**Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited Registered Charity Number : 1104540 Company Registration Number: 5100560**
**Financial Statements for the year ended 31 March 2021**
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
## **31 March 2021**
Directors & Trustees: Mrs Ann Hayes Mr Jim Hayes Mrs Pauline Craner Mr John Cousins Miss Deborah Hayes Registered Office: The Boys Club Avenue Road Nuneaton Warwickshire CV11 4NA Registered Charity Number: 1104540 Registered Company Number: 5100560 Bankers: Natwest Nuneaton Accountants WG Associates Chartered Certified Accountants 83 Norfolk Crescent Nuneaton Warwickshire CV10 8BY
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited Registered Charity Number : 1104540**
## **Company Registration Number: 5100560**
**Financial Statements for the year ended 31 March 2021**
||Page|
|---|---|
|Trustees' Report|1-3|
|Accountants' Report|4|
|Balance Sheet|5|
|Statement of Financial Activities|6-7|
|Notes to the Accounts|8-10|
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
## **Report of the trustees for the year ended 31 March 2021**
The trustees submit their annual report and the financial statements for the year ended 31 March 2021.
## **Structure, governance and management**
## Governing Document
The charity is governed by the memorandum and articles of association incorporated on 13 April 2004 as amended by special resolution dated 17 June 2004.
The charity was registered with the Charity Commission on 24 June 2004.
## Trustee Induction and Training
Most trustees are already familiar with the practical work of the charity.
The induction process for any newly appointed trustee comprises an initial meeting with the Chairperson of the Board, followed by a series of meetings with other trustees on powers and responsibilities of the trustees.
New trustees are also given a history of the charity, copy board minutes, recent accounts and annual reports, a copy of the Trust Deed and a copy of the Charity Commissions Guidance "The Essential Trustee".
## Trustees responsibilities in relation to financial statements
Charity law requires the Trustees to prepare financial statements for each fiancial year which give a true and fair view of the state of affairs of the charity and of surplus or deficit for that period. In preparing those financial statements, the Trustees have to:
- a) select suitable accounting policies and then apply them consistently; b) make judgements and estimates that are resonable and prudent; c) stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- d) prepare the financial statements on a going concern basis.
The Trustees have overall responsibility for ensuring that the charity has appropriate systems of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
continued
Page 1
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
## **Report of the trustees for the year ended 31 March 2021**
## **(continued)**
## **Objectives and Activities**
The charity's objectives are:
- a) Promote the personal and social development of young people by encouraging participation in events, activities and courses.
- b) Involvement of the young people in the decision making processes affecting such activities, provides learning and development opportunities, which enhances their life skills and basic competencies.
## Volunteers
The charity is grateful for the unstinting efforts of its volunteers who are involved in the day to day running of the charity and fund-raising.
## **Achievements and Performance**
The achievements and performance during the year can be found in the annual report.
The main achievements were:
The Charity is looking towards sustainability to off set the falling grant funding available, through hires of the facilities during the hours of 9am and 5pm. These times allow us to carry on with our programme of activities. It is hoped that this will help to increase funds for core costs which funders will not or are very reluctant to fund at this time. As directors we feel it is necessary to look towards social enterprise as one of the ways forward. The Charity has cut its core costs by way of green projects such as bio diesel and other energy saving projects. With no statutory funding these measures are deemed to be necessary for the ongoing life of the Charity and to enable us to continue to provide activities for the young people of the borough. So far we have managed to sustain ourselves.
continued
Page 2
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
## **Report of the trustees for the year ended 31 March 2021 (continued)**
## **Financial Review**
## Reserves Policy
The Trustees have examined the charity's requirements for reserves in light of future expected expenditure. The Chairity's reserves policy (excluding any designated or restricted reserves) is to maintain sufficient funds for the following year's annual running and fundraising costs. The management committee, currently consider that the ideal level of reserves would be £40,000.
Details of designated funds can be found in note 6 to the financial statements.
## Financial Statements Preparation
The financial statements have been prepared in accordance with the Companies Act 2006, the Charities Act 2011, the Memoranduin and Articles of Association and Accounting and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended practice applicable to charifies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 Section 1A for Smaller Entities.
This report was approved by the Board on 29 December 2021.
Mrs A Hayes (Chair)
Page 3
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
## **Accountants' Report**
## **for the year ended 31 March 2021**
Accountants' report to the trustees of Nuneaton Club for Young People (Incorporating Nuneaton Boys Club) Limited.
