Portlshe4d Youth & Commulllty Celltre Llmlted
Formally Porti5head Youth Centre Limited
Company limited by guarantee
Report and UDaudlted financlAI statements
for the year ended 31Rt December 2023
Comp4ny No. 7588073
Charlty No, 1143238
Brooklng Rust
Chartered AecouDt4ntJ
108 Hlgh Street
Portl$h¢od
North Somerset
BS20 6AJ

Portisbead Youth & Community Celltre Limited
Company limited by guarantee
Colltents
Page
Directors. and trust¢es' report
Independent Examiner's report
Statement of financial activities
Balance sheet
9-10
Notes to the unaudited financial ststements

Portishead Youth & Communlty Centre Limltsd
Company limited by guaranlee
Annual report of the directors alld trustees
The directors and trustees present their report together with the unaudited financial
statements for the year ended 31, December 2023.
The trustees have complied with the duty in Section 17{5) of th¢ 2011 Charities Act to have
du¢ regard to guidance published by the Charity Commission.
The report is prepared in accordance with the small companies r¢gime {Se¢tion 419(2) of the
Companies Act 2006).
AdmlDlstrAtlve d¢t4ils
The company, Portishead Youth & Community Centre Limited. is a company limited by
guarantee number 07588073 and is a registered Gharity, number 1143238.
The company was incorporatcd on l April 2011 and commenced ￿tIvitieS on
I" January 2012.
The registered office and operational address is..
l Harbour Road
Portishead
North Somerset
BS20 7DD
Dlreetor$ltrustees
R.F. Sainsbury (made Honorary President January 2023)
R.T. Amruihur
M.E. Beaumont (resigned 22. May 2023)
G. Bishop
E.J. Blackmore (appointed 28 Au8USt 2023)
D.R. Cook
R.M. Cruse
L.J. Davey (appointed 28 August 2023)
N.J. Holland
C.E. Jones (resigned 22, May 2023)
J. Lord
S.A. Mason (appointed 28 August 2023)
J.W. Power
Z. Priddle (appointed 7 De¢ember 2023)
T.R. Slatt¢r (resigned 7 December 2023)
R. Stickler (appointed 7 December 2023)
S.T. Swift (appointed 28 August 2023)
S.J. Thorn¢ (resigned 22 May 2023)
Reporting Aecoun18nts
Brooking Ruse
Chartered AG¢ountants
108 High Sireet
Portishead
North Somer5¢t
BS20 6AJ
Page I

Portishe4d Youth & Community Centre Limited
CompAny limited by guAralllee
Annual report of the dlreetor8 and truste
..c¢>niiTrued
Purposes #nd aim8
Our Charity's purpose as set out in the objects contained in the company's memorandum
of asso¢iation are for..
The provision of a community centre for young people.
To further or benefit the residents of Portishead and ihe neighbourhood, witltout
distinction of sex, sexual orientation. race or of political, religious or other opinions by
associating together the said residents and the local authorities, voluntary and other
organisations in a common effort to advan¢¢ education and to provid¢ facilities in the
interests of social welfare for re¢￿ation and leisure time o¢¢upalion with Ihe objective
of improving the ¢onditions of life for the residents.
Charity trustee selectlon
Trustees are appointed by Ihe management committee on the understanding that they will
further the purposes and aims of th¢ charity detailed above.
The management committee shall be constituted as follows:
I representative of North Somersel Council
2 representatives of Portishead Town CoLtncil
I represenl&tive of the Gordano School staff
I represenlaliv¢ of Avon & Somerset Constabulary
Up to 10 co-opted from the local ¢ommunily
Achlevements durlng the year
This is the twelfth year of trading and once again it has been a very busy year a5 the Centre
continues to grow and meet chan8in8 needs in the lown following 2 years of Covid
disruption. We have once again managed to all but mitigate 8 large project¢d financial loss
from the beginning of the year. our r¢Alistio budget for Ihe year proj¢¢ted a significanl loss
following high inflation and significant incr¢as¢s in salary and ¢ner8y costs. at the end of the
year we had managed to reduce this loss $ignificanily, as noted in the Treasurer's Report on
pag¢ 5. My thanks to the diligenc¢ and hard work of Kim. Karen and indeed th¢ entire staff
team for delivering $u¢h a strong result under the circum51ances.
Since 1966, Portish¢4d Youth C¢ntre has remained a central hub in the community providin8
invaluable services tr) support children and young people and their parents and care
providers. Driven by the centre's core values of ￿￿oUntabl]Ity, reliability, professionalism.
positivity. respe¢t and ultimately its passion to makc a differenGe and provid¢ a happy and
safe place for all. the centre has grown from strcngth to strength. and has proudly expanded
its 5¢rvices to support more and more groups of people. What started as a'tyouth club" has
transformed into a thriving centre supporting the different needs of ante and post-natal
groups, babie5 (via a creche), toddler and pre-school groups and senior citizens, as well &
continuing to provide a wide range of school-age activitie5 for primary and secondary school
children.
PAge 2

