THE HUNSLET CLUB THE HUNSLET CLU8 2023/24 ANNUAL REPORT 113 2716489 nsletclub.org.uk g Jliiidge Rd. Hunslet. eds LSIO IBP t*ELCOAie To TME MUNSL£T CLVB Ai TABLE OF CONTENTS THE HUNSLET CLUB 02 Table of contents 03 Le al and administrative ormation 04-06 Chief Executive's Report 07-08 Chair's Report 09-12 Trustees Report 13-17 Independent Auditor's Report to the members 18 Consolidated statement of financial activities of the group 19 Statement of financial activites of the parent company 20 Consolidated balance sheet 21 statement of cash flows 22-43 Notes to the financial statements LEGAL AND ADMINISTRATIVE INFORMATION Reference and administrative details: The Trustees: Registered charity name: The Hunslet Club The trustees who served the charity Charity registration number: 1124241 during the period were as follows: Company registration number: 06530457 Mr Andrew Beadnall (Chair) Registered office: Hillidge Road Mr P C Robert Lewis Leeds Ms Charlotte Smart LSIO IBP Ms Jane Bolton Mr Edward Binks Mr Thomas Bentley Mr Jonathan Morgan Mr Richard Shaw (resigned 3111124) Ms Nicola Elliot (resigned 31712024) Key Management Personnel: Dennis Robbins Jennie Baldwin-Baker Ryan Grant David E Sadler The Auditor: Sagars Accountants Ltd Chartered Accountants & Statutory Auditor Gresham House 5-7 st Pauls Street Leeds LSI 2JG THE CHIEF EXECUTIVE'S REPORT BY DENNIS ROBBINS The Hunslet Club was established in 1940 as a Boys, Club, with a name change in the 1990s to better reflect the growing number of girls joining The Club. Since then, our mission has been to provide young people with a safe space to stay active, have fun, learn new skills and ultimately reach their f ull potential. This Year's Achievements The 2023-2024 year has been a period of remarkable success across multiple areas of The Club. Our members have once again excelled on the pitch, in the dance studio, theatre, and beyond. Rugby: Our newly merged rugby section has achieved a significant milestone, being crowned National Conference League (NCL) champions at the senior level for the third consecutive year, making them the best amateur team in the country. Theatre: Members of our theatre group had the honour of representing The Hunslet Club on national television in a BBC mini-drama, as well as performing in a West End production. Their continued dedication to the craft is a source of pride for us all. Dance: The dance section had an exceptional year, competing both nationally and internationally, securing numerous prestigious awards. NCL Youth Club Our open access youth club continues to operate every evening of the weeL providing free, informal sessions with a variety of activities. This year. we forged a new partnership with Burberry and alongside our resident art teacher we ran a sustainable, youth led fashion initiative aimed at promoting eco-friendly fashion practices among young people. The project was split into 3 sections: Re-cycle, re-use and re-purpose, Channelling Creativity and Empowering Youth Voices. THE CHIEF EXECUTIVE'S REPORT BY DENNIS ROBBINS Events This year's events surpassed all expectations, with impressive attendance numbers and community involvement: Football Gala: Over 1,000 people attended our Football Gala. where our members performed to an enthusiastic crowd. Summer Gala: We welcomed over 2000 people to The Hunslet Club for a community filled day celebrating The Club, members and community. Halloween & Fireworks Display: Our Halloween and fireworks events attracted more than 2,500 people combined, demonstrating the growing community interest in the activities we host. Each of our events promotes a sense of community cohesion and pride and enables us to give back. Monday Evening Programme Our Monday evening programme enabled 30 young people to take part in a Level l BTEC course in a range of subjects including construction, mechanics, catering, music and sport. Many of the young people gained formal awards in their chosen disciplines 11 External Schools Our external school provision continues to grow, supporting primarily primary schools with lunch-time activities and after- school clubs, expanding the reach of our services beyond The Club's premises. This year, we worked with 10 schools (a 20/. increase on the previous year) and delivered 88 hours of activity sessions per week (a 44/0 increase on last year). Alternative Education A major focus for this year was to expand our alternative education provision. We successfully recruited key personnel, growing the programme by 50/0 on last year. This has resulted in improved outcomes for young people involved, with significant improvements in engagement and achievement. THE CHIEF EXECUTIVE'S REPORT BY DENNIS ROBBINS Club Growth & Impact The Club continues to grow both in terms of membership and impact. In 2023-2024, we had 3863 members and facilitated over 86. 