2023-03-31-accounts - The Prince Of Wales Youth Club

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements		8	to	20
Detailed Statement ofFinancial Activities		21	to	22

Comparison of2023 costs with 2	022 shows that they hav	e remained remarkabl	y stable.
	2022-23	2021-22	2022-23	2021-22
Costs directly related to
activities	f59,444	f.59,996	43%	43%
Property expenses	K54,488	K56,940	40%	41%
Other support costs	619,471	f.19,866	14%	14%
Governance costs	Z3,776	K3,464	3%	2%

			FORTHE	YEARENDED 31MARCH 2023
Trustees
Tim Brett		President
Management	Committee	and Trustees
Alan Lingham		Chairman	{JudoLeader)
Jacqueline Jackson-Cox		Treasurer
Riki Samuel		Deputy Chairman
Alan Mepstead		Secretary
Kevin Wood
Susan Starling
Richard Kemball-Cook
Darren John Ellis
Bryony Wicks-Starling
Custodial Trustees
Tim Brett
RM Samuel
Mike Talbot
JoNolan
Philip Abbott
Honorary Members
Joey Wicks		Senior Club
Bankers
CAP Bank
25Kings Hill	Avenue
Kings Hill
West Mailing
Kent
ME194JQ
Independent	Examiner
Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT126SJ
Approved by	order ofthe	board oftrustees on		!.~.y.!..h/ ....o.&;.n..«ad sigtte d on its behalf by:

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	f'unds	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			7,604	800	8,404	9,610
Charitable activities
Prince ofWales Youth	Club		105,477	33,575	139,052	124,619
Investment income			892		892	19
Total			113,973	34,375	148,348	134,248
EXPENDITURE ON
Raising funds			1,373	800	2,173	4,704
Charitable activities
Prince ofWales Youth	Club		107,970	29,209	137,179	140,266
Total			109,343	30,009	139,352	144,970
NKT INCOME/(EXPENDITURE)			4,630	4,366	8,996	(10,722)
Transfers betvveen funds		13	4,015	(4,015)
Net movement in funds			8,645	351	8,996	(10,722)
RECONCILIATION	OF FUNDS
Total funds brought forward			358,263	25,020	383,283	394,005
TOTAL FUNDS CARRIED FORWARD			366,908	25,371	392,279	383,283

	31M	ARCH 2023
				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets		250,112		250,112	247,833
CURRENT ASSETS
Stocks	10	728		728
Debtors	11	16,651		16,651	33,832
Cash at bank and in hand		124,147	25,371	149,518	125,703
		141&526	25,371	166,897	159,535
CREDITORS
Amounts falling due within one year	12	(24,730)		(24,730)	(24,085)
NET CURRENT ASSETS		116,796	25,371	142,167	135,450
TOTAL ASSETSLESSCURRENT
LIABILITIES		366,908	25,371	392,279	383,283
NET ASSETS		366,908	25,371	392,279	383,283
FUNDS	13
Unrestricted funds				366,908	358,263
Restricted funds				25,371	25,020
TOTAL FUNDS				392,279	383,283

Improvements to	f'reehold buildings	5'/0
Furniture, fixtures	and equipment	20'/0
Motor Vehicles		20'/0
Sports equipment	and musical instruments	20'/0

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2023	2022
Donations	3,887	800	4,687	3,746
Fundraising	3,717		3,717	5,864
	7,604	800	8,404	9,610

