Charity r•giStration numbor 1099564 Company registration numbeT 04323224 (England and Wajgsl OXFORD KILBURN YOUTH TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
OXFORD KILBURN YOUTH TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trust••s A Brown S Tumer D Kind6r J Kinder Matthew Perry Cheryl Buchanan Stephen H8rb8rt (Appuirbted 17 January 20241 (Appointed 13 May 20241 Charfty number 1099564 Company number 04323224 Rogistered office Christian Holt House 45 Denmark Road Kilburn London NW6 5BP Independent examln?r SBM Associates Limited 24 Wandsworth Road London SW8 2JW
OXFORD KILBURN YOUTH TRUST CONTENTS Page Trustees report Independent examin&rfs repc>rt Stslernenl of financial activities Sialèmenl of financial position Notes lo the financial statements 9-20
OXFORD KILBURN YOUTH TRUST TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who a also d1CtOrS of thè tharity f(K th8 purposes of the Companies Ad 2006, present their report with the financial statements of the charity for the year eIe 31 March 2024_ The Lrustees have adopted the provisions of Accounting and Reporting by Charit StatsrrIrt of Re¢cMnwnerKSed Practice 8pplicablB lo ch8ri1ie5 preparing their accounts in accordance with the Financi Rep"ftg Stsndard applicable in the UK and Republic of Irela {FRS 1021 lellective 1 January 20151. The Oxford Kburn Youth Trust Iknown as The OK Clubl works Ydith young people and their families in Kilburn, North-west London. We worl( with them to build character and cap81ilities, as they grow into active and engaged adults and where appropriate lo enat4e them to exre the Chrislian faith. From that perspective we provide opportunities for young people lo eXple their splrrtLrtY and tlwr place in the worfd. and build positive relationships they can rely on. THE CHANGING AREA South Kilburn was and is a very deprived area. The Club 1$ located in the centrg of a large council estate- an aa which is in the most deprived 5Y¢ of the Govemmenl's Index of Multiple Deprivation for Greater London. The aa has suffered from a rango of issues which indude violence. drugs, di5affeclK)n. and low educational attainrnenl. The young P8orAe are at risk of being engaged in anti-soual behavityJr and erime. The area is however changing. New muKi Ste¥ lower tA(Kks are oJrrenlTy being built immediately adjacent lo the east of the Club. with further developments lo on the other 3 sides due to happen in the coming Yrs. Within thesè new buildings there will be a substantial èlement of private hong - hthich will begn lo thange character of the neighbourhood. In response thg Club has develorm.ng broader links wilh ihe new community as it emers. Already a group of garéeners from the local community cenlre use some ol the 98rden to inuease their capacily lo grow vegetables for the "Good Food Box. project. The priority will rerrtain the children and young people of th& area. How8v@r, w8 are planning Ihal the Club faulilies will be used for a faf greater variety of acts"vities as we develop more extensive links with the local Community. The Club has appointed a Communrty Animator (Niknl lo develop Ihi5 aspect of our work based on the principles of Asset Based Communrty Development. Sh8 is supwrted by a Strategic Friend (Michael). As part of this wort( we are lookiro to expand dayb.me usage of the building and our Building Manager IJ051ah) continues lo ensure the building is opèrational and li¥ises rth the increasing number of extem81 users. THE CLUB ACTIVITIES Despite fflany challengas the OK Club remains busy wilh a weekly programme of chihlren's youth activities. Due to the building operations aCSS to the Club rs less obmous and s8veral neighbours have assumed that we have ¢losgd as part of the LMJildirvJ developments. For nM)st of Ihe past 2 years Csur entrances have b88n more difficult to accass. However. we look foJwaTd shoruy to the re-opening nearby roads as neighbouring flats ar8 completed. Our mission to seNe the local community and help support the young people of Brent and South KilExJm conlinves to be successful. We are proud ol our professiCal youth staff led by DebbY& Garden. Stuart Turk. who servod ch11dn and young people at the Club for over a (Jecadè lèft Èmploymont wth the organi5ation in February 2024 and Debbie now workg part time to oversee the youth and children's programme. )ly assisted by a part lime youth workar, Raquel, and a plethora of volunteers and partners who he wed tirdo55ty lo ensure Ihat the OK aub has remained a stable community pillar throughout unpredthble tirs. PARTNERS AND SUPPORTERS We are grat8lul for our relationship with the Christon Hdt HrAJsing Associ8tion (CHHAI whith is a Christian missional community which provides a source of volunteers and funding. CHHA residents consist of fu114ime volunteers and other residents who have their own jobs vrtKJ spend part of their leisure ts'me helping run the Club aclivilies. We have orooing links with Bertin MissK)n and thÈ International CulluTal Youth Exchange who introduce full timo vdunlèers to us. During Ihe past year vdunteers from Germany and Taiwan have given great service.
