2023-03-31-accounts

LEGAL AND ADMINISTRATIVE	LEGAL AND ADMINISTRATIVE	INFORMATION	INFORMATION
NAME OF THE	CHARITY		Westminster House Youth Club
PRINCIPAL ADDRESS			29 Nunhead Grove,
			London, SE153LZ
COMPANY REGISTRATION NUMBER			13083464 (England and		Wales}
CHARITY REGISTRATION NUMBER			1194411
MANAGEMENT	COMMITTEE		V. Peel
			R.Parker
			R.Lomax
			C. Hill
			YDow
			D Haynes
			Z Mclntosh
CHAIR			V. Peel
TREASURER			R. Lomax
SECRETARY			R.Parker
CUSTODIAN TRUSTEE			Federation ofLondon Youth Clubs
INDEPENDENT	EXAMINER		Alex Koupland,
			Calder & Co.,
			30Orange Street
			London
			WC2H 7HF
SOLICITORS			Sebastians,
			St.Bartholomew	House,
			92 Fleet Street,
			London, EC4Y IPB
BANKERS			Barclays Bank Pic.,
			Dulwich Group,
			P.O. Box270,
			London, SE154RD
INVESTMENTMANAGERS			Black Rock Investment		Management	(UK) Ltd. ,
			12Throgmorton	Avenue
			London EC2N 2DL

					Restricted	Funds
		Unrestricted				Expendable	Total	Total
	Notes		Funds		Income	Endowment	2023	2022
Incoming Resources
Incoming Resources from
Generated Funds:-
Subscriptions			1,877				1,877
Grants and similar
voluntary
Income					288,789		288,789	344,333
Donations			19,248				19,248	15,665
Investment income			18,856				18,856	15,784
Other income			3,260				3,260	16,709
Total Incoming Resources			43,241		288,789		332,030	392,491
Resources Expended:-
Charitable activities			39,246		252,145		291,391	327,357
Total Resources Expended			39,246		252,145		291,391	327,357
Net Incoming/(Outgoing)
Resources before Transfers			3,995		36,644		40,639	65,134
Transfers:-
Gross Transfers between
Funds			56		56
Net Incoming/(Outgoing)
Resources before Other
Recognised Gains and							40,639
Losses			3,939		36,700			65,134
Gain (Loss) on Revaluations
Investment assets	12		(11,354)				(11,354)	31,462
Net Movement in Funds			7415		36700		29 285	96596
Total Funds brought
forward			663,300		109,589	330,000	I,102,889	1,006,293
Total Funds carried forward		R	655,885	K	146,289	6330,000	K 1,132,174	f1,102,889

		BALANCE SHEET	BALANCE SHEET
		31STMARCH 2023
		Unre-	Restricted	Funds
		stricted		Expendable	Total	Total
	Notes	Funds	Income	Endowment	2023	2022
FIXED ASSETS
Tangible Fixed Assets		41,759	10,089	330,000	381,848	397,224
INVESTMENTS	12	526,930			526,930	538,284
CURRENT ASSETS
Debtors		488	7,500		7,988	488
Cash at Bank and in Hand		87,408	153,695		241,103	199,415
		87,896	161,195		249,091	199,903
LIABILITIES
CREDITORS: AMOUNTS
FALLING DUE WITHIN
ONE YEAR	15	700	24,995		25,695	32,522
NET CURRENTASSETS		87,196	136,200		223,396	167,381
		655,885	146,289	330,000	1,132,174	1,102,889
CREDITOR: AMOUNT
FALLING DUE IN MORE
THAN ONE YEAR	15
TOTAL NET ASSETS		K655,885	F146289	K330000	K1,132,174	R1,102,889
Representing:
UNRESTRICTED FUNDS
Designated Income	16	309,000			309,000	309,000
General Income	17	346,885			346,885	354,300
		655,885			655,885	663,300
RESTRICTED FUNDS
Income	18		146,289		146,289	109,589
Expendable Endowment	19			330,000	330,000	330,000
			146,290	330,000	476,289	439,589
TOTAL FUNDS		6655,885	F146,289	K330,000	Kl,132,174	RI,102,889

