REGISTERED COMPANY NUM8ER: 08125791 (England and WalgBI REGISTEREO CHAKTY NUMBER". 1149132 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATElfENT8 POR THE YR ENDED 31 MARCH 2024 FOR WOLVERCOTE YOUNG PEOPLES CLUB UMITED Bron8en$ Charter¢d Certnled AGTrIanIs Ed8n Hou$e Two Rlverg Buslness Park Witney Oxfordshlre OX28 4BL
WOLVERCOTE YOUNG PEOPLE'S CLUB LIN7ED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pag• Ret•r8nc8 and AdmrnLrytratlv• DetallB Report ofthe Tru8t••# Ind8pendont Examinor's Roport 8tstsrn8nt of Flnancial Actl¥Stlos Balance Sheet Not•9 to th• Flnancial Stat•m•nt# Detall Statem•ntolFlnanclal ActNIU 9 to 15 16 to 17
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED REFERENCE AND ADMINISTRATIVE DEfAILS FOR THE Y&4R ENDED 31 hlARCH 2024 TRUSTEES Mr D J Duthle MrA F8nton DrVETate Ms T Hall Ire8igned 22.1.241 REGISTERED OFFICE Astr81 House GTanv}l W8y Bica¥ler Oxfordshire OX26 4JT REGISTERED COMPANY NUMBER 08125791 (England and Wales) REGISTERED CHARrrY NUMBER 1149132 INDEPENDENT EXAMINER Brons¥n8 Chartered C•rtrfi8d Accountants Eden House Two RNers Business Park tney Oxford8hl OX28 48L Page 1
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMTfED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees of Wolvw¢ot8 Young Peoplè's Club IWYPCI {the 'Club"I, who aro aLso directors of tt eharty for tho purposes ol the Companies Act 2006, presènt thelrannual report and Ilnawal stalements fGY the ygar ended 31 Mar¢h 2024. The finanoal si8temenls have been prepared in &corrlance wh the accounfr'ng polKEs sel out In note 1 10 the financial statemonls and oirnply with ths Charity's Article5 01 Associ8tion, the Companies Act 2006 and "Accounting and Reporting by Charities. Statement of Recommended Practice applic8b18 to charrbes prepaAng their accounts in 8¢w[dan wrth the Financial Reporting StsndÈrd 8ppIiGable in thè UK and Republic of IreLqnd IFRS 1021 (effective 1 January 20191. 08JECTIVES AND ACTIVITIES Oble¢tlv•s and actfvltseB The Tru8tees h8ve parij due regard to guldants isgued by tho Charfy Commission in dechlng what actwItS the Charty should undertake. The ¢harity3 PUTPOSèS a sel out in Ils Articles of AssocialKJn. The objects 8re lo promote the mental. physical, and spiritual well-being of young people in Wolvercole, Cutt51owo and the surrounding area. The Club provides 8 sale pkce lor youtFg peop lo grow, flourish and leam how lo make a Positive eonlribullon to the local communty and wider sOClY, undor the guidance of qualifie(l youth workers and trained volunteer5. The Club's aims, obj8Ctlv&s and trnefilB for it5 young people are revEwed annualty. The Tiust6e5 asse88 th Glub's effectiveness and achievernents and dechle which activitiès should conb.nuts and what else could b dona to empoweryoung péople to moke informed decisions to tenetil thair futures. Achlevemtrnts and performance Therè has been mu¢h to t• celebr thi8 past year. Our youth woth team has buitt 8 bu8y, vibrant and thrivlng spac8 for young people in and around Wolver¢ole. New leadership brought an In¢rea58 In the number of regularly attending seniors 111 years old upwards). The Sem offering expanded lo include separatè Young Women'5 8nd Young Men's gr¢ups, anLI an outreach session taka up residonce In Lower w0erte. Youth Volce - an opptsrtunty for attendee5 10 say what actim1$ theyd appreciate - rnel T89uLarfy. Four youn9 Fead8rs. chosen frorn the older Sèniors, were given th8 responsibiltty and experiènce of suppc¥ting the Junior 5essKn3. Offsit6 trtps offered both enjoyment ard. for the older age groups, opportunities to broaden the honzons 8nd understanding of available c¥eer ¢)pportunlties. ollaboratlon Cdlaboration anij partngr$hips remaln a cornerstone of our 8tratÈgy. Links have be bufft with muttipltr services 95 Part of our