Charity reglstratlon numlxr 1187451 THE SYLVIA BEAUFOY CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE SYLVIA BEAUFOY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Tnistees MrNJBathe Mrj S Lewis OL fCIS Mr A R W Carrington Mr T H Compton Bsc MICFor Ms E A Sneller Msc Ms E P Lintill (Appointed 9 November 2023) (Appolnted 9 November 20231 Charfty number 11874SI Independent oxamlner Oliver Read FCCA ACA James Todd & Co Limited Drayton House Drayron Lane Chichester West Sussex England P020 2EW
THE SYLVIA BEAUFOY CENTRE CONTENTS Page Trustees, report Independent examlnerfs report Statement of flnancial activitles Balance sheet Notes to the financial statements 9-20
THE SYLVIA BEAUFOY CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thelr annual report and financial ststements for the year ended 31 March 2024. The financlal stalements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document. the Charities Acr 2011 and "Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective l January 20191. Objettlves and •rtlvltles To help children and young people. up to the age of 18 livSng In Petworth and surrounding parishes. especlally but not exclusively throu8h lelsure time activities. so as to develop thelf capabllltles that they may grow to full maturlty as Indlvlduals and Membe of 5(Kiety. To att a5 a resource for youn8 people by proMdln8 advice and assistance and organisin8 pro8rammes of physical, educattonal and Oiher activities 35 a mean5 Of: Advancin8 in lrfe and helpift8 young people by developlng their skills, capacities and capabSlltSes to enable them to participate In society as independent. mature and responsible Individuals Advanclng education b. Relievini unemployment Providing recreational and leisure time actlvlty in the inlerests of Social welfare for people Ilvln8 In the area of beneflt who have need by reason of their youth. age. infirmity or dlsabilbty. poverty or social and economic circumstances with a view to improving the conditions of life of such person5. Public benefit The trustees have pald due regard to 8uidance issued by the CharFty Comrnission in decidln8 what actlvities the charity should undertake. Artlvltles The Centre aims to be a welcoming and vibrant meeting place for youn8 people a8ed 9 to 18 from Petworth and the surroundin8 lIages. The cent has provided the following aaivilies throughout the year: Greenpower Projert Duke of Edlnbur8h Award Pro8fdmme Social Session (secondary school age) Youth Café Mountain 8ikn.ng Evolve (club for those in school Yea S and 6) X-Hale Irelaxation and wellbeing) Gobllns (Greenpower for Primary School} Four-day Residential to the Brecon Beacons Week-lon8 Klds Club In partnership with PACT (Petworth Area Churches TO8her) Music Sesslcns- SBC Band (The Lesser Known)
THE SYLVIA BEAUFOY CENTRE TRUSTEES, REPORT (coMfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 Annual Awards Ceremony Toddler Time Sessions Day trips - indudin8 Go-kartin& Ninja Warriors (obstacle park), Beaulieu Museum, Clnema Trlp and Outdoor Q'nema, Petworth 8uslness Association Employment evening, HWM Aston Martin Trip. Partlcipation In community events- Goodwood Charity Day, Petworth Fete in The Parl Hampers Green Bonfire Night, Petworth Christmas Cracker event, Petworth Choru5 Carol Concert. Numbers have remained constant throughout the year. but higher than last year. The Summer Termlsummer Progrdrnme (2023) attendance {footfall) was 2.056. Autumn Term12023) it vrd5 1,607, and Sprin8 Term (2024) it was 1.557. This gave totsl foorfall of 5,220 for the 2023-24 financial year. Youth Workers at the Centre Incorpordte a mix of informal educatlon and fecreation through open drop-Sn sesslons and structured. positive activities, all aimed at improving the lives of the young people of Petworth and the wider rural area. We work with and alongside other local agencies and organlsatlons to ensure the best possible OLrtcornes for youn8 people through our planned and structured prosrdmme. Staff continue to work one to one wlth youn8 people who need extra help. providin8 mentorin8. Signposting and referrals lor specialist help. Free entry 15 offered