THE PEAIiSON CENTRE FOR VOUNG PEOPL
TRUSTEES, REPORT AND
FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 MARCH 2024
Charity Number 1176819

The Peanoll CeDtre for Young People
Report of the Trustee5 for the yur ended 31 M#r¢h 2024
The Trustets PT¢S¢nt their ortnual rep)rt 8nd fitsantial ststements of the Charity for the year ended 31 March
2024. The fJnan¢ial 5tat¢Tn¢nts hav¢ b¢¢n pr¢p•td in accordance with the accounting policies set out in
DQt¢ I to th¢ accounts and accounts and comply wrth ihe Charity Twsl Deed, th¢ Charities Act 2011 and
Accounting and Reponin8 by Charities.. statement of Recommended Praciice applicable to rhaTiIi¢s
preparing their A¢¢ounts in a¢¢ordan¢e with the Fin8nctal Reporting Standard applicable in th¢ UK and
Rep￿blIC of Ireland.
ORJECTIVES ATr4D ACTIVITIES FOR PUBLIC BENEFIT
Constitution *thd Objettlve
The objective of The P¢ar5on c¢nI￿ for Young People is the provision of leisure time activities for child
and young p¢ople from the age of 4 y¢ar5 through the #vspi¢¢s of Th¢ Boys. Brigade and The Girls,
Brigade. together with other children and young p￿p]e of that age in Bee5ton. Nottingham5hir¢ ar￿ th¢
surrotjnding are& The prifjcipal obj¢¢tiv¢s of these organisations are as follows..
The Boys. Brlgade
Th¢ advJn¢¢tn¢nt of Christ's Kingdom omoD8 boys attd ihe promotion of habits of obedienc¢, reverence.
disciplin¢, s¢lf-rtspECt and all that t¢nds toward a true Christian Manliness.
The Girls. Brigade
To h¢lp gir15 ￿COMe followers of the Lord Jesus Christ, and through s¢lf.¢ontrol, reverence athj a sense of
resp)nsibility. to fjnd true enrichment of life.
All Ihe sett￿0￿$ of The Cetltre have contittued to provide a wide Rn8e of programmes aimed
¢¢¢i￿g th¢ r¢spective Brigade award structures and providing addition￿ o¢tivitie$ Ls requested by the
young people.
Th¢ property is available for the usc of those group5 previously laid dowB in th¢ tontrollitt8 Debentu￿ &8
well as ￿h¢T5. particularly those involved in youth and sporting artivit1¢5, s￿la1 and l¢isurt activities.
Sar¢g￿rdIng
The P¢ar50n Centre tskes its dulles und¢T the Children Aot 1989 S¢Tiollsly attd has appropriate procedures
vnd staff appointed to meet its duties under the 1989 Act. If a reasonable suspicion is Tais¢d ab(>ut the
protection of a ¢hild urtd¢r th¢ age of 18 y¢ars, The Centre will undertake its duties using its procedure5.
The Manag¢m¢Tht Committee has a Folicy to vd all thos¢ who hav¢ the r¢spon$ibility for the care of
childretl within areas of Its respoNsibilities to comply with th¢ Prot¢¢tion of Children Act 1999.
Th¢ Charity Tru5te¢s have r¢f¢rred to th¢ guidance on publi¢ b¢n¢fit and ¢tsnfinn that the provision of The
Centre for U8e by the 8eneral public satisfies the requirements laid down.
The Charity Trustees ¢onfimi ihat ih¢y hav¢ complted with their duties under the 2011 Charittes Act with
regard to public benefit.
ACHIEVEMENT AND PERFORMANCE
Results and Review of OperAtion
The Pearsot) Certtre for Young People established an overdll deficit position before unr¢alis¢d gain51(Ios5ts)
on the provision of its a¢tiviti¢$ for the year of £129,198. Realised and unrealised losses and gains on
inve5trnent5 increased the deficit in the% figures in the ac¢ounts, before the Actuarial de¢rease on the
defined benefit pertsion scheme of £190.000.
The Charity Trust¢¢s ¢xpr¢ss th¢ir thanks to a]1 those involved its orgatti$irt8 fvndraising activities or who
have made donations during the year in order that The Centre may wntinue to off¢r aD irnFx)rtant rdnge of
activities to children and youn8 people within the area.

