Registered number 04138285 Danson Youth Trust Report and Accounts 31 March 2024 Mattison & Co Accountants 70 High Street Chislehurst Kent BR7 5AQ
DANSON YOUTH TRUST Report and accounts Contents Page Contents Company Information Trustees, Report Statement of Directors' rustee5' Responsibilities Independent Exarninerfs Report Statement of Financial Activities 10-13 Balance Sheet 14 Notes to the Accounts 15-19 Detailed Statement of Financial Activities 20-21 Appendices 22-23
DANSON YOUTH TRUST Company Information Directors Anne Anderson (Nee Harrow) Maria Guest-Naharnowicz Anne Rickson Rebecca Smith Wendy Lawrence John Seal (Joined July 2023) Sue Sauter (Joined July 2023) Accountants Mallison & Co Accountant5 70 High Street Chislehurst Kent BR7 5AQ Bankers Lloyd5 TSB Bank PIC 130-132 Broadway Bexleyheath Kent DA6 7DP Registered office Danson Youth Centre Brampton Road Bexleyheath Kent DA6 7DP Reglstered number 04138285 Registered charity number 1086556
DANSON YOUTH TRUST The report of the Trustees for the year ended 31 March 2024 Introduction The Trustees present their annual report and accounts for the year ended 31 March 2024. The Board of Trustees are satisfied with the performance of the Charity during the year and the position at 31 March 2024 and consider that the Charity is in a strong position to continue its activities during the coming year, and thal the Charity's assets are adequate to fulfil its obligations. Name. Registered Office and constitution of the Charity The full name of the Charity is Danson Youth Trust. The legal registration details are=_ Date of incorporation Company Registration Number The Registered Office is Charity Registration Number The telephone number is 10 January 2001 04138285 Brampton Road. Bexleyheath, Kent DA7 4EZ 1086556 020 8303 6052 Objectives and Activities of the Charity A summary of the objectives of the Charity as set out in its governing document The Trust's objects are to help educate children. young people and families, especially but not exclusively, through leisure time activities and programmes. so to develop their physical and emotional wellbeing and capabilities. self-confidence and individual responsibility that they grow to malurity as individuals and members of society. Danson Youth Trust has successfully endeavoured to maintain good relationships wilh the local community it serves and with other external agencies. Many of the activities and achievements of Danson have been favourably reported. Public benefit that is provided by the Charity The Charity provides educational, recreational and support serrfices to children and young people in Ihe local area. The Charity also provides educational and sUPPOrtive services to the parents of the children and young people. Danson Youth Trust provides an invaluable service to the local community.
DANSON YOUTH TRUST The report of the Trustees for the year ended 31 March 2024 Structure, Governance and Mana9ement Nature of the Governing Document and Constitution of the Charity None of the Trustees had any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of winding up. All Trustees are familiar with the practical work of the Trust, being encouraged to take part in the activities. Additionally new Trustees are invited to attend an introduction led by the Management Committee and covering- The obligations of the Management Committee members The governing document Resourcing and Ihe current financial position as set out in the latest published accounts Future plans and objectives The Trustees have served during the year and held regular meetings at Dan50n Youth Centre Management Committee, which consists of Trustees augmented with co-opted members with specialist knowledge when necessary. The Trust 15 most appreciative of the excellent work performed by the Centre Manager. Joy Toghill and all the staff and volunteers who make Danson Youth centre so successful in delivering its service to the community. The Trustees have considered the major risks lo which the Trust is exposed. from the view of financial security. staff, users of the premise5 and exlernal activities. and are satisfied that systems are in place to mitigate these risks. All of the Trusl's financial resources are unrestricted and as a proportion of lolal yearly expenditure exceed 25 %. The methods adopted for the recruitment and appointment of new Trustees New Trustees are vetted and approved by the existing Board of Trustees before being appointed. Financial Review Policies on reserves It is the policy of the Trust that unrestricted funds that have not been designaled for specific use should be mainlained al a level of at least one year's expenditure. The Trustees consider that the reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue the Trust's activities for a period of at least twelve months while consideration is given to ways in which additional funds may be generated. This level of reserves has tseen maint21ned Ihroughout the year. Transactions and Financial Position The Trustees consider the financial performance by the Charity during the year to have been satisfactory. The Statement of Financial Activities show net outgoing resources for the year of a revenue nature of £95,204 (prior year £64,853). During the year under review attendances al the Danson Youth Centre by young members totalled 30,183 (13.565 boys and 16.618 girls)- The corresponding figures for 2023 were 29,584 {12,425 boys and 17,159 girl$)- The total reserves at the year-end after accounting for unrealised losses stand at £1,017,138. (prior year £1,112,342)- Free unrestricted liquid reserves amounted to £1.017.138 (prior year £1,112.342).
