## **Hinckley Club for Young People Ltd**
## **UNAUDITED FINANCIAL STATEMENTS For the year to 31 March 2021**
**Charity Reg No 1137126 (A Company limited by Guarantee 07276097)**
## **Hinckley Club for Young People Ltd Financial Statements for the year to 31 March 2021 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**|
|---|---|
## **Hinckley Club for Young People Ltd Financial Statements for the year to 31 March 2021 Company Information**
Directors & Officers Reg Green Chairman Mark Harvey Treasurer Joel Green Address Green Towers Richmond Road Hinckley Leicestershire LE10 0DZ 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
## **Hinckley Club for Young People 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**
Hinckley Club for Young People Ltd (incorporated 07 June 2010) 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
Reg Green (Chairman) Mark Harvey (Treasurer) Joel Green
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.
## **Review of the Business**
The charity reported an excess of expenditure over income of £22,038 ( £32,862) for the year, .
Hinckley Clubs for Young People Ltd opened on 09 October 2010. Further information regarding the clubs activities is contained in the 'Trustees Annual Report'. The Charity aims to operate on a sustainable basis supported by the revenues from commercial lettings and social activities to support the day to day running costs of the building. However Fund Raising, Grants and Donations will continue to be a necessary stream of Income to support the ongoing development and maintenance of facilities
The Trustees are satisfied that the club has adequate resources to continue operating as a 'Going Concern for the forseeable future.
## **Reserves Policy**
The Reserve Policy agreed by the Committee is to maintain Unrestricted Funds in the form of bank deposits.The committee has reviewed its Reserves Policy and has agreed to Designate Funds of £5,000 per annum over the next 10 years as a contingency and in recognition of the future Building Refurbishment that will be necessary to maintain the condition of the building and its supporting services to the high standard that it currently enjoys.
Page 2
## **Hinckley Club for Young People Ltd Financial Statements for the year to 31 March 2021 Directors Trustees' Report (2)**
## **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 and Charities Act 2011 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
- select suitable accounting policies and apply them consistently
- make reasonable and prudent judgements and estimates
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
- observe the methods and principles in the Charities SORP
The Trustees are also responsible for:
- keeping proper accounting records
- safeguarding the companys' assets
- 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
Approved by the Trustees on , and signed on its behalf by:
Reg Green Director Chairman Mark Harvey Director Treasurer
Page 3
## **Hinckley Club for Young People 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:
- 1 which gives me reasonable cause to believe that in any material respect the requirements
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
- 2 the accounts do not accord with those records; or
- 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
- 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:_
Page 4
## **Hinckley Club for Young People Ltd Financial Statements for the year to 31 March 2021 Statement of Financial Activities**
|**Note**
**Incoming Resources**
Grants & Donations
**2**
Charitable Activities
**3**
Gift Aid
Other incoming resources
Investment Income
**Total Income**
**Resources expended**
**Raising Funds**
Activities
Snack Bar Purchases
Salaries & Pensions
**5**
**Charitable Activities**
Salaries & Pensions
**5**
Post, Office & Telephone
Advertising
Rent & Rates
Light & Heat
Cleaning & Maintenance
Repairs & Renewals
Waste Disposal