2.	GRANTS AND SIMILAR VOLUNTARY INCOME	2023	2022
	Specific Grants	R288,789	K344,333
	General Grants
		F288,789	K344,333
3.	DONATIONS	2023	2022
	Sundry Donations	K19,248	K15,665

5.	OTHER INCOME						2023		2022
	Sundry Other Income							3,260	7,568
	Gain on disposal offixed assets								9,141
								K3,260	E16,709
6.	INVESTMENT INCOME
	Bank Interest							933	13
	Dividends							17,923	15,771
								K18,856	E15,784
7.	CHARITABLE ACTIVITIES				Restricted Funds
			Unrestricted			K~dbl		Total	Total
			Funds		Income	Endowment		2023	2022
	Salaries		21,725		149,608			171,333	168,034
	Employer's Pension	Contributions	2,324		2,868			5,192	4,851
	Instructors' Fees				6,456			6,456	26,190
	Vehicle Expenses				5,737			5,737	4,194
	Activities			59	53,905			53,964	71,144
	Security Costs				3,560			3,560	7,197
	Rates		2,268					2,268	508
	Light and Heat			145	8,647			8,792	5,189
	Sundries			662				662	2,064
	Insurance				6,296			6,296	5,867
	Repairs and Maintenance				4,430			4,430	12,162
	Planning residential	development							1,876
	Incorporation		3,584					3,584	2,722
	Governance (Note 8)			621	3,120			3,741	4,734
	Depreciation		7,857		7,518			15,376	10,625
			K39,246		R252,145	E	-	K291,391	K327,357

	GOVERNANCE COSTS	GOVERNANCE COSTS					2023	2022
	Office Costs						621	723
	Independent project	evaluation					1,500	1,988
	Independent Examination		Fee				1,620	1,623
	Accountancy							400
							K3,741	K4,734
9.	TOTAL RESOURCES	EXPENDED
				Staff	Depreci-	Other	Total	Total
				Costs	ation	Costs	2023	2022
	Direct Charitable
	Expenditure			176,525	15,376	95,749	287,650	322,623
	Management and Admin
	istration ofthe Charity						3,741	4,734
							f291,391	@327,357
	Wages and Salaries						158,551	156,860
	Social Security Costs						12,782	11,174
							171,333	168,034
	Employer's Pension
	Contributions						5,192	4,851
							f,176525	f,172 885
	The average number	ofemployees,		analysed	by function,	vvas:-
	Youth Workers						12	15

TANGIBLE FIXEDASSETS
	Freehold
	Land and ~Buildin s	KE~	Fixtures and FF~iti	Mi b	Total
Cost or Valuation 1stApril 2022	f330,000	f55,322	f15,920	f70,376	fA71,618
Additions at cost
Disposals
31aMarch 2023	f330,000	f55,322	f15,920	f70,376	fA71,618
Depreciation
1stApril 2022		43,877	14,359	16,158	74,394
Charge for Year		1,141	160	14,075	15,376
On disposals
31stMarch 2023		fA5,018	f14,519	f30,233	f89,770
Net BookValue 31stMarch 2023	f330,000	f10,304	f1,401	f40,143	f381,848
31stMarch 2022	f330,000	f11,445	f1,561	f54,218	f397,224

12.	INVESTMENTS		31.3.23
			Gain/(Loss)		31.3.23	31.3.22
			On		Market	Market
			Revaluation	Cost	Value	Value
	Blackrock Charities	UK Bond Fund A
	26136.364Income	Shares	(6,534)	46,000	38,682	45,216
	Blackrock Charities	UK Equity Fund A
	68864.363Income	Shares	(4,820)	214,000	488,248	493,068
			f11,354	f260,000	f526,930	f538,284