INVESTMENT INCOME
			2023	2022
Deposit account interest			892	19
INCOME FROM CHARITABLE ACTIVITIES
	Unrestricted	Restricted	Total	Total
	Funds	Funds	2023	2022
Subscriptions	12,631		12,631	13,602
Lettings	77,136		77,136	61,187
Services	5,210		5,210	4,040
Grants	10,500	33,575	44,075	45,790
	105,477	33,575	139,052	124,619

attributed to un	restrict	ed funds and 633,	575 (2022:$41,265)was a	ttributed to restricted	funds.
Grants			Unrestricted	Restricted	Total	Total
			Funds	Funds	2023	2022
Grants from contracts
KCC —Local Member's		Grant: Talents
and Interests				300	300
CCC —Covid Recovery						3,921
KCC —Reconnect	—First Phase					5,000
KCC —Safe Space 2B						8,440
KCC —Covid-19	Safe Reopening					7,462
HMRC Coronavirus job retention
scheme						9,942
Awards for All				9,400	9,400
Bluespark Foundation				2,000	2,000
Samuel Feldman	North	East Corner
Charitable Trust				2,375	2,375
Mary Edmundson	trust			2,000	2,000	2,000
Kent Community	Foundation			17,000	17,000	4,500
Beacon Lodge			7,500		7,500
Albert Hunt SP			2,000		2,000
Groundwork UK	—Tesco		1,000		I,OO0
Canterbury City Council				500	500	2,025
RG Hills Charitable Trust					2,500	2,500
			10,500	33,575	44,075	45,790

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2023	2022
Analysis ofexpenditure	on charitable activities
Staffcosts		30,597	15,399	45,996	44,026
Licences &subscriptions		159	165	324	365
Youth Club activities		1,986	11,138	13,124	15,605
Support costs		75,228	2,507	77,735	80,270
		107)970	29/09	137,179	140,266

Of the total 229/09 was	expenditure on charitable acti atlributed to restricted funds.	expenditure on charitable acti atlributed to restricted funds.	vities in 2023, f,107,970	was attributed t	o unrestricted	funds
Support costs	allocated toactivities		Unrestricted	Restricted	Total	Total
			Funds	Funds	2023	2022
Staffcosts			5,284		5,284	4,680
Property expenses			52,912	1,576	54,488	56,940
Printing, postage and stationery			24		24	631
Telephone			1,283		1/83	1,645
Administrative	procedures	and training	1,182	931	2,113	1,457
Professional fees						900
Interest charges			113		113	135
Depreciation			10,654		10,654	10,134
Bad debts						284
Governance costs			3,776		3,776	3,464
			75/28	2,507	77,735	80/70

RESOURCES EXPEN	DED	- continued
Security			1,910		1,910	1,630
Repairs and renewals			5,354	506	5,860	10,270
Wages in relation to maintenance		ofproperty	10,718		10,718	10,611
Cleaning wages			5,276		5,276	7,089
Cleaning expenses			2,429		2,429	1,875
Depreciation —Improvements	and	Fixtures and Fittings	13,136		13,136	12,199
Loss on disposal oftangible	fixed	assets				470
			52,912	1,576	54,488	56,940

		Total	Total
		2023	2022
Staffcosts comprise:
Salaries and wages		71,982	69,399
Social security costs		4,801	4,318
Less: Government	incentive	(4,801)	(4,000)
NEST pension contributions		804	893
Wages reimbursed	by Rising Sun	(2,490)	(2,470)
Wages reimbursed	by PACE		(70)
Wages reimbursed	by Lady Leigh	(1,220)
		69,216	68,070

2023	2022
Number	Number
3	3
llows:
	2023	2022

TANGIBL	E FIXEDASSETS
			Improvements	Fixtures
		Freehold	to	and
		property	property	fittings
COST
At 1 April	2022	150,000	146,039	42,631
Additions			11,275	12,317
Disposals				(5,392)
At 31March 2023		150,000	157,314	49,556
DEPRECIATION
At 1 April	2022		86,119	35,115
Charge for	year		7,866	5,270
Eliminated	on disposal			(5,265)
At 31March 2023			93,985	35,120
NET BOOK VALUE
At 31March 2023		150,000	63,329	14,436
At 31March 2022		150,000	59,920	7,516
			Sports
			equipment
			&musical
		Motor
		vehicles	truments	Totals
COST
At 1 April	2022	45,345	14,498	398,513
Additions			2,604	26,196
Disposals				(5,392)
At 31March 2023		45,345	17,102	419,317
DEPRECIATION
At 1 April	2022	18,138	11,308	150,680
Charge for	year	9,069	1,585	23,790
Eliminated	on disposal			(5,265)
At 31March 2023		27,207	12,893	169,205
NET BOOKVALUE
At 31March 2023		18,138	4,209	250,112
At 31March 2022		27,207	3,190	247,833

