REGISTERED CHARITY NUMBER: 302701 REPORT OF THE TRUSTEES Af4D UNAUDITED FINAf4CIAL STATEMEN]3 FOR THE YEAR ENDED 31 MARCH 2024 FOR THE PIUNCE OF WALES YOUTH CLUB Spwiillg Cannon Chartered Certified A¢coulltants 424 Margat¢ Road Westwood Ransga K¢ut CT12 6SJ
THE PRINCE OF WALES YoirrH CLUB cor4TENfs OF THE FINANCIAL STATEMENrs FOR THE ITAR ENDED 31 MARCH 2024 Page Report of the Trustee5 I to 4 Independent Ex4miller'$ Report Statement of FInanclal Activities Balance Sheet Notes to the FRnancial Statemettts 8 to 19 Detailed Statement of Financial ActieS 20 to 21
THE PRINCE OF WAtEs YoirrH CLUB REPORT OF THE TRUSTEES FOR THE ITAR ENDED 31 MARCH 2024 The ttUStees piesent their report and ac¢ounts for the yearended 31 March 2024. The trnstees have adopted the provisions of the Statement of ReCOll¢nded Practice {SORP) 'Accoulltillg and Reporting by CbaritLe8" (effective January 2015) in pr¢paTing th¢ report and finencial Slate¢tS of the charitabLc eompany. Trustees The trustees are natned on page 4. Tnjstees are appointed at the Annual General Meets'ng, or by the existing membcrs of the Management Committee. Prospectiv¢ tte45 must be proposed, seconded and then voted in by the majority of those presetLL Govertting documents and Objects of tbe Charity The Prftnce of Wales Youth Club establithed by a TnL8t Deed dated 21 March 1935 &s amended by a s¢herne sealed 5 Febnw 1998 to provide Youth Club facilities to the young people of Canterbury attd the suryowidillg areas. Management ofth¢ dub Thc Prince of Wal¢s Youth Club is manag¢d by th¢ mat1agetnt Committee, together with tbe Honorary (Non-votillgl Members. The Committee meets on a regular basis, usually bi-morLthiy. The Club employs a Centr Co-C(X)Edinator to maintain thc Ccntre and oversee its activities. The activitiG8 of the club are run by both paid workers and volunteers many thanks to them for au theirhard work and cotnmittnellt to the Prince of Wales Youth Club. We, the Committee, would especially like to thank Joey Wicks for "S contAtilling dcdication and deterniinatiott in keeping the PriD¢e of Wales Youth Club operating at such a high level. Ail his hard work in ¢nhancing paTttthps, both new alld ol& aloug with ensutillg all Optial level of bookings, is grvatly appreciated. L on behatf of my¥elf & the Committe4 have to Say tt we have been blessed for Twly ye2rs in Imving a fJrst41&5S treasurer. Jacky puts 50 much into the Prince of Wal¢s Youth Club and her accounting h2$ alway5 ensured ti)at we a not only siable, but also moTritig in the right direction (foLivatd). We are 80 efuL for all the Work that Jacky does so agaill a huge thanks io Jacky JacksollLox. Spla1 thaDks are also owed to tbe rest of our staff & Volullteers: Rouald Gimber. Thomas James" Kitn Fleillg. Susan Statling. Elsa A]len' Bryony Wicks Starling; Solomon Suwg5i,' Hayden Shaw. Aleah Rall59 Cara Alle14 Simon Ashby. & Peter Dudley, who often give extensively of their owi free time, fortheirhardwod( thmugbout tbe year. We should like lo thank our many volunteers who hav¢ given up their Spa till, witb a special t18 to Martin McKelTrie & O,Rourke for all their bard work in establishing the Boxin8 Academy, along with Martin Apps and Simott Duxjstatt for their hard work in developing the Judo Club which now has over 60 We are most grateful for the conti[illg support that the Piillce of Wales Youth Club rc¢civ¢s from Kent County Council and CnterbY City Council. We would also like to thaDk various fiderS inGluditJg: Samuel Feldman North East Comer Charitable Tnt. Kent Conllnunity Foundation: Mary Edmondson Swting TEust; Blue Spark. Awards for All. the Canterbury Rotary Club. & the Canterbury SunRise Rotary Club. As. La]rll I should like to thallk au of the other trwtees for their couJsnitm¢nt to the Prince of Wales Y.C & once agaill rising to th¢ ¢hall¢ng¢ of driving the Youth Club fonvariL The Club is flourishiug and our bookings are looking healthy. In fact, numbers are good acIoss all of our services, including those who are building-wTr, oue being tbat we have become more diverse & with low cost & ill some cases fre£ of charge support for our Young People & Comtnunity members. It really cements part of our existence which is to break down barriels which slop our Young People leading a happy and productivt lifr. We in these timcs that the cost-of-living crisis, especIty incr¢ases in food and fuel prices is really increasing povety and excl810 frotn rnany services, but Mqth our system of mixing vOlUnteillg. room hire. and donatioThs. together with cory)ratc support, we are able to support vcry hL8h number5 from our communtty. We, as a Youth Club and Community building, know the real IpOrtance of our work & that is that OUR COMN(UNITY MATTERS. Achievements Pag¢ I
