Registered Charity No: 1197416 Charitable Incorporated Organisation PRINCETOWN PAVILION YOUTH CLUB REPORT AND ACCOUNTS for the annual financial period ended 31st December 2023
PRINCETOWN PAVILION YOUTH CLUB Chari',able Incorporated Organisation INDEX TO THE FINANCIAL STATEMENTS for the annual period to 31st December 2023 Page Legal and Administrative Information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes Forming Part of the Financial Statements Page 1
PRINCETOWN PAVILION YOUTH CLUB ChariTable Incorporated Organisation Legal and Administrative Infonnation Trustees Emma Byrom Adrian Kemp Chair Treasurer Kate Butterworth Serretary Principal Office Barrack Road Princetown Yelverton PL20 6FB Accountants Sl. Kew Accountancy Ltd. Patto Owriak, Alen Park St. Kew Highway, Bodmin Cornwall PL30 3AR Bankers Natwesl Bank Page 2
PRINCETOV¥N PAVILION YOUTH CLUB Charitable Incorpjrated OrganisatK)n REPORT OF THE TRUSTEES for the annual period to 31st December 2023 The trustees present their report along with the financial statements of the chanty for the le1ve month period ended 31st December. 2023. The financial statements have been prepared in accordance wrth the accounting polÈ(aes set out on page 7 and the recommendations of the Statement of Recommended Practs. - Accounbng and Reporting by Charits"es. CONSTITUTION AND 0EcTs Princetown Pavilion Youth Club is a charty registered as a bc%Jy corporate under Part 11 of the Charities Act 2011 No. 1153542, reg'.5tered on 10th January. 2022. The objects of the charity are the provision of youth services in the PrinTrlown area. ORGANISATION The trustee5 who have served during the peiiod under review and since the perlod end are set out on page 2. TRUSTEES. RESPONSIBILITIES Law applicable to charrties in England and Wales requires the tnjstees to prepare financial statements for each financial year wliich give a tnje and tsir view of the charity's stale of affairs during the financial period and of its Inanckql FK)sib"on at the end of the period. In prepanng those accounts, the tru-tees are required to". -select suitable accounb.ng policEs and then apply them eonsislently., -make judgements and estsrnates that are reasonable and prudent., -state whether the applicable accounb.ng standards and statements of recommended practice have been followed subj.ect to any departures disclosed and explained in the financial stalemenls," and -prepare the financial statements on the going conrn basis, unless it is inappropriate to presume ihat the charrty will contr.nue in business. The Iruslees are fesponsible for mair,taining proper accounting records which disckise with reasonable accuracy al any lime the rinancial position of the charity and to enable them to ensure that the financial Statements -ornpty with the Charrties Act 2011. They are also responsible for safegLarding the assets of the chartty and hen for taking reasonable steps for the prevention deteCtn of fraud and other irregularities_ Approved by the trUstS and 5ignea on their behalf by= Dated.. ..Aprt, 2024 d)k ifj L* Page 3
REPORT TO THE TRUSTEES OF PRINCETOWN PAVILION YOUTH CLUB Chanlable Incorporated Organisation for the annual period to 31st December 2023 Res ective Res nsibilities of Tntstees and Examiner The Charty's Trustees are responsible for the preparalK)n of the accounts. The Charity's Trustee5 consider that an audit is not required this year under section 144 of the Charities Act 2011 ('Ihe Charities ACYI and Ihal an independent examinabon is needed. 11 is my responsibility lo.. - examine the accounts under seet.on 145 of the Charities Act, lo follow the procedures laKI down in the general direth'ons given by the Charity Commission (under section 14515llbl of the Charities Act. and - to state whether particular matters have come to my attention. Basis of Inde ndent Examinerfs Re My examination was carried out in accordance the general Directions given by the Charity Commission_ An examination includes a review of the aecounting record5 kept by the charity and a comparison of the accounts presented wrth those records . 