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← Recycled Teenager's Club

2024-03-31-accounts

Registered Charity Number: - 1172448

RECYCLED TEENAGERS CLUB

TRUSTEES’ REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR END 31 March 2024

Recycled Teenagers Club 47 Dances Way Hayling Island PO11 0JP Hayling barb.poulter@btinternet.co

RECYCLED TEENAGERS CLUB

CONTENTS

FOR THE YEAR ENDED 31 March 2024

TRUSTEES' REPORT ....................................................................................................................................................... 3 INDEPENDENT EXAMINER'S REPORT ....................................................................................................................... 4 BALANCE SHEET ........................................................................................................................................................... 6 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 7

2

RECYCLED TEENAGERS CLUB

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

Trustee Report

We are an independent community and registered charity (No. 1172448) run by volunteers with the following aims.

The Recycled Teenagers Club continues to offer a service to more than 120 members of the elderly community within the Borough of Slough and neighbouring areas. Who are most at risk of isolation and loneliness due to the loss of a loved one or partner.

We continue to receive funding from The National Lottery, Heathrow Communities Trust, Coop, Tesco and without this funding the service we offer would not be possible.

We offer a Coffee Morning on a Monday, Lunch Club on a Wednesday and have approximately 80 members seated for a hot meal and a Coffee Morning on a Friday. This enables members to meet up with other people who are in a similar position. We arrange approximately 6-day trips throughout the year, a week’s holiday and a Christmas Lunch for every member.

We are recognised for our service to the elderly by external agencies including Local GP practice, Community Mental Health Team and Adult Social Care Services who refer clients who are in need of company and friendship.

In 2014 the group were awarded Voluntary Sector 'Charity of the Year 2014'. The group have also been recognised by The Kings Fund June 2024 and invited to Buckingham Palace for HRH King Charles Garden Party

Signed on behalf of Trustees

.............................Secretary

Date...................................

3

RECYCLED TEENAGERS CLUB

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 March 2024

INDEPENDENT FINANCIAL EXAMINERS REPORT

To the Trustees Recycled Recycled Teenagers Club Charity no. (if registered) 1172448

I report to the trustees on my examination of the accounts of the Teenagers Club Charity for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under s. 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under s. 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Signed………………….

Name…………………..

Date……………………

4

RECYCLED TEENAGERS CLUB

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 March 2024

STATTEMENT OF FINANCIAL ACTIVITIES

Recommended categories by
activity
Notes
Income and endowments
from:
Donations and legacies
2
Other trading activities
3
Total
Expenditure on:
Charitable activities
4
Other
5
Total
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted funds
£
Total Funds 2024
£
Total Funds 2023
£
41,181.82
41,181.82
38,171.45
21,056.54
21,056.54
20,544.20
62,238.36
62,238.36
58,715.65
54,057.43
54,057.43
44,861.36
13,672.55
13,672.55
4,315.32
67,729.98
67,729.98
49,176.68
(5,491.62)
(5,491.62)
9,538.97
(5,491.62)
(5,491.62)
9,538.97
62,633.21
62,633.21
53,094.24
57,141.59
57,141.59
62,633.21

5

RECYCLED TEENAGERS CLUB

BALANCE SHEET

FOR THE YEAR ENDED 31 March 2024

Recommended categories by
activity
Notes
Current assets
Cash at bank and in hand
6
Total current assets
Creditors: amounts falling due
within one year
7
Net current
assets/(liabilities)
Total net assets or liabilities
Funds of the Charity
Unrestricted funds
8
Restricted income funds
8
Endowment funds
8
Total funds		 Unrestricted funds
£
Total Funds 2024
£
Total Funds 2023
£
57,561.59
57,561.59
62,633.21
57,561.59
57,561.59
62,633.21
420.00
420.00
-
57,141.59
57,141.59
62,633.21
57,141.59
57,141.59
62,633.21
57,141.59
57,141.59
62,633.21
-
-
-
-
57,141.59
57,141.59
62,633.21

The financial statements were approved by the Board on 27-Sep-2024 and signed on its behalf by:

Linda Sheaton Chairperson

6

RECYCLED TEENAGERS CLUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

1 Accounting Policies

1.1 Accounting Policies

The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.

