J H Riley Associates Ltd Charity I'egisiraiion number.. l?U4275 623 Club A[Ual Report and Financi81 Statements foT the Ye&r Ended 31 March 2025 Diamond Court, Water Street, Bakewell, DerbyshirE. DE45 IEW ACCOUNTANTS & bUSI NESS DEVEIOPMENT ADVISORS Telephone.. Olb29 815 llu Emall.. Info@Ihriley.uk lortathath@jhriley.u
621 c.luh ContLnts (continued) K¢fer¢nce and Admini5ttative Detai15 Trusteeg, Report 2104 Statement of Trustees. Respon52bilities A¢¢ountants' Report Statcmenl of Financial Activiues Balance Shect Note5 to the FinclaI Statements 9t0 14
623 Club Reference And Administr#tiv¢ Dctails Tru$tee$ Dr Samantha Moodie Maia Ilunnex Emma Ann Collills Dr Ricliard Hopkins Gillian Bond Natdie Anwyl 1204275 Charity Registr4tlon Numb¢r Priiielpal Offtce The Scout Hut Dukes Drive CuTbur Hope Valley S32 3YF Accoulltaltts AccouDiin! details l H Riley Associates Ltd Pag6 1
623 Club Trustees, Report The trustees present the anDual rq)ort together ivith the financial sthieineDis of Ihe charity for ihe year elided 31 March 2025. Objectives and activitie5 Objecis tsiid rtlpi. 623 is an Ofsted-registered. breakfast and after-school and lioliday club iii Curhar. It is run by a voluntary comtnittee and a small team of staff, all of whom are DBS checked. We pride ourselves on creating a n, friendly and caring atniosphere in a safe and welGLTrtning seiiiiig. Publie beiiefil At 623 Club our daily rouiiine includes a wide range of activitie5 and leaTning. Each day we Ive a 5¢t activity for all cliildreii. This may incory>orate a specific Ihtine seasons, special occasions, space, the EnviroTfftent, ect. xamples include We also have a varieiy of toys. Baines and activities for ¢liildren ID Choose froiii. We go ouL%ide everyday after snack. Our cunEnl SLclivitics include.. Weekly themcd art& Crafts and baking Free drawinglpainting Lego - M'ble n Barbie5 Ponies Board gaines Film nighL4 Bingo - Sport5 gam Ob5ta¢l¢ ¢(Trurs¢s Orienteering - Local walks Gol'dening - Complltcr games - conStntion Following a review of our menu and based on some feedback, we have made challges to the food we offer al 623 We will now be providing snack when the children arrive frorn 5cliool iKfore a¢tivi¢ies. We have an Autumll/Winter menu and a Spiinglsummer meiiu. The trustees confinn that they have complied witli the rcquiremenls of section 17 of the Cliariti¢s Act 2011 ÈO have du¢ regard to tli¢ public benefit guidance published by the Charity ConiTllission for England aiid Wales. Page 2
623 Club Trustees, Report (eontinued) Use of volunieen 623 Out of SchoL)I CLub is an Ofsted regisrered school and holiday club. It 15 run by a voluntary coinmittee and a Small teain ofstall.. all of whom are DBS checked. Structur4 goYerDanee ynd manAgemellt iJ]5truinents Objectives andpollcles The charity's activilitt ¢xpose il to a nutllbcr ol'finan¢ial risks including credit risk. c&8h flow risk oiid liquidity risk. The use of rtnwicial derivatives is governed by the charity's policies approved by the board of tru5tee8. which provide written principles on the use of financial derivatives to Inanage these risk8. The charity doe8 Ilot use derivaiivtt financial instriim¢rtts. for speculative purposes. C*shflrfJw r£sk Tlie charity's activities expose it priinai'ily 10 the finanLidl risks uf clianges in fuTeigti currency exchange r&tes and interest rates. Tlie charity uses loreign exchange forward contracts and iiileresi rate swap Contrac 10 hedge these exposures. Inierest bearing ass¢ts and liabilities aTe held ar fixed rate io ensure eertainry of cash flows. Credli rlsk The