REGISTERED COMPANY NUMBER: 04236016 (Engl4nd and Wvdles) REGISTERED CHARITY NUMBER: 1093213 Report ofthe Trust¢es and Flnanrl41 StatemeDts for the Year Ended 31 Marcb 2024 for Townsend Youth Partnersblp Ward Goodmart Audit Services Ltd 4 Cedar Park Ferndown Industrial Estate Wimborne Dorsel BH217SF
Townsend Youth Partllership Contents of the Financial Statements for the Ye8r Ended 31 M&r¢h 2024 PAge Report of the Truslees Report of the Independent Auditors Statement of Fin4ncl41 Actlvltles Balan¢¢ Sbett io Noles ¢0 the Flnanclal Statements 11 to 20
Toivnsend Youth Partnership (Registered number: 04236016) Report of tbe Trustee5 for the Year Ended 31 March 2024 The tru5tee5 who are also directors of the ¢h8rity for the puOseS of the Companies Act 2006, preseni their report with the rinancial slalements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financilll Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). OBJECTIVES ANI D ACTIVITIES Objectivey ¥nd aims The Charity wa5 established to provid¢ or Mssist in the provision of educational and recreational facilities for young people. Boumemouih YMCA was Ihe sol¢ tn]stee throughout the year and the Charity njns the Towisend Youth Partnership and Youth Cenlre. The objective of the charity as set oul in the constitution is: . To advance ihe educfttion of the public and irt particular those entitled to membership of the A5so¢iation in the work and aims of the Youth Centre and the benefits ofproviding recreational facilities for all young people. To provide or assist in the provision of recreational facilities for young people in the interests of Social welfare and so as to improve their conditions of life. The Trustees have had regard to Charity Commission guidance on public benefit and recognise the real need in this area of ToMTr5end. ACHIEVEMENT AND PERFORMANCE ChArltAble actlvltles I'he partnership continues lo impact on the Towisend estate providing posilive activiticb Eknd outcomes for them. TONSend Youth work provide5 a safe pla¢c for youn8 people lo go, providing p)sitivc opportunities for them lo develop personal and sociallinlerper50nal skills. During Ihe year open we had to reduce youth work sessions to only run face to facL' once a week and in addition the Children's Projcrt ntInued for the younger aged children in the area. The lelthi deliver5 discrele nort-fomal activilics including sporL8. arts and cratL5. IT and cooking. Unfortunately, we no longer have funding trom BCP Council to support the work. Ynung people arc .supported by Iraincd y(iuth work¢r5, who arc abl¢ lo advi5¢, cncouragc and work ilith y()ung people al a rili¢al lime in their lives. to maximi5e their polenlial. Toivnsend Children's Projecl ran Iwo sessions a week iviih An avcruge of 25-30 allending each session. ChattLrboxes runs once a week with two ditTerenl a8e groups for 11-18 and 18-25 year olds. They also continue to run sessions weekly via zoom, for 18-26 year olds, Young Leader5 have been helping at the Children's project and young people's sessions, &s well &$ within Chatterboxe5. Two ex-members ol Chatterboxes have worked toivards fomial qumlificatiorts in Youth Work through the AQA Unit Award Scheme and on to the Level 2 Certificate in Youth Work and volunteer with the youth sessions on Thursday5. The Home Education project which started in 2023 has continued to expand. The BCP Home Ed community now use Tow15end Youth Centre as its hub. Weekly non-formal activities are delivered by the parentlteachers with our Trainin8 and D¢velopment worker overseeing the aCedItatIon of these &cliviti¢5 through the AQA Unit Awllrd Scheme. 25 young people gained al least one certificate in a variety of subjects including cooking, arts and crafts gnd budgeting as two of the group have started up their tuck Shop. This report is a fair review of Tothmsend Youth Partnership's business and is in accordan¢¢ 1th the SORP. Page I
Townsend Youth Partnership (Registered nymber: 04236016) Report of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Financlal posltion In 202312024, the charity experienced a small deficit for the year of £7.417 and decrease in reserves to £123,461 Reserves are held for the furtherance ol the development of the tIVitIeS of Townsend Youth Partnership and its premise5 and the Charity is suptK>rted by the Bournemouth YMCA 8roup. Fin3n¢ially* the Charity has continued to generate income through ndIng grants and donations. ChatterEx)xes continued io r¢ceiv¢ funding from Reaching Communities to work with young people with disabililies, Specifically from the Townsend area as well as across Bournemouth and Poole and this enabled them to run two weekly fa¢¢ lo face sessions from Towisend. Grant funding from various Trusts were gratefvlly received and this much needed funding included. £3.000 from the Ncighbourly Community Gr&t, £1 1,669 from Garfield Weston (final part of 2 year funding), £1,500 from Halbard Trust. £4,940 from Dorsei Community Fund, £2,500 from KFC Foundaliun, £ 1,000 from AFC Bournemouth. £90 from P051code Local Tru51 (contribulion towards running Cosls plus 9 months follow), £3,383 from Percy Bilton, £250 trom More Bus. LI,500 from Anton