Portish¢%d Yonth & Community Centr¢ Limited Formalty Porti8beAd Youth C¢Dtre Liwited Company limited by 8uaraDtte Report and unaudited financial 8tstemeDts for tb¢ year ended 311t Dec¢mber 2024 Company No. 7588073 Charlty No. 1143238 Brook Ruze Ch2rttTed AccouDtaDts 108 High Street Portsghe8d North Somtrset 20 6AJ
Porti3head Youth & Community C¢ntre Limited Company limAt¢d by gugrantee CoDt¢nts PAge Independent ExamineT'S report Statcment of fu1claI activities B8lattc¢ sheet 9-10 Notes to the unaudited finanGiaJ StateMts 11-16
Portisheid Youth & Community Centre Liwited Company ]imit¢d by guarantee AnDual report of the directors xnd trwtee8 The directors and ttustees present their re[rt together with the unaudited fuwiaial statettLents for the yeaT ended 31 Desxmber 2024. The trustees have complied with the duty in Section 17(5) of the 2011 ChaTities Ad to have due regard to guidance publisbed by the Charity Commission. The Teport is preped in accordance with the small compani¢s regime (Section 419(2) of the Companies Act 2006). Administratlve details The company. Portishe&d Youth & ConunuDity Centre Limitsl is V4 company limited by guarantee number 07588073 and is a wistered cbarkty, nuDJber 1143238. The ci)mpany was iDcoryJoreted on l Apiil 2011 and commenrxd activitie5 on 1° January 2012. The registercd office and operational addrc3S is.. l Harbour Road Portishead North Somer8et BS20 7DD Dtrectorsltru8t¢es R.F. Sainsbury (made Honorary Prcsident Jaauary 2023) IL T. Amruthur G. Bishop E.J. Blackmore D.R. Cook (resi8n¢d May 2024) R.M. Crnse L.J. Davey N.J. Holland J. Lord S.A, Mason J.W. Power Z. Priddle Sticklcr S.T. Swift K. Moody (from septnber 2024) K, Wilatsd (from July 2024) Reporting aeeountants Brooking Ruse Chartered Accoutttants 108 High Street , Portishead North Somer5et BS20 6AJ Pag¢ I
Portishead Youtb & CommuDity Centre Limited Company limited by guarAntse Annug41 report of the director8 and trusteea . Pury0S and Aims Our charity's Putpose as set out in the objects tsIned in the company's memorandum of association are for.. The provision of a mmunity Centre for young people. To fillther or benefit the residents of Portisbead and the neighbourbood. without distinction of s¢K sexual ori¢ntation, race or of political, religious or other opinions by &ssociating together the said residents aDd tbe lo1 autborities. voluntary and other or8aDisations in a common effort to advance education and to provide facilitics in the intetcsts of social welf8re for recreation and leisure time ¢)ccupation with the objective of improving the conditions of life for the residents. Ch*rity trustee 8elertioD Tn]gtees 8re appointed by the manRg¢ment committee on the undetsding that they will fiuthcr the purposes and aims of the ckwity detsiled above. The matW8em¢nt committee shall be constituted as follows; l Tepresentative of North Som¢rset Council 2 representatives of PortisheAd Town Council I representative of the Gordano School staff I representativ¢ of Avon & Somerset Constabulary Up to 10 COvoM¢d from the local commwjity A¢hlevemeThts during the year This 18 the thirte¢nth year of trading attd once again it has been a very busy year os the Centre ontinue5 to grow and meet ¢ver-incre8sin8 Deeds in the town. Vlbilst Covid is a distant memory for sorne, for many it continues to impact youn8 lives in porticul8r, at & time where the provision of mentoring and youth 3¢rvi 18 8rowin8 financially tougher year by year. We began 2024 with a l8rge, prediGted deficit, driven18rg¢ly by two yeats of double-digit inflation impacting wages and energy costs in partiwiar. Unlike many commercial businesses, it is impossible to pas5 on the fJJll imp&ct of these ri8ing costs without sigwficantly impacting the ability for thoge vkno need our support th¢ most from ssIng our r¥ICe3, GraDt Ojnding is bxoming more and mor¢ comwitive, egpcoially for the larger, multi-year