STOCKS
							2023	2022
Stocks							728
DEBTORS:AMOUNTS		FALLING DUE		WITHIN ONE YEAR
							2023	2022
Other debtors							13,040	27,488
Prepayments							3,611	6,344
							16,651	33,832
CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
							2023	2022
Trade creditors							3,545	2,847
Taxation and social security							2,873	3,004
Other creditors							18,312	18,234
							24,730	24,085
MOVEMENT IN FUNDS
						Net	Transfers
					movement		between	At
				At 1/4/22	in	funds	funds	31/3/23
Unrestricted funds
General fund				110,430		5,438	928	116,796
Designated fixed	asset fund			247,833		(808)	3,087	250,112
				358,263		4,630	4,015	366,908
Restricted funds
KCC - Grant for new minibus				1,741	(1,741)
Samuel Feldman	North East Corner
Charitable Trust				410		1,969		2,379
Awards for All —BigLottery			Fund			8,865		8,865
Canterbury City Council		—Active Sport
Grant				583				583
Lift Fund				6,939				6,939
Sport England - Boxing				2,537	(1,353)		(857)	327
Kent Community	Foundation		Grant	3,701	(1,167)			2,534
Mary Edmundson				2,030		1,461	(1,747)	1,744
KCC —Reconnect	- Safe Place-2-B			611			(611)
KCC - Reconnect	—Covid 19Safe
Reopening				6,468	(6,468)
Bluespark Foundation						2,000		2,000
KCC —Talents &	Interests					300	(300)
Canterbury City Council						500	(500)
				25,020		4,366	(4,015)	25,371
TOTAL FUNDS				383,283		8,996		392,279

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			90,991	(85,553)	5,438
Designated fixed	asset fund		22,982	(23,790)	(808)
			113,973	(109,343)	4,630
Restricted funds
KCC —Grant fornew minibus				(1,741)	(1,741)
Samuel Feldman	North East Corner
Charitable Trust			2,375	(406)	1,969
Awards for All —BigLottery		Fund	9,400	(535)	8,865
Sport England —Boxing				(1,353)	(1,353)
Kent Community	Foundation	Grant	17,000	(18,167)	(1,167)
Mary Edmundson			2,000	(539)	1,461
KCC —Reconnect	- Covid 19Safe
Reopening				(6,46S)	(6,468)
Bluespark Foundation			2,000		2,000
KCC —Talents &	Interests		300		300
Canterbury City Council			500		500
Boxing Show Sponsorship			800	(800)
			34,375	(30,009)	4,366
TOTAL FUNDS			148,348	(139,352)	8,996

				Net	Transfers
				movement	between	At
			At 1/4/21	nl funds	funds	31/3/22
Unrestricted funds
General fund			95,158	14,773	499	110,430
Designated fixed asset fund			264,215	(20,295)	3,913	247,833
			359,373	(5,522)	4,412	358,263
Restricted funds
Canterbury City Council	—Detached
Project			1,060	(1,060)
KCC - Grant for new minibus			3,351	(1,610)		1,741
Samuel Feldman North East Comer
Charitable Trust			410			410
Awards for All —BigLottery Fund			1,318	(139)	(1,179)
Canterbury City Council	—Active Sport
Grant			583			583
Lift Fund			6,939			6,939
Sport England —Boxing			4,915	(1,728)	(650)	2,537
Kent Community Foundation		Grant	212	3,489		3,701
National Lottery Community		Fund.
Covid-19 Response			4,076	(4,081)
Canterbury City Council	—Food Relief		1,362	(1,363)
KCC - Local Members Grant:
Safe-2-Connect			1,300	(32)	(1,268)
The Julia and Hans Rausing Trust			7,721	(7,721)
Mary EdInundson			1,385	1,473	(828)	2,030
Canterbury City Council	- Covid Recovery			7	(7)
KCC —Reconnect - First	Phase			(14)	14
KCC —Reconnect —Safe	Place-2-B			1,111	(500)	611
KCC - Reconnect - Covid 19		Safe
Reopening				6,468		6,468
			34,632	(5,200)	(4,412)	25,020
TOTAL FUNDS			394,005	(10,722)		383,283