Portishead Youth & Communlty Centre Limitsd
Company limited by guaralltee
Annual report of the dimtors and truylees
..¢otLtln￿d
The centre is thrilled to be abl¢ to offer activities includin8 the Rock Proje¢( music and
recording sessions (making use of its impressive recording studio). street dance, history
groups, prayer meetings and holiday clubs and activities. In addition, the centre's vibrant
seniors group enjoys weekly social meetin8s with a m¢al as well as organised day-trips. The
centre is delighted io work ¢10sely with Gordano S¢hool to run a daily youth hub (situated
at the school) where youn8 people can drop-in for a chat in a safe space. It also works closely
with community police and local shops to provide a proactive oulr¢aGh servi¢e with the aim
of engaging young people out and about in the town. As part of its crucial services. the centre
also provides alternative learning provision to young people who find it difficult to a¢¢ess
school provision, working closely wilh the young person, their school and family.
Undoubtedly, the COVID pandemic changed the needs of the Portishead community and the
centre has continued lo work tirelessly to meet additional needs with regards to food poverty.
support for mental health and reducing loneliness and isolation in adults (youn8 and old)-
The centre recently undertook a review of its provision asking people how its services could
be offered more widely. A central finding was the f&ct that people thou8ht the Qenlre
exclusively provided youth club services and therefore was "noifor ihem" As a result, the
centre has de¢ided to change its name to Portishead Youth & Community Centre, to more
accurately reflect what il otyers to all the people of Portishead. The Ccntre plans to relaunch
its websiie in Spring 2024 with exciting new features including online booking and payment
facilities for all s¢rvices. New signage will also shortly appear on the building.
One thing that will always remain is the centre'$ unstinting commitment to meeting the needs
of the community. its friendly welcome, the highly supportive environment and its wide
range of engaging activities for young and old.
The centre is immensely grateful for the vital donations and 8rant$ it has continued to receive
from variou5 organisations. includin8 Portishead Town Council. the National Lottery and
Portish¢ad Nautical Trust, in Addilion to many other individual and group donations. The
ongoing multi-year support from these three groups in pftrti¢ular really provides the Centre
with a renewed degre¢ of financi81 security moving fonvard. for which we are imm¢nsely
grateful. Despite this generou5 funding, each year remain5 a challenge financially as the
centre seeks to meet the on80ing and varied needs of the community with ￿lf-generat¢d
income.
We are also thankful for a range of fundin8 from QuarteL North Somerset Council and
Portishead Town Council to help us to provide invaluable activities and support across a
range of important areas including Seniors support and holiday activities lo vulnerabl¢
families, among others.
Food related funding was also received from Portishead Town Council, Neighbourly and
Wailros¢ Portishead. Kim Jones in particular worked with the Local Food Bank to help feed
our more vulnerable families. We continue to be grateful to Children in Need and Quart
for their 5UPPOrt with funding for youih mentoring work.
Various applications have be¢n made for grants to support the running of the Centre overall
during 2023 and we are very grateful to everyone for their support. page 14 provides a
complete list of those who have support¢d us.
Pag¢ 3

