Blaby & Whetstone Youth Club Ltd
UNAUDITED FINANCIAL STATEMENTS For the year to 31 March 2021
Charity Reg No 1131191 (A Company limited by Guarantee 06845039)
Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Contents
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Company Information Contents Directors Trustees' Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements - Accounting Policies Notes to the Financial Statements (Continued) Notes to the Financial Statements (Continued) |
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Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Company Information
Directors & Officers Brian Cleaver (Chairman) Alison Jolley (Treasurer) David Palmer Address Warwick Road Whetstone Leicestershire LE8 6LW Registered Office 87 Main Street Newtown Linford Leicestershire LE6 0AF Independent Examiner A Pearson FCMA Exec Practice 87 Main Street Newtown Linford Leicestershire LE6 0AF
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Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Directors Trustees' Report (1)
The Directors, who are also trustees have pleasure in presenting their report and financial statements for the year ended 31 March 2021.
Constitution
Blaby & Whetstone Youth Club Ltd (incorporated 12 March 2009) is a charity and a company limited by guarantee, and does not have a share capital. It is governed by its Memorandum and Articles of Association
Objectives & Policies of the Charity
To advance the conditions of life and relieve the needs of young people through:
(a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
(b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
c) To help develop the mental and spiritual capacities of young people;
To help young people, especially but not exclusively through leisure time activities, so as to develop their capabilities that they may grow to full maturity as individuals and members of society.
To act as a resource for young people by providing advice and assistance and organising programmes of physical, educational and other activities as a means of:
(a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
(b) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
Directors & Trustees
Directors who have held office are also Trustees of the charity as follows
Brian Cleaver (Chairman) Alison Jolley David Palmer
Subject to appointments at the Annual General Meeting the directors shall appoint members and committees to control of the affairs of the Club and may delegate any part of its duties to such committees. Without prejudice to the generality of the foregoing, the Directors powers shall include the appointment, control and dismissal of all members and staff
Achievements Performance & Financial Review
During the year the charity reported an excess of income over expenditure of £64,166 compared to a deficit of £18 in the previous year.
The Charity opened its new football and youth club facilities on 10 September 2014 following a major project to refurbish and upgrade facilities. The trustees have utilised these facilities to the full engaging new academy football teams and fulfilling FA development goals.
The main activities of the charity were
The organisation of Young persons activities The promotion of Football for all young people Open access youth club activities The partnership of academy football facilities Letting of accommodation for youth activities Letting of Ballcourt facilities for training & recreation
Effects of COVID-19
The organisation was closed for the majority of the financial year. During the summer limited COVID compliant activities were also undertaken, thanks to local government support grants. The organisation received Gov.com Corona Virus Job Support funding of £32,017, through the Furlough Scheme, this enabled the organisation to maintain staffing levels without the need for any redundancy. This funding has not been reported as a Restricted Fund as it supported normal staffing costs.The majority of Outreach workers in the community were able to continue in their roles as essential workers throughout COVID.
Further information on the clubs activities in the year ended 31 March 2021 is contained in the separate 'Trustees' Annual Report posted on the charities website.
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Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Directors Trustees' Report (2)
Reserves Policy
The Reserve Policy agreed by the Committee is to maintain Unrestricted Funds in the form of bank deposits.
Public Interest
The Directors and Committees' aims to ensure management systems are in place to ensure that correct procedures are maintained for the safe operation of activities throughout the club. Activities are planned which provide broad interest for all club members in the locality of the club
The Committees' 'Quality Assurance' sub committee is committed to raise standards and safeguard young people. As part of this review, management systems are in place to ensure that correct procedures are maintained for the safe operation of activities throughout the Association
Statement of Trustees Responsibilities
The Trustees are required as a charity and under the Companies Act 2006 to prepare financial statements for each financial year which give a true and fair view of the affairs of the company and disclose the net income or expenditure of the charity for that period and
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select suitable accounting policies and apply them consistently
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make reasonable and prudent judgements and estimates
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state whether applicable accounting standards have been followed, subject to any material 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 company will continue in business
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observe the methods and principles in the Charities SORP
The Trustees are also responsible for:
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keeping proper accounting records
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safeguarding the companys' assets
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taking reasonable steps for the prevention of fraud
Small Company Exemptions
In preparing the report the directors have taken advantage of the small companys exemptions in Part 15 of the Companies Act 2006
11 Nov 2021 Approved by the Director Trustees on ………………………………… And signed on its behalf by:
Brian Cleaver Director Chairman Alison Jolley Director Treasurer
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Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Independent Examiners Report
Independent Examiners Report to the Trustees
I report on the accounts of the company for the year ended 31 March 2021 which which are set out on pages 5 to 9
Responsibilities and basis of Reports
As trustees' (and directors of the company for company law) you are reponsible for the preparation of the accounts in accordance with the Companies Act 2006 ("the 2006 Act"). I am qualified to undertake the independent examination, by being a qualified member of CIMA.
