WIGTON YoufH STATION LIm￿D BY GuARATr￿ COMPANY NO 4277894 CHARITY NO 1089690 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 MIINlnM •AC973HA)• COMPNNIES HOUSE WIGTON YOUTH STATION TRUSTEES REPORT Wwon Youth Station is a charitable company, limited by guarantee and was incorporated on 28 August 2001. Company Number 4277894. Charity number 1089690. The registered office and place of business is 16 High Street, Wigton, CA7 9NJ. The trustees who were trustees in the year and are still current trustees are B T Warren M Beechey M D Banks Governin Instrument The charity's objects and regulations are govemed by the constitution dated 15th August 2001 and by the Memorandum and Artides of association. The charity is formally titled Wigton Youth Station, Develo ment Activities and Achievements The purpose of the charity is to benefrt young people 11-25 years in the Wigton district %*ithout distinction of race. sex, political. religious or other opinions in effort to advance education by providing facilities for recreation, advice. information, training and participation so that they may grow to full maturity as responsible individuals physically. mentally and spiritually. The main activities are open access provision. issue-based project vnrk, community development and partnership working such as through schools, all for the benefit of young people in Wigton and the surrounding district. Projects have included crime prevention, drug and alcohol awareness, sexual health awareness, child sexual explortation. bullying prevention, residentials and environmental awareness projects. The Trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to guidan￿ on public benefit published by the Charity Commission. Financial Review Following a period of closures last year due to the Covid pandemic the club was open for the whole of the year. The company had incA)me of £81,253 (2022 £55,542) and ex￿end[tu￿ of £69,791 (2022 £75,597) increasing the total reserves from £57.467 to £68.929 of which there is £59,413 in cash balan￿s. In 2022 the￿ was £23,104 received in govemment COV￿ grants. The charity's financial position is dependent on grants and donations and the trustees have identffied the need to Secu￿ further funding through grants or contracts in order to continue the wwk of the charity. Publi it statement The Trustees have complied with the duty to have due regard to the guidance on public benefit published by the Commission in exercising our powers and duties. By order of the Trustees Brian Warren Trustee 16 High Street Wigton Cumbria CA7 9NJ Date 15 May 2023 WIGTON YOUTH STATION Inde endent examiners re Youth Station on the alxounts to the trustees of Wi ton I report on the accounts for the year ended 31 March 2023 set out on pages 5 to9. 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 of the Charities Act 2011 (the Act)) and that an independent examination is needed. It is my responsibility lo examine the accounts (under section 145 of the Act), to follow the procedures laid down in the General Directions grven by the Charity Commission under section 145(5)(b) of the Act, and to state whether particular matters have come to my attention. My examination was carrred out in accordance with General Directions given by the Charity Commissioners. 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 the trustees concerning any such matters. The pr(￿lureS undertaken do not provide all the eviden￿ that would be required in an audit, and ￿nsequentlY 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. In connection wrth my examination. no matter has ￿rne to my attention 1. which gives me reasonable cause lo believe that in, any material respect, the requirements.. to keep proper accounting records in accordance with section 130 of the Charities Act,. ar to prepare accounts which accord with the accounting records and comply wth the accounting requirements of the Charities 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 ￿8¢hed. David Moffatt ACA Chartered Accountant Windy Ridge Station Hill Wigton CA7 9BJ Date 16 May 2023 V*llGTON Y UTH STATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE A R THE Y&4R ENDED 31 MARCH 2023 OUNT vr￿StrICted Restricted Fund Fund 2023 2023 Total Funds 2023 Total Funds 2022 Noies INCOMING RESOURCES Incoming Resources from generated funds Voluntary Income Donations and Grants Govemmenl Grants Activities for ger￿aling funds Bank Interest Other income Incoming Resources from Charitable activrties Club irK¥Jme 18363 74261 50 30598 23104 1382 998 610 610 25355 55898 81253 SS542 RESOURCES EXPENDED Charrtable activities Governance costs Cosl of generating inc¢)me from charit8ble activities 11583 4910 52783 64366 4910 62410 12314 515 515 873 17008 52783 69791 75597 Nel In¢oming resour￿$ 3115 11462 -20055 Funds brought forward 3259 . 