant capital funding because we do not have a lease in place with more than 3years remaining
11. Repairs and Maintenance
- Consistent repairs to the building throughout the year. Replacement of boiler in March 2025 which has depleted our capital reserves
12. Child Protection/Safeguarding
- Child Safeguarding is a standing item on the MC committee agenda. There have been no safeguarding issues throughout the year
13. User Groups
The following groups regularly use our facilities:
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Nottingham Law Centre (EUSS project)
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Darfur Association Nottingham
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Hoop Dreams Basketball
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DCT Boxing Academy
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Sudanese Society of Nottingham
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Stone Soup Academy
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Do Write Talk
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Yoruba of Nottingham
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Cameroon Community Nottingham
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Ghana Union
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Royal Ladies
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Shifting Your Mindset
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Cookie Club
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GOCC
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Christ Apostolic church
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Evangelical church
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5 Fellowship church
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Christ Centre Evangelical church
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Football factory
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Nottingham Community Transport
14. Membership
- We will be reaching out to our members to support the ACV application
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
- The Management Committee reviewed all policies at it’s meeting in April 2024. Our Safeguarding policy is now reviewed annually
18. Finances
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We are pleased to report that overall, how finances have remained in the red. However, more work needs to be done to increase unrestricted income so we can employ more staff. We foresee increasing costs of maintaining the building and are addressing this with urgency. It is to be noted that In March 2025 we replaced the boiler at a cost of circa £18,000.
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Rent arrears – we are experiencing some issues with rent arrears. We are discussing this with each group individually. All groups are reminded that they must pay their rent and may lose access to the building if they are persistently late or refuse to pay
We have ended the year with a balance of £47,236 in our general fund – an increase of over £3000. Unfortunately our capital fund has decreased significantly
19. Trustee Payments
Payment totalling £9845 were made to M Davis for Bid writing fees. A trustee agreement is in place with an agreed process for paying a trustee
20. Planned goals for 2024-2025
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Extend the Youth programme
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Explore a new education offer
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Introduxe a social club
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Improve internal communications & use technology to help with this
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Increase services and partnership working
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implement business ideas that will increase income to £150-£200,000
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Begin formal discussions with the City Council regarding the lease
21. Urgent actions agreed
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Launch strategy to obtain the lease
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Agree projected budget for 2024-2025
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Manage the club spend and remain open.
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Apply for funding that includes core costs.
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Implement staff restructuring.
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Increase income through increasing hourly room rental rates and tenancy rental rates
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• Improve the physical building.
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Identify capital Investment.
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Continue to deliver youth, play and holiday activities.
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Annual General Meeting - Will take place on Monday 26th January 2026, 7.00pm, via ZOOM.
23. 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 2026
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HYSON GREEN YOUTH CLUB
Unaudited Financial Statements for the year ended 31st March 2025
Registered Charity No: 1007675
HYSON GREEN YOUTH CLUB
INDEX TO THE FINANCIAL STATEMENTS
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Page
Charity Legal and Administrative Information 1
Report of the Trustees 2 & 3
Report of the Independent Examiners 4
Statement of Financial Activities including Income and Expenditure Account 5 to 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15
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HYSON GREEN YOUTH CLUB
CHARITY LEGAL AND ADMINISTRATIVE INFORMATION
AS AT 31ST MARCH 2025
| TRUSTEES AND | ||
|---|---|---|
| MANAGEMENT COMMITTEE: | Maxine Davies | Chair |
| Christine Ricketts | Vice Chair | |
| Jennifer Stretton | Secretary | |
| Katrina Betani | ||
| Abdoulie Jah | ||
| Michael McLeod | ||
| Jackie Williams | ||
| PRINCIPAL OFFICE: | Terrace Street | |
| Hyson Green | ||
| Nottingham | ||
| NG7 6ER | ||
| REGISTERED NUMBER: | 1007675 | |
| INDEPENDANT EXAMINERS: | Atkinson Evans Limited | |
| Chartered Certified Accountants | ||
| Registered Auditors | ||
| The Old Drill Hall | ||
| 10 Arnot Hill Road | ||
| Arnold | ||
| Nottingham | ||
| NG5 6LJ | ||
| BANKERS: | Nat West Bank Plc | |
| Valley Road | ||
| Basford | ||
| Nottingham | ||
| NG5 1FL |
Page 1
HYSON GREEN YOUTH CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
The Trustees present their report with the financial statements of the charity for the period ended 31st March 2025. The financial statements have been prepared using the accounting policies set out on page 9 and comply with the charity's constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their Accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland published 16 July 2014.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Hyson Green Youth Club is constituted under a document adopted 20th June 1991 and is a registered charity number 1007675. The charity is controlled by this governing 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 activities to develop their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved. The programmes carried out by the charity can be broadly categorised as follows:
Training and Development Sports and Development
Youth and Community Work
Work is carried out by the charity through joint programmes funded by various funding agencies. We believe that this helps utilise local knowledge effectively and assists in our educational work. In all cases, the work is monitored directly by our own Management Committee to ensure that the programme is delivered in accordance with our own standards and to maximise the value to the beneficiary groups. During the year, numerous programmes were delivered in partnership with local organisations.
