BLAYDON YOUTH AND COMMUNITY CENTRE CIO
Financial Statements
For The Year Ended 31 December 2020
Registered Charity No. 1186251
Blaydon Youth and Community Centre CIO Members of the Management Committee and Professional Advisors For the year ended 31 December 2020
The Management Committee have pleasure in presenting their report and the un-audited Financial Statements for the year ended 31 December 2020
Reference and Administrative Details
Charity No 1186251 Principal Office Blaydon Youth and Community Centre Shibdon Road Blaydon Tyne & Wear NE21 5QE Accountant Mark Thompson MAAT 42 Lesbury Road Heaton Newcastle upon Tyne NE6 5LB Bankers Lloyds Front Street Whickham NE21 5QE Trustees Maria Hall Victor Connaughton Dorothy Burnett
Blaydon Youth and Community Centre CIO
Report of the Trustees for the Year Ended 31 December 2020
Financial review, investment policy and reserves
Blaydon Youth Club operates on a not for profit basis. Any monies raised over and above our immediate operating costs are held within our Maintenance Fund which is held against future building repair expenditure and replacement of minibus.
Performance & Achievements:
As with many organisations, 2020 has proved a very unpredictable year with the onset of a global pandemic by way of COVID-19. We were thrown into a series of national lockdowns which had a great impact on our community based face-to-face work. However, we were able to continue with our childcare provision for key workers' children before being allowed to offer this service to the wider community, creating a relatively stable income stream. This, alongside the support offered by way of the Job Retention scheme and a number of other COVID support/resilience grants, we were able to weather the storm.
Statement of Trustees' responsibilities
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards and statements of recommended practice
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have been followed, subject to any departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to
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presume that the charity will continue in operational existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by:-
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INDEPENDENT EXAMINER'S REPORT
Report to the trustees of Blaydon Youth and Community Centre CIO On accounts for 31 December 2020 Charity no 1186251 the year ended Respective The trustees of the organisation are responsible for the preparation of responsibilities of accounts; they consider that an audit is not required for this year under trustees and section 144(2) of the Charities Act 2011 and that an Independent examiner Examination is needed. It is my responsibility to
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examine the accounts (under section 145 of the 2011 Act),
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• follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act), and • state whether particular matters have come to my attention.
Basis of My examination was carried out in accordance with General Directions independent given by the Charity Commissioners. An examination includes a review of examiner’s the accounting records kept by the charity and a comparison of the statement accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Independent In the course of my examination, no matter has come to my attention: examiner's 1. which gives me reasonable cause to believe that in, any material statement respect, the trustees have not met the requirements to ensure that: • proper accounting records are kept (in accordance with section 130 of the Act); and • accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Signed: Date: 23 September 2021 Name: Mark Thompson MAAT Address: 42 Lesbury Road Newcastle NE6 5LB
Blaydon Youth and Community Centre CIO Statement Of Financial Activities For the year ended 31 December 2020
| Incoming Resources Notes Voluntary Income 2 HMRC Job Retention Scheme Room Hire Canteen Investment Income 4 Project Income 3 Total Incoming Resources Resources Expended Charitable Activities Projects & Activities (See notes) 5 Canteen Cost of generating funds Maintenance 6 Wages 8 Freelance Work Training Administration 7 Depreciation 9 Total Resources Expended Net income (expenditure) for the year Net Movement Between Funds Total Funds as at 1 January 2020 Total Funds as at 31 December 2020 |
Unrestricted Funds 53964 43720 17058 420 540 146146 261848 5119 672 16918 211379 21127 1786 257001 4847 0 107501 112348 |
Restricted Funds 2000 2000 2000 2000 0 0 0 0 |
(From previous Charity) Total Total Funds Funds 2020 2019 55964 575 43720 17058 15045 420 3755 540 1506 146146 215321 263848 236202 7119 17161 672 3436 16918 36805 211379 198989 0 6865 0 16685 21127 10621 1786 2212 259001 292774 4847 -56572 0 0 107501 164073 112348 107501 |
|---|---|---|---|
Blaydon Youth and Community Centre CIO
Balance Sheet as at 31 December 2020
| (From | previous Charity) | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Notes | £ | £ | £ | £ | |
| Fixed Assets | |||||
| Tangible Fixed Assets | 10 | 5720 | 7506 | ||
| Currents Assets | |||||
| Debtors | |||||
| Cash at bank and in hand | 178049 | 99995 | |||
| Current Liabilities | 11 | -71421 | |||
| Net Current Assets | 106628 | 99995 | |||
| Net Assets | 112348 | 107501 | |||
| Funds | 12 | ||||
| Restricted Funds | 0 | 0 | |||
| General Funds | 32859 | 28012 | |||
| Designated Funds | 79489 | 79489 | |||
| 112348 | 107501 |
Approved by the Committee on ……………………………..
and signed on their behalf:
………………………………………………………
………………………………………………………
Blaydon Youth and Community Centre CIO
Notes to the financial statements for the year ended 31 December 2020
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1 Accounting Policies
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1.1 Basis of preparation of accounts
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006
Blaydon Youth Club meets the definition of a public benefit entity under FRS 102. Asseys and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
1.2 Grant receivable and local authority fees
Grants received are accounted for on a receivable basis and credited to income. Any grants restricted to future accounting periods are deferred and recognised in those accounting periods.