yotrth wwDrk provi8ion. The Yourg Women 5 group has ba regulaty supportèd by a mernber of the NHS Child and AdolesGenl Mental Heatth ServKes spOnso team. A strong relatlonshSp h89 been forged wth the Cthleskwm Connathd Churth's Youth Leader. An event tiled "Cbr8ting Differences hdd in collabor81ion with Meadowbrook College, Chilworth House and The Mulbery Hush School. enal?led tho partners lo showcasts their speciBli$l achieVemts lo prOfessnlS inelu¢Jing social care. teach8rs and youth workers. Oxfords Mayor wr48 in attendan¢8. Awarits and events WYPC and rt5 membors reiVed highly ¢c¥nmended rtfficate$ for Oxford Chewoll Valley "Club of the Ye8rf'. Volunteer of the Yearf, and 'Young Person of the Year" The Club w35 also chosen lo be one of four rin81isls from a fiekl of over 1000 lor the BBC Make a Difference A19, be honOu for her lengthy servlse to young peop across the Cwnty. For Ihe second year rLJnning. tneml)Br of staft r&d a High Sheriff8 award. Thts time. Il was sènior Youth Worker Cheryl West's turn to Internalty, the Club held its first awards èvening for senior rnernbers, attend8J by thè High Sherffl of O)rfordthir8, Cty and County Counullors. Ov¢r foty 8arfs wer& presenlècl lor merrt)8rs' o)mmunity work. Tha summer 8nDual Open ovening. run ty ttre young pwple, attracted an 8ppIve 8udi8nce eager io see and experience Club a¢tiwlies. The packed Christmas Fète was planned by Youth vol and suppc>rted by gr Junlor and Senior mernbers. The youry people marle a Chrislmas grotto and aft5 to sell. Page 2
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Prlnclpèl fundlng sovrces The chariitys main soures of income are deriveLI from voluntary donatsons, gran18 from ¢hadt8ble trusts arkj foundations, CLKporate donthons, gffts Irge and smalll from private donors, hall hire aThJ fundraisirFg events. Total income incre38ed from £88.801 Lqsl year to £125,303 this yaar. Grant incom$ more th8n doubkd lo £92,519 IE41.200 FY 22r231. boosleLI by a small number of gr8nts restrrcled to a rnajor outrtrach prograrnme and building refurbishment. Despite an overall diffKult fundraising year. Unrestrted fvnding alBO increased nearty 11% to £64,258 {£48,988 PY 22Q31. Income from indwldual donations fell by almost h91110 £11,031 IQO.324 FY 221231. The Club is operated through premises owned by OxFordshire County Counril. Tho charity lets out the Clubs facilities to local group5 for community aclwrtiès, when they are not reqUIj for our ¢Jwn use. Income from hall hi fell this year to £15.0361£21,669 FY 22r231. OveTall income exceedèd &xpendltur& by £57,552 {-£9.444 FY 221231, driven in part by 8 considerdb18 drop in staff costs (£34,263 vs £66,407 IFY 221231. An extended renl'holiday, granted by oxfordshi County Counol further u¢ed expendrture by £19.200. Total funds carried forward al y88r ond amount to £93.106 I5,554 FY 221231. ResoThes policy It is the policy of the Ch•rity that utriCted ftJnd5 which have not been designated fgr a specffic use should ba maint8ined at 8 le1 eqUalent to Ihree months expeThdrture. The Trustee8 have rewewed thi5 pyjlky In the light of &xpervdn¢& 8nd their plBn$ and expectations for Ihe future, given the commrtmenls attached to the runnino of a signthcant-sized operational facility and the Considerab unrtsint15 surrounding tho futtsre incom$ stra8ms on v4hich the ¢h8rity deponds, the TrustÈe8 confirmed that It is prudent to niaintsin a r65erve of £27.900. The Trustaes con$thT that reservos at thi8 level will ensure that, in lh8 event of a significant drop in funding, they will be ab lo Continue the Charty's cutrent 8CtMti8s while consid8ration given to W&y8 In which &ldllional lund8 may be raised. Thls Ve1 of reseTV9S has been maintalned throughout the year. Page 3
