SHARLSTON & 5TREETHOUSE YOUTH FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS for the year tnded 31 December 2014 B M Howarth Ltd Chartered Accountants
SHARLSTON & STREEfHOUSE YOUTH FOUNDATION CONTENTS Pa¥e Legal and administiative details rru5tees' report 2&3 Statement of finanoal acty"vitses Balan sheet Notes to the accounts
SHARLSTON & STREETHOUSE YOUTH FOUNDATION LEGAL AND ADMINlSfRATIVE DETAILS Status Re8iStered Chaiity No 1162766 Trustees C R Moorby A E Moorby W A Chalklev J Chalkley Prlncipal Addr3 Metit House Ripley Drive Normanton WF6 IQT Pairon and Holrary Life President Neil Fox MBE Bankers 5antander UK plc 4 Upper Kirkgaie W¢iketield WFI ISP Accountants M Howarrh Ltd Wo5t House King Cros5 Road HXI IE8
5HARLSTON & STREETHOUSEYOUTH FOUNDATION TRUSTEES. REPORT for ihe year ended 31 Detember 2024 The Trustees present their report and the financial slaiements for the year ended 31 December 2024. The unaudited finan.ial statement5 have boÈn prepared in ac(ordante with the accounting policies set out in note I and comply with the Charity'g constitution, applirable law the Statefflent of Recommended Pra£tsce'. Accounting and Reporting by Charitie5 ICh8rities SORP FR51021. Administrative Informatlon The narnes of the Trustee5 and their advisors during the year. together with the principal address. are shown on page l. Constitutlon Tlie Charity is £on5tituted as a Charitable InccKporareé Organi5ation l-CIO-l undef the Constitution dated 13 July 2015. The CIO was registered by the Charity CTr7)mission on 21 July 2015. Trustees The Tru51ecs who held during ihe year and up to the date of approval of this Repon are 0$ follows.. Roy Moorby A Tlll Moorby WaynL, Chalkley Method ol Ele¢tion of Trustees All Charity TrustLIL'S sL'rve for a terrn of 3 years before retyring by rotatlon and beiryd proposed for Teappointnient at è properly convened meetin8 of the Charity Trustees. In selecting individuals for dPP(>inlment Charity Trustees. the Charity Trustees haye regard to the skills. knowledge and experience ne.pd(..d lor th* effective administration ol the CIO. Objertives I primary purpose of the Charity Is to provide L¥ SUPPOrt recreatsonal and leisure time activifios for young pÉoplv living in the Sharlston and Streethouse areas of Wakefield and to help devolop their skills. capacities ènd capabilities io enable them io participare in society as mature and responsible individua15. The Trustees confirm that Ihey havè considered tho guidance ptovided by the Charity Commission on public benefii whon reviewing the Charitws objectives and activities. I he Trustees raise fund5 through donations and fvndraising events at such times as rhey encounter deservin8 organisations whorn they feel obliged io help. As such. it is not loreseeTh that The Charity will create significant cash reserves. rhe Trustees meet annually and at other times as may be necessary to consider the finances ol the Charity and to discuss donation AchlevEment5 and Pertormances The Charity continue5 to have rtgard io its primary wrpo5e. The Charity has sdeniified a r>umber ol local organisauon5 duTing the year which it will assist du¥ing 2025. No adminbstrative cosis have been incurred.
SHARL5TON & STREHoUSE YOUTH FOUNDATION TRUSTEES. REPORT Icontinuedl for the year ended 310ecember 2024 RSsk Assessment The Trustee5 do not consider the Chaiity Is Subject to ary substantial risks beyond the liabilitie5 disclosed in the financial statements. Financlal Review The Charity generated a net srpluS for ihe period of £10.6(Y). Reserve Polirv The Trustees consider the resetves policy to be satisfactory. When additional fund5 are raised these are Ilkelv to be used soon after receipt to further SUPPLrt Ihe families benefitting Ir¢)m the Charity. Plans for the Future It is the Charitvs intention to continue working with local ganISatIonS identified a5 requirin8 specific financial help. Trustees, Re5ponslbSlliles The Trust Deed requires the Trusiees to Prepare annual accounts. Generally accepted accounting princlples require these accounts fo.. be prepèred on the ba515 01 stsitable accounling pdicies which are consi51ently applied include rÈasonable prudent judrtements and estimates follow applicable aciountinR standards and ihe Charities SORP,. dlstlosing and explaining any departures in (he financial stalements.. ènd prepare the financial statements on a going concern basis unless it is inappropriate to assume that the Chèrity will contintse in operation. Thè Trustèes are responsible for keeping accounting records which are such to discloso. with reagonablp accuracy, the financial position ol the Charity at any tirne, and lo enable thom as frusteos to onsure ihat tho linancial 5tatemen¢s comply with Charity law. The Trustee5 are also responsiblÈ for safe@uardinE the Charity's assets, 3nd hence for taking reasonable steps io the pre¥ertson and detection of fraud and othef irre8ulJrities. Approved by the Trustees on 30" Apfil 2025 and signed lis behalf by..