099 visits to The Club. An impact report conducted by Leeds Beckett University highlighted a strong return on investment: for every £1 spent, between £66 - £174 was returned in social value. The report also showed that our members experienced improvements in confidence, resilience, and other key areas of personal development. Future Plans Looking ahead, we remain committed to the continued development of our programmes, driven by the needs and aspirations of our members. We will continue to work closely with our partners and funders to ensure we can deliver even greater impact in the years to come. One exciting project on the horizon is the development of a new youth centre in South Leeds, in collaboration with Leeds City Council (LCC) and Onside, a national youth charity. This new facility will provide expanded services and opportunities for young people in the region. Conclusion l am incredibly proud of all that we have achieved this year, and I would like to extend my heartfelt thanks to our staff, volunteers, partners, and supporters who continue to make our work possible. The future looks bright for The Hunslet Club, and we are excited to continue empowering young people to reach their f ull potential. ¥1 THE CHAIR'S REPORT BY ANDREW BEADNALL In 202312024 the Trustees commissioned a report by the Centre for Health Promotion Research at Leeds Beckett University to assess the impact and reach The Hunslet Club has on young people and the community. The research showed the estimate of Social Return On Investment is between £66 - £174 of social value returned for every £1 invested at The Hunslet Club. This calculation allows organisations to quantify the value they are providing for the communities they work with. The SROI tool provides guidance for allocating a financial value to a wide range of outcomes, such as improved social connections and increased confidence. The evaluation included: An online questionnaire, completed by 85 childrenlyoung people who use The Club. 30 interviews with trustees, staff, volunteers, partner organisations, parentslcarers, children and young people. Analysis of monitoring data and financial records. For every £1 INVESTED into The Hunslet Club there is a Social Return on Investment of tr> £66.£174 Questionnaire data found that attending The Hunslet Club led to children and young people: Having an increased number of people to talk to (94/0 Strongly agree or agree) Learning new things (92/0 Strongly agree or agree) Feeling more confident (91 /0 Strongly agree or agree Having more friends (88y.) and feeling happier (86%) THE CHAIR'S REPORT BY ANDREW BEADNALL Key benefits from attending The Club, discussed in interviews, included improved physical and mental health and wellbeing, and improved social interactions (having more friends, from different backgrounds). Better emotional skills and behaviour plus greater attainment, achievement and opportunities also featured. Participants said that coming to The Club increased young people's practical skills and gave them higher aspirations and inspiration. Interview participants also said that The Club helped prevent young people from going down a 'negative pathway,, meaning individual outcomes improved and there was less anti-social behaviour in the community. Parents were reassured that their children were somewhere safe. other findings revealed: 99/. believed it was good for the local community and 96/0 would recommend to a friend. Perhaps the impact of The Hunslet Club is summed up best by one respondent: "It is the best place in the whole wide world and it is a really good place to learn new things." From all of this research our young people told us what they value the most at The Hunslet Club, feeling free to have fun, being more self-confident and having somewhere safe to go. After 84 years The Club remains the beating heart of our community. We continue to work closely with our partners to create a new world class youth centre in Hunslet. Due to the financial constraints of Leeds City Council at the present time we are unable to set a date for construction to commence. None of the achievements of The Hunslet Club as outlined in the Chief Executive's Report would be possible without the unrivalled dedication of our executive team, staff, volunteers and supporters. To every one of them l offer my gratitude for their hard work and commitment to our members. THE TRUSTEE'S REPORT The Trustees have pleasure in presenting their report along with the financial statements for the year ended 31 August 2024. The Reference and Administrative Information set out above forms part of this report. The financial statements have been prepared in accordance with the accounting policies set out on pages 22-26 and comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association; and 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 I January 2019). After 84 years the Club has never been as successful or as strong and as such The Trustees are confident that 2025 will see an exciting announcement concerning our future for years to come. structurel governance and management The Hunslet Club for Boys and Girls (the "Club") which