The charity is located within the inner city of Nottingham. We work closely with community groups to ensure a co-ordinated effort in the areas in which we operate and to influence longer-term strategies to relieve poverty in development areas of the inner cities. In addition, the charity raises funds through a network of charitable events, e.g. the training centre, special fundraising events, and the social and community activities.
FINANCIAL RESULTS
Information regarding the financial results of the charity for the year ended 31st March 2025 is contained 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 review the major risks which the charity faces on a regular basis through monthly Management Committee meetings. Systems have been 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 staffing our catering facilities, training, youth and community events and sporting activities during the year.
ORGANISATION
The Trustees in office during the year and up to the date of this report are set out on page 1. The Trustees are appointed by the Management Committee annually.
The charity is controlled by a Management Committee, elected annually by the club members.
All property and assets of the charity is vested in the Trustees.
Page 2
HYSON GREEN YOUTH CLUB
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the Report of the Trustees and financial statements 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 Reports) Regulations and the provisions of the trust deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to material departures that must be disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
CHAIR ………………………………………………… Maxine Davis
25/01/2026 Dated: …...........................................................
Page 3
HYSON GREEN YOUTH CLUB
REPORT OF THE INDEPENDENT EXAMINERS TO THE TRUSTEES OF
HYSON GREEN YOUTH CLUB
I report on the Accounts for the year ended 31st March 2025 set out on pages 5 to 15.
Respective Responsibilities of Trustees and Examiner
The charity's Trustees are responsible for the preparation of the Accounts. The charity's Trustees consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to :
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examine the Accounts under Section 145 of the 2011 Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the Independent Examiner's Report
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking 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 whether the Accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner's 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:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the Accounts did not accord with the accounting records; or
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the Accounts did not comply with the applicable requirements concerning the form and content of Accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the Accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the Accounts to be reached.
30/01/2026 Dated: …...................................
Atkinson Evans Limited Chartered Certified Accountants The Old Drill Hall 10 Arnot Hill Road Arnold Nottingham NG5 6LJ
Page 4
HYSON GREEN YOUTH CLUB
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2025
| INCOMING RESOURCES Incoming Resources from Funds Generated Hall and Room Hire Rental of Youth Club Space NCC - Local Busness Support Grants Youth Club Income, Fundraising, Donations: Fundraising and Donations Bank and Building Society Interest Incoming Resources from Charitable Activities Area Based Grant Severn Trent Playschemes Phoenix Funds Black Lives Matter Fund Million Hour Fund Community Matters Fund Hedley Foundation NAE Afterschool club TOTAL INCOMING RESOURCES |
Notes | Unrestricted Funds 31/03/2025 67,925 - - 9,183 1,285 78,393 - - - - - - - - - 78,393 £ |
Restricted Funds 31/03/2025 - - - - - - 4,050 - 12,000 - - 28,001 - 3,000 3,000 50,051 £ |
Total Funds 31/03/2025 67,925 - - 9,183 1,285 78,393 4,050 - 12,000 - - 28,001 - 3,000 3,000 128,444 £ |
Total Funds 31/03/2024 62,780 - - 439 1,205 64,424 3,750 19,600 10,000 20,000 400 28,001 10,000 - - 156,175 £ |
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Page 5
HYSON GREEN YOUTH CLUB
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT (CONTINUED)
FOR THE YEAR ENDED 31ST MARCH 2025
| RESOURCES EXPENDED Charitable Expenditure Costs of activities in furtherance of the objectives of the charity: Youth - Activities and Equipment - Wages and Employers National Insurance Costs of generating funds: Premises Costs - Heat and Light - Repairs and Renewals - Depreciation of Fixed Assets - Cleaning, Sanitation and Refuse - Rent, Rates and Water carried forward |
Notes | Unrestricted Funds 31/03/2025 14,708 26,006 40,714 8,972 4,742 - 8,492 2,771 24,977 65,691 |
Restricted Funds 31/03/2025 70,393 17,988 88,381 8,600 26,851 - - - 35,451 123,832 |
Total Funds 31/03/2025 85,101 43,994 129,095 17,572 31,593 - 8,492 2,771 60,428 189,523 |
Total Funds 31/03/2024 33,935 46,843 80,778 31,475 8,629 - 6,995 2,797 49,896 130,674 |
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|---|---|---|---|---|---|---|---|---|---|
Page 6
HYSON GREEN YOUTH CLUB
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT (CONTINUED)
