The Under 17 Car Club Charitabl¢ Trust Registered Charity Llmlted By Guarantee REPORT AND FINANCIAL STATEMENTS for the Ye8r End¢d 30 November 2024 Charity Number 1144948 CompAny Number 7847436
The Under 17 Car Club Charitable Trust Registered Charity Limited by Gu#rntee Report of the Trustees for the y¢ar eDded 30 November 2024 The Trustees are pleased to present their annual Directors Report together with the financial statements of the charity for the year ended 30 November 2024, which are also prepared lo meet the requirements for a Directors, Report and accounts for Companies Act purposes. The financtal statements comply with the Charities Act 201 l. the Companics Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities. Statement of Recommended Pra¢ti¢e applicable to charities preparing their accounts in accordan¢e with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102). Chair's Report The Chair is pleased to deliver this report and to mak¢ the following observations on behalf of the TNstees. Firstly, we thank all our Members, Associate4 Volunteers. Marshals, Instructors: Pathfinder Students, Trustees and extemal SUPFX)rters of the Charity for their continuing and unstinting work towards fLElfilling the Charity's aims despite the challenges of increasing ¢05t5. Our work would be impossible without this willing and unselfish support. Our sincere thanks should also be expressed to the.. Gloucestershire Police and Crime Commissioner Gloucestershi Police West Mercia Police and Crime Commissioner West Mercia Poli IAMRoadsmart and their local Advanced Driver Groups in Gloucestershire. Worcestershire, Shropshire and Yorkshire Herefordshire and Worcestershire Fire aftd Rescue Service Glouce5rshire Fire and Rescue Service Shropshire Fire and Rescue Service Safer tioad5 Humber Staffordshire Safer Roads Partnership. University College London, Intelligent Mobility Laboratory- atid The British Army for their continuing ertgagement and supwrt. We continue to operate ellha¢ safe working practices for all attendees at our events, which includes the use of an autotnated. nOn-ntaCt signing-in process. To enable the Charity to continue its work and to provide bursaries. sutplus funds have been tranSfe¢d from its trading subsidiaries. The challenge of finding suitable and affordable locations in which to run our events continues to be demanding dlte to commercial pressures and restrictions, especially on military establishments in these uncertain times. The Charity's collaboration arrangement with University College London (UCL) to explore how young drivers manage high- risk driving scenarios has continued. This joint research and educational projecL thai started in 2022, has enabled the UCL fram to create Virtual Reality scenarios. which have en int¢gra*d into ihe mobile simulator of their Intelligent Mobility lab. The simulator continues to be deployed to b)th Car Club and Pathfinder events. with structured and practical pre-licence novi¢e driver development training sessions, to collect and analyse data (from eye tracking and input devices) from young drivers including the simulated impairment effects through beer and drug goggles. Over 400 participants have already taken part in the research study and this will be extended during 202). Our surveys of past Pathfinder students and Car Club members now cover young drivers from over 25 yrars (the participants in the first survey in 2006 reached back as far as 1995) and reinforce our contention that carefull), designed and delivered pre- licence driver education delivers substantial benefits. The aggregate reportable collision rate of our students is l in 19 (across all surve)'s) which compares very favourably with their peers who. on statistics, continue to experience a rate of l in 4.5. With over 2,100 students now having taking part. we can assert that Pathfinder alone has saved around 421 reportable collisions since its commen¢¢men¢ in 2008. Ai an average cost of around £150.000 (all collision4 all severities) Ihat is a saving of more than £63 million F()unds delivered from a volunteer run programme. The project would not be possible without the ongoing practical and financial support we receive from public bodies: support which means no child has ever been refused a place on Pathfinder, regardless of their cir¢umslances.