You consider that the company is exempt from an audit for the year ended 31 March 2021.
You acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These responsibilities include the preparing the financial statements that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the financial statements which comprise of the statement of financial activities, the balance sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.
WG Associates Chartered Certified Accountants 83 Norfolk Crescent Nuneaton CV10 8BY
Page 4
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
|**Balance Sheet**
**Company Registration Number: 5100560**
**31-Mar**
**_Note_**
**2020**
**£**
**£**
**£**
**£**
**FIXED ASSETS:**
**_2_**
6,227
3,714
**CURRENT ASSETS:**
Stock
100
100
Debtors
**_3_**
600
427
Current Account
13,364
1,040
Deposit Account
35
35
Cash in Hand
101
317
14,200
1,919
**CURRENT LIABILITIES:**
Trade Creditors
**_4_**
2,185
3,292
2,185
3,292
**NET CURRENT ASSETS / (LIABILITIES):**
**_5_**
12,015
(1,373)
**NET ASSETS:**
18,242
2,341
**REPRESENTED BY:**
FUNDS
Unrestricted Fund
17,593
1,582
Restricted Fund
**_6_**
649
759
18,242
2,341
**2021**
**31-Mar**|**Balance Sheet**
**Company Registration Number:**|**Balance Sheet**
**Company Registration Number:**|**5100560**
**£**
**2021**
**31-Mar**|**5100560**
**£**
**2021**
**31-Mar**|**£**|**31-Mar**
**2020**
**£**|**31-Mar**
**2020**
**£**|
|---|---|---|---|---|---|---|---|
|||
**£**||||||
|||100
600
13,364
35
101||6,227
100
427
1,040
35
317
1,919
3,292
3,292
12,015
18,242
17,593
649
18,242|100
427
1,040
35
317||3,714
(1,373)|
|||14,200|||1,919|||
|||2,185|||3,292|||
|||2,185|||3,292|||
|||||||||
||||||||2,341|
||||||||1,582
759|
||||||||2,341|
The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2020.
The Trustees have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their reponsibility for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view if the state of affairs of the the Company at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 386 and 387 and and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements , so far as applicable to the company.
(c) The financial statements have been prepared in accordance with the Companies Act 2006, the Charities Act 2011, the Memoranduin and Articles of Association and Accounting and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended practice applicable to charifies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 Section 1A for Smaller Entities.
The financial statements were approved by the trustees on 29th December 2021 and were signed by
Mrs A Hayes(Chair) For and on behalf of the Trustees'
Page 5
|**INCOME**
**Donations and Legacies**
NBBC Covid-19
Sundry Donations
**Other Trading Activities**
PAT Testing
Room Hire and Catering
Subscriptions
Sundry income
**TOTAL INCOME**|**Nune**|**aton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
**Statement of Financial Activities for the year ended 31 March 2021**
**£**
**£**
**_Note_**
**General**
**Purpose**
**Restricted**
**Funds**
39,500
-
1,800
-
41,300
-
-
3,455
-
-
-
10
-
3,465
-
44,765
-|**aton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
**Statement of Financial Activities for the year ended 31 March 2021**
**£**
**£**
**_Note_**
**General**
**Purpose**
**Restricted**
**Funds**
39,500
-
1,800
-
41,300
-
-
3,455
-
-
-
10
-
3,465
-
44,765
-|**2021**
**£**
**Total**
39,500
1,800
41,300
-
3,455
-
10
3,465
44,765|**2020**
**£**
**Total**
-
340|
|---|---|---|---|---|---|
|||
**Statement of Financial Activities f**|
**or the year ended 31**|||
|||
**_Note_**|
**£**
**General**
**Purpose**
39,500
1,800
41,300
-
3,455
-
10
3,465
44,765|||
||||||340
-
9,004
2,072
-|
||||||11,076|
||||||11,416|
Page 6
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
**Statement of Financial Activities for the year ended 31 March 2021 (Continued)**
|**_Note_**
**EXPENDITURE**
**Expenditure on Charitable Activites**
Resale and Refreshments
Rates, Heat and Light
Motor and Travel Expenses
Insurance and Subscriptions
Repairs and Maintenance
Printing, Postage and Stationery
Telephone
Bank Charges
Sundry Expenses
Equipment
Accountancy Fees
Depreciation of Fixtures and Fittings
**TOTAL EXPENDITURE**
**SURPLUS FOR THE YEAR**
**FUND BALANCE B/F**
**FUND BALANCE C/F**
**5**|**£**
**General**
**Purpose**
1,666
4,213
1,441
1,201
15,270
117
2,086
-
963
-
350
1,447
28,754
28,754
16,011
1,582
17,593|**£**
**Restricted**
**Funds**
-
-
-
-
-
-
-
-
-
-
-
110
110
110
(110)
759
649|**2021**
**£**
**Total**
1,666
4,213
1,441
1,201
15,270
117
2,086
-
963
-
350
1,557
28,864
28,864
15,901
2,341
18,242|**2020**
**£**
**Total**
1,547
5,464
595
570
1,840
83
811
154
622
125
350
791|
|---|---|---|---|---|
|||||12,952|
|||||12,952|
|||||(1,536)|
|||||4,014
2,341|
Page 7
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
## **Notes to the Financial Statements**
## **for the year ended 31 March 2021**
## **1. Accounting Policies**
## **Basis of Preparation**
The financial statements have been prepared in accordance with the Companies Act 2006, the Charities Act 2011, the Memoranduin and Articles of Association and Accounting and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended practice applicable to charifies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 Section 1A for Smaller Entities.