was founded in 1940 as Hunslet Boys Club is now governed by its Memorandum and Articles of Association dated 11 March 2008 when its name was changed to The Hunslet Club. The Club is run by an Executive Board of up to15 Trustees, which meets five or six times a year and which may delegate any of its powers to specific sub-committees. Additional or replacement Trustees are appointed by the Executive Board, which takes into account their qualifications, experience and suitability. Their appointment is then subject to confirmation by the following Annual General Meeting of the Company. New Trustees are briefed by the existing Trustees and the Chief Executive Off icer. New Trustees are also provided with an Induction pack and given a tour of the facility where they are introduced to key employees to enable them to achieve a greater understanding of the day-to-day activities. The Board of Trustees has a wide range of professional experience and expertise but continues to look for other potential trustees. A Skills Register is maintained to monitor needs with regards to expertise and experience. The Board has established the following sub-committees: Audit Committee: This consists of 4 Trustees, the Chief Executive Officer and the Operations & Finance Manager, whose role is to oversee the financial function, meet with the external auditors, update the Risk Register for the Club and ensures that the requirements of the Charity Commission are complied with. New Build Committee: This consists of 3 Trustees and the Chief Executive Off icer. who are responsible for all plans to deliver the proposed rebuild of the Club premises. Community Homes Committee.. This consists of 3 Trustees who oversee the activities of the Hunslet Club Community Homes C.l.C. The Chief Executive Off icer has been delegated operational responsibility for decisions on the day to day running of the Charity. The Chief Executive's responsibilities include managing staff, compliance with legal and regulatory obligations, ensuring proper financial management and adherence to the Charity's policies. The Trustees are responsible for establishing appropriate policies to ensure the Charity is adhering to all legal requirements. Pay and remuneration for the charity's senior staff and key management personnel is approved by the trustees. Remuneration for other employees is set by the Chief Executive Officer and discussed with the Chair of the Board of Trustees. THE TRUSTEE'S REPORT CharityGovernance Code The Charity tollows the Seven Principles of the Charity Governance Code published in 2017 and updated in 2020. Risk Management The Executive Board understand their duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A Strategic Risk Register is in place which is reviewed regularly by the Audit Committee and the Board. Financial review The financial situation is set out in the financial statements which follow the Trustees, Report. The income of The Club and its subsidiaws activities during the year was £1,426,771 (2023 £1.029,351) with a surplus of £688,237 (2023 def icit of £118,877). Hunslet Leisure Limited is a subsidiary company which provides function facilities in The Club. The turnover of the subsidiary company during the year was £179,767 (2023 £127.382) with a surplus before the donation to parent charity of £4088 (2023 £19,325). The Hunslet Community Homes C.l.C, which owns 5 investment properties rented to tenants at a social rent, is included in the consolidated accounts and has rental income of £34,000 (2023 £27,000) with a surplus before fair value movements on property valuation. interest payments on the loan payable to The Hunslet Club and donations to the club of £23,099 (2023 £17,581). The Hunslet Club receives funding from its education activities, social enterprise, businesses, individual donors, trusts and grant giving organisations. The Charity's investment policy is to help secure the long-term viability of the Charity through a policy of aiming to obtain the maximum return on a low risk portfolio of investments. The investment portfolio has been delegated to an Independent Investment Manager to invest in a mixed portfolio which generates income and growth. Reserves policy It is the aim of the Club to maintain at any one time sufficient-free reserves~ (undesignated funds excluding those represented by tangible fixed assets held for the Club's own use) to be able to cover its management and administration costs and charitable commitments for at least the succeeding twelve months. At 31 August 2024 the charitable group had free reserves of £1,142,402 (2023: £585,129) having increased amounts set aside for designated future expenditure, after excluding tangible fixed assets. This year's expenditure was £1,427,664 (2023.. £1,087,931) and the Trustees consider that the current free reserves policy is appropriate. The Trustees remain mindful of the increased pressures on The Club premises caused by growth in activities of all kinds and are of the view that building and