to the malorlty of sessions run throughout the year. with activities available to anyone regardless of back8round Of Income. There have been some small contributory charges to additionally planned activities, but we always highli8ht that affordability is not a barrier to inclusion. ¢)ver the course of the year. young people 3ttendln8 the Centre have participated in attivities and workshops which have promoted healthy eatin& life skills. team-worklng and encouTr8in8 well-bein8 throu8h reducin8 anxiety and improving mental health. Youn8 people are encouraged and supported to make positive contributlons to the youth club and to the local communty through organising club events, fundraisin8 and volunteering. We have had a number of our Duke of Edinbur8h Award participants volunteerin8 in the local community. Following the successful launch as a Duke of Edinbur8h Award pro8ramme provider in January 2021, the fourth cohort ol DofE participants have successfully flnlshed Bronze and Silver level awards with 33 young people partlclpatin8 in the programme this year. We also began the trnining for the Gold level Award with an additlonal 13 young people commenclng this lon8er p3thway. The progrnmme is continuln8 Wlth a new cOlrt in September 2024 across all three levels. Our Members have also been Involved with The Greenpower Elettric Car Project funded by a number of sponsors includin8 HWM Aston Martin, Classics on Track ft)r Children. and Fiskens Historlc Automoblles. The project involves young people buildin8 and developln8 elertrlc cars and taking part in team activities. as well as enterlng a number of races organlsed by the Greenpower Education Trust. At the end of the 2023 season. we had three cars. Our team took part In the International Greenpower final at Goodwood in October 2023, competing wilh other teams from around the world. Our cars finished in 18th, 50th and 51" positlon out of a field of c.80 cars. cer the course of the winter two new cars we built wlth one of the older cars being retired. We are currently the onty youth club-based team consistently represented in the Greenpower races. In addition to our core sessions we received fundin8 from the Hyde 8roup to provide support to youn8er children. We have used this funding to take over the runnlng of the Toddler fime group (previousty operated by the Petworth Community Churchl. We have appointed a part-time Toddler fime Lead who manages the weekly Tuesday fflomin8 session5 durin8 the term-time. Our organisation ha5 safeguarding pollcles and procedures in place to ensure that ebtry chlld. re8afdless of their age, gender, religion or ethnicity, is proterted from hami. Safe8uardln8 Trninin8 for Staff, Volunteers and Trustees is updated regularly and D85 checks completed every 3 years.
THE SYLVIA BEAUFOY CENTRE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnancial review ReseThes pollcy The policy of the Charlty Is to plan never to be in debt and to have sufficient funds in advance to cover all known contingencies. We are now In a stable period post-covid, therefore the minimum level of reserves has been set by the Trustees at 6 months committed operational expenditure. Prfnclpal fundlng sources There is no longer any statutory funding for youth club attivities. Instead. we rely entirely upon voluntary contributions, grant applications and our own fundraising. Our current artivities have been supported financially by individual glfts and donations, 8rants from other local trusts and organlsatlons. and grant funding for 5pecrfic projects and activities. We receive regular monthly donatlons from the LocalGivin8 Scheme. We are registered for Glft with HMRC. During 2023n024 we received specrfic grantslfunding from The National Lonery, The Hyde Foundation, Sussex Community Foundation, HWM Aston Manin. Fiskens Historlc Automobiles, Classics on Track for Children. South Downs Natlonal Park, Petworth Town Council, Engllsh Woodlands Timber, Petworth Community Church Legacy Fund, Petworth Choru5, Lurga5hall ParSsh Council, fillington Parish Counol, and the Leconfield Sin8ers. We also benefrtted from donations from Iclcal families and