Company registration number: 10214411 Charity registration number: 1171439
## Sherborne Area Youth and Community Centre Limited
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 June 2024
Lanham & Francis 77a Cheap Street Sherborne Dorset DT9 3BA
## **Sherborne Area Youth and Community Centre Limited**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9 to 10|
|Notes to the Financial Statements|11 to 20|
## **Sherborne Area Youth and Community Centre Limited**
## **Reference and Administrative Details**
|**Charity Registration Number**|1171439|
|---|---|
|**Company Registration Number**|10214411|
||The charity is incorporated in England and Wales.|
|**Registered Office**|77a Cheap Street|
||Sherborne|
||Dorset|
||DT9 3BA|
|**Principal Office**|Cliff House|
||Yeovil Road|
||Sherborne|
||Dorset|
||DT9 4BB|
|**Independent Examiner**|Ian Dodds|
||77a Cheap Street|
||Sherborne|
||Dorset|
||DT9 3BA|
|**Accountants**|Lanham & Francis|
||77a Cheap Street|
||Sherborne|
||Dorset|
||DT9 3BA|
Page 1
## **Sherborne Area Youth and Community Centre Limited**
## **Trustees' Report (including Directors' Report)**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 June 2024.
## **Objectives and activities**
## _**Objects and aims**_
The principal activity of the company is to establish, maintain and manage a youth and community centre for the use of the community and young people and to advance education and provide facilities in the interests of social welfare for recreation and leisure-time occupation for the benefit of the residents and young people of Sherborne and the neighbourhood.
## _**Public benefit**_
The facilities provide activities and a social centre for young people and also facilities which can be used by the wider population of Sherborne and the surrounding area. We continue to review our aims and objectives in the light of the Charity Commission's general guidance.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mr Russ King Mr Alistair Powell D A Cuff S E Thomas-Peter N J Edwards Mr I D Dodds (resigned 22 March 2024)
## **Structure, governance and management**
## _**Nature of governing document**_
The Company is governed by the Memorandum and Articles of Association drawn up on its incorporation and by the Statement of Recommended Practice – 2015 and Financial Reporting Standard 102 Accounting and Reporting by Charities.
## _**Recruitment and appointment of trustees**_
The directors of the company are also Charity Trustees. Under the requirements of the Memorandum and Articles of Association, trustees are elected by full members at the Annual General Meeting.
One third of the trustees have to retire from office annually and shall be eligible for re-election.
None of the Trustees has a beneficial interest in the company.
Each full member, including the trustees, is liable to a contribution of £1 in the event of the charity winding up.
Page 2
## **Sherborne Area Youth and Community Centre Limited**
## **Trustees' Report (including Directors' Report)**
## _**Induction and training of trustees**_
Under induction and training procedures both existing and new trustees are advised to study the Charity Commission’s document CC3 - The Essential Trustees: What You Need to Know. The charity provides access to training courses and seminars for individual trustees where this is deemed to be of benefit to the charity.
## _**Organisational structure**_
The trustees administer the charity but may not receive any remuneration for so doing. The may call a general meeting at any time on an Ad Hoc basis.
## **Achievements and performance**
The company administers the Sherborne Area Youth and Community Centre. It is continuing to improve the facilities and activities available at the centre, for the benefit of the residents and young people of Sherborne and the neighbourhood.
## **Financial review**
The trustees keep all of the charity's activities under constant review to ensure that its objectivrs are met.
The charity had a surplus of £7,633 (2023 : £3,205), which the trustees feel is satisfactory in view of the current economic climate and the state and condition of the main building and the surrounding site.The charity also has a website and social media presence to raise its profile.
Income was received in the form of restricted grants and donations totalling £1,000 and unrestricted funding of £10,000 from Sherborne Town council.
## _**Policy on reserves**_
At the year end total reserves amounted to £71,843 (2023 : £64,210), including restricted funds of £22,103 (2023 : £21,973).
The trustees are aware that there is currently a difficult economic climate. They are pursuing sources of grant funding and planning fundraising activities to build up reserves to meet any future costs.
