REGISTERED COMPANY NUMBER.. 08125791 IEn9land and Wal081 REGISTERED CHARrrY NUMBER: 1149132 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR WOLVERCOTE YOUNG PEOPLEB CLUB LIMrrED BrsenS Chartered Certified Accountants Eden House Two Rivers Bu&ne5s Park Wrtney Oxfordshlre OX28 48L
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Page Roferen¢e and Admlnlstrative Details R•port of the Trust$ 2 to 5 Independent Examiner's Report Stat•m•nt of Financial Activitiq¥ 8alan¢8 She•t Not08 to th• Financlal Statomonts 9 10 15 D•tailod Statsm•nt of Financial Activities 16 10 17
WOLveRCOTE YOUNG PEOPLE'S CLUB LIED REFERENCE AND ADMINISTRATIVE DETAILS FQR THE YEAR ENDED 31 MARCH 2025 TRUSTEES Mr D J Dulhie Mr A Fenton DrVETale Mr A J Ganl (appc4nted 9.5.25} REGISTERED OFFICE Astral H(xJse GranvS118 Way BIstar Oxfordshire OX26 4JT REGISTERED COMPANY NUMBER 08125791 {England and Wales) REGISTERED CHARITY NUMBER 1149132 INDEPENDE EXAMINER 8ronsens Chartèred Certified Accwntsnts Eden House Two Rivers 8uslness Park Witney Oxfordshire OX28 48L Pag8 1
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees of Wolvercote Young People Club (WYPCI (the 'Club"l. who ar8 also dlrectors of th8 charity for the purposes of Ihe Companies Act 2006, present their annual report and financial 51alements for the year ended 31 March 2025. The financial statements have be8n prepared in accordance wrth the accounlSng policies sel out In note 1 10 the financial 51alemenls and comply with the Charitls Articles of AssoGlaiion, the Compani&s Act 2006 and 'A¢nting and Repothng by Charrtles.. Slalemenl of RmMended PraCte applicable lo charities preparing their accounts in accordanc8 wlth the Flnandal R8POrtlng Standard applicable in the UK and Republic of Ireland IFRS 1021. leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and actlvltles The Trustees have paid due regard to guidance issued by the Charty Commlssion in déddlng what activlties the Charity should tJnd8rtak•. Thè charity's purpos ara sèl out in its Artidgs of A550rAatson. The objects are to promote the mental. phy&cal, and spiritual well-being of young people in Wolvarcota. Cutt8sl(ywè and thè surrounding ama. The Club provides 8 safe pla for young pwple to grow, flourfsh and leam how lo make a positive contribution lo the local community and wider sodaty. undar the guidan¢9 of qualifiwj youth w(Kkers and tralned volunteers. The Club's aim5. objective5 and beneffts for its young people are rgvivwgd annually. The Twstoes assess the Club's effectNenèss and achièv8menls and decide which activities should continue and what 8ls8 could done to empower young people lo make informed deCiscS to benefit theSr ftjluw. Page 2
WOLVERCOTE YOUNG PEOPLES CLUB LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Achi¢voments and p¢rForman WYPC is one of the 08$t and most establSshed youth Provisions In Oxford City. Found8d rn 1939, il has evolved over thè decades into an in¢lusive. communify-focused organisation, working in o)opefation other I(al groups to SUPFKJrt the needs of young pwple. WYPC ntInUeS lo éemonstrale r8silience through signifficanl Kéetal and organis8lK>nal change. remaining rootsd in its d8dicatiori lo youth work. This year has brought both challenges and successes. The departure of our senior youth Workers has made il harder to deliver consstenl programmes for okjer age groups. While we have activdy sought replacements. national cutbacks to yOLrth services have crèated a comp8tiUve environment where salary 9xpectatn8 often excead our resources. This challenge has prompted an Important realisation.. for the Club to remain sustainable and nnue ddwering for