Having satisfied myself that the accounts of the company 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 your company's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiners Statement
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:
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1 which gives me reasonable cause to believe that in any material respect the requirements
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1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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2 the accounts do not accord with those records; or
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3 the accounts 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
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3 the accounts 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 attenttion should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
signed
Mr A Pearson FCMA
Exec Practice Ltd 87 Main Street Newtown Linford Leicestershire LE6 0AF
Date:
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Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Statement of Financial Activities
| Note Incoming Resources Grants & Donations 2 Investment income Charitable Activities 3 Gift Aid Total Income Resources expended Raising Funds Activities Football Costs Ball Court Costs Ground Maintenance Canteen Purchases Bar Costs Bar Promotion Training Costs Equipment Total Charitable Activities Development Project Salaries & Pensions 6 Post, Office & Telephone Rent & Rates Light & Heat Cleaning & Maintenance Repairs & Renewals Property Repairs Minbus Costs Affiliation IT Costs Licences Professional Fees Insurance General Exps Profit on Sale Bank Charges Waste Disposal Depreciation Total Other Costs Accountancy Charges Total Total Expenditure Net Income/(Expenditure) for the Year Net movements for the year Accumulated Reserves b/f Prior Year Adjustment Transfer of Funds Total Reserves |
£ £ £ Unrestricted Restricted Total Funds Funds 2021 112,335 - 112,335 126 126 118,351 118,351 29,291 29,291 260,103 - 260,103 10,961 10,961 20,490 20,490 1,428 1,428 389 389 2,164 2,164 25,850 25,850 932 932 915 915 4,423 4,423 |
£ Total 2020 |
|---|---|---|
| 19,256 348 280,149 - |
||
| 299,753 | ||
| 13,578 27,325 - - 13,075 88,945 6,050 - 290 |
||
| 67,552 - 67,552 |
149,263 | |
| - - - 68,618 68,618 3,029 3,029 2,093 2,093 12,647 12,647 1,474 1,474 16,576 - 16,576 - - 920 920 1,050 1,050 1,334 1,334 518 518 - - 5,111 5,111 507 507 - - 921 921 2,789 2,789 4,548 - 4,548 |
- 75,910 5,204 7,143 11,828 2,575 13,855 1,801 3,303 150 386 1,551 - 9,591 3,720 (1,000) 5,031 3,460 |
|
| 122,135 - 122,135 - |
144,508 | |
| 6,250 6,250 |
6,000 | |
| 6,250 - 6,250 - |
6,000 | |
| 195,937 - 195,937 - |
299,771 | |
| 64,166 - 64,166 - - - |
(18) - |
|
| 64,166 - 64,166 130,850 - 130,850 - - - - - - |
(18) 131,125 (257) - |
|
| 195,016 - 195,016 - |
130,850 |
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Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Balance Sheet
| Note Assets Fixed Assets 4 Current Assets Stock 7 Debtors & Prepayments Cash at Bank and in hand Less Current Liabilities Creditors less than one year 8 Net Current Assets/(Liabilities) Creditors more than one year 9 Net Assets Reserves Revaluation Unrestricted funds Total Reserves |
£ £ £ Unrestricted Restricted Total Funds Funds 2021 133,288 - 133,288 4,022 4,022 4,273 4,273 124,072 - 124,072 132,367 - 132,367 (12,221) - (12,221) 120,146 - 120,146 - - - 253,434 - 253,434 58,418 - 58,418 195,016 - 195,016 253,434 - 253,434 |
£ Total 2020 |
|---|---|---|
| 112,195 | ||
| 8,228 3,614 83,911 |
||
| 95,753 (18,423) |
||
| 77,330 | ||
| - | ||
| 189,525 | ||
| 58,418 131,107 |
||
| 189,525 |
For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilitiy for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
11 Nov 2021 Approved by the Trustees on ………………………………… And signed on its behalf by:
| Brian Cleaver | Chairman |
|---|---|
| Alison Jolley | Treasurer |
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Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Notes to the Financial Statements
1 Accounting Policies
1.1a Basis of preparation
The charity is a 'public benefit entity'. The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
1.1b Preparation of the accounts on a going concern basis
The Charity reported a Surplus of £64,166 for the year ended 31 March 2021 (2020 £18 Deficit). The trustees are of the view, that given the Charity's reserve position, and outlook of support for the next 12 months, that the charity is a going concern.
