Company registration number. 04198581 Charity regislraiion number.. 1087410 Nottinghamshire Club For Young People Ltd. (A company limited by guarantee) Annual Report and Financial Statemenls for the Year Ended 31 March 2024 Community Accounting Plus Units l & 2 North Wesl 41 Talbot Street Nottingham NGI 5GL
Nottinghamshire Club For Young People Ltd. Contents Reference and Administrative Details TTuslees' Report 2to4 Independent Examinerfs Report Statement of Financial Activities 6t07 Balance Sheet Notes to the Financial Statem¢nts 9t018
Nottinghamshire Club For Young People Ltd. Reference and Administrative Details Trustees Rachel Burton-Dyer, Chair Miriam Jackson, Vice Chair Francis Dunkley Colette Byrnne Matthew Parr Lth Woodford Senior Management Team Lisa Barker, Chief Executive Charity Registr4tion Number 1087410 Company Registration Number 04198581 Registered Office Monty Hind Training Centre Leengate Lenton Nottingham NG7 2LX Independent Examiner John O'Brien, employee of Community Accounling Plus Units l & 2 North West 41 Talbot Str¢¢t Nottingham NGI 5GL Page I
Iyottinghamshire Club For Young People Ltd. Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report logether with the financial statements of the charitable company for the year ended 31 March 2024. Trustees and officers The trustees and oificers serving during the year and since the year end were as follows.. Trustces: Rachel Burton-Dyer. Chair Miriam Jackson, Vice Chair Francis Dunkley Colette Byrnne Matthew Parr Leah Woodford Alan Williams, Treasurer (resigned 8 August 2023) John Cottee (resigned 3 April 2023) Christopher Warren (resigned 4 April 2023) Strnethre? governance and management Noiure ofgoverning dtpcupnenl The charity is a company limited by guarantee and registered Charity. It is operated under the rules of its memorandum and articles of association dated I l April 2001 and most recently updated 04 April 2024. It has no share capital and the liability of each member in the evenl of winding-up is limited to £1. Reeruilment ond appointment oflruslees For the appointment of new trustees, we do a sktlls audit of the board and actively seek to fill the identificd gaps with new trustees. An advert is placed in NCVS'S e bulletin and on our website, facebook and twitter account. The post is also shared by word of mouth. An application fom) is completed and the candidate is invited for an interview. If success[ they will be proposed at the next AGM for them to join the organisation, Objeetives and Aetivities Objects and To help young people, especially but not exclusively through leisure time activities. 50 as to develop their Capabilities thai they may grow to fiLII maturity as individuals and mernbers of so¢iety. Objeclives, slrategles and dctlvities We deliver high quality youth work experAen¢e5 and activities for young people aged l 0-30 with complex needs in Nottinghamshire which build relationships. support personal and social development, enhance employability, provide Ilfe ch3nces and ar¢ safe, inclusive and fun. Page 2
Nottinghamshire Club For Young People Ltd. Trustees, Report Aehievements and performance We have again delivered an excellent year of activities, including the holiday tiVitIeS programme whereby we have PTovid¢d a hot meal to young people on free Sch(1 meals during the s¢hool holidays. We have opened another session for young people with complex needs to grow and d¢velop. have fun and be safe. We offered a trip to Butlins for 26 young people and they enjoyed it that much that we have booked again for 35 young people. We have start¢d a new multi sports session which engages approximately 20 young people having fvn and being energetic. We hav¢ also grown as an organisation. recruiting more young people. more volunteers, n)ore staff and a new board member. We have also had some capital work done. mainly the new sports hall floor which has been greatly received from th¢ user groups and members of the community. Thanks Thanks go to our continued supporters who allow us to continue to undertake our activities. Public beneftt We are a youth organisation which provides training opportunities and personal and social development initiatives. Young people grow and develop in a safe and welcoming environment. We also provide externally funded opportunities for young people to improve their employment prospects, The tru5t¢¢s confirni that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wal¢5. Financial