funds that are so desired. Despite all of this, we managed to mitigate the18rge projected loss through sensible cost ontrol and some successfijl gtant bids. Totsi losses for the year amounted to £14,526, cornpad to a budgeted loss of £84.000. My thanks to the diligence and hard work of Kim, Katen and indeed the entire staff team for delivering such a strong result UDder the CiT¢uD, parti¢ularly when you consider that youth work attendance was once again up 6.50/0 year on year. The of the Centr¢ are ¢temaily grateful for th¢ hard worL CODunitment and drive that the team b& Page2
Portishead Youth & Community C¢ntre Limited Company lijnlted by guxralltse Annugl report of the directors and trusleeg ...ntinU&1 once &g&in shown in delivcrin8 such a bighly regarded community seryice under such pressure. Since 1966. Portishead Youth Centre has remained a centr81 hub in the community providing invaluable scrvicas to support children and youDg pwile and their parents and care providers. Driven by the ccntre's core values of accountability. reliability. professioDalism, positivity. respect and til]lY its passion to mak¢ a differetw¢ and provide a happy And safe pl&ce for all. the centr¢ has grown frorn strength to str¢n8th, and has proudly expanded its services to support more and more gTOUPS of people. What started as a 'tyouth club" bas trallsforn]ed into a thriving centre supporting the different needs of ADtC and post-natal group4 babies (via a ethe), toddler and pre- 5th001 groups and senior citizens. as well continiJin8 to provide a wRde range of school-age activities for primory and Sndary school Childre The centre is tluilled to be able to offer activities including the Rock Pr()jecL music and recording Se10nS (making us¢ of its impressive recording Srudio), slTeet dance, history groups, prayer meetings and holiday clubs and activities. IrL addition, thc witre's vibrant Seniors group enjoys weekly social me¢tin85 with a me81 &8 well as organiscd day-trips. The centre is delighted to work closely with Gordano SGhool to a d9ily youth hub (Sittled at the xhool) where youn8 people c4n dropin for a chat in A saf¢ spa¢e. As part of its crucial services, the centre also provides altemative learning provision to young Feople who find it dlfficult to access school provisio woikiti8 closely with the young perso their school and family, Undoubtedly, the COVID pandemic changed the needs of the Portithead community and the centre has continued to Work tirelessly to ZDeet additional need8 with Tegards to food Verty. support for mentsl health and reducin8 lonelin¢s3 and isolation in adults (young and old). The c¢ntre renamed As the Porti3head Youth & Community Centre, to more aLYurat¢ly reflect what it offers to all the people of Portishead and relaunohcd its website with new features including online booking and paynTrnt facilities. New signage also appeared on the building. One thing that will always remain 18 the centre'5 UnStititiD8 ¢ommitm¢llt to meeting th¢ needs of th¢ mtnunity, its friendly wel¢ome. the highly supportiv¢ environm¢nt 8rAd its wide range of engaging aGtivitie8 for young and ol The ¢¢ntre 18 imm¢n8¢ly gratem for the vAtsI donations and ortts it has conlinued to reoeiye from various Oan1tionS, Ancluthg Portishead Town Council. the National Lottery. Children in Need and Portisb¢ad Nwtical Trust, in llddition lo many other individual and group donations. The ongoing multi-year yupport from these four groups in particular really provides the Centre with a renewed degree of fuwwial security rnovin8 forward, for which we arc inuneDsely gral¢ful. Despite this gcncrous fijnding, caGh year remains a ch]enge financially as the centre Ck5 to meet the ongoing 8nd Vled needs of the comtnunity with self-generated income. We also thanknll for a range of funding from North Somerset Council, Neighbourly, Qu8rteL National Youth Agency, Rotary. Ironmongers Company and Warburtons to help us to provide invaluable activities and support acro&8 a rauge of import8nt areas including Seni¢)r5 SUPPOrt gnd holiday activitiag to vulnerable f8milies, among othets. Food rdated funding w8s also receival from Portisbead Town Council, Neighbourly and Waitrose Portishead. Kim Jones in particular worked with the Local Food Bank to help feed our more vuLnerable Page 3
