THE PEARSOW C£TRE FOR YOUNG PEOPLE TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 4RCH 2025 Charity Numbtr 1176819
The Pearsoll Ceatrt fotr Young People Report of the Trustees for the yeAr ended 31 March 2025 Th¢ Tn1¢¢$ presenl Ibesr anllual repon and finaulial statements of the Chariry for the yeat ended 31 March 2025. The finattcial Siatemtnis have been prepared in accordance wilh the accountillg policies sei out in noie I to the accouftts a¢¢ounts and comply with the Chority TTUSt Deed, the Charities Act 2011 alld Acco#11¥ and R¢porting by Charities.. Svdiement of R¢cornrll¢nded Prdciice applicable to chJriti¢s pr¢paring their acrounts in atcordattce with the Financial Reporting Slandard applicable in th¢ L'K and Rwublic of Irelattd. OBJECTIVES AND ACTtVITtES FOR PUBLIC BENEFIT Collstitution and ObJt¢tive The object of The Pearson C¢ntre for Young Pcople is to provide leisure time artivities for children alld young pcople from the age of four yws old through Ihe auspices of The Boys. BTSga(k and The Girls, Brigade, iogeiherwiih other childrcn and youn8 people of that ag¢ irl Be¢ston. Noiiinghamshire. and the surroutjding area. Actions a5 a r¢sull of the ChArity... Will incr5¢ the skills. expectatjons, 2nd aspirations of all ihe young people we WO with and provid¢ them with an aLllVt voice with which kn inlluence, guide. and grow. Invest in Iraders ad volunteers throu8h trnin1 and support io develop their fvll poienual sn leading ¢hildren and young people. Provide a safe environment for young people to be valued ajjd d¢vel¢)p. For refereJJc¢ purposes= 17th Nottingham Boys, Brigade- 'BB' 30th Noitin&ham Girls, Brigade- The Boys, Brlgade The advancement of Christ's Kingdom among boys and the promotiott of habits of ob¢di¢nc¢, r¢verence, di8cipline. self-respect and all that rends toward a true Christian Manltrte8$. The Glrl$' Brig#de To help gir15 become folÈowers of the LoTd jes Chn'st. aajd through self-control. rever¢nc¢ and a sense of r¢sponsibility, to find tnke eich[nellt of lif¢. All the 5eciioDs of The C¢ntr¢ hav¢ continued to provide a wide r3nbT of progtammes aimed ai both meetitlg the Te$ptiVe Brigade award stwctures and providing additional activities as requesred by the young p¢opl¢. The property is 2voilabl¢ for the use of those groups previously laid dowTr in th¢ controlling Debenthjre as well as oihen, particularly ihose itsvolved ill youth and sporting 8¢tivitl¢5, social and leisure aciivilie$. Safeguarding Th¢ Pearsott Centre tskes ils duties under the Children Act 1989 seriously and hts &ppropriatc procedures and Staff appointed to Tneet it5 dutie5 uEjer the 1989 Act. If a reasonable suspicion 18 raised about th¢ pn)iection of a child under Ihe agt of 18 yeaTS. The Centr¢ will undertake i(s duiics usitt8 IIS PToc¢dur¢s. The ManagettJ¢nt Committee has a policy to vet all IhoK who have the r¢sponsibility for the ¢are of thildren wiihin ¢85 of its responsibilitie5 to coroply Wlih the Protection of Children Att 1999. The Charity TTU$te¢s have referred to the guid*Jce on public beH¢fit and confirni ih&r the provisiort of The C¢niT¢ for use by the general publjc satisfies the requirements laid down. The Charity Trustees cothfimi that Ih¢y have complied with their duties und¢r 2011 Charities Aet with regard ¢0 public be5J¢fil.
The Centre for Young People Report of the Trustees for the year ended JI Marth 2025 (Continued) ACHIEVEMENT AND PERFORMANCE Results And Rtvlew of Operatlo The Pearson C¢lllr¢ for Young People cstablished overdll deficit posiiion before unrealised gait(]05s¢s) on the PT¢w$ion of Lrs activiiies for the year of £51.241 Realised and unrealised losses and gains on inve5tmetLls decreased the d¢fi¢it in thes¢ fIgUr itl Ibe accounts. Chalrper50n Report Th¢rc have becn a number of stsff rhange5 over th¢ ye. which bought It's ¢h211¢ng¢s. Laura join¢d in December iii the ttew Bu5ill¢SS tkvelopmcnt & oifjce Matsaget role. However. in tht early part of 2025 Calvin's heklih continued lo d¢t¢riorate and h¢ sadly passed away In May. Satah has brilliantly kert up the lead on the finan¢¢s and w¢ hav¢ w¢leomcd Carlito 10 the i>ffire who 15 completlng a Customer ServiLe tppreniieeship. which helps lo add lo our youth work within th¢ Centre as well as supponirtg Ib¢ offtce tearn. The TTUSte¢s have c•ntinued to mov¢ th¢ charity forward thrOghoUl the year. Both rneeting rooms have been fully refurbished and l<)oking great. W¢ have also had the trees removed from the ar of the astroturf pilch. 10 help pr¢s¢rv¢ th¢ piayiTrg surface. In¢om¢ from f51ty hire growtt over th¢ yeyr with the addition of some new regular groups. The gy5 into the group take their plo¢¢. Our dedie&ted stsff team has Continued lo deliver engagin8 and exciting a¢livities. serving as positive ¥ole mod¢ls for the boy5. Most of our sessions F*ave drawn from the BB attivity programn)e ar tnade fvll use of the excellent fa¢ililirs within our building. Highlights of the yeaT in¢jUd 2 fantastic turnout for our annual pantomitn¢, The Wizard ofoz. and a simil&rly strong otteDdanc¢ ai our camp in Wales. Weekly meetings have CQDtinu¢d to offer a vèried programme of activitie5 and badgework. We extend huge IhaDks 10 all Staff, wtK> LOllSiSt¢nily go above and withoui ¢v¢r n¢¢ding to be askcd. They give 80 much to the young people and ar¢, in ev¢ry sens¢. an in5piralion themselves.