FOR THE YEAR ENDED 31ST MARCH 2025
| brought forward Support Costs - Printing, Stationery, Postage and Computer Expenses - Telephone - Insurance Management and Administration - Accountancy and Payroll Total Resources Expended Net Incoming / (Outgoing) Resources - Net Income / (Expenditure) Transfers Between Funds Net Movement in Funds RECONCILIATION OF FUNDS Total Funds brought forward Total Funds carried forward |
Notes | Unrestricted Funds 31/03/2025 65,691 456 1,375 5,488 2,854 75,864 £ 2,529 1,152 3,681 43,555 £ 47,236 |
Restricted Funds 31/03/2025 123,832 - - - - 123,832 £ (73,781) (1,152) (74,933) 76,451 £ 1,518 |
Total Funds 31/03/2025 189,523 456 1,375 5,488 2,854 199,696 £ (71,252) - (71,252) 120,006 £ 48,754 |
Total Funds 31/03/2024 130,674 450 917 5,421 2,293 139,755 £ 16,420 - 16,420 103,586 £ 120,006 |
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Page 7
HYSON GREEN YOUTH CLUB
BALANCE SHEET AS AT 31ST MARCH 2025
| FIXED ASSETS | Notes | 31/03/2025 | 31/03/2025 | 31/03/2024 | 31/03/2024 |
|---|---|---|---|---|---|
| TANGIBLE ASSETS | |||||
| Buildings on Leasehold Land | 4 | 545,000 | 545,000 | ||
| CURRENT ASSETS | |||||
| Trade Debtors | 8,503 | 7,380 | |||
| Prepayments and Accrued Income | 1,128 | 1,138 | |||
| Nat West Bonus Saver Account | 46,466 | 96,395 | |||
| PAYE and National Insurance | 1,692 | - | |||
| Bank Current Account | 9,116 | 35,936 | |||
| 66,905 | 140,849 | ||||
| CREDITORS, amounts falling due within one year | |||||
| Trade Creditors | 10,543 | 10,126 | |||
| PAYE and National Insurance | - | 1,282 | |||
| Workplace Pension Scheme | 106 | 193 | |||
| Attachment of Earnings | 1,284 | 1,284 | |||
| Accruals and Deferred Income | 6,218 | 7,958 | |||
| 18,151 | 20,843 | ||||
| NET CURRENT ASSETS | 48,754 | 120,006 | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 593,754 £ |
665,006 £ |
|||
| FUNDS | |||||
| Fair Value Reserve | 5 | 545,000 | 545,000 | ||
| Restricted Funds | 8 | 1,518 | 76,451 | ||
| Unrestricted Funds | 7 | 47,236 | 43,555 | ||
| Total Funds | 593,754 £ |
665,006 £ |
Approved on behalf of the Board of Trustees
CHAIR: ……………………………………………… 25/01/2026 Dated: …........................................................
Maxine Davis
Page 8
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these Accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their Accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The club constitues a public benefit entity as defined by FRS 102.
The Trustees have prepared the Accounts on the going concern basis. See note 9 in relation to going concern.
Income Recognition
Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with 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 purpose it is recognised in the accounting period in which the expenditure for the specified project is incurred.
Expenditure Recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure heading.
Irrecoverable VAT
The club is exempt from VAT registration, therefore all VAT is irrecoverable VAT and is charged against the expenditure heading for which it was incurred.
Charitable Activites
Costs of charitable activities consist of the direct costs of activities, equipment and labour cost in the club providing services to the users of the club.
Costs of Generating Funds
The costs of generating funds consist of the direct premises costs to be able to service the users of the club.
Allocation of Support and Governance Costs
Support costs have been allocated between governance costs (titled management and adminstration) and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs.
Tangible Fixed Assets
All assets costing in excess of £1,000 are capitalised. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
- Buildings on Leasehold Land not provided Other Fixed Assets - 100% on cost in year of purchase
Page 9
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES (CONTINUED)
Realised Gains and Losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Fund Accounting
Funds held by the charity are:
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Unrestricted General Funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.
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Restricted Funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor.
| EMPLOYEES AND STAFF COSTS The average number of full-time equivalent employees (including casual and part time staff) during the year was made up as follows: Youth Management and Administration The cost of employing those staff was: Wages, Salaries and Redundancy Payments Employers National Insurance No employee received remuneration of more than £50,000. TRUSTEES REMUNERATION Amounts paid to trustees which includes remuneration is as follows:. Activities and Equipment |
£ £ |
31/03/2025 3 0 3 43,994 - 43,994 31/03/2025 9,845 |
31/03/2024 3 0 3 46,843 - 46,843 £ 31/03/2024 - £ |
31/03/2024 |
|---|---|---|---|---|
2. EMPLOYEES AND STAFF COSTS
3. TRUSTEES REMUNERATION
Page 10
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
4. TANGIBLE FIXED ASSETS
TANGIBLE FIXED ASSETS 31/03/2025 31/03/2024 Buildings on Leasehold Land Terrace Street, Hyson Green, Nottingham Valuation £ 545,000 £ 545,000
- a) Buildings on Leasehold Land
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 term.
