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2021-03-31-accounts

Company Registration Number 04201736

Smethwick Youth & Community Centre Limited

A Company Limited by Guarantee

Financial Statements

31 March 2021

Charity Number 1090529

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Financial Statements

Year Ended 31 March 2021

CONTENTS PAGE
Report of the directors/trustees of the charity 1�10
Independent Examiner’s Report 11�12
Statement of Financial Activities (incorporating the Income and
expenditure account)		 13
Balance sheet 14�15
Notes to the financial statements 16�24

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Report of The Directors/Trustees of The Charity Year Ended 31 March 2021

The directors of the charity, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements of the charity for the year ended 31 March 2021.

Reference and Administrative Details Details
Registered charity name : Smethwick Youth & Community Centre Limited
Charity registration number : 1090529
Company registration number
:		 04201736
Registered office and
Operational address : Trinity Point
1 Trinity Street
Smethwick
West Midlands
B67 7AA
The Directors of the Charity :

The directors of the charity who served the Company during the year were as follows:

Humraaj Singh Shergill (Chairperson)
Bhervinder Singh (Vice�Chairperson)
Randeep Singh Basra (Treasurer)
Jatinder Singh Basi (Director)
Amarjit Singh Mann (Director)
Balbir Singh Bhajam (Director)
Parbinder Kaur (Director)
Gurpal Singh (Director)
Harjinder Singh Malhi (Director)
Secretary :Harjinder Singh Malhi
Other co3opted members :Chuhar Singh Dhariwal
Auditors :DAS, Chartered Accountants
6thFloor AMP House
Dingwall Road
Croydon
CR0 2LX
Bankers :Barclays Bank Plc
Leicester
LE87 2BB

313

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Report of The Directors of The Charity (Continued) Year Ended 31 March 2021

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 19 April 2001 and registered as a charity on 11 February 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and Appointment of the Directors of the Charity

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as directors of the charity. Under the requirements of the Memorandum and Articles of Association, there must be a minimum of nine trustees. The trustees must consist of not less than five representatives from the management committee of the Guru Nanak Gurdwara, High Street, Smethwick and not less than four members of the charity, elected at the annual general meeting, three of whom shall be young people representatives (at least 1 being female and 1 between the age of 18 and 25) and one elderly user. One third of the longest serving trustees are subject to retirement by rotation at the annual general meeting.

Some of the trustees are expected to retire at the next Annual General Meeting by Rotation and offer themselves for re�election.

New trustees will be appointed, if the number of remaining trustees is less than the required minimum under the Articles of Association.

Public Benefit

We have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set.

Risk Management

The trustees confirm that the major risks to which the charity is exposed have been reviewed and systems have been established to minimise those risks. The trustees have implemented a risk management strategy which comprise:

323

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Report of The Directors of The Charity (Continued) Year Ended 31 March 2021

Organisational Structure

The centre has nine trustees who meet quarterly to consider the strategic direction and performance of the charity. The trustees work under the stewardship of Humraaj Singh Shergill as Chairperson to ensure the charity maintains its strategic direction and is managed in a professional manner.

The management team present the trustees at the meeting with strategic planning reports, such as financial reviews, project feedback reports, schedule of planned activities for the future and any other issues which require the attention of the trustees.

Related Parties

The charity has been set up under the leadership of Guru Nanak Gurdwara (GNG) High Street, Smethwick with particular emphasis on serving and supporting the whole community of Sandwell and Smethwick. It is a requirement of the Articles of Association that trustees’ positions are reserved for the President and the General Secretary and three other members of the management committee of the GNG. There is no doubt that the charity benefits immensely from the inspirational support and voluntary leadership provided by the members of the GNG.

SYCC Mission, Vision and Aims & Objectives Mission Statement

To develop a multi�agency and cross sector resource centre particularly for the Sikh�Punjabi community in Smethwick

That provides a one�stop solution to

SYCC's Vision

Incorporate a holistic approach to a multiagency facility in the heart of Smethwick Town Centre (High Street) that will enable it to deliver services and provide access to resources across communities and across disciplines

Bridge the skills divide between the local communities and provide a supporting pathway that develops user confidence and promotes access of mainstream provision.