WOLVERCOTE YOUNG PEOPLE'S CLUB LIPITITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 MARCH 2024 STRUCTURE. GOVERNANCE AND W4NAGEklEpir Slructiire govemance and management The Charity b a ccmpany limited by guarantee. The Trusteès. who are also thè direct¢xs for the purpose (fj compsny law, and who 8eThed during the year and up to the datè of Jignature of the financial $latemenls ate li81ed on the front pa98. The ¥fftPC Board of Trustees are respcmsible for the stratgjic direclK)n and flnanek81 management th& charity Ttsgether they am reswsible for deliverfng the objts oftha charity. N&w trust8es are 8pptsinted by the Boartl All trustees must be at lea5l 18 years of age and capable of managing their own aff8iTS. Thty are required to 8 Dis¢105ure and Barring Sowiee IOBS) cheth on appointment and every three years thersarter. Trust88s gNs their tlme voluntaiity and expenses may be pald. No expanses were pabd during the y8ar ewjed 31 M8rch 202412023". £nll). The BoaTd mÈets at least fouf lim65 earth year. Reports are pr8$enled from Trustees and the Charity Manager as necessary 8t each rneeting so that the Board is bxiefed on issues rdatsng diredy to them. The Bo£rd approves the annual bud9et and monitors the fln8nc181 poSitn of the chahty. New Ttustees 8re indueled iwrto thè woth'ry of th6 ch&rity. They are encouraged to gÈt to kncth th& pacy we support and our staff. Tr8iniig is provid&1 as required. None of the Tw8tS has any ben8Mal inlerost in th& cLpanY. Ari the Tru8tO98 a IrberS of th9 ccnpany and guarantes lo contribute £1 in Ihe everrt of a winding up. The company's current policy con¢emiry the p8ym&rt of trade craditor5 to frJllow the CBI8 Pronwt Payers Code Icopie5 are avallle from the CBI, Centre Point. 103 New Oxford Street, WC1A IDUI. The cornparny's curwt concèming the payment of trade creditors 1$ to.. settle the tsrms of 5Yment with suppliers when agreeing the lenns ol each Iranwti¢m'. ensure that supplErs are made aware of the tern of paymen by inclusbn of thè rekvant temis In eoTrtracts,' and pay in accordance wilh the compan1$ contractual and other18gal oblpJ8tion$. Tftde creibtors of the company at the year4nd wero equivalont to 17.6 day's puKchasès. basÈd on the averaga daty amount inv(xced by Suppl during the ytrar. Staff The 2022r23 staffing leve13 could not bè maintained in the pfèv8iling financial dlmato. The Ch8rrty Managor and AdmSnislr8tor both resvJned in JtFne 2023 and were not replaced during the financial year. Their joint duties wer$ assurned by the Trustees on a voluntary basis. Th& OperJlion$ Manag@r role w8$ remsed lo th8r of a F8cilities M8fiager with fewer respon5ibiliti8s. while ensuring that heath and s8fely standards we maintained. The Club flnishod the year with one part timÈ empby8e. A fundraising nSuan1 was relainEIS throughout the year to lead on the Club's grant appltstion¥. raising £92,519 of which £53,6tX was restricted to specific projects. We are indebted lo our bank of 8iX yOLth We[S and th8 SUDPOrt of two volijnlgors wlthout vthoae commitm¢nt, oxpvri?ncg and 8kllls we would not be ablg to Supp qu811ty 58rvices to the Club's young peoplè. STATEMENT OF TRUSTEES, RESPONsieiLlnES rhe trust¢es Iwho are also (he dlrectors of WrAvercote Young People's Clut) Lingd for the purposes of company 18wI are responsible for preparing the Report of the Trustees and the financial sloternents In accordan wlh aPpIable law and United Kingdom Accountln9 Standards (Urdted Kingdom Ganerajty Accepted Accounting Pr8ctscel. Page 4