Trusts. Investment policy The Constitution authori5es theTrustees to make and hold Investments using the general funds of the Charity. The Trustees are satisfied with the performance of the Investment Fund over the year but are mindful of the need for careful monitoring and review. MaJor rlsks The Trustees are mindful of their responsibilities In rlsk management and regularly review the major risks and ensure appropriate policies are In plate tD miti8ate those risks. Appropriate insurance has been secured to cover risks which it is envisaged could occur in the course of running the activities. Insurance Is provided by Ansvar and includes an appropriate level of employer's and publlc liability insurance. Plans for tuture perlods The Charity is always seeking to improve the servlce offering to young people and the community. As well as developin£ activities and new opportunities, improvements to the facilities are essential to maintain and fully utillse the space within the Centre. The following are projects that the Charity have planne(I: Buildlns extension The Charity has been 8ranted planning pemilsslon to extend the bulldln8. This extension will provlde a workshop for two of the major projects - Greenpower and Mountain 8iking. 80th of these prolects promote Sclence. Technology, En£ineerin8 and Mathematics. as well as physlcal and Mental frtness. Redevelopment of internal space - By rnoving Greenpower and Mountain eiklng into another area, a large space within the main Centre will be created. This space can be developed to better svit the needs of our Centre users. Thls area may include smaller wellbeing rooms, a sound studio, and a meetiftg space. All of these new Spaces would be available to ouryoung people and also to the broader community. Ac¢esslblllty- The Centre has disabled access to the side of the buildin8 but onty to the ground floor. The only access to the first floor is via siairs. A review of lirsi floor accessibility is planned to enable all potential Centre users to have lull access to both floors, Toilet Facllitles- There Is currently only one cubicle within the male and female facilities. There Is scope to Increase thls to two cubicles for each and to update the fracllltles.
THE SYLVIA BEAUFOY CENTRE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure• 8oyernance and mana8ement On 20 January 2020, the Trustees registered a new Charitable Incorporated Organisation Yhe Sylvia Beaufoy Centre" (Charity no: 1187451). wilh the Charltles Commission for England and Wales. The sylvia Beaufoy Centre took over all of the actlvltles and assets of the Petworth Youth Association (Charity no: 305403), in Ilne with the objects and 5tipulation5 of the existing Trusi Deed dated 7 May 1962. The legal requirements of this tfansfer were completed on 20 July 2022. At the close of the financial year there were six Trustees actlng on the Charity's behalf: Eileen Lintill lappolnted Chair, November 2023. original Trustee appointment January 2015, renewed January 2024) Tom Cornpton lapFJointed Wice-chair. November 2023. original Trustee appointment August 2020. renewed effective August 2023) Annie Sneller {original Trustee appolntment January 2013, renewed January 2024) Andrew CarrInOn {ori8inal Trustee appointment October 2020, renewed October 2023) Nigel Bathe (appointed November 20231 Stuart Lewis (appointed November 2023) Lord E8remont is patron of the Charity. The re8lstered office of the Charity is: The Sylvia Beaufoy Centre, Midhurst Road. Petworth. West Sussex GU28 OET. Remiltment and appolntment of trustees None of the trustees has any beneficial interest in the compary. All of the tntee5 are members of the company and guarantee to contribute £1 in the event of a wSndin6 up. Organlsational structure At the end of the financlal year, we had 3 full time and 6 part-time paid worker5 (equivalent to 3.56 FTE employees). The three full time roles are: Charity Manager- management and operation of the Charity. Senior Youth & Community Mana8er- ovefSl8ht/mana8ement of youth activities. Youth Coordinator- provision of support to the youth activities. In additlon, there are four part.time sessional youth workers. a part-tlme lead for the Toddler 8roup, and a part-time cleaner. The Trustees meet Jt bi-monthly intervals to dlscuss the current position of the charity and action on strategic and legal matters. governance and finance. Decisions, including the appointment of Trusiees. are taken by consensus and, as necessary. by formal majorlty vote. Trustees will rneet informally with anyone becoming a Trustee and relevant policies are provided. The trustees, report was approved by the Board of Trustees. Ms E P Lintlll Trustee
