**Charity registration number 1130227**
**Company registration number 06761002 (England and Wales)**
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE**
**COMPANY LIMITED BY GUARANTEE**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
**BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION**
|**Management Committee**|R Taylor||
|---|---|---|
||C Hayward||
||S McCormick||
||J Mitchell|(Appointed 12 June 2023)|
||A Kirby|(Appointed 12 June 2023)|
||P Doyle|(Appointed 12 June 2023)|
|**Charity number**|1130227||
|**Company number**|06761002||
|**Principal address**|104 Marsh Lane||
||Bootle||
||Merseyside||
||L20 4JQ||
|**Registered office**|104 Marsh Lane||
||Bootle||
||Merseyside||
||L20 4JQ||
|**Independent examiner**|Mr Tony Stanley ACA||
||Suites C,D,E&F||
||14th Floor The Plaza||
||100 Old Hall Street||
||Liverpool||
||L3 9QJ||
|**Bankers**|Cater Allen Bank||
||9 Nelson Street||
||Bradford||
||BD1 5AN||
||Lloyds Bank plc||
||2-12 Lord Street||
||Liverpool||
||L2 1TS||
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE CONTENTS**
||**Page**|
|---|---|
|Management Committee report|1 - 5|
|Statement of Management Committee responsibilities|6|
|Independent examiner's report|7|
|Statement of financial activities|8 - 9|
|Balance sheet|10|
|Notes to the financial statements|11 - 21|
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
The Management Committee present their annual report and financial statements for the year ended 31 March 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 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 1 January 2019).
## **Objectives and activities**
The charity's objects are to provide a programme of activities for the youth of Bootle using the Centre's premises and equipment to their maximum potential.
The aims of the Centre are to help persons under the age of 25 years through leisure time activities to develop their physical and spiritual capabilities so that they may grow to full maturity as individuals and members of society. The Centre also aims to benefit the wider community of Bootle and Sefton areas and the neighbourhood without distinction, by associating together the said residents and local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities for recreation leisure time with the objective of improving the conditions of life for those residents.
## Policies adopted:-
- Reviewing and maintaining the Centre's facilities.
- Employing staff to provide a daily programme of activities for young people aged 11 to 18.
- Running a Junior Club for children aged 7 to 11.
- Providing trips outside the immediate locality both in the UK and overseas.
- Ensuring that the Centre has sufficient income to cover the overheads incurred.
There have been no material changes in policies following incorporation.
The Management Committee have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake.
The 2023-24 financial year was a momentous year for the Brunny
The Well-being Centre completed in spring 2023 and was formally opened in the August by our former Treasurer Dave Clarke and in memory of our former councillor Gordon Friel
Solar Panels were also installed in April 2023 – funded by a generous grant from Veolia
Thanks to a grant of £4,350 from Vola we were able to buy 4 computers and create a computer training room. This has been well used by young and old alike.
In November, the club purchased an electric van for £37,000 which has, following conversion works at a cost of £18,000, become our new minibus. This was funded by a number of donations including a very generous gift from Cammell Laird made at our successful Charity Golf Day at Royal Liverpool in September 2023 which was organised by Brian Roberts and the golf committee.
And finally in conjunction with Merseyside Youth Association (who own our Marsh Lane premises), we also secured a substantial grant from the Youth Investment Fund for the refurbishment of the building. The actual work only commenced after the financial year end but will comprise a new heating system, double glazing, front entrance and sports pitch, and re-cladding of the exterior. The result is a building that will be warmer, drier, cheaper to run and also have Improved facilities.
The driving force for all these improvements have been our Centre Manager, Keith Lloyd and our Development Manager, Val Johnson - I wish to record my thanks to them for their hard work in managing these projects and securing the funding.
Also, my thanks go to Ellie Griffin for all that she does in so many areas of the club’s activities including, but not limited to, the administration. Our new Sage accounting system is now fully operational.
- 1 -
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE MANAGEMENT COMMITTEE REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Objectives and activities (Cont.)**
Our Safeguarding procedures are now fully embedded within our operations and working as they should and need to. Our Safeguarding Officer Catherine Taylor keeps us in line with best practice.