our community, we must 8xplore allernalive modds of provision. In r8sponse. we hav8 devèloped a new strategic plan, informed by a community wrv9y, lo guide WYPC through Ihls pericJ of change. Our VISMM is to be recognlsed by the community In and around Wdvereote as a place of social eonnecti that promotes wellbeing for 311 ages. Our mission is lo provide. and host, inclusive programmes and services that addrgss inequalilies and enhance the Wlb'n9 of évèryone bmlhin tha local area. Over the next five years, our strategic aim is to reframe and align WYPC as a community hub - an 85set that engages young people as key drivers for social change. Vve will create programmes that recognise arKJ hampion tha mutual beneff( that comes from bringing young péople and the wldef wrnmunily together in an inclusive space. Our work will all wth natlonal, (x)unty, and Oxford Cty strategic initi8tives. embracing Marmot PrincieS to énsure our impact is both holistic and ovidence-based. This refr8wing will ba delivered through a prograrnme ofwork covertng three core pillars, all underpinnad by enduring ethos. Collaborati¢n and Partnorship Cdlaboration is a comerslone of our strategy. Our nerk with publk seNice providers, community groups, and local businesses has continued to grow and slrenglhen, developing inlo etive, kjng-temi partnerships. These relationships not only enhance our capacAty to ddiv&r programmes but also deepen our connection to the wider community. Our strategic planning has benefited gready from the support and encouragement of the Oxford Niyth developmenvs ESG team, whoso 8ngagement has helpwj us refine our dir8Ction and broaden our ambitions. While addressing staffing challenges. wg have also madg s19nifanl progress in irnprovin9 our facllilies for the benefit of the whole ¢ommunity. In thè past year, our 19505 building ha5 begn upgraded with a modem, reliable heating syst8m. all single-glazed replaeEd with high44ualily double glazing. and fire dcor8 renewed to improve safely. We havo also insialled a twin electric vehlcle Charging point, available to Ihe publi¢. further strength8ning our environm9ntsl credentials. These investments ensur8 that WYPC remains a wami, safe. and sustainable space. fft for the future and r88dy lo deliver on cwr renewed mission. Looking Ahoad As VVYPC approaches a ne chaptar in ts long history, we do so with a rjear 88nse of purpose. The hallenges of the past year have not diminishe£l our resolve they have sharpened It. Our strategic plan provides a roadmap for tr8nsfomation, ensuring that WYPC remains responsNe to local needs whil8 staylng true to its haritage ol youth work and ¢ommunlly connacUon. We recognlse that sustainabillty depends on adapt8biltty- By embracing a broader MmUnity hub modd, we can create opportunib.es for Yng people lo lead, connecl. and inspire, while fostering interg8n8rational relationshlps that strengthen the social fabri¢ of Wolvercote and its surrounding areas. With ren8wed facyliknes. a stronger environmental commitment, and a strategy built evidenL and collabgralion. we are confident in our 8Lxlity to meet the futurè with optimism. WYPC wll continue lo be plac8 where people fed welcome, valuad. and part of somethino bigger - a place that reflects the best of our community and helps shapè its future. Page 3
