**Charity no:1155243**
**Twyford District Youth and Community Centre FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th September 2022**
|**Contents**
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements|**Page**|
|---|---|
||1
2
3
4-7|
**TWYFORD DISTRICT YOUTH AND COMMUNITY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2022**
Page 1
The Trustees are pleased to present their report together with the financial statements of The Twyford District Youth and Community Centre (Charity number: 1155243) for the year ended 30th September 2022.
The accounts, which have been filed separately have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Foundation’s governing document, the Charities Act 2011 and 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 published in October 2019.
The Twyford District Youth and Community Centre is a separate registered charity.
## **Objectives of the Charity**
The objects of the Charity are: (A) to further or benefit the residents of Twyford and the surrounding districts, and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. In furtherance of these objects but not otherwise, the Trustees shall have power: (B) to establish or secure the establishment of a community centre and grounds and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the Charity in furtherance of the above objects.
## **Organisation**
The Charity a Charitable Incorporated Organisation (CIO) and was registered 08 January 2014. The Trustees of the Charity meet on average every other month.
## **Public benefit statement**
_**The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their powers or duties.**_
The Trustees believe the Charity benefits the public by the provision of Youth Work to the Twyford District.
## **Trustee selection and training**
Trustees are selected from volunteers by attendees at the AGM. They can only stand for 10 years as a Trustee. As is required by the Governing Document Constitution one third or three of our Trustees retire each year, but can be relected for up to 10 years service as mentioned above. The Charity is allowed to have up to 12 Trustees. The management committee and members are not employees.
## **Trustees' remuneration and expenses**
No Trustee received remuneration.
## **Risk management**
_**Risk management reviews are undertaken by the management teams when they meet and also at the meetings of theTrustees. Management meetings are held as detailed above.**_
## **Volunteer help**
Volunteer help has not been given value in the accounts as the value is not easily quantifiable and measurable. The Trustees are extremely grateful for the help given to the Charity and would like to thank all the volunteers for their efforts.
## **Public Liability Insurance**
_**The Trustees are indemnified by the public liability policy. Details of the premiums paid during the year are shown below.**_
_**Public Liability Insurance**_
_**£570**_
## **Reserves policy**
_**The Reserves policy is that the Charity should maintain enough reserves to run the Charity without income for**_
_**one to two years and maintain some funds against ongoing maintenance costs. The recent Covid Pandemic has demonstrated the importance of adhering to this policy.**_
Page 2
## **Review of Activities and Future Developments**
This was our first full year post covid and our financial results are very similar to pre Covid. Our reopening was tentative at first and has become more successful as individuals have felt more comfortable about returning. Our preparation during Covid with staff training and inductions and maintenance of the building has helped make the return to post Covid a smoother transition. We intend to build on our success in the coming year with more activities outside of the Centre.
We remain very grateful for their support and help, which has helped ensure the Centre survived Covid and is in a position to help the community and young people now. We wanted in particular to thank our Chairman until last year, John Jarvis and also Kathy Peck and Ian Livesey who are both stepping down as Trustees this year after having served their full term.
## _Going concern basis_
The Trustees feel that the going concern basis to still be appropriate as they continue to believe this is the best way to to fulfil its mandate and provide support and encouragement for Twyford District and Community.
## **Trustees responsibilities in relation to the Financial Statements.**
The Trustees are required to prepare financial statements which give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the year. In doing so the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate that the Centre will continue to operate.
- observe the methods and principles in the Charities SORP; and
* state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Centre. The Trustees are also responsible for the prevention and detection of fraud and other irregularities.
## **Independent Examiner**
The Trustees have appointed Stephen McLoughlin to act as Independent Examiner.
