ANNUAL REVIEW
and statements of financial activities
~~20~~ 20/21
CONTENTS
0 2 Introduction
0 3 Message from the Chair 0 4 Highlights of the Year (2020-2021)
0 6 Club News, Activities and Fundraising
1 0 Summary of Financial Activities and Annual Accounts 1 8 People and Personnel
1
INTRODUCTION
Devas Club is a registered charity (Registration Number 1129419). During the period covered by this report, the club received financial and other assistance from Wandsworth Council, as well as many valued donors. The club is affiliated to London Youth.
The Devas Club is named after Jocelyn Devas, who started the club in 1884 shortly after graduating from University College, Oxford. The ‘Club for Working Lads', which was located above a coffee tavern in Battersea, aimed to provide young men with job skills. Jocelyn sadly died while climbing in the Alps in 1885, but his father encouraged and supported his college friends to continue what Jocelyn had started.
The club moved to a large building in Thessally Road in Nine Elms in 1907, but the comprehensive redevelopment to create the New Covent Garden Market led the club to move again in 1970 to its present, purpose-built building in Wandsworth, South East London.
Today the Devas Club has young members, and continues to enjoy the active support of University College, the Devas family and the descendants of those climbing with Jocelyn, on that fateful day in 1885.
In addition to voluntary donations the club is assisted by income from letting the use of parts of the building to carefully chosen partners. The club works on its own account as well as in partnership with Wandsworth Council in delivering services to young people.
Devas Club exists to provide a youth centre for the purpose of helping and educating young persons under the age of 25 years through their leisure-time activities so to develop their physical, mental and spiritual capacities, that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved.
This report covers the year from April 2020 to March 2021. A list of the current trustees and staff members is at Annex A
2
MESSAGE FROM THE CHAIR
Welcome to the review of the year to 31 March 2021 – a very challenging year for all of us and particularly younger people in important years in their development. I am very proud of the way that Devas has responded to the Covid crisis, running online activities focussed on fitness and music, a summer unlocked programme in 2020 providing sports, arts and life skills activities over the summer holidays.
Following the winter lockdown, we ran a very successful Easter unlocked programme for our Junior members sports, arts and crafts, and heathy eating for families. Significantly, have also recruited our own senior project manager, Lucy Pittaway, for running our own youth programmes complementary to the Wandsworth led services, and bringing in specialist teams to run specific programmes of activities. Lucy brings significant experience in the Creative Arts and Youth sector, and has already set up a thriving juniors club on Saturdays – to be expanded to after school from September this year.
We have also continued to make improvements to our great building in Battersea – with a much needed refurbishment of our gym (in April 2021), upgrading the equipment in our music studio, and increasing the building’s energy efficiency with energy-efficient LED fittings and secondary glazing in the main hall, and working with CREW energy for their first ever community share offer funded four airsource heat pumps on the roof of the club, the aim to further reduce the club’s carbon footprint and energy costs. We have also increased our social media presence, with a new website and please do follow us on Instagram (@devasclub) – we are actively posting and it is a great way to keep in touch with what is happening at Devas.
At a time when funding has been tight, we are very grateful to our funders, donors and tenants.
We have plans to expand the range and reach of our programmes and if you are able to support these activities with a donation you can be sure your money will be well used to make a lasting difference to young people in Battersea and the local area.
Finally I would like to thank all of the members of the Devas team, employed by the Club or through Wandsworth for all their fantastic work in a very challenging year. In particular I would like to thank Mark Clay who retired in the year having been our senior youth worker for 8 years and having done a wonderful job evidenced by recent record attendance prior to Covid.
We wish Mark all the best for his retirement. We hope you enjoy reading this annual review and as soon as we are able we shall be running showcases of the work we do and we look forward to inviting you and perhaps seeing you at the Club!
Andrew Griffith Chair, Board of Trustees
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2020/21 HIGHLIGHTS
Despite the practical difficulties faced by the club in this on/off year of repeated lockdowns caused by the Covid-19 pandemic, a number of activities and events during the year exemplify the enduring spirit of Devas:
ONLINE ACTIVITIES
In March 2020, the club demonstrated its agility in response to the lockdown restrictions by implementing a suite of online facilities for young people.
More than 60% of attendees were in receipt of free school meals.
ARTS COUNCIL GRANT AWARD
In November 2020 it was announced that Devas Club had been successful in its bid for support from the Arts Council Culture Recovery Fund.
Devas Club Chair, Andrew Griffith said “This is a major boost for us.It helps protect our range of arts activities – music, performing arts and above all dance. We are very pleased to be able to secure this outreach work for young people – many from disadvantaged backgrounds – across our catchment area.”
DEVAS SUPPORT SCHEME
During the pandemic many of our young members were suffering the loss of the usual amenities provided by their schools. Devas had some surplus supplies of food purchased for the subsequently cancelled Winter Unlocked program, and these were delivered to local vulnerable families. Inspired by this, the club launched the Devas Support Scheme. The objective of the scheme was to reach out to our most vulnerable members during the pandemic, and to keep in place our lines of communication with them.
During the pandemic many young people have slipped into unhealthy eating patterns. Our food delivery packages were prepared by youth workers in the Devas kitchen. They were well thought out, macro-based, nutritionally stable meals. In addition to supporting our members with hot meals, we provided them with information packs.The packs included anger management advice, advice on understanding depression and other mental health issues, and online safety information.
NEW WEBSITE LOOK
We redesigned the Devas Club website, to give it a more modern and appealing look. Thanks to work led by trustee Kath Ludlow. The website launched in April 2021.
LOW CARBON HEATING PROJECT
Devas Club, in partnership with Crew Energy London, a Community Energy company, began work that has supported its continued efforts to ensure its move towards a low carbon future.
The project involved the installation of air source heat pumps on the roof of the club. These heat pumps were fully funded through a community share offer, which was completed in December 2020 - January 2021.
Solar panels were installed several years ago.
The scheme lasted for four weeks and on average reached 10-30 young people per day.
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2020/21 HIGHLIGHTS
DEVAS CLUB ONLINE ACTIVITIES
The lockdown in March 2020 caused the club to close its physical facilities, but it reacted quickly and effectively to produce a variety of online activities to take their place. The core objective was to develop a range of online activities to keep young people learning, moving and connected thereby improving their physical, mental and social connectedness. The sessions were promoted on the website and social media.
The club secured the services of facilitators to lead the sessions, with the benefit of a grant from the Westminster Foundation. Four different types of online session were offered: fitness, yoga, music and dance. The fitness sessions were run on the video conferencing platform, Zoom, and on YouTube, and targeted young people aged 8-25 years. The yoga sessions were on Zoom and for all ages.
Music Making used online resources and staff support via a WhatsApp group, and a telephone service where young people could call to speak to a team of on-.call youth workers. The dance sessions involved inspirational talks via Instagram.
Over the four-month period the club’s online program delivered nearly 150 person sessions in the four disciplines.
GREEN HEATING PROJECT
We partnered with Crew Energy, a Community Energy company, to support our continued move towards a low carbon future. The work was completed in January 2021.
JOSIE BENSON'S FUNDRAISING EFFORT
On 6 and 7 March 2021 Trustee Josie Benson undertook the 4x4x48 Challenge to raise funds for the club, primarily for the Gym. Josie understood that the effects of the pandemic with its numerous lockdowns had had negative effects on young people, and it was vital that, as a charity, we continued to play our part in providing a high quality space for young people to get fit, exercise and learn how to maintain a healthy lifestyle.
The Challenge involved running 4 miles every 4 hours for 48 hours. That meant getting out to run at 8 am, 12 noon, 4pm, 8pm and midnight for two whole days.Josie is a seasoned marathon runner (41 marathons in 6 years to be exact), but she felt that this was her toughest challenge yet. The sleep deprivation was perhaps the worst part. Her stunning test of endurance enabled her to raise nearly double her target of £750 to help club members.
