Clwity reoll mllpkn. 1012242 Colne Valley Youth and Community Association Annual Report and Financial Ststements for thc Year Ended 31 March 2025
Colne Valley Youth and Communlty Ass(bci2tion Contents (¢ontinved) Referentt and Administrative Details 2to4 Statement of Trustees. Re4)onsibilities Indepenknt Examin&s ReEx>rt Statement of Financial ActAvitie8 Balance Shert Not<8 to the FInCIal Stateme 9t020
Colne Valley Youth and Conmnunity Assoclatlon Reference and Adminlstrative Details Trustees Bernie Banks Eamomi Dohety J¢nny Vick¢rn Herry HiggiiL4 David Gilbert Charfty Regbtratlon Number I012242 Prllldp Offlce Dews Lane Harefield Middles¢x UB9 6JN Independent Exandoer Sterling Grove Accountsnts Limited Ch8rt¢red Certified Accountants and Regis*rcd Auditors Fawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 STD Bankers CAF Bank Limited 25 King8 Hill Avenue Kings Hill West Malling Kent ME194JQ Page I
Colne Valley Youth and Communlty AssoefiatEon Trustees, Report The tTUStees present the annual report together with the financial statements of th¢ clwAty for th¢ y¢ar ended 31 March 2025. Th¢ financial 8thtements have been prepard in accordance with the accounting policies set out in notes to the accounts comply with the charity's govmjing docum¢ the Charities Act 2011 and Aecounling and RertItig by clwlti.stateMellt of Recommended Practice applicabl¢ to charities preparing their accounts in accordance with the Financial R¢wting Stsndard applicable in the UK alld Republi¢ of treland publi51Kd on 16 July 2014. Tru8tett Ind offite The tntee& and offi¢¢rn serying during the y¢ar and since the year end wer¢ Is follows: Neil Crowthcr Karen SnMggAsgple Jemiy Vickers Henry Higgins David Gilbert ObJ¢edve8 and artlvltles Objects 4Rdalms Cok)ne Volley Youth & Community Associatio known a8 Hillingdon Outdoor Activilies Ccntre ('HOACy is registered Youth Educational Charity providing outdoor and environmental education for the whole community but with priority gsven to young people and those who are disadvantaged or disabled. Outdoor education includes 8 wide range of water and activities. Included are sailing, canoeill& windsurfin& raftillB, dk7gon Ix)8tiDg, Ixll boatin& rowin& team building and lead¢rship challenw, archery, cavin& ¢limbin& high and low The site is currently closed due to HS2 rnilway adivities and wc presently awaiting relocation. We have however been able to carry out some limited activities off site. HOAC doe8 not make 8rants. HOAC doe8 N)t have InVest*t& although interest is earned on b8nk accounty vthich is to better the ¢haTity's ainlq. From October 2020 the site was clog¢d du¢ to HS2 rnilway activity we at present awaiting relocation to a new site. The tnkn ¢onfirni that they have conwlied with the reqUiremts of seLtion 17 of the Cftwities kn 2011 to havc regard to the public benefit guidance published by the Charity Commissii)n for England and Wales. Not applicable at presenL P88e 2
Colne Valley Youth and Communlty Assoclatlon Trn$t¢es' Report (continued) Flnanel21 revl¢w Substantial reserv bad been built up over the last few yeaTS and are being used to cover cumt Structsrfy g0vennCe and manAgellnt Recrnilment 4nd4ppoiRlmeRi oftruxtses In the first ttL8tance. the need for a new Tr is identified by the current Tn]stees in consultstion with the Principal. This is nornully in response to someone wishing to Tig rnoving out of the area etc. Sometimes it may be that someone with particular qualities that are identified as needed will be artivety rmited gs long as the nUD}b of TnteeS stays within the proscribed I11t. Norn]ally al this stsge the ar¢ one or two people who have express interest in being TTht5 and their suitability is discussed and