OXFORD KILBURN YOUTH TRUST TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our link with Sl. Luke's Church has been very imwJrtanl to us. Katy the wrrent curate as d18p181n lo the residents of CHH The work of the Club would not b8 possible wlthout the work and support of our volunteers. staff, supporters and funders, to whom we ao incredibly grat8ful. We are very privileged to be able to work with children, young people and famlllés ol South Kiltrm, who continue lo inspire us and (x)nllnu8 to b8 at the forefront of all cAJr Ihinklng and planning. The trusloes. who are a0 directors of the charity fN the puT[s of the Ccryanies Act 2006. prgsenl thelr r•wrt with the financial gtslemenls of the charity for the year ended 31 March 2024. The trustees have a¢Jopted the provisions of Accounting and R8POrting by Charities. Slatem&nt of Recommended Practice applicab18 to charities Pfoparing théir accounts in a¢¢ordance with the FinarKial Repth"ng Standard applicable Sn the UK and Republic of Iroland IFRS 1021 (effective 1 January 20151. We have an ongolng stratègic relalionshlp with W¢)rth u1MlIe¢l {The Worth Found81ion, charity no. 34512151, based on a Memorandum ol Und8rslanding. The invdvemenl of Worlh Unlimiied's senr I?erShip team in our organisalion has been greatly appwaled and the access Ihat 10am of staff ènd volunteers havè lo wid8r connections and opportuniti6s has also been bèneficial. The work of the Club would r1 be possible without ts wc¥k aThJ supwrt of our voluntsers, stsff. supporters and nders, to whom we are incredibly gralelul. We are very privQged lo be ae to work with childran. young people and lamilies of South Kilbum, who continue to insF4"re u5 and conb'nue to be at the forafronl of all tr thinking and p18nning. Obj•¢tlv•s and actSvltl•8 Th8 objethves of Ihe charity arè the promollon and ert¢ouragem•nt of the Christian laith by applying the capital a Income of the company wthoul dislinclion Iw or l¢)wards al or any of the frAlowing purposes.. Maintslning a¢tivityes for ¢hrfdTgn and young peOe in Kitbum EstAbllshlng and maintaining activities for thddren and yt)ung peorAe Ihore ry In other places PrOdIng office and residential accommodalhjn for the warden$. club loaders and olh8r workérs for the said acllvilres whether full time or part ts.me worker8: and Training and instructing Pefsons in Ihe18adership of suth 8clivilles as aforesa*J The chorily achleves the above objeclives through Ihe Operati of the OK Club. Publlc B•nefit Thè trustees have ferred to the Charity Commission's general guKlanc8 on public benefit whon reviewing the Ch8riVs aims aNI objectives an(J n planning its fvlure aclNilie$. In partKular Ihe trustees o)nsider how planned activitses will contribute lo the aims and obj'ectives of Ihe Charity.
