Company Registration Number 05928187 Charity Registration Number 1120361 Colehill and Wimborne Youth and Community Centre Reports and Unaudited Financial Statements For the Period Ending 30 September 2024 Clear Cut Accounts Ltd 2 West Moors Road Three Lè8ged Cross Wimborne Dorset BH216QP
Colehill and Wimborne Youth and Community Centre Contents Page Charlty Informatlon Trustees. Annual Report Statement of dlrertors, resposIbIlItIeS Independent A¢¢ountant's Report Statem?nt of Hn•nclal Actlvltles Balbnce Sheet io Movement in lunds li Notes to the accounts 12.21 ForCompanlesArt Incomeand Expenditure AccL*Unt
Colehill and Wimborne Youth and Community Centre Charity Information Company Registration Number 05928187 Charity Registration Number 1120361 Trustees Mr LGlbson Mr K R MurgatrDyd Mr N R Bridle rs P E Urquhart ReBj5tered Office The Reef Colehlll Lane Colehill Wlmborne Dorset BH217AB Independent Examlner Clear Cut Account5 Ltd 2 West Moors Road Thr&2 L&ed Cros5 Wimboi'ne Dorset BH216QP
Colehill and Wimborne Youth and Community Centre Trustees, Annual Report for the year ended 30 September 20241 The Trustees preseni their Report and Accounts for the year ended 30 September 2024, whlch also comprlses the Directors, Report required by the Companies Act 2006. Reference and admlhlstr&tlve details The charlty name. The legal name of the charity is.'- Colehill & Wimborne Youth and Cornmunity Centre The char)ty15 also known by It5 operatlng name, The Reel. The charlty's areas oper?tlon and UK ch?ritsble reslstratlon, The charity is registered in England & Wale5 Wlth the Charity Commission in England & Wales ICCEWI wlrh charllv numbpr 1120361 L•8al structure of the charlty The charlty Is con5tltuted as a compaiiy Ilmlted by guarantee, re8isl.ered under the Coinpanies A¢1. The 8gvernin8 document of the charlty15 the Memorandum and Articles of Assoclatlon establlshlng the compèny under company By operatlon ol law all, trustees are director5 under the Companie5 Act 2006 and all directors are trusiee5 under Charities legislation and have responsibilliies, a5 such. under boih Company and charity legislation. The tru5tee5 are all Indlvlduals. The prln¢ip•l operating addre. telephone number. ernall and web addresses of the charlty are:. The Reef Colehill and Wlmborne Youlh and Community Centre Colehill Lane, Colehill Wimborne Dorsel H217AB Thè rlStered office Df the charlty foy Companles Act purposes Is the same as the operatln8 address shown above. The followln¥ persons served as Trustees durin8 the year ended 30 September 2024:. The trustees who served as a tiustee In the reportlng peri¢d, and, if applicable, their dates of appointment oi reslgnatlon durlng the year were:. Name r L Gibson Ichairl r M R Kenist¢n r K R Murgairoyd MrA Todd Mr N R Bridle Mrs P E Urquhart Appoiiiled Resl8ned/Rethred 22 May 2024 22 May 2024 22 May 2024 Member Colehlll Parlsh Council TrusteÈs are appointed by the solè member, Colehill Parish Council. The total numbet olTrustees must be betsveen 3 and 7, with 2 to 5 serving Councillors and up to 2 Independent Member5.
Colehill and Wimborne Youth and Community Centre Trustees. Annual Report for the year ended 30 September 20211 Objects and actmtles of the charlty The purp05e5 of the charlty as set out In Its 8overnln8 document Promote the benefit of the youn8 people and other inhabitants of Colehlll, Wimbome and the 5urroundln8 area without distinction ol sex. sexual orientation. race or ot political, religious or other opinions, by a5sociatin8 together the said irbhabltants and the loc31 authorltles, voluntary and oth¢r or8anlzations In a common elforL lo adv(iTrce education and to provide facilltles in the Intei'ests of soti21 welfare for re¢reation and leisure-time otcupation with the object of Improving the Conciitions of life for the said inhaL)itants,' Establish or secure the establishment of, a Youth and Commlinlty Cerntre and io maintain and man88e the same Iwhether alone or in co-operation with any local authority or other person or body) in furtheran of these object5 Promote such other charitable purposes as may from tlmo to tlme be determlned. The rnaln artlvltles undertaken In relotlon to t1105e purp05eJi durlng th• year I ne aims or Ine ¢narity are.. To fundraise from a v#riety of souice5 to maintaiD and 5UStain a multi-use Youth and Community Centre, To hlre rooms of the bulldlng for the use of family parties, clubs, socleLles and lotal buslnèsses, To develop a range of actlvltles for the community, older people, children and young people To work with a range of agencies to con51der what servi¢es are available fei the community, idenlify where there afe unmei needs and develtsp provision to mept those need5. 5taternent ¢onflrmlnB whether the trustees have hod reyr(I to the iuldanc• Issued by th• Charlty Commlsslon on publlc beneflt We hève referred to the Charlty Commission's guidance on public benefit when reviewing our alms and oblectives Alms and Oble¢tlves The crItIeS stratè8les for •chlevlnB Its alrns and obleftlve5 In the future ro eompleie ihe aims, we have develoiped a new operating model whl¢h will be tran51tloned to over 3 years, Thi5 has seen new trustee5 appolnted and supported by professional Staff. These accounts have been produced after year I of the transition. rhls process commenced by outsour¢ln8 the Ytyuth Club tD Dorset Youth Associatlon and the admlnlstratSon to Colehill Parish Council. How the a¢tivitles undert8ken durlnK the year contrlbuted to the achiement ol the alm5 and oblectlves. The Youth Club contlnu25 to be promoted and supportèd. the fèe lÈvèl has bèen reducL>d and the range of youth setvi5 0fferEd has been expanded. Thls ha5 grown the number of attendee5. The number of community events has been increased to at least One pÈr month, and the number of community 5ervlce5 Qffered has been in¢reased. This ¢ontinue5 to attract local resldent5 Into the venue. many foi the first time.