1.3 Donations & Other Income
All income is accounted for when it is received.
1.4 Funds
Restricted funds comprise funds subject to specific restrictions imposed by donors and funders. The purpose and uses of the restricted reserves are set out in note 12 to the accounts. Unrestricted funds comprise funds which can be used in accordance with the charitable objectives at the discretion of the Management Committee.
1.5 Expenditure
All is included on the accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the SOFA. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets for use by the charity are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment | 33% on a reducing balance basis |
|---|---|
| Fixtures & Fittings | 20% on a reducing balance basis |
| Motor Vehicles | 25% on a reducing balance basis |
1.7 Charity Registration
Blaydon Youth and Community Centre CIO was registered with the Charity Commission in November 2019. Assets were transferred from the previous charity Blaydon Youth Club, which had the charity registration number 520735.
2 Grant Income
| Grant Income | |
|---|---|
| HMRC Job Retention Scheme | 43720 |
| HMRC Statutory Sick Pay | 863 |
| Gateshead Council (Sport & Leisure) | 24829 |
| NHS Cumbria (Suicide Prevention) | 2000 |
| Gateshead Council Covid Grant | 6850 |
| National Lottery (Covid Response) | 21422 |
| (Balance of above £21,421 to use in 2021) | |
| 99684 |
| 3 | Project Income | |
|---|---|---|
| Minibus Income | 7550 | |
| Youth Activities Income | 175 | |
| After School & Breakfast Clubs | 100098 | |
| Pre School | 37183 | |
| Uniforms | 209 | |
| Other Income | 900 | |
| Inclusive Club | 31 | |
| 146146 | ||
| 4 | Investment Income | |
| Bank Interest Receivable | 540 | |
| 5 | Other Activites | |
| Minibus | 2477 | |
| Youth Activities Costs & Sessional | 1188 | |
| Childcare Costs | 2251 | |
| Uniform | 483 | |
| Horticultural | 720 | |
| 7119 | ||
| 6 | Maintenance | |
| Electricity, Gas and Water | 9789 | |
| Maintenance & Repairs | 6403 | |
| Cleaning Materials/cleaning | 726 | |
| 16918 | ||
| 7 | Administration | |
| Insurance | 2835 | |
| Telephone | 1365 | |
| Licences, IT Support & DBS | 2607 | |
| Legal & HR | 8542 | |
| Accountancy | 0 | |
| Payroll | 1143 | |
| Bank/Cardnet Charges | 192 | |
| Bad Debt Costs | 600 | |
| Hospitality | 329 | |
| Postage & Stationery | 2152 | |
| Other General Admin | 1362 | |
| 21127 |
8 Employees
Total Salary Costs 211379
The average no. of employees was 11 for the year
No expenses were paid to trustees in the year.
9 Net Income (expenditure) for the year is arrived at after debiting (crediting)
Depreciation 1786
| 10 | Tangible Fixed Assets | 2020 | |||
|---|---|---|---|---|---|
| Fixtures | Computer | Motor | Total | ||
| & Fittings | Equipment | Vehicles | |||
| Cost | |||||
| At 1 January 2020 | 21432 | 2824 | 34141 | 58397 | |
| Additions | 0 | ||||
| Disposals | |||||
| At 31 December 2020 | 21432 | 2824 | 34141 | 58397 | |
| Depreciation | |||||
| At 1 January 2020 | 17690 | 2694 | 30507 | 50891 | |
| Charge for the year | 748 | 130 | 908 | 1786 | |
| Disposals | |||||
| At 31 December 2020 | 18438 | 2824 | 31415 | 52677 | |
| Net Book Value 31 December 2020 | 2994 | 0 | 2726 | 5720 | |
| Net Book Value 31 December 2019 | 3742 | 130 | 3634 | 7506 | |
| 11 | Current Liabilities | ||||
| Bounce Back loan from Lloyds Bank (£50,000), to be repaid | in 2021-22. | 50000 | |||
| Deferred Grant (For use in 2021) | 21421 | ||||
| 71421 | |||||
| 12 | Fund Year End Balances | ||||
| Restricted Funds | Balance | Income | Expend | Balance | |
| Jan-20 | Dec-20 | ||||
| NHS Cumbria (Suicide Prevention) | 2000 | 2000 | 0 | ||
| Designated Funds | Balance | Income | Expend | Balance | |
| Jan-20 | Dec-20 | ||||
| Minibus Fund | 21847 | 21847 | |||
| Building Fund | 27642 | 27642 | |||
| Staffing Contingency | 30000 | 30000 | |||
| Total | 79489 | 0 | 0 | 79489 |