OXFORD KILBURN YOUTH TRUST TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢hievemonts and pgrforniance Significant aGtiviti8s and achievements 8g&inst objectives Charltabl• a¢tiviti•s Quallly YoLJth Work Our first strategic objective is lo continue lo Inv8$1 in the quality of our work. We have sought to embed good pr8Ctices in our work, and to develop ways lo understand and reflect on thè impact we have. During the year we worked with 118 different children and young people. We ran 181 sessions and had 1688 attendances the register during that time. Activities havts induded drop in 8essions, cooking, football, girts only groups. tsble tennis. pr)ol, games consoles, crdft activities, éiswssions, trfps. and connecting with various themes through the year. Outcomes and Impact We continuè to work really strongly with the staff and volunteers to monitor impact and continuously improve tha quality of the work. We hav8 a syslem lo monitor th8 progress of each young person and after ev8ry session the team endeavours to identify the progress or olhewlse of &ach young pgrson. Thi$ then feeds into our reflection and planning processes. Equipping the Team As part of our vngoing commitment to staff dev8lopment and training w8 have conlinued lo train and support our staff and volunteers to help them Improve their youth and children's wts practice. The programme is led by Debbie Garden and includes mandatory training in Safeguarding and First Aid as well as wider youth work development concepts. Volunteer Partnerships This year we welcomed a new group of full- and part.time volunl&ers lo the team. We have partnered with The Bedin Mission end ICYE Ilnter-cullural Youth Exchange} to provide gap-year pl?cemgnls in partnership with local churches. In addition, 8 numbpr of people joined our mission81 community house (Christian Holl House) where part of the temis of their accommodation lie6nse inGludes helping at two sessionslweek at Club. We have provided a range of trainin9 OPPOrtunilies to these volunteers over the course of the year. Our members of staff, alongsidé our volunieers and working collgbor8tlon with others. have workÈd really hard this year to deliver a range of activitios that engage chddren, young peop and increasingly parents
OXFORD KILBURN YOUTH TRUST TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial r•vl•w In the year to 31 March 2024 the Trust record8d a deficit of £37.120 after depwation of £17.54412023- surplus £51,250). Th8 net assets of the Charity amunted to £688.157 at lh& el of the year of which cash arid bank deposits amounted lo £107,97412023 £123,743) Finan¢lal position The Trustees conductsd a funding revw of the organisalKm during the year. Income for the year was £101,080 which is down from the pr8wous yaar and reflects on significant one of (knnalions which were received in the previous year. Expenditure Increased lo £138,2. T"8 indleS increased slaff to rèflect (the previou$ year we were short of a youth worker) and significant one-off capital costs for new heating in the Sports Hall1£18,0001. Whde the fundraising onvlronment continues to be extremely ehalkThJing for organisations like ours. we hav¢ 8ucce$slully Incr8as8d our income Irom fenling parts of our premisos over th• lasl year. lo olh8r cornmunity organisalions wlth compalifjle aims and seryices and we intend lo grow th¢s again over the coming yéar. Our goa15 ¢onlinue to .. Further increasfj Incom8 from pr8rrAses h Strengthèn relationships with exisb'ng fund8rs Improve our communi¢)S with, and growth of our individual supporter base Build relationships with new funders and 8 truslea has been appointed to18ad this work Establish a long8r t8rm sUstainablty pian Reserves policy 11 is the policy of the charity where f8asibl8 lo malntsin unrestrfctéd funds whlch are the free reserves ol the eharlty. 818 level which equoles lo approximately three rrw)nlhs' stoifiThJ costs. This provides $uffi¢ienl funds lo cover man8gem&nl and administration and support costs. Unrostricted funds at the of the year war8 £91,131 which 8ufficienl for Ihis purpose. Plans lor future p•rSod• Our slr818gic pl8ns going I08rd are: To continually improve the qualty of our pyowsion To ensuro thg financial sustainability ol the organisalion To improve the f8cilities lo ensure continuirKJ use is w)s$ib To continué exploring the possitilty of lubjre redevelrwnent Structure. gov•rnanc• and managemèDt Governlng D¢¢um•nt The ch8rity is govemed by the m8morandum arKI artic4ès of 8$8ooation.