NEW PROJECT MANAGER
We recuited a Senior Project Manager (Lucy Pittaway) in February 2021. With ties to Scariofunk CIC, and a strong background in dance. Lucy’s appointment will give the club’s activities new impetus.
At the end of her marathon Josie tweeted “ “I DID IT!! Through much pain and a few tears… One of the toughest things I’ve EVER DONE. Thank you, thank you for all the donations to Devas Club”. The money raised has indeed gone towards the refurbishment of the Gym, and during Easter holidays, Devas juniors were the first to put the new gym to good use.
5
CLUB ACTIVITIES
SUMMER 2020
The form of the summer programme at Devas in 2020 was affected by Covid-19 restrictions, limiting, for example, the club’s trips to the seaside. The club was nevertheless able to arrange a wide variety of activities whilst ensuring that that they were conducted in a way that kept everyone as safe as possible from infection.
A trip was organised to Go Ape in Battersea Park where the young people were able to swing on the zipline there. At the club, the sessions included Sewing & Fashion, Muay Thai, Trampolining, Music, Dance, Football, Drama, Basketball and ‘Friday in the Kitchen’. The Trampolining sessions were, as always, very popular, and all the young people worked very hard at encouraging one another to have fun on it whilst staying safe.
The Gym was also in use, where the Football sessions were held. The Music Studio was in operation, with young people being able to express themselves positively and continue to master their various skills. The summer program also involved art therapy, which proved to be a big hit.
Young people enjoyed learning new sewing techniques in the Sewing and Fashion sessions, making their own scrunchies and designing their own t-shirts. We were also pleased to see that we have some very talented painters who enjoyed expressing themselves, turning blank canvasses into works of art. We may have found the next Monet or Picasso!
Healthy meals were provided daily which were much appreciated. We provided a wide range of foods so as to help build knowledge of local and world foods and develop taste palates.
AUTUMN / WINTER 2020
One-on-one sessions continued in the Music Studio to assist an extremely vulnerable young person. In early October, measures were put in place to provide an environment as safe as possible. Temperature checks were carried out and the face coverings were encouraged. Numbers were limited, bubbles operated, social distancing enforced and hand-sanitising facilitated. This did not make for ease of operation, but proved possible.
6
CLUB ACTIVITIES
After the four week lockdown was introduced on 31st October, we offered five evenings of activity a week with one specific activity on each evening containing no more than 15 people (including staff) with one-to-one sessions the music studio, gym and kitchen. Weekly numbers of participants in October were between 65 and 80 young people. These activities were cut back but not completely suspended in November 2020 achieving attendances of around 50 young people in the first week in November.
A program of activities mostly of a creative nature, culminating in a virtual showcase on the 31st December, was planned to take place over the Christmas period. This was named the Winter Unlocked. Unfortunately, due to the sudden imposition of a further lockdown, this did not take place.
SPRING 2021
The club was involved in very extensive preparations for Easter Unlocked at Devas, due to commence on Tuesday 6th April 2021, for two weeks, in co-operation with Wandsworth Council. Funds for this program were provided by the Department of Education.
The HAF grant (Health and Food) of £5,150 was awarded to Devas. The plan was to deliver a hot healthy lunch for all participants every day, provided through local South London businesses Sugarcane London and Livity . The program included gym sessions, sports games and fitness sessions every day.
In addition, we arranged for special guests UltraX , a UK brand and ultra-running organisation, to deliver an all day workshop in week two. On top of these physical activities and sports, we will be delivered musical engineering sessions in the club's recording studio.
BLACK LIVES MATTER
In recognition of the Black Lives Matter movement sparked by the murder of George Floyd , the club commenced a program of making recordings of interviews with successful role models. In January 2021,
Dame Bobby Cheema-Grubb gave an interview describing her experience, as a woman of colour, in the legal profession and on becoming a High Court Judge. Other interviews are planned and will be made accessible on the club’s re-launched website.
MUSIC STUDIO
An enviable part of the facilities which Devas is able to offer young people is the recording studio. Under the leadership of Ian Clarke, the club offered a series of sessions in the early part of 2021, commencing with phone calls and WhatsApp, but developing into one-on-one sessions in the studio itself as Covid restrictions permitted. One young individual was able to progress from knowing very little about the professional recording at the outset to being able to record his own lyrics in the studio’s vocal booth. Ian Clarke noted that this young person had worked hard and persevered, and managed to overcome difficulties which he had in remembering his lyrics so as to get them recorded.
In January 2021 a £5,800 budget was signed off for updating the Music Studio with new equipment. The club is also exploring offering Levels I and II in music technology accredited by NCFE - leading provider of educational services and not for profit organisation at the forefront of technical and vocational education for over 170 years.
ANNUAL FOOTBALL MATCH IN OXFORD Sadly the annual match was cancelled this year due to the pandemic, but plans are in place for the match to take place in the Autumn of 2021.
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CLUB ACTIVITIES
ENERGY EFFICIENCY
For some years the club has been keen to take every opportunity to improve the energy efficiency of the building and its equipment.
The annual football match in Oxford will hopefully take place in the autumn.
PEOPLE AND PERSONNEL
Over the past two years, with the help of CREW Energy and a grant of £12,500 from the GLA’s London Community Energy Fund, almost all the club’s lighting has been replaced with energy-efficient LED fittings. This, together with the newly installed building management system is expected to give a reduction of more than 11 tons of carbon dioxide per annum and more than £3,000 of annual energy cost savings.
CREW also obtained a grant of £27,000 from the Wandsworth Local Fund which
contributed to the LED lighting and to completion of secondary glazing in the main hall; and CREW’s first ever community share offer funded four air-source heat pumps on the roof of the club, further reducing the club’s carbon footprint and energy costs.
FUTURE PLANS
Given the restrictions which applied in 2020, the club has understandably been focusing intently on plans for the coming year. From April 24 2021, Devas Juniors Saturday Club launched, providing a light lunch and numerous exciting activities for 8-11 year olds. From September 2021, Devas Juniors will offer an after-school club during term time for 5 days each week. We already have a membership base and have strong interest from the students from local schools.
Lucy Pittaway joined us in February 2021 as Senior Projects Manager. Lucy has played a big role in the planning our Devas Juniors activities and improving youth club processes.
Tony Brown, our Head of Administration left us in August 2020 to pursue other interests, but has kept close touch with Devas and has continued to help us in various ways.
Rob Tate had been supporting the club with fundraising and project development work. He was then appointed to replace Tony as Director of Operations. Rob and his wife Zoe were blessed with the birth of a baby boy – Dylan – in March 2021.
Sir Ivor Crewe ceased to be a trustee
during the year, when his 11 year tenure as Master of University College, Oxford came to an end. In his place, the new Master of University College, Baroness Valerie Amos became (ex officio) a trustee from September 2020.
Jenny Borden , a long-serving, valued and much loved trustee also stood down this year.
Clare Cole , Josie Benson and Sir Christopher Floyd were appointed as new trustees in June/July 2020.
Youth club for 11-19 year olds will continue from Wednesdays to Fridays with activities such as martial arts, dance, music and cooking. In addition there are advanced plans for a new senior club for Mondays and Tuesdays. These days will be specifically directed at structured learning development, employability skills and training.
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OUR FUNDERS
Devas Club is enormously grateful to those who have made donations to our funds during the year. The following grants to the club were approved during the reporting period:
Westminster Foundation awarded us £3,136 towards our online activities during lockdown ( April 2020 ).
Northwick Trust awarded us £10,000 to support our work with young people in our music studio ( June 2020 ).
The Girdlers' Company Charitable Trust awarded us £12,500 , with 60% of the funds allocated for employability activities. ( July 2020 ) As part of Wandsworth Council's Summer Unlocked 2020 activities, we
secured £2000 towards planning and hosting summer activities for vulnerable children and their families. ( August 2020 ). Garfield Weston Foundation awarded us £20,000 towards appointing a Youth Programme Worker to develop youth activities ( September 2020 ).