Colehill and Wimborne Youth and Commiinity Centre Trustees. Annual Report for the year ended 30 September 2024 Achlevernent5 and Performance Summary of the maln achievemèftts of the chjrltyi Identlfyln8 the difference the ¢harlty's work ha$ made to the clrcumstsnces of Its beneficlarles and any wlder benefits to society as a whole. We average c28 regular club5/classe5 meetlns on a weekly ba515 attended by c 350 local re5ident5. The number of private functlons has increased from 4 to 12 per month, typically with c 30 attendees. We have donated free use of our space to 4 local charities aNd community groups. The youth club is typically attended by 40 to SO children each week. During the 23124 academic year the total number OF atleftdances was 1,471. Our evernts and activities in total are benefittin8 c2,QOO attendees each month. Achlevement5 Jyln5t oblectlve5 Set Our totsl Income exceeded eypectstlons by 8rowln8 49% compared to the prlor year. Room hlrir8 being the largest Component 8rowin8 by 27%. Ourtotal running costs grew by 31% c £10,000 less than anticipated. We are on track against the 3 year business plan to become profitable In 2024125. Performanee ol fundralsltti •¢tlvhles •g•lnst oblettlves set Our fundra151n6 durlng the year raised £3.849 Irorn events and donation5 up Irorn £2,6911 last year. This wa5 drtven by successful community evenls includin8 School Uniform donations and a Cream tea. Investment perfomiance &8ainstoble¢tfves É40,CNJO of our reserves are held in a of I year and 3 yèar Investment bonds, seeklng to maximlse our rèturn while interest rates remain high. Flnancial Review R•vl•w af the charlty's flnanclal posltlon It thè end of the perlod Thls Is our el8hth set of account5 for Colehill & Wirnborne Yauth & Comrnunity Centre operatiTh8 as a business. Our flnanclal posltlon at the end gf the year remaln5 very strong, Wlth c £94,000 held in the bank and in long term Investments. Durlng the year we successfully grew the Income from both room hlrlngs and donatlon5, whlle recelvlng £9,000 in granis. We are now well posilioned to 5UStain the Increased operalion Costs from outsourcing our ¥outh club and administration. St&tsment explginin8 the p)Il¢y Ir•r holdlttÉ re$erves stating why they are held We currently hold si8nificant reseNes because of a Ii>gacy i55ue From the construction of our building in 2016, We anticipate sperndin8 ¢ £66,OCX) during 2025 to fully rectify the issue. v ihe end ol our next ff nanclal year we ani5¢lpate our unrestr1cted reseNes will stand ai c £34,000 whi¢h equates to about 7 months of our current operating costs. Amount ol reserves held Unrestrlcted reseive5 avaSlable to the trustees have reduced from £103,816 to £95,936.
Colehill and Wimborne Youth and Community Centre Trustees, Annual Report for the year ended 30 September 20241 The charltvs prlncipal sourtes ol funds Ilncludlng any fundraSslngl Room hiring5. dDn3tion5 3nd youth club mernber5hip subscriptions were ts1 principal sources of funds. Investment polky and oblectlves Includln8 ary soclal Investment pollcy adopte Reserves are invested in fixed term bonds protected by the Firbancial Services Compen53tlon Scheme. A descrlptlon of the prlnclpal rlsks faclng the tharlty The main risk relates t(J a legacy issue from the Constructlon of the buildin8 in 2016. The wronÉ type ol- rènder was applied and this 15 St3rting to fail. We've gbt21ned qLiolatlons to undertake the nece55ary rectlfication durlns 2025 and are happy we can fund this from our reserves. strurture, Governance and Management Thè tompany Is gtsverned by Its Artlcles of Assotlatian as rÈvlsÈd In February 2024. The charity is conslituted as a Company limited by guarantee. Trustee5 are appointed by Ihe sole mernber, Colehill Parlsh Councll. The total number of Trustees must be between 3 and 7, with 2 to S 5ervin8 Councillor5 and up to 2 Independent member5. Poll¢le$ and prwedures adoptsd lor the Inductlon and trainlng of trusie¢s Procedure5 are generally in accordance with para's SA to 6.6 inclusive of the Charity Commi55ion Guldance In FlThdin8 land appolntingl new tlUSEees.' What charities need to know. Reladon$hlp wfth •ny r*latsd p•rtles We pay Colehlll Parlsh Council, OL4f 501e member to provide admlnlsiratlon suppon for the ¢h3ritv. We outsource the running of our Youth Club to Dorset Youth A550¢iatlon IDYAI.
