Company registration number.. 07555639 Charity registration number.. 1141611 Grappenhall Youth & Community Association IA company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 HMA HANNAH MURRAY ALLUUN IANL Y Hannah Murray FCCA 61 Falconers Green Westbrook Watringlon Cheshire WA5 7XF
Grappenhall Youth & Community Association Contents Reference and Administrative Detsils Trustees, Report 2106 Independent Examinerfs Report 7108 Slalemenl of Financial Activities 91010 Balan Sheet Notes lo the Financial Slalemenls 121022
Grappenhall Youth & Community Association Reference and Administrative Details Secretary John Howard Leaver Charity Rggistration Number 1141611 Company Registration Number 07555639 Registered Office Bellhouse F8rm Bellhouse Lane Grappenhall Warringlon Cheshire WA4 2SG Independent Examiner Hannah Murray FCCA 61 Falconers Green Westbrook Warringlon Cheshire WA5 7XF Page 1
Grappenhall Youth & Community Association Trustees, Report Trusteos, Report The Trustees, who are Directors for the purposes of Company Law, present their annual report together with the financial slalemenls of the charitable company for the year ended 31 sl March 2024. STRUCTURE. GOVERNANCE and MANAGEMENT Goveming document The charity is controlled by its governing document, The Memorandum and Articles of Association, and constitutes a private company limited by guarantee. Change of Trustees Mr Philip Mahoney resigned with effect of 29th November 2023 and the Board wish lo thank Philip for the assIstsn and support he gave during his time in office. The remaining eight Trustees have indicated that they are willing lo remain in Offi and in accordance with the Articles, Dr Christopher Cults, Mrs Vicki Dutton and Mr Paul Whrte will retire by rotstion al the forthcoming AGM and offer themselves for re-election. New candidates for the posf(ion of Trustee a being actively sought and further information on this will be announced within the Notice for the AGM. Training and Support of Trustees The trustees are all fully aware of their duties and responsibilities under the relevant law and regulations and all trustees are provided with a copy of the Charity Commission publicab'on "The Essential Trustee- what you need to know.. The Trustees have organised themselves into appropriate working groups lo support the different operational and managerial aspects of the GYCA. Organisational structure The Grappenhall Youth and Community Association IGYCAI is home to a large number of User Groups using the Cenlre's facilities which include the Olde Barn. the Studio, the Sports Hall and the Committee Room. Wlder network The trustees wish to thank Grappenhall and Theall Parish Council for their assistance and involvement in the activities of the centre and trust that they will remain supportive in the future as we strive to achieve the Improvements we consider necessary to guarantee our future. Related parties The Bellhouse Club Limited. The principal activity of the Bellhouse Club Limited is as a trading company operating a licensed bar. Trading activities are on behalf of the GYCA and all profits and gains are payable lo the charity. Page 2
Grappenhall Youth & Community Association Trustees, Report Staffing The Trustees previously recognised that the GYCA needed improved financial management and operational support and are pleased lo note that the management team have remained in pla for the year under review and continue to do so. OBJECTIVES AND ACTIVITIES To promote the benefit of the inhabilanls of Grappenhall and the neighbourhood without distinction of sex or political. religious. or other opinions by associating the local aLJthorities, voluntary organisations and in habitants in a common effort lo advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life of the said inhabitants. b. To establish or secure the eslablishmenl of a community ntre. Significant activities Our centre continues lo thrive and develop. and activities provided by the centre and various user groups continue lo provide a valuable and varied benefit lo the whole community. We have historically dedicated lime, money and effort into improving facilities particularly for the young and the older members of our community. Volunteers Our ntre. like many others in the area. is now suffering from a lack of volunteers. Except for a stslwart core of people, we still find il is difficult to attract volunteers when there are so many other local organisations requiring similar resources. New volunteers will aayS be made welwme and should make any Inf(ial approach through the Offi. ACHIEVEMENT AND PERFORMANCE Charitable Activities We are pleased to recall that the Charity celebrated the 50th 8nniversary of ils, being founded in October 2023, this was a significant landmark and we believe a stepping stone towards our Centenary in 2073 as the GYCA continues to play a significant role in its, local Community. Fundraising activitias and achiavemgnts The Annual Beer Festival continued lo be successful and attracted custom from not only the local area, but also from further afield. An initiative was launched to bring a Community Cinema lo the area and the Old Barn now plays host lo this monthly event. New social events have been Irialled and Introduced such as the Blues Night and other ideas are constantly under discussion for addrtion to the busy calendar of events ran by the Organisalion. IMPROVEMENTS Page 3