The Under 17 Car Club Ch2rit*ble Trust Reglstered Charity Limited by Guarantee Trustees, Report for the Year Ended 30 November 2024- ¢ontinued The Charity has again exhibited at the Road Safety GB National Conference and also again at First Car's Young Driver Focus ai 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 safety bodies and to the general public. Paul Silverwood, Chair of Trustses Our Purpo$es and Activities The Charity's objectives and principal activities are restricted to the promotion of road safety for the benefit of the public and. in particular, young people. Funding comes from member subscriptions, donations, charitable gifts and grants. Publie B¢n¢fit The Trustees have continued working with the community through the use of safer driving initiatives for young people. The Trustees confimi that they have complied with their duties under section 17{5) of the 2011 Charity Act with regard to public benefit. Particular actions this year include-. Provision of 36 events by The Under 17 Car Club Limited to around 230 participating drivers. the same number of events as in 2023 but with slightly fewer members. Provision of ten 'Pathfinder" Courses with students drdwn primarily from Gloucestershire. Herefordshire, Leicestershire, Shropshire, Worcestershire and Yorkshire with 283 students of whom 95Yo received a bursary from the PCCS or the Trust with around IO% receiving their place at no cost. Loan vehicles were made available tr) participants to enhance le1]Ing and &ssg¢iate supporters were provided tr) a number of students; Fully funded by the TnJsL a further 20 SEND students attended an event at Brookfield School in Reading which delivered the clagsn)om elements of Pathfinder along with practical experience of simulated driving while impaired through alcohol or drugs. Provision of bursaries totalling £6,525 to students who would otherwise be unable t() take advantage of the road safety education we provide. Provision of 35 places on skid pan wurses and 19 places on First Responder First Aid courses subsidised by the TnJsL Continued collalx)ralioD with lAMRoadsmart from which some shared activity has been undertaken to jointly further our individual and wllective charitable objectives. including the expansion of our Pathfinder Programme to accommodate increasing numbers of students" This year we were again able to hold our annual charity fundraising event for the Teenage Cancer Trust. the charity chosen by our Driving Members. and we donated £8,120 to Tcf in 2024, taking our overall total to almost £130,120 since2013' The work of the Trust was further enhanced in 2024 through the extensive involvement of DHL who provided insights to the safety around articulated heavy goods vehi¢les at 8 events and by the Intelligent Mobility Lab at University College London. We were also invited to DHL'S Driver of the Year event where we were able to bring the work of the Trust to the attention of all their attendees as well as provide demonstration drives by our past sludents and instNctors. We were also presented with a donation of £1,000 from DHL for the Trust.
The Under 17 Car Club Charitable Trust Registered Charity Limited by Gu•Tantee Truste¢$' Report for the Year Ended 30 November 2024- continued Achievemtnts and Performance The Trust has continued to deliver pre-licence training events with improvement in all areas - 2,443 attendances (down by 397 on 20231 and 970 instruction sessions (down by 150 on 2023) at The Under 17 Car Club and 1,415 attendances at Pathfinder Events (up by 165 on 2023) and around 2,900 instruction sessions, including the school events. delivered lup by only 20 on 2023 due Èo less school events). The following parties have all fomially engaged in supporting the work of the Trust.. Gloucestershire ConstabLElary The Office of the Police and Crime Commissioner for Gloucestershire The Gloucestershire and Worcester Groups of IAMRoadsmart Glou¢ester5hire Fire and Rescue Service York Advanced Motorists The Offic¢ of the West Mercia Police and Crime Comtnissiofter West Mercia Police Force Warwickshire Police Force Herefordshire Worcestershire Fire and Rescue Servtce Shropshire Fire and Rescue Service. The British Army, Bovtttgton. South Cerney & Lyneham Staffordshire Safer Roads Partnership Wiltshire Constabulary IAMRoadsmart Hereford & Worcester Fire & Rescue Service Shropshire Fire & R¢s¢ue Service Waitrose/John Lewis Partnership Logistics DHL. OPCC Leicestershire The Trustees acknowledge the assistance given to the Charity by the m8ny volunteers who assist in the organisation of activities. Flnancial Review The 2ttaeh¢d financial statements show the current sta* of the finances. The company had ftet incoming resources during the year of £38,045. The company's r¢venue general fund balance is a balance of £29.725 at 30 November 2024 (2023: £62.415). The company's deficit for the year totalled £25,075 (2023- Deficit £l1,277}. The Charity wholly owns two subsidiaries whose trading results are shown on page 13 note 8 to these accounts, along with a non-trading subsidiary. The Board of Trustees considers the current state of the company'5 finance5 to be sound.