Portishead Youtb & CommuDfity Centre Limited CiJmpaDy limited by guarantse report of the dfireetors ind trustett ... farllilies. We continue to b¢ gratefill to Cblldren in Need and North soMe¢t Council for their suwort with fimding for youth mentoring work Various appli¢ations have been made for grnnts to supprt the n]tining of the Centre overall during 2024 and we are very gratefi to ¢veryone for their support: phge 14 provid&8 8 complete list of th08e who have supported us. We have $0 F*en generously supported by local people, organisations and bu3in¢s3es in the fonn of doDations. These include, but arc not limited to: Portishead Lions Club Int¢rnJtional Charities Tnt D I Scott- Toy Sale J Fowler Astron Fire and Surity Redcliff¢ Bay M¢thodi8t Church Phoenix Bar MSaret Prince Stuart Swift Phil Sanders Portishead Senior Citi7 Supper We ¢ontinue to be very gr81cfjJl to the Portishead Lions Club International. They have continued to 3UPPOrt with odd jobs around the Centre; the Tne¢S and staff are very grnt¢ful. We wcre also delighted to continuc playiD8 an active part ill th¢ Portishead in Bloom displays with the particular support of Adriaa and Diane Worktnan. Portishead Youth and Community Centre confinu¢s to be seen by th¢ wmmunity as a pla of expertise and safety for engaging ehiidren and YOUD8 people. We ntInUe to work with GordAllO School and others to provide education for school pupils wbo struggle to engage with more traditional approaches of learniDg and our relationship with GordaDo is a5 strong &$ ever. The Trusteu pleased to report that the day to day nmning of the business ntinU to b¢ exwtly l¢d by Kim Jones, supported by an excellent and dedicated team. They are the beating heart of the Centrc and eVrI you see is driven by th¢ir l]atd work ond ¢8re' we a5 & Tntstee Board are very proud of them. My thanks to th¢ Trustee team for its support tbrough another difficult year. tbis AGM will maTk my fourth and final y¢ar as Chair I look to pass the baton to someone new to l¢&d the next period. It has Erten a privilege to represent the Centr¢ and to help shape it and the Trustee B08rd in some small way. I look forward to ntInUe supporting the new Chair and Board. Policies ¢ontinue to be rcviewed on a rolliti8 basis and thath Mst go in Particul to Jean Lord for k¢ying these update¢ as well 88 her diligence and support in acting as Treasurer foLlowin8 David Cooks's resignation at the last Afjm. Jean will herself retiTe this ye8r' my sincerest thanks for her incredible 3UPPQrt and wise counsel to myself. the Trustee Board and the staff team over the decade or MO that Jean has Ecen involv¢d in the running of the Centre. She be keenly missed. Page 4
Portiihead Youth & Community Centre Limitsd Company IijDited by guarnt¢e Annual report of the directors nd trnsttt8 ...]nUts1 Treasurer's Report and Reserves Policy The national aud internaliojwl situations continued to advers¢ly affect the Centr¢ throughout 2024. The w¥£ in Ukraine, the ISvG coDfii¢t and then the un8¢tt1I pron)is¢s from the ch¢ of 1¢8dership in USA mv4y seem far away from this single enterise in Portishead. However. these events affect our fmancial position through our c4)sts (salarAes, energy, pur¢h&Ys etc) and incon (competition for grants. ability of users to pay iticreas¢d charges etc). Though the figures that the Chairman has quoted for the end of 2024 arc better than we had projectr¢ thc outlook for 2025 is more difficult than we ld envisaged. As a