Grappenhall Youth & Community Association Trustees, Report Estates: Addressing the material condition of our ageing buildings, infrastructure and the outside areas remains an on-going task. One of the first requirements before any works could safely commence was a thorough asbestos survey of the entire sile. During the ye8r work was also done lo address issues regarding damp proofing of the walls of the Old Barn and we are specifically grateful lo the Parish Council for their Contribution to this necessary project. Significant funds were apportioned lo upgrade the AV and Sound Systems in both the Bellhouse Bar and the Olde Barn, thi5 has enabled a significant improvement in the presentation of televised sport and the eslablishmenl of the Community Cinema. After the year-end, work has stsrted to modernise the dis8bled washrooms in the Bellhouse and plans are underway for similar works in both the Bellhouse and the Olde Bam, subject, as always, to financial restraints. IT: We have continued lo make necessary upgrades and significant improvements with our IT infrastructure to ensure both greater reliability and reliable neork connectivity. This will ensure that we have a stsble foundation upon which we can operate. We are now, for example, more readily able to refresh and develop the Social Media presence of the Charity and the Club, a task that remains ongoing and necessary to help move the business forward. FINANCIAL REVIEW The principal funding source for the Association continues to be the hire of the Community Centre rooms for private functions, business focused user groups and local clubs and groups and the income generated from the Bellhouse. Whilst the results for the year are down on the previous period, this was anticipated and driven by the decision lo approve significant expenditure on such projects as., The internal decoration of both the Olde Barn Inecessitated by the damp works) and the Bellhouse Damp proofing work in the Olde Barn (for which we are grateful for the support of G&TPCI An asbestos survey of the sile Professional computer and systems support Significantly improved AV facilities Improved signage around the site The development of events and entertainment packages intended to InCaSe the footf811 lo the site This expenditure has been agreed with the intention of improving the offer the business can make to our regular and casual customers and it is believed will repay itself in lime. AntlClP8ted improvements to the washrooms were delayed by the need lo fund the above projects and the concern over the potential costs of building wall repairs. Work to the disabled washrooms in the Bellhouse has now begun and pl8ns are being drawn up for other similar improvements lo be carried out over the upcoming winter period. Page 4
Grappenhall Youth & Community Association Trustees, Report Truste•s and offlc&rs The Iruslees and officers serving during the year and since the year end were as follows.. Trustees.. Robert Mclean Dr Christopher Cutts Phillip Mahoney (resigned 29 November 20231 Alan Madarlane Mair Sara Pothecary Sarah Jenny Marsh Paul Nicholas While Vicki Dutton Virginia Ruth Mair Secretary". John Howard Leaver Statement of trustees, responsibilities The Iruslees Iwho are also the directors of Grappenhall Youth & Community Association for the purposes of wmpany lawl are responsible for preparing the trustees. report and the financial ststements in accordance wrfth applicable 18w and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the Iruslees lo prepare financial ststemenls for each financial year. Under company law the trustees must not approve the financial ststements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming reSoUrS and application of resources, including rts income and expenditure, of the charitable company for that period. In preparing these financial statements, the Iruslees are required to.. select suitable accounting policies and apply them consistendy., observe the methods and principles in the Charities SORP", make judoemenls and estimates that are reasonable and prudent, stale whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial slalemenls., and prepare the financi81 slalemenls on the going concern basis unless il is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitsble company and enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