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED REPORT OF ThE TRUSTEES FOR ThE YEAR EhlDED 31 MARCH 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES . contlnued Company law tequir&s the trustees to prèpare financi81 statements for each finarKo1 year which give a twe and lair wew ol the slate of atfairs ol the ¢harrtable company and of the incoming resources and appltcation of resources, inGluding the inccme and expenditure. ol tlie charitable cornpany for that period. In preparing those financial 8tat8menta, th8 trustees required to sdect suitable aecouniing PDlicl05 and then apply them con$i8tentty", observe the methoc*s and pfjnuples in the Charity SORP., makojudgements and estimal8s that ale reasonable end prud&ftt', prepare the linancial statements on the going GOnM basis unless it is inappropnate to presum8 Ihet the charitable company will continue in business. The truste98 are rèspon3ible for keepiny prrper actcvnling record8 whlch disclose wtth reasonable accuracy al any lime the financial poSitn of the charrtable company and lo ale them lo ensure that the financial &tstements comply with tha Compinie5 Act 2006. They are also responsible for safeguarding the assèts of the charrtable company and hence for tsking reasonable steps for the prevents'on and detection of fraud and other irregularbtie8. Approved by order oflhe board oftrustses on..... .... . and 8igned on ts tEhalfty. Drv E Tate- Twste& Paae 5
INDEPENDENT EXAMINER'S REPORT TO THE TRLISTEE8 OF WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED Indopendènt •xaminèlB report to th• trustees of Wolvercots Young Pfjople Club Umtt•d Ilhe Company'i I report to the tharity trust8&8 on my eXaminth. of the accounts of the Company for th8 year ended 31 Marth 2024. Re$pon$lbillties and ba51s of report As the charitys Iruslees of the Company land also ts ditsel0 lor the purposes of company Lgw) yw are responsyole lor the pr8para'on of th& aecounts in accordanGe the requirernentg of the Companies Act 20061'lhe 2006 Acl'l Hawng satlsf18d rnyself thd th8 account5 gf the Cornp8ny are not required lo be audtted under Part 16 01 the 2006 Act and are eligible for Independent exarninalion, I report in respect of my &mInatn of your charity's aountS a5 Mell out under Section 145 of the Charities Act 2011 Ilhe 2011 Acl?. In c8rrylrrtJ out my èxamination I hsve folk the Direcli¢Jns given ty the Charty Commission under S¢ction 145151 Ibl Of the 2011 Act. Independent examlnerfs stgtement I have compl*ed Iny examination. I ccrfirm that no mattèrB have come to my attenlton In Connectic th the examination gpilng me caus8 to b8[ve.. accourtin9 ler(IS We not kept In respect of the Company a8 required by Sectw)n 386 of the 20( Act.. or thé accovnts do not aOrd wth those record$. or the èccounts do not comply with the ac¢ovritillg requirements ¢1 Section 3 of the 2008 Act othBr than arly requiremeryl that the accounts give a trug and fair vth whh 1$ not a mattèr eonsidered 8$ part of an independent examin8tion' or the accounts have not been prepared in accordance with the methc4ts and princip$ ol the Statement ol Recornrnended Practice for aCCting and reporting by chariti'es (applibla lo tharittes preparing their accounts In accord8nce with the Financlal Reporting Standard applicab in the UK ènd Republic of Ireland IFRS 10211. I have Corern$ and have come &r&8s no oth&r matters In connectin th th• exarnin8tK)n lo which attention shoukl be drawn In this report li ordèr lo enable a proper UnderstdIng of &CGounts to be reached. Philip Burton FCA Bron5ens Chartered Certifd Accountants Ed8n House Two Rivers Bus[rsS Park Wrtney Oxford$hire OX284BL 102¥ Pag& 6
WOLVERCOTE YOUNG PEOPLE'S CLU8 UMrrED STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31 klARCH 2024 Unrestrided fijnds 31.3.24 Total fund8 Restricted fiJnd$ 31.3.23 Total fund8 INCOME AND ENt)OlfyNENTS FROM Note$ Donations and legacias Othertrading xtlvtheB Investment income 54,258 107,864 85,167 17.420 19 17,420 19 23,814 20 Total 71,697 53,eA16 125,303 88.001 EXPENDITURE OM Raislng fijnds 5,000 5,636 Charitsblg actIvlaS Charitable expenditur 6,414 58.920 ),329 5,831 5.831 2,280 Total 61,337 8,414 67,751 98,245 NET INCOMEIIEXPENDITURE) rransfors beeen funds 10.360 7,980 10 47.192 17,9801 57.552 19,4441 Net movement in fund¥ 18,340 39,212 57,552 RECONCIUATK)N OF FUNDS Total funds brw9ht forward (9.4441 10,rKJ1 25.553 35,554 44.998 TOTAL FUNDS CARRIED FORWARD 2B.341 64,765 93,1(6 ,554 Th? ntXg5 fomi part ofthe59 fin•nc4al ststement P8y7