DANSON YOUTH TRUST The report of the Trustees for the year ended 31 March 2024 Share Capital The company is limited by guarantee and therefore has no share capital. The members of the Board of TteeS of the Charity during the year ended 31 March 2023 woro: Jean Robertson Anne Anderson. née Harrow Maria Guest-Naharnowicz Anne Rickson Rebecca Smith Wendy Lawrence John Seal {Joined July 2023) Sue Sauter {Joined July 2023) All the directors of the company are also Trustees of the Charity. and their responsibilities include all the responsibilities of directors under the Companies Acts and of Trustees under the Charities Acts. The DirectorsThrustees are all members of the Charity The members of the Board of Trustees of the Charity at the date the report and accounts were approved were". Anne Anderson, née Harrow Maria Guest-Naharnowicz Anne Rickson Rebecca Smith Wendy LawrenGe John Seal (Joined July 2023) Sue Sauter (Joined July 2023) Independent Examiner Sandra Hipwell FMAAT Maltison & Co Accountants 70 High Street Chislehurst BR7 5AQ
DANSON YOUTH TRUST The report of the Trustees for the year ended 31 March 2024 statement of Directors. and Trustees. Responsibilitles The Charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006. the Charities Act 2011 and the Charilies (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Chariliesl 2015 (as amended by the Bulletin issued in February 2016). In particular. the Companies Act 2006 and Charity law require the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity as at the end of the financial year and of the surplus or deficit of the Charity. In preparing those financial statements the Board is require to=. to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law)- select suitable accounting policies and 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 in business- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. The law requires that the Trustees must not approve the accounts unless they are satisfied Ihal they give a true and fair view of the stale of affairs of the Charity and of the surplus or deficit of the Charity for the year. The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which are sufficient to show and explain the Charily's transactions and enable them to ensure that the financial statements comply with the Companies Acl 2006 and comply with regulations made under the Charilies Acl. 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 also responsible for the contents of the Trustees, Report, and the responsibility of the independent examiner in relation to the Trustees. report is limited to examining the report and ensuring that, on the face of the report, there are no inconsi5tences with the figures disclosed in the financial statements. Method of preparation of accounts The financial statements are set out on pages 10-13. These financial statements have been prepared implementing Ihe FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) and in accordance with the Financial Reporting Standard 102 (effective 1 January 2016). These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies, regime. This report was approved by the Board of Trustees on 20 December 2024 Maria Guest-Naharnowicz Director and Trustee
DANSON YOUTH TRUST Independent Examiner's Report to the Trustees of the Charity Report of the Independent Examiner to the Trustees on the accounts of the Charity for the year ended 31 March 2024 I report on the financial statements of the Charity on pages 8 to 21 for the year ended 31 March 2024 which have been prepared in accordance with ihe Charities Act 2011 (the Act) and with the Financial Reporting Standard 102. {effective 1 January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporling by Charities) 2015 (as amended in Ihe Bulletin issued in February 2016) published by the Charity Commission in England and Wales {CCEW), effective January 2015. (The SORP), under the historical cost convention and the accounting policies sel out on page 15. Respective responsibilities of Trustees and Examiner As described on page 4, the Charity's Tiustee5, who are also the directors of the company for the purpose of company law. are responsible for the preparalion of the financial statements. The Trustees are satisfied that the audit requirements of Section 14411) of the Act do not apply and that the accounls do not require an audil in accordance wilh Part 16 of the Companies Acl 2006 and that no member or members have requesled an audit pursuant to section 476 of the Companies Act 2006, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence. the Trustees have elected that the financial statements be subjecl to independent examination. Having salisfied myself thal the Charity is not subject to audit under company law. or otherwise, and is eligible for independent examination. il is my responsibility to.. examine the accounts under section 145 of the Act- to follow the procedures laid down in the General Directions given by the Charity Commission under section 145{5)(b) of the Act-. and to state whether particular matters have come to my attention. b) Basis of opinion and scope of work undertaken I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England and Wales setting out the duties of an independent examiner issued by the Charity Commissioners under section 145(5)(b) of ihe Act in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting record5 kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements present with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as Trustees concerning such malters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP. on a test basis. of evidence relevant to the amounts and disclosures in the financial statements. Thè procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Truslees in the course of the examination is not subjected to audit tests or enquires, and consequenlly I do not expres5 an audit opinion on the view given by the financial slaternent, and in particular. l express no opinion a5 to whether the financial statements give a true and fair view of the affairs of the Charity and my report is limited lo the matters sel out in the statement below. I planned and performed my examination so as to satisfy myself that the objective of the independent examination is achieved and before finali5ing the report. l obtained written assurances from the Trustees of all material matters.