SYCC'S Aims & Objectives

SYCC's mission as explained above is to foster and support the development of individuals, groups and organisations within the Sikh Punjabi community, in particular, tenants living in or around Smethwick Whilst it will provide its services for all local people and has an open door, non� judgemental policy, it will have as its ultimate aim to address the needs of the Sikh Punjabi community

This community is an ethnic group that has often been left behind in terms of employment and educational opportunities, affordable quality housing, access to health and social services, as well as a lack of specific voluntary support structures, strategic� representation and political influence.

333

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Report of The Directors of The Charity (Continued)

Year Ended 31 March 2021

SYCC's aim is to redress this balance through providing one�stop services for the target community to access work, education, health, housing and services locally. Its capacity and scope have been widened through strong support and partnerships locally.

Key Achievements:

SYCC’s main achievement recently has been its battle through the Covid�19 pandemic; having had to change its entire operation. We changed our nursery operation to ensure the safety of children and parents having had to restrict parental access to the building, take temperature checks, regular hand washing, additional cleaning and re�writing our policies and procedures. As with our projects we have had to work through limiting access, safety distanced activity, temperature checks and instigating safety measures, such as safety screens. Although all of this has come at a cost, the staff and clients have all worked together and a positive service has been maintained with minimal disruption.

SYCC Nursery:

Children on Roll:

Over 50 children presently on roll at GNG Nursery

Children who have moved on to school:

31 Children left GNG Nursery in July 2021 to attend Nursery school / Reception class

Staff Members:

18 staff members in total

Parental Engagement :

SYCC Projects

As regards to project activities in the past year SYCC has achieved the following:

Health

SYCC has engaged with over 250 adults and young people on its Health activities this year.

SYCC provides Yoga classes on Tuesday’s and Thursday’s to over 60 people annually.

SYCC runs Healthy Walking Sessions on Friday’s for its users. This is attended by 40 people annually.

SYCC has delivered Healthy Cooking sessions to over 60 people.

SYCC has engaged with 75 young people in football activities in West Smethwick Park and Harry Mitchell Leisure Centre.

343

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Report of The Directors of The Charity (Continued) Year Ended 31 March 2021

Employment

SYCC has provided Employment support for over 200 people. Each client receiving a CV and job search support.

SYCC delivered basic ICT training through the UK Online project to over 150 people.

Learning

SYCC delivered informal language classes to over 40 people

Through our Youth funding (11 to 19 years old) we have assisted over 50 young people.

SYCC has provided accredited first aid training to 20 young people.

We have delivered Basic Food & Hygiene Level 2 to 10 adults.

Poverty Reduction

The total number of Welfare and Benefits advice sessions throughout the year was over 1550. The total number of claims made on behalf of the clients was over 80.

We have participated in a food donation scheme where individuals have been able to pickup fruit and vegetables from our centre to support them through the pandemic.

SYCC supported 80 individuals with getting online and completing their Council Tax Reduction Scheme application.

SYCC supported 50 individuals with their Universal Credit applications.

353

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Report of The Directors of The Charity (Continued) Year Ended 31 March 2021

FINANCIAL REVIEW

Transactions and Financial Position

A summary statement of financial activities for the year is shown on page 13 of the accounts. This shows that during the year, total income of £373,937 was received and after expenditure a net deficit of £19,247 was debited to reserves. The deficit includes a charge of £61,236 which represents current 12 months of depreciation on the leasehold property. The trustees have changed the accounting policy on depreciation as it is felt this is more likely to give a true and fair view.

Reserves policy and funds in deficit

It is the policy of the trustees to maintain six months’ running costs. The reserves at 31 March 2021 totaled £482,490, however cash held only amounted to £289,235.

There are a number of funds in deficit, including the building works fund and nursery fund. The trustees are in the process of reviewing and rationalizing the funds.

Principal Funding Resources

The principal funding resources during the year were GNG Welfare Fees, Baron, Edwards, DWP, HPCL_Employments, Worker education, Consortium, Midshire, Steps, NEF, ELT, Booking, PAYP, STP, UK Online and Sports.