Colehill and Wimborne Youth and Community Centre Statement of the Directors, and Trustees, Resporislbilltles for the year ended 30 September 2024 The charity's trStee5 are responsible for the preparacion of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Repoits) Regulation5 2008. Noiwithstandingthe expllclt qUirement ITh the eytant statutory regulations, the Charities (Accounts 2nd Reports) Regulations 2008, to prepare the flnancial statements in accordance wlth the SORP 2005, In vlew ol the fact that the SORP 2005 ha5 been withdrawn. the trustees dètermin2d to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recomme.nded Practlce for Accountin8 and Reporlin8 by Charbtlesl 2019, (The SORPI, In particular, the Companles Act 2006 and charlty law fequife the Board of Tru5tee5 to prepare financial statements for each financial year which 8ive a true and falr vlew of the state of affairs of the charlty as Bt the end of the Ilnanclal year and of the surplu5 or deficit of the charity. In preparing those financlol 5tatemerbts the Board Is required to:. to prepare the accounts In attordance wlth United Kingdom Generalfy Accepted Accounting Practlcè (United Kin8dom Accourbting Standards and applicable18wl. select suitable accountlll8 policles and apply them ¢onslstently', make lud8ements and estlmJtes that are reasonable and prudent,. prepare the flnan¢ial 5tatement5 Qn the ÉL)in8 concern basls unless tt Is inappropriate to presume that ihe charity will continue in buslness state whether applicable accountin8 Standards and statements of recommended prartice have been followed, subject to any mateilal departures dlsclosed and explained in the financial statement5. The law requires that the trustees must not approve the accounts uhlÈss they are sailsfled thai they glve a true and klr vlew of the status of affairs of the charjty and of the surplus or deficlt of the charity for the year. The Trustees are also responsible for rraintainin8 adequate atc¢unting records whlch disclose wlth reasonatsle accuracv at any time the finarn¢ial position ol the charity and whlch are suffltient to show and explain the ¢haritY'5 transactions and enable ihem to ensure that the flnaneial statements comply wlth the Companies Act 26 and comply wh regulations made under the Charities Act. They are also responsible lor safeguarding the assets of the charlty and hence for taking reasonable steps for the prevention and detection of fraud and other Irreqularities, The Trustee5 are also responsible for the contents of the Trustees, report. and the st8lutory responslblllty of the Independent Examiner in relation to the Trustees, report is limlted to examinlng the report and ensurlng that, on the face of the report. there are no materlal inconslstencies with the figures diselo5ed in the Ilnanclal statéments. Method of preparatlon of •ccounts- Small Company provlsion5 rhe financial statements are set out on pages 9 to 23. The ffinancial statements have been prepared implementing the FRS 102 SORP (Stalement of Recnmmènded Practlce for Accounting and Reporting by Charltlesl 2019, IThe SORPI ènd in accordarice with the Financlal Reportin8 Standard 102, leffectlve 1st January 20161 These flnaneial statements have been prep8red In acctyrdaThce with rhe provi51ons In Part 15 of the Companies Act 2006. applicable to companies subiect to the Small companies reglme. This repon was approved by the board oftrustees on 10th Dember 2024 Leslie Gibson Director and Truste
Colehill and Wimborne Youth and Community Centre Accountants, Report Rèport of the Indèpèndent Examlnerto the Trustees of the charltablecompanii on the ac¢ounts for the year ended 30 September 2024 l port to the Trustees on my examination OF the finanaal 5tatement5 of the chari'lable company on pages 9 to 23 for the year ended 30 Septembef 2024 which have been prepared in accordance with the Charlties Act 2011 (the Act) ènd with the Financial Reporting Slandard 102, (effective 1st January 20161 as modlfied by FRS 102 SORP Istaternent of Recornmended Practice lor Accountin8 and Reportin8 by Charities12019, (The SORPI, publlshéd by thè Charlty Commlsslon In England & Wale5 ICCEWI, and under the historical cost conveiitlon and the accountlng pollcles set out In the notes. Respective responsibilitie5 of Ihe Trustees and the Independenrt Examlner and the basi5 of the report As dèscrlbed on page 23, you. the charitable company's Trustees, who are a150.the Directors of the Company for the purposes of Comphny law, are responsible for the preparation of the financial Statements In accordance with the Companies Act 2006, the Charities Act 2011 and all other applioble law and with United Kingdom Generally Accepted Accountlng Practlce, appllcable to smallèr entlties, and for belng satlsfled that the financial statements give a true and fair view. The Trustees consider that the audit requirernent of Section 14411) of the Charltles Act 2011 (the Attl does not apply, and that there is no requirement In thè mèmorandum and artlcles of the chdrity for the conducting of an audit, and that the accounts do not require art audit in accordance wlth Part 16 of the Companies Act 2006 and that no member or members have requested an aud¢t pursuant to Settlon 476 of the Companies Act 2006. As a consequence, the Trustee5 have elected that the flnanclal statempnts be subject r.o independent examination. Havlng satisfled myself that the finJn¢lal statements are not required to be audited under any legal provlslon, or otherwise, and are eligible for independent examlnatlon. It Is my responslblllty to:. al examlné the financlal statements of the charlty under Section 145 of the Act,. bl follow the applitable procedure5 in the directions given by the Charity Cornmission under sectlon 14SISllbl of the Act Basis of Indepeftdeni Ex•miner's statement and scope of work undertaken I report In respect of my examination of the charity'5 financial statements carrled out under $145 Df the Act. In ¢arryini out my exarnination, I have followed all the appllcable dlrections given by the Charity CommSsslon under section 14515llbl of the Act setting out the duties of an independent examlner In relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the ?oUntIng svstems employed by the charitsble conipany and a comparison of the financial ststements presented with those records. It also includes consideratlon of any unusual item5 or disclosures in the financi315tatements, and seeking explanations from you, as Trustees, ¢oncernin8 such matters, The purpose ol the examination is to establish as far as possible that the have been no breaches of chartty legislation and that, on a test basis of evidence relevant to the amovnts and dlsclosures made, the flnancial staternent5 comply wtth the 50RP. The procedure5 undertaken do not provlde all the evidence that would be required In an audit, and informatlon supplied by thè Trustees in the course of the èKHrnination is not subjected to audit tests or enqulFles and does not cover all the matters that an auditor would consider In arriving at an opinion. I'he plannlng and conduct of an audit goes beyond the limited assurance that an independent examination can provlde.