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			90,475	(75,702)	14,773
Designated fixed asset fund			2,508	(22,803)	(20,295)
			92,983	(98,505)	(5,522)
Restricted funds
Canterbury City Council	- Detached
project				(1,060)	(1,060)
KCC - Grant for new minibus				(1,610)	(1,610)
Coronavirus Job Retention Scheme			9,942	(9,942)
Awards for All —BigLottery Fund				(139)	(139)
Sport England - Boxing				(1,728)	(1,728)
Kent Community Foundation		Grant	4,500	(1,011)	3,489
National Lottery Community		Fund.
Covid-19 Response				(4,081)	(4,081)
Canterbury City Council	—Food Relief			(1,363)	(1,363)
KCC - Local Members Grant:
Safe-2-Connect				(32)	(32)
The Julia and Hans Rausing Trust				(7,721)	(7,721)
Mary Edmundson			2,000	(527)	1,473
Canterbury City Council	—Covid Recovery		3,921	(3,914)	7
KCC - Reconnect —First	Phase		5,000	(5,014)	(14)
KCC - Reconnect —Safe	Place-2-B		8,440	(7,329)	1,111
KCC —Reconnect —Covid 19		Safe
Reopening			7,462	(994)	6,468
			41,265	(46,465)	(5,200)
TOTAL FUNDS			134,248	(144,970)	(10,722)

			FOR THE YEAR ENDED 31	MARCH 2023
				2023	2022
INCOME AND ENDOWMENTS
Donations and legacies
Donations				4,687	3,746
Fundraising				3,717	5,864
				8,404	9,610
Investment income
Deposit account interest				892	19
Charitable activities
Subscriptions				12,631	13,602
Lettings				77,136	61,187
Services				5,210	4,040
Grants				44,075	45,790
				139,052	124,619
Total incoming resources				148,348	134,248
EXPENDITURE
Other trading activities
Fundraising costs				2,173	4,704
Charitable activities
Wages				45,996	44,025
Rates and water				981	507
Insurance				3,326	3,837
Light and heat				10,852	8,451
Security alarms				1,910	1,630
Repairs and renewals				5,860	10,270
Wages in relation	to maintenan		ceofproperty	10,718	10,611
Cleaning wages				5,276	7,088
Cleaning expenses				2,429	1,875
Telephone				1,283	1,645
Administrative procedures		and	training	2,083	1,457
Licences and subscriptions				324	365
Youth Club activities				13,154	15,607
Bad debts					284
Bank charges				113	135
Wages				5,284	4,680
Postage, printing	&,stationery			24	631
Professional fees					900
Improvements to property				7,866	7,302
Fixtures and fittings				5,270	4,897
Motor vehicles				9,069	9,069
Carried forward				131,818	135,266

FORTHE YEAR ENDED	31MARCH 2023
	2023	2022
Charitable activities
Brought forward	131,818	135,266
Computer equipment	1,585	1,065
Loss on sale oftangible fixed assets		470
	133,403	136,801
Support costs
Governance costs
Wages	1,706	1,665
Accountancy	2,070	1,800
	3,776	3,465
Total resources expended	139,352	144,970
Net income/(expenditure)	8,996	(10,722)