The Pearson Centre for Young PÈ•ple Report of the Trnsttes for the year ended 31 March 2025 {Contlttued} Glrl%' Brlyde Report Within the 30th Nottir)gham GB. ¢aeh section u5e5 th¢ bad8e sy$t¢m as set out by GBCO as a basis fot th¢ir bad¥¢-WQTk along uqth games. cnfts. 8Ctiviti¢& and trips ou¢. The development worker plays an activc pèrt in all 5¢Ction5. There has beett a we¢kend resideniial for the 10 plus a8¢ group5 and a 51eepov¢r for the under 10 88e group and both were very successful. The annual rtside]Jtial. thi5 y¢ar to South Wale5. was well altled attd th¢ feed.back w05 V¢ry P05jtive. The atmuÈl pantomime Wi?ardif> Oz, wa8 popttlar with th¢ young people and w¢ll supported. The GB Team Lead¢r ha5 a gd stsff team who work hard to promote the company and maintain the membership. Thanks go to them for the hard work and commitsn¢nt throughout tlle year Jt is very much appTcciated. Development Work The C¢JJtr¢'5 Development Programme has b¢en in full swing throughout the year. Holiday club h&8 operated in each sch¢xil holiday with four weeks TUD in th¢ 5Utn]n¢r holidays. Ov¢r the Suttuner, theTe was grj av¢rage of 43 art¢ndees per day, WJ I IfroTll th¢ prcyious year. After school clubs have been very tx)pu13r, with waittn8 lists oper3UOll foi some ovei Subscribed groups. Afi4 left th¢ Centr¢ in July. but we have been joined by Hutnaira for after school and holiday ¢lubs, who is 5ettlin8 in well. She also works as a teaehitig assistant #i RourLdhill. so knows many of the children irt our dev¢ltspTTheTht ptogram. The P¢8rson C.entre for Young People is extremely grateful to all th05¢ who generously donate their tLme through v()lun*¢rtng. We have continued 10 hBv¢ sdellts join us from Alderman White. Chilwell S¢hool and WilsthoTpe Sch¢)ol who undertake their seTvice element of their Duk¢ of Edinburgh's Award ai the Centr¢, iog¢ther with students from the University of Nottinghjtn. Cetre Report We have been pleased lo have a large number of regular #nd one4>ff bookings througtLOUt the year. From chTrldr¢n's partie5 to dance shows we have been h05t to a huge Tang¢ of evcnis and our regular 8TOUPg are popular and well attended, with arouttd 40 co]bmunily gTOUPS charities and businesses holditig reguigT $e$sions here over the year. W¢ are particularly plea5¢d to hav¢ welcomed several new 8roups focused 00 young pwplc. including a new d&nce group. tutOTing COpanY and Foxwood School, who have had regul 5C5sions in our youth gym. We have digilis¢d our biKikitLg forn. makiti8 li easier for ¢ustom¢tS to ake their booking requesis. ajd we 8r¢ ith th¢ pr55 of moving over 10 a rtew bookings rnanHg¢rnt 5y5tem. We hawe al$0 rnoved over lo d new cloud based accountinB systetn, whi¢h will rnake transp4r¢ncy easier tbroyghout th¢ y¢ar as well a5 Speeding up and s2mplifying a lot of Ihe bookkeeping proc. The Pe4r50n Centre Volunteer Team Without th¢ generosity of the pcople below the Charity would not be able lo achieve its objecr. We are most appTe¢iative of all their time and hard work over the last 12 months.
The Pearson Centrt for Youttg People Report of tht Trnsttes for the vexr ended 31 Marth 2025 IConthnued} FINANCIAL R&VIEW luvestment Poll¢y and Objwlives Th¢ Chariry TNst¢es are committed to È safe inv¢5tment of funds whilst reiaining accessibility, The invesimcnis from the sal¢ of land from the S H Pearson Tmst ale assignd to Raihbolle Brothers plc, an Invesimetsi martag¢Jnent compally. who have discretionary inv¢5tment powers. Thc tothl held at 31 MaTch 2025 was £1.656,87712024.. £1,969,117). Investment Performgn¢e The Charity Trusre¢s are satisfied with th¢ inv¢5tTfL¢llt perfornwJc¢ of the Fund MattageTS to th¢ Trusl, and T¢cogtLiS¢S the ditricult etortomic VIrOnment in wthich they have acia. The gener21 aitTr is io grow ihe invested assets for the longer terni in respect of real income It capital gtowth to achieve a return itt excess of RPI plus 3 /, A balallced objective ba8 been selectsd irt order that the portfolio is managed irt a way thai gives good diversificaiion between diffeTent assei classes and can Hchicvc thc aim of the portfolio. Giv¢n th¢ nature of the fi2nds. tiwre 1$ rto sp¢¢ifi¢ tim¢ horizon as all funds art ittv¢sted for the lo]]8 l¢Thn. Th¢ p)rtfolio is iovested for Browth tsf capital and Éncome in a way th8¢ repT¢seTits all ¥p¢cts of the world economy covcritt8 diffeiellt asset classe5 and countsy diversificrttion. It IS jDvest¢d 75Q/o in equitLes' collectives and 8rowth stork5 to achi¢ve the capital growth desired. The balan¢¢ af 25.10 18 in fixed interest and diver&ifJeT iUV¢Stm¢nts. Direci investttleors fft Amiam¢nts, d¢fenc¢, alcohol alld iobac¢o 8T¢ JlQt allowed. Reserve¥ Pollcy Tbe Charity TNsiees. hkve b¢etL conscious of the ditTicult recurTing financial Sults, and identifjed a Policy of keeping ullder T¢VieW a TniniTnum requirement of twelv¢ monib5 CQSt5 of op¢ralions being available t Ju¢c risk of any insolvency Currit>8. The Chanty holits £175,040 in T¢r¥¢ In the b¥mk accounts. Th¢ lrtv¢$tm¢nt funds 3r¢ only allowed to be spent on costs thai meet the charitable aims attd approved by the Custodian Trustees. The invtslment nd has to temain at its opening balance or higher. Th¢ custodian trustees havc agreed ihat some of th¢ fi]nds ¢an b¢ u%d to replace old and worn equipryenL The reserves policy will be reviewed on annual basis. IU$k MAng¢meDt Th¢ Charity Tnjstegs havr conducted a review of risks associated wtth the ChaTily and hav¢ id¢nlif¢d the tnajor risks to whi¢h it l5 eKP05ed, in particular those reloied to th¢ operations and finances of the ChaTiry. The Chatiiy Trvsle¢s are saiisfled thai systems ate J)ow in pl8r¢ to mitigai¢ the Charity's expostsre ifi the m8jor risk$. Fllre Development The c0Jniti y¢aT will locus on buildittg up numbers withiTL the Boys Brigade and Girls Brigade membwship u$iDg outreach and cross-promoiiort with other C¢Thtr¢ US¢T groups. The development programme will look to expand and develop fikrtber, ideally through recruitment of adult voluntcers to support th¢ short-tenn DotE velunieer intake$. The m8rkeling of Ihe Cenire will coniintse 10 be supported by the ongoing buildinR refvrbishrn¢Dt programrne so that we can In¢re&se room bookin8$, focussing un daytime &¢iiViiies itt the und¢r-utilised rooms such as ilLe dattce $tudio and me¢tillg rooms.