The property was revalued on 31st December 1999 by Messrs Mitchell Dodd, Chartered Surveyors. The basis of valuation was depreciated replacement cost.
The historical cost of the building, less accumulated depreciation, is £Nil.
Due to the restricted right to the land, the open market value of the building is uncertain.
| 5. | b) Furniture, Fixtures and Equipment Cost 95,389 Additions - 95,389 Depreciation brought forward 95,389 Depreciation for the year - 95,389 Per Balance Sheet - £ c) Computer Equipment Cost 52,798 Additions - Disposals (52,798) - Depreciation brought forward 52,798 Depreciation Eliminated on Disposals (52,798) Depreciation for the year - - Per Balance Sheet - £ FAIR VALUE RESERVE Arising on revaluation of charity building on 31st December 1999. Balance at 31st March 2024 545,000 Movement during the year - Balance at 31st March 2025 545,000 £ 31/03/2025 31/03/2025 31/03/2025 |
95,389 - 95,389 95,389 - 95,389 - £ 52,798 - - 52,798 52,798 - - 52,798 - £ 545,000 - 545,000 £ 31/03/2024 31/03/2024 31/03/2024 |
|---|---|---|
Page 11
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
6. INDEPENDENT EXAMINERS PROVISION OF OTHER SERVICES
In common with many other businesses of our size and nature, we use our Independent Examiners to prepare and submit returns to the tax authorities, provide tax advice, represent us, as necessary, at tax tribunals and assist with the preparation of the financial statements.
| UNRESTRICTED FUNDS Note Balance at 31st March 2024 Youth: Income from Operating Activities Costs of Activities Non-Object Specific: Income from Operating Activities Other Income Premises Costs Support Costs Management and Administration Fund Movement Before Transfers Transfer from Restricted Funds Balance at 31st March 2025 |
43,555 9,183 (40,714) (31,531) 67,925 1,285 69,210 (24,977) (7,319) (2,854) 46,084 1,152 £ 47,236 31/03/2025 |
|---|---|
7. UNRESTRICTED FUNDS
Page 12
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
8. RESTRICTED FUNDS
Analysis of the source and application of restricted funds during the year is as follows:
| Note Balance at 31st March 2024 Grant Receivable During the Year Youth: Activities and Equipment Wages and National Insurance Premises costs: Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance Fund Balance Transfer from General Fund Balance at 31st March 2025 Note Balance at 31st March 2024 Grant Receivable During the Year Youth: Activities and Equipment Wages and National Insurance Premises costs: Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance Fund Balance Transfer from General Fund Balance at 31st March 2025 |
Birkin Patch 26,851 - - - - - (26,851) - - - - - - £ Subtotal B/F 46,451 4,050 (1,893) (13,757) - (8,000) (26,851) - - - - - - £ |
Area Based Grant - 4,050 - (4,050) - - - - - - - - - £ Hedley Foundation - 3,000 (3,000) - - - - - - - - - - £ |
Severn Trent 19,600 - (1,893) (9,707) - (8,000) - - - - - - - £ New Art Rev Funds - 3,000 (3,088) - - - - - - - (88) 88 - £ |
Subtotal C/F 46,451 4,050 (1,893) (13,757) - (8,000) (26,851) - - - - - - £ Subtotal C/F 46,451 10,050 (7,981) (13,757) - (8,000) (26,851) - - - (88) 88 - £ |
|
|---|---|---|---|---|---|
Page 13
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
8. RESTRICTED FUNDS (CONTINUED)
| Note Balance at 31st March 2024 Grant Receivable During the Year Youth: Activities and Equipment Wages and National Insurance Premises costs: Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance Fund Balance Transfer from General Fund Balance at 31st March 2025 |
Subtotal B/F 46,451 10,050 (7,981) (13,757) - (8,000) (26,851) - - - (88) 88 - £ |
Community Matters Fund 481 - (1,095) - - - - - - - (614) 614 - £ |
Playscheme Subtotal Funds C/F - 46,932 12,000 22,050 (9,546) (18,622) - (13,757) - - (600) (8,600) - (26,851) - - - - - - 1,854 1,152 (1,854) #1 (1,152) - £ - £ |
|---|---|---|---|
-
1 During the year 31st March 2025 the charity received grant funding for a 31st March 2024 year playscheme, which had not been accounted for in the 31st March 2024 accounts. The costs incurred in the 31st March 2024 year resulted in a loss, which were transferred from the general fund in the 31st March 2024 year. Therefore the residual funds for the 31st March 2025 year have been transferred to the general fund to offset the loss previously transferred to it.
| Note Balance at 31st March 2024 Grant Receivable During the Year Youth: Activities and Equipment Wages and National Insurance Premises costs: Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance Fund Balance Transfer from General Fund Balance at 31st March 2025 |
Subtotal B/F 46,932 22,050 (18,622) (13,757) - (8,600) (26,851) - - - 1,152 (1,152) - £ |
Youth Endowment Fund 1,518 - - - - - - - - - 1,518 - 1,518 £ |
£ | Million Hour Fund 28,001 28,001 (51,771) (4,231) - - - - - - - - - |
Subtotal C/F 76,451 50,051 (70,393) (17,988) - (8,600) (26,851) - - - 2,670 (1,152) 1,518 £ |
|---|---|---|---|---|---|
Page 14
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
9. GOING CONCERN
In determining the appropriate basis of preparation of the financial statements for the year ended 31st March 2025, the Committee are required to consider whether the club can continue in operational existence for the forseeable future.
