The 393 Club
(Registered Charity, No. 1061045)
Financial Statements
for the year ended 31 March 2024
| Contents | Page |
|---|---|
| Trustees' report | 2-4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 |
The 393 Club
Trustee report
Trustees
Mark Brine Chair Adrian Abdulla Vice Chair Sandy Glossop Walleed Al-Amrie Treasurer
Management Committee
Mark Brine Adrian Abdulla Sandy Glossop Walleed Al-Amrie Young Advisor Representative Student Representative
Registered office
393 Langsett Road Sheffield S6 2LJ
Independent examiner
Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL
Bank
Yorkshire Bank 1A peel Square Barnsley S70 2PL
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The 393 Club
Trustees' report continued
The Trustees present their annual report and financial statements for the year ended 31 March 2024 which are also prepared to meet the requirements for a trustees' report and accounts for the Charities Act purposes.
The financial statements comply with the Charities Act 2011, the Constitution and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards for Smaller Entities.
Structure, governance and management
The charity is operated under the rules of its trust deed dated on 19 May 1989, amended 27 November 1996 and was entered on the Register of Charities effective from 3 March 1997.
Aims & Organisation
The Charitable Trust is constituted by trust deed, and its objects are to help educate young people between the ages of 8 and 21 mainly in the Hillsborough and Walkley areas of Sheffield, through leisure time activities, so as to develop their physical, mental and spiritual capacities, in order that they may grow to full maturity as individuals and members of society and their conditions of life may improve.
The policy of the Charitable Trust continues to be to seek additional finance andf support to continue the 393 Club. There have been no changes to this during the year.
Achievements and performance
Unfortunately as a organisation we posted a loss of £6783 which was due to increased staffing cost to work with the ever increasing and demanding needs of the youth sector. It is our aim to ensure we secure funding for the work we do in the community and for the young people of the area via the youth club. We have continued to provide services to many user groups and also kept the youth club running 3 nights a week plus we have participated in many activities and trips outside the youth clubs which include a residential to Cumbria, outdoor pursuit activities and fun trips such as bowling, laser quest, trampolining and go karting all of which are heavily subsidised (90% on average) or are provided free of charge to the members. We are extremely proud that we can give young people from deprived areas the opportunities there peers are fortunate enough to have provided by families. All this comes at a cost and we have had to increase the staff to meet theses additional pressures.
Many groups rely on the 393 Club to keeps its doors open so they can deliver vital services to the community as well as supporting a youth club that has been in operation since the 1950’s.
As a committee we are driven to ensure that the 393 keeps its doors open and provides this service as it is now more important than ever to keep community buildings open serving the community.
We are still the permanent home of the Boys and Girls clubs of South Yorkshire as well as other various groups.
Reserves Policy
It is a policy of the charity to achieve unrestricted funds, which are the free reserves of the charity, which are used for the benefit of the charity’s work. Restricted reserves are maintained which are specifically used for the purpose laid down by the donor.
It is the aim of the Trustees to maintain unrestricted funds equivalent to 50% of the annual expenditure in unrestricted activities, although at present the difficult financial situation means that further work is required to meet this objective.
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The 393 Club
Trustees' report continued
Trustees responsibilities for the financial statements
Charity law requires the trustees to prepare financial statements for each financial period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to:
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q select suitable accounting policies and apply them consistently;
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q make judgements and estimates that are reasonable and prudent.
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q prepare the financial statements on the going concern basis unless it
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is inappropriate to presume that the charity will continue in operation.
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q state whether applicable accounting standards of recommended
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practice have been followed subject to any departures disclosed and explained in the financial statements.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to prepare financial statements. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
This report was approved by the Trustees on ______ and is signed on their behalf by:
Trustee_____
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The 393 Club
Independent examiner’s report to the trustees of
The 393 Club
I report on the accounts for the year ended 31 March 2024, which are set out on pages 6 to 8.
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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
q examine the accounts under section 145 of the 2011 Act;
q 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
q to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the 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 you as 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 matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
q to keep accounting records in accordance with section 130 of the 2011 Act; and q to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:______
Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL
Date:______
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The 393 Club
Statement of Financial Activities for the year ended 31 March 2024
| Notes Incoming resources Grants 2 Rentals Other Total Incoming resources Resources expended Staff costs Activities Premises Insurance Building maintenance Accountancy Bank charges Total resources expended Net receipts/(payments) Fund balances brought forward Fund balances carried forward |
Total funds 2024 £ 24,211 10,046 107 34,364 28,347 3,601 6,241 1,511 1,264 160 22 41,147 (6,783) 19,949 13,166 |
Total funds 2023 £ 14,550 11,344 436 |
|---|---|---|
| 26,330 | ||
| 14,549 1,851 5,546 1,388 839 160 - |
||
| 24,334 | ||
| 1,996 17,953 |
||
| 19,949 |
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The 393 Club
Balance Sheet as at 31 March 2024
| 2023 Notes £ Current assets Cash at bank and in hand 13,326 Total current assets 13,326 Creditors: amounts falling due within one year 3 (160) Net current assets/(liabilities) 13,166 Total assets less current liabilities 13,166 Net assets 13,166 Represented By FUNDS Unrestricted income fund 13,166 13,166 This report was approved by the Trustees on ____ their behalf by: |
2022 £ 20,109 20,109 (160) 19,949 19,949 19,949 19,949 19,949 __ and is signed on |
|---|---|
Trustee
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The 393 Club
Notes to the accounts
for the year ended 31 March 2024
1 Accounting policies
- (a) Basis of preparation The Financial Statements have been prepared in accordance with the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 (effective from January 2015 and updated with effect from January 2016) - (the Charities SORP (FRS102)), as modified for smaller charities.
The Charity meets the definition of a public benefit entity as defined under FRS102.
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(b) Grants, including grants for the purchase of fixed assets, are recognised in full in the Income and expenditure account when they are receivable.
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(c) Expenditure is recognised in the period in which costs are incurred.
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(d) Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.
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(e) Restricted funds are to be used for specific purposes as laid down by the donor.
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(f) The charity receives the benefit of work carried out by volunteers of which no value is placed in the accounts.
| 2 Grants BBC Children in Need Brelms Trust CIC Garfield Weston Foundation Sheffield City Council Tramlines Trust 3 Creditors: amounts falling due within one year Creditors |
2024 £ 17,096 5,850 - 1,265 - 24,211 2024 £ 160 160 |
2023 £ 500 5,850 7,500 - 700 |
|---|---|---|
| 14,550 | ||
| 2023 £ 160 |
||
| 160 |
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