As an organisation we are committed to attaining best standards with respect to governance, management and staff development.
The prime reason for our existence and our main purpose is our work with children and youth.
We are reaching out to a good number of school-age children. The 3 Junior Club sessions we run on early weekday evenings are always fully subscribed. We run our Senior Club on 4 evenings a week and they regularly attract upwards of 40 children each time. In all these sessions we lay on a number of age-appropriate soft educational programmes aimed at improving their lives and bettering their life chances.
Themes explored include self-harm, gender identity and personal hygiene.
We also lay on programmes to develop the next generation of leaders and to support children who have fallen out of the formal education system.
Thanks to Stephen Taylor and the rest of the team for devising and providing such a rich variety of activities which is clearly relevant to, and popular with, so many of our youth.
We do also work with local families
- Cooking on a budget courses in our teaching kitchen
- Family ‘warmth nights’
- Food, energy, and clothing vouchers to support local families who are struggling with the cost of living.
- Family Fun days
- Mums and Toddlers Group.
- Employment support
There is an African saying _“it takes a village to raise a child_ ”. So, an important part of our work is that we use our premises to provide programmes and activities for people of all ages so that the community is fully engaged. We host Pensioners groups, a Walking Football team, a community choir and our building also acts as the local branch of the Armed Forces Veterans. These activities not only help reduce isolation and improve people’s mental and physical wellbeing, but the presence of older people being in the building day-to-day reinforces our work in engaging with young persons.
## **Achievements and performance**
In this financial year, the following main objectives were adopted by the charity:
- Grow our community’s capacity to enable it to become more resilient in the future.
• Provide early Interventional programmes of work to support the mental, physical and educational needs of our children and young people to facilitate their ambitions for the future.
• Strengthen our organisation by delivering a sustainable model of work which is professional and has a respected approach to governance, management and staff development.
These themes will form the focus of our development and activities going forward to support and strengthen a disadvantaged community.
- 2 -
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE MANAGEMENT COMMITTEE REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Financial review**
The Trustees and the Committee would like to thank the following donors to general funds for their generosity during the last financial year, and for continuing to believe in the Brunswick Youth and Community Centre and all that we are trying to achieve. Strong partnerships will create a stronger, more resilient community:
Children in Need
Community Foundation for Merseyside
Cash 4 Kids
Steve Morgan Foundation
Postcode Neighbourhood Fund
Merseyside Police Youth Diversionary Fund
Living Well Sefton
LFC Charity Foundation
23 Foundation
Carpenters Group
One Vision Housing
Sefton CVS
Clarke Charitable Trust
L Bibby Fund
D Behrend
Duchy of Lancaster Benevolent Fund
Skelton Bounty
T.U.U.T Charity
Vola Consortium
South Sefton Development Regeneration
Liverpool Council of Voluntary Services
Anonymous
Community Foundation
Edward Bibby
AW Shone
Bauer Radio City
There was total income of £344,266 for the year, as shown in the Statement of Financial Activities. Expenditure totalled £332,671 leaving total funds carried forward of £235,229 at 31 March 2024. Total carried forward restricted funds were £20,000 and a full analysis of Restricted Funds is shown at note 14.
- 3 -
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE MANAGEMENT COMMITTEE REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Financial review (Cont.)**
The Trustees have determined that ‘free’ reserves should be maintained which could be called upon if the organisation saw a downturn in grants and donations. Ideally the board would like to have available sufficient funds to cover 6 months' normal operating expenditure which has been calculated as £112,003. Of the total unrestricted funds held at the year-end of £215,229, free reserves amounted to £138,960. Free reserves represent the freely expendable funds of the charity and are calculated as total unrestricted funds less amounts tied up in fixed assets. The trustees are satisfied that the free reserves as of 31 March 2024 are sufficient to cover the charity's reserves target.
## **Structure, governance and management**
Brunswick Youth And Community Centre is a company limited by guarantee. The company was incorporated on 28 November 2008, and on 31 March 2009 the net assets of the charity 'Brunswick Youth Club' (an unincorporated charitable trust) were transferred to the company.
The charitable trust had originally been established in 1947 by ex-Prisoners of War of Oflag 79 Brunswick, Germany.
