Bob Carter Memorlal yOh and Lelsure Centre Trust Charity No. 274110 Trustees, Report and Unaudlted Accounts 31 December 2024
' Bob Corter Memorlal Youth and Leisure Centre Trust Ccintents Pages Trustees. Annual Report Independent Examiner's Report Statement of Financial Activities 2to3 Balance Sheet Notes to the Accounts 7t014 Detailed Statement of Financial Activities 15to16 Page I
' Bob Qarter Memorfal Youth and Leisure Centre Trust Trustees Annual Report The trustees present thelr report with the unaudlted flnancial statements of the charity for the year ended 31 December 2024. REFERENCE AND ADMINisfRATIVE DAlLs Charlty No. 274110 Prln¢lpal Office School Road Drayton Norwich Norfolk NR86DW Trustees The followlng trustees served during the year.. Chairman J. Anderson C. Brown l. Cunnison Treasurer G. Everett Resigned 21st May 202S M. Harsley H. Kisby K. Rudkin S. White Resigned 21st May 2025 Resigned 21st May 2025 Key Management Personnel Centre Manager Accountsnts MrAlan Karlson Andrew Parker Associates Ltd Unit 7 Beech Avenue Busines5 Park Beech Avenue, Taverham Norwich NR8 6HW Bankers Barclay5 Bank plc Drayton Norwlch Norfolk NR8 6DN Sollcltors Mllls & Reeve I St James Court Whitefrlars Norwich Norfolk NR3 IRU Page 2
Bob Cgrter Memorfal Youth and Lelsure Centre Trust Trustee5 Annual Report Report forthe yearto 31 Dernber 2024 The year was Spent primarily on consolidating work be8an in the previou5 year, undertakin8 essential repairs and completion of reviewing and updating policies. Running costs of the centre are beglnning to become an issue with significant increase in ener8y costs. National Llving Wage and National Insurance Contributions but at present they are not havlng significance on the day-to-day operation of the Centre. We have a 8ood working relationship with the Drayton Leisure Centre Club that is reporting a good Increase in membership numbers, with the sale of food and drinks showing encouraging growth. Many events have taken place during the year including hosting and supporting the local Food Bank in their major fund makin8 event of the year. A special event, jointly staged with Drayton Parish Council was held to commemorate the 80th anniversary of the tpday landings. Wartime memorabilia were exhibited; war time food was made available and residents of local care homes attended. Finally. l offer my thanks to manager, staff and fellow trustees for the support given in this difFi¢ult year. Signed on behalf of the charity'5 trustees erso irman July 2025 IL Pa8e 3
'Pob Carter Memorial Youth and Lelsure Centre Trust Independent Examiners Report Independent Examinels Report to the tntee$ of 8ob Carter Memorfal Youth and Leisure Centfe Trust I report to the trustees on my examination of the financial statements of Bob Carter Memorlal Youth and Leisure Centre Trust for the year ended 31 December 2024. Responsibilltles and basis of report A5 the charity's trustees you are responsible for the preparatlon of the financial statements in accordance with the requirements of the Charities Act 2011 {%he Act'l. I report in respett of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Dirertions given by the Charity Commission under section 145{5llbl of the Art. Indepe1ent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: the accounting record5 were not kept in respect of the charity as required by settion 130 of the Act; or the financial statements do not accord with those record5; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out In the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the financial ststements give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Andrew Parker FCCA Andrew Parker Associates Ltd Unit 7 Beech Avenue Business Park Beech Avenue, Taverham Norwich NR8 6HW 02 July 2025 Pa8e 4
. Pob Carter Memorlal Youth and Lelsure Centre Trust Statement of Financial Artl¥itie5 for the year ended 31 December 2024 Unrestrlrted funds Totsl funds Total funds 2024 2024 2023 Notes Income and endowments from: Other trading activities Other income 204,664 1.694 204,664 1.694 172.950 382 Total 206.358 206.358 173,332 Expendlture on: Charitsble activities Other expenditure Total 4,251 249,756 4,251 249,756 5,011 236,614 254,007 254,007 241,625 Net gains on investments Net expendlture Transfers between funds 147,649} 147.6491 168,2931 Net expenditure before other galnsl(losses) 147.649} 147.6491 168,2931 Other galns and losses Net movement in funds 147,6491 147,6491 168,2931 Reconciliation of funds: Total fund5 brought forward 261,396 261,396 329,689 Totsl funds tarried forward 213,747 213,747 261,396 In the 2023 accounts the financial activities balance was understated by £573 (Accounts- £260,823) actual balante1£261,3961. PaBe 5
