**REGISTERED CHARITY NUMBER: 1161113** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 for Nailsworth Youth Community Enterprise Nailsworth Youth Community Enterprise Contents of the Financial Statements for the Year Ended 31 March 2023 |||Page|| |---|---|---|---| |Report of the Trustees||1|| |Statement of Financial Activities||2|| |Balance Sheet||3|| |Notes to the Financial Statements|4|to|5| |Detailed Statement of Financial Activities||6|| Nailsworth Youth Community Enterprise ## Report of the Trustees ## for the Year Ended 31 March 2023 The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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). ## **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. ## **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 F Ashworth J Duckworth C I McIvor T Shipp M J Peer A Hammond D A Parker C Z P Weston (appointed 23.11.22) Approved by order of the board of trustees on 27 September 2023 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 2023 |Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Other trading activities
2
22,429
-
**EXPENDITURE ON**
Raising funds
3
18,447
-
Other
2,732
-
**Total**
21,179
-
**NET INCOME**
1,250
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
61,628
-
**TOTAL FUNDS CARRIED FORWARD**
62,878
-|Total
funds
£
22,429| |---|---| ||18,447
2,732| ||21,179| ||1,250
61,628| ||62,878| The notes form part of these financial statements Page 2 Nailsworth Youth Community Enterprise ## Balance Sheet ## 31 March 2023 |Unrestricted
Restricted
fund
funds
Notes
£
£
**CURRENT ASSETS**
Cash at bank and in hand
62,878
-
**NET CURRENT ASSETS**
62,878
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
62,878
-
**NET ASSETS**
62,878
-
**FUNDS**
5
Unrestricted funds
**TOTAL FUNDS**|Total
funds
£
62,878| |---|---| ||62,878| ||62,878| ||62,878| ||62,878| ||62,878| The financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2023 and were signed on its behalf by: L Haines - Trustee 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 2023 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Charities Act 2011. 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. ## **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. OTHER TRADING ACTIVITIES** Rental of facilities £ 22,429 continued... Page 4 Nailsworth Youth Community Enterprise ## Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ## **3. RAISING FUNDS** ## **Investment management costs** |**Investment management costs**|| |---|---| ||£| |Property repairs|11,695| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023. ## **5. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||Net|| |||movement|At| ||At 1.4.22|in funds|31.3.23| ||£|£|£| |**Unrestricted funds**|||| |General fund|61,628|1,250|62,878| |**TOTAL FUNDS**|61,628|1,250|62,878| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|22,429|(21,179)|1,250| |**TOTAL FUNDS**|22,429|(21,179)|1,250| ## **6. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 5 Nailsworth Youth Community Enterprise |Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
**INCOME AND ENDOWMENTS**
**Other trading activities**
Rental of facilities
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Insurance
Light and heat
Cleaning and consumables
**Investment management costs**
Property repairs
**Support costs**
**Management**
Rates and water
Postage and stationery
Sundries
**Human resources**
Software licences
Total resources expended
**Net income**|£
22,429| |---|---| ||22,429
1,772
1,040
3,940| ||6,752
11,695
1,715
7
486| ||2,208
524| ||21,179| ||1,250| This page does not form part of the statutory financial statements Page 6