**Charity number: 302977**
## **Addiscombe Boys & Girls Club**
**Trustees' report and financial statements for the year ended 31 March 2022**
## **Addiscombe Boys & Girls Club**
## **Contents**
||**Page**|**Page**|
|---|---|---|
|Legal and administrative information||**1**|
|Trustees report||**2**|
|Independent examiners' report||**3**|
|Statement of financial activities||**4**|
|Balance sheet||**5**|
|Notes to the financial statements|**6**|**- 9**|
## **Addiscombe Boys & Girls Club**
## **Legal and administrative information**
|**Charity number**|302977|
|---|---|
|**Business address**|45 Stroud Green Way|
||Croydon|
||Surrey|
||CR0 7BE|
|**Registered office**|45 Stroud Green Way|
||Croydon|
||Surrey|
||CR0 7BE|
|**Trustees**|E. Arram (Chairman)|
||J. Southwick (Treasurer)|
||M. Hobbs|
||T. Scannell|
|**Secretary**|J. Southwick|
|**Accountants**|Hamilton-Eddy & Co.|
||Chartered Accountants|
||39 Tamworth Road|
||Croydon|
||Surrey|
||CR0 1XU|
|**Bankers**|Barclays Bank PLC|
||3 Beckenham Road|
||Beckenham|
||Kent|
**Page 1**
## **Addiscombe Boys & Girls Club**
## **Report of the Trustees for the year ended 31 March 2022**
The Trustees present their report and the financial statements for the year ended 31 March 2022. The trustees who served during the year and up to the date of this report are set out on page 1.
## **Structure, governance and management**
The Charitable Trust is constituted by trust Deed.
## **Objectives and activities**
The Charity's objects are to help and educate boys and young men, and girls and young women, particularly those aged between 11 - 20 years through their leisure time activities so as to develop physical, mental and spiritual capacities, so that they grow to full maturity as individuals and members of society and that their condition of life may be improved.
## **Achievements and performance**
The Trustees consider that the performance of the charity this year has been satisfactory.
The trust would not be able to provide such a wide service to our beneficiaries without the continued support of a large number of willing support staff who give their services voluntarily.
There was a £12,777 increase in income and a £1,651 decrease in expenditure during the year resulting in a net operating surplus of £14,678 compared to last year's surplus of £250. The surplus for the year includes a £10,000 grant from the National Lottery which has been awarded to pay for Sport in the Community projects, funds to be fully used by December 2022.
Accumulated funds available are sufficient to permit the trust to continue in operation in the medium term. Support from the London Borough of Croydon was withdrawn in 2011/12 and alternative areas of financial support are still being sought. The lease to the premises at Stroud Green Way expired in August 2018 and has been the subject of one year extensions, the current expiring in August 2022, whilst decisions concerning the redevelopment of the site are being made.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law.
Law applicable to charities in England and Wales requires the trustees as a minimum to prepare financial statements drawn up on a receipts and payments basis for each financial year. The trustees have chosen to modify the accounts to include amortisation of leasehold premises in the income statement and the inclusion of a prepayment and an accrual in the Balance Sheet.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
## **J. Southwick**
Secretary 14 July 2022
**Page 2**
## **Addiscombe Boys & Girls Club**
## **Independent examiner's report to the trustees on the unaudited financial statements of Addiscombe Boys & Girls Club.**
I report on the accounts of Addiscombe Boys & Girls Club for the year ended 31 March 2022 set out on pages 2 to 9.
## **Respective responsibilities of trustees and independent examiner**
As the charity's trustees you are responsible for the preparation of the accounts, you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. I am qualified to undertake the examination by being a member of the Institute of Chartered Accountants in England and Wales.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to examine the accounts under section 145 of the Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
**David Weeden F.C.A.**
**14 July 2022**
**Independent examiner Hamilton-Eddy & Co. Chartered Accountants 39 Tamworth Road Croydon, Surrey CR0 1XU**
**Page 3**
## **Addiscombe Boys & Girls Club**
## **Statement of financial activities**
## **For the year ended 31 March 2022**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
1,050
10,000
Activities for generating funds
3
28,061
-
Investment income
4
7
-
**Total incoming resources**
29,118
10,000
**Resources expended**
Charitable activities
5
23,925
-
Administration Costs
515
-
**Total resources expended**
24,440
-
**Net incoming resources**
**for the year**
4,678
10,000
Total funds brought forward
84,159
-
**Total funds carried forward**
88,837
10,000|**2022**
**Total**
**£**
11,050
28,061
7
39,118
23,925
515
24,440
14,678
84,159
98,837|**2021**
**Total**
**£**
1,961
24,349
31|
|---|---|---|
|||26,341|
|||25,027
1,064|
|||26,091|
|||250
83,909|
|||84,159|
**The notes on pages 6 to 9 form an integral part of these financial statements.**
**Page 4**
## **Addiscombe Boys & Girls Club**
## **Balance sheet as at 31 March 2022**
|**Notes**
**Current assets**
Bank and cash
**Creditors: amounts falling**
**due within one year**
8
**Net current assets**
**Net assets**
**Funds**
Restricted income funds
Unrestricted income funds
**Total funds**|**2022**
**£**
**£**
100,755
100,755
)
(1,918
98,837
98,837
10,000
88,837
98,837|**2021**
**£**
**£**
85,216
85,216
)
(1,057
84,159
84,159
-
84,159
84,159|**2021**
**£**
**£**
85,216
85,216
)
(1,057
84,159
84,159
-
84,159
84,159|
|---|---|---|---|
||||84,159|
||||-
84,159|
||||84,159|
The financial statements were approved by the Trustees on 14 July 2022 and signed on its behalf by
## **E. Arram (Chairman) Trustee**
**J. Southwick (Treasurer) Trustee**
**The notes on pages 6 to 9 form an integral part of these financial statements.**
**Page 5**
## **Addiscombe Boys & Girls Club**
## **Notes to the financial statements for the year ended 31 March 2022**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' and the Charities Act 2011.