Bob Carter Memorfal Youth and Lelsure Cèntre Tn Balance Shee¢ at 31 December 2024 Charity No. 274110 2024 2023 Flxed assets Tangible assets 130,932 130.932 135,045 135.045 Current assets Stocks Debtors Cash at bank and in hand io 191 39,072 102.804 142,067 115.7161 126,351 li 32.454 76,849 IIYJ,303 126.4881 82.815 Credltors: Amount falling due within one year Net current assets 12 Totsl assets les$ Current Ilabllities 213,747 213,747 261.396 Net assets excludlnz pen51on asset or Ilablllty Total net assets 261.396 213,747 261,396 The funds of the charlty Unrestricted funds General funds Designated funds 13 213,747 183.935 77,461 261,396 213,747 Reserves 13 Total fvnds 213,747 261,396 Approved by the trustee5 on 16 July 2025 And 51gned on their behalf by.. er man uly 2025 Page 6
ob Carter Memorial Youth and Lelsure Centre Trust Notes to the Accounts for the year ended 31 Decemtser 2024 l Accountin8 policies 8asi5 of PTeparatlon The financial Statements have been prepared in accordance wlth Statement of Recommended practi.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the FSnancial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change In basls of accountlng or to pre¥lous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountln8 Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objerts of the charlty. These are unrestrirted funds earmarked by the trustees for particular purpose5. These are unrestricted funds which include a revaluation reserve representing the reststement of investment assets at their market values. These are available for use subjert to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restrirted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to. and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related expenditure Where income has related expenditure the intome and related expenditure is reported gross in the SOFA. Donations and legacies Voluntary Income received by way of grants. donations and gifts Is included in the the SOFA when CeiVable and only when the Charity has unconditional entitlement to the income. Income from tax reclalms is included in the SOFA at the same time as the 8iIVdonation to which it relates. These are only included in income Iwith an equivalent amount in expenditure) where the benefit to the Charity 15 reasonably quantifiable, measurable and material. The value of any volunteer help received is not included in the accounts. This is included in the accounts when receivable. This includes any gain or loss resulting from revaluing investments to market value at the end of the year. Tax reclaims on donations and gifts Donated services and Volunteer help Investment income Gainslllossesl on revaluation of fixed assets Gainslllossesl on investment assets Thls includes any gain or loss on the sale pf investments. Page 7
Bob Carter Memorlal Youth and Leisure Centre Trust Notes to the Accounts Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising These comprise the costs associated with attracting voluntary income, funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs inturred by the Charity in the delivery of its activities charitable activitles and services in the furtherance of its objects. including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees. costs linked to the Strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a partlcular artivlty. Grants payable Governance costs Other expenditure Taxation The charity Is exempt from tax on its charitable activlties. Freehold investment property Investment properties are MeaSud initially at cost and subsequently at fair value at each balaftce sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Artivities as they arise. Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the tharity would have been willing to pay for the items ori the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and Cash equivalents comprise cash at bank and on hand. demand deposlts with banks and other short-temi highty liquid investments with original maturltles of three months or les5 and bank overdrafts. In the ststement of financial posstion, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's tash management. Trade and other credltors Short term creditors are measured at the transaction price. Other creditor5 and provlslons are recognised where the charity has a present obligation resulting from a past event that will probably result In the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions a normally recognised at their settlement amount after allowing for any trade discounts due. Page 8
Bob Carter Memorlal Youth and Lelsure Centre Trust Notes to the Accounts Research and development Expenditure on research and development is written off in the year in which it is incurred. leased assets Where the charlty enters into a lease which entsils taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finan lease. Leases which do not transfer substantially all the rlsks and rewards of ownership to charity are classified as operating leases. Assets held under finance lease5 are initially recogni5ed as assets of the charity at their falr value at the inception of the lease or. if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor 15 included in the balance sheet date as a flnance lease obligation. lease payments are apportloned between finance expenses and redurtion of the lease obligation so as to achSeve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately. unless they are directly attributable to qualifying assets, in which case they are capitslised in accordance with the charlty's policy on borrowing costs. Assets held under finan leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases. suth Irbcentives are recognised as a Ilability. The aggregate benefrt of incentives is recognised as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contribution5 into a separate entity. Once the contribution5 have been paid the charity has no further payments obli8ation5. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held 5eparatsly from the charity in independently administered funds. Receipt of donated goods, facilities and services All donated goods, facilities and services received are recogni5ed within incoming resources and expenditure at an estimate of the value to the charity. Goin8 Concern The financial statements have been prepared on a going concern basis as the trustees belleve that no material uncertainties exlst. The trustees have considered the level of funds held and the expected level of income and expenditLsre for 12 months from authorising these financial statements. The budgeted Income and expenditure is sufficient with the level of reserves for the charlty to be able to contlnue as a going concern. Page 9
Boty Carter Memorlal Youth and Letsure Centre TNst N(ite5 to the Accotsnts 2 Statement of Flnancial Actsvltles- prior year Unrestrlrted funds Restrlcted funds Totsl fvnds 2023 2023 2023 Income and endowments from: Other trading actlvities Other income 172,949 382 172,949 382 Total 173,331 173.331 Expenditure on: Charitable activities 189,217 52.407 189.217 52,407 Other expendlture Totsl 241,624 241,624 Net income 168,2931 168,2931 Net inwme before other galnslllosses) Other gains and losses: 168.2931 168,2931 Net movement In funds 168.2931 168,293} Reconaliation of funds: Total funds brought forward Total funds rrIed forward 252,228 77,461 329,689 183,935 T/,461 261,396 3 Income from other tradln8 artSvltles Unrestrkted Total Total 2024 2023 Rent from Club 11,496 39,044 11.496 39,044 8,857 37,657 Room Rentals Sports Hall. Squash an(1 Equipment Hires 89,950 89,950 76,118 140,490 140,490 122,632 4 Other income Unrestrkted Total Total 2024 2023 Interest Receivable 1.694 1,694 1,694 1,694 382 382 Page 10