OXFORD KILBURN YOUTH TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trusteès. who 8ra also the directors for the purpose of company law, and who served during the year and up lo tho (late of signature of the financial slalements were.. ABrown S Turner D Kinder J Kinder T Myddlelon-Evan8 M8tthwi Pery Cheryl BuchBn8n Stephen Herbert Reslgn&d 1 S November 20231 (Appointed 17 January 20241 (Appolnled 13 May 20241 Recruitm6nl and appointment of tfvslees Trustees are appointod and removod by the exS¥ling board ol Iruslees. Inducth and Ir8inlng oflrustse8 Th8 Chalr Is respon51bJo for Inductlon ol new Iruste&s. The tru81888 rèport was approved by the Boord of Trustees, J Kinder Tru•t•• Dale.. 2s*-12 _
OXFORD KILBURN YOUTH TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD KILBURN YOUTH TRUST I report lo the irustees on my examination of the financial stalements of Oxlord Ki1JM Youth Trusl Ilhe charity) for the year ended 31 March 2024. ReBpon8ibilitl•$ and basS• of report As the Iruslees ol the charity land also its directors for the purposes of company18wI you ar¢ responsible for the preparation of th8 financial statements in accc>rdancè with th& requirements of the Companies Act 2006 Ilhe 2006 Acll. Having sallsffi8d mysèlf that th8 ftnanclal Blalements ol the charity are not required lo be audit8d und6r Part 16 of the 2006 Act 8nd are eligible for Independent 8xamination, I report in respeci ol my examination of the charlly's financial stalemenls carried out under Section 145 01 the Charities Act 2011 Ilhe 2011 Actl. In carrying out my examination I have follow8d all Ihe applicable DirectSon$ given by Ihg Charty Commission under s8clion 14515llbl of the 2011 Act. Indop•nd•nt exam5n•r'• •t8t9m•nt I have completed my examination. l ¢onflm that no matters have come lo my att8nlion In connection wltr the examination giving me cause lo believe that in any molerial respect.. accounling record6 wore not kept in r&sp8ct ef the charity as réquired by $8clion 386 of the 2006 Act., or the financial statements do not accord wth those records,. or th¢ financlal statements do not comply with the accounllng requirements of secllon 396 of thè 2006 Act other than any requirement that th8 accounts glve a true and fair vlew whiGh is not a matter nSidered as part of an independent 6xaminalion', or the finanGlal statements havo not beèn pMp8rad In accordance wSlh tho methods and princlp188 of the Stalemènl of Recommonded Practice for accounting and reporting by charitiès applicab18 lo Charities prèparing th9ir accounls In g¢cordance with the Finandal Reporting Standard appllcable In the UK gnd Republic of Ireland IFRS 1021. I have no eoncern$ and have Come acro88 no Other maller5 in connection wlth the examinallon lo whlch attention should b& drawn In this report in ord8r lo onablo a proper understanding of the finan¢iAI statements lo be roach¢d. P8ulSne MpIne FCA SBM Associat&8 Limited 24 Wandsworth Road London SW8 2JW Oated-.
OXFORD KILBURN YOUTH TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restrictsd funds funds 2024 Total Unrestricted R•$trfcted lunds funds 2023 2023 2024 2023 Notsi Income from: Donations and legacies Charitable a¢tivits"es InstMentS 63,998 35.657 1.425 93.846 41,637 125 3,1 96,996 41,637 125 35,657 1,425 Totsl Income 95.180 101.080 135,608 3.150 138,758 Expendltur¥ on: Raising funds Charitablè activities 218 115.801 218 137.982 222 87.286 22.181 58.015 29271 Total •xp•ndlture 116,019 22.181 138.200 $8,237 29,271 87,508 Net incomèlltxpendlture) and movement In fund8 120,839) 116.281) (37.1201 77.371 126.1211 51,250 R•conciliation of funds: Fund balances at 1 April 2023 111.970 593.307 705.277 34.599 619.428 654.027 Fund balarys at 37 March 2024 91.131 577.026 668.157 111.970 593,307 705.277 The stslement of financial activiti8s indudes all gains losses rwnise(l in th8 year. AN incomg and exFendilure derive from conlinuing 8Ctivities.