Jur8en and £500 from Douglas Arter. YMCA Bournemouth continued to b¢ proa¢live in increasing resources to the fundraising l¢am throughout the period to ensure (he ongoing sustainability of the charity. The Lharily tmd¢rtakes its owi fundraising activities and docs not use the services of a prolessional fundraiser or commercial participator. In doin8 SO. it provides inforni&tion to individuals who express an interesi in donating lo the charity or leaving a Icgacy, bul 1¢ does not directly canvass individua15 for fundraisin8 purposes but relics on CharitablL 'I'rusts for financial support. YMCA Bournemouih 15 regisiered with thc ChartL'red Instilule of Fundraising and has produced a fundraising strategy for the future. During Ihe yegr 202312024 the charily ha5 r¢ceived no complaints in respL'Ct of the charity's fundraising activiti¢s. Expenditure in Ihe yeur was limited to essential core runnin8 CO518 With total expenditure for the year bein8 £50,709. AII rinancial commitments were met. and all compliance works complet¢d. The Tru5t¢es consider that the fin8ncial perlorniance reflects the activily undergone in thc p¢riod and wntinue lo be satisfied that future benLfils will be d¢riv¢d from Ihcm. WL Lonlinue to explore other fvndin8 and f3cility hire as a means lo ensure the work in 'l'ownsend is sustainable and conlinuc. FUTURE PLANS The Challenge lor thc future of the charity is to continue lo find ways to susiain thc work financially and cover the core costs of running ihe building and staff cost, whilsi bLing ablc to o(fcr youth rk to the local community. Ncw income slream5 need to bc continuously found as grant funding is becoming increasingly diificult to attract and this remain5 the locu5 lor 2024125, to ¢n5ure the charity can continue in the lon8 tern and can provide the benefits to the loc&1 young people in th¢ Toivnsend community. Work will conlinue under a number of SPCLific projects. e.g. work with young people with disabililies, as well as open acce55 session5 for young people and through the Children's Project. The focus going forward, and ivith a new manager, 15 to develop the team to be abl¢ to fully 5uprrf)rt young pLople paslorally. through mentoring. counselling and l.. I support, enabling young people to UP5kill, gain training and help them to 8et involved with volunteering andlor sports opportunities. In conclusion, the trustees wanl to express their immense gratitude to all Of our lund¢r5, a5 il has enabled suptKyrt lo continue to be offcred to young people throughout the whole year in one of the m05t deprived areas of Boumemouih. The trustees would also like to record our thanks to everyone involvcd and commilted to the Charity who tirele551y and 5acrificially give of themselves for the benefit of others and especially to the youth workers who have responded io the challenge5 of the year. Page 2
Townsend Youth Parthership {Registered number: 04236016) Report of tbe Trystees for the Ye4r Ended 31 MArch 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Bournemouth YMCA are the sole trustee5 of the Charity. Bournemouth YMCA is governed by its Memorandum and Articles of Association. Trnstees are elected Full Members of the Association at the Annual Gcneral Meeting. The Board of Trustees have power of co-option, up to one third ol it5 numbers during the year and such person c04)pted are eligible for election al the next AGM. A review of the major risks lo which the charity is exposed is undertaken annually and systems established io mitlgate those risks. Structure of Group Bournemouth YMCA (Company No. 3817056 and Charity No. 10787281 as the parent to Townsend Youth Partnership. Full consolidated accounts for these two entities 08 with oiher Broup rnember Pokesdown Community Youth Centre (Charity No. 301918) can be found in the accounts selOn of the Bournemouth YMCA page on the Charity Commission. Recrultment and appolntment of new trustees Board members are recruited with the assistance of a skills matrix for necd and experience required on the Board at the time. All Board members musl be Christians as per the articles beluw and are rL'LruitLd from Ihc full membership of the Associalion. Board m¢mb¢r8 are voted on to the Board at the Annual AGM meetin8 and consist ol'belween 6-12 people. Induction and tralning of new trustees 'I'rustL'c induclion proc¢durcs includL kcy documents, suppxyrt from fellow trustee5. introductions to management and front line staff, a m¢elin8 wilh other trustees, preliminary allendance of a board meL*ing. &nd invitations to mcei beneficiaries, service users, and supporters. Training includes safesuarding, GDPII health and safety ond 5pecifi¢ Irainin8 for trustees in 8reAs of govern&nce and finance. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company nvmb¢r 04236016 (Ln8land and Wales) Registered Charlty number 1093213 Registered offjce Delta House 56 We51over Road Bournemouth Dorset BH12BS Trustees RFElms C R Hartland D Williams Bournemouth YMCA M Petrauska5 S Polterton Ms E Cowley Iresigned 30.1.241 Page 3