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 PMRCH 2025 FINANCIAL RPIIEW Principal funding sour The charity's main sources of inccmè are derived from vdunlary dCatIons, gr8nts from charitable trusts and foundations, c(¥wrale donations, gifts (large and sm811> from private donors, hall hlre and fundraising 8vents. Income vs •xpense5 Income of £122,751 IFY 24-251 rem8ln8d closg lo last year's total1£125,3031. Grant income fell to £e7,184 from £92,519 for the prevlous year. Unrestricted funding 3150 decreas&J lo £31.738 [£54,258 FY 231241. Income from individual donab.ons remains low 1£10,894 vs £11.031 (FY 23r2411. The Club is operated through premises owned by Oxfordshire County Cwncil. The charity oul Ihg Club's facilib'es lo Iwal groups for community acbvilles, when they are not required for youlh services. Medium-t8m) hiro contracts with organisations that use the pr8mlses during the daytime, and which share the Club's mission and ethos, have more than doubled hall hire incomg 10 £35.097 {£1S,036 FY 23124). An extended rent 'holidaW granled by landlord Oxfordshire County Council rad1 budgetaj exp8nditura by £19,200 for the third year in a row. Staff cA)sts fall again from £34,263 IFY 231241 to £26.220 IFY 241251 due lo difficukn8s finding a suitable replac&mant Sgnior Youth Worker. Conwuenlly, overall, income exceadad expenditure by £14.3051£57,552 FY 231241. This reflacts the significant investments ma(Je In refurbishing the building, oftsel by increas8d hall hir8 8nd savings from reduced salary bills. Tot81 funds carrEd foward 8t year end anK)unl io £107,4111£93,106 FY 231241. R¢serves policy It is the policy of the Charity that unr8slricled funds which have not been deslgnated for a specific use shtsukl be maintained al a18vel tyuivalenl lo three month's expgndiluie. The Trustees have reviewed Ihls policy in the light of experience and their plans and expectations for the future, given the commitrnenls attached lo the running of a signthcant-sized 0ratiOnal facilty and the consider8bk uncertainti&s surrounding the future inwme streams on which the charily depends, the Trustees confirmed that it is prudènt to maintsin a reserve of £27.7. The Trustees consder Ihal reserves at this levd wll ensura that, in the event of a signIfan1 drop in funding, they will b8 able lo continue th8 Charity$ urrenl activities whilo ¢sideratIon is given lo ways in which addibonal funds may be TaSs&J. This level of reseeS has maintained throughout the year. Page 4
VIOLVEftCOTe YOlA4G PEOPLE% CLUB LIMTED REPORTQF THE TRUSTEES FOR THE YEAR ENCéD 31 MARCH 2026 STrUCTURE, GoveR14ANCE AND MANAGEhENT 8trurlur•. LKiv•rnanco 4nd m•mgom•thi The Charty Lq a coryany littted by guantee The Tru$le88. who are aao the drethors k)r tho of ctyrpany L. and vtho 8erytrJ durfnp thè yaar 8j upIDtP of npWre oftrefinanry stait8$re ltedMth8 tront pagè. The WYPC 8oatU (rf Ttustse5 4r0 res8 for strateglc dkfKthon nwenxnl of the thBrty. Togetsrthey are respts10rdth•1ffig the Ob1& ofilTe Larlty 14èw ItU5tees kne Al Iru8t088 YF¥JsI be 81 $t 18 ypard of 4e and r4AtrAe rrf rrn8oing their offRn Thay are wulred to 8nd Batrlty SOre IDB81 rheck on apwthniand everylhreo Y Ireafter. Trust gNOlhoir ¥dUrrtty and expopws p•bJ. No •XPmB ¥¥oro dmrfrg Ihè year 31 Merch 202512024". £1. Tho Board mekn at its£t fDur timeB year. are fr(th Trus8¥ and the Chdrity Mwa98r &5 nècesw 4t gfich Ihat the Board 18 brwed on188U88 ran0 dtrth b) thtrt 8oArd apwo¥o9 et and IhpfinKlal on0fthe LaTty. NeWTta•S itsd inlo the Wtrn9 of ihe thoty. TW are encwaged g•tkn knowthè wo ar ourjtsff. Trainhig 1$ pro&1 36 requlred NonE crf the Truslaw any beoefk41 Intw86t tho wnyny. Al th8 Tr96 atè ol th• mpanyndwantswlo c¢1£1 kn th8 eV8ntofa up The MpanO fJJTrent tAJW ccffjtsmlng the tsade uedttors is to fdkNJ Ihs C81.5 Pronty P8y8r8 Coda Ic050[8¥a1Lqbfromtht CBI. ce[rt 103 New Oxford Street LOndonVlA 1DUI The poltyy pafftntoftrBde L¥edknB i to.. . 