THE SYLVIA BEAUFOY CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SYLVIA BEAUFOY CEKfRE I report to the tnjstees on my examination of the financial ststements of The Sylvia Beaufoy Centre (the charity) for the year ended 31 March 2024. ReSPonbIlItIeS and ba5 of report As the trustees of the charity you are responslble for the preparation of the financlal statements In accordance with the requirements of the Charities Act 2011 (the 2011 Aci). I report in respect of my examination of the charitvs financial statements carried out under section 145 of the 2011 Art. In carrylng out rny exarnination I have followed all the appllcable Directions given by the Charity Commlsslon under section 145{5)(bl of the 2011 Acr. Independent examlner's statement Since the charity's 8ross Income exceeded £250,CM)O your examiner must be a member of a bo(ty listed in settlon 145 of the 2011 Act. I confirm that l am qualified to undenake the examination because l am a member of FCCA ACA, which is one of the listed bodies. Your attention is drawn to the fart that the charity has ppared finandal statements In accordance with Accounting and Reportln8 by Charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) In preference to the Accounting and Reportin8 by Charities: Statement of Recommended Practice issued on l April 2005 which Is referred to in the extant re8ulations but has now been withdrawn. l understand that this has been dorte in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Pfactice effective for reportln8 pefiods beginnln8 on or after l January 2015. I h8ve completed my examination. I confim that no matter5 have come to my attention in connettion *th the examinatlon 81vln8 me cause to believe that in any malerial respect: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act: or the financial ststements do not accord wilh those records; or the flnanclal statements do not cornply with the applicable requirements concernin8 the form and content of accounts set out in the Charities (Accounts and Reports) Re8ulation$ 2(K)8 other than any requirement that the accounts 8ive a true and falrview whSch Is not a matter considered as part of an independent examinatlon. I have no concems and have come across no other matiers in connectlon with the examination to which attention should be drawn In this report In Order to enable a proper understsnding of the financial statements to be reached. Ollver Read FCCA ACA James Todd & Co Limited Drayton House Drayton Lane Chichester West Sussex P020 2EW England
THE SYLVIA BEAUFOY CENTRE STATEMENT OF FINANCIAL ACTMTIES INCWDING INCOME AND EXPENDrruRE ACCOU14T FOR THE YEAR ENDED 31 MARCH 2024 kna 2013 102J 50.138 244264 73.362 2.107 ILOIS i,05) 5.J95 2.107 ILOIS 2Jl3 9.6 244J64 30U53 112.033 191.9>1 Ch*ntsY• Ji 247.94• i>PS30 219.792 5L431 189511 247949 10.262 219.792 12.107 12.lQ? 16.3281 {6.3211 17.765 54.746 72511 127A971 127.IA91 Tr•thrs bttween $6WiI 353. L742 14.6351 4.635 2$3,ll9 57h88 14J17) 112.1621 117.1191
THE SYLVIA BEAUFOY CENTrE STATÉMENT OF FINANaAL AcnvmE5 (CONTINUED) INCWDING114COME AND EXPENDITURE ACCOUNT FOR ThIE YEAR EAID£0 31 PAAACh12024 f¥nds f¥• 2024 2023 Msx Fud b•l•neei•i i Al202j 177.774 27ml J04,X4 2SLIOI 4996 131.997 Fwld b•l•*¢tt li Ji 2024 253.719 377J19 277.774 27.OJ4
THE SYLVIA BEAUFOY CENTRE BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Flxed assets Tangible assets Investments 14 Is 108.789 130.441 8S.346 118.334 239.230 203,680 Current assets Debtors Cash at bank and in hand 16 3,794 139,280 783 103.670 143.074 {4,985) 104.453 (3,325) Credltors: amounts fallln8 due wlthln one year 17 Net Current asMts 138,089 101,128 Total assets leu current Ilabllltles 377.319 304,808 Net aet5 ex¢ludln8 penOn Ilablllty 377,319 304,808 The funds of the charity Restrfcted income funds Unrestricled funds- general Unrestricted funds- designated 18 84.522 39.008 253,789 27.034 277,774 19 377,319 304.808 Ms E P Lintill Trustee