Th¢ Pe4Tson Centre for Young Peopl¢
Report of the Tryst¢es for the year ended 31 M4rch 2024 (Continued)
Thi$ year has b¢¢n a PTodu¢tive year. We have receiv¢d OFS1ED Tegistration duritlg the year which h&%
n¢rea5d th¢ nutnbers attending both our altetschool and holiday ¢lub5. BB and GB groups held a
reGruiting day and their numbers haw¢ irttr¢8sd. Th¢ annuaj pantomime and residential involving the BB
d GB members W¢￿ su¢¢¢ssful and involved a g￿d number of ourolder members.
Th¢ C¢ntre was blessed to have numerous volunter5 working with the children and youn8 peopl< im all
aspects of its work. The wolurtteers hÈvr ¢orpc from various walks of life including Aldemian White
School, Chilwell School, Bilb¢>Tough Sixth Forni College, University of Nottin8harn, Nottingham Trent
Univ¢r5ity and local residents. A number of our younKer volunteers use this experierlce a5 part of their
Duk¢ of Edinburgh Award oMnmut)ity servi¢¢. The Trust¢¢5 ar¢ tnost grateful to the volunteers for all the
hours that ihey 8ive to ensure thai the work of The Centre Is succes5fv1.
Again. Th¢ C¢ntre saw an increase in iL8 ineome from both ]wm hiT¢ and its d¢v¢lopm¢nt work. Work in
the local community has taken pla¢¢ through partSCiPation in ￿h0o1 ￿Mb[leS and artet)d￿¢¢ ￿ ￿￿001
fetes, together with adverttsing activities within local media.
The two houses on Ireland A¥enu¢ hav¢ ¢ontiny¢d to b¢ l¢t throughout the fjnanciaj year.
FINANCIAL REVIEW
Investm￿1 P•ll¢y •nd Objectives
The Charity Trustees are committed to a5kfr invrstmentof fund5 whilst retaining aceessibility.
The investments from the s&le of laEhd from the S H Pearson Trust are assigned to R8¢hknn¢ Brothers pl¢, 8fL
ittv¢$tm¢nt managem¢nt company, who have discretionary investment txjwus. The totht held at 31 March
2024 was £1.969.117 {2023.. £1,843.9241.
Investment PÈrfom*nee
The Charity'frustees are sat15fied with the investmetjt perfortnan¢e of th¢ Fund Managers to th¢ Trnst. and
recognises the diffjcult econ¢)mic ettvironm¢Dt in which th¢y have act¢d.
The genwa] oim 15 to gTOW the invested ￿sets for the longer term in t¢$￿£t of incorn¢ and capital
gr0￿h to aohieve a TeDJrn in excess of RPI plus 3%. A b218th¢ed objectiv¢ has been selected in order that
the portfolio 15 managed In a way ihot gives good diversifjcation between different asset cl8sses and can
achieve the tim of th¢ FK)rtfolio. Given th¢ nature of the funds. there is no 5pecifJ¢ time horizon 0$ funds
ar¢ invested for the longer te￿.

The Pearson Centre for Young People
Report of theTrustees for the yeAT ende(131 Marth 2024 (Continued)
The portfolio is invested fot glowth of capital and income in a way Ihat repwents All &spetts of the world
economy covering diffeT¢Dt 8ssei ¢lasses attd courttry diverstfitotiort. It ss inve5t¢d 75Yo in ¢qvilies'
toll¢ctlV¢5 and growth stocks to achieve th¢ C￿11￿1 Bro￿kn d¢sir¢d. Th¢ balanc¢ of 25Q/o is in fixed int¢r¢st
and div¢rsifier investments. Direct investments in Arniaments. d¢fence. alcohol and tobacco are not
allowed.
Res¢rYes Policy
The Ch8rity Truste¢s, hav¢ been conscious of th¢ diffi¢ult r¢cutTing finxntiol r¢sults, w]d identifi¢d a Policy
of ke¢ping under review a minimum r¢quiTetSkenl of tw¢lve months costs of oper&tions being availabl¢ to
r¢duc¢ risk of atty insolvency occurring.
The Charity holds £117J76. in T¢5erv¢ in th¢ bank Th¢ Inv¢strR¢nt furbJ5 only &11gwed to b¢
5p¢nt on costs that meet the charit&ble atms and are approved by ihe CUs￿dian Tru$tees. The investment
fund h&8 10 remain at its opEning balan¢¢ or high¢r. Th¢ ¢ustodian tyu51e¢$ hav¢ igre¢d that SOtn¢ of the
furtds catt be used b ￿place old and worn equipment.
The reserves p)li¢y will k revi¢wed on an annud basis.
Risk M*n4gernent
The Charity Trustees hawe conduct¢d a rcvi¢w of risks a550Giat¢d with the Charity ar￿ have id￿lif1¢d th¢
majoT risk5 to which it is eX￿Sed. in particular those related lo th¢ op¢rations attd finances of the Chartty.
The Charity Trustees are satisfied thai sysiems are now in place to mitigate the Charity's exposure to rhe
major risks.
Future Development
Th¢ ¢oming y¢ar will continue to b¢ Spent building back up the work with the Boy5 Brigade and Girls
Brigade, tog¢th¢r with the development programme. In order to improv¢ and expand th¢ d¢velopm¢nt
Progr￿￿Me fijrther, adult volunteers wtll be sought. It is aniicipaled th￿ the pantomime will reven back to
its January perfoTmaD¢¢S. There will b¢ an in¢r¢ase in tt)ark¢ting whi¢h it 1$ hop¢d will enti¢¢ more r(x)m
ixx>kings and members attending the various activitie5.
STRuCr￿,Rl. GOVERNANCE AP*D MAIYAGEMENT
Coverning dotttmemt
Th¢ Pear50n Centre for Young People i5 controlled by a ConstLtutioTh of its Charitable Incort¥Jrat¢d
Organisation stttu& d*ed 24 January 2018.
MANACEMENT cOMMI￿E￿ {CHARITY TRUSTEFS)
In line with The P¢arson Centr¢ for Young P¢opl¢'s wn5titution, Ch8rity Trustees ar¢ adiv¢ and
continually support the day-to-day running of The Centre. and de¢ide on necessary actions to achieve the
obj¢¢tiV¢s of the Charitable IncorForated Organisation.
The Charity TTustr¢s 5hJl in¢lud¢ th¢ following.'_
A leader of the 17th Nottittgham Company of The Boys, Brigade.
A lead¢T of the 30th Nottingham Company of Th¢ Gir15' Brigad¢.