developing new premises and facilities will be critical to the future success of the Charity. Objectives and activities The Charity s objectives are to promote the physical, social and educational development of children and young adults in the city of Leeds and surrounding areas, through the provision of social, recreational, educational and sporting activities and to engage with the wider community by providing facilities for community use. The Club is open seven days each week and works with 3863 members offering youth clubs. sport, dance, drama and recreational activities. During the day (Mon-Fri) we deliver vocational training to young people aged 14-16. The courses delivered are construction, catering, vehicle maintenance, sport. hair and beauty. Students achieve national accredited certificates from BTEC at Level l. 10 THE TRUSTEE'S REPORT Achievements and performance Our Impact Members 2023124 3,863 Visits recorded 86, 099 Wards represented in Leeds 25 Wards represented in Halifax TO Wards represented in Wakefield 13 Wards represented in York 2 Wards represented in Huddersfield I Wards represented in Bradford 4 Our Values Create an inclusive, respectful. creative. fun and safe space for young people to reach their full potential. Our Mission Our mission is to deliver quality youth work and activities to young people across the City of Leeds at a cost that is affordable to all. To create a space and environment that is welcoming, safe, inclusive and enjoyable for young people to visit. Volunteer helpers The Club has continued to enjoy the benefit of many volunteer helpers in providing its services. The Trustees are unable to place a monetary value on these services but wish to record their appreciation of, and thanks for, the work of all volunteers from which The Club and its members have benefited during the year. Fundraising activities The Hunslet Club uses an external fundraiser to write bids on its behalf. Another successful bid was secured with the National Lottery for 3 years to deliver more youth club provision focusing on reaching communities, this will commence in October. This is currently the third year of successful funding. Public benefit The Trustees have had regard to the public benefit guidance published by the Charity Commission throughout the year and have considered the guidance when reviewing the objectives and activities of the charity. Future Plans The plans for the forthcoming year are: To continue working with LCC, Onside and other partners to create a new world-class youth centre in South Leeds Continue to develop our relationship with the local business community Continue to improve The Hunslet Club facilities by upgrading our existing building of a full sized 3G pitch will be completed in 2025 Responsibilities of the Trustees The Trustees (who are also the directors of the Hunslet Club for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations. 11 THE TRUSTEE'S REPORT Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable group and company for that period. In preparing these financial statements. the trustees are required to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP. Make judgements and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware: There is no relevant audit information of which the charitable company s auditor is unaware; and The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Auditor Sagars Accountants Ltd are deemed to be re-appointed under section 487(2) of the Companies Act 2006. Small company provisions This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006. Registered office: Hillidge Road Leeds LSIO IBP Signed by order of the trustees: Dated: 29th January 2025 Andrew Beadnall Chairman 12 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HUNSLET CLUB FOR THE YEAR ENDED 31 AUGUST 2024 Opinion We have audited the group and parent company financial statements of the Hunslet Club (the 'charity') for the year ended 31 August 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (united Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charity and group's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. we believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other information The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual repor¢ other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 13 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HUNSLET CLUB FOR THE YEAR ENDED 31 AUGUST 2024 other information (cont) Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed bythe Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us: or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees. remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the trustees were not entitled to take advantage of the small companies. exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessory to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so 14 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HUNSLET CLUB FOR THE YEAR ENDED 31 AUGUST 2024 Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: W￿.frc.Org.ukIQudltorsresponSlbllitles. This description forms part of our auditor's report. Extent to which the audit was considered capable of detecting irregularities. including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence suff icient and appropriate to provide a basis for our opinion. We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct eff ect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 together with the Charities SORP (FRS102) 2019. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context were Charities Commission Regulations and Health and Safety and safeguarding considerations. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. 15 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HUNSLET CLUB FOR THE YEAR ENDED 31 AUGUST 2024 Extent to which the audit was considered capable of detecting irregularities, including fraud (cont) We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be with regards to the timing of recognition of income and the override of controls by management. Our audit procedures to respond to these risks included: enquiries of management and the Trustees about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing contracts and carrying out detailed substantive testing on the completeness of income. reading minutes of meetings of those charged with governance; and obtaining confirmation from the trustees that there was no regulatory correspondence with the Charity Commission or other regulatory bodies. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involved intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the companys ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 16 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HUNSLET CLUB FOR THE YEAR ENDED 31 AUGUST 2024 We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Helen Daniels LLB FCA CTA (Senior Statutory Auditor) For and on behalf of Sagars Accountants Ltd Chartered accountant & statutory auditor Gresham House 5-7 St Paul s Street Leeds LSI 2JG 30th January Date: .202.5.........._................... 17 CONSOLIDATED STATEMENTS OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 tknrKrtions and Wie5 other tradiry acttvities Incowo frc4n Investrn￿ InCOry￿ frcrn charitatrA8 octswties 5.564 208.316 109.926 3W,750 264.212 145.341 108.467 208,316 1rt906 511237 IA2¢rn 367.750 1.794. 1.029351 fuThJs (m.684) (m.684) (110249) (9W752) (309,228) (1,253.980) (977,682) (T,118,438) (309,228) (1,427,664) (I087,931) galnl and loM•¥ on 308,33 366.857 (58,580) Rwlised (k6ses Invastments UnreoliseAJ gar￿1(105s0s ( irwestments (&068) (8.068) {28,￿9) (31878) Unrealised gairts on investrnont FXOP In lund¥ 629,K (11&877) Transters tth•Aen funds 629.715 Il•cryKlllatlon ol lunds Total lunds brought lor%￿rd 4113.670 4,148.301 4267,778 4743J8S 93.183 4,836.638 4,148,301 olions arKI therelore o statrnt d ti*d re(xgrYs￿1 gans ￿K1 Ios8es t￿1 prepore(I The notes on pages 22 to 43 form part of these financial statements. 18 STATEMENTS OF FINANCIAL ACTIVITIES OF THE HUNSLET CLUB (PARENT UNDERTAKING ONLY- INCORPO ATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Tolal F•xMts TL*ol FWKJS Incom• 18J85 388.135 287,6ll 54,810 95.314 511,331 Ottr￿ tracb.ry (￿livItieS Income from investrnents Incorne from ¢tr￿lt0￿8 actswties 89.7TJ 1.101966 1.101966 Im470 367,750 1.660320 949,066 Ext*fKliture ￿ raising lunds Ex[￿m￿ltsjre ch(wit( octivities (40.040) {40.040) (32504) (944.M2) (309228) (1.253.740) (974,802) (984,562) (309228) (1,293,780) (1,007,306) N•t ItKom• l(•xp•rrfrtw•) 307.918 (s￿40} R￿lIsed (losses) on investrnents UrwealisÉ¥J 9ainsl (Eosses) Investrnents IW8) (8.068) (•419) (3l878) rKI* (iia537) Tra￿lerS t￿N￿en fLx¥Js Q798 635J20 (11&537) R•Ca￿[MatIOn ol tunds Total furth twht fCffV￿rd 3,92Y.553 3.96ZI84 4,080,721 4.5043fl 93,153 4.597,504 3.962184 Thè Stotement ol Finonciol Activities lrtlLKlas oll golns ond los￿ in the yeor from continuing operations ond iherelore o st￿emeni of toiol r8cogni8ed gains ond losses IKJS rK)t been prepared The notes on pages 22 to 43 form part of these financial statements. 19 CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 2024 2023 ToTrJilJe assets Investments Prwamme r￿at￿l irNestrrnnts 584,793 3.308J13 564,856 545.904 Z937285 1538.473 461.599 527.369 1237.385 461.599 1893. 15021 1646.816 3226,353 193.716 11.136 817.697 37257 8,475 T31.504 &T29 1430 887,n8 675,879 Stcdc Cash at l)cr Tn,936 1.138,342 796.038 Cr•ditarx Amounts ldfiryth￿T*4Ihln ¢Thy•ar (81.776) (86.754) (60207) I,￿0.927 696,160 LOS1,688 735.831 (87.s¢K>) (so,(￿} 4.838.538 4.1483)1 4.597,504 3,962784 .153 34,6 34 Designated l￿dS Cther tmrestrtcted incJ 25,000 ,000 5200 1800 3,000 3.000 30,669 264,212 5.564 6.564 8￿66 367,750 14.419 ￿.