Charity Number 300991 Barton Acorn Youth, Community and Sports Centre Financial Statements For the year ended 31 March 2023 Barton Acorn Youth, Community and Sports Centre For the Year Ended 31 March 2023 Contents Page Charity Information Trustee's Report Independent Examiner5 Report Receipts and Payment5 Account Statement of Assets and Liabilities Notes to the Accounts Barton Acorn Youth, Community and Sports Centre Charity Information For the Year Ended 31 March 2023 Trustees Mrs L Maxwell Chair Appointed l April 2022 Apointed 4 September 2023 Mrs E San50n Treasurer Mr J Dudley Mr J George Mrs L A Caldicott Appointed 23 January 2023 Appointed 30 November 2022 Registered Charity number 300991 Principal addre55 Lummaton Cros5 Torquay Devon TQ2 8ET Independent examiner Accounting 4 Everything SW Limited 13 Hyde Road Paignton Devon TQ4 SBW Bankers HSBC Bank PLC 4 The Strand Torquay Devon TQI 2AB Page I Barton Acorn Youth, Community and Sports Centre Report of the Trustees For the Year Ended 31 March 2023 The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The tru5tee5 have adopted the provi5iOn5 of the Statement of Recomrnended Practice ISORPI 'Accounting and Reporting by Charities, 2015. Structure, Governance and Management Governing document The charity is controlled by its governing document, a deed of trust on 24 October 1962 las subsequently amendedl, and constitutes an unincorporated charity. A Managernent Cornmittee consisting of 3 horiorary officer5, between 5 and 10 ordiriary member5, one selected mernber from Torbay Council and one representative from Torbay Youth Service is responsible for administering and managing the charity. Risk mznzgement The trustees have a duty to identify arid review the risk5 to which the charity is exposed and tc> ensure appropriate contro15 are in place to provide reasonable assurance against fraud and error. Objectives and Activitie5 Objectives and aims The charity's objective is to provide educational, Social and 5POrting facilities to the cornmunity and especiallv voung people in order to develop their physical, mental and spiritual capabilities so that they may grow to full maturity as individuals and memebts of society and that their conditions may be improved. The focu5 of the charity'5 activities continue to be providing a Space for the youth and other members of the comrnunity to ruri workshops, event5 and participate iri sporting activitie5. The charity's objectives and funding do limit the activities of the Barton Acorn Youth, Community and Sports Centre in the Torquay area. The riurnber of people helped by the charity and who use the facilitie5 provided, is estimated at 6,000. The tru5tee5 have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake, Financial Review It 15 the policy of the charity that urirestricted funds which have not been designated for a specific use should be maintained at a level which allow5 for any shortfalls in future funding. The trustee5 COn5ider5 that reserve5 at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activitie5, while consideration 15 give to ways in which additional funds may be raised. There are no restriction5 on the charity'5 power to irive5t. The charity'5 investment policy is to invest surplus funds in liquid, or near liquid, a55et5 Wlth a low risk. The trustee5s are satisified with the return on these investments. Report Approval Approved by order of the board of trustees on and signed on its behalf by.. Mrs L Maxwell Page 2 Barton Acorn Youth, Community and Sports Centre Independent Examiners Report For the Year Ended 31 March 2023 I report on the accoLJnts of the charity (number 3066331 for the year ended 31 March 2023, which are set out c>n the following pages. Respective re5ponsibities of trustees and examiner The charity's trustees are reponsible for the preparatiori of the accounts. The charity'5 trustees consider that an audit is riot required for thi5 year under section 144 of the Charity Act 2011 Ithe Charities Act) and that an independent examination is needed. It is my responsibility to= examine the account5 under section 145 of the Act,. to follow procedures laid down in the General Directions given by the Charity Commi55iOn', to state whether particular matters have come to my attention. 8a515 of independent exzrniners statement My examination was carried out in accordance with General Direction5 given by the Charity Cornmi55ioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also include5 Consideration of any unusual item5 or di5c105ures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion 15 given a5 to whether the accounts present a "true and fair view and the report is limited to those matter5 Set out in the statement below. Independent examiner5 Staternent In connectiori with rny exarnination, no matter has come to my attention I I which gives me reasonable cause to believe that in any material respect the requirements.. al to keep accounting records in accordance with Section 130 of the Charities Act,. and bl to prepare accounts which accord with the accounting record5 and comply with the accounting requirernent5 of the Charities Act have not been met. Or to which