The Pearson Centre for Young People Report of the Trusttes for the yt#r ended 31 Marth 2025 (Contlnutd) STRUCTURE GOVERNANCE AND IIANAGEMENT Governing document The P¢arsoJJ C¢ntTe for Young People is eontrolled by a CoDstitution of Éts Charitable Incorporated OTgBnisatlOn 518tus, dated 24 January 2018. MANAGEMENT COMMITTEE ICHARITY TRUSTEES) In lin¢ with The Pearsott Centr¢ foT Yowjg P¢opl¢'s constitution, Charity Trnee$ are active And continually support the day-toJay Nnning of The Cenire, and dettde on ne¢¢ss8ry aclioTJS to achieve the objectives of th¢ Charitable lllcotporad Orgajjisalion. Th¢ Charity Tte¢S shall include the following.'- A lead¢r of the 17° Nottingham Compwy of The Boys, BTiga(k. A leader of the 30th Nottingham Company of Th¢ GiTls' Brigade. The first Tru$ie¢$ of The Ceulre id¢niified in the above theoiitsn¢d CoR5¢itution ar¢'.- Andrew Bunyan Andrew Taylor John Wilson Attdw Bunyan Ka Jowett Cknaszper50n Vice ChairyJ¢r50n TDJStee Captain of th¢ 171& Nottingbam c1panY of The Boys. Brigade Team Leader of the 30 Nottingham Company ofThe Girls, Brigade Recruitment and aPIntt of Ch4rity Trustee5 The Charity Twstees seTve for a d¢fin¢d period, deierniined by the Cortstitution. At th¢ quart¢dy Management Committee m¢¢ting, mctnbers agTee the bro&d styaiegy and 8reas of activity for the Charity and wh¢n considered necessary make repr¢s•)tations to the CUStJ1aTh TNstee in areas of inv¢s¢m¢ni, reserves and risk managemerti policies. The Inductloll amd tT#ill2Dg of Charlty Trustees Charity TnJ$tee$ und¢rgo all induction io bnef them on IheiT legal obligations under Chority Law, their obli8atious und¢r th¢ specific uijsi. &$ well &% the op¢raiing proc¢dur¢$ and financial management and perforn)anc¢ of the Charity. The Cbarity Ttustees r¢¢¢Èv¢ g¢n¢ral tee trdilling at regular intervals in order to maintsill tbcir knowledge on the neGe5sary govemèncc requirements L$50ckated with th¢ir offic¢. RELATED PARTIES Th¢ Pfar50n Centr¢ has links with the followitt8 or8ani$ations'.- The Boys. Brigade Headquarters- repT¢S¢lltativ¢ of Custodwl Trustee The Boys. Brigade and The Girls, Brigad¢ nationally
The Person Centre for Young Peopk Report of the Trustee5 for tlhe yer ended 31 Mar¢h 2025 {Cotbtlnuedl Rtferenee thd Administrative Informatlo CHARITY NAME: The Pearsoll Cenire foT Young Peopl¢ CIL4RITY REGISTRATIOTrI NUMBER: 1176819 PRtYClPAL AND OPEIUTIONAL ADDRESS.. 2 Nuari Road Beeslon Ottiogh3m NG9 2NH CUSTODIAN TRUSTEES: {a ¢(>mpiuJy Lirnited by Guaranieel The Boys. Brigade MANAGEMENT COMMITh£E {CHAIUTY TRUSTEES): Tbe Pearson C¢ntr¢ for Y4)ung People is mattaged by a MaDagem¢nt Cottunittee in litle with its constittLtiOn. The meFnb¢Th. of the Managerneni Commititt ivho served duting ihe y¢&r ar¢.. Chairperso•: Vice Chairperson: Boys, Brlg•dt C#ptln: Glrls, Brl8AdtT¢w l**dtT: Trnyttt5'. Atkn BuAy4fJ Andrew Taylor Andmv Bunyan K¥Jcn Jowett Thomas Jowe John G Wilso Carol Worren IAppointed 01.0820251 BUSINESS DELoPMENT AND OFFICE MANAGKR: IRespon$lble for d4y-tO-d4y running of The Centrt) Laura Beatdrno {AppoinTed 09.12.2024} BANKERS: operativt B8llk PLC Cllstomer S¢Ni¢es PO Box 250 Sk¢lJn¢rsdal¢ WN8 owr If4DEPENDENT EXAMINER.. Mall Brady TC Group Cliffe Hill Hou5¢ 22-26 Nottingham Road Stapleford Nottin8ham NCJ9 8AA INVESTMENT ADVISORS.. Rathbone Investment Matt¥8ement 8 Ftrtsbury Ctr¢us Londi) EC2M 7AZ
The Pearsoth Cetttrt for Youfftg People Report of the Trustee8 for tht ytar ended 31 March 2025 (Continued) STATEMIIYT OF TRUSTEES ii&spof4siBILITIES The Charity TFU5t¢es are responsible For preparing the Report of the Trustees and the Financial Stalem¢nls in #ccordance with applicable law and United Kingdom Generally Ae<¢pt¢d Arcoullting Practice. The law applicable 10 ¢haTitie5 in England and Wales, ¢hc ChaTitie5 Act 2011, Charity (Account5 and Repoii&) Re8ulaij0115 2008 alld the provisioTr¥ of th¢ trust deed require the Tnjstees to pr¢pire financial $tatem¢nts for each financial year wbich give a tw¢ and fair view of the siaie of atYars of th¢ Charity and of the incoming OurCeS and Èpplicatiorj of resoujres, including the income and penditure of tlie Chatity for ihat p¢rtod. In pr¢paring those fancial statemell th¢ Manag¢Tn¢llt Trustees are requit¢d to".