WOLVERCOTE YOUNG PEOPLEE CLUB UMITEO BALANCE SHEET 31 MARCH 2024 Unrestricted fvnds 31.3.24 Totsl funds Restrictod funds 31.3.23 Tol81 funds FIXED ASSETS Tangible 8888ts 2,431 2,431 CURRENT ASSETS Debtor8 Cash 8t bonk 4,436 29,794 64,765 5,298 29,076 94,559 30.738 64,765 95,503 CREDITORS Arnounts falling due wthln orE year 34.374 14.828) (4.828) 13,2561 NET CURRENT ASSETS 25.910 64,785 90,675 31.118 TOTAL ASSETS LESS CURRENT LIABIUTIES 28.341 64,765 93,10e 35,554 NET ASSETS 28.341 84.765 93,1C6 35,554 FUNDS Unrestricted fund$ Restricted funds 10 28,341 64.765 10,001 25,553 TOTAL FUNOS 93.106 35,554 The charilablè ¢omp&ny is ontit16d to exemption frcyn audft under Section 477 of tho Companies Act 2006 for tha year ended 31 March 2024. The members havg not required the company to obtsin an audit of fts financpal ststements fcy the year ended 31 March 2024 in aCrdanCe wdh Sgcts'on 47S of the Companies Act 20Cfj. The trusteès ad(nowledg¢ their spOnSIbl11t$ for lal Ibl 8nsuring Ihal the charitsble company keeps accounting r8cord8 that compty with S8dons 386 and 387 of the Companies Act 2008 and preparing financlal statement3 wthich gi a true and fair view OF the state of affaits of the eharilab company as at the end of each financial year and of its Surplus or deficit for 08th financi81 year in aCcor(jan with Ihe requirements of Sectn3 394 and 395 and which otherwise cornply with the requiremsnts of the Companles Act 2006 relating lo finanei81 statement5, $0 far as applicable lo the charitable company. Thes• financaal 3tat•nents h8vg been ppSTed in accordÈnce wth th8 provi8bn8 applicable lo ch8rttao COmP8nles subjtsct to th8 8mall companies regirne. The fin8ncl&l statements approved by thè Boarcl of Trugt9es and authutsed for issue on . ar were spaned on its beh8Kby.' Dr li E Tat•- Tru¥lB¢ The note5 form part ol tha8e financk81 st8tem¢nts Page 8
WOLVERCOTE YOUNG PEOPLE'S CLUB LlhllTED NOTES TO THE RNANCLIL STATEMETrrrs FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNnNG POUCIES Basls of prèparing the financial statomerits The financial slalemenls of the Charitab company, whh a publ benefit entty under FRS 102 h8ve been prepared in accorijance wrth the Charllw SORP IFRS 1021 Accounting and Reporting by Charities.. Slaternent of Recommended PractKe applvblè to charFties preparing their accounts in accordance with the Fin8ncial Reportlng Standard applibI in the UK an¢¥ Republlc of IreLgnd {FRS 1021 leffeGtive 1 January 20191., Flnanclal Rep)rting Sland8rd 102 'The Finan¢i81 Reporting Standard applvble in the UK and Republic of Iidand, and the C(xnpanies Act 20fb. The financtal statements have been prepared underthe hkstorical cost convention. Financlal reportlng stsndard 102. rgduc8d dlselosure ex•mptlon$ The Charitable campany has tsken advantage of the following dLsclosure exemption in preparing Ihe8è fin8ncial statm8ntS, 88 permitted by FRS 102 The Financial Reporting standard appIabl& in th8 UK and Republic of IreP8nd.. th8 requiremellts of Secllon 7 Statement of Cash FEowg. Crltleal accountlng judgements and key sources of estlmation uncertalnty In the application ol th¢ Charity's accouniing policies, the Trustees are required to make judgements. estimates qnd assumplions about the carrying mount of assets and liabllitie8 t are not f98dlSy apparent from other SOU$. The 8s1irnates and associated 8&sumptions are based on hislorrAI expèrience 