Keswick Youth Centre Services CIO
Financial Statements
31 July 2024
Charity Number 1199550
Keswick Youth Centre Services CIO
Index to the Financial Statements for the year ended 31 July 2024
| Page | |||
|---|---|---|---|
| Charity Information | 1 | ||
| Trustees' Report | 2 | ||
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Statement of Financial Activities Prior Year Comp | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | - | 13 |
Keswick Youth Centre Services CIO
Charity Information for the year ended 31 July 2024
Charity Number 1199550 Board of Trustees E Buckley J Grave J Jorritsma G Lovatt G Mendus C Walker Registered Office 23 The Headlands Keswick Cumbria CA12 5EQ Independent Examiner Frances Clark Keswick Accountants 4 Leonard Street Keswick CA12 4EJ Bankers Cumberland Building Society 30a Station Street Keswick Cumbria CA12 5HF The Co-operative Bank 147 Church Street Preston PR1 3UD
Page 1
Keswick Youth Centre Services CIO Trustees Annual Report for the year ended 31 July 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2023.
Legal Status
Keswick Youth Centre Services is governed by a constitution. Legal and administrative information set out in page 1 forms part of this report. The financial statements comply with current statutory requirements and Statement of Recommended Practice (SORP) for accounting and reporting for charities.
Organisation
Keswick Youth Centre Services CIO has a board of Trustees who manage and run the building and oversee the running of the Youth Club. The Trustees who served during the year were:-
E Buckley – appointed 29/11/2023 J Grave – appointed 29/11/2023 J Jorritsma G Lovatt G Mendus S McLoughlin Booth – resigned 29/11/2023 S Moran – resigned 31/07/2024 S Starkey - resigned 29/11/2023 C Walker – appointed 01/04/2024
Appointment of Trustees
Trustees are appointed at the AGM. At each AGM one third of Trustees resign and are available for reelection. From the Board of Trustees a chairman, secretary and treasurer are appointed.
Risk Assessment
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Investment Powers and Restrictions
The trustees have the power to invest in such assets as they see fit.
Objectives and Activities
The trust is established to help and educate young people, particularly but not exclusively, those between the ages of 9 years and 25 years, through their leisure time activities and thus develop their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and members of society and their conditions of life may be improved.
Summary of Main Activities in Relation to these Objects
The past year has seen a multitude of key initiatives come to fruition, while dealing with the ongoing challenge of finding enough Trustees and volunteers to deliver our services:
Membership and youth work
a) Membership continued to thrive, remaining at c180 young members by the end of the school term. We also welcomed a new Year 6 group at the start of the new academic year, filling one of three weekly sessions we run.
b) Completion of the second year of the three year grant from Cumbria Community Foundation (Better Tomorrows) which enabled us to employ a ten hour per week youth worker. This role also included running a successful Summer Programme in 2023. We’re currently fundraising to secure the next 3 year funding for this vital role, as well as fulfilling our ambition to extend the hours available for this role + expand to 2 paid youth workers in the year ahead.
Trustees and volunteers
a) At the 2023 AGM, two of our Trustees resigned after playing a vital role in our recent past, with our
Page 2
Keswick Youth Centre Services CIO Report of the Trustees, contd. for the year ended 31 July 2024
Objectives and activities (cont)
Trustees and volunteers (cont)
b) We are grateful to have found two new Trustees during the year and are currently still searching for an additional 2-3 Trustees in order to fulfil our near-future ambitions as a charity.
c) Our group of c12-15 volunteer youth workers continues to fluctuate during the year and expanding this pool remains a priority for the 2024-25 financial year
Rawnsley centre
a) Following a lot of local community support, our new KYC hub at the Rawnsley Centre opened in June 2023 and has served us extremely well in the first year of our 3-year lease. The space has allowed us to organise many activities for our young members, across the year-groups through 3 weekly sessions.
b) The space has also allowed us to collaborate with several community groups, including the Keswick Scouts, the Alhambra Cinema, Keswick Theatre and the Keswick Tourism Association
Old Mill asset
a) The Trustees worked hard during the year to secure a partner to help build and manage the planned carpark at our currently unused Old Mill site and at the end of the financial year has sight of finally achieving this.
Fundraising
a) During this financial year, KYCS has been supported by the Cumbria Community Foundation, Keswick Town Council, the Hilmarnon Trust and Keswick Lions, in addition to many individual donations received through our locally distributed collection tins, JustGiving page and at the Victoria Fayre.
b) Our Trustees, supported by our volunteers and young members, will continue to focus on both short term fundraising initiatives, as well as longer-term grants to fund our activities and ambitions.