Arts Council awarded us £50,000 as part of a coronavirus relief initiative to help the organisation's budget shortfall ( October 2020 ).
Battersea Power Station Trust awarded us £2000 towards planning a series of activities for young people as part of Winter Unlocked ( January 2021 )
Wandsworth Council and Department of Education awarded us £5150 to develop our Easter Holiday and Food Program (March 2021)
London Youth awarded us £1500 for new sports equipment.
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FINANCIAL SUMMARY
FINANCIAL ACTIVITIES | 31 MARCH 2021
| Income Charitable donations and grants Income from charitable activities - Restricted grants - Building grants Activities for generating funds - Other receipts and fundraising - Interests receivable Total Income 10 108,705 - 83,126 10,704 8 202,543 Notes £ Expenditure Charitable actiivities - Maintenance expenses - Charitable expenses - Depreciation - Capital grants transfer - Support costs Costs of generating donations and grants - Support costs Costs of other activities - St t 2 3 9 9 4 4 4 - - - (4,196) 24,012 5,146 5146 Unrestricted Fund |
Income Charitable donations and grants Income from charitable activities - Restricted grants - Building grants Activities for generating funds - Other receipts and fundraising - Interests receivable Total Income 10 108,705 - 83,126 10,704 8 202,543 Notes £ Expenditure Charitable actiivities - Maintenance expenses - Charitable expenses - Depreciation - Capital grants transfer - Support costs Costs of generating donations and grants - Support costs Costs of other activities - St t 2 3 9 9 4 4 4 - - - (4,196) 24,012 5,146 5146 Unrestricted Fund |
- 45,936 - - - 45,936 £ 120,076 52,335 45,936 4,196 - - - Restricted Fund |
108,705 45,936 83,126 10,704 8 248,479 £ 120,076 52,335 25,960 - 24,012 5,146 5146 2021 Total |
19,091 49,727 117,312 2,811 38 188,979 £ 101,880 42,173 27,783 - 18,193 3,898 3898 2020 Total |
|---|---|---|---|---|
| uppor coss Total Expenditure Transfers between funds Net movement of funds for the year Total funds brought forward Total funds carried forward 11 Net income / (expenditure) for the year |
, 56,068 (126,475) 20,000 50,532 £70,532 146,475 |
176,607 126,475 (4,196) 179,022 £174,826 (130,671) |
, 232,675 - 15,804 229,554 £245,358 15,804 |
, 197,825 - (8,846) 238,400 £229,554 (8,846) |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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OUR PEOPLE
Our overall goal of the charity is to improve the lives of young people so that we build their confidence, tackle mental health issues and improve their wellbeing.
BOARD OF TRUSTEES
Andrew Griffith, Chair Mark Potter, Hon. Treasurer Johnny Devas Hon. Dr. Paul Flather Charles Dorin Kath Ludlow
Josie Benson (appointed June 2020) Clare Cole ( appointed June 2020) Rt. Hon. Sir Christopher Floyd PC ( appointed Jul 2020) Sir Ivor Crewe ( until Sept 2020) Jenny Borden, OBE ( until Aug 2020)
DEVAS CLUB STAFF
Rob Tate, Director of Operations Lucy Pittaway, Senior Project Manager Sheila Smith, Centre Manager Ian Clarke, Music Studio Manager Jernel Chilsolm, Sound Engineer Linnette Jeffrey, Devas Juniors Co-ordinator
YOUTH CLUB TEAM (WANDSWORTH)
Jade Blake, Area Co-ordination Manager David Johnson-Gordon, Youth Worker (p/t) Debbie Marshall, Youth Worker (p/t) Keith Allen, Volunteer Youth Worker Andrea Kelly, Volunteer Youth Worker
BANKER INDEPENDENT EXAMINER National Westminster Bank plc S M Holborn 300 Silbury Boulevarde WSM Advisors Limited Milton Keynes MK9 2ZF Connect House, 133-137 Alexandra Road London SW19 7JY
BANKER
COIF Charities Deposit Fund 80 Cheapside London EC2V 6DZ
18
For general information or if you would like to know how to get involved to support our work or to collaborate with us, please get in touch using the contact information below:
Devas Club 2a Stormont Road , London SW11 5EN 020 7223 0297
www.devasclub.org info@devasclub.org @devasclub @devasclub
2020/21 ANNUAL REVIEW
Registered Charity No. 1129419
DEVAS CLUB
REPORT AND ACCOUNTS
31 MARCH 2021
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Registered company
6720799
Registered charity
1129419
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DEVAS CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
Status
The club is a charitable company limited by guarantee, incorporated on 10 October 2008 and registered as a charity on 6 May 2009. It succeeded to the assets and activities of The Devas Club, a registered charity founded in 1884 and reconstituted under a charitable deed in 1974.
The company was established under a memorandum of association which specifies the objects and powers of the charitable company and is governed under its articles of association.
Registered numbers Company 6720799 Charity 1129419
Trustees and directors
Andrew Griffith (Chair) Jennifer Borden OBE Sir Ivor Crewe Johnny Devas Charles Dorin Paul Flather Katherine Ludlow (appointed 29 July 2020) Mark Potter Clare Elizabeth Cole (appointed 29 July 2020) Rt. Hon. Sir Christopher David Floyd (appointed 29 July 2020)
Registered office
Devas Club Stormont Road Battersea London SW11 5EN
Independent examiner
S M Holborn WSM Advisors Limited Chartered Accountants Connect House 133-137 Alexandra Road London SW19 7JY
Bankers
National Westminster Bank plc 300 Silbury Boulevarde Milton Keynes MK9 2ZF
COIF Charities Deposit Fund 80 Cheapside London EC2V 6DZ
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DEVAS CLUB
REPORT OF THE TRUSTEES
31 MARCH 2021
The trustees present their report and accounts for the year ended 31 March 2021.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the charity's 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) as amended for accounting periods commencing from 1 January 2016.
Objectives and activities
The objective of the Devas Club is to enable young people, including the disaffected and at risk, to reach their full potential as responsible, talented individuals and as active participants within their local community.
Our aim is to enable member’s talents to develop through doing and making. The building currently includes a gym, a recording studio, performance space, cooking and computer facilities, a range of meeting and rehearsal rooms, and a basketball court.
The club currently offers the following youth activities:
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General club: table tennis, pool, bar football, computers with internet access, library;
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Regular activities: Fitness studio, football training, music production, DJ workshop, dance, hair and beauty, cooking workshop;
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Special activities dependent on funding availability: film and drama course, t-shirt printing, and off-site visits and activities. We also have an active relationship with University College, Oxford, with an annual boys and girls visit with a football match and a tour of the college and social event. There are regular Showcase performances by the young people at the club.
Achievements and performance
An account of the year's activities can be found in the annual report and the website www.devasclub.org .
Financial review, reserves and risk policy
The trustees aim to hold reserves sufficient to enable it to settle its affairs at any time in a controlled way. At the balance sheet date unrestricted reserves amounted to £70,531.
Medium-term surpluses of cash are invested in the COIF deposit fund and a NatWest business reserve account.
The trustees confirm that a review of risks affecting the charity has been carried out. They consider these to be negligible since expenditure is only undertaken when funds are available. A system of prudent management is a sufficient safeguard.
Structure, governance and management
The club is a charitable company limited by guarantee, incorporated on 10 October 2008 and registered as a charity on 6 May 2009. It succeeded to the assets and activities of The Devas Club, a registered charity founded in 1884 and reconstituted under a charitable deed in 1974.
This report covers the year ended 31 March 2021.
Reference and administrative information set out on page 1 forms part of this report.
The trustees, who are also the directors of the charitable company, who served during the year were as follows:-
Andrew Griffith (Chair) Paul Flather Jennifer Borden OBE Katherine Ludlow Sir Ivor Crewe Mark Potter Johnny Devas Clare Elizabeth Cole Charles Dorin Rt. Hon. Sir Christopher David Floyd
The articles of association authorise up to twelve trustee directors. One is ex officio Master of University College, Oxford. The remaining trustees are co-opted by the existing trustees by resolution at trustees' meetings. New trustees are inducted informally by the existing trustees.
