**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:
- an annual review of the risks which charity may face
- establishment of systems and procedures to mitigate those risk identified in the plan and �the implementation of procedures designed to minimise any potential impact on the charity
**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
- **REDUCE** social deprivation & exclusion, low levels of skills, social isolation, crime and drug misuse,
- **RAISE** educational standards;
- **IMPROVE** health, employment opportunities, household incomes and,
- **SUPPORT** SME business regeneration and diversification pathways leading to vibrant community regeneration and strengthening of the local neighbourhood
## **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 :**
- Nursery has created a parent engagement group involving parents from each room to provide feedback and suggestions
- Health and well�being sessions for staff and parents started w.c 20.09.2021. Very good feedback given from parents who attended sessions
- One of our parents has started yoga sessions with children once a month
- 2 – 5 year olds have incorporated meditation and yoga into their daily routine
- Food donations by parents for Harvest to go towards the local church
- Children have been visiting environments within the local community, the allotments, the Gurdwara, lions of the great war statue and the church (This promotes British Values and Cultural capital)
## **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.
- **Health** (i.e. gym packages, sports)
- **Employment** (i.e. employment packages i.e. creating CV’s)
- **Lifelong Learning** (i.e. tuition; literacy, youth services)
- **Poverty Reduction** (i.e. welfare advice)
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:
- Yoga for women
- Exercise machines on a drop�in basis
- Weightlifting
- Football sessions
- Karate sessions
- Community Walks
- Healthy cooking
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**
- **Report of The Directors of The Charity (Continued) Year Ended 31 March 2021**
## **Employability:**
- CV’s
- Job search
- Basic Computing through UKOnline Centres
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:**
- English classes
- Basic Computing
- Youth Club
- Nursery
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:
- select suitable accounting policies and then apply them consistently,
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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
- there is no relevant audit information of which the charity's auditors are unaware, and
- the directors of the charity have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
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:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **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:
- 1 which gives me reasonable cause to believe that, in any material respect, the requirements:
-
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and with the methods and principles of the statement of recommended practice; accounting and reporting by charities have not been met; or
**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**
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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 !
- G for complying with the requirements to keep accounting records of Sections 386 and 387 of the Companies Act 2006
- G with respect to accounting records and preparation of account, as to the surplus or deficit to give a true and fair view of the charitable financial status
**> 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 >**