Investment Policy and Returns

Under the memorandum articles of association, the charity has the power to make any investment, which the trustees see fit.

The investment policy has been to choose the best deposit account available that will give high interest for the organisation and also to choose the most flexible current account for efficiency in daily transactions.

It is the policy of the trustees to maintain six months running costs sufficient to ensure that continued operation of the charitable company's activities. The organisation wishes to maintain sufficient cash flow for known commitments.

SYCC Strategic Direction

Performance – Even in this difficult economic climate, SYCC will continue to maintain its high level of performance and quality of its service delivery.

Productivity – SYCC will become more productive by creating efficiencies internally and through the use of engagement tools such as social media and better use of technology including management information systems.

Processes – Through reviewing all processes SYCC will maintain its level of quality delivery, this will ensure SYCC retain the MATRIX quality standard.

People – The essence of SYCC is our people, those being staff and the clients. We will strive to invest in our people; at a strategic level this includes investment in senior management and training for trustees. At an operational this involves equipping staff with the tools to meet their full potential.

363

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Report of The Directors of The Charity (Continued) Year Ended 31 March 2021

Participation – SYCC will strategically align itself with the governments Localism agenda, focusing on encouraging active participation with local members of the community.

SYCC are Here to HELP:

SYCC is now working under a new core strategy.

We will support people on their steps to success:

----- Start of picture text -----
Health
Employment
Lifelong Learning
Poverty Reduction
----- End of picture text -----

SYCC are here to “HELP”

SYCC aim to “ HELP ” the local community through their strategy which provides support in the following areas: “ H ealth”, “ E mployability”, “ L earning” and “ P overty reduction”.

Health: SYCC provide Health facilities suitable for people of all ages and backgrounds by providing the following activities:

The provide health services aimed at the local community to reduce health risks. Furthermore, SYCC wish to tackle common dangers including depression and stress. With many in the area working long hours therefore struggling to find time to exercise, SYCC will “HELP” through providing a combination of everyday healthy living. This includes physical exercise through cardio workouts and valuable knowledge through healthy cooking.

373

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Employability:

Employability opportunities received through SYCC enables clients to enhance their employability chances. We create unemployed clients a CV which will allow them to apply to jobs; providing a steady income and reducing poverty. Moreover, the centre provides support on searching and applying for jobs online.

Learning:

Gaining a higher level of education will allow the individual to become more employable as they have extended their skills and knowledge. More career opportunities will be available. Furthermore, adults can help their children with homework which they perhaps cannot provide support for at the moment. The Youth Club provides afterschool activities which encourages the young individuals to interact with one�another and socialise. Many of these young people may not be able to socialise with each other at school in this way. The basic computing provides both learning and enhancing employability; as many jobs require I.T. skills. Finally, with SYCC’s new nursery opening, we wish to provide young children with the right steps in their learning pathway. We hope to provide them with opportunities that they may not receive elsewhere. With the high waiting lists in the area to get a child into a nursery, we feel that this opportunity will reduce the wait and raise the chances of a child starting within the applicable year.

Poverty Reduction:

Over 30% of Sandwell's 309,000 populations live in relative poverty. This includes 32% of children under 18 and increasing numbers of children and adults with health and disability needs. Our welfare advisor provides assistance with welfare problems which people living in the local community face within their life.

Together with the combination of Health, Employability & Learning – SYCC will contribute towards Poverty Reduction within the local area.

383

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Report of The Directors of The Charity (Continued) Year Ended 31 March 2021

Linkages within the “HELP” strategy

By improving Health, it will increase Employability chances. Stress levels will be reduced allowing a clear pathway to strive in ones career.

Health, Employability & Learning together will contribute toward a reduction in Poverty.

----- Start of picture text -----
Employability
chances will be
boosted
through a
higher level
of attained
Learning.
----- End of picture text -----

Learning will help individuals to gain valuable skills to eliminate Poverty within households.

By SYCC providing “HELP” we are able to create a strong relationship with our community in Smethwick and meet individuals needs. By providing multiple services to our community SYCC will “HELP” Smethwick develop into a more prosperous place to live.

