## **THE PEARSON CENTRE FOR YOUNG PEOPLE ANNUAL REPORT 2021** 

The Pearson Centre for Young People’s Vision Statement: 

A Centre, underpinned by the Christian faith, that provides Boys’ and Girls’ Brigade activities that care, develop and challenge young people through a   programme of informal education, and that is also seen as a focal point within the community, supporting those that use its building and facilities. 

ACTIONS as a result of the Vision, the Centre… 

Will increase the skills, expectations and aspirations of all the young people we work with and provide them with an active voice with which to influence and guide the growth and development of The Centre. 

Invest in leaders through training and support to develop their full potential in leading children and young people. 

Provide a safe environment for young people to be valued and develop. 

For reference purposes:  17th Nottingham Boys’ Brigade – ‘BB’ 

30th Nottingham Girls’ Brigade - ‘GB’ 

**Trustees: Paid Staff:** John G Wilson OBE  (Chairman) Lynn Cahill Calvin James Andrew Bunyan Wendy Kane Sarah McKee Karen Jowett Wayne Parry Hayley Wattis Andy Taylor **Associate Member:** 

Thomas Jowett 

## **Chairman’s Report:** 

Another challenging year has passed.  April 2020 to March 2021 has seen numerous forms of lockdown as Covid-19 continued to be a big part of our lives.  With The Centre only available to be open for limited amounts of time, The Trustees and I are most grateful for those who have staffed it and been involved in providing activities there – whether that be in a paid or voluntary capacity. 

We hope that the coming year can bring lots more positivity and a return to ‘normal’. 

## **A Year in Words** 

The Centre had made itself available for various Covid-19 facilities but was not taken up.  However, it was able to host a number of NHS blood donation sessions. 

The BB and GB work has continued in various formats during Covid-19 but adapting to new ways and means of delivering its children’s and youth work.  The BB and GB nationally, very quickly, put together an online programme ‘BB at Home’ and ‘GB at Home’. Staff went out of their way to ensure that their members could participate in the activities and delivered elements of sessions to their houses.   When allowed the organisations met face to face with a lot of their work taking place outdoors.  These sessions included litter picking in the local community, outdoor games, scavenger hunts, whilst at other points, the groups met via zoom.  This provided particularly popular with the younger age groups. Intuitive ways of working were created and there were lots of battleships, bingo, Pictionary, quizzes, baking,  crafts  that  took  place  online.   The  GB  members  also  put  on  an  online  pantomime  – Rumpelstiltskin.  Their national body put together specific programme material at Christmas time – ‘Countdown to Christmas’ which was used both online and face to face.  We have been indebted to the BB and GB staff for all their hard work in ensuring that their groups were able to continue to meet – something which has been appreciated also by the members and their parents/carers. 

The Trustees really have appreciated the additional contributions that the BB and GB staff have made this year.  Their devotion and dedication to the BB and GB work has been incredible. 



Our development programme has also fallen foul of the pandemic.  However, we were able to operate our holiday club scheme for 4 weeks during August and 2 weeks in October half term.  It was a great delight to have children and young people in The Centre, although the numbers were limited.  Those attending still enjoyed arts and crafts, sports, games and outdoor activities.  We managed to get a month of our sports afterschool clubs with athletic and dodgeball sessions taking place during term time before lockdown returned. 

The Centre is extremely grateful to all those who volunteer at The Centre.  Good relationships continue with a number of organisations who we work with to provide volunteers.  In particular, we have continued to have students join us from Alderman White School who undertake their service element of their Duke of Edinburgh’s Award at The Centre. 

Some of our user groups were able to return for short periods of time – those were mainly of a sporting nature.   Many were desperate to return by rules and regulations prevented this from happening. 

Most of the permanent staff were furloughed during the pandemic with only a few initially returning when The Centre was able to open. 

## **THE PEARSON CENTRE VOLUNTEER TEAM** 

Without these angels we would be lost and not have achieved what it has done without them.  We are most appreciative of all their time and hard work over the last 12 months. 

## **Volunteers working with Children and Young People** 

Kate Aspden-Mansfield Janie Goodman Sarah McKee Louise Bacon Dylan Halliday-Jones Charlotte Mitchell Nathalie Barber Caroline Jones Dylan Mitchell Ksenija Bescastniha Karen Jowett Matthew Neal Claire Blades Tom Jowett Bryan O’Connor Michael Blades Wendy Kane Alfie Russell Graham Bostock Charlie Kelvey David Steggles Andrew Bunyan Elliott Kerry Simon Taylor Sarah Butcher Kerrie King Steven Thornton Megan Clarke Simon Lukas Scott Underwood Ian George Joseph Marchesi Adam Walker John MA Wilson 

## **The Pearson Centre for Young People** 

**2 Nuart Road   Beeston Nottingham   NG9 2NH 0115 9254112       www.thepearsoncentre.org.uk Charity Registration  No  1176819** 



THE PEARSON CENTRE FOR YOUNG PEOPLE
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Charlty Number 1176819

The Pearson Centre for Young Peopl¢
Report of the Trustees for the year ended 31 Mgreh 2021
The Tnjstees present their annual report and financial 5tatement5 of the Charity for the year ¢nded 31 March
2021. The financial ststements have b¢en prepared in a¢¢ordan¢¢ with th¢ arcountillg p(>li¢ie5 set out in note I to
the accounts and accounts and ¢omply wit]? the Charity Trust D¢¢d, the Chgrit1¢5 Act 2011 and Accounting and
Reporting by Charities: statement of Recommended Pr2¢ti¢e appli¢abl¢ to ¢harities PT¢p2ring their accounts in
accordance with the Financial Reporting Standard appli¢abl¢ in the UK and Republie of Ireland effective I.
January 2019.
OBJEcfIvES AND ACTIVITIES FOR PUBLIC BENEFIT
Constitution and Objective
The objective of The Pearson Centre for Young People i5 the provision of leisure time activities for children and
young people from the age of 4 year5 thrtsugh the auspice5 of The Boys, Brigade and The Girls, Brigad¢,
together with other children and young people of that age in Beeston. Nottinghamshire and th¢ 5urroundirtg area.
The prin¢ipal objective5 of these organisations are as follow5..
The Boys. Brigade
The advancement of ChTlSt'5 Kingdom among boys and the promotion of habits of obedience, reverence,
discipline, Self respect and all that tends toward a true Christian Manliness.
The Girls. Brigade
To help tsiT15 b￿0m¢ follower5 of the Lord Jesus Christ. and through self-control, reverenc¢ and a sense of
responsibility, to find true enrichment of life.
All the 5¢Ctions of The Centre have continued to provide a wide range of progrdmrnes aiTned at both meeting the
iespectrve Brigade award structtEre5 and providing additional activities as r¢qu¢sted by the young people.
The propety is available for the vse of those groups previously laid down in the controlling Debentuie as well as
others, particularly those Ènvolved in youth and 5PQrt2ng artivities, social and leisure aciivities.
Safeguardlng
The Pearson Centre takes its duties under the Children A¢t 1989 seriously and has appropriate procedures and
staff appointed to meet it5 dutie5 Under th¢ 1989 Act. If a r¢asonable Suspicion is raised about the protection of a
child under the age of l 8 years, The Centr¢ will undertak¢ its duties using its procedures. The Managem¢nt
Committee has a policy to vet all those who have the responsibility for the care of children within area5 of its
responsibilities to comply with the Proteclion of Children Act 1999.
The Charity Trustees have referred to the guÈdance on public benefit and confirni that the provision of The C¢ntr¢
for use by the general public sat15fEes the requiretnents laid down.
The Charity Trustees confirfft that they have ¢omplied with their dutses under the 2011 Charities Act with regard
io public benefit.
ACHIEVEMENT AND PERFORMANCE
Result5 and Review of Operation
The Pearson Centre for Young People established an overall income position before unrealised gain51(10ss¢s) on
the prtsvi5ion of its activities for the year of £25.905 Realised &nd unrealised 105se$ 2nd gains on invesrmenis
in¢iEased ￿ncorne in the5¢ figures in the accounts to a SUTpIu5 in 2021. befor¢ the actu8rial increase on the defined
benefit pensitsn 5ch¢me of £89,000..
The Charity Tn2Stees express their thanks to ell those involved in organising fundraising activitie5 or who have
made donations during the year in order that The Centre may continue to offer an important range of a¢tivitie5 to
children and young people within the area.

The Pearson Centre for Young People
Report of the Tru5tee5 for the year ended 31 M&reh 2021 (Continued)
The year h&5 been a very challenging one with Covid-19. Activities for our BB and GB Member5 have continued
to lake place, however, rnany of those have been virtual thanks to Zoom. The young¢r age group5 have engaged
more with this, however, when facE to face se55ions have been allowed, a larg¢ number of our older members
have returned. Development work has only taken place when regulations have allowed for face to face sessions
to happen. Unfortunately for the first time in 70 years, our annual pantomime was not able to take place, Also
th¢ annual camping residential was not able to take place.
The Centre has eontinued to operate its face to face work with the help and assistance of many volunteers. These
have included 5tud¢nts from Alderman White Secondary School, University of Nottingham and through the local
eornmunity. The Trustees are most appreciative of their time and efforts in assisting to ensure the ongoing
su¢ce5s of thi5 aspect of our work.
Likewise with the pandemic Stopping a lot of activities. we have seen a considerabl¢, but expe¢t¢d. decrease in
room hire. Lots of groups either were not allowed to return or did only return when their national bodies would
let them. The Centre w8$ pleased to be able to host NHS blood donation 5¢5sions. The Cenire offered its
services for various Covid-19 aspe¢ts- but all wer¢ d¢¢lined.
Due to the pandemic, the work within the local community in schools, attending carnivals etc has not taken pla¢e.
The ¢ompletion of work on the house at Ireland Avenue was also hampered by the pandemi¢ and it 15 anticipated
that this will be con¢luded during the coming financial year.
FINANCIAL REVIEW
Investment Policy and Objectives
The Charity Trustees are eommitt¢d to a safe inv¢stm¢nt of fund5 whilst retainin8 ae¢essibility. During the year
all tash funds hav¢ been moved to the new charitable incorporated organisation.
Tlie investtnents frotn th¢ sale of land from the S H Pearson Trust are assigned to Rathbone Brother5 plc, an
investment management cotnpany, who hav¢ discretionary investment powers. The total held at 31 March 2021
was £2,213,125 {2020: £1,830,253).
IRYe5tment Performance
The Charity Trustee5 are sat15fied with the investtnent perftsrmance of the Fund Manageis to the TrusL and
recognises the difficult economic environment in which they have acted.
The general aim i5 to grow the inve5tcd asset5 for the longer terni in respect of real income 2nd capital growrth to
achieve a retum in excess of RPI plus 30/0. A balanced objective has been seleeted in order that the portfolio is
managed in a way that give5 good diver5ificatioD between different assei classes and can achieve the aim of the
portfolio. Given the nagure ofthe fuT2ds. there 1$ no specific time horizon as all funds are invested for the long¢r
term.