The trustees constantly review their reserves to ensure that a satisfactory level is maintained. They are held to fund improvements and repairs to the property.
## **Plans for future periods**
## _**Aims and key objectives for future periods**_
The charity plans to continue its program of providing a venue for multiple sessions by numerous local community groups and to contnue to run the youth club based at the centre. The individual community groups provide a wide range of activities for all ages from babies to the very elderly, as well as numerous types of activities from wellbeing exercises to various forms of art.
## **Risk Policy**
The major risks to which the charity is exposed have been discussed by the trustees and are regularly reviewed to ensure systems are in place to manage them.
Page 3
## **Sherborne Area Youth and Community Centre Limited**
## **Trustees' Report (including Directors' Report)**
## **Safeguarding Children, Young People and Vulnerable Adults**
## _**Statement of Intent**_
All children, young people under 18 and vulnerable adults, i.e. those who are (or may be) unable to take care of themselves or protect themselves from significant harm or serious exploitation, have the right to be kept safe.
SAYCC believes that it is always unacceptable for a child, young person or vulnerable adult to experience abuse of any kind and is committed to safeguarding and promoting their welfare regardless of gender, ethnicity, disability, sexuality or beliefs and expects all trustees, staff and volunteers to share this commitment.
All volunteers will be made aware of and understand the Policy and Procedures. A simple staff guide will be provided to all volunteers.
## **Child, Young Person & Vulnerable Adult Protection Policy**
We recognise that:
- The welfare of the child/young person/vulnerable adult is paramount.
- Abuse in any form, must be taken seriously and responded to swiftly and appropriately.
- Working in partnership with children, young people, vulnerable adults, their parents, carers and other agencies is essential in promoting their welfare.
- Privacy and confidentiality should be respected unless the person’s safety is compromised but staff should act reasonably to ‘rumours and gossip’
The purpose of the policy:
• To provide protection for all our underage and vulnerable adult beneficiaries.
• To provide SAYCC staff and volunteers with guidance on procedures they should adopt in the event that they suspect a child, young person or vulnerable adult may be experiencing, or be at risk of harm of any kind.
This policy applies to the entire workforce, paid or volunteer, including Trustees, professional staff, office staff, sessional workers, students or anyone working for SAYCC.
Page 4
## **Sherborne Area Youth and Community Centre Limited**
## **Trustees' Report (including Directors' Report)**
## **We will safeguard children, young people and vulnerable adults by:**
- Valuing them, listening to and respecting them.
- Adopting safeguarding guidelines.
• Recruiting staff and volunteers safely, ensuring DBS checks are made on all members of staff, volunteers and trustees having regular or unsupervised face to face contact with children and young people or vulnerable adults and also that references are followed up. (Safe recruitment policy)..
• Sharing information about safeguarding and good practice with children, parents, staff and volunteers.
• Sharing information about concerns with agencies that need to know and involving parents and children appropriately.
• Providing effective management for staff and volunteers through supervision/review sessions, support and training.
• Giving guidance and support to inexperienced helpers.
We are also committed to reviewing our policy and good practice annually. We aim to ensure the Child and Vulnerable Adult Protection Officers within SAYCC receive updated training every two years and our staff and volunteers, every three years.
DBSs are reviewed at least every five years and renewed in consultation with the trustees, when there is a substantial reason to do so.
If concerns are raised about the behaviour of any member of staff or volunteer, the matter must be raised with the CVAP officer and the Chairman of the Trustees who will take appropriate action, keeping the Trustees informed.
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of Sherborne Area Youth and Community Centre Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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 that can disclose with reasonable accuracy at any time the financial position of the charitable company and 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.
Page 5
## **Sherborne Area Youth and Community Centre Limited**
## **Trustees' Report (including Directors' Report)**
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on 26 June 2025 and signed on its behalf by:
Mr Russ King Trustee
Page 6
## **Sherborne Area Youth and Community Centre Limited**
## **Independent Examiner's Report to the trustees of Sherborne Area Youth and Community Centre Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.
## **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 Sherborne Area Youth and Community Centre Limited 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.