The Management Committee, who are also the trustees, and the directors for the purpose of company law, and who served during the year were:
C A L Hayward (Chairman) R C C Taylor (Hon. Treasurer) S McCormick P Doyle (Appointed 12 June 2023) A Kirby (Appointed 12 June 2023) J Mitchell (Appointed 12 June 2023)
Presidents:
T J Marshall A W Shone (Past President) I R Short (Vice President) J R Syvret (Vice President)
Centre Manager: Keith Lloyd
None of the Management Committee has any beneficial interest in the company. All of the Management Committee are members of the company and guarantee to contribute £1 in the event of a winding up.
## Management Committee Responsibilities:
To provide and manage a centre for use as a youth centre conducted in conformity with principles and objectives of the Merseyside Youth Association Limited.
The Management Committee is responsible for the supervision of the Centre Manager, who is responsible for the daily implementation of policies.
The Management Committee has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to manage exposure to the major risks.
- 4 -
BRUNSWICK YOUTh AND COMMUNITY CENTRE
COMPANY LIMITED BY GUARANTEE
MANAGEMENT COMMirrEE REPORT (CONTINUEOMINCLUDING DIRECTORS,
REPORT)
FOR ThE YEAR ENDED 31 MARCH 2024
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15 01 Con18*A 2(Th.
On b•hall(Ith• olPA•n•9&iwnl Cr*M*•
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## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE STATEMENT OF MANAGEMENT COMMITTEE RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
The Management Committee, who are also the directors of Brunswick Youth And Community Centre for the purpose of company law, are responsible for preparing the Management Committee Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Management Committee 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 UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Management Committee are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 6 -
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT**
## **TO THE MANAGEMENT COMMITTEE OF BRUNSWICK YOUTH AND COMMUNITY CENTRE**
I report to the Management Committee on my examination of the financial statements of Brunswick Youth And Community Centre (the charity) for the year ended 31 March 2024.
This report is made solely to the charity's trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my examination, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the Management Committee of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
**Mr Tony Stanley ACA**
Mitchell Charlesworth Accountants Suites C,D,E&F 14th Floor The Plaza 100 Old Hall Street Liverpool L3 9QJ
Dated: 4 February 2025
- 7 -
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Current financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
88,584
-
Charitable activities
**4**
100,921
154,761
**Total income**
189,505
154,761
**Expenditure on:**
Charitable activities
**5**
224,006
108,665
**Net (outgoing)/incoming resources before**
**transfers**
(34,501)
46,096
Gross transfers between funds
75,170
(75,170)
**Net income/(expenditure) for the year/**
**Net movement in funds**
40,669
(29,074)
Fund balances at 1 April 2023
174,560
49,074
**Fund balances at 31 March 2024**
215,229
20,000|**Total**
**2024**
**£**
88,584
255,682
344,266
332,671
11,595
-
11,595
223,634
235,229|Total
2023
**£**
85,640
202,494|
|---|---|---|
|||288,134|
|||282,498|
|||5,636
-|
|||5,636
217,998|
|||223,634|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 8 -
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Prior financial year**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
85,640
-
Charitable activities
**4**
89,870
112,624
**Total income**
175,510
112,624
**Expenditure on:**
Charitable activities
**5**
191,133
91,365
**Net (outgoing)/incoming resources before transfers**
(15,623)
21,259
**Net income/(expenditure) for the year/**
**Net movement in funds**
(15,623)
21,259
Fund balances at 1 April 2022
190,183
27,815
**Fund balances at 31 March 2023**
174,560
49,074|**Total**
**2023**
**£**
85,640
202,494|
|---|---|
||288,134|
||282,498|
||5,636|
||5,636
217,998|
||223,634|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 9 -
BRUNSWICK YOUTH AND COMMUNITY CENTrE
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT31 AIARCH 2024
2•24
Flx•d ••••l•
46.882
Cun•nt••••ts
12.41KI
259.023
15,9)2
240,361
C•sh •1 b•nk hw
271.423
2ss,e83
Crndltr)rn: hllkno T*IINn
1112.4631
179,1111
158.