60IUethg tfftofpgymentith PpIr$wherr$8g thetsimsofe8ch IfAn8aCtknn". . Sure Ihat Sup a• rr of Ihe tenr¢ of pwrrnt ty IndUSb of Ihe I nirarts., and payln &tLY)rf8ncewth thernrryonV&coitr88l and fther18g81 oblas. Tho 2024r25 stsffin9 18¥d rerndned Iw Tkno Charty M8nBgw an¢ posts, whkth vatt•ni kn Juno 2023. have not bean refilled Mary al their Int dth9 8$$umpd by lh8 TTustse5 on k b3516 A rtme Senkr Admlnistrator who joined the ts•m In odobet 2024 has lakg egwro (dtth• TNsl888. The F¢lkies Manwr18ft the team gl of Janu8ry 2D25. The club finis e year ono part me •mty¥. A ndlra aJn8uttBrl rthr¢ Ihrwghoul Ihe y88r lo ad the Club'ts grani app4L3tion8. ramng £87.184 01 whlr É50,184 was re6btsd to $P8¢ffj¢ vose. A Slratsu Consuan1 lokned tts Te 2025 10 ofv 8nd 8UPPOrt to TDJSt885 ¢afi1 ¢xg&nknatk stratsL1caj deirtsry rtY. are knrbted to oui YC11 workus and ma Wrt of vduniBers kntthoul 4%th05e c0rnmftrL txperfencd A1 n(rtb&•9t0$UYqUty seIt0 IhB CIL4>'5yo9 Pwproved ty ord9rolthg bp4rd oftrustO8$ fyi . J......... ... .... and nÉd on itsOeh&f ty. tk V E Ta- T(ust* Pfyyty5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED Indendont rnIner roport to th8 trust of Wolvercote Young P•opl•'$ Club Limited Ilh• Company I report lo the charity trustees on Tny examination of the acnts of the Company for the year ande 31 March 2025. Responsibiliti•$ and b•$i$ of report As the charity's trustees of the Company land also ts dirtorS the Pufposes of company lawl you are responsible for the prep8ralion of the accounts in accordance wth the requirements of the Companies Act 2006 l*h& 2006 Act'l. Having satisfied myself that the accounts ol the CpanY are ngt required lo be audited under Part 18 of the 2006 Act and are digible for independent 8xamlnalion, I report in respect of my examination of your charity's a¢¢ounts as Carri1 out under Section 145 of the Charfties Act 2011 Ilhe 2Q11 Act'l. In carying out my examination I hava followed the DtIOnS gwen by th8 Chadly commissi under Section 145(51 (bl of the 2011 A Indopondent èxaminorfs statoment I have compl818d my examination. I confirm that no matters have come to my attenlK)n in conne¢tion with the examination giving me cause to believe.. accounting racords w8r8 not kept in respect of the Company as roquired by s110 386 of the 2006 Act., or the accounts do not aCd with those records,. or the accounis do not Comply with the accounting requIr8mtS of S8thon 396 of thè 2006 Act other than any requirement that Ihe accounts gwe a true and fair view which Is not a matter consider8¢J as part of an independent ex8min8lion: or the accounts have not baan prepared in accordance wth the methods and prfnclpl8s of the Stslement ol R8commended Praclice for accounting and reporting by charities (applicable lo charities preparlNJ their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irdand IFRS 102}1. I have no concams and have come across no other mallers in connection wth the examination lo whi attentirj) should be drawn in this report in order to enable a proper Ltnderstanding of the aLxounts to be reached. Philip Burton FCA Bronsens Chartar8d Certffied Accountants Eden House Two Rlvers BunesS Park Witn8y Oxfordshire OX28 48L Date". Pag8 6
WOLveRCOTE YOUNG PEOPLE'S CLUB LIMITED STATEME1 OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 Total lunds 31.3.24 Totsl funds Unrestrict funds R8slricl funds Notes INCOME AND ENDOWMENTS FROM Dcffialbns and legacies 31,738 50,184 81,922 10T,864 other trading activities Investment income 40,777 52 40,777 52 17,420 19 Total 72.567 50,184 122.751 125,303 EXPENDITURE ON Raising funds 5,400 5.400 5,tK)o Charitable actlvtties Charitable expendiiurg 57,536 39,991 97.527 56.920 Other 15,519 68.455 5.519 5.831 Total 39.991 108,446 87,751 NEf INCOME Transfers b•tWo•n funds 4.112 11,9821 10.193 1,982 14,305 57.552 10 Net mov•mont In funds 2,130 12,175 14,305 57,552 RECONCILIATION OF FUNDS Total funds brought forward 28.341 64.785 93,106 35,554 TOTAL FUNDS CARRIED FORWARD 30,471 76,940 107.411 93,106 Thè notes form part ofthese financial stalements Page 7