THE PRINCE OF WALES YOUTH CLUB REPORT OF THE TRUSTEES FOR T1 YEAR Ef4DED 31 MARCH 2024 In this ycar we have had to dig out and lay new footing5 to the perimeter of the cat park due to the banks beginning to erode, this h&$ e[bled us to build a new Sft retaining brick wall with new drainage system which will also taIn the surrounding arcas of lat]d. We hav¢ a]so planted a new hedg¢ amund the wall as protection for pedestrians alld car Traffic. We have also rlshed upgrading the ligbting system to both inside and the outside areas includirtg all fire ewe routes, along with fjnisbing the tatrnacking of the front Car Pa. We have also eornpleted the Contsnunsty garden witb the installation of new bench&s, CheEry tr, Plants al new large woodell herb planters. We have employed a new youth worker on a 25 hour per week w)st who will be working very closely with th¢ ¢o[Dnity and other servi¢¢s. such as s¢hools, the poli¢e, and other public and youth s¢1(¢$. Plan5 for the Futhre Our Plans this year are to complete the upgrading of th¢ fwe escapes, in¢llldiug new fire dc¥)T5 & pathways from both sports hall ¢xits. Th¢se will allow disabled aCcS. We will be lgmdscaping the ba¢k of the buildin& including UP8radiu8 the French draits and introducing grassed banks aud a wild meadow for the children and the community to enjoy. We will be renovating the old coffee bar and building a n¢w fit-for-pwp05e caft area. We will also refiubish the floor in tbe entrance area. Statement of Pb]I¢ Benefit In terms of our service this Ye we ran over 80 senior youth club and 80 jutiior Youth club sessiong, along with d¢liveriog boliday sunun¢r 5ch¢mes, 120 Judo sessions & 120 boxtng sessions amouDtill8 to over 12,000 colltaets. All our sessions have 8 healihy living aspect, and we provide free fresh frllit and snacks. No child or youllg Person leav¢s our 5¢rvice hungry. We hav¢ also d¢liv¢red over 24 offtite activities such as Forrest SehooL' Swirnmillg. park visits" Trdmpoline parks" The]ne paS & &lucaiional visits (Dover castlc, Bbe8. Zoos etc). W¢ have developed a good sound parthership with the Rising Sim Domestic violence and advice service and Canterbury good Day Project {KCC),' and Active Life. All the services that are provided complem¢nt one another. Our Youth Clubs alld sports olubs have increased participation along with Parent consulration. We havc sev¢ral other services running from the buildillg inGluding fitness classes, mtIal a, children's educational sessions & c"ldren'S counseling claeS etc. Review of Financialp05itio This year there was a Det d¢fi¢it of £1,768. (2023.. a net sutplus of £8,996) wbicl4 when deduded from the fi]nds brougbt forwart gives £390,511 (2023: £392279) of wbich £11,959 (2023: £25,371) is r¢stricted to carry forward to ncxt year. The deficit was partly tt> the fact that grallt itwme is recogtjised iti the year it is rxeiv¢iL wbi]st expenditte re]ates to the Ye in which the money is a¢allY spenL For exarnpl¢, th¢ youth rlub ¢osts were fmaDced this yeat ptimarily from grants, so¢ of which had been received the previous year. Hence the fa]1 iu $trIcted fijnds from £25,371 to £11,959. The results are also affected bythe faIl in grant incom¢. Income has iThcreased by a sati8fa¢tory IOOA overall. Subscriptions. including boxing 8nd Judo have increased by 12Q/4J. Lettings have risen by 600 due to the Active Life awment which began in April 2023. This is a fix¢d tcmi booking and wiu not be renewed llow that their refillbisbed pretnises have become available. tn¢om¢ from the provision of Setvices, which wete onty £5,210 2023, have llow been plwed out completely, not because thcy are no longer uir¢d, but due to a lack of resources to pay for th¢m. Grant iWOllLe bas fallen from £44,075 to £20.570. This was inevitable since the income we were receiving from Lettiw, and the size of our unrestricted reserves meant that we would not qualify for aTJy of the larger gtants. Again, du¢ to the A¢tiv¢ Life ¢ontra¢¢ it was not feasible to put on any fi-alSIng shows this year. Tbey will gill again now that the Active Life contract has ended in Augusi 2024 CompaTi50U of 2024 costs with 2023 shows that the biggest change has been ITh support ¢o$ts. This was a direct cunsequence of the Active Life eoDtwt which iequired vs tsTr PEovide a qU]fied first alder to be present durillg all their sessions. Page 2