￿4 The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts. 28 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 5. Other trading activities Unrnstrlct•d Total Punds Total Funds Funds 2024 2023 Chafges for use of focli ities Fundroisiro evenis Olher income 187.976 ri.109 187.976 134.265 10,786 290 208.316 208.318 145,341 6. Income from investments Unvwtrf¢t•d Total Fund¥ Totol Fund5 2024 2023 Incom from UK lisied Investffthts Bonk Interest r8ceEvoble Rent feceivablg 46.686 29aS9 46.688 29.359 50.964 30.503 27,OCrf) 109.926 109.926 108,467 7. Income from charitable activities LlrÈrHtrlet•d Total Fund% Tottsl Funds Funth 2024 2023 Service delivery Chorges for use ol I￿11111e8 ond 8vening clubs Sole ol Club Klt Tuck $I￿p orKI conieon inco 881.339 881J39 345.817 .0Tr 138 103.208 919 61,387 79.762 79.782 IIOI966 L101968 51l331 8. Expenditure on raising funds 14.643 136.832 2l775 70,246 14.689 539 Costs ol furKlraisir¥J trodiry Costs ol Tr¥Jrnging investr￿ntS 14.418 110249 29 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 9. Expenditure on charitable activities by fund type Stoll costs 430.TID 264.589 099.759 4W75 331263 9,120 341.m 368,IT2 211848 150.935 dir￿¢ costs 752 3Q9.228 13519ao 977.682 10. Analysis of support and governance costs 2023 IM.n4 IKT24 3.1 ZW23 l783 Teleph￿e ReF)oirs and rThthten( lJ17 23,21X 48n 18.678 20.17J 8n 18,67B Light {￿d Insuronc T7.￿18 Advertisirg Travel ¢Thd ertert01nrT￿rt Deprecia￿On Le9]l ￿OfesSIc￿l]l I￿S ALKlit fees 978 l768 13.MB 13.96S 13 17,514 15.720 177 4225 73.397 11. Net incoming resources for the year Th(s is stated ofter chargirvJ: sroll wnsion contributions D8preciation Auditors femunefatiorr - audit ol the linancid stotements - preF)0r￿1on ol linonciol siaten*nts 22882 49,055 38.338 60 6238 11,30) 6.773 30 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Analysis of staff costs and the cost of key management personnel 2023 Wages and solaries Sociol security costs Other ￿nsIon costs 811,658 61,247 30,1 595,543 39.695 21882 903,026 658,120 The overoge number OT employe8s during ihe y8or, wos os follcy• 2024 2023 Numb8r of stoff 63 47 The number ol employees whos8 ann￿]1 rwnun8rot*)n was £80,000 Of more 2024 2023 £60,000 to £69,999 Tho key management Fefsonrd ol the wrent chority is detoiled on poge 3 01 this reporL Th8 Lotol employ* benelits ol ihe key moncymenl personnel of the charity were £264,155 (2023: £205.494). 13. Trustee remuneration No remuneration was paid to the trustees during the year. No travel expenses were reimbursed to trustees during the year (2023: no remuneration or travel expenses were reimbursed to trustees). 31 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 14. Tangible fixed assets At I Sep 2023 Athyitions 444,355 227,058 57,779 659.693 IA88,885 At 31 Auy 2024 444355 283.338 57.rn 659.69J IA4II85 At I Sep 2023 Ch]rge lor the year 404.448 196.027 3.8TI 18,537 555 169.999 •24,029 13,194 36,338 At 31 AWJ 2024 N•t book val At ￿ Aug 2024 408.265 213.564 5V45 1193 860J67 38.lJ90 89,774 1434 478.OIJO 584.790 At 31 Av3 2023 39,907 32031 1224 489.694 564.856 At I Sep 2023 AOJrtions 444,355 216263 57.779 •16,013 l334,410 At 31 Auy 2024 444.355 269,543 616,013 1,387,690 At I Sep 2023 Clkirge for the year 404.448 11&155 3.817 17,818 HS5 159MJ 807.041 34745 At 31 Auy 2024 408,265 205,gn 54345 172x13 841,786 At 31 Aug 2024 38,090 U070 1434 443.810 B45.904 At 31 ALb3 21y23 39,907 28,IOB 3224 456.130 527,368 Iho Mi boot vduo ot 31 Aug￿1 2024 otXW8 fewemnls Ilx•d (tss•t8 lor dirtict chc#ttth wpo8• 32 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 15. Investments 2024 2024 2023 Market value at i Septernber 2023 Acquisstions (rt cost spJsals at ¢¥)8nirg t)c** %nlu8 Net goinsl{losses) ￿ rovalwtion yeaf erthl 31 August 2024 1937.281 1711,308 1237.385 ZOII,408 554.453 Z22&851 654.453 2225,851 (530Jll) {1.967.996) (530Jn) (1,967,998) 348.948 (31,878) 278.548 (31,878) Market volue at 31 Augtst 2024 3A08.313 2937.285 1538.413 Z237,385 14storical cost at 31 Awst 2￿24 1743.403 2716,208 1257,288 2230.093 Anatysls ol Inv•4lm•nts at 31 Augugt 2024 2024 21Y23 2(r23 Llst•d Inv•ztm•rrts UK ￿0ted Shares 314,990 264,652 314,990 1.253.298 98&532 L253.296 300.710 14.915 350,710 264,652 985.532 304.915 terTr]tive strotegios fLKKts l914990 1,555.099 1.gJ&996 1.555.099 UK Group undertakiryds Flxed Interest UK Cash held as p(llt of p(￿￿01￿) ProFwty K)0 2KI242 299,688 MO.242 299,688 369.075 381498 389.OYJ 381498 I389.317 1382186 619,417 682288 3,308J13 2937285 1538.413 1237,385 All investm6nts ore h8ld in unr88tricted lund 33 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 15. Investments (cont) UK group undertakings The company holds 100 issued ordinary shares (100 /) of a trading company Hunslet Leisure Limited (No. 07647223) incorporated in England and Wales on 25 May 2011. This company's principal activity is the provision of function facilities. The results of Hunslet Leisure Limited are included in the Consolidated Statement of Financial activities on a line by line basis in accordance with SORP FRS102. Turnover for the period to 31 August 2024 amounted to £179,767 (2023: £127,382), with associated expenses of £175,540. (2023: £108,057), leaving a net profit before gift aid of £4,227 (2023: £19,325). A donation was made to