The club is staffed and run by youth workers and volunteers, some of whom are engaged by Wandsworth Youth Service under a 25 year agreement signed in 2012. Decisions are made by the board of trustees in consultation with the staff and together these represent the key management personnel.
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DEVAS CLUB
REPORT OF THE TRUSTEES
31 MARCH 2021
Plans for the future
Devas has used the time between 1st April 2020 and 31 March 2021 to develop its organisation and programmes and plans to continue to do so. The challenges presented by Covid-19 during the period meant that the year was varied and encouraged a much longer view of the organisational plan. When restrictions were lifted in the summer of 2020, regular attendees of the club were able to participate in a range of activities including music, dance, football, cooking and basketball in person. Following the summer of activities, in September, the Devas Head of Administration decided to leave the club after two years working with the charity. This began a process of fund raising and restructuring the club which resulted two new roles, Director of Operations and Programmes Coordinator. In the run up to Christmas, as these roles were established, government guidelines meant the closing of face-to-face activities and the need to look for alternative ways to offer support to club members. Devas built out its programmes to deliver food to young people in winter and spring 2020/21 to keep in touch and delivered hot meals and care packages to young people locally. As with the previous year, the trustees furloughed the Centre Manager during the periods when heavy restrictions on activities applied. The trust planned to relaunch from April 2021, with a gradually increasing juniors programme aiming at a full-scale junior's programme slated to launch in September 2021. Meanwhile the seniors lost the Wandsworth lead youth worker to
Statement of trustees' responsibilities
Company law and law applicable to charities in England and Wales require the trustees to prepare financial statements for each financial year which give a true and fair view of the company's financial activities during the year and of its financial position at the end of the year.
In preparing financial statements giving a true and fair view, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the company and which enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011, the Statement of Recommended Practice for accounting by charities and the governing document. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.
Registered office
Stormont Road Battersea London SW11 5EN
Mark Potter Trustee 01 December 2021
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ACCOUNTANT'S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF
DEVAS CLUB
I report on the accounts for the year ended 31 March 2021 set out on pages 5 to 11.
Responsibilities of trustees and examining accountants
As trustees you are responsible for the preparation of the accounts and you consider that these accounts are exempt from an audit under S144(2) of the Charities Act 2011 and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under S145 of the Charities Act 2011;
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to follow the procedures laid down by the Charity Commissioners under S145(5)(b) of the Charities Act 2011; and - to state whether particular matters have come to our attention.
Basis of independent examiner's report
My examination was carried out in accordance with the directions of the Charity Commissioners. An examination includes a review of the accounts and a comparison with the accounting records kept by the charity. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
WSM Advisors Limited provides book-keeping services for the charity and the FRC's Revised Ethical Standards have been applied.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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1 which gives us reasonable cause to believe that, in any material respect, the requirements: - to keep accounting records in accordance with S130 of the Charities Act 2011; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the have not been met; or
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2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be
Connect 133-137 Alexandra Road Wimbledon London SW19 7JY
S M Holborn WSM ADVISORS LTD Chartered Accountants 01 December 2021
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DEVAS CLUB
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2021
| Unrestricted | Restricted | 2021 | 2020 | ||
|---|---|---|---|---|---|
| fund | funds | Total | Total | ||
| Notes | £ | £ | £ | £ | |
| Income | |||||
| Charitable donations and grants | 108,705 | - | 108,705 | 19,091 | |
| Income from charitable activities | |||||
| Restricted grants | 10 | - | 45,936 | 45,936 | 49,727 |
| Building income | 83,126 | - | 83,126 | 117,312 | |
| Activities for generating funds | |||||
| Other receipts and fundraising | 10,704 | - | 10,704 | 2,811 | |
| Interest receivable | 8 | - | 8 | 38 | |
| ----------- | --------- | ----------- | ----------- | ||
| Total income | 202,543 | 45,936 | 248,479 | 188,979 | |
| ----------- | --------- | ----------- | ----------- | ||
| Expenditure | |||||
| Charitable activities | |||||
| Maintenance expenses | 2 | - | 120,076 | 120,076 | 101,880 |
| Charitable expenses | 3 | - | 52,335 | 52,335 | 42,173 |
| Depreciation | 7 | 25,960 | - | 25,960 | 27,783 |
| Capital grant transfers | 7 | (4,196) | 4,196 | - | - |
| Support costs | 4 | 24,012 | - | 24,012 | 18,193 |
| Costs of generating donations and grants | |||||
| Support costs | 4 | 5,146 | - | 5,146 | 3,898 |
| Costs of other activities | |||||
| Support costs | 4 | 5,146 | - | 5,146 | 3,898 |
| --------- | ----------- | ----------- | ----------- | ||
| Total expenditure | 56,068 | 176,607 | 232,675 | 197,825 | |
| --------- | ----------- | ----------- | ----------- | ||
| Net income / (expenditure) for the year | 146,475 | (130,671) | 15,804 | (8,846) | |
| --------- | --------- | --------- | --------- | ||
| Transfers between funds | 11 | (126,475) | 126,475 | - | - |
| --------- | --------- | --------- | --------- | ||
| Net movement of funds for the year | 20,000 | (4,196) | 15,804 | (8,846) | |
| Total funds brought forward | 50,532 | 179,022 | 229,554 | 238,400 | |
| --------- | ----------- | ----------- | ----------- | ||
| Total funds carried forward | £ 70,532 | £ 174,826 | £ 245,358 | £ 229,554 | |
| --------- | ----------- | ----------- | ----------- |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 5 -
DEVAS CLUB
BALANCE SHEET - 31 MARCH 2021
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible fixed assets | 7 | 146,345 | 171,449 | ||||
| Current assets | |||||||
| Canteen stock | 100 | 100 | |||||
| Bank and cash balances | 114,818 | 64,312 | |||||
| --------- | --------- | ||||||
| 114,918 | 64,412 | ||||||
| Current liabilities | |||||||
| Creditors and accruals | 9 | 15,905 | 6,307 | ||||
| --------- | ------- | ||||||
| Net current assets | 99,013 | 58,105 | |||||
| ---------- | ---------- | ||||||
| Total assets less current liabilities | £ | 245,358 | £ | 229,554 | |||
| ---------- | ---------- | ||||||
| Represented by: | |||||||
| Funds | 11 | ||||||
| Restricted: | |||||||
| Capital fund | 174,826 | 179,022 | |||||
| Unrestricted - general: | |||||||
| General fund | 70,532 | 50,532 | |||||
| ---------- | ---------- | ||||||
| £ | 245,358 | £ | 229,554 | ||||
| ---------- | ---------- |
-
a) These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
-
b) For the year in question the company was entitled to exemption from an audit under S477(2) of the Companies Act 2006 relating to the small companies regime.
-
c) The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
-
d) the directors acknowledge their responsibilities for: i) ensuring that the company keeps accounting records which comply with S386; and
ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its result for the financial year in accordance with the requirements of S394 and 395 of the Companies Act 2006 and which otherwise comply with the requirements of that Act relating to accounts, so far as
Mark Potter - Trustee 01 December 2021 Approved by the directors and signed on their behalf
- 6 -
DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
1 Principal accounting policies
The accounting policies have been applied consistently throughout the year and the preceding year and are set out
Charity information
Devas Club is a private company limited by guarantee in England and Wales. The registered office is 2A Stormont Road, London, SW11 5EN.
Accounting convention
The accounts have been prepared in accordance with the club's Memorandum and Articles of Association, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice available to charities preparing their accounts in accordance with the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (as amended for accounting periods commencing from 1 January 2016). Devas Club is a Public Benefit Entity as defined by FRS 102.