The Pe9rson Centre lor Young People
Report of the Trustees for the year ended 31 March 2021 (Contlnued)
The portfolio is invested for growth of upital and incom¢ in a way that Tepresents all a5pe¢ts of the world
economy covering different asset clas5e5 and county diversification. It is invested 80 /0 in equities., colle¢tives
and growth stocks to achieve the capital growth desired. The balance of 20Q/D is in fixed interest and div¢rsifi¢r
investments. Direct investments in Arniaments, defenee, alcohol and tobacco are noi allowed.
Reservts Policy
The Charsty Trustees, have been ¢on5cious of the difficult r¢curTing finan¢ial results, and identified a Policy of
keeping under review a minimum requirement of twelve Tttonths cosis of operations being available to redu¢¢ risk
of any ittsolvency oceurring.
The Charity holds £93,013 in reserve in the bank account. The Investment funds are only allowed to be spent
on costs that meet the charitable aims and are approved by the Custodian Tn￿tee5.
Risk Management
The Charity Trustees have conducted a review of risks associated with the Charity and have identified the major
risks to which it 15 exposed, in particular those related to the operalions and financ¢5 of the Charity. The Charity
TTUSte¢s are satisfied that systems are now in place to mitigate the Charity's exposure to the major risks.
Future Development
The year will b¢ a difficult one which will have sp¢nt a Dumber of rnonth5 c105ed due to Covid-19. All BB, GB
and d¢veloprn¢nt a¢tiviti¢s were ¢an¢¢lleil from 15l April and it 15 hoped that these can recommence in
September. Due to thi5 5 month break, a lot of tirne and effort will be plough¢d into recrniting memb¢r5 to all
our activities as well as encouragin8 existing members back. It is anticipated that th¢ m¢mbers will perform their
annual pantomime in January 2022. It is hoped that restrictions will allow som¢ form of short residentials to tsk¢
place for the BB and GB members.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The PeArson Centre ft>r Young People is controlled by a Cortstitution of its Charitable Incorporated Organisation
status, dated 24 January 2018.
MANAGEMENT COMMITTEE (CHARITY TRUSTEES)
In line with The Pearson Centr¢ for Young Peopl¢'s con$t￿lUtIon, Charity Trustees are active and continually
support the day-to-day running of The Centr¢, And de¢ide on necessary actions to achieve the objectives of the
Chwitable Incorporated Organssation.
The Charity Trustees shall include the following'.-
A leader of the 17 Nottingham Company of The Boys, Brigade.
A leader of the 30th NottinghaTn Company of The Girls, Brigade.

The Pearson Centre (or Young People
Report of the Trustees for the year ended 31 March 2021 (Continued)
The fiTSt Trustees of The Centre identified in the above mentioned Constitution are'.-
John Wilson OBE
Andrew Taylor
Andrew Bunya
Karen Jowett
Wendy Kane
Chairperson
Vice Chairperson
Captain of the 17th Nottingham CompaTSy of The Boys, Brigade
Team Leader of the 30th Nottingham Compmy of Th¢ Gir15' Brigade
Day-to-day management (non-voting)
Recruitrn¢nt and 8ppointment of Charity Trustees
The Charity Trustees serve for a defined period. deternJin¢d by the Constitution. At the quarterly Manag¢m¢nt
Committee meeting. members agree the broad strategy and areas of activity for the Charity and when considered
Decessary make representations to the Custodian Trustee in areas of investment. reserves aT5d risk management
polici¢s.
The Induction and training of Charity Trustees
Charity Trustees undergo an induction to brief th¢m on their legal obligations under Charity Law. their
obligations under the specifie trust, as well as the operating procedures and financial management and
perforniance of the Charity.
The Charity Trustees receive general tnJst¢e training at regular intervals in order to maintain their knowledge on
the n¢eess2ry gov¢rnJn¢¢ r¢quirement5 associated with th¢ir offi¢e.
RELATED PARTIES
The Pearson Centre has links with the following OTg8nisaiioDS.'.
The Boy5. Brigad¢ H¢adquart¢rs- representative of Custodian Trustee
The Boys, Brigade and The Girls, Brigade nationally

The Pearson Centrt for Young People
Report of th¢ Trustee5 for the year ended 31 March 2021 (Continued)
Reference and Administrative Jnformation
CHARITY NAME:
The Pearson Centre for Young People
CHARITY REGISTRATION NUMBER:
1176819
PRINCIPAL AND OPERATIONAL ADDRESS:
2 Nuart Road
Beeston
Nottingham
NG9 2NH
CUSTODJAN TRUSTEES:
The Boys, Brigade
(a Company Limited by Gvarant¢e)
MANAGEMENT COMMITTEE (CHARITY TRUSTEES)..
The Pearson Centre for Young People is managed by a Management Committee in line with kts constitution.
Th¢ membeTS of the Management Committee who served during the year are..
Ch$irper5on:
Fowndlltion Manager:
Boy$, Brlg8de Captain..
Gir15' Brigade Te#]n L¢wd¢r'.
John Wi150n OBE (Appointed)
Andrew Taylor
(Appointed)
Andrcw Bunyan
(Appoinledl
Karen Jowett
(Appointed)
SetretAry:
W¢ndy Kllnc
Associate Member..
Thomas Jowett
(Appointed I1.3.20201
CEP4TRE MAIYAGER:
(Responsible for day lo day running of The Centre)
Wendy Kane
BANKERS..
Co-operative Bank PLC
Customer Services
PO Box 250
Skelmer5dale
WN8 6WT
INDEPENDENT EXAMINER:
Diane Lockwood
Haines Watts
ClitTe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA
INVESTMENT ADVISORS:
Rathbone Investment Management
8 Finsbury CitCU5
London
EC2M 7AZ

The Pearson Centre for Young People
Report of the Trustees for the year ended 31 March 2021 (Continued)
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Chariiy T￿slee5 are responsible for preparing the Report of the Trustees and the Financial Statements
in accordance with applacable law and United Kingdom Generally Accepted Accounting Pra¢ti¢¢.
The law applicable to charities in England and Wales, the Charitie5 Act 2011, ChaTity {Accounts and
Reports) Regulations 2008 and the provisions of the tn]st deed require the Trustees to prepare financial
5tat¢ments for each financial year which give a tru¢ and fair view of the slate of affairs of the Charity and of
th¢ incoming resources and 2pplicAtion of resources, including the income and expenditUTe of the Charity
for that period. In preparing those financial siatemenis, Ihe Management Trustees are required to.--
select suitable accounting policies and then apply them consisiently.
obserye the methods and principles in the Charity SORP.,
rnake judgements and estirnate5 that ar¢ reasonable and prudent-
PTepare the finaT)¢ial statements on the going ¢oncern basis unless il is inappropriate io presume
that the Charity will continue in busines5.
state whether applicable accounting 5tand8rds have been followed, subject to any material
departure5 that must be disclosed and explain¢d in the financial statements.
The Charity Trustee5 aTe responsible for keeping PToper a¢¢ounting records which disclose with r¢a50nable
accuracy at any time the financial position of the Charity ond to enable them to ensure that th¢ financial
statements comply with Ihe Charities Act 201 I, the Charity (Accounts and Reports) Regulations 2008 and
the provisions of the trust deed. They are a150 re5pon5ible for safeguarding the assets of th¢ Charity and
hence for taking r¢asonabl¢ st¢P5 for th¢ prev¢ntson and detection of fraud and other irregularities.
The Charity Trustees ar¢ respon5tble for the maintenance and inlegrity of the Charity and financial
nformation included on the Chartty's website in accordance with legislation in the United Kingdom
governing the preparation and dissemination of financial siatements.
This report has been prepared in accordan¢¢ with th¢ Statement of Recommended Practi¢¢.' Arcounttng and
Reporting by Charities {effectiv¢ January 2019).
OIY BEHALF OF THE MANAGEMEf4T COMMirrEE
Wilson OBE- Chairnian
2021

Independent Examiner's Report to the Trustees of
The Pearson Centre For Young People ('the CIO,)
For the Year Ended 31 March 2021
I report to the Charity Trust¢¢5 on my examination of the accounts of the CIO for the year ended 31 March
2021.
Responsibilities and Basis of Report
As the Charity Trustees of the CIO you are re5pon5ible for th¢ preparation of the accounts in arxordance
with the requirements of the Charities Act 2011 ('the Act,).
report in respect of my examination of the CIO'5 account5 carried out under S¢ction 145 of the Act. In
CaTTying out my examination I have followed all applicable dir¢ction5 givens by the Charity Commission
und¢T Section 14515)(b) of the 201 l Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed i
section 145 of the 2011 Aet. I confirni that l am qualified to undertake the examination because l am a
member of the Insiitute of Chart¢r¢d A¢countant5 in England and Wales, whi¢h Ès one of the listed bodies.
I have Completed my examination. I confim) that no matters heve come to my attention in connection with
the examiT)ation giving me cause to believe.,
l) Accounting records were not kept as required by Section 130 of the Act. or
2) Th¢ accounts do not accord with those records.
3) The accounts have not been prepared in accordance with the method5 and prin¢iples of the
Statem¢T)t of Recommended Practice for accounting and reporting by chariti¢s applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102).
I confirm that there are no matters to which your attention should be drawn to enable a proper understanding
of the accounts to be reached.
Mrs D J Lockwood FCCA FCA A￿(fellOW)
Chartered Accountant
Haines Watts
Cliffe Hill House
22-26 Nottinghan) Road
Stapleford
Nottingham NG9 8AA
Dated..