8nd other faeior$ that are con5wJered to relevant. Actual rosutts may ¢Jiffer from these e5timales. The estimates and undwlying assumptions are reviewed on an ongoing basis Remsions lo accwnting esllffjates are re¢ognised in thg penod in which estimate Is veMsed whore the revision affects on th81 period, or In the period of the Twsion and periods wher8 the revis affects both current and future pericKIs. There Te no judgem&nts c¢8tr"mates rnade in the year In¢ome All income is recognis&S in thg statot of Financial AdiwIS once the charity has 8ntitlernent to the funds, rt is prrknabl? that the income will be a1 the amount can b& measured rèlwbty. Cash donations ère recognisod on recèipt. Other don8tions are recoyniw onco thè Charity has been Iiotifiad of tha don81Dn, unl6s5 portom)ance condib'ons qUIre deferr81 of the amount. Inccme lax recoverab in relation lo donatv)ns re¢&vèd under Gift Aid or dee(Is of coven8nt is rec09n1s at the me of thts donation. Exp•ndltur8 Expenditure is CognISed once there is a legal or eonstruth've obllgation to transfer economi¢ benerrt to a Ihird paty, il Is probable that a transfer of e¢onomic beneffts will be required ift settlement, and the amount of the obligation can k measud reliabty. Expendrture is classified by activty The costB of each activity are madg up of the total of d1ct costs and shared costs, Including support costs Invo in undertaking gach acllvty. Direct costs attributab tts a single activity are allocatad directly lo that activrty. Shared costs which contribute lo more Ihan one actwity 8nd support Costs whh arè not attnbulabltr lo 3 single activity are 8pportioned be¥ten those 8¢1ivilies on B b991ts colltsiBt&nt wSlh th8 U8e of re50ur¢e5 Central 518ff costs 8re allocated tsn the b8sis of time spent, and depreciation charges are 8llocd on th8 Partft of the asset's usè. Impa5rn16nt of fix•d assets Depreciation i5 provKled al th& fokn*Ang annual rates in order to wrfte off eh as58t ovw rt¥ 8slimated useful life. Motor v8hths Computer equi)rThent 25% on reducing tialanc8 25% on reduclng b•lan¢g Page 9 continued...
WOLVERCOTE YOVNG PEOPLE'S CLUB UMITED NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNnNG POLICIES- contlnued Impalmiènt of flx¢d assets Al each reporting end rJ8te, the Charity raviews the carrying amounts ol ts tangib assèts to determine whether there is any indication that th0 assets have suffered an impairment bss. If any such Indicatton ox151s, the recoverable amount of the assei is estimaled in order lo delemiine the oxtent of the impairment loss lif any). Taxatlon The charity exempt from Corporat tax on it8 ch8rftabl& actlwties. Fund accountlng Unrestricted funds cth be used In ac(x)rdaw with the ch81itable oblecknves at thg discrètkm of the trusle¥3. Res1rrcl lunds can onty be used for partKuigr re81ricted purws within the Objects of the ¢harily. Restriction8 ari8e wh8n sp@cffi by the &)nor rx when funds are raised for particular restricted purposes. Further explanatlon ol the nature and purpose of exh fund ts rncluded In the notes to the financial st8tement8. Pgnsion costs and other p)st-retir•ment benèffts The charitable company operates a defined contributron pènsion 8¢hem8. Contributions payable to tho ¢haril8ble comp8nys pension scherne are charge(* lo the Ststement of Finan¢ig1 ActM18 In the pèriod lo whth they relate. OTHER TRADING ACTivmES 31.3,24 31.3.23 Fundr8i8lng events Tuck shop in¢c¥ne Hall hire Other ino)n 542 1,382 15,036 716 21.ts9 1,229 17,420 23,614 INVESThIENT INCOME 31.3.24 31.3.23 Deposit account Interest 19 20 NET INCOMEIIEXPEMDITURE Ntrt inc(expendrfur9I 15 Stated aft•rchar9inty(cllIing}.' 31.3.24 31.3.23 Auditors, remunoration DÉpreuaton- owned 888ets Surplus on dispo3 offixed assets 5,831 810 13,0551 2,280 1.479 Page 10 continued...