charity's principal financial assets are bank balances and Cash, tTade and tsiher receivables, and invesimettts.. The chtsrity's credit risk is priinarily attribiitabl¢ to its trade receivables. Th¢ amounts Presenied in ihe balance sheet Are net of allowances for doubtfiil receivables. An allowance foi sm1rent is Made where Ihere is En identitied loss eveiii which. based on previous experien¢¢, is evidence of a I'eduction in the recoverability of Ehe cash flows. The cred&t risk on liquid funds and derivative fjllancial ingtrurnents is litniied because rhe counierparties are banks wirh high Gredit-ratings assigned by international Liedit-rdlinLJ aLFBnLies. The charity has no significdnt COll¢enrraiion of ¢redit risL willi exposure spread over a large number of counterparties and customers. Liotsidlty rlsk In ordei 10 Tnainiain liquidity to ensure that sufficieni fundg are available for ongoing operaiions and future developrneiitS, the charity uses a Tnixture of long-term and short-ienn debi finance. Further dethils r¢garding ILqULdity risk can be found in Ihc Statement of a¢¢ounling policies iii the fjnaftcial siaiements. Page 3
623 Club Tru5tees' Report (eontinucd) The annual report was approved by the Iruste¢s of the charity oi) and signed on ils behalf by.. Maia Hunnex Tn]stee mnia Ann Collins Trustee r RichaTd Hopkins Tstee Page 4
623 Club Statement of Trustees, Responsibilities The Irusiees are responsible for preparing the trustees, report and thc financial siatement5 in accordance witli the United Kingdoln Accouniing Standards Iunited Kingdom Generally Accepied Accounting PraLiieel and appli¢able law and regul81ions. The law applicable 10 charities requires ihe Irusiees to prepare fancial Sta171entS for each financial year which give a true faiT view of the siaie of affaii's of the chai'ity and of the incoining resources find application or resource5 of thc ¢haTty for that period. In preparing these finallcial 5taiements. the trusiees are required to.. select suitable accoutiting policies and then apply them consistently. observe the meihody aHd prTrnciples in the Charities SORP. make judg¢ineiits and estiinate5 that re roasonable aild prudent", stfire whether applicable a¢¢ounting alldards have b¢¢n followed, subject to any material depanures disclosed 8nd explained in the financial statements,. and prepaTe the financial stateinents on the going concern basis unle%s it is inapproprtate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable acburacy at any time the fjnancial position of the Charity and enable Ihein io ensure Iliat the financial statemei)Is comply with the Charities A¢1 2011. tlJe Charities {Ac¢ounls and Repoils) Regulations 2008. and the provisions of the constitution. The rrusiees are Also responsible for saleguaTding the assets of tlie ¢h8riry and hence for iaking reasonable steps for the prevention and deiection of fraud and other irregularities. The Irustees are responsible for the maTnienaTrce a[ integrity of the corporate and financial tnform&tio# included on the charitsble company's website. Legislation gove2ning the preparation and dtssemiiiation of fancial sittrements may differ from legislation in tsther jurisdictions. Approved by the trustees of tlie charity on signed on it$ behalf by.. Maia Hunnex Truste¢ Enuna Ann ColliTtS Trusiee Dr Rictjard Hopkins TNst¢¢ Pag¢ 5