Devas Club has taken the advantage of the provisions in the SORP for Charities applying FRS 102 Updated Bulletin1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of Devas Club. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the accounts, the Directors, who are also the Trustees have a reasonable expectation that Devas Club has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the accounts.
Fund accounting
These have been divided into restricted funds, where income arises with restrictions as to its uses and the unrestricted general fund which is available for the general purposes of the club. Transfers are made from the general fund to offset deficiencies in the maintenance and activities funds.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gift aid tax. Donations are recognised when received and gift aid tax is accrued on applicable donations in the same year.
Other receipts and fundraising are recognised in the year in which they are received.
Interest and dividends are included when receivable by the club.
Incoming resources from charitable activities are recognised when receivable. Grants are recognised in the year for which the support is intended.
Capital grants and donations included in restricted funds are being released to the income and expenditure account at the same rates as associated assets are being depreciated (see note 7).
- 7 -
DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
Resources expended
Expenditure is recognised on an accruals basis as liabilities are incurred. Expenditure includes unrecoverable VAT, which is reported as part of the cost to which it relates. Costs relating to a particular activity are allocated directly, whereas support costs are apportioned in relation to usage as specified in note 4.
Costs of generating voluntary income and other funds comprise costs associated with donations and fundraising
Charitable expenditure comprises the costs of maintaining the building and all the club activities which take place
Governance costs include the cost of meeting the charity's statutory requirements and strategic management.
Tangible fixed assets
Fixed assets are capitalised at cost.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:
Building over 50 years Long-term repairs over 10 years Fixtures and equipment 10% & 20% on net book value Vehicles 25% on net book value
Impairment of fixed assets
At each reporting end date, the club reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing them to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
Investments
Investments are shown at market value.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
Financial instruments
The club has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the club's balance sheet when the club becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 8 -
DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Critical Accounting Estimates and judgements
In the application of the club’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods
2 Maintenance expenses
| Maintenance expenses | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Gas and electricity | 20,609 | 23,980 |
| Rates and water | 845 | 368 |
| Cleaning wages and expenses | 9,434 | 13,220 |
| Administration costs | 59,230 | 39,210 |
| Insurance - building and contents | 13,514 | 6,406 |
| Other property costs | 16,444 | 18,696 |
| ---------- | ---------- | |
| £ 120,076 | £ 101,880 | |
| ---------- | ---------- |
| 3 | Charitable expenses | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Youth work expenses | 35,957 | 15,299 | |
| Devas Studio expenses | 14,785 | 14,365 | |
| Junior Club expenses | 1,593 | 12,509 | |
| --------- | --------- | ||
| £ 52,335 | £ 42,173 | ||
| --------- | --------- |
- 9 -
DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
| 4 | Support costs | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Telephone | 1,602 | 1,729 | ||
| Design and printing | 535 | 490 | ||
| Postage and stationery | 1,235 | 683 | ||
| Computer and IT | 3,880 | 2,746 | ||
| Equipment expenses | 2,153 | 1,404 | ||
| Travel expenses | 129 | 38 | ||
| Marketing and promotion | 275 | 3,777 | ||
| General expenses | 6,696 | 4,817 | ||
| Bank interest and charges | 356 | 557 | ||
| Accountancy and independent examination costs | 9,025 | 9,748 | ||
| Legal and professional | 8,418 | - | ||
| --------- | --------- | |||
| £ 34,304 | £ 25,989 | |||
| --------- | --------- | |||
| Support costs have been allocated as follows: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Costs of generating voluntary income | 15% | 5,146 | 3,898 | |
| Activities to generate funds | 15% | 5,146 | 3,898 | |
| Charitable activities | 70% | 24,012 | 18,193 | |
| --------- | --------- | |||
| £ 34,304 | £ 25,989 | |||
| --------- | --------- | |||
| 5 | Staff costs | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Salaries and wages | 56,521 | 38,918 | ||
| Social security costs | 198 | 292 | ||
| --------- | --------- | |||
| £ 56,719 | £ 39,210 | |||
| --------- | --------- | |||
| This represents the cost of staff managing the building. | ||||
| Number of employees | ||||
| The average monthly number of employees during the | year was: | |||
| 2021 | 2020 | |||
| Number | Number | |||
| Management | 2 | 2 | ||
| --------- | --------- |
There are no employees who received employee emoluments of more than £60,000 in the current and previous year.
6 Trustee remuneration and expenses
None of the trustees received any remuneration or expenses.
- 10 -
DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
7 Fixed assets
| Fixed assets | ||||||
|---|---|---|---|---|---|---|
| Freehold | Long-term | Fixtures & | ||||
| Land | Building | Repairs | Equipment | Vehicles | Total | |
| £ | £ | £ | £ | £ | £ | |
| Cost | ||||||
| 31 March 2020 | 22,000 | 209,800 | 457,912 | 142,794 | 27,929 | 860,435 |
| Additions in year | - | - | - | 856 | - | 856 |
| --------- | ---------- | ---------- | ---------- | --------- | ---------- | |
| 31 March 2021 | 22,000 | 209,800 | 457,912 | 143,650 | 27,929 | 861,291 |
| --------- | ---------- | ---------- | ---------- | --------- | ---------- | |
| Depreciation | ||||||
| 31 March 2020 | - | 142,778 | 397,637 | 120,642 | 27,929 | 688,986 |
| Charge for year | - | 4,196 | 17,438 | 4,326 | - | 25,960 |
| ------- | ---------- | ---------- | --------- | --------- | ---------- | |
| 31 March 2021 | - | 146,974 | 415,075 | 124,968 | 27,929 | 714,946 |
| ------- | ---------- | ---------- | --------- | --------- | ---------- | |
| Net book value | ||||||
| 31 March 2020 | £ 22,000 | £ 67,022 | £ 60,275 | £ 22,152 | £ - | £ 171,449 |
| --------- | --------- | ---------- | --------- | ------- | ---------- | |
| 31 March 2021 | £ 22,000 | £ 62,826 | £ 42,837 | £ 18,682 | £ - | £ 146,345 |
| --------- | --------- | ---------- | --------- | ------- | ---------- | |
| Capital grant releases | £ - | £ (4,196) | £ - | £ - | £ - | £ (4,196) |
| ------- | ------- | ------- | ------- | ------- | ------- |
8 Stocks
| **8 ** | Stocks | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Finish goods and goods for resale | 100 | 100 | |
| ------- | ------- | ||
| **9 ** | Creditors | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade creditors | 15,650 | 6,029 | |
| Other creditors and accruals | 255 | 278 | |
| ------- | ------- | ||
| £ 15,905 | £ 6,307 | ||
| ------- | ------- |
- 11 -
DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
10 Restricted grants
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Maintenance grants - London Borough of Wandsworth | 25,000 | 7,900 |
| Youth work fund | 10,936 | 24,835 |
| Music studio fund | 10,000 | 15,392 |
| Junior Fund - Clapham Relief Fund | - | 1,600 |
| --------- | --------- | |
| £ 45,936 | £ 49,727 | |
| --------- | --------- |
Wandsworth Borough Council gives grants towards maintenance of the building, youth projects and one off capital grants. In addition, some permanent and part-time staff of the club are employees of the borough.