Grappenhall Youth & Community Association Trustees, Report The Iruslees a responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial slalemenls may differ from legislation in other jurisdictions. The annual report was approved by the Iruslees of the charity on 29 October 2024 and signed on ils behalf by. Dr Christopher Cults Trustee Page 6
Grappenhall Youth & Community Association Independent Examinerfs Report to the trustees of Grappenhall Youth & Community Association ('the Company.) I report lo the charity Iruslees on my examination of the accounts of the Company for the year ended 31 Mah 2024. Rgspon$ibilitig$ and basis of rgport As the charty's trustees of the Company land also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in aOrdan with the requirements of the Companies Act 20061'lhe 2006 Acl'l. Having satisfied mysew that the accounts of the Company a not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe". 1. accounting records were not kept in respect of Grappenhall Youth & Community Association 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 'lrue and fair Mew, which is not a matter considered as part of an independent examination.. or 4. the accounts have not been prepared in accordance with the methods and principles of the ststement of Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which allenlion should be drawn In this report in order lo enable a proper understanding of the accounts lo be reached. Hannah Murray ACCA 61 Falconers Green Westbrook Warringlon Cheshire WA5 7XF Page 7
Grappenhall Youth & Community Association Independent Examinerfs Report to the trustees of Grappenhall Youth & Community Association ('the Company.) 29 October 2024 Page 8
Grappenhall Youth & Community Association Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Note Incom• and Endowments from: Donations and legacies Charitable activities Investment income 3,000 157,401 894 3,000 157,401 894 Total income 161,295 161,295 Expenditure on: Charitable activrties 1199,831 3,6361 1203,4671 Total expenditure 199,831 3.636 203.467 Net expenditure 38,536 3,636 42,172 Net movement in funds 138,5361 13,6361 142,1721 Reconciliation of funds Total funds brought forward 163,480 18,184 181,664 Total funds carried foNard 18 124.944 Unrestrictod funds 14,548 Restricted funds 139,492 Total 2023 Note Income and Endowments from: Charitable activities Investment income Other income 164,954 218 11.860 164,954 218 11,860 Total income 177,032 177,032 Expenditure on- Charitable activrties 1171,2951 13,6361 1174,9311 Total expenditure 1171,2951 13,6361 1174,9311 Net Incomellexpenditurel 5,737 3,6361 2,101 Net movement in funds 5,737 13,6361 2,101 Reconciliation of funds Total funds brought forward Total funds carried forward 157,743 21,820 179,563 18 163,480 18,184 181,664 The notes on pages 12 to 22 form an integral part of these financial ststements. Page 9
Grappenhall Youth & Community Association Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) All of the charity's ath"vilies derive from continuing operations during the above periods. The funds breakdown for 2023 is shown in note 18. The notes on pages 12 to 22 form an integral part of these financial ststements. Page 10
Grappenhall Youth & Community Association (Registration number: 07555639) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 14 73,103 87,045 Current assets Debtors Cash at bank and In hand 15 16 43,934 35,346 40,029 71,318 79,280 111,347 Credltors: Amounts falllng due wlthln one year 17 112,891 16,728 Net current assets 66,389 94,619 Net assets 139,492 181,664 Funds of thg ¢harity: Restricted income funds Restricted funds 14,548 18,184 Unrestrlcted Income funds Unrestricted funds 124,944 163,480 Total funds 18 139.492 181,664 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476,. and The directors acknowledge their responsibilities for Complying with the requirements of the Act with respect lo accounting records and the preparation of accounts. The fi'nancial slalemenls on pages 9 10 22 were approved by the Iruslees, and aulhorised for issue on 29 October 2024 and signed on their behalf by." Dr Christopher Cults Trustee The notes on pages 12 to 22 form an integral part of these financial ststements. Page11
