Th¢ Under 17 Car Club Charitabl¢ Trust Registered Cliarity Limited By Guaratee REPORT AND FINANCIAL STATEMENTS for the Year Ended 30 November 2023 Ch&rity Number 1144948 Company Number 7847436
The Under 17 C¥r Club Charitable Trust Registered Ch4rTty Limited by Guarantee Report of the Trustees for the year ended 30 November 2023 The TNstee5 are pleased to present their annual Direetor5' Report iog¢ther wÈth th¢ financial S¢atem¢nts of the charity for the year ended 30 November 2023. which are also prepared to meet the requirem¢nts for a Directorg, Report and accounts for Companies Act putposes. The financial 5tstements comply with the Charities Act 201 I, the Companies Act 2006, the Memorandum and ArtÉcles of Association and Accounting and Reporting by Charities.. Siaiement of Recommended Practice applicable to charili¢s PTeparing th¢ir a¢eounts in a¢cordanc¢ wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102}. Chair's Report The Chair is pl¢a5¢d io deliver this report and to make the following observations on behalf of the Trustees. Firstly, w¢ thank all ovr M¢mb¢rs, Associates, Volunteers. Marshals. Instructors. Pathfinder Students. Trustees and external supporters of the Charity for th¢ir ¢ontinuing and unstinting work towards fulfilling the Charity's aim5 despite the challeiiges of the aftertnath of Covid19 and the increasing costs of living. Our Work would be impossible without this willing and unselfisli support. OUT sincere thatjks should also be expressed to the.. Gloucestershire Police and Crime Cornmi5sioner Gloucestershire Police West Mercia Police and Crime Commissioner West Mercia Police IAMRoadsmart and their local Advanced Driver Groups 2Tr Gloucest¢rshire, Worce$t¢rsl)ir¢, Shropshir¢ and Yorkshire Herefordshire and Worcestershire Fire and Rescue Service Gloucestershire Fire and Rescue Service Shropshire Fire and Rescue Service Safer Roads Humber Staffordshire SafeT Roads Partn¢rship' DHL,. University College London, Jntelligent Mobility Laboratory. and The British Amy. for their continuing engagement and support. A5 3 r¢5uIt of the pandemic. we ci)niinue to operate enl)anced safe working practices for all attendees at our events, which includes maintainiE)g th¢ availability of PPE supplies for our officials and volunteers. and the use of an automated, non-contact signing-in process. To enable the Charity to continue its work and to provide bursari¢s, Surplus fvnds hav¢ been transferred from its tradimg subsidiaries. The challenge of finding suitable and affordabl¢ location5 in which to run our ¢vents continues to be demanding due to commercial pressures and restrictions, especially on tnilitary est4blishTnent5 In these uncertain time5. Th¢ Charity's collaboration an7ngement with University College London IUCL) to explore how young drivers manag¢ high- risk driving scenarios has continued. This joint research &nd educational projeci, that started in 2022, has enabled the UCL team to create Virtual Reality scenarios. which have been integrated into the mobile ssmulaior of their Intellig¢nt Mobility lab. Th¢ simulator continues to be deployed to both Car Club and Pathfinder ¢venis, witlt structured and practicol pr¢-licence novice driver developmeni training sessions. to collect and analyse data {from eye tracking and input devite$) froTn yoyng driver5 including the simulated impaimient effects through beer and drug goggles. Over 300 panicipants have already take part In the reSeah sludy and this will be extended during 2024.
