**REGISTERED COMPANY NUMBER: 07797348 (England and Wales) REGISTERED CHARITY NUMBER: 1145355** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2023 for Wendover Youth Centre Limited (A Company Limited by Guarantee) Wendover Youth Centre Limited Contents of the Financial Statements for the Year Ended 31 August 2023 |||Page|| |---|---|---|---| |Report of the Trustees|1|to|6| |Independent Examiner's Report||7|| |Statement of Financial Activities||8|| |Statement of Financial Position|9|to|10| |Notes to the Financial Statements|11|to|18| |Detailed Statement of Financial Activities|19|to|20| Wendover Youth Centre Limited Report of the Trustees for the Year Ended 31 August 2023 ## TONY MOGFORD and COLIN RILEY Since our last review both Tony and Colin have died. Colin was a previous Chair and until his death remained our President - with his wife Diana, who was instrumental in the founding of the Youth Centre, Colin is remembered through the naming of the Riley Room. Colin contributed immensely to the Centre in innumerable ways - not only did he serve in an official capacity for many years, but he also became unofficial "odd-job man" for anything practical that needed doing! Tony's involvement with the Centre was less direct; although also invaluable. In his role at the Lionel Abel Smith Trust, Tony was a remarkable and consistent advocate for the Centre. He knew how vital this financial support was for the Young People who rely on our work. Indeed, one of Tony's final acts on the evening of his death was to make a financial contribution to the work of WYC. They will both be sadly missed and very fondly remembered. ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The charity's objectives and aims are: (1) to advance in life and help young people through; a) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. Page 1 Wendover Youth Centre Limited Report of the Trustees for the Year Ended 31 August 2023 ## **OBJECTIVES AND ACTIVITIES Significant activities** After multiple periods of lockdown in the past two years the year ended 31st August 2022, felt relatively normal. We decided not to go back to what we had delivered pre-pandemic. Instead, we opted to continue the work conducted during lockdown by adding a number of extra offerings to our calendar. In addition, during the summer of 2022, we ran Project Engage. This project, supported by the Wendover Community Board, was designed to raise awareness of the work done by WYC and attract more "less actively engaged" Young People to the Centre. Both the evolving programme of activities and Project Engage have been immensely successful. As a result, the numbers attending activities and engaging with WYC have increased considerably. In turn this has created a resourcing challenge for the Centre. One consequence of the pandemic in Wendover has been the community strength and projects that have emerged. WYC tried to play its part in these community initiatives and as this work continues, we intend to continue to strengthen our relationships within the community by continuing to support cross-generational work, the local foodbank and various other "lockdown" projects. ## Staff Peter Swinford continues to be our Lead Youth Worker. During the year under review, we have started to build a team to support Pete in the delivery of our expanding portfolio of work. The work of building this team continues - as well as a trusted group of volunteer helpers, we also engage with five other support workers for particular sessions, and two further people to help with our communications, social media and administrative work. It is worth noting that external recruitment of either a deputy or apprentice Youth Worker has been challenging, so part of our approach is now to try and "grow our own" future Youth Workers. ## Key Partners The World continues to be an exceptionally challenging place for Young People. The Covid-19 pandemic and lockdowns continue to have an impact. In addition, Young People see and experience economic challenges on top of the ongoing environmental crisis, whilst we all see displaced Ukrainian families living in our community, attending local schools and participating in local activities, including those organised by WYC. Overall, we see an increasing need and focus on the important area of providing safe spaces and much of our work now focuses on the mental health