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charlty Informatlon The Sylvia Beaufoy Centre is a charity registered with the Charity Commission of England and Wales. number 1187451. The Charity is governed by a Trust Deed dated 20 January 2020 as detailed In the Trustees, Report. 1.1 Accountlng ¢onventlon The financial statements have been prepared In accordance wSth the charity's governin8 document, the Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republlc of Ireland" {"FRS 102") and the Charities SORP "Accountln8 and Reporting by Charitie5: Statement of Recommended Pfactice appllcable to charltles preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102)" leffertive l January 20191. The charity is a Public Benefft Entity as defined by FRS 102. The charity has taken advanta8e of the provisions in the SORP ft)r charities not to prepare a Statement of Cash Flows. The flnancial statements have departed from the Charities (Accounts and Reports) Regulations 21x18 only to the exlent required to provide a true and fair view. Thls departure has involved followin8 the Statement of Recommended Practice for charitles applying FRS 102 rather than the version of the Statement of Recommended Practlce whlch Is referred to In the Regulations but which has s5nce been wlthdrawn. The financial statements are prepared in sterlin& which is the funrtional currency of the charSty. Monetary amounts In these financial statements are rounded to the nearest £. The financial statements have been prepad under the hlstorical cost convention. The principal accounting poliues adopted are set out below. 1.2 Golnz concem At the time of approvin8 the financial Statements. the trustees have a reasonable expectaiion that the charlty has dequate resources ro continue In operdtional exlstence for the foreseeable future. Thus the trustees continue to adopt the 80in8 concern basis of accountin8 Dn preparing the financial Statements. 1.3 Charitable funds Unrestricted funds are available for use at the dlscretlon of the trustees In furtherance of their charitable objectives. Deslgnated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subjett to specrfic conditions by donors or grantors as to how they may be used. The purposes and uses of the restrlcted funds are set out in the notes to the financial statements. 1.4 In¢ome Income is recognised when the charity is le8alty entitled to It after ary performance condition5 have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notrfied of the donation, unless performance conditlons requlre deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deed5 of covenant is recognised at the time of the donatlon. Legacles are reco8nlsed on receipt or otherwise if the charity has been notified of an impendlng distrlbution, the amount is known, and receipt is expected. If the amount is not known. the legaty is tfeated as a contingent asset.
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnued) 1.5 Expendlture Expenditure Is recognised once there is a legal or cortstructive obligation to transfer economic benefit to a third party, it Is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is classified by actlvity. The costs of each activity are made up of the totsl of dlrect costs and shared costs, includin8 SUPPOrt costs involved in undertakin8 each actlvity. Dirett costs attributable to a single activity are allocated directly to thai actlvity. Shared costs which contribute to more than one activity and Support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciatlon char£es are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible flxed assets are Inltially measured at cost and subsequently measured at cost or valuatlon. net of depreclatlon and any impaimient losses. Depfeciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful Ilves on the follDwln8 bases: Freehold land and buildÈngs Fixtures and fittings Computers Motor vehides SO years straight line 25 years straight line 5 years straighi line 5 years strai8ht line The galn or loss arlsln8 on the disposal of an asset Is determlned as the dlfference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Flxed asset Investments Flxed asset investments are initially measured at transaction price excludin8 transaction costs, and are subsequently measured at falr Yalue at each reporting date. Changes in fair Wdlue are recognised In net income/(expenditure) for the Year. Transaction costs are expensed as incurred. 