54208 57467 77522 Funds carried forward 116C 57323 68929 57467 GTON YoufH STATION ALANCE SHEET AS AT 31 MARCH 2023 Note 2023 2022 FIXED ASSETS Tangible Fixed Assets 21391 25571 CURRENT ASSETS Stock Prepayments Cash at Bank Cash on Hand 120 207 59210 203 618 47857 75 59740 48670 CURRENT LIABILITIES Amounts falling dug in 1 year Other Creditors A¢¢ruals Deferred Income 609 1833 14332 320 11024 12202 16774 NET CURRENT ASSETS 47538 31896 NET ASSETS 57467 FUND Unreslritxed Restricted Total Balance al 1 April 2￿ 3259 57467 Surplus for the year 3115 11462 Balance al 31 March 2023 116 57323 68929 The trustee's st*ment on page 7 fomis part of this ba￿9n￿ sheet. The notes on pages 8 arKI 9 fomi part of these a(£ounts. wtGTON YoufH STATION Trustees statement for ear ended 31 March 2023 In approving these financial statements as trustees of the company we hereby confirm '. (a) that for the year stated above the company was entitled to exemption from audit under Section 477 of the Companies Act 2006. (b) that no notice has been deposited al he registered office of the company pursuant to Section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2023. (c) and we acknowledge our responsibilities for rjxnplying with the requirements of the Companies Act 2006 wrth respect to accounting records and the preparation of accounts These accounts have been p￿pared in a(X0rdan￿ with the accounting policies set out tn the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and the Accounting and Reporting by Charities Statement of Recommended Practi￿ applicable to charities preparing their accounts under the Financial Reporting Standard for Smaller Entities effective July 2014. The financial ststements were approved by the Board on 15 May 2023 and signed on its behalf by. Mr B Warren Trustee WIGTON YOUTH STATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 1. Accounting Policies Basis of preparation The financial statements havg been prepared the historical Cost convontion and in aCCorda￿e with the Coffwbies Ad 2fyX. Grants and Donations These are credited in full in the year in are received rf the grant is to be US8d in the year. Income received for specrfic purwses or exwses is treated as restricted funds. Tangible Fixed Assets Oeprecialion is provided lo vKite off the cost of the assets less estimated residual value in equal inslalments over IP*ir useful economic lives. Land & Buildings 25 ye*s Equipmont Stock$ Slo¢ks arg valued al the Imr of ￿$1 and net realISab￿ value. 2. Exp•nditur6 on Charitable kts"vities Total 2023 35979 2881 1058 9470 6378 Total 2022 Unr8stric*ed Restn'cted 33899 2881 1058 Staff costs Social Seajrily Cost Pension costs Prernises costs Depreciation Relum of Grant Support for young people 1767 1704 15746 6210 1140 5238 2153 5978 11583 52783 64366 62410 The average number of employees tprds 2 {2022, 4) 3. Governan￿ Costs Staff costs Social Seojrity Cost Pension cnsls Office costs 2589 233 130 2589 233 8732 2022 4910 4910 12314 4. Tangible Fixed Assets Land Equipment Buildings Total 2D23 Total Cost At 1 April 2022 Additions 123315 $9825 2198 183140 2198 180889 2251 At 31 March 2023 123315 62023 185338 183140 Depreciation At 1 April 2022 For Year 99749 4932 57820 157569 6378 1 $0920 At 31 March 2023 104681 59 163947 157569 Net Book Value at 31 March 2023 Nel Book Value at 31 Marth 2022 2757 2005 21391 25571 25571 29 WIGTON YOUTH STATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 5 Deferred Inr 2023 11024 2022 Grants received for use in fvture periods 6. Funds Income 25355 enses Closin 11606 Unrestri(*ed General Fund 3259 17008 ESTRICTED FUNDS The Cofflmunily Fund Friday Nights Awards for All CCF Open Aecess BBC Children in Need Francis C ScL)tt Tnjst HAF Safedives Peer Mentor Hadfield Trust Warm Spot 4745 17503 13423 7371 17541 11091 4892 9495 60 9871 13046 7392 50CKJ 3982 7415 6216 25CIJ 3545 40CM) 4320 8900 6216 1485 25CXI 3545 4000 4320 TOTAL 57467 81253 69791 68929 All of the funds are used in the Fmision of ywth actrvities for young people in Wigton and the surrounding district. 7. Funds ANALYSIS OF NET ASSETS BETWEEN THE FUNDS Fixed Current Assets Assets 2403 327 Current Liabilities 1178 Cash 1¢J054 TOTAL 116C Unrestricted General Fund RESTRI TED FUNDS The Community Fund Friday Nights Awards for All CCF Open Access HAF Francis C Trust 17503 17503 13423 7371 17541 13423 7371 27130 1435 9589 1435 1485 21391 327 59413 12202 68929