OXFORD KILBURN YOUTH TRUST STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Notès Fixed a$s•ts Tangible asset$ 12 568.350 585,895 Curr•nl a$$ets Cash al bank and in hand 107,974 123,743 Crèditors: •mount8 falling due wlthln on• yèar 13 18,1671 14,3611 Net current ass•ts 99,807 119.382 Total a¥set• l••• current Ilablll•¥ 868.157 705,277 N•t a680ts •xcludlng p•nslon Il•blllty 668,157 705,277 Th• lund• ol lh• ch•rlty Reslricltsd incom8 funds Unrestricted funds 15 577,026 91.131 593,307 111,970 668,157 705,277 The company is enlilled to the ex&mplion Irom the aud51 requlrernenl contained in 8eclion 477 01 the Companl8s Acl 2006, for yèar end9d 31 March 2024. The directors acknowledge their responsibilities for complylng with the requirements of tha Companle$ Act 2006 with respect to accDunling records and the proparallon of financial statements. Th8 m8mber$ have not requirfjd the company to obtain an audit of ils flnancial statamanl8 for th8 year In que61ion in accordance with sg¢llon 476. Thesè financial slalemenls have been prepared In accordance wllh the provisions applicablg lo companl•s subjèct lo the small companies regime. Tho financial statements were 8pproved by thè trustee5 On . 2¢ J Klnder Trust•• Compttny registratlon number 04323224 IEngland and Vvalesl
OXFORD KILBURN YOUTH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policiès Charity irrforTnation Oxford Kilbum Youth Trust is a private company limiled by guarantee inccffpcnl8d in Eland and Wales. The gistered office is Christian Hdt Hrjuse. 45 Denmark Road. Ktlbum. London. NW6 5BP. 1.1 Accounting conv•ntion The financial statements have been prepared in accordanc8 with the charitys Menra[H1M and arbcles of a55oci8ti0n, the Companies Act 2006 and "Accounling and Reporting by Charities." Slalemenl of Recommended Pracliee appluble lo cknaribes preparing Ilwr aecounls in accordance vrith the Finanual Reporting Standard appIlble in the UK and Rèpu of IrelarKI (FRS 102> leffecb.ve 1 January 2019)". Th ¢hanty is a Public Benefit Entity as defined by FRS 102. The chattty has taken advarrtage of the pro¥isions in the SORP for charities app.g FRS 102 Update Bull8tin 1 not to prepa a Statement ol Cash Flows. The fanCial statements a prepared in steflirg. wlich IS the functional cuen¢Y of the charity. Monetsry amounts in these finarKial stalements a rourKJed to the nearest £. The fanual statements have been prepared uor the hiSt¢NiC cc6t convention. The prinopal accounting poliues adopted are sel out below. 1.2 Golng con¢•m At the timo of approving the fina181 staternts. the trustees have a rè8sonable expectation th the charity has adequat8 rbScMJS to continue in orwdt'onal existen for the foreseeable futurÈ. Thus thg Iruslees continue lo adopt the going concem b#$is of accounb'ng in preparing the financial statements. 1.3 Charltable funds Unrestricted funds ar8 available for use at the dwelion of the trustees in furtherdnce of tr1r charitsble objectives. Restricted funds are subjsct to SpefiC condttins ty thTh)rs ry grant5 as to how they may t used. The purposes use5 of the restricted funds sel tyJt in Ihe notes lo th& financAal ststements. Endowment fuThJs are subiecl to specific conditions by th8t the capital must be mairrtained by the harity. 1.4 Incom• Income is recognisad when the Charity is legally ent"ed to it after any perfomlance condilK>rts have been mel. the amounts can be measured reliably, arKI it is probakle that income will be received. Cash donations are reeognised M r*ipL Other donatnS arè recognised the charty has nolifi of the donation, Un$$ performance conditions require deferral of the amount. Income tax recoverable in relation to dOnati(S receivad under Grfl deeds ol Venant is recognised al the tim8 of the donation. Legacies are recognised C receipt or othermse rf the tharity has bgen ItIfied of an impending distribution, the amount 15 known, an¢J r8C8iPt is expected. If the amwnt is not known, Ihe legacy is trealeé as a conbngent a55el.