The Committee has concluded that it is appropriate to adopt the Going Concern basis, having undertaken a rigorous assessment of the financial forecasts, with specific consideration to the income and expenditure position of the club in the context of the current economic climate in the UK, particularly but not limited to energy costs.
At 31st March 2025 the club's unrestricted funds were in surplus by £47,236 (2024 £43,555). The club has made a profit on its unrestricted funds for the financial year ending 31st March 2025 of £3,681 (2024: Loss of £8,890). The Trustees are satisfied that the plans in place by the club would continue to minimise future unrestricted fund losses, and will 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 meet its liabilities as they fall due.
Page 15
HYSON GREEN YOUTH CLUB
Unaudited Financial Statements for the year ended 31st March 2025
Registered Charity No: 1007675
HYSON GREEN YOUTH CLUB
INDEX TO THE FINANCIAL STATEMENTS
----- Start of picture text -----
Page
Charity Legal and Administrative Information 1
Report of the Trustees 2 & 3
Report of the Independent Examiners 4
Statement of Financial Activities including Income and Expenditure Account 5 to 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15
----- End of picture text -----
HYSON GREEN YOUTH CLUB
CHARITY LEGAL AND ADMINISTRATIVE INFORMATION
AS AT 31ST MARCH 2025
| TRUSTEES AND | ||
|---|---|---|
| MANAGEMENT COMMITTEE: | Maxine Davies | Chair |
| Christine Ricketts | Vice Chair | |
| Jennifer Stretton | Secretary | |
| Katrina Betani | ||
| Abdoulie Jah | ||
| Michael McLeod | ||
| Jackie Williams | ||
| PRINCIPAL OFFICE: | Terrace Street | |
| Hyson Green | ||
| Nottingham | ||
| NG7 6ER | ||
| REGISTERED NUMBER: | 1007675 | |
| INDEPENDANT EXAMINERS: | Atkinson Evans Limited | |
| Chartered Certified Accountants | ||
| Registered Auditors | ||
| The Old Drill Hall | ||
| 10 Arnot Hill Road | ||
| Arnold | ||
| Nottingham | ||
| NG5 6LJ | ||
| BANKERS: | Nat West Bank Plc | |
| Valley Road | ||
| Basford | ||
| Nottingham | ||
| NG5 1FL |
Page 1
HYSON GREEN YOUTH CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
The Trustees present their report with the financial statements of the charity for the period ended 31st March 2025. The financial statements have been prepared using the accounting policies set out on page 9 and comply with the charity's constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their Accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland published 16 July 2014.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Hyson Green Youth Club is constituted under a document adopted 20th June 1991 and is a registered charity number 1007675. The charity is controlled by this governing 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 activities to develop their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved. The programmes carried out by the charity can be broadly categorised as follows:
Training and Development Sports and Development
Youth and Community Work
Work is carried out by the charity through joint programmes funded by various funding agencies. We believe that this helps utilise local knowledge effectively and assists in our educational work. In all cases, the work is monitored directly by our own Management Committee to ensure that the programme is delivered in accordance with our own standards and to maximise the value to the beneficiary groups. During the year, numerous programmes were delivered in partnership with local organisations.
The charity is located within the inner city of Nottingham. We work closely with community groups to ensure a co-ordinated effort in the areas in which we operate and to influence longer-term strategies to relieve poverty in development areas of the inner cities. In addition, the charity raises funds through a network of charitable events, e.g. the training centre, special fundraising events, and the social and community activities.
FINANCIAL RESULTS
Information regarding the financial results of the charity for the year ended 31st March 2025 is contained 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 review the major risks which the charity faces on a regular basis through monthly Management Committee meetings. Systems have been 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 staffing our catering facilities, training, youth and community events and sporting activities during the year.
ORGANISATION
The Trustees in office during the year and up to the date of this report are set out on page 1. The Trustees are appointed by the Management Committee annually.
The charity is controlled by a Management Committee, elected annually by the club members.
All property and assets of the charity is vested in the Trustees.
Page 2
HYSON GREEN YOUTH CLUB
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the Report of the Trustees and financial statements 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 Reports) Regulations and the provisions of the trust deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
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 concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
CHAIR ………………………………………………… Maxine Davis
25/01/2026 Dated: …...........................................................