Travel & Subsistence
IT Costs
Licences
Volunteer Exps
Insurance
Affiliations
Training
Legal & Professional Fees
Sundry Expenses
Bank Charges
Depreciation
**Other Costs**
Accountancy Charges
**Total Expenditure**
**Net Income/(Expenditure) for the Year**
**Net movements for the year**
Accumulated Reserves b/f
Prior Year Adjustment
**Total Reserves**|**£**
**£**
**£**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2021**|**_£_**
**_Total_**
**_2020_**|
|---|---|---|
||122,777
-
**122,777**
42,625
-
**42,625**
1,132
**1,132**
-
-
**-**
31
-
**31**|_60,363_
_191,507_
_-_
_165_|
||**166,565**
**-**
**166,565**|_252,035_|
||25
-
**25**
3,559
-
**3,559**
3,637
**3,637**|5,069
_25,581_
_19,813_|
||**7,221**
**-**
**7,221**|**_50,463_**|
||86,572
-
**86,572**
419
-
**419**
-
-
**-**
-
-
**-**
16,420
-
**16,420**
2,291
-
**2,291**
11,300
**11,300**
814
**814**
-
-
**-**
2,057
-
**2,057**
147
**147**
25
**25**
8,558
-
**8,558**
-
-
**-**
60
-
**60**
1,530
-
**1,530**
748
-
**748**
977
-
**977**
14,772
28,740
**43,512**|_86,264_
_984_
_168_
_12,256_
_30,562_
_1,121_
_22,120_
_1,954_
_84_
_2,381_
_2,276_
_1,862_
_8,109_
_150_
_300_
_1,636_
_22_
_2,208_
_44,668_|
||**146,690**
**28,740**
**175,430**
4,240
**-**
**4,240**|**219,125**
_4,485_|
||**158,151**
**28,740**
**186,891**|**274,073**|
||**8,414**
**(28,740)**
**(20,326)**|**_(22,038)_**|
||**8,414**
**(28,740)**
**(20,326)**
290,081
30,318
**320,399**
(150)
(150)|**_(22,038)_**
_342,437_
_-_|
||**298,345**
**1,578**
**299,923**|**_320,399_**|
Page 5
## **Hinckley Club for Young People Ltd Financial Statements for the year to 31 March 2021 Balance Sheet**
|**Note**
**Assets**
**Fixed Assets**
**4**
**Current Assets**
Stock
**6**
Debtors & Prepayments
Cash at Bank and in hand
**Less Current Liabilities**
Creditors less than one year
**7**
**Net Current Assets**
**Total Assets less Current Liabilities**
**Reserves**
Designated Funds
Unrestricted funds
Restricted funds
**8**
**Total Reserves**|**£**
**£**
**£**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2021**
152,413
1,578
**153,991**
1,196
-
**1,196**
2,393
-
**2,393**
150,042
-
**150,042**
153,631
-
**153,631**
(7,700)
-
**(7,700)**
145,931
-
**145,931**
298,344
1,578
**299,922**
40,000
-
**40,000**
258,344
-
**258,344**
-
1,578
**1,578**
298,344
1,578
**299,922**|**_£_**
**_Total_**
**_2020_**|
|---|---|---|
|||_197,503_|
|||_1,671_
_12,517_
_119,485_|
|||_133,673_
_(10,777)_|
|||_122,896_|
||||
|||_320,399_|
|||_35,000_
_255,081_
_30,318_|
|||_320,399_|
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.
Approved by the Trustees on , and signed on its behalf by:
Reg Green Chairman Mark Harvey Treasurer
Page 6
## **Hinckley Club for Young People 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 Deficit of £20,326 for the year ended 31 March 2021. 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.
## **1.3 Donations and Voluntary Income**
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**
Costs are shown and allocated between Cost of Generating Funds, Charitable Activities and Governance costs, in accordance with the Chariry SORP. Where items involve more than one category they are apportioned between categories according to the nature of cost
## **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 held under an operating lease date April 2009 (35 years) no rent is payable and there is an option to extend the lease thereafter
FFE Depreciation 10 years straight line basis
Depreciation commences in the year after purchase or commissioning
## **1.8 Comparative Figures**
Comparative Costs are re-stated as applicable to aligne with the year reported.
## **2 Grants and Donations**
During the year the charity received the following voluntary income
|£
£
£
Unrestricted
Restricted
**Total**
**2021**
HBBC
28,714
-
**28,714**
CJRS Furlough Grant
54,782
-
**54,782**
HBBC
22-May
8,000
-
**8,000**
LCC
15-Apr
12,412
-
**12,412**
Next Generation
4,000
-
**4,000**
HBBC?