Bob Carter Memorlal Youth and Le15ure Centre Trust Note5 to the A¢counts 5 Expendlture on charitable a¢livitles Unrestrlrted Total Total 2024 Governance costs Accountancv 4,251 4,251 4.251 5,011 5,011 4,251 6 Other expenditure Unrestricted Total Total 2024 2023 Employee costs Premises ¢05ts Amortisation, depreciation. impairment, profitlloss on disposal of fixed assets General administrative costs 150.365 69.081 150.365 69,081 110,248 66,514 4,901 4,901 5.533 25,409 25,409 23,599 25,709 Legal and Professional costs 249,756 249,756 231,603 7 Net expendliufe before transfers 2024 2023 This is stated after charging- Depreciation of owned fixed assets 8 stsff costs 4.901 5.533 2024 Salarles and wages Penslon costs 149,795 570 150,365 110,248 110,248 No employee received emoluments In excess of £60,OC#J. Page 11
Bob Carter Memorlal Youth and Lelsure Centre Trust Notes to the Accounts Flxtures and Fittings Freehold Land and Bulldln8S 9 Tanglble fixed assets Totsl Cost or revaluatlon At l January 2024 Additions At 31 December 2024 203,050 142,569 788 143.357 345,619 788 346,407 203.050 Depreclatlon and Impainnent At l January 2024 75,699 134.875 210,574 Depreciation charge for the year 1,729 3,172 4,901 At 31 December 2024 77,428 138.047 215,475 Net book values At 31 December 2024 At 31 December 2023 Net book values of assets held under flnan¢e leases and hlre purchase contracts and included above 125,622 127,351 5.310 7,694 130,932 135,045 A 5 year lease granted in favour of the Drayton Leisure Centre Club from l January 2013 for the use of the facilities occupied by them was rolled over with effect from 1st January 2018 for an annual rental of £11.500. The Bob Carter Memorial Youth and Leisure Centre Trust. Drayton Youth Club and Drayton Leisure Centre Club are separate bodies and are accounted for separately. A rent of £11,496 has been agreed for the year ending 315t December 2024. 10 Stocks 2024 2023 Raw materials and consumables 191 191 Carryln8 value aThalysed by artivltles 2024 2023 Raw materials and consumables 191 191 Page 12
Bob Carter Memorlal Youth and Lelsure Centre Trust Notes to the Accounts 11 Debtors 2024 2023 Trade debtors Other debtors Prepayments and accrued income 1,662 30.603 189 36,864 2,208 39,072 32,454 Debtors included a total of £30,603 12023: 36.8641 owing by Drayton Leisure Centre aub 12 Creditors: amounts falling due within one year 2024 2023 Trade creditors 1,026 14,038 7,574 3,850 26,488 Other taxes and wcial security Accruals Deferred Income 5.713 10,003 15,716 13 Movement In fund5 Incoming resource5 At31 December 2024 Resources e¥pended Ati (Including other 8alnsllosses) January 2024 Restrlcted funds: Unrestricted funds: General funds Deslgnated fvnds 183,935 77,461 206,358 1254,0071 136.286 77,461 Total funds 14 Analysls of net assets between funds 261,396 206,358 {254,0071 213,747 2024 Unrestrlcted funds 2024 2024 Restricted funds Total Fixed assets Net current assets 130,932 76,572 207,504 130.932 82,815 213,747 6,243 6,243 Page 13
.Boh Carter Memorial Youth and ielsure Centre Trurt Notes to the Accounts 15 Reconclllation of net debt At31 At l January 2024 Cash flows December 2024 Cash and cash equivalents 102,804 102,804 125,9551 125,9551 76,849 76.849 Net debt 102,804 {25,9551 76,849 16 Commltmenls Operatlng leo5e commitfftertts Annual commitments under non-cancellable operating leases are as follow5: 2024 2024 Land and IlIdIng5 Other Operating leases with expiry date.. Penslon commltments 2024 The pension cost charge to the charity amounted to.. 570 Page 14
Bob Carter Memorfal Youth and Lelsure Centre Trust Detailed Statement of Flnandal Actlvities Telephone, fax and broadband 2,232 30.310 2,232 30.310 2.879 29,132 Legal and professional costs Retrospertive recharge adjustment Solicitor's fees Other legal and professional costs 30,624 61 35 30,720 Totsl of expendlture of other costs Totsl expendlture 249,756 249,756 236.614 254,007 254.007 241,625 Net gains on investments Net expenditure 147,6491 147,6491 168,2931 Net expendltvre before other galnslllosses) 147,6491 147,6491 168,2931 Other Gains Net movement in funds 147,6491 147,6491 {68.2931 Reconclllatlon of funds". Total funds brought forward 261,396 261,396 329,689 Total funds carrled forward 213,747 213,747 261,396 Adjustments to profft and loss figures The previous accountants (Aston Shawl produced a journal in the 2023 to the reserve accounts which did not balance. We therefore correrted this in the 2024 accounts by increasing wages and salary by £5,181 & general expenses by £6,342. Page 16