Porthhead Youth CeDtre Llmlted
CompAny limited by guvanteè
R¢port and unaudited fln4nclAI atat•m•llts
for th¢ y￿r ended 31•t December 2022
CompAny No. 7588073
ChArlty No. 1143238
Brookln¥ Ru$¢
ChArtered Ae¢ount•nts
108 Hlglt Street
Porttshe•d
North Somerset
BS20 6AJ

PortisheAd Youtb Centre Limited
Company limited by guarantee
Contellts
PA8e
Directors, and tswtees, r¢port
Indep¢ndent Examiner's r¢port
Slatsment of financial activities
BA18nce sheet
Nots5 to th¢ unAudited financial staternents
10-14

Porti8head Youth Centre Limited
CompAny limited by guarantse
Annual r¢port of the directors and truste
The directors and trnstees present their report together with the unaudited fmgn¢ial
8tat¢ments for the y¢ar cnded 31. Decemb¢r 2022.
The tnkn have complied Mryth the duty in Section 17{5) of the 2011 Charitie8 Act to
have due Te8ard to guidaDo¢ published by the Charity Commis8iO
The r¢port is prepared in accordanc¢ with thc smau ¢omponies regime (Section 419(2) of
th¢ Companies Act 2006).
Adrnlnijtrative detall8
compw. Portishead Youth Centre Limiled. is a company Ilmited by guarantee
number 07588073 and 18 a regi8tw¢d charlty, number1143238.
The company was incorporated on i* AprAI 2011 and commenced activities on
ill January 2012,
The registered office and operntional &ldress ig:
I HArbour RoAd
Portishe
North Somersot
BS20 7DD
Dir¢etorJltrustse8
M.E. Beaumont
D.R, Cook
ILM. Cn￿e
M.G. Dolton (resigned 28th Ootober 2021)
N.J. Holland
C.E. Jones
M.R. Joncs
J. Lord
J.W. Power
R.F, Sainsbury {rnad¢ Honorary Presidcnl January 2022)
T.R. Slatter
S.J. Thorne
Scoretary
M. E, Beaumont
R¢porthig aeeountallts
Brooking Ru8¢
Chartered Acwuntants
108 High Street
Portishead
North Somerset
BS20 6AJ
Page I

Portl8heAd Youtb Centre Lhnited
Company limited by guarantee
Annual report of the diree¢ors and trustees
coulinuoj
Purpoye8 and alms
Our charity's pwpose8 as set out in the objects contained in the company's memorandum
of association are to:
Benefit tbe public by the proyision of a youth centre. and
The Provision of a community youth centrc to help and educate young people and
children through th¢ir leisure tim¢ activities 80 as to develop their physical, mentsl
and Spiritu￿ ca￿CItieS that they may grow to full matillity as individuals and
menibeTS of society,
ChArlty truotee 8eleetlo
Tru3tc¢s arc appointed by the management committee on the understsnding that they will
fjJrtheT the purposu and ain)s of the charity detailed above.
Thc management Committee $h811 be constituted as follows..
I representative of North Som¢rsel Council
2 repres¢ntative5 of Porti8head Town Council
I representative of the Gordano School staff
I represenlative of Avon & SomeThet Constsbulary
Up to 10 co-opted from the local ¢oJnmunity
Aehlev¢meLts durlng the yt*r
This is the tenth year of trading alld once again it has been & very challenging year with
continued Covid disruptions And uncertainty. all m¢mber8 of our oomtnuuity have brK
affected in some way as had our &bility to fidly reopen for the whole year.
As the county continued to suffer1088 and a continued third lockdown at the start of the
year, the Centre was once again under pressure to ke¢p vital support services open where
possible. Our experience from 2020 stood us in 8ood stead in supportin8 our most
vulnerable in the community and we continued to offer 5UPPOrt where it was PO85ible,
virtually. Once again income from Building Hire, Coffee Bar sales and other activities
genernted on site were lost during that period and many members of the team were
fjjrloughed onc¢ more.
Und¢terred, the team continued to e4)pe admirably with all the uncertainty that ￿talled,
Continuing to win vital grant fjjnding as noted ov¢rleHf. Portishead Tovrn Council 8nd the
Nautic￿ Society have once more been Staunch supportcrs of our work with much needed
continued financial support and we offer huge thanks to both. We were also Successft￿ in
winning a 5-year thnding bid with the National Lottery "Reaohing Communities" through
a huge anjount of hard work from many in the team. notably Kim Jones and Karen Excell.
This fill￿l￿g really provides the Centre with a r¢newed degrrK of fLnancial security
moving forward, for which we are immensely grateful.
Poge 2