## **Signed on behalf of the Trustees:**
**James Pennington**
**Trustee**
10 March 2023 **Date:**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
## **Twyford District Youth and Community Centre**
Page 1
I report to the trustees on my examination of the accounts of the Twyford District Youth and Community Centre (the Trust) for the year ended 30th September 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1)accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
(2)the accounts do not accord with those records; or
(3)the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the _Charities (Accounts and Reports) Regulations_ 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stephen McLoughlin
Date:
March 10 2023
**Twyford District Youth and Community Centre STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30TH SEPTEMBER 2022**
|**INCOMING RESOURCES**
Voluntary income
Incoming Resources from operating activies
in furtherance of the charity's activities
Incoming Resources from other activies
for generating funds
Investment income
**Total Incoming Resources**
**RESOURCES EXPENDED**
Charitable Expenditure:
Costs of activities in furtherance of the Charity's
objectives
Governance costs
Costs of Management and Administration of
Charity
**Total Resources Expended**
**NET INCOMING RESOURCES BEFORE**
**TRANSFERS**
**TRANSFER BETWEEN FUNDS**
**NET INCOMING RESOURCES BEFORE**
**DISCONTINUATION OF BRANCH ACTIVITY**
**DISCONTINUATION OF BRANCH ACTIVITY**
**NET MOVEMENT IN FUNDS**
**TOTAL FUNDS AS AT 1ST OCTOBER 2021**
**GAINS AND LOSSES ON REVALUATIONS OF**
**INVESTMENT ASSETS**
**TOTAL FUNDS AS AT 30TH SEPTEMBER 2022**|**Notes**
**2**
**3**
**4**
**5**
**6**
**7**
**8**
**12**|**UNRESTRICTE**
**D FUNDS**
3,392
2,856
30,071
21
**36,341**
14,637
0
14,175
**28,812**
**7,529**
0
**7,529**
**0**
**7,529**
**55,361**
**0**
**62,890**|**RESTRICTED**
**FUNDS**
0
0
0
0
**0**
0
0
0
**0**
**0**
0
**0**
**0**
**0**
**0**
**0**
**0**|**TOTAL**
**FUNDS**
3,392
2,856
30,071
21
**36,341**
14,637
0
14,175
**28,812**
**7,529**
0
**7,529**
**0**
**7,529**
**55,361**
**0**
**62,890**|**TOTAL FUNDS**
**YEAR ENDED**
**30TH**
**SEPTEMBER**
**2021**|
|---|---|---|---|---|---|
||||||4,186
556
12,105
0|
||||||**16,847**|
||||||13,169
0
17,842|
||||||**31,011**|
|||||||
||||||**(14,164)**|
||||||0|
||||||**(14,164)**|
||||||**0**|
||||||**(14,164)**|
||||||**69,525**
**0**|
||||||**55,361**|
**THE Twyford District Youth and Community Centre BALANCE SHEET AS AT 30th September 2022**
Page 3
|**FIXED ASSETS**
**CURRENT ASSETS**
Stock in hand
Debtors
Cash at bank and in hand
**Total current assets**
**CURRENT LIABILITIES**
**TOTAL NET CURRENT ASSETS**
**CONTINGENT LIABILITIES AND PROVISIONS**
**TOTAL NET ASSETS**
**REPRESENTED BY:**
**INCOME & EXPENDITURE RESERVE**|**Notes**
**13**
**14**
**15**
**16**
**17**|**Unrestricted**|816
0
3,623
62,879
66,502
(4,428)
62,074
0
62,890
**Restricted**
**Funds**
**Total funds**
0
62,890
0
62,890|**2021**|
|---|---|---|---|---|
|||||1,095|
|||||0
1,534
64,996|
|||||66,530
(12,264)|
|||||54,266
0|
|||||55,361|
|||||**Total**
**funds**|
|||**Funds**
62,890|||
|||||55,361|
|||62,890||55,361|
**These Financial Statements on pages 5 to 11 were approved by the Trustees and signed on their behalf by:**
**James Pennington Trustee Date:** 10 March 2023
**Twyford District Youth and Community Centre NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022**
Page 4
## **1) Accounting Policies**
The accounts have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.
There charity changed its accounting policies this year to start to depreciate fixed assets.
No changes have been made to accounts for previous years.
## **Incoming resources**
**Recognition of incoming resources** are included in the Statement of Financial Activities (SOFA) when: i) the charity becomes entitled to the resources (accruals basis)
ii) the trustees are virtually certain they will receive the resources; and
iii) the monetary value can be measured with sufficient reliably.
**Incoming resources with related expenditure** are reported gross in the SOFA (related income and expenditure are shown separately as income and costs).
**Grants and donations** are only included in the SOFA when the charity has unconditional entitlement to the resources.
**Tax reclaims on donations and gifts** are included in the SOFA at the same time as the gift to which they relate.
**Income and performance related grants** are only included in the SOFA once the related goods or services have been delivered.
**Gifts in kind** are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
**Donated services and facilities** are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
**Volunteer help** received is not attributed a value or included in the accounts, but is described in the Trustees' annual report.
**Investment income** is included in the accounts when received.
**Investment gains and losses** include any gain or loss on the sale of an investment or the revaluing of an investment to market value at the end of the year.
## **Expenditure & liabilities**
**Liability recognition** occurs in the accounts as soon as there is a legal or constructive obligation committing the charity to pay out reserves.