a candidate awd. The chair of Trustees wtll then appro&¢h the candidate. and if they are agreeable. their name is given to the Trusle¢ soliiitor for a Deed of variation to be rdised. Che¢ks aff th¢n on thcir backwund (bankruptcy, criminal convictiOll8 et¢.) JAdu¢iloK td IMthln8 oltrMste¢s The Principal introduce8 the new Tne to the Centre, its structh and the way it is managfyl The Chair of Trustees ensures that the new Trustee h85 relevant documents detailing HOAC gement procedures. The new Trustee 18 introduced at the next suitable Ttee meeting but doe8 not be¢om¢ a Tnthe until the re8uJts of th¢ ¢h¢cks aTe in and thc legal PTw¢sse5 have been completed. InthJ¢ti(bn takes the forni of a with th¢ treasurw and chairnwi explain responsibilitie& and how HOAC WO3. A Staff ReSoue Manual containing Health & Safdy and all otber relevant policies 18 provided. Or84A1Mllon slrn¢thr¢ The Clwity's org4nisational strueture 15 laid out in the Trust Deed and the annual report. There are seven trustees. In addition, Genernl Conmnittee memkn are elected at an AGM from frsend8 of HOAC. Meetings gre ¢wr¢ntly suspended pending rtropeniDg. Ther¢ are 2 full-tirne member8 of stsff, The TAe¢S and PrI1p1 I¢t rearlY to financial and stsategic policy decisions. The Principal makcs all oper*ional de£isions based on the 88re&l strategies. Page 3
Colne Valley Youth and Community Association Trnsteu, Report (continued) Mofvr rhk% management ofthose risks Flnan¢ial iohncY Policies a1 strategies to retain agreed stratsgic reserve4 regular meettogs to review fi[W balances. nK)nthiy inconK aj expenditure figures prnvided to the Tne¢S appointment of a Trustee treasur and PrI1paI wF4) nnitOr Centre perfornWg. exp¢ryliture and trends. audited accounts. Busin Failur¢: possible ¢auses: closure due to foot and mouth diseasel blue green algae, very serious a¢¢id¢nt. Management: maintaining sufficient financial reserves to carry the Centre over" not nmjning overdrafts or deb suitable saf¢ op¢ratiug prosxdure4 qualified staffj suitable inwrance cover, relocation to new site. HOAC is liceThqedliwected by the AU RYA and British Rowin8. (Paused til relocation to new sit¢). All adivilxes are rlsk assessed according lo Dational criterla where apprwle IRYAIAALA). The risks nw]aged acLX)rding to laid down ¢rit¢ria from National governing bodi¢s or 88 accredited by HOAC. AppropTiat¢ly qualified staff are used for all activities. HOAC has public liability and third party insurance cover for 10 million pounds. Flnan¢knl Initrnments The charity's activiti¢s expose it to a number of financial risks including credit risk. ¢ash flow risk and liquidity risk. Coshflow rtsk Int¢r¢st bearing assets and liobilities are held on notic¢ deposit aftts. The charity's principal financial assets are bank balance8. The credit risk on liquid funds and derivative financial instrumts is limited be£au8e the ¢ounterparties Are banks with high credit-ratings assiBt*d by international credit-rating agencies. Uquldlty rfsk Details rejing liquidity risk can be found in the Statement of accounting )litieS in the financial 8tat¢ments. l.6.1.11.1..2&d ,.1 on its behfby. The annu8J report n4 approved by the tn¢¢8 of the charity on . . . . Karen Sma8gasgal¢ Trus1¢¢ Page 4
