**Charity Registration No. 1111955**
**Company Registration No. 05579516 (England and Wales)**
## **THE THANET YOUTH AND COMMUNITY CENTRE**
## **Accounts**
**FOR THE YEAR ENDED 30 SEPTEMBER 2022**
## **THE THANET YOUTH AND COMMUNITY CENTRE Annual Report and Accounts Contents**
||Page|
|---|---|
|Annual report|2-6|
|Statement of financial activities|7-8|
|Balance sheet|9|
|Notes to the accounts|10-16|
## **THE THANET YOUTH AND COMMUNITY CENTRE**
## **Company Information:**
Directors Fiona Brown Carl Fox Derek Purcell Tomas Steele Paul Stephens Damien Anyasi
Charity number 1111955
Company number 05579516
Secretary Fiona Brown
Registered office Malden Hall Herbert Street London NW5 4HD
1
**THE THANET YOUTH AND COMMUNITY CENTRE Charity Registration No.11955 Company Registration No.05579516**
The Trustees present the report and accounts for the year ended 30 September 2022.
The accounts have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Organisation incorporated in England and Wales, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
## **Structure, Governance and Management**
The Organisation incorporated in England and Wales is a company limited by guarantee, the company registration number is 05579516. The Thanet Youth and Community Centre is also registered as a charity in England and Wales, charity registration number is 1111955.
The Trustees, who are also the directors for the purpose of company law, and who served during the year were:
Fiona Brown Carl Fox Derek Purcell Tomas Steele Paul Stephens Damien Anyasi
## **Risk Management**
The Trustees has assessed the major risks to which the Organisation incorporated in England and Wales is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Objectives and activities**
The objects of the charity are to provide the benefit of the residents of the Haverstock Ward of the London Borough of Camden and all wards immediately neighbouring it, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and local authorities, voluntary and other organisations in a common effort to advance education and to provide free or affordable facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for residents and visitors to the area. There has been no change in these during the year.
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**THE THANET YOUTH AND COMMUNITY CENTRE Charity Registration No.11955 Company Registration No.05579516**
## **Investment policy**
Under the memorandum and articles of association, the charity has the power to make any investments which the trustees see fit.
## **REVIEW OF ACTIVITIES AND FINANCIAL INFORMATION**
## **Introduction:**
The Thanet Youth and Community Centre (The Thanet) is a registered charity (number 1111955) and a company limited by guarantee (No. 559616) situated in the Haverstock Ward, London Borough of Camden. It has been in operation since 1945 and from our current premises since 1962. The neighbourhood in which The Thanet is situated is affected by many inner-city problems associated with social deprivation and high levels of unemployment, and has a very diverse community, with a number of households not speaking English as their first language at home. We have sought to alleviate these problems by offering a welcoming, safe and secure environment along with a range of activities that meet the needs of our various users. Large numbers of people, young and old, use our premises regularly. We seek to serve a multicultural community by providing inclusive facilities for all. The centre is in use seven days a week from 9am to 9pm all year round.
This end-of-year financial report provides an overview of the financial performance and stability of The Thanet Youth and Community Centre over the past financial year. We have strived to manage our finances responsibly and transparently to ensure the sustainability of our programs and services for the benefit of the community. This report covers the period from 1st October 2021 to 30th September 2022.
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**THE THANET YOUTH AND COMMUNITY CENTRE Charity Registration No.11955 Company Registration No.05579516**
## **Income:**
- 1 **Grants and Funding** : We actively pursued grants and Funding from local and national government agencies and philanthropic organizations. We have received several grants throughout the year, totalling £81,367.00. The funds were utilised to support specific programmes and initiatives such as our targeted youth support programme and the work we deliver to elderly members of our community.
- 2 **Long-Term Room Hire:** Our venue provides long-term/exclusive room hire to Woodentots Montessori Nursery and Bang fashion studio as well as ongoing weekly bookings for various martial arts, dance and sports classes.
- 3 **One-Off Facility Hire:** Our community centre serves as a venue for various events and activities. We received income from renting out our facilities to individuals, groups, and organisations for meetings, workshops, classes and other events.
## **Expenses:**
- 1 **Staff Salaries:** We have a dedicated team of staff members who work tirelessly to manage and operate the community centre. Staff salaries and benefits accounted for a significant portion of our expenses.
- 2 **Facility Maintenance and Utilities:** Maintaining a safe and functional community centre requires regular maintenance, repairs, and utility expenses. These costs include cleaning services, equipment maintenance, utility bills and general upkeep of the premises.
- 3 **Programme Expenses** : We incurred expenses related to the various programs and activities we offered throughout the year. This includes costs associated with hiring instructors, purchasing equipment and supplies, and organizing events.
- 4 **Administrative and Operational Expenses:** Administrative expenses, such as office supplies, insurance, licenses and software subscriptions, were necessary to support the day-to-day operations of the community centre. Operational expenses also include marketing and promotional activities to raise awareness and attract members and Bookings.
