Registered Charity No: 1197416 Charitsble Incorporated Organisation PRINCEfowN PAVILION YowfH CLUB REPORT AND Accouirrs for the annual flnanclal period ended 31st December 2024
PRINCETOWN PAVILION YOUTH CLUB Charitable Incotporated Or9anisation INDEX TO THE FINANCIAL STATEMENTS for the annual perfod to 31st Docember 2024 Page Legal and Administrative Infomation Report of the Truslees Report of the Independent Examiner Stalement of Financial Activities Balance Sheet Notes Forming Part of the Financial Ststwnents 7 - 10 Page 1
PRINCETOWN PAVIUON Y Charitable Irwraled Organisath)n Lryal and Admlnlstratlv• Infoffln Prlnclpol Offlc• Baack Roal PrIntr Yel¥erton PL20 SFB WooLYands. Rosthl Comwal TR20 8TE Bankorn Page 2
PRINCETOWN PAVIL CL Charrtable Incorporated Organisation REPORT OF THE TRUSIEES for th• annual p•rlod to 318t DK•mb•r 2024 month wiod 31st De(xnkr. 2024. Thè finantial slatemerts have RewtiNJ by Chwiiies. CONSTrruTION AND OWECTS Pnl0¥ Patsllion Club is 8 (tsity regktered a$ a tJdy COFwxate under Part 11 of the Ch81ils Ad 2011 No. 1153542. regF5tered on 101h January, 2022. The objects of chaTty are the pro¥i5ion of youth sep•ices in the ORGANIS4nON aTe sel on pe 2. TRUSTEES. RESPONSIBILMES Law appkAe lo (wiiEs in Eryland arKI Wths reqiwres the1ruslees to prepare fmanciJ slatemwts each finan(ial V•tiith gve a true arJ fair view oftho charilYs 8tale of affars durir4J the financial per aTrJ of ils financial posilion at the of In ppaArj those acc(xffts, tr1¢¢9 are Tequire(I to.. -select suilable accounling Fdicies arNJ t1 appty them consiste1Y,. .m&ke Jgern and est¥nates that are reasonable 8rJ pnJJ&rt'. .state the awicable accounting standards aTrJ atements of mrnerthj practiee have been ft1041 subject to arry d8Partur85 disdosed explained financial slatements" and The trustees are reskM)rn%ible for mak)tslning prw aeoiunling fe¢ofds disdose lih reasonable accwacy at any lime the financial position of tharity a1 lo ble them lo wBure that the financial statemerrfs compfy v4ith Ihe Charilies 2011. TW are so respwtsible for $8feguarfing the assets ofthe tharity and lor lakwwj reasonable steps f we5tiOn and dete¢lim of fraud and other irregulaiilies. knlee$ a1 $wJTd on tsir behaw by.. J. 2025 Page 3
REPORT TO THE TrUSTEES OF PRINCETOWN PAVILION YO TH CLUB Chaiitabk Irwwaled OryaThsation for the an1 lOd to 31•t De¢emb•r 2024 The Chartls Trustees are responstrfe fof the eparOn of tre accoLmts. The Charrtys TteeS C(51der that an aj11 is not required Ihrs JEar uryjer seclion 144 of tt Chits Aet 2011 Ctr Charilie5 Acr) ar that iThp8rhJent examinatlon 15 needed. 