The Under 17 Cgr Club Charitable Trust Registered Charity Limited by Guarantee Trustees, Report for the Year Ended 30 November 2024- continued Reserves Polic It is the policy of the Trustes to build up and m&intain unrestricted reserves of at least £35,000. As at 31 March 2025. the unrestricted reserves stood at £29.725. which is £5,275 below the target level set out in the reserves policy. This shortfall is the result of a large one off donation to UCL {£1 0,000). The trustees are aware of the importance of rebuilding reserves and are taking steps to restore them trj the target level. Plans for th Future It is the intention of the Trustees to continue to maintsin and develop the work of both the Under 17 Car Club Limited and Ul 7 Drivers Pathfinder Limited. Rtference Adminlstr*tiv¢ Information CHARITY NAME: The Under 17 Car Club Charitable Trust TRUSTEES OF THE CHARITY WHO ALSO SIT ON THE BOARD OF GOVERNORS AND ARE DIRECTORS OF THE COMPANY: Paul Silverwood Christopher Singer John Beckford- Resigned 30.11.24 Anthony Charsley Philip Hagen Andrew Ross- Resigned 30.11.24 Dougl&8 Kettlewell - Resigned 24.2.25 TRUSTEES: Thomas Silvenvood Andrew Champness- Appointed 12.3.25 Gail Hopkins- App)inted 23.11.24 Warren Beattie- Appointed 23.11.24 Nigel Forr¢sÈer- Appointed 23.11.24 SECRKTARY: Anthony Charsley REGISTERED OFFICE: Cliffe Hill House 22-26 Nottingham Road St&pleford Nottingham NG9 8AA REGISTERED COMPANY NUMBER: 7847436 (England & Wales) REGISTERED CHARITY NUMBEIL. 1144948 INDEPENDENT EXAMINER: Mr M Brddy FCCA TC Nottingham Limited Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA BANKERS: Nat West Pl¢ 134 Front Street Arnold Nottinghatn NG5 7BF SOLICITORS: Lester Aldridg¢ LLP Russell House Oxford Road Bournemouth B48 8EX
The Under 17 Car Club Charlt4ble Trust Registered Charity LKmited by Guarxntee Trustees, Report for the Year Ended 30 November 2024 - eontinu¢d Stru¢ture, Governance And Management Governin Document The organisation is a charitable company limited by guarantee, not having a share Capital and having obtained exemption to dispense with the word limited as part of the company name. The company was incorwrnted on 14 November 2011, registered as a charity on 6 De¢ember 2011 and commenced its charitable activities on 13 April 2012. The company was established under a Memorandum of Association which established the objectives and powers of the charitable company and is govemed under its Articles of Association. In the event of the company being wound up. members are required to wntribute an amount not exceeding £10. anisational Structure The Under 17 Car Club Charitable Trust has a board of eight Trustees. They meet on a regular basis to review current issues and at these meetings decisions con¢erning the running of the Charity are made. A full record of all meetings is kept. The TNst is sole shareholder of: The Under 17 Car Club Limited U17 Drtvers Pathfinder Ltd The Under 17 Car Club Limited has an Operating Committee elected by Driving Members. The Chair of the Committee is also a Trustee, three Ttvstees are directors of U17 Drivers Pathfinder Limited. These appointments ensure continuity of governance. Recruitment and A ointment of Mana emetjt Committee The directors of the company are also charity trustees for the purposes of Charity Law and under the company's Articles are known as members of the management committee. Under the requirements of the Memorandum and Articles of Assoc&ation the members of the management committee are elected to %rve initially for one year after which they must all be re-elected at the Annual General Meeting. At Ch subsequent Annual General Meeting one fifth of the dirertors or, if the number is not five or a multiple of five, the number nearest to one-fifth must retire from oifice. Trustee Trainin All Trustees have professionai, business and corp)rate backgrounds ihat have made them familiar with the duties and obligations of company directors. All have ceIved an introduction to the specific reSnsIbilItieS of Charity Trustees. Related P The Under 17 Car Club Charitable Trust is a charitable wmpany set up to SUPEKprt the work of its trading companies known as The Under 17 Car Club Ltd and Ul 7 Drivers Pathfinder Ltd of which it the whole of the share capital. Risk Mana ement The Trustees have examined the major strategic, business and operaiional risks which the charity faces and confirni that systems have been established to enable regular reports to ix produced so that the necessary steps ¢an be taken to lessen these risks.
