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2022-03-31-accounts

Blaby & Whetstone Youth Club Ltd

UNAUDITED FINANCIAL STATEMENTS For the year to 31 March 2022

Charity Reg No 1131191 (A Company limited by Guarantee 06845039)

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 Contents

Page 9
Page 7
Page 8
Page 6
Page 4
Page 5
Page 2/3
Page 1
Page		 Notes to the Financial Statements (Continued)
Notes to the Financial Statements - Accounting Policies
Notes to the Financial Statements (Continued)
Balance Sheet
Independent Examiners Report
Statement of Financial Activities
Directors Trustees' Report
Company Information
Contents

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 Company Information

Directors & Officers Brian Cleaver (Chairman) Alison Jolley (Treasurer) David Palmer Christopher Creighton (Appointed 17 Feb 2022) 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

Page 1

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 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 2022.

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 Christopher Creighton (Appointed 17 Feb 2022)

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 £49,032 compared to a surplus of £64,166 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 part of the financial year. The organisation received Gov.com Corona Virus Job Support funding of £1,376 (2021 £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 2022 is contained in the separate 'Trustees' Annual Report posted on the Charity website.

Page 2

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 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

The Trustees are also responsible for:

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

Approved by the Director Trustees on ………………………………… And signed on its behalf by:13 June 2022

Brian Cleaver Director Chairman Alison Jolley Director Treasurer

Page 3

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 Independent Examiners Report

Independent Examiners Report to the Trustees

I report on the accounts of the company for the year ended 31 March 2022 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:

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: 13 June 2022

Page 4

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 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
Bar Costs
Bar Promotion
Training Costs
Equipment
Total
Charitable Activities
Salaries & Pensions
6
Rent & Rates
Light & Heat
Cleaning & Maintenance
Repairs & Renewals
Minbus Costs
IT Costs
Licences
Mr David Palmer served as a Club
employment taxes.
Office Costs
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
2022
28,677
-
28,677
188
188
339,919
339,919
-
-
368,784
-
368,784
5,222
5,222
30,505
30,505
1,250
1,250
105,437
105,437
7,150
7,150
358
358
1,395
1,395		 £
Total
2021
112,335
126
118,351
29,291
260,103
10,961
20,879
1,428
28,014
932
915
4,423
151,317
-
151,317		 67,552
89,115
89,115
68,618
2,986
2,986
2,093
15,145
15,145
12,647
5,854
5,854
1,474
22,115
-
22,115
16,576
2,200
2,200
920
1,032
1,032
1,334
1,591
1,591
518

3,020
3,020
-
5,394
5,394
5,111
5,545
5,545
4,586
2,240
2,240
921
2,869
2,869
2,789
3,329
-
3,329
4,548
162,435
-
162,435
-
122,135
6,000
6,000
6,250
6,000
-
6,000
-
6,250
319,752
-
319,752
-
195,937
49,032
-
49,032
64,166
-
-
-
-
49,032
-
49,032
64,166
195,016
-
195,016
130,850
-
-
-
-
-
-
-
-
244,048
-
244,048
-
195,016

Page 5

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 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
2022
130,712
-
130,712
6,315
6,315
4,574
4,574
224,863
-
224,863
235,752
-
235,752
(6,050)
-
(6,050)
229,702
-
229,702
(50,000)
-
(50,000)
310,414
-
310,414
58,418
-
58,418
251,996
-
251,996
310,414
-
310,414		 £
Total
2021
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 2022 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.

Mr David Palmer served as a Club Leader and receives £9,725 (£10,641) including employment taxes.

Brian Cleaver Chairman
Alison Jolley Treasurer

Page 6

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 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 2022 (2021 £64,166 Surplus.

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 Depreciation 10 % reducing balance Motor Vehicles Depreciation 3 years

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 & Donations
Total		 £
£
£
Unrestricted
Restricted
Total
2022
10,000
10,000
10,101
10,101
1,376
1,376
-
-
-
-
7,200
-
7,200
-
28,677
28,677		 £
Total
2021
10,000
19,431
32,017
41,610
-
5,388
3,889
112,335

Page 7

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 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		 2022
2,083
239,087
25,284
11,695
-
14,793
340
25,647
19,813
1,177
339,919		 2021
1,608
52,793
34,096
7,163
3,000
-
14,245
5,191
255
-
118,351

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
-
33,288
-
-
-
133,288
-
-
-
-
-
753
-
-
-
753
-
-
-
-
-
-
-
-
-
-
-
-
-
(3,329)
-
-
-
(3,329)
-
-
100,000
-
30,712
-
-
-
130,712
-

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		 2022
14
89,115
89,115		 2021
10
68,618
68,618

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

Page 8

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2022 Notes to the Financial Statements

8
Creditors : amounts falling due within one year
Trade Creditors
PAYE & NI
Deferred Income (BWFC Tournaments)
VAT
Accruals		 2022
2021
-
3,712
-
797
-
8,218
1,979
1,899
4,071
3,797
6,050
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		 50,000
-
50,000
-
Unrestricted
Restricted
Total
130,712
-
130,712
235,752
-
235,752
(6,050)
-
(6,050)
(50,000)
-
(50,000)
(58,418)
(58,418)		 50,000
-
50,000
-
251,996
-
251,996

11 Transactions with Director Trustees

Mr David Palmer served as a Club Leader and receives remuneration in this post of £9,725 (£10,641) including employment taxes.

No other Trustees received any payment or benefit in kind from the company during the year

Page 9