Portishead Youth C¢ntre Limlted
Company limited by guArantee
Annuol report of th¢ direetOW8 and trustee
Special grnnts and donations relating to COVID-19 were re¢¢ivcd from..
North Somerset Couneil (Government Schem¢)
Government Furlough Scheme
The Government Furlough Scheme once more made it possible for us to retaiD all our
staff. Wc were in receipt of a fjjrtlier £12,504 during 2021.
Food related funds were also received from.,
Neighbourly
Waitrose Portishead
These funds were for the provision of food, Kim Jon¢8 in partieular worked with the
Local Food Bank to help feed our more wjlnerable familieg.
Variou8 applications have been made for grants to support the running of the C¢ntre
during 2021 and we 4r¢ very grateful to,.
Portishead Town Council
The Portishead Nautical Trust
Children in Need
North Somersct Council
Wesport- CYP
Natiot￿l Lottery-"Rea¢lllng Communities"
Groundwork
W¢ liave dso bcen generously supported by local p¢oplc. or8anis&tions ond businesses in
thc forni of donations. These illclude, but ar¢ not limit￿ to:
Portishead Lions Club Intsrn&tionAI
Legal and General
Co-op Community Fund
Gordano Valley Church
Ayiva Community Fund
Ros Cruse
Anna Clarke
Charles River
Stuart Griffith8
Portishead L&dies Bowling Club
Phil Sanders
Mike Jones
Karen Excell
Jenlla Clare
Page 3