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMrfED TES TO THE FINANCIAL STATEMENTS- Contlnugd FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFITS Th•re wera no Iwtees. remuneration or other benefft8 for the year ende&l 31 March 2024 nor for the year ended 31 March 2tr23. Trt*•$' a¥$e5 Th8rB wefe no tru81ees' e)p8n8e8 pakl for the year •ndad 31 March 2024 nor for the y8ar end&1 31 March 2023. STAFF COSTS 31.3.24 31.3.23 Wages and 8alaries Other pensbn cogts 33,753 510 84,647 1.760 34,263 e6,407 The aver4ge monthly number ofemployoes duriro the al was as folltrw8." Youth Wotkers Admlni8trat 31.3.24 31.3.23 No employees ts¢ed emduments in exce58 of e60,C4)0. TANGIBLE FIXED ASSETS Motlx Computer equlprnont Tota COST Al 1 April 2023 Disposals 15,919 {15,9191 18,291 34,210 115.9191 At 31 2024 18,291 18,291 DEPRECLITION At 1 April 2023 Charge for year Eliminated on disposal Al 31 March 2024 14,724 75,050 810 29.774 810 {14,7241 114,7241 15.860 15,860 NET BOOK VALUE At 31 March 2024 2.431 2,431 At 31 March 2023 1.195 3,241 4,436 P&Je11 )ntinu•d...
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMJTEO NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS.. AMOUNfs FALUNG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade d8blors Prepayments 336 4,$90 5.298 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Tradè eJeditor5 Oth&rcredito Aruad expengè8 957 1,471 2,400 23 833 2,4 4,828 3,2 10. MOVEMENT IN FUNDS Net Tran8fe betyve?n fund8 movement In fun(ts At 1.4.23 At 31.3.24 Unrnstrlctsd G8n•ral fund 10,001 10,360 7.980 28,341 Rostrfctgd fisnd8 Musr Prqect Inibus Fund Raising Driver Training forth8 minibu$ OXCC Heatlng FcM)d CC Summer Evan1$ TASOArt Cafe Youth Equiw)ènt Young Womèn's Group Dr8gon School OCFCBESS Cuttèslowe Youth Pr*ct Y¢ung Men8. Group Hall R8furbi$hmenl and Dishwasher 12,952 2,017 738 830 1,020 431 198 200 673 4,994 1.500 5,750 12,952 7,767 (7381 (8301 11,0201 3.5 4,021 11981 12001 14,9941 3.767 50D 17,434 1,418 11.9C6 3,500 2,01)o 17,434 1,418 11,906 3,500 25,553 47,192 (1.9801 64,765 TOTAL FUNDS 35,$54 57.552 93,1C6 Pajo 12 continu..,
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnuad FOR THE YEAR ENDED 31 MARCH 2024 10. MOVEMENT IN FUNDS- conllnued Net movern8llt in fund4 included In the above are as ftsllows.. Inco1ng sources Resources expended Movement in funds un$trICd funds General fund 71.697 {61,3371 10,260 Restrfcted funds Minibus Fund Raising Sumrykr Ev8nts Young Wornen'5 Grovp OCF C8ESS CuttEslowe Youth Prgect Young Mans, Group Hall Rpfurbishrnenl Oven aTrJ Dishwashor 5,750 3.750 3,500 500 19,250 2,000 15.356 3,500 5,750 3,590 3,094 500 17,434 1,418 11,9C6 3,500 19601 {4061 11.8161 15821 13,4501 53.6C 16,4141 47.192 TOTAL FUNDS 125,303 IS7,7511 57,552 Comparatlvets for movement In funds Net movement funds Al 14.22 Al 31.3.23 Unrestrf¢ted funds General fund 20,191 110,1901 10.001 Re5trfcted fund8 U8ic Project Minibus Fund Raising Driver Training loi the mlnibu OXCC H8ating OXCC Media Fcx)d CC Surnmer Event5 TASO Art Calè Youth Equipmènt Young Women's Group Diagon School OCF CBESS 11.952 2.017 738 830 2,819 1.020 431 1,OCK) 12,952 2.017 738 830 12.8191 1,020 431 198 200 673 4,994 1,500 198 200 673 (6) 1,500 5.CQO 24.807 746 25,553 TOTAL FUNOS 44,998 19,4441 35,554 Page13 continued...