OXFORD KILBURN YOUTH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclès {continU) 1.5 Expènditure Liabilib"es are recognised a5 expenditure as soon as the 1$ a leg81 or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in setllemenl and the amount trf the obllgation can be ffl&asured reliably. Expenditure is accounted for on an accruals basis and has been cla88ified under heading5 that aggregate all ctssl related lo the category. Where coslg cannot be direcdy attributed to particular headi$ they have t)een allocated to aetivilies on a basis consistent wth th8 use of resources. 1.6 Tangible fixed a8s01s Tangib18 fixed assets are initially measured al cost and subsequèntly measured at cost or valuation, nèt of depreatIOn and any impairment losses. DeprecialK)n is CognIs8d so as to write off th8 cost or valuation of assets less Iheir residu81 values over their useful lives on thè following bases.. FehOld buildings Leasehold land and buildings Fixtures and fittings 2% on st 2% on CDSI 2% on $t The gain or loss arising on thé dlsposal of an ass8t is determined as the difference between the sale proceeds and the carying valu8 of th8 asset, and is wognised in thè stalemonl of financial activities. 1.7 Impalrnient ol lixed 8$8èts Al each reporti end dat8, the charity reviews the carrying amounts of its tangible assets to detemiing whether there Is any indication that thos8 assets have suffered an impairm8nl loss. 11 any such indication exists, the recoverable amount of the asset is eslimaled in order to deterwnine the exlonl of the impaim*nt loss lif any). 1.8 Cash and cash equlvalgnts Cash and cash equivalents indude Cash in hand. deposits held al call with banks. other short-temi liquid investments with original wnaturi118s of three rnonlhs or less, and bank overdrafis. Bank ovèrdrafts are shown wllhin borrowings In current liabilkies. Basic Ilnanclal assets Basic financial assets, which include debtors and cash and bank balances, are irbilially measured at transaction price including tranSactn costs and are subsequenuy carried at amortised cost using the effective interest method unless the arrangemem constilut8s a financing trdnsaclion, where the transaction is measured at the present value of the future res&ipts discounted at a market rate of Interest. Financial assets da88ified as ro¢eivable within one year are not amorti$ed. Baslc flnanelal Ilabilities Basic financial liabilities, including crediiors and bank108ns are initially recognised al transaction Pri unless the arrangement constitutes a financing transaction, where tho debt instrument is measured at th8 prosenl value of the future payments discounted al a market rate of Inlergst. Financial Irdbililies Glasstfied as payable within one year are not amortised. Debt instruments are subsequenuy carried at amorbsed cost, using the effecuve interest rate method. Tradè cr•ditors are obligations lo pay for go(yJs or serviG¢s that have been aCqUid in the ordin8ry CQLJrs8 of oper8tions from suppliers. Amounts payablè are classified as current liabilities if payment is due within on8 year or less. If not, they arn presented a5 non-currenl liabilities. Trade CTedilors are recwnised initially at transaction price and subsequenlly measured at amortised st using the effective interest method. 10-
OXFORD KILBURN YOUTH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AfARCH 2024 Accounllng pdlcles (Continuod) D•ra¢ognillon of fln•ncial liabllftles Financial liabilitiès are dereeognised when the chanty's eAJntraclual oblKJ8tM)ns expire or are dlsch8rged tx cancelled. 1.9 Employèè benoffls The cost of any unus8d holiday antitlemant 1$ reco3nk8ad In the p81ir*J In whth tho a110Yea.S services a received. Teminadon benefits arè reeognised immediatety as an expense whon the charity Is demonstrably commltted lo terminate the employmant of an employee or lo prowde temination benèfts. 1.10 RetSr•m•nt benollt8 Payments to defined cOntributn retiremgnl bongfft Sc8 arn ctsr9ed as an expense os they fall due. Crltleal accountlng •stlmat•i and ludg•m•nts In the appllcalion of the charlty's accountsng Polic8, Iruslees are r8quired to mak8 judgoménts. e5tiTn8193 and assurnplions about the rryIng amount of a$seis and liablilies that are nol readily apparent from other sources. The estimates and associated assurrytions ara based on htslorical experience and other factors that are considèred lo be relevant. Actual results moy differ from these esb'mates. The eslimales an(1 undedylrKJ 855umpliLM8 aro r•vl6wed on an ongoiry basis. Revision$ to 8rxounllng astimates are recognised In the peri¢A in which the estimate 13 revised where the revlsion affects only that period, or in the peri¢xl of the revlsion and fuluie p8nots wherè th8 revision affects both current and futurg petlods. 11