178,752
T•l•l l•M N*bllll••
236.229
223,834
In••m• fvThd•
14
20.CQ)
21S.229
49.074
174,560
Unr•strhJ•O fvnd•
235,229
223.634
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2ff6. y••r •nd•d 31 Mireh W24
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of affwrs of th• vjmpany •• •1 th• •thJ of th• firTr9nc1 y•ar of Ils wK4xnwy resou aFglKation of
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Ilh•ncMI •0 far as awlK•bl• trj the .
TM m•rnbers ha%* r•qund lh• cw lo •n ol ts fir*NKiil atslur*rts fty the yr
accwdwK* 11 478.
) the ynall rth}nIeS wlm•.
R Tayknr
ComnY R•ql•tr•fj•n l•0. fj1711•
-10-
**BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS**
_**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Company information**
Brunswick Youth And Community Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is 104 Marsh Lane, Bootle, Merseyside, L20 4JQ.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Assocation, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the accounts the Management Committee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Management Committee continue to adopt the ‘going concern’ basis of accounting in preparing the accounts.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Management Committee in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.
## **1.4 Income**
Voluntary income is received by way of donations and gifts and is included in the full statement of financial activities when receivable. The value of services provided by volunteers has not been included.
Grants are recognised in full in the statements of financial activities in the year in which they are receivable.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 11 -
**BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure reflects all amounts paid and accrued during the year. All costs are allocated between expenditure categories of the statement of financial activities (SOFA) on a basis designed to reflect the use of the resource.
**Charitable expenditure** Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
**Governance costs**
These represent costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to strategic management of the charity.
## **1.6 Tangible fixed assets**
Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.
All fixed assets costing more than £500 are capitalised at cost.
Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings 10% straight line basis Plant and machinery 20% straight line basis Fixtures, fittings & equipment 50% straight line basis Motor vehicles 25% straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible 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).
## **1.8 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.
## **1.9 Financial instruments**
The charity 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 charity's balance sheet when the charity 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.
- 12 -
**BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
_**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**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 amortised.
## _**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 amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Taxation**
The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income and gains falling within these exemptions.
The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
## **1.12 Pensions**
The charity operates a defined contributions pension scheme. Contributions are charged in the accounts in the year in which they are paid.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the Management Committee 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.
There were considered to be no critical accounting estimates or judgements applied in the preparation of these financial statements.
- 13 -
**BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **3 Donations and legacies**
|Donations and gifts
**Charitable activities**
**Youth &**
**Community**
**Centre**
**Henry Smith**
**Trust Fund**
**and National**
**Lottery**
**Community**
**Fund**
**2024**
**2024**
**£**
**£**
Income within
charitable activities
41,738
-
Performance related
grants
25,000
181,344
Other income
7,600
-
74,338
181,344
Analysis by fund
Unrestricted funds
74,338
26,583
Restricted funds
-
154,761
74,338
181,344
**Performance related grants**
Sefton MBC
25,000
-
Henry Smith Trust Fund
-
87,749
National Lottery
-
93,595
25,000
181,344|**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
