Company registration number: 04236016 Charitable company registration number: 1093213
Townsend Youth Partnership
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2025
Ward Goodman Audit Services Limited 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
Townsend Youth Partnership
Contents (continued)
| Trustees' Report | 1 to 6 |
|---|---|
| Independent Auditors' Report | 7 to 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the Financial Statements | 12 to 24 |
Townsend Youth Partnership
Trustees' Report
The trustees, who are also directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 April 2024 to 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
Objects and aims
The Charity was established to provide or assist in the provision of educational and recreational facilities for young people. Bournemouth YMCA was the sole trustee throughout the year and the Charity runs the Townsend Youth Partnership and Youth Centre.
The objective of the charity as set out in the constitution is:
• To advance the education of the public and in particular those entitled to membership of the Association in the work and aims of the Youth Centre and the benefits of providing 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 Townsend.
Page 1
Townsend Youth Partnership
Trustees' Report (continued)
Achievements and performance
Charitable Activities
The partnership continues to impact on the Townsend estate providing positive activities and outcomes for them. Townsend Youth work provides a safe place for young people to go, providing positive opportunities for them to develop personal and social/interpersonal skills.
During the year we continued to run youth work sessions every Thursday evening with up to 30 attending each week and in addition, the Children’s Project continued for the younger aged children in the area. The team delivers non-formal activities including sports, arts and crafts, IT and cooking.
Young people are supported by trained youth workers, who are able to advise, encourage and work with young people at a critical time in their lives, to maximise their potential. Townsend Children’s Project runs once a week with two sessions with around 10 children attending the 5- 8 year old sessions and 25-30 attending the 8-11 year olds session each week. Chatterboxes runs once a week with two different age groups for 11-18 and 18-26 year olds. They also continue to run sessions weekly via zoom, for 18-26 year olds.
Young Leaders have been helping at the Children’s project and young people’s sessions, as well as within Chatterboxes. Two older Chatterboxes have worked towards formal qualifications in Youth Work through the AQA Unit Award Scheme and on to the Level 2 Certificate in Youth Work and 3 young leaders have volunteered regularly with the youth sessions on Thursdays.
The Home Education project which started in 2023 has continued to expand. The BCP Home Ed community now use Townsend Youth Centre as its hub. Weekly non-formal activities are delivered by the parent/teachers with our Training and Development worker overseeing the accreditation of these activities through the AQA Unit Award Scheme. 20 young people gained at least one certificate in a variety of subjects including cooking, arts and crafts and budgeting.
This report is a fair review of Townsend Youth Partnership’s business and is in accordance with the SORP.
Page 2
Townsend Youth Partnership
Trustees' Report (continued)
Financial review
In 2024/2025, the charity experienced a small surplus for the year of £22,234 and increase in reserves to £145,695, of which £24,475 is restricted. Reserves are held for the furtherance of the development of the activities of Townsend Youth Partnership and its premises, and the Charity is supported by the Bournemouth YMCA group.
Financially, the Charity has continued to generate income through funding grants and donations.
Chatterboxes continued to receive funding from Reaching Communities to work with young people with disabilities, specifically from the Townsend area as well as across Bournemouth and Poole and this enabled them to run two weekly face to face sessions from Townsend.
Grant funding from various Trusts were gratefully received and this much needed funding included; £18,729 The Postcode Lottery, £2,500 KFC, £5,000 BCP Thriving Communities, £5,000 The Albert Hunt Trust, £6,499 BCP Food and Energy Trust, £18,425 ASDA Foundation, £9,500 Morrisons, £7,070 BCP Youth Fund, £200 The Leonard Laity Trust, £8,000 The Valentine’s Trust, £4,920 BCP Family Hubs.
YMCA Bournemouth continued to be proactive in increasing resources to the fundraising team throughout the period to ensure the ongoing sustainability of the charity. The charity undertakes its own fundraising activities and does not use the services of a professional fundraiser or commercial participator. In doing so, it provides information to individuals who express and interest in donating to the charity or leaving a legacy, but it does not directly canvass individuals for fundraising purposes but relies on Charitable Trusts for financial support.
YMCA Bournemouth is registered with the Chartered Institute of Fundraising and has produced a fundraising strategy for the future. During the year 2024/2025 the charity has received no complaints in respect of the charity’s fundraising activities.
Expenditure in the year was limited to essential core running costs with total expenditure for the year being £86,544. All financial commitments were met, and all compliance works completed.