THE PRINCE OF WALES YOUTH CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 2023-24 2022-23 2023-24 2022-23 Costs directly related to activities Piopety expenses Oth¢r support Costs Governallee Costs £59.640 £65,511 £36,731 £3,704 9,474 4,488 £19,471 £3,776 360/• 4/ 22/• 430/0 14/. As a small organisation, we aim to provid¢ gr¢at¢r finan¢ial stability tlllDugh developing partuership agr¢Nll¢nts with ger organisations. We have again continued our mutually b¢n¢ficid awment with the Rising Sull Women's Refvge, enabling us to meet our objective5 by provid]ng a wider rdnge of s¢rvic¢s a[ sllprt for the disadvalltaged young ople of Northgat¢ and the surrounding areas. Reservos polley Th¢ poli of th¢ charity is to to maintain unrestrided fimds, whicb are fr¢¢ ServeS of the Charity. at a level which W511 enable the Club to operate for approximat¢ly 6 months, expeDdittwe. This provides sufficiellt fi]nds to cover Tnanagement and ad[nistratIOn costs should any wts, on which the ¢iwity is detthdenL c¢8se. At present, due to a combination of circumstances which are w)lik¢ly to recur. we have exceeded this target by ov £60,(KbO. The Conlmittee has, therefore, agreed that we should e some of this surphts to set up a Dedicated Emetgettcy Building Fund. For example, tbe buildillg could not operate vqtbout a roof though th¢ roof is currently being well maintaine¢l it will have a limited lifespan. Even though the fid may well not be sufficient to meet all ontingenci¢& it wou]d provid¢ a sourc¢ ofmatched fullding foT any building related 2pplicatio]L The building is by far our most important asseL not only Providing a v¢llu¢ for youth club activities, comrnulliry projects, and fid-raiS1tig event& but also for generating income thn)ugh lettings. It h&s, thtfor¢. been aed by tbe TTrleeS at the PrAGm that this dedicated fimd ghouldbc set up with an initial value of £50,000. Risk management The ttwtees have assessed the major risks to which the ¢hatity 15 exposcd and are satisfied that 5ySt¢ll]s are in place to mitlgate exposure to such major risks. STRUCTURE, GOTrTIU¥Af4CE AND MANAGEMENT Governing doCUmet ThE is controlled by its goyerning documenL a deed of ttust and constitutes an ninCorpOrated d]arity. REFERENCE Af4D ADMtNISTRATtVE DETAILS Registered Cbarity number 302701 Principal addre85 23A Military Road Canterbury Kent Cti iyx Page 3
THE PRINCE OF WAiES YOUTH CLUB REPORT OF THE TRUSTEES FOR THE IEARENDED 31 MARCH 2024 Trustees Tim Brett President Management Commfittee alld Trustees Alan Lingham Chairman {Judo Leader) Riki Samucl Deputy Chairmall Jaqueline Jackson-cox Treasurer Alan Mepstead Se¢r¢tary Kevin Wood Susan Stling Richard Kemball£ook Darren Jokn Ellis Bryony Wicks-starling Custodial Tru51ees Tim Brett Rikn" Satnuel Mike Talbot Jo Nola Philip Abbott Hotsorary Member8 Joey Wicks SetLior Club Bankers CAF Bank 25 King5 Hill Avenue Kings Hiu West Malling Kent ME194JQ llldependent Exanth Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwwd Ramsgate CT12 6SJ Approvcd by orderof the board of trustees on... and signed on its behalf by.. Alan LiDgham. Tmstee Page 4
INDEPENDENT EX4MIPIERIS REPORT TO THE TRUSTEES OF THE PRINCE OF WALES YoufH CLIJB Independent exanthier's report tsj the tnistees of The PriDce Of Wales Yollth Cb I r¢port to th¢ chan'ty trustees on my examination of thc accounts of The Prince Of Wal¢s Youth Club (the Tnt} for the year ended 31 March 2024. Responsibilities and basis of report As the charity tnteeS of the TnL8t you are responsible for tlo preparation of the accouuts iTh aceordartce with the requitetneots of the Charitie5 Act 2011 {'the Act). I Teport ill respect of ]ny examination of the Tnl'S accounts ¢arri¢d out under Section 145 of the Aci and in ¢arying out my exalall0 I have followed all applicable Directions given by the Charity ComtDission under Section 145(5Mb) of the Act. Independent examiner's 51&te]nellt I havc completed my exarninalion. I cotjfinn that no material matte)7 have come to rny attelltion ill ¢onnection with the ¢xamination giving Me cause to betieve that in ally nrdterial respect: accounting recor(ts were kept in respect of the Tru# as required by Section 130 of the ACL or the accounts do not accord with those r¢¢ords,' or the accounts do not comply with tbe applieable requirements cOternIng the form and conieiit of Ounts set out in tILe Charities {A¢courAts and Reports) Regulations 2008 other than any r¢quIremt that the accounts give true and fair view whi¢h is not a matt¢r ¢onsid¢r¢d &% port of an illd¢p¢ndent exgllninatiOJL I hav¢ no concerns and have conle acmss no other ]natters tn cOnttion with the examinatiOD to whi¢h attention should be drawn in ttll"s report in order to cnable a proper und¢rstanding of thc accounts to be reache<L Sophie Grant SpurliJ)g carOn charter Certified Accoulltant5 424 Margate Road Westwood Ramsgate Kent CT12 6SJ Page 5
THE PRINCE OF WALES YOUTH CLUB STATEMEIYT OF FINANCIAL ACTIVITIES FOR THE YEARENDED 31 MARCH 2024 2024 Total fllttds 2023 Unrestricted funds Restricted fiujds Notes INCOME AND [NDOWbNTs FROM Donations and legacies 1,537 1,537 Charitable actfvldes Prince of Wales Youth Club 142,493 IA820 159J13 139,052 Investsnent income 2968 892 Total 146,998 16,8211 163,818 148.348 EXPENDTfuRE ON Raising fi]nds 2,173 Cbaritable activltles Prince of Wales Youth Club 136J17 29,269 165,586 137,179 Total 13A317 29,269 165,586 139.352 NET INCOMEI(EXPEf4DITURE} 10,681 963 (12,449) (963) (1,768) 8.990 TraDsfers between funds 13 Net mowement in Iunds Al,644 (13,412) 0,768) 8,996 RECONCILIATION OF FUNDS Total fjjnds brought forward 36A908 25,371 392279 383283 TOTAL FUNDS CARRIED FORWARD 37&552 11959 390,511 392.279 The not£8 formpart of these finallc1 statements Page 6