## **1.2. Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and member subscriptions and are included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
Income from investments is included in the year in which it is received.
## **1.3. Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Resources expended are recognised in the year in which they are incurred.
## **1.4. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold properties
- Now fully depreciated
## **2. Voluntary income**
|**Restricted**
**£**
Club Activities
-
Membership subscriptions
-
Grants receivable
10,000
10,000|**2022**
**£**
115
935
10,000
11,050|**2021**
**£**
1,875
86
-|
|---|---|---|
|||1,961|
**Page 6**
## **Addiscombe Boys & Girls Club**
## **Notes to the financial statements for the year ended 31 March 2022**
|**3.**
**Activities for generating funds**
Coronavirus- Job Retention Scheme Grants
Hire of Hall
**4.**
**Investment income**
Deposit interest
**5.**
**Provision of Club Services**
Rent and Rates
Insurance
Salaries and National Insurance
Light and heat
Cleaning
Repairs and maintenance
Volunteers expenses
Equipment
Activities|**2022**
**£**
2,881
25,180
28,061
**2022**
**£**
7
7
**2022**
**£**
1,085
678
8,069
7,482
4,814
1,223
324
-
250
23,925|**2021**
**£**
5,727
18,622
24,349
**2021**
**£**
31
31
**2021**
**£**
3,380
606
8,081
5,665
3,375
3,090
341
244
245|
|---|---|---|
|||25,027|
**Page 7**
## **Addiscombe Boys & Girls Club**
## **Notes to the financial statements for the year ended 31 March 2022**
|**6.**
**Employees**
**Employment costs**
Wages and salaries
Social security costs
Coronavirus- Job Retention Scheme Grants|**2022**
**£**
8,069
-
)
(2,881
5,188|**2021**
**£**
8,071
10
)
(5,727
2,354|
|---|---|---|
No employee received emoluments of more than £60,000 (2021 : None).
## **Number of employees**
The average monthly numbers of paid employees (including the Trustees) during the year was as follows:
||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
|Youth Workers|2|2|
Youth workers salaries were funded direct by Croydon Council until 31 December 2011. From 01 January 2012 The Club is funding the two salaries, Mr J. Southwick, one of the trustees has received a salary of £4,515 (2021:£4,485) in his capacity as a youth worker. Mr T. Scannell became a trustee on 1st April 2021 and has received a salary of £3,554 in the current year in his capacity as a youth worker.
|**Short**
**7.**
**Tangible fixed assets**
**leasehold**
**property**
**£**
**Cost or Valuation**
At 1 April 2021 and
At 31 March 2022
94,727
**Depreciation**
At 1 April 2021 and
At 31 March 2022
94,727
**Net book values**
At 31 March 2022
-
At 31 March 2021
-|**Total**
**£**
94,727|
|---|---|
||94,727|
||-|
||-|
**Page 8**
## **Addiscombe Boys & Girls Club**
## **Notes to the financial statements for the year ended 31 March 2022**
## **8. Creditors: amounts falling due within one year**
|**within one year**
Taxes and social security creditor
Other creditors
Accruals|**2022**
**£**
268
630
1,020
1,918|**2021**
**£**
259
558
240
1,057|
|---|---|---|
|**Unrestricted funds**|**At**||||||**At**|
|---|---|---|---|---|---|---|---|
||**01 April**|**Incoming**|**Outgoing**||||**31 March**|
||**2021**|**resources**|**resources**||**Transfers**||**2022**|
||**£**|**£**|**£**||**£**||**£**|
|General Fund|-|3,823|(8,908|)|5,085||-|
|Premises Fund|84,159|25,295|(15,532|)|(5,085|)|88,837|
||84,159|29,118|(24,440|)|-||88,837|
## **9. Unrestricted funds**
## **Purposes of unrestricted funds**
General Fund The fund is available for all the activities of the Club. Premises Fund The fund was setup when the Club purchased the 30 year lease for its premises.
## **10. Restricted funds**
Sport in the Community Fund
||**At**|||**At**|
|---|---|---|---|---|
|**01**|**April**|**Incoming**|**31**|**March**|
||**2021**|**resources**||**2022**|
||**£**|**£**||**£**|
||-|10,000||10,000|
## **Purposes of restricted funds**
Sport in the Community Fund
Funding by the National Lottery
**Page 9**