service provider. our staffing costs are a huge part of our outgoings so the incTe8se in National Inswancc Tates. and in th¢ minimum wage will hit us hard. As & result the Trustees aed in late November to issue no bonus payments to any member staff at the end of 2024. and to P03tpone any salary in¢rease8 to ApIil 2025, inst¢ad of January. This is seen as the first step to maknng dccision5 in 2025 vrill make our fuwiciai position more secure, while continutDg to provide a high level of s¢rvicz to the Portish¢ad Community. The Finance Committe¢ Continue to m¢¢t least quart¢Tly to ftview and monitor the updated fJn8ncial perforniance thToughout the year and ally other matters arising. The members Teview tbe figures with gr¢at diligence and d¢serve the thanks of anyone reading this report. We are also sratebjl for the support 8nd advice of our accountts Brnoknn8 Ruse and Co Ltd. Jean Lord Temporary Hon Treasurer May lo D¢¢anbw 2024 Reserves Policy The Thist¢es consider the following provisions neKess8ry in order to Show a tNe PK)Sition of the Youih and Community Centre's ongoing working capitsl. Usin8 the RescrYvJ Policy agreed in 2021 and updated again in 2024 the allocation of the reserves to be included in the aDnual accounts for 2024 are as follows: Cover for Salaries and runni for up to 4 months to allow ¢ontinuity of provision vthile restructuring in the event of a cata8trophic108s of income: up to £120,000 Cover for the non.insurabl¢ ¢osts of using ter[tiVe aCMmodatiOn should the Ccntre building Ee out of action: £10,000 A fjjnd set asid¢ to cover the future c03t of a named projrt A mittibus: £3,000 This makes a totsl of £133,000 in the designated fimd u Stat in note 11, page 15. There is 80 a sum of approximately £40.045 which is a portion of grants v4hich aTC ¢venly spent until thc n¢xt instalment 18 due or a new application e4n be made as stated in note 9, pa8c 13. Despitr the inGT¢dibl¢ 8UPPOrt from our grant fimdets. w¢ expect tllat we will n¢ed to rely un some of our T¢S¢rves to continue to operate fully as costs rlse. Energy ¢0sts havc increased significanlly. our overhead costs have risen and we have fitrther incr¢ed our staffing costs in 2024. The latter is to enable us to mailltsin our position a5 4 Living Wage Employer Ls we continue to deal with salary intiation. We will aim Page 5
Portlsbead Youth & Communtty Centre LiDLited Company limited by guAfAllt¢¢ Annual report of the directors 7lDd truytees to J)]initwe the u8e of our serveS as n)u¢h possible but it does demonstrats the importgnce of having a sound fjnancial footing. Thi5 report has been ppared in accordance with the special provis PBrt 15 of the Companies Act 2006 ns for 5m&ll companies und¢r ort was approved by the knard on Iz& M 202 igned on its bchalf by John W. Power Direettsrllrustee Page 6
Independent Ex*mfiller'8 Report to Ibe Trustee8 of Portishead Youth & Community Centre Limited CoDJP8ny limited by guArantsÈ I Teport to the ¢lwity trustees on my examinatson of the accounts of tbc company for the yeaT ended 31° De£ember 2024. which ate set out on pages 7 to 14. R¢8ponsibilities and bAsis of r¢port As th¢ tharity's trustees of the conipany (and also its directr for the purposes of ¢ompany law) you ar¢ spOnsIble for t preparation of the accounts in accord8nce with the requirements of th¢ Comp8nies Act 2006 ('the 2006 Act,). Having satisfied myself that the accoullts of the company arc not rcquiT¢d to be audited under Part 16 of the 2006 Act and are eligible for independent exaMItio I report in re4)ect of my examination of your chaTity's accounts as carried out under wtion 145 of the ChaTiti¢s Act 2011 (the '2011 Act,). In carying out my examination I havc followed the Directions given by the Charity Commiwon uth section 145(5)(b) of thc 2011 Act. IndependtDt examiner's report I have Completed my exAmillation. I cojjfllm that no matters hav¢ con to my