REGISTERED CHARITY NUMBER: 1121347
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Clapton Common Boys Club
Martin+Heller 5 North End Road London NW11 7RJ
Clapton Common Boys Club
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to the Cash Flow Statement | 8 | ||
| Notes to the Financial Statements | 9 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
Clapton Common Boys Club
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance in life and relieve the needs of children and young people through:
-
The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
-
Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
-
The promotion of any other exclusively charitable objects and purposes such as the trustees see fit, provided that they are regarded as charitable by the law of England and Wales.
Our mission
Is to ameliorate the effects of deprivation of disengaged and disadvantaged children, young people and adults. We achieve our mission by providing stimulating and constructive activities.
Our vision
Is to "Empower Young People," a world where children develop into healthy and stable individuals with positive prospects.
Our ambition
Is to empower the children and young people who join us to become partners in our programmes: their assistance makes our work a valuable success.
Our work
Is to provide bespoke activities to our target beneficiaries, supporting them to reach their maximum capabilities and potential.
Our success
Is our London Youth Quality Assurance Mark (Gold) achieved in July 2015, endorsed by the City Bridge Trust.
COMMITMENT TO QUALITY AND BEST PRACTICE
With a commitment to quality and best practice, we evaluate and monitor our programmes to improve effectiveness.
We follow the child protection procedures and work with the management teams of the schools, to ensure safeguarding issues are dealt with accordingly.
To ensure best practice, we support our youth leaders and volunteers through regular supervision, guidance and through professional assistance from senior staff members and trustees.
STAFF RECOGNITION
We value our staff and professionals and encourage their growth at the club. We offer updated training and courses to ensure they develop their personal skills.
Public benefit
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
Page 1
Clapton Common Boys Club
Report of the Trustees for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES SAFEGUARDING
Since our charity works with vulnerable children and families, safeguarding is considered the greatest inherent risk in its work. We have a framework of consents, controls, policies and reviews to mitigate the associated risks.
The focus on training and supervision is important in the control environment. We have a dedicated compliance member who supports safeguarding processes with a reporting system which ensures that concerns are flagged, and information communicated rapidly and securely.
All members of staff have up to date certification and training in accordance with regulation.
FINANCIAL REVIEW
Principal funding sources
Our activities were supported by a mixture of funding streams including private donations, grants from trusts and foundations, and users' contributions. The results for the year are shown in the attached financial statements, and the trustees are satisfied with the results for the year.
The Trustees gratefully acknowledge that the expansion of services and reach and increase in positive impact on the lives of children in the community is largely due to the substantial and generous support of the following charitable trusts and foundations, including Hackney Local Authority, Awards for All, BBC Children in Need, BIG Lottery Fund - Reaching Communities, People Postcode Trust and other supporters and community donors.
Reserves policy
The Trustees are working towards building free reserves of at least 3 months' operating costs in order to protect services where there are uncertainties as to whether funding will continue and to ensure adequate cash flow for the organisation's needs. As of this financial year end, we are well on track.
In respect of some of the projects the incoming resources in the year exceeded the outgoing resources. As explained in the Accounting Policies in Note 1 to the Financial Statements, the grant period in certain cases runs into the next financial period, and the charity is committed to the expenditure in relation to those grants in the following period.
The trustees are satisfied with the results for the year, and consider that the charity is in a healthy financial position.
FUTURE PLANS
Our aims and targets for the coming year are to continue expanding on our current services and programmes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted and governed by a Trust Deed dated 27 December 2006. The charity is managed and controlled by the trustees, who meet regularly.
Recruitment and appointment of new trustees
It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, training and induction procedures.
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
The trustees continually review the risks that the charity may be exposed to from time to time, and take appropriate action as required.
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Clapton Common Boys Club
Report of the Trustees for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1121347
Principal address
1 Belz Terrace London E5 9SN
Trustees
J Baumgarten A Klein S Rand
Independent Examiner
A Heller FCA Martin+Heller 5 North End Road London NW11 7RJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... J Baumgarten - Trustee
Page 3
Independent Examiner's Report to the Trustees of Clapton Common Boys Club
Independent examiner's report to the trustees of Clapton Common Boys Club
I report to the charity trustees on my examination of the accounts of Clapton Common Boys Club (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A Heller FCA
Martin+Heller 5 North End Road London NW11 7RJ
Date: .............................................
