**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. Page 2 **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 Page 16