review Yet again we have had to delve into the building reserve fund to pay for unforeseen expendilure, for example part of a new roof, a new window and new games room flooring. This has been another tough year. Pollcy on reserves The charity aims to hold between 3 & 6 months of operating Capital in reserve (¢urrently reserves equate to 3 months operating capital). It has a policy of keeping some reserves in short terni d¢posits that can be easily accessed. Th¢ charity keeps a designated fund for the upkeep and maintenance of the building and also a designated fund for the Costs involved in closure just lo ensure that there are adequate funds remaining should the need arise. Principal nsks and uneertalndes Loss ofin¢oMe The lack of ¢ore funding opportunities is a risk to our organisation, and also the retention of groups. We hav¢ r¢l¢ased a member of staff one day per week to focus on ndIng applications. Page 3
NottÈnghamshire Club For Young People Ltd. Trustees, Report Statement of Responsibilities The trustees (who are also the directors of Nottinghamshire Club For Young People Ltd. for the pury)oses of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (Uniled Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and a¢counts have been prepared in a¢¢ordance with the provisions in the Companies Act 2006 relating to small companies. CoMpY law requires the trustees to prepare fUncIal statements for each finan¢ial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incomtng resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitsble accounting policies and apply th¢rn consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounling standards. comprising FRS 102 have been followed, Subject to any rnaterial departures disclosed and explained in the financial statements. and prepare the finan¢ial statements on the going ¢oncem basis unless it is inappropriate to presume that the ¢haritable company will Continue in business. The tNstees are responsible for keeping proper a¢¢ounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsibl¢ for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial inforniatlon included on the charitable company's website. Legislation governing the preparation and di55emination of fiTJancial statements may differ from legislation in other jurisdictions. Small ¢ompanies provision stitement This report ha8 been prepared in accordance with the small companies tEgime under the Companies Act 2006. Th¢ annual report was approved by the trustees of the charity on 20 June 2024 and signed on its behalf by: iknch-efBurton-Dyer Truste¢ Page 4
Nottinghamshire Club For Young People Ltd. Independent Examiner's Report to the trustees of Nottinghamshire Club For Young People Ltd. ('the Company,) Independent examiner's report to the trustees of Nottingh*msbire Club For Young People Ltd. ('the Company,) I report to the charity trustees on my examination of the acwunts of the company for the year ended 31 h(arch 2024. Responsibilities and basis of report As the charity's trustee5 of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in a¢¢ordance with the requirements of the Companies Act 2006 ('the 2006 A¢t'). Having satisfied myself ihat the accounts of the Company are not required to be audited uTJder Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as Carried oul under section 145 of the Charities Act 2011 {'the 2011 Act.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5Xb) of the 2011 Act. Independent examiner's stst¢ment Since the Company's gr055 income exceeded £250,000 your examiner must be a member of a body listsd in section 145 of the 2011 Act. I confirn] that l am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies. I have completed my examination. I confirni that no matters have corne to my attention in connection wlih the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or 2. Ihe accounts do not accord with those records. OT 3. the a¢¢ounts do not comply with the accounting requir¢m¢nts of section 396 of the 2006 Act other than any requirement that the accounts give a 'trne and fatr, view which is not a matter considered as part of an independent examination. or 4. the accounts have not been prepared in a¢¢ordance with the methods and principles of the Ststement of Reeommenaed Practice for accounting and reporting by ¢harities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come across no oiher matters in connection with the examination to which attention should be drawn in this report in order to enable a proper und¢r5tanding of the accounts to be reached. n O'Brien Msc, FAIA, FCCA, FCIE. employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 0810712024 Page 5