The Pearson Centre for Young People
Statement of Financial Activitie5 for the year ended 31 March 2021
(Including Income and Expenditure Account)
Total
Fund5
2021
Tot41
Funds
Unrestricted
Fund5
Capital
Fund5
Unrestrl¢ttd
F￿ndS
Cipitil
Fund5
2020
Plotes
INCOMING RESOURCES
Bro%towe Borough Counril Grant
Govemtnenl Furlou8h Scheme
Gift From Prcvious Entity
Donaiions 2nd Legacies
Income from Charttable ActivitÉcs
Income from Other
Trading Aciiviiies
Investment Income
Fund Raising
49,902
47,852
49.902
47.852
126.QOO
2,127
61,198
126,000
2.127
61.198
1,616
13,837
1,616
13,837
2b
3.556
3,556
120.016
223
60,301
60.301
102,669
568
120.016
02.669
223
568
TOTAL INCOMING
RFSOURCES
116986
120016
237,002
250 194
102 669
152,863
EXPENDITURE
Chariiable A¢itvities
Oth¢r
105,127
90,810
15,160
120.287
90.810
129,495
133.572
16.462
145,957
133,572
TOTAL EXPENDITURE
195.937
15,160
211.097
263,067
16.462
279.529
UMrt*lffistd Galnsl{Losses}
oth Inve$tmt#ts
Net In¢omellExpenditurel
TrAnsftrs Between Funds
Aetuarial Gainl{Lossl on Defined
Benefjt Pension Scheme in the
year since transfer of Scheme
478,677
104,856
{2tx),6611
478.677
25,903
1183.700}
86,207
(183.7001
73,334
(78.9511
200,661
(12,8731
16
89.000
189,000
1.000
1,000
Net MovetDeDt ID Fund5
32.710
382.872
415.582
97.277
(208.6431
{111.366)
RECONCILIATION OF FUNDS
Total funds brought forwird
988.448
1.830.253
2.818.701
891,171
2.038.896
2,930,067
TOTAL FUNDS
CARRIED FORWARD
021.158 2.213.125
3.234.283
988 448
1,830253
2818701
The notes on pages 10 to 19 fomi part of these financial stst¢ments

The Pe#rwn Centr¢ foT Young People
Balanee Sheet as at 31 March 2021
2021
Total
Funds
2020
Total
Fund5
Unrt5tricted
Funds
Capital
Fund5
Note5
FJXED ASSETS
Tangible assets
Fixed asset investments
966,109
966,109
966,487
19
966,109
966 109
966 487
CURRENT ASSETS
Stocks
Debtors
Investments
Cash at bank and in hand
Loan to The Pearsori
Centre {old entity)
755
3,439
755
3,439
2,213,125
93,013
988
7,149
1.830,253
158,412
Eo
2,213,125
93,013
19
241,870
241,870
339077
2 213 125
2 552 202
1,996 802
CREDITORS
12
58,028
58,028
7,588
NET CURRENT ASSETS
281049 2213,125
2 494 174
1989.214
TOTAL ASSETS LESS
CURRENT LIABILITIES
1,247,158
2,213,125
3,460.283
2,955,701
Pension Scheme Defi¢it
16
{226,0001
(226,000)
(137,000)
NET ASSETS
1021 158
2213 125
3 234 283
2 818,701
THE FUNDS OF THE CHARITY
Unre5trict¢d funds..
Generdl Fund
Pension Reserve
13
1,247,158
226.000)
1,021,158
1,011,968
137000
874.968
113.480
1,830,253
Designated Fund
Capital Fund
2,213,125
TOTAL CHARITY FUNDS
3,234.283
2,818,701
The financial statements were apptoved by the Charity Trustees on ...
signed on its behalf by..
. 2021 and were
ilson OBE- Chairman
A Taylor- ComTnitt
¢ M¢mber
The notes on pages 10 to 19 form part of these financial statements

The P¢¥TSon Centre for Young People
Note5 forming part of the Flnantial Ststement5 for the year ended 31 March 2021
ACCOUNTING POLICIES
Basis of Prepara¢Ron ind assessment ofgoRng concern
The accounts (financial statements) have been prepared in accordante wilh A¢¢ounting and Reporting by
Charities.. Statement of RecoTnmended Practice applicable to charities preparing their ac¢ount5 in accordance
with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS1021 effective January
2019, th¢ Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland {FRS102), and the Charities
Act 2011. Asset5 and liabilities are initially recognis¢d at historical cost or transaction value unless otherwise
stated in the r¢levant accounting policy not¢($).
The ChaTity ¢onstitutes a public beneflt entity a5 defined by FRS102.
The Trust¢es' consider that there are no material uncertainties about the Charity's ability to continue as a going
concern.
Going Concern- Covld-19 Posltion
During (he forthcorning financial year the Custodian Trustees have agreed to release £50,000 from the portfolio
to help cover the thrlough rosts not met by the furlough scheme. The local Borough Council have also made a
fi￿h¢r payment to assist with this financial year.
Now that th¢r¢ is Some forni of normality returnin& it is anticipated that the income streams will return to
previou5 year5. These are going to be reviewed on a r¢gular basis by the Trustees 50 that budg¢ts be
amended, if necessary.
The financial statetnents are presented in sterling (£).
Incoming resources
All illCOTning re50ur¢es are included on the Statement of Fillan¢ial A¢tivitie5 when the Charity is legally entitled
to the income and the amount can be quantified with reasonable accuracy.
Re50urce$ expended
Expenditure is account¢d for on an accruals basis and has been classified und¢r headings that aggregate all c05t5
related to the tategory. Wh¢r¢ costs cannot be directly attributed to particular heading5, they have been allocated
to activities on a basis consistent with the use ol resources. The Charity is not VAT registered and therefore all
tosts in¢lude irrecoverable VAT.
Tangible fixed assets
Depreciation 1$ provided at the following annual rates in ord¢r to writ¢ off ea¢h 8sS¢t ov¢r its ¢Stirnat¢d us¢firl
life.
Tangible assets are initially r¢¢orded al cost, and subsequently stated at cost less any accumulated depreciation
nd iinpairmeni losses. Any tallgible asset5 carried at reyalued amounts are recorded at fair value at the dale of
r¢valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Land and buildings
IEnprov¢m¢nt to Propety
Instruments
Equipment
lo/￿ on ¢05t (land is not depreciated)
150/p on red￿cing balance
20010 on r¢ducing balance
200/0 gn reducing balance
Stocks
Stocks are valued at the Iow¢T cos¢ and net realisable value. after making due allowan¢e for obsolete and slow
moving items.
Debtor5
Debtors are recognised at the settlement amount owed to the Charity or prepaid.
10

The P¢4r$on C¢ntre for Young People
Note5 formlng part of the Financial St8t¢ments for the year ended 31 March 2021 (Continued)
Creditors
Creditors and proyisions are recognised where the Charity ha5 a pr¢s¢nt obligation resulting from a past event
that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation ¢an be
measured or estimated reliably. Creditors and provisions are nOr￿1]Y recognised at their settlement amount.
Financial In51rument5
The Charity ha5 financial ￿setS and financial liabilities of a kind that qualify a5 basic financial instnjments.
Basic financial instruments are initially recognised at trans9￿70n value and subsequently measured at iheir
settlement value.
Taxation
Th¢ Charity is exernpt froTn tax on its ehariiable activitie5. The ChaTity also rents its rooms to other lo¢al
¢hildren's activities which satisfy the objectives of the Charity. The Tru5tee5 have r¢viewed the Charity's trading
a¢tivitie$ and are ¢onfident ihat they further the Charity's aims and, as such, are con5id¢red Èo be primary puTrose
trading.
Fund accounting
Unrestricted funds can be used in ateordance with the charitable objectives ai th¢ dis¢retion of the Trustees.
Restrieted funds eart only be used for particular restricted purposes within the objects of the Charity. Restrictions
aris¢ when Specifi￿ by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is includ¢d in the notes to the financial 5tat¢rnents.
Donaled Services, Good Faeilitle$
Donaied services or facilities are recognised as incom¢ when the Charity has contToI ov¢r the item, any
conditions associated with the Ilonated item hav¢ b¢en met, the receipt of economic benefit from the use by the
Charity of the item is probable and that economic benefit can be measured reliably. On receipt. donated 5ervites
and facilities are recogni5ed on the basis of the value of the gift to th¢ Charity which is the amount the Charity
would have been willing to pay to obtain services or facilitie5 of equivalent economic benefii on the open market.,
a corresponding amount is then recognised in expenditure in the period of receipt.
PeDsion cost5 and other po$t-retirement benefits
Retiremen( benefit5 to employec5 of the cornpdny are provided by the Local Government Pension Scheme {LGPS1
which is a defsned benefit scheme.
The LGPS is a funded scheme and the assets are held Separately from those of the company in separate trustee
administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an s¢tuarial
basis using the projected unit credit method and discounted at a rat¢ equivalent to the CUJTent rate of r¢turn on a
high quality corporate bond of equivalent term and currency to the liabilities. The actuarial valuations art
obtained at least triennially and are updated at each balan¢¢ sheet date. The amounts charged to the income
statein¢nt are the ¢urrent servic¢ costs of s¢h¢tne introductions, benefit charges. settlements and curtailments.
They are in¢luded as part of staff costs as in¢urred. Net interest on the net defined benefit obligation and interest
intome on the scheme assets, calculated by Enultiplying the fair value of the scheme a55ets at the beginnin8 of the
period by the rate used io discount the benefit obligations. The diffeT¢nc¢ between the interest incom¢ on the
scheme assets and the retum on the scheme assets is recognis¢d in the ancorne Statement. Actuarial gains and
losses are recognised immediately in the income statement.
Th¢ actuary ha5 produced the pension di5c105ures based upon IAS19. The resulting pension scheme liability has
been trdnsfe]T¢d to a separate pension res¢rve in order to ring fence the liability.
Investments
Listed inve5tment5 held a5 current assets revalued throughout the year at mid-market value at the balance
sheet dale and the gain or Ios5 on r¢valuatitsn artd disposals taken io the Statement of Financial Activiti¢s.

