REGISTERED COMPANY NUMBER: CE006672 (England and Wales) REGISTERED CHARITY NUMBER: 1165659
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31st March 2023
for
THE BLACKPOOL BOYS AND GIRLS CLUB
Whittles LLP Chartered Accountants 1 Richmond Road Lytham St Annes Lancashire FY8 1PE
THE BLACKPOOL BOYS AND GIRLS CLUB
| Contents of the Financial Statements | |
|---|---|
| for the Year Ended 31st March 2023 | |
| Page | |
| Report of the Trustees | 1 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 12 |
| Detailed Statement of Financial Activities | 13 |
THE BLACKPOOL BOYS AND GIRLS CLUB
Report of the Trustees
for the Year Ended 31st March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The general objects of the Club are to promote the mental, physical and social well-being of boys and girls resident in the Blackpool area; to collect funds for administration and to administer such monies as may from time to time be subscribed for the benefit of the Club and its members; and to arrange and provide such outside activities as the committee may decide for the benefit of the members.
Organisation and activities
The Club is managed by an Executive Committee and activities are co-ordinated with the Lancashire Association of Boys and Girls Clubs (LABGC). The Centre organises meetings and activities for young and disabled people within the Blackpool area.
The focus of our activities remains the design of personal development plans and a programme of youth orientated events and activities. This benefits young people by developing their self-confidence and social skills alongside practical IT skills and life skills.
Public benefit
In planning our activities for the year we kept in mind the Charity Commission's guidance on public benefit. We welcome all young people regardless of personal background, faith, gender or personal circumstances and we believe this philosophy of openness to all enriches everyone through the sharing of the skills, aptitudes and life experiences of our young people aged 8 to 19 and volunteers.
Volunteers
A great contribution is made by our member volunteers. We are grateful for the many hours volunteers have spent listening to and encouraging our young people and working with our youth workers. Without this valuable contribution of time, energy and expertise we would not have been able to achieve so much.
ACHIEVEMENT AND PERFORMANCE
Review of progress and achievements
Progress has been made in many areas of the Club activities this year and steps are in place to promote the Club's activities in the future.
FINANCIAL REVIEW
Financial position
The financial position of the charity can be found on the main financial statements and related notes in these accounts.
Finances
The attached financial statements show the current state of the Club's finances, which the Committee consider to be sound. It is a stated aspirational policy of the Committee that the Club holds sufficient funding in reserve to ensure that the Club is operational for a minimum of 3 months.
At the year end of 31 March 2023, the Committee is of the opinion that this reserves policy has not quite been achieved and reserves will look to be increased in line with the policy over the next 12 months.
The Committee, having recognised a new opportunity, has engaged with the local authority to look at future strategies going forward, and as part of that work it has identified various avenues of increasing reserves significantly in the short term, with the intention this will become the normal in the next 24 months. The ongoing reserves situation is being monitored on an ongoing basis, and the committee are comfortable there are relevant factors to negate the risk.
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THE BLACKPOOL BOYS AND GIRLS CLUB
Report of the Trustees
for the Year Ended 31st March 2023
FINANCIAL REVIEW
Going concern
The financial statements have been prepared on a going concern basis. This is the conclusion of the Trustees after taking full consideration of the uncertainties faced by the charity resulting from the Covid-19 pandemic that continues to affect both the UK and World's economies.
In preparing these financial statements the Trustees are required to prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
Greater demand has been placed on the charity's financial resources due to Covid-19 and the various enforced closures of day to day operations that have had to be endured. This forced the Trustees to revisit their financial projections for the next twelve months after assessing the impact of limited or no individuals accessing the services offered.
Prudent assumptions have been made on the impact on each of the charity's revenue streams and how it can reduce costs whilst limiting the impact on the charity's ability to generate future income as soon as the pandemic is over and there is a return to operating as normal.
Whilst closed, the Charity made cost savings and the Charity has also taken advantage of government support by accessing the Coronavirus Job Retention Scheme. The Charity is also in the fortunate position that its premises are donated by the local council and there is no rent commitment.