11 also Includes consideration of any unusual rtem5 or disclosures in the accounts and seeking explanation5 from the trustees, concerning any such matters. The procedures undertaken do not PlOVKJe all the eviden that would be required in an audit and consequenlty nc opion is given as to whethef the accounts present a 'lrue and fairf view and the report is limited to those matters set out in the statement below. Inde endent Examinerfs Statement In connection with my examination, no mattel has come lo my attention.. which gives me reasonable cause to believe that in any material respect the requirements". - to keep auntIng records in aox$rdan wth seth.on 130 of the Charities Actr" and - to prepare arLounts which accord with the accounting records and comply th the acceunting requirements of the Charib'es Act have not been met. or to which, in my opiriion, attentyon should be drawn in order to enable a proper understanding of thè accounts to be reached. 21 Signed.. M. Vickery St. Kew Accountancy Ltd. 10th April, 2024 Page 4
PRINCETOWN PAVILION YOUTH CLUB Charitable Incorporated Organisation Statement of Fina-. rial Activities includi an Income and Ex nditure Account lor the annual to 31st Decernber 2023 Totsl Funds 2023 Totsl Ftsnds 2022 ilnresiricted Funds Designated Fund5 Incoming Resources FuThJs Income and Endownents Frorn". Donation5 Charrtable A¢bv[t5 Investments Other 4.619 1,500 46.096 42,365 46,984 Totsl Incomlng Resour 4.619 42,365 ,984 47.595 Resour¢es Expended Lxpenditure On". Charrtable Activrt*5 Other 49,280 49,280 44.055 476 Total ResoUe$ Expended 49.280 49.280 44,531 Net movement in Funds 4.619 .915 -2,297 3.063 Re¢onciliatlon of Funds Total Fund$ Brought Fowward 16.¢KK) 14,192 11,128 Total Fund5 Cathe(l Forward 11,895 14. 92 P¥5
[IRINCETOWN PAVILION YOUTH CLUB Chantable Incorporated Organisalion BALANCE SHEET AS AT 31ST DECEMBER. 2023 3111W2023 3111212022 FIXED ASSETS Tangible A55ets 10.367 17,866 CUR,RENT ASSETS Cash at Bank & in Hand Debtors & ppaYmentS 11.737 13 4,223 256 11.750 4.478 CREDITORS AND ACCRUALS: Atnounts falling due thIn one year 12 10,222 8,152 NET CURRENT LIABILITIES: 1,528 -3.674 TOTAL ASSETS LESS CURRENT UABILITIES: 11.895 14,192 CAPI fAL AND RESERVES Income and Expendrture Account. Restricted Designated Unrestricted 9,084 16.CKX) 2.810 -1,809 11,895 14,192 Sned -Print Name Approved on.. o,t,k- Io L4 Page 6
PRINCETOWN PAVILION YOUTH CLUB Charitable Incorporated Organisab'on NOTES TO THE FINANCIAL STATEPIJENTS for the annual period to 31st December 2023 1. ACCOUNTING P(JUCIES'. Accounting conver.+ion The financial staterni.li ts have been wepar•Y uTrJer the historical ILJst (xjnvention wrth rtems recognised at cost ortransaction value 0mse stated in the ielevant notes to these accounts. The aco)unt5 have prepared In acTh)r(1an wrth the Statement of RecnmeFed Prac.1.. AcrA>untyng and RÈpOng by Cbattties prepanng their a{Unts in acrdan wrth the finanual Reporbng Standard applicab In the UK and Republic tsf IlaK1 IFRS 10211s.-.i'.od on 16th July 2014 aThl the Finanaal Reporting Standard applicab in the UK and RepukAic of I13nd IFRS 1021 and with the Charitw Act 2011. Expendituro Resou$ expende(: are rwn15ed In the pericY in which they are lnojffJ. Resou$ expended Incjude aVbUt31Ae VAT not tre recThered. Unrestri¢ted Funds un$triCted fun¢Ys are donations. fees incorn8 and other Incc¥ning r8SoU$ r1Vable or generated for the objerts ofthe ¢tharity without furlh8r 5rfEd purpose and are available as geral .Jnds_ Deslgnated Funds DeSnated funds afe unrestrJ fvnds eama]ed by the managenEnl commrttee for particular putFMW. Rèstricted Funds Restncted funds are D t* used for purrM)ses as la¥J by the donor. Expenditure which cxrteria is ¢thargj to the knnd. t(oether vthh a fair allocats.on of management supp)rt costs. 2. DONATIONS 3111212023 Totsl 3111212022 Toial General donatic¥)s 1.500 1,500 3. CURRENT ASSE-S: Cash and 8ank 3111212023 3111212022 Cash at Bank". Nat W$<t Aco)unt Petiy Cash 11,219 518 4.120 103 11.737 4,223 4.TRANSACTIONS THE TRUSTEES During the year the tnanty did not reinbur5e trustees. expenditure. Page 7