The Pearson Centre for Young People
r4otes forming part of the Flnanclal Statements for the year ended 31 Mareh 2021 (Contlnued)
Judg¢ment and Key Source5 of Estimation Uncertainty
The preparation of accounts using generally ac¢epted accounting principles requires mawdgement to make
estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the accounts and
the reported amounts of revenues and expenses during the reporttng period.
The k¢y estimates and assumptions used in the Financial Siaternents are detailed in the accounting policies.
2a. Donatlons #nd Legacies
Total
2021
Total
2020
Restricted
rtstritted
Donations
Gift Aid
Rent of House
1,157
459
1,157
459
1,120
1,007
2b. Ineome from Charltable Aetivities
Restrlcted
Unrestricted
Total
2021
Total
2020
Subscriptions
Sundry Receipts (including Kingswood we¢kend)
PantotniTne Income
Canteen Income
Development Work Inctsme
Camp
Sale of Uniform5
Activity Inwme
1.496
1,496
6,577
1215
3,156
2,666
29,523
17,970
10
55
12.286
55
12,286
13,837
61,198
2e. Incorne from Other Trading Activitie5
Total
202]
Total
2020
Restricted
Unrestritted
Room and Ground Hire
3.556
3,556
60.301
3. Inve5tm¢nt Income
Total
2021
Total
2020
Investment income
Gains/lLosses) on Investment
120,016
102,536
133
102,669
120,016
Total
2021
202
N¢t income is $tat¢d after ¢harging.'-
Independent Examination Fees
Other Paytnents to Auditor5 for Accountancy
and Payroll Services
Dcpreciaiion
2,400
2,588
1,500
3.738
20,639
19,707
12

The Pe&rson Centre lor Young People
Notes formtng part of the Flnanelal Ststements for the yvdr ended 31 March 2021 (ContiNu¢d)
4. Charitable Activilie5
Total
2021
Funds
Restrlcted
Unrestrlcted
2020
Wages and Expen5e5 Payments
Soci&l Security Paytnent5
Pensions
Sundry Purtha5es
Canteen Expenditure
Development Work Costs
Bank Charges
Investments Management Fee5
Postage, Printing and Stationery
Sundries (including vending
machine I cleaning)
Running Costs of Propety Under
Development (note 219)
Fund Raising Costs
BB Awards
Sybscriptions and Licences
Training
Activity Costs
Unifoms
Volunteers Expenses
Advertising
Pantomime Expenditure
Camp2019
Capitation Fees
74,974
6,229
11,221
74,974
6,229
11.221
51,968
3,795
10,356
1,156
40
1,156
40
15,160
509
1,952
4,905
182
16,462
1.540
15.160
509
1.952
3,355
12.520
2,742
2.742
10
1.459
907
6.955
859
113
2.114
859
2.114
228
313
2,042
23,453
3,830
145 957
105.127
120 287
5. Other Ixpenditure
Health and Safety Cost
Donat2on
(to pay debt of old oharity)
Wages and Exp¢nse Paymenls
Social Security Payments
Water Raies and Ra*s
Insurance
Light and Heat
Telephone
R¢pJirs, Maintenanc¢
and IT Equiprnent Replacement
Improvement to Property
Depreciation
Instruments Depreciation
Equipment Depreciation
Buildings Depreciation
Audit and Accounting Fees
Legal and Professional Fees
1,234
1.234
1,800
50,938
3.559
9,602
7,463
12,942
2.887
23,495
1.557
3,180
7,793
7,501
3,016
23.495
1,557
3,180
7,793
7.501
3,016
15,398
15.398
18,183
8.73Q
14
4,395
7,500
4,988
2,009
8,730
14
4,395
7,500
4,988
6.696
17
5.494
7,500
5.238
.253
133.572
13

The Pearson Centre for Young People
Notes forming part of the Fin¥n¢i41 Ststements for the year ended 31 March 2021 (continued)
6, Trustees, Remuner4tioD Benefit$
No tNstees' remuneration or other benefits have been paid for the y¢ar ended 31 Ma￿h 2021.
Tru$tees' Expenses
No ttu5tee5' expenses have been paid for the year ¢nd¢d 31 March 2021.
7. Staff and Support Costs
2021
20211
Wage5 and salaries (including expenses payments)
Social Security costs
Other pension costs
98,469
7,786
11.221
117,476
102,906
7,354
10,356
120,616
The average number of ￿aff paid for the year was 11 (2020.. 11).
No employee earned £60,000 per annum or more.
Total remuneration of key management personnel for the year ended 31 March 2021 was £55,55912020..
£49,729).
The number of employees to who retirement benefits were accruing were ls follows.'_
Defined benefit scherne
{2020.. 1)
Th¢ Staff oo5tS above includ¢ tim¢ spent Tunning The Pearson Centre and the costs of this are artributable to
the Charity's trading activitl¢S.
8. T8Ngible Fixed Assets
Lfind and
Buildings
lrnprovements
to property
Instruments Equipment
Totals
COST
At l April 2020
Additions
At 31 March 2021
950.000
227,759
20.261
248.020
2,664
374.988
1,555.411
20,261
1575,672
374 988
DEPRECIATION
At l April 2020
Depreciation Charge
At 31 March 2021
43,500
189,818
8.730
198.548
2,593
14
353,013
588,924
20.639
609,563
51,000
357.408
NET BOOK VALUE
At 31 March 2020
At 31 March 2021
906,500
899,000
37,941
49.472
71
57
21,975
17.580
966.487
966,109
Land with a value of £200,000 was included within land and buildings and not depreciated. the property
known as the Pear50n Centre was r¢valued by CP Walker & Son on the 8 October 2019 to ¢nsure the correct
value at transf¢T was attributed to the property.
14

The Pearson Centre for Young People
Notes formlng part of the Fin3ntial Statements for the year ended 31 Mareh 2021 {eontlnued)
The Pearson Centre for Young P¢ople still retains some land on Queens Road, Beeston, after the sale of the
majority of it to a property constru¢tion company during 2007. An estimation of its market value at
3 1 March 2019 is Nil as it has been leased over a 75 year period for 8 p¢pper¢orn rent to Broxtowe Borough
Council who will maintain and run IL
9. Stocks
2021
2020
Sio¢ks
755
988
10. Debtors
2021
2020
Prepayments
Oth¢r Debtors
1,977
1,462
2,949
11. Current Asset JnYe5tments
2021
2020
Investments (Stork exchange)
2.213 125
1,830.253
Asset Investments
Listed o
Stock
Exchonge
Market value at l April 2020
Investment income
Unrealised gains at 31 March 2021
C05t of investment
Transfer from Fund Balanee
1.830,253
120,016
478.677
(15.160)
200,661
ValuatiOTt at 31 March 2021
2,213 125
Included within listed investments 15 £4,493 of rnonie5 held by the Charity's broker. Thi5 has arisen from
pro¢¢cd5 of selling investEnents durin8 the year that at the year end hav¢ not b¢en reinvested.
12. CTeditor5: amounts falling d￿e )Yithin one year
2021
2020
Trade creditors
Other creditors
Taxation and social security costs
269
56.274
1,485
58,028
202
5,704
1,682
7.588
15

The Pearson Centre for Young People
Note5 forming part of the Financial Statetnent$ for the y¢ar ended 31 March 2021 (eontlnued)
13. Movement in fund5
Transfers
between
fund5
At
31 March
2021
At 1.4.20
Net movement
irt funds
Unrestricted funds
General hjnd
Pension Reserve
Capital Funds
1,125,448
(137,000)
1.830,253
121.710
{89,000}
382,872
1,247,158
1226,000)
2,213,125
TOTAL FUNDS
2818701
415,582
3 234 283
Tran$f¢rs
between
funds
At
31 March
2020
arEnded 31.
.20
At 1.4.19
Net movement
ITh funds
Unrestricted fund5
General fund
Pension Reserve
Capital Funds
,027,171
(136,000)
2,038,896
98,277
(1,000)
{208,643}
1,125,448
(137,000)
1.830,253
TOTAL FUNDS
2 930.067
2.818 701
Net rnovement in funds, including in the above are as follows'.-
Year Ended
Balan¢e
Blfwd 1.4.20
Incoming
resources
Resources
expended
Gains and
lo5￿S
Movernent
in fund3
Unrestricted funds
General fund
988.448
116.986
(284,937)
200,661
1.021.158
Capital fund
1,830,253
382.872
2,213,125
TOTAL FUNDS
2,818.701
500,404
284 937
200661
3,234,283
Year Ended 31.
Balance
Blfwd 1.4.19
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fuftd
891.171
250,194
(264,067)
988.448
Capitsl fund
2,038,896
102,669
{16.462)
(294,850)
1,830,253
TOTAL FUNDS
2,930,067
352.863
280,529
183.700
2,818,701
14. Reloted party disclosures
The use of the premises has been made available to The Boys, Brigade and The Girls, Brigade nationally at
a reduced rate. The new ¢h8rity (no. 1176819) paid £241.870 towards costs for the old charity. This amount
is shown within current assets as repayable on completion of the project. There are no other related party
disc105ur¢s.
IS. Volunteers
Durtng the year around 80 to 90 p¢ople gave their time to the Charity with no personal financial benefiL in
Order for th¢ Charity to operate smoothly.
16

The Pear50n Centre for Yourtg People
Notes forming part of the Fin#nciAI Statements for the year eDded 31 March 2021 (continued)
J6. Employee benefit obligation5
The Company contributed to a defined benefit pension scheme. The assets are held and administeTed by th¢
Nottinghamshire County Council Pension Scheme. The pension cost charge represents contributions
payable by the Company to the pensiot) schemes and amounts to £11,221 {2020.. £10.356).
An a¢￿arIal valuation was catTied out for the defined benefit scheme by Barnett WaddinghaTn by rolling
fonvard to 31 March 2021 the value of the employers liability calculated for the funding valuation as at 31
March 2020 using financial assumptions that comply with FRS102. The valuations ar¢ calculated every
three years the last one being on 31 March 2020.
The amounts recognised in the balance sheet are as follows'.-
21
2020
Present value of funded obligations
Fair value of plan assets
(441,000)
215000
{226,000)
(304,000)
167000
(137,000)
Present value of unfunded obligations
Deficit
Net Liability
226,000
(226,000
137000
137.000
The amounts recognised in surplus or deficit are as follow5-_
2021
2020
Curret]t service costs
Net interest from defined benefit as5eV liability
10,000
3.000
16.000
13,000
19.000
Actual return on plan assets
38,000
19.000
Changes in the present value of the defined benefit obligation are as follows'.-
2021
Opening defined b¢nefit obligaiion
Current service Cost
Contribution5 by scheme participants
Experien¢e Lossl (Gain) on defined benefit obligation
Past Service costs
Interest Q05t
Actuarial (gains)Ilosses from change5 in financial assumptions
Actuarial (gain5)Ilosse5 from changes in demographi¢ assumptions
304,000
10,000
2,000
{i.000)
296,000
11,000
2,000
33,000
5,000
7,000
{44,0001
7,000
119,000
441000
304 000