**Governance costs** include the costs of the preparation and examination of statutory accounts, Trustees' meetings and the cost of any legal advice to Trustees on governance or constitutional matters.
**Grants with performance conditions** are only recognised in the SOFA once the recipient of the grant has provided the specified service or output that was outlined when the grant was awarded by the charity to them.
**Grants payable without performance conditions** are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
**Support costs** include central functions and have been allocated to the activity cost categories on a basis consistent with the use of the resources.
## **Assets**
**Tangible fixed assets for use by the charity** is the Twyford Youth and Community Centre. This is leased from Wokingham Borough Council (Landlord) who in turn lease it from Twyford Parish Council (Superior Landlord). Under this agreement the Landlord is responsible for the upkeep of the building.
**Equipment, fixture and fittings** is being depreciated over 4 year's straight line. No deprecation was applied for 2018 and this is the first year depreciation has been applied including depreciation for the prior years.
**Stock and work in progress** is valued at the lower of cost and net realisable value (market value).
Page 5
## **Twyford District Youth and Community Centre NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022**
|**2 **
**3 **
**4 **
**5 **
**6 **
**7 **
**8 **
**9 **|**UNRESTRICTED**
**FUNDS**
**Voluntary income**
Donations
3,392
3,392
**Incoming Resources from operating activies**
**in furtherance of the Charity's activities**
Subscriptions
2,856
Club Trips
0
2,856
**Incoming Resources from other activies**
**for generating funds**
Hall Hire Income
22,241
Grants
1,440
Out Reach Youth Work
135
Tuck Shop
1,872
Pop Up Café
4,248
Fundraising
134
30,071
**Investment income**
Interest
21
21
**Total Incoming Resources**
**36,341**
**Twyford District Youth and Community Centre**
**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30TH SEPTEMBER 2022**
**UNRESTRICTED**
**FUNDS**
**Costs of activities in furtherance of the Charity's objectives**
Youth Centre Contractors
14,228
Youth Centre & Friday Night Trips
409
Bad Debt write off
0
14,637
**Governance costs**
Independent Examination Fee
0
There were no governance costs for incurred in the period. Trustees' meetings are held
The accounts were prepared for no fee. The Examination was undertaken for no fee.
**Costs of Management and Administration of Charity**
Printing, Postage & Stationery (incl Telephone,
Broadband)
725
Legal, Accountancy
701
Rates (Water & Council) & premises insurance
445
Adminstrator's Fee
2,426
Insurance
625
Entertainment
53
Pop up Kitchen
1,136
Tuck Shop costs
1,326
Fundarising costs
43
Contractor - Training
167
Repairs and Renewals
460
Premises expenses including waste collection
668
Cleaning
3,781
Depreciation
813
Bank Fees
190
General expenses
616
14,175
**Total Resources Expended**
**28,812**
**Trustees' remuneration and expenses**|**RESTRICTED**
**FUNDS**
0
0
0
0
0
0
0
0
0
0
0
0
0
0
**0**
**RESTRICTED**
**FUNDS**
0
0
0
0
0
either at the Centre.
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
**0**|**TOTAL**
**FUNDS**
3,392
3,392
2,856
0
2,856
22,241
1,440
135
1,872
4,248
134
30,071
21
21
**36,341**
**TOTAL**
**FUNDS**
14,228
409
0
14,637
0
725
701
445
2,426
625
53
1,136
1,326
43
167
460
668
3,781
813
190
616
14,175
**28,812**|**TOTAL FUNDS**
**2021**
4,186|
|---|---|---|---|---|
|||||4,186|
|||||556
0|
|||||556|
|||||7,016
0
315
893
3,880
0|
|||||12,105|
|||||0|
|||||0|
|||||**16,847**|
|||||Page 6|
|||||**TOTAL FUNDS**
**2021**
13,169
0
0|
||
Youth Centre Contractors
Youth Centre & Friday Night Trips
Bad Debt write off
**Governance costs**
Independent Examination Fee
There were no governance costs for incurred in the period.
The accounts were prepared for no fee. The Examination w
**Costs of Management and Administration of Charity**
Printing, Postage & Stationery (incl Telephone,
Broadband)
Legal, Accountancy
Rates (Water & Council) & premises insurance
Adminstrator's Fee
Insurance
Entertainment
Pop up Kitchen
Tuck Shop costs
Fundarising costs
Contractor - Training
Repairs and Renewals
Premises expenses including waste collection
Cleaning
Depreciation
Bank Fees
General expenses
**Total Resources Expended**
**Trustees' remuneration and expenses**||||
|||||13,169|
||||||
|||||0|
||||||
|||||491
159
-647
2,340
570
0
1,256
465
19
140
4,473
2,839
3,205
1,058
87
1,388|
|||||17,842|
|||||**31,011**|
||||||
No Trustee received remuneration.