Independent Examiner's Statement. report and opinion Subject to the limitations upon the scope of my work as detailed above. in conne¢lion with my examinalion, I can confirm thal the accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006: the gross income of the Charity in the year ended 31 March 2024 appears to exceed the sum specified in seclion 145(4) of the Act, namely £250,000 and that l am qualified to act as independent examiner in accordance with that section by virtue of my being a qualified member of Association of Accounting Technicians (AAT)- this is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection 145(5)(b) of that section which may be applicable., and that, no matter has come to my attention in connection with my examination which gives me reasonable cause lo believe that in any material respect the requirements have not been met- to keep accounting records in accordance with Section 386 of the Companies Act 2006 and Section 130 of the Charities Act 2011- to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and The Charities Act 2011 and- have been prepared in accordance with the requirements of Seclion 396 of the Companies Act 2006 and with the methods and principles set out in the FRS 102 Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2016) Or to which. in my opinion attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached- The Examiners relevanl professional qualification or body is.. Association of Accounting Technicians (AAT) Sandra Hipwell FMAAT Mallison & Co Accountants 70 High Street Chislehurst Kent BR7 5AQ The date upon which my opinion is expressed is 20 December 2024
DANSON YOUTH TRUST Statement of Financial Activities For the year ended 31 March 2024 Unrestricted Funds Restricted Funds Total Funds Previous year Total funds 2024 2024 2024 2023 Incoming resources Incoming resources from generated funds Voluntary income Activities for generating funds Investment income 11.280 11.280 313,265 1,595 27,365 20.118 318,356 95 313,265 1.595 Rental income less expenses COVID grants 27.365 22,260 Totsl incoming resources 342,225 11,280 353.505 360,829 Costs of charitable activities 435,629 1.800 11,280 446.909 1,800 424.282 1,800 Governance costs Total resources expended 437.429 11.280 448,709 426.082 Net incoming resources before transfers between funds Gross transfers betweend funds Net incoming resources before (95.204) (95,204) (64,853) other recognised gains and losses (95,204) (95,204) 164,8531 Other recognised gains and losses Net movement in funds (95,204) (95.204) {64,853) Reconciliation of funds Total fund brought forward 1.177.195 1,177.195 1,177,195 Total tunds carrièd forward 1.081.991 1.081.99 1,112,342 The net movement in funds referred to above is the net incoming resources as defined in the SORP and is reconciled to the total funds as shown in the Balance Sheet on page 14 as required by the SORP. It is assumed that the restricted funds received during the year are spend through the charitable activites and Ihal no balance is carried forward. All activities derived from continuing operations. The notes on pages 15- 19 ft)rm an integral part of these accounts. io
DANSON YOUTH TRUST ststement of Financial Activities For the year ended 31 March 2024 Income and Expenditure Account as required by the Companies Acts 2024 2023 Turnover 324,545 338,474 Direct costs of tumover (446,909) (424.282) Gross surplus l (deficit) 1122,364) 185,808) Govemance costs (1,800) (1,800) Operating SUTplus l (defi¢it) 1124.164} 187,608) Interest receivable 1.595 95 Rental income 27,365 22,660 Covid grants Surplus on Ordinary activities before tax (95.2041 164.8531 Tax on profit Retained surplus for financial year (95,204) 164,853) The notes on pages 15 to 19 form an integral part of these accounts li
DANSON YOUTH TRUST Statement of Financial Activities Statement of Total Recognised Gains and Losses For the year ended 31 March 2024 2024 2023 ExsS of Expenditure over income before realisation of assets (95,204) (64,853) Profil per Profil and Loss account (95,204) 164,853) Net movement in funds before taxation (95,2041 {64.853) Movements in revenue and capital funds For the year ended 31 March 2024 Unrestricted funds Restricted Funds 2024 Last year Total Funds Revenue accumulated funds Total Funds 2024 2024 2023 Accumulated funds brought fOard 923.301 923,301 988,154 Recognised gains and losses before Iransfers Closing revenue accumulated funds (95,204) (95,204) 164,853) 828,097 828,097 923,301 Total funds 2024 Last ear Total Funds 2023 Designated revenue funds At 1 April 189.041 189.041 Al 31 March 189,041 189.041 The purposes for which the designated funds have been established are described in the notes lo the accounts. The notes on pages 15 to 19 fomi an intergral part of these accounts. 12