TowDsend Youth Partnership (Registered Dymber: 04236016) Report of th¢ Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditor5 Ward Goodman Audit Services Ltd 4 Cedar Park Femdowi Industrial Estate Wimborne Dorset BH217SF STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iruslees (who are also the directors of 1 ownsend Youth Partnership for the purposes of company law) are responsible ror preparing the R¢port ofthe Trustees and the financial statcments in accordance with applicable law and United Kingdom Accountin8 Stondards (United Kingdom GenerlY Accepted Accounting Prnctice). Company law requires the Iru5tees to prepare financial statements for each financial year which give a tNe bnd fair view of lh¢ state of offairs of the charitable company and ol. the incoming resou¢5 and applicalion of resources, including the income and expenditure, of the charitable company for thal period. In preparins those financial statements, the trustees are required to select suilable accounting policies and thcn apply Ihem cunsistenily. observe the methods and principles in thc Charity SORP. make judgLmcnls and LstimatLs thal are rL'asonable and prudent. prepare the financiul 51atemenls on the going conccrn busis unless it is inappropriate to presume that the charitable company will conlinuc in business. The tru5tec5 arc responsible lor kccping proper accounting records which di5cIosc wilh reasonable aLLuraLy at any lime the rinancial position of the charitable company and to enable thL'm lo ensure ihai the financi81 staiemLnts comply with the Companies Act 2006. 'fhey are a150 rc.¥p()niiblL for &ufLguarding IhL usscls of the charitable company and hence for taking rcasonablc steps for IhL prevention and delection orrraud and othLr irre8ulari(ies. In so far as the trusi¢es are aware.. Ihere is no relcvanl audit inf0mli0n of which the ch8ri(able compvlny's ouditors are unaware; and the trustees have tsken all steps that they ought lo have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that infornation. AUDITORS 'rhe auditors, Ward Goodman Audit Sffvices Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting. Thi5 report has been prepared in a¢¢ordance Ivith the special provisions of Part 15 of the Lompanies Aci 2006 relating to small companies. Approved by order of the board of trustees on ..... Ix .1 io .l.%P*........ and signed on its behalf by.. R F Elms - Trustee Page 4
Report of the Independent Auditors to the Members of Townsend Youth Partnership Oplnlon We have audited the financial statements of Townsend Youth Partnership (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The [inclaI reporting framework that h&$ been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company'5 atTairs as at 31 March 2024 and of its incoming resources and application of re50urce5, including its income and expenditure. for the year then ended. have beLn properly prepared in accordance with United Kingdom Generally AeLepd Accounting Practice. and have been prepared in accordance with the requiremenls of the Companies Act 2006. Bllsls for oplnlon We Londucled our audit in accordance with Intsrnational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those stsndards are further described in the Auditors, re5ponsibilitie5 for th¢ audit of the financial statements section of our report. We are independent of the charilable company in accordance wilh ihe cihical requirements thal are relevant lo our audit of the financial s(alemenls in the UK. includin8 the FRC'S Ethical Sthndard, and we have rulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidencc we have obtained is sufficient and appropriate to provide a basis for our opinion. Conelu51ons relatlng to golng concern In audilin8 the financial statements, we have concluded thAt the trustees, use of the goin8 concem basis of accounting in the preparation of the financial slalements 15 appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or Conditions that. individually or collcclivclyl may casl signifiLant doubt on Ihc Charitable mPanY'S abilily to continue as a going concern for A period of at least liv¢lve months from when the financial s(al¢ments are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant Sections of thi5 report. Other Inform4tlon The trustees are responsible for Ihe other information. The other infomaiion ¢omprise5 the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infomation and, except lo the extent othetivise explicitly slated in our reporL we do not express any fomi of assurance conclusion thcreon. In connection with our audit of the financial statements, our responsibility is lo read the other intormation and, in doing so, consider whethLr the oiher infomiation is materially inconsistenl with thc financial statements or our knowl¢d8e obi8ined in the audit or otherwise appears lo be materially misstated. If we idenlify such malcrial inLollsislcncics or apparent material mis51atemenls. we are required ts> detemine whether this gives rise to a material misstatemenl in the finanLial statements Ihem5¢1ve5. If. based on the work ive have pertornied, M'e ¢on¢lude that there is a malerial misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Oplnlons on other mAtt¢rs prescrlbed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit= the inforn)ation given in Ihc Report of thc Trustees for the financial year for which the financial 5tat¢menls are prepared is con5iStenl ivith the financial 5tatcments' and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 5