Current Position and Future Plans
Key short to medium term priorities for the board of Trustees remain:
-
Strengthening our group of trustees, to enable us to secure a sustainably funded long-term future for KYCS
-
Widening our pool of volunteers, to enable expansion of our activities and club nights in line with the demand
3.Expanding our fundraising to cover: One or two additional paid youth workers Our expanded space at the Rawnsley Centre Our expanded youth working activities The building of our carpark on the Old Mill site
Once we have secured these priorities, we will be able to turn our attention to the project of bringing the approved plans for a new Keswick Youth Centre on the Old Mill site to life.
Page 3
Keswick Youth Centre Services CIO
Report of the Trustees, contd. for the year ended 31 July 2024
Financial Review
During the year the club had net outgoing resources of £2,277 (2023 outgoing £914). This is made up of net incoming resources of £1,869 on general reserves and net outgoing resources of £4,146 in restricted funds. When these are added to the brought forward reserves of £233,883, the closing reserves are £231,606. This is made up of £7,872 general reserves and £223,734 restricted funds. The restricted funds is made up of £200,000 valuation of the land and £23,734 cash reserves.
Policy on Reserves
The Trustees are aiming to keep the reserves at the highest level possible over the next 2 years to ensure that maximum funds are available for the project to construct a new centre for young people.
Declaration
The Trustees who served during the year are detailed on page one.
Approved by the Board and Signed by order of the Trustees
Mr J Jorritsma
Date: 04 December 2024
Page 4
Keswick Youth Centre Services CIO
Independent Examiners Report for the year ended 31 July 2024
I report on the accounts for the Trust for the year ended 31 July 2024 which are set out on pages 5 - 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year, under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examiners report is needed. It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The proceedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
Independent examiners' statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements to:
-
keep accounting records in accordance with s130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met;
or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Frances Clark FCA CTA Appleside 4 Leonard Street Keswick Cumbria CA12 4EJ
Page 5
Keswick Youth Centre Services CIO
| Statement of Financial Activities for the year ended 31 July 2024 Notes INCOME Donations and Grants Donations and gifts 2 Membership Income Grants receivable 3 Income from charitable activities Youth club income Other trading activities Fundraising 4 Investment Income 5 Total income EXPENDITURE Cost of raising funds Fundraising costs 6 Expenditure on charitable activities Youth club running costs 7 New build costs 8 Administration Costs 9 Legal and professional 10 Total expenditure Net income / (expenditure) Unrealised gain on revaluation of investments Net movement in funds Total funds brought forward Transfers between funds Total funds carried forward 11 Funds Analysis Fixed Asset Reserves Free Reserves |
Un-restricted Restricted Funds Total £ £ £ 1,919 250 2,169 - - - 650 21,938 22,588 - 104 104 559 - 559 - - - 3,128 22,292 25,420 302 - 302 298 25,499 25,797 - - - 659 939 1,598 - - - 1,259 26,438 27,697 1,869 (4,146) (2,277) - - - 1,869 (4,146) (2,277) 8,918 224,965 233,883 (2,915) 2,915 - 7,872 223,734 231,606 - 200,000 200,000 7,872 23,734 31,606 7,872 223,734 231,606 31 July 2024 |
31 July 2023 Total £ 8,806 - 25,404 137 961 - 35,308 558 25,898 6,398 3,368 - 36,222 (914) - (914) 234,797 - 233,883 200,000 33,883 233,883 |
|---|---|---|
The notes form part of these financial statements
Page 6
Keswick Youth Centre Services CIO
| Statement of Financial Activities - Prior Year Comparative | Statement of Financial Activities - Prior Year Comparative | Statement of Financial Activities - Prior Year Comparative | |
|---|---|---|---|
| for the year ended | |||
| 31 July 2023 | 31 | July 2023 | |
| Restricted | |||
| Un-restricted | Funds | Total | |
| £ | £ | £ | |
| INCOME | |||
| Donations and Grants | |||
| Donations and gifts | 1,806 | 7,000 | 8,806 |
| Membership Income | - | - | - |
| Grants receivable | - | 25,404 | 25,404 |
| Income from charitable activities | |||
| Youth club income | 124 | 13 | 137 |
| Other trading activities | |||
| Fundraising | 961 | - | 961 |
| Investment Income | - | - | - |
| Total income | 2,891 | 32,417 | 35,308 |
| EXPENDITURE Cost of raising funds Fundraising costs Expenditure on charitable activities Youth club running costs New build costs Administration Costs Legal and professional |
558 295 - 767 - |
- 25,603 6,398 2,601 - |
558 25,898 6,398 3,368 - |