and wellbeing of our users. This focus has been particularly evident in our continuing work with our partners. - Schools - It is fantastic to see an ever-strengthening partnership with the John Colet Academy. As a Centre we seek partnerships with each of the schools on the Wharf Road campus. The work with the Colet is evolving into a great model of what can be achieved through collaboration - Lindengate - We have a long history with Lindengate and are currently exploring new ways of collaborating with one another - Premier Education - The relationship with the Centre continues to develop with well-established before and after school activities and holiday clubs. Premier Education are key delivery partners for our work with young people. In addition, Premier make a significant financial contribution to the sustainability of the Centre - Drama groups - we are now hosting 5 sessions per week across a range of ages, in collaboration with Drama Hub Page 2 Wendover Youth Centre Limited ## Report of the Trustees ## for the Year Ended 31 August 2023 ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The period covered by this report, has seen major progress towards our vision as well as ever increasing numbers. - With our Partners we have continued to deliver youth work and service for the Young People of Wendover, - We have expanded our portfolio to offer new activities and, in the process, have learned many new skills, - We continue to work in partnership with the local community on community projects, - Young people are progressively taking ownership of and developing activities which meet their needs under the guidance of the Youth Workers, staff and volunteers, - Staff and volunteers - The full-time youth worker is complemented by session workers and volunteers. The Centre benefits from a committed group of volunteers and is always seeking to expand this volunteer base, - Support - WYC is very appreciative of the support and encouragement it receives from the community. For our part we continue to forge closer links with the schools, other voluntary activities, Wendover Parish Council (WPC), the Lionel Abel-Smith Trust (LAST) and local churches as it seeks to be an integral part of the community which we serve. Page 3 Wendover Youth Centre Limited ## Report of the Trustees ## for the Year Ended 31 August 2023 ## **FINANCIAL REVIEW** ## **Financial position and fund-raising** The Trustees wish to increase the funds we receive. The Centre runs both a Friends' and Membership scheme, as well as charging for activities and receiving rental income by hiring the Centre to others. Nevertheless, we are still dependent on grants. The receipt of a 3-year grant from LAST and the continued support of WPC has been instrumental in a lot of our achievements. We are extremely grateful for this ongoing support. It is also important to acknowledge that during 2021/22 we received approximately £10k from the Wendover Community Board to support the Engage project. As Trustees we are actively exploring options for the long-term financial sustainability of the Centre. Our long-term aim is to make the Centre self-financing. Pre-pandemic we were raising two thirds of our income by pursuing the following strategy: - Commercial partnerships similar to the one that exists with Premier Education - they deliver good work with young people and we share in the profits of this activity - Hiring the Centre to local users - this activity makes a significant contribution to the Centre's income. The Centre space is let during the week and currently there are only a few slots available - In partnership with the John Colet to provide out-reach youth services within the school for which we charge - By asking users to become members and non-users to be Friends - both of these schemes provide an invaluable local connection as well as regular, managed income (some of which can be gift-aided), - By charging Young People to attend events. In addition, we seek grant funding for one-off projects (new equipment, facilities etc.) and to under-write our current costs. This strategy has been significantly disrupted by the pandemic, where some of our regular sources of income were lost (Centre rental, Premier, payments for attendance), and not all have returned or been replaced. When combined with our need to expand our team to provide the services we wish to deliver, and