Report of the Independent Auditors to the Members of Townsend Youth Partnership Matt¢r$ on which we art requlred to report by exception In the light of the knowledge and UnderStdIng of the charitable company and its environment obtained in the course of the audit, we have not identificd material missiatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accountin8 records have not been kept or returns udequate for our audit have not been received from branches not visiied by us. or the financial statements are not in agreement with the accounting r¢cords and returns. or certain disclosures of trustees, remuneration specified by laiv are not made. or we have not received all the inforniation and explanations we require for our audit. or th¢ trustees were not entitled to tak¢ advantsge of the small companies exemption from the r¢quirement to prepare Strategic Report or in preparin8 the Report of the Trustees. Responsibililie5 of Irustees As explained more fully in the Statement of Trustee5' Responsibilities, the trustees (who are also the directors of the haritable company for the purposes of company law) are responsible for the preparation of the financial statement5 and for being salisfied that they give a irue and fair view, and for such interndl cunirul as the iruslees delemiine is ne¢e&sary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial slalements. the trustees are responsible for asse&8ing the charitsble company's ability to continue a5 a going concern, disc105in8, as applicablL, matters rL.l&ted to goin8 concern and using the going concern basi5 of accountin8 unlL'SS the trustee5 either iniend lo liquidate the charitable company or lo c¢as¢ operations, or have no realistic alternatiye bul lo do 50. Page 6
Report of the Independent Auditors to the Members of Townsend Youth Partnershlp Our responsibilities for the gudit of the fmaneial statements Our objcctives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions ofusers laken on the basis of these financial statements. The extent to which our procedures are capable of detecting irre8ularities, including fraud is detsiled below: We obtained an und¢r5tandin8 of the legal and regulatory frameworks applicable to the charitable company and the sector in which they operate. We detcrniined that the follo7n8 laws and regulations were most 5ignificAnt'. the CompAnies Act 2006, the Charitie5 Act 2011. the UK CoTporate GoveTn4nce Code. We obtained an understanding of how the charitsble company are complying with those leg&1 and regulatory frameworks by makin8 inquires to the management and governance team. We corroborated our inquiries through our review or board minutes. We assessed the susceptibility ofthe charitable company's financial statemen15 to material mis5latement, including how fraud mi8hi o¢cur. Audit procedures perfomied by the engagement team included: o Identifying and assessing the design effecliveness ofcontrols management has in place to prevent and delect fraud; o UndL'rslanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influcnce over thc financial reportin8 pro¢es5' o Challenging assumptions and judgments made by mana8emenl in it5 Si8nif1¢4nt accounting es¢imates' o Identifying and Ic5ting journal ertlrie5. in particular any journal entries posted ivith Un88] ac¢ounl combinations. and o Assessing the exten¢ of compliance with the r¢l¢vant law and regulaiions. Bccau5e of the inherent limitations of on audit, there is a risk that we will not delect all irregularities, including those leadin8 lo a maierial misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wilh a law or regulalion is rcmovcd from the events and transactions rcflcctcd in the linancial stal¢menls. as we will bc less likcly to beLume aware ofinstrdllLLS olnon-complianLe. ThL risk is also 8rLater regarding irrLgularitiL'S occurrinB du¢ lo fraud rather than error, a5 fraud involves inlentional concep41ment. forgery, collusion. omi55ion or misrepresentation. A further description of our responsibililie5 for the audit of the financial st&tements is located on the Financial Reportin8 Council's website at www.frc.org.uklaudilor5re5ponsibilities. Thi5 de5¢ription fom15 part of our R¢TK)rt of the Independent Auditors. Page 7
Report of the Independent Auditors to the Members of Townsend Youth Partnership Use of our report This report is made solely lo the charitable company's member5, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit ivork has been undertaken 50 that we might state the charitable company's members those matters we are required to state to them in an auditors, report and for no other purwse. To the lullesl extent pem)itted by law. we do not accept or assume responsibility to anyone other than the charitable Company and the charitable company's members as a body, for our audit work. for this report. or for the opinion5 we have fornied. l M Rodd Bsc FCA FCCA (Senior Statutory Auditor) lor and on behalf of Ward Goodman Audit Services Ltd 4 Cedar Park l.'emdown Industrial Eslate Wimborne Dorset B11217SF Date: Pa8e 8