Portlsheld Youth C¢ntre Llmited
Company limAted by guarantee
Annual report of the directors and trustees
..contlthufyl
Wc ¢ontinu¢ to be very grateful to th¢ Portisbead Lions Club International. Following on
from the immense amount of support provided to us in 2020 when Covid first strnck. they
have continued to support with odd jobs aroulld the Centre: tbe Trustees and stsff are very
grat¢fid.
In De¢ember 2013 a ten-ye8r lease WRS signed wlth Portishe&d Town Council giving the
Centre & secure home. Portishead Youth Centre Portishead itself has a building to be
proud of, we have b¢com¢ 'Yhe place" to hold parties and events. Wo have b¢¢n able to
slowLy return to thes¢ activities and more in 2021, with safety and security of our staff and
Centre u8ers poramount. It ha8 been a wonderful siglLt, seeing aod hearing so many people
enjoying tILe Centre once more - moth¢r8 And babies/toddl¢rs. young peopl¢ forniing new
r¢lationships, street dan¢e practice, music making in the reeording S￿dI0, faith groups
meeting in quiet contemplation and our senior citizens catching up OV¢T lunch and oth¢r
planned &otiviti¢s. The Centre has gone from strength to Btrength And is &5 busy as it has
ever been: under the leadership of Kim and the oversight of the Board of Trustees. th¢
Centre has a 3-y¢ar plan in place which guides our current and future planned activities,
Portishead Youth Centre is seen by the community as a place of expertise and safety for
engaging childi¢n alld young people. We are doing more work with Gordano School and
othcr5 to provide edu¢ation for school pupils who strnggle to ¢ll8￿e with more traditional
approaches of learning and our relationship with Gordano is ￿ stron8 as ever with popular
Youth Hub session8 81 the sohool being moved to larger premises due to its popularity.
The Tn￿tee8 ar¢ plcascd to report thai thc day to day runnin8 of th¢ busitLCSS continues to
be expertly l¢d by Kim Jones, Supported by an excellent and dedi¢ated tcAm. They are the
beAling heart of the Centre and everything you see is driven by their imagination and care.
Policies continuc to be reviewed on A rolling basis And thanks must 80 in particular to Jeall
Lord and M8rk Beaumont for keeping these updated. especially the constantly ch8nging
Covid 8uidance.
Our ¢ontinued success has been made possible by the relentless 8UPPOrt and work by the
Trusl¢¢s and the Centre's staff wbo continue to be open to new chailengeg, innovative in
their delivery 4nd loyal to the Centre ar4d a]1 who mAke use of it. My h¢artfelt thanks to
you all.
2021 will also be marked as the year that Ros Cruse decided to step down as Ch&ir of
Tn￿tee8, after 15 year8 l¢ading the mallagement Committee in its various guises pre- and
post-North Somerset furLdin8. Ros has lived And breathed Porti5hcad Youth Centre for
many Ye￿ and it 18 down to her detetmination, drive and will to win that YOU 8¢e the
Portisbe&d Youth Centre that exist today. Thank you Ros, you are a bard a¢t to follow and
l apprcciate all of your wise counsel.
Thanks also go to Mark B¢aumont who has served 48 Secretary And Vice Chair (the latter
since May). Mike Jones as Treasurer. David Cook &$ Chair of the Finance Committee,
Suzanne Thorne as Chair of the Stoffmg Committee and Tanya Slatter &8 Cbair of the
newly fotmed Planning & Outcomes Committee, created to provide support and oversight
for our 3-yew planning activity And related social impact assessment work.
Page 4

Portishead Youth Centre Litllited
Company limited by guarantee
AnnuAI report of the directon and tru8te
..eontinu
Reserv
The surplus for the year has amounted to £13.986 on unrestrtcted fimds and a defi¢it of
£16,503 on ￿strIcted fund8 &4 stated on page 13 of the accounts, The unrestricted $UTpIus
totalling £13,986 was helped by & success￿1 insurance claim of £12,127 (for business
intemiption due to Covid in 2020), over £12,500 of Government firlough support and
£16.097 Covid suppoit from North SomeTret. Th¢ restrict¢d deficit of £16.503 relates to
grants reo¢ived in 2020 in respcct of 2021 fimding.
The Trust¢cs considcr the following provisions necessary in ordtt to show a ttue position
of the Youth Centre's ongoing working capital. Usin8 the Reserves Policy agre¢d in 2021
the allocation of the Teserves to be illcluded in the anllual ac¢ounts for 2020 as follows..
Cover for salaries and running costs for Six months foT busine&8 continuity in the
event of a catasts'ophi¢ loss of income £90,000.
Cover for the non-insurable cost of usin8 alternative accommodation should the
c¢ntre building be out of action £10,000.
A fftulative 8Um to cover any refurbishment required at the end of the lease
£30.000.
This makes a totsl of £L30,000 in the designated fund ￿ statsa in note I Ip page 14. There
Js also a sum of £51,728 whi¢h is a portion of grants wbich are evenly spent until the next
insts]mellt is due or a n¢w application can be made as slated in note 9J pa8e 12.
Despite the in¢redible support from our grant fijnders and the hope of 8 full yegr of trddin8
in 2022, we expect that we will need to rely upon 80m¢ of our reserv¢s to continue to
operate fidly 85 costs ri8e. Energy and cleaning costs have increased, our maintenance
bud8et h88 risen and we have in¢r¢ased our 8tsffin8 costs in 2022. The latter is partly
down to adding new roles as we increase our provision but also to enable w to become a
Living Wage Employer, something we Are very proud to have achieved. Wc will aim to
Mini￿Se the use of our reserves as much a8 PO88ible but it does demonstrate th¢
importance of having a sound financial footing.
This Tep)rt has been prep￿￿ in aC￿rdance with the 8￿ClaI provisions for small
companies un(kr Part 15 of the Companies Act 2006
rt W88 approved by the board on '2Zd
re
2023 8nd signed on its behalf
John W. Power
D1rectorfTn￿te0
Page S