Page 4
Clapton Common Boys Club
Statement of Financial Activities for the Year Ended 31 March 2024
| Year Ended 31/3/24 Unrestricted Restricted Total fund fund funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 25,763 371,515 397,278 EXPENDITURE ON Raising funds 3 119 - 119 Charitable activities 4 General fund 48,114 455,643 503,757 Other 1,200 - 1,200 Total 49,433 455,643 505,076 NET INCOME/(EXPENDITURE) (23,670) (84,128) (107,798) RECONCILIATION OF FUNDS Total funds brought forward 81,250 189,736 270,986 TOTAL FUNDS CARRIED FORWARD 57,580 105,608 163,188 |
Period 1/1/22 to 31/3/23 Total funds £ 637,443 |
|---|---|
| 2,286 578,213 1,174 |
|
| 581,673 | |
| 55,770 215,216 |
|
| 270,986 |
The notes form part of these financial statements
Page 5
Clapton Common Boys Club
Balance Sheet 31 March 2024
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Debtors 10 277,636 125,277 Cash at bank - - 277,636 125,277 CREDITORS Amounts falling due within one year 11 (220,056) (19,669) NET CURRENT ASSETS 57,580 105,608 TOTAL ASSETS LESS CURRENT LIABILITIES 57,580 105,608 NET ASSETS/(LIABILITIES) 57,580 105,608 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
31.3.24 Total funds £ 402,913 - 402,913 (239,725) 163,188 163,188 163,188 57,580 105,608 163,188 |
31.3.23 Total funds £ 273,387 93,887 367,274 (96,288) 270,986 270,986 270,986 81,250 189,736 270,986 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J Baumgarten - Trustee
The notes form part of these financial statements
Page 6
Clapton Common Boys Club
Cash Flow Statement
for the Year Ended 31 March 2024
| Year Ended 31/3/24 Notes £ Cash flows from operating activities Cash generated from operations 1 (310,343) Net cash used in operating activities (310,343) Change in cash and cash equivalents in the reporting period (310,343) Cash and cash equivalents at the beginning of the reporting period 2 93,887 Cash and cash equivalents at the end of the reporting period 2 (216,456) |
Period 1/1/22 to 31/3/23 £ (115,285) (115,285) (115,285) 209,172 93,887 |
|---|---|
The notes form part of these financial statements
Page 7
Clapton Common Boys Club
Notes to the Cash Flow Statement for the Year Ended 31 March 2024
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | |||||
|---|---|---|---|---|---|
| Period | |||||
| 1/1/22 | |||||
| Year Ended | to | ||||
| 31/3/24 | 31/3/23 | ||||
| £ | £ | ||||
| Net (expenditure)/income for the reporting period (as per the Statement | |||||
| of Financial Activities) | (107,798) | 55,770 | |||
| Adjustments for: | |||||
| Depreciation charges | - | 7,883 | |||
| Increase in debtors | (129,526) | (272,987) | |||
| (Decrease)/increase in creditors | (73,019) | 94,049 | |||
| Net cash used in operations | (310,343) | (115,285) | |||
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | ||||
| 31.3.24 | 31.3.23 | ||||
| £ | £ | ||||
| Notice deposits (less than 3 months) | - | 93,887 | |||
| Overdrafts included in bank loans and overdrafts falling due within one year | (216,456) | - | |||
| Total cash and cash equivalents | (216,456) | 93,887 | |||
| 3. | ANALYSIS OF CHANGES IN NET FUNDS/(DEBT) | ||||
| At 1/4/23 | Cash flow | At 31/3/24 | |||
| £ | £ | £ | |||
| Net cash | |||||
| Cash at bank | 93,887 | (93,887) | - | ||
| Bank overdraft | - | (216,456) | (216,456) | ||
| 93,887 | (310,343) | (216,456) | |||
| Total | 93,887 | (310,343) | (216,456) |
The notes form part of these financial statements
Page 8
Clapton Common Boys Club
Notes to the Financial Statements for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - straight line, over 3 years Playground - straight line, over 5 years
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
Clapton Common Boys Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
2. DONATIONS AND LEGACIES
| Year Ended 31/3/24 £ Donations 22,265 Grants 375,013 397,278 Grants received, included in the above, are as follows: Year Ended 31/3/24 £ Other grants 375,013 |
Year Ended 31/3/24 £ Donations 22,265 Grants 375,013 397,278 Grants received, included in the above, are as follows: Year Ended 31/3/24 £ Other grants 375,013 |
Period 1/1/22 to 31/3/23 £ 33,047 604,396 637,443 Period 1/1/22 to 31/3/23 £ 604,396 |
|---|---|---|
| Grants receivable include: | 2024 | |
| £ | ||
| London Borough of Hackney | 129,269 | |
| RAISING FUNDS Other trading activities Period 1/1/22 Year Ended to 31/3/24 31/3/23 £ £ Fundraising 119 2,286 |
3. RAISING FUNDS Other trading activities
continued...