Nottinghamshire Club For Young People Ltd. Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and StatemeDt of Total Recognised Gains and Losses) Total 2024 Total 2023 Unrestricted Restricted Note Ineome and Elldowments from: Donations and lega¢ies CharAtable a¢tivities Investment income Other income 27,392 79.754 1,088 49,309 27,392 192.014 1,088 49,309 68,621 69,797 405 46,505 112,260 Total Income 157,543 112,260 269,803 185,328 Expenditure on: Charitable activities {199,659) {112,260) (311,919) (238.924) Total Expenditure Net expenditure (199.659) (112,260) (311,919) {238,924) (42.116) (42,116) (53,596) Net movement in fiinds (42.116) (42,116) (53,596) Re¢oneili4tion of funds Total fvnds brought fonvard 159,482 159,482 213,078 Total funds carried fonvard 20 117,366 117,366 159,482 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for th¢ p¢riod is shown ITJ note 20. The notes on pages 9 to 18 fonn an integral part of these financial statemenls. Page 6
Nottinghamshire Club For Young People Ltd. Statement of Financial Aetivities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These are the figure5 for the previous gccounting period gnd 2re included for comparative purpose5 Unrestricted Restricted Total funds funds 2023 Note Intome and Endowments from: Donations and legacies Charitable activities Investment income Other income 68,621 66,480 405 46,505 68,621 69,797 405 46.505 Total income 182,011 3.317 185.328 Expenditure on: Charitable activities (214,223) {24.701) (238.924) Total expenditure (214,223) (24,701) {238.924} Net expenditure (32.2121 {21,J84) (53,596) Net movement in funds (32,212) (21,384) (53,596) Rtconciliation of funds Total funds brought forward Total ndS Caled forward 191,694 21,384 213,078 20 159,482 159,482 The notes on pages 9 to 18 foTm an integral part of these financial statements. Page 7
Nottinghamshire Club For Young People Ltd. (Registration number: 04198581) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 30.670 34,886 Current assets Debtors Cash at bank and in hand 12 13 6,982 81,105 3,004 122,824 88,087 125,828 Creditors: Arnounts falling due Ivithin one yegr Net currenrt assets 14 (1,391) (1,232 86,696 124,596 Net assets 117,366 159,482 Funds of the ehxrity: Unrestrieted income funds Unrestricted funds 17,366 159,482 Total funds 20 117,366 159,482 For the finan¢ial year ending 31 March 2024 the charity was entitled to exemption from audit under seclion 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in qUe70n in accordance with section 476; and The directors a¢knowledge their responsibilities for complying with the tEquirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relatlng to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 6 to 18 were approved by th¢ trustees, and authorised for issue on 20 June 2024 and signed on their behalf by.. Miriam Jackson Trustee Th¢ notes on pag¢s 9 to18 foTm an integral part of these financial statements. Page 8
Nottinghamshire Club For Young People Ltd. Notes to the Financial Statements for the Year Ended 31 March 2024 l Ateounting policies Summary of significant accounting polities #nd key accounting estimate5 The principal accounting policies applied in the preparation of ihese financial statements are set out below. These poli¢ies have been consistently applied to all the yeS presented. unl¢ss otherwise stated. Statement of compliance The finan¢ial staternents have been prepared in a¢¢ordan¢e with A¢¢ounting and Reporting by Charities: Statement of Recommended Practice (appli¢able to ¢harities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102)) (issued in O¢tober 20191 (Charities SORP (FRS 102}), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies A¢t 2006. Basis of preparation Nottinghamshire Club For Young People Ltd. meets the definition of a public benefit entlty under FRS 102. Assets and liabilities are initially re¢ognised at historical cost or transaction value unless otherwise stated in the relevant accounting poli¢y notes. Going ¢oncerD The financial statements have been prepar¢d on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significan¢ doubl on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a P¢Tiod of one year from the date of approval ofthe financial