The UThdeT 17 Car Club Charitlble Trust Registered Chrity Lirnited by Guarantee Trustees, Report for Ébe Year Ended 30 Novernber 2023 - continued Our surveys of past Pathfinder tdentS and Car Club members now cover young drivers from over 25 years (the participants in the first survey sn 2006 reached back as far a5 1995) and reinfo¢ our ¢ont¢ntton that carefully d¢sign¢d and delivered pre- li¢ence driver education delivers substantial b¢nefits. The aggr¢gat¢ r¢portable collision rate of gur students is l in 19 {a¢ros5 all surveys) which compares very favourably with their peEr5 who, on statistics, continu¢ to experience a rdt¢ of l in 4.5. With over 1,800 students now having taking part, we can a5Strt that Pathfinder alone ha5 saved around 276 reportabl¢ Ilisions since its commencement in 2008. At an average cost of around £150,000 (all tollisions, all severities) that 15 a saving of about £41 million pounds delivered from a volunteer run programtne. The project would not be possible without th¢ ngoing practical and fEnan¢ial suppon we receive fvom public bodies, support which means no child has ever been refvsed a place on Pathfind¢r, r¢gardl¢ss of their Circumstsnces. The Charity ha5 again ¢xhibited at thc Road Safety GB National Conference and also again at First Car's Young Driver Focus at the RAC Club in Pall Mall. We will continue to invest in extending awareness of what we do whilst raising our visibility to Government, public and road saftty bodies and to th¢ geneydl pub5ic. Paul Silverwood, Chair of Trustees Our Purpo$u #nd Attiviti¢$ The Charity's objectives and principal a¢tiviti¢s are restri¢ied to the Promotion of road Safety for the benefrt of the public and, in particular, young peopl¢. Fundints comes from member subscriptions, donations, charitable gifts and grants. Public Benefit The Trustees have continued working with th¢ community through the use of safer driving initlalives for young ople. Th¢ Trusiees confirm thai ihey have complied with their duties under settion 17(5} of the 2011 Charity A¢t with r¢gard to public benefit. Particular actions this year include.. Provision of 36 events by The Under 17 Car Club Limited to arouTJd 247 participaling drivers, an improvemenl of 3 events with slightly fewer memb¢r$ ov¢r 2022.. Provision of nine 'Paihfinder' Cours¢s with 5tydellt$ drawn primarily from Glou¢est¢rshire, Herefordshire, ShTopshire, Worcestershire and Yorkshire with 250 students of whom 95Q/ received a bursary from the PCCS or the Trust with around IOO/o receiving their place at no cost. Loan vehicles were made available to participants to ¢nhan¢e leaming and associate supporters were provided io a number of students,. Fully funded by the Ti'usi, a further 100 adentI 2ttend¢d s¢hool ¢vents at Sl)ireland Coll¢giate Acad¢my in Smethwick. 50 at Brooks Academy in Romford 8]id a frth¢r 20 at Prism Youth project, Bradford, which delivered the ¢lassr4)om elements of Pathfinder along with practical experience of simulated driving while impasred through alcohol or drugs,. Provision of bursaries totalling £8.685 10 students who would otherwise be unable to tsk¢ advantage of the road safrty ¢ducation we provide; Provision of 48 places on skid pan coutses and 36 places on First Responder First Aid courses subsidised by th¢ Continued collaboration with IAMR02dsmart from whi¢h Some shar¢d activity has been undertaken to jointly further our individual and collective charitable objectiv¢s, including the expansion of our Pathfinder Programme to accommodate increasing numbers of students.
The Under 17 C8r Club CharitAble Tru$t Reglstered Chttrlty Limited by Guarkntee Trnstees. Report for the Year Ended 30 November 2023- Continued This year we were again able to hold our annual charity fundrdi5ing ev¢nt for the Teenage Cancer TTUSt, the charity ¢h05¢n by our Driving Mernbers. and we donated £17,085 to TCT in 2023, taking our overall total tts almost £122,000 since 2013. The work of the Trust was further ¢nhan(ed in 2023 through the extensive involvement of DHL who provided insights to the safety around articulate4 heavy goods vehicle5 at 6 events and by the Intelligent Mobility Lab at University College London. We wer¢ also illvit¢d to DHL'5 Driver of the Year event where we were able io bring the work of the Trust to the attention of all iheir attendees as well as provide demonstration drsv¢s by our past students and in5tTUCtors. We were also presented with a donaiion of £1,000 from DHL for th¢ Tnjst. A¢hieverneNt5 4nd Perforrnance The Trust has oonlinu¢d to deliver pre-licence training events wilh improvement in all areas - 2.840 aitendances (down by 19 on 20221 and 1,120 instru¢tion S¢SSiOTlS (up by 56 on 2022) at The Under 17 Car Club and 1.250 attendances at PAthfinder Events lup by 186 on 2022) and around 2.840 instruciion sessions, including the school eyents, delivered (up by 612 on 2022). The following parties have 811 fornially engaged in sUPPOrting the work of the Trust.. Glottcestershire CoNstabulary Th¢ Office of the Police and Crime Commissioner for Glou¢esiershiTe The Gloucestershire and Worcester Groups of IAMRoadsmart Gloucestershire Fire and Rescu¢ Service York Advanced Motorists The Office of th¢ W¢5t Mercia Police and Crime Commissioner West Mercia Poliee Force Warwickshire Police Force Herefordshire and wo¢$ter5hlre Fire and Rescue Service Shropshire Fire and Rescue Service. The British Am)y. Bovington, South Cern¢y & Lyneham Staffordshire Safer Road5 Partnership Wiltshire Coll5tabulary IAMRoadsmart Hereford & Worce5t¢r Fire & Rescue Service Shropshire Fire & R¢scu¢ Seryice Waitroseljohn L¢wis Partnership Logistics DHL. The Trustees a¢knowl¢dge the assistance given to the Charity by the many volunteers who assist in the organisation of activiti¢s. Fin%N¢ial Revie The attached financial statements show the current state of the finances. The company had nel incoming resources during the year of £68,478. The company's revenve general fund balance is a balallce of £90,994 at 30 Novernber 2023 {2022.. £78,692). The company's Surplus for the year totalled £12,302 {2022'. Deficit1£9.383)}. The Chariry wholly owns two subsidiari¢s whose trading Tesults are shown on page 13 note 8 to these account5, along with a non-trading subsidiary. The Board of Trustees considers the current stsie of ihe ¢ompany's finCeS to be sound.