Colehill and Wimborne Youth and Community Centre Accountants, Report Consequently, I do not e¥pre55 an audit opinlon on the view given by thè financial stat&rnents, and In particular, l express no opinion as to whethef the financial statements give a true and fair vlew of the affairs of thè charitv, and my report is limited to the matters set out in the statement below. I planned and performed my examination so as to satisfy myself that the objectives of the independerit examlnatlon are achleved and beforè finalising the report l obtsined written assurances from the Trustees of all material matters. Independent EKamlner's stateme, Report and Oplnlon Subject to the limitations upon the scope of my work as detalled above, I have completed my examination.. and can confirm that'.- The accounts of thls charitsble company are not qUired to be audlted under Part 16 of the Companies Act 2006,. This is a report in respect of an examination carrled out under 145 of the Act and in accordan with Direction5 Iven by the CharSty Commlsslon under section 1451Sllbl of the Att which may be applicable; and that no material matters have come to rny attentlon In connectlon wlth the examinatltsn giving me cause to believe that in any material respect:. accounting recorcjs were not kept In respect of the charity as required by Sectlon 386 of the Companies Act 2006 and Section 130of The Charities Act 2011,. the financial statements do not accord with those records,. or the financ4al ststements do not comply with the applicable requiren7ents concernlng the form and content of accounts set out in section 396 of the Cornpanles Act 2001) other than any requirement that the accounts glve a 'true and fair, view, which is not a matter ¢on5idered as Part of an Independent examlnatlon. have nct been prepared in aecordancè wlth thé methods and prlnclples set out in the FRS 102 SORP (Statement of Recommended Prar.tice for Accountln& and Reporting by Charitie51 2019, (The SORPI. I have no concerns and have come across no other mètter5 In connectlon wlth the examlnation to which attention should be drawn In ihis report in order to enable a proper understanding of the financlal statèmants to be reached. Slgned: P Rlchardson ACMA Chartered Management Accountant Clear CLrt Accounts Ltd Date:
Colehill and Wimborne Youth and Community Centre Statement of Financial Activities for the year ended 30 September 2024 Siatement of Flnanclal Aetivitles Ilneludlng the Income and Expendlturé Aecauni forthÈ y¢ar er& 10 Mlber 2Q24, aB reqIred bythÈ Cow¥anièsALt 20061 uni.estr1Éd fund5 R¢strfi¢t¢d iwome funds En(b)wrnent Nls Prioryear funds Total fund$ Income INot¢ 31 Income andendowments from.. IN8leS 11,485 38,-521 I,ooo 11,485 38521 688 32,498 Otrrty•dlr•4CVVIty•S Intr[t 1,618 2,166 196 53.368 Othr 196 5&75r Total Expendlture INote$ 61 1,618 36,523 ExpÈndltuie c.. 62,101 61,lQl 6,856 6,8S6 68,957 68,957 51.073 5I073 rotsl N•t IrKom•ll•xp•ndlturnl b•lore taxfortho raportlh8 period Tlx payablè Net In¢omglleKp•ndlturg1 aftertsx before Inveilmentls/lknsSe$l i 151(10111loTh lThvestments Netlneomèll•xpendlturel Extmordlmry It•rns Tvanslers bÈtw¢¢A lunds otr rètowlsed 8alnsl1l1e$I. I1351) 16,8561 1,618 115,5891 114,5501 1103511 16,8561 1,618 115,5891 1145501 110,3511 16,8561 L61B IIS.5891 1145501 124Q701 24,070 G4in$4Thd I%1 on r&1tIoOI1IWd411 f¢rih¢ih•tlVsownuJ• 620 Netmovementlnfvnds 153.8011 17,4761 25ffj88 115,589 1145501 Reton¢lllotlon oAfvnd5.' 64,332 ao,$31 48G,515 479m9 61,220 56.908 612,067 596,478 626.617 12,067 TotalAund5 currled
Colehill and Wimborne Youth and Community Centre Registered number: Balance Sheet as at 30 September 2024 05928187 Restrl¢ted Unre5trirted Incomo funds funds Endowment Tot#1 this Totsl last funds year year Flxed assets Tangible Assets 23,770 479,039 S02,809 508,281 Current J5sets Inventories Trade Debtors 971 971 1,875 93,985 101,911 Cash at bank 7,077 86,908 Credltors: amounts falllng due wlthln one year Net Current Assets 86,908 94,956 103,786 86.908 597,765 612,067 Total assets plus current assets 31,818 479.039 Provlsions for liabilitie5 1,287 1,287 Net Assets 479.039 86,908 596,478 612,067 Funds ofthe Charity Enéowment fund5 (Note 151 Restricted income funds (Note 151 Unrestricted funds Total Funds 36,908 36,908 61,219 479,039 486,515 50,000 80,S31 64,333 86,908 596,478 612,067 479,039 30,5JI 479,039 The company was entltled to exemption from audit under $477 of the Companles Act, 2006 LatIng to small companie5. The members have not requlred the company ta obtain an audit in accordance with sectlon 476 of the Companle5 Act 2006. The dlrectors acknowlÈdge their responsibilities for complying with the requireinents of the Compinle5 Act with respect to accounting record5 and the preparation of accoLints. These accounts have been prepared Sn accordance with tho provisions applicable to small companies subject to the small comp8nles regime and in aCcOr(lan with FRS102 SORP. Nigel 8ridle Director Approved by the board on 10 December 2024 10
Colehill and Wimborne Youth and Community Centre Movements In revenue and capital funds for the year ended 30 September 2024 Revénue actumulated funds Unrestricted Restrlcted Income Endowment Total thls funds funds funds ye•r Tot81 last year Atcumulated fund$ brought forward Recogni5ed Bains and losses before transfer5 64,332 61,220 125.552 136,625 64,332 61,220 136,625 IFroml/ To unrestrlcted revenue funds 133.8011 25,68 18,1131 111,0741 Closin8 revenu• funds 30,531 86,908 117,439 125,551 Flxed asset funds De51gnated ftsnd5 Re5trictqd flxed Endowment Toial thls asset funds funds v•ar Toial last vear Al l October 50,000 486,515 150.0001 486,515 489,991 Transfer Itol I Irom revenue funds At 30 Seplember 7,476 7,476 3,4761 50,000 479,039 50,ODO 479,039 486,515 Summary of funds Uftrestrlcted & t>e51gnated funds Endowment Total tblls funds year Total last vear Re5trlcted funds Revenue accumulatod funds Fixed asset funds Total funds 30,531 50,000 80,531 86,908 50,0001 36,908 117,439 479,039 596 478 125,551 486,515 612,066 479,039 479,039 11