the parent charity of £2.821 (2023: £20,199) leaving a profit/(loss) after tax and gift aid of £1,267 (2023: loss of (£874)). Net assets of the company are £4,529(2023: £3,262). The company controls The Hunslet Club Community Homes cic (No. 08713540) incorporated in England and Wales on l October 2013. This company's principal activity is the renovation and rental of residential property. The results of The Hunslet Club Community Homes CIC are included in the Consolidated Statement of Financial activities on a line by line basis in accordance with Charities SORP (FRS 102). Turnover for the period to 31 August 2024 amounted to £34,000 (2023: £27,000), with associated expenses of £24,749 (2023.. £23,266), which includes interest paid or accrued in relation to the loan from The Hunslet Club of £13,848 (2023: £13,847). In addition, a donation was made to the parent charity of £10,000 (2023: £3,200) and an uplift in the valuation of properties by £70,000, leaving a net profit after tax of £51,650 (2023: £534). Net assets of the company are £234,605. (2023: £182,955). In 2021 there was an uplift in the value of the investment properties by £213.685 from £486,315 to £700,000. There has been a further uplift this year by £70,000 resulting in a carrying value of £770,000. As a result of the revaluation, a deferred tax charge of £67,500 (2023- £50,000) has been accounted for in the accounts for The Hunslet Club Community Homes CIC. The fair value movement less associated deferred tax (2024- £216,185, 2023- £163,685) has been credited to a fair value reserve and is shown as an unrealised gain on investment property in the Consolidated Statement of Financial Activities. 34 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 16. Programme related investments X123 2024 2Q23 At i Sep 2022 461.099 461599 At 31 Aug 2023 4ffl.$99 46l599 The programme related investments of £461,599 relate to a loan to The Hunslet Club Community Homes CIC and is subject to a formal loan agreement and is repayable either on 10th February 2027 or anytime forthwith on demand. Interest at 1.5% above base rate is payable annually in arrears. The interest charged in the year ended 31 August 2024 is £13,848 (2023: £13,847). Following substantial increases in base rates in the financial year the trustees of The Hunslet Club have agreed to hold the interest payable at 3°A. 17. Debtors 2024 2023 ID23 Trod& det*ors Ar￿L￿t$ 045vJ by gfCWP uTrY￿1￿5 109.598 11197 23260 72142 Z3227 84.ll7 24,760 85.097 193.715 37.957 118.729 18. Creditors: Amounts talling due within one year 2024 2023 2023 TroJe txlit 17.905 4.134 59.737 44699 3.436 38.619 793 53.498 358 51A67 81,776 88.754 60.207 Included in other creditors is deferred incorne of £20,500 (2023- £33213). Income IS deferred wtw) the criterio to reco9nise it os incm not been m&L 35 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 19. Provisions 21f23 24 2023 Deferred tox yoNision in res￿ d lo volue gain on revalLM]ticn of 50.C 20. Pensions The Club contributes to a group personal pension plan on behalf of its employees. Contributions in the year totalled £30,121 (2023: £22.882) as set out in notes 11 and 12. The amount payable to the scheme at the year end was £2,559. (2023: £2,559). 21. Restricted income funds- Group and Company I S•pl 2023 Garfidd We#on Leeds City Counul (4,540) (￿.946) Hedthy Holiday5 The Nationol Lottwy CcrrnLnity FLn U72>J 04•M) CcfmiLvIty FLnJ- 'ltion Hour5 Jrbry FLKKI (Ul33} (u502) (ioo) {9.uo) {4465> 39274 502 FoDtthII Fo￿10t Swt Engl(Thl Wode8 Natiortal Tony 38.384 635 io.000 25,000 (aooo) (5.000) West Yorkslire (w) (3.¢Joo) (Ir•86) (6.000) Natioml Youth Foollxjll AssLKTrUtiL Trlond Trust Cxher reslricted inc¢xr Lmder EICQO 4,895 8,855 367.750 (73,750) {309.228) 93,153 36 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 21. Restricted income funds - Group and Company (continued) Details of restricted funds Restricted funds have arisen because donors have placed restrictions on incoming resources. The following grants have been given to cover ongoing projects costs, the balances are reducing as further expenditure is made: Garfield Weston - funding for Youth Club project Leeds City Council - funding for bonfire night diversionary activities Healthy Holidays - funding for school holiday camp and rugby and football activities for children in the area The National Lottery Community Fund - RC Yorkshire and Humber Region - funding for the Hunslet Youth in Need project to support 2,000 children and young people to take part in activities based at the Club The National Lottery Community Fund - Million Hours Fund - funding for additional youth sessions Burberry Fund - funding for arts projects and Monday evening project RHS - Community wellbeing - funding for gardening project Football Foundation - funding for new tractor and rugby and football pitch maintenance Sport England - funding for girls, rugby team Wades - funding for new gym equipment National Highways - funding for new gym equipment Tony Geldart - funding