The Under 17 Car Club Ch8rit4ble TTUSt Reglstered Charity Limited by Guarantee Trustees, Report for the Y¢*r Ended 30 November 2023 - continued It is the policy of the Trustees to build up and maintain unresiricted reserves of at lea$t £35,000. P heF li i5 th¢ intenlion of the Trustees to continue io maintain and develop the work of both ihe Under 17 Car Club Limited and U17 Drivers Pathfinder Limited. Reference and Administralive Information CHARITY NAME: The Under 17 Car Club Charitable Thst TRUSTEES OF THE CHARITY WHO ALSO SIT ON THE BOARD OF GOVERNORS AND ARE DIRECTORS OF THE COMPANY.. Paul Silven¥ood Christopher Singer John Beckford Anthony Charsley Philip Hagen Andr¢w Ross Thom&5 Silverwo¢MI Dougla5 Kettl¢well SECRETARY: Anthony Charsl¢y REGJSTERED OFFICE: Cliffe Hill House 22-26 Nottingham Road Slapleford Nottingham NG9 8AA REGISTERED COMPANY NUMBER: 7847436 (England & Wales) REGISTERED CHARITY NUMBER: 1144948 INDEPENDENT EXAMINER: Mr A Butterfield ACA Haines Watts Chartered Accountants Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA BANKERS: Nat West PIC 75 Main Str¢¢t Bulw¢ll Nottinghatn NG6 8EW SOLICITORS: Lester Aldridge LLP Russell House Oxford Road Bournemouth B48 8EX
The Under 17 Car Club Charitable Trust Registered Charity Limited by Guarantee TrMst¢es' Report for the Year Et)ded 30 November 2023- Co11lled Strnetsre, Governanee and M4n8gem¢nt Governin Document The organisation is 3 charitable company limited by guarantee, not having a share capital and haying obtained exemption to dispense with the word limited as part of tlie Company name. The company was incorpoTated on 14 November 2011. registered as a charity on 6 December 201 l and commenced ils Charitable activÉti¢s on 13 April 2012. The company was established under a Memorandurn of A5S9Clation whi¢h ¢stablished th¢ obj¢¢tiv¢s and powers of the charitable company and is governed under its Articles of A550ciatiOT). In th¢ event of lh¢ wmpany b¢ing wound up. members are required to contribute an amount noi exceeding £10. anisati The Under 17 Car Club Charitable Trust has a board of eight Trusiees. They meet on a regular basis to review current issue5 and at th¢s¢ Tneetings decisions concerning the Junning of the Charity are made. A full record of all meetings is kepi. The Trust is sole shareholder of.. The Under 17 C#r Club Limited U17 Drivers Pathfinder Ltd The Under 17 Car Club Lirnited has ar* Operating Committee elected by Driving Members. The Chair of the Committee is also a Trustee, Ihree Trustees are directors of U17 Drivers Pathfinder Limited. These appointments ensure continuity of governance. Recruitment and A Th¢ direetor5 of t]ie company are also charity trustees for the purposes of Charity Law and under the company's Articles are known a5 members of th¢ management Comrnittee. Under the requirements of the Memorandum and Articles of Association the members of tlie manage¥nent cgtnmittee are elected to 5erv¢ initially for ope year aft¢r which they must all be re-elecled at the Annual General Meeting. At each subsequent Annual General Meeting on¢ fifth of the dtr¢ctors or, if the numb¢r is not five or a multiple of five, the number nearest to one-fEfth tnu5t r¢tire from office. Trustee T All TnJstee5 have prof¢55ional, business and corporate backgrounds that have made ihem familiar with the duties and obligations of company directors. All have received an introduction to the specific responsibilities of Charity Tmstees. elattd Pa The Undcr 17 Car Club Charitable Trust is a charitable company set up to support the work of its irading companies known as The Under 17 Car Club Ltd and Ul 7 Drivers Pathfinder Ltd of which it owns the whole of the share capiial. Risk Mana emeni The Trustees h&ve examined the major strategic, business and op¢ratiOTtal TlSks whi¢h ihe charity face5 and confirni that Systems have been established to enable regular reports to be produced so that the nec¢s$ary steps can be taken ¢0 l¢ssen these T15ks.