Page 3
HYSON GREEN YOUTH CLUB
REPORT OF THE INDEPENDENT EXAMINERS TO THE TRUSTEES OF
HYSON GREEN YOUTH CLUB
I report on the Accounts for the year ended 31st March 2025 set out on pages 5 to 15.
Respective Responsibilities of Trustees and Examiner
The charity's Trustees are responsible for the preparation of the Accounts. The charity's Trustees consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to :
-
examine the Accounts under Section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the Independent Examiner's Report
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking 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 whether the Accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner's 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 Charities Act; or
-
the Accounts did not accord with the accounting records; or
-
the Accounts did not comply with the applicable requirements concerning the form and content of Accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the Accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the Accounts to be reached.
30/01/2026 Dated: …...................................
Atkinson Evans Limited Chartered Certified Accountants The Old Drill Hall 10 Arnot Hill Road Arnold Nottingham NG5 6LJ
Page 4
HYSON GREEN YOUTH CLUB
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2025
| INCOMING RESOURCES Incoming Resources from Funds Generated Hall and Room Hire Rental of Youth Club Space NCC - Local Busness Support Grants Youth Club Income, Fundraising, Donations: Fundraising and Donations Bank and Building Society Interest Incoming Resources from Charitable Activities Area Based Grant Severn Trent Playschemes Phoenix Funds Black Lives Matter Fund Million Hour Fund Community Matters Fund Hedley Foundation NAE Afterschool club TOTAL INCOMING RESOURCES |
Notes | Unrestricted Funds 31/03/2025 67,925 - - 9,183 1,285 78,393 - - - - - - - - - 78,393 £ |
Restricted Funds 31/03/2025 - - - - - - 4,050 - 12,000 - - 28,001 - 3,000 3,000 50,051 £ |
Total Funds 31/03/2025 67,925 - - 9,183 1,285 78,393 4,050 - 12,000 - - 28,001 - 3,000 3,000 128,444 £ |
Total Funds 31/03/2024 62,780 - - 439 1,205 64,424 3,750 19,600 10,000 20,000 400 28,001 10,000 - - 156,175 £ |
||
|---|---|---|---|---|---|---|---|
Page 5
HYSON GREEN YOUTH CLUB
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT (CONTINUED)
FOR THE YEAR ENDED 31ST MARCH 2025
| RESOURCES EXPENDED Charitable Expenditure Costs of activities in furtherance of the objectives of the charity: Youth - Activities and Equipment - Wages and Employers National Insurance Costs of generating funds: Premises Costs - Heat and Light - Repairs and Renewals - Depreciation of Fixed Assets - Cleaning, Sanitation and Refuse - Rent, Rates and Water carried forward |
Notes | Unrestricted Funds 31/03/2025 14,708 26,006 40,714 8,972 4,742 - 8,492 2,771 24,977 65,691 |
Restricted Funds 31/03/2025 70,393 17,988 88,381 8,600 26,851 - - - 35,451 123,832 |
Total Funds 31/03/2025 85,101 43,994 129,095 17,572 31,593 - 8,492 2,771 60,428 189,523 |
Total Funds 31/03/2024 33,935 46,843 80,778 31,475 8,629 - 6,995 2,797 49,896 130,674 |
||||
|---|---|---|---|---|---|---|---|---|---|
Page 6
HYSON GREEN YOUTH CLUB
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT (CONTINUED)
FOR THE YEAR ENDED 31ST MARCH 2025
| brought forward Support Costs - Printing, Stationery, Postage and Computer Expenses - Telephone - Insurance Management and Administration - Accountancy and Payroll Total Resources Expended Net Incoming / (Outgoing) Resources - Net Income / (Expenditure) Transfers Between Funds Net Movement in Funds RECONCILIATION OF FUNDS Total Funds brought forward Total Funds carried forward |
Notes | Unrestricted Funds 31/03/2025 65,691 456 1,375 5,488 2,854 75,864 £ 2,529 1,152 3,681 43,555 £ 47,236 |
Restricted Funds 31/03/2025 123,832 - - - - 123,832 £ (73,781) (1,152) (74,933) 76,451 £ 1,518 |
Total Funds 31/03/2025 189,523 456 1,375 5,488 2,854 199,696 £ (71,252) - (71,252) 120,006 £ 48,754 |
Total Funds 31/03/2024 130,674 450 917 5,421 2,293 139,755 £ 16,420 - 16,420 103,586 £ 120,006 |
||
|---|---|---|---|---|---|---|---|
Page 7
HYSON GREEN YOUTH CLUB
BALANCE SHEET AS AT 31ST MARCH 2025
| FIXED ASSETS | Notes | 31/03/2025 | 31/03/2025 | 31/03/2024 | 31/03/2024 |
|---|---|---|---|---|---|
| TANGIBLE ASSETS | |||||
| Buildings on Leasehold Land | 4 | 545,000 | 545,000 | ||
| CURRENT ASSETS | |||||
| Trade Debtors | 8,503 | 7,380 | |||
| Prepayments and Accrued Income | 1,128 | 1,138 | |||
| Nat West Bonus Saver Account | 46,466 | 96,395 | |||
| PAYE and National Insurance | 1,692 | - | |||
| Bank Current Account | 9,116 | 35,936 | |||
| 66,905 | 140,849 | ||||
| CREDITORS, amounts falling due within one year | |||||
| Trade Creditors | 10,543 | 10,126 | |||
| PAYE and National Insurance | - | 1,282 | |||
| Workplace Pension Scheme | 106 | 193 | |||
| Attachment of Earnings | 1,284 | 1,284 | |||
| Accruals and Deferred Income | 6,218 | 7,958 | |||
| 18,151 | 20,843 | ||||
| NET CURRENT ASSETS | 48,754 | 120,006 | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 593,754 £ |
665,006 £ |
|||
| FUNDS | |||||
| Fair Value Reserve | 5 | 545,000 | 545,000 | ||
| Restricted Funds | 8 | 1,518 | 76,451 | ||
| Unrestricted Funds | 7 | 47,236 | 43,555 | ||
| Total Funds | 593,754 £ |
665,006 £ |
Approved on behalf of the Board of Trustees
CHAIR: ……………………………………………… 25/01/2026 Dated: …........................................................