PRINCETOYIN PAVtLION Yom CLUB Cr.anlabk Inujrporaled OrganBalion IÉS TO TrE FIPiA)ICWSTATEMENYS forthe annual to 31st December2023 S. INC¢XAING RESLKFICES 3t112r4J23 31112Q022 42.365 387 4.232 Fwhyra5VWJ 4232 4.619 42.365 46Jtt4 47.sgs DIRE¢T CKARITABLE EXPEtr4t¥WRE 331112r1023 31112r2022 Totsl FUlS TLYFujs Fund Fund 19. 25.83S 476 4.a82 55 1.147 2.719 4.1 S,B11 S,811 291 312 1.759 312 1,759 472 77 119 119 Transpxt TllpWorkKv f.949 1.282 395 159 959 Wal8r e$ 7.499 49.2BO 49.280 44.715 7. NET 114COMING RESOURCES FOP. THE YEM Ths STaW thcharg FLThI Fwwj 31112r2023 3111¥J)22 Audit<K5 Remunwabon Dtweoaton 312 7499 312 476 7.4 7,811 . STAFF COSTS NUIABERS 3111212023 31112r)22 19.2 25.835 The avwektynurnberdempwes dwirfj tr)*¥r. cffithe equwats. was as ful(PhE. 3111212D22 P•Je 8
PRINCETOWN PAVIUON YOUTH CLUB chan-.able IncorKx)rated Organisabon IKITES TO THE FINANQAL STATEMEMrs for the artnual period to 31st Decernber 2023 9 TANGIBLE FIXEDAsSs.. For valuation pwses. deprecwbty) is 1C91td atlhe folkning annual r81es, in orderto ylte off eath abset over it5 e51imated ". VehKJe Equiprfni 18% M a slrapjhl bas. 18% cffj a stwhl bas. EqUiPrt Vohicle Total C05t Brought Forwa Additions 16.aw2 13.fAM 30.492 As al 31st DMber. 2 1&892 13.600 30.492 Depreclat60 Browhl FotwaFd Charye forlhe pe 10.179 5.051 12.627 7.499 As at 31si 2 15.230 20.126 Net 8ook Vlue-. As ai 31st tkcember. 202:. 8.704 10.367 Net Bool ValuE: AS 311st Jarnjary. 2023 6.713 11,152 17,B65 10. TAXAnoN The thanty exemptfrom cwporation 13xon its (aritable a(*Mtyes. 11. DEBTORS AND PREPAYIIEIITS.. 31MW2023 31112f2022 Dobtor& Prepayments 219 37 13 13 256 11 CREDITORS.. ArnDunts f4lllng duèwlthln (Th year J111212fj23 31112r Credito Sala Professi1 Fees 1.7f2 312 1.933 293 Accruals GralS.. Sport ErKJkr TADYP National Lott UK Youth DYS Spa tkvon ComwiiJrwty F(kn. 14SO 1.276 2J75 2.175 1.250 713 10,222 8.152 Page 9
PRINCETOWN PAVILION YOUTH CLUB Charitable Incorporated Organisab"on NOTES TO THE FINANCtAL STATEMENTS for the annual period to 31st December 2023 13. MOVEMENTS IN FiINDS Restri¢ted Funds At 01A11r22 Resources Resources Ttsn51ers At31112123 West Devon Youth Partnership West Devon BC Devon and Comw311 Police Children In Need National Lottery UK Youth Devon County Counryl Devon Comrnunity Foundalion DYS Space Sport England 2.432 2.432 2.500 16.000 16.orK) 7.125 7.125 6.525 11.183 6.525 2,559 8.624 1.750 1.750 Totsl Restricted Fund5 16.0 42.365 49.280 9,084 Totsl Unrestricted Funds 4.619 2I10 Totsl Funds 14,192 46.984 49.280 11.895 14. CAPITAL COIWIITMENTS The charty has no Capital ccfnmth-4t5 as a1315t tcember 2023. 15. PURPOSE OF RESTRICTED G-.%ANT FUNDING West Devon Youth Parb15h4) To contrilmjle to ttE premi. k"e delivery and staffing wsts. hildren In Need FL$NJI Ihe jUn)rYouIh programtne. DYS Space To sWA(tre Youlh Projed and cost of wages. Devon Communty Foundation To sUKWtvUlnerab twk. Devon County Counc41 For ho&tsy actNities arKI prtsvtsn of f1. Lottery To SL¥¥KYt an aLvty piogramme Sport England To support an actmty prffjrnmry. West Devon BC WinterWellieiNJ Fut. Oevon arKI Corrmall Pol To dis(xJurage anSOcIal tehaU. UK Youth A graiit PTovhYing general finantial 5ukwrL DYS Spa Winlerwellbeing TrsÈ n05 form part of Ihe financial statnents. Page 10