Ian Dodds
77a Cheap Street Sherborne Dorset DT9 3BA
26 June 2025
Page 7
## **Sherborne Area Youth and Community Centre Limited**
## **Statement of Financial Activities for the Year Ended 30 June 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**funds**
**£**
20,533
22,654
3,816
47,003
(5,214)
(34,286)
(39,500)
7,503
7,503
42,237
49,740|**Restricted**
**funds**
**£**
1,000
-
-
1,000
-
(870)
(870)
130
130
21,973
22,103|**Total**
**2024**
**£**
21,533
22,654
3,816
48,003
(5,214)
(35,156)
(40,370)
7,633
7,633
64,210
71,843|**Total**
**2023**
**£**
19,267
18,486
5,459|
|---|---|---|---|---|
|||||43,212|
|||||(6,097)
(33,910)|
|||||(40,007)|
|||||3,205|
|||||3,205
61,005|
|||||64,210|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 19.
The notes on pages 11 to 20 form an integral part of these financial statements. Page 8
## **Sherborne Area Youth and Community Centre Limited**
## **(Registration number: 10214411) Balance Sheet as at 30 June 2024**
|**Note**
**Fixed assets**
Tangible assets
14
**Current assets**
Stocks
15
Debtors
16
Cash at bank and in hand
17
**Creditors: Amounts falling due within one year**
18
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
19|**2024**
**£**
1,899
90
8,200
74,364
82,654
(12,710)
69,944
71,843
22,103
49,740
71,843|**2023**
**£**
1,315
90
3,975
70,949|
|---|---|---|
|||75,014
(12,119)|
|||62,895|
|||64,210|
|||21,973
42,237|
|||64,210|
For the financial year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The notes on pages 11 to 20 form an integral part of these financial statements. Page 9
## **Sherborne Area Youth and Community Centre Limited**
## **(Registration number: 10214411) Balance Sheet as at 30 June 2024**
The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on 26 June 2025 and signed on their behalf by:
Mr Russ King Trustee
Mr Alistair Powell Trustee
The notes on pages 11 to 20 form an integral part of these financial statements. Page 10
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: 77a Cheap Street Sherborne Dorset DT9 3BA The principal place of business is: Cliff House Yeovil Road Sherborne Dorset DT9 4BB
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Sherborne Area Youth and Community Centre Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 11
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 12
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Furniture and equipment
## **Depreciation method and rate**
20% straight line equipment, 33.33% straight line computer equipment
## **Stock**
Tuck shop stock is valued at historic cost.
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 13
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## **3 Income from donations and legacies**
|Donations and legacies;
Donations to major appeals
Gift aid reclaimed
Grants, including capital grants;
Government grants
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
9,541
992
10,000
20,533
18,367|**Restricted**
**funds**
**£**
1,000
-
-
1,000
900|**Total**
**funds**
**£**
10,541
992
10,000|
|---|---|---|---|
||||21,533|
||||19,267|
Page 14
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **4 Income from charitable activities**
|Property hire, session fees and rental income
**Total for 2024**
**Total for 2023**
**5**
**Income from other trading activities**
Trading income;
Sales of goods and services
Other trading income
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
22,654
22,654
18,486
**Unrestricted**
**funds**
**General**
**£**
2,483
1,333
3,816
5,459|**Total**
**funds**
**£**
22,654|
|---|---|---|
|||22,654|
|||18,486|
|||**Total**
**funds**
**£**
2,483
1,333|
|||3,816|
|||5,459|
## **6 Expenditure on raising funds**
## **a) Costs of trading activities**
|**Note**
Costs of goods sold
Local fundraising and street collection
Other direct costs of activities for generating funds
**Note**
Costs of goods sold
Local fundraising and street collection
Other direct costs of activities for generating funds|**Unrestricted**
**funds**
**General**
**£**
1,800
500
2,914
5,214
**Unrestricted**
**funds**
**General**
**£**
2,528
554
3,015
6,097|**Total**
**2024**
**£**
1,800
500
2,914|
|---|---|---|
|||5,214|
|||**Total**
**2023**
**£**
2,528
554
3,015|
|||6,097|
Page 15
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **7 Expenditure on charitable activities**
|**Note**
Property hire, session fees and rental
income
Depreciation, amortisation and other
similar costs
Governance costs
8
**Note**
Property hire, session fees and rental
income
Depreciation, amortisation and other
similar costs
Governance costs
8|**Unrestricted**
**funds**
**General**
**£**
30,601
1,685
2,000
34,286
**Unrestricted**
**funds**
**General**
**£**
30,191
972
1,920
33,083|**Restricted**
**funds**
**£**
870
-
-
870
**Restricted**
**funds**
**£**
827
-
-
827|**Total**
**2024**
**£**
31,471
1,685
2,000|
|---|---|---|---|
||||35,156|
||||**Total**
**2023**
**£**
31,018
972
1,920|
||||33,910|
In addition to the expenditure analysed above, there are also governance costs of £2,000 (2023 - £1,920) which relate directly to charitable activities. See note 8 for further details.