WOLVERCOTE YOUNG PEOPLE'S CLUB UMITED NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 MARCH 2024 10. MOVEMENT IN FUNDS- contlnuod Compar8twe net nyJvement in funds, Includ In the above are as loll¢pw8.' Incoming resourc8s ReSIre88 exp8nd& Movarnent in funds Unrgstrlcted funds Gener81 fund 72,601 182.7911 110,1901 Restrlcted lunds MUS Proiect OXCC Media TASO Art Cafe Big Lottery summer Youth Equipment Young Women's Gioup Dragon Scho OCF CBESS 1.000 1,000 12.819) 198 12.819} 18021 111.7501 1.000 11,750 200 750 200 673 161 1,5C {771 16) 1,500 18,200 115.4541 746 TOTAL FUNDS 88,801 198,2451 19,4441 Purp069 of re$trlcted fund$ Funds ree8iv¢(f in respect o19rants and donatiornq are uty"lised in accordane wrth th• donorfs wishes. DESIGNATED FUNDS Th8 income lunds of th¢ charty incluilè th& foll¢)wNig d¢signated fund5 whth hava been aet aside out ¢Jf unreslrwed fund8 by the Iruste8s lor¥pe&lk purpoges.. Movem•nt In deslgnated thnds Incoming BaJan( at 1 Movement In r88ources )ri12023 the year BaLgnce al 31 March 2024 Minibus Mu$ic Studio Stsff 1,195 10,000 S,OC¥J 2,312 3,055 110,CQOI 4,250 5,000 1810) 1e,507 17,7551 10.752 Purp06• 01 denat•d fvnds: Minibus The minbus was sold dvring thè year. The sHle v&luo 60t aelde tmrds the purchase of a new rninltyus. Mu$l¢ studlo During the year IAe trus18es resohffjd to divert funds pmiously designated to support the in8tsllatKJn of or(ling $tudio lo general funds. Staff Thtt trust88$ have de8tgnattd e5.000 to cover staff Ilabilit8 in th& event of • drop in Incon. Pao• 14 continuJ...
bVOLVERCOTE YOLING PEOPLE'S CLUB UWED NOTES TO THE F114ANCIAL STATEAIEfr¥fs- ntInUed FOR ThE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS. contlnued IT The funds desnat& for rr are belng amortd to matc* the dgprwaucm chargo in th8 finoncial 5tatement& 10. 11. RELATED PARTY TRANSACTIONS There weffj no related p8ty tran8aclw forthe yéar8nded 31 March 2024. Pa38 15
IIIOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED DETAILED STATEMENT OF FIW4NCIAL ACTivmES FOR YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donaiion8 and le9acF88 Donatb)ns Gift 8id Grants Svbscripth'on$ 11,031 4,072 92.519 242 20.324 3.643 41,200 107,864 65,167 Othor tradlng actlvltles Fundraising 8vents Tuck shop income Hall hire OLh&r incom& 542 1.382 15,036 716 21,689 1,229 17,420 23,614 Invostment Incom• Deposit account inl8rg3t 19 20 T4)tsl Incomlng regoureos 125,303 e8,801 EXPENDtTURE Ralslng donatlon$ and legacitis Other fijndraising CA)Sts Charltsble octlvlfj Slaff c¢>st8 Other penslon coÈts Rent and rates Insuranca He8t. ligh¢ water w4u(pment OfFre and IT cstS Pvblicity Sundry 8XPgnsès Youth Woth Equirment Travèl, Aclivides Sub5CriPt Service contract5 Cleaning èxpenses Repairs and Motorexpenge8 Tuck Shop Expenditure Depreciation 91 motor vehides DeprecialK)n of computer equipment Profil on Sa of langiblo fixj asset8 5,C0 5.636 33,753 510 180 B31 7,919 2.857 157 412 214 2,434 612 195 7,950 1.141 64,647 1,760 350 1,115 5,658 3,599 372 169 625 5,403 722 160 3.978 272 399 1.080 810 13,0051 56,920 9J,329 Support eosts Thi8 pa9e does not fomi part of th& ststutory financL918tatn•Trts P*Je 18
WOLVERCOTE YOUNG PEOPLE'S CLUB Me0 DETAILED STATEMENT OF FINANCIAL ACTIVtriES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 support$ Govgmaneè costs Auditors, remuneration 5,831 2,280 Total resources axpended Net lfv¢om•ll•xpondlturo1 67,751 98,245 57.552 19,444} This paoa doe8 notform part ofthe Btatutoryf6nandal statenwts Paga 17