Tbe Uttder 17 C4T Club Charftablt Tru$t ReKlxt¢red Charity LIJDiled by Guirxntec Trustees. Rtport for tbe YeAr Ended 30 November 2024- contlnued Ibllld $ of the Trust Company Law requires the management commiitee lo prepgr¢ gtatemellts for ¢ach financial yedr whieh give a ttue ud fair view of the sthte of th¢ affairs of rhe ciwi"tsble cotnpany as at the Balance Sh¢ct date and of lis incomizlg resouTC¢S and application of resourc¢$, in¢luding income and expenditure for the finaneial year. In preparing those rtial ststemettts. the management committe¢ should follow besi practice and.. Select suitable aceounting policies and then apply th¢m ¢ODSi5tently' Make jvdgem¢nts ond estimates that are rewnable and pettt,. and Prepare the financial 8tskm¢nts on the going eone¢rn b&si5 unless it 19 inappropriate to assume thrLt the company will Continue on that b&sis. The rnanagement committee is responsible for mailltaining prop¢r accounting tecord5 which disclose with re&sonable awuro¢y t auy time the fmancial position of the charitable company and to enable them ro enslwe thgt the fuwKÈal statements coinply with th¢ Companies Aci 21M)6. Th¢ mana8emeni c(Mimittee is also r&sportsible for safeguarding the assets of the charitable compaTky and h¢nce for (aking rcasonable steps for the prevention and d¢tKtion of fraud and other }laritIes. Mcm of the B02rd of T Membets of the management eomrnittee. who are dirtttorg for the pu0$¢ of Compauy Law tNstees for the purpose of Chatity Law. who served during the year 8nd up to the date of thi8 report are set out on page 4. Members of the charitabk ¢omp2ny guaratte to wntribute an amouttt Aot ¢xceeding £10 to the of the charitsble ompany in the cveDI of windtng kw. The total nuwb¢r of sw]k 8uarallteeS at 30 November 2024 was 11 (2023: 8). This report has beell prepued in accordance with the Stst¢ment of Remmended Pr1¢¢. Ac¢ouniin¥ It RcportiThg by Charities attd Èn &ccordaTr¢¢ with ihe Special PrtsYi5ions of Part 15 of the CoFnpanies Act 2006 relating to sm1 ¢nttti£s. Ott behalf of the Board of Trttstees ..{A Charsley) Tnwe¢ and Directo the Company
The Under 17 Car Club Chrltgble Trumt Rtglstered Cbarity Limlted by Guirtttee Independent Ex#miner's Report t th¢ Trustees of The Under 17 Car Club Charltlble Tru8t I report on the ch2r%ty twst¢es on my examination of the attounts of the COTTrpany for the yeor ended 30 November 2024. Respollslbllltl¢s B9$11 of Report As the ctwity'$ trus¢s of the Compatsy (and also its directors for the putpose of company law) you ar¢ responsible for the preparation of the accounts Èn accordance with the requirements of the Comp¥nie5 Act 2(y)6 ('the 2rM)6 A¢t'). Having satisfied