Th¢ P￿rt￿N CeNtre for Young People
Report of the Trusttts forthe yta* ¢nd¢d 31 Manh 2024 (Continued)
Th¢ first TTUSt¢¢5 of The Centre identifLed in the above mentioned Constitution aTe.'-
Andrew Bunyan
Andrew Taylor
John Wilson
Andrew Bunyan
Karen Jowe
W¢ndy KaTr¢
Chairper50n
Vice Chairperg)È)
Tjwstee
Captain of th¢ 17th NottiRglLom Compony of Th¢ Boys. BrÈsade
Tearn Leader of the 30th Nottingham Company o¥The Girls. Brigod¢
Day-to-day man8gement It)on-votit*gl IT¢sign¢d l January 20241
RtCTultmeRt *nd gppolntmettt of Chlrity TTU5tees
The Charity Trustees seTVe for 4 defined period. detennined by the Consiitwion. At the quarterly
Management Committe¢ Me￿Ing. members wee the broad 5tTat¢gy and areas of activity for the Charity
and when considered neces$2ry mak¢ *pre5¢ntations to the Custodian Trustee in are&s of investmcn¢
resetv¢s and risk m￿ager￿ent w>li¢ies.
The Induetion And of Ch#rity Trustee5
Charity Trustees underBO an indts¢tLOrt to brief them on their legal obligations under Chartty Law, their
obligat10￿S tsndet th¢ spe¢ifi¢ trust, as well as the operatin8 procedures and fJnan¢ial management atld
p¢rforniance of the Chartty.
Th¢ Charity Trnste¢s receiv¢ general trustee training at regular intervals irt ord¢r to tnaintain their
krtowl¢dg¢ on the necessary governance requirements &8s0¢iaied with theiF offitt.
RELATED PARTIES
Thc Pearson Centre links with the following organi$ations.--
The Boys, Brigade HeadqU￿¢r5- T¢pf¢5cntativc of Custodian Trustee
The Boys. Brigade and Th¢ Girls, Brigad¢ nationally

The Pe2rsoll Centre for Young Peopl¢
Report of tht Trnstees for the ytAr eftdtd 31 Mareh 2024 (Continued)
R¢f¢rtNce and AdrnsNi5trative InfonDatiou
CHARITY NAME:
The Pearson Cetstre for You#8 People
CHARITY REGISTRATIOTr4 NUMBER:
1176819
PRINCIPAL AND OPERATIONAL ADDRES&.
2 Nuart Road
Bceston
Nottin8ham
NG9 2NH
CUSTODIATrI TRusfEES:
{& company Limilthl by Guor&n*¢)
The Boys. Brigade
MANACEMENT COMMI￿￿￿ (CHARITY TRLisfEES):
Th¢ Peats(MJ Centre for Young People is fflaTLaged by a Manag¢ment Comtnittee in line with its constithtion.
The memb¢r5 of the Management Committee who served during the ycar are..
ehxirytr50D'.
Vict Cb*iryeThbn:
Boys. Bri8*dt C'*ptaill:
Girls, Brigadt Team L¢*d¢r.
Tru$t<¢&:
Andrew Buny8
And￿W Taylor
Andre￿, Bunygn
Karen Jowtii
Th0Th&5Jow¢i¢
John Wilson
IApwinled)
IApwintedl
IApwTritstedl
{AP￿l￿t¢d)
IAproinledl
CENTRE MANAGER:
(Responsible for dAy-t￿d*Y running ofThe Centre)
Wendy Kane (Part Year- resigned l.1.24)
BANKERS..
Cfrop¢rative Bank PLC
Customer Services
POBOX 250
Skelmer5dale
WN8 6WT
JNDEPENDENT EXAMINER:
James Liptrott
HHtn¢s Watts
Cliffe Hill House
22-26 Nottingham Ro#d
Stapleford
Nottingham
NG9 8AA
INVESTMEf4T ADVISORS:
Rathbon¢ JDv¢5trnent Managemeni
8 Finsbtsry Circus
London
EC2M 7AZ

The Pearson Centre for Youtyg People
Report of the TTU5tees for the year ended 31 Mar¢b 2024 (Cotsiinued)
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Charity Truste¢s arc r¢S￿nsible for preparing the Report of the Trus￿$ and the Financial St&t¢ments
*# a¢¢ordanc¢ with applicable law and United Kin8dorTr G¢ncrdlly Acc¢pt¢d Accounting Practice.
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Acco￿ts 8ttd
Repnrtsl Regiil81ion5 2008 and the PTOViSiOnS of the trust deed require the Trustee5 to prepare financia]
stat¢Tn¢nt5 for each flttancial Ye￿ which $iv¢ a tru¢ 2nd fairview of tb¢ state of affairs ofthe Charity and of
the Encomtn8 resources and appli¢8tion of resourc¢s, including the income and expettditutt of th¢ Charity
for that period. In pr¢paring those fiTrancial statements, the Matsa8ement Tn￿tte$ are T¢qULred to'.-
sel¢ct suitable accounti#g poli¢i¢s and then apply them con5lStently'
ob$¢rv¢ th¢ mdhods &nd Principles tn the Charity SORP;
make judgements artd e$liTnates that aT¢ Teasotsable and prudent.
pr¢paT¢ th¢ financial statements on the 80ing eoneem ba8i$ Urtless it is inappropriate to presume that
the Charity will continue itt busittess.
State whether applicable ac<x>uDtiDg st￿IdardS have been followed. subject to any material deptsrturts
that musi be dis¢105¢d arwj explained in the financial statements.
The Charity Trustees are responsible for keepiTr8 prop¢r accounting records which disclose with reasonAble
accuracy at any tittle th¢ fLttancial position of the Charity and to enable them to ethstsre that thc financial
stat¢ment5 comply with the Charities Aci 2011, the Ch¥ity IA¢¢oun¢s and Reports) Regulations 2008 at)d
the provi5tons of the trusi deed. They ¥¢ also r¢sponsibl¢ for 5af¢gugJding the ￿Sets of the Charity and
hrtE¥r fur ￿kIn¥ Tea50[￿ble steps for th¢ PT¢v¢niion and dctrction of frwd attd other irregulatitles.
The Charity Tn￿t¢¢S ar¢ re5w)n5ible for the maintenance and integrity of the CILaTity and financial
irJforTnation included on the Charity's website in accord￿¢¢ wsth legislation in the United Kingdom
governing the preparation attd disseminatiott of finart¢ial statements.
This tew)rt ha5 b¢¢n prcparcd in aCcOrd￿te with the Statement of Rec(pmtnended PrnGtire" Accounting
Repotting by Charities {effeetive January 20191.
ON BEHALF OF THE MANAGEMENf COMMITFEE
Andr¥w Bunyan- Chairp¢ry>
. 2024