statements. Exemption from prepAring a eash 17oiv statement Under th¢ exemption available lo smaller ¢harAlies the Board of Trustces has chosen not to include a Statement of Ch Flows within the financial statements. Incom¢ and endowments Voluntary income including donations, gifts, legacies and grants ihat provide core funding or are of a general natsre is recognised when the charity has entitlement to the income. it is probable that the income will be received and the amount can be measured with sufficient reliability. Dondtions dndlegaeles Donations are recognised when the chaTity ha5 been notified in WTiting of both the amount and settlemeni date. In the event that a donation is subject to Conditions thai require a level of perforniance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fvlly met, or the fuifilmenl of those conditions 15 wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants receivable Grants are recogni5ed when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Wher¢ perfonnance conditions are atta¢hed lo the grant and are yel to be met, the income is recognised as a liability and included on the balance sheet as def¢ed in¢ome to be released. Page 9
Nottinghamshire Club For Young People Ltd. Notes to the Finaneial Statements for the Year Ended 31 March 2024 Covernment grants Government granis are recognised based on the accrual model and are measured at the fair value of the asset received or r¢¢eivable. Grants are classified as relating either to revenue or to assets. Grants relaling to Tevenue are recognised in income over the period in which the related costs are recognised. Grdnts relating to assets are recognised over the expected use1 life of the asset. Where part of a grant relating to an asset is deferred. it is recognised as deferred income. Expenditure All expenditure is recognised once there is a legal or constructlve obligation to thal expenditure, il is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expendilure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with Genlrdl staff 05ts allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Oiher support ¢osts are allocated based on the spread of staff costs. Charitable aclivilies Charitable expenditure comprises those Costs incurred by the charity in the delivery of its activitie5 and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. TgX9tion The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK COoration tax puryoses. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Aet 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible red assets Individual fixed assets C05ting £500.00 or more are initially recorded at Cost. The main premises comprise The Monty Hind Training Centre which includes a Sports Hall. The land 15 held under a lease and the building is owned by Nottinghamshire c.lubs for Young People. The Maurice Youdell Accommodation Lodge wa5 built in 1991 and is owned by Nottinghamshire Clubs For Young People. Depreeiation and amortisation Depreciation is provided on tangible fixed assets so as to write off the Cost or valuation, less any estimated residual value. over their expected usefvl economic life as follows.. Asset class FuTniture & equipment Buildings Computer equipment Depre¢iation method and r2te 200/0 on a straight line basis 2O1ty on a straight line basis 20010 on a straight line basis Page 10
Nottinghamshire Club For Young People Ltd. Notes to the Financial Statements for the Year Ended 31 March 2024 Trade debtors Trade debtors ar¢ amounts due from customers for merchandise sold or services performed in the ordinary course of busine5S. Trade debtors are recognised initially at the transaction PTice. They are subsequently measured at amortised Cost using the effective interest method, less provision for impaimlent. A provision for the impairnient of trade debtors is established when there is objective evidcnce that thc charity will not be able to collect all amounts due according to the original ternis of the receivables. Cash and cash equivAlen15 Cash and cash equivalents ¢ornprise cash on hand and call deposits, and other short-ternl highly liquid investments that are readily convertible to a known aniount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestrict¢d income funds are general ndS that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Designated funds are unrestricted fiinds set aside for spe¢ifi¢ purposes at the discretion of the trustees. Pensions and other post retirement obligations Th¢ charity operates a defined contribution pension s¢h¢me whi¢h is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or ConstCtiVe obligation to pay thrther C4Jntributions even if the fund does not hold sufficient assets to pay all employees the benefils relating to ernployee service in the cuent and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the conlribution due for service, the excess fts recognised as a prepayment. 