Independent ExaminerlB Report to the Tru&tetJ of
Porti8head Youtb Centre Limit¢d
Company limited by gu4rAntee
I report lo the charity trustees on my examination of the a￿Ount8 of the company for the
year ended 31" DeceEnber 2022, which are set out on pag¢8 7 to 14.
Re8ponslblllti¢4 And baJl8 of r¢port
As the cbarity's trust¢¢s of the company (and also rts dir￿torS for the purposes of
conlpany law) you are responsible for the preparation of the ￿Oll￿ts in awordAneR with
the r¢quiTemcnts of the Companies Aot 2006 ('the 2006 Act.).
Having satisfied myself that the accounts of the company not required to be &udited
utth Part 16 of the 2006 Act and are eligible for independ¢nt cxamittation, I report in
respect of my examination of your charity's ac4ounts as carried out und¢r 8￿tion 145 of
the Charities Act 2011 (the '2011 Act,). In carrying out my exam1t￿tion I have
followed the Dir￿tionS gtven by th¢ Clwity Cotomi8sion under Seetion 145(5)(b) of the
2011 Act.
Independent eJaminer'8 report
I have completed my examinatioL I confirm that no mattcrs have come to my attention
in connection with the examination give me cause to beli¢ve: .
l) accounting records were not kept in respect of the company as required by section 386
of the 2006 Act; or
2) the Acwunts do not accord with th08e accounting r¢cords; or
3) the ￿CoUnt8 do not comply with the ￿CoUntIng requirements of s¢Gtion 396 of the
2006 aot other th8n any requirernent that the accounts give &'tru¢ and fair, view which
18 not a matter considered as part of an independ¢nt ¢xamin&tion" QT
4) the accounts hav¢ not ￿ell propared in accordance with th¢ methods and principles of
the Statement of Re¢ommcndcd practic¢ for accounting And Teporting by charities
[appli¢&ble to charities prepating their acci>unts iu accordance with thc Financial
Reportin8 Standard applicable to the UK And Republi¢ of IreLalld (FRS 102)],
I hav¢ no concerns and have come across no other matters in corjnection with the
examination to which attention Should be drawn in this report in order to enabl¢ a proper
understanding of the accounts to be r￿hed.
Signed..
Robert D Orr
Brooking Ruse
CRwtered Accountants
108 High Street
Portishead
BIUSTOL
BS20 6AJ
Date.,
Page 6

Portkshead Youth C¢ntre Limited
CompAny limited by guarantee
ststement of finAncl&l aetlvltfies (including income ALd expenditsre aeeount)
for the year ended 3181 December 2022
Ullrestrleled Restricted
FuDdJ
Funds
Note4
Total
Ineomfillg resour¢
222,048
134,524
356,572
Resources expended
199,964
129,459
329,423
Net Inco]lllllg re8our¢
22,084
5,065
27,149
Reeonclli4tion of funds
Funds brought forward
148,578
3,998
152,576
Funds eArritsd forn*rd
io
170,662
9,063
179,725
TIL¢ statement of fman¢ial activities includes aIl recognised gatn5 and losses for the year. All incon)ing
resources expended derive frorn continuing Activities.
The notss on pages 10 to 14 forni on Sntegrol part of these financial statements.
Page 7

