REGISTERED CHARITY NUMBER: 1163399 REPORT OFTHE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BROAD PLAIN & RIVERSIDE YOUTH PROJECT
BROAD PLAIN AND RIVERSIDE YOUTH PROJECT CONTENTS OF THE FINANCIAL STATEMENTS forthe year ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to Financial Statements 5t09 Detailed Statement of FinancialActivities Iotoll
BROAD PLAIN & RIVERSIDE YOUTH PROJECT REPORTOFTHE TRUSTEES fortheyear ended 31 March 2024 The Trustees of the Charitable Incorporated Organisation (CIO) present their report with the financial gt2temÈnts forthe year ended 21 March 2024. OBJECTIVES AND ACTIVITIES The objecttvies of the CIO are as set out in its governance clocumentto advance in life and help and educate people aged up to the age of 25 years by providing such people access to a range of learning opportunities and challenging experiences (including leisure time activities) which promotes their personal educational and social development. These activities extend to include an eveningyouth club offering sporting and community activities and camps to a wider range ofyoung people. There is also the provision of Fitness Activies forvulnerable Adults and Elderly Disabled People. SIGNIFICANT ACTIVITIES Unfortunatelythe alternative learning resource provided over a number of years re-engaging and re-enthusingyoung people who ha(J been excluded from main stream education was terminated duringthe year due to Government cut backs in schoolfunding. The Charity has been forced to make staff redundant and cut back overheads while continuingto workwith young people wherever possible. It has some successes in the sport of Boxing. The Charity has had to find alternative funding sources in orderto provide the ongoing facilities foryoung people to benefit and there is a continuing concern as to whetherthe'Going Concern, basis can be relied upon forthe future of the Charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is Governed by its constitution provided by a Charitable Incorporated Organisation (CIO). Recruitment and appolntment of newtrustees NewTrustees will be appointed bythe existing Board as and when appropriate. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number: 1163399 Registered Office: Clement Street, Easton, Bristol BS2 9ES Trustees: JJD MGArthur. L.J.WilLlam5, P.L.Mossman. L.J. Fry, Awniston, J,Ball Commencement of Activies: IstApriL2016. Approved by order ofthe board of trustees on... ..Al".and signed on its behalf by: P L Mossman-Trustee Page I
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF BROAD PLAIN & RIVERSIDE YOUTH PROJECT I reportto the charitytrustees on my examination of the accounts forthe year end 31 March 2024. Responsibilities and Basis of report As the charity's trustee of the Company (and also its directors forthe purposes of company law) you are responsible forthe preparation of the accounts in accordance with the rquirements of the Companies Act 2006 ('the 2006 Act, ). Havingsatisfied myself thatthe accounts of the Company are not required to be audited under Part 16 ofthe 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011. In carrying out my examination I have followed the directions given bythe Charity Commission under Section 145(5)(b) of the 2011 Act. Independent examiner's statement- matters of concern Identifled I have completed my examination. I draw attention to note l in respect of the going concern issues facingthe Charity. I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect: l. accounting records were not kept in respect ofthe Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not complywith the accounting requirements of Section 396 ofthe 2006 Act other than any requirementthatthe the accounts give a true and fairviewwhich is not a matter considered as part of an independent examination: and 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparingtheir accounts in accordance with the Financial Reportingstandard in the UK and Republic of Ireland (FRS 102). I confirm thatthere are no other matters to which yourattention should be drawn to enable a proper understanding of the accounts to be reached. CJ.Ll Grahame Harbour Chartered Accountant Date............. Page 2
BROAD PLAIN & RIVERSIDE YOUTH PROJECT STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 31.3.24 31.3.23 Unrestrict Restricted Total Total Fund Fund Funds Notes Funds INCOMEAND ENDOWMENTS FROM Donations and legacies 22,811 22,811 9,151 Other trading activities Investment income Other income Total 23,045 107 7,092 53,055 23,045 125,735 107 47 7,092 10,887 53,055 145,820 EXPENDITURE ON Raisingfunds 6 116,297 0 116,297 165,789 Other Total 335 116,632 335 12,242 0 116,632 178,031 NET INCOME(EXPENDITURE) (63.577) 0 (63,577) (32,211) Exceptional Items 11 31.800 31,800 RECONCILIATION OF FUNDS Total funds brought fonmard 32,638 27,156 59,794 92,005 TOTAL FUNDS CARRIED FORWARD 861 27,156 28,017 59,794 Page 3