att¢ntion in connertion with the ex8miDation give me cause to believe.. - l) accounting records were not k¢pt in of the company as requireA by section 386 of the 2006 Act. or 2) the accounts do not a¢cord with tlkose accountin8 records. or 3) the accounts do not comply with the oUnting requirements of section 396 of the 2006 act other than any reqUIellt that the a¢)Unts give a 'trne and fair, view l¢b is not a matter considercd as part of an indepcndeni or 4) the nIS have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by chariti [applicable to clwities preparing their accounts in ordanCe with the Financial Reporting Standard applicable to the UK ond Republic of Ireland (FRS 102)]. I have no con¢¢rns and have ¢ome a¢ross no other mattets in eojjnection with the examin&tion to which attention should be drnwn iti this report iti order to enable a proper uuderst4lldLn8 of the a¢¢ouDts to be Itled. Siglled.. Robert D Off Brooking Ruse Chartered Accountsnts 108 Hi&b Street Portishead ÈRJSTOL BS20 6AJ P4g¢ 7
Portishead Youth & Commullity Centre Limited Company limited by gNarAntee ststement of fmancial actiyitiu (iDeludiDg in¢ome and txpendlture account) for the year ended 314t Dec¢mb¢r 2024 UDrestricted Re8trict¢d Funds Funds Note4 Totil Incoming re80ur¢¢s 304,710 145,617 450227 R¢source8 expended 323,798 141,055 464.853 Net Ineomlng resourceJ (19.088) 4.562 (14,526) Reconciliation of funds Funds brought fOr1d 161.302 16,434 177,736 Funds ¢arrled fornard io 142,214 20,996 163210 The statement of financi activities includes all reeognised gains and 10$5es for the year. All in¢i)ming resour¢¢8 ¢xFnded derive from continuin8 activities. The notes on p*g¢J 12 to 16 forni iDtegrAI part of th¢8e fjnancial statements. Page 8
Portishead Youth & Commwiity CeDtre Limited Company limited by guaraDtee Bal4nee Sheet as At 31 Dec¢mber 2024 Notes 2024 2023 Flxed asset8 Tangible &qsets 7.673 6,146 Currtnt 8sets Stock5 Debtors and prepayments Cash at bank and in Iwid 1,413 12,153 214,356 1,453 13.001 234.763 227,922 72,385 249217 77.627 Creditors.. amounts falling due within onc year Net eurrenl 4saets 155,537 171,590 Total AS8¢ts les8 eurrent libiliiieJ 163,210 177,736 Net aJsets 163.210 177,736 Funds Restricted funds Unrc5tricted funds - Designated - General io li 20.996 133,000 9,214 16,434 133,000 28,302 163.210 177,736 Th¢ directors, statem¢nts required by Sections 475(2) 8nd (3) are Sho on the following page which forn p8rt of this balance 3beet. The Dotes on pages 12 to J6 form #n intsgNI prt of thue flnancil $tat¢m¢nts. Page 9
Porttshegd Youth & Community Centre Limited Company limited by guarAntee Balgnce sheet (tontlnued) Dire¢tors' ststemeDts required by Sections 475(2) and (3) for the year ended 311t De¢ember 2024 Tn 8PPToving these finan¢i81 stat¢ments as directi)rs of the company w¢ her¢by confim].' (a) that for thc year st&ted abo th¢ company entitled to the exemption cOnfe¢d by S¢dion 477 of the Companies Act 2006; (b) that no notice has be¢n deposited at the register¢d offi¢e of the company pursuant to Se¢tion 476 requesti that an audit be conduGted for th¢ year ¢nded 31 December 2023 and (c) that we athiowledBe our resp)nsibiliti¢$ for: (i) ¢Dsuring that the company ke¢ps [OrdS vthich comply with Section (li) preparing financi81 slatements which give a true and fair view of the slat¢ of affair5 of the company as at the end of the financi81 year and of its profit or loss ftir th¢ year then ended in a¢cord8nce with the requirements of Section 393 and vthich otherwise comply with the provisi0Trs of the Companies A¢t 2006 relattng to fllwicial st&tements, 80 far as applicable to the company, These a¢¢ounts hav¢ been prepared in a[dance with spe¢ial prnvisions of the Compani¢$ Act 2006 applicabl¢ to Companies subject to the srn ¢omp&ni¢8 regime in 8ccordAnLY with FRS102 SORP. The financial statements w¢re Approved by th¢ boATd on12 202 d signed on its beh8lf John W. Power Dlrectorrrrustse Regtstr*tion number: 07588073 The notes on pages 12 to 16 forni #n in¢¢gral part of the5¢ financial Ststements. P2ge 111