Portishead Youth Centre Limited
Company ]Imlted by guar4ntee
Balance Sheet as at 31tst D¢cember 2022
Not
2022
2021
Fixed Assets
Tangible &gsets
9,906
14,349
Current A88ets
1,055
10.818
218,493
861
5117
214,901
Debtors Bnd prepayments
Cash at bAnk And ill hand
230,366
60,547
220,879
82,652
Creditors.. amounts f￿liti8 due wltbin one ye8r
Net eurront assetj
169.819
138,227
Total aliets l*Ji ¢yrr¢nt IIAbllld¢J
179,725
152,576
Net a8Jets
179,725
152,576
Fund
Restricted fimds
Unrestricted fiJnd8 - Designated
- Oenerai
io
li
9,063
130,000
40.662
3,998
130,OOQ
18,578
179,725
152,576
The directors. statements required by Sections 475(2) and (3) are shown on the following page
which fornls part of this balance sheet.
The llotr8 Oll Pog¢8 10 to 14 form an Integral pArt of th48e finAnel&l 8tstem¢Mts.
Page 8

Portishead Youth Centre Limited
Compgny limited by guarante¢
Bal4nce sheet (conthiued)
Dire¢tor8' StAtements requir¢d by Sectlons 475(2) 4nd (3)
for éhe year ended 314t D￿ember 2022
tn approving th¢5¢ financial statements as directOTS of the company we h¢reby confitm..
(a) that for the year Stated above the company w48 entitled to the ex¢mption confetted by
Section 477 of the Companies Act 2006.
(b) that no notice has beell deposited at ttLe registered office of the compauy pursuant to Section
476 requesting that an audit b¢ oonducted for th¢ y¢ar etmled 31# D¢c¢mb¢r 2022 and
(c) the4t we aoknowled8c our responsibilities for:
(i)
eD3uring thAt th¢ company kccps &ccounting r¢cords wbich comply with Section
386; and
(ll)
prcpariDg financial statements which give R tn￿ and fAir view of the slate of
affairs of the company &8 at th¢ #nd of the financial year and of ils profit or loss
for the year then ended in &￿Idance with the requir¢ments of Section 393 8nd
which otherwi8e comply with thc provisions of the Companies Act 2006 relatin8
to finRncial statements, so far as applicable to the company.
These Accounts have Ixen prepared in accordon¢e with the special provisions of the Companies ACA
2006 applicable lo companies subject to th¢ sm811 oompAnie$ reBime and in accordance with
FRS102 SORP,
The financial stat¢m¢nts were approved by the b08rd on 22d
by
2023 and signed on its behalf
John W. Power
Dlr¢ctornru8tee
Registration number: 07588073
The llotey oll PAI￿ 10 to 14 form An Inte¥ral part of theBe fJnaDelai stAtements.
Page 9

Porti8head Yoxth Centre Limited
Company Ilmked by guarAntee
Note8 to tbe unaudited finan¢i41 stAtements
for the year end¢d 3151 Decemb¢r 2022
Accountlng PDllcles
1,1 BASIS of Aeeounting
The fU￿]cIal statements have been prepaT¢d in ac¢ordaDc£ with A¢Lx)unting 8nd
Reporting by Chariti¢s', Statement of Recommended Practice applicable to clwtties in
preparing their account itt accordanc¢ with the Financial R¢porting Standard applicable in
the UK and Republic of Ireland (FRS 102) (effective l January 2015)- (Charities SOR
(FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of
Ir¢land (FRS 102) and th¢ Compaui¢s Act 2006.
1.2 Fund aC￿ll￿thig
Unrestricted fimds are availabl¢ for use at the diseTetion of the ffi￿teeS in furtherance
of the general obje¢tivc8 of the charity.
Designated fijnds are unr¢stri¢t¢d fijnds eamirted by the Management Committee
for partieular puryoses.
Restrictsd funds are subjectod to restridions on their exp¢nditurc imposed by thc
donor or through thc tcrnls of all &ppe81.
1.3 Incomlng re4oureeJ
All incoming resou￿￿3 are included in the statsment of finanelal activities when the
Charity is entitled to, and virtually ccrtain to receive, the income and the amount can be
quanlified with reasonable accuraoy.
1.4 Deferred Ineome
Grant Inwme received in the year is shown as a liability iti th¢ balance sheet, ThÉs is
dependent where thero 18 a condition attached to the Brant that il must be used in a
particular way as specifLcd by thc grant provid¢r Otherwi￿ it must b¢ returned.
R￿OurC￿ upended
Bxpenditure is recognised on an a¢¢n￿lS ba8is &3 a liability is incutTed. Expenditur¢
includes any VAT which 0￿M0t be fiilly recovered and is reported ￿ part of the
expenditura to which it relates.
Tanglble fixed *J8ets and depreclAtlon
Depreciation is provided at rats8 ujculated to write off the co311¢83 residual value of
each &qset over its ¢xpect¢d usefid life, a8 follows.,
Property Amprovements
IO% straight line
Office equipment & furniture
250/0 reducing balance
Fixtures, fittings & equipment
250/0 Tedu¢ing balance
S¢o¢k
Stock 18 valued at th¢ lower of ￿st and net realisable value.
Page I