1.8 Impalrment of fixed assets At each reportin8 end date, the charity revlews the carryln8 amounts of Its tan8lble assets to determlne whether there is any indication that those assets have suffe an impairment loss. If any such indication exists, the recoverable amount of the asset is estirnated in order to detefrnine the extent of the impairment loss (if any}. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. 8ank overdrafts are shown withln borrowlngs In current liabilities. 10-
THE SYLVIA BEAUFOY CENTRE .NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountln8 pollcles Icontinued) 1.10 Flnancial Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instrument$1ssues' of FRS 102 to all of its financial instruments. Financial in5tnJments are recognised in the charity's balance sheet when the charity becomes party to the contrdrtual provisions of the instrument. Financial assets and liabillties are offset, with the net amounts presented in the financial statements, when there Is a legally enforceable rlght to set off the recognised arnounts and there is an intenlion to settle on a net basis or to realise the asset and settle the liability simul¢aneous1y. kgaskflnanclal ossets Basic financial assets. which indude debtors and cash and bank balances. are initially measured at transartion price Includlng iransactlon costs and are subsequently carrled at amortised cosi uslng the effecrive Interest method unle55 the arrangement constitutes a financirg transaction. where the transaction 15 measured at the present value of the future receipts dlscounted at a market rate of Interest. Flnandal assets dasslfled as recelvable wlthln one year a rbot mortised. 805icfinanclal liabilities Basic financial liabilities, including creditor5 and bank loans are initially reco8ni5ed at trdnsartion price unless the arrangement constitutes a financing transartion. where the debt instrument Is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortlsed. Debt instruments are subsequentty carried at amortised cost, us5ns the effectlve interest rate method. Trade creditors are obllgatlons to pay for goods or servlces that have been acquire(I In the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not, they are presented as non-current Ilabllltles. Trade creditors are recognised initially at transaction price and subsequentty measured ai amortised cost usin8 the effective interest method. Derecognltlon olflnandal Ilobllftles Flnanclal Ilablllties are derecognlsed when the charivs contractual obligations expire or are dischar8ed or cancelled. 1.11 Employee benefits The cost of any unused hollday entitlement is recognised in the period in which the employee's services are received. Termlnation benefits are cOgnised immedlately a5 an expense when the charvty is demonstrabty committed to terminate the employment of an employee or to provide termination benefits. Critl(al accountlng estimates and judgements In the application of the charity's accounting policies. the Iru5tees are required to make judgements, estlmates and assumptlons about the carrying amount of assets and Ilabilitles that are not readlly apparent from olher sources. The estimates and associated assumptions are based on historical experience and other factors thai are considered to be relevant. Actual results may differ from these estimates. The estimates and underlySn8 assumptlons are revlewed on an on80ing basls. Revislons to accounting estimates are reco8nised in the period in which the estimate Is mised where the revlsion affects onty that perlod. or In the perlod of the revision and future periods where the revision affects both current and future periods. 11
