OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Blaby & Whetstone Youth Club Ltd

UNAUDITED FINANCIAL STATEMENTS For the year to 31 March 2023

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

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2023 Contents

Page 1
Page
Page 2/3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9		 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)

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2023 Company Information

Directors & Officers Brian Cleaver (Chairman) Alison Jolley (Treasurer) David Palmer Trustee Christopher Creighton Trustee 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 2023 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 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ''Accounting and Reporting by Charities'' FRS 102 in preparing the annual report and financial statements of the charity.

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

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

Recruitment and appointment of new trustees

The trustees identify suitable candidates who are then invited to join trustee meetings as observers for a short period of time. The primary requirements for suitability are being a natural person over the age of 16 with an expectation of being a member of the organisation of Young Leicestershire and already and active participant. After this, any candidates who would wish to serve as trustees are considered by the current trustees and appointment following the necessary approvals. All new trustees are provided with a copy of the Constitution, and details of their responsibility as a Trustee, Rules of the Organisation, together with a copy of the latest accounts and any other past minutes or further information they may require.

Achievements Performance & Financial Review

During the year the charity reported an excess of income over expenditure of £35,990 compared to a surplus of £49,032 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

Further information on the clubs activities 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 2023 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

11 September 2023 Approved by the Director Trustees on ………………………………… And signed on its behalf by:

Brian Cleaver Director Chairman Alison Jolley Director Treasurer

Page 3

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2023 Independent Examiners Report

Independent Examiners Report to the Trustees

I report to the trustees on my eamination of the accounts of the company for the year ended 31 March 2023

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: 11 September 2023

Page 4

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2023 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
Subscriptions & Affiliations
Insurances
Office Costs
Bank Charges
Waste Disposal
Depreciation
Total
Other Costs
Accountancy Charges
Total
Total Expenditure
Net Income/(Expenditure) for the Year
Accumulated Reserves b/f
Total Reserves		 £
£
£
Unrestricted
Restricted
Total
Funds
Funds
2023
31,327
-
31,327
338
-
338
357,398
-
357,398
-
-
389,063
-
389,063
5,647
-
5,647
34,443
-
34,443
1,292
-
1,292
99,722
-
99,722
5,941
-
5,941
-
-
-
13,434
-
13,434
160,479
-
160,479
100,176
-
100,176
5,249
-
5,249
26,432
-
26,432
6,473
-
6,473
15,878
-
15,878
334
-
334
2,701
-
2,701
1,758
-
1,758
1,397
-
1,397
6,503
-
6,503
5,384
-
5,384
1,861
-
1,861
3,928
-
3,928
8,520
-
8,520
186,594
-
186,594
6,000
-
6,000
6,000
-
6,000
353,073
-
353,073
35,990
-
35,990
244,048
-
244,048
280,038
-
280,038		 £
Total
2022
28,677
188
339,919
-
368,784
5,222
30,505
1,250
105,437
7,150
358
1,395
151,317
89,115
2,986
15,145
5,854
22,115
2,200
1,032
1,591
3,020
5,394
5,545
2,240
2,869
3,329
162,435
6,000
6,000
319,752
49,032
195,016
244,048

Page 5

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2023 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
2023
122,192
-
122,192
11,112
11,112
5,952
5,952
246,771
-
246,771
263,835
-
263,835
(7,787)
-
(7,787)
256,048
-
256,048
(39,784)
-
(39,784)
338,456
-
338,456
58,418
-
58,418
280,038
-
280,038
338,456
-
338,456		 £
Total
2022
130,712
6,315
4,574
224,863
235,752
(6,050)
229,702
(50,000)
310,414
58,418
251,996
310,414

For the year ended 31 March 2023 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 trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

Brian Cleaver Alison Jolley

Chairman

Treasurer

Page 6

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2023 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements as permitted by FRS 102

1.1b Preparation of the accounts on a going concern basis

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 Resources Expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings, costs have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure and it is probable that a transfer of economic benefit will be required in settlement of the obligation, and can be reliably measured.

All income is recognised in the Statement of Financial Activities once the charity has entitlement to funds and it is probable that the income will be received and the amount can be measured reliably. Donations and Voluntary Income are accounted for when received.

1.4 Grants Receivable

Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds.

1.5 Grants Payable

Grants Payable are accounted for when they are paid.

1.6 Allocation of Costs & Restricted Fund Accounting

Costs have been allocated between charitable activity and governance costs Where items involve more than one fund they are apportioned between categories, and apportioned to fund based on the estimated expenditure of resource according to the nature of cost. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of restricted funds is set out in the notes to the financial statements.

1.7 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 5 years 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)
Other Grants & Donations
Total		 £
£
£
Unrestricted
Restricted
Total
2023
10,000
10,000
-
-
-
-
21,327
-
21,327
-
31,327
31,327		 £
Total
2022
10,000
10,101
1,376
7,200
-
28,677

Page 7

Blaby & Whetstone Youth Club Ltd Financial Statements for the year to 31 March 2023 Notes to the Financial Statements

3 Charitable Activities

Charitable Activities
Membership & Subscriptions
Bar Revenue
Football Income
Football Accademy
Canteen/Café
Social Inclusion
Hire of Minibus
Room & Facilities Hire
Ball Court Income
Activity Income
Fund Raising
Total		 2023
5,107
252,337
23,640
12,101
3,020
15,659
-
31,074
14,460
-
357,398		 2022
2,083
239,087
25,284
11,695
-
14,793
340
25,647
19,813
1,177
-
339,919

4 Fixed Assets

Cost b/f
Additions
Cost c/f
Depreciation b/f
Depreciation
Depreciation c/f
Net Book value c/f		 £
£
£
£
Land & Buildings
Equipment
Vehicles
Total
Unrestricted
Restricted
Unrestricted
Restricted
Unrestricted
Restricted
Unrestricted
Restricted
100,000
-
41,109
-
1,185
-
142,294
-
-
-
-
-
-
-
-
-
-
-
-
-
100,000
-
41,109
-
1,185
-
142,294
-
(10,397)
(1,185)
(11,582)
-
-
-
-
-
(8,520)
-
-
-
(8,520)
-
-
-
(18,917)
-
(1,185)
-
(20,102)
-
100,000
-
22,192
-
-
-
122,192
-

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

Number of employees:
The average number of paid part-time
employees during the year were:
Employment costs:
Wages and salaries
No employee received remuneration amounting to more than £60,000 in either year.
The Facilities Manager Remuneration not including Pension Cost was £30,355 (2022 £25,500)
No of Volunteers assisting the organisation was:		 2023
14
100,176
100,176
50		 2022
14
89,115
89,115
50

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 2023 Notes to the Financial Statements

8
Creditors : amounts falling due within one year
Trade Creditors
PAYE & NI
Deferred Income (BWFC Tournaments)
VAT
Accruals
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		 2023
2022
-
-
-
-
-
-
985
1,979
6,802
4,071
7,787
6,050
39,784
50,000
39,784
50,000
Unrestricted
Restricted
Total
122,192
-
122,192
263,835
-
263,835
(7,787)
-
(7,787)
(39,784)
-
(39,784)
(58,418)
(58,418)		 2023
2022
-
-
-
-
-
-
985
1,979
6,802
4,071
7,787
6,050
39,784
50,000
39,784
50,000
280,038
-
280,038

11 Transactions with Director Trustees

Mr David Palmer trustee provided services to the charity his remuneration in this post was £9,773 (£9,725) including employment taxes.

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

Page 9