## **8 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
2,000
2,000
1,920|**Total**
**funds**
**£**
2,000|
|---|---|---|
|||2,000|
|||1,920|
Page 16
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **9 Net incoming/outgoing resources**
Net incoming resources for the year include:
|Depreciation of fixed assets|**2024**
**£**
1,685|**2023**
**£**
972|
|---|---|---|
## **10 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **Mr Russ King**
£5,435 (2023: £2,588) of expenses were reimbursed to Mr Russ King during the year.
## **S E Thomas-Peter**
£458 (2023: £268) of expenses were reimbursed to S E Thomas-Peter during the year.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
## **11 Staff costs**
The aggregate payroll costs were as follows:
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|Trustees
No employee received emoluments of more than £60,000 during the year.
**12 Independent examiner's remuneration**
Examination of the financial statements|**2024**
**No**
6
**2024**
**£**
2,000|**2023**
**No**
6|
|---|---|---|
|||**2023**
**£**
1,920|
## **13 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 17
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **14 Tangible fixed assets**
|**14 Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost**
At 1 July 2023
Additions
At 30 June 2024
**Depreciation**
At 1 July 2023
Charge for the year
At 30 June 2024
**Net book value**
At 30 June 2024
At 30 June 2023
**15 Stock**
Stocks
**16 Debtors**
Other debtors
**17 Cash and cash equivalents**
Cash at bank
**18 Creditors: amounts falling due within one year**
Accruals||**Furniture and**
**equipment**
**£**
21,755
2,269
24,024
20,440
1,685
22,125
1,899
1,315
**2024**
**£**
90
**2024**
**£**
8,200
**2024**
**£**
74,364
**2024**
**£**
12,710||**Total**
**£**
21,755
2,269
24,024
20,440
1,685
22,125
1,899
1,315
**2023**
**£**
90|
|||24,024|||
|||20,440
1,685|||
|||22,125|||
|||1,899|||
|||1,315|||
|||**2024**
**£**
90
**2024**
**£**
8,200
**2024**
**£**
74,364
**2024**
**£**
12,710|||
|||||**2023**
**£**
3,975|
|||||**2023**
**£**
70,949|
|||||**2023**
**£**
12,119|
Page 18
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **19 Funds**
|**19 Funds**|||||
|---|---|---|---|---|
|**Unrestricted funds**
General
**Restricted funds**
**Total funds**
**Unrestricted funds**
General
**Restricted funds**
**Total funds**|**Balance at 1**
**July 2023**
**£**
42,237
21,973
64,210
**Balance at 1**
**July 2022**
**£**
39,105
21,900
61,005|**Incoming**
**resources**
**£**
58,917
1,000
59,917
**Incoming**
**resources**
**£**
54,775
900
55,675|**Resources**
**expended**
**£**
(51,414)
(870)
(52,284)
**Resources**
**expended**
**£**
(51,643)
(827)
(52,470)|**Balance at 30**
**June 2024**
**£**
49,740
22,103|
|||||71,843|
|||||**Balance at 30**
**June 2023**
**£**
42,237
21,973|
|||||64,210|
The specific purposes for which the funds are to be applied are as follows:
Sherborne Abbey £400 for Focus on Youth week Sherborne Community Reforne church £500 for Focus on youth week Dorset council £21,000 for part grant re specific improvement costs Foodbank £973 for assisting those in need
## **20 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
1,899
60,551
(12,710)
49,740|**Restricted**
**funds**
**£**
-