- scl¢ct suitable hccounting policies and then apply them ¢ottsistently> obseTve the m¢thod8 and principles irt Ihc c.harity SORP.. rnake judgements and egiimaie$ that are r¢a50nable and prudettl.. prepare the fJnxn¢ial stsl¢ments on the goitt8 conG¢Tll basis vn1¢s5 it is inappropnate t¢) presum¢ thai the Charity will continue in business. %iat¢ whether applicable accourtling standard5 have been follow¢d, subject to atty Inaterial deparnires that tnust be disclosed and explaiTh¢d tn the fJLancial statements. The Charity Tru$t¢e5 are T¢SPOtLsible for keeping ptope accounting records which disclose with reOnable a¢CUfBCy at any time ihe fJnart¢ial position of the Charity at)d 10 ettable them to en$ur¢ that th¢ financial 5tst¢ments comply with the Chatities Act 2011, the Charity (Accouttts and Reports) Rtgulations 2008 and the provisions of the tnLSI d¢¢d. They are also resrrt)nsible for Safegua8 the ass¢ts of the Charjty and hence for thking reasonabl¢ Sl¢ps forthe preventiots &nd det¢tfion of ftaud other irregularities. The Charsty Truste% are re8pott$ible for th¢ maintenance and integrity of the Charity and fJnaDcial information included on the Charity's w¢bsite it) accordance with legi$laiion irt the United Kingdom gov¢rning the prepaEaiiort and dissemination offjnaticial siaternents. This report has been PT¢PaT¢d in aecordance with the Si8¢m¢n¢ of Recomrnended Practic¥. Accounting and R¢portiNg by Chan'ties (effective January 20191. ON BEItALF OF THE MANAGEMF.P4T comfrEE AndTew BuDyatJ- Chairy¢r50n 1511112025 Date
Indtptndelt Ex¥miner's Report to tht Trustees of Tht Pearson Centre For y0kng People I'the CIO,) For the Year Ended 31 Mareb 2025 I report to the Charity TTUStcc$ on my examinaiion ofthe a¢count5 of tbc CIO for the year eDded 31 March 2025. Re$ponsibilities Bs%s of R¢port As Iht CbaTily TTUS1¢¢5 of the CIO you are respoosible for the preporation of the ac¢outtis sn Iccordallce with the requir¢ments of the Ciwitxes Att 2011 I'th¢ Act'l. I rewrt in respect of my examination of the Clo's accounts tarried out uttder Section 145 of the Act. En carrying out tny examination I have followed all appli¢able diT¢ftions givens by the Charity CotllmSS5ion uttder Se¢iion 14515)(bl ofthe 2011 Act. Independent EmIller,9 Ststement I have ¢ompleted my examinatiott. I confirni that Tho matters have come to my attentiott jii Wtuie¢tion with the exaTnination giymg me cause to beli¢v¢'. l.) Accounting Tecords w¢re Dot kept as requiMI by Section 130 of th¢ Act., or 2.1 The a¢counls do not accord with those ieLtird5. 3.1 Th¢ accounts hav¢ not been prepared in ¥cordanc¢ with the methods and priD¢ipl¢s of th¢ Ststem¢ni of Rectsmt]]¢nd¢d Practice for accountitig and Itwrtillg by rhariti¢S applicable 10 chaTitie$ prepaThng their accounts in accord¢¢ with the Financial Repot1ing Standaftl applicable irt th¢ UK and Republic of Ireland IFRS1021. I Confirm that Ihere are tx> matters to whi¢h YOUT attentio should be drawn ¢nable a pwper understanding of the accounts kn be reached. Dated. i Matt Brady FCCA TC Group Cliff¢ Hill House 22.26 Nottingham koad Stspleford NottiJ)gbam NG9 8AA
The P¢ar$ott Centre for Young People Statement of FinF4nciAI Actlvitles for the ye¥r ejbded JI March 2025 {IRtludlttg Illcom¢ and Exptndlture Aecoullt) Totsl FuDd$ 2025 Total F¥Dds 2&24 Uttrtstricted Fund$ CapÉl FuAd$ Urtrtstrlcttd FIRds Capitsl Funds Not¢• INCOMING RESOURCES Donatiotts and Lega¢ie$ In¢onK from Ch&rit8ble Aciiviues Ineomt frtsm Chh¢T TtadinB A¢iTrvilies IreiDlI Iocome Fund Rai51ng 45,777 72,167 45,777 72,167 34,203 50.014 34,203 50,014 2b 54,915 54,915 63.779 47,155 47,155 57.S46 282 63.779 57J46 282 TOTAL INCOlflNG RESOURCES 172859 236,638 131,654 57546 XPENDITURE ChAMtabl¢ A¢ti¥'ities Oth¢T 9,294 126,878 149.085 9,106 135.984 149.085 170.469 170,469 TOTAL KXPENDTllJRE 278 585 287 879 275 963 285 069 Unrealid GIÉDsIILo¥wl 166.419) 166.4191 175,153 FT Vaiut G1]18) o ITrve¥tmtni property 160,000 100,( Nrt Illeomellgipellditsrel 1105,7261 54.485 1144,3091 48,440 195,8691 TTaDsfer5 B¢tw¢en Funds 3,36 {31M).30 98,400 198,4(K)) ActikriAI Gain1(L•) fy D¢lln¢d Stntllt P¢ty¥ioM Sche¢ Ihe yer $ltttt tr*nsler of scheme 15 1145,Tr)01 1145,0(X>l Net Movetyaki Funds 354,580 1312.2401 42,340 1190,W91 125.193 165.7161 R¥CONCILAATIOiY OF FLINDS Tot&1 funds brought fonvard 1,334.297 1,969,117 3.323,414 1,545,206 1.843,924 3,389,130 TOTAL FUND5 CARRIED FORWARD 1 708 877 1656 877 3 365,754 l 354 297 3J23 414 The tleS on pa8es l I to 18 fomi part of th¢s¢ fulancial slatemetlts