Page 10
Clapton Common Boys Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
4. CHARITABLE ACTIVITIES COSTS
| General fund GRANTS PAYABLE General fund |
Grant funding of activities Support Direct (see note costs (see Costs 5) note 6) £ £ £ 396,505 107,134 118 Year Ended 31/3/24 £ 107,134 |
Grant funding of activities Support Direct (see note costs (see Costs 5) note 6) £ £ £ 396,505 107,134 118 Year Ended 31/3/24 £ 107,134 |
Grant funding of activities Support Direct (see note costs (see Costs 5) note 6) £ £ £ 396,505 107,134 118 Year Ended 31/3/24 £ 107,134 |
Totals £ 503,757 Period 1/1/22 to 31/3/23 £ 102,000 |
|
|---|---|---|---|---|---|
| Dover Sholem Community Trust | 107,134 | ||||
| 107,134 | |||||
5. GRANTS PAYABLE
6. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance Finance costs £ £ Other resources expended - 1,200 General fund 118 - 118 1,200 |
Totals £ 1,200 118 |
| 1,318 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.
continued...
Page 11
Clapton Common Boys Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 94,296 | 543,147 | 637,443 | |
| EXPENDITURE ON | ||||
| Raising funds | - | 2,286 | 2,286 | |
| Charitable activities | ||||
| General fund | 51,345 | 526,868 | 578,213 | |
| Other | 1,174 | - | 1,174 | |
| Total | 52,519 | 529,154 | 581,673 | |
| NET INCOME | 41,777 | 13,993 | 55,770 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 39,473 | 175,743 | 215,216 | |
| TOTAL FUNDS CARRIED FORWARD | 81,250 | 189,736 | 270,986 | |
| 9. | TANGIBLE FIXED ASSETS | |||
| Playground | Equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2023 and 31 March 2024 | 27,836 | 86,462 | 114,298 | |
| DEPRECIATION | ||||
| At 1 April 2023 and 31 March 2024 | 27,836 | 86,462 | 114,298 | |
| NET BOOK VALUE | ||||
| At 31 March 2024 | - | - | - | |
| At 31 March 2023 | - | - | - |
continued...
Page 12
Clapton Common Boys Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Trade debtors | - | 400 | ||
| Other debtors | 402,913 | 272,987 | ||
| 402,913 | 273,387 | |||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Bank loans and overdrafts (see note 12) | 216,456 | - | ||
| Trade creditors | 19,669 | 93,888 | ||
| Other creditors | 3,600 | 2,400 | ||
| 239,725 | 96,288 | |||
| 12. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bank overdrafts | 216,456 | - | ||
| 13. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | ||||
| At 1/4/23 | in funds | At 31/3/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 81,250 | (23,670) | 57,580 | |
| Restricted funds | ||||
| Restricted fund | 189,736 | (84,128) | 105,608 | |
| TOTAL FUNDS | 270,986 | (107,798) | 163,188 |
continued...
Page 13
Clapton Common Boys Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 25,763 | (49,433) | (23,670) |
| Restricted funds | |||
| Restricted fund | 371,515 | (455,643) | (84,128) |
| TOTAL FUNDS | 397,278 | (505,076) | (107,798) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | |||
| At 1/1/22 | in funds | At 31/3/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 39,473 | 41,777 | 81,250 |
| Restricted funds | |||
| Restricted fund | 175,743 | 13,993 | 189,736 |
| TOTAL FUNDS | 215,216 | 55,770 | 270,986 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 94,296 | (52,519) | 41,777 |
| Restricted funds | |||
| Restricted fund | 543,147 | (529,154) | 13,993 |
| TOTAL FUNDS | 637,443 | (581,673) | 55,770 |
continued...
Page 14
Clapton Common Boys Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 15
Clapton Common Boys Club
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Year Ended 31/3/24 £ INCOME AND ENDOWMENTS Donations and legacies Donations 22,265 Grants 375,013 397,278 Total incoming resources 397,278 EXPENDITURE Other trading activities Fundraising 119 Charitable activities Admin and Office Expenses 55,691 Charitable Activities 169,688 Rent and Expenses 39,191 Wages and Salaries 131,935 Depreciation of equipment - Grants to institutions 107,134 503,639 Support costs Finance Bank charges 118 Governance costs Accountancy and legal fees 1,200 Total resources expended 505,076 Net (expenditure)/income (107,798) |
Period 1.1.22 to 31/3/23 £ 33,047 604,396 |
|---|---|
| 637,443 | |
| 637,443 2,286 40,839 248,032 65,690 113,540 7,883 102,000 |
|
| 577,984 203 1,200 |
|
| 581,673 | |
| 55,770 |
This page does not form part of the statutory financial statements
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