Colehill and Wimborne Youth and Community Centre Notes to the Financial Statements for the year ended 30 September 2024 l. Ac¢ountln8 pollcles Politi•s ielatinff to the produ¢rlon of the accounts. Basls of preparntlon and accountlng conventlon The accounts have been prepared on the accruals bass, underthe the h$torlcal cost conventlon, and In accordance with Financial Reportingstandard 102, leffecrive Istlanuary 20161 and FRS 102 SORP Istatemeni of Recornrnended Practlce forAccountinA and Reporting by Charities) 2019, (The SORPI, publlshed b¥the Charty Commission in England & Ivales ICCEWI, èffectlwe january 2019, and in accordance wlth 3113ppliiable law In the rharity's Iuii5diction Df registration, except thattlie charity 113$ prepdfEd the financlal statements in accordan wlth the FR5 102 SORP1st3tement of Recomrnended Poctice lor Aceouniing Jnd Reporting by Charttlesl 3019, (The SORPI, in preference tothe prevlous SORP, the SORP 2n05, whlch has been withdfawn. notwithstanding thefoct thotth• e%tant statutDry regulations, the Charities (Accounts Report51 Ro8ulaTlon5 28 referexplicitly to the SORP 2005. This has been don* to Iccord with current best pract1. Al$ks ar tlrture issumptb)ni The charity has adopted the recornrnendation5 of 'Statempnt of flecomnienéed practice ISORPI- Acci>unting and Reportlng by Charhies March 2005, and consideration is given tfj the maloi. strat¥i¢ buslness and awraiion41 rlsks which tho club faces. Poieniial ri5k5 faced by the tharlty are Identlfied, and the trustee% and mar)agement team assess these risks in Ofder to mitigate the ¢hèrtys exposure. The trustee5 formally revlew r1sks an a regular ba515. The charrty is a public benellt ejtity. Polkies relatlnq to catellorles of Income Income recnIt10Th. Natum af Incorne Gross Income represents the value, net of value added tax and dlscounis, ol goods provlded to ¢ustomer5 and work c3rrled out In respect Df serv1S provided to CUStomer5. iorIeS of Income Income15 cateBcrised as inconie from exchHnge tran5èCtlons Iconir?Cl Iricomel and Income frDrn nonxChange transattion5 Iglftsl, investment incon)é and other Income. Incorne frDrn exchange transactK)ng Is recelved by the ¢harlty for8oods or 5ervlces supplled undercontract or whèie entitlement Is sublettto lulflling performance related conditions. Thè incomÈ the eharlty recelvesls approxlrnately equal In value to the goods or servlcès suppllÈd by the charltyto the purch3s&i. Incomefrom a non-exchange transadlon Is where the charty recelve5 value from the donor without providingeouèl value In exchanEe, and Includes donatlDn5 of money, goods and serwlces freely given wlthout gi¥AnE equal value In exchange. In¢om• ra(1¢10Th Income. whether from exthanse or non exc113nge tran53cilons, is recognisÈd in the statement of financial èctivities ISOFAI on a recelvable basls, whÈn a trAnsaction or other event results In an increase in the charity'5 assets or redtsction in Its Ilabllnle5 and only when the charlty ha5126al entltleryient, the income is probable and can be measured reliablv. Income sublett to terms and condhiDn5 whith must be rnet before the charity is entitled to the resources Is not recognised unfjl the condltlons have been met. All Incorne15 acwuThted for gross, belore deductin8 any related fees or costs. 12
Colehill and Wirnborne Youth and Community Centre Notes to the Flnancial Statements for the year ended 30 September 2024 Poll¢les r¢latlnK to expendltute 8oods ¥nd servlces provlded to the charfty. RecoBnltlon of Ilabllltle5 and expendlture A Ilability and the T&ted expenditure, is recognised when 3 legal or constructive evenL and when obliEation x15t5 as a result of a past ev&nt It Is more Ilkety than not th3t a transfer of econoinlc benefits will be required in setdement 3n(J when the amwnr of the obllgatlon can be measured or rellably estlmated. Allo¢atlni c06ts to 1cl1145 Dlrecr costs that are specilicèlly lated to èn activityare allocated to thzt actlvlry. Shared dlrert C05ts and suppart costs are treated as such and noi apporfloned between atiwitie5. lJollcles relatlng to ssèts. Ilabllltles and prov15Ion5 and oth¥r matters. Tanilble 455ets All tanglble ILYed assets 3re rneasurecl ai thelrodElnal cost Value less dÈpreclatlon. Cost value Include$ 311 costs èxpended in brlnglng the a55et into $ Snten4ed worklng condltlon. Item5 of le55 than ÉIOO are not capltsllsed. DeprKlatlon h¥5 been provlded at the followin4 rates Iii order to wrlte off ihe assets to thelr antlclpated re51dual valuè ovèr estimaie(J useful lives Land & Bulldlngs Garden Equipment FIKtures & Ff(tlngs Computer Equlpment 1% straight Ilne IO% straight Ilne 20% strai8ht Line 33% Strah[ line A rèiulèr annual revièw of the Ilkellhood of asset lrnpalrment 15 undeTLdken. The basls of thls review is that the assets are eximined fr)r thelr approprlatene55 and suitability to thelr current use, )nd that the a$5et In questlon ks not mèterially belDW it5 boDk value. At¢ountlnifor ¢•plt•l 8r•Tht5 and Ib(ed ilget funds. Grft5 of tangible