Tht Pe*rson Centre for Young People Balanee Shttt as At 31 Mitth 202S 2025 Total Funds 2024 Total FuDds rt¥irl¢ted Fun Cgpital Funds Note5 FIXED ASSETS Tw)gible assets Fixed asset invcstments 912,580 620.000 1.532.580 912.580 620.000 1.532,580 928.777 8a 388,777 CURRENT ASSETS 728 6.499 728 6,499 1,656,877 175.1)40 337 5.158 1,969.117 117.376 Debtors Investmenis Cash at baok and itt hand 10 1.656,877 175.040 182.267 1.656 877 1840.823 2 091,988 CREDITORS 12 (5,9701 (5.970} 15.35L) NET CURRENf ASSETS 176 297 1.656 877 1.833.174 2 086 637 TOTAL ASSETS LESS CURRENT LIABILITIES 1,708.837 1.656,877 3.365.714 3.475,414 P¢n$lon Sthtme Deficit 15 (152,000) NET ASSETS 1.708 877 1656 877 3 365,754 3 323.414 THE FUNDS OF THE CHARITY 13 Unresiricied fiJttd5". Gener81 Fund Pension R¢s¢rve 1.708.877 ,506,297 152,(K)01 1.354,297 L,969,117 1.708.877 1.656,877 Capital Fund TOTAL CHARITY FUNDS 3.365.754 3 323.414 The finaD¢iAI stat¢ments were approved by th¢ Chanty TTUSt¢es on ......... signed on ils behaifby.. . 2025 and were The Chatity 1$ a Claaritable Incorporai&l Or8anisatioM ICIOI )nd qualifies for exemption from adit under th¢ Chariii¢s Aci 2011. No audit has been caEried oul in Te5P¢Ct ofthese fjnancial $Taiements A Bunym - ChaArwson A TayloT- Cotnmitte¢ M¢mber The notes on pages I I to 18 fom) part of th¢s¢ finarycial 5tat¢m¢Dts 10
The Pefirsoth Centr¢ for Young People Notej formltsg P#Tt of the Flnantlal Statements for th¢ year ended JI March 2025 ACCOUNTING POLICIES Basls of Prepgrstlon #sse5sment of golng conter Th¢ arcounl% Ifjnancial statemenisl have been pr¢par¢d in accordallce with Ac¢owiting #nd Reponing by Charirics.. Siaiement of Re¢omtn¢nded Practic¢ applicable lo chanlies preparing iheir 8ccounts in accordantt wilh the Financial Reporting Stalldard gpplicable in UK and Eiepublic of Ireland IFRS1021 cff¢cuve January 2019, the Fiuartcial Reporting SÈandard appkneable in Ihe UK and R¢public of Ir¢latLd {FR81021. and the ChaTrti¢$ Att 2011. Assets and liab?lili¢s are Initially re¢ognised ot historical cost or Iransaciion value unless otherwise $tst¢d in the rel¢vant accounting l1¢Y t)ot¢{s1. The Charity tonstitutrs a public benefit enlity as defit)ed by FRSIO2. The Trust¢es' consider that there are no material uncettainties about the Chaiily's Ability to COEStinu¢ as a goittB concern. Th¢ firn¢la1 statements are presetsied in sterling 1£). Incoming re50urce5 All incomi#8 resource$ are included on the Statement of Financial Activiti¢s wh¢rJ th¢ Charity is legally entitled to the inctsme and the atnount call be quat)rified with reasortable ¥ruracy. Resourtts expended ExpendiDJre is accounted for on an accruals basis and has beet) classifi¢d UTHter headings that ag8re8ate all costs related to the category Wh¢Te Costs cannot be directly atttibuted 10 particular headings, they have been allo¢ated to activiti¢s on a bgsi5 CODSJStent with the w¢ tsf r¢sour¢¢5. The Charity is not VAT regisicred therfoTe all costs include irrecoverable VAT. TaDgibRe fixed assets D¢precLatiott is provided at the following antlual rntes in order 10 writ¢ off ¢4¢h asset over its estimed usefvl THngibl¢ ass¢ts illiiially recorded at f95t, and 5ubs¢qu¢tLily stated ar eosi less any ae¢tsmuled dreCiatiOn and impairniettt losses. Any tsttgtble as5¢ts carrie41 al revalued amount$ are recorded al fair value at the date Of revaluation les$ wy sub$¢qu¢nt accumulaied depreciation and subs¢qu¢nt accumulated impairment 1088es. LaJ)d and builth'ngs Improv¢m¢nt to properny Instrnments Equipmetti - Ioh ott cost liand 1$ rtot depr¢ciatd) 15•/ts on iedu¢ing baJ8nce 20ts/ts on reducing balance - 20V/o on reducing ba]ance Stotks St<Kk5 )Te valued at the lower cost at)d net reallble value, after making due allowarttt foT obsolete and slow moving items. D¢btors Debtor5 are recognised at the settlement amothit owed to the Charity or prepaid. Credltors Creditors atsd provision5 are Tecognised where the Chatity has a pr¢s¢nt obligation resulting from a P3Sl ev¢nt thAI will probably resuli in the transfer of fullds to M third pany, and the amouni due to seiilc the obligation be rnWur or e51imated Teliably. Creditor$ and provision5 are norn1]Y recognised at their s¢tdffl)ent amoullt. Flttatttlal lustrurn¢nts The Charity has financial asset$ a[ financial liabilities of a kind thai qualify as basic Financial inslrum¢nts. Basic financÈal ISttMents ar¢ initially reco]ISed at transactiott vAlll¢ and 5ubkqu¢ntly measured al their settlemettt valu¢.