The Under 17 Car Club Chirilible TrM$t Registered Charity Lirnited by Guarantee Trustees, Report for the YeAr Ended 30 Novernber 2023- eoDtinued Re5 onsibiliti s of th¢ Tru$t¢e5 Company Law requires the management committee to prepare financial siatements for each financial year which 8Lve a true and fair view of lh¢ stste of the affairs of the charitable Company as at the Balance Sheet date and of its intorning resources and application of resources, including income and expenditure for the firtancial year. In preparing those financial statements, the management committee should follow best Practice and.. Sel¢ct 5Ultable a¢counting policie5 and then apply ihern consistently: Make judgem¢nts and estimates that are reasonable and prudent., and Prepare the financial statements on the going concern basis unless It is inappropriate to assume that the company will continue on that basis. The management committee 1$ responsible for maintaining proper accounting records which disclose with reasonable accuracy at any lime the financsal positiOlI of the charitable company and to enable them to ensure tl?at ihe financial statements comply Wilh the Companies Act 2006. The managemeT>t committee is also responsible for safeguarding the assets of the charitable ompany and hence for taking reasonable steps for ihe prevtntiom and det¢ction of fraud and other irregularities. M¢mb¢rs of the management committee, who are direciors for the pOSe of Company Law and trustees for th¢ purpose of Charity Law, who served during the year and up to the date of this report are set out on page 4. M¢mb¢rs of the charilable company guarantee to contribute an amount not ex¢eeding £10 to the as$¢(s of th¢ ¢haritabl¢ company in the event of winding up. The totsl number of su¢h gtjarantees at 30 November 2023 was 812022.. 8). This report has been prepared in accordanc¢ with the Statement of R0mended Practice. Accounting and Reporting by Charities and in accordance with the Special Provisions of Part IS of th¢ Cornpani¢s Act 2006 latIng Lo small ¢ntitie5. On behalf of the Board of Trustees Signature................. Trustee and Di of the Company .(A Char51ey) Dat¢d..... I? CF 2d.Lk..................