At the year end the company has net current assets of £12,015 (2020: net current liabilities £1,373). The trustees are aware of the financial constraints that is placed upon them, but are endeavouring to secure additional trustees and undertake further fund raising activities to support the company's ability to continue as a going concern. Therefore, the trustees continue to adopt the going concern basis of accounting.
## **Incoming Resources**
Income received from donations, subscriptions, grants, room hire and catering are included on an accruals basis.
## **Resources Expended**
Liabilites are recognised as resources expended as soon as there is a legal or constructive obligation committing the charitable company to the expenditure. Expenditure is included on an accruals basis.
## **Fund Accounting**
Unrestricted funds comprise those funds that the trustees are free to use in accordance with the charitable objectives.
## **Tangible Fixed Assets**
Depreciation is provided for at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and Fittings
20% on reducing balance
## **Company Status / Members Liability**
All the trustees are members of the charitable company and guarantee to contribute £1 in the event of a winding up. The company is limited by guarantee and has no share capital. Therefore, none of the trustees have an interest to declare in shares.
Page 8
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
## **Notes to the Financial Statements**
## **for the year ended 31 March 2021**
## **2. Fixed Assets Used by the Charity**
|Cost:
At 1st April 2020
Additions
Disposals
At 31 March 2021
Depreciation:
At 1st April 2020
Charge for the year
Depreciation on Disposals
At 31 March 2021
Net Book Value 31 March 2021
Net Book Value 31 March 2010
**3. Debtors**
Trade Debtors
Accrued Income & prepayments
**4. Creditors**
Trade Creditors
Other Creditors
Accruals
**5. Summary of Net Assets by Funds**|**Unrestricted**
**Funds**
**£**
5,789
11,804
17,593|**Fixtures and**
**Fittings**
**£**
36,386
4,070
-
40,456
32,672
1,557
-
34,229
6,227
3,714
**2021**
**£**
600
-
600
**2021**
**£**
1,535
25
625
2,185
**Restricted**
**Funds**
**£**
438
211
649|**Total**
**£**
36,386
4,070
-|
|---|---|---|---|
||||40,456|
||||32,672
1,557
-|
||||34,229|
||||6,227|
||||3,714|
||||**2020**
**£**
-
427|
||||427|
||||**2020**
**£**
2,634
25
633|
||||3,292|
||||**Total**
**£**
6,227
12,015|
|
Fixed Assets
Net Current Assets
Net Assets||||
||||18,242|
Page 9
## **Nuneaton Club For Young People (Incorporating Nuneaton Boys Club) Limited**
## **Notes to the Financial Statements**
**for the year ended 31 March 2021**
## **6. Restricted Income Funds**
**----- Start of picture text -----**
2021 2020
£ £
- -
Rotary Club
- -
**----- End of picture text -----**
## **7. Trustees' Expenses**
Payments made to members of the management committee during the period were as follows:
A Hayes- £3,812 for cleaning and telephone costs (2020: £Nil) J Hayes - £Nil (2020: £Nil)
J Cousins - £Nil (2020: £Nil) P Craner - £Nil (2020: £Nil) D Hayes - £Nil (2020 : £20)
During the year J Hayes made payments totalling £6,139 on behalf of the company and was repaid back £6,888 during the year.
As at 31 March 2021, the balance outstanding due to J Hayes was £333 (2020: £1,082).
Page 10