The P¢4rson Centrt for Young People Not¢s fomlng prt tsf the Ftnantial StAttments for th¢ y¢•r ¢n41ed 31 March 2025 Icootlnued) Twx4ti0Tr The Charity is exempt froin tax on its charitable activities. The Charity also rents its rooms to oihet loral Lhildren'$ 4¢tivili¢s which saiisfy ihe objectiv¢s of th¢ ChRriry. The Tru8tee5 have reviewed the Charity's trading activiti¢5 and ar¢ confldeni that they furth¢r the Charity'5 aims and. as such, are een$idered to b¢ primary purpose trading. Unr¢stri¢t¢d funds can be used in accordance with th¢ Gharitsble objectives at the discretiott of th¢ Truste¢s. Restricted fijnds only b¢ used for particular rcslricied purposes within th¢ objects of thc Charity. Restrieiiorts arise when 5p¢¢ifi¢d by the donor or when fijnds are raised for paCUlar restricted pllrposes. Further expiattation of th¢ ]]alur¢ and putP05e of each fund i& included Jn thr not¢s to thc fjnancial staieinents. Donated S¢ryire5. Cood Faellitles Donated services or fa¢Llities are recognised 45 income when the Charity has control over the im, any conditions associed with tb¢ donat it¢m bavc been met. the re£eipt of econo1¢ lTra]¢fit frotn th¢ ¥se by the Charity of thc item is probable and thal economic b¢t)efJl can be measured reliably. On Te(¥ipl. donated services and facilities are r¢¢(>gni5ed on the basis of the value of the gift to the Charity which is the amount the Charity would have b¢en w2lling lo pay lo obiain seTh'ices OT f3Giliti¢s of equivalent economic benefir o tbe open market,. a ¢OTr¢sponding amount LS then reColSed in expenditu in the peri of receipt. Petsslob costs other P05t-TetiremeAt benefits Retirement ben¢fiis its employee$ of th¢ company 8r¢ provided by the Local Government Pension Sch¢m¢ ILGPSI which is a defined benefit 5chem¢. The LGPS is a funded s¢h¢me and th¢ assets are held separdi¢ly from those of tlL¢ company Lll separate truste¢ adminjstered funds. Pension scheme assets zre me&%ured at fair value liabilities are measured on an actuatittl basis using the projecied unit credit methtsl and disrounted at a rate equivalent to the ¢uJreni rate of Teturn on high quality corporate trt)nd of equivalent t¢Ttn 4nd currency to the liabilities. The atfuarial voluations are obtained at least tr1eti811Y al are updal¢d at each balance sheet date. The amouEJts charged to the income staiement are the curr¢rti seTvi¢e ¢osts of 5ch¢tne illttoduclions. benefit Charges, s¢rtl¢m¢nts ond curtailments. They are included as part of sthff costs ag incurred. Net intere$t oll the net d¢fined benefjt obligatioo interest in¢oTll¢ on the scheme as5¢ts, calculated by multiplying th¢ fair value of th¢ scheme assets at the be8ittttiDg of th¢ period by th¢ rate used to discourtt th¢ benefit obligations. The differ¢JJce between the iniere$t incom¢ on the scheme a5scis and the rern on the ¥h¢Tne assets is recognised in the incom¢ stam¢nt. Actuari gains aa)d losse5 are recolsed 1mttt¢)Y in th¢ Èncolllc statcmertt. The actuary has produced the p¢nsion disclosures based upon L4S19. Th¢ resulting pension scheme liabi]ily has be¢0 STAnSfTed to a Separate pcnsion reserve its ord¢r to Ting fence the liability. The define benefit nln hne has ceased within Ibe year. Illvt$tth¢nts Li5t¢d investmettts held as curTtnt a5$¢ts ar¢ valUed throughout the y¢a¥ al mid-tttarkel valv¢ at th¢ balanct Sheet date and the gain or los$ on revaluation and disposals taken the Statem¢nt of Financial Activiiies. Investment Property Investmeot property is shown at m05t reCet valuation. Any #ggate surplus or deficit ariSLn8 from change5 in fair value is recognis¢d In profit or Ioss. The dire£tor8 h&ve ¢on$id¢red the fair value of the inv¢sun¢ttl PFopertie$ to be £620.LN)O at the reponin8 date. This fair Yalue has been calculated based on histtsric purchase price and review of trelldg in the propety tnarkel. No professional valuaiion has been obtsiTh¢d but estimate has been provided by th¢ lettg agents for guidance. The Jneihods and 818ttificatti assutnptiOll5 applied in deiermilliog the fair valu¢ of the ÈrLve5tm¢nt property include ¢onsider8tion into. prop¢rty m&rk¢t trends local to the Lnvestmetkt propty and rwent propffj sales local to the invest¢1 propty. 12