Colne Valley Youth and Community Association Statement of Trustees, Responsfibllltles The tte¢S are responsible for preparlng the trustees, report and the financial slalements in accordance with the United Kingdom Accounting Standarth {UDited Kingdom Generally Accepted A¢counting Pradice) aDd applicable law and regulations. The law applicable to clmrities requires the trustees to pr¢pare financial statements for cach fnw)cial year which give a tnw and fair view of the stat¢ of affairs of the clwity and of the incoming resoutces and application of r¢sour¢&s of the tharity for that period In preparing these fiDan¢ial staten]en the truskes ate rcquira to: s¢l¢th suitsbie aounting policies and then apply them ¢onsistently' observe the nthOdS and principles iti the Charities SORP: ' llsake judgetlts and estimatrf that are reasonable and pnen¢ state whether applicable #¢WUDting standard8 have been followe(L 8ubje¢t to any material dcpartures disclosed and ¢xplained io the fuiancial statements. and prepate the finaDcial statements on the going Concern bRsis UDless it is inapproprith to presu thit th¢ charity will continue in busin¢ss. The trustccs arc responsible for keeping proper ae¢ountiug records that disclose with reasonabl¢ ac¢ur8cy at ally tim¢ the financial position of the charity and enable them to ensutE that the financial ststements ¢ornply with the Charities Act 2011. the Cfftwitie8 (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The tntee5 are also responsible for safrguarding the assets of the cbarity and hence for taknng reasonable st¢ps for th¢ prevention and detecti of fraud and other irregui8rAtie& The tr$tee$ are r¢sponsibl¢ for the maintenance and inl¢grity of the corporate and fina.1 infornution included on the charitable companvs website. t£gislation governing the preparation and dissemination of financial statements may differ from legislation in other jurAsdiction$. 15111.1.25and 8i8D¢d on its behalf by. Approved by thc trustrts of the ¢IrIty on .... Karen Smagga8gale Pagc 5
Colne Valley Youth and Communlty Assoclation Independent Examiner's Report to the trnstees of Colne Valley Youth and Communlty A$$ociation I report to the trustees on nty examinthott of the accounts of Colne Valley Youth and Commurrity Association for the year endd 31 March 2025. Re8ponslbllltles b*81q of report As the charity ITUStees of Colne Vallcy Youth and CotllTnUTuty Association you are resnsible fi)r the preparntion of the accowits in acconlance with the requirem¢nts of the Charities Act 2011 ('the Act.). J T¢)rt in respect of my examination of the Colne Valley Youth and Community Association's accounts caTried out under sc¢tioD 145 of the 2011 Act and in ¢aTrying out my eXamItion I havc folkiwed all the 4pplicable Directio8 8ivcn by the Charity Commission under section 145(5)(b) of the ACL IDdepeDdeDt exAmkner'8 Statement I have compleied my exarnination. I confirni that no mllterial matters have wme to my attention in connection with the eXamition giving me cause to believ¢ that in any mateTial r¢sp¢tt. 1. 8c¢ountin8 records were not kept in re8pe¢t of Colne Valley Youth and Community A880¢iAtion required by section 130 of the ACL or 2. th¢ acwunts th not acwd with those r¢cords: or 3. the a¢¢ounts do not ¢omply WAth the accountin8 requirements Concerni the forni and content of accounts set out in the Charities (Accounts al Reports) Regulations 2008 other than any requirement that the accounts give a 'tru¢ and fair vi¢W which is not a matter con8id¢red as part of an independent exan)itI0ll. I bav¢ no concerns and have come across no other matlcrs io countion with the exlminthon to which attentioD Should bc drnwn in this r¢port iti order to ¢n8bl¢ a proper understandin8 of the acwunts to be reaclKd. Mr Gi&nni Pi¢tro Amasanti Chartered Certified Accountants and Re8iStered Auditors FCCA Fawl¢y Hou8¢ 2 Regatta Plac¢ Marlow Ro1 Boume E1 SL8 STD Page 6
