REGISTERED COMPANY NUMBER: 07002700 IEnglAnd *nd W'alei) REGISTERED CHARITY NUMBER: 1140232 REPORT OF THE TRUSTEES AND FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR THE KNIGIITS YOUTH CENTRE Ha15ey & Co IAccountant$l Ltd. Chartered Certified Accountants Re8isiered Auditors 2 Villicrs Court 40 Upper MulgrdV¢ Road Chekm Surrey SM27
THE KNIGHTS YOUTH CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 P8e Repor¢ of tb¢ Truitees Indep¢Ddent ExmlTher's Report Si4t¢In¢t tsf Flnancl•l Actlvltles BAIDCt Sbeet Notes tt) the FlThancll Statements 10 10 16
THE KNIGHTS YOUTH CENTRE (REGISTERED NUMBER: 070027116) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 21124 Th¢ tTU5tees who are also directors of Ihe charity for the purwtses of the Companies Act 21)06. preseni their report with the financial ststemenis of ihe charity for the year ended 315t March 2024. Thc tru5tee5 have adoptcd the provisions of Accouniing and Reportin8 by Charities.. Siatemeni of Recornmended Praciice applicable to chariiies prcparing thetr accounts in accordance with the Financial R¢porting Standard applicable in the UK and R¢public of Ireland {FRS 1021 leff¢¢tivc l January 20191. OVERVIEW The Knight$ Youth Cenire IKYCI is a Voluntary and Christiart service provider. KYC has worked in the L4mbeth ar¢¥ since 1936. KYC provides a quality youih %rvice for 100- 125 young people lagcd 8 -211 each week. OBJECTIVES AND AcfiviTIES Objectlves and Ilms Objectives and aims of the Charity arc to.. Help children and young pwple, especially but not exelusively through physical, social ¢dutIo[l. recreational. training. and culttual activities so as lo dev¢lop thetr physical, mcntal. cultural. educational. moral. emotional. artd spiri41 capacities thai they might 0W io full maturity as indep¢nd¢nl rnature and responsible individuals and rnembers of society. SlgnincaTrt 4¢rfvlt The charity fulfils its obj¢ctives through a variety of activities: It provides a wcekly terni-based youth groups ai the C¢ntrc for Juniors. Intcrmediates. Seniors. young women and llM)si r¢¢enily a Saturday afternoon Iniegration project for our Senior5 and Lambeih bas¢d unaccompanied miTKtrrs - offering both re¢allOnaj activitics and persotml developm¢nt in a welcoming and supportive environment. These TIvItieS are supplemcnted with exiernal aciivities. including during thc holiday periods. which offer experien¢¢s in a wider range of environments and off¢r petspeciives on lif¢ outside the local ar¢a and associaied constraints. Additional work is also carried out oulsidc group actLVlties and th¢ Centre. including engagement wth young people al two local primary schools. on Ihe streets and in ihc wTrder communiry. Thi5 includes interyentions io prevent ¢aaling confronli0n as w¢ll as identifying ¢)pportuAities io provide one-to-one couns¢llin8 and support in d¢aling wilh negative behaviour5. It collaborates wth othei charities in the area io provid¢ youth 5eTvices and support using grants which are available through the shared use of resourees and staff that would noi be practicable for one partn¢r alone. Publlc benfflt In shaping our objeetives for the y¢ar and planning our a¢tiviiie& the trustees have considered th¢ Charity Commission's guidance on public bencfit. including th¢ guidance'public benefit-. running a charity IPB21'. Page I