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**THE THANET YOUTH AND COMMUNITY CENTRE Charity Registration No.11955 Company Registration No.05579516**
## **Grants Received**
## ● **John Lyons Charity - £36,700**
This grant was used to continue the delivery of our youth programme which is the core of our youth work provision and enables us to deliver a twice-weekly youth club where we provide a safe and welcoming environment where young people can come and express themselves and take part in various activities ranging from arts and fashion design to yoga and dodgeball. We also provide a healthy meal at the end of each session which is prepared and cooked by the young people.
## ● **London Borough of Camden - £30,000**
This grant was used to help us with some very important building renovations including; essential electrical work, security upgrades and additional secure storage facilities.
## ● **Uk Youth - £14,667**
The purpose of this grant was to increase our youth work scope and to increase our educational support offer and provide training and employability workshops to young people.
## **Conclusion:**
We have managed to maintain a balanced financial position throughout the year, thanks to the support of our members, community partners and generous donors. The income generated from facility hire, grants, sponsorships, and fundraising has allowed us to provide quality programs and services to the community while covering our operational expenses.
Moving forward, we will continue to explore opportunities for increasing revenue, such as seeking additional grants and sponsorships, expanding membership, and optimising our facility rentals.
By ensuring sound financial management, we can sustain and enhance our community centre's impact and provide a valuable resource for the community for years to come.
We would like to thank all of our funders and supporters for their generosity and continued support over the last year and would especially like to thank John Lyon’s Charity and Aldenham Club Trust for their continuous support for over a decade.
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**THE THANET YOUTH AND COMMUNITY CENTRE Charity Registration No.11955 Company Registration No.05579516**
On behalf of the Board of Trustees
Fiona Brown Director and Chair of the Board Dated : 22/06/2023
6
THE THANET YOUTH AND COMMUNITY CENTRE
## INDEPENDENT EXAMINER'S REPORT
## TO THE TRUSTEES OF THANET YOUTH AND COMMUNITY
CENTRE
I report on the accounts of the Organisation incorporated in England and Wales for the year ended 30 September 2022, which are set out on pages 5 to 12.
## Respective responsibilities of Trustees and examiner
The Trustees, who are also the directors of Thanet Youth and Community Centre for the purposes of company law, are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- (i) examine the accounts under section 145 of the 2011 Act;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to my attention.
## Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## Independent examiner's statement
(a) which gives me reasonable cause to believe that in any material respect the requirements:
(i) to keep accounting records in accordance with section 386 of the Companies Act 2006;and
(ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of 396 of the Companies Act 2006 and with the methods and principles of the statement of Recommended Practice: Accounting and Reporting by Charities;
7
b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date :
8
## THE THANET YOUTH AND COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022
|**Incoming resources from generated**
**funds**
Investment income
2
Incoming resources from charitable
activities
3
Other incoming resources
4
Total incoming resources
**Resources expended**
5
Charitable activities
Activites in furtherance of the charity's objects
Total resources expended
**Net (expenditure) / Income for the year**
**Net movement in funds**
**Fund balances at 1 October 2021**
**Fund balances at 30 September 2022**|**Unrestricted**
**funds**
**£**
81,467
35,555
117,022
121,597
121,597
(4,575)
29,500
24,925|**Restricted**
**funds**
**£**|**Total**
**2022**
**£**
81,467
35,555
117,022
121,597
121,597
(4,575)
29,500
24,925|**Total**
**2021**
**£**
77,286
28,867|
|---|---|---|---|---|
|||||106,153|
|||||87,381|
|||||87,381|
|||||18,772
10,728
29,500|
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
9
THE THANET YOUTH AND COMMUNITY CENTRE Registered number: BALANCE SHEET AS AT 30 SEPTEMBER 2022
|**Notes**
**Fixed assets**
Tangible assets
7
**Current assets**
Cash at bank
**Creditors: amounts**
**falling due within One**
**year**
3
**Net current assets**
**Net assets**
**Income funds**
Restricted funds
Unrestricted funds
**Shareholders' funds**|26,095
(1,308)|**2022**
**£**
138
24,787
24,925
-
24,925
24,925|30,014
(1,278)|**2021**
**£**
764
28,736|
|---|---|---|---|---|
||||||
|||||29,500|
|||||1
29,499
29,500|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2021. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The accounts were approved by the Board on
Fiona Brown
Director and Chair of the Board
Company Registration No. 0557951
10
THE THANET YOUTH AND COMMUNITY CENTRE Notes to the Accounts for the year ended 30 September 2022
Company Registration No. 05579516
- 1 Accounting policies
## 1.1 Basis of preparation
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Companies Act 2006.
## 1.2 Incoming resources
Legacies and donations
Legacies and donations are credited in the year in which they are received.
Grant income
Grant income is credited in the year in which it is received.
Investment Income
Income from investments is credited in the year in which it is received.
Interest receivable
Interest is credited in the year in which it is received.
## 1.3 Resources expended
Resources expended are included in the Statement of Financial activities on an accrual basis, inclusive of any VAT which cannot be recovered.
Allocation of expenditure
Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than on activity, are apportioned across categories on the basis of an estimate the proportion of time spent by staff on those activities.