Tb¢ P¢#rson Centre for Youn2 P¢opl¢ Noiu formlng p*rt of tht FinAnclal Statem¢nts for the ytHr ended JI March 202$ {Cott¢IDed1 JudgtmeDt Key Sources of E$timation UTrtertainty The prepantion of accounts using generally accepted a¢¢ounting principles requires managemes)t to make tst&Jnates and assurnplions thai afteci ¢he teporied amounts of assets and liabilities Èt th¢ dat¢ of the accounts and the reported amounts of revenu¢5 and ¢xpenses during the reporting period. The key estimates and assymplions used tn the Financial S&tem¢nts are d¢tailed in the accountin8 policies. 2•. Donatfons aDd Legatles Total tx trieted Donations Gift Aid Rent of House B¥ll Holme% Legacy Fund 22,861 22.861 1.174 22,912 22,912 32.786 243 2b. Income from ChArltsbl¢ A¢tlvlt1¢5 Resttrltt nrtstricted Total 2025 Tot#1 Subscraption5 Suodry Receipts Paniomime Income Canteen In¢(>m¢ Developm¢nl Work Incom¢ Camp Sale of Unifom Aeiivity lrt¢fjme 4,950 13 1,826 706 50,853 12,323 102 4.950 13 1,826 706 50.853 12,323 102 2,953 18 2,276 762 36,408 6.(A9 948 2¢. Income from OtheT Tradillg Attlvltle$ Totsl 202 T(bt¥l restrficted RixTrm and Ground Hi 54.915 3. Inve$tmeDt IneoD Total 2024 2025 InY¢strn¢nt inwme GaIn{LO$s¢S) on Investment 50,683 13.096 63,779 51.641 Tot41 2025 Total 2024 Nei inromc i5 stated after charging'.- Ind¢p¢nd¢nt Examination Fees Other PayTn¢nts to Auditors for Accoua)tan¢y and Payroll S¢rvic¢5 D¢prcciation 2.772 1,763 16,197 1,548 17.140 13
The Pearsoa Centre for Young People Notes forming part of tbe Financial St4tements for the year ended 31 M#r¢h 2025 ICoDtlnued) 4. Ch4ritsble Activities Total 25 Tot#1 Fnnds e trE£ted Wages attd Expenses Paym¢nts Social Security Payments Pensions Sundry PurchLs¢$ Canteen Exp¢nditure Devclopmcni Work Co$ts Bank Charges Inveslments MaDaganenl Fees Postsge. Printing and Ststionery SundTres IILeluding v¢Dding mach)ne I clcanin81 Running c.osts of Rcntsl Properry BB Awards Bill Homes Legacy Fund SubscrEPtions and LiceD¢¢s TraLiiing Activity Costs Volunieers Expenses Pantomime Expenditure Camp Capivdtiou F¢es 56,013 2,469 1.742 3.282 1.650 10,991 83 56,013 2.469 1.742 3.282 1.650 10,991 83 9294 1,040 59.352 3.231 6,624 137 665 10.046 50 9,106 637 9.294 1,040 1.997 3.390 1.997 3,390 11.389 5,254 243 303 738 266 1,468 1.468 5,458 1267 1,558 12.470 3238 108 116 5,458 1,267 .558 12.470 3.238 1174lO 1.551 19,875 135,984 S Otber Expendlture Wages and Expense Payments Waier Rates and Rai¢$ 68.302 6,758 9,872 32.155 2.381 68,302 6.758 9.872 32.155 2,381 61,758 5,254 9,046 28,120 2,754 Light and Hear T¢lephon¢ Repairs, Nlainienance and IT Equment Replo¢eTnenl Advertising Improvetn¢nt to PrortY - D¢pr¢ciation ID5tnun¢nts Depreciaiio Equipment Depre¢iation Buildings DepKciation Audit and Accounting Ftts L¢gal &nd Professional Fees 28,631 28.631 17.236 903 5274 S,274 5,361 3,417 7,500 4.663 3,417 7,500 4.663 4,271 7,500 4.320 170,469 149.085 14
The Pe¥rwn Centre for Young People Notes formlmg part of the FSnAneial Stat¢ments for th¢ year ended 31 MArch 2025 {totttlthyed> 6. Trn5tee5' R¢muner#tlon Ind Benefits No tru5tce$' remuneration or other bertefits hav¢ b2 paid for the year ended 31 March 2025. Trnstee5' Expetties No ttwt¢es' eAFth8¢5 have been paid for the year 31 March 2025. 7. Stsff a]sd Support Co$t$ 2025 2024 Wagcs and salaries lirt¢luding exp¢nses pHyments} Social Security costs Oihei pension t05ts 124,315 2,469 119.748 3.231 128.526 129,603 The average nwnber of staff paid for the year w&s I112024.- 9). No rmploye¢ earned £60,0(M) per att#um or mote. Tota] reTnunerdttort of key maryagern¢nt personnel for the year ended 31 Mar¢h 2025 wa5 £35.71KJ12024.. £59,352). The number of employees who relltl 1)eFItS were accruing were as follows.'- Dered i)¢D¢fit s¢h¢me {2024.. 11 Th¢ staff costs above include tim¢ spent nujning The P¢arsor Cenire and the costs of this #re attributsble to the Charity's tradirtg a¢tiYitl¢5. 8. Tgngiblt F&i¢d Assets LaDd and Improvtment$ Bulldings to property Instrumtnts Equlpmetht TotAI8 COST At l Aprtl 2024 A41dilio]]s At 31 NIrh 2025 950.IXIO 252.802 2,664 J85.305 I,S90,771 950.IXIO 252.802 385.305 DEPRECIATION At l April 2024 Lkpreciaiion a)aTge Ai 31 March 2025 73.51 217.638 5274 222912 2,633 368,223 661,995 16,196 678,191 371639 NET BOOK VALUE At 31 March 2025 At 31 March 2024 869,(M)O 876.500 29.890 24 31 13,666 17,082 912,580 928,776 Land with a value of £21JO,IX)O was included Nthin land and build2ngs and not depreciated, the prop¢rty known as the Pearson Centre was revalued by CP Walker & Son on the 8 O¢iober 2019 to ei]sure the correct Yalue al transfer WÈS attributed lo the propety. l5
