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 0￿EcTs 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 con￿rn 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 deteCt￿n of fraud and other irregularities_ Approved by the trUst￿S 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 a￿untIng records in aox$rdan￿ wth seth.on 130 of the Charities Actr" and - to prepare arLounts which accord with the accounting records and comply th the acceunting requirements of the Charib'es Act have not been met. or to which, in my opiriion, attentyon should be drawn in order to enable a proper understanding of thè accounts to be reached. 21 Signed.. M. Vickery St. Kew Accountancy Ltd. 10th April, 2024 Page 4 PRINCETOWN PAVILION YOUTH CLUB Charitable Incorporated Organisation Statement of Fina-. rial Activities includi an Income and Ex nditure Account lor the annual to 31st Decernber 2023 Totsl Funds 2023 Totsl Ftsnds 2022 ilnresiricted Funds Designated Fund5 Incoming Resources FuThJs Income and Endownents Frorn". Donation5 Charrtable A¢bv[t￿5 Investments Other 4.619 1,500 46.096 42,365 46,984 Totsl Incomlng Resour 4.619 42,365 ,984 47.595 Resour¢es Expended Lxpenditure On". Charrtable Activrt*5 Other 49,280 49,280 44.055 476 Total ResoU￿e$ 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 & p￿paYmentS 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 S￿ned -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 0￿mse stated in the ielevant notes to these accounts. The aco)unt5 have prepared In acTh)r(1an￿ wrth the Statement of Rec￿nmeF￿ed Prac.1￿.. AcrA>untyng and RÈpO￿ng by Cbattties prepanng their a{￿Unts in ac￿rdan￿ wrth the finanual Reporbng Standard applicab￿ In the UK and Republic tsf I￿la￿K1 IFRS 10211s.-.i'.od on 16th July 2014 aThl the Finanaal Reporting Standard applicab￿ in the UK and RepukAic of I￿13nd IFRS 1021 and with the Charitw Act 2011. Expendituro Resou￿$ expende(: are rwn15ed In the peric*Y in which they are lnojff￿J. Resou￿$ expended Incjude aV￿bUt31Ae VAT not tre recThered. Unrestri¢ted Funds un￿$triCted fun¢Ys are donations. fees incorn8 and other Incc¥ning r8SoU￿$ r￿1Vable or generated for the objerts ofthe ¢tharity without furlh8r 5r￿￿fEd purpose and are available as ger￿al .Jnds_ Deslgnated Funds DeS￿nated funds afe unrestr**J 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 ¢tharg￿j 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$