**REGISTERED CHARITY NUMBER: 1161113** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022 for Nailsworth Youth Community Enterprise Nailsworth Youth Community Enterprise Contents of the Financial Statements for the Year Ended 31 March 2022 ||Page| |---|---| |Report of the Trustees|1| |Statement of Financial Activities|2| |Balance Sheet|3| |Notes to the Financial Statements|4 to 6| |Detailed Statement of Financial Activities|7| Nailsworth Youth Community Enterprise ## Report of the Trustees ## for the Year Ended 31 March 2022 The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1161113 ## **Principal address** Nailsworth Subscription Rooms Bath Road Nailsworth Gloucestershire GL6 0HH ## **Trustees** Mrs D Lister Mrs F Bratby L Haines Mrs P M Brown D W Pitt - resigned 24.11.21 F Ashworth J Duckworth C I McIvor T Shipp M J Peer A Hammond D A Parker - appointed 24.11.21 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** NYCE, a CIO from 1July 2015 continues the work of charity number 301581 to facilitate the delivery of a programme of recreational and educational activities at Nailsworth Subscription Rooms and its grounds for the people of Nailsworth and surrounding area particularly but not exclusively for young people, whilst maintaining and improving its landmark Victorian building. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on 23 November 2022 and signed on its behalf by: L Haines - Trustee Page 1 Nailsworth Youth Community Enterprise ## Statement of Financial Activities ## for the Year Ended 31 March 2022 |Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
-
-
Activities for generating funds
2
26,355
-
**Total incoming resources**
26,355
-
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
3
8,330
-
Investment management costs
4
3,314
-
**Total resources expended**
11,644
-
**NET INCOMING/(OUTGOING)**
**RESOURCES**
14,711
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
46,917
-
**TOTAL FUNDS CARRIED FORWARD**
61,628
-|31.3.22
Total
funds
£
-
26,355
26,355
8,330
3,314
11,644
14,711
46,917
61,628|31.3.21
Total
funds
£
10,000
14,713
24,713
5,855
20,113
25,968
(1,255)
48,172
46,917| |---|---|---| The notes form part of these financial statements Page 2 Nailsworth Youth Community Enterprise ## Balance Sheet ## At 31 March 2022 |Unrestricted
Restricted
fund
funds
Notes
£
£
**CURRENT ASSETS**
Cash at bank and in hand
61,629
-
**CREDITORS**
Amounts falling due within one year
6
(1)
-
**NET CURRENT ASSETS**
61,628
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
61,628
-
**NET ASSETS**
61,628
-
**FUNDS**
7
Unrestricted funds
**TOTAL FUNDS**|31.3.22
Total
funds
£
61,629
(1)
61,628
61,628
61,628
61,628
61,628|31.3.21
Total
funds
£
46,917
-| |---|---|---| |||46,917| |||46,917| |||46,917| |||46,917| |||46,917| The financial statements were approved by the Board of Trustees on 23 November 2022 and were signed on its behalf by: L Haines -Trustee Mrs F Bratby -Trustee The notes form part of these financial statements Page 3 Nailsworth Youth Community Enterprise Notes to the Financial Statements for the Year Ended 31 March 2022 ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** 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. ## **Taxation** The charity is exempt from 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. ACTIVITIES FOR GENERATING FUNDS** |Rental of facilities
**3.**
**COSTS OF GENERATING VOLUNTARY INCOME**
Insurance
Light and heat
Cleaning and consumables
Support costs
**4.**
**INVESTMENT MANAGEMENT COSTS**
Property repairs|31.3.22
£
26,355
31.3.22
£
1,514
1,086
3,756
1,974
8,330
31.3.22
£
3,314|31.3.21
£
14,713| |---|---|---| |||31.3.21
£
1,458
1,024
2,305
1,068
5,855
31.3.21
£
20,113| Page 4 Nailsworth Youth Community Enterprise Notes to the Financial Statements - continued for the Year Ended 31 March 2022 ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021 . ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021 . ## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ## **7.** |||31.3.22|31.3.21| |---|---|---|---| |||£|£| |Trade creditors||1|-| |**MOVEMENT IN FUNDS**|||| |||Net movement|| ||At 1.4.21|in funds|At 31.3.22| ||£|£|£| |**Unrestricted funds**|||| |General fund|46,917|14,711|61,628| |**TOTAL FUNDS**|46,917|14,711|61,628| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement in| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|26,355|(11,644)|14,711| |**TOTAL FUNDS**|26,355|(11,644)|14,711| |**Comparatives for movement in funds**|||| |||Net movement|| ||At 1.4.20|in funds|At 31.3.21| ||£|£|£| |**Unrestricted Funds**|||| |General fund|48,172|(1,255)|46,917| |**TOTAL FUNDS**|48,172|(1,255)|46,917| Page 5 Nailsworth Youth Community Enterprise Notes to the Financial Statements - continued for the Year Ended 31 March 2022 ## **7. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|24,713|(25,968)|(1,255)| |**TOTAL FUNDS**|24,713|(25,968)|(1,255)| ||||| A current year 12 months and prior year 12 months combined position is as follows: |Net movement
At 1.4.20
in funds
At
£
£
**Unrestricted funds**
General fund
48,172
13,456
**TOTAL FUNDS**
48,172
13,456|31.3.22
£
61,628| |---|---| ||61,628| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|51,068|(37,612)|13,456| |**TOTAL FUNDS**|51,068|(37,612)|13,456| Page 6 Nailsworth Youth Community Enterprise Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |**INCOMING RESOURCES**
**Voluntary income**
Grants
**Activities for generating funds**
Rental of facilities
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Insurance
Light and heat
Cleaning and consumables
**Investment management costs**
Property repairs
**Support costs**
**Management**
Postage and stationery
Advertising
Sundries
**Human resources**
Software licences
**Other**
Rates and water
**Other 4**
Accountancy and legal fees
**Total resources expended**
**Net income/(expenditure)**|31.3.22
£
-
26,355
26,355
1,514
1,086
3,756
6,356
3,314
49
56
417
522
360
-
1,092
11,644
14,711|31.3.21
£
10,000
14,713
24,713
1,458
1,024
2,305
4,787
20,113
-
58
244
302
-
676
90
25,968
(1,255)| |---|---|---| This page does not form part of the statutory financial statements Page 7