The Trustees consider that the financial performance reflects the activity undergone in the period and continue to be satisfied that future benefits will be derived from them. We continue to explore other funding and facility hire as a means to ensure the work in Townsend is sustainable and can continue.
Page 3
Townsend Youth Partnership
Trustees' Report (continued)
Plans for future periods
The challenge for the future of the charity is to continue to find ways to sustain the work financially and cover the core costs of running the building and staff cost, whilst being able to offer children and youth work to the local community. New income streams need to be continuously found as grant funding is becoming increasingly difficult to attract and this remains the focus for 2025/26, to ensure the charity can continue in the long term and can provide the benefits to the local young people in the Townsend community.
Work will continue under a number of specific projects, e.g. work with young people with disabilities, as well as open access sessions for young people and through the Children’s Project. The focus going forward, and with a new manager, is to develop the team to be able to fully support young people pastorally, through mentoring, counselling and 1:1 support, enabling young people to upskill, gain training and help them to get involved with volunteering and/or sports opportunities.
In conclusion, the trustees want to express their immense gratitude to all of our funders, as it has enabled support to continue to be offered to young people throughout the whole year in one of the most deprived areas of Bournemouth. The trustees would also like to record our thanks to everyone involved and committed to the Charity who tirelessly and sacrificially give of themselves for the benefit of others and especially to the youth workers who have responded to the challenges of the year.
Structure, governance and management
Nature of governing document
Bournemouth YMCA, and it's trustees, are the sole trustees of the Charity.
Bournemouth YMCA is governed by its Memorandum and Articles of Association. Trustees are elected Full Members of the Association at the Annual General Meeting. The Board of Trustees have power of co-option, up to one third of its numbers during the year and such person co-opted are eligible for election at the next AGM.
A review of the major risks to which the charity is exposed is undertaken annually and systems established to mitigate those risks.
Structure of Group
Bournemouth YMCA (Company No. 3817056 and Charity No. 1078728) act as the parent to Townsend Youth Partnership. Full consolidated accounts for these two entities along with other group member Pokesdown Community Youth Centre (Charity No. 301918) can be found in the accounts section of the Bournemouth YMCA page on the Charity Commission.
Recruitment and appointment of trustees
Board members are recruited with the assistance of a skills matrix for need and experience required on the Board at the time. All Board members must be Christians as per the articles below and are recruited from the full membership of the Association. Board members are voted on to the Board at the Annual AGM meeting and will consist of between 6-12 people.
Page 4
Townsend Youth Partnership
Trustees' Report (continued)
Reference and Administrative Details
Charity Registration Number: 1093213 Company Registration Number: 04236016 Registered Office: Delta House 56 Westover Road Bournemouth Dorset BH1 2BS Trustees: C R Hartland (resigned 17 October 2024) M Petrauskas R F Elms D Williams T Southgate B Viney A Dobbins S Potterton Bournemouth YMCA Auditor: Ward Goodman Audit Services Limited 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
Statement of trustees' responsibilities
The trustees (who are also the directors of Townsend Youth Partnership for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
Page 5
Townsend Youth Partnership
Trustees' Report (continued)
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. [26/ SIGNED SECURELY26/09/2025 at 4:07:32 PM UTC 09/2025
The annual report was approved by the trustees of the charitable company on .................... and signed on its behalf by:
. SIGNED SECURELY26/09/2025 at 4:07:32 PM UTC ; ......................................... R F Elms Trustee
Page 6
Townsend Youth Partnership
Independent Auditor's Report to the Members of Townsend Youth Partnership
Opinion
We have audited the financial statements of Townsend Youth Partnership (the 'charitable company') for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (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's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Page 7
Townsend Youth Partnership
Independent Auditor's Report to the Members of Townsend Youth Partnership (continued)
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the Trustees' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
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 accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of trustees' responsibilities (set out on page 5 and 6), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives 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 an auditor’s report 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 of users taken on the basis of these financial statements.