With improved Health, one can strive to become employed and reach their personal and career goals. It will help them to manage their time and reduce stress and depression. Physical exercise will clear their mind and stop them from sinking into an unhealthy lifestyle. The new skills and knowledge obtained from learning will contribute toward employability; as one will be able to use what they have learnt in practise. Employability opportunities provided by SYCC will aim for the individual to work toward a higher income, supporting themselves and their family. With the combination of health, employability, learning, and the welfare advice given from SYCC, it will work towards poverty reduction.

393

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Report of The Directors of The Charity (Continued) Year Ended 31 March 2021

Responsibilities of The Directors of The Charity

The directors of the charity are responsible for preparing the Report of the directors of the charity and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors of the charity to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.

In preparing these financial statements, the directors of the charity are required to:

The directors of the charity are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006. The directors of the charity 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

In so far as the directors of the charity are aware

This report has been prepared having taken advantage of the small companies’ exemption in the Companies Act 2006.

Signed on behalf of the directors of the charity�

x

Humraaj Singh Shergill (Chairperson).

Date: ...............................

3103

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Independent Examiner's Report to the members of Smethwick Youth & Community Centre Limited.

Year Ended 31 March 2021

I report on the accounts of the charity for the year ended 31 March 2021 which are set out on pages 13 to 24.

Respective responsibilities of trustees and examiner

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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently 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.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

3113

Smethwick Youth & Community Centre Limited A Company Limited by Guarantee

Independent Examiner's Report to the members of Smethwick Youth & Community Centre Limited.

Year Ended 31 March 2021

x

……………………………..…..

DAS, Chartered Accountants 6[th] Floor AMP House Dingwall Road Croydon CR0 2LX

Date: .............................

3123

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Statement Of Financial Activities (Incorporating

The Income and Expenditure Account)

Year Ended 31 March 2021

Note
INCOMING RESOURCES
Incoming resources from generated
funds :
Voluntary income
Activities for generating funds
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Charitable Activities and Governance Cost
4
TOTAL RESOURCES EXPENDED
NET RESOURCES EXPENDED
TOTAL FUNDS BROUGHT FORWARD
AT 1ST APRIL 2020
Prior Year Adjustments
7
TOTAL FUNDS AT 31ST MARCH 2021
RECONCILIATION OF FUNDS
Total Funds Brought Forward
Less :
Prior Year Adjustments
Total net activity for the year
Total Funds Carried forward
2		 Unrestricted
Restricted
Total
Total
Fund
Fund
Fund
Fund
31st March
31st March
31st March
31st March
2021
2021
2021
2020
£
£
£
£
171,418
125,255
296,673
296,127
77,264
!
77,264
197,069
248,682
125,255
373,937
493,196
(245,523)
(147,659)
(393,184)
(533,799)
(245,523)
(147,659)
(393,184)
(533,799)
3,159
(22,404)
(19,247)
(40,603)
(114,511)
616,248
501,736
542,340
!
!
!
!
(111,352)
593,844
482,490
501,737
Unrestricted
Restricted
Total
Total
Fund
Fund
Fund
Fund
31st March
31st March
31st March
31st March
2021
2021
2021
2020
£
£
£
£
(114,511)
616,248
501,736
542,340
!
!
!
!
3,159
(22,404)
(19,247)
(40,603)
(111,352)
593,844
482,490
501,737

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities.

> 13 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Balance Sheet

Year Ended 31 March 2021

Note
FIXED ASSETS
Tangible Assets
7
CURRENT ASSETS
Debtors & Prepayments
8
Cash at Bank & In Hand
CREDITORS: Amounts due within one year
9
NET CURRENT ASSETS
CREDITORS: Amounts falling due after more
than one year
NET ASSETS
FUNDED BY
Accumulated Unrestricted Income funds
11
Accumulated Restricted Income funds
10
TOTAL		 2021
£
173,631
22,549
289,235
311,784
(2,925)
308,859
!
482,490
(111,353)
593,843
482,490		 2020
£
245,335
33,621
225,344
258,965
(2,563)
256,402
!
501,737
(114,511)
616,248
501,737

For the year ending 31 March 2021 the company was entitled to examption from audit under section 477 of the companies Act 2006

The Trustees/Directors have not required the company to obtain an audit in accordance with section 476 of the companies Act 2006

The Trustees/Directors acknowledge their responsibitly !