THE KNIGHTS YOUTH CENTRE (REGISTERED NUMBER: 070027061 REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31ST MARCH 2[124 ACHIEVEMENT AND PERFORMANCE Ch#rltble i¢di'iil¢$ Dunng the pasi 12 months our Club5 and external aciiviiies have Coniinued thrive. In the current period. notable activiti¢s hav¢ included.. In 202J124 we work¢d with 349 young people. of whi¢h ov¢r 200 were new members. A significant proportion of these young people remained en8ag¢d throughout the year. We delivercd 482 sessions, which included 98 Workshops, Ispe¢ifi¢ally schools and .1 am'l 56 siudio sionS, 28 Klinic sessions and approximately 20 offsiie trips including resideniials. - Once 88ain, we delivered a highly su¢¢¢&sful summtt programme. In ioial 76 young p¢ople attcnded the SUMM programnx,. of which. 8 were'new to club. This was fewer kneMI attendees than previous years. which all active choice by the siaff l¢am io prioritisc Enembers wlho attend club regularly. We delivered 21 diffeT¢nt a¢tivilies as part of a varied programmc, including 3 Resideniials. Ov¢r the 5-week programme we had 1.636 Conwi hours with the youn¥ people. To compare with previous y¢ars, these very similar statisltcs in temis of numb¢rs of youn8 people and hours of xiiviiies. The change this year was a push ioward$ more sideniials which the young people had r¢quested. The summcT programme was nuinly funded wth supwn from th¢ Garfi¢ld W¢ston. tamb¢th Clapham ConsortiunL the salte Foundaiion. and th¢ Walcol FoundalLOII. We continue io deliver a s¢ri¢s of work&hops ai two local Primary schoo15. Holy Trinity, and Richard Atkins wilh a view io itnproving young people's ¢or¢ skills such as conJmuni¢ation. conflici resoluiion. resilience, self-¢onfid¢n¢¢, and Iwnwork. The'Ktll"gh. Toolkii. is a w¢llb¢in8 prO8ranjn speciflcally designed io equip young people io mak¢ posiiive choi¢¢s and know the tools ihey have at th¢ir disposal lo help them overcome challenges they may lace in the fuiure. with $pe¢ifi¢ emphasis on the traLI10n from S¢hool Y¢aTS 6 to 7. As rnention¢d in last ycals report we Commissioned Ex¢ter University to conduct an evaluation of current afyj pasi Transition programnK$ in the two prinry bchool$. The evaluaiion repon was is$u¢d towards lh¢ ¢nd of 2023. Overall. Ihc Evaluaiion was vcry supportive of the services bein8 delivered. A number of recomm¢ndatiODS wer¢ mid¢ and chang¢s bave been implemenied where appropriat¢. Throughout th¢ y¢ar. as part of our ongoing styaiegy w¢ have continued lo work with numerous partners on service delivery including - Holy Trinity Pritnary School. Info Univcrsity, London Youth, Oasis Play. Richard Aikins Primary School. Si Margarrf's Youth Club. Street Soccer. The Claph Contsoniunk The Clapham Park ProJ¢ct. Th¢ Da'aro Youth ProjecL The Hope C¢DEr¢. The Met Police. and the South London Rcfv8¢c Association ISLRAI. Our weekly club ariiviiies Continue to be well attended providing opptsrtunities for s¢lfxpression and Skill d¢velopmcnt whi]5t learning how to manage emotio, difficult sinliOnS and having lots Lbf fun in ihe mix. Thesc are now supwjned by a Saturday Dance ¢lub art¢nd¢d by our member5 and youn8 people for other local youth organisaiions. At the be8inning of each Icrrn staff and youn8 people plan the programme for th¢ terni gnd what th¢y plan to achieve. Th¢r¢ might be a theme for Ihc tern]. T15 allows the opportunity io respond io any differing necds or prioriiie5 and ensures th¢ programrne is relevant- specific - and h&5 some stnLCture with clear staff responsibilities. Food is always on Ihe mcnul Our Youih Fonjm ¢onlinu io thn've with youn8 people from each age group voted by their p¢¢rs a$ Youth representhiives. - At the start of 2024. with fiUIng from th¢ DIE and in conjun¢iion with Limbeth. The Da'aro Youth ProjecL the SLRA. and the Wey 151and Tn1 we lauwh¢d an Integration Project. This is part of a larger programme of supponive inieryentions for Unaccompanied Minor¥ and Una¢¢ompani¢d Minors care leavers. In Brief we are developing a joint learnin8 pro)e¢i wthich explores how rctiLg¢¢ young peopl¢ lunaccompanicd rninors) ¢an inte8rsle and access mainstream youth work activities and a&%ociaied supptsrt services. Iln addiiion io their sep2Ta ¢XLSting larseied provisionl.This is a n¢w youth led programme. The funding period is from January 2024 uniil MaT¢h 25. Page 2