The Undtr 17 CAr Club Charitable Trust Registered Charity Limlted by Guarantee Ind¢pendent Examiner's Report to the Trustees of The Under 17 Car Club Charltable Trust I report on the charity trust¢es on my exarnination of the accounts of the company for the year ended 30 November 2023. Re5pon5ibÉlities gnd B8515 of Report As the charity'5 trustees of th¢ Company (and a150 its direclors for the purpose of company law) you are responsible for the preparntion of the accounts in accordance with the requirements of the Companies Act 2006 ('th¢ 2006 Act,). Having satisfied myself thai the accounÈs of the Company are not r¢4uircd to be audited under Part 16 of the 2006 Act and are eligible for independeni examination, I report respect of my exainination of your charity's accounts as Carried out under section 145 of the Charities Act 2011 {'the 201 l Act,). In carrying out my ¢xaminatlgn I have followed the dsrection5 given by the Charity Commission under section 14515Xb) of the 201 l Act. Independent Examiner's Statement I have completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause to believe... l) Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or 21 The accounts do not accord with those records. or 3) Tlie aOuntS do not comply with ihe accouniing requirements of section 396 of the 2006 Act other than any r¢quir¢m¢nts that the accounts give a'tjue and fair view, which is not a matter considered as part of an independent exarnination- or 41 The aLtoui)ts have not been pr¢pared in accordance with the methods and principles of ihe Siatement of r¢commended Practi¢¢ for accountiTig and repoiting by charities (applicable to charities preparing their accounts in a¢cordatJ¢¢ with lh¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)). I h3v¢ no con¢¢m5 and have come across no other matters in connection wirh the examinaiion to which attention should be drnwn ill this r¢port in order to enable a proper understanding of the accounts to be reached. Dat¢d ..L7.1.o%./..&oL¥.. MrA erfield ACA Chartered Accountant Haines Watts Chartered Ac¢ountants Cliff¢ Hill Hous¢ 22-26 Nottinghatn Road Stapleford Nottingham NG9 8AA
The Under 17 C¥4r Club Charitable Trust Reglstered Charity Llmited by Guarantee stst¢ment of Financial Aetivltles (Ineluding Ineome and Expenditure Aeeount) for the Year Ended 30 November 2023 otes Total Unrestricted Fuiids 2023 Total Unrestricted Funds 2022 INCOME Incoming Resources Fund Raising and Memb¢r5' Events 13,319 9,282 Charitable Activities 55,159 24,901 TOTAL INCOME EXPENDITURE Expeftditure on Charitable 1]vItieS 36.496 29,260 Support costs 14.306 TOTAL EXPENDITURE NET INCOMINGI(OUTGOING) RESOURCES FOR THE FINANCIAL YEAR 12,302 {9.383) TOTAL FUIYDS BROUGHT FORWARD 01.12.22 78,692 88,075 TOTAL FUNDS CARRIED FORWARD (UNRESTRICTED) 90,994 £ 78,692 The stateiJerÉl of financial activities includes all lMS and losses im the year. All intOTning re50urc¢s and r¢souw¢s expended d¢rive frorn continuing activities.
The Under 17 Car Club Ch4Titsble TTll$t Reglstered Charity Limited by Guarantee Bal4n¢e Sheet as at 30 November 2023 2022 FIXED ASSETS: Tangibl¢ Assets Investrn¢t in subsidiary 5,307 100 2.168 100 CURRENT ASSETS: Cash at bank and in hand tkbtor Pr¢payment 53.614 31,696 76,249 835 86,247 77.084 LESS: CREDITORS.. Accruals 660 660 NET CURRENT ASSETSI(LIABILITIES) General Funds- unrestrled Designated 12 12 90,994 77,857 835 TOTAL CHARITY FUNDS 90.994 The Cornpany is ¢ntitl¢d to exemption from audit under Section 477 of the Companies Act 2006 for the year ending 30 Nov¢mber 2023. No notice has been deposit¢d under Section 476 of the Companie5 Act 2006 in relation to its financial statements for the financial year. The Directors acknowledge their responsibilities for.. {a) ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Compani¢$ Act 2006 anil {b) preparing financial stat¢ments whi¢h give a true and fair view of the state of affairs of the Company as at the end of each f1tt2ncial y¢ar aRd of its profit or Ios5 for each financial year in accordance with th¢ quIrementS of Sections 394 and 395 which otherwise comply with th¢ requirements of the Companie5 Aet 2006 relating to fsnancial statements, so far applicable to the Compony. These financial statements have been prepared in accordanc¢ with the special provisions of Part 15 of th¢ Companies A¢t 2006 relating to small companies. ON BEHAL THE BOARD: Trustee an rector- A Charsley Approved by the DirKtors who are the TNstees of the Charity on .........