11 is my respwEibility to.. lo loll(r•V the wdUleS laKI d(Y•fvn in the gerwal directi[5 giwi ty Charity Commissm {utKIBr sedion 14515)Ib) Off CharrtEs Art a1 lo state partilar matters have Come lo my attention. My examénabon vrds carried out kn accordanct the general DKections gIn by Charity Commi55ion. An examina11c indLMles a re¥iew of Ihe accoting records kept ty the chanty aThi a comparison oftr acco Kyesaited lIh Ihose records . It also indudes conskleration of ary wAtsuèl items or ¢thsd05we¥ in the accowrts wJ seekirKJ explatIonS from trustees. conceming any such matters. The procethtres wthrten do not IJe all the ede thal be rwred In an a(•Jrt aryl ConSeqtrY no On is as to w41her the acc(Mmts esent a In Kl fa atKI ts tetth 15 Imiled to Ihose matters Set out Kl Ihe statemert beltr•V. In conneclion *ilh my examlnakn. no matter has come lo my attertk)n: 1) tuth gNes me reasonable cause to tdteNe that in any material respBd thè to keep ac¢thNknJ re¢(¥ds kn a¢c<wdan¢e vdth sedfion 130 olt to prepare xcounts acc with Ihe acCOtry records aThJ compty ilh Ihe a(xx)untitvJ wwemerts of the Chaiities Act have not been met: or to vthidi. in my opini, attenlion Shol be dravm In oth to em1 a rKoper (lersWKtiry of to be reached. 2) .Vthry 101h J4ty. 2025 Page 4
PAVIUOM YOUTH CLU fr>rlh••nnu•l r•dod to 31•t D•e4mb•r 21J24 Restricted Fund• Fund• 28,478 93 26.478 40.102 49.240 411.1112 4.447 -11532 4297 R•coThElllallon rA FundB: Tthl Fund•W For**d 14192
PRINCEfowN PAVIUON YOUTH CL Ch8rtiable Incorrffjted an•boTh BANcE SHEET AS AT 313T DECEMW 2024 31M2f2024 31112r20rJ xeD ASSETS Tang*)be Assels ¢208 10.367 CURREMT ASSErs fAsh at Bank & in HarKI 11.n7 13 11 647 11.750 CREDITORS AMD ACCRUALS: 12 10.222 WET CURRENT uA8E8. 1.528 TOTAL AS8Efs L&8S CURREllf LIABIUT]E&" 11,895 CAPITALAND RESERVES Resknded 2.810 11.895 Efv-4fv48 6yL0ts4 inl Name 2025. Page 8
PAVIU YOUTH CL charItsb Incorporated Organisalion for th• annual pwlud to 31st O•umb•r 2024 1. XCOUNTIIIG P(LICIES: aceordar• th Il FinanoBI ReFth"rg applcable lThlhe UK and of Irdand (FRS 102) is$ M 16th JY 2014 8tNI IhE FinarKial Repoibrb3 Starnlard appkcth kn ttp UK aThJ Rewcol IrelaThJ IFRS 102) arn1 Ih? Ad2011. ReS0w ey¥ended are recognised in the pert&1 In thich Ifw ar• Mwred. Rwow¢xs Dg•19n•tod Fund• 1111¥kn24 31llV2Q3 3. CURRENT A8SETS: C•Bh 31112024 31112r2023 Nat WeSl*rX4ftI Petycash 1719 11.219 518 2.818 11.n7 Pap7
PAVIU YOUTH CLUB 3111W2D 28.478 2V78 41365 26.478 TBld Fu 4.214 I8.7 19W) 172$ no &811 710 312 1.759 527 118 2,1 159 4.110 4llP 4i1D2 49.240 Fupl 312 4.110 4.110 4110 7.611
IONY lor1h•A¥ll p•rh)d to 31•t D•C•ml024 16m ).441 16, 18,W2 kYJ.126 4.110 2A40 I6.2 1QJ•S 10. TAXAlkYI 847 13 1.712 312 2275 1175 UKYr¥ DYS Sw* 713 P4eg
PRINCEfob*74 PAVILION YOUTH CLUB IIOTES TO ThE FcIAL STATEMEIITS fortho mnual porlod to 31•t l)ec4mbor 2024 11 IIOVEMEMTr 11 FUNDS 142 2,375 10.87S 8,136 142 2,375 17. 10,695 Naal Lott UK yOh DYSS 26h7• 36,682 11.B05 20W1 4D,102 I& PIJRP03E QF RESTRICIED GRAwf FVIIDINO DYSS LIKY Page 10