THE KNIGirrs YOUTH CENTRE (REGISTERED NUMBER: 071102706) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 FINANCIAL REVIEW Flnanel#l posltlo The trustee5 are satisfied with th¢ financial posiiion for the y¢¥r. PriDelpil fvDdlng sourtes Thc charity raises funds through a combtnation of.. - Grants from charitoblc trusts and corporates Personal donations - Rentsl income Grant income represents 75•/0 of th¢ tothl ineome in 2023-24, including a number of new recipi¢nts in the year. Personal donations. at)d r¢ntal irttome both provided a furthcr 9•/• and 120/0. respectively. Reserves pollry The tn]5tees have considcrcd the charity's requirements for unr¢5tricted resetves in light of thc nin financial risks to the organisaiion. It has estsblished a policy in which the unresiricied ndS held and not committed or inve5t¢d in tangible fixed assds held by the charity should cover, in a Sustained period of insutTi¢icni granl income. 50/0 of non-project expendire over a six-mnih period together with the exceptional expenses a$sl3¢¢d wth an orderly closedown. However. in light a chang¢ of focus by charitable grani providers to posl-pandemic relief. the risks to our grani income have increas. As a result. Ihe board Iw Ireased the minimum reserve5 in Reserves Policy figure to £140,000. Following addiiions to d¢signated reserves io support th¢ r¢placement of the minibus and iowards the re-development of Ihe youth c¢ntre. the total free rescrvcs al 3151 March 2024 weTC £511.508 Iihi5 includes £282.268 of Fix¢d Assets) thich. given the volatile namre of income strcarn5 the trustees regard as satisfactory. Goltt% tontern The Trust¢¢s are 5at15fied that the charity has $uificient reserves to continue it5 work for the foreseeable fvtur¢ and in any event. for a penod of 12 monihs. FUTURE PLANS The chariry plan5 10 maintain its evening and Sawrday provision. day trips and residential services and projcct work which are at the heart of its provision of a caring and sUPPQrtive environment for recrcation and personal development. W¢ will continue with collabordtiY¢ projects with other youth s¢ryi¢e partners in ihe arA which will include the school-bas¢d pre5enee. After the su¢¢¢$5 of our previous Summer Projects. the Team are again planning to deliver a similar programrne ov¢r the swnmer weeks. Our redevelopmenVupdatÉng of our premises continues. In less than 30 months we have converted the fomer stage area in to dedicated otyice. installcd n¢w toilets downstairs. a new Music Studio. a new 'Quiet' room and in early 2024 rerbi$hed our kitchen ftsr our young people to Use. These changes have all been well received and are providing additional services for our young people. Nexi year we will be renovating the ioilets upstairs. STRUCTURE, GOVERNANCE AND MANAGEMENT GovernlnE document The tharity is controlled by it5 governin8 document, its Memorandum and Articles of Association. and constitutes limited ¢ompany. limited by guarantee. a5 defined by the Comp2ni¢s Act 2006. Rtsk maDgemenl The Trusiees regularly review the major risks to which Kntghts is exposed. in particular those related to the operntions and finanees of Knights. Th¢ Trustees are saiisfied that systems and procedures are in place to IriLtl8ate Knights, exposure to the major rsks. Members, liability The rnember5 of the charity guarantee to ¢ontribuie an amount not exceeding £1 io ihe assets of the chariry in the event of a windin8 UP. Page 3