> 14 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Balance Sheet

G of the state of affairs of the charitable company at the end of each financial year in accordance with the requirements of Sections 394 and 395 which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company

The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and the Financial Reporting Standard for Smaller Entities, 2008.

These financial statements were approved and authorised for issue by the members of the committee on the ………………… and are signed on their behalf by :

x

…………………………………

Humraaj Singh Shergill

(Chairperson)

> 15 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Notes To The Financial Statements

Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of Accounting

The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities, effective April 2008, the Statement of Recommended Practice “Accounting and Reporting by Charities” issued in March 2005 (SORP 2005) and the Companies Act 2006.

Cash flow statement

The directors of the charity have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the Company is small.

Fixed assets

All fixed assets are initially recorded at cost

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows

Office Equipment ! 20% on Reducing balance method.
Fixtures & Fittings ! 20% on Reducing balance method.
Leasehold Property ! 5% on cost
Improvements to
property ! 5% on cost

Income recognition

Income is recognized when the charity is entitled to it, there is reasonable certainty that it will be received and it is measurable.

Expenditure and liabilities

Expenditure and the related liabilities are recognised at the point that there is an obligation on the charity to transfer economic benefits. Expenditure include any VAT which cannot be fully recorded, and is reported as part of the expenditure to which of relates to charitable and governance cost.

Apportionment of costs

Costs are applied on a fair basis to the various projects, keeping in mind that certain projects are based on delivery of outputs, therefore costs are allocated to the fund to reflect the fact that the outputs have been delivered.

Funds

Restricted funds are recognised when a donor specifies that the funds are to be spent for a particular purpose. All other funds are classified as unrestricted.

> 16 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Notes To The Financial Statements

2
VOLUNTARY INCOME
Unrestricted
Fund
31st March
2021
£
Donations
Miscellaneous
!
GNG Nursery Fees
77,264
Grants receivable
BMET
!
Youth Interfaith Club
!
DWP
!
HPCL_Employments
!
Welfare
!
Worker Education
!
Consortium
65,936
RSA Insurance
!
Steps
!
NEF
ELT
!
Child care invest me
!
Booking
!
EYPP
!
STP
!
Core Cost
!
UK Online
!
Good Things Foundation
!
Prior period adjustement ! NEF/ELT
HMRC JRS Grant
59,233
Covid Grant
46,249
EYSFF
248,682
3
INCOME OF CHARITABLE ACTIVITIES BY FUND TYPE
Unrestricted
Fund
31st March
2021
£
Donations/Collections
!
GNG Nursery Fees
77,264
Employment
Adult Education
Child Education
Youth
Health
Consortium
65,936
Prior period adjustement ! NEF/ELT
!
HMRC JRS Grant
59,233
COVID GRANT
46,249
EYSFF
248,682		 Restricted
Fund
31st March
2021
£
!
!
39,204
19,398
17,875
(17,124)
65,902
125,255
Restricted
Fund
31st March
2021
£
!
58,602
!
(17,124)
65,902
107,380		 Total
Fund
31st March
2021
£
!
77,264
!
!
!
!
!
!
65,936
!
!
39,204
19,398
!
!
!
!
!
!
17,875
(17,124)
59,233
46,249
65,902
373,937
Total
Fund
31st March
2021
£
!
77,264
!
!
58,602
!
!
65,936
(17,124)
59,233
46,249
65,902
356,062		 Total
Fund
31st March
2020
£
!
197,069
!
!
!
!
593
!
95,003
!
!
145,496
5,325
!
!
!
!
!
49,710
!
493,197
Total
Fund
31st March
2020
£
!
197,069
!
!
150,821
!
49,710
95,596
!
493,196

> 17 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Notes To The Financial Statements