88,584
85,640
**Total**
Youth &
Community
Centre
Henry Smith
Trust Fund
and National
Lottery
Community
Fund
Total
**2024**
2023
2023
2023
**£**
£
£
£
41,738
47,474
-
47,474
206,344
25,000
112,624
137,624
7,600
17,396
-
17,396
255,682
89,870
112,624
202,494
100,921
89,870
-
89,870
154,761
-
112,624
112,624
255,682
89,870
112,624
202,494
25,000
25,000
-
25,000
87,749
-
61,899
61,899
93,595
-
50,725
50,725
206,344
25,000
112,624
137,624|**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
88,584
85,640
**Total**
Youth &
Community
Centre
Henry Smith
Trust Fund
and National
Lottery
Community
Fund
Total
**2024**
2023
2023
2023
**£**
£
£
£
41,738
47,474
-
47,474
206,344
25,000
112,624
137,624
7,600
17,396
-
17,396
255,682
89,870
112,624
202,494
100,921
89,870
-
89,870
154,761
-
112,624
112,624
255,682
89,870
112,624
202,494
25,000
25,000
-
25,000
87,749
-
61,899
61,899
93,595
-
50,725
50,725
206,344
25,000
112,624
137,624|
|---|---|---|
|||Total
2023
£
47,474
137,624
17,396|
|||202,494|
|||89,870
112,624|
|||202,494|
|||25,000
61,899
50,725|
|||137,624|
## **4 Charitable activities**
- 14 -
**BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
_**FOR THE YEAR ENDED 31 MARCH 2024**_
## **5 Charitable activities**
|**Youth &**
**Community**
**Centre**
**Henry Smith**
**Trust Fund**
**and National**
**Lottery**
**Community**
**Fund**
**£**
**£**
Staff costs
86,209
108,665
Depreciation and impairment
21,392
-
Repairs and maintenance
24,078
-
Printing and stationery
3,457
-
Telephone, computer & software
11,636
-
Motor and travel
5,205
-
Light and heat
19,297
-
Water charges
2,675
-
Insurance
5,412
-
Cleaning and laundry
6,536
-
Sundry expenses
2,168
-
Sports and recreation
-
-
Project expenses
26,012
-
Volunteer expenses
5,936
-
Garden expenses
-
-
220,013
108,665
Share of support costs (see note 6)
265
-
Share of governance costs (see note 6)
3,728
-
224,006
108,665
**Analysis by fund**
Unrestricted funds
224,006
-
Restricted funds
-
108,665
224,006
108,665|**Total**
**2024**
**£**
194,874
21,392
24,078
3,457
11,636
5,205
19,297
2,675
5,412
6,536
2,168
-
26,012
5,936
-
328,678
265
3,728
332,671
224,006
108,665
332,671|**Total**
**2023**
**£**
172,049
3,035
25,413
2,849
5,771
3,970
19,201
4,001
2,345
5,802
4,001
4,499
21,580
3,554
1,600|
|---|---|---|
|||279,670
282
2,546|
|||282,498|
||||
- 15 -
**BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **5 Charitable activities**
## **(Continued)**
## **For the year ended 31 March 2023**
|**Youth &**
**Community**
**Centre**
**Henry Smith**
**Trust Fund**
**and National**
**Lottery**
**Community**
**Fund**
**£**
**£**
Staff costs
80,684
91,365
Depreciation and impairment
3,035
-
Repairs and maintenance
25,413
-
Printing and stationery
2,849
-
Telephone, computer & software
5,771
-
Motor and travel
3,970
-
Light and heat
19,201
-
Water charges
4,001
-
Insurance
2,345
-
Cleaning and laundry
5,802
-
Sundry expenses
4,001
-
Sports and recreation
4,499
-
Project expenses
21,580
-
Volunteer expenses
3,554
-
Garden expenses
1,600
-
188,305
91,365
Share of support costs (see note 6)
282
-
Share of governance costs (see note 6)
2,546
-
191,133
91,365
**Analysis by fund**
Unrestricted funds
191,133
-
Restricted funds
-
91,365
191,133
91,365|**Total**
**2023**
**£**
172,049
3,035
25,413
2,849
5,771
3,970
19,201
4,001
2,345
5,802
4,001
4,499
21,580
3,554
1,600|
|---|---|
||279,670
282
2,546|
||282,498|
||191,133
91,365|
||282,498|
- 16 -
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **6 Support costs**
|Bank charges
Independent examination
fees
Payroll
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
265
-
-
2,760
-
968
265
3,728
265
3,728|**2024**
**£**
265
2,760
968
3,993
3,993|Support
costs
Governance
costs
£
£
282
-
-
2,060
-
486
282
2,546
282
2,546|2023
£
282
2,060
486|
|---|---|---|---|---|
|||||2,828|
|||||2,828|
Governance costs includes fees paid to the Independent Examiner's of £2,760 (2023: £2,060).
## **7 Management Committee**
None of the Management Committee (or any persons connected with them) received any remuneration during the year or was reimbursed expenses during the year (2023: £Nil).
## **8 Employees**
The average monthly number of employees during the year was:
|Youth leaders and assistants
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
12
**2024**
**£**
182,609
8,793
3,472
194,874|**2023**
**Number**
11|
|---|---|---|
|||**2023**
**£**
162,414
6,849
2,786|
|||172,049|
There were no employees whose annual remuneration was £60,000 or more.