DANSON YOUTH TRUST Statement of Financial Activities For the year ended 31 March 2024 Restricted Funds Summary of funds Designated funds Unrestricled funds Total Funds Last year Total Funds 2024 2024 2024 2024 2023 Revenue accumulated funds 828.097 828.097 923,301 Revenue designated funds 189,041 189,041 189,041 189.041 828.097 1.017,138 1,112,342 The statement of chamges in resources applied for fixed assets for Charity use is shown in the notes to Ihe accounts. The notes on pages 15 to 19 form an intergral part of these acocunts. 13
DANSON YOUTH TRUST Company number 04138285 Balance sheet as at 31 March 2024 2024 2023 Fixed assets Tangible assets 747.842 493,522 Current assets Debtors 4,714 326,804 331.518 Cash as bank and in hand 693,932 693.932 Creditors: amounts falling due within one year (62.222) (75.112) Net current assets 269,296 618.820 Net assets 1.017,138 1.112.342 The fund of the charity Unrestricted income funds unrestricted revenue accumlated funds designated revenue funds 828.097 923,301 189,041 189,041 Total charity funds 1.017,138 1.112,342 The SORP reference indicated above is the classrfication of Balance Sheet items as set out in the fomial SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA The trustess are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordan with section 476 of the Act. The trustees acknowledge their responsibilities for complying wth Ihe requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordan with the special provisions applicable to companies subject lo the small companies, regime. The profit and loss account has not been delivered to the Registrar of Companies. Maria Guest-Naharnowicz Director and Trustee Approved by the board on 20 Dember 2024 14
DANSON YOUTH TRUST Notes to the Accounts for the year ended 31 March 2024 Accounting policies Basis of preparation of the accounts The accounts have been prepared on the accrual basis, under the historical cost convention. and in accordance with the Financial Reporting Standard 102 (effective 1 January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 {as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW), effective January 2016, (The SORPI, and in accordance with all applicable law in the Charity's jurisdiction of registration, except that the Charity has prepared the financial statements in accordan with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities ) 2015 {as amended by the Bulletin issued in February 2016) in preference to the previous SORP, the SORP 2005, which has been withdrawn, nOlthstanding the facl that the extant statutory regulalions, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. Accounting convention The financial statements are prepared on a going concern basis. under the historical cost convenlion, as modified by the revaluation of freehold land and buildings and [ed asset investments. Incoming Resources Incoming reSOurS are accounted for on a receivable basis deferred as described below where appropriate. Where income is received in the year but has been designated for future use it will be carried forward and accounted for as income in the following year. Except as described under the 'Defeed Incorne, accounting policy, all grants. including grants for the purchase of fixed assets. are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Investment Income Rental income is included in the income and expenditure account net of colleclion charges on a re1vable basis. Bank interest received is included on an actual receipts, basis. Deferred Income In accordance with the SORP. grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met. and which are outside the control of the Charity or where it is uncertain whether the conditions can or will be met. are deferred on an accrual's basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts. Recognition of liabilities Liabilities are recognised on the accrual's basis in accordance wilh nornial accounting principles, modified where necessary in accordan with the guidance given in the SORP. 15
DANSON YOUTH TRUST Notes to the Accounts for the year ended 31 March 2024 Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which is not recoverable, and is reported as part of the expenditure to which it relates. Governance Costs Govemance costs include those incurred in the governan of the Charity and its assets and are primarily associated with constitutional and statutory requirements. Allocation of costs within types of resources expended The methods and principles for the allocation and apportionment of all costs beeen the different activity categories of fesources set oul above are.. Unrealised and realised gains Realised gains and losses are included in the accounts on the date at which a contractual obligation is entered