WOLVERCOTE YOUNG PEOPLE'SCLUB u¥rrED BALANCE SHEET 31 MARCH 2026 31.3.25 Tcthl fun 313.24 unrestt R#¢rthd fvndB fund8 FIXED ASSET8 Tangiblg aysets 1.823 11,722 2,431 CURREi¥f ASSETS 3,294 107,480 ¢8¥h at 40.439 67,041 94,559 43.733 67.041 110.774 ,503 CREThTORg Amounlsfalling ye 115,06S1 14,8281 NIT CURRENf ASSErs 2B,648 67,041 95,689 90,875 TOTAL ASS$ LESS CVRREMr UABIUTIES 78,940 107,411 93,1LIry NET A38ETS 3P,471 107.411 93.106 FUNDS unrestr( fund8 Reslrtted fund5 io 30.471 78,94a 28.341 64,765 TOTAL FUNDS 107,411 93,1( Tho charitabk c199Y 1$ gnbw to rnPtbn Irt undor 477 of ts Corkyrw Ad 20Cfj f Ihy&grwKl•Y 31 Marc 2025. Th& rwt rwuithy the to obtain ah audit of its finanoal atatemerds lor tha ye8r endad 31 March 2025 in attudance with S8¢bon 476 oflhe Companies A¢t 20C6 The trust8e8 aCrbd9th8Ir res81b11thÈ8 for 141 eThring that the Charitab company ko8p8 ae¢ouhllng recordy Ihat comply wmh sec1n& 386 and 38T ofth8 COrryn Ad 2QM and Ibl pffjp8nny fianGl stalfflnels Y4hich givè a IW0 artd fr4r of ths s18te of affalpd of charftab cornpany at the of e8ch fncIal y88r gnd of its sulUS or dèfvl for aath tk)anoal yoar in accorda& with tha roqurnnonl$ of So¢lons 394 395 8nd which comFty wrth the uirwknts of Ihe Cornparit At# 20( relatr.ng lo flwn¢Yo1 far a$ applkabk to the ari1gb curwy. fin91 stathont8 h& prepsred In aco)rtanc8 with pmi¥k?ns applic&)K• to ¢hariW companvas subJ&cttots sm$ll wmpgnies rrywne The financigl slat8ment8 Were appro¥8d by tl* 808rd af and auth0ri5ed tr wue ..£..£s¥Y., .It4 L£$nd were $aned its beha Y Dr V E Tats. Tru8ts8 The nots& form part oflhe8ofnaraal slatsmnts Page 8
WOLVERCOTE YOUNG PEOPLE CLUB LIMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES 8aBl& of preparlng the flnancial statemellts The fin8n¢ial slalements of the charitable company, which is a public benefit 8ntity und8r FRS 102, have béan prepared in acu)rdance with the Charities SORP IFFiS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to thariti8s pr8paring Ihwr 8¢¢0un15 in accordance with the Financial Reporting Standard applicable in the UK and Republio of Iland IFRS 1021 (effective 1 January 20191., Finanaal Reporting Standard 102 Tho Financial Reporting Stsndgrd applicable in the UK and Republic of Ireland. and the Ccfflpanies Act 21XJ6. The financ4al statements have been prepared under Ihe histori1 cost conv8nllon. Flnanclal reportlng standard 102 . rgducgd dlsclo$ur8 ox9mptlons Thè charitabl8 company has taken advantage of Ihe following disclosure exemptlon In pr8parlng thesa financial statements, as wmitted by FRS 102 'The Finanryal Reporting S18ndard aFplicable in the UK and Republic of Ireland.: the rUIrements of Section 7 Statement of Cash Fbws. Crltlcal accountlng ludgemonts and kay soureès of •$timation unc8rtaln¢y In the applICaOn of the Charity'5 accounting policies. the Trustees are required to make judgemts, estimates and assumptions about the carrying amount ol assets and Ilabllilles that are not readity appargnl from other srGeS. The e51imales and assocAated assumpuons af8 bas on historical experience and other factors that arg c81dered lo be relevant. Actual results may differ from th8s8 esllmales. The estimates and undedylng assumpti$ are reviewed on an gOIng basls. RevIonS to accounting eslimales are cOgnIsed in thè period