flxed assets or 8rants of a capitol nature, ilven for the purpu%e5 of 3cqulrlng 5pecllic asstrts uti115ed In th& furtherance of the oblecrs of the charity, are credlted tg fixed asset fund5 ?ftr the donarÈd assèt has betn I'èceived or sums have been properly expended on the re5trlcted purpose. Where the terms of the requlre the charityto hold tlie asset on an Dhgding basls for 3 speciflc purpose, thern the ted asset fund 50 created Is rategorlsed as a restricted fixed asset fund, and the lean1 re5trictlDns ao noted lrt the fixèd asset note IQ. Wherethe term5 of the Aift are met once the asset 55 acquired, 50 allowln8 the charity to use tho a55et ori an n$trIcted basls. including the riÈht to receive the proceeds of ènyfut'ure sale of the assd on an unre5trlLted bas15, then the fixed asset fvnd 50 created15 Cate@Drf$ed a$ ¥ dttslgn•ted fixÈd asset fund. Whèn assets are acquired for the furthe13nce of the charity's objer.ts, urlllslngthe charity's own unrestricted funds. o tran5f#r 1$ made from unrestricted fund5 to a de$ignai•d Ixéd asset fund. Whether acquid with unrestricted or restrlcted funds, the asset acquired is IniallYshown In ihe bèlance sheet 3t the full wst of acquisltion or subseouènt revaluatlon. A5 the related assets a deprecièted. In aCEordsnce wkh the depréclatlon pollry, in orderto lIett the dlmunifion In the a$5eL a traWer1s made from the relevant IIKed a55et funds to efther unre5trictEd or re5trlcted revÈnue funds, as approprfate to the terms of the orfÉinal irft, If any. The effett Of th15 pollcy b thatthe a$Eate of a11 fixed asset funds shall equate to the net bookvalue of fixed èssets. 13
Colehill and Wimborne Youth and Community Centre Notes to the Financial Statements r the year ended 30 September 2024 Debtors Debtors are measured at their recoverable amount5 at the balance sheetdate. Fin#rtd•l Instrumtnis lrtdwllnB ¢•$h ahd barik b)l•fyces Cash held by the charity is included at the aryouht actually held and counted at the year end. Bank balance5. whether credf( or overrjrawn, are Shown at the amounts properly reconclled to the baAk statemenrs. Fund Accountln8 Unrestricted fvnd5 are avallable for use at the dlscretlon of the trustees In furtherance of the oen*ral Objecte$ of the charlty Deslgnated fund5 are unrestrf£ted fund5 earmarked by the TnJstee5 for a particular purpos&s. Restrlcred funds are subjected tD restrktlDns on thelrexpenditure imposed by the donor or througli the terrn5 of an ppeal Dr as Implled by law. 2. Lloblllty to taxatlon The Tiusiees consider that the charity satlsfle5 the tests set OLbt ln par?graph l. Schedule 6 of the Flnance Acr 2010 lar iJK corporaiion tax purpose5. Accordingty, the Chaikty Is potentlally exempt from taxation in rospect ol income or capltdl galn5 received wlthln categotles covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Settlon 256 of the Tax8tion of CharEeable Galn5 AEt 1992, lo the pxtent that such Incorne or8alns are hpplled e¥clu51vely on the Specific charltable oblects of the charlty and for Other purpose. Value Added Tax Is not recoverable by the charltyi and is therefore induded in the relEv8ntcosts In the Statement ol Flnanclil Actlvhlés. 3. Wlndlni up ordlisolutlon of the charlty If upon wlTtdln8 up or d155olthlgn of the ch?rtty there remaln anya55ets, after Thé $atlsfactlon of all dèbts and Itabilirles, the a55ets repr&sentecl by the accumulared fund shall be transf&rred to some othe.r ch¥rit?ble body or bodies h4Yln8 simllar obletts to thè charitv. 4. Sl8nlllcance of flnanclal Instruments to the ¢harlty's Posltlon There are no $i8nilicant implicatlons for the charlty's flnancl81 position arisini out Df linanclal In5trument5. S. N•t Id•llcltllsurplui Wor• tsx In the Ilnanclal yèar 2024 2023 The net Ideftckllsurplus beforé tax In the financlal yèar Is aftèr chargin Depreclatlon of owned fvrted ass•ts Pension costs 8,013 4,580 8,013 4.580 14
Colehill and Wimborne Youth and Community Centre Notes to the Flnancial Statements for the year ended 30 September 2024 6. Donated pod5, Se1(¢5 and fa<llltles Current year UnrstrIcted Funds 2024 CLJrrent year Restricted Currentyeai Furids Total fund5 2024 Prior Year Total Funds 2023 2024 Included In LegaclEs and Donations:. Gffts In klnd, donated seTvices and faCIlleS 2,48S 2,485 688 7. Staff costs and emoluments S•lary Costs 2024 2023 Gross Salarfe5 excludln8 trustees aftd key mana8ement personnel EmplL)yer'5 Natlonal lfisuronce for all s(aff Employer's operating costs of defined contrlbutlon pension 5chernes Total salaries, wages afid rplated cost5 489 Numbers of full tlme employees or full tlrne equlvalents 2024 2023 The Jverdlle number of total stsff employed In the yearw85 The estirnated full tlrne equlvalent numberof all staff employed In tho yiar was The estlmated ègu31ent nurnberorlull time stslf deplayed in different actfvlte5 In the yeirwas:. Eng38ed Qn charltable actwitie5 Th• estlmat•d full time equlvani number olall Staff employed as above Neltherthe trustees nor any persons connected with them have retelved aiiy rernuneratlon Irorn thé charlty or any lated entlty, elther In the current or prlor yèar Nts etnployees recelved emolumènts lexdudlrtg penslon c¢stsl in exte55 of £60.000 per annLIrn. 8. Remuneratlon and payments to Irustses and prsons conne¢ted wlth them No tru5toe5 or per5uns connetted with them reIVed any rernuneration froTh the charlty, or any rÉilaied tnity. 9. Trustee$, empellses 2024 2023 The amount relmbursed totrustees The number of trustee5 to whom expeDse5 were reimbursed was nil.