THE PRINCE OF WALES YOUTH CLUB BALATr4CE SHEET 31 MARCH 2024 2024 Total fun(ts 2023 Total fuDds U1c5]Cted funds R¢stri¢t¢d Notes FIXED ASSETS Tangible assets 230,204 230204 250,112 CUiUiENf ASSETS Stocks Debtors Cash at bank and in illd io 1.196 27,346 143,758 1,196 27J46 155,715 728 10,651 149,518 11957 172.300 11957 184357 166,897 CREDITORS knounts falthng du¢ within one ye 12 123,950) (23950) 124,730) NET CURRENT ASSETS 148,350 11,957 160J07 142,167 TOTAL ASSETS LESS C17RRENT LIABILITIES 378,554 11.957 390JII 392279 NET ASSETS J78.554 11,957 390511 392,279 FUNDS Unrestricted fid$ Restricted fiuLd5 13 378554 11,957 366.908 25,371 TOTAL FUTr4DS 390511 392279 The fi cial ststements were approved by the Board of Tnt alld &uthori$ed for issue o.8fi.i.J.ZOi.4.... on and were signed on its behalf by.. Ala ingham- T[stee Jacqueline J2ek$on-Cox- Trustee The notes form part of these financtal statements Page 7
THE PRINCE OF WALES YOUTH CLUB NOTFS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOiIIYTING POLICIES BASIS of preparing the Ilnandal statements Prince of Wales Youth Club is all ullirtcorporated charity iegistered in England and Wales. The addr¢ss of the r¢gi5¢¢red offi¢x is given QD page l of these [ClaI 5takn]ents. The clwity constitules a public benefit entity as deflld by FRS 102. Th¢ financial statements hav¢ bec prepated in accordance with Accounting and Reportiniw by Charities: Statement of R¢¢ommended Practice applicable to charities preparing their account5 in accordan¢¢ with the Fsnancial Reporting Stalldard applicable in thc UK artd R¢pllbli¢ of Ir¢laryd IFRS 102) issued on 16 JUIY 2014 {as uted through Update Bulletin I publishcd on 2 Febrnary 2016 and Update Bull¢tin 2 published QD 5 October 2018), the Financial Rew)rting Standard applicable in the United Kingdom alld Republic of Ireland IFRS 102), the CItsTitieg Act 20I l and UK Generally Accepted Practice. The charity has applied Update Bulletin l as publish¢d on 2 F¢bruary 2016 and doe5 not include a cash flow stat¢m¢nt on th¢ grounds it is applying FRS 102 Section I The finartcial stst¢ellts have beell prepared to give a'lll and faiv view aThd have departed from the ChaTh"ties {Accounts and Reports} Regulations 2008 only to the extent to provide &,tn and foirf view. This departire has involved following the Accounting and R¢porting by Charities.. Statem¢llt of Recommended Practice applicable to cljarities preparing their accounts in accordallce with tbe Financial Reporting st2[rd applicable in the UK and Republic of treland (FRS 102) issu&1 on 16 July 2014 rath¢r than tbe Accountant and Reporting by Charities: Statement of Recommended Practice efftctive from l April 2005 which has Since been withdrawtL The financial ststements are presented in sterling which is th¢ filljctional currency of the charity and rounded to the neatest £1. The siguificant accounting policies applied in the prepatation of these financial stateEnents are set out below. policies IMYe been constantly applied to all yws Pr171¢d unless otherwise stated. Income All in¢om¢ is recogni5ed once the ¢ompally has enti¢l¢rneut to th¢ income. It is probabl¢ that tbe income will be re¢eived andthe amount of income receivable can b¢ measur¢dT¢liably. Grattts are recobl8ed in fidl in the Stat¢ment of Financial Activities when th¢ ¢hwity has tILe entitlement after any perfornwicc conditions are mel it is probable that the incornc will be received and the amount ¢an be measured reliably. Income 18 deferred only when the donor bas specified that the income relatrs to a fvtur¢ periocL or entitletnent is not meL Intcrest oll fi]nds held on d¢p051t is included whcn reecivable and the amount can be mwured r¢liably by the charity, this is norn]ally upon notification of the interest paid OT payable bythe BanL Expendithre Resources eXpeJ are r¢wgnis¢d in the y¢ar in which tbey are illclltt. Resources ¢xp¢nded iThclude attributabl¢ VAT whicb be recovered. Charitabl¢ expenditure cojnprises tbose costs incurred by the chlty in the d¢liv¢ry of its activities and seAvi¢e5 for its tbs. It includes both costs that ¢an be allatEd directly to 8uoh activities and those costs of an indirwt natur¢ necessary to support th Governance costs include those costs 8SSOCitited with meeting the constiwtional and stthtory r1rts of th¢ charity and Include the aeeountsncy fees and costs linked to the str*egic manag¢m¢nt of the charity. AII costs are all(Kat¢d betsveen the expenditure eatcgories of the Ststement of Financial Activities on a basis designcd to reflect thc use of tlke resource. Costs in relation to a particular ÉIVIty are allocated direcdy, tsthets are apportioned on am appropriate b&%is. Page 8 eontilllled...