mys¢lf that the accounts of th¢ Company ar¢ not requir¢d to be audited undtt Part 16 of the 216 Act and are eligible for independ¢nt examination, I report kn respect of my examination of your charity's accounts as carried out wider sectioo 145 of th¢ Chorilies Act 20111'th¢ 2011 Act,). In ¢atrying ot my examination I have followed the directions given by th¢ Char5ty Coaiuni&8ion under S¢£tion 145{5Xb) of the 2011 Act. IndepeAdent Examlntr's Staternent I have completed my examill8tion. I confm that no tnatters baye cortte tr¥ my attention ill eonlltttion with the examination givin8 me cause to believ¢=_ l) Accounting reconls wc¥¢ not kept in res of the Company requir¢d by S110 386 of the 2(ff)6 Act; or 2) The a¢co¥Jnts do not a¢[d with tbose r¢cord4; or 3) The accounts do noi ¢omply with the ae¢ouTrtiTrg T¢quiretnents of section 396 of ihe 2¢YJ6 Aci other Ilwi my requirnnettts that th¢ accounts give a 'ttue and fair view. which is not a matt¢T considered as part of an ind¢pendent examination- or 4) The accoullts httve not becn preped tn accordance with th¢ methods attd priDcJpl¢s of the Sta*ment of reconunended Pia¢tt"ce for a¢¢ountin¥ and reporting by elwiti¢5 (applicable ¢hariti¢s preparing their 8CCOlJnts in accordan¢¢ with the Financial R¢porting Stsndard applicabl¢ in th¢ UK Republic of Irel8nd (FRS102)). I have no concern8 and have come a¢n)ss no other matters iu connectÈon with the examination to which attention shouEd be dtawn in this report in order to etjable k proper UnderStding of the aCCOEJnt8 to b¢ reached. MrMBT CCA TC Nottingh8m Limited Cliffe Hill Hou8¢ 22-26 Nottingharn Road Siapleford NottinBbain NG9 8AA
The Under 17 Car Club CharitY4ble Trust Registered Charity Limited by Guarintet St2tem¢nt of Financial Activities (Ineluding lllcome and ExptDditure Account) for the Year Ended 30 November 2024 Notes Total Total Reslricted Unrestricted Funds Funds 2024 2024 Total Funds Rest#t¢d Total Funds 2023 2024 INCOME Incoming Resources - Fund Raising and Members, Events 9,971 9,97 13,319 Charitable Activities Grants Received 18,074 18.074 10,000 31,580 10,000 TOTAL INCOME 10.Q(K) 38,045 44,899 EXPENDITURE Expenditure on Charitable activities 2,385 44,971 47,356 36,496 Support sts 15,764 19.680 TOTAL EXPENDITURE 2.385 63,120 NET INCOMING/(OUTGOING) RESOURCES FOR THE FINANCIAL YEAR 7.615 (32,690) (25,075) (11,277) TOTAL FULYDS BROUGHT FORWARD 01.12.23 5,000 62,415 67,415 78.692 TOTAL FUNDS CARRIED FORWARD (RESTRICTED/ UNRESTRICTED) £12.615 £29,725 £42,340 £67,415 The statement of financial activities includes all gains and losses in the year. All incoming resources and resource5 ¢xpend¢d deriv¢ from ntInuing activittes.