The Pearson Centre for Young People
Notes formittg PArt of the FTnancial Statements for th£ year ended 31 Mareh 2021 (continued)
Changes in the fair value of the scheme ossets are as follows'.-
2020
Opening fair value of seheme assets
Contributions by employer
Contributions by scheme participants
Return on plan asset5 (excluding interest income)
Other Actuarial Gain5
167.000
8.000
2,000
38,000
160,000
7,000
2,000
(14,000)
12,000
167000
215,000
The amount recognised in other comprehensive income are as follows'.-
20
Actuarial {gainsylosses from change in demographic assumptions
Actuarial (gains)/losses from changes in financial Rssumpiions
Rett]rn on plan assets (excluding interest income)
Return on fund assets in excess of interest
Other Actuarial Gainsl (Losses) on Assets
Experience Gain/ (Lo55) on defined Benefit Obligation
6,000
44,000
(119,000)
34.000
(18.000)
12,000
33,000
1.000
84,000
The major cat¢gori¢s of scheme assets as a percentage total scheme assets are as follows'.-
2021
2020
Equities
Gifts
Bonds
Propety
Inftaslructure
Jnflation linked
Cashltemporary investments
64
64
13
100
10
Principal acluarial assumptions at the balance sheet date (expressed as weighted averages)..
Discount rate
Future salary increases
Future pension increases
2.05Vty
2.850/0
3.850/0
17. Trusttt Indemnity Insurance
The Charity held Trustee Inden2nity insuranc¢, which is now held with the new entity. The scheme
provided annual cover of a maximurn of £1,000,000, with an exce55 of £250. The premium is paid with the
total insurance policy.
18. Donated Services
During the year goods and servi¢es were donated for ihe pantQTnime in the previous year to a value of £401.
The pantomime did not take pla¢e thi5 year so there are no donation5 to nole.
18

The Pearson Centre for Young People
Notes formlng pArt of the Finon¢i81 Staten]ent5 for th¢ year ended 31 March 2021 (continued)
19. Gift from- The Pearson Centre for Young P¢opl¢ (522177)
The assets of the Charity have been passed to this new entiry.
Th¢ previou5 Charity's activities transfeJTed fully on l April 2019. along with the staff.
The asseis have transfetred over the year and have resulted in the gift to this new entity as disclosed of
£2,883,022. in 2019 and £126,000 in 2020.
The only remaining asset of the previous Charity is the property at 10 Ireland Avenue which after
redevelopment will be revalued and transfetred to this entity when the legal title is updated. Costs for
general running of the property aT¢ shown within these accounts. Planning perniis5ion has been granted to
enable the charity to re develop the rernaining land by demolishing th¢ ¢xisting propety and building two
semi-detsched properties to provide rental Encom¢ to the charity.
The costs of the redevelopment / build cts5t and legal fees are shown in accounts of the old entity, and
loan given for the development is shown in Ihe5e accounts totalling £241,870 for 31 March 2021. which
will be cleared on completion of the project.
The project was completed in July 2021, eosts to complet¢ the development of the two new properties after
the year end date totalled £66,835. The properties ar¢ to be revalued for traT25fer to this entity within the
year to 31 March 2022.
19

THE PEARSON CENTRE FOR YOUNG PEOPLE
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Charlty Number 1176819

The Pearson Centre for Young Peopl¢
Report of the Trustees for the year ended 31 Mgreh 2021
The Tnjstees present their annual report and financial 5tatement5 of the Charity for the year ¢nded 31 March
2021. The financial ststements have b¢en prepared in a¢¢ordan¢¢ with th¢ arcountillg p(>li¢ie5 set out in note I to
the accounts and accounts and ¢omply wit]? the Charity Trust D¢¢d, the Chgrit1¢5 Act 2011 and Accounting and
Reporting by Charities: statement of Recommended Pr2¢ti¢e appli¢abl¢ to ¢harities PT¢p2ring their accounts in
accordance with the Financial Reporting Standard appli¢abl¢ in the UK and Republie of Ireland effective I.
January 2019.
OBJEcfIvES AND ACTIVITIES FOR PUBLIC BENEFIT
Constitution and Objective
The objective of The Pearson Centre for Young People i5 the provision of leisure time activities for children and
young people from the age of 4 year5 thrtsugh the auspice5 of The Boys, Brigade and The Girls, Brigad¢,
together with other children and young people of that age in Beeston. Nottinghamshire and th¢ 5urroundirtg area.
The prin¢ipal objective5 of these organisations are as follow5..
The Boys. Brigade
The advancement of ChTlSt'5 Kingdom among boys and the promotion of habits of obedience, reverence,
discipline, Self respect and all that tends toward a true Christian Manliness.
The Girls. Brigade
To help tsiT15 b￿0m¢ follower5 of the Lord Jesus Christ. and through self-control, reverenc¢ and a sense of
responsibility, to find true enrichment of life.
All the 5¢Ctions of The Centre have continued to provide a wide range of progrdmrnes aiTned at both meeting the
iespectrve Brigade award structtEre5 and providing additional activities as r¢qu¢sted by the young people.
The propety is available for the vse of those groups previously laid down in the controlling Debentuie as well as
others, particularly those Ènvolved in youth and 5PQrt2ng artivities, social and leisure aciivities.
Safeguardlng
The Pearson Centre takes its duties under the Children A¢t 1989 seriously and has appropriate procedures and
staff appointed to meet it5 dutie5 Under th¢ 1989 Act. If a r¢asonable Suspicion is raised about the protection of a
child under the age of l 8 years, The Centr¢ will undertak¢ its duties using its procedures. The Managem¢nt
Committee has a policy to vet all those who have the responsibility for the care of children within area5 of its
responsibilities to comply with the Proteclion of Children Act 1999.
The Charity Trustees have referred to the guÈdance on public benefit and confirni that the provision of The C¢ntr¢
for use by the general public sat15fEes the requiretnents laid down.
The Charity Trustees confirfft that they have ¢omplied with their dutses under the 2011 Charities Act with regard
io public benefit.
ACHIEVEMENT AND PERFORMANCE
Result5 and Review of Operation
The Pearson Centre for Young People established an overall income position before unrealised gain51(10ss¢s) on
the prtsvi5ion of its activities for the year of £25.905 Realised &nd unrealised 105se$ 2nd gains on invesrmenis
in¢iEased ￿ncorne in the5¢ figures in the accounts to a SUTpIu5 in 2021. befor¢ the actu8rial increase on the defined
benefit pensitsn 5ch¢me of £89,000..
The Charity Tn2Stees express their thanks to ell those involved in organising fundraising activitie5 or who have
made donations during the year in order that The Centre may continue to offer an important range of a¢tivitie5 to
children and young people within the area.

The Pearson Centre for Young People
Report of the Tru5tee5 for the year ended 31 M&reh 2021 (Continued)
The year h&5 been a very challenging one with Covid-19. Activities for our BB and GB Member5 have continued
to lake place, however, rnany of those have been virtual thanks to Zoom. The young¢r age group5 have engaged
more with this, however, when facE to face se55ions have been allowed, a larg¢ number of our older members
have returned. Development work has only taken place when regulations have allowed for face to face sessions
to happen. Unfortunately for the first time in 70 years, our annual pantomime was not able to take place, Also
th¢ annual camping residential was not able to take place.
The Centre has eontinued to operate its face to face work with the help and assistance of many volunteers. These
have included 5tud¢nts from Alderman White Secondary School, University of Nottingham and through the local
eornmunity. The Trustees are most appreciative of their time and efforts in assisting to ensure the ongoing
su¢ce5s of thi5 aspect of our work.
Likewise with the pandemic Stopping a lot of activities. we have seen a considerabl¢, but expe¢t¢d. decrease in
room hire. Lots of groups either were not allowed to return or did only return when their national bodies would
let them. The Centre w8$ pleased to be able to host NHS blood donation 5¢5sions. The Cenire offered its
services for various Covid-19 aspe¢ts- but all wer¢ d¢¢lined.
Due to the pandemic, the work within the local community in schools, attending carnivals etc has not taken pla¢e.
The ¢ompletion of work on the house at Ireland Avenue was also hampered by the pandemi¢ and it 15 anticipated
that this will be con¢luded during the coming financial year.
FINANCIAL REVIEW
Investment Policy and Objectives
The Charity Trustees are eommitt¢d to a safe inv¢stm¢nt of fund5 whilst retainin8 ae¢essibility. During the year
all tash funds hav¢ been moved to the new charitable incorporated organisation.
Tlie investtnents frotn th¢ sale of land from the S H Pearson Trust are assigned to Rathbone Brother5 plc, an
investment management cotnpany, who hav¢ discretionary investment powers. The total held at 31 March 2021
was £2,213,125 {2020: £1,830,253).
IRYe5tment Performance
The Charity Trustee5 are sat15fied with the investtnent perftsrmance of the Fund Manageis to the TrusL and
recognises the difficult economic environment in which they have acted.
The general aim i5 to grow the inve5tcd asset5 for the longer terni in respect of real income 2nd capital growrth to
achieve a retum in excess of RPI plus 30/0. A balanced objective has been seleeted in order that the portfolio is
managed in a way that give5 good diver5ificatioD between different assei classes and can achieve the aim of the
portfolio. Given the nagure ofthe fuT2ds. there 1$ no specific time horizon as all funds are invested for the long¢r
term.

The Pe9rson Centre lor Young People
Report of the Trustees for the year ended 31 March 2021 (Contlnued)
The portfolio is invested for growth of upital and incom¢ in a way that Tepresents all a5pe¢ts of the world
economy covering different asset clas5e5 and county diversification. It is invested 80 /0 in equities., colle¢tives
and growth stocks to achieve the capital growth desired. The balance of 20Q/D is in fixed interest and div¢rsifi¢r
investments. Direct investments in Arniaments, defenee, alcohol and tobacco are noi allowed.
Reservts Policy
The Charsty Trustees, have been ¢on5cious of the difficult r¢curTing finan¢ial results, and identified a Policy of
keeping under review a minimum requirement of twelve Tttonths cosis of operations being available to redu¢¢ risk
of any ittsolvency oceurring.
The Charity holds £93,013 in reserve in the bank account. The Investment funds are only allowed to be spent
on costs that meet the charitable aims and are approved by the Custodian Tn￿tee5.
Risk Management
The Charity Trustees have conducted a review of risks associated with the Charity and have identified the major
risks to which it 15 exposed, in particular those related to the operalions and financ¢5 of the Charity. The Charity
TTUSte¢s are satisfied that systems are now in place to mitigate the Charity's exposure to the major risks.
Future Development
The year will b¢ a difficult one which will have sp¢nt a Dumber of rnonth5 c105ed due to Covid-19. All BB, GB
and d¢veloprn¢nt a¢tiviti¢s were ¢an¢¢lleil from 15l April and it 15 hoped that these can recommence in
September. Due to thi5 5 month break, a lot of tirne and effort will be plough¢d into recrniting memb¢r5 to all
our activities as well as encouragin8 existing members back. It is anticipated that th¢ m¢mbers will perform their
annual pantomime in January 2022. It is hoped that restrictions will allow som¢ form of short residentials to tsk¢
place for the BB and GB members.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The PeArson Centre ft>r Young People is controlled by a Cortstitution of its Charitable Incorporated Organisation
status, dated 24 January 2018.
MANAGEMENT COMMITTEE (CHARITY TRUSTEES)
In line with The Pearson Centr¢ for Young Peopl¢'s con$t￿lUtIon, Charity Trustees are active and continually
support the day-to-day running of The Centr¢, And de¢ide on necessary actions to achieve the objectives of the
Chwitable Incorporated Organssation.
The Charity Trustees shall include the following'.-
A leader of the 17 Nottingham Company of The Boys, Brigade.
A leader of the 30th NottinghaTn Company of The Girls, Brigade.