into. Unrealised gains and losses are computed by referen to the market value of the investments at the balan sheet dale, compared to the brought forward cost or valuation. and gains and losses arising on similar categories of investments are netted off. Taxation As a registered Charity. the cornpany is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities. Finance and operating leases Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred. Funds structure policy The Charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the Trustees in furtherance of the objeds of the Charity- Such funds may be held in order to finance both working Gapital and capital investment. There is no fomial policy of transfer between funds or on the allocation of funds to designated funds, other than that described above. Any other proposed transfer between funds would be considered on the particular circumstances. Recognition of pension costs and pension assets and liabilities Employees of the Charity are entitled to join the Local Govemment Pension Scheme and Teachers, Pension Scheme as appropriate which are funded by contributions from the employees and the Charity. 16
DANSON YOUTH TRUST Notes to the Accounts for the year ended 31 March 2024 Winding up or dissolution of the Charity If upon winding up or dissolution of the Charity there remain any assets. after the satisfaction of all debls and liabilities, the assets represented by the accumulated fijnd shall be transferred lo some other charilable body or bodies having similar objects to the Charity. Surplus for the financial year 2024 2023 This is stated after crediting: Revenue Turnover from ordinary activities 324,545 338.474 and after charging-. Independent Examinerfs Fees 1,800 1,800 Funds belonging to the Charity have nol been used for the purchase of insurance lo protect the Charity from loss arising from the neglect or defaults of its Trustees. efflployees or agents. or to indemnify its Trustees. employees or agents, against the consequences of any neglect or default on their part. Detsiled analysis of certain transactions reqUId by the 2005 revision to the Statement of Recommended Practice lor Accounting and Reporting issued by the Charity Commisstoners for England & Wales {effe¢tive April 2005 and revised May 2008) Various items of support costs and charitable expenditure which are required by the SORP to be disdosed in the notes to the accounts are set out in the Detailed Schedule to the Statement of Financial Activities and its appendices on pages 2110 23, which should be read together with these noles. Investment Income 2024 2023 Bank deposit interest received 1.595 95 Residential Properties Following the purchase of two residential propertles in the Bexleyhealh area in the 2018 accounts. these have. as intended, produced a regular rental income. These properties are shown in the balance sheet at purchase price which is a150 considered to be similar to the current markel value. During the year a further residentail property was purchased for the purpose of producing a regular rental income. 2024 2023 Rental income during the year Agents commissions and charges Net rental income 29,648 {2.283) 26.300 (3,6401 22,660 27.365 17
DANSON YOUTH TRUST Notes to the Accounts for the year ended 31 March 2024 Deferred Incoming Resources and Reserves- Restrictsd Funds As in the previous year there are no defed items to report. Trustees. remuneration Neither the Trustees nor any persons connected with them have received any remuneration, either in the Gurrent year, or the prior year. Alternatively, no Trustees or persons connecled wth them, other than those shown above. received any remuneration. Creditor5: amounts falling due within one year Trade creditors & AccNed expenses 2024 62,222 62,222 2023 75,112 75,112 Analysis of the Net Movement in Funds Net movement in funds from Statement of Financial Aclivities 2024 2023 95.203 64.948 10 Particulars of Individual Funds and analysis of assets and liabilities representing funds Unrestricted Designated Restricted funds funds funds Total funds At 1 April 2023 Fixed Assets 493,522 504,891 493,522 693,932 Cuent Assets 189.041 Current Liabilities {75,112) (75.112) 923,301 189,041 1,112,342 Unrestricted funds Designated funds Restricted funds Totsl funds At 31 March 2024 Fixed Assets 747,842 142.477 747,842 331,518 (62.222) Current Assets 189,041 Current Liabilities {62,222) 828,097 189,041 1,017,138 Funds at 2023 Movement in funds Transfers between Funds at 2024 The individual funds included above are: All weather pitch fund Members, project fund Minibus renewal fund 80.OCM) 8,765 20.000 40,276 20.000 80,000 8.765 20,000 40.276 20,000 848,097 Building extension fund Computer development Sundry, including redundancy liability 943,301 (95,204) 1.112.342 (95,204) 1,017.138 18