Page 8
Townsend Youth Partnership Independent Auditor's Report to the Members of Townsend Youth Partnership (continued) The extent to which our procedures are capable of detetting irregularities. including fraud is detailed below,. We obtained an understanding of the leg31 and regulatory frameworks applicable to the charitable cornpany and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, the Charities Act 2011. the UK Corporate Governance Code, We obtalned an understanding of how the charitable company are complyin8 with those legal and regulatory frameworks by making inquires to the management and governance team. we corroborated our inquiries through our review or board minutes. We assessed the susceptibility of the charitable company's financial statements to material mi55tatement, including how fraud might occur. Audit procedures performed by the engagement team included,. Identifyin8 and assessing the design effectiveness of controls mana8ement has in place to prevent and detett fraud,. Understanding how those charged with 8overnance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process- Challenging assumptions and jud8ements made by management in its significant accounting estimates- Identifyin8 and testing journal entries, in particular any joumal entries posted with unusual account combinations- and Assessii)g the extent of compliance with the relevant law and re8ulations. A further descrlption of our responsibilrcie5 for the audit of the financial Statements is located on the Finantial Reporting Council's website at www.frc.or8.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's trustees, as a body, In accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our 3udit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or a$5ume re5Fonsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for thi5 report, or for the opinions we have formed, IMRod Sc FCA FCCA (Senior Statutory Auditor) For and on behalf of Ward Goodman Audit Services Limited. Statutory Auditor 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH217SF Date:.. Pa8e 9
Townsend Youth Partnership
Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Other trading activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net (expenditure)/income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 55,021 17,301 72,322 (78,083) (78,083) (5,761) 3,520 (2,241) 123,461 121,220 |
Restricted funds £ 54,915 - 54,915 (26,920) (26,920) 27,995 (3,520) 24,475 - 24,475 |
Total 2025 £ 109,936 17,301 127,237 (105,003) (105,003) 22,234 - 22,234 123,461 145,695 |
Total 2024 £ 30,332 12,960 |
|---|---|---|---|---|
| 43,292 | ||||
| (50,709) | ||||
| (50,709) | ||||
| (7,417) - |
||||
| (7,417) 130,878 |
||||
| 123,461 |
All of the charitable company's activities derive from continuing operations during the above two periods.
The notes on pages 12 to 24 form an integral part of these financial statements. Page 10
Townsend Youth Partnership
(Registration number: 04236016) Balance Sheet as at 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 12 | 71,175 | - | 71,175 | 85,562 |
| Current assets | |||||
| Debtors | 13 | 780 | - | 780 | 469 |
| Cash at bank and in hand | 14 | 53,613 | 24,475 | 78,088 | 77,183 |
| 54,393 | 24,475 | 78,868 | 77,652 | ||
| Creditors: Amounts falling due | |||||
| within one year | 15 | (4,348) | - | (4,348) | (39,753) |
| Net current assets | 50,045 | 24,475 | 74,520 | 37,899 | |
| Net assets | 121,220 | 24,475 | 145,695 | 123,461 | |
| Funds of the charitable company: | |||||
| Restricted income funds | |||||
| Restricted funds | 24,475 | - | |||
| Unrestricted income funds | |||||
| Unrestricted funds | 121,220 | 123,461 | |||
| Total funds | 16 | 145,695 | 123,461 |
SIGNED SECURELY The financial statements on pages 10 to 24 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: 26/09/2025 at 4:07:32 PM UTC SIGNED SECURELY [26/@9/2025 Pickard 26/09/2025 at 4:07:32 PM UTC Elma
......................................... R F Elms Trustee
The notes on pages 12 to 24 form an integral part of these financial statements. Page 11
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Legal form
Townsend Youth Partnership is a registered charity, registration number 1093213, and a private company (number 04236016) limited by guarantee, registered in the United Kingdom. The registered office of the charity is Delta House, 56 Westover Road, Bournemouth, Dorset, BH1 2BS. The nature of the charity's operations and principal activities are in the Trustees annual report.
2 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Townsend Youth Partnership meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Bournemouth Young Men's Christian Association
These financial statements are consolidated in the financial statements of Bournemouth Young Men's Christian Association (Charity number 1078728/Company number 3817056).
The financial statements of Bournemouth Young Men's Christian Association may be obtained from Companies House and the Charities Commission.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows
Income and endowments
All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 12
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
2 Accounting policies (continued)
Donations and legacies
Donations are recognised when the charitable company has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charitable company before the charitable company is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charitable company and it is probable that these conditions will be fulfilled in the reporting period.
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the Charity has unconditional entitlement.
Other trading activities
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.
Charitable activities
Income from charitable activities includes income recognised as earned (as the related goods or services are provided).
Grants receivable
Grants are recognised when the charitable company has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 13
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
2 Accounting policies (continued)
Governance costs
These include the costs attributable to the charitable company’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost.
Depreciation and amortisation
Fixtures and fittings purchased prior to 1 January 2019 are depreciated on a four year straight line basis using the net book value brought forward as at 1 January 2019.
