REPORT OF THE DIRECTORS TO THE MEMBERS OF GREENLIGHT YOUTH CLUB LIMITED The management committee members who are also the directors of the charity for the purposes of the Companies Act present their annual report and the financial statements for the year ended 3Ist March 2025. STATUS The club is a registered charity with a company limited by guarantee status. The management committee confirm that the provisions of the charity's governing document have been complied with throughout the year under review. PRINCIPAL ACTIVITIES The principal activity of the charity is to assist young people in particular, through leisure time activities so as to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society. RESULTS AND BUSINESS REVIEW Details of the company's financial position for the ycar are shown on pages 4 to 8 of the financial statements. MANAGEMENT COMMITTEE The members of the management committee throughout the year are as follows: Albert Angell Esq. Benoit Charles Esq. Monica Lionel (Mrs) Chairperson Treasurer Member Theresa Moore (Ms) Member Joyceline Gustaves (Ms) Secretary MANAGEMENT COMMITTEE RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS The law requires us the Management Committee members to prepare the financial statements for cach year which give a true and fair view of the state of affairs of the company and of its profit and loss for that period. In preparing the financial statements, we are required to: (8) sclect suitable accounting policies and then apply them consistently (b) make iudoements and estimatar test are masconshl dad amed.mr
REPORT OF THE DIRECTORS TO THE MEMBERS OF GREENLIGHT YOUTH CLUB LIMITED (c) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. (d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and for aking reasonable steps for the prevention and detection of fraud and other irregularities should they exist. FIXED ASSETS Details of any changes in the fixed assets are shown on the attached accounts NDEPENDENT EXAMINERS Messrs Leroy Reid & Co have indicated their willingness to serve as independent examiners and a resolution c-appointing them will be proposed at the annual general meeting. BY ORDER OF THE BOARD Leine CLeares
KEPUKE UF THE INDEPENDENT EXAMINERS TO THE TRUSTEES OF GREENLIGHT YOUTH CLUB LIMITED We report on the financial statements of the charity for the year ended 31st March 2025, which ane set out on pages 4 to 8. Respective Responsibilities of Trustees and Examiners As the charity's trustees, you are responsible for the preparation of the accounts. You also consider that the audit requirement of Section 144(2) of the Charities Act 2011 (the 2011 Act) does not apply and that an independent examination is needed. Having satisfied ourselves that the charity is not subject to an audit and is eligible for independent examination, it is our responsibility to: 1) examine the accounts under section 145 of the 2011 Act i) 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 ii) to state whether particular matters have come to our attention. Basis of Independent Examiner's Report Dur examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity ind a comparison of the accounts presented with those records. It also includes consideration of my unusual items or disclosures in the accounts, and seeking explanations from you as trustees onceming any such matters. The procedures undertaken de not provide all the evidence that vould be required in an audit, and consequently no opinion is given as to whether the accounts resent a true and fair view' and the report is limited to those matters set out in the statement below ndependent Examiner's Statement n connection with our examination, no matter has come to our attention: which give us reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or to which, in our opinion, attention should be drawn in order to enable a proper
GKEENLIGHT YOUTH CLUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 3IST MARCH 2025 NCOMING RESOURCES Jonations and legacies Notes 1(b) & 2 2025 25,567 25,567 2024 13,243 13,243 RESOURCES EXPENDED haritable activities otal expenditure ict movement in funds for the year otal Funds Brought Forward otal Funds Carried Forward 4 29.732 29,732 (4,165) 179,720 8175,555 10.857 10,857 2,386 177,334 4179,720) here were no recognised gains and losses other than those passing through the statement of financial activities. The accompanying accounting policies and notes form an integral part of these financial statements.