Portishead Youth & Community Centre Llmlted
Company limited by guarant¢¢
AnnuAI report of the dlreetors and tru$t¢
..continued
W¢ have also been generously supported by lo¢al p¢ople, or8anisvitions And businesses in
the form of donations. These includ¢, but are not limit¢d to-.
Portishead Lions Club Intemational
Portishead Women's Institute
Rea Davies
Frank Derrick
Stuart Griffith$
Doris Stevens
Portishead Worknlens Club BS20 Sports Bar
Diane Goulding
Phoenix Bar
Lidl Neighbourly
Laurie Higbed
Phil Sanders
Sue Stone
Fox Cycling
W¢ continue to be very grateful to the Porti5head Lions Club International. They have
continued to support with odd jobs around the Cenlre,. the Trusl¢es and staff are very grateful.
W¢ were also delighted lo continue playing an a¢tive part in the Portishead in Bloom displays
with the particular support of Adrian and Diane Workman.
Portishead Youth & Community Centre ¢ontinues to be seen by the community as a pla¢¢ of
expertise and safety for engaging children and young people. We continue to work with
Gordano School and others to provide education for s¢hool pupils who struggle to engage
with more traditional approaches of l¢Rrning and our relationship with Gordano is as strong
as ever. Our Alternative Leurnin8 Provision (ALP) is a growing area of support and our
¢xp¢rtise hAS been recognised by being successfully ¢hosen as a Preferred Supplier of ALP
arross Bristol City. South Gloucestershire and North Somerset Councils.
Th¢ Trustees are pleased to r¢port that the day ¢0 day running of the business Gorttinues to be
expertly l¢d by Kim Jones, supported by an excellent and dedicated team. They are the
b￿tIng heart of the C¢ntr¢ and everything you s¢¢ is driven by their hard work and care; w¢
as a Trustee Board are very proud of them.
Policies continue to be revi¢w¢d on a rollin8 basis and thanks must go in particular to Jean
Lord for keeping these updaled.
Thanks also go to David Cook as TreaSU￿r 8nd Chair of the Finance Committee, who will
be sl¢ppin8 down with effect from this AGM, your support and wise counsel over th¢ y¢ars
has been invaluabl¢ and you will be kxnly missed.
Page 4

Port18head Youth & Community Centre Limited
Company limited by guarantee
ADlluAI r¢port ofthe dlreetor8 and trustees
..¢olltuJued
Treasllrer's Report and Reserves Policy
2022 started in a very unclear position, with th¢ likelihood of further covid restrictions,
increasing economic problems and signifi¢ant uncertainty as to how soon and how well the
operation of the Centr¢ would recov¢r. We also slarted 2023 in a very uncertain economi
position. lar8ely due to the position in Ukraine and then Israel/Palestine. wilh increasing
Inte￿St rates and high inflation, which particularly affe¢t¢d salari¢s and energy ¢05ts.
We therefore Started the year with a budgeted deficit of {£89.500) for 2023. subject to
obtaining further grants, on which excellent work was again carried out by Kim and Kar¢n.
In the event, due to the ex¢¢llent work of the staff, very well manag¢d by Kim, with strong
help from Karen on the financial side, against all expectations. we achieved a small deficit
of £9.360. This outcome slighily reduces our total reserves to £177k. leaving us in a strong
position lo face the continuing difficult economic times in 2024, where we are budgeting for
a deficit of £84,000, after known Grants. This will once again be a challenging task as
inflation continues io drive up staffing and energy Costs but we remain positive that we can
achieve ¢ontinued su¢¢ess in attracting grant funding.
The Finance Committee continued to meet quarterly and as n￿essary to review and monitor
the Centre's financial performance.
Many thanks to all ¢oncerned and to our accountants Brookin8 Rus¢ and Co Ltd for their
continued support and advi¢¢.
David Cook
Hon Treasurer May 2024
Reserves Policy
The overall deficit for the year has amounted to {£1,989), including (£9,360) on unrestricled
funds together with a surplus of £7,371 on restricted funds. as slated on page 14 of the
a¢¢ounls. Th¢ unrestricted deficit is in ¢ffect our operational loss for the year. with the
Accumulated restricted surplus awaiting use on specific activities that have yet to be fully
discharged, shown in more detail on page 14.
Th¢ Trustees consider the following provision5 necessary in order to show a true posi¢ion of
the Youth Centre's on80ing working capital. Usin8 the Reserves Policy agreed in 2021 and
updated again in 2023 the allocation of the reserves lo be in¢luded in the annual accounts for
2023 are as follows:
Cov¢r for salaries and running Costs for FOUR months for business continuity in the
event of a cat&strophic loss of income £120,000 (reduced from 6 months to reflect
higher stalfin8 and overhead costs).
Cover for the non-insurable ¢05t of usin8 alternative a¢wmmodation should the
centre building be out of action £10,000.
A fund s¢t aside to cover the future cost of a named project (minibus) £3,000.
Page 5