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charity 8tatU8 The charity is limited by guarantee. incorporated in . and consequenuy does not have share capital. Each of the trustees is liable lo wnlribule an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of ils registered office is.. Bellhouse Fam Bellhouse Lane Grappenhall Warrington Cheshire WA4 2SG These financial statements were authorised for issue by the trustees on 29 October 2024. 2 Accounting polici08 Summary of significant accounting policios and kgy accounting ostimatos The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consislenlly applied lo all the years presented, unless otherwise slated. Statement of Compliance The financial statements h8ve been prepared in accordance with Accounting and Reporting by Charities". Slalemenl of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 (issued in October 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Basis of preparation Grappenhall Youth & Community Association meets the definition of a public benefit entity under FRS 102. Assets and Iiabililies are Initially recognised al historical cost or transaction value unless otherwise ststed in the relevant aoUntIng poliw notes. Going concgm The trustees consider that there are no material uncertainties about the charity's ability to continLJe as a going concern nor any significant areas of UnrtainlY that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to earfy adopt Bulletin 1 published on 2 February 2016 and have therefore not induded a cash flow statement in these financial slalemenls. Page 12
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 Income and endowments All income is recognised On the charity has enlillemenl to the income, il Is probable that the income wll be received and the amount of the income receivable can be measured reliably. Donations and legacies Donations are recognised when there is evidence of entitlement lo the gift, receipt is probable and ils amounts can be measured reliably. Grants receivable Grants are recognised when the charity has an enlitlemenl lo the funds and any conditions linked lo the grants have been mel. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allwated on a basis consistent with the use of resources, with central stsff costs allocated on the basis of lime spent, and depre¢ialion Charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activities Charitable expenditLJre comprises those costs incurred by the charity in the delivery of its activities and services for ils benefi¢i8ries. It includes both costs that can be allocated directly lo such activities and those costs of an indirect nature neSSary lo support them. Support costs Support Costs include ntral fundions and have been allocated lo activity cost categories on a basis consislenl with the use of resources, for example, allocating property costs by floor areas, or per capits, staff costs by the tsme spent and other costs by their usage. Govgmance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and Iruslees meetings and reimbursed expenses. Govemment grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either lo revenue or lo assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating lo assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred. it is recognised as deferred income. Page 13
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 Taxation The charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the FinanTr Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingty, the charity is potentially exempl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains Sre applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £10.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreclatlon and amortlsatlon Depreciation is provided on tsngible fixed assets so as lo write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Long leasehold Plant and machinery Depreciation method and rate straight line basis over 17 years 25% redLJcing balance basis Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction pri. They are subsequently measured al amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and ¢ash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-lerm highly liquid investments that are readi convertible lo a known amount of cash and are subject lo an insignificant risk of change in value. Trado Croditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for al least e1ve months after the reporting date. If there is an unconditional right to defer settlement for al least twelve months after the reporting date, they are presented as non-currenl liabilities. Trade creditors are recognised initially at the Iransact40n price and subsequently measured al amortised cost using the effective interest method. Page 14
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 Borrowings Inlerest-bearing borrowings are initially recorded at fair value, nel of transaction costs. Inlerest-bearing borrowings are subsequently carried at amortised cost. with the difference beeen the proceeds. nel of transaction costs, and the amount due on redemption being recognised as a charge lo the Statement of Financial Activities over the period of the relevant borrowing. Interest expense Is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classffied as current liabilities Ljnless the charity has an unconditional right lo defer settlemènt of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general funds that are avai18ble for use al the Iruslees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is reslri¢led lo that area or purpose. 3 Income from donations and Iogacios Unrestricted funds General Total 2024 Grants, including capital grants,. Government grants 3,000 3,000 3,000 3,000 Total 2023 4 In¢omo from ¢haritablg a¢tivitlgS Page 15
