**CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** ## **CRAWLEY YOUTH AND COMMUNITY CENTRE** (A company limited by guarantee) REGISTERED NUMBER: 3317786 REGISTERED CHARTY NO: 1063751 **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31[ST] MARCH 2023** - 1 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** |**Contents**|**Pages**| |---|---| |Directors and Trustees|3| |Report of the Trustees and Directors|4-5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Financial Statements|8-12| - 2 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** ## **DIRECTORS AND TRUSTEES** Mr. M. James Mrs. M. Mayne Mrs. N.Shaw. Mr. Subodh Dharni Mr. R.A.Sharma Mrs H. Thorne Mr. I. Narayanan **SECRETARY** Mrs. L. Moffatt **CHAIRMAN** Mr M James **TREASURER** Mr I.Narayanan **HON. LIFE PRESIDENT** Mr P. Longley **HON. LIFE MEMBERS REGISTERED OFFICE** Longmere Road, Crawley, West Sussex. RH10 8ND **BUSINESS ADDRESS** Longmere Road, Crawley, West Sussex. RH10 8ND **PRINCIPAL BANKERS** CAFCASH Limited, Kings Hill, West Malling, Kent. ME19 4TA The directors and trustees present their annual report with the financial statements of the charitable company for the year ended 31[st] March 2023. ## **LEGAL AND ADMINISTRATIVE** The company (a charitable company limited by guarantee and not having a share capital) was incorporated on 13[th] February 1997. Crawley Youth Centre (CYCC) applied for and was granted charitable status. Its charity registration Number is 1063751. - 3 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** The company changed its name to Crawley Youth and Community Centre. On 6[th] December 2011. (Submission No 018-115731) The objectives of the charitable company are: 1. To help and educate young people resident in the Borough and District of Crawley through their leisure time activities and so 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 condition of life be improved. 2. To offer adult members of the community. Particularly the elderly, leisure activities to enhance their everyday lives. ## **REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS** A full review of the activities of the charity and ongoing developments is included in the 2022/2023 Annual Report. ## **FINANCIAL REVIEW** During the year, the charity booked a gross operating gain of £68,755.25 in liquid assets and depreciation in fixed assets of £3,935.00 resulting in a net operating gain of £62,964.98 shown on the statement of financial activities on page 6 of the accounts. The upward revision to premises rental charges has also contributed to the reduced operating gain in comparison to previous years. All the charity’s assets are held for the furtherance of the charity’s objectives and are adequate and sufficient to meet the charity’s obligations. ## **TRUSTEES** The trustees who served during the year who are also members of the charitable company are as follows:- Mrs. M. Mayne Mrs. H. Thorne Mrs. N. Shaw Mr. K. Panesar Mr. M. James Mr. R. A. Sharma Mrs. L. Moffat **t** Mr. I. Narayanan Mr. S. Dharni ## **TRUSTEES RESPONSIBILITIES** Charity law requires the trustees to prepare financial statements for each financial year, which give a fair and true view of the state of affairs of the charity as at the end of the financial year and of the net income or 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 - Make judgements and estimates that are reasonable and prudent - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The trustees are responsible for maintaining 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 1993. They are also - 4 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. K. Panesar has decided to retire from the Trustee / Secretary responsibilities. Trustee Laura Moffatt has been appointed as the Secretary The above report has been prepared in accordance with the special provisions 393 of the Companies Act 2006 relating to small companies. By order of the board: Secretary L. Moffatt - 5 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** ## **Summary Income and expenditure account** |Subscriptions
Received
Donations Received
Grants received
Other income
**Total incoming**
**resources**
**Resources**
**expended**
Direct charitable
expenditure
Depreciation
Administrative
Expenditure
**Net**
**incoming/(outgoing)**
**resources**|Unrestricted
Funds
|Restricted
Funds
2023
2022
Total
Total
£
£
-
-
- -
2,500.00
21,000.00
66,255.25 123,259.99
68,755.25 144,259.99
-
59,029.98
70,149.76
3,935.00
4,178.18
62,964.98
74,327.94
**5,790.27**
**69,932.05**
130,794.94
60,862.89
136,585.21 130,794.94| |---|---|---| |||| |||| |||| |**FUNDS BROUGHT**
**FORWARD**||| |**FUNDS CARRIED**
**FORWARD**||| ## **Continuing operations** Refer to Notes on Accounts items 1, 2, 3, 4 and 5 the period April 2022 to March 2023. None of the charitable company’s activities were acquired or discontinued during the year prior to the year ending March 2023. ## **Total recognised gains and losses** The charitable company has no recognised gains or losses other than those dealt with in the statement of financial activities - 6 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** |**BALANCE SHEET**
**FIXED ASSETS**
|2023|2022
£
28,473.65