THE KNIGHTS YOUTH CENTRE (REGISTERED NUMBER: 071M127O6) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 REFERENCE AND ADMINISTRA TIVE DETAILS Reglstered Company number 07002706 IEngland and Wale51 R¢gl¥tered Cb#rlty number 1140232 Regl$tered offi¢¢ 27 Streatham Place Streatham Hill London SW2 4QQ Trustees D Dowie- Retired Child Care WOTker C Giles- Retired Local Governtneni Manager Miss M Grdllt - ConsulianvLegal Ex¢wtive M R L£>n8 - Project Manager R Quinn- Retired Finance Sysiems Archit¢¢l J M SaundeTS- Retir¢d Insurance Broker C R Saunders - Reiired Local Government Manager M5 G Tovey- Chariry CommunÈcation5 mgr Iresi8n¢d 301812023) Ms R Sawyer- Business EXtIV¢ Ms S Honey CorFM)raie Pannerships Manager Iresigned 116120231 Ms D Gibbs - R¢tired Hr Executive H DkwOrth.POrtCT- Business Consultant Iresign¢d 2911012024) CompAlly Secretary J M Saunders Indepelldellt EXanller R J Halsey Bsc (Honsl FCCA. Hals¢y & Co IAccounianis} Ltd. Chanered CertifL¢d Accoun¢an Re8isiered Auditors 2 Villiers Court 40 Upp¢r Mulgrave Road Cheam Surrey SM2 7LT STATEMENT OF TRUSTEES, RESPONSIBILITIES The irust¢¢s Iwho are also ihe dir¢¢ior5 of Thc Knighis Youth C¢ntr¢ for th¢ purposes of company lawl are responsibl¢ for preparing th¢ R¢port of the Trusiees aTHI the financial siatemcnts in accordan¢¢ with applicable law and Unld Kingdorn Accounting Stsndard5 Iunited Kingdom Generally Accepted Accounting Practi¢e}. Company law r¢quires the sleeS io prepare flnancial statements for each financial year which give a In and fair view of the state of affairs of the charitable company and of the incoming resources and 8ppli¢aLion of resource5. Lncluding thc income and ¢xp¢rMlilure. of the charitabl¢ cotnpany (or thai period. In pr¢paTing those financial statemenis. the trustee5 are required s¢l¢¢l $uilable accounting polici¢s and then apply ihem consist¢ntly: observe thc methods and principles in the Charity SORP: make judgements and esiimaies (hai ar¢ reasonable and prudenL prepare the financial stsiements on the going ¢oThcern bASiS unless li is inappropriaie io pr¢sum¢ that the cbaritable company will Coniinue in business. Page 4
THE KNIGirrs YOUTH CENTRE (REGISTERED NUMBER: 071M12706) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES- ¢t)DtIDued The tru5tee5 are responsible for keepin8 Propcr accounting records which dI105C with reasonable ¥ccuracy ai any time the financial position of the charilable company and to enable ihem to ensure that Ihe finaA¢i81 staiements comply with the Companies Act 20()6. They are also responsible for safeguarding the asseis of th¢ Charitable company and h¢w¢ for taking reasonabl¢ steps for the prevention and deteclion of fraud and other irregulariiies. This r¢port has been prepar¢d in aceordince with the Spla] provisioLs of Part 15 of th¢ Companies Aci 2006 r¢latin8 io small companies. Approved by order of the IM)erd of trustecs on and siwKd on its behalf by.. R Quinn- Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KNIGHTS YOUTH CENTRE IndepeDdeDt examlner'i report to the trustf¢5 of Tb¢ Knlghts Youtb Centre {'the CompAlly') I r¢port io the charity irusices on my examinalion olthe a¢counis of ihe Company for the year ended 3 1st March 2024. Re8ponslbllltl£s b*sli of report As the chariiyb InisiC¢S of the Cotnpany land also its dirff tors for the purposes of company lawl you ar¢ r¢sponsible for the preparation of the accounts in accordan¢e with the requirements of th¢ Companies Act 2006 llhe 21M)6 ACVI. Having tried myself that the accounts of the Company are noi required io be audiied undcT Pan 16 of the 2006 Aci and are eligible for independeni examination, I report in respc¢i of my examination of your chariry's accounts as cal out under Seciion 145 of the Chanties Aci 2011 I'ihe 2011 Aci'i. In carrying our my examination I have followed the Directions 8iven by the Chan'ty Commission und¢r S¢¢tion 145151 {bi of the 2011 Aci. Indedent ¢xamlner'i itltemept Since your chariry's gr055 income excced¢d £250.000 your examiner musi b¢ a m¢mb¢r of a listed body. l Can ¢onfirn1 that l am