Portishead Youth & Community Centre Limlted Compny limited by guArantee Notes to the unaudited finan¢ial ststements for the year ended 3111 December 2023 A¢¢ounting poli¢1 1.1 Basis of ¢counting The financi stf4tenwits have b¢¢D prcp&Ted in accord8nce with Accounting and Reporting by clwlti.' Stst¢ttLent of Recomniended Pradice applicable to charities in prcpaTing their account in rdance with the Financial RepJrtinB Standard applicable in the UK atLd Republic of Ireland (FRS 102) (effective l January 2015)- (CharitÉes SORP (FRS 102)), the Fit)aDCl ReFKJrting St8ndard applicable in the UK and Republic of Ireland {FRS 102) and the Companies A¢t 2006. 1.2 FuDd accounting Unrestricted fiu]ds are available for u8e at the di3cretion of the truths in fillt1ce of the general objectives of the charity. De8ign&ted fiJnd$ are unrestri¢ted fillth earmarked by the MgnMgcm¢nt Conunittee for particui8r purposes. Restricted fim& are subjethed to Teytriction5 on thcir expenditure imposed by the donor or through the tern)s of an appeal. 1.3 1n¢omiDg ruources All incoming resources are included in the statcment of financial &ctivitie8 when the Charity is entitled to. and virtually certain to receive, the i)Me and the amount can be quantified with rea30nable accuracy. 1.4 D¢ferred ID¢ome Grant Income Teceiv¢d in th¢ year is shown a5 a liability in the balance gheeL This is depcnd¢nt wh¢re there is a wndition tth¢a to th¢ grant that it mwt be used in particulaT way as specified by the provider otheThvi8e it must be rettllued. 1.5 Resource8 expended Expenditurc is regnI on an accruals blS as a li&bility is incurred. ExpenditUTe include3 any VAT which CAllnot be fully rewvered and is rcported part of the expenditure to vknich it relate5. 1.6 Tangible fixed *sgets and depreciation Depreciation is PTovided at r&tes CcUlated to wrile off th¢ cost less residual valu¢ of each asset over its expected usefid life, as follows.. Propety improvements IOQ/o Strgt linc Office equipment & fillnityre 25Q/• reduGing balance Fixtures, fittings & equipment 25% r¢ducin8 ba18nce Stoek Stock 18 valued at the Iow¢T of cost and net re81isable value. Pagell
Portilhead Youth & Community Centre Llmited Comp¥ny limited by guarantee Notes to the unAudit¢d fin1ncl ststsments for the year ended 31# December 2024 ntiowd Unrestri¢ted Re8trieted fuDds Incoming re8our¢es Total Grant income Donations and Futkdwing Food and refrthcnt income Room hire Pre School AeAivAtie8 Oth¢r income Youth Club &otivitiay Bank interest receivable 145,617 145,617 9,075 83,579 57,832 24,388 98,197 26,683 4,956 9.075 83.579 57.832 24.388 98.197 26,683 4,956 304,710 145,617 450,327 Unrestricted Restri¢t¢d fund8 fuDdJ Resour¢rA expend¢d TolAI Staff costs Goo&3 puwhAsed for r¢Se Other direct costs Premises expenscs Administrativc ¢xpen8es Depreciation 245278 26.120 6,381 28233 16.010 1,776 115,382 1,292 15.005 5,896 3,480 360,660 27,412 21.386 34,129 19,490 1,776 323,798 141,055 464,853 2024 2023 Net outgoing resources Thi3 is stated after chgr8in8: Depr¢eiatiOD 1,776 3.760 Staff costs WA8¢3 and ¥alArie8 Social security cos18 Pengion costs Other expewes 332,868 16,083 7,915 3,793 266,512 11.754 5,621 360.659 289,931 No employee Teceived emoluments of more than £60,000. The charity operntes the NEST pellsion scheme for its employees. The ttverage number of employe¢8 during th¢ year was &8 follows: Youth Workers Food and refreshment Sales Pre School Administration 8nd sUprt 22 19 Page 12