in which the estirnale is revised where the revision affects only that period. or in the perknj of the r8vision and future periods where the revision affects both tyjrrenl and future periods. There were no judgements or est4male$ made in the year. In¢omg All in¢ome is recognised in the Statement of Financial ActNillos once Ihe charfly has enulthenl io the fvnds, it is wobablè that th8 income will be recAved and the amount can b8 m8asured rdiably. Cash donations ara re¢ognlsed on receipt. Other donations are reo)gnised On the Charfty has beon notified of the donation, unless p8rfomianca conditions require deferral of the amount. Income tax recoverable In relation lo donatlcjns received under Grfi or deeds of covenant is racognised at thè time ofthe donat. Expenditur• Expenditure is recognised once there Is a legal Qr conthclive obligation lo transfer economic ben&fft lo a third party, it 15 probable that a transfar of economic ben8fits will be requlred in settlement, and the amount of the obligallon can be m9asured reliably. Expenditure is classified by activity. The costs of each activty are made up of the total of dir8ct costs and shared costs, including supp)rt costs involved in undertaking aach activty. Direct costs attributable to a single activity a allrK2ted dirtlY lo that activity. Shared costs whlch ntrIbUtO lo mortr than one acts'vity and support costs which are not attributable to a single activity are apportion beiween those activities on a basis consislenl with the use of resoUs. Central staff costs arè 8lloeAt8d the basi8 of time spent, and depreciation charges are 811oealed on the ports'on of the asset's use. Impaimi•nt ol fixod assèts Depreciation is provided al the following annual rates in order lo write off each asset over its estimated usefijl lrfe. Plant and machinery Computer equipment 2510 on rcIng balance 25% on redudng baLqnce Page9 continued...
WOLVERCOTE YOUNG PEOPLE'S CLU8 LIMrrED NOTES TO THE FINANCIAL STATEMENTS- Contlnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- eontlnuod Imp8lm)•nt of fixed assots At oach reporting end date, the Charity r8vl8W5 the carrwng arnounts of its tangible assets lo detemine whether Ih8r8 ts any indicats'on thal those assets have sufferwj an impairment loss. If any such indication 8xists, the recoverable amunl of th8 asset is estimated in order io determine the extent of tho impalm*nl108s lif any). Taxatlon The charity is exempt from cLvporation tax on ils charitsble aCtltIeS. Fund accounti Unrestricted fund$ Can be used in accordance with th8 ch8rit8blè ObjecVe3 at the discrefjon of the trustees. Restrict8d fund8 can only be used for particular StrIcd purposè3 within the objects of the charity- Reslriclions arise whon spg¢ified by the donor Dr whon funds are raised for particular restricted purposes. Further explanauon of the nature 8nd purpose of eh fvnd is included in the notes lo the financial stat8ments. nsion costs and other post-r•tlrem¢nt benefits The ¢haritsble company Lwerdtes a defined cDnlribulion penaon scheme. Conldbudons payable lo the charitable company's pension herne are charged to th¢ Sialemenl of Financlal Activities in the period lo whlch they rèlat& OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Fundraising events Tuck shop income Hall hire Other income 542 1.362 15,036 480 822 35,097 4,858 40.777 17.420 INVESTMENT INCOME 31.3.25 31.3.24 Depogii 8¢xount interest 19 NET INCOMEIIEXPENDITUREI Net 1cne1(eXPendIlurOI is Statsd after ChargIn{Credng)'. 31.3.25 31.3.24 Indapendenl examination fees Depreciation- owned ass8ts Surplus on disposal of fixed a&sels 1,980 3,6 2,4Tr) 810 13,0551 Page 10 ¢)Jntinued...
VOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REMUNERATION AND BENEFITS Therg were no Iruslees, remuneration or 01 beneffts the year ended 31 Marth 2025 nor ts the year end8d 31 March 2024. Trustees. expenses There wer8 no Iruslees. expenses paid for the ygar gnded 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wagas and salaries Other pensicn costs 25,944 276 33.753 510 26,220 34.263 The average monthly number of employees during the r was 88 frIS.. 31.3.25 31.3.24 Youlh Workers Administralic No empbyees racaived amolumonts in excess of£60,C4JO. TANGIBLE FIXED Assgrs Plant aThY ma¢hlnory Computer equipment Totals COST Al 1 April 2024 Additions 18,291 18,2gi 13,199 13,199 Al 31 March 2025 13.199 18.291 31.490 DEPRECIATION Al 1 April 2024 Chargg for year 1 S,860 15,860 3,908 3,300 At 31 March 2025 3,300 16,468 19,768 NEf BOOK VALUE A131 Mar¢h 2025 9.899 1.823 11.722 At 31 March 2024 2,431 2.431 Page11 IIInu1...
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnuod FOR THE YEAR ENDED 31 MARCH 2025 DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trad• dobtors Prepayments 2,886 608 336 608 3,294 944 cREDORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade credit( Other credrtors Accru expenses 12.696 957 1,471 2,400 2,400 15,085 4,828 10. MOVEMENT IN FUNDS Net movement in funds Transfers betW8en funds At 31.3.25 Al 1.4.24 Unr•strlct8d funds Generdl fund 28.341 4,112 {1,9821 30,471 RoStriCt funds Music Project Minibus Fund Raisng Summer Events Young Women's Group OCF C8ESS Cutteslowe YoLth PrO1t Young Mens, Group Hall Refurbishment Oven and Dishwasher Boller Upgrade Community Cafe EV Charr Window Replacement Youih Wcxk and Equlpm8nt 12.952 7.767 4.021 3,7fj7 2.000 17,434 1.418 11,906 3,500 12.952 7.767 3.767 3.721 2.(XJO 17.434 1,305 11.W6 1.615 224 12541 1461 11131 15391 224 (1,3461 10,449 13,3281 2,000 10.449 3,328 64,765 10,193 1,982 70.940 TOTAL FUNDS 93,106 14,305 107,411 Pa99 12 continued...
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMrrED NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnu FOR THE YEAR ENDED 31 MARCH 2025 10. MOVEME1 IN FUNDS- contlnuad Net movement in funds. induded in the above are as follows". Incoming resources Resr¢e$ expended Movement In funds Unr¢strictsd fvnds Gen8ral lund 72,567 168,4551 4.112 RtrICted fund¥ Summw Events Young W¢)men's Group Youro Mens. Grotjp Oven and Dishwasher Boiler Upgrad• Community Cafe EV Charger Window Replacement Youth Wortt and Equipment 12541 1461 11131 15391 119,3441 1254) 1461 1113} 16391 224 1,800 10,449 13,3281 2,000 19.568 1,800 13,210 13,606 2.(KJO 12.7611 116.9341 50,184 {39,991) 10,193 TOTAL FUNDS 122,751 1108,448} 14,305 Comparatlvès for movomont In funds Net movement in funds Transfers between funds Al 31.3.24 At 1.4.23 Unr•strlct•d fvnd General fund 10,001 10.360 7,980 28,341 Restricted funds Musc Projecl Minibus Funtj Raising Driver Training frx the minlbus OXCC Heats'ng Food CC Summer Events TASO Art Cafe Youth Equipment Young Women's Group Dragon Schcd OCF CBESS Cutteslowe Youth Project Young Mens. Group Hall Refurbishment en ané Dishwasher 12,952 2,017 738 12,952 7.767 5.750 1738} 18301 {1,0201 1,020 431 3,590 4.021 11981 12001 200 673 3.094 3,767 {4,9941 500 17,434 1.418 11,906 3,500 2,0 17,434 1,418 11.6 3.500 25.553 47.192 17,9801 84,765 TOTAL FUNDS 35,554 57.552 93,108 Page13 ntinued...