for the provision of Monday Evening youth clubs Hedley Foundation - funding for the provision of Monday Evening youth clubs West Yorkshire Mayors Fund - funding to cover one youth worker National Youth Agency - funding for thrive programme Football Association - funding for girls, football team Maryland Trust - funding for Youth club sessions 37 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 22. Unrestricted income funds i S•pt 2023 New 1,000.000 LaOO.OIKI Fixed asset reserve Propety 527,309 14535 OTKI Tenewds Upgrade of pIoyin•3 Swt 1000,wo 1000,L¥)O Designated 3XYJ69 i&535 3J45.904 estricte 621676 IA26.7n (i.n8.436) 250345 i.Im.296 Fair vdue 6151)0 X6,785 Total estric*ed lurwJ¥ 4.n3.670 (i.n4430) 3￿.380 4Y43J815 Total restricted luThJ8 367,750 (309x8) 93,153 Totol funds 4.148.301 L794.sx (1.427.664) 4836.S38 38 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 22. Unrestricted income funds (cont) Balanc••t trKomlng Ixrtgolny i S•p¢ 2023 New ￿lId deVe1c￿nt i.600.tyJO Fixed ￿Se¢ i.000.c¥)o 1000.ODO Up3rode of playirg SLwface [jes￿r#]ted JX7J69 53 V45,904 unrestricted 100.184 1.291470 (984.5152) 2tsa3415 1.158.447 3.927.553 1391470 (984.562) 288.880 4,604351 The Trustees have designated unrestricted reserves os lollow&" £1,6CKI,CIOO in thè form of invèstmants hèbd lof the d0vet¢Vf￿l ol new prèmisés OTh locilities os oullined in the Trust￿ Rer￿ A fixed ossei feserve 01 £545.904. which represents the Chorttys unrwtricted lunds Id in the nei b￿k value ol lixed osset £1,000,000 desbgnoted reserve lor the fequwed iryoven*nts orKI renemils to the PrO￿rtY eurrèntty occupièd by thè Ch￿lty £200,000 d8sigrKJted reserve for o new oll 3G ploying surfoco 39 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 22. Unrestricted income funds (cont) I S•pt2022 New ￿tkI develcwr*nt rund Fixed agset l600,1 1,800,LM)o 1554,585 (27,198) ProF*rty 1000.c 1000,000 Up3rade of plowng swlace lund5 3J54,581 (27,196) 3J27389 Crt￿r Lnvestrict￿l income fuTras Fair vdue 743277 780.189 (867.749) 181685 161685 4261.527 (867,749) (w.297) 4.n1670 As exploined in note15, the prop8rty owned by The Fljnslet Club Communlty Homes CIC. an entity Controlled by The Hunslet Club and included in the consolidoted linanciol stotwnents, was revolued in the period Thè loir volue goin of £283,685 less aSSOCh)ted dglerred lax 01 £67,500 hos beèn crediied io o foir volue resenie. 40 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 22. Unrestricted income funds (cont) i S•pt 2022 New tjuikl 1,600,000 1,600,000 Fixed asset 554,5615 {27.￿8) ProFErty imFxoverY￿tS oThJ renewds Up3rade ot plcrying SL¥tace 200,000 1.000,000 Imo,000 Deslgnated funds Other unrestrict& inco￿￿ furKJs 3.354.5615 (27.ts6) 3.327,369 720,505 899.904 {737.U4) (33,￿) 600.184 4,075,070 899,904 (787,124) (80,297) 3.927,553 41 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 23. Analysis of net assets between funds ToryllJl• a947 93,153 561.851 3.>J8,313 n,221 4,743.385 Tolal Funds $84,798 3.308.313 943.427 4,836,fJ38 ToroJlbl• 21947 93.153 5a957 3.0￿.012 981,382 4,504,351 Total AWKIS 546,904 3,OCKI,012 1.051,588 4597,fJ04 TorvJll)l• ,856 1gn,285 611,529 4,113,670 Tolal Funds 564,856 1937285 646.160 4,148.301 Cryny ￿23 T•rylbl• 27269 18K984 701.2(￿ 3.927.553 Total S27J69 16x984 n5.831 3.961184 42 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 24. Related party transactions The company is under control of the Board of Trustees as set out on page 3 of the Trustees Report. The company prepared group accounts which are publicly available and accordingly the company is exempt from the disclosure requirements of Financial Reporting Standard for Smaller Entities relating to transactions with its subsidiary company, Hunslet Leisure Limited and Hunslet Club Community Homes CIC. The charity uses the services of James Hambro & Partners LLP as investment managers. Mr Edward Binks, a trustee of The Hunslet Club, is a salaried Member, with no profit share, of James Hambro & Partners LLP. The trustees continue to give regard to the Charity Commission Guidance on Trustee conflicts. During the year the Charity paid £14.418 in investment management fees to James Hambro & Partners. There have been no other related party transactions to disclose during the year. 25. Financial instruments 2024 2023 Fir1a￿[al ()S8ets measured at amortised cost I027205 744,840 rir*onciol liabillties meosured oi omortlsed cost Tl.842 Flnonciol rjssets measured ot foiT vakne 3.308.313 2937.825 26. Company limited by guarantee The company is limited by subscribers. guarantees and does not have a share capital. In the event of a winding up the liability of each of the subscribers is limited to £1. 27. Charitable Status The charitable company was registered as a charity under the Charities Act 2011. No taxation arises on the charitable company's activities and any income tax suffered on investment income is recoverable. The trading subsidiary is fully subject to taxation subject to the transfer of any surplus under the gift aid provisions. 43