Independent Examiner'5 Report to the Trustee5 of
The Pexrson cent￿ For Young People ('tht CIO,)
For the Year K￿ded 31 March 2024
I report tts th¢ ChJrity TTU5t¢¢$ on my examination of the accounts of the CIO for the year ethded 31 March
2024.
Reswnsibilities Basis of Report
As th¢ Charity Trusttts of the CIO you are r¢sponsibl¢ for th¢ p￿ParattOn of the aGwunts in ac¢ordan¢e
with the requirements of the Charitie5 Act 20111'th¢ Act'l.
I report in resp¢ct of rDy ¢xwnination of the CIO'S accounts Carried out u#der Setlion 145 of the Act. In
arrying out my examination I hav¢ followed all applicabl¢ dLf¢ciLQUS givens by the Charity Commi55iO
under Section 145ISKbl of the 2011 Act.
IDthpendent Examiner's Statement
Sinc¢ the Charity's gr055 inrome ¢xre¢ded £250,1100 your examirter must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l qualified to undertake the exatnination because l am a
member of the tnsiitule of Ch&rtered Accounianls in England Wales. which is one of the lisied bodies.
I hav¢ wmpleted my examination. I wnfiTm tha¢ no matter$ hav¢ ¢om¢ kn my attention it) Lonneciion with
the exatnination giving m¢ cause to believe..
I l ACcoU￿tI￿g records were ijoi kept Is requirtd by Seaion 130 tsf the A¢t- Or
21 The accounts do not accord with those records.
31 Th¢ acrounts have zjot beett prepared in accordance with the methods and principles of th¢
Statement of R¢totnrnended Pta¢ti¢e for 2CCOUrtling artd reportirtg by charities applicable to
charities pr¢paring their accounts in occordan¢¢ wittl th¢ FinanGial R¢porting Slandard
applicable in the UK and Republic of Ireland IFRS1021.
I confirn that ihere are no matters to which your attention should b¢ drnwn to ¢nabl¢ & prop¢r und¢rst#thdin8
of the accounts to be reached.
James
Iptrott FCA
Chartered Accountant
HaÈne$ Watt$
Cliff¢ Hill Hous¢
22-26 Nottingham Road
Stapleford
Nottin8h8m NG9 8AA
Dkted..

The P¢arson Cenit¢ for Young People
St#temeut of Financial Activities for the ye*r ended 31 Morth 2024
(Intluding Income ExpeNditure Actountl
Tof•l
Funds
2024
Total
Utymtrirtvl
Funds
Capitsl
Funds
Unrestiietsd
FyDd$
Capityl
2023
INCOMING RESOURCES
2a
Ib
34303
50,014
34.203
50,014
31.468
51,022
31,4fj8
51,022
In¢omc from Charitabk Activities
In¢om¢ from Oth¢r
Ttading Activities
Investhent Incorn¢
Fund R&i51t18
47.155
47,155
57,546
282
45,491
45.491
56,051
173
57,546
56,051
282
173
TOTAL INCOMING
RESOURCES
131.654
189200
128 154
56.051
184205
EXPENDIT￿lE
ch￿itab￿ ActtYitiEs
Oth¢r
126.878
149,085
9.106
135.984
149.085
18,998
129,038
9.316
128.314
129,038
TOTAL EXPENDITURE
275.963
285 096
24&Q36
257 352
Ilnrexli5cd Gaill51lL0vb￿I
on Investments
N¢t lTr¢omellEJpeDditurel
Trxllsftrs Belweei Funds
Attu*ri•l GaillllLoJJl Defintd
B¢#tfit Pen¥ion Scbemt ID the
year $inee tv•Trsfer ofJth¢mt
175.153
48,440
198,4001
175,153
{95.8691
Il99.0841
46,735
11052(Al
1199,0841
173,1471
{144J091
98,4(M)
1119,8121
105,264
190.0(X)
N¢t MovemtDt Funds
119Q909}
123.193
165.7161
175,382
1257,613)
1822311
RECONCILIATION OF FUNDS
Totsl funds brought forward
1.545,206 1.843924
3,389,130
1,369,824
2,101537
3.471.361
TOTAL FUNDS
CARIUED FORWARD
354 297 1969 117
3323414
1 54521
1843 924
3 389 130
The tLOtrs on pages 10 to 17 forni part of ihese fllmacial stat¢ment$

