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. - To stop isolation in the elderly - To help them with their physical, emotional, and mental health needs - We offer a place where they can make and meet friends - We aim to add years to life and life to years. 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: - (1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or - (2) the accounts do not accord with those records. 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