Maxine Davis
Page 8
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these Accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their Accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The club constitues a public benefit entity as defined by FRS 102.
The Trustees have prepared the Accounts on the going concern basis. See note 9 in relation to going concern.
Income Recognition
Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with 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 purpose it is recognised in the accounting period in which the expenditure for the specified project is incurred.
Expenditure Recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure heading.
Irrecoverable VAT
The club is exempt from VAT registration, therefore all VAT is irrecoverable VAT and is charged against the expenditure heading for which it was incurred.
Charitable Activites
Costs of charitable activities consist of the direct costs of activities, equipment and labour cost in the club providing services to the users of the club.
Costs of Generating Funds
The costs of generating funds consist of the direct premises costs to be able to service the users of the club.
Allocation of Support and Governance Costs
Support costs have been allocated between governance costs (titled management and adminstration) and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs.
Tangible Fixed Assets
All assets costing in excess of £1,000 are capitalised. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
- Buildings on Leasehold Land not provided Other Fixed Assets - 100% on cost in year of purchase
Page 9
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES (CONTINUED)
Realised Gains and Losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Fund Accounting
Funds held by the charity are:
-
Unrestricted General Funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.
-
Restricted Funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor.
| EMPLOYEES AND STAFF COSTS The average number of full-time equivalent employees (including casual and part time staff) during the year was made up as follows: Youth Management and Administration The cost of employing those staff was: Wages, Salaries and Redundancy Payments Employers National Insurance No employee received remuneration of more than £50,000. TRUSTEES REMUNERATION Amounts paid to trustees which includes remuneration is as follows:. Activities and Equipment |
£ £ |
31/03/2025 3 0 3 43,994 - 43,994 31/03/2025 9,845 |
31/03/2024 3 0 3 46,843 - 46,843 £ 31/03/2024 - £ |
31/03/2024 |
|---|---|---|---|---|
2. EMPLOYEES AND STAFF COSTS
3. TRUSTEES REMUNERATION
Page 10
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
4. TANGIBLE FIXED ASSETS
TANGIBLE FIXED ASSETS 31/03/2025 31/03/2024 Buildings on Leasehold Land Terrace Street, Hyson Green, Nottingham Valuation £ 545,000 £ 545,000
- a) Buildings on Leasehold Land
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 term.
The property was revalued on 31st December 1999 by Messrs Mitchell Dodd, Chartered Surveyors. The basis of valuation was depreciated replacement cost.
The historical cost of the building, less accumulated depreciation, is £Nil.
Due to the restricted right to the land, the open market value of the building is uncertain.
| 5. | b) Furniture, Fixtures and Equipment Cost 95,389 Additions - 95,389 Depreciation brought forward 95,389 Depreciation for the year - 95,389 Per Balance Sheet - £ c) Computer Equipment Cost 52,798 Additions - Disposals (52,798) - Depreciation brought forward 52,798 Depreciation Eliminated on Disposals (52,798) Depreciation for the year - - Per Balance Sheet - £ FAIR VALUE RESERVE Arising on revaluation of charity building on 31st December 1999. Balance at 31st March 2024 545,000 Movement during the year - Balance at 31st March 2025 545,000 £ 31/03/2025 31/03/2025 31/03/2025 |
95,389 - 95,389 95,389 - 95,389 - £ 52,798 - - 52,798 52,798 - - 52,798 - £ 545,000 - 545,000 £ 31/03/2024 31/03/2024 31/03/2024 |
|---|---|---|
Page 11
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
6. INDEPENDENT EXAMINERS PROVISION OF OTHER SERVICES
In common with many other businesses of our size and nature, we use our Independent Examiners to prepare and submit returns to the tax authorities, provide tax advice, represent us, as necessary, at tax tribunals and assist with the preparation of the financial statements.