The Pearsoj) Cetttre for Young P￿pIe
B•lamte Sheet Is at 31 Matth 2024
2024
Total
Fund$
202J
Totsl
Funds
VTrr¢>lri¢é¢
Funds
Cgpltal
Funds
Notes
FIXED ASSETS
T2ngibl¢ 4s5¢ts
Fixed ass¢t investments
928.777
928,777
931,885
1388 777
1388 777
1391885
CURRENT ASSETS
Stocks
Lkbiors
Investment$
C￿h Ht bank and hartd
337
5.158
337
5,158
1,969.117
17.376
r23
4,018
1,843,924
171.186
io
,969,117
117.376
122.871
1969 117
2091.988
2.019,851
CREDITORS
12
15,3511
115,606)
P4ET CURRENT ASSETS
117520
1969 117
2.086 637
45
TiyfAL ASSETS LESS
CURREKf LIABILITIES
1,506,297 1,969,117
3.475,414
3 J96,130
Penston Scheme Dtfitit
15
1152.000}
1152,(HIDI
{7.000)
NET ASSETS
1354 297
1969 117
3 323 414
3 389 130
THE FUNDSOFTHE CHARITY
Unrestricted funds..
Gene￿ Fund
Pension R¢5¢rYe
13
1.506,297
152,000
1.354.297
.969.117
1,551206
1,545,206
1,843,924
Capital Fund
TOTAL CHARITY FUNDS
3 323 414
3 389 130
Th¢ fina¢¥¢ial statsments were approved by the Chority Trusttts on.
signed on its behalf by-.
. 2024 and we
A Bunyan -Chairperso
A T&ylor- Commt
Member
The T￿teS OTh pages 10 to 17 fonn p&rt of these fir￿nCIal statements

Th* Pearson Centr¢ for Young People
Ntste5 forming part of the FiTrantlal St*tem¢ttts for th¢ year ended 31 mS￿h 2024
AcCOUP￿¥NG POLICIES
Bisis of Prep*r*tion assessment of going conter
Th¢ a¢thunt5 (financial 5tatemenisl have been prepared in wwrdatLCC with Accounting and Reportiti8 by
Charities.. Ststement of R¢comm¢nded Prnctice applicable to charities preparing their 8cwunts in accordance
with the Fittattcial Reporting Standard applscable in UK and Rep¥blic of Ir¢lond IFRS102} eff¢¢tive j￿Uary
?019. th¢ Fir￿n¢la1 Report5ng Standard opplicoble itt th¢ attd R¢pvbliF of Ir¢land IFRS1021, and th¢ Charities
Act 2011. Assets and liabiltties are initially r¢¢ogttised at historical cost or trans￿tiOn value unless otherwi$¢
stated in the relevattt accoun(ing wli¢y nottlsl.
The ChArity wn5titsrtcs a public benefit entity &8 defined by FRSIO2.
The Trnstees. ¢onsid¢T that th¢r¢ are no material uncertainties about the Clwiiy's ability to eontinue as a going
co#c¢rn.
The fjnanckal statements 8Jr pffsented its sterling {£1.
Ineoming resources
All incoming resources are included on the Siat¢m¢ot of Finatt¢ial Adivitie5 when the Charity is legally entitled
to the inctsme And th¢ b¢ quantified with re&8onable accura¢y.
Re50urce5 expended
Expenditure is accollnt¢d for on an a¢¢ruals basis 8nd has been cl&8sified under headings that a8gr¢gat¢ all Gosts
r¢iat¢d to the ¢ot¢80ry. Whvr ¢osts ¢annot b¢ dir￿tlY attributed to particular headin8S? Ih¢y have b¢¢n allorat¢d
to artivities ort a bAsis ¢onsist¢nt W2th the use of resourtts. The Ch¥ity is tsot VAT registered and therefore all
¢OSts include irrecoverable VAT.
Tgllglblt fixed Ogsets
Depreeiaiiot) is pwvided at the following annual Tales in order to write off ¢ath ov¢r its ¢5timated useful
Tangible L8sets 8re Injt$8]ly recorded at ¢OS¢ and subsequently stated at cost less any ac¢umulat¢d deprwiation
and impairment loss¢s. Any tangibl¢ assets carried at revalued amounis are re¢￿ded at fair value at the date of
revaluation l¢ss any subsequettl accumulated depreciation attd sub5¢queat accumulated impairnient losses.
Land and buildin8$
Improveme#t to prop¢rty
In$trumcnts
Equipment
IV& On ¢OSt {1ond is not depreciated}
150ts on reducing bal&nce
- 20% on reducing balance
20¥0 on ￿d￿cing balan
Sto¢kJ
st￿ks ar¢ valued at the lower cost and net r¢alisabl¢ value, after making due allowance for obsolete and slow
moving items.
Debtors
Debtors ar¢ T¢¢ognis¢d at the settlement amount owed to the Charity or pr¢paid.
Creditors
Creditors and provision$ or¢ r¢¢ognis¢d wher¢ the Charity has a present obli8aiion ]tsulting frotn a p&st ￿¢￿t
that will probably r¢sult the transfer of fvnds to a third party. 2nd the amowit du¢ to settl¢ ttL¢ obligation can be
mel5u￿d or estimated reliably. Cred&rors attd provision5 ar¢ nornally rtcognised at their settlement aMo￿nt.
FinAllci#I lll$truments
The Charity has financial assets financial liabilities of a knnd that qualify a5 basic fjnanctaj instruments.
Basic fin&ncial instruments are initially retogrtised at tr4n5a¢tion valuc and subs¢quenÈly measured at th¢ir
settlemeni value.
io