Portish¢ad Youth & Community Centre Limited
Company limited by guarantee
Annual report of the directors and trustees
conilnued
This makes a total of £133,000 in the designated fund as staled in note I I, page 15. There
is also a sum of £42.350 which is a portion of grants which are evenly spent until the next
instalmenl is due or a new application can be made as slated in note 9. page 13.
Despite the incredible support from our grant funders, we expect that we will need to rely
upon some of our reserves lo continue to operate fully as cosls rise. Energy costs have
increased signifi¢anily, our overhead costs have risen and we have further increased our
staffing costs in 2023. The latter is partly down io adding new roles as we increase our
provision but also to enable us to maintain our posltion as a Living Wage Employer as we
deal with double-digit inllation levels. W¢ will aim to Ininimise the use of our reserves as
much as possible but it does demonstrate the importan¢e of having a sound financial
footing.
This report has been prepared in accordance with the special provisions for small
companies under Part 15 of the Companies Act 2006
This report was approved by the board on I Zkn
by
2024 and signed on its behalf
John W. Power
Dlreetorrrrustee
Page 6

Independent Exftmlnergs R¢port to the Trustees of
Portishead Youth & Community Centre Llmited
Company Ilmlted by guArantee
I report to the charity tsustees on my examination of the ￿COUntS of the company for the
year ended 31, December 2023, which are set out on pages 7 to 14.
Respon$ibilitles and basis of report
As the e}￿lly'S trustees of the company (and also its directors for the purpos¢8 of
company law) you are responsible for the preparation of the a¢¢ounts in accordanG¢ with
the requir¢ment8 of th¢ Companies Act 2006 ('the 2006 Act,).
Havjng s&tisfied myself th&t the ￿COUnts of the company are nol required to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report in
respe¢t of my exajnination of your charity's accounts &8 carried out under s¢ction 145 of
th¢ Cltsrities Act 2011 (the '2011 Act,). In carrying out rlly examination I have
followed th¢ Directions given by th¢ Charity Con)mission under seotion 145(5)(b) of thc
2011 Act,
Independen¢ examiner's report
I have oompleted my examination, I confirni that no matters have ¢ome to my attention
in ¢onnection witb the examination give me cause to believe.. -
l) accounting re¢ord3 were not k¢pt in re8p¢ct of the company as required by 8eotion 386
of the 2006 Act. or
2) the accounts do not accord with those &c¢ounlin8 re¢ords' or
3) the accounts do not comply with the accounting requir¢m¢nts of section 396 of the
2006 act other than gny requiT¢rnent that the accounts give a 'true and fair, view whicb
is not a matter considered as part of an ind¢pendent examination; or
4) the accounts have not been prepared in accordatLce with the methods and principles of
the St&t¢m¢nt of Recommended prnctice for accouating and reporting by charities
[applicabl¢ to charities preparing their accounts in accordance with the Financial
Reporting Standard applieable to tho UK and R¢publi¢ of Ireland (FRS 102)].
I have no Concen￿ and have come aarosg no other matt¢rs In connection with the
examination to which attention should be dravrn in this report in order to enable & proper
understanding of the accounts to be ieached.
Signed: .
Robert D Orr
Brooking Ruse
Chartered Acoountants
108 High Street
PortisheAd
BIUSTOL
BS20 6AJ
Page 7