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 Unrestricted funds Ggneral Total funds Room hire Event sales Licence fees 95,144 11,257 51,000 95,144 11,257 51,000 Total for 2024 157,401 157,401 Total for 2023 164,954 164,954 5 Invg$tmgnt income Unrestricted funds General Total funds Interest receivable and similar income", Interest receivable on bank deposits 894 894 Total for 2024 894 894 Total for 2023 218 218 6 Other income Total 2024 Total 2023 Furlough money received 11,860 7 Expenditure on charitable activities Unrestrlcted funds General Restricted funds Total funds Note GYCA Allocated support costs Govemance costs 11,682 102,864 85,285 11,682 106,500 85,285 3,636 Total for 2024 199.831 3,636 203.467 Total for 2023 171,295 3,636 174,931 Page 16
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 Total expenditure In addition to the expenditure analysed above. there are also governance costs of £85,285 {2023 £78,960) which relate directly lo charitable activities. See note 8 for further details. Page 17
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 8 Analy818 of govemance and 8UPPOrt Costs Basis of allocation Govemance costs Unrestrlcted funds General Total funds Staff costs Wages and salaries Social security costs Independent examiner fees Examination of the financial slalemenls 82,066 2,559 82,066 2,559 660 660 Total for 2024 85,285 85,285 Total for 2023 78,960 78,960 9 Net incomingloutgoing re8our¢e8 Net loutgoingllincoming reSoUrS for the year Include.. 2024 2023 Depreciation of fixed assets 18,841 18,623 10 Truste0$ romunoration and &xp&nses Erin While the daughter of Paul While has been employed through The Bellhouse Club during the yèar ended 3113124, her total earnings were £1,039. 11 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs durlng the year were: Wages and salaries Social security costs 82,066 2,559 76,035 2,300 84,625 78,335 Page 18
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 2024 No 2023 No Admin No employee received emoluments of more than £60,000 during the year. 12 Independent examinerfs remuneration 2024 2023 Examination of the financial statements 660 825 Page 19
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 13 Taxation The charity is a registered Charity and is therefore exempt from laxalion. 14 Tangible fixed assets Other tangible fixed asset Land and buildings Total Cost Al 1 April 2023 Additions 193,988 80,441 4,900 274,429 4,900 Al 31 March 2024 193,988 85,341 279,329 Daprgciation Al 1 April 2023 Charge for the year 128,023 12,783 59,361 6,059 187.384 18,842 Al 31 March 2024 140,806 65,420 206,226 Net book value Al 31 March 2024 53,182 19,921 73.103 Al 31 March 2023 65,965 21,080 87,045 15 Debtors 2024 2023 Trade debtors Prepayments VAT recoverable Other debtors 1,470 3,165 266 39,033 40,029 43,934 40,029 16 Cash and cash equlvalents 2024 2023 Cash on hand Cash at bank 457 34,889 1.698 69,620 35,346 71,318 Page 20
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 17 Creditors.. amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Accruals 6,022 2,312 4,557 6,655 2,488 7,585 12,891 16,728 18 Funds Balan¢9 at 1 April 2023 Incoming resources Rg$our¢gS expond&d Balan¢9 at 31 March 2024 Unrestricted funds General 163,480 161,295 1199,8311 3,636 124,944 Restricted funds 18,184 14,548 Total funds 181,664 161,295 1203,4671 139,492 Balance at 1 April 2022 Incoming resources Rg$ourcgS expended Balan¢& at 31 March 2023 Unrestrlcted funds General 157,743 177,032 1171.2951 13,6361 163,480 Restricted funds 21,820 18,184 Total funds 179.563 177.032 174.931 181.664 19 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2024 Rgstrictad fund8 Tangible fixed assets Current assets Current liabilities 58.558 79,280 112,891 14,545 73,103 79,280 112,8911 Total net assets 124,947 14,545 139,492 Page 21
Grappenhall Youth & Community Association Notes to the Financial Statements for the Year Ended 31 March 2024 Unrestricted funds General Total funds at 31 March 2023 Restrfcted funds Tangible fixed assets Current assets Current liabilities 68,861 107.697 18,238 18,184 87,045 107.697 18,238 Total nel assets 158,320 18,184 178,504 20 Related party transactions The Bellhouse Club is an associated company, established as a commercial trading company to procure profits and gains for the purpose of paying them lo the Charity company. Under the terms of the licence agreement The Bellhouse Club pays a li fee lo Grappenhall Youth and Community Association for the use of the community ntre. The licen fee Charged during the year is £51,00012023 - £48.0001- As 8131 March 2024 £39,033 was owed by The Bellhouse Club lo the GYCA. Page 22