Th¢ PeaT50D Centre for Young People
Notes formÈng p*rt of th¢ Fin•nd*l St#t¢m¢ots for the y¢*r ended 31 M*T¢h 2024 Icontijtued)
Taxxiio
Th¢ Charity is exempt from lax on ils charitable activities. The Charity also rents its rooms to other local
children's activities whi¢li satisfy the obj¢ctiv¢s of th¢ Charity. The Trust¢¢s hav¢ r¢vi¢w¢d the Charity'5 trading
activities and 8r¢ ¢onfident that thcy furtherthe CharÉty's aim5 and, as such, are considered to b¢ primary purpos¢
trading.
Fund accountlrtg
Urtrestri¢trd funds can b¢ used in accordance with the charitable objectives at the dÉscr¢tion of the TNstees.
Restr*cted funds ¢an only b¢ used for particular r¢strict¢d purposes within th¢ obj¢Gts of the Charity- Restrictions
arise when spccifi¢d by the do[￿r OT when funds are raised for particular restricted purpose$.
Further explanation of the natur¢ and purpose of ¢&h fvnd 15 in¢lud¢d sn tht notes to the firkancial statements.
t>onated Servi¢e& Good And Fgtilitits
tk>nated services or f#ciliti¢s are Te¢ognised as in¢ome when the Charity h#$ control over the itern, #ny
condittons assoGiated with the donated item have been met. the receipt of economic benefji from the use by the
Charity of the item is probable and that economic benefit can be M￿ured reliably. On receipt. donated setvices
and facilities are re¢o8ttised on the basis of ihe value of the 8ift to the Charity whi¢h is the amount the Charity
would hav¢ been willing io pay to obtain s¢rvic¢s OT facilities of equivalent economic benefit on the open market.
a Go￿¢Sponding amount is then recoEttised itt expenditure in the period of receipt.
Pen51on eosis othtr post-retir¢ment benefits
R¢iir¢meni benefits lo ernplo>'tts of the CQTnpany are Provid￿ by th¢ L(d (k)v¢¥nTn¢nt P¢n5ion S¢h¢m¢ {LGPSI
which i5 a defilled b¢n¢lit s¢hun¢.
The LGPS i5 a funded scheme and the assets are held separately from those of the company in separate Irustte
administered funds. Pensiort scheme assets are meL8ured at fair value artd liabilities are me&stsred on an aciuari
basis usin8 the projerted unit rr¢dit tnethod and discounted at a rate ¢qUiVAl¢nt lo the curr¢nt Tat¢ of return on a
high quality corpoTaie knnd of equivalent term and currency to th¢ liabilities. The actuarial valuations are
obtain¢d at least triennia]ly and are updated at each balance sheet date. The amounts charged to th¢ incom¢
statement are the curt¢nt serYi¢e costs of stheme irttmductions, benefrt Charges, s¢ttlem¢nts and ¢urt•ltnents.
They are intludtd as part of staff costs as incurrcd. Nd interest on the net defined benefit obligation aTrd interest
inrotn¢ on th¢ scheme assets. calcul&ted by multiplying the fair value of the scheme assets at the be8inning of the
Period by the rdte us¢d to distollnt the benefit obligations. Th¢ diff¢r¢n¢¢ betwe¢n th¢ int¢re5t In￿Me on th¢
scheme &88ets and th¢ Teturn on th¢ ￿h¢￿t a5s¢ts is ￿ognIsed in the income statement. Actuarial gains and
losses ar¢ rewgnised tmmediately in the incotne statemenL
The actuary h&8 produted th¢ pertsion disclosures based uport IAS19. The resulting p•)5itsn sch¢m¢ liability has
teen Érdtt$ferd to a separate pension reserve in ord¢r to ring ftnce the liability.
Investments
Listed ittvesthientx h¢ld a5 Cur￿nt a55¢ts ar¢ r¢valu¢d throughout thr y¢ar at mid-market value at the balance
sheet date artd the gain or loss on revaluation and di5tK>sals tsken to tht Stat¢m¢nt of Financial Activities.
Investment Property
Investment PTQPerty ts shown at most recent valuation. Atly aggregate surplus or deficit aristng from ehhnges in
fair valu¢ is recognised profjt or loss.
The directors hav¢ ¢onsid¢r¢d the fair Value uf the i#V¢Stsnent pmperties to be £460.000 at the T¢W>rting date.
This f￿r value ha5 been calculated based on historic purchase price and review of tre[￿5 in the property market.
No prof¢ssional valu8tioN has been obtained. The methods and signsficant ￿SuMptiOnS applied in determjnirtg the
fair value of the investment property include co#sideratiott i#io: property mork¢t tr¢ttd$ 10¢81 to th¢ ittve$tmertt
property and rtc¢rt¢ property 5&1es loGal to the iJ)v¢stment property.