Colehill and Wimborne Youth and ColmunitY Centre Notes to the Flnan¢ial Statements for the year ended 30 September 2024 10. Tan8lble Flxed Assets Freehold land and bulldings Fl%wres & Computer eqLJlprneni Total Cost At l October2023 Addillons DIspDs315 At 30 September2024 537.908 34,291 2,57A 5,649 5TI,8411 2.574 12,6481 577,774 16201 537,288 12,0281 3,621 56,865 Deprecl•th)n Al l Ottober2023 Charge foryear Elirninated on Disposal At 3U S•pternb•r 2024 51,393 6,856 16201 57,629 12,954 847 5,220 310 11,9951 3,535 69,567 8.013 12,6151 74,965 13,801 Nei bool valu• Af 30 September 2024 At 3a September 2023 479,659 486,51S 23,064 21,337 86 502,809 50R,?81 429 11. Debtors 2024 2023 Trade debtors Other debtors 1,951 1,795 1,951 1,795 12. Credltors.. amounts falllnl due wSthlii on• ye•i' 2024 2023 TTrde credkor5 1,287 1,287 16
Colehill and Wimborne Youth and Community Centre Notes to the Flnanclal Statements for the year ended 30 September 2024 13. Income and Expendlture account summory 2024 2023 At l Ortober Surplusllk)$51 aftei tax for the year At 30 September 612,067 115.5891 596.478 626,616 114.5491 612,067 14 Partlculars of how p•rtl¢ular fynds are rEprosont•d by assets andllablllb-es iJnresiActed funds Endowmeiit funds Restricted funds At 30 September 2024 Total funds Tan8ible FN&d A55ets Current Assets 23,770 8,048 11,2871 30,531 479,039 S02,809 94,956 11,2871 596,478 86.908 86,908 479,039 Unrestrlcted fund$ Endowmènt fund5 Restricted fund5 At l October 2023 Toral funds Tan8iblè Fixed A55ets CuryentAssets 21,766 42,566 48S,515 508,281 103,786 6J,220 64,332 61,220 486,515 612,067 15. Ch)n8e In totsl lunds Over the year as shown Notè 14, analyserj by Indlvldual fund5 TrBn5fers between Funds carried fvnds In forward to 2024 2025 Funds broulhts lomard from Movernent in 2023 funds in 2024 Unrestrl¢tsd and endowm*ntfunds Unrestricted Revenue Fund5 Endowrnént Funds Totsl unrestricted and endowment funds 64,333 61.219 125,552 19,7311 1.,618 18,1131 124,0701 24,070 30,532 86,907 117,439 Re5trlcted FLKed A55et Funds Total charlty tunds 486,515 612,067 17,4761 .5891 479,039 596,478 16. Amlysls tsf movements In fvnds over the year a5 shown In Note IS Other Gains MDvement in & Losses Fund5 Incomp Expend1¥ Unrestrlcted Revenue Funr£s Endowment Ftsnds RE5tricted Fixed A55Qt Funds 51,750 1,618 162,1011 110,3511 1,618 (6,8561 115,5891 16,8561 168,9571 53,368 17
Colehill and Wirnborne Youth and Community Centre Notes to the Flnancial Statements for the year ended 30 September 2024 17. The purpose$ for whkh the funds as detalled In note 16 are held by thè tharlty are:_ Unrestrlcted and deslBnatèd funds These fund5 are held for rneetin8 the objectSves of thÈ charhy Ind to provlde reseNes fDrfuture actlvitles, and, subject to charity legisla0Th, are free from all restrlctlons on their use. Unre5tritted Revenue Funds These funds are held fpr meetlng the objectives of the charlty, and to provide serves lor future actlvltles, and, subject 10 charlty leglslatl¢n, ère Ie from all restrittlons on tlieir use. These funds have been placed In a ghort teirn Investment to maxlrnlse the return. End¢)wment Funds Restricted funds Restrlcted FtKed Asser Funds The purpo5@ Df these fvnds 5 described under the 3ccountlng pollcy AccDuntln8 for caplt81 grants and liKed asset funds,. 18. Ultlmte controlllnB party The charlry Is under the control of its legal mLJmber. Detalled amlysls of In¢orne and expendlture for th¢ year ended 30 Sept•mb•r 2024 4$ rnqulrnd by the SORP 2015 Thls analysls Is d3$51fled byconvontlonll nomln81 dÈ5criptlons and not by artivity Prloryear $trictl0n$.All prloryear Items were unre$tricred Jnd no further anatysls Is requlred. 