The Trustees have reviewed in detail the Charity's updated cash flow projections and funding options and considered the Charity's ability to discharge its liabilities as they fall due. In doing so, and despite the challenges faced, they have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity is a Charitable Incorporated Organisation (CIO) registered by the Charity Commission on 22nd February 2016. The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The Executive Committee Members are elected or appointed on an annual basis.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE009144 (England and Wales)
Registered Charity number
1165659
Registered Office
Mereside Youth Community Centre Bowness Avenue Mereside Blackpool Lancashire FY4 4TE
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THE BLACKPOOL BOYS AND GIRLS CLUB
Report of the Trustees for the Year Ended 31st March 2023
Trustees
Miss F Valentine (Chairman) Miss S Green Miss P O'Brien-Gleeson Mr B Riley Mr D O'Rourke Mr N J Cronin
Independent Examiner
Whittles LLP Chartered Accountants 1 Richmond Road Lytham St Annes Lancashire FY8 1PE
Bankers
Co-operative Bank Business Direct PO Box 250 Skelmersdale WN8 6WT Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................................. Miss F Valentine - Trustee
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THE BLACKPOOL BOYS AND GIRLS CLUB
Statement of Trustees' Responsibilities for the Year Ended 31st March 2023
The trustees (who are also the directors of The Blackpool Boys And Girls Club for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.
Page 4
Independent Examiner's Report to the Trustees of The Blackpool Boys and Girls Club
Independent examiner's report to the trustees of The Blackpool Boys and Girls Club (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 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 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
1 accounting records were not kept in respect of the 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 comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Wayne Murphy FCA Whittles LLP Chartered Accountants 1 Richmond Road Lytham St Annes Lancashire FY8 1PE
Date: .............................................
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THE BLACKPOOL BOYS AND GIRLS CLUB
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31st March 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and Legacies 18,926 Charitable activities General Club Activities 43,196 Other Trading Activities Other Income 3 4 - - Total 62,122 EXPENDITURE ON Charitable activities General Club Activities 57,005 NET INCOME/(EXPENDITURE) 5,117 RECONCILIATION OF FUNDS Total funds brought forward (11,657) TOTAL FUNDS CARRIED FORWARD (6,540) |
Restricted funds £ - - - - - 9,736 (9,736) 36,746 27,010 |
31.03.23 31.03.22 Total Total funds funds £ £ 18,926 9,500 43,196 87,034 - - - - 62,122 96,534 66,741 89,924 (4,619) 6,610 25,089 18,479 20,470 25,089 |
|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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THE BLACKPOOL BOYS AND GIRLS CLUB
Balance Sheet 31st March 2023
| Balance Sheet 31st March 2023 |
||||||
|---|---|---|---|---|---|---|
| 31.03.23 | 31.03.22 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 9 | 15 | 27,010 | 27,025 | 38,218 | |
| CURRENT ASSETS | ||||||
| Debtors | 10 | 10,128 | - | 10,128 | 10,291 | |
| Investments | 11 | 308 | - | 308 | 308 | |
| Cash at bank and in hand | 6,918 | - | 6,918 | 1,534 | ||
| 17,354 | - | 17,354 | 12,133 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 12 | (23,909) | - | (23,909) | (25,262) | |
| NET CURRENT ASSETS | (6,555) | - | (6,555) | (13,129) | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | (6,540) | 27,010 | 20,470 | 25,089 | ||
| NET ASSETS | (6,540) | 27,010 | 20,470 | 25,089 | ||
| FUNDS | 13 | |||||
| Unrestricted funds | (6,540) | (11,657) | ||||
| Restricted funds | 27,010 | 36,746 | ||||
| TOTAL FUNDS | 20,470 | 25,089 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Miss F Valentine - Trustee
The notes form part of these financial statements
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THE BLACKPOOL BOYS AND GIRLS CLUB
Notes to the Financial Statements for the Year Ended 31st March 2023
1. STATUTORY INFORMATION
The Blackpool Boys and Girls Club is registered as a charitable incorporated organisation and is domiciled in the UK. The charity's registered number and principal office can be found in the 'Reference and Administrative Details' section of the Report of the Trustees.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£).
No significant judgements have had to be made by the trustees in preparing these financial statements.
The financial statements have been prepared on a going concern basis. This is the conclusion of the Trustees after taking full consideration of the ongoing uncertainties faced by the Charity resulting from the Covid-19 pandemic that continues to affect both the UK and World's economies. Despite the challenges faced, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements. Further detail can be found in the Report of the Trustees.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance Computer equipment - 33% on cost
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.
continued...