The Uvder 17 Car Club Cbarftable Trust ReEtstered Charlty Llmlted by Cu4r•n¢te Bil•nee Sbeet #s t 30 Novembtr 2024 Ntste 2024 eststed 2023 FIXED ASSETS: Tanble Assets Inv¢stment in subsidiary 2,111 5,3 CURRENT ASSETS: Ca&h at bank End in haftd Debwr Prepayment 31.226 9,659 53,614 7.860 1.194 40,885 62,668 CURREwf LIABILITIES: Accruals 756 660 NET CURRENT ASSETSI{LIABILITIES) 40,129 NET ASSETS The of the Charity GeneTrl Funds- Unrestrt¢ted Designated Restricted 13 13 29,725 62,415 12,61S 5.000 TOTAL CHARITY FUNDS The Cornp3uy is entitled to exernption froJD audit ullder Section 477 of th¢ Compaoies Act 2006 for the year endttig JO Novembcr 2024. No notice has been deposited under Section 476 of the Comp&nies Aei 2006 in relation to its f2claI stat¢ments for the finaocial year. The Directors ackwIcdgc their responsibtlities for.. (a) Jsurtllg that the Company keeps accoun1ll rccords which wmply with Sects"ons 386 and 387 of the Compana¢s Act 2006 and {b) prewing financial statttnents which give 8 ¢nJe and fttii vicw of the state of affkirs of the Company at the end of each financial year alld of Its profit or 10s8 for finE¢sal year in accordallce with the rcquir¢m¢nts of Sections 394 and 395 wkn'eh othetwis¢ comply witb the requirethents of tbe Coropanies Act 21106 rclatiog tr) sfatements, so far appli¢abl¢ to the Company. These financkal statements hAve been prepared in accordance with the spe¢ial PFQVi8iOnS of Part IS of the CompAni¢s Act 2006 reEin8 to $rnall companies. ON BEH F OF THE BOARD.. Trnstee rector- A Charsley ApprovtAI by the Directors who a th¢ TTustees of the Clwity on
The Under 17 Car Club Charitable Trust Registered Charity Limited by Guarantee Notes to the Financial Statements for the Year Ended 3(1 November 2024 Accounting Policies The principal accounting Folicies are summarised below. The accounting rM)licies have been applied consistently throughout the period. a) Basis of Preparation The financial statements have been in accordance with the Accounting and Reporling by Charities. Statement of Recommended Pra¢ti¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019) - (Charities SORP (FRS102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies A¢t 2006. Assets and liabilities ar¢ initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting poli¢). note(s). The Under 17 Car Club Charitable Trust meets the definition of a public benefit entity under FRSIO2. Going Concern The TSte¢S ¢onsid¢r there are no material uncertainties about the charities ability to continue as a going ncern. The accounts are prepared in Sterling (£). A) Intoming Resources Fund raising events. Member events and represents donations made by members, individullls and others towards the upkeep of the charity, and also donations received from its subsidiary companies. All income known to be receivable at the year end date is included and shown within debtors if not paid at the year end date. b) Resourees Expended Expenditure is recognised on an acctwals basis as a liability is incurred, if a liability is outstanding at the year end date it is included as a creditor. Expenditure includes VAT which is not recoverable. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities aT]d services for its beneficiaries. It includes tx)th costs that Can be directly allocated to such activities and those costs of an indirect nature necessary to SUPPOrt them. Support costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include fees 8nd costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to flect the use of the resource. c) Interest Recelv2ble Interest Is included when receivable by the Charity. The notes fom part of these financial statements 10