Townselld Youth P4rtn¢rshlp Statement of Financial Activities (Incorporating An Income and Expenditure Account) for the Year Ended 31 M4r¢h 2024 2024 Total funits 2023 Total funds Unrestricted funds Restricted fvnds Note5 INCOME AND ENDOWMEIYTS FROM Donations and legacies 25,949 4,383 30,332 55,968 Other trading activities 12,960 12,960 6,956 Total 38,909 4,383 43,292 62,924 EXPENDITURE ON Raisin8 funds 3,276 3,276 3,120 Charltable actlvltles Charitable activity 43,871 3,562 47,433 56,168 TotAI 47.147 3,562 50,709 59,288 NET INCOMEI(EXPENDITURE) Transfers between funds (8.238) 2,556 821 2,556) 17,417) 3,636 15 Net movement In funds (5,682) (1.735) {7.417) 3.636 RECONCILIATION OF FUNDS Total funds brought forward 129.143 1.735 130,878 127,242 TOTAL FUNDS CARRIED FORWARD 123,461 123,461 130,878 The notes fomi part of these financial statements Page 9
Townsend Youlh Partnership (Registered number: 04236016) Balanee Sheet 31 March 2024 2024 Total fijnds 2023 Tothl funds Unrestricted fvnds Restricted funds Notes FIXED ASSETS Tangible asse15 12 85,562 85,562 99,946 CURRENT ASSETS Debtors Cash at bank and in hand 13 469 77,183 469 77.183 289 62.781 77.652 77,652 63,070 CREDITORS Amount5 fallin8 due within one year 14 {39,753) (39,753) (32,138) NET CURRENT ASSETS 37.899 37,899 30.932 TOTAL ASSETS LESS CURRENT LIABILITIES 123.461 123.461 130.878 NET ASSETS 123,461 123,461 130,878 FUNDS Unrestricted funds Restricted funds 15 123,461 129,143 ,735 TOTAL FUIYDS 123.461 130,878 'I'hese financial statements have been prepared in acLordance with ihe provisions applicable to charilable companies subjecl lo thc small companies regim¢, The financial slatements were approv¢d by th¢ Board of Tru5te¢s and authorised for issue on and wcre signed on its behalf by: R F Elms - I'ruslee The notes form part of these financial statements Page 10
Townsend Youth Partnershlp Notes to the Fin4nci41 Statements for the Year Ended 31 March 2024 LEGAL FORM Townsend Youth Partnership is a registered charity. re8istration number 1093213. and a private wmpany (number 04236016) limited by guaran¢¢e, registered in the United Kingdom. The r¢8iSt¢red office of the charity is Delta House, 56 Weslover Road. Bournemouih. Dorset. BHI 2BS. The na¢ure of the charity's operations and principal activitie5 are described in the Trustee5 annual report. ACCOUNTING POLICIES BASIS of prep4rlng the fln4ncl41 statements The financial stalements of the chari¢able ¢ompanyJ which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {E-'RS 1021 'Accounting and Reporting by Charities: Slatemcnt of Recommended Practice applicable to charities preparing ihLir accounts in accordance with the Financial RLPOrting St&ndard applicable in the UK and Republic of Ireland (FRS 102) {efTeclive l January 2019),. Financial Reporting Standard 102 'The P inancial Reporling S(andard applicable in the UK and Republic of Ireland, and the Companies Acl 2006. The financial statements have been prep&red under the historical cost convention. These accounts are compliant with Update Bulletin l and FRS 102 Section IA. Bournemouih Youn£ Mtn's ChrlstiAn Assoclatlo These financial statements are consolidated in the financial slalements of Bournemouth Young Men's Christian Association (Charity number 10787281Company number 3817056). The financial statements of Bournemouth Young Men's Chrislian Associg4tion may be obiained from Companies House and the Charity Commission. Flnanclal reportlng standard 102 - reduced dlsclosure exemptloDS The charitable company has taken advantage of the following di5¢1osure exemption in preparin8 these financial statements, as pemiitted by FRS 102 'The Financial Reportirig Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Critlcal 4c¢ounting Jydg¢ment$ 4nd key sour¢es of eytlmthtlon uneertglnty In (he application of the charity's accounting policie5, the trustees are required to m&ke judgements, estimates and assumptions about the catryin8 gmounts of assets and liabilities that are not readily apparent from other sources. the estimates and associaled assumptions are bascd on historiLal experience and other faLtors thal are considered to be relevant. Actual results may ditTer from these estimates. ThL' LStimatLS and undLrlying assumptions are reviewed on an ongoing basi5. revisions lo accounting estimatLS are recognised in the period in ivhich Ihc estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and tUre periods. Following review of fixed assets in the year the depreciation rate has been changed from the start of thi5 period in relation to fixtures and fitting5. The new policy 15 detailed in the depreciation and amortisation accounting policy below. Income Deferred income Deferred income represents amount5 received for luture periods and is released to incoming resources in the period for which it ha5 been received. Such income is only deferred wthen.. The donor specifies that the grdnl or donation musl only be used in future accounting periods. or - The donor has imposed conditions which must be met before the Charity ha5 unconditional entitlement. Pagell continued...