## 1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% straight line
1.5 Fund accounting
The fund held by the charity are either
Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
11
THE THANET YOUTH AND COMMUNITY CENTRE
## Notes to the Accounts for the year ended 30
## September 2022
Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restriction arise when specified by the donor of when funds are raised for particular restricted purposes.
Endowment funds - these are funds that represent assets which must be held permanently by the charity. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments for part of the fund investment management charges and legal advice relating to the fund are charged against the fund.
|**2**
**Investment income**
**2022**
**£**
Interest receivable
-
-
**3**
**Incoming resources from charitable activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**£**
**£**
**£**
Income for use of premises
117,022
-
117,022
Included within income relating to Income for use of premises are the following grants
Grants - John Lyon's Charity
36,700
Local Givings
-
LBC Camden Alive
30,000
Other Revenue
-
Tesco Groundwork
-
YCF - Digital YW Grant
14,667
Grant
-
Donation
100
**81,467**
**4**
**Other incoming resources**
**2022**
**£**
Income for use of premises
35,555
**35,555**||**2021**
**£**
-|
|---|---|---|
|||-|
|||**2021**
**£**
106,153|
|||34,000
500
20,286
10,900
2,440
3,000
6,160
-|
|||**77,286**|
|||**2021**
**£**
28,867
**28,867**|
12
THE THANET YOUTH AND COMMUNITY CENTRE Notes to the Accounts for the year ended 30 September 2022
|**5**
**Total resources expended**
Charitable activities
Activities undertaken directly
**6**
**Activities undertaken directly**
Other costs relating to comprise:
Rates and Water
Heating and lighting
Cost of fundraising
Waste and recycling
Insurance
Office supplies & cleaning
Repairs and renewals
Telephone
Printing, postage & stationery
Legal and Professional charges
Accountancy fees
Depreciation of tangible FA
Fire Safety
Licence/ subscriptions
Sundry expenses
Catering
Marketing & website
Material for groups
Staffing cost
Youth Club
50s+ Coffee Morning
Sewing Hub
Fines and penalties|**2022**
**£**
121,596|**2021**
**£**
87,381|
|---|---|---|
||**2022**
**£**
1,144
11,047
2,000
2,983
2,262
5,298
14,796
325
-
-
1,308
626
-
3,459
312
-
376
-
15,803
57,509
2,348
-
-
121,596|**2021**
**£**
481
2,812
-
-
2,739
2,463
7,928
682
446
66
1,278
884
947
567
26
6,160
1,968
-
12,079
42,863
1,966
651
375|
|||87,381|
## **7 Tangible fixed assets**
|At 1 October 2021
At 30 September 2022|**Fixtures,**
**fittings &**
**equipment**
**£**
6,059|
|---|---|
||6,059|
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|THE THANET YOUTH AND COMMUNITY CENTRE
Notes to the Accounts for the year ended 30
September 2022
**Depreciation**
At 1 October 2021
At 30 September 2022
**Net book value**
At 30 September 2022
At 30 September 2021
**3**
**Creditors: amounts falling due within one year**
**2022**
**£**
Accruals
1,308|5,295|
|---|---|
||5,921|
||138|
||764|
||**2021**
**£**
1,278|
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THE THANET YOUTH AND COMMUNITY CENTRE Notes to the Accounts for the year ended 30 September 2022
|Fund balances at 30 September
2019 are represented by:
Tangible fixed assets
Current assets
Creditors: amounts falling due
within one year
Creditors: amounts falling due
after more than one year
Restricted fund|138
26,095
(1,308)
-
**24,925**|**-**|**138**
**26,095**
**(1,308)**
**-**
**-**
**24,925**|**764**
**30,014**
**(1,278)**
**-**
**-**
**29,500**|
|---|---|---|---|---|
15
## THE THANET YOUTH AND COMMUNITY CENTRE Detailed profit and loss account for the year ended 30 September 2022
This schedule does not form part of the statutory accounts
|**Sales**
Grants - John Lyon's Charity
Other Revenue
Tesco Groundwork
Local Givings
LBC Camden Alive
YCF - Digital YW Grant
Grant
**Cost of sales**
Rates and Water
Heating and lighting
Cost of fundraising
Waste and recycling
Insurance
Office supplies & cleaning
Repairs and renewals
Telephone
Printing, postage & stationery
Legal and Professional charges
Accountancy fees
Depreciation of tangible FA
Fire Safety
Licence/ subscriptions
Sundry expenses
Catering
Youth Club
50s+ Coffee Morning
Sewing Hub
Marketing & website
Staffing cost
Fines and penalties
**Other operating income**
Income for use of premises|2022
**£**
36,700
-
-
-
30,000
14,667
-
81,467
1,144
11,047
2,000
2,983
2,263
5,298
14,796
325
-
-
1,308
626
-
3,459
312
-
57,509
2,348
-
376
15,803
-
121,597
35,555|2021
**£**
34,000
10,900
2,440
500
20,286
3,000
6,160|
|---|---|---|
|||77,286|
|||481
2,812
-
-
2,739
2,463
7,928
682
446
66
1,278
884
947
567
26
6,160
42,863
1,966
651
1,968
12,079
375|
|||87,381|
|||28,867|
16