Accountants, Report to th¢ Truslces on thc Prcparation of thc Unauditcd Statutory Aecount$ of 623 Club for the Year Ended 31 March 2025 In accoTdante with instructions given to us, und¢r our lerter of engagciiieni, we liave prepared, without audit, the financial 5taleimen15 of 623 Club for the year ended 31 March 2025 a5 scl out on pagc5 7 to 14. The finaiicia] statements of the company coinprise the Statcmcnt of Fiiiancial Activilies, Ihc Balance Shect, and the relaled notes to Ibe financial statements. The financial slateinenls liave been prepar¢d frotn the charily's a¢couniing records and froin illformaiion and explanations pre5ent¢d to u%. The financial reporting framework iyhich has been applied in their preparation is described in tlic accounting policie5 note. As a praclising member firni of of Inslitut¢ of financail accountants we ar¢ subject to its ethical requirements. including principl of integrity, objectivity, professional ¢ompei¢nce, and due care. This rcport is mad¢ solely to ihe board oldire¢tor5 of 623 Club, as a bady. in accordaiice with the tenns of our engagcnJent letter dated 7 August 2025. Our work has been undertaken solcly to coInpile for your approval ihe rinancial.statements of 623 Club and state those Inatlers tliat we have agreed to %late lo ihe boaTd of dire¢tors or 623 Club, as a body, in this rcport, and lor no other puwose. To the fullest extent pemiitted by law, wc do iiot ac¢ept or assume responsibility to anyone othei. than 623 Club aDd Its board of dire¢lors as a body for our woik or for this report. We perfonned Illi5 compilation engageTnent in accordaiice wsth liitematiollRI Standard on RelatBd S¢rvice$ 4410 (Revised), Compilation ERgagemenls. We have 8pplied our cxpertise in accouiiting and financial Teporting 10 assist the Iruslees in thc preparation and presentation of these ftnan¢ial slatejnents on th¢ basis of accounting policics dc5crEbed in note I to the financial statements. Th financial statcmcnts 1£ nd the accuracy and ¢omplet¢nes5 of the information used to compile theni is the responsibility of Ihe tnjslees as set oul lil ihe on pag¢5. li is your du¢J' to e515ure that 623 Club has kept adequate accoiintiiig record5 and lo pi¢pare Statutory accouiits that give a twe and fair view of the sets. liabilities. financial position and of 623 Club. You consider thai 6?3 Club is ¢x¢inpt from the slatutory audit requirenicnt for the year. W¢ have iiot been instructed to carry out an audit or a review ot. the accounts ot 623 Club. For this rea50n, we have not verified the accuracy or ¢ompl¢t¢nes5 of the accoiinting records or information and explatiOnS you have given to us aiid we do not, thercforc. ¢xpress any opillion oji the 51£lutory accoiints. J H Riley A5sDGiatrs Ltd Date.. /ili Page 6
623 Club Statement of Financial Activities for the Year Ei nded 31 Mareh 2025 Unrestricted fund$ Tot81 2025 Note Ineotne end Endowments from.. Donations and legacies Other income 37 79,481 37 79.481 Total income 79.51$ 79,518 Exp¢nditure (bn.. Raising funds Charitable aetivities (9,168) {50,6671 (9,1681 50,6671 Total expenditur¢ Net incom¢ (59,8351 (59,835 19,683 19,683 Net moveinent in funds 19.683 19,683 Reconcitiation of fund¥ Total funds c8Thied foTWtrd 19.683 19,683 All of the chaTIty'S activities derive from continwng operations during the above riod. The llotes on pages 9 to 14 fortn an inregral pTrrt of these financial staternents. Page 7
62.3 Club {Regi5tration number: 121142751 Balance Sheet a5 at 31 Mai-eli 2025 2025 Note CUrret assets Debtors Cash at bank and iD had 74 20,009 20,083 Creditors: Amounts falling due withitl one year 12 400 Net assets 19,683 Funds of the charity: Unre5*ricted income funds Unrestricted fujids 19.683 Total Id& 19.683 The finan¢ial statctThen15 Dn pagcs 7 to 14 were approved by the trustee5. and aiiihoiised for issue on 2&/.fA.12fand signcd on their behalf by.. Maia HunnEx Trustee Emma Ann Collins Ttwstee rKi¢ Trustee rd Hopkit15 Tlie note6 on pages 9 ID 14 form an integral part of these financial statements. Page 8