1.2 Basis of preparation

These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.

These accounts 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)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

These accounts are presented in pounds sterling and rounded to the nearest pound.

7

RECYCLED TEENAGERS CLUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

2 Income from Donations and Legacies

Analysis
Arnold Clark
Berkshire Active
Co Op Grant
Groundwork UK
Lottery
Membership
subscriptions and
sponsorships which
are in substance
donations
MFS Grant
Other Grants		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2024
Total funds
2023
£
£
£
£
£
-
-
-
-
1,000.00
6,300.00
-
-
6,300.00
1,000.00
998.57
-
-
998.57
1,278.45
1,375.00
-
-
1,375.00
3,500.00
12,220.00
-
-
12,220.00
24,440.00
1,240.00
-
-
1,240.00
1,150.00
-
-
-
-
3,000.00
19,048.25
-
-
19,048.25
2,803.00
41,181.82
-
-
41,181.82
38,171.45

8

RECYCLED TEENAGERS CLUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

3 Income from Other Trading Activities

Analysis
Bonus Ball & Big
Raffle
Club Holiday & Day
Trip
Coffee Morning Club
Crowdfunder
Lunch Club		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2024
Total funds
2023
£
£
£
£
£
7,266.20
-
-
7,266.20
4,848.60
4,465.00
-
-
4,465.00
3,158.00
2,130.37
-
-
2,130.37
2,722.56
-
-
-
-
1,904.04
7,194.97
-
-
7,194.97
7,911.00
21,056.54
-
-
21,056.54
20,544.20

4 Expenditure on Charitable Activities

Analysis
Wages and salaries
Charity management &
administration
Charity running cost
Advertising and
marketing		 Total funds 2024
Total funds 2023
£
£
9,900.00
9,900.00
10,566.13
7,535.82
19,798.80
15,476.85
13,792.50
11,948.69
54,057.43
44,861.36

9

RECYCLED TEENAGERS CLUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

5 Other Expenditure

Analysis
Other Expenditure		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2024
Total funds
2023
£
£
£
£
£
13,672.55
-
-
13,672.55
4,315.32
13,672.55
-
-
13,672.55
4,315.32

6 Cash at bank and in hand

Cash at bank and on hand

Total funds 2024 Total funds 2023
£ £
57,561.59 62,633.21
57,561.59 62,633.21

7 Creditors: Amounts falling due within one year

Trade creditors Total funds 2024
Total funds 2023
£
£
420.00
-
420.00
-

10

RECYCLED TEENAGERS CLUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

8 Charity funds

8.1 Details of material funds held and movements during the CURRENT reporting period

Fund Fund
Fund names balances
brought		 Income Expenditure Transfers Gains and
losses		 balances
carried
forward forward
£ £ £ £ £ £
Unrestricted
funds
62,633.21 62,238.36 (67,729.98) - - 57,141.59
Total 62,633.21 62,238.36 (67,729.98) - - 57,141.59
tails of material funds held and movements during the PREVIOUS reporting period
Fund Fund
Fund names balances
brought		 Income Expenditure Transfers Gains and
losses		 balances
carried
forward forward
£ £ £ £ £ £
Unrestricted
funds
53,094.24 58,715.65 (49,176.68) - - 62,633.21
Total 53,094.24 58,715.65 (49,176.68) - - 62,633.21

8.2 Details of material funds held and movements during the PREVIOUS reporting period

8.3 Transfers between funds

This Year

rs between funds
This Year
Amount
£
Between unrestricted and restricted funds -
Between endowment and restricted funds -
Between endowment and unrestricted funds -
Last Year
Last Year
Amount
£
Between unrestricted and restricted funds -
Between endowment and restricted funds -
Between endowment and unrestricted funds -

11