## BRITWELL YOUTH AND COMMUNITY PROJECT 

## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 

31ST MARCH 2022 

- 1 Updated Reserves Policy 

The charity has performed a detailed review of its cashflow forecasts and future budgets and reviewed the Reserves Policy to assess ongoing financial viability, should the lottery funding not be renewed. 

The Reserves Policy has been revised to ensure that Unrestricted Funds not committed or invested in tangible fixed assets, (“the Free Reserves”), held by the Charity, should be between 6 and 12 months of the resources expended, rather than between 3 and 12 months as previously stated. Based on the new policy, Free Reserves should be between £54,988 and £109,977.  Free Reserves as at 31st March 2022 totalled £159,578. At this level, the Trustees feel that they would be able to continue the current activities of the charity in the event the Big Lottery funding is not renewed. However, if there is a significant drop in funding, it would obviously then be necessary to consider how the funding would be replaced or activities changed. 

- 2 Assets and donated goods 

The building used by the charity is owned by the National Association of Clubs for Young People and is on an 80 year lease from 24th June 1959.  The agreement is to pay a peppercorn rent for the first 6 months and £10 therafter.  The rent has not been charged and is, therefore, a donation.  This has not been shown in the accounts. 

During the year, goods were donated totalling £3,250, which were used to refurbish part of the kitchen.  This has been shown as income in donations and in building repairs/improvements as an expense. 

In the past, asset purchases have been included in expenses in the accounts.  The total asset purchases since February 2013 cost £38,768. 

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|**BRITWELL YOUTH A**|**BRITWELL YOUTH A**|**ND C**|**OMMUNITY P**|**RO**|**JECT**|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|**STATEMENT OF FINANCIAL ACTIVIT**||**IES F**|**OR YEAR EN**|**DE**|**D 31ST MA**|**RCH**|**2022**|||||
|||||||||||||
|||||||||||||
|**INCOMING RESOURCES**||**UNR**|**ESTRICTED**|**RE**|**STRICTED**||**TOTAL**<br>**31/03/22**|||**TOTAL**<br>**31/03/21**||
||||**FUNDS**||**FUNDS**|||||||
|||||||||||||
|**GRANTS**||||||||||||
||HMRC JRS||-||669.80||669.80|||21,686.74||
||GOVERNMENTGRANTS||10,667.00||||10,667.00|||20,193.29||
||BIG LOTTERY||-||100.00||100.00|||70,402.00||
|**BUILDING**||||||||||||
||LETTINGS||16,035.75||||16,035.75|||11,899.75||
|**ADMINISTRATION**||||||||||||
||INTEREST||36.90||||36.90|||93.85||
|**PROGRAMME**||||||||||||
||DONATIONS||26,285.41||||26,285.41|||21,701.02||
||CAFE INCOME||1,389.74||||1,389.74|||248.55||
||RESIDENTIAL||-||||-|||-||
||FUND RAISING||-||||-|||-||
|**PROJECTS**||||||||||||
||BLAGRAVE TRUST||-||10,744.00||10,744.00|||-||
||ROLLERDOME||-||1,225.00||1,225.00|||-||
||BOXING COACH||-||4,284.00||4,284.00|||-||
||SPORTS COACH||-||2,500.00||2,500.00|||-||
||POLICE PROPERTY ACT||-||||-|||-||
||GIRLS GROUP HOMEBUILD<br>RIFOARTS||-||||-|||-||
||YOF/BIKE||-||35.00||35.00|||215.00||
||YES CONSORTIUM||-||1,900.00||1,900.00|||2,600.00||
||LOVE MUSIC HATE<br>VIOLENCE||-||||-|||-||
||||**54,414.80**||**21,457.80**||**75,872.60**|||**149,040.20**||
|||||||||||||
|**RESOURCES EXPENDED**||**UNR**|**ESTRICTED**|<br>**RE**|**STRICTED**|<br>**TO**|**TAL**|**31/03/22**|**TOT**|**AL**<br>|**31/03/21**|
||||**FUNDS**||**FUNDS**|||||||
|||||||||||||
|**BUILDING**||||||||||||
||WATER RATES||1,908.81|||||1,908.81|||154.88|
||HEAT AND LIGHT||2,752.28|||||2,752.28|||2,301.81|
||CLEANING||216.98|||||216.98|||222.27|
||TELEPHONE/INTERNET||595.45|||||595.45|||598.43|
||BLDG REPAIRS/IMP||5,783.40|||||5,783.40|||332.44|
||SECURITY||880.80|||||880.80|||958.92|
||INSURANCE||1,831.04|||||1,831.04|||1,738.16|
|**ADMINISTRATION**||||||||||||
||SALARIES/PENSION||29,065.15||||29,065.15|||29,330.94||
||ADMIN/OFFICE||560.13||||560.13|||251.76||
||SUBSCRIPTIONS||96.67||||96.67|||-||
||MEETINGS||56.33||||56.33|||16.10||
||INDEPENDENT EXAMINER||600.00||||600.00|||711.80||
|**PROGRAMME**||||||||||||
||ACTIVITIES||86.42||||86.42|||-||
||EQUIPMENT||266.86||||266.86|||348.14||
||SUNDRY||106.50||||106.50|||-||
||TV/VISUAL AIDS||159.00||||159.00|||157.50||
||COKE MACHINE(RENT)||360.00||||360.00|||360.00||
||CAFE EXPENSES||809.58||||809.58|||282.96||
|**PROJECTS**||||||||||||
||BLAGRAVE TRUST||-||5,379.56||5,379.56|||-||
||BIGLOTTERY||-||60,825.28||60,825.28|||75,598.79||
||RIFCO ARTS||-||||-|||-||
||POLICE PROPERTY ACT||-||36.12||36.12|||-||
||LOVE MUSIC HATE<br>VIOLENCE||-||||-|||-||
||GARFIELD WESTON||-||||-|||-||
||Y.O.F.||-||||-|||-||
||GIRLS GROUP||-||850.63||850.63|||3,621.23||
|**TOTAL RESOURCES**<br>**EXPENDED**|||**46,135.40**||**67,091.59**||**113,226.99**|||**116,986.13**||
|||||||||||||
|**NET INCOME(DEFICIT)BEFORE TRANSFERS**|||**8,279.40**|**-**|**45,633.79**|**-**|**37,354.39**|||**32,054.07**||
|||||||||||||
|**TRANSFERS BETWEEN**<br>**FUNDS**||-|31,001.56||31,001.56||-|||-||
|||||||||||||
|**NET MOVEMENT IN FUNDS**||**-**|**22,722.16**|**-**|**14,632.23**|**-**|**37,354.39**|||**32,054.07**||
|||||||||||||
|**OPENING FUNDS**|||182,300.36||74,566.80||256,867.16|||224,813.09||
|**CLOSING FUNDS**|||**159,578.20**||**59,934.57**||**219,512.77**|||**256,867.16**||