qualified io undertake the examinaiioa b¢¢ause l am a nmber of the Associauon of Chart¢rcd Certified A¢¢ountan15. which is onc of lh¢ listed bodics. I have compleied my ¢xamIlI0. I confinn thai no matters have come to my attention in ¢ontKction with the ¢xamination giving me cousc to believe.. a¢couniing were lloi kept in r¢spect of the Company as required by S¢ction 386 ofthe 2006 Aci; or the accounts do not accord th ihose records: or the accounis do noi comply with ihe ac¢ouniing requirernents of Section 396 of the 201)6 Aei other than any requiremcni Ihai ihe accounts give a tru¢ and fair vicw which is not a maLt¢r Considered as part of an independeDI examinaiion: or the accounts. have noi b¢en prepared in accordance with the methods and principles of the Ststrm¢nt of Recommended Pra¢fi¢e for accounlLn8 and reponing by charities lapplicable to charilies preparing their a¢counts accordawe wjth the Financial ROrtItt8 Stsndard applicable in th¢ UK and Republic o(Ireland IFRS 10211. I have no concems And have ¢omc across no other maiicrs in connectlon wih the examination io which att¢ntion should b¢ drawn in this repon in order 10 ¢nable a proper understanding of the accounts io be rcached. R J Halsey BS¢ {Honsl FCCA. Halsey & Co IA¢counlanisl Lid. Chartered Certified A¢¢ountants R¢815tercd Auditors 2 Villiers Court 40 Upper Mul8rave Road Cheam Surrey SM2 7hJ Dat¢.. Pa8e 6
THE KNIGirrs YouTh CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 31.3.24 Total fiJnds 31.3.23 Total funds Unr¢stricted fund5 Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 244.861 80.483 325.344 211.966 her trading adiviti¢s Investment income 43,416 3,880 43.416 4,381 43.108 1.097 501 Total 292.157 80.984 373.141 256.171 EXPENDITURE ON Charlt•ble Actlvlt General Fund 198.095 33.355 231,450 245.650 NET INCOME Trgnsftrs between funds 94,062 151.6311 47.629 51.631 141.691 10.521 Net movemeni In fundi 42.431 99.260 141.691 10.521 RECONCILIATION OF FUNDS Toial funds brought fonvard 417.237 124.151 541,388 530.867 TOTAL FUNDS CARIUED FORWARD 459.668 223.411 683,079 541.388 The notes fomj part of these financial wt¢mcnt5 Page 7
THE KNIGHTS YOUTH CENTRE (REGISTERED NUMBER: IJ71)027110) BALANCE SHEET 31ST MARCH 2024 31.3.23 Total Unrestricted fund5 R¢stricted fund$ Tothl funds Notes FIXED ASSETS Tangible ass¢ts 282,268 282.268 252.838 CURRENT ASSETS Debiors Cash ai bank 10 435 237.544 435 460,954 750 350.050 223.410 237,979 223.410 461.389 350.800 CREDITORS Amounts fallin8 due within on¢ y¢ar 160.578} {60.5781 162.2501 NET CURRENT ASSETS 177.401 223.410 400.811 288.550 TOTAL ASSETS LE&S CURRENT LIABILITIES 459.669 223.410 683.079 541.388 NET ASSETS 459,669 223.410 683.079 541.388 FUNDS Unresiricicd funds Restricted funds 459.669 223.410 417.237 124.151 TOTAL FUNDS 683,079 541.388 The charitablc cornpany is ¢niitl¢d to exempiioD from audit under Se¢iion 477 of th¢ CoTnpanies A¢1 2(N)6 for th¢ ye euded 3 Isi March 2024. The members hav¢ nol requircd the company io obrain an audit of its financial stst¢m¢nts for the year ended 3 1st March 2024 in accordance With Section 476 of the Compani¢s Act 2006. The trust¢¢s acknowledge th¢ir responsibilities for lal ensuring thai the chariiabl¢ cornpany keeps ac¢ouDtin8 records that comply with Sections 386 and 387 of the Companies Aci 2(M)6 and preparing flnancial staiements which ve a true and fair view of the sute of affairs of ihe ch&ritsble company as t the end of ¢a¢h flnancial year and of its sury)lus or d¢ficit for each financial year in accordance with ihe requiremenis of S¢¢iions 394 and J95 and which oiherwise Comply with the requiremen of ih¢ Cornpanies Aci 2006 Telaiing 10 financial statements. so far as applicable the ¢h8ritsble company. (bl The no*$ fonn part of these financial $tat¢ments Pag¢ 8 continued...