1.2 Donations and Voluntary Income
Donations and Voluntary Income are accounted for when received.
1.3 Grants Receivable
Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds.
1.4 Grants Payable
Grants Payable are accounted for when they are paid.
1.5 Allocation of Costs
Costs have been allocated between charitable activity and governance costs Where items involve more than one category they are apportioned between categories according to the nature of cost
1.6 Fixed Assets and Depreciation
Fixed Assets for charity use are capitalised at cost, or valuation if donated. Depreciation is calculated to write off the assets. Less their estimated residual value, over their useful lives on the following basis:
Land and Buildings are Freehold and were last valued at 30 October 1976
FFE & Motor Vehicles Depreciation 10 % reducing balance
2 Grants and Donations
During the year the charity received the following voluntary income
| Technofold Football Grants CJRS Job Retention (Furlough) Local Lockdown Grants Bereavement Donation Other Grants Other Donations Total |
£ £ £ Unrestricted Restricted Total 2021 10,000 10,000 19,431 19,431 32,017 32,017 41,610 41,610 - - 5,388 - 5,388 3,889 3,889 112,335 112,335 |
£ Total 2020 |
|---|---|---|
| 10,000 - - 5,367 3,889 |
||
| 19,256 |
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Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Notes to the Financial Statements
3 Charitable Activities
| Charitable Activities Membership & Subscriptions Bar Revenue Football Income Football Accademy Canteen & Vending Social Inclusion Hire of Minibus Room & Facilities Hire Ball Court Income Activity Income Fund Raising Total |
2021 1,608 52,620 34,096 7,163 173 3,000 - 14,245 5,191 255 118,351 |
2020 3,797 161,718 31,081 10,040 14,749 4,200 3,121 39,214 11,514 715 - |
| 280,149 |
4 Fixed Assets
| Fixed Assets | |
|---|---|
| Net Book value b/f Additions Disposal Depreciation Net Book value c/f |
£ £ £ £ Land & Buildings Equipment Vehicles Total Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted 100,000 - 10,095 - 2,100 - 112,195 - - - - - 25,641 - - - 25,641 - - - - - - - - - - - - - (2,448) - (2,100) - (4,548) - - |
| 100,000 - 33,288 - - - 133,288 - |
5 Asset Valuation & Property Transfer
Assets from the old Blaby and Whetstone Boys Club (521393) were donated under a Transfer Agreement at NBV. The Directors undertook a physical review of assets and agreed the Asset valuation. Property & title owned by Blaby & Whetstone Boys Club was transfered to Blaby & Whetstone Boys Club Ltd (1131191) at valuation under a Charity Commission approved scheme.
Blaby & Whetstone Boys ClubThe Trustees believe that the market value of the Land and Building exceeds its current existing use valuation
6 Staff costs
| Staff costs | ||
|---|---|---|
| Number of employees: The average number of paid part-time employees during the year were: Employment costs: Wages and salaries |
2021 14 68,618 68,618 |
2020 10 75,910 |
| 75,910 |
No employee received remuneration amounting to more than £60,000 in either year.
7 Stocks
Stocks are valued at the lower of cost or market value
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Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2021 Notes to the Financial Statements
| 8 Creditors : amounts falling due within one year Trade Creditors PAYE & NI Deferred Income (BWFC Tournaments) VAT Accruals |
2021 2020 - 3,712 800 797 7,961 8,218 1,899 3,460 3,797 |
|---|---|
| 12,221 18,423 |
9 Creditors : amounts falling due greater than one year
| Loans 10 Analysis of Net Funds Fixed Assets Current Assets Current Liabilities Long Term Liabilities Revaluation Fund balance |
- - - - Unrestricted Restricted Total 133,288 - 133,288 132,367 - 132,367 (12,221) - (12,221) - - - (58,418) (58,418) |
- - |
|---|---|---|
| - - |
||
| 195,016 - 195,016 |
11 Facilities Improvement Fund
The charity has agreed a policy to create a restricted fund for the continued improvement of Whetsone site facilities. The fund will be governed by a committee represented by all interested parties to review, approve project and manage proposals.
The Youth Club and Football Club will cease providing funding to the Property Maintenance Fund
12 Transactions with Director Trustees
Mr David Palmer served as Club Leader and receives remuneration in this post of £10,641 (£14,241) including Employment taxes.
No other Trustees received any payment or benefit in kind from the company during the year
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