DANSON YOUTH TRUST Notes to the Accounts for the year ended 31 March 2024 Analysis of movements in funds as shown in the table above Incoming Resources Outgoing Resources Gains & Losses Movement in funds Sundry 353,505 448,709 {95,204) All weather pitch fund A fund designated for the refurbishment of the tmst's existing all weather pitch. Members. project fund - A fijnd designed for monies raised by members including the boxing fund. Minibus fvnd - A fund set up by the Trustees for the eventual replacement of the centre's minibus. Building fund - A fund designed in respect of the * storey extension at the rear of the centre. Computer development A fund set up to assist wth the upgrade and replacement. 11 Endowment Funds The Charity had no endowment funds in the year ended 2024 or in the year ended 2023. 12 Share Capital The Charity is incorporated under the Companies Acts and is limited by guarantee each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter. There are 7 members of the company (2023- members) 19
DANSON YOUTH TRUST Schedule to the Statement of Financial Activities for the year ended 31 March 2024 Status of this schedule to the Statement of Financial Activities This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Slatement of Recommended practi for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However it is not part of the statutory accounts required under the provisions of the Companies Act 2006 in relalion to incorporated charities. Unrestricted Funds 2024 Restricted Funds 2024 Total Funds Prior Period Total Funds 2023 2024 Incoming Resources Incoming Resources for generaled fvnds. Incoming resources of a revenue nature - grants, donations and legacies. Grants and Donations J P Foundation IT Project London Borough of Bexley Govemment Business Grant Covid Grants 5.500 5,500 4,500 5,780 5,780 15,618 Total Voluntary In¢ome 11,280 11.280 20,118 Activities for generating funds Youth activites Community Other 109.609 175.605 28,051 109,609 175,605 28,051 113.119 180,325 24,912 Total of activities for generating funds 313,265 313,265 318,356 Investrnent Income Rental income Bank deposit interest received Total Investrn9nt Income 27.365 1.595 27,365 1.595 22,660 95 28,960 28.960 22.755 Total Incoming Resources 353,505 361,229 Charitable Expenditure Support costs of chartlable activites. Management and administration costs in support of charitable activites. Other support cosls Charitable actitivites Building costs General supports costs Office costs 312.853 105.463 687 18.425 11,280 324.133 105.463 687 18,425 318,848 89.015 1,495 14,925 Total support cots 437,428 11.280 448,708 424.283 Support costs for grants paid. Costs reallocaled from Charity support Costs Totsl Expended on Charitable Activites 437.428 11.280 448,708 424,283 20
DANSON YOUTH TRUST Schedule to the Statement of Financial Activites for the year ended 31 March 2024 Status of this schedule to the Statement of Financial Activities This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. revised June 2008. However it is not part of the statutory accounts required under the provisions of the Companies Act 2006 in relation lo incorporated charities Unrestricted Funds Restricted Funds Total Funds Prior Period Totsl Funds 2024 2024 2024 2023 Govemace costs that are not direction management fvnds inherent in generation fLtnd, Servi delivery and programme or project work. Specific governance costs Independent examinerfs fees 1.800 1.800 1.800 Total govemance costs 1,8Crf) 1.800 1,800 The basis for the allocation of costs as shovm above is explained in the accounting policies and the notes to the account. 21
DANSON YOUTH TRUST Appendix 1 Analysis of total incoming and outgosng resources by activity for the year ended 31 March 2024 2024 2023 Total Total Incoming resources from generated funds Voluntary income Activities for generating funds Investment income Rental income 11,280 313.265 1,595 27.365 20.118 318,356 95 22,660 Other incoming resources- COVID grants Total incoming resources 353.505 361,229 Costs of ¢haritable a¢tivities {446,909) (1.800) {424,282) (1,800) Govemance costs Total resources expended {448,709) (426,082) Net incoming resour¢es by a¢tivity {95.204) 164,853) 22
DANSON YOUTH TRUST Appendix 2 Analysis of total support costs by activty for the year ended 31 March 2024 2024 2023 Tolal Total Nature of support costs Youth activiles 324,133 105,463 687 318,848 89.015 Building costs General support costs Office costs 1,495 14,925 18.425 Total support costs analysed by activity 448.708 424,283 The above amounts are shown in the accounts as Support costs for charitable aclivites 448.708 424,283 The basis of allocation of costs and the melhods used are described in note 1 to the accounts. 23