The Under 17 Car Club ChAritble Tru$1 Registered Ch4rity LTrmited by Gu8rantee Note$ to the Fin8nciII Statements for the Ye8r Ended 30 Novemb¢r 2023 Accounting Polieies The principal accounting policies are summarss¢d below. The a¢counting policies have been applied consistently throughout the period. a) Basis of Preparation Th¢ financial statements have been in accordance with the Accounting aa]d Reporting by Charities- Statement of Recommended Practice applicable to charities prepaTing their actounts in accordance with the Fiiiancial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} (effeciÉve l January 2019) - (Charities SORP (FRS1021), The Fiftancial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Ati 2006. Assets and liabililies are initially recognised at historical cost or trdn&wÉion value unless otherwise stated in the relevant accounting policy not¢{%). The Under 17 Car Club Charithbl¢ Trust meets the definition of a public benefit entity under FRSI 02. Going Concern The Trnstees consider there are no ma¢¢rial uncertJinti¢s about the ¢harilies ability to ¢ontinue as a going wn¢¢rn. The accounts are prepared Sterling (£). a) Incoming Resources Fund raising events. Member events and repTe5ent5 donations made by tnemb¢rs, individuals and otheTS towards the upkeep of the charity, and also donations r¢¢eived frtsm its subsidiary companies. AIS in¢om¢ known to be receivable at the year end date is in¢luded and shown within debtors ifnot paid at the year end date. b) Resources Expended Expenditure is recognised on an accrnals basis as a Itability is incurred. if 4 liability 1% outstanding at th¢ year end dat¢ it Is included as a creditor. Expenditure includ¢5 VAT which 15 not rO¥erable. Charitable ¢xp¢nditure comprises those costs incurred by the charity in the delivery of its activities and services for it5 beneficiaries. It includes both costs that can be directly allocated to such activities and those Costs of an indir¢ct alUre ne¢essaTy to support them. Support Costs include those costs associated with meeting the const]tional and statutory requirements of Ihe charity and include fees and Costs linked to the strategic management of the charity. All costs ar¢ allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of lh¢ resource. e) Interest Reeelvble Interest is included when r¢¢¢ivable by the ChaTIty. Th¢ not¢5 fomi part of these financial statements
The Under 17 Car Club Charitable Trust Reglstered Ch#rity Limited by GuaraNt¢e Notes to the FiR8n¢ial St4t¢ments for tbe Yt#r EDded 30 Ntsvetnb¢r 2023 - ¢tsntiDued e) Fund Accountlng Unre5tri¢ted Funds Unrestricted funds are donations and other incoming resources reteivable or generated for the objects of the charity without further specified purpose and are available as general funds. nated Funds tksignated funds are unrestricted funds eartnarked by the manageEnent committee for particular PUTposes. Restricted Fun Restrict¢d fiJnd5 are to be used for specific purposes as laid down by the donor. Expenditure. which meets these criteria, is eharged to th¢ fund, together with a fair allocation of management and support costs. T¥4ngible Flxed Assets All fixed assets are capitalised at ¢ost wh¢re considered appropriate to capitalis¢. Depreciation is provided &t th¢ foll(Trwing annual ra1¢5 in order to write off each a55¢t over its ¢5timat¢d useful life. Plant and Equipment- 3) /0 on cosi Debtors Debtor5 are recognised at the settlement amount owed to the Charity or prepaid. h) Credltors Creditors and provisions are reco(tnised where the Charity has a present obligaiign re%ultin¥ from a past event that will probably result in the trdnsfer of funds to a third party, and ihe amouni due to settle ihe obligation can be mebsured or estimated reliably. Creditors and provisftons are nornially recognised at their settlement amount. l) Flnanei211rtstrum¢Thts The Charity h&% financial ass¢¢s and fllJ4n¢ial liabilitie5 Of a kind that qualify as basi¢ fJDaiicial instruments. Basic financial instrument5 are initially recogni5ed a¢ transaction valu¢ and subsequently m¢&sur¢d at their settlement value. j) Judgement and Key Sources of Estimation Uncertainty The preparation of accounts using generally accepted accounting principle5 requires Tnana8ernent to mak¢ estkmates and assumptions that affect the reported amOntS of assets and liabilities at the date of the accounts and the reported amounts of revenues and expenses duriTEg the T¢POrtill8 peri(KE. The key estimates and assumptions used in the Financial Statements are detailed in the accounting poltcie5. imite The charity is limited by guarantee and in the eveni of it being wound up. every inember is liable to contribute a sum nol exceeding £10. There are no shares of any class either authorised or alloiied. The note5 fomi part of these financial ststements