THE KNIGirrs YOUTH CENTRE (REGISTERED NUMBER: 07(10271)0) BALANCE SHEET- ¢ottthiued 31ST MARCH 2024 These financial staternenis ha been pr¢pared in accordance with the provisions applicabl¢ to charitable companies subject to Ihe small companies regime. The finala] statements w¢r¢ approved by ihe Board of Trusiees and authorised for issue 17...7kn. w.2p.It . . and were signed on its behalf by: R Quinn. Trustee C Giles - Trustee The nOS forni part of these fitwicial statem¢nts Page 9
THE KNIGHTS YOUTH CENTRE NOTES TO THE FINANCIAL STATEMEYTS FOR THE YEAR ENDED 31ST MARCH 21124 ACCOUNTING POLICIES Bas1$ of PTeprln8 the finaDcil s¢•¢¢Jn¢4ts The financial $tai¢ments of the ¢hari¢able company. whk¢h is a public bcnefil entity undei FRS 102. have been prepared in accordance wTrth the Charities SORP IFRS 1021 'Ac¢ountin8 and Reportiri8 by Chatities.. Sthtemeni of Recommended Praciice applicable to chaniies preparing ihcir ac¢ounLS in a¢¢ordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland {FRS 1021 leff¢¢live l January 20191,. Financial Rq)ortin8 Stsndard 102 Th¢ Financial Reporting Slandard applicable in lh¢ UK and R¢public of Ireland. and the CompaDies Aci 2006. The financial $tat¢m¢nts have been prepared under the historical cost Thvention. IDcome All income is recognIs in the Ststemeni of Firwicial Activities once the charity has eniiilemeni io the funds. it is probable thai the inwmc will be received and the am(Funi can b¢ mcasured reliably. Funding rw¢ived iyji which relates to ¥ctiviti¢s and expendiiure in a subsequeni period is deferred to th¢ utcnt thai li relates to that later period. Exp¢ndlture Liabiliiies are r¢co8ni5ed as expendinwe as soon as there is a le8al or conslruclive obli8aiion commining the ¢han"ty to that expendinwe, it 15 probable that a transfer of ¢conomi¢ b¢n¢fits will be required in settletneni and the arnouni ofihe obligaiion can be measured reliably. Expenditure is accounted for on an accnjals basib and hos been cl&ssified under hcadings that aggrega all cosi relaied io thc Ca80ry. Wherc costs cannoi be directly airribuied io particular headings ihey have bcen allocated activities on a basis Consisieni wilh th¢ LLse of r¢sources. TThglbl¢ filed Depreciaiion is provided at the followng annual rale5 in ord¢r to WTite off each asset over its estimatrd useful life. Short Icasehold FIxn¢S and fittings MoioT v¢hicl¢s Compur equipment Over the e5timaied life ofthe propeny 250/• on reducing balance 250/• on reducing balance 25 /• on cost txasehold property and its improvements are depreciated over the life olth¢ lea8¢ r¢rnainin8. Ta¥*tlon The chariry is exempt from ¢orporaiion tsx on its charitsblc a¢tivitl¢8. Unrestricted fvnds ¢an be used in accordance with the chan'tabl¢ obj¢¢lives it the dIr70 of the ttusttts. R¢strictcd ndS Can only be ud for particular re&¢ncted purposes within thc objects of ih¢ Crity. R¢strictioL% arise wheD spwificd by the donor or when fiwd5 are ra15ed lor particular restricted purwses. Two new rcsirici¢d funds were e5tsblishcd ID 2024. being the IA)ndon VRU Stronger FUe$ fimd. and the D.f.E.dmbeth UASC I carc le8ver5 menioring fund. The London VRU Stronger Future5 hjnd enables communiry-led groups io suppon 8-18-year-0Sd Londoners most iti-need. providing them with skills. opponuniiies, and suppon in thc hours aft¢rschool. which. evidence 5U88e5ts. is a high-risk peri for becomillg involved in, OT a victim of. violence. This will fund. support. and ¢valuate COTwnuniiy-led organisalion5 acr055 London which work io improve th¢ cducolional outcomes. employability prospects.. men1 h¢o1th ond w¢llbeing ofyoun8 people at ribk or Involved in Yiolence.The charity is qUiT¢d lo provide specific aciivilies Jnd s¢rvi¢e8 in rtlhtion to this fijnd for a penod nmnin8 from 1918123 to 3019125. Page 10 ontinu¢d...