## **10 Independent Examiner**
The Independent Examiners did not receive a fee for the years 2022 or 2021.
## **11 Paid staff**
The Charity has no paid employees.
Page 7
## **Twyford District Youth and Community Centre NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022**
|**12 **
**13 **
**14 **
**15 **
**16 **
**17 **
**18 **
**i)**
**iii)**|**Transfer between funds in the year**
There were none in the year or prior year.
**Fixed Assets**
As at 1st October 2021
Additions
Disposals
Depreciation
As at 30th September 2022
Cost
**Stock in hand**
**Debtors**
Debtors
Prepayments & accrued income
0
**Cash at Bank and in Hand**
0
**Creditors falling due within one year**
Creditors
Accruals
Customer Deposits
Key deposit
Twyford Community Hub
**Reserves**
INCOME & EXPENDITURE
TOTAL FUNDS AS AT 1ST OCTOBER 2021
SURPLUS/(DEFICIT) IN YEAR
TRANSFER BETWEEN FUNDS
DISCONTINUATION OF BRANCH ACTIVITIES
TOTAL FUNDS AS AT 30TH SEPTEMBER 2022
**Classificaton of Net Assets**
Fixed Assets
Current Assets
Current Liabilities
**Total Net Assets**|**UNRESTRICTED**
**FUNDS**
**0**
**Office Equipment**
1,095
-
-
(679)
416
3,136
**UNRESTRICTED**
**FUNDS**
0
**UNRESTRICTED**
**FUNDS**
1,784
1,839
3,623
**UNRESTRICTED**
**FUNDS**
62,879
**UNRESTRICTED**
**FUNDS**
2,863
465
1,000
100
0
4,428
**UNRESTRICTED**
**FUNDS**
55,361
7,529
0
0
62,890
**UNRESTRICTED**
**FUNDS**
**HYC/TYA**
816
66,502
(4,428)
**62,890**|**RESTRICTED**
**FUNDS**
**0**
**Furniture and**
**Fixtures**
-
534
-
(133)
400
1,224
**RESTRICTED**
**FUNDS**
0
**RESTRICTED**
**FUNDS**
0
0
0
**RESTRICTED**
**FUNDS**
0
**RESTRICTED**
**FUNDS**
0
0
0
0
0
0
**RESTRICTED**
**FUNDS**
0
0
0
0
0
**RESTRICTED**
**FUNDS**
**HYC/TYA**
0
0
0
**0**|**TOTAL**
**FUNDS**
**TOTAL FUNDS**
**2021**
**0**
**0**
**Pop up**
**Kitchen**
**Equipment**
**Total**
**2021**
-
1,095
1,825
-
534
327
-
-
-
0
(813)
(1,058)|**TOTAL FUNDS**
**2021**|
|---|---|---|---|---|---|
||||||**0**|
|||||||
||||||**2021**|
|||||-
816|1,095|
|||||5,536
9,895
**TOTAL**
**FUNDS**
0
**TOTAL**
**FUNDS**
1,784
1,839
3,623
**TOTAL**
**FUNDS**
62,879
**TOTAL**
**FUNDS**
2,863
465
1,000
100
0
4,428
**TOTAL**
**FUNDS**
55,361
7,529
0
0
62,890
**TOTAL**
**FUNDS**
**HYC/TYA**
816
66,502
(4,428)
**62,890**||
||||||9,895|
|||||||
|||||||
||||||**2021**|
||||||0|
||||||**2021**|
||||||1,240
294|
||||||1,534|
|||||||
||||||**2021**|
||||||64,996|
|||||||
||||||**2021**|
||||||2,544
0
400
100
9,220|
||||||12,264|
|||||||
||||||**TOTAL FUNDS**
**2021**|
||||||69,525
(14,164)
0
0|
||||||55,361|
|||||||
||||||**TOTAL FUNDS**
**2021**|
||||||1,095
66,530
(12,264)|
||||||**55,361**|
## **23 Received Gifts in Kind**
The TYA and its branches have received numerous gifts in kind from the community the value of which is impossible to quantify.
|**24 **|**Public Liability Insurance**
**2022**
Insurance
625|**2021**|
|---|---|---|
|||570|