THE PRINCE OFWALES YOUTH CLUB
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR THE YEAR EL¥DED 31 MARCH 2024
ACCOUNTING POLICIES- conlinued
TaDgible fixed assets
Tangible fixcd asset$ ar¢ c4tried at cost, net of d¢pr¢¢iatton and any pmiision for in)pairm¢nt. DepTeciation is
not charged on freehold 18n
THE PRINCE OF WALES YOUTH CLUB NOTES TO THE FINANCL4L STATEMENTS- contiDu¢d FOR THE EP4DED 31 MARCH 2024 DONATIONS AND LEGACIES UTrrcstritts nds Tolai 2024 Total 2023 FMDd5 Donations Fundrai5illg 1.537 1537 4.687 3,717 1,537 1537 404 lllcome from donations, legacies alld fimdraising was £1,537 (2023.. £8,404) of which £1,537 (2023.. £7,604) was attributed to unrestricted funds and nil (2023.. £800) was attributed to restri¢ted fids. INVESTMENT INCOME 2024 2023 Deposit account inter&st 2,968 892 INCOME FROM CHARrrABLE AcfIviTIES Unrestrf¢ted Funds Restt4cted Funds Ttstsl 2024 Total 2023 Subscriptions Lettill8S Services 14,136 123,482 1,125 3,750 14.136 123,482 1.125 20.570 11631 77,136 5,210 44,075 16,820 142,493 10,820 159J13 139.052 me from Charitsble activities was £159.313 {2023.' £139,052) of which £142,492 (2023- £105.477) was attributed to unrestricted fimds and £16,820 (2023.. £33.575) was attrtbuted to restricted fund5. Grants Uurestrictsd Fullds Restricted FuDds Total 2024 Total 2023 Grants from contracts KCC- Local Membels GranL' Talents alld llltere5ts KCC- Summer Project Awards for All Blu&spaLk Found¥ti¢ Samuel F¢ldman North East Comer Charitable Trust Mary Edtnundson tn Kcntcommlltiity Foundation Beacon Lodge Albcrt Hunt SP Groundwork UK- Tesco Canicrbwy City Coullcil 300 1,500 1,500 9,400 2,000 2J75 2.000 17,000 7,500 2,000 1,000 500 2,000 13,320 2,(x)O 13,320 3,750 3,750 3,750 16,820 20570 44,075 Of the total income from grants in 2024, £3.750 was attributed to untestEiCted fijllds and £16,820 was attributed to restiicted funds. Pagc 10 ¢ontinued..
THE PRINCE OF wAs YOUTH CLUB NOTES TO THE FINANCL4L STATEMENTS- eontittued FOR THE YEAREL4IDED 31 MARCH 2024 RESOURCES EXPENDED Unttstri¢t¢d Vunds Restricted Totsl 2024 Total 2023 Analysis of expendltmre on ¢haritable aetlvltles Ssaff costs Li¢¢n¢¢5 & subSlptins Youth Club activiiies 28.155 324 3,OQ8 104,830 16.550 44.705 324 14,611 105,946 45,996 324 13,124 77,735 11.603 136J17 29.269 163J86 137.179 Of the total expenditwe on clwitable activtties in 2024. £136,317 w&s attributed to unrcstricted fid$ and £29269 w&s attributed to restrict futth. Support Costs &llocAted to aethpiti Unresirieted Funds IlestrActed d$ Totsl 2024 Totsi 2023 Staff ¢osis Property exr)Se8 Printill8J posiage and stationery TelephoJJ¢ 22,288 65,E59 L56 21 352 13 22,309 65,511 169 5284 54,488 1283 2,113 113 10,654 3,776 1,359 60 10,990 3.704 730 2,089 Inler¢st chargcs Depreciallon Govemallce costs 10,990 3.704 104830 105.946 77,735 Of the total cxpcndittjre for Sup[ costs in 2024, £104,830 was attributed to UtestrIcted fuJ)ds and £1,116 was attributed to restricted fuuds. GoverDance costs Unrestricted Rf¥tri¢trd Fllnds Funds Total 2024 Totsj 2023 W?g¢s A¢¢ouDtallry 1,764 1.764 1.940 1,7(kS 2.070 3.704 3,704 3.776 Unrestricttd Restrkted Fund5 Fllttd8 Total 2024 To¢ 2023 Rotes ar#t¢r Lighting and1aling Insurdttcc Security R¢paits andTen¢wals Wages in reknion io maintettan£e of pro Cl&kning wages Cleaning ¢xp&)s Depreciaiion- Impiovements and Fixluics andFitting5 Loss otL disposal of tan8iblc f¢dasSe 1,586 10.21 I 4,293 1088 9,386 15,973 5.613 3.764 11,930 315 1.586 10,211 4.293 2.088 9,738 15,973 5,613 3.764 11,930 315 10.852 3.326 1.910 5.860 10,718 5,276 2,429 13,136 352 PageAI ¢ontinue<L..
THE PRINCE OF WALES YOUTH CLUB NOTES TO THE FINANCtAL STATEMENTS- contillued FOR TItE YEAR ENDED 31 MARCH 2024 RESOURCES EXPENDED- continued 65,159 352 65,511 54388 Of the total &xpenditLtre for property expenses in 2024, £65,159 was attribut¢d to unrestricted fid5 al £352 was attributed to restrieted funds. TRUSTEES, REMUNERATION AND BENEFrrs During the year Susan Statling, a tntste4 received £2,446 in rwct of youth work (2023: £1,964) and Briony Wicks SlIrtg received £6,339 in rnpect of youth wot* {2023: £nil) and £7,975 (2023.. £nil) in respe¢t of Adtnillistratioll of First Aid. Tntees, expenses There were no tntees, expenses paid for the Y ended 31 Mar¢h 2024 nor for tbe year ended 31 March 2023. STAFF COSTS Total 2024 Total 2023 Staff costs comprise.. Salaries and wages Social Surity costs Le.. Governjnent incentive NEST p¢]Jsion Contributions Wages relbUt5¢d by Ri5ill8 Su Wages r¢imbur%d by Lady Lei¥h 90,156 6,226 (5,0(M)I 2,234 {3,050) (2041 71,982 4,801 (4,801) 804 (2,490) (1220) 90,362 69,076 No employee received total Temuneration (excluding anployer's pensio eosts) exceeding £60,000 (2023= tiil}. The average weekly number of staff durAng (be year was: 2024 Nllmber 2023 Number The avcrage monthly nunthrof employees dllriug tILe yearwas as follows: 2(124 2023 No employees received ¢moluu]¢nts in ¢x¢ess of £60,000. Page 12 continued...