The Pe#r50 C¢Btr¢ for Young People Note5 formAng p•rt of the FIDantll Statements for th¢ yeT ertded JI Mareb 2025 lcontlbtdl 81. Investment PToperty 202$ FAIR VALUE At I" April 2024 Uplift p¢r valts81ioty And 3J¥l March 2025 460.(MJO 160,000 620,(h)O NET BOOK VALUE Ai 3] March 2025 At 3 1* MsT¢h 2024 460.IY)O tnvestment Property was revalued by the dir¢clO at the balance sheet d8te 81 80 opm market valu¢. No independent valuation has k.en perfonned but ¢stimate5 wert provided by the letting ag¢nt. Assumpiions applied ar¢ derailed in I1¢ l of th¢ ac¢ounts. 9. Stocki 2025 2024 Stocks 728 337 11). Debtors 2025 2824 Trade Debt5 Prepayments tler Dcbrots 4.959 1,540 3,535 1,461 162 11. Current A55et Investments 21125 2024 Investments {Stock exth¥ng¢) 1656.877 1,969.117 Awt Ihvestmeats Llsted on Stock Exehtsng¢ Majkei value at l April 2024 IDv¢sttnent Jncome Unrealised gatts Ilosse51 at 31 March 2025 Cost of In%'e8¢m¢nl TraThsfer from Fund Balance 1,969,117 63,779 (66.4191 19.294} Valuation at 31 March 2025 1,656.877 12. Cr¢ditors- amounts falung due wltlthi tsll¢ yeAr 2025 2024 Trade credito Other tT¢ditQT5 TaKaliou atld social se£urity wst$ 3.605 2,361 5,970 3.836 5.351 16
The Pearson Centrt for Voung People Note¥ formlng part of the Flnatt¢lal Statements for the year tDd¢d 31 M4rth 2025 (continued) 13. Mov¢m¢nt Att fund$ Transfen b¢tween tunds At 31 Mr¢h 2025 ar Ende 31.3.25 At 1.4.24 Net thovettket Unrt5tricted funds General fund Pension R¢s¢]ve Caplt&l Futtdi .506,297 1152,OWI 1.969.117 {97,726) 152,0(K> 111.934) 300,306 5.708,877 {31X),306) 1,656.877 TOTAL FUNDS 3 323414 3 365 754 Transfer5 between lunds At 31 M¥r¢h 2024 Year Ended -24 Af 1.423 Net movement ID fund5 Unrestritted fuDds General fijnd Pertsiott Res¢rv¢ Capitl Funds 1.552,2115 17.000) 1,843,924 1144,3091 {145,0001 223,593 98.400 1,506,297 {152,(K)O) 1,969.117 198,4Th)) TOTAL FUNDS 3,389,130 65.716 3.323.414 N¢t movcmeni in fvttds, including in th¢ above are as follows... Year Ended 3 .3.25 Bl#nce Blhvd .4.24 Ineomlthg Resources resourtes expended GAlns and TNnsfers between fuDds At 31 MAr¢b 2025 Unre$tritted fthd$ Geteral fvnd 1,354,297 172.859 278,585 160.(KM) 3,506 1.708,877 C•pltal Funds 1,969,117 63,779 9,294 166.4191 13Crf).3061 1.656.877 TOTAL FUNDS 3 323 414 236 638 287.879 3.365 754 Year Ended 31.3.24 Bal%nee Blfwd 1.4.23 InMI8 Resource5 r¢sourc expended GAlnJ and Trakn$f¢rs 1056es b¢twe*n fuudi At 31 Mqrcb 2024 Unrtstyicted funds General fund E.545,21 131.654 275,963 {145,(K)O} 98,400 1,354,297 Cgpltal Fuuds 1,843,924 57.546 9,106 175,153 198.4001 .969,117 TOTAL FtINDS 3 389 130 285 069 30,153 3 323.414 14. VoluDteer& Dutirtg the year around 55 65 peopl¢ 8av¢ their time to the Charity wlth no personal financial benefit, in ord¢r for the Charity to operak smoothly. 17
The Pe4r50n CeBtre for Youttg People Not¢$ forming part oftbe Fl&indxl Stxtement¥ for the yexr ellded JI MTch 2025 {contl•wed) IS. Employee benetlt obll%#tlon8 The Company contributed to a defined coutribuiion pension scheme. The pcrtsion ¢ost £horg¢ r¢presenls contribuiion8 payable by the Company lo th¢ pensioll schemes and amounts 10 £4J36 (2024.. £6,886). A5 al 31. Marcll 2025, the defined bett¢fil p¢n$itsn schetlle operated by ihe Company has been geiilcd and is no lon8¢T ongoinB. As & result, the pensxop liability and relaied assets have been dereco8rtized from ihe C<>mp&Thy's balance sheet #s of the 5¢ttlement date. The atnounts Tols¢d in the balance sheet are $ follows:_ 2025 2024 Pr¢s¢nt valu¢ of f¥Jnd¢d obligations Fair valu¢ of plan assets 1383,0001 1152.0001 Present value of wifvnd¢d obligations Defi¢Trt Net Liability 16. Tru*tt¢ Indemjhlty IRsMraDct The LTharity held Trustee Ind¢mDity in5uranc¢, whieh is now held with the new ¢ntily. The scheme provided aunual cover of & r(inuM of £l.000.000. with an eA¢¢55 of £250. The premium is paid with the totsl in$uran¢¢ policy.