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDEO 31 MARCH 2025 10. MOVEMENT IN FUNDS - eonllnuod Comparative net movement in funds. induthd in the above are a5 follcvws.. Incomlng rexjurces ResrceS Movement expended in funds Unrestrlcted funds General fund 71,697 161,337) 10,360 RtrIcted funds Minibus Fund Raising Summer Events Young Women's Group OCF C8ESS Cutteslowe Youth Pro1 Young Men5, Group Hall Refurfolshment Oven and Dishwash 5,750 3.750 3,500 500 19,250 2.000 15.358 3,500 5,750 3,590 3.094 500 17.434 1,418 11.906 3,500 1160> 14061 11,8161 15821 13,4501 53,606 18.414} 47.192 TOTAL FUNDS 125,303 167,7511 57,552 Purposg of restrlcted funds Furvjs received in r8SP8Ct of grants and donoJon8 are utili$ed in acoJrdan¢g wrth the donorfs wishes. DESIGNATED FUNDS The income funds of the charity ineludè the follo1ng daslgnated lurKls which hava baan s¢1 aside out of unrestrict funds by the trus1888 for specific purFoses'. Balance at 31 March 2025 Movèm6nt In dosignatod fvnds InrnIng Balan at 1 Movamenl April 2024 in the year Minibus Staff 4,250 5,000 1,502 4,250 5.000 894 16081 10.752 (6081 10,144 Purpo80 of degignated funds: hl1nil$ The minibu5 was sdd dur6ng the prèvious year. The sale value is set asid8 towards the purchase of a new minibus. Staff The trustees have deggnaled £S,QCMJ to cover 8taff118bilities in the event of a drop in income. The fvnds designated for IT are being amorlised lo match the depwSallon charge in Ihg fftnanck91 statements. Page 14 continu•J...
W(kVERCOTE YOUNG PEOPLE'S CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnu•d FOR THE YEAR ENDED 31 MARCH 2025 11. RELATED PARTh TRANSACTIONS Thwe were no reLqted party tran8actkJn8 for the year ended 31 March 2025. Page 15
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED DEfAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donatlons and legacles Donations Gift aid GT8nls Subscriptions 10,894 3,752 67,184 92 11,031 4,072 92.519 242 81,922 107.864 Othèr lrndtng actlviti•s Fundraising ev¢nts Tuck shop income Hall hire Other incon 542 1,362 15,036 822 35.097 4.858 40,777 17,420 Invostment income Deposit account intere31 19 Total incomlng resources 122.751 125.303 EXPENOITURE RalsSng donation¥ and legacles Other lundraising cost 5.400 s,0 Charitable actlvltl Staff costs Oth8r pensi costs Rent and rates InsLJf8nce Heat, light. w¥lor and equlpmont Office and IT costs Publicity Sundry expenses Youth Work Equipment Travel, Activities and Subscription Servico contracts Cleaning exponses Rapairs and Motor expenses Tuck Shop Expenditure Plant and machinery Depreciation of computer equipment Profit on sale of tangible fixed assets 25.944 276 33,753 510 180 831 7,919 2,857 157 412 214 2.434 612 195 7,950 1.141 10.443 225 40 2.127 1,304 581 47,680 714 3.300 810 13,0551 95.574 56,920 Support ¢osts ThL% pagè does not fomi part d the slalutory financial statements Pagg 16
WOLVERCOTE YOUNG PEOPLE'S CLUB LIMITED DETAILED STATEMETrTh OF FINANCIAL ACTIVITIES FOR ThE YEAR ENDED 31 MARCH 2025 31.3.25 3t.3.24 Support costs Govgman¢• ¢¢sts Independent examinatlon fges Accountancy fees Legal fees 1.980 3.539 1.953 2,400 3,431 7,472 5,831 Total resources 8xpend&J 108,446 67,751 Net incom• 14,305 57,552 This p8se does nc4 fomi part of the staiutory financial statam8nl$ Pagg17