The Under 17 Car Club Charitable Trust Registered Charity Llmlted by Guarantee Notes to the Fin4n¢ial Statements for the YeAr Ended 30 November 2024 - continued e} Fund Aceounting nre Cted Funds Unrestricted funds are donations and other incoming resources receivable or generated for the obje¢ts of the charity without further spe¢ified purwse and are available as general funds. Desi nated Fund Designated funds are unrestrided funds earniarked by the management committee for particular prseS. Restricted Fnd Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure, which meets these critsriffj is charged to the fund. tt)gether with a fair allocation of management and sUPPOrt Sts. Tangible Fixed Assets All fixed assets are capitalised at cost where considered appropriate to capitalise. Depreciation is provided at the following annual rates in order to write off each asset over its estimaled useful life. Plant and Equipment_ 33.30/0 on cost Debtors Debtors are recognised at the settlement amount owed to the Charity or prepaid. h) Creditors Creditors and provisions are wognised where the Charity has a present obligation resulting from a past event that will pr(>bably result in the transfer of funds to a third party, and the amount due to settle the obligation wi be measured or estimated reliably. Creditors and provisions are nomially recognised at their settlement amount. i) Financial Instruments The Charity has financial assets and financial liabilities of a kind that qualify as basi¢ financial instruments. Basic finan¢ial instruments are initially recognised at transa¢tion value arsd subsequently me&8ured at their settlement value. j) Judgement #nd Key Source5 of Estimation Uneertainty The pparation of accounts using generally accepted aceounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the accounts and the reported amounts of revenues and expenses during the reporting period. The key estimate5 and assutnptions used in the Financial Statements are detailed in the accounting policies. Limited Guarantee Th¢ charity is limited by guarantee and in the event of it being wound up, every member is liable to C4)ntribute a sum not exceeding £10. There are no shares of any class either authorised or allotted. The notes forni part of these finan¢ial statement5
The Uttder 17 Car Club Charitable Trust Registered Charity Limlted by Guarantee Notes to the Finan¢lal Statements for the Year Ended 30 November 2024 - eontinued In¢ome- Donattons 2024 2023 Gift Aid claim 1,8 7,860 Members Subscriptions 16,274 23,720 31,580 Resources Expended Charitable Activity Support Cost5 Total 2024 Total 2023 Unrestrieted Operalional Expenses Website and hosting costs Advertising Sundry Expenses Insurance - General Settlement Payouts Bursaries Bank charges Accountancy Donation- Teenage Cancer Trust Donation - UCL Depreciation Course costs and Event Costs Prizes arkd Trophies 1,550 4,962 4.913 591 1.550 4,962 4,913 591 14.901 3.169 463 14,901 14,356 4,400 9,025 62 862 12,910 6.525 6.525 47 816 8,120 10,000 3,195 5,015 loo 60,735 47 816 8,120 10.000 3,195 5.015 100 44,971 3,195 7.734 15,764 56.176 Restrieted Driving Instructors 47.356 63.120 3. Managetnent and Administration costs 2024 2023 Average NuMr of Paid Employees in the Year Nil Nil No employee received emoluments of more that £60,000 in the year. Debtor5- Amounts Falllng Due Within One Year Debtors as of 30 November 2024 consist solely of a Gift Aid debtor for £9,659. Creditors- Amount$ Folllng Due Within One Year Creditors as of 30 November 2024 consist solely of an accountancy fee a¢crual for £756. The notes form part of these financial statements 12
The Under 17 Car Club Charitable Trust Registered Charity Limittd by Gu4rnntee Notes to the Finanelal St4tements for the Year Ended 30 November 2024 - conliThued Emoluments of Trustees No emoluments were received by the Trustees either in their capacities as Trustees or as members of the Board of TNstees. There were no other emoluments or expenses paid to any charity trustee or persons connected with such a trustee directly or indirectly from the funds of the Company or from the property of any institution or body corw)rafr ¢onn¢cted with the Company. Tax*tiDn The Company is a registered Charity and as such no tsxation is payable on the excess of irkcome over expenditure. Movement in Totsl Funds for the year 2024 2023 Independent Examinatio 756 660 Limlted Liability The Under 17 Car Club Charitable Tntst is a company limited by guarantee and every member undertakes 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 