4 GOVERNANCE & CHARITABLE COST

Wages & Salaries
Staff pension costs
Staff training
Rent & Rates
Insurances
Light & Heat
Cleaning & Toiletries
Repairs & Renewals
Printing, Postage & Stationery
Advertising & Promotion
Telephone
Community Engagement Activities
Motor & Travel (Staff Volunteer)
Tuition Fees
Professional Charges
Accountancy Fees
Audit fees
Bank interest & Charges
Sundries
Donations
Subscription
GNG Nursery expenses
Depreciation		 Unrestricted
Funds
2021
£
151,192.3
2,381
340
!
!
!
3,497
808
!
66
!
!
!
!
!
!
!
!
6,075
150
1,835
7,475
71,704
245,523		 Restricted
Funds
2021
£
64,797
1,021
!
1,598
3,267
7,928
2,015
1,155
10,346
!
5,005
158
!
!
40,631
3,036
2,304
146
1,991
1,500
262
500
!
147,659		 Total
31st March
2021
£
215,989
3,402
340
1,598
3,267
7,928
5,512
1,964
10,346
66
5,005
158
!
!
40,631
3,036
2,304
146
8,066
1,650
2,097
7,975
71,704
393,184		 Total
31st March
2020
£
315,839
4,707
645
2,386
3,663
5,524
7,027
19,363
8,999
!
5,087
155
1,016
!
42,815
3,036
2,304
270
22,208
7,998
1,903
6,064
72,790
533,799

5 NET RESOURCES EXPENDED FOR THE YEAR

This is stated after charging:
Depreciation
Auditor's remuneration:
! audit of the financial statements		 2021
£
71,704
2,304
74,008		 2020
£
72,790
2,304
75,094

> 18 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Notes To The Financial Statements

6 STAFF COSTS AND EMOLUMENTS

Total staff costs were as follows:
Wages and salaries
Social security costs		 2021
£
208,395
7,594
215,989		 2020
£
301,048
14,791
315,839

Particulars of employees:

The average number of employees during the year, calculated on the basis of full!time equivalents, was as follows:

Project manager
Finance officer
Fundraising
Charitable activities
Administration and support		 2021
No
1
1
20
5
1
28		 2020
No
1
1
4
17
1
24

No employee received emoluments of more than £60,000 during the year Nil (2020 ! Nil).

The trustees received no remuneration or expenses, either directly or indirectly from the charity.

> 19 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Notes To The Financial Statements

Year Ended 31 March 2021

7 TANGIBLE FIXED ASSETS

COST
1st April 2020
Additions
As at 31st March 2021
DEPRECIATION
1st April 2020
Charge for the year
As at 31st March 2021
Net Book Value
1st April 2020
1st April 2021		 Improvements
to property
£
122,616
!
122,616
82,680
6,130
88,810
39,936
33,806		 Equipment
£
53,218
!
53,218
47,176
1,208
48,384
6,042
4,834		 Fixtures &
Fittings
£
160,120
!
160,120
144,468
3,130
147,598
15,652
12,522		 Leasehold
Property
£
1,224,713
!
1,224,713
1,041,008
61,236
1,102,244
183,705
122,469		 Total
£
1,560,667
!
1,560,667
1,315,332
71,704
1,387,036
245,335
173,631

The leasehold property comprises land and buildings. The land was leased from Guru Nanak Gurdwara (GNG) Smethwick, for a term of ten years until 5th April 2013. No depreciation was charged until 31 March 2013, on the grounds that the lease would be renewed for the foreseeable future. The trustees now feel that it is more prudent to depreciate the property, and this has been charged on the basis that the original lease was intended to run for twenty years. Thus the property is now shown at cost less 18 years’ depreciation.

The trustees had and will continue to allow Smethwick Youth & Community Centre to use the premises for charitable purpose for foreseeable future until being informed otherwise.