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlons and legacles Unrestricted funds 2024 Rostrlcted lunds 2024 Total Unrestrfcted fvnds 2023 Restrlrted funds 20Z3 Totsi 2024 2023 Donatlons artd glfts Grants receivable 50,138 SO.138 244.264 73.362 73.362 112.033 244,264 112,033 50,138 244,264 294,402 73,362 112,033 185.395 Grnnts recetvable for cm a¢tlvltles Gfeenpower project After-school study Youthwork trainin8 Staffin8 Summer opening Duke of Edlnbur8h Evolve Building improvements Bikes Other 29,221 l.(MJl 4,500 149,182 17.456 9,S04 9,740 552 29,221 I,ooi 4,5tXJ 149,182 17.456 9,S04 9,740 S52 17.481 820 17.481 820 83,098 4,248 4,112 249 83.098 4.248 4,112 249 2,025 2,025 23,108 23,108 244,264 244,264 112.033 112.033 Inme from tharttable Jrtmtles Unrestrfrted funds 2024 Unrertrlcted funds 2023 Coffee bar Sale of 8oods 2,813 2,107 12-
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from other tradlng artlvltles Unrestrirted Unrestricted funds fund5 2024 2023 Fundraislng events Trading activity Income: other 2,036 7,622 4,592 6,493 Other tradlng actlvbtles 9,658 11,085 Income from Investments Unrestrlcted funds . 2024 Unrestrfrted funds 20Z3 Interest receivable 344 13-
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable artlvltles Charitsble artlvltles 2024 Charitable actlvltles 2023 Dlrert costs Staff costs Depreciation and impairment Events and activities Rates and water Insurance Light and heat aeanln8 Repairs and maintenance Prlntln8, Postage and stationary Telephone Motor running costs Sundry expenses 137,013 8,501 77,267 113,437 7.597 60.540 823 2,994 3,898 4,689 9,2fA) 917 991 8,207 4,462 3,225 4,217 1,392 2,165 1,150 1,126 3.754 2,700 243,294 217.815 Share of support and 8ovemance costs (see note 8) Governance 4,655 1,977 247,949 219,792 Analysis by fund Unrestricted funds- general Restricted funds 58,431 189518 80,262 139.530 247.949 219.792 Support Costs allocated to artlvltles 2024 2023 Governance costs 4,6S5 1,977 Analysed between: Charitable actlvlties 4.655 1,977 14-
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement In lunds 2024 2023 The net movement in funds is stated after char8ing/(crediting): Fees payable for the independent examination of the tharity's financial statements Depreciation of owned tsngible fixed assets 4.620 8,501 1.977 7.597 10 Trustees The trustees did not recelNe any muneration durlng the year. The charity pald for the Insurance premiums to indemnrfy the Trustees frorn any1055 arisin8 from ne8lect or default of the Trustees or mana8ernent comrnittee. li Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Employment $ts 2024 2023 Wages and Salaries 137,013 113,437 There were no employees whose annual remuneration was more than £60,000. 12 Galns aTrd losses on Investments Unrestricted funds 2024 Unrestricted fvnds 2023 Gainsl{losses) arisin8 On: Rwdluation of Investments 12.107 (6,328) 13 Taxatlon The charity is exempt from L1xation on its artivities because all its intome is applied for charltsble purposes. 15-
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tangible fixed assets Freehow land and Iwlldl Fhiures and fittings Cornwtots Mokn T¢ytsl Cost At l April 2023 Addltions Disposals 138,249 8,451 1,994 (411) 18.654 165,354 31,944 (411) 29,950 At 31 March 2024 138,249 29,950 10,034 18,654 196,887 Depreclatlon and Impalmient At l Aprll 2023 Depreciation charged in the year Eliminated in respert of disposals 67,545 2,715 5,001 1,356 (411) 7,462 3.731 80,008 8.501 1411) 699 At 31 March 2024 70,260 699 11.193 88,098 Carryln8 amount At 31 March 2024 67,989 29,251 4,088 7.461 108,789 At 31 March 2023 70.704 3.450 11.192 85,346 IS Flxed asset lrniestments Llsted Investments Cost or valuatlon At l April 2023 Valuation changes 118.334 12.107 At 31 March 2024 130,441 Carryin8 amount At 31 March 2024 130.441 At 31 March 2023 118,334 16-