Toivnsend Youth Partnership Note5 to the FinAnclal Statements - colltinued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- colltinued Ineome Other trading 4ctlvltles Fees receivable and charges for services are accounted for in the period in which the service is provided. Investment income Investment income is recognised on a receivable basis. Cboritable Actlvltles Income from charitable activities includes inrne recognised as earned (as the related goods or services are provided). Grgnts recelvable Grants (including govemment grants) are reco8nised when the charity h&8 an entitlement to the funds and any conditions linked to the grants have been mcl. Where performance conditions are attached to the grant and are yet to be met, the income is rewgni5¢d &8 8 liabilily and included on the balance sheel as deferred income to be r¢leas¢d. Expendlture Liabilities are recognised as expenditure as 500n as there is A legal or constructive obligation committing the charity to thal expenditure, it is probable Ihat a transfer ofeLonomiL benefits will bc requircd in seltlement and Ihe amount of thc obligation c8n be mcasufLd reliably. Expenditure is accounted for on an accruals basi5 and has bcen classified under headings that aggregate all cost related to the category. Where costs cannot be direcily allributed io particular headings thcy have been allocated to activities on a bo515 consistent with the use of resources. Charltable attlvltles Charitable expenditure comprises those costs Incued by the Charity in the delivery of ils activities and services for ils beneliciaries. It includes both costs Ih&t can be alloLaicd directly to such activities and those costs of an indirect nature necL5sary tu support thL'm. Governanfe costs 'I'hLSL illLlud¢ th¢ costs attributable to the Charity's compliance with constitutional and statutory requirements, including audit. strategic managL'ment and I'rustee'5 mcetings and rLimbursL'd LXPLllsL'S. Tanglble fixed assets Indii'idual fixed asscts costing £500 or morL are initially recorded 01 cost. Fixtures and fillings purchased prior to l January 2019 are depreciated on a four year straight line basis usin8 the net book value broughi forward at l January 2019. Any new additions after this date are depreciated at C05t over the usefijl economic life of the assel. All the depreciation policies for new additions from the l January 2019 are summarised below. Depreciation is provided on tangible fixed assets so as to WTite off the cost or valuation. less any estimated residual v8lue, over their expected useful economic life as follows.. Asset clASS Long leasehold Plant and machinery Fixtures and fittings Depreciation method and rate Over the term of the lease I OO/fj on cost 20Yo slraighi line Taxatio The charity 15 exempt from COoratIon tax on its charilable activities. Page 12 Continued...
TowDSeDd Youth Partnership Notes to the Flnancial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- contlnued Fund actountlnE Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the tntees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds 8r¢ raised for particular restricted purry)ses. Further explanation of ihe n&tur¢ and purpose of each fund 15 included in the notes to the financial statements. Pension costs 4nd o¢her post-retirement benefits The charitable company operales a d¢lined Contribution pension seheme. Contributions payabl¢ to the charitsble company's pension scheme are ¢harged to th¢ Ststement of FinanLial Activities in the pcriud to which thcy relate. Trade debton Trade dcbtors are amounts due from customers for merchandise sold or services perfomied in the ordinary course of business. Trade debtors are recognised initiAlly at the transaction price. They are subsequently measured at amortised cost Using the effective irtlerest method, less provision for impairnient. A provision for the impairment of trade debtors is established then there is objeLtive evidence that the Charity will not be able lo collect all amounts due according to th¢ original ternis ofthe receivables. Trade eredltors Trade creditors arc obligations lo pay for goods or 5crviccs that hav¢ bn acquired in the ordinary course of business from 5upplier5. ALcounts payablc arc classified &s current liabililie5 it. Ihe Charity docs not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at leasl twelve months P4fter the reporting dfltes. they are presented as non4urrent liabilities. Trade credilors are recognised initially at the transaction price and subsequently m¢Ured at amorti5ed cost u5in8 the etTective inlere5t method. Cash and cash equlvalents Cash and cash equivalent5 comprise cash on hand and call deposits, and other short-temi hi8hly liquid investments that are readily convertible to a known 8mount of cash and Bre subject to An insi8nifi¢8nt risk of chan8e in value. DOIYATIONS AND LEGACIES 2024 2023 Dongtions Grants 482 55,486 30,332 30,332 55,968 Page 13 continued...