22,103
-
22,103|**Total funds at**
**30 June**
**2024**
**£**
1,899
82,654
(12,710)|
|---|---|---|---|
||||71,843|
Page 19
## **Sherborne Area Youth and Community Centre Limited**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
**21 Analysis of net funds**
Cash at bank and in hand
Net funds
Cash at bank and in hand
Net funds||**Unrestricted**
**funds**
**General**
**£**
1,315
53,041
(12,119)
42,237
**At 1 July 2023**
**£**
70,949
70,949
**At 1 July 2022**
**£**
58,883
58,883|**Restricted**
**funds**
**£**
-
21,973
-
21,973
**Financing cash**
**flows**
**£**
3,415
3,415
**Financing cash**
**flows**
**£**
12,066
12,066|**Total funds at**
**30 June**
**2023**
**£**
1,315
75,014
(12,119)|
|---|---|---|---|---|
|||||64,210|
|||||**At 30 June**
**2024**
**£**
74,364
74,364
**At 30 June**
**2023**
**£**
70,949
70,949|
Page 20
## **Sherborne Area Youth and Community Centre Limited**
## **Detailed Statement of Financial Activities for the Year Ended 30 June 2024**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Charitable activities (analysed below)
Other trading activities (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2024**
**£**
21,533
22,654
3,816
48,003
(5,214)
(35,156)
(40,370)
7,633
7,633
64,210
71,843|**Total**
**2023**
**£**
19,267
18,486
5,459|
|---|---|---|
|||43,212|
|||(6,097)
(33,910)|
|||(40,007)|
|||3,205|
|||3,205
61,005|
|||64,210|
This page does not form part of the statutory financial statements. Page 21
## **Sherborne Area Youth and Community Centre Limited**
## **Detailed Statement of Financial Activities for the Year Ended 30 June 2024**
|**_Donations and legacies_**
Donations and grants
Donations
Gift Aid tax reclaimed
Grants - other agencies
**_Charitable activities_**
Hire of property
Session fees
Rental income
Wages and outside youth worker services
**_Other trading activities_**
Tuck shop sales
FOY/FOF income
Other income-cheese and wine
**_Raising funds_**
Fundraising costs-cheese and wine
Tuck shop purchases
FOY/FOF expenses
**_Charitable activities_**
Youth club activity materials
Rent
Insurance
Depreciation of plant and machinery
Rates and water rates
Light, heat and power
Repairs and renewals
Telephone and fax
Computer software and maintenance costs
Printing, postage and stationery
Office and secretarial
Sundry expenses
Cleaning
Subscriptions
Professional fees|**Total**
**2024**
**£**
1,000
9,541
992
10,000
21,533
8,004
3,964
22,600
(11,914)
22,654
2,483
971
362
3,816
(500)
(1,800)
(2,914)
(5,214)
(3,945)
(1,000)
(870)
(1,685)
(100)
(1,750)
(10,255)
(2,611)
(814)
(338)
(1,945)
(760)
(7,083)
-
(2,000)|**Total**
**2023**
**£**
900
8,367
-
10,000|
|---|---|---|
|||19,267|
|||8,004
4,061
18,884
(12,463)|
|||18,486|
|||3,072
1,605
782|
|||5,459|
|||(554)
(2,528)
(3,015)|
|||(6,097)|
|||(3,915)
(1,000)
(827)
(972)
(100)
(1,750)
(12,450)
(2,669)
(677)
(135)
(304)
(298)
(6,831)
(62)
(1,920)|
This page does not form part of the statutory financial statements. Page 22
## **Sherborne Area Youth and Community Centre Limited**
## **Detailed Statement of Financial Activities for the Year Ended 30 June 2024**
|**Total**
**2024**
**£**
(35,156)|**Total**
**2023**
**£**
(33,910)|
|---|---|
This page does not form part of the statutory financial statements. Page 23