2 lllcome from don#tions and legacies Unrestrieled funds General Totsl 2024 TotAI 2023 Donations and legacies: I)onations from companies, trusts and similar proceeds Donations from individuals Grants. including capital grants. Government grants 25.754 .638 25,754 1.638 43,200 25.421 27,392 27,392 68.621 Page 11
Nottinghamshire Club For Young People Ltd. Iyotes to the Financial Statements for the Year Ended 31 March 2024 3 In¢tsme from charitable activities Unrestricted funds General Restricted funds Total 2024 Total 2023 Grants & donations Events & activities Training Lodge Services Sundry income 112.260 112,260 21,332 628 21,332 628 3.667 54,039 88 14.055 425 510 54.807 3,667 54,039 88 79.754 112.260 192.014 69,797 4 Inve$tJnent income Unrestritted thnds Designated General Totsl 2024 Total 2023 Interest receivable and similar Interest receivable on bank deposits 813 275 1,088 405 5 Other income Unrestricted funds GenerAI Total 2024 Total 2023 Rental incorne 49.309 49,309 46,505 Page 12
Nottinghamshire Club For Young People Ltd. Notes to the Financial Statements for the Year Ended 31 March 2024 6 Grants & donations Unreslri¢d funds Restri¢ted funds Total Youth Investment Fund (YIF) Castle Cavendish Awards for All Anonymous Sir John Eastwood Mary Robertson Trust The Whitaker Trust Louis Nicholas Trust Nottinghamshire Community Foundation (Net fund) G T Littlefayre The Maypole Trust Jessie Spencer The Cyclist Club Charities Aid Foundation The Fitton Trust Sundry grants & donations 88,776 14,063 9,421 88,776 16,063 9,421 3,200 2.000 2,000 2,000 5,000 3,089 1,990 1,356 1,000 440 300 250 2,767 2,000 3,200 2.000 2,000 2,000 5,000 3.089 1.990 ,356 ,000 440 300 250 2,767 27,392 112,260 139,652 7 Net ineominglouigoing resources Nel outgoing resources for the year include: 2024 2023 Depreciation of fixed assets 5,057 5,441 8 Fees payable to independent examiner Durlng the period, the fee5 payable (excluding VAT) to the charity's independent examiner Community Aecounting Plus are analysed a5 follows: 2024 2023 Independent examination Other financial services I,oio 968 985 825 1,978 1.810 Page 13
Nottinghamshire Club For Young People Ltd. Notes to the Financial Statements for the Year Ended 31 March 2024 9 Expenditure on chritblt activities Unrestricted funds Design4ted General Restrieted funds Total 2024 TotAI 2023 Service charges Depreciation Equipment Events & activities Insurances Fundraiser Legal & professional Lodge Maintenance & refiirbishment Volunteer expenses Printing. Stationery & postage Supplies Salaries, Nl & pension Subscriptions Sundry expens¢s Telephone Training Travel Utilities Uniforni 15 536 5,057 906 551 5.057 ,716 16,781 5,832 1,963 2,589 453 5,441 4,606 20,135 5,918 550 2.310 51 50.376 27 5,968 6,491 116.257 2,068 104 3,180 2,755 830 11,363 41 810 2,262 14,519 5,832 1,963 2,589 26.846 211 7.650 3.339 88,776 232 115,622 443 7,650 5.029 129.752 1,460 871 1,690 18,351 1.460 871 3,077 3.210 248 9,086 843 3,077 3.210 387 9.086 843 139 15 199.644 112,260 311,919 238,924 10 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff eosts during the yearwere.. Wagcs and salaries Social security costs Pension costs 124,169 111.604 2,718 1.935 2,176 129,752 116,257 Page 14
Nottinghamshire Club For Young People Ltd. Notes to the Financial Statements for the Year Ended 31 March 2024 The monthly averdge number of persons (including senior managernent team) employed by the charity during the year was as follows: 2024 2023 Average number of employees 4 {2023 - 5) of the above employees participated in the Defjned Contribution Pension Schemes. Contributions to the employee pension schemes for the year lotalled £2,176 {2023 - £1,935). No employee received ernoluments of more than £60,000 during the year. The total employe¢ benefits of the key Managllent personnel of the charity were £43,063 (2023 - £41.970). I l Tangible fixed assels Furniture and equipment Computer equipment Buildings Tot*1 Cost At l April 2021 Additions 80,000 18,767 841 1,087 99,854 841 At 31 March 2024 80,000 19.608 1,087 100,695 Depreciation At l April 2023 Charge for the year At 31 March 2024 52,800 1,600 11.298 3,240 870 217 64.968 5,057 54,400 14,538 1,087 70.025 Net book value At 31 March 2024 25,600 5,070 30.670 At 31 March 2023 27,200 7.469 217 34,886 12 Debtors 2024 2023 Trade debtors Prepayments 6,436 546 2,559 445 6.982 3,004 Page 15