107,651.11
136,124.76
5,329.82
130,794.94
130,794.94



50,794.94

80,000.00

130,794.94| |---|---|---| |
Tangible Assets
**CURRENT**
**ASSETS**
Cash and Bank

TOTAL CURRENT
ASSETS

**CURRENT**
**LIABILITIES**
NET CURRENT
ASSETS

**TOTAL ASSETS**

**REPRESENTED**
**BY:**
**GENERAL FUNDS**
**RESTRICTED**
**FUNDS**
**TOTAL FUNDS**
|£
28,106.18
109,022.86

137,129.04

137,129.04

137,129.04

57,129.04
80,000.00
137,129.04
|| The directors acknowledge their responsibility for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year March 2023 and of its profit or loss for the financial year in accordance with the requirement of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as it is applicable to the company. 5. The directors acknowledge their responsibility for ensuring the company keeps accounting records, which comply with Section 386 of the Companies Act 2006. ii. The members have not required the company to obtain an audit in accordance with section 476, of the Companies Act 2006. iii. For the year ending 31/3/2017 the company was entitled to exemption from audit under section 477 (2) of the Companies Act to small 2006 relating companies. L Moffatt ____________________________ Secretary Dated ________________ - 7 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** ## 6. **STATEMENT OF ACCOUNTING POLICIES** The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice ‘Accounting for Charities’. ## **Cash Flow** The charity has taken advantage of the exemption in Financial Reporting Standard 1 from the requirement to produce cash flow statement. ## **Donations** Donations if any received, represent actual monies received and are usually in small amounts grouped under other income. ## **Support Costs** In accordance with the Statement of Recommended Practice, support costs have not been separately disclosed on the basis that they are not easily identifiable and therefore are included in direct charitable expenditure. ## **Depreciation of Tangible Fixed Assets** Depreciation is provided at the following annual rates to write off each asset over its useful life: Plant and machinery 20% reducing balance Equipment Building Roofing 10% reducing balance Furniture 10% reducing balance - 8 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** ## **NOTES ON ACCOUNTS** ## **1. Operations during the period** During the period, the Centre has been operating to near its existing capacity. The Centre has maintained the previous year rates for Honeypots who is our long-term Customer and deferred the contractual 5% increase until conducive economic conditions permit. Similarly, the rates for Vicky’s dance school have been retained at the same levels of last year. There is steady demand from Sporting Clubs, other social organisation for use of Centre premises. Booking for Boxing sessions has been streamlined through use of online portal. The decrease in revenue is due to decrease in grants received during the period due to post COVID normalcy. ## **2. Grants from the Crawley Council** The Board is grateful to CBC for recognising the economic situation caused the lockdown and granting the Centre £2,500. The funds have helped in maintaining the Centre premises to required minimal standards. ## **3. Premises Rental** The Centre Premises is leased from Crawley Borough Council (C.B.C) at quarterly rent of £1092.50. ## 4. **Premises – building improvements/maintenance works, costs during the year April 2022March 2023** No improvements to Leasehold Building undertaken during the reporting period. 5. Restricted Funds – These funds are earmarked as initial outlay for future development of the basketball Court located outside, into a multipurpose sports hall. The discussion with the relevant stakeholders, specifically Crawley council for necessary guidance for the project development is in infant stages. ## **2. ADMINISTRATIVE EXPENDITURE** |**. ADMINISTRATIVE EXPENDITURE**|||| |---|---|---|---| |||**2023**|**2022**| |||**£**
|**£**| |Legal and Professional Fees||-
|-| |Accountancy||-
|-| |||======|======| |||0.00|0.00| |||======|======| |**. GRANTS RECEIVED**|||| |||**2023**|**2022**| |**Unrestricted**|**Restricted**|**Total**|**Total**| |£|£|£
|£| |Crawley Borough||2,500.00|21,000.00| |Council|||| ## **3. GRANTS RECEIVED** ## 7. **NET OUTGOING RESOURCES** - 9 - ## **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** |**Net outgoing is stated**|**2023**|**2022**| |---|---|---| ||**£**
|**£**| |Depreciation of fixed assets|3,935.00|4,178.18| ## 8. **CORPORATION TAX** The charity is not subject to corporation tax or any other taxes on income or gains arising from its charitable objectives. ## 9. **TANGIBLE FIXED ASSETS** ||Building Improvements|Plant &||Furniture &| |---|---|---|---|---| |||Machinery||Fixtures| |Cost:||£||| |At 1 April 2022|
21,169.63||7,304.02|3,567.00| |Additions||||| |Disposals||||| |At 31 March 2023||||3,567.00| |(Gross)|
21,169.63||7,304.02|| |Depreciation||||| |Rate||||| |10%|10%||20%|10%| |Depreciation:|
2,117.00||1461.00|357.00| |At 31 March 2023 (Nett)|
19,052.63||5,843.02|3,210.00| |Total Depreciation|3,935.00|||| - 10 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** ## **CRAWLEY YOUTH CENTRE** ## **TRUSTEES INFORMATION** **FOR THE YEAR ENDED 31 MARCH 2023** - 11 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** ## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** ## **INCOMING RESOURCES** 2023 **2022** £ **£** Grants and Donations (Note 2) 2,500.00 21,000.00 Grants Restricted Other Income /Hall Rental 66,255.25 88,639.41 **TOTAL OUTGOING RESOURCES** 70,149.76 Direct charitable expenditure 59,029.88 NET (OUTGOING/INCOMING RESOURCES) - 12 - **CRAWLEY YOUTH AND COMMUNITY CENTRE** **FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023** **__________________________________________________________________________________________** ## **DIRECT CHARITABLE EXPENDITURE** |Cleaning and Maintenance
Utilities (Gas/Electric/Water/Refuse)
Rent and Rates
Telephone / Broadband
Postage & Stationery, Bank
Charges
Boxing Club, Equipment related
Exps
Fees, Insurance & Wages
Accountancy Fees
Depreciation
**TOTAL**|**2023**
**2022**
**£**
**£**
16,386.89
24,244.94
5490.66
6,067.72
3350.80
3,277.50
1497.32
4,835.77
368.41
531.95
28,166.71
2,748.64
3,769.19
28,443.04| |---|---| ||59,029.88
70,149.56| ||3,935.00
4,178.18| ||62,964.98
74,327.74| - 13 -