## **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:
1. Strengthening our group of trustees, to enable us to secure a sustainably funded long-term future for KYCS
2. 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