Portishead Youth Celltre Limited
Company Mmited by guarantee
Notes to the unaudited fmancial Statements
for the year ended 3151 December 2022
Ullrestri¢ted Rutrlcted
funds
fund8
Ineorning r¢80urce
Tolal
Grant income
Donations and Fundrntsin8
Food aud refreshmenl income
Room hire
Pre School Activities
Other income
Youth Club activities
Bank interest receivable
134,524
134,524
10.287
53,902
51,551
31.561
60,618
13,227
902
10,287
53.902
51.551
31,561
60,618
13,227
902
222,048
134,524
356,572
Unrestrlcted Re8trleted
funds
funds
Re8ource8 expendtd
Total
Staff costs
Goods puroha5ed for r¢sale
Other direct costs
mises expcnsos
Administrative ¢XP¢D8es
Depreciation
131,085
18,286
19,845
16,465
9,840
4,443
105,301
199
11,659
6,800
5,500
236,386
18,485
31,504
23,265
15,340
4,443
199,964
129.459
329,423
Net outgolng re8oureeo
Thi8 18 stP41ed aft¢r oharging:
Depreciation
2022
2021
4,443
5,354
S¢4ff eoits
Wage5 and salaries
Social 8e¢utity costs
Pension costs
Other expenses
221,099
7,066
4,682
3,539
169,147
5,173
3.773
2,133
236,386
180,226
No employ¢e received emoluments of more than £60.000.
The charity operates th¢ NEST pension scheme for its employees.
The averag¢ number of employees during the year was 8s follows.,
Youth workers
Food ond refreshment sales
Pre School
Administration and 5UPPOrt
io
19
22
Page 11

Portishead Youth Centre Limited
CompAny limited by gu&r4ntee
Notes to the ung4udited financial statements
for the ye&r ended 31ts1 Decemb¢r 2022
Trustee remunerntlon and relAttd party tran8aedon*
No members of the monagement committee received any remuneration during the y¢ar, nor weTe
any expens¢s reimbursed to tru8tces.
ntinued
Tasation
As a charity. Portishead Youth Centre Limited is exempt from tax on incoJn¢ and gaiD8 falling
within sections 466 to 493 Coryoration Tax Act 2010 (CTA 2010) OT section 256 Taxation of
Ch8rgeable Gains Act 1992 (TCGA 1992) to the extent that these ar¢ applied to its dwitsbl¢
objects. No tsx Ghar8es have oris¢n in the chArAty,
Tangible rued #Ba¢ts
Fixtures
fittlng &
equlpment
Property
Improvements
Total
Cost
At 31° December 2021
Additions
17,114
45,212
62J26
At 31. December 2022
17,114
45,212
62,326
Depr¢cialioD
At 31. December 2021
Ch8rg¢ for the year
13,691
1,711
34,286
2,732
47,977
4,443
At 31. December 2022
15,402
37,018
52,420
N¢t book valu¢
At 31. December 2021
3,423
10.926
14,349
Net book value
At 31, December 2022
1,712
8,194
9.906
Credlton.. amounts falling du¢ wlthin one year
Trade creditors
Accruals and d¢f￿r¢d inco￿.
Accountants, fees
Other creditors
Defett¢d restricted grBnt incom¢
2022
2021
6,675
5,903
2,220
21,690
29,962
2.100
22,921
51,728
60,547
82,652
Page 12