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Prepayments and accrued Income 1.954 783 3,794 783 17 Creditots: amounts fallin8 due wfthln one year 2024 2023 Trade creditors Other credltots Accruals and deferred income 1,763 575 2,647 3,125 21x1 4.985 3,325 Restricted funds The restricted funds of the chafity comprise the unexpended balances of donatlons and grants held on trust subject lo specific conditions by donors as to how they may be used. At l Aprll 2023 Incomlni resources Resources expended Transfers At 31 March 2024 Greenpower Project Youth Cafe Youthwork Trninin8 stsffing Summer Opening Duke of Edlnburgh Evolve Building Improvements Bikes 11,325 2.533 1,529 1.59S 29,221 i.ooi 4.500 149,182 17,456 9,504 9.740 23.660 (27.0911 (930) {4.301) (127.1491 120.1981 17.355) 1302) (1.277) 191S) 13.455 1.728 23,628 2.742 2,711 5.316 4,860 14.754 22.383 1.110 2.025 27,034 244,264 (189.518) 2.742 84.522 17-
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Re5tr1rted funds (Continued) Prevlous yoar. At l Aprfl 2022 Incomln8 resources Resources expended Tftnsf8r5 At 31 March 23 Greenpower Project Youth Cafe Youthwork Trainin8 Staffing Summer Openln8 Duke of Edinburgh Evolve Building Improvements Bikes 6,588 2.261 4.167 21.510 3.523 6,780 S.067 17,481 820 {12.744) 1548) 12.638) 1103,013) (11.838) {8.181) 11,325 2.533 1,529 I,S95 83.098 4.248 4,112 249 4.067 2.711 5.316 (568) 568 2.025 2.025 49.896 112,033 (139,530) 4,635 27,034 Green ower Pro"ect Sponsorshlp of our Greenpower racing cars and the respective team attivities. Youth Café Teaching young people how lo cook. Youthwork Trainin Tralning costs for staff and volunteers who undertake attivities with young people. Staffin Specific donations given to enable the staffin8 of the centre. Summero enin Our summer pro8ramme, which includes our residential and day trips during the Summer 5th001 holidays. Duke of Edinbu Costs relatin8 to our Duke of Edinburgh Avrdrd Programme. Evolve Costs relatln8 to our Evolve Youth Club (club for prlmary school a8es >ll). Bulldln rovements Specilic gitts and expenditure related to the improvernent and development of the building. Bikes Mountain kn'king sessions Whe we take a group of young people on biking trips. 18-
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestrlcted funds- desl8nated These are unrestricted funds which are material to the charity's activities. At l Aprll 2023 Transfers At 31 March 2024 Six months costs Building improvernents Tangible assets 70,OIXI 75.OCKI 108,789 70,000 75,0(MJ 108,789 253.789 253.789 To cover six months Worth of runnin8 Costs lo ensure the continued services of the Charity, This is match funding to cover the cost of improvements 10 the building without affecting the contlnued alms of the Charity. Tan ible assets Relates to the value of the assets held by the Charity wlth whSch It carrles out its actlvities and a therefo not avallable for 8eneral use. 20 Unrestrlrted fvnds The unrestricted funds of the charity comprlse the unexpended balances of donations and grants which are not subject to speclflc condltlons by donors and grantor5 as to how they may be used. These Include de5i8nated funds which have been set aside out of unrestricted fvnds by the trustees for specific purposes. At l Aprll 2023 Incomln resources TransfersGalns and losses At 31 March 2024 expended Generdl funds 277.774 64.089 (58.4311 1256.531) 12,107 39,008 Previous year: At l April 2022 Incomlng resources Resources expended TransfersGalns and losses At 31 Marth 2023 General funds 282.101 86.898 (80.262) (4.635) {6,328) 277.774 19-
THE SYLVIA BEAUFOY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Analysls of net assets between funds Unrestrlcted funds general 2024 Unrestrfrted fvnds designated 20Z4 Restrfrted fvnd5 Total 2024 2024 At 31 March 2024: Tangible assets Investment5 Current assets/lliabilities) 108.789 130,441 14,559 108,789 130,441 138.089 39.008 84,522 39.008 2S3,789 84,S22 377,319 Unrestrfrted lunds eneftl 2023 Unrertrlrted fvnds des58nated 2023 Restrlrted funds Total 2023 2023 At 31 March 2023: Tangible assets Investments Current assets/lliabllitles 8S,346 118,334 74,094 85,346 118.334 101,128 27,034 277,774 27,034 304,808 Related party transactions There were no disdosable related party transactions during the year (2023 . none). -20-