| Total expenditure | 1,620 | 34,602 | 36,222 |
| Net income / (expenditure) | 1,271 | (2,185) | (914) |
| Unrealised gain on revaluation of investments |
- | - | - |
| Net movement in funds Total funds brought forward Transfers between funds |
1,271 8,782 (1,135) |
(2,185) 226,015 1,135 |
(914) 234,797 - |
| Total funds carried forward | 8,918 | 224,965 | 233,883 |
| Funds Analysis Fixed Asset Reserves Free Reserves |
- 8,918 |
200,000 24,965 |
200,000 33,883 |
| 8,918 | 224,965 | 233,883 |
The notes form part of these financial statements
Page 7
Keswick Youth Centre Services CIO
| Balance Sheet as at 31 July 2024 Notes Fixed Assets Tangible fixed assets 13 Investments Current Assets Stock Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year Creditors and accruals 15 Net Current Assets Total Assets less Current Liabilities NET ASSETS Funds Restricted funds 11 Unrestricted funds 12 |
31 July 2024 £ £ 200,000 - - 2,255 29,351 31,606 31,606 231,606 231,606 223,734 7,872 231,606 |
31 July 2023 £ £ 200,000 - - 2,071 31,812 33,883 33,883 233,883 233,883 224,965 8,918 233,883 |
|---|---|---|
Approved by the trustees and signed on their behalf
J Jorritsma Acting Chairperson Date:
The notes form part of these financial statements
Page 8
Keswick Youth Centre Services CIO
Notes to the Financial Statements for the year ended 31 July 2024
1 Accounting Policies
General
These accounts have been prepared on a receipts and payments basis, and in accordance with the Charities SORP 2005 (Statement of Recommended Practice), and the Charities Act 2011.
Tangible Fixed Assets and Depreciation
Assets used for charitable purposes, with an expected useful life exceeding one year, are capitalised on the balance sheet. Depreciation is provided at the following annual rates in order to write off each asset over its expected useful life:
Office Equipment 25% on reducing balance Computer Equipment 3 years straight line
No depreciation is provided on the property.
Income
Income received is made up of donations, grants and bank interest. The income is included in the SOFA when it is received. The value of services provided by Trustees is not included.
Expenditure
Expenditure is accounted for on an paid basis. Where it relates to a specific project it is allocated to that project as restricted expenditure. Expenditure that relates to the objects of the charity is classified as charitable activities. The costs of generating funds are separately identified.
Funds
General funds are those where no restrictions have been placed upon the specific spending of the funds by the donor. Designated funds are those funds where the directors have chosen to earmark general funds for a specfic purpose. Restricted funds are those funds where the donation is received for a specific purpose as set out by the donor, and when the
| 2 Donations and gifts Donations |
Unrestricted Restricted Total £ £ £ 1,919 250 2,169 1,919 250 2,169 31 July 2024 |
31 July 2023 £ 8,806 8,806 |
|---|---|---|
Page 9
Keswick Youth Centre Services CIO
Notes to the Financial Statements for the year ended 31 July 2024
| 3 Grants Receivable Keswick Town Council Cumbria Community Foundation Soundwave Cumbria County Council Hilmarnon Trust PCC Grant Keswick Lions 3 Rental Income Youth club income 4 Fundraising Shows and fairs 5 Investment income Bank interest received Dividends received 6 Fundraising costs Shows and fairs costs Other fundraising costs 7 Youth club running costs Session expenses Wages Youth café expenses Rawnsley set up costs Venue rent Summer activity costs 8 New build costs Architects fees Structural engineers fees Legal fees Agent fees 9 Administration Costs DBS checks Insurance Room hire Postage and Stationery Printing Computer costs Website Advertising Subscriptions 10 Legal and professional Professional fees Consultancy |
Unrestricted Restricted Total £ £ £ - 5,777 5,777 650 8,411 9,061 - - - - - - - 5,750 5,750 - - - - 2,000 2,000 650 21,938 22,588 - 104 104 - 104 104 559 - 559 559 - 559 - - - - - - - - - 302 - 302 - - - 302 - 302 - 2,666 2,666 200 7,262 7,462 - - - 98 - 98 - 14,500 14,500 - 1,071 1,071 298 25,499 25,797 - - - - - - - - - - - - - - - 181 - 181 - 549 549 - - - 22 36 58 - - - 45 - 45 36 354 390 32 - 32 343 - 343 659 939 1,598 - - - - - - - - - 31 July 2024 |
31 July 2023 £ 3,605 8,209 290 10,000 3,300 - - 25,404 137 137 961 961 - - - 342 216 558 2,716 8,538 118 5,144 8,734 648 25,898 - 1,530 4,868 - 6,398 157 747 80 - - 230 1,854 118 182 3,368 - - - |
|---|---|---|
Page 10
Keswick Youth Centre Services CIO
Notes to the Financial Statements for the year ended 31 July 2024
| 11 Employee Remuneration Wages 12 Trustee Remuneration and Expenses |
31 July 2024 £ 7,262 7,262 |
31 July 2023 £ 8,538 8,538 |
|---|---|---|
No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any person or persons known to be connected with any of them.