> 20 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Notes To The Financial Statements

Year Ended 31 March 2021

8 DEBTORS

Trade debtors
Sandwell Metropolitan Borough Council
Furlough Grant
Prepayments
Other debtors (Lyreco)
Other debtors (Midshire Communications Limited)
CREDITORS: Amounts falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accrued expense
Pension contributions		 2021
£
12,635
8
6,591
3,138
77
100
22,549
2021
£
!
2,120
154
!
651
2,925		 2020
£
29,759
8
!
3,677
77
100
33,621
2020
£
!
1,598
154
811
2,563

9 CREDITORS: Amounts falling due within one year

> 21 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Notes To The Financial Statements

Year Ended 31 March 2021

10 ACCUMULATED RESTRICTED INCOME FUNDS

Notes Bal b/fd Income Outgoing Balance at
1st April Resources Resources 31st March
2020 2021
Restricted Funds:
SYCC Building works (638,808) 147,659 (786,466)
Core 4,500 4,500
UK Online 215,403 ! 215,403
Child care invest me 35,922 35,922
Youth Interfaith Club 6,900 6,900
Steps 62,965 ! 62,965
PAYP 9,576 9,576
Baron 800 800
Edwards 1,000 1,000
DWP 13,520 13,520
HPCL_Employments 12,000 12,000
GNG Welfare 24,000 24,000
Worker Education 1,490 1,490
Midshire 3,581 3,581
NEF 593,844 39,204 633,048
ELT 261,838 19,398 281,236
Sports 7,715 7,715
Good Things Foundation 17,875 17,875
EYSFF 65,902 65,902
Prior period adjustement ! NEF/ELT (17,124) (17,124)
Total Restricted Funds 616,248 125,255 147,659 593,843
11 ACCUMULATED UNRESTRICTED INCOME FUNDS
Bal b/fd Income Outgoing Balance at
1st April Resources Resources 31st March
2020 2021
SRB4 798 798
SRB6 (17,289) (17,289)
SRB6 e 10,750 10,750
IAG 44,514 44,514
AXA (1,580) (1,580)
HMRC online filing income 250 250
Childrens Fund 153 153
Dudley College 91,911 91,911
South Birmingham College 7,250 7,250
Other Unrestricted Income 20,204 ! 20,204
SYCC Income 2,699 2,699
Private Tution 3,124 3,124

> 22 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Notes To The Financial Statements

Year Ended 31 March 2021

IDS!Donation
GNG Income ! Nursery
Birmingham Chamber of Commerce
C & C
Computer
Room Hire
IFA
Donation
Citizen
DAF2 Training
Digital
BuddyUp
NLDC2
NLDC3
Sandwell College
WNF3
WNF_R&D
WNF4_ESOL_Phase1
WNF4_ESOL_Phase2
PAYP
Calibre
SFVYO
WNF_EMP
Big Lottery ! Advice Services Fund
BMET
Consortium
SCOLL
STP
Booking
HMRC JRS Grant
Covid Grant
Total Unrestricted Funds
Total Funds		 6,688
6,688
(959,409)
77,264
245,523
(1,127,668)
1,425
1,425
13,599
13,599
405
405
2,442
2,442
4,975
4,975
4,915
4,915
3,139
3,139
10,873
10,873
2,000
2,000
18,000
18,000
3,764
3,764
5,647
5,647
17,302
17,302
189,560
189,560
13,500
13,500
4,014
4,014
12,124
12,124
7,542
7,542
1,076
1,076
1,500
1,500
8,746
8,746
57,500
57,500
3,440
3,440
280,318
65,936
346,254
2,400
2,400
4,667
4,667
550
550
59,233
59,233
46,249
46,249
(114,511)
248,682
245,523
(111,353)
501,737
373,937
393,184
482,490

12 COMPANY LIMITED BY GUARANTEE !

Smethwick Youth & Community Centre is a company limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

> 23 >

Smethwick Youth & Community Centre Limited A Company Limited By Guarantee

Notes To The Financial Statements

Year Ended 31 March 2021

13 RELATED PARTIES

As disclosed in the Trustees’ Report, Guru Nanak Gurdwara (GNG) Smethwick, a registered charity, is the main related party, as a set number of trustees of the charity are required to be selected from the GNG committee. The charity leases land from GNG, as disclosed in the note on fixed assets. The terms of the lease include a peppercorn rent. No rent was paid during the period. An amount of Nil (2020: nil) was contributed by SYCC to the share of Light and heat.

> 24 >