rising costs (especially for utilities) this places considerable medium-term strain on the WYC finances. As reported in previous years, we continue to hold a Designated Development Fund resulting from a prior year exceptional item referred to in the financial statements: During 2018/19, the Centre received an anonymous gift of approximately £25,000 to support the long-term development of the Centre. This money was provided to expand our work and invest in the delivery of our long-term Vision. As we continue to expand our services the Trustees intend to gradually release these funds to support the additional resources requires. The Trustees reserve the right to change our treatment of this donation in the future. The Centre's premises are leased from Buckinghamshire Council which maintains an oversight role with respect to the Centre. ## **Reserves policy** Our policy is to have the reserves to cover 3 months' worth of outgoings. The Board reviews this regularly. Given the "lumpy" nature of our income a degree of flexibility is required if we are to continue to operate. Page 4 Wendover Youth Centre Limited ## Report of the Trustees ## for the Year Ended 31 August 2023 ## **FUTURE PLANS** We are now focussed on delivering our Vision, details of which can be viewed on the website. Our aim is to serve the young people of the community and surrounding area by ensuring all activities, both existing and future, are relevant to their needs. We will achieve this by engaging with the young people enabling them to become more involved in the running/design of those activities and for them to take ownership of them. The Centre is planning for youth work that supports the community (i.e. not just Youth Centre based activities). We envisage that we will continue to work with a mix of professional qualified youth workers and volunteers. There are lots of others who work with young people locally, and the Centre intends to support/partner with them rather than duplicate services. The ideas coming forward are ambitious and exciting, but the Trustees are conscious that, although there is so much more that we could offer, we are limited by professional capacity and finance. Our approach is to grow as rapidly as possible in a manner which is sustainable for the Centre. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is constituted as a company limited by guarantee, as defined by the Companies Act 2006. The governing document is the Articles of Association. ## **Recruitment and appointment of new trustees** Wendover Youth Centre (the 'Youth Centre') Trustees have been selected on the basis of - - their backgrounds particularly as it relates to prior experience with registered companies and/or charities; - track record in areas relevant to the development of a community facility; or - their commitment to the welfare of young people which the Youth Centre is supporting. ## **Organisational structure** The company is headed by a Board of Trustees (the Board), of eight people. The Youth Centre employs a full-time youth worker, sessional workers, consultants and volunteers Together the Board, its youth worker, staff and volunteers are working to develop the youth work to meet the needs of young people in the community. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 07797348 (England and Wales) ## **Registered Charity number** 1145355 ## **Registered office** Wendover Youth Centre Wharf Road Wendover Buckinghamshire HP22 6HF Page 5 rt ofthe Tn￿treS f rthe Year Ejthed Trnstees Mr P R S Hammett Mrs J A Ballantine MTS M p aayton {rcsigned 27r3r2023} MTS T J Ethward8 MT C J Heald Revd N Rose Mr K Lavin¢ Mr K Olayinka COrnp￿y SeeTet*ry Mrs M Fr05t HotL Mr P R S Hamm¢tt FMAAT(appoiDtcd as Dwwt&rbut Trjt Trus*e 3016r2021. ftt&4ministrative This reikn has been kYep8Yed in with the wia] T￿lS1(￿ of Part 15 of th¢ comp￿]￿ A¢t 2W6 Tclating ApprOV￿bY orf¢r of th¢ twdof trus¢ees OD. ZL44a￿l sign￿1 OD behalfby.. MrCJHeald-T Page 6 t Exa￿1￿¢￿5 R to TT￿ of Independent eun￿￿.