THE PRINCE OF WALES YOUTH CLUB NOTES TO THE FINANCIAL STATEMEF4TS- collthlued FOR THE YEAR ENDED 31 MARCH 2024 KEY LIIANAGEMEf4T REMUNEK4TION Key Magement personnel comprise the trustees as well as the Club Coordinator. Total retlluneration paid to key management personnel the year a[uted to £38,160 {2023.. £37,700). TANGIBLE FIXED ASSETS Jmprovements Fr¢ehold property Computer equipment property COST At l April 2023 Additions Disposals 15Q0) 157,314 578 At 31 March 2024 Iso,0 157,314 578 DEPRECIATtON At l April 2023 Charge for y¢aT Eliminatedon disposal 93,985 6.401 193 At 31 March 2024 IINI.386 193 NET BOOKVALUE At 31 March 2024 Iso,000 56,928 385 At 31 Nlarch 2023 150,0(K) 63,329 Sports equiprncllt & USical Fixtiyes Motor vehicles tnunents Tots]$ COST At l April 2023 Additions Disposals 49J56 2,034 IAO26) 45.345 17,102 715 419J17 3J27 (6,026) At 31 March 2024 4S564 4S345 17,817 416,618 DEPRECIATION At l April 2023 Charge for year Eliminat on disposal 35,120 5529 (5,711) 27,207 9,069 12,893 1,728 169.205 22,920 (5,711) AL 31 Mh 2024 34,938 3A270 14,621 t8A414 Tr4ET BOOK VALUE At 31 Match 2024 111,626 9,069 3,196 230,204 At 31 2023 14,436 18,138 4,209 250,112 The charity's frcchold land and building was revalued by the Tnjstees iti the year ¢nd¢d 31 March 2001 to L150,000, its original cost beillg £259,953. Page 13 Continu..
THE PRL¥CE OF WALES YOUTll CLUB NOTES TO THE FIf4AF4CIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 io. STOCKS 2024 2023 Stocks 1,196 728 ii. DEBTORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 2024 2023 Other debtors Prepayments 23,908 3,438 13,040 3,611 27J46 16,651 12. CREDITORS.. AMOUNTS FALLING DUE WITHITrI ONE YEAR 2024 2023 Trade creditor5 Taxauon and social security Oth¢r creilitors 1,711 3,556 14683 3,543 2.873 18,312 23.950 24,730 13. MOVEMENT IN FUNDS Net Allovenhent in fuuds Trallsfers between At 3113124 AÉ 114123 Uurestricted funds Generai fid Designated f]xed asset fiy [ksI)ated emergency building fid 116,796 250,112 31?06 120,623) 149,752) 715 50,000 98J50 230.204 50.000 366,908 10,683 378,554 Restricted funds KCC Memberfs Grant Sch¢e- Su[[]er {1) Samuel Feldn]an North East Corn¢r Charitable Tnt Awards forAII- Big Lottery Fund Canterbury City Council. Active Sport Grant Lift Fund Sport England- Boxing Kent Community Foundation Grant Mary Edmundson Bluespatk Foulldation 2J79 865 2J79 (8,135) (73O) 583 939 327 1534 1,744 2,000 6,939 (326) QJ04) 82 {1,769) {1) 230 I6 (231) 25J71 (J2.451) (963) 11,957 TOTAL FUNDS 392379 (1,768) 390,511 Page 14
THE PRINCE OF WALES YOUTH CLUB NOTES TO THE FINANCLtL STATEMENTS. eontillULMI FOR THE YEARENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS- continued Net mov¢ryrn]t in inclu&d in the above are &5 follows.. Encoming resources Resouwes expended iu funds UnTestrlcted funds GelleTal fid DeSIled fixed asset fLd 144J86 1612 (113.080) (23,235) 31JOO (20,623) 146,998 (136J15) 10,683 Restricted lld5 KCC Membcls Grant Scheme- Summer I00 (IA99) (8,135) (326) 115,624) (1,918) (1,769) Awards for All- Big Lottery Fund Sport EnglaThd- Boxing Kent Comjllunity Foundation Grant Mary Edmundson BluespaJ* FoWldlOll (8,135) (326) (2J04) 82 (1,709) 13,320 2,OOQ 16,820 (29,271) (11451) TOTAL FUNDS 163.818 (165.SS6) (1,768) Page 15 ntinueiL..
THE PRINCE OF WALES YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS- cDnthiMed FOR THE YEAR ENDED 31 MARCH 2024 13. MOTmENT IN FUPIDS- continued Comparative5 for movement in fuuds Net movement in funds Transfers between fidS At 3113123 At 114ll2 Unrestri¢ted fundg Generai fiu Designated fixed asset fiu 110,430 247,833 5,438 (808) 928 3,087 116.796 250,112 358263 4.630 4,015 366.908 Restricted fund$ KCC- Grant for new D]inibus Samuel Feldman North East Corn Chatitable Trtt Awards for All- Big Lottery Fulld C?nt¢rbury City Council- Active Sport 1,741 (1.7411 410 1,969 8,865 2J79 8,865 583 6,939 2,537 3,701 2,030 611 583 6,939 327 2,534 1.744 Lift Fut)d Sport England- Boxing Kent Cornmunity Found]0 Grant Mary Edmundson KCC- Re¢o]mect- Safe P]ace-2-B KCC- Reconn¢¢t- Covid 19 Safe Rcopening Bluespark Foundation KCC- Taletjts & Interests Canterbury City Council {lJ53) {1.167) 1.46 (857) (1,747) (6111 6,468 (6.468) 2,000 300 5(K) (300} (500} 25,020 4.366 (4,015} 25.371 TOTAL FUNDS 383,283 8.996 392.279 Page 16 conttnued...