Colne Valley Youth and CommuDity Assoelatlon ststement of Trlnancial Activities for the Year Ended 31 M*r¢h 2025 Total 2025 Unrestrletrd Restrlcted Note Income and Endownmts frow: Donations and l¢gaci¢y Clwitable activitics ]nvm¢llt income 12.898 12,898 27,412 7,222 27.412 7.222 Total inco 34.634 12.898 47.532 Exptndltsre on: Charitable activiti¢s (150.458 1.250 151,708 (150.458 1250 (151.708 Net moveD]¢nt iti fill$ (115,824) lJ,648 (104.176) ReeoJdU•don of fuDds Totsl fimds brought forward Total fimds carried forward 334.758 240 334.998 17 218,934 11,888 230.822 Tolal 2024 Unro8trlctsd RestrActed Note In¢ome and Endowmeuts from: Charitable activities Jnvestment inrom¢ 1,217 8,455 ,217 8.455 Total income 9,672 9.672 Eipendlture on: Charltable activilies 157350 157,350 157.350) 157,350) Net movement in funds (147,678) (147,678) Reeonelllatlon of thnds Total fut)ds brought fonvard Tothl funds c8rri¢d fonvard 482,436 240 482,676 17 334,758 240 334.998 All of the Ch18 activities deTSV¢ from continu3ng operntig durin8 the above two finala1 year8. The notss on pages 9 to 20 forni an inte1 part of these financtai statements. Page 7
Colne Valley Youth and Community itssodatfon (Reglstratlon number: 1012242) Balance Sheet at 31 March 2025 2025 2024 Note Tangible assets 12 19.541 31.161 Current agsets Debtors Cash at bank in h4nd 13 14 18,731 212,410 231.141 11.298 308,269 319,567 Credltors: Amounts fAlllng due wllhln one yer Net current ets 15 19,860 15.730 211,281 303.837 Net 230.822 334.998 Fwidl Of the ehrlty: ReYtrIct Income funds 11.888 240 Unrestrleled Income fundi Unrestricted funds 218,934 334,758 Total fuodi 17 334,998 The flljancial statetnents on pages 7 to 20 were approved by the trustees, and authoris¢d for iBsu¢ on 131..!.1/.2 ff and $iwKd on their behalf by: Karen Smawgalc Trustee The notes on pages 9 to 20 forn an Inteal of these financial Statements. Page 8
ColDe Valley Youth and Community Association Notes to the Fknancixl Ststements for the Year Ended 31 March 2025 l Aeeounting poliek ststellwnt ofcowiliaDce The financial statem¢nts have been preparryl in accord with the second edition of the Charities Ststement of Recommended Practice issued in October 2019. the Finan¢ial Reporting Standard applicable in the United Kingdom and R¢publi¢ of treland (FRS 102) and the Clwities Aot 2011. BRsl8 of preparatlon Colne Valley Youth and Cotiunuwty Association meets the definition of a public b¢nefit eniity undcr FRS 102. The accounts (fjnancial statements) have been preparnl Und the historical cost convention with items recognised at cost or tramaclion valu¢ unless otherwi stated in the relevant note(8) to these accounts. Gokng con¢¢rn The tru5t¢¢s consider that there are no material uncertainties about the ¢haritYs ability to Continue AS a going Income and ¢ndowmeDts Voluntary income including donations gifts, legacies and grants that provide core funding or are of a general nature 1$ 0nised when the charity has entitlement to th¢ incoll*. it is probabl¢ th&t th¢ will be received and the amount can be measured with sufficient reliability. Don4ilons andlrya¢les Donations 8nd legacies ate recognised OD a rcccivablc basis WIM receipt is probable and the aDK)unt can be reliably me&sured. Deferred incotn¢ represents amounts r¢¢eiv¢d for future p¢riod8 a1 is r¢l¢ased to incoming resources in the period for whic]4 it has been teceivcd. Don4ledservlceJ andfatllld Wher¢ s¢rvx¢es or faciliti ar¢ provided to the ¢lwity as a donation that would nornwlly be ph&S•j from our supplier4 this b¢n¢fit is included in the financial statements at iv8 fair value unless ivs fair valuc bc realiably measured. then at the cost to the donor or th¢ resale value of goods that are to be 801d. IxveshneA( Income Interest iy re¢WiS on an a¢¢nwls basis and included in th¢ pffiod in which it relates to. Eyndltsr¢ All expenditure is Tecognised once there is a legal or constructive obligation to that expenditure, it is probable settlement ig required and the amount can be rnea8 reliably. All costs are alloc8tsJ to the applicable expenditure headiDg that aggregatc si[]&[ costs to that cakgory. Where costs cyTrnot be diredly attributed to particular headings they have been allocated on a basis consistent with the use of resource& wtth centrnl staff osls allocated OD the basis of time spenl and depreciation clwges allocated on the portion of the asset's use. 011 support wsts are allocated bd on the spread of staff cos1& Page 9