The Pearson Centre (or Young People
Report of the Trustees for the year ended 31 March 2021 (Continued)
The fiTSt Trustees of The Centre identified in the above mentioned Constitution are'.-
John Wilson OBE
Andrew Taylor
Andrew Bunya
Karen Jowett
Wendy Kane
Chairperson
Vice Chairperson
Captain of the 17th Nottingham CompaTSy of The Boys, Brigade
Team Leader of the 30th Nottingham Compmy of Th¢ Gir15' Brigade
Day-to-day management (non-voting)
Recruitrn¢nt and 8ppointment of Charity Trustees
The Charity Trustees serve for a defined period. deternJin¢d by the Constitution. At the quarterly Manag¢m¢nt
Committee meeting. members agree the broad strategy and areas of activity for the Charity and when considered
Decessary make representations to the Custodian Trustee in areas of investment. reserves aT5d risk management
polici¢s.
The Induction and training of Charity Trustees
Charity Trustees undergo an induction to brief th¢m on their legal obligations under Charity Law. their
obligations under the specifie trust, as well as the operating procedures and financial management and
perforniance of the Charity.
The Charity Trustees receive general tnJst¢e training at regular intervals in order to maintain their knowledge on
the n¢eess2ry gov¢rnJn¢¢ r¢quirement5 associated with th¢ir offi¢e.
RELATED PARTIES
The Pearson Centre has links with the following OTg8nisaiioDS.'.
The Boy5. Brigad¢ H¢adquart¢rs- representative of Custodian Trustee
The Boys, Brigade and The Girls, Brigade nationally

The Pearson Centrt for Young People
Report of th¢ Trustee5 for the year ended 31 March 2021 (Continued)
Reference and Administrative Jnformation
CHARITY NAME:
The Pearson Centre for Young People
CHARITY REGISTRATION NUMBER:
1176819
PRINCIPAL AND OPERATIONAL ADDRESS:
2 Nuart Road
Beeston
Nottingham
NG9 2NH
CUSTODJAN TRUSTEES:
The Boys, Brigade
(a Company Limited by Gvarant¢e)
MANAGEMENT COMMITTEE (CHARITY TRUSTEES)..
The Pearson Centre for Young People is managed by a Management Committee in line with kts constitution.
Th¢ membeTS of the Management Committee who served during the year are..
Ch$irper5on:
Fowndlltion Manager:
Boy$, Brlg8de Captain..
Gir15' Brigade Te#]n L¢wd¢r'.
John Wi150n OBE (Appointed)
Andrew Taylor
(Appointed)
Andrcw Bunyan
(Appoinledl
Karen Jowett
(Appointed)
SetretAry:
W¢ndy Kllnc
Associate Member..
Thomas Jowett
(Appointed I1.3.20201
CEP4TRE MAIYAGER:
(Responsible for day lo day running of The Centre)
Wendy Kane
BANKERS..
Co-operative Bank PLC
Customer Services
PO Box 250
Skelmer5dale
WN8 6WT
INDEPENDENT EXAMINER:
Diane Lockwood
Haines Watts
ClitTe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA
INVESTMENT ADVISORS:
Rathbone Investment Management
8 Finsbury CitCU5
London
EC2M 7AZ

The Pearson Centre for Young People
Report of the Trustees for the year ended 31 March 2021 (Continued)
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Chariiy T￿slee5 are responsible for preparing the Report of the Trustees and the Financial Statements
in accordance with applacable law and United Kingdom Generally Accepted Accounting Pra¢ti¢¢.
The law applicable to charities in England and Wales, the Charitie5 Act 2011, ChaTity {Accounts and
Reports) Regulations 2008 and the provisions of the tn]st deed require the Trustees to prepare financial
5tat¢ments for each financial year which give a tru¢ and fair view of the slate of affairs of the Charity and of
th¢ incoming resources and 2pplicAtion of resources, including the income and expenditUTe of the Charity
for that period. In preparing those financial siatemenis, Ihe Management Trustees are required to.--
select suitable accounting policies and then apply them consisiently.
obserye the methods and principles in the Charity SORP.,
rnake judgements and estirnate5 that ar¢ reasonable and prudent-
PTepare the finaT)¢ial statements on the going ¢oncern basis unless il is inappropriate io presume
that the Charity will continue in busines5.
state whether applicable accounting 5tand8rds have been followed, subject to any material
departure5 that must be disclosed and explain¢d in the financial statements.
The Charity Trustee5 aTe responsible for keeping PToper a¢¢ounting records which disclose with r¢a50nable
accuracy at any time the financial position of the Charity ond to enable them to ensure that th¢ financial
statements comply with Ihe Charities Act 201 I, the Charity (Accounts and Reports) Regulations 2008 and
the provisions of the trust deed. They are a150 re5pon5ible for safeguarding the assets of th¢ Charity and
hence for taking r¢asonabl¢ st¢P5 for th¢ prev¢ntson and detection of fraud and other irregularities.
The Charity Trustees ar¢ respon5tble for the maintenance and inlegrity of the Charity and financial
nformation included on the Chartty's website in accordance with legislation in the United Kingdom
governing the preparation and dissemination of financial siatements.
This report has been prepared in accordan¢¢ with th¢ Statement of Recommended Practi¢¢.' Arcounttng and
Reporting by Charities {effectiv¢ January 2019).
OIY BEHALF OF THE MANAGEMEf4T COMMirrEE
Wilson OBE- Chairnian
2021

Independent Examiner's Report to the Trustees of
The Pearson Centre For Young People ('the CIO,)
For the Year Ended 31 March 2021
I report to the Charity Trust¢¢5 on my examination of the accounts of the CIO for the year ended 31 March
2021.
Responsibilities and Basis of Report
As the Charity Trustees of the CIO you are re5pon5ible for th¢ preparation of the accounts in arxordance
with the requirements of the Charities Act 2011 ('the Act,).
report in respect of my examination of the CIO'5 account5 carried out under S¢ction 145 of the Act. In
CaTTying out my examination I have followed all applicable dir¢ction5 givens by the Charity Commission
und¢T Section 14515)(b) of the 201 l Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed i
section 145 of the 2011 Aet. I confirni that l am qualified to undertake the examination because l am a
member of the Insiitute of Chart¢r¢d A¢countant5 in England and Wales, whi¢h Ès one of the listed bodies.
I have Completed my examination. I confim) that no matters heve come to my attention in connection with
the examiT)ation giving me cause to believe.,
l) Accounting records were not kept as required by Section 130 of the Act. or
2) Th¢ accounts do not accord with those records.
3) The accounts have not been prepared in accordance with the method5 and prin¢iples of the
Statem¢T)t of Recommended Practice for accounting and reporting by chariti¢s applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102).
I confirm that there are no matters to which your attention should be drawn to enable a proper understanding
of the accounts to be reached.
Mrs D J Lockwood FCCA FCA A￿(fellOW)
Chartered Accountant
Haines Watts
Cliffe Hill House
22-26 Nottinghan) Road
Stapleford
Nottingham NG9 8AA
Dated..

The Pearson Centre for Young People
Statement of Financial Activitie5 for the year ended 31 March 2021
(Including Income and Expenditure Account)
Total
Fund5
2021
Tot41
Funds
Unrestricted
Fund5
Capital
Fund5
Unrestrl¢ttd
F￿ndS
Cipitil
Fund5
2020
Plotes
INCOMING RESOURCES
Bro%towe Borough Counril Grant
Govemtnenl Furlou8h Scheme
Gift From Prcvious Entity
Donaiions 2nd Legacies
Income from Charttable ActivitÉcs
Income from Other
Trading Aciiviiies
Investment Income
Fund Raising
49,902
47,852
49.902
47.852
126.QOO
2,127
61,198
126,000
2.127
61.198
1,616
13,837
1,616
13,837
2b
3.556
3,556
120.016
223
60,301
60.301
102,669
568
120.016
02.669
223
568
TOTAL INCOMING
RFSOURCES
116986
120016
237,002
250 194
102 669
152,863
EXPENDITURE
Chariiable A¢itvities
Oth¢r
105,127
90,810
15,160
120.287
90.810
129,495
133.572
16.462
145,957
133,572
TOTAL EXPENDITURE
195.937
15,160
211.097
263,067
16.462
279.529
UMrt*lffistd Galnsl{Losses}
oth Inve$tmt#ts
Net In¢omellExpenditurel
TrAnsftrs Between Funds
Aetuarial Gainl{Lossl on Defined
Benefjt Pension Scheme in the
year since transfer of Scheme
478,677
104,856
{2tx),6611
478.677
25,903
1183.700}
86,207
(183.7001
73,334
(78.9511
200,661
(12,8731
16
89.000
189,000
1.000
1,000
Net MovetDeDt ID Fund5
32.710
382.872
415.582
97.277
(208.6431
{111.366)
RECONCILIATION OF FUNDS
Total funds brought forwird
988.448
1.830.253
2.818.701
891,171
2.038.896
2,930,067
TOTAL FUNDS
CARRIED FORWARD
021.158 2.213.125
3.234.283
988 448
1,830253
2818701
The notes on pages 10 to 19 fomi part of these financial stst¢ments

The Pe#rwn Centr¢ foT Young People
Balanee Sheet as at 31 March 2021
2021
Total
Funds
2020
Total
Fund5
Unrt5tricted
Funds
Capital
Fund5
Note5
FJXED ASSETS
Tangible assets
Fixed asset investments
966,109
966,109
966,487
19
966,109
966 109
966 487
CURRENT ASSETS
Stocks
Debtors
Investments
Cash at bank and in hand
Loan to The Pearsori
Centre {old entity)
755
3,439
755
3,439
2,213,125
93,013
988
7,149
1.830,253
158,412
Eo
2,213,125
93,013
19
241,870
241,870
339077
2 213 125
2 552 202
1,996 802
CREDITORS
12
58,028
58,028
7,588
NET CURRENT ASSETS
281049 2213,125
2 494 174
1989.214
TOTAL ASSETS LESS
CURRENT LIABILITIES
1,247,158
2,213,125
3,460.283
2,955,701
Pension Scheme Defi¢it
16
{226,0001
(226,000)
(137,000)
NET ASSETS
1021 158
2213 125
3 234 283
2 818,701
THE FUNDS OF THE CHARITY
Unre5trict¢d funds..
Generdl Fund
Pension Reserve
13
1,247,158
226.000)
1,021,158
1,011,968
137000
874.968
113.480
1,830,253
Designated Fund
Capital Fund
2,213,125
TOTAL CHARITY FUNDS
3,234.283
2,818,701
The financial statements were apptoved by the Charity Trustees on ...
signed on its behalf by..
. 2021 and were
ilson OBE- Chairman
A Taylor- ComTnitt
¢ M¢mber
The notes on pages 10 to 19 form part of these financial statements