13 Tangible Fixed Assets
| Land £ Cost At 1 August 2023 200,000 Additions Disposals Revaluation - At 31 July 2024 200,000 Depreciation At 1 August 2023 - Charge Elimination on disposals At 31 July 2024 - Net Book Value At 31 July 2024 200,000 At 31 July 2023 200,000 14 Debtors Trade debtors Prepayments 15 Creditors: amounts falling due within one year Accruals |
Equipment £ - - - - - - - 31 July 2024 £ - 2,255 2,255 31 July 2024 £ - - |
Total £ 200,000 - 200,000 - - 200,000 200,000 31 July 2023 £ - 2,071 2,071 31 July 2023 £ - - |
|---|---|---|
Page 11
Keswick Youth Centre Services CIO
Notes to the Financial Statements for the year ended 31 July 2024
| 16 | Funds | At | At | |||||
|---|---|---|---|---|---|---|---|---|
| 1 August 2023 | Income | Expenditure | Transfers | 31 July 2024 | ||||
| CCF Better Tomorrows 2 | 5,601 | - | (5,516) | (85) | - | |||
| CCC1 Fund | 6,302 | - | (6,302) | - | - | |||
| CCF Better Tomorrows 3 | - | 8,411 | (1,208) | - | 7,203 | |||
| Co-op (Scot Mid) | 2,000 | - | (2,000) | - | - | |||
| Hilmarnon Trust | - | 5,750 | - | 293 |
- | 5,457 | ||
| Keswick Lions | - | 2,000 | (2,000) | - | - | |||
| Keswick Town Council | 2,858 | 5,777 | (6,106) | - | 2,529 | |||
| Lakes 100 | - | 250 | (250) | - | - | |||
| PCC | 646 | - | (354) | - | 292 | |||
| Unrestricted Funds Youth Club | 169 | 104 | (2,409) | 3,000 | 864 | |||
| New Build / Old Mill Site | 207,389 | - | - | - | 207,389 | * | ||
| 224,965 | 22,292 | (26,438) | 2,915 | 223,734 | ||||
| * | New Building Project | |||||||
| Notional land value | 200,000 | |||||||
| Cash at bank | 7,389 | |||||||
| 207,389 | ||||||||
| COMPARATIVE | At | At | ||||||
| ABC Resilience | 1 August 2022 4,095 |
Income - |
Expenditure (4,095) |
Transfers - |
31 July 2023 - |
|||
| CCF Better Tomorrows 2 | - | 8,209 | (3,897) | 1,289 | - 5,601 |
|||
| CCC1 Fund | - | 10,000 | (3,698) | - | - 6,302 |
|||
| CCF Better Tomorrows 1 | 5,743 | - | (4,454) | (1,289) | - | |||
| Co-op (Scot Mid) | - | 2,000 | - | 2,000 | ||||
| Hilmarnon Trust | - | 3,300 | (3,300) | - | - - |
|||
| Holroyd Foundation | - | 5,000 | (5,000) | - | - - |
|||
| Keswick Town Council | 200 | 3,605 | (947) | - | - 2,858 |
|||
| Maysie McCambridge Memoria | 1,190 | - | - | (1,190) | - - |
|||
| PCC | 2,500 | - | (1,854) | - | - 646 |
|||
| Unrestricted Funds Youth Club | - | 303 | (2,459) | 2,325 | - 169 |
|||
| New Build / Old Mill Site | 212,287 | - | (4,898) | - | - 207,389 |
|||
| 226,015 | 32,417 | (34,602) | 1,135 | 224,965 |
Page 12
Notes to the Financial Statements for the year ended 31 July 2024
Keswick Youth Centre Services CIO
| 17 Net Assets by fund Tangible fixed assets Investments Current assets Creditors: amounts falling due within one year Total net assets COMPARATIVE - At 31 July 2023 Net Assets by fund Tangible fixed assets Investments Current assets Creditors: amounts falling due within one year Total net assets |
Restricted Unrestricted Total £ £ £ 200,000 - 200,000 - - - 23,734 7,872 31,606 - - - 223,734 7,872 231,606 Restricted Unrestricted Total £ £ £ 200,000 - 200,000 - - - 24,965 8,918 33,883 - - - 224,965 8,918 233,883 |
|---|---|
Page 13