11 Funds
| Funds | |||||
|---|---|---|---|---|---|
| Brought fwd | Received | Transferred | Expended | Carried fwd | |
| 31 March 2020 | in year | in year | in year | 31 March 2021 | |
| £ | £ | £ | £ | £ | |
| Restricted funds | |||||
| a) Capital fund | 179,022 | (4,196) | - | 174,826 | |
| b) Maintenance fund | - | 25,000 | 95,076 | (120,076) | - |
| c) Youth work fund | - | 10,936 | 25,021 | (35,957) | - |
| d) Music studio fund | - | 10,000 | 4,785 | (14,785) | - |
| e) Junior fund | - | 1,593 | (1,593) | - | |
| Unrestricted funds | |||||
| f) General fund | 50,532 | 202,543 | (122,279) | (60,264) | 70,532 |
| ---------- | ---------- | --------- | ---------- | ---------- | |
| £ 229,554 | £ 248,479 | £ - | £ (232,675) | £ 245,358 | |
| ---------- | ---------- | --------- | ---------- | ---------- |
a) The capital fund was set up at the time the club's premises were built. If they cease to be used for the same or equivalent purposes, a capital grant of £62,730, included within the fund, will become repayable, or part thereof. Repayment is secured by a charge on the premises.
b) The maintenance fund receives grants from the London borough of Wandsworth towards the running costs of the building. These are transferred to the general fund where maintenance costs are incurred.
c) The Youth work fund receives grants from London borough of Wandsworth and trusts towards activities for young people. Any deficiency is made good from the general fund.
d) The Music studio fund receives grants from the London Borough of Wandsworth towards the running costs of the music studio. Any deficiency is made good from the general fund.
e) The Junior fund receives grants from the Clapham Relief Fund towards the costs of running a club for young people. Any deficiency is made good from the general fund.
f) Unrestricted grants included a grant from the Arts Council of £45,000 to be used on any charitable activity, but excluding salaries of those personnel who were furloughed during the year.
- 12 -
DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
| 12 | Analysis of net assets by funds | ||||
|---|---|---|---|---|---|
| Fixed | Current | Current | Net | ||
| Assets | Assets | Liabilities | Assets | ||
| £ | £ | £ | £ | ||
| Restricted funds | |||||
| - Capital fund | 174,826 | 174,826 | |||
| - Maintenance fund | - | - | - | ||
| - Youth work fund - London Borough of Wandsworth | - | - | - | ||
| - Music studio fund | - | - | - | ||
| - Junior fund | - | - | - | ||
| ---------- | ------- | ------- | ---------- | ||
| 174,826 | - | - | 174,826 | ||
| Unrestricted funds | |||||
| - General fund | (28,481) | 114,918 | (15,905) | 70,532 | |
| ---------- | ---------- | --------- | ---------- | ||
| £ 146,345 | £ 114,918 | £ (15,905) | £ 245,358 | ||
| ---------- | ---------- | --------- | ---------- |
13 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
- 13 -
DEVAS CLUB
REPORT AND ACCOUNTS
31 MARCH 2021
----- Start of picture text -----
Registered company
6720799
Registered charity
1129419
----- End of picture text -----
DEVAS CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
Status
The club is a charitable company limited by guarantee, incorporated on 10 October 2008 and registered as a charity on 6 May 2009. It succeeded to the assets and activities of The Devas Club, a registered charity founded in 1884 and reconstituted under a charitable deed in 1974.
The company was established under a memorandum of association which specifies the objects and powers of the charitable company and is governed under its articles of association.
Registered numbers Company 6720799 Charity 1129419
Trustees and directors
Andrew Griffith (Chair) Jennifer Borden OBE Sir Ivor Crewe Johnny Devas Charles Dorin Paul Flather Katherine Ludlow (appointed 29 July 2020) Mark Potter Clare Elizabeth Cole (appointed 29 July 2020) Rt. Hon. Sir Christopher David Floyd (appointed 29 July 2020)
Registered office
Devas Club Stormont Road Battersea London SW11 5EN
Independent examiner
S M Holborn WSM Advisors Limited Chartered Accountants Connect House 133-137 Alexandra Road London SW19 7JY
Bankers
National Westminster Bank plc 300 Silbury Boulevarde Milton Keynes MK9 2ZF
COIF Charities Deposit Fund 80 Cheapside London EC2V 6DZ
- 1 -
DEVAS CLUB
REPORT OF THE TRUSTEES
31 MARCH 2021
The trustees present their report and accounts for the year ended 31 March 2021.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the charity's 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) as amended for accounting periods commencing from 1 January 2016.
Objectives and activities
The objective of the Devas Club is to enable young people, including the disaffected and at risk, to reach their full potential as responsible, talented individuals and as active participants within their local community.
Our aim is to enable member’s talents to develop through doing and making. The building currently includes a gym, a recording studio, performance space, cooking and computer facilities, a range of meeting and rehearsal rooms, and a basketball court.
The club currently offers the following youth activities:
-
General club: table tennis, pool, bar football, computers with internet access, library;
-
Regular activities: Fitness studio, football training, music production, DJ workshop, dance, hair and beauty, cooking workshop;
-
Special activities dependent on funding availability: film and drama course, t-shirt printing, and off-site visits and activities. We also have an active relationship with University College, Oxford, with an annual boys and girls visit with a football match and a tour of the college and social event. There are regular Showcase performances by the young people at the club.
Achievements and performance
An account of the year's activities can be found in the annual report and the website www.devasclub.org .
Financial review, reserves and risk policy
The trustees aim to hold reserves sufficient to enable it to settle its affairs at any time in a controlled way. At the balance sheet date unrestricted reserves amounted to £70,531.
Medium-term surpluses of cash are invested in the COIF deposit fund and a NatWest business reserve account.
The trustees confirm that a review of risks affecting the charity has been carried out. They consider these to be negligible since expenditure is only undertaken when funds are available. A system of prudent management is a sufficient safeguard.
Structure, governance and management
The club is a charitable company limited by guarantee, incorporated on 10 October 2008 and registered as a charity on 6 May 2009. It succeeded to the assets and activities of The Devas Club, a registered charity founded in 1884 and reconstituted under a charitable deed in 1974.
This report covers the year ended 31 March 2021.
Reference and administrative information set out on page 1 forms part of this report.
The trustees, who are also the directors of the charitable company, who served during the year were as follows:-
Andrew Griffith (Chair) Paul Flather Jennifer Borden OBE Katherine Ludlow Sir Ivor Crewe Mark Potter Johnny Devas Clare Elizabeth Cole Charles Dorin Rt. Hon. Sir Christopher David Floyd
The articles of association authorise up to twelve trustee directors. One is ex officio Master of University College, Oxford. The remaining trustees are co-opted by the existing trustees by resolution at trustees' meetings. New trustees are inducted informally by the existing trustees.
The club is staffed and run by youth workers and volunteers, some of whom are engaged by Wandsworth Youth Service under a 25 year agreement signed in 2012. Decisions are made by the board of trustees in consultation with the staff and together these represent the key management personnel.
- 2 -
DEVAS CLUB
REPORT OF THE TRUSTEES
31 MARCH 2021
Plans for the future
Devas has used the time between 1st April 2020 and 31 March 2021 to develop its organisation and programmes and plans to continue to do so. The challenges presented by Covid-19 during the period meant that the year was varied and encouraged a much longer view of the organisational plan. When restrictions were lifted in the summer of 2020, regular attendees of the club were able to participate in a range of activities including music, dance, football, cooking and basketball in person. Following the summer of activities, in September, the Devas Head of Administration decided to leave the club after two years working with the charity. This began a process of fund raising and restructuring the club which resulted two new roles, Director of Operations and Programmes Coordinator. In the run up to Christmas, as these roles were established, government guidelines meant the closing of face-to-face activities and the need to look for alternative ways to offer support to club members. Devas built out its programmes to deliver food to young people in winter and spring 2020/21 to keep in touch and delivered hot meals and care packages to young people locally. As with the previous year, the trustees furloughed the Centre Manager during the periods when heavy restrictions on activities applied. The trust planned to relaunch from April 2021, with a gradually increasing juniors programme aiming at a full-scale junior's programme slated to launch in September 2021. Meanwhile the seniors lost the Wandsworth lead youth worker to
Statement of trustees' responsibilities
Company law and law applicable to charities in England and Wales require the trustees to prepare financial statements for each financial year which give a true and fair view of the company's financial activities during the year and of its financial position at the end of the year.
In preparing financial statements giving a true and fair view, 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 estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any 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 charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the company and which enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011, the Statement of Recommended Practice for accounting by charities and the governing document. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.