THE PRU4CE OF WALES YOUTH CLUB NOTES TO THE FINAIYCL4L STATEMENfs- CODtiDueil FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IIY FUNDS- continued Comparative net rnovement in flu9, includEd in the above as folbws.. Incoming resources liesourccs Movement expended in fid5 Ullre5tricted funds Generdl fiu Designated fjxed asset fid 90,991 22,982 (85,553) {23,790) 5.438 {808) 113,973 (109.343) 4,630 R¢stri¢ted fvnds KCC- Grant for new minibus Samuel Feldman North East Corner Charitable Trust Awards for All- Big IA)ttery Fund Sport England- BoxiDg Kent COnullIty Foundation Grant Mary Edmundson KCC- RonneC1- Covid 19 Saf¢ Reopening Bluespark Foundation KCC - Talents & Interests Canterbury City Council Boxing Show Sponsorship (1,741) (1,741) 2,375 9,400 (406) 1535) (1,353) (18,167) {539) 1,969 8.865 (1,353) (1,1671 1,461 17,000 iooo (6,468) (fj,468) iooo 300 500 2,000 300 5(H) 8(H) (800) 34,375 (30,(M)9) 4,366 TOTAL FUP4DS 148,348 (139.352) 8,996 14. RELATED PARTY DISCLOSURES There w¢r¢ no r¢latedpaty transd¢tiotts for the yearended 31 Mah 2024. 15. DESCRIFTION OF FUNDS Lottery- Awards for All Gr4n¢ Due io the pandemic we wer¢ unable to deliver the Queen's Jubilee ¢el¢brntions and, with the awent of The Nationa] Lottery, we were wied pernii&SiOll to deliver a celebration of tbe King's Coronation and a su[[er project for tbc children and young p¢opl¢ of Cant¢rbury in 2023. The Kings comnation was a great siiccess and w¢ d¢livcrcd thr¢ £¢l¢bration$ over the course of the coronation perio(L. A ¢hildrcn's corollation paity. a community coronation paty. and a staff and volunteers cel£bration. Tbe sulljmcr projecl was fantsstic and over 75 youllg people accessed activities dwing the kno01 sulntner holiday p¢riod in¢luding Rrt and craft. eulttral activities,. residetitiai swinjmillg,. forest school" a West End th¢atr¢ trip. visits to theme parks,. a tralnwline parK and more. KCC- Sununer PrDj¢£t This wt coutributed tow3Jds the fantastic sulnmer project involving over 75 youttg people, as described 31K)ve the report of the Awards for AII grant. It added significantly to the range of activitics ar visits that we were able to offer the participaTts. Blucspark Foundation Page 17
THE PIUNCE OF WALES YOUTH CLUB NOTES TO THE Fll¥ANCIAL sTATENTs- eontinued FOR THE YEAR ENDED 31 MARCH 2024 15. DESCRIPTiof4 OF FUTr4DS- continued We used this grant lo deliver some CoUeS to yOg peopl¢ su¢b as rSt aid. f(M)d hygiene; and youth volunteering, along with senior youtb club tnetnbcrs delivering a Chri5tsn)s paty for the junior youth club. TheK was a150 a ttip to Londoll which w&$ fifftded by a local Memb of tbe community. Mary Edmundson Trust This gratit 1$ ¢S5¢ntial IOF th¢ pur¢hase of equipment to ¢nable us to deliver a range of sporting activiti¢s. We have been fortunate that the Mary E(hnundson Trust 15 a great supporter of tbe Prince of Wales Youth Club and its services, and provides us with funds on an antsal bosls. This ellabl us Dot ollly to deliver our usual sports sessions. but also to deliver new sports seSSiODS. Both our boxing and judo ses5iOlls are at fidl capacity. which is te51am¢nt to bow we use tbese fullds to incrw¢ att¢udallee and affoidabllity. Many of our Young Peopl¢ from the elubs are at a competitive level and ne4J to wry on training and work at au enhanced level. Others need the sporting activities to balance their everyday nee(& This includes the supt needed when they fecl 2tLxiety or have other mental health issues. or just need to monitor their general wellb¢in& including thc risk of becoming obes¢ or g¢neraUy over-wcight. Samuel Feldman North East Corner Charitable Trnst We were giyen a Wdllt to enable young people to gain ]vdtional certification in FA football coachu]g, iN)th Level I a[ Icycl 2 So f2r they have ¢otnpleted level I, a decision on level 2 was delay¢d due to covid-19. In th¢ year 2024.25 we will be using tbis gremt to provide Coaching wue5 formembers of staff and volunteeES. We Subseq¢t[Y ttceived a fither m in 2022 to h¢lp pay for a multi-skills week al contribute towards the SUDllner project. This year clStM&8 actItiCS were scaled down due to a busy aud staff illness. fi]nding is ongoing and we only want to use it for the said pulpose as this is an importallt part of a young person, developtnent and futt]re. Th¢s¢ fi]nds will bc u5cd over the eotning year alld we look foThvd to achieving our set goal which is to ensure that young people get the best life chances. Tbe Kent Cojrymunity Foundation grant This rollin8 gratit, which we bave been receiving since December 2018. has nud¢ a major eotrtribution towards the cost of kceping both the senior and junior yollth ¢lub$ rllnDing. It continues to be particularly imy)rtant irt contributing towards the payment of wages and oth¢E youth work activities, as well as contributillg to the eost of the HIASCO on-iine training suite. We begall the year with a baiau¢¢ of just ov¢r two aud half tknusalld pounds, and were fortllDate in Tving a fi]rtb¢r grant during th¢ year giving ws a total of aknost £l6,CKM), most of which had be¢n spent by the end of 2023124. Cantsrbllry City cOll¢U-Aetive Sports Grant This is a grant that was affected by the restrtctions imposed to de81 witb Covid-19. The aim of tbe project was to help tackle health inequaliti¢s, ¢nhan¢¢ g¢neral w¢llbeing and physical activity. and support thosc who are suffertng from Men health issues or depression. The bulk of tbe money spenl ID 2019 to aequire a variety of spotts equipment for use in tsur jwiior and senior youth group sessiolls. Ill the next Ye we will use this on sports coh1ng courses. Courses had previously been booked for members of staff. but were again delayed due to thc course dates not fitting in with the sta5 diaries a[ otber cOMlt[ents. We are looking in 24n5 to fll suitable dates to ellable the Prince of Wale$ Youth Club to ¢omplete these courses and have fu]ly quall'fied coaches. Sport England Page 18 contillu..