| UNRESTRICTED FUNDS Note Balance at 31st March 2024 Youth: Income from Operating Activities Costs of Activities Non-Object Specific: Income from Operating Activities Other Income Premises Costs Support Costs Management and Administration Fund Movement Before Transfers Transfer from Restricted Funds Balance at 31st March 2025 |
43,555 9,183 (40,714) (31,531) 67,925 1,285 69,210 (24,977) (7,319) (2,854) 46,084 1,152 £ 47,236 31/03/2025 |
|---|---|
7. UNRESTRICTED FUNDS
Page 12
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
8. RESTRICTED FUNDS
Analysis of the source and application of restricted funds during the year is as follows:
| Note Balance at 31st March 2024 Grant Receivable During the Year Youth: Activities and Equipment Wages and National Insurance Premises costs: Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance Fund Balance Transfer from General Fund Balance at 31st March 2025 Note Balance at 31st March 2024 Grant Receivable During the Year Youth: Activities and Equipment Wages and National Insurance Premises costs: Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance Fund Balance Transfer from General Fund Balance at 31st March 2025 |
Birkin Patch 26,851 - - - - - (26,851) - - - - - - £ Subtotal B/F 46,451 4,050 (1,893) (13,757) - (8,000) (26,851) - - - - - - £ |
Area Based Grant - 4,050 - (4,050) - - - - - - - - - £ Hedley Foundation - 3,000 (3,000) - - - - - - - - - - £ |
Severn Trent 19,600 - (1,893) (9,707) - (8,000) - - - - - - - £ New Art Rev Funds - 3,000 (3,088) - - - - - - - (88) 88 - £ |
Subtotal C/F 46,451 4,050 (1,893) (13,757) - (8,000) (26,851) - - - - - - £ Subtotal C/F 46,451 10,050 (7,981) (13,757) - (8,000) (26,851) - - - (88) 88 - £ |
|
|---|---|---|---|---|---|
Page 13
HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
8. RESTRICTED FUNDS (CONTINUED)
| Note Balance at 31st March 2024 Grant Receivable During the Year Youth: Activities and Equipment Wages and National Insurance Premises costs: Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance Fund Balance Transfer from General Fund Balance at 31st March 2025 |
Subtotal B/F 46,451 10,050 (7,981) (13,757) - (8,000) (26,851) - - - (88) 88 - £ |
Community Matters Fund 481 - (1,095) - - - - - - - (614) 614 - £ |
Playscheme Subtotal Funds C/F - 46,932 12,000 22,050 (9,546) (18,622) - (13,757) - - (600) (8,600) - (26,851) - - - - - - 1,854 1,152 (1,854) #1 (1,152) - £ - £ |
|---|---|---|---|
-
1 During the year 31st March 2025 the charity received grant funding for a 31st March 2024 year playscheme, which had not been accounted for in the 31st March 2024 accounts. The costs incurred in the 31st March 2024 year resulted in a loss, which were transferred from the general fund in the 31st March 2024 year. Therefore the residual funds for the 31st March 2025 year have been transferred to the general fund to offset the loss previously transferred to it.
| Note Balance at 31st March 2024 Grant Receivable During the Year Youth: Activities and Equipment Wages and National Insurance Premises costs: Rent, Rates and Water Light and Heat Repairs and Renewals Cleaning, Sanitation and Refuse Telephone Insurance Fund Balance Transfer from General Fund Balance at 31st March 2025 |
Subtotal B/F 46,932 22,050 (18,622) (13,757) - (8,600) (26,851) - - - 1,152 (1,152) - £ |
Youth Endowment Fund 1,518 - - - - - - - - - 1,518 - 1,518 £ |
£ | Million Hour Fund 28,001 28,001 (51,771) (4,231) - - - - - - - - - |
Subtotal C/F 76,451 50,051 (70,393) (17,988) - (8,600) (26,851) - - - 2,670 (1,152) 1,518 £ |
|---|---|---|---|---|---|
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HYSON GREEN YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
9. GOING CONCERN
In determining the appropriate basis of preparation of the financial statements for the year ended 31st March 2025, the Committee are required to consider whether the club can continue in operational existence for the forseeable future.
The Committee has concluded that it is appropriate to adopt the Going Concern basis, having undertaken a rigorous assessment of the financial forecasts, with specific consideration to the income and expenditure position of the club in the context of the current economic climate in the UK, particularly but not limited to energy costs.
At 31st March 2025 the club's unrestricted funds were in surplus by £47,236 (2024 £43,555). The club has made a profit on its unrestricted funds for the financial year ending 31st March 2025 of £3,681 (2024: Loss of £8,890). The Trustees are satisfied that the plans in place by the club would continue to minimise future unrestricted fund losses, and will 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 meet its liabilities as they fall due.
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