The P¢¥TSon Centre for Young People
Note5 forming part of the Flnantial Ststement5 for the year ended 31 March 2021
ACCOUNTING POLICIES
Basis of Prepara¢Ron ind assessment ofgoRng concern
The accounts (financial statements) have been prepared in accordante wilh A¢¢ounting and Reporting by
Charities.. Statement of RecoTnmended Practice applicable to charities preparing their ac¢ount5 in accordance
with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS1021 effective January
2019, th¢ Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland {FRS102), and the Charities
Act 2011. Asset5 and liabilities are initially recognis¢d at historical cost or transaction value unless otherwise
stated in the r¢levant accounting policy not¢($).
The ChaTity ¢onstitutes a public beneflt entity a5 defined by FRS102.
The Trust¢es' consider that there are no material uncertainties about the Charity's ability to continue as a going
concern.
Going Concern- Covld-19 Posltion
During (he forthcorning financial year the Custodian Trustees have agreed to release £50,000 from the portfolio
to help cover the thrlough rosts not met by the furlough scheme. The local Borough Council have also made a
fi￿h¢r payment to assist with this financial year.
Now that th¢r¢ is Some forni of normality returnin& it is anticipated that the income streams will return to
previou5 year5. These are going to be reviewed on a r¢gular basis by the Trustees 50 that budg¢ts be
amended, if necessary.
The financial statetnents are presented in sterling (£).
Incoming resources
All illCOTning re50ur¢es are included on the Statement of Fillan¢ial A¢tivitie5 when the Charity is legally entitled
to the income and the amount can be quantified with reasonable accuracy.
Re50urce$ expended
Expenditure is account¢d for on an accruals basis and has been classified und¢r headings that aggregate all c05t5
related to the tategory. Wh¢r¢ costs cannot be directly attributed to particular heading5, they have been allocated
to activities on a basis consistent with the use ol resources. The Charity is not VAT registered and therefore all
tosts in¢lude irrecoverable VAT.
Tangible fixed assets
Depreciation 1$ provided at the following annual rates in ord¢r to writ¢ off ea¢h 8sS¢t ov¢r its ¢Stirnat¢d us¢firl
life.
Tangible assets are initially r¢¢orded al cost, and subsequently stated at cost less any accumulated depreciation
nd iinpairmeni losses. Any tallgible asset5 carried at reyalued amounts are recorded at fair value at the dale of
r¢valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Land and buildings
IEnprov¢m¢nt to Propety
Instruments
Equipment
lo/￿ on ¢05t (land is not depreciated)
150/p on red￿cing balance
20010 on r¢ducing balance
200/0 gn reducing balance
Stocks
Stocks are valued at the Iow¢T cos¢ and net realisable value. after making due allowan¢e for obsolete and slow
moving items.
Debtor5
Debtors are recognised at the settlement amount owed to the Charity or prepaid.
10

The P¢4r$on C¢ntre for Young People
Note5 formlng part of the Financial St8t¢ments for the year ended 31 March 2021 (Continued)
Creditors
Creditors and proyisions are recognised where the Charity ha5 a pr¢s¢nt obligation resulting from a past event
that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation ¢an be
measured or estimated reliably. Creditors and provisions are nOr￿1]Y recognised at their settlement amount.
Financial In51rument5
The Charity ha5 financial ￿setS and financial liabilities of a kind that qualify a5 basic financial instnjments.
Basic financial instruments are initially recognised at trans9￿70n value and subsequently measured at iheir
settlement value.
Taxation
Th¢ Charity is exernpt froTn tax on its ehariiable activitie5. The ChaTity also rents its rooms to other lo¢al
¢hildren's activities which satisfy the objectives of the Charity. The Tru5tee5 have r¢viewed the Charity's trading
a¢tivitie$ and are ¢onfident ihat they further the Charity's aims and, as such, are con5id¢red Èo be primary puTrose
trading.
Fund accounting
Unrestricted funds can be used in ateordance with the charitable objectives ai th¢ dis¢retion of the Trustees.
Restrieted funds eart only be used for particular restricted purposes within the objects of the Charity. Restrictions
aris¢ when Specifi￿ by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is includ¢d in the notes to the financial 5tat¢rnents.
Donaled Services, Good Faeilitle$
Donaied services or facilities are recognised as incom¢ when the Charity has contToI ov¢r the item, any
conditions associated with the Ilonated item hav¢ b¢en met, the receipt of economic benefit from the use by the
Charity of the item is probable and that economic benefit can be measured reliably. On receipt. donated 5ervites
and facilities are recogni5ed on the basis of the value of the gift to th¢ Charity which is the amount the Charity
would have been willing to pay to obtain services or facilitie5 of equivalent economic benefii on the open market.,
a corresponding amount is then recognised in expenditure in the period of receipt.
PeDsion cost5 and other po$t-retirement benefits
Retiremen( benefit5 to employec5 of the cornpdny are provided by the Local Government Pension Scheme {LGPS1
which is a defsned benefit scheme.
The LGPS is a funded scheme and the assets are held Separately from those of the company in separate trustee
administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an s¢tuarial
basis using the projected unit credit method and discounted at a rat¢ equivalent to the CUJTent rate of r¢turn on a
high quality corporate bond of equivalent term and currency to the liabilities. The actuarial valuations art
obtained at least triennially and are updated at each balan¢¢ sheet date. The amounts charged to the income
statein¢nt are the ¢urrent servic¢ costs of s¢h¢tne introductions, benefit charges. settlements and curtailments.
They are in¢luded as part of staff costs as in¢urred. Net interest on the net defined benefit obligation and interest
intome on the scheme assets, calculated by Enultiplying the fair value of the scheme a55ets at the beginnin8 of the
period by the rate used io discount the benefit obligations. The diffeT¢nc¢ between the interest incom¢ on the
scheme assets and the retum on the scheme assets is recognis¢d in the ancorne Statement. Actuarial gains and
losses are recognised immediately in the income statement.
Th¢ actuary ha5 produced the pension di5c105ures based upon IAS19. The resulting pension scheme liability has
been trdnsfe]T¢d to a separate pension res¢rve in order to ring fence the liability.
Investments
Listed inve5tment5 held a5 current assets revalued throughout the year at mid-market value at the balance
sheet dale and the gain or Ios5 on r¢valuatitsn artd disposals taken io the Statement of Financial Activiti¢s.

The Pearson Centre for Young People
r4otes forming part of the Flnanclal Statements for the year ended 31 Mareh 2021 (Contlnued)
Judg¢ment and Key Source5 of Estimation Uncertainty
The preparation of accounts using generally ac¢epted accounting principles requires mawdgement to make
estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the accounts and
the reported amounts of revenues and expenses during the reporttng period.
The k¢y estimates and assumptions used in the Financial Siaternents are detailed in the accounting policies.
2a. Donatlons #nd Legacies
Total
2021
Total
2020
Restricted
rtstritted
Donations
Gift Aid
Rent of House
1,157
459
1,157
459
1,120
1,007
2b. Ineome from Charltable Aetivities
Restrlcted
Unrestricted
Total
2021
Total
2020
Subscriptions
Sundry Receipts (including Kingswood we¢kend)
PantotniTne Income
Canteen Income
Development Work Inctsme
Camp
Sale of Uniform5
Activity Inwme
1.496
1,496
6,577
1215
3,156
2,666
29,523
17,970
10
55
12.286
55
12,286
13,837
61,198
2e. Incorne from Other Trading Activitie5
Total
202]
Total
2020
Restricted
Unrestritted
Room and Ground Hire
3.556
3,556
60.301
3. Inve5tm¢nt Income
Total
2021
Total
2020
Investment income
Gains/lLosses) on Investment
120,016
102,536
133
102,669
120,016
Total
2021
202
N¢t income is $tat¢d after ¢harging.'-
Independent Examination Fees
Other Paytnents to Auditor5 for Accountancy
and Payroll Services
Dcpreciaiion
2,400
2,588
1,500
3.738
20,639
19,707
12

The Pe&rson Centre lor Young People
Notes formtng part of the Flnanelal Ststements for the yvdr ended 31 March 2021 (ContiNu¢d)
4. Charitable Activilie5
Total
2021
Funds
Restrlcted
Unrestrlcted
2020
Wages and Expen5e5 Payments
Soci&l Security Paytnent5
Pensions
Sundry Purtha5es
Canteen Expenditure
Development Work Costs
Bank Charges
Investments Management Fee5
Postage, Printing and Stationery
Sundries (including vending
machine I cleaning)
Running Costs of Propety Under
Development (note 219)
Fund Raising Costs
BB Awards
Sybscriptions and Licences
Training
Activity Costs
Unifoms
Volunteers Expenses
Advertising
Pantomime Expenditure
Camp2019
Capitation Fees
74,974
6,229
11,221
74,974
6,229
11.221
51,968
3,795
10,356
1,156
40
1,156
40
15,160
509
1,952
4,905
182
16,462
1.540
15.160
509
1.952
3,355
12.520
2,742
2.742
10
1.459
907
6.955
859
113
2.114
859
2.114
228
313
2,042
23,453
3,830
145 957
105.127
120 287
5. Other Ixpenditure
Health and Safety Cost
Donat2on
(to pay debt of old oharity)
Wages and Exp¢nse Paymenls
Social Security Payments
Water Raies and Ra*s
Insurance
Light and Heat
Telephone
R¢pJirs, Maintenanc¢
and IT Equiprnent Replacement
Improvement to Property
Depreciation
Instruments Depreciation
Equipment Depreciation
Buildings Depreciation
Audit and Accounting Fees
Legal and Professional Fees
1,234
1.234
1,800
50,938
3.559
9,602
7,463
12,942
2.887
23,495
1.557
3,180
7,793
7,501
3,016
23.495
1,557
3,180
7,793
7.501
3,016
15,398
15.398
18,183
8.73Q
14
4,395
7,500
4,988
2,009
8,730
14
4,395
7,500
4,988
6.696
17
5.494
7,500
5.238
.253
133.572
13