Portlshead Youth & Community C¢ntr¢ Limited
Company limited by guarantee
Stslement of flnAnclal aetlvltle8 (Ineludlng llleome and expendlture Ydeeount)
for the ye4r ended 31 December 2023
Unrestrlcted Restrlcted
Funds
Funds
Note5
Total
Ineoming resources
237.171
140,468
377,639
Resources expended
246,531
133.097
379.628
Net Incomlng resources
(9,360)
7,371
(1,989)
Reconcillatlon of funds
Funds brou8ht forward
170,662
9,063
179,725
FuDd8 carrled forward
io
161,302
16,434
177,736
The statement of financial activities includes all rewgnised gains and losses for the year. All incomin8
resources expended derive from continuing activities.
The notes on pages 12 to 16 forni integrgl part of these fiDanclAI statements.
Page 8

Portishead Youth & Community Centre Limited
Company limlt¢d by guarantee
Balance Sbeet as at 31Jt December 2023
Notes
2023
2022
Fixed ￿￿e¢S
Tangible assets
6.146
9,906
Current assets
Stocks
D¢btors and prepayments
Cash at bank and in hand
1,453
13,001
234,763
1.055
10.818
218.493
249,217
77,627
230.366
60,547
CredAtors', amounts fallin8 due within one year
et current As$e¢$
171.590
169.819
TotAI assets le8$ current IIAbllltl¢s
177.736
179.725
Net ass¢t$
177,736
179,725
Fund8
Restricted funds
Unrestricted funds
io
ii
16,434
133.000
28.302
9.063
130,000
40,662
Designated
General
177,736
179.725
The directors, statements required by Sections 475{2) and (3) are shown on the followin8 page
which fomis part of this balan¢e sheet.
The llot&8 on pages 12 to 16 forni an integral part of these fln&n¢lal ststements.
Page 9

Porti$h¢ad Voutb & Community Centre Limited
Company limited by guarantee
Balance sheet {eontinued)
Directors, statements required by Sections 475{2) and {3)
for the year ended 31. December 2023
In approving these financial statements as d1￿CtorS of the company we he￿bY ¢onfim)'.
(a) that for the year stated above the coinpany was entitled to the exemption conferred by
Section 477 of the Companies Act 2006;
(b) that no notice has been deposited at the regislered office of the company pursuant to Section
476 requestin8 that an audit be conducted for the year ended 3151 December 2023 and
(c) tht4t we acknowledge our responsibilities for..
ensuring Ihat the coinpany keeps accounting records which comply with Section
386: and
preparing financial statements which give a true and fair view of the state of
affairs of the company as at the end of the finan¢ial year and of ils profit or loss
for ihe year then ended in accordance with the requirements of Seclion 393 and
whiLh othLrwis¢ comply with the provisions of the Companies Act 2006 relating
to financial statements, so far as applicable to the company.
These accounts have been preparcd in accordaiice with Ili¢ special provision5 of tlie Companies Act
2006 applicable to companies %ubject to Ihc small companies regime and in a¢cordanc¢ with
FRS102 SORP.
The financial stalements were approved by Ihe board on l >h
by
2024 and signed on its khalf
John W. Powcr
Directorrrrustee
RegLgtrAtlon number: 07588073
The notes OD p48es 11 to 16 forni integral part of these fin4nelal $tAtements.
Page 10