$ report to tbt rfW¢Bdgver Youth Centre Llmitul fthe CoMpa￿Y'} I r¢port to th¢ ¢barity tnL8tees my examtDats(nof the XCLM]Dts ofthe CompgAy forthe y¢areDded 31 August 2023. Responsibilitie5 and basis of report As the charity's tnLSlttS ofthe CompaDy (and its direc￿ for the of coD]pw law) you aTE TfspDll51ble for the pryrdtion ofthe accounts ￿ accordatKe with the requirements of the Comwlles Art 21￿ ftb¢ 2(M)6 knt). Having sa¢tsfied myself that the XCOUDts of the CcffipDy are not to 1¢ 8￿j1*d under Part 16 of tk 2(X)6 Act and are ¢ll￿b]e for inde￿1 exa[niDatio￿ I rq￿ in r¢sw of my examin*ion of ytyjr chan"ty's accounts a5 c￿Tled out w)der 5￿tion 145 of th¢ Charitie5 Art 2011 Cthe 2011 Acfj. In cwing Ixrt my examI￿¢)n I have foll¢)wed the Directi(Ins given by the Chariry C(rnission under knion 14515) (b) of thc 2011 Act Independent st*lenieDI I have w¥npleted my examin￿lOrL I confirn that o)atters have ¢Ayne to my otietjlh￿ in ¢£*]n￿ti￿ with the examinati￿ 8iViD8 me cause to ￿lieVe.. counting recoTd5 were noi kw in respca of the Cwny &8 by 386 of the 21X)6 kn. or the a¢¢outtts th) T￿¢ a¢coTd with those rccoTds" the accounts do rK)i comply with the ¥¢ow)ting requirem￿ts of Stttion 396 of the Act other any exami]]atiotL or the accounts have not b¢en preprnl iD a¢¢ordw with the Me￿ and prin¢ipl¢s of the Stst¢m¢ni of R￿oI￿￿ended Pocti¢e for acrouutiug aTrJ rrpxting by clwtties (applicable to charitie5 prEpariDg their aC￿Ullts accordance with the FIna￿lat Re[￿1￿8 Stsndard applicable in the UK and Republic of IrelaDd (FRS 102)). be thawn in this in to cnablc aprty¢ruThkntthnE of the *Cou[￿ to iy rExhryl Mr T. de Borde 11 K ..1 ZoLLfy Wendover Youth Centre Limited ## Statement of Financial Activities ## for the Year Ended 31 August 2023 |**Unrestricted**
**funds**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
41,818
Other trading activities
3
29,554
Investment income
4
84
**Total**
71,456
**EXPENDITURE ON**
Raising funds
5
2,866
**Charitable activities**
6
Youth Activities
74,404
Centre running costs
15,252
Staff costs
1,492
Office costs
1,147
Other
3,218
**Total**
98,379
**NET INCOME/(EXPENDITURE)**
(26,923)
**RECONCILIATION OF FUNDS**
Total funds brought forward
39,707
**TOTAL FUNDS CARRIED FORWARD**
12,784|**Restricted**
**funds**
**£**
9,554
-
-
9,554
-
5,061
-
-
-
-
5,061
4,493
-
4,493|**2023**
**Total**
**funds**
**£**
51,372
29,554
84
81,010
2,866
79,465
15,252
1,492
1,147
3,218
103,440
(22,430)
39,707
17,277|**2022**
**Total**
**funds**
**£**
49,441
25,146
4
74,591
1,087
58,190
12,534
956
100
3,670
76,537
(1,946)
41,653
39,707| |---|---|---|---| The notes form part of these financial statements Page 8 Wendover Youth Centre Limited ## Statement of Financial Position ## 31 August 2023 |**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**FIXED ASSETS**
Tangible assets
12
1,600
-
**CURRENT ASSETS**
Debtors
13
12,390
-
Cash at bank and in hand
21,400
4,493
33,790
4,493
**CREDITORS**
Amounts falling due within one year
14
(22,606)
-
**NET CURRENT ASSETS**
11,184
4,493
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
12,784
4,493
**NET ASSETS**
12,784
4,493
**FUNDS**
15
Unrestricted funds:
General fund
Designated Development Fund
Restricted funds
**TOTAL FUNDS**|**2023**
**Total**
**funds**
**£**
1,600
12,390
25,893
38,283
(22,606)
15,677
17,277
17,277
12,784
-
12,784
4,493
17,277|**2022**
**Total**
**funds**
**£**
232
18,423
30,723
49,146
(9,671)
39,475
39,707
39,707
14,987
24,720
39,707
-
39,707| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 9 ent of Fi 202 ialP 31Au subj'ectto the St[￿1 comrADies Tegtfty. by thE &)ard of Tnmees 8th1 authorisoj fiff i&sue MT5 M J Sans Page 10 Wendover Youth Centre Limited Notes to the Financial Statements for the Year Ended 31 August 2023 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant & Machinery - 25% straight-line Office equipment - 33% straight-line Furniture & Fixtures - 25% straight line ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. DONATIONS AND LEGACIES** |Friends of WYC
Donations
Gift aid
Grants
Subscriptions
Exceptional items|**2023**
**£**
4,860
975
1,528
34,053
9,956
-
51,372|**2022**
**£**
5,363
2,631
1,681
30,888
8,716
162| |---|---|---| |||49,441| continued... Page 11 Wendover Youth Centre Limited Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **2. DONATIONS AND LEGACIES - continued** Grants received, included in the above, are as follows: |Lionel Abel-Smith Trust
Wendover Parish Council
Buckinghamshire Council
The Stockwell/Cliffe Charitable Trust
The Albert Hunt Trust
Mobbs Memorial Trust
Tesco Community Grants
**3.**
**OTHER TRADING ACTIVITIES**
Other fundraising activities
Hall hire
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
Centre purchases
Support costs|**2023**
**£**
12,500