GREENLIGHT YOUTH CLUB LIMITED COMPANY NUMBER: 02210038 BALANCE SHEET AS AT 31ST MARCH 2025 EMPLOYMENT OF CAPITAL Fixed assets Current assets Stock Cash and bank balance Notes 5 2025 174,675 150 2,624 2,714 2024 174,675 300 3,525 5,825 Current Liabilities Creditors: iet current assets ict assets lepresented by: Inrestricted fumds Amounts falling due within one year 6 (1.894) 880 €175.655 (780) 5,045 £179,720) 7 175,555 179,720 E175.555 £179,720 he directors are satisfied: that for the ycar in question the company is entitled to the exemption from audit by Section 477(2) of Companics Act 2006 that no notice has been deposited under Section 476 of the Act in relation to the accounts for the financial year he directors acknowledge their responsibilities for: ensuring that the company keeps accounting records which comply with Section 386 of the Companies Act 2006, and 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 and of its profit or loss for the financial year in accordance with the requirements of Section 394 and 395 of the Act, and which otherwise comply with the requirements of the Act relating to the accounts, so far as applicable to the company
2 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES (a) (b) (c) (d) (e) Basis of preparation of financial statements The financial statements are prepared under the historical cost convention and in accordance with the Companies Act 2006 and Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP FRS 102 and Charities Act 2011). Greenlight Youth Club constitutes a public benefit entity as defined by FRS 102. Income Grant is recorded on the accrual basis whilst donations and fundraising activities income are rcoorded on the cash basis. Depreciation Depreciation is calculated on the straight line basis at the rate of 20% per annum that is estimated to write off the assets over their expected useful lives. Fund Accounting Grants and similar income which are subject to donor imposed restrictions as to their use and related expenditure are accounted for as restricted funds. All other income and expenditure are accounted for as unrestricted. Resource Expended Charitable activities expenditure comprises expenses that are directly related to the furtheranc of the organisation's charitable activities. DONATIONS AND LEGACIES Wakefield Tetley Trust Tower Hamlets Council- Small Grants Tower Hamlets Council- Housing &: Regeneration Donations and other fundraising activitics 2025 2,500 13,346 9,721 £25,567 2024 5,000 8,243 £13,243
4 5 GREENLIGHT YOUTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 CHARITABLE ACTIVITIES Rates and water Light and heat Purchases, food and supplies Postage, stationery, printing and telephone Computer consumables Insurance Equipment, Repairs, maintenance, renewal and cleaning Travel, social activities and subsistence Hall hire Professional fees, subscriptions and donations Accountancy and examination Bank charges and interests Total expenditure FIXED ASSETS Cost Opening balance Additions Closing balance Accumulated Depreciation Opening balance Charge for the year Closing balance Net Book Value 31st March 2025 2025 479 3,234 1,239 735 86 2,281 19,538 1,096 136 900 8 29,732 Land and Buildings 174,675 174,675 2024 1,053 2,820 3,264 779 81 430 1,003 60 300 230 837 10,857 Equipment & Office Fumiture 25,229 25,229 25,229 25,229 E0 : £174,675 Total 199,904 199,90- 25,229 25,229 £174,675
6 7 8 GREENLIGHT YOUTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3IST MARCH 2025 CREDITORS FALLING DUE WITHIN ONE YEAR Sundry creditors and accruals 2025 900 61,894 UNRESTRICTED FUND Opening balance Net incoming resources for the year Closing balance 2025 179,720 (4,165) $175,535 ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible fixed assets Net current assets 2025 174,675 880 £175,555 TRUSTEES REMUNERATION AND EXPENSES No remuneration was paid to trustees in the year, nor were any expenses reimbursed to them. 2024 780 E780 2024 177,334 2,386 £179,720 2024 174,675 5.045 £179,720
GREENLIGHT YOUTH CLUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31ST MARCH 2025 INCOMING RESOURCES Grants, donations and activities 2025 25,567 25.567 2024 13,243 13,243 RESOURCES EXPENDED Direct Charitable Expenditure Cates and water -ight and heat Purchases, food and supplies Postage, stationery, printing and telephone Computer consumables nsurance quipment, Repairs, maintenance, renewal and cleaning Travel, social activities and subsistence Tall hire Professional fees, subscriptions and donations Accountancy and examination Bank charges and interests otal expenditure let incoming (outgoing) resources for the year 479 3,234 1,239 735 86 2,281 19,538 1,096 136 900 8 29,732 E(4,165) 1,053 2,820 3,264 779 81 430 1,003 60 300 230 837 10,857 12,386