Colne Valley Youth and Communlty Association Notes ts the TrlnAn¢ial Statements for the Year Ended 31 Mareh 2025 (¢ontinued) Charilable adivlties Cbaritablc exFrThlittwc con)prises tIK>se costs incurred by the ¢harity in the delivery of its activitics alld scrYir¢s for its beneficiariek It includes both ¢osts that Can be all<ted directly to such activities and those costs of an indirtct Datur¢ necessary to support them. Governan¢¢ ¢ts These include the Costs attributable to the charity's compliatice with constitutional and Statutory requirements, T#xtlon The charity is considered to Pass th¢ t¢sts set out in Paragraph I Schedule 6 of the Financ¢ Act 2010 and therefore it nets the definition of a charitable company for UK COTporntion tax pu0S. Ardg]y. the ¢haTity is potentially exenwt from ttion in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Coq)oration Tax Act 2010 or Section 256 of th¢ Taxation of Chargeable Gains Act 1991 to the extent that $u¢h in¢ome or gains are applied exclusiv¢ly to charitabl¢ purposes. TgIble fixed ets Individua] fixed wets ¢ostin8 £250.IM) or more are initially recorded at cosL less any subs¢quent UMlated dcprcciation and subsequcnt accumdated impaiwt lo&s¢s. Depreclatlon and amortlsatlon Depreciation is provided on tangible fixed assets so as to writ¢ off th¢ cost or Valuatio less any estimated residual valu4 over their expected useful econornic life as follows: As8et dus Depreel8tlon method and rate Dinghies 6 years straight line basis CatK)¢4 Engines. OtTi¢e equiprnent 4 years straight line basis Windsurfers, Prtvate Protection Equipment 3 y¢ars straight line basis Other craft Up to 7 years straight linc b&sis Potttoons & slipways 15 year8 straight line basis Land.bascd cquipmcnt & Karting Up to 8 years straight line basis Leasehold improvement4 Climbing wall and cavtng 8yStem & Other Up to 5 years straight line Websik 2 years strai¥ht Ilne basis Depreciation of non-moveable ¢apitsl item5 have been written dovm to a nel value of zero by the end of March 2019. Stock This is for the goods for the vending machines held at the y¢ar ¢0 It is valued at the lower of cost and net rAsable value. P48e 10
Colne Valley Youth Comniunity Awelation Notes to the Trlnaneial Statements for the Year Ended 31 March 2025 {¢onlinued) Trade debtors Trade debtors 8re al)Unts from customers for merchandise sold or s¢rvi¢e8 performed in th¢ ordit]ary course of busitiess. Trade debtors are recognised initially at the traosaction price. They 5ub5equently nwsured at amortised cost using the effective interest method. less proviyion for impaimHit. A provision for the inwairnt of is established vthen there is objective evidence that the charity will not b¢ able to ¢olle¢t all amounts due ac¢ordAng to the original tern of the receivables. Cmh and egih equfvaknts C&8h and cash equivalents compris¢ cash on hand and call deposits, and other short-tcrni highly liquid inveknts that rc4dily ronverhble to a known allUt of and are subject to an itisignificant ri8k of change in valu¢. Trade ¢redltor8 Trade creditors are obligations to pay for 8ood8 or 8ervi¢¢s that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as Cnt liabiliti if the charity does not have an unconditional righL