BROAD PLAIN & RIVERSIDE YOUTH PROJECT BALANCE SHEET at31 March 2024 31.3.24 31.3.23 Unrestricted Restricted Total Total fund fund funds funds Notes FIXED ASSETS Tangible Assets 12 407 407 34,587 CURRENT ASSETS Debtors Cash at bank 13 9,412 (9,762) 27,156 (350) 27,156 9,412 17,394 26,806 29,582 28,004 57,586 CREDITORS Amounts falling due within one year NET CURRENT ASSETS 14 804 454 804 27,610 (8,379) 49,207 27,156 TOTAL ASSETS LESS CURRENT LIABILITIES 861 27,156 28,017 83,794 PROVISIONS FOR LIABILITIES 15 0 (24,000) 28,017 59,794 861 27,156 FUNDS Unrestricted funds Restrlcted funds 16 861 861 27.156 28,017 32,638 27,156 59,794 27,156 27,156 861 The CharitabLe company is entitled to exemption from audit undersection 477 ofthe Companies Act 2006 for the year ended 31 March 2024. The members have not required the companyto obtain an audit of its financial statements forthe year ended 31 March 2024 in accordance with Section 476 ofthe Companies Act2006. The trustees acknowledge their responsibilities for: a) ensuringthatthe charitable company keeps accounting records that compLywith Sections 386 and 387 ofthe Companies Act 2006 and b) preparing financial statements which give a true and fairview of the state of affairs of the charitable company as atthe end of each financialyear and of its surplus or deficit for each financialyear in accordance with the requirements of Sections 394 and 395 and which otherwise complywith the requirements of the Companies Act 2006 relatingto financialstatements, so far as applicable to the charitable company. The financial statements were approved bythe Board of Trustees and authorisecj for issue on. and were signed on its behalf by: P L Mossman-Trustee Page 4
BROAD PLAIN & RIVERSIDE YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 March 2024 I GOING CONCERN As set out in the Report of the Trustees the Charity has been forced to close its alternative learning resource duringthis financial year. This resulted in severe Cash Flow diff iculties. Alternative sources of funding have been found and the charitycontinues towork with young people butthe future is uncertain. There is thefore a continuing concern as to whetherthe Going Concern, basis can be relied upon forthe future ofthe charity. 2 ACCOUNTING POLICIES Basis of preparingthe financial statements The financial statements of the CIO, which is a public benefit entlty under FRS102, have been prepared in accordance with the Charities SORP-Accounting and Reporting by Charities . Statement of Recommendecl Practice applicable to charities preparing accounts in accordance with the the Financial Reporting Standard appLicabLe in the UK (FRS 102) (effective January2015). The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of FinancialActivities once the charity is entitled to the fund5, it is probable that the income will be received and the amount is reliable. Expenditure Liabilities are recognised as expenditure when there is a Legal or constructive obligation committing the charityto the expenditure and the amount of the obligation can be reliably measured. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistant with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in orderto write off each asset over its estimated useful life= Fixtures and fittings Motorvehicles Taxation The charity is exempt from Corporation Tax on lis cnaritabie 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. Restrictions arise when specified bythe donor orwhen funds are raised for particular purposes. 250/0 on reducing balance 25 % on reducing balance Page 5
BROAD PLAIN & RIVERSIDEYOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS- continued forthe Year Ended 31 March 2024 3 OTHER TRADING ACTIVIES Advertising Income Educational Training Use of Facilities Income from Events Boxing Events Car Parking 31.3.24 31.3.23 4,000 4,000 4,930 59,595 4,266 2,440 6,000 59,700 3,288 561 23,045 125.735 4 INVESTMENT INCOME DepositAccount Interest 107 47 5 OTHER INCOME Gain on sale of tangible fixed assets Loyalty Awards Boxing and fitness Youth Club Income Insurance Claim 1,084 1,775 14 3,290 2,046 668 7,092 4,462 4,636 10,887 6 RAISING FUNDS Other trading activities Purchases Trustee Fees Staff Costs Redundancy Pay TeLephone Sundry Expenses Training Costs Hire of Machinery Cleaning & Refuse Repairs & Renewals Subscriptions Postage Stationery& Computer Alarm Costs Incjependent Examiner Fee 31,932 3,305 66,076 3.810 1.976 1,999 426 479 668 780 489 884 1,496 3,040 531 969 375 2,187 2,666 2,044 1,947 2,725 600 600 116,297 165,596 53,198 4,355 92,336 7 SUPPORT COSTS Bank Charges 131 193 Page 6