PortiBb¢#d Youth C¢ntr¢ Limited
Company limited by guargntee
Not&J to the unaudited financial statements
for the yeAr ended 311t December 2022
Unre8trA¢tsd
Funds
10. Funds
ReJtrl¢ted
Funds
Total
FuDdg
At I" J&nuary 2022
Surplus for the year
148,578
22,084
3.998
5,065
152,576
27,149
At 3]￿ December 2022
170.662
9,063
179,725
Restricttd fund8
Balance
blfwd
Incomlng
R¢sourees
Re8ourceJ
expended
BAl4nce
clfwd
The Portishelld Nautical Tn￿t
Portishe&d Town Council
North Sojnerset CouThcil- (Covid)
Nortb Somersct Council- Holiday
North Somerset Coun¢ii- SeniorB
North Somer3et Council- Warm
North Som¢rset COu￿11- Sk&ts
Groundwork- Street Dance
We3port- CYP
R￿hing Commutsities
Portish¢&d tn Bloom
Portish¢ad Town Council - Seniors
WBRN
Childten in Need
Waitrose- ScDior (Iroups
Waitrose
Neighbourly
Portishead Arts
Farrow
Jerjna Clare
20,000
35,418
2,667
[2,285
3,212
30
325
1,000
1,321
40.000
loo
3,466
1,700
10,500
1,000
20,000
35.418
2,667
12,285
3212
30
325
1,000
1,321
40,000
100
3,466
1,700
8,047
685
360
1,094
841
294
80
129,459
1,681
4,134
315
345
803
705
397
841
294
80
3,998
1,500
134,524
9,063
Ra5tii¢ted fi￿dS are to be used only for the following specifi¢ PUTpose8:
Children in N¢¢d
Youth Bupport & mentoring activiti¢s for young Fople
Waitro
Food for NTrthier&ble families
Neighbourly
Food for vulneTable families
Portishead Arts
Skate board equipment
Max Fattow
Gamin8 equipment
Jemm Clare
LOTB resou￿¢9
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PortRshead Youth Centre Limlted
Comp¥ny limited by gllaTantte
Notes to the un4udAted fillanciAI statements
for the y￿r ended 31èt December 2022
Bal#nee
contiDued
11. Designated funds
EXpendI￿re
Sn Year
B&lanet
blf
Deyignation
Club refurbishment
Bu8incss Gontingency
Alt¢rnativ¢ accommodation
30,000
90,000
10,000
30,000
90.000
10,000
130.000
130,000
The designated fimds are xt aside for futur¢ ¢xperLditure by Portish¢ad Youth Centre. These ftre
considerable in the light of the ourrenl economic uncer￿nty Caused by the Covid-19 PaDdcmic,
the War in Ukrain¢. the Energy Crisis. Increasing Intcr¢st Rates and Infiation.
Thc fi8ll￿s in the p)licy to b¢.. Cover for 8aknieslruDning costs for 6 months in ¢a8e of loss of
inconw £120,000.
Cover for non-insurable costs of alternative ￿CoMmOdation if building out of action £10,000,
Th¢ portion remaining of oxistin8 grants is the a¢¢ounts figure- provision￿Y £39,024.
Cumulative Fund to covor any end-of-Ica8¢ Tefitybishment £0 (given that th¢1¢88e h88 just been
r¢newed)
A fund to cov¢r the cost of a nam¢d project None.
12.
CompADy Ilmlted by guarante
Th¢ company is limited by guarantee and does not have sb8re capitsl.
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