Portishead Yomth & Community Centre Limited Company limit¢d by guarantee Notes to the uDaMdAted financial st*tements for the year ended 31st December 2024 TTUStee remuneration and related party traD3ic¢lons No members of the management committee reccivgj any remuneration during the ye4T, nor were Taxation As a clwity, Portisbead Youth & Conunwlity Centr¢ Limited is exempt from tsx on incom¢ and gains falling within se¢tioDs 466 to 493 Corp)rnlion Tax Act 2010 (CTA 2010) or section 256 Taxation of Chgrge&ble Gains Act I9 (TCGA 1992) to the extent that these arc applied io its charitable objects. No tax char8vJ have arisen in the clwity. Tanglble fixed Assets Fixturets flttlng & equipment Property Improvements Total Coyt At 31° Dnir 2023 Additi0Th8 17,114 2.154 45,212 1,149 63.326 3,303 At 31° December 2024 19.268 46,361 65,629 Depreelado Ai 31" December 2023 Charge for the year 17,114 144 39,066 1,632 56,180 1,776 At 3111 Deoemb¢r 2024 17258 40,698 57,756 Net book vAIu¢ At 31. December 21r23 6.146 6,146 Net book value At 31" Decenlber 2024 2.010 5,663 7,673 Creditors: amounts fallin8 due witbin one year Trade creditors A¢18 and defetred income: Accountants, fees Other creditors Defetted Tcstsicted grnnt incom¢ 2024 2023 3.109 2.475 2,400 26,831 40,045 2,340 30,462 42,350 72.385 77,627 Page 13
Porti8head Youth & Community C¢ntre Limited Company limited by guarnntse Notss to the unaudited financi ststemeDts for the year ended 3111 December 2024 Uurestri¢ted FuTrds 10. Funds R&4trl¢ted Fund$ Totsl Funds At 1° Jarluary 2024 Surplus for the year 161.302 (19,088) 16.434 4,562 177,736 (14,526) At 311¢ D¢c¢mber 2024 142,214 20,996 163.210 Restrieted fuuds B*l•Dct blfwd Incozning Resource8 Resour¢¢s expended BalAnce fwd Th¢ Portishead Nautical Tnjst Porti$he&d Town Council North Somerset Council- Wann North Somerset Coun¢il- MentlD8 We3POrt- CYP North Somerset Council- UKSPF Reaching CommuDities Portishead TC- Breakfast Club Portishead TC- Creche P¢)rtishead TC- Seniorsrrr4inin8 Childrcn in Need Neighbourly Portishead Lions- Holiday A)vItie? Quartct- Holiday Artivities Quartet. Seniors Martha's Kitchen National Youth A8cncy- Trivc Groundworkrresco Rotary- Friday Night dmp in Ironmonger8 Company Warburtons- Multi Gentional 11,666 36.983 820 7,547 1,249 7,366 42J79 5,940 4219 11.666 36.983 820 7.547 1,249 7,366 42,379 5,940 2,750 450 5,277 1.015 1.500 2.241 5,000 700 1,200 2970 2970 1,513 450 3,194 73S 7,500 510 5,417 230 2241 5,000 300 400 1200 500 1.000 6.338 500 436 5,763 564 575 16,434 145,617 141,055 20,996 Restricted Ojnds are to used only for the following spccific puryoseg: Portishe&d Tovrn Council Family Br¢akfast Club, Crech¢ and Training Children in Need Youth support & mentoring activities for young people Portishead Lions Holid&y Activities Qugrtet Holiday Activtti&8 and S¢ni¢)r8 Neighbourly Food for Vulnerable Families and SpoTts EAuipment M&rth&'s Kitch¢n SEND Famili Nalionai Youth AgenGy Thiive project '. Grourndworkrresco DaDce Rotary Youtb Activities Ironmongers Company Friday Fun and Tralti0]L% Warburtons youth/Pre.l0o1 and Seniors Page 14
Porti8head Youth & Community Centre LiLnited Company limited by gllarnnt¢e Notes to the Unaudited finall¢i%l 8talements for the year ended 3111 D¢¢ember 21)24 B#lAD blf 11. Deslgnat¢d fwid8 xpeDdilllr¢ An Year BAlan¢e elf Designation Business contingerlcy AlteLDative accommodlon Minibus 120,000 10,000 120,000 10,000 3,000 133,0 133,000 Having secur¢d a n¢w long-temi le with Portishead Town Council in 2022 and in light of rising statTg and overall costs, it was agreed to move the 'Club r¢furbishments' reserves to the 'Busin¢ss ContingeY' line18St yeaT. These costs continue to be undeT huge pressure in the light of the continued economic uncertainty caused by the war in Ukrnine. the en¢rgy crisis, iDcreasing interest rates aThd infiation. As & result, tbc increased 'Busine5s )ntIgencY. amount of £120.000 now verS 4 months rather than 6 as previously. A SDtsII additional rescrye of £3000 for tILe Minibus fimd has been added this year. 12. Company limlted by guarantee The company is limited by guarantee 8nd doe5 not have sbare capitsl. Page IS