SHARLSTON & STREETHOUSE YOUTH FOUNDATION STATEMENT OF FINANCIAL A1VITIEs FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Unre5trfcted funds Unre#ri¢ted fvnds Note Incoming Re50ur(es Incomefrom.. Donations 10,6( 3.000 Other tTadin8 activities 10.600 Resources expendpd Fundraising trading costs Net income 10,6¢X) 17,994 Totollunds broughtlorwurd Neifvnds ¢#rrledlonvord 17,994 28.594 17,994 All of the above operatlons are condnuing and deriwefrcth unrestritied attivities. The notes pages 6 to 9 form part of these accounts.
SHARLSTON & STREETHOUSE YOifflI FOUNDATION BALANCE SHEET ASAT31 OECEMBER Z024 2024 2023 iknrestritted funds Vnrestrirted funds Note Current assrfs Debtor5 Cash at bank and in hand 28.594 17,994 Credltors.. anwunis 13111ng wlthin one year Total net assets 28.$94 17,994 Fund5 of the Charlty Unrestritted lund5 28.594 17.994 Total funds 2&594 17,994 Approved by the Trustees and 3uthori5ed for issue on 30- Aprll 2025. C R Moort>v The notes on pages 6 to 9 form part of these account5.
SHARLSTON & STREETHOUSE YOLITH FOUNDATION NOTES TO THE ACCOUNrs Accounting Policies Bask of Preparation These atcounts have been prepared undeT the historical £05t convention with Items reco8nised at cost or transaction value unles5 Otherwise ststed in the ielevaTrt note5 to these accounts. The accounts have been prepaTed in aCCdanCe with the Stalernent of Recomrnended Practice.. Accounting and Reportin8 by Charities preparing Iheir actounts in aCCOTdance with the Financial Reporting Standard applicable In the UK and Reput1( ol Ireland IFRS J021 and with the Charitie5 Act 2011. Ibl Going Concern The Trustee5 have reasonable expectation ihat the Charity has adequate resources to contlnue in existence lor the foreseeable lufvre and that the 8cng corern basis ol accounting is appropriate In preparln% the finJncial statements. Re¢o8nition ol Income These are InclLded in the Siatement ol FinarKial Activities ISOFAI when.. The Charity becomes entltled to the rc50urce5; It15 more Ilkely than not that the Trustees will recelve the resources.. and The monetary value can be measured with sufficient reliobilitv. Idl Recognltlon of Expendllure Expendiiure is reco8nised on an accruals basis as a liabiliry is Incurred Expendilure inEludes any VAT which cannoi be recowered and is reported as part of tho oxpcnditure to which it relates. Charitable aCiivitlLbS compr15e those costs Incurrcd by the Charfty in the delivery of its a¢iivitle5 and services lor its beneficiaries togeiher wilh any necessary Indirect costs. Donated Servlces and Facilities Donaied services and facilities are induded in Ihe SOFA when recei¥e¢ at the value of the Eift to the Chari provided the value of Ihe wft can be meJsurL'd reliably. Offsettin$ There has been no offsertin8 of a55ets and liabilities. or inc¢yne and expenses. Tax Rttlalms on Donations and Glfts Gift Aid receivable is included In Income whon there is a valid declaralion from the donor. Any Gift Aid amount recovered on a donaiion Is considered to be paTt of that 8ift and is tTeaLed as an èddition to the sarne fund as the initial donation ursle55 the donc* or the term5 01 the appeal have spec1frid othèrwise. Volunteer Help The value of any v¢luntary help ieceived 15 not Included In the account
SHARLSTON & STREETHOUSE YOUTH FOUNDATION
NOTES TO THE ACCOUNTS
2. Fund Accounts
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.
(a) Basic Financial Instruments
The Charity accounts for basic financial instruments on initial recognition.
(b) Creditors
The Charity’s creditors are measured at settlements amounts less any available trade discounts.
3. Analysis of Income
| Donations: Donations and gifts Gift Aid Total Income 4. Expenditure 4.1 Analysis of Expenditure Expenditure on Charitable Activities Grants Total Expenditure |
2024 Unrestricted funds £ 10,600 - 10,600 2024 Unrestricted funds £ - - |
2023 Unrestricted funds £ 3,000 - 3,000 2023 Unrestricted funds £ 3,000 3,000 |
||
|---|---|---|---|---|
The charity incurred no support or governance costs during the period.
4.2 Analysis of Grants Paid (included in cost of charitable activities)
| Analysis Youth development |
2024 Grants to Institutions £ - |
2023 Grants to Institutions £ 3,000 |
|---|---|---|
7
4.3 Grants made to Institutions 2024 Total amount of grants pakl 2023 Total amounl of 8rants paKI Nome ollnstltutlo Purpose Streethouse Cricket Club Supporting Juniw Crickei Total 8rants to Instllutlons In reportlnB pertod Staff Numbef5 The Charity had no employees durin¥ the period. créaitors Amounts falling due wlthln one vear 2024 Amounts fallln8 due wlthln one year 2013 Anofysis oj Credltors Trade Crediiors Transartlons with Tru5tee5 and Related P*les 7.1 Trustee remuneration and benefits None ot the Trustees have been paid any remuneration or recw¥ed any othei benefits from an empleymènt with the Charity w a related entity. 7.2 Trustees. Expense5 No Trustee expenses have been incurred.