Nottinghamshire Club For Young People Ltd. Notes to the Financial Statements for the Year Ended 31 March 2024 13 Cash gnd cash equivalents 2024 2023 Cash on hand Cash at bank 3.236 77,869 2,107 120,717 81,105 122,824 14 Creditors: amounts falling due within one year 2024 2023 Other creditors 1,391 1.232 15 T*xatio The charity is a registered charity and is iherefore exempt from tlxation. 16 Charity Status The charity is a company limited by guarantee and Consequently does not have share Capital. Each of the trustees is liable to contribute al) amount not exceeding £1 towards the assets of the charity in the event of liquidation. 17 Commitments Capital commitments The charity has a lease for the land on which their building stands in agreement with the Co-op for a peppercorn rent with no specified end date. The t(rtal amount contracted for but not provided in the financial statements was £Nil (2023 - £Nil). 18 Trusle¢s remuneration and ¢xpen$e$ No tNstees, nor any persons connected with them. have received any remuneration from the charity th]ring the year. No trusl¢es have re¢¢ived any reimbursed expenses or any other benefits from the Charity during the year. 19 Related party transactions There were no related party transactions in the year. Page 16
Nottinghan]shire Club For Young People Ltd. Notes to the Financial Statements for the Year Ended 31 March 2024 20 Funds Balance #t 31 March 2024 Balance at I April 2023 Incoming resources Resour¢e$ expeDded Transfers Unrestricted fuods General General Fund 65,584 156.730 (199,644) 33,000 55,670 Designaled Building & Refurbishment Reserve Fund Redundmcy & exit reserve 43.898 50.000 813 (15) (33,000) 11_696 50,000 93.898 813 (15) (33,000) 61,696 Total unrestricted fuDds 159,482 157.543 (199,659) 117.366 Restricted funds Holidays Activities Fund Employability Course Fund (Awards for All) Refurbishment (YIF) 14.063 (14.063) 9,421 88,776 (9,421) (88,776) Total restricted funds 112,260 (112,260) Tot*1 funds 159,482 269,803 {311,919) 117,366 The specific purposes for which the funds are to be applied are &8 follows= The designated Building & Refurbishment fund is kept to help with the mainlenance of the building; The RedundaDCy & Exit fund is a designaled fund kept aside to ensure that should there be a tim¢ when the charity needs to close, there are funds remaining to do so. Restricted funds consist of.. The Employability Course fund was funding from Awards for All, towards the costs of Nnning a course to help with employability. The Refurbishment fund was funding received from the Youth Investment Fund, whi¢h was used for maintenance work on the floor of the building. The Holiday Activities fund, is fiinding from Castle Cavendish to deliver holiday activity programmes. The transfer from the designated Buildings fund to the General fund was to Cover the additional costs of the building maintenan¢e work done this year. Page 17
Nottinghamshire Club For Young People Ltd. Notes to the Financial Statements for the Year Ended 31 March 2024 B41an¢e at 31 Mgrch 2023 Balance at I April 2022 Incoming resources Resources expended Trallsfers Ullrestricted funds Géner¢TI General Fund 80.207 181,606 (214,218) 17.989 65,584 Designuled Building & Refurbishment Reserve Fund Redundancy & exit reserve 61,487 50.000 405 (5) {17,989) 43.898 50.000 111,487 405 (5) (17,989) 93.898 Total unrestricted fuDds 191.694 182.011 (214,223) 159,482 R¢strieted Salaries & Activities Fund (Tuthill) Futures Fund (ESF} Refvrbishment {Anton Jurgens) 5,000 11.384 {5.000) (14,701) 3,317 5.000 (5,000) Total restricted funds 21.384 3,317 (24,701) Total funds 213,078 185,328 (238.924) 159.482 21 Analysis of net a$5ets between funds UDr¢stri¢ted 2024 Totll funds General Designated Tangible fixed a55ets Current &ssets Current liabllities 30,670 26.391 11.391) 30,670 88,087 (1.391) 61.696 Total net assets 55,670 61,696 117,366 Unrestricted 2023 Total funds General Designated Tangible flxed assets Current assets Current liabilities 34,886 31.930 {1,232) 34,886 125,828 (1,232) 93,898 Total net assets 65,584 93,898 159,482 Page 18