The Pearson Centre for Young People
Notes forming part of the Fin¥n¢i41 Ststements for the year ended 31 March 2021 (continued)
6, Trustees, Remuner4tioD Benefit$
No tNstees' remuneration or other benefits have been paid for the y¢ar ended 31 Ma￿h 2021.
Tru$tees' Expenses
No ttu5tee5' expenses have been paid for the year ¢nd¢d 31 March 2021.
7. Staff and Support Costs
2021
20211
Wage5 and salaries (including expenses payments)
Social Security costs
Other pension costs
98,469
7,786
11.221
117,476
102,906
7,354
10,356
120,616
The average number of ￿aff paid for the year was 11 (2020.. 11).
No employee earned £60,000 per annum or more.
Total remuneration of key management personnel for the year ended 31 March 2021 was £55,55912020..
£49,729).
The number of employees to who retirement benefits were accruing were ls follows.'_
Defined benefit scherne
{2020.. 1)
Th¢ Staff oo5tS above includ¢ tim¢ spent Tunning The Pearson Centre and the costs of this are artributable to
the Charity's trading activitl¢S.
8. T8Ngible Fixed Assets
Lfind and
Buildings
lrnprovements
to property
Instruments Equipment
Totals
COST
At l April 2020
Additions
At 31 March 2021
950.000
227,759
20.261
248.020
2,664
374.988
1,555.411
20,261
1575,672
374 988
DEPRECIATION
At l April 2020
Depreciation Charge
At 31 March 2021
43,500
189,818
8.730
198.548
2,593
14
353,013
588,924
20.639
609,563
51,000
357.408
NET BOOK VALUE
At 31 March 2020
At 31 March 2021
906,500
899,000
37,941
49.472
71
57
21,975
17.580
966.487
966,109
Land with a value of £200,000 was included within land and buildings and not depreciated. the property
known as the Pear50n Centre was r¢valued by CP Walker & Son on the 8 October 2019 to ¢nsure the correct
value at transf¢T was attributed to the property.
14

The Pearson Centre for Young People
Notes formlng part of the Fin3ntial Statements for the year ended 31 Mareh 2021 {eontlnued)
The Pearson Centre for Young P¢ople still retains some land on Queens Road, Beeston, after the sale of the
majority of it to a property constru¢tion company during 2007. An estimation of its market value at
3 1 March 2019 is Nil as it has been leased over a 75 year period for 8 p¢pper¢orn rent to Broxtowe Borough
Council who will maintain and run IL
9. Stocks
2021
2020
Sio¢ks
755
988
10. Debtors
2021
2020
Prepayments
Oth¢r Debtors
1,977
1,462
2,949
11. Current Asset JnYe5tments
2021
2020
Investments (Stork exchange)
2.213 125
1,830.253
Asset Investments
Listed o
Stock
Exchonge
Market value at l April 2020
Investment income
Unrealised gains at 31 March 2021
C05t of investment
Transfer from Fund Balanee
1.830,253
120,016
478.677
(15.160)
200,661
ValuatiOTt at 31 March 2021
2,213 125
Included within listed investments 15 £4,493 of rnonie5 held by the Charity's broker. Thi5 has arisen from
pro¢¢cd5 of selling investEnents durin8 the year that at the year end hav¢ not b¢en reinvested.
12. CTeditor5: amounts falling d￿e )Yithin one year
2021
2020
Trade creditors
Other creditors
Taxation and social security costs
269
56.274
1,485
58,028
202
5,704
1,682
7.588
15

The Pearson Centre for Young People
Note5 forming part of the Financial Statetnent$ for the y¢ar ended 31 March 2021 (eontlnued)
13. Movement in fund5
Transfers
between
fund5
At
31 March
2021
At 1.4.20
Net movement
irt funds
Unrestricted funds
General hjnd
Pension Reserve
Capital Funds
1,125,448
(137,000)
1.830,253
121.710
{89,000}
382,872
1,247,158
1226,000)
2,213,125
TOTAL FUNDS
2818701
415,582
3 234 283
Tran$f¢rs
between
funds
At
31 March
2020
arEnded 31.
.20
At 1.4.19
Net movement
ITh funds
Unrestricted fund5
General fund
Pension Reserve
Capital Funds
,027,171
(136,000)
2,038,896
98,277
(1,000)
{208,643}
1,125,448
(137,000)
1.830,253
TOTAL FUNDS
2 930.067
2.818 701
Net rnovement in funds, including in the above are as follows'.-
Year Ended
Balan¢e
Blfwd 1.4.20
Incoming
resources
Resources
expended
Gains and
lo5￿S
Movernent
in fund3
Unrestricted funds
General fund
988.448
116.986
(284,937)
200,661
1.021.158
Capital fund
1,830,253
382.872
2,213,125
TOTAL FUNDS
2,818.701
500,404
284 937
200661
3,234,283
Year Ended 31.
Balance
Blfwd 1.4.19
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fuftd
891.171
250,194
(264,067)
988.448
Capitsl fund
2,038,896
102,669
{16.462)
(294,850)
1,830,253
TOTAL FUNDS
2,930,067
352.863
280,529
183.700
2,818,701
14. Reloted party disclosures
The use of the premises has been made available to The Boys, Brigade and The Girls, Brigade nationally at
a reduced rate. The new ¢h8rity (no. 1176819) paid £241.870 towards costs for the old charity. This amount
is shown within current assets as repayable on completion of the project. There are no other related party
disc105ur¢s.
IS. Volunteers
Durtng the year around 80 to 90 p¢ople gave their time to the Charity with no personal financial benefiL in
Order for th¢ Charity to operate smoothly.
16

The Pear50n Centre for Yourtg People
Notes forming part of the Fin#nciAI Statements for the year eDded 31 March 2021 (continued)
J6. Employee benefit obligation5
The Company contributed to a defined benefit pension scheme. The assets are held and administeTed by th¢
Nottinghamshire County Council Pension Scheme. The pension cost charge represents contributions
payable by the Company to the pensiot) schemes and amounts to £11,221 {2020.. £10.356).
An a¢￿arIal valuation was catTied out for the defined benefit scheme by Barnett WaddinghaTn by rolling
fonvard to 31 March 2021 the value of the employers liability calculated for the funding valuation as at 31
March 2020 using financial assumptions that comply with FRS102. The valuations ar¢ calculated every
three years the last one being on 31 March 2020.
The amounts recognised in the balance sheet are as follows'.-
21
2020
Present value of funded obligations
Fair value of plan assets
(441,000)
215000
{226,000)
(304,000)
167000
(137,000)
Present value of unfunded obligations
Deficit
Net Liability
226,000
(226,000
137000
137.000
The amounts recognised in surplus or deficit are as follow5-_
2021
2020
Curret]t service costs
Net interest from defined benefit as5eV liability
10,000
3.000
16.000
13,000
19.000
Actual return on plan assets
38,000
19.000
Changes in the present value of the defined benefit obligation are as follows'.-
2021
Opening defined b¢nefit obligaiion
Current service Cost
Contribution5 by scheme participants
Experien¢e Lossl (Gain) on defined benefit obligation
Past Service costs
Interest Q05t
Actuarial (gains)Ilosses from change5 in financial assumptions
Actuarial (gain5)Ilosse5 from changes in demographi¢ assumptions
304,000
10,000
2,000
{i.000)
296,000
11,000
2,000
33,000
5,000
7,000
{44,0001
7,000
119,000
441000
304 000

The Pearson Centre for Young People
Notes formittg PArt of the FTnancial Statements for th£ year ended 31 Mareh 2021 (continued)
Changes in the fair value of the scheme ossets are as follows'.-
2020
Opening fair value of seheme assets
Contributions by employer
Contributions by scheme participants
Return on plan asset5 (excluding interest income)
Other Actuarial Gain5
167.000
8.000
2,000
38,000
160,000
7,000
2,000
(14,000)
12,000
167000
215,000
The amount recognised in other comprehensive income are as follows'.-
20
Actuarial {gainsylosses from change in demographic assumptions
Actuarial (gains)/losses from changes in financial Rssumpiions
Rett]rn on plan assets (excluding interest income)
Return on fund assets in excess of interest
Other Actuarial Gainsl (Losses) on Assets
Experience Gain/ (Lo55) on defined Benefit Obligation
6,000
44,000
(119,000)
34.000
(18.000)
12,000
33,000
1.000
84,000
The major cat¢gori¢s of scheme assets as a percentage total scheme assets are as follows'.-
2021
2020
Equities
Gifts
Bonds
Propety
Inftaslructure
Jnflation linked
Cashltemporary investments
64
64
13
100
10
Principal acluarial assumptions at the balance sheet date (expressed as weighted averages)..
Discount rate
Future salary increases
Future pension increases
2.05Vty
2.850/0
3.850/0
17. Trusttt Indemnity Insurance
The Charity held Trustee Inden2nity insuranc¢, which is now held with the new entity. The scheme
provided annual cover of a maximurn of £1,000,000, with an exce55 of £250. The premium is paid with the
total insurance policy.
18. Donated Services
During the year goods and servi¢es were donated for ihe pantQTnime in the previous year to a value of £401.
The pantomime did not take pla¢e thi5 year so there are no donation5 to nole.
18

The Pearson Centre for Young People
Notes formlng pArt of the Finon¢i81 Staten]ent5 for th¢ year ended 31 March 2021 (continued)
19. Gift from- The Pearson Centre for Young P¢opl¢ (522177)
The assets of the Charity have been passed to this new entiry.
Th¢ previou5 Charity's activities transfeJTed fully on l April 2019. along with the staff.
The asseis have transfetred over the year and have resulted in the gift to this new entity as disclosed of
£2,883,022. in 2019 and £126,000 in 2020.
The only remaining asset of the previous Charity is the property at 10 Ireland Avenue which after
redevelopment will be revalued and transfetred to this entity when the legal title is updated. Costs for
general running of the property aT¢ shown within these accounts. Planning perniis5ion has been granted to
enable the charity to re develop the rernaining land by demolishing th¢ ¢xisting propety and building two
semi-detsched properties to provide rental Encom¢ to the charity.
The costs of the redevelopment / build cts5t and legal fees are shown in accounts of the old entity, and
loan given for the development is shown in Ihe5e accounts totalling £241,870 for 31 March 2021. which
will be cleared on completion of the project.
The project was completed in July 2021, eosts to complet¢ the development of the two new properties after
the year end date totalled £66,835. The properties ar¢ to be revalued for traT25fer to this entity within the
year to 31 March 2022.
19