623 Club Nutey to the Financial Stmtements for the Yeyr Ended 31 ivlarch 2025 l Accountlng polieie5 Statement of eon]plian¢e The financial sralements have been prepared in a¢¢ordance with the second edifion of the Chariiies St2tem¢iit of Recomniended Practice issued in October 2019. the Financial Reporting Siandaid appli¢able in rhe United Killgdom and Republic of Ireland {FRS 1021 and Ihe Charities Aci 2011. Bi]sl$ of preparation 623 Club nieels the definition ot a public benefit entity und¢r FRS 102. The accounts (fjnancial %taiementsl have been prepared undcr the historical ¢ost convention with iteffts recognised at cost or transaction value uiiless orhErwige SEated in the relevant notelsl 10 thcse accounts. Coing concern The trustees consider that there are no Inateria2 unrtaintleS about the charity's ability to continuo as a going concern. Support eosts Support cosls inclttde central functions and have been allOted lo activity cosi categories on a basi5 COnSi%tent witli the ust of rcsour¢es, lor exainple. allocaiillg property cosi$ by floor areas. or pei- capita. siaff cosis by the time spent and oiher costs by their usage. CoverDance costs These include rhe costs attribuiable to the ¢harity's compliance with constitlltional and statutory reqllirements, inLluding uudil. strdlegic manaEem¢ni and trustc¢s meetings and reinbursed expenses. TAxAtlon The charity 15 considered to pass the tests set out in Paragraph I Schedule 6 of the Finiin¢e Acl 2010 an(1 therefo it Ineeis Ihe definiiioii tsf a charitable coinpany for UK corporatioii tax puipose5. Accordingly, the charity is potentially exempt froln taxation in resp¢ct ot income or capital gains Te¢eiv¢d within categories covered by Chapter 3 Pan I l of die Corporation fax A¢r 2010 or Sectioii 256 of the Taxation of Chargeable Gains Act 1992, to the extent tliat sucli ineome OT gains are applied exclusively to ¢haTiiable purpDses. Trade debtors Trade debtors are amounts duc from custoiners for merchandise sold or services pertormed in the ordinary course ol'business. Trade deblors aTe r¢cognised initially at the transaction price. They are siibsequently measured ai amortised cost using the effective intei'est metliod, less provision for impainneni. A pi'ovision for the iinpaii'ment of trade d¢btOlE I5 eskblish¢d when th¢re is objettivc evidencE thal the Chai'ity ¥Yill not be able to collect all amounLq due according 10 the original temjs of th¢ receivables. Cash nnd cgsh equiv#lent5 Casli and iSh equivaltnls cotnprise casb on hand and Lall deposits, and oiher thort-tti"m highly liquid inveshn¢nis that are readily convertible to a known ainounl of cas11 and ait subject to an insigniFLLaiil risk of change in value. Page 9
623 Club Notes to the Financial Statement8 for th¢ Y¢ar Ended 31 March 2025 (continued) Fund Structure Un165triGted in¢ome fund5 are general funds tliat are available for use at th¢ trust¢¢s dTSclioft in fvrtherdnce of the objeclives of the charity. Page 10
623 Club Notes to the Financial Statements fur the Y¢ar Ended 31 March 2025 (eontinued) 2 lTh¢ome from don&tions and legacies Unrestricted funds Gener1 Tot41 ruJ)ds Donations and legacies" Donations from tndividuals 37 37 Totkl for 2025 37 37 3 Other incojne UtErestricted rund$ G¢n¢ral Total fuDds Fees and supplies Total for 2025 79.067 79,067 79,067 79.067 4 Expenditurt on n)Islng funds g) Costs of trad5ng actlvities UtEr¢strieted fund$ General runds Note Costs of goods sold 5,884 5,884 Total for 2025 5,884 5.884 b) I1)vestlent tnaiiag¢m¢Rt eo$ts Ullrestrlcted fund$ CeknerAI Total fllDds Note Allocated suppon costs Total for 2025 3,284 3.284 3.284 3,284 Pag¢ I I