Registered office
Stormont Road Battersea London SW11 5EN
Mark Potter Trustee 01 December 2021
- 3 -
ACCOUNTANT'S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF
DEVAS CLUB
I report on the accounts for the year ended 31 March 2021 set out on pages 5 to 11.
Responsibilities of trustees and examining accountants
As trustees you are responsible for the preparation of the accounts and you consider that these accounts are exempt from an audit under S144(2) of the Charities Act 2011 and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under S145 of the Charities Act 2011;
-
to follow the procedures laid down by the Charity Commissioners under S145(5)(b) of the Charities Act 2011; and - to state whether particular matters have come to our attention.
Basis of independent examiner's report
My examination was carried out in accordance with the directions of the Charity Commissioners. An examination includes a review of the accounts and a comparison with the accounting records kept by the charity. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
WSM Advisors Limited provides book-keeping services for the charity and the FRC's Revised Ethical Standards have been applied.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
1 which gives us reasonable cause to believe that, in any material respect, the requirements: - to keep accounting records in accordance with S130 of the Charities Act 2011; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the have not been met; or
-
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be
Connect 133-137 Alexandra Road Wimbledon London SW19 7JY
S M Holborn WSM ADVISORS LTD Chartered Accountants 01 December 2021
- 4 -
DEVAS CLUB
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2021
| Unrestricted | Restricted | 2021 | 2020 | ||
|---|---|---|---|---|---|
| fund | funds | Total | Total | ||
| Notes | £ | £ | £ | £ | |
| Income | |||||
| Charitable donations and grants | 108,705 | - | 108,705 | 19,091 | |
| Income from charitable activities | |||||
| Restricted grants | 10 | - | 45,936 | 45,936 | 49,727 |
| Building income | 83,126 | - | 83,126 | 117,312 | |
| Activities for generating funds | |||||
| Other receipts and fundraising | 10,704 | - | 10,704 | 2,811 | |
| Interest receivable | 8 | - | 8 | 38 | |
| ----------- | --------- | ----------- | ----------- | ||
| Total income | 202,543 | 45,936 | 248,479 | 188,979 | |
| ----------- | --------- | ----------- | ----------- | ||
| Expenditure | |||||
| Charitable activities | |||||
| Maintenance expenses | 2 | - | 120,076 | 120,076 | 101,880 |
| Charitable expenses | 3 | - | 52,335 | 52,335 | 42,173 |
| Depreciation | 7 | 25,960 | - | 25,960 | 27,783 |
| Capital grant transfers | 7 | (4,196) | 4,196 | - | - |
| Support costs | 4 | 24,012 | - | 24,012 | 18,193 |
| Costs of generating donations and grants | |||||
| Support costs | 4 | 5,146 | - | 5,146 | 3,898 |
| Costs of other activities | |||||
| Support costs | 4 | 5,146 | - | 5,146 | 3,898 |
| --------- | ----------- | ----------- | ----------- | ||
| Total expenditure | 56,068 | 176,607 | 232,675 | 197,825 | |
| --------- | ----------- | ----------- | ----------- | ||
| Net income / (expenditure) for the year | 146,475 | (130,671) | 15,804 | (8,846) | |
| --------- | --------- | --------- | --------- | ||
| Transfers between funds | 11 | (126,475) | 126,475 | - | - |
| --------- | --------- | --------- | --------- | ||
| Net movement of funds for the year | 20,000 | (4,196) | 15,804 | (8,846) | |
| Total funds brought forward | 50,532 | 179,022 | 229,554 | 238,400 | |
| --------- | ----------- | ----------- | ----------- | ||
| Total funds carried forward | £ 70,532 | £ 174,826 | £ 245,358 | £ 229,554 | |
| --------- | ----------- | ----------- | ----------- |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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DEVAS CLUB
BALANCE SHEET - 31 MARCH 2021
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible fixed assets | 7 | 146,345 | 171,449 | ||||
| Current assets | |||||||
| Canteen stock | 100 | 100 | |||||
| Bank and cash balances | 114,818 | 64,312 | |||||
| --------- | --------- | ||||||
| 114,918 | 64,412 | ||||||
| Current liabilities | |||||||
| Creditors and accruals | 9 | 15,905 | 6,307 | ||||
| --------- | ------- | ||||||
| Net current assets | 99,013 | 58,105 | |||||
| ---------- | ---------- | ||||||
| Total assets less current liabilities | £ | 245,358 | £ | 229,554 | |||
| ---------- | ---------- | ||||||
| Represented by: | |||||||
| Funds | 11 | ||||||
| Restricted: | |||||||
| Capital fund | 174,826 | 179,022 | |||||
| Unrestricted - general: | |||||||
| General fund | 70,532 | 50,532 | |||||
| ---------- | ---------- | ||||||
| £ | 245,358 | £ | 229,554 | ||||
| ---------- | ---------- |
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a) These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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b) For the year in question the company was entitled to exemption from an audit under S477(2) of the Companies Act 2006 relating to the small companies regime.
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c) The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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d) the directors acknowledge their responsibilities for: i) ensuring that the company keeps accounting records which comply with S386; and
ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its result for the financial year in accordance with the requirements of S394 and 395 of the Companies Act 2006 and which otherwise comply with the requirements of that Act relating to accounts, so far as
Mark Potter - Trustee 01 December 2021 Approved by the directors and signed on their behalf
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DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
1 Principal accounting policies
The accounting policies have been applied consistently throughout the year and the preceding year and are set out
Charity information
Devas Club is a private company limited by guarantee in England and Wales. The registered office is 2A Stormont Road, London, SW11 5EN.
Accounting convention
The accounts have been prepared in accordance with the club's Memorandum and Articles of Association, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice available to charities preparing their accounts in accordance with the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (as amended for accounting periods commencing from 1 January 2016). Devas Club is a Public Benefit Entity as defined by FRS 102.
Devas Club has taken the advantage of the provisions in the SORP for Charities applying FRS 102 Updated Bulletin1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of Devas Club. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the accounts, the Directors, who are also the Trustees have a reasonable expectation that Devas Club has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the accounts.
Fund accounting
These have been divided into restricted funds, where income arises with restrictions as to its uses and the unrestricted general fund which is available for the general purposes of the club. Transfers are made from the general fund to offset deficiencies in the maintenance and activities funds.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gift aid tax. Donations are recognised when received and gift aid tax is accrued on applicable donations in the same year.
Other receipts and fundraising are recognised in the year in which they are received.
Interest and dividends are included when receivable by the club.
Incoming resources from charitable activities are recognised when receivable. Grants are recognised in the year for which the support is intended.
Capital grants and donations included in restricted funds are being released to the income and expenditure account at the same rates as associated assets are being depreciated (see note 7).
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DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
Resources expended
Expenditure is recognised on an accruals basis as liabilities are incurred. Expenditure includes unrecoverable VAT, which is reported as part of the cost to which it relates. Costs relating to a particular activity are allocated directly, whereas support costs are apportioned in relation to usage as specified in note 4.
Costs of generating voluntary income and other funds comprise costs associated with donations and fundraising
Charitable expenditure comprises the costs of maintaining the building and all the club activities which take place
Governance costs include the cost of meeting the charity's statutory requirements and strategic management.