At the cnd of the reporting pcriod, to defer gettlement of the creditor for at least twelve months &fter the rw)rtiog date. If there is an unc0tltiOnal right to defer settlcmcnt for at least twelve JJK>nths after the reporting date. they are presented as nOnurrtt liabiliti¢s. Trade creditors arr reeognised initially at the tr)9ctiOn price. Fund thcture Unr¢stri¢ted in¢om¢ funds are gencral fLTnd8 that are available for w¢ at the tntee8 discretion in further8n¢¢ of the objectivcs of the Gb•rity. Restricted Ancome futuls are those doDated for u8¢ in a particular area or for Specif putposrf, the of which 18 restricted to that area or purpose. Pensloni and other pNt redrement obllgadoni The charity operates a defined contrlbution pension 8cbeme which is a pension under which a fixed contnl)ution8 are paid into a pension fund. Contributions to defined contribution plafjs ar¢ r#o8tiised in the SOFA when they are d. Page 11
Colne Valley Youth and Communlty Association Notss to th¢ FlnancAal Statements for the Year Ended 31 March 2025 (continued) 2 Income from don•tlon$ *nd l¢gA¢leg Restrkted funds Total 2025 DonatiotLs and legaci¢s: Donatio$ from individuals Donated assets 5.398 7,5(Ml 5,398 7.51KI 12,898 12,898 3 Income frow charltsble aetlvltlej Total 2025 Totsl 2024 Gener#1 16,521 3,685 5,988 1.218 16,521 3.685 5.988 1218 Holiday Group activity 1,217 1,217 27,412 27,412 4 Investment In¢on UnreJtrl¢t fundi General Totgl 2025 Tot#1 2024 Intcrcst receivable and similar inconK' Intere8t re¢eivabl¢ on bank dwits 7,222 22 Page 12
Colne Valley Youth and Communfity Association Notes to the Financial Statsments for the Year Ended 31 Mareb 2025 {coDtiDued) S Expendltllr¢ on elwitAble activitles Unrestrkted funds General TotAI 2025 Tot•1 2024 fund# Note Establishment costs Repairs and maint¢nanr¢ Office ¢xp¢n Printi postagc and stationary Subscription and donations Equipment hire Sundry and other costs Cour8¢ running costs Depre¢Aatio amortisation and other similar costs Staff costs 9,163 9,163 3,919 3,309 14,573 3,309 14,573 182 11,541 1217 1217 1.490 1,834 1,451 1.834 1.451 4,599 1,471 2.266 1,463 2.266 1,463 820 18,870 91,439 4.873 1250 20,120 91,439 4,873 23,109 105,439 4.780 150,458 1,250 151,708 157.350 6 ADaly8lJ of gov¢rn*nce and #upport ¢oits Governance cojts nd$ General Total 2025 Independent examiner f¢es Examination of the financial statem OtILer gov¢rnanc¢ Costs 4.7(M) 173 4,700 173 4,873 4,873 Page 13
Colne Valley Youth and Commuuity As%(19t10ll Notss to tbe Flnandal Statements for the Year Ended 31 March 2025 (continued) Unr¢strl¢t¢d funds Generxl Tolal 2024 4.71X) 80 4.7(K) 80 Other gov¢TDancc ¢osts 4.780 4,780 Page 14
Colne Valley Youth and Community Association Notes to the Trlnanelal Statsmellts for the Year Ended 31 March 2025 (eonthiued) 7 Net In¢omlDpJout8olng resources Net outgoing r¢source5 for the year include: 2025 2024 Depreciation of fixed &88¢ts 18,870 23.109 8 Tru8ttty remuneradon and expen8e4 No Ins. nor any persons Connected with have re1Ved any remuneration from the clwity during the No tnteeS have Trceiv any rcinthursed expenses or any other bcncfits from the charity during the year. 9 Stsff ¢o•t• The a88regate payroll costs were as follows: 2025 2024 Staff coth durlng the year wer•: Wage5 and salaries Social security Costs Pen8ion costs 90,896 (4,020) 4.563 90,845 10.026 4,568 91,439 105,439 The monthly avctage nUrn of persons (includin8 senior managcmcnt tcam) ¢mployed by thc charity during the year: 2025 No 2024 No CharAtabl¢ a¢tivities- Full time Employees Contributions to the employee pension hernes for the year totallcd £4,563 (2024- fA,568). No ¢mployec received emohllnth of more than £60,(KKI during th¢ year lil Independent examlner's remuneradon 2025 2024 ExamiDation of the finmcijl slatements 4.7(X) Page 15