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||**BRITWELL YOUTH AND COMMUNITY PROJECT**|**BRITWELL YOUTH AND COMMUNITY PROJECT**|**BRITWELL YOUTH AND COMMUNITY PROJECT**|**BRITWELL YOUTH AND COMMUNITY PROJECT**|**BRITWELL YOUTH AND COMMUNITY PROJECT**|**BRITWELL YOUTH AND COMMUNITY PROJECT**|**BRITWELL YOUTH AND COMMUNITY PROJECT**|**BRITWELL YOUTH AND COMMUNITY PROJECT**||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||**BALANCE SHEET AS AT 31ST MARCH 2022**|||||||||||
|||||||||||||
|||||||||||||
||**Notes**|||**UNRESTRICTED**<br>**FUNDS**||**RESTRICTED**<br>**FUNDS**|||**TOTAL**<br>**31/03/22**|**TOTAL**<br>**31/03/21**||
|||||||||||||
|||||||||||||
|**CURRENT ASSETS**||||||||||||
|CASH IN HAND|||||44.89||||44.89|72.53||
|NAT WEST BANK ACCOUNTS|||||2,156.81||||2,156.81|2,156.68||
|C A F BANK A/Cs|||||155,399.14||59,934.57||215,333.71|256,083.11||
|STOCK|||||84.46||||84.46|84.46||
|DEBTORS & PREPAYMENTS|||||3,044.00||||3,044.00|10,433.29||
|||||||||||||
|**NET CURRENT ASSETS**|||||**160,729.30**||**59,934.57**||**220,663.87**|**268,830.07**||
|||||||||||||
|**CURRENT LIABILITIES**||||||||||||
|CREDITORS|||-||1,151.10|||-|1,151.10|11,962.91<br>-||
|||||||||||||
|**FUNDS**|**1**||||**159,578.20**||**59,934.57**||**219,512.77**|**256,867.16**||
|||||||||||||
|||||||||||||
|**RESTRICTED FUNDS**||||||||||||
|||||||||||||
||**Building**|**SBC/Bike**<br>**Y.O.F**||**Rifco arts**||**Big Lottery**||**PolicePropAct**||**Girls group**||
|BAL B/FWD 1/4/2020|15,470.46|7,705.89||113.59||29,723.72||5,111.79||5,041.35||
|INCOME||35.00||||100.00||||||
|EXPENDITURE||||||60,825.28<br>-||36.12<br>-||850.63<br>-||
|TRANSFERS BETWEEN FUNDS||||||31,001.56||||||
|**TOTAL C/FWD**|**15,470.46**|**7,740.89**||**113.59**||**-**||**5,075.67**||**4,190.72**||
|||||||||||||
|||||||||||||
|||||||||||||
||**Yes Cons**|**Blagrave**||**Rollerdome**||**Boxing Coach**||**Sports Coach**||**Total**||
|BAL B/FWD 1/4/2020|11,400.00|||||||||74,566.80||
|INCOME|1,900.00|11,413.80||1,225.00||4,284.00||2,500.00||21,457.80||
|EXPENDITURE||5,379.56<br>-||||||||67,091.59<br>-||
|TRANSFERS BETWEEN FUNDS||||||||||31,001.56||
|**TOTAL C/FWD**|**13,300.00**|**6,034.24**||**1,225.00**||**4,284.00**||**2,500.00**||**59,934.57**||
|||||||||||||



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