Tangible fixed assets
Fixed assets are capitalised at cost.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:
Building over 50 years Long-term repairs over 10 years Fixtures and equipment 10% & 20% on net book value Vehicles 25% on net book value
Impairment of fixed assets
At each reporting end date, the club reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing them to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
Investments
Investments are shown at market value.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
Financial instruments
The club has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the club's balance sheet when the club becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Critical Accounting Estimates and judgements
In the application of the club’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods
2 Maintenance expenses
| Maintenance expenses | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Gas and electricity | 20,609 | 23,980 |
| Rates and water | 845 | 368 |
| Cleaning wages and expenses | 9,434 | 13,220 |
| Administration costs | 59,230 | 39,210 |
| Insurance - building and contents | 13,514 | 6,406 |
| Other property costs | 16,444 | 18,696 |
| ---------- | ---------- | |
| £ 120,076 | £ 101,880 | |
| ---------- | ---------- |
| 3 | Charitable expenses | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Youth work expenses | 35,957 | 15,299 | |
| Devas Studio expenses | 14,785 | 14,365 | |
| Junior Club expenses | 1,593 | 12,509 | |
| --------- | --------- | ||
| £ 52,335 | £ 42,173 | ||
| --------- | --------- |
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DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
| 4 | Support costs | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Telephone | 1,602 | 1,729 | ||
| Design and printing | 535 | 490 | ||
| Postage and stationery | 1,235 | 683 | ||
| Computer and IT | 3,880 | 2,746 | ||
| Equipment expenses | 2,153 | 1,404 | ||
| Travel expenses | 129 | 38 | ||
| Marketing and promotion | 275 | 3,777 | ||
| General expenses | 6,696 | 4,817 | ||
| Bank interest and charges | 356 | 557 | ||
| Accountancy and independent examination costs | 9,025 | 9,748 | ||
| Legal and professional | 8,418 | - | ||
| --------- | --------- | |||
| £ 34,304 | £ 25,989 | |||
| --------- | --------- | |||
| Support costs have been allocated as follows: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Costs of generating voluntary income | 15% | 5,146 | 3,898 | |
| Activities to generate funds | 15% | 5,146 | 3,898 | |
| Charitable activities | 70% | 24,012 | 18,193 | |
| --------- | --------- | |||
| £ 34,304 | £ 25,989 | |||
| --------- | --------- | |||
| 5 | Staff costs | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Salaries and wages | 56,521 | 38,918 | ||
| Social security costs | 198 | 292 | ||
| --------- | --------- | |||
| £ 56,719 | £ 39,210 | |||
| --------- | --------- | |||
| This represents the cost of staff managing the building. | ||||
| Number of employees | ||||
| The average monthly number of employees during the | year was: | |||
| 2021 | 2020 | |||
| Number | Number | |||
| Management | 2 | 2 | ||
| --------- | --------- |
There are no employees who received employee emoluments of more than £60,000 in the current and previous year.
6 Trustee remuneration and expenses
None of the trustees received any remuneration or expenses.
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DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
7 Fixed assets
| Fixed assets | ||||||
|---|---|---|---|---|---|---|
| Freehold | Long-term | Fixtures & | ||||
| Land | Building | Repairs | Equipment | Vehicles | Total | |
| £ | £ | £ | £ | £ | £ | |
| Cost | ||||||
| 31 March 2020 | 22,000 | 209,800 | 457,912 | 142,794 | 27,929 | 860,435 |
| Additions in year | - | - | - | 856 | - | 856 |
| --------- | ---------- | ---------- | ---------- | --------- | ---------- | |
| 31 March 2021 | 22,000 | 209,800 | 457,912 | 143,650 | 27,929 | 861,291 |
| --------- | ---------- | ---------- | ---------- | --------- | ---------- | |
| Depreciation | ||||||
| 31 March 2020 | - | 142,778 | 397,637 | 120,642 | 27,929 | 688,986 |
| Charge for year | - | 4,196 | 17,438 | 4,326 | - | 25,960 |
| ------- | ---------- | ---------- | --------- | --------- | ---------- | |
| 31 March 2021 | - | 146,974 | 415,075 | 124,968 | 27,929 | 714,946 |
| ------- | ---------- | ---------- | --------- | --------- | ---------- | |
| Net book value | ||||||
| 31 March 2020 | £ 22,000 | £ 67,022 | £ 60,275 | £ 22,152 | £ - | £ 171,449 |
| --------- | --------- | ---------- | --------- | ------- | ---------- | |
| 31 March 2021 | £ 22,000 | £ 62,826 | £ 42,837 | £ 18,682 | £ - | £ 146,345 |
| --------- | --------- | ---------- | --------- | ------- | ---------- | |
| Capital grant releases | £ - | £ (4,196) | £ - | £ - | £ - | £ (4,196) |
| ------- | ------- | ------- | ------- | ------- | ------- |
8 Stocks
| **8 ** | Stocks | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Finish goods and goods for resale | 100 | 100 | |
| ------- | ------- | ||
| **9 ** | Creditors | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade creditors | 15,650 | 6,029 | |
| Other creditors and accruals | 255 | 278 | |
| ------- | ------- | ||
| £ 15,905 | £ 6,307 | ||
| ------- | ------- |
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DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
10 Restricted grants
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Maintenance grants - London Borough of Wandsworth | 25,000 | 7,900 |
| Youth work fund | 10,936 | 24,835 |
| Music studio fund | 10,000 | 15,392 |
| Junior Fund - Clapham Relief Fund | - | 1,600 |
| --------- | --------- | |
| £ 45,936 | £ 49,727 | |
| --------- | --------- |
Wandsworth Borough Council gives grants towards maintenance of the building, youth projects and one off capital grants. In addition, some permanent and part-time staff of the club are employees of the borough.
11 Funds
| Funds | |||||
|---|---|---|---|---|---|
| Brought fwd | Received | Transferred | Expended | Carried fwd | |
| 31 March 2020 | in year | in year | in year | 31 March 2021 | |
| £ | £ | £ | £ | £ | |
| Restricted funds | |||||
| a) Capital fund | 179,022 | (4,196) | - | 174,826 | |
| b) Maintenance fund | - | 25,000 | 95,076 | (120,076) | - |
| c) Youth work fund | - | 10,936 | 25,021 | (35,957) | - |
| d) Music studio fund | - | 10,000 | 4,785 | (14,785) | - |
| e) Junior fund | - | 1,593 | (1,593) | - | |
| Unrestricted funds | |||||
| f) General fund | 50,532 | 202,543 | (122,279) | (60,264) | 70,532 |
| ---------- | ---------- | --------- | ---------- | ---------- | |
| £ 229,554 | £ 248,479 | £ - | £ (232,675) | £ 245,358 | |
| ---------- | ---------- | --------- | ---------- | ---------- |
a) The capital fund was set up at the time the club's premises were built. If they cease to be used for the same or equivalent purposes, a capital grant of £62,730, included within the fund, will become repayable, or part thereof. Repayment is secured by a charge on the premises.
b) The maintenance fund receives grants from the London borough of Wandsworth towards the running costs of the building. These are transferred to the general fund where maintenance costs are incurred.
c) The Youth work fund receives grants from London borough of Wandsworth and trusts towards activities for young people. Any deficiency is made good from the general fund.
d) The Music studio fund receives grants from the London Borough of Wandsworth towards the running costs of the music studio. Any deficiency is made good from the general fund.
e) The Junior fund receives grants from the Clapham Relief Fund towards the costs of running a club for young people. Any deficiency is made good from the general fund.
f) Unrestricted grants included a grant from the Arts Council of £45,000 to be used on any charitable activity, but excluding salaries of those personnel who were furloughed during the year.
- 12 -
DEVAS CLUB
NOTES TO THE ACCOUNTS - 31 MARCH 2021
| 12 | Analysis of net assets by funds | ||||
|---|---|---|---|---|---|
| Fixed | Current | Current | Net | ||
| Assets | Assets | Liabilities | Assets | ||
| £ | £ | £ | £ | ||
| Restricted funds | |||||
| - Capital fund | 174,826 | 174,826 | |||
| - Maintenance fund | - | - | - | ||
| - Youth work fund - London Borough of Wandsworth | - | - | - | ||
| - Music studio fund | - | - | - | ||
| - Junior fund | - | - | - | ||
| ---------- | ------- | ------- | ---------- | ||
| 174,826 | - | - | 174,826 | ||
| Unrestricted funds | |||||
| - General fund | (28,481) | 114,918 | (15,905) | 70,532 | |
| ---------- | ---------- | --------- | ---------- | ||
| £ 146,345 | £ 114,918 | £ (15,905) | £ 245,358 | ||
| ---------- | ---------- | --------- | ---------- |
13 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
- 13 -