10-Mar
3,000
-
**3,000**
**-**
Other Grants & Donations
11,869
-
**11,869**
**Total**
**122,777**
**-**
**122,777**
~~Page 7~~|£
_Total_
_2020_|
|---|---|
||_35,000_
_-_
_25,363_|
||_60,363_|
|||
## **Hinckley Club for Young People Ltd Financial Statements for the year to 31 March 2021 Notes to the Financial Statements**
|**3**
**Activities for Generating Funds**
Membership & Subscriptions
Snack Bar
Bar Rent
Catering Income & Rent
Room Hire
Other
Total|**2021**
**75**
**2,007**
**905**
**130**
**39,186**
**322**
**42,625**|_2020_
_31,164_
_32,635_
_2,411_
_3,141_
_119,698_
_2,458_|
|---|---|---|
|||_191,507_|
## **4 Fixed Assets**
|**Fixed Assets**||
|---|---|
|Net Book value b/f
Additions
Disposals
Depreciation
**Net Book value c/f**|£
£
£
Equipment
Vehicles
Total
Unrestricted Restricted
Unrestricted Restricted
Unrestricted **Restricted**
167,185
30,318
-
-
**167,185**
**30,318**
**-**
**-**
-
-
-
**-**
**-**
-
-
-
-
**-**
**-**
**-**
**-**
(14,772)
(28,740)
-
-
**(14,772)**
**(28,740)**
**-**|
||**152,413**
**1,578**
**-**
**-**
**152,413**
**1,578**|
|**5**
**Staff costs**
**Number of employees:**
The average number of paid
employees during the year were:
**Employment costs:**
Wages and salaries
Employers national insurance
Pension contributions|**2021**
**13**
85,498
4,221
490
**90,209**|_2020_
_13_
_101,535_
_4,412_
_130_|
|---|---|---|
|||_106,077_|
No employee received remuneration amounting to more than £60,000 in either year. Staff directly associated with Club Activities are shown under Cost of Generating Voluntary Income
## **6 Stocks**
Stocks are valued at the lower of cost or market value
Page 8
## **Hinckley Club for Young People Ltd Financial Statements for the year to 31 March 2021 Notes to the Financial Statements**
|**2021**
**7**
**Creditors : amounts falling due within one year**
Accruals
**7,700**
**7,700**
**8**
**Analysis of Net Funds**
Designated
Unrestricted
Restricted
Fixed Assets
-
152,413
1,578
Current Assets
40,000
113,631
-
Current Liabilities
-
(7,700)
-
**Fund balance**
40,000
258,344
1,578|**2021**
**7**
**Creditors : amounts falling due within one year**
Accruals
**7,700**
**7,700**
**8**
**Analysis of Net Funds**
Designated
Unrestricted
Restricted
Fixed Assets
-
152,413
1,578
Current Assets
40,000
113,631
-
Current Liabilities
-
(7,700)
-
**Fund balance**
40,000
258,344
1,578|_2020_
_10,777_|
|---|---|---|
|||_10,777_|
|||**Total**
**153,991**
**153,631**
**(7,700)**|
||40,000
258,344
1,578|**299,922**|
The Directors have agreed to Designate Funds £5,000 pa towards the anticipated major future refurbishment of the building, the Designated Fund balance at 31 March 2021 is £40,000
## **9 Transactions with Director Trustees & Related Parties**
The Chairman Mr R Green rents the Bar Facility from the club.
The rent payable under a tenancy agreement is reviewed each year and as applicable voted in accordance with the company's memorandum and articles. For 2020/21 Mr R Green continued to pay 60% of all Bar Surpluses to the club in respect of Rent.
Mrs Janet Harvey, wife of Mr M Harvey Treasurer provides administration services to the value of £ 720 (2020 £720) during the year
No other Trustees received remuneration or reimbursed expenses during the year.
Page 9