The Under 17 C#r Clllb Charltabie Trust Reglstered Charity Llmlted by Guarantee Notes to the Finanelal St8ttments ror the Year Ended 30 November 2023- contlnued In¢om¢- Donailons 21123 2022 Gift Aid claim 31,439 Donations- U17 Driv¢r5 Pathfinder Ltd 2,130 Metnbers SubscriptLOll5 (ifb¢luding gift aid) 23,720 21,936 Insuraa)ce Claim 835 Resources Expended Charlt#ble ActÈvity Support Costs Total 2023 TotAI 2022 W¢bsite and hosting costs Advertising Sundry bxpenses Insurance GeneTal Settlement Payouts Bursaries Bank charges Independent examiner's fees Donation - Teenage Cancer Trust Depre¢iation A¢¢ountan¢y Course costs and Event Costs 3.169 463 3,169 463 3,495 2,047 172 13,440 14.356 4,400 14,356 4.400 9.025 62 742 12,910 3,195 120 9,025 6,332 56 690 8,532 1,084 120 62 742 12,910 3,195 120 3. Management and AdmlnistratloD eosts 2023 2022 Averag¢ Number of Paid Employees in the Year Nil No employee r¢¢eived emoluments of more that £60,000 in the year. EmoluTnent$ of Trnstees No emoluments were r¢¢¢ived by the Trustees either in their capacities as Trustees or as members of the Board of Trustees. Th¢re were no other emoluments or expenses paid to any charity trustee or persons connected with such a tmste¢ directly or indirettly from the fuod$ of the Company or from the propety of any tnstiiution or body corporate tonne¢ted with the Company. Th¢ not¢s foTm part of these financial statements 12
The Under 17 C¥r Club Charitlble Trust Regi5ter¢d Charity Lirnlted by Guar8ntee Note5 to the Financial Statements ror the Ye8r Ended JO November 2023- contlnued Taxation The Company is a registered Charity ¥nd as such no tax&tion is payable on the excess of incorne over expenditure. Movement In Total Funds for the y¢or 2023 21122 Independent Examination 660 660 Limited Liabillty The Und¢r 17 Car Club Charitable Trust is a company limited by guarantee and every member undertake5 to contribute such an amount, not exceeding £10 as may be required in the event of the company being wound-up while he is a member, or within one y¢ar aft¢r he ¢eas¢s to be a member, for payment of debts and liabilities of the company and the ctssi of winding" Investment 111 sub5idi&ries The charity wholly owns two subsidiaries, The Under 17 Car Club Ltd and U17 Drivers Pathfinder Ltd and the charity hold5 the issued ordirtary shares in the ¢ompanie5 representing IOOQ/o of the equity ofeach company. The principal activity of both companies is the PTovision of driving facilitie5 for drivers under the age of 17. A summary of the results of the subsidiaries is shown below. The Under 17 Car Club Ltd 2023 U17 Driver5 Pathfinder Ltd 2023 Tumover Cost of sales Gloss profil 55,225 50,047 42,383 The aggregate of the assets, liabilities and funds was:_ As5els Liabiliti¢s Funds {representitl8 100 ordinary 5har¢5 of £1 ea¢h) 60.166 24.770 Investmeiit in subsidiaries at cost 100 Ordinary shares of £1 each 100 (fully paid) 100 (not paid} The Charitable Trust pays a total insurance premium of £14,356 for itself and its two 5ub5Èdiaries, but does not recharge th expense. The Charitable TTUSt paid buTsaries to U17 Drivers Pathfinder Lid io total in the year £7,140 (2022.. £4,977) and to Under 17 Car Club £1,885 {2022. £1.355). The notes fonn part of these financial statements
The Under 17 Car Club Charitable Trust Reglsttred Charity Limited by Gllarstee Nott5 to the Financial Statements for the YtAr 30 November 2023 - ¢oNtinued T4ngible Fixed Assets Pla ment Cost to date brought forward Additions Asset stolen in the year 15.935 6.334 22.269 Depreciation to dat¢ brought forward Depreciation for the year Asset stolen in the year 13.767 3.195 16,962 Net Book Value- 30 November 2022 Net Book Value- 30 Novernber 2023 5,307 io. Group Accounts The company has taken advantage of examples provided by th¢ Companies Act 2006 in not pr¢paring Giollp A¢¢ount5 on the basis that the group qualifies as a small group. Trustee Indemnity Insurance The scheme provides Cover of up to a moximum of £1,000,000 for any year for 8n annual prernium of £1.163 for diTectOTS and officers liability cover. 12. Related Party TransAetions There are no other related party transaetlOT15, Oth¢r than those disclos¢d in note 8. 13. AD4Iy51s of Net Fund5 Unrestrlcted Fund Total 2023 2022 Tangible Fixed Assets Investments Current Assets Liability 5,307 100 86,247 1660) 2,168 100 77,084 (660) Nei Assets as at 30.11.2023 Th¢ noles forni part of these financial stsiements 14