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THE BLACKPOOL BOYS AND GIRLS CLUB
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
2. ACCOUNTING POLICIES - continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Donated services and facilities
Donated services and facilities are included at the value to the charity where this can be quantified.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are value at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
3.
4.
5.
OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| 31.03.23 | 31.03.22 | ||
| £ | £ | ||
| Fundraising events | - | - | |
| OTHER INCOME | |||
| 31.03.23 | 31.03.22 | ||
| £ | £ | ||
| Covid-19 related grants and wage subsidies | - | - | |
| SUPPORT COSTS | |||
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| General Club Activities | 244 | 1,725 | 1,969 |
| Support costs, included in the above, are as follows: | |||
| 31.03.23 | 31.03.22 | ||
| General | |||
| Club | Total | ||
| Activities | activities | ||
| £ | £ | ||
| Postage, stationery and website | 244 | 1,598 | |
| Accountancy | 1,375 | 1,325 | |
| Independent examiners fees | 350 | 325 | |
| 1,969 | 3,248 |
continued...
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THE BLACKPOOL BOYS AND GIRLS CLUB
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
7. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.03.23 | 31.03.21 | |
| £ | £ | |
| Wages and salaries | 10,834 | 10,711 |
| Employer pension contributions | 35 | - |
| 10,869 | 10,711 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.03.23 | 31.03.22 | |
| Administration | 1 | 1 |
No employees received emoluments in excess of £60,000.
8. DONATED SERVICES & FACILITIES
Included in donations is £8,000 (2022: £8,000) in the form of donated facilities for use of premises at Mereside Youth Community Centre operated by the charity.
9. TANGIBLE FIXED ASSETS
| Fixtures and Computer fittings equipment £ £ COST At 1st April 2022 Additions 40,829 - 19,118 - At 31st March 2023 40,829 19,118 DEPRECIATION At 1st April 2022 16,611 5,118 Charge for year 6,526 4,667 At 31st March 2023 23,137 9,785 NET BOOK VALUE At 31st March 2023 17,692 9,333 At 31st March 2022 24,218 14,000 |
Totals £ 59,947 - |
|---|---|
| 59,947 | |
| 21,729 11,193 |
|
| 32,922 | |
| 27,025 | |
| 38,218 |
continued...
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THE BLACKPOOL BOYS AND GIRLS CLUB
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 31.03.23 | 31.03.22 | |||
| £ | £ | |||
| Prepayments | 10,128 | 10,291 | ||
| 11. | CURRENT ASSET INVESTMENTS | |||
| 31.03.23 | 31.03.22 | |||
| £ | £ | |||
| Unlisted investments | 308 | 308 | ||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.03.23 | 31.03.22 | |||
| £ | £ | |||
| Other creditors | 7,071 | 6,891 | ||
| Accrued expenses | 16,838 | 18,371 | ||
| 23,909 | 25,262 | |||
| 13. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 01.04.22 | in funds | 31.03.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (11,657) | 5,117 | (6,540) | |
| Restricted funds | ||||
| Blackpool Borough Council Forum Funding - | ||||
| funding for salaries, running costs and general | ||||
| club activities | 646 | (646) | - | |
| BBC Children in Need - | ||||
| funding for Youth Investment Fund | 36,100 | (9,090) | 27,010 | |
| 36,746 | (9,736) | 27,010 | ||
| TOTAL FUNDS | 25,089 | (4,619) | 20,470 |
continued...
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THE BLACKPOOL BOYS AND GIRLS CLUB
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Blackpool Borough Council Forum Funding - funding for salaries, running costs and general club activities BBC Children in Need - funding for Youth Investment Fund TOTAL FUNDS |
Incoming resources £ 62,122 - - 62,122 |
Resources Movement expended in funds £ £ (57,005) 5,117 (646) (646) (9,090) (9,090) (9,736) (9,736) (66,741) (4,619) |
|---|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2023.
15. VOLUNTEERS
A great contribution is made by our member volunteers. We are grateful for the many hours volunteers have spent listening to and encouraging our young people and working with our youth workers. Without this valuable contribution of time, energy and expertise we would not have been able to achieve so much.
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