Portishead Youth & Community Centre Limited
CompAlly limited by guarYdn¢ee
Notes to the unaudlted financial stat¢m¢nts
for the yethr ended 318t December 2023
Accountlng polici
Basts of accouDting
The financial stat¢ments have been pr¢pared in accordance with Accounting and R¢porting
by Charities.. Statement of Recommended Practice applicable to Charities in preparing their
ount in accordance with lh¢ Financial Reportin8 Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)),
the Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102)
and th¢ Companies Act 2006.
12
Fund accountlng
Unrestricled funds are available for us¢ at the discretion of the trust¢¢s in furtherance
of the general objectives of the charity.
Designated funds are unrestricted fvnds ¢arniarked by thc Management Committee for
particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor
or through the terms of an appeal,
Incoming resour¢¢8
All incomin8 resources are included in the statement of financial activities when the charity
is entitled to, and virtually certain to receive, the income and the amount Can be quanlified
with reason8bl¢ accuracy.
Deferred Income
Grant Income received in the year is shown as a liability in the balance sheet. Thi5 IS
dep¢nd¢nt where there is a condition attached to th¢ grant that it must be used in a particular
way as specified by the grant provider otherwise it must be returned.
Rewurces expended
Expenditure is recognised on an ac¢Nals basis as 8 liability is incurred. Expenditure
includes any VAT which cannot be fully r¢cover¢d and is reported as part of the
expenditure to which it relates.
Tanglble fixed A8sets and depreciallon
D¢pr¢¢iation 15 provided at rates Calculated to write off the Gost l¢ss r¢sidual value of each
asset over its expected usethl life, as follows:
Property improvements
Office equipment & furniture
Fixtures. fittin85 & equipment
IOO/& straight lin¢
250/0 reducing balance
25 /0 reducing balance
Stock
Sto¢k is valued at the lower of cost and net realisable value.
Page 11

Portishead Youth & Community Centre Limited
CotnpAny limlted by guaralltee
Plot￿ to the unaudited financial stslements
for the yeAr ended 31 December 2023
..continued
Unre8tri¢t¢d R¢strict¢d
futyd8
filnds
In¢omlng Mources
Total
Grant income
Donations and Fundraising
Food and refreshment income
Room hire
Pre School Activities
Other income
Youth Club activities
Bank int¢r¢st ￿ceIv&bIe
140,468
140.468
8,330
64,808
55.634
29.042
54,962
21.887
2.508
8.330
64.808
55,634
29.042
54,962
21.887
2,508
237,171
140,468
377,639
Unrestrieted Restriel¢d
fullds
funds
Resour¢¢s ¢xp¢nd¢d
TotAI
stsff wsts
Goods purchased for resale
Other direel ¢osts
Premises expenses
Administrative expenses
Depr¢¢iation
185.497
22,937
10.309
17,042
6,786
3,760
104.434
1,113
12.845
5,187
9,518
289.931
24,050
23,354
22,229
16,304
3,760
246,531
133,097
379,628
Net outgoing resources
This is stated after ohargin8'.
D¢pr¢cialion
2023
2022
3,760
4.443
Staff eost$
Wa8¢s and salaries
Social security rosts
Pension costs
Other cxpenscs
266,512
11,754
5,621
6.044
221.099
7,066
4,682
3,539
289,931
236.386
No employee received emoluments of mor¢ than £60,000.
The charity operates the NEST p¢n5ion sch¢m¢ for its ¢mployees.
The av¢rage number of employees during the year was as follows..
Youth workers
Food and refreshment sal¢s
Pre School
Administration and support
No.
19
19
Page 12

Portishead Youth & Community Celllre Limited
Company llmit¢d by guarantee
Not¢$ to ibe unaudlted fjnanclal sl4tements
ror Ihe year ellded 31#t December 2023
Trnstee remuneration and relaled party transACtions
No members of the managemeni committee re￿ived any r¢muneration durin8 the year, nor were
any ¢xpenses reimbursed to trustees.
¢ontinued
Taxation
As a charity, Portishead Youth & Community Centre Limited is exempt from tax on income and
gains falling within sections 466 to 493 Corporation Tax Act 2010 (CTA 2010) or section 256
Taxation of Chargeable Gains Act 1992 (TCGA 1992) to the extent that these are applied to its
haritable objects. No tax ¢harges have Arisen in th¢ charity.
Tangible flxed assets
Fixtur¢8
fiitlllg &
equlpmellt
Property
Improvements
Total
Cost
Ai 31. December 2022
Additions
17,114
45,212
62,326
At 31. December 2023
17,114
45,212
62.326
Depreciation
At 31. December 2022
Charge for the year
15,402
1,712
37,018
2,048
52,420
3,760
At 3191 December 2023
17.114
39.066
56,180
Net book value
At 31* December 2022
1.712
8.194
9,906
Net book value
At 31 December 2023
6.146
6,146
Credltors: amounts falling duc within one ycar
Trade creditors
A¢cruals and deferred incomc..
Ac¢ountants' fees
Other creditors
D¢f¢rred restricted grant income
2023
2022
2.475
6,675
2,340
30.462
42,350
2.220
21,690
29.962
77,627
60,547
Page 13