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OXFORD KILBURN YOUTH TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incorn• from Charitabl• activit1•8 Vnrg$trlct•d Unrostrlcted fund¥ funds 2024 2023 Incomè from us• of Club 35.657 41,637 Income from investments Unr•strfctod UnM8trlcted funds funds 2024 2023 Interest recervable 1,425 125 Expendltur• on rnl•lng funds UnreBtrkl•d Unr•strlct•d funds funds 2024 2023 Fundralslng and publlclty Seeking donations, grants and le918¥ 218 222 14-
OXFORD KILBURN YOUTH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Costs of charitable actlvltlos 2024 2023 Staff costs Depreciation and Impairment CHHA costs Insurance Pr8mi¥e$ expenses Telophone Postage and statlonery Computer expenses General Club projocl costs Slèff travol and other cosls Subscrfjpllons Bank ch8rg86 Worth Unlimilad 60,370 17,545 40,547 17,545 933 1,866 11,270 391 471 1,155 3,939 1,489 629 86 5,465 2.100 42,959 $01 406 1,181 4,615 1.741 834 4,170 136,482 85,786 Indep8n¢Jent examlner'$ fees 1,$00 1,500 137,982 87.286 Analys1$ by fund UnrèslriGtod funds Reslricled fvnds 115,801 22,181 S8,015 29.271 137,982 87,286 N•t movomont In funds 2024 2023 Th* nèt movem6nl in funds Is slated aftar charginglloredillro).. Depr8cl8llon of owned tsngible fixed assets 17.545 17,545 Tru$t•ès None ol the Iruslees lor any parsons connected with them) r8c8ived any remuneration or benefits from th& charity during the year. 15-
OXFORD KILBURN YOUTH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 PAARCH 2024 10 Employeos The average monthly number of 8mployees during the year 4WdS: 2024 Nurnr 2023 Number Staffjng costs 2024 2023 Payroll $ts Wages and salar*s Other pension costs 37.965 1.023 41,872 1.006 Total employee costs Payroll Cvsls analysed to othgr expenses Subcontracted services inc4uded in Stsff costs 39,C63 15.0331 26.415 42.878 11,6311 Staff costs per note 7 60.445 40,547 There were no employees whose annu rernunerat was than £60.000. 11 Taxatlon The charity is exempt from taxation on its actieS baUSe 811 ils ineorrE is applied for charitable purposes. 12 Tangible fix•d ass•ts Total land and buldlngs fittlngs Co8t At 1 April 2023 584,055 293,186 19.563 896.804 At 31 March 2024 584.055 293.186 19.563 896,804 D•predation and impalrn?•nt At 1 April 2023 Depreciation charged in the y•8r 193.242 11.681 98,104 5,864 19,563 310.909 17,545 Al 31 March 2024 204.923 103.968 19.563 328,454 Carrylng amount Al 31 March 2024 379.132 189.218 568.350 Al 31 March 2023 3.813 195,082 585.895 16-
OXFORD KILBURN YOUTH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Cradltors- amounts falllng due within one year 2024 2023 Tr8de t¥editors Other creditors Accruals and defeired incorne 4.417 2.250 1,500 611 2,250 1,500 8,167 4,361 14 Rellrom*nt bonofit schemes 2024 2023 Defin ¢ontrlbutlon schom•s Chorge to profit or1088 in respect of defined conlribulion heMeS 1,023 1.006 The charity operate8 a defined contribution pension scheme for 811 qualifying employees. Tho assets ol the scheme are held separately from those of the charity in an indepen(lendy administered fur. 17-
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OXFORD KILBURN YOUTH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Unrnstrictod lund$ The unreslricl8d funds of the charity comprfse the unexpended balanS of donalrons and grants which ar not subjeGt to sp8cific conditions by donors and grantors as to how they may be used. Th8s8 include deslgnalod fund8 which hav8 been sel aslde out of unreslricled funds by the trustee8 for sp8eifi¢ purposes. At l Aprll 2023 InGoming Resourc•• At 31 March r0¥ourG¢• expendod 2024 General fund5 111,970 95,180 1116,0191 91,131 Pr•vlous yoar: At 1 April 2022 Incomlng r•sour¢o$ Resource• At 31 March expended 2023 General funds 34,599 135.608 158,2371 111,970 17 Analy•l• of not a8S•t• botwmn fund• Unr•Atrlet•d fund• 2024 R••trlGt041 tund• 2024 Tot•1 2024 At 31 March 2024: Tanglble assets Currant ass8tsllliabiliti881 568,350 8,676 568,350 99.807 91.131 91,131 577,026 668,157 Unrestrlcted funds 2023 Ro¥trlctsd fund• 2023 Total 2023 At 31 March 2023: Tangible assets Current a8selsllliabilitie8) 585,895 7,412 585,895 119,382 111.970 111,970 593,307 705,277 18 Relatod party transactlons There were no disclosable related party transactions during the year12023- r)onel. -2D-