The Pe4rson Ctntre for Youkng Peopk
Notes fonning p*rt orth¢ Financial Stxtements for the y¢ar ¢lld￿ 31 Mar¢h 2024 (Continuul)
Judgement and Sources of Estimation UncertAinty
The preparation of accounts using generally a¢¢ept¢d accounting principles requires mana8emens to mak¢
estimates and ￿sumptionS thai affeci th¢ TePOrt¢d amouTrts of asses and liabiliti¢$ at the dai¢ of the a¢¢outts and
¢he reported arnourtts of r¢v¢nu¢s and expenses during the reportirtg period.
The key estimates and 255umptions used in th¢ Financial Siatemetkts are detailed in the accountÉtJ8 wli¢i¢*
2A. Doth*tion$ ind ￿¢1¢5
Totsl
2024
RestTiCttd Unrestrltted
Dothaiiotts
Gifi Aid
Rettt of House
Bill Holmes L¢ga¢y Fund
1,174
1,174
598
862
28.750
1.258
32,786
243
32,786
243
34.203
2b. Incomt from Charltgble Ae¢lvltles
Restrlcted
Totsl
2023
Subscriptions
Surtdry Receipts
Ptyntomime In¢ome
CAnt¢¢tL Incornt
Development Work It)come
Camp
Sale of Urtiforms
AGtivity Inco]ne
Western Power Incom¢
2.953
18
2,276
762
36,408
6.649
2,953
18
2,276
762
36.408
6,649
3,534
92
2.423
1.143
34,5
7,199
948
948
730
2£. IAeome from Other Tr*di#g Aetivities
Tot81
2023
estr
2024
Room and Ground Hire
3. Investment Ineome
Tot8E
2023
2024
Investment ineome
GainsllLossesl on Investment
51,641
48,840
7,211
56.051
ot41
Tot*1
2023
Net ineome 18 Stated after ¢ha]Etrtg-"
Independent Examination Fees
her Payrnents to Auditors for Accountancy
and Payroll Servic¢s
Depreciation
2,772
2,640
1.548
17,140
1,608
16,630
12

The Peiraon Celltre for Young People
Not*s forming pHrt ofthe Fin*ncial Statements for the year ended 31 March 2024 (Continued)
4. CbArlt*bl¢ Activities
Total
2024
Totsl
2023
Funds
Restricted
Unrestriettd
Wag¢5 and Expenses Payments
Social S¢curity Payments
Penstons
Sundry Pur¢hases
Cant¢en Expenditure
D¢velopment Work Costs
Bank Charges
Ittvesim¢nt$ Management Ftts
Posiage. Printin8 and Staiion¢ry
Sundries (including v¢nding
maGhTn¢ I cleaning}
Running Costs of Retttal Property
BB Awards
Bill Homes L¢gacy Fund
Subscriptions and Licences
TT&iJing
A¢tivity Costs
Volunteers Expenses
Pantomime Expertditur¢
Camp
C4pit&tign F¢es
59.352
3,231
6,624
137
665
10.046
50
59.352
3,231
6,624
137
665
lo,￿6
50
9.106
637
56.441
2.733
1,554
1.486
7,431
53
9,316
1,003
9,106
637
11,389
5.254
243
303
738
266
3.446
11,389
5,254
243
303
738
266
3.446
10.996
3,938
786
932
1,294
6,568
620
1,622
8,413
1,551
19,875
19,875
135.984
128 314
Other Expenditure
Health and Safety Cost
Wage5 and Expense Payments
Social Security Paym¢nts
Water Rates and Rates
Insurnnce
Light and Heat
Telephon¢
Repairs, Mainlenanc¢
and IT Equipment Eieplaeement
Advenising
Improvement to Pmperty
Depreciation
lttstrumenis Dep￿ri8t]0n
Equipment D¢pr¢¢iatioo
B4Jildings D¢pr¢ciation
Audit and Accounting Fees
Le8al and Profe$ssoDal F¢¢s
61.758
61.758
50,223
808
3.018
8,555
12,389
2,473
5254
5.254
28,120
2,754
28,120
2,754
17,236
903
t7,236
903
23,820
874
5,361
5,361
6,308
4.271
7.500
4.320
4,271
7,500
4,320
3,025
7.500
4,254
149085
149.085
129038
13

Th¢ Pe¥r50n Centre for Young People
Iyotes forming part of the Flnatttlal Statethents for the y¢*r ¢Rded 31 Mxrtb 2024 {¢ontinutd)
6. Trnst¢¢s' Rtmuneration and Benefits
No truslee5' remuneration or other benefiis have beett pkid for ¢h¢ year ¢nd¢d 31 March 2024.
Trystt¢s' Exp¢n
No trustee5' expenses have been paid for the year ellded 31 2024.
7. Stsff ind Support Costs
2024
2023
W88es *)d sal8Neg (including expenses poyments)
Social Security ¢OSts
Other pension costs
119.748
3,231
06,134
3,541
084
121759
129 603
Th¢ average number of staff paid for the year was 9 (2023.. 11).
No employee earned £60.000 per annum or more.
Total remuneraiion of key manag¢m¢nt P¢T50nn¢l for the year cnded 31 March 2024 was £39.352 {2023=
£56,441).
Th¢ number of ¢mployeesto who retirement benefits were a¢¢wiog w¢r¢ 45 follow5:.
Defined ttn¢ftt sch¢me
(2023.. 11
The staff costs aLN)ve include tim¢ speni running The Pearson C¢ntre &nd the costs of this are attributable to
the Chaiity's trading artivities.
8. Tanglbk Fixed kn8ets
Land *thd Improvethents
Building5
to property
Instruments Equipmett¢
Tot#ls
COST
At l April 2023
Addition5
At 31 March 2024
950,000
248,020
4,782
252 802
2.664
376.055
9.250
385 305
1,576,739
14,032
1,590.771
950 000
DEPRECIATION
At l April 2023
Depretiataon Charge
At 31 March 2024
66.000
7,500
212,277
2.627
363.950
644,854
17.140
661.994
217638
2.634
36822L
NET BOOK VALUE
Al 31 March 2024
At 31 March 2023
876,500
884,000
35.164
9,280
37
7,834
12,105
928.777
93 1,885
L•Jd with a vAl￿e of £200.000 was Éncluded within land and buildtngs aJ)d DO¢ depre¢iated, the property
known as the Pearson Cenire w&$ revalued by CP Walker & Son (pn thr 8 O¢tob¢r 2019 to ensure the correct
value at tratssfer w&8 atttibuted to the PToperty.
14