THE KNIGirrs YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES- coTrt5nued *ecountlng Thc UASC l ¢arc leaverfs nd supports a new D¢partmertt for Education ID l fvnded mentoring l inie8ration projcct. running until March 2025, for unaccompanied a5ylum-seeking childrcn IUASCI and 16-plus young people leaving car¢ in iArnbeth. The project is being dclivcred by Knights Youih Centre. South London Refugtt AsclaIl0ll ISLRAI and D2'aro Youth Project. in parthership wilh Lambcth Council. The fund supporL8 the Knights Youth Cenire contribution lo a eombinaiion of a UAS(-$p¢cÈfic mentoring elemen¢ and a wid¢r iniegration ¢l¢ment and aitns to support UASC to develop ptssiiiye communiry connections. understsnd their rights. and Teach their full potential. Other r¢strieted funds held at the year end, ar¢ ¢annarked fijnds for specific exdi1C purposes by the board. DONATIONS AND LEGACIES 31.3.24 31.3.23 Gift aid fjrantS Annual Rewn Misc Income 4.120 280.076 2.075 10.014 26.344 2.715 3.688 180.603 1.984 7.638 18,053 KYC900 Le8acy 325.344 211.966 Grants received, included in th¢ above. are as follows.. 31.3.24 31.3.23 Walcot Fouthtion Jack Peichey Award5 For All Young Clapham Garfield Weston Guys and Si Thom. Hospital London VRU Stronger Futures London Mayor's Propel Fund Lambethl Dept of Educaiion Other local authoriry funding Other charitabl¢ trust grants Other grant$ 24.657 1.81M) 8.71)0 28.(M)O 20.833 3.800 21.741 25.(KK) 54.942 34,892 46.704 9.7 4.3 21.444 58.333 69.138 18.987 7.501 280.076 180.603 Pasell continued...
THE KNIGHTS YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS- eoDtlnued FOR THE YEAR ENDED 31ST MARCH 2024 OTHER TRADING AcfiviTIES 31.3.24 31.3.23 Rents Rweived 43.416 43,108 INVESTMENT INCOME 31.3.24 31.3.23 Deposii account interest 4.381 1.097 NET INCOMEI(EXPENDITURE) Net inMe/(eXPendin¢I is stated after Chargin(creditingl". 31.3.24 31.3.23 Depre¢iaiion- owned assets 17.348 16.192 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' remuneration or oiher benefits for th¢ ycar ended 31si March 2024 nor for the year ended 31 si Mar¢h 2023. Tru$tees' expens¢i There w¢r¢ no trIL8iees' exp¢Dges paid for the y¢ar ¢ndcd 31st March 2024 nor for the year ended 3 l&t March 2023. STAFF COSTS The av¢rag¢ monthly number of ¢mployees during th¢ y¢ar was a5 follows.. 31.3.24 31.3.23 Support staff Events and aciivitie5 10 12 No employees received emolumenis in excess of £60.IH)O. COMPARATIVES FOR THE STATEMENT OF FIIYANCIAL ACTIVITIES Unresthci¢d R¢stricted Totsl funds INCOME AND ENDOWMENTS FROM DonaiioLs and legaci¢s 197203 14,763 211.966 Other tyading activities Investmeni incon 43.108 942 43.108 1.097 155 Tg1#1 241,253 14.918 256.171 EXPENDITURE ON Page 12 conihnued...
THE KNIGHTS YoirrH CENTRE NOTES TO THE FINANCIAL STATEMENTS- ¢Dtstlnued FOR THE YEAR ENDED 31ST MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcrtVlTIES- eontlnued Unresthcied Re5trict¢d funds nds Totsl fuThJs Ch*rltAble •etfvltl¢• Gcn¢ral Fund 225.401 20.249 245,650 NET INCOMEI{EXPENDITURE) Tranjfers between funds 15.852 6.358 {5.331 } (6.358) 10.521 Net movement ID lundj 22.210 111.689 10.521 RECONCILIATION OF FUNDS Total funds brought forward 395,027 135.840 530.867 TOTAL FUNDS CARRIED FORWARD 417,237 124,151 541.388 TANGIBLE FIXED ASSETS Fixtures Short leasehold Motor vehicl Computer equipment fittings Totals COST At 1st April 2023 Additions 314.735 38.727 6.959 8.051 30.734 4.090 356.518 46.778 Ai Jlsi Mah 2024 353.462 15.010 30.734 403.296 DEPRECIATION Al I si April 2023 Charge for year 85.868 8.837 2.346 3.166 13.448 4.322 2.018 1,023 103.680 17,348 Al 31st March 2024 94.705 5.512 17.770 3.041 121.028 NET BOOK VALUE Ai 31 si March 2024 258.757 9.498 12.964 1.049 282.268 At 31 st March 2023 228.867 4,613 17.286 2.072 252.838 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 PrepaynKnts 435 750 Page 13 continued...