THE PRINCE OF WALES YOUTH CLtJB NOTES TO THE FINANCIAL STATEMENTS- ¢ontiDu¢d FOR THE YEAR ENDED 31 IWCH 2024 15. DESCRivfioN OF Fuf4DS- coDtlllued This granL whi¢h we received in 2018. has helped us to sustain alld develop our highly su¢rAssfid and fithy inclu5iv¢ boxing Club. The POWYC has a long history of involvement with boxing and though it had prevIoly lapsed, with the help of this grallt it was again flourishing. IndeeiL a of events were put on to (kmonstrate this aspect of ow work, togettLer with sOe fulld-raising. Despite the impact of the pandeEDiC, with the h¢lp of thts gnt we were able to reopen the boxing club 3 yeats ago and are continuing to operate at a lev¢1 CODSi5tellt with h¢alth and safety requiremellts. Sitice its receAp¢ the money has beeo spent variowly oll equipmenL trainin8 for our boxing Coaches, Oth affiliation and membership ¢xpens4 and the purchase a defibrillator. The Llft Fund The lift fund is made up of 3 elernents.. A KCC grattt (Raising the Game) of £2,5),. £2,066, which had originatcd from KCC, al was returned to us by Viridor Credits when the original lift project wa5 can¢ell¢d dlle to 1C1CTht fimding. and restricted donations of £2,373. No additions have beeTh rnadc to the fid in 2021122. Though the evenal iDstallation of a lift would belp £0 support our Mq5b tts become IOOO/o llY inclusive, we now have excellent facilities for disabled young peopl¢ on the ground floor. Wt are also CODGerned about the Costs involved l[L1illg a lift, assuming we couldraise sufficient fiuth to und¢ttak¢ th¢ constrnction work 16. GOING CONCERN The fujancial statements have been prepared on a golng concem basis as Ébe trnstees believe that with d government support packages available al projected illLome alld expenses, th¢ clwity will cgntinue in owatiotI existenc¢ witb sufficieDt SOurCeS to be able to contimue as a going c4)n¢e Pag¢ 19
THE PRINCE OF WALES Yourll CLUB DETAILED STATEMENT OF FINANCL4L ACTIVITIES FOR THE YEAR Ef4DED 31 TrL4RCH 2024 2024 2023 INCOME AND ENDOWMENTS Donation& and legacies DonatiODS Fun¢haising I37 4,687 3,717 1537 8,404 Investment fineome Dcposit account intcrcst 2968 892 Charitable &ctivitie5 SubscriptioJ]s Lettings S¢Jvices 14,136 123A82 1,125 20,57Q 12,631 77,136 5,210 44.075 159a13 139,052 Total illcoming resources 163,818 148,348 EXTETr4DITURE other trading Acttiities Fundraising costs 2.173 Charitable aCtitieS Wages Rat¢5 and water Insurattce Light aud beat Security alarnis Repairs and renewals Wages in relation to maintenan ¢¢ of propety Cleaning wages Cleaning expenses 44,705 1,586 4293 10311 2,088 9,738 15,97J 5,613 3.764 45,996 981 3,326 10.852 1,910 5,860 10,718 5,276 2,429 k li Telephone Admi'nistrdtive proCedUS audtraillillg Licences aThd subwiptions Youih Club activities BaThk ¢Ewg¢s Wages Postage, winting & station¢ry Improvemellts to properry Computcr equipm¢nt Fixttwes at]d fittitL8S Motor vthicles Sports equipment caled forward 1,114 2,1)89 324 14,611 60 22J09 169 6,401 193 5,529 9,069 1,728 16A,567 1,283 2,113 324 13,124 113 5,284 24 7,866 5,270 9,069 1,585 133,403 This yd8C docs tt fomj part of the stathtory fllwicial StatE¢llts Page 20
THE PRJNCE OF WALES YOiJTH CLUB DETAILED STATEMENT OF FINNcIAL ACTIVITIES FOR THE YEARENDED 31 MARCH 2024 2024 2023 Charitable activltles Brought fonvArd Loss on sale of tanble fixedassets 161,567 315 133,403 161,882 133,403 Support Costs Governan¢e costs Wages AecountaAcy 1,764 1,706 2.070 3.704 3,776 Total resour$ ¢xpended 165,586 139,352 P4ct {expenaiture)hDcome (1,768) 8,996 This pag¢ (knes not form part of the ststutory fllwi¢ial stat¢ments Page21