The Pea￿￿ Centr¢ for Young Ptople
Notes foming part of the Finantial StAtemeRts for the ytAr ended JI M&reh 2024 {totttinutd)
89. Investment Prop¢rty
2024
FAIR VALUE
At I￿ April 2023
And 3151 March 2024
460,IX)O
NET BOOK VALUE
At 31* March 2024
460.(K)O
At 311¢ March 2023
An investm¢nt prop¢rty was r¢valu¢d by th¢ dir￿tOrS at th¢ balance shcct date at an open market value. No
irtdepeod¢nt valuation ha5 been performed. Assumptions applied are detsiled in note l of the accounts.
9. Stoeks
2024
21123
Stocks
337
723
IQ. Debtors
2024
2023
Trade Debtors
Prepayments
Other DebtOT5
3,53S
1.461
162
5.158
2.875
4.018
11. Curr¢FJt As8et IDveslments
2024
2023
Investsn¢nt$ (Stock exdjangel
.969.117
1.843.924
As$e¢ Invtstments
Listed OD
Stotk
xehong¢
MaTk¢t value at l April 2023
Investment ittcome
Unrealised gainsl Ilosses) at 31 March 2024
Cost of irtV¢5tment
Transfer from Fund Balance
1,843,924
57,546
175.154
IY, IlJ7)
Valuation at 31 March 2024
1969.117
Included within li5t¢d inv¢stm¢Dts is £10.208 of moni¢5 held by the Charity's broker. This has aTis¢n from
proeecds of selling investments durin8 the year that at the year end have not beert reittvested.
12. Cred?tors: $tt)oyttt$ f4lling dtye whhO￿ one ye4r
2024
2013
Trade Creditors
Other creditors
T&xation and Social securtty costs
104
3,836
15,606
15

The Pearson Cenlre for Youxg P¢D
Notes forniing part of the Fity*tt¢i#l Ststtwents for the yeAr ellded 31 Marth 2024 {eontinuedl
13. Movement in funds
Transfers
between
funds
At
31 M#reh
2024
Year Ended 31.3.24
At 1.4.23
Net naovemellt
In funds
Unrestricted
General fund
Pen%irJn Re*erve
Capital Funds
1.552,206
17.0001
1,843.924
(144.309)
{145,000)
223,593
98,4IK)
1,506.297
{152.OIKbl
1.969.117
198,400}
TOTAL FUNDS
3389 130
3 3224t4
Tr*n5fers
betweetE
funth
At
Year Ended 31.3.23
At 1.4.22
Iyet movement
in funds
31
2023
Uffjr¢sITiCt￿ funils
General fund
Pellsion ReSe￿e
Capital Funds
1,566.824
(197.000)
2.101.537
{14,618)
190.Ii00
{257,613}
1,552,206
(7,000)
1.843.924
TOTAL FUNDS
3.471.361
3.389.130
Net movement in futth. Including th¢ above are as folltsws:_
YwEn
ed 31.3.24
Bglanee
Blfwd 1.4.23
Illeomittg
rtsource5
R¢sour¢e$
expended
Gain5 and
losses
Movement
In fyMd$
Unrestricted fundB
General fund
1,545,21)6
131.654
275.963
146,600)
1,354,297
C4pitsI fund
1.843,924
125,193
1.969,117
TOTAL FUNDS
3 389.130
256 847
46.600
3 323414
Year Ended 31.
Balanee
Blfwd 1.4.22
JneomlDg
r¢source5
Resources
exwded
Movement
ID fvjds
Unrestricted funds
General fimd
1.369.824
128,154
1248.0361
295,264
1,545,206
Capital fund
2,101.537
1257.6131
1,843,924
TOTAL FUNDS
3 471361
128 154
505 649
295.264
3389 130
14. Volunteers
During the year around 80 to 90 people gave their t¥me to the Charity with no personal flnancial b¢rt¢fiL in
order for the Charity 10 op¢rat¢ smoothly.
16

The Certtr¢ for Youtsg People
Notes formlng p*rt of the Flnantlal Staiement$ for the ye•r ettded 31 M#reh 2024 (tontI￿￿e￿)
IS. EzDployee benefit obligAtions
The Company contributed to È defined benefit pen$iott scheme. The assas are held and #dministertd by the
Nottingh2mshiTe County CouDGiI Pension sche￿¢. The p¢nsion cost charge repr¢s¢llts contributions
payoble by the Company to the pension schemes and amounts to £6.88612023.. £12.0841.
An actuarial valuation w&8 carried out for the defin¢d benefit scheTne by Barnett Waddingham by rollirtg
fotward 10 31 March 2024 the value of the employers Itability calculated for the funding valuation as at 31
March 2021 using financial assumptions that comply with FRS102. The valuations are ￿le￿Iated every
three years the last orte beirt8 on 31 Marth 2Q21.
The amounts recognised in the bal*)ce sheet are &$ follows.'-
2024
20
Present value of furtded obli8a¢ions
Fair y￿Ue of plan a55¢ts
1383,000}
{238,0001
1152.000}
{7.0001
Prc5ent value of unfunded obli8ation$
Defjcit
Net Liability
152.000
152,000
16. Trustee Jndemnlty ltt$uran¢e
The Charity held Trustee Indemnity insurance. which is now held with ihe new entity. The scheme
provid¢d annual cover of a maximum of £1,000,000, with a* excess of £251J. The prernsllm Is paid wilh th¢
total insura0¢¢ p)11￿.
17