year after he ceases to be a member. for payment of debts and liabilities of the company and the cost of winding- Investment in subsidiaries The charity wholly owns two subsidiaries. The Under 17 Car Club Ltd and U17 Drivers Pathfinder Ltd and the charity holds the issued ordinary shares in the Companies representing IOOO/o of the equity of each company. The principal artivity of both companies is the provision of driving facilities for drivers under the age of17. A summary of the results of the SLtbsidiaries is shown below. The Under 17 Car Club Ltd 2024 U17 Drivers Pathfinder Ltd 2024 Turnover Cost of sales Gross profiv (loss) 60,279 100,297 92,494 7,803 The aggregate of the asset5. liabilities and funds was:_ Assets Liabilities Funds (representing 100 ordinary shares of £1 each) 40,843 3,327 37.516 22,023 12.123 9.900 Investment in subsidiaries at cost 100 Ordinary shares of £1 each 100 (fully paid) loo (not paid) The Charitable Trnst pays a total insurance premium of £14,901 for itself and its two subsidiari, but does not recharge the expense. The Charitable Trust paid bursaries to U17 Drivers Pathfinder Ltd to totsl in the year £3,900 (2023.. £7.140} and to Under 17 Car Club £2,625 (2023.. £1,885). The notes fonm part of these financial statements 13
Th¢ Under 17 Car Club Charitable Trust Registered Charity Ltmited by Guarantee Notes to the Financigl Statements for the Year 30 Novembtr 2024- eontinued io. Tangible Flxed Asset$ Plant ui ment Cost to date brought fonvard Additions Asset stolen in the year 22,268 22,268 Depreciation to date brought forward Depreciation for the year 16,962 3.195 20,157 Net Book Value- 30 November 2023 Net Book Value- 30 November 2024 ii. Group Accounts The company has taken advantage of examples provided by th¢ Companies Act 2006 in not preparing Group Accounts on the basis that the group qualifies Is a small group. 12. Trnstee Indemnity Insurance The scheme provides cover of up to a maximum of £1,000,000 for any year for an annual premium of £lJ14 ftir diredor5 and officers liability cover. 13. Related Party Transactions There are no other related party transactions, other than those disclosed in note 8. 14. Analysis of Net Fund5 Unrestricted Fund Totsl 2024 2023 Tangible Fixd Assets Investments cent Assets Liability 5,307 100 57.668 {660) loo 28,270 (756) Net Assets as at 30.11.2024 29.725 Restrlet¢d Fund Total 2024 2023 Current Assets 12,615 5.000 Total Net Assets as al 30.11.2024 67,415 The notes form part of these financial statements 14
The Under 17 Car Club Charitable Tt Registered Charity Limited by Guarantee Notes to the Financial Statements for the Year 30 November 2024- contlnued 15. Fund Details Year Ended 30 November 2024 Fund B8laMees Brought Forward GainlLo$$ on Investment Assets Fund B4lancts Carried Forward Nmes ltt¢ome Expedire TraDsfers Unrestricted Funds Restrici¢d Fut5 Total Funds 62.415 5,000 28,045 10.000 38.045 (60,735) 2.385 63,120 29,725 42,340 Year Ended 311 N•v¢mb¢r 2023 Fund Blnees Brought Forward GainlLoss Fund Balanc¢$ Carried Forward Futtd N$m¢s lncomt Expenditsre Trattsf¢Ys Assets UnTestri¢frd Funds Restrtctsd Funds Total Funds 78,692 39.899 5.(KJO 44.899 (56.176) 62.415 56,176 67,415 16. Prlor Y¢r Adjustment During the preparation of the current years financial stalemcnts. it w&$ identified that £5,000 held in the Charities bank account as of 30 November 2023 should have been recognised as restricted funds, rather than unrestricted. It has also come to our attention that the Gift Aid debtor figures for 30 November 2023 had been overstated. The correct debtor for 30 November 2023 should have been £7,860, rather than the £31.439 as previous. The following adjustments have been made accordingly.. Adjustments as of 30 Tr4ovember 2023 As Previously stated Adjustment Restated Gift Aid- Inrne 31.439 (23,579) 7.860 Debtors 31,439 (23,579) 7,860 Net &ssets 90,994 (23.579) 67,415 Unrestricted Fund5 90,994 (28,579) 62,415 Restrithd Funds 5,000 5.000 The adjustment has been reflected in the opening balances for the year ended 30 November 2024. The notes form part of these financial statements 15