BROAD PLAIN & RIVERSIDE YOUTH PROJECT NOTESTO THE FINANCIAL STATEMENTS- continued forthe year ended 31 March 2024 31.3.24 31.3.23 8 NET INCOMEIEXPENDITURE Net income/expenditure is stated after charging/(crediting) Depreciation- owned assets Surplus on disposal of fixed assets 204 11,528 (1,084) (1,775) 9 TRUSTEES, REMUNERATION AND BENEFITS The only fees paid to Trustees duringthe year related to P L Mossman for use of his accounting services for maintenance of records and calculation of monthlywages. These fees totalled £3,305 for the year. 10 STAFF COSTS Wages and salaries 66,076 96,691 The Average monthly number of employees duringthe yearwas: No employee received emoluments in excess of £60,000 11 EXCEPTIONAL ITEMS Maintenance Provision written back Charities Commission Reserve 24,000 7,800 The site on which the property stands has been scheduled for redevelopment by Bristol City Council which will result in new premises being built for the Charities future use. The Maintenance Provision is therefore no longer relevant. Young Bristol beingthe Freeholders of the premises have therefore undertaken to settle the outstanding balance owingfrom the original building. Page 7
BROAD PLAIN & RIVERSIDE YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS-continued forthe Year Ended 31 March 2024 12 TANGIBLE FIXED ASSETS Fixtures and Fittings Motor Vehicles Totals COST At 1st April 2023 Additions Disposals At 31st March 2024 3,989 46,313 50,302 0 (46,313) (46,313) 3.989 3.989 DEPRECIATION At 1st April 2023 Charge foryear Eliminated on disposal 3,378 15,715 204 204 0 (12,337) (12,337) 3,582 3,582 12,337 NET BOOKVALUE At 31 March 2023 At 31 March 2024 611 33,976 34,587 407 407 13 DEBTORS: AMOUNTS FALLING DUEWITHIN ONE YEAR 31.3.24 31.3.23 Trade Debtors Debtor BPWWYP Young Bristol re Appeal 500 818 8,094 9,412 11,670 818 17,094 29,582 14 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Charities Commission Social security and othertaxes (1,615) (1,273) 7,800 1,852 8.37g 811 (804) 15 PROVISIONS FOR LIABILITIES 31.3.24 31.3.23 Maintenance Provision No longer required as building now scheduled for Demolition, 24,000 page 6
BROAD PLAIN & RIVERSIDE YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS-continued fortheyear Ended 31 March 2024 16 MOVEMENT IN FUNDS At Net At 1.4. 2023 movement 31.3.2024 in funds Unrestricted funds Generalfund 32,638 (32,392) 246 Restricted funds Hole/HumbyTrust 27,156 27,156 TOTAL FUNDS 59,794 (32,392) 27,402 Net movement in funds, included in the above are as follows Incoming Resources Movement resources expended in funds Unrestrlcted funds General Fund 53,055 85,447 32,392 Comparatives for movement in funds At Net At 1.4.2022 movement 31.3.23 in funds Unrestricted funds Generalfund 64,849 (32,211) 32,638 Restrlcted funds Hole/HumbyTrust 27,156 27,156 TOTAL FUNDS 92,005 (32,211) 59,794 17 RELATED PARTY DISCLOSURES . There were no related partytransactions forthe year ended 31 March 2024. Page 9
BROAD PLAIN & RIVERSIDE YOUTH PROJECT DETAILED STATEMENT OF FINANCIALACTIVITIES forthe year ended 31 March 2024 31.3.24 31.3.23 INCOMEAND ENDOWMENTS Donations and Grants 22,811 9,151 Other trading activities Advertising Income EducationaL Training Use of Facilities Income from Events Boxing Events Car Parking 4,000 4,930 4,266 6,000 3,288 561 23,045 125,735 4,000 59,595 2,440 59,700 Investment Income Deposit Account Interest 107 47 Other Income Gain on sale of tangible fixed assets LoyaltyAwards Boxing and fitness Youth Club Income Insurance Claim 1,084 1,775 14 4,462 4,636 3,290 2,046 668 7,092 10,887 Total Incoming Resources 53,055 145,820 EXPENDITURE Other TiadingActivities Purchases &Transport Costs Rates, Insurance, Light & Heat Trustees Fees Wages Telephone Sundry Expense Training Cost5 Hire of Machinery Cleaning & Refuse Repairs & Renewals Subscriptions Postage, stationary & computer Alarm Costs Redundancy Pay Independent Examination Fee 2,880 29,052 3.305 66,076 1,976 426 668 18,113 35,085 4,355 92,336 1,999 479 780 489 1,496 531 375 884 3,040 969 2,187 2.044 2,725 2.666 1,947 3,810 600 600
116,297 165,596 Other Legal Fees Fixtures & Fittings Depreciation Motorvehicles Depreciation 714 204 203 11,325 12,242 204 Support Costs Bank Charges 131 193 Exceptional Items Maintenance Provision no Longer required Charities Commission Reserve no longer required (24,000) (7,800) (31,800} Total resources expended 84,832 178,031 Net (expenditure)/lncome (31,777) (32,211)