- 17 -
**BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**9**
**Tangible fixed assets**
**Land and**
**buildings**
**Plant and**
**machinery**
**Fixtures,**
**fittings &**
**equipment**
**Motor vehicles**
**£**
**£**
**£**
**£**
**Cost**
At 1 April 2023
95,137
-
40,223
12,140
Additions
-
13,585
-
37,194
At 31 March 2024
95,137
13,585
40,223
49,334
**Depreciation and impairment**
At 1 April 2023
48,255
-
40,223
12,140
Depreciation charged in the year
9,376
2,717
-
9,299
At 31 March 2024
57,631
2,717
40,223
21,439
**Carrying amount**
At 31 March 2024
37,506
10,868
-
27,895
At 31 March 2023
46,882
-
-
-
**10**
**Financial instruments**
**2024**
**£**
**Carrying amount of financial assets**
Debt instruments measured at cost
259,023
**Carrying amount of financial liabilities**
Measured at amortised cost
22,814
**11**
**Debtors**
**2024**
**Amounts falling due within one year:**
**£**
Prepayments and accrued income
12,400
**12**
**Creditors: amounts falling due within one year**
**2024**
**Notes**
**£**
Other taxation and social security
3,577
Deferred income
**13**
86,072
Other creditors
609
Accruals
22,205
112,463|**Total**
**£**
147,500
50,779|
|---|---|
||198,279|
||100,618
21,392|
||122,010|
||76,269|
||46,882|
||**2023**
**£**
240,361|
||30,658|
||**2023**
**£**
15,502|
||**2023**
**£**
3,677
44,776
511
30,147|
||79,111|
- 18 -
**BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **13 Deferred income**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Other deferred income|86,072|44,776|
|Deferred income is included in the financial statements as follows:|||
||**2024**|**2023**|
||**£**|**£**|
|Deferred income is included within:|||
|Current liabilities|86,072|44,776|
|Movements in the year:|||
|Deferred income at 1 April 2023|44,776|24,070|
|Released from previous periods|(44,776)|(24,070)|
|Resources deferred in the year|86,072|44,776|
|Deferred income at 31 March 2024|86,072|44,776|
- 19 -
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **14 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||||||**Movement**|**in funds**||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||**Balance at**||**Income**|**Expenditure**|**Balance at**|**Income**|**Expenditure**|**Transfers**|**Balance at**|
||||**1**|**April 2022**|||**1 April 2023**|||**31**|**March 2024**|
|||||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Henry Smith Trust|Fund|||27,815|50,726|(50,212)|28,329|87,749|(103,303)|(2,775)|10,000|
|National Lottery||||-|61,899|(41,154)|20,745|67,012|(5,362)|(72,395)|10,000|
|||||27,815|112,625|(91,366)|49,074|154,761|(108,665)|(75,170)|20,000|
|**Henry**|**Smith**|**Trust**|**Fund**||**and**|**National**||**Lottery**|**Community**||**Fund**|
The grants received from The Henry Smith Foundation and The National Lottery Community Fund are received to cover the salaries of 4 workers to encourage a youth service universal offer that supports young people's opportunities in developing their health and wellbeing.
## **Transfers to Unrestricted Funds**
The transfer of £75,170 from Restricted Funds to Unrestricted Funds relates to the total surplus accumulated over 3 years that the charity is able to retain to contribute towards its central overheads and the general costs of running the charity.
- 20 -
## **BRUNSWICK YOUTH AND COMMUNITY CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**15**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**£**
**£**
Fund balances at 31
March 2024 are
represented by:
Tangible assets
76,269
-
Current assets/(liabilities)
138,960
20,000
215,229
20,000|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
76,269
46,882
-
158,960
127,678
49,074
235,229
174,560
49,074|**Total**
**2023**
**£**
46,882
176,752|
|---|---|---|
|||223,634|
## **16 Related party transactions**
There are no related party transactions which required disclosure during the year (2023 - none).
## **17 Company Limited by Guarantee**
The charitable company is limited by guarantee and has no share capital. In the event of the charitable company being wound up, the liability of the members in respect of their guarantee is limited to £1.
- 21 -