623 Club Notes to the Financial Statements for the Year Ended 31 fvlarch 202$ (continued) Total ¢OStS S Expenditure on charltable activities Uijrestricted funds General I'otal funds Note Govemance costs 50.667 50.667 Total ¢JpeiJditur¢ 6 Analysis of 8overNan¢e and support cost5 Governance c05ts Viire5tritled fund5 General Totsl fEtnds Staff costs Wage5 and salai'i&% Other staff costs Audit fec5 Other fees paid to auditors Legal fres m.keting and publicity Otliei. 8overnan¢e ¢osts 41,371 840 41,371 840 1.460 134 156 6,706 1.460 134 6.706 Total for 2025 50,667 50,667
623 Club Notes to the Financi41 Statement$ for the Year Ei nd¢d 31 M*rch 2025 (contillued) 7 Net 1COMIng10UtgOlkng r¢$ourc¢s Net incomingloutgoing resources for the year include.. 2025 8 Staff costs The aggTegate payroll costg were as follows.. 2025 Staff costs during the year were: Wages and salaries Other staff eosts 41,371 84Q 42,211 No employee received emolutn¢nis of more than £60,000 during ttic year 9 Tax&tion The chArity is a registered chariiy tlnd is theretore ex¢mpi from raxation. 10 Debtors 2025 Trade debtors A¢¢rued ineome 176 (102) 74 11 Cash and Cash equivalents 202S CAsh at bank Sliori-lemTr deJM)siis 10.460 9.549 20,009 12 Creditors: &mtsunts falltng due within one ytar 2025 A¢cruals 400 Page 13
623 Club Notes to the Financial Statements for the Year Ended 31 March 2025 (Lontinued) 13 Funds Ithcoming res#urce5 Rtsouree expeDdfd Balance at 31 M9rch 202S UDre$trieted funds General 79.518 159,835 19,683 14 Analysis of net assets betweeTr fund$ Uiircstrieted funds General Total fllnd5 at 31 Marc 2025 Clltrent assets Curreni liabilities 20,083 40D 20,Q83 400 Total net a55ets 19,683 19.683 Page 14
623 Club Statement of Financial Activities by fund for the Year Ended 31 Mareh 2025 Total Unrosiricted Funfls 2025 In¢ome artd Endowm¢rtts from., Donations and legacies Other incoine 37 79,481 Total income 79,518 F.xpellditure on: Raising funds Chariiable activities {9,16È) 50,6671 Toral expenditure {59,835) Nei in¢oine 19,683 Re¢0clI18¢1on of funds Total fijnds carri¢d fon¥ard 19,683 This page does noi form pan of the statutory financial siatemei)ts. Page 15
623 Club Detailed Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Ineome a]]d Endowments from: Donations and leEa¢i¢s (analysed below) Other incon)e lanaly5¢d below) 37 79,481 Total income 79,518 Expenditure on.. Raismg lundb13nalysed below) Chai'iiable activiti lanalysed b¢lowl 19,1681 150,6671 Total expenditurs 59.835 Net income 19,683 Re¢oneiliation of funds Total funds carried foiward Thi5 page doe5 not forni part ofihe statutoiy financial 51ateimenls. Page 16
623 Club Detailed Statement of Financial Activities for the Year Ei nded 31 March 2025 (¢ontinued} Tot81 2025 Doiiu¢ioii.f legocles Appeals at)d donations 37 37 Oilier Inco1¢ Fees aDd siippli¢s Other income 79.067 79.481 R&1slMgfudS Purchases Travelling (5,884) 13,284 (9.168) CliaTlloble aclivilies Wages and salaries Staff training Rent Insurance Telephone and fax ojrice expenses Trade subsciiptions Cleaning AdVertiSng Accountancy fees Legal and professional fees Bad debts written off {41,371) (840) (5,536) (323) 144) 1466) (156) (1.460) {134) 11461 50,667 This page does not form part of the statutory financial stsiements. Page 17