PortAshead Youth & Community Centre Limlted
Company limited by guarantee
Notes to the unaydited financial stat¢ments
for Ihe year ended 31Jt D¢c¢mber 2023
Unrestricted
Funds
io.
Funds
Restricted
Funds
Total
Funds
Ai I" janu￿ 2023
Surplus for the year
170.662
(9,360)
9,063
7.371
179,725
(1.989)
At 311t December 2023
161,302
16,434
177.736
R¢strieted funds
BAlan
blfwd
In¢oming
Resources
Resources
expellded
Bal*nce
fwd
The Portishead Nautical Trust
Portishe&d Town Council
North Somerset Council - Seniors
North Somerset Coun¢il - Wami
North Som¢rs¢t Council - Mentoring
North Somers¢t Council - Skate
We5POrt-CYP
Reaching Communities
Portishead TC - Breakfast Club
Portishead TC - Creche
Portishead TC - SeniorslTraining
Children in Need
Waitrose- Senior Groups
Waitrose
Neighbourly
Waitrose- Seniors/Pre-School/Youth
Portishead Lions - Holiday Activities
Quartet- Holiday Activities
Quartet - Seniors
Martha's Kitchen
16.666
35,219
1.788
701
4,320
35
1,837
44,179
7,770
1.406
16,666
35,219
1.788
701
4.320
35
1.837
44.179
4,800
1.362
3,016
13,440
315
345
68
3,000
2,970
44
450
3,194
3,466
4,134
315
343
803
12.500
735
3,000
1.500
4.247
5,000
300
140,468
1,500
2,241
5,000
300
16,434
2,006
9.lJ63
133.097
Restricted ￿ndS are to be used only for the following spe¢ifi¢ purposes:
Portishead Town Council
Children in Need
Portishead Lions
Quartet
N¢ighbourly
Martha's Kitchen
Family Breakfast Club, Creche and Trainin8
Youth support & mentoring activities for young people
Holiday Activities
Holiday Activities and Seniors
Food for Vulnerable Families
SEND Families
Pige 14

Porti8he4d Youth & Commulllty Centre Llmlled
Company limited by guar4nlee
Notes to the ullaudited flllan¢iAI statements
for the y￿r ended 31st December 2023
DesigD¥dted funds
BAlaDce
..wntirtued
ii.
Balance
New
Expenditure
Deslgnation
ID Year clf
Business contingency
120.000
120,000
Alternative accommodation
10,000
10,000
Minibu5
3,000
-3,000
130.000
3,000
133,000
Having secured a ncw long-terni leHse with Portishead Town Coun¢il in 2022 and
in light of rising staffing artd overall costs, it was agreed to move the 'Club
refurbishments. reserves to the 'Business ¢ontingcncy' line last year. These costs
continue to be under hug¢ pressure in the light of the continued economi
uncertainty caused by th¢ war in Ukrain¢. the energy crisi5. in¢reasing interest rat¢s
and inflation. As a result, the increased 'Business contin8en¢y' amount of £120,000
now ¢overs 4 months rather than 6 as previously. A small additional reserve of
£3000 for the Minibus fund has been added this year.
12.
Company limlted by guArAntee
The company 1$ limited by guarantee and docs not have share capital.