19. Donatlons and Le8acle5 Current year Urirestrlcted Fund5 2024 Currentyear Re5trkted Currentyear Funds Total Fund5 2024 2024 Prlor Yèar Totsl Funds 2023 Donatlon5 and glfts from Indlvlduals Small donatlons IndlvidiJ)Ily1rf5 Ihdn £lOOO To1 donatlons and Klts frDm Indlvldu•l$ 1.132 2,353 3,4#5 1,132 2,353 3,485 314 374 Grants from public sèctor GiftAid Total publk 5tOr re¢#r1ntS 8.0 8,oao 248 248 8,000 8,DOO T¢Jtal OonatTon5 and Legacles Al 11,485 11.485 936 20. IncoTh from ¢h)rltable a(tlvlt•s. Tradlng Actlvttle5 Current yèar Unre5trlcted Funds 2024 Current year Restrlrted CurrÈnt year Fund5 Total Funds 2024 2024 Prioryear Total Fund5 2023 Prlmary purpo$e and anclllary tradlng PrSmary purpose trading- Sale Df goods and seNices In accordan with the charitvs object5 Letting ol property for charitable purpDses Other Lettin85 1,488 38,021 1,000 1,488 38,021 I,DOO 1,774 29,219 I,rx)o Total Prlmary purpose and anclllary tradin8 40.509 40,509 31.993 18
Colehill and Wimborne Youth and Community Centre Notes to the Flnanclal Statements for the year ended 30 September 2024 21. InromÈ from other, non charltsble. tradin¥ actl¥itles Current year Unrestrlcted Funds 2024 Current Year Restrlcted CUrnt yèar Fund5 Total Funds 2024 2024 Prior Year Total Fund5 2023 Income from fundraislng events Total from other aetivitles 1,168 1,168 1,168 1,168 1.$04 22, Investment Income Current year Unrestrictèd Fund5 2024 Currentyear Restrtted Current year Funds Total Funds 2024 2024 Prioryeor Total Funds 2023 Bank Interest ReCeOble Total Investment Income 2,166 2,166 2,166 2,156 2,089 2,089 23. Expendlture on charltable 8ctlvltles- Dlre¢t 5p¢ndln8 Current year Unrestrlcted Funds 2024 CUrnt year Elestrlcted Current year Funds Total Funds 2024 2024 Pilor Year Total Funds 2023 G1055 wages and salarle5- charltable ictfvllies Deflned ¢ontrlbutloTh pensions costs Payment5 to Subcontractors staff tralnn& Travel snLI Subslsténce. Charitsble Actfvitles Marketlng and advertlsing of charitable servlce5 Co5t5 of good5 and 5erwlces as a tharltable aCtliV V•)tsl dlrert spendl 33,812 42 33,812 42 24,295 36 41 2,2.53 399 36,506 2,253 399 36,506 494 25,355 19
Colehill and Wimborne Youth and Community Centre Notes to the Flnanclal Statements for the year ended 30 September 2024 24, Support costs for charltable activrtles Current year UTrrestrirt Funds 2024 Current ¥e3r Restricted Current year Fund5 Total Funds 2024 2024 Prlor Year Total Funds 2023 PreMls•s EMpènsÈs Rates and water charles Light heat and power Cleaning and waste man38ernent Prem15es repairs. rer>ewals and malntenance Property and other Snsuronce5 478 478 4.502 6,084 8,146 1,577 20,7B7 332 1,849 3,279 3.875 2,226 11,561 4,502 6,084 8,146 1,577 20,787 AdmSnlstrative overhead5 Telephone, fax anLf Internet P05taKe Statlonery and prlntlni Sofh¥are licences and pxpen5es Sundry éxpense5 Equlpment, rep81r5, eKpenses and rnalntenance Sub5crlptlon5 545 1,169 621 283 237 1,416 621 22 239 886 283 237 1,416 20 3,102 3,102 2,964 Profes51onal fee5 pald to tho Jndependent Examlri¢r In addltlon to Judlt and examlnitlon f••s As dttailed in Note 26 228 228 249 Professlonal fees pald to advlsors other than the audltor or examlner Other le8al and professional Flnancljl ¢o$ts Depreciation & Arnort15atlon total 48 48 6,124 8,045 8,045 4,580 Total support Costs 32,210 32,210 25,478 The bas15 of Jllocatlon of costs betweèn attivltles Is destribed under accountlng pollcle5 25. Other Expendlture . Governance costs Current year Unrestrlcied Funds 2024 Current year Restricted Current year Funds Total Funds 2024 2024 Priol Year Total Funds 2023 Independent Exarniner's fees Totsl Governan costs 240 240 240 240 240 240 Professional fees pald to the Independent Exlminer in add10 to and examination fees 2024 2023 Additional fees pald tothè EMIne5 fimi 249 249 20
Colehill and Wimborne Youth and Community Centre Notes to the Financial Statements for the year ended 30 September 20?LII 26. Total Charltable expendltur• Current year Unrestricted Funds 2024 Current year Restricied Currentyear Funds Totsl Funds 2024 2024 Prlor Year Tot31 Funds 2023 Total dlrect spÈndlng Total sUPPOrt cost5 Total governanTr costs Total charltable expendlture 82a B2d 82* 36,506 32,210 24a 36.506 32,210 240 25,355 25,478 240 B2 68,956 68,956 51.073 21