13.	DEBTORS	2023	2022
	Income Tax Recoverable	400	400
	Grants receivable	7,500
	Amounts Paid in Advance and Receivable	88	88
		R7,988	fA88
14.	CASH AT BANK AND IN HAND
	Cash at bank and in hand is divided between the Charity's	funds as follows;-
	(a) Unrestricted Funds
	Projects shortfall	59,000	59,000
	General income	28,408	10,214
		87,408	69,214
	(b) Restricted Funds
	General endowment
	Restricted income fund	153,695	130,201
	Total Cash at Bank and In Hand	8241,103	E199,415
15.	CREDITORS
	Due Within One Year
	Accruals	2,411	2,411
	Advance payment
	Deferred grants	23,284	30,111
		625,695	E32,522

16.	UNRESTRICTED FUNDS	2023	2022
	DESIGNATED INCOME FUNDS
	(i) Project Shortfall
	At I April 2022	59,000	59,000
	Transfer from/(to) General Income Fund
	At 31stMarch 2023	59,000	59,000
	(ii) Residential Investment
	At I April 2022	250,000	250,000
	Transfer from/(to) General Income Fund
	At 31stMarch 2023
		250,000	250,000
	Balance at 31March 2023	6309,000	K309,000
17.	UNRESTRICTED FUNDS:
	GENERAL INCOME
	Balance at 1stApril 2022	354,300	285,409
	Net Incoming (outgoing) Resources before Transfers	3,995	37,429
	Transfer from (to) Restricted Income Fund Gain (loss) on revaluation ofinvestments	( 56) (11,354)	31,462
	Balance at 31March 2023	R346,885	K354,300

18.	RESTRICTED FUNDS:		Balance	Movement	Movement	in Funds			Balance
	INCOME FUND		1stApril	N	~Echt		T	s	31stMarch
			2022	Resources					2023
	Reaching Communities	- BigLottery	Fund
	2019Grant		(623)	100,116	(94,005)				5,488
(ii)	London Borough ofSouthwark-
	Coronavirus		21,167				(21,167)
(iii)	Borough ofSouthwark	—Youth
	Service Grant		4,061	30,000	(34,061)
(iv)	Southwark Food and Fun
	Programme		1,080					(1,080)
(v)	"LEAP"Funds
	Girdlers Company		612	20,000	(12,244)				8,368
(vi)	Girdlers Company Trust		200						200
	Tenants and Residents	Safety
	Improvement Grant		98					(98)
(viii)
	Peter Minet Trust			37,500	(36,019)				1,481
	Kitchen Social/Health	&,Fed	2,528	32,820	(27,530)			(7,818)
	CIN - Youth Futures Foundation		1,220			(1,318)		98
	The Jack Petchey Foundation:-
	Award Scheme		5,753	3,800		(5,762)			3,791
	Fighting FIT		11,852	6,000	(10,724)			(7,128)
(xiv)	Nunhead and Peckham	Rye
	Neighbourhood Fund		3,332	5,000		(8,333)
	Rowena Quicke Legacy		1,500					(1,500)
	London Community Fund —Jubilee			5,500		(4,151)		(1,349)
	United St Saviours Trust		200			(200)

18.	RESTRICTED FUNDS:		Balance	Movement	Movement	in Funds			Balance
	INCOME FUND		1stApril	N	~ECht		T	1	31stMarch
	(continued)		2022	Resources					2023
	St Olave's Foundation		878	3,000		(1,800)			2,078
	London Borough ofSouthwark
	Football pitch - donated facility		11,210			(1,121)			10,089
	Grants for Minibus Purchases		28,697			(6,398)			22,299
	Peabody Trust		1,990			(1,990)
	Nunhead Knocks		102			(158)		56
(xxiii)	Young Volunteers (Duke of
	Edinburgh)		6,524	9,200		(3,057)			12,667
	Family Support Fund (Elinor	Blick)	7,205	2,566		(3,274)			6,497
	Wesminster School 2023			30,287			(30,287)
(~)	Solar Heating Grant			3,000			70,331		73,331
(~h)	¹Iwill Fund							(2)
(xxvni)	The Garfield Weston Foundation
			109,589	288,789	252,145			56	146,289
19.	RESTRICTED FUNDS:
	EXPENDABLE ENDOWMENT	FUND				2023			2022
	Balance at 1st April 2022					330,000			330,000
	Transfer to general income
	Balance at 31st March 2023					f330	000	8330000