Any new additions after this date are depreciated at cost over the useful economic life of the asset. All the depreciation policies for new additions from the 1 January 2019 are summarised below
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Long leasehold | Over the term of the lease |
| Plant and machinery | 10% on cost |
| Fixtures and fittings | 20% straight line |
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed 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 interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charitable company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 14
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
2 Accounting policies (continued)
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charitable company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pensions and other post retirement obligations
The charitable company operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charitable company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3 Income from donations and legacies
| Donations and legacies; Donations from individuals Grants, including capital grants; Grants from other charities |
Total 2025 £ 317 109,619 109,936 |
Total 2024 £ - 30,332 |
|---|---|---|
| 30,332 |
Page 15
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
3 Income from donations and legacies (continued)
Grants received, included in the above, are as follows:
| Grants received, included in the above, are as follows: | ||
|---|---|---|
| Post code local trust Asda foundation grant Alice Ellen Cooper Dean Morrisons Foundation Grant Valentine Trust BCP Council (Sensory Room) Pokesdown Community Youth Centre Albert Hunt Dorset Community Fund (BCP Thriving Communities) BCP Council Good exchange grant (Soveign) Dorset Community Fund (BCP Food & Energy Support) KFC Foundation Dorset Community Grant (Wessex Water) Garfield Weston Percy Bilton Neighbourly Community Grant Halbard Trust Anton Jurgen Grant AFC Bournemouth Other grants under £1,000 |
Total 2025 £ 18,729 18,425 15,000 9,500 8,000 7,070 6,000 5,000 5,000 4,920 1,000 6,499 2,500 1,000 - - - - - - 976 109,619 |
Total 2024 £ - - - - - - - - - - - 4,160 2,500 780 11,669 3,383 3,000 1,500 1,500 1,000 840 |
| 30,332 |
Page 16
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
4 Income from other trading activities
| 4 Income from other trading activities |
||
|---|---|---|
| Rental income 5 Expenditure on charitable activities Note Charitable activity Grant funding of activities Staff costs Allocated support costs 6 Governance costs 6 |
Total 2025 £ 17,301 17,301 Total 2025 £ 51,513 38,379 12,195 51 2,865 105,003 |
Total 2024 £ 12,960 |
| 12,960 | ||
| Total 2024 £ 43,904 - 3,479 50 3,276 |
||
| 50,709 |
Page 17
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
6 Analysis of governance and support costs
| Support costs allocated to charitable activities Governance costs £ Charitable activity 2,865 Governance costs Audit fees Audit of the financial statements |
Finance costs £ 51 |
Total 2025 £ 2,916 Total 2025 £ 2,865 2,865 |
Total 2024 £ 3,326 |
||
|---|---|---|---|---|---|
| Total 2024 £ 3,276 |
|||||
| 3,276 |
7 Grant-making
Analysis of grants
Below are details of material grants made to institutions
| 2025 | 2024 | |||
|---|---|---|---|---|
| Name of institution | Activity | £ | £ | |
| Bournemouth Young Mens Christian Association |
Charitable activity | 38,379 | - |
8 Trustees remuneration and expenses
There were no expenses or benefits paid to trustees in the period covered by these financial statements.
Page 18
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
9 Staff costs
The aggregate payroll costs were as follows:
| 9 Staff costs The aggregate payroll costs were as follows: |
||
|---|---|---|
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2025 £ 11,439 20 736 12,195 |
2024 £ 3,251 - 228 |
| 3,479 |
The monthly average number of persons (including senior management / leadership team) employed by the charitable company during the year expressed as full time equivalents was as follows:
| Support staff | 2025 No 1 |
2024 No 1 |
|---|---|---|
No employee received emoluments of more than £60,000 during the year.
Staff costs are recharged amounts from the parent company, no employees have contracts of employment with Townsend Youth Partnership.
Page 19
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
10 Taxation
The charitable company is a registered charity and is therefore exempt from taxation.
11 Comparatives for the statement of financial activities
| Note Income and Endowments from: Donations and legacies 3 Other trading activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net (expenditure)/income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 25,949 12,960 38,909 (47,147) (47,147) (8,238) 2,556 (5,682) 129,143 123,461 |
Restricted funds £ 4,383 - 4,383 (3,562) (3,562) 821 (2,556) (1,735) 1,735 - |
Total 2024 £ 30,332 12,960 |
|---|---|---|---|
| 43,292 | |||
| (50,709) | |||
| (50,709) | |||
| (7,417) - |
|||
| (7,417) 130,878 |
|||
| 123,461 |
Page 20
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
12 Tangible fixed assets
| 12 Tangible fixed assets | |||
|---|---|---|---|
| Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Long Leasehold £ 348,884 - 348,884 275,516 13,974 289,490 59,394 73,368 |
Furniture and equipment £ 44,518 3,520 48,038 32,324 3,933 36,257 11,781 12,194 |
Total £ 393,402 3,520 |
| 396,922 | |||
| 307,840 17,907 |
|||
| 325,747 | |||
| 71,175 | |||
| 85,562 |
Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £59,394 (2024 - £73,368) in respect of leaseholds.