Townsend Youth Partnership Notes to the Financlal Statements - continued for the Year Ended 31 March 2024 DONA TIONS AIYD LEGACIES - colllillued Grants received, included in the abov4 are as follows: 2024 2023 Youth Service Grant Neighbourly Cummunity Grant The National Lottery Community Fund Garfield Weston Halbard Trust Dorset Community Fund Grant Woodward Trust KFC Foundation Talbot Villa8e Trust Posi Code LoLg1 Trust AFC Bournemouth Percy Bilton More Bu5 Anton Jurgen Grant Douglas Arter Grant 12,000 3,000 1,654 19.993 3.655 3,690 2,500 1.994 10,000 11.669 1.500 4,940 2.500 90 1.000 3,383 250 1,500 500 30,332 55,486 OTHER TRADING ACTIVITIES 2024 2023 Leltings Subscriptions 12,960 6,000 956 12,960 6,956 IL4ISING FUNDS R4lsln% donatlons And legAeles 2024 2023 Support costs 3,276 3,120 Page 14 continued...
Townsend Youth Partnership Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CHARITABLE ACTtVlTIES COSTS Support costs (see note 7) Direct Costs Totals Charitable activity 47,383 50 47,433 SUPPORT COSTS Governance os15 Fin1¢¢ Totals Rai3inB donations and legacies Charitable activity 3,276 3,276 50 50 50 3.276 3,326 NET INCOMEI(EXPEIYDITURE) Net incomel(expendilure) is stated after chargingl(crediting): 2024 2023 Depreciation - owied assets Audit remuneration 18,675 2,730 19,003 2,600 TRUSTEESI REMUNEIL4TION AND BE]YEFITS There were no Iru5tees' MUneration or other benefits for the year ended 31 Mah 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. io. STAFF COSTS 2024 2023 Wages and salaries Oiher pension costs 3.251 228 16,164 207 3,479 16,371 The average monthly number of employees during the year iva5 as follows.. 2024 2023 Support staff No employe¢5 received emoluments in ¢x¢ess of £60.000. Pa8¢ 15 continued...
Townsend Youth Partnership Notes to the FlnaDclal Statemellts - continued for the Year Ellded 31 March 2024 io. STAFF COSTS - continued Staff costs are recharged amounts from the parent company. no employees have contracts of employment with Townsend Youth Partnership. ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricied funds Restricted lunds Tolal funds INCOME AIYD ENDOWMENTS FROM Donations and legacies 42.053 13,915 55,968 Other tr&ding activities 6,956 6.956 Total 49,009 13,915 62.924 EXPENDITURE ON Raisin8 lunds 3,120 3.120 Charitable 4etivitle$ Charitable aLtivity 55,001 1,167 56,168 Total 58,121 1.167 59.288 NET INCOMEI(EXPENDITURE) Transfers between funds (9,112) 11,013 12,748 {11,013) 3,636 Net movement In funds 1,901 1,735 3,636 RECONCILIATION OF FUNDS l-olal fund5 brou8hi forward 127.242 127,242 TOTAL FUNDS CARRIED FORWARD 129,143 ,735 130,878 Page 16 continued...
Townsend Youth Partnershlp Note5 to the Fin4ncig1 Statements - continued for the Year Ended 31 March 2024 12. TANGIBLE FIXED ASSETS Fixtures and fittings Long leasehold Totals COST At l April 2023 Additions 348,884 40,227 4,291 389,111 4.291 At 31 March 2024 348,884 44,518 393.402 DEPRECIATION At l April 2023 Charge for year 261,542 13,974 27,623 4.701 289.165 18.675 At 31 March 2024 275,516 32,324 307.840 NET BOOK VALUE At 31 March 2024 73,368 12.194 85,562 At 31 March 2023 87,342 12,604 99,946 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 469 289 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trude creditors Amounts OWL'd to group undertakings Deferred income Accrued expenses 351 5,045 30,740 3.617 (119) 2,156 26.840 3,261 39,753 32,138 Deferred income relates to grants received in the period for projects that are running in the next financial year. Page 17 continued...