7,000
11,053
500
2,000
500
500
34,053
**2023**
**£**
15,334
14,220
29,554
**2023**
**£**
84
**2023**
**£**
1,066
1,800
2,866|**2022**
**£**
10,000
7,000
12,888
1,000
-
-
-|**2022**
**£**
10,000
7,000
12,888
1,000
-
-
-| |---|---|---|---| |||30,888|| |||**2022**
**£**
13,172
11,974|| |||25,146|| |||**2022**
**£**
4
**2022**
**£**
126
960
1,086|| ||||1,086| continued... Page 12 Wendover Youth Centre Limited Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **6. CHARITABLE ACTIVITIES COSTS** |**Direct**
**Support**
**Costs (see**
**costs (see**
**note 7)**
**note 8)**
**£**
**£**
Youth Activities
75,835
3,630
Centre running costs
15,252
-
Staff costs
1,492
-
Office costs
1,147
-
93,726
3,630
**7.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
**2023**
**£**
Youth Worker costs
46,957
Insurance
567
Postage and stationery
519
Advertising
738
Sundries
510
Youth club resources
15,704
Other costs
291
Premises expenses
26,538
Training
1,203
Depreciation
699
93,726
**8.**
**SUPPORT COSTS**
**Information**
**Governance**
**Management**
**technology**
**Other**
**costs**
**£**
**£**
**£**
**£**
Raising donations and
legacies
750
677
373
-
Other resources expended
1,294
-
-
1,924
Youth Activities
2,579
678
373
-
4,623
1,355
746
1,924|**Totals**
**£**
79,465
15,252
1,492
1,147|**Totals**
**£**
79,465
15,252
1,492
1,147| |---|---|---| ||97,356|| ||**2022**
**£**
35,194
837
529
100
312
13,999
1,375
16,767
591
116|| ||69,820|| ||**Totals**
**£**
1,800
3,218
3,630
8,648|| |||8,648| continued... Page 13 Wendover Youth Centre Limited ## Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **8. SUPPORT COSTS - continued** Support costs, included in the above, are as follows: |||||||**2023**|**2022**| |---|---|---|---|---|---|---|---| ||**Raising**||||||| ||**donations**||**Other**||||| ||**and**||**resources**||**Youth**|**Total**|**Total**| ||**legacies**||**expended**||**Activities**|**activities**|**activities**| ||**£**||**£**||**£**|**£**|**£**| |Staff costs||750|1,294||2,579|4,623|2,824| |IT & Website related costs||677||-|678|1,355|1,133| |Telephone||373||-|373|746|787| |Sundries||-||653|-|653|110| |Accountancy fees||-||675|-|675|790| |Legal fees||-||48|-|48|75| |Book-keeping fee||-||548|-|548|871| ||1,800||3,218||3,630|8,648|6,590| ## **9. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||**2023**|**2022**| |---|---|---| ||**£**|**£**| |Depreciation - owned assets|699|115| ## **10. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022. ## **Trustees' expenses** During the year-ended 31 August 2022, our Treasurer, Paul Hammett, who was appointed as a Director on 30 June 2021 for administrative purposes, was reimbursed £604 (2021 - £564) of expenses incurred on behalf of the Centre. Paul Hammett, was also paid £1,911 (2021 - £1,810) for accountancy services provided to the Centre through his Limited Company, Paul Hammett Accounting Solutions Ltd. ## **11. STAFF COSTS** The average monthly number of employees during the year was as follows: |Support Youth Workers
Lead Youth Worker|**2023**
-
-
-|**2022**
5
2| |---|---|---| |||7| continued... Page 14 Wendover Youth Centre Limited ## Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **12. TANGIBLE FIXED ASSETS** |**Fixtures**
**Plant and**
**and**
**Computer**
**machinery**
**fittings**
**equipment**
**£**
**£**
**£**
**COST**
At 1 September 2022
4,525
1,444
1,897
Additions
1,233
-
834
At 31 August 2023
5,758
1,444
2,731
**DEPRECIATION**
At 1 September 2022
4,293
1,444
1,897
Charge for year
424
-
275
At 31 August 2023
4,717
1,444
2,172
**NET BOOK VALUE**
At 31 August 2023
1,041
-
559
At 31 August 2022
232
-
-
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Trade debtors
2,524
Other debtors
9,603
Prepayments
263
12,390
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Trade creditors
17,096
Social security and other taxes
965
Other creditors
495
Accrued expenses
4,050
22,606|**Totals**
**£**
7,866
2,067
9,933
7,634
699
8,333
1,600
232
**2022**
**£**
9,859
8,301
263|**Totals**
**£**
7,866
2,067
9,933
7,634
699
8,333
1,600
232
**2022**
**£**
9,859
8,301
263| |---|---|---| |||9,933| |||7,634
699| |||8,333| |||1,600| |||232| |||**2022**
**£**
9,859
8,301
263| ||18,423|| ||**2022**
**£**
7,759
852
610
450|| ||9,671|| Page 15 continued... Wendover Youth Centre Limited Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **15. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