13 Debtors
| Prepayments 14 Cash and cash equivalents Cash on hand Cash at bank |
2025 £ 780 2025 £ 100 77,988 78,088 |
2024 £ 469 |
|---|---|---|
| 2024 £ 100 77,083 |
||
| 77,183 |
Page 21
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
15 Creditors: amounts falling due within one year
| Trade creditors Due to group undertakings Accruals Deferred income |
2025 £ 12 930 3,406 - 4,348 |
2024 £ 351 5,045 3,617 30,740 |
|---|---|---|
| 39,753 |
Deferred income relates to grants received in the period for projects that are running in the next financial year.
16 Funds
| Unrestricted funds General General Funds Designated Townsend Equipment and Storage Total unrestricted funds Restricted funds ASDA Foundation Sensory Room Townsend Estate Counselling Total funds |
Balance at 1 April 2024 £ 122,490 971 123,461 - - - - 123,461 |
Incoming resources £ 72,005 - 72,005 18,425 16,570 19,920 54,915 126,920 |
Resources expended £ (59,624) - (59,624) - (7,000) (19,920) (26,920) (86,544) |
Transfers £ 3,520 - 3,520 (3,520) - - (3,520) - |
Balance at 31 March 2025 £ 138,391 971 |
|---|---|---|---|---|---|
| 139,362 | |||||
| 14,905 9,570 - |
|||||
| 24,475 | |||||
| 163,837 |
Page 22
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
16 Funds (continued)
| Unrestricted funds General General Funds Designated Townsend Equipment and Storage Total unrestricted funds Restricted funds Renovation Furniture Total funds |
Balance at 1 April 2023 £ 128,172 971 129,143 1,735 - 1,735 130,878 |
Incoming resources £ 38,909 - 38,909 - 4,383 4,383 43,292 |
Resources expended £ (47,147) - (47,147) (1,735) (1,827) (3,562) (50,709) |
Transfers £ 2,556 - 2,556 - (2,556) (2,556) - |
Balance at 31 March 2024 £ 122,490 971 |
|---|---|---|---|---|---|
| 123,461 | |||||
| - - |
|||||
| - | |||||
| 123,461 |
The specific purposes for which the funds are to be applied are as follows:
Townsend Equipment and Storage - Designated for the purchase of equipment and storage for the Youth centre.
Renovation - Income restricted for renovation and related equipment for the Youth centre.
Furniture - Income restricted for the purpose of purchasing Sofas and Bean Bags for the Youth centre.
ASDA Foundation - Income restricted for the refurbishment of Mens, Ladies and Disabled toilets at the Youth centre.
Sensory Room - Income restricted for a new sensory room at the Youth centre.
Townsend Estate Counselling - Income restricted to support counselling costs for the Townsend Estate.
A transfer of funds has occurred between the general fund and the ASDA Foundation fund to recognise the fulfilment of the restriction on the purchase of a fixed asset.
Page 23
Townsend Youth Partnership
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
17 Related party transactions
During the year the charitable company made the following related party transactions:
Bournemouth Young Men's Christian Association
(The Trustee and Parent of Townsend Youth Partnership)
At the balance sheet date the amount due to Bournemouth Young Men's Christian Association was £930 (2024 - £5,045).
The Charity is part of a group, the structure of which is detailed in note 18. During the year, the Charity had transactions with members of the group through grants and details of these amounts can be seen in notes 3 and 7 of these financial statements.
18 Parent and ultimate parent undertaking
Townsend Youth Partnership is a subsidiary of the parent charitable company (and Registered Social Housing Provider) Bournemouth Young Men's Christian Association (Charity no. 1078728 and Company no. 03817056). The main objective of the parent is the provision of social housing, youth work, day nursery, creche and health and fitness facilities. The parent is a trustee of the subsidiary and shares the same directors, trustees and finance team. These financial statements are consolidated into a group set of accounts together with the financial statements of one other subsidiary (Pokesdown Community Youth Centre, charity no. 301918). The consolidated financial statements can be found via a company search for the parent on the Companies House website.
Page 24