Townsend Youth Partnersbip Notes to the Financial Statement5 - continued for the Year Ended 31 Mgrch 2024 15. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Townsend Equipment and Storage 128.172 971 (8,238) 2,556 122,490 971 129.143 (8.238) 2.556 123.461 Restricted funds Rcnovation Furniiure 1,735 11,735) 2,556 (2,556) 1,735 821 (2.556) TOTAL FUNDS 130,878 (7,417) 123,461 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrleted funds (icncral lund 38,909 (47,147) (8,238) Restrlcted fuDds Rcnovalion Furniture (1,735) (1.827) (1,735) 2,556 4.383 4,383 (3,562) 821 TOTAL FUNDS 43,292 (50,709) {7,4171 Comparatives for movement In funds Net movement in funds Transfers bclween funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund Townsend Equipment and Storage 127,242 (9,112) 10,042 971 128,172 971 127,242 {9,112) 11,013 129,143 Restricted funds Renovation 12,748 (11,013) 1,735 TOTAL FUNDS 127,242 3.636 130.878 Page 18 continued...
TowD5end Youth Partnershlp Notes to the Financial Statemellts - continued for the Year Ended 31 March 2024 15. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the &bove are as follows: Incoming resourcL'5 Resources Cxpended Movement in funds Unrestricted funds General fund 49,009 (58.121) (9,112) Restricted funds Renovation 13.915 (1.167) 12.748 TOTAL FUNDS 62,924 (59.288) 3,636 A current year 12 months and prior year 12 months combined position 15 a5 follows: Net movement in tunds Transfers between funds At 31.3.24 At 1.4.22 Unrestrlct¢d funds GLneral fund Townsend Equipment and SttJr8ge 127.242 (17,350) 12,598 971 122,490 971 127.242 (17,350) 13,569 123,461 Restrlcted funds Renovalion FumilurL 11,013 2,556 (11,013) (2,556) 13,569 (13,569) TOTAL FUNDS 127,242 (3,781) 123,461 A Current year 12 months and prior year 12 months combined net movement in funds, included in Ihe above are as rolloiv5: Incoming resources Resources L'xpcnded Movement in funds Unrestricted fund5 Gcncral lund 87,918 (105,268) (17.350) Restrlcted funds Renovation Furniture 13,915 4,3 83 (2,902) (1,827) 11.013 2,556 18.298 (4,729) 13,569 TOTAL FUNDS 106,216 (109,997) {3,781) Page 19 continued...
Toivn8eDd Youth Partnership Notes to the FlnAnclal Statements - continued for th¢ Year Ended 31 March 2024 Is. MOVEMENT IN FUNDS- contlnued Purposes of dtSiEnAted funds Townsend Equipment and Storage - Designated for the purchase of equipment and storage for the Youth cenlre. Purposes Dr restrie¢ed thnds Renovation - Income re5tri¢ted for renovation and related equipment for the Youth ¢entre. Furniture- Income restricled for Ihe puryjose of purchasing Sofas and Bean Bugs for the Youth Centre. Transfers between funds Transfers have been made from restricted to general funds where the restriction has been fulfilled through the purchase olcapital expenditure. 16. EMPLOYKE BENEFIT OBLIGATIONS The Charity operates a defined contribution pension plan for its employees. The amount reco8ni5ed as an expense in the period was £228 (2023 - £207). 17. ULTIMATE PARENT COMPANY Townsend Youth Partnership is a subsidiary of the parLnt charitable wmpany (dnd R¢gi5tered Social Housing Provider) Bourncmouth Young Mens Christian Association {Charily no. 10787211 and Company no. 03817056). 'I'he main objective ol. the parenl is Ihc provisic)n ol- )cIal housing, youth work, day nursLry, crcche and health and fitne55 fBcilitiC5. The parcnl is a Iruslee of Ihe subsidiary and shares the same directors, Irust¢¢s and finance team. I"hese rinancial stalcmLnts are consolidated irtto a group sct of accounts tog¢ihcr wilh (hc linanLial stalemLnls of onc oihcr subsidiary (l)okL'sdown Community Youth Ccnlrc, Lharily no. 301918). 'fhc ionsolidated financial statemenls can be round via a company search for the parcnl on the Companie5 House website. RELATED PARTY DISCLOSURES During the period the Charity made the following rL'laled pariy transa¢lion5: An intercompany accounl 15 maintained with Bournemouth Youn8 Mcns Christian Associulion (the Truslee and parent ol. Townsend Lommunity You(h PartnLrship). Al the balance sheet date the amount due to Bournemouth Young Mens Christian Association was £5,045 {2023 - £2,156). Page 20