Designated Development Fund
**Restricted funds**
General fund - restricted
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
Designated Development Fund
**Restricted funds**
General fund - restricted
Holiday Activity Fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Designated Development Fund
**TOTAL FUNDS**|**At 1/9/22**
**£**
14,987
24,720
39,707
-
39,707
**Incoming**
**resources**
**£**
71,456
-
71,456
5,501
4,053
9,554
81,010
**At 1/9/21**
**£**
16,933
24,720
41,653
41,653|**Net**
**movement**
**At**
**in funds**
**31/8/23**
**£**
**£**
(2,203)
12,784
(24,720)
-
(26,923)
12,784
4,493
4,493
(22,430)
17,277
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(73,659)
(2,203)
(24,720)
(24,720)
(98,379)
(26,923)
(1,008)
4,493
(4,053)
-
(5,061)
4,493
(103,440)
(22,430)
**Net**
**movement**
**At**
**in funds**
**31/8/22**
**£**
**£**
(1,946)
14,987
-
24,720
(1,946)
39,707
(1,946)
39,707| |---|---|---| Page 16 continued... Wendover Youth Centre Limited Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **15. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||**Incoming**|**Resources**|**Movement**| |---|---|---|---| ||**resources**|**expended**|**in funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|64,591|(66,537)|(1,946)| |**Restricted funds**|||| |General fund - restricted|10,000|(10,000)|-| |**TOTAL FUNDS**|74,591|(76,537)|(1,946)| A current year 12 months and prior year 12 months combined position is as follows: |||**Net**|| |---|---|---|---| |||**movement**|**At**| ||**At 1/9/21**|**in funds**|**31/8/23**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|16,933|(4,149)|12,784| |Designated Development Fund|24,720|(24,720)|-| ||41,653|(28,869)|12,784| |**Restricted funds**|||| |General fund - restricted|-|4,493|4,493| |**TOTAL FUNDS**|41,653|(24,376)|17,277| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Designated Development Fund
**Restricted funds**
General fund - restricted
Holiday Activity Fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
136,047
-
136,047
15,501
4,053
19,554
155,601|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(140,196)
(4,149)
(24,720)
(24,720)
(164,916)
(28,869)
(11,008)
4,493
(4,053)
-
(15,061)
4,493
(179,977)
(24,376)| |---|---|---| continued... Page 17 Wendover Youth Centre Limited Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **16. RELATED PARTY DISCLOSURES** In the year to 31 August 2022, donations without conditions made by Trustees totalled £465 (£360 - 2021). See Note 10 for transactions with Directors. ## **17. SHARE CAPITAL** The company is limited by guarantee to the undertaking given by each member to contribute such an amount as may be required, but not exceeding £10, to the assets of the Charity in the event of it being wound up. Page 18 Wendover Youth Centre Limited ## Detailed Statement of Financial Activities for the Year Ended 31 August 2023 |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Friends of WYC
Donations
Gift aid
Grants
Subscriptions
Exceptional items
**Other trading activities**
Other fundraising activities
Hall hire
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Centre purchases
**Other trading activities**
Interest payable
**Charitable activities**
Wages
Insurance
Postage and stationery
Advertising
Sundries
Youth club resources
Other costs
Premises expenses
Training
Plant and machinery
Computer equipment
**Support costs**
**Management**
Staff costs|**2023**
**£**
4,860
975
1,528
34,053
9,956
-
51,372
15,334
14,220
29,554
84
81,010
1,066
-
46,957
567
519
738
510
15,704
291
26,538
1,203
424
275
93,726
4,623|**2022**
**£**
5,363
2,631
1,681
30,888
8,716
162| |---|---|---| |||49,441
13,172
11,974| |||25,146
4| |||74,591
126
1
35,194
837
529
100
312
13,999
1,375
16,767
591
116
-| |||69,820
2,824| This page does not form part of the statutory financial statements Page 19 Wendover Youth Centre Limited ## Detailed Statement of Financial Activities for the Year Ended 31 August 2023 |**Management**
**Information technology**
IT & Website related costs
**Other**
Telephone
**Governance costs**
Sundries
Accountancy fees
Legal fees
Book-keeping fee
Total resources expended
**Net expenditure**|**2023**
**£**
1,355
746
653
675
48
548
1,924
103,440
(22,430)|**2022**
**£**
1,133
787
110
790
75
871
1,846
76,537
(1,946)| |---|---|---| This page does not form part of the statutory financial statements Page 20