in rny opinion, attention should be drawn in order to enable a proper understanding of the account5 to be reached. Date 04-Sep-23 Accounting 4 Everything SW Limited Chartered Accountants 13 Hyde Road Paignton Devon TQ4 SBW Page 3 Barton Acorn Youth, Community and Sports Centre Revenue Account For the Year Ended 31 March 2023 Unrestricted Restricted funds funds Total funds Total fund 2022 Income Grants 17,413 17,413 1,182 116,728 35,203 21,787 75,330 10,283 10,231 4,000 Donations 1,182 116,728 Activities for generating funds Job Retention Scheme Kickstart Scherne Other Covid-19 Grant5 117,910 17,413 135,323 156,834 Pzyrnents Fundraising expense5 Cost5 of generating donations and legacies Staff Costs 1,386 62,079 360 1,386 68,294 360 2,157 67,494 225 6,215 Rent Rates and Water 3,607 6,531 22,306 13,240 5,748 115 3,607 6,531 22,306 19,240 5,748 115 2,049 5,941 17,981 5,951 4,204 88 Insurance Heat and Light Repairs and Maintenance Cleaning Training Cost5 Telephone Legal and Professional Fees Independent Examiners Fees Licences 6,0(X) 1,386 375 1,386 375 1,055 16,801 700 700 700 477 477 545 Bank Charges IT Expenditure Sundry Expenses Depreciation 1,219 3,665 167 1,219 3,665 167 905 2,701 197 6,916 6,916 7,975 130,276 12,215 142,491 136,969 Asset and Investrnent Purchases Equipment Total Payment5 130,276 12,215 142,491 136,969 Surplu5/lDeficitl 12,3661 5,198 1 7,1681 19,865 Transfer between funds INCOME LESS EXPENDITURE 12,3661 5,198 1 7,1681 19,865 Page 4 Barton Acorn Youth, Community and Sports Centre Statement of Assets and Liabilities For the Year Ended 31 March 2023 Unrestricted Restricted funds funds Total funds Total fund 2022 Fixed Assets Tangible Assets 50,056 50,056 56,551 Current Assets Trade debtors 3,037 3,037 3,103 C35h Funds Current account 35,171 1 1,4061 50,782 33,765 50,782 43,198 44,179 Deposit account 35,171 49,377 84,548 87,377 Liabilitie5 Trade creditors 3,665 3,665 3,238 1,213 1,894 Taxe5 and Social security Accruals 456 456 4,122 4,122 6,345 Assets le55 Liabilities 84,141 49,377 133,518 140,686 Czpitzl Account Income funds brought forward Exces5 for the year 96,507 12,3661 44,179 5,198 1 140,686 7,1681 120,821 19,865 ASSETS 84,141 49,377 133,518 140,686 Signed Trustee Date.. Signed Trustee Date.. Page S Barton Acorn Youth, Community and Sports Centre Notes to the Accounts For the Year Ended 31 March 2023 Accounting Policies The accounts have been prepared in accordance with the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, 2015. and comply with the accounting requirements of the Charitie5 Act 2011. 1.21 Incoming Resources Income from the sale of good5 and service5 derived from charitable activitie5 and own produce 15 included in incoming resources in the period in which the charity is entitled to the receipt. Income from donations and grant5, including capital grants is included in incoming re50urce5 when these are receivable, except as follow5:_ When dorior5 specify that doriation5 and grants given to the charity must be used in future accounting periods, the income is deferred until those period5. When donors impose condition5 which have to be fulfilled before the charity becomes entitled to Use such income, the income is deferred until those conditions are met. 1.31 Fixed Asset5 Tangible fixed assets, other than freehold land are stated at cost less depreciation. Depreciatlon 15 provided at rate5 calculated to write off the c05t less estimated residual value of each asset over its expected u5efLJI life, as follows.. Leasehold Property Straight line basis over the period of the lease (expires 20641 Fixtures, Fitting5 and Equipment 25% reducing basis Nurnber of employees The average rnonthly number of employees during the year were-. 2023 2022 Centre Manager Centre As515tant Youth Worker5 Play Workers None of the trustee5 lor any persons connected with them) received any remLJneration during the year, and none were reimbursed any costs incurred on the charity's behalf. There were no employee5 whose annyal remLJneration was £60,000 or more. Page 6 Barton Acorn Youth, Community and Sports Centre Notes to the Accounts For the Year Ended 31 March 2023 Fixed Asset5 Fixtures, Leasehold Fittings & Property Equipment Total Cost At l April 2022 Additior15 103,954 57,260 420 161,214 420 At 31 March 2023 103,954 57,680 161,634 Depreciation At l April 2022 Charge for year 60,253 3,690 44,410 3,225 104,663 6,916 At 31 March 2023 63,943 47,635 111,579 Net Book Value At 31 March 2023 40,011 10,045 50,056 At 31 March 2022 43,701 12,850 56,551 Movement in Funds At 31 March Received Spent in year At 31 March 2022 in year 2023 Unrestricted funds General fund 96,507 96,507 117,910 1 130,2761 117,910 1 130,2761 84,141 84,141 Restricted funds Lottery- Compassion in Actiori Project Sanctuary- Cornpa55iori in Action Project Oavid Gibbons- Compassion in Action Project NFCT 6,1(X) 2,000 5(X) 3,8631 2,238 3,000 500 i.(x)o 1,250 4,839 1,250 4,920 16,000 12,453 4,537 4,480 People5 Health Trust Nicky Lauder Torbay Council Crowdfunder 2.433 1 2,3521 16,000 8,953 4,537 3.500 Devon Community Foundation 4,480 6.000 1 TDA 6,0001 44,179 17,413 1 12,2151 49,377 140,686 135,323 1142,4911 133,518 Page 7