THE KNIGHTS YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST MARCH 2024 CREDITORS: Amouiwfs FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Social %¢urity and other thxes Othei ¢rediioTS Accruals and deferred incom¢ 1.760 2.51M) 57.990 23.911 36.667 60.578 62.250 12. LEASJ]YG AGREEMENTS Minimum lcasc payrtttis under non-caD¢¢llable operdiing leases fall due as follow5.. 31.3.24 31.3.23 Wiihin oTh¢ y¢ar Between one ond fLV¢ year5 In nwre than five years 334 2,338 32.336 334 33.004 35,008 35.342 A new lease on the prop¢rty was ttegoiiad on 13th January 2023 wtth Tbc Lottdon Borou8h of Lambeth with duration of 40 years. 13. MOVEMENT IN FUNDS Nei TveMen1 in funds Transfers berween nds At 3113124 Ai 114123 UDrestrl¢¢ed funds General lund 417237 94.063 151,6311 459.669 Rutrlcted fupds PToperty R¢d¢v¢loprnenl Fund Minibus Repla¢em¢ni Fund Guy'5 and St Thomas, Charity Todd Laiha Roof replacernent fund Lundon VRU Stronger Futures D.f.E.ILambeth UASC l ¢are leavers mentoring 80,673 22,824 654 5.(H)O 15.000 26,367 23 241 107,040 23.348 501 18951 15.IKK)) 25.000 40.(M)O 4.983 4,983 48.039 48.039 124.151 47.628 51,631 223.410 TOTAL FUNDS 541.388 141.691 683.079 Page 14 Coniinued...
THE KNIGHTS VOiJTH CENTRE NOTES TO THE FINANCIAL STATEMENTS- contiDlled FOR THE YEAR ENDED 31ST MARCH 2024 13. MOVEMENT IN FUNDS - ¢Trntlnued N¢t tTKTrvemeni in nds. included in the above are as follows.. Iorning resource$ Resourcc5 expended Movemeni ID funds Unrestrlcted funds Gcneral fund 292.157 1198,0941 94.063 Rutrlrted fvDdJ Minibus R¢placement Fund Guy's and St Thomas, Charity Todd Latham Ixlndon VRU Stron8er Futures D.f.E./Lambeth UASC I care l¢avers mcntoring 501 3,800 501 1895) 15.(N)O} 4.983 14.6951 15,(M)O 116.7581 21,741 54.942 16.9031 48.039 80,984 133.3561 47,628 TOTAL FUNDS 373,141 (231.4501 141.691 Comp*r¥tfves for nwvemeni In Nel movement Transfers At 3113123 At 114122 Unrestrkted fvttdi General fijnd 395.027 15.852 6.358 417.237 Rtttrlcted funds Property Redevclopm¢nt Fund Minibus Replacement Fund Guy'5 and S¢ Thorn88' Charity Todd Latham Roof r¢placemeni fund 107.342 12.669 10.829 5.000 {26.6691 10.00 {4.6891 80.673 22.824 654 155 (5.4861 15.000 15,000 135.840 {5.3311 {6.358} 124.151 TOTAL FUNDS 530.867 10.521 541,388 Page 15 continued...
THE KNIGHTS YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS - CODtlnued FOR THE YEAR ENDED 31ST MARCH 2024 13. MOVEMENT IN FUNDS- ¢oDtlnued Cornpargtivc net movemeni in funds. includ in the above are as follows.. Incorning resourccs Resources expended Movement Urestricted funds G¢ner¥l fvDd 241.253 1225.4011 15,852 R#trleted lundi Minibu$ R¢placemeni Fund Guy's and St Thomas, Chan"ty 155 14,763 155 15.4861 {20.2491 14.918 120.2491 15,3311 TOTAL FUNDS 256,171 1245,6501 10.521 TriThifer$ be¢v4¢¢n funds Dunng 2024. a transfer of £25.(K)0 12023: £I5.{Kl was made from Beneral reserves lo the d¢si8nat¢d Roof R¢placeTnent Fund. A fithr £26.367 provision was also added to the Propery R¢d¢vclopm¢ni Fund12023.. £20.1KN)i. There were also minor trdnsfers in respe¢1 of th¢ Minibus and Guys and Si Thomas, funds in respc¢t of adjustments to previously Stsled balances. 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 3 Isi March 2024. Page 16