Colne Valley Youth and Conwiunlty Association Iyotes to the Financial StstsmeDts for the Year Ended 31 Mareh 2025 (continued) 11 Tax80 Th¢ ¢haTity is a r¢8iSt¢rnl clwity and is therefore exempt from taxatio 12 T#Bglble fixed *Mets Furnlture and equlpment Total Cost At l AprAI 2024 AdditioDS l.556.778 8.51KI 1,556,778 8.500 At 31 March 2025 1.565278 1,565278 Depreclatlon At l April 2024 Charge for the year ,525.617 20.120 1,525,617 20.120 At 31 M8r¢h 2025 1,545,737 1,545,737 Net book Wlle At 31 March 2025 19.541 19.541 At 31 March 2024 31,161 31.161 13 Debto 2025 2024 Trade debtors Prepayments Other debtors 5,639 11,630 1.462 10,137 1,161 18,731 P8ge 16
Colne Valley Youth and Communlty Association Notes to the Trlnaneial Statements for the Year Ended 31 March 2025 (eontinued) 14 Cash And eash equlyalents 2025 2024 Cash 8t ballk Short4erm deposits 7,411 204,999 14,263 294.006 212410 308,269 IS Credltors: anll fallkng due wlthln one year 2025 2024 Trade credito[5 Other taxation and Sla1 security Ot1 creditors Accruals Deferred incon 492 342 2,420 427 4,7(K) 7,841 826 5,528 13,014 16 Penslon and other icheDXS Defined cootrlbuth)n pen8lon h¢e The charity operates a defined contribution pension scheme. The pcnsion cost charge for the year represents contributions payable by the ¢haTity to thc scheme and amounted to £4,563 (2024- £4,568). Page 17
Colne Valley Youth and Communlty Assocfiatlon Notrs to the Thigncial Statements for the Year Ended 31 March 2025 (continued) 17 FwMI& Bxlanee At I Aprll 2024 Incomlng Balance at 31 March 2025 expeoded Unrestrlcted funds General RestrA¢ted Funds 334,758 240 34,634 12.898 (150.458) 1250 218,934 11,888 Totsl funds 334,998 47,532 151.708 230,822 Balance at I Aprll 2024 IDcomlDg r¢sour¢ Balance at 31 Marth 2025 expended RerActed funds RYA Discover Sailing Grant Qu¢¢nsmead Sailing Club 240 240 11,648 12.898 1,250 240 12.898 1 250) 11.888 BAlance ot I Aprll 2023 IncomlDg rejour B818ne¢ at 31 Mar¢h 2024 expended UDrostrletod tsDd• General 482,436 9.672 {157,350) 334.758 Re8trleted funds 240 240 Totsl fund8 482,676 157,350 334.998 B•lan¢¢ #t I Aprll 2023 B*l•n¢¢ at 31 Mareh 2024 Unrmtrkted fund$ ReBtrleted fundi RYA Discover Sailing Grant The specifi¢ purposes for which the funds are to be applied are as follow5: RYA Discor Sailing Grant- This is restricted for disabled sailin& when HOAC shut RYA said they could keep the money for when they teopeD. This funds Continue to be held. Qu¢¢Th8mead Sailing clu Donation of cash and a&%ets were received in the yvdr on the winding down of the club. The club have restricted the use of th¢ nneY for the u8¢ of maitsiDing the fleet of boats and any firture income from hiring the boats will also be restricted for this purpose. Page 18
Colne Valley Youth and Communlty Assoclation Notes to tbe Financial Statements for the Year Ended 31 March 2025 (eonthiued) 18 Analy818 of n¢t thnds At l Aprfl 2024 Flnaneing eash At 31 M*rch Ilows 2025 Cash atbaDk and in hathl 308,269 95.859 212,410 Net dd)t 308.269 95.859 212.410 19 Related party traJNaetlons There w¢re no related paty transactions in the y¢ar. Page 19
Colne Valley Youth and Communlty Assodadon Notes to the Trlnancial Ststements for the Year Ended 31 Mareh 2025 (¢onthiued) 20 Anatyjts of n¢t assets between fundj UAMtrkted Total fund• 2025 G¢ner•l Reted Tangible fixed a&%ts 13,291 225.202 19.559 6250 5.638 19,541 230,840 19.559 Current liabAlities Totsl net assets 218,934 230,822 U•re•trlrted Total fllndl 2024 G¢ner•l T8n8ible fixed assets Cnt a&8ets Current liabilities 31.161 319,327 J 5,730 31.161 319.567 15,730 Total net a88cts 334.758 334,998 Page 20