Charity number: 302977
Addiscombe Boys & Girls Club
Trustees' report and financial statements for the year ended 31 March 2024
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 | - 10 |
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 2024
The Trustees present their report and the financial statements for the year ended 31 March 2024. 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 £38,158 increase in income and a £3,820 increase in expenditure during the year resulting in a net operating surplus of £27,123 compared to last year's deficit of £7,215. The income for the year includes a £7,750 grant from the National Lottery and a £25,000 grant from the London Marathon. Expenditure from these funds was £10,746.
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 constantly being sought. The lease to the premises at Stroud Green Way expired in August 2018 and has been the subject of one year extensions for 4 years until a new lease was granted at an annual rent of £1,085 per annum, expiring on 15 December 2031.
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 4 July 2024
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 2024 set out on pages 2 to 10.
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.
4 July 2024
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 2024
| Unrestricted Restricted funds funds Notes £ £ Incoming resources Incoming resources from generating funds: Voluntary income 2 2,032 32,750 Activities for generating funds 3 28,467 - Investment income 4 819 - Total incoming resources 31,318 32,750 Resources expended Charitable activities 5 25,760 10,746 Administration Costs 439 - Total resources expended 26,199 10,746 Net incoming/(outgoing) resources for the year 5,119 22,004 Total funds brought forward 91,618 4 Total funds carried forward 96,737 22,008 |
2024 Total £ 34,782 28,467 819 64,068 36,506 439 36,945 27,123 91,622 118,745 |
2023 Total £ 4,192 21,570 148 25,910 32,558 567 33,125 ) (7,215 98,837 91,622 |
|---|---|---|
The notes on pages 6 to 10 form an integral part of these financial statements.
Page 4
Addiscombe Boys & Girls Club
Balance sheet as at 31 March 2024
| Notes Current assets Debtors 8 Bank and cash Creditors: amounts falling due within one year 9 Net current assets Net assets Funds 10 Restricted income funds Unrestricted income funds Total funds |
2024 £ £ 250 120,816 121,066 ) (2,321 118,745 118,745 22,008 96,737 118,745 |
2023 £ £ 475 92,727 93,202 ) (1,580 91,622 91,622 4 91,618 91,622 |
2023 £ £ 475 92,727 93,202 ) (1,580 91,622 91,622 4 91,618 91,622 |
|---|---|---|---|
| 91,622 | |||
| 4 91,618 |
|||
| 91,622 |
The financial statements were approved by the Trustees on 4 July 2024 and signed on its behalf by
E. Arram (Chairman) Trustee
J. Southwick (Treasurer) Trustee
The notes on pages 6 to 10 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 2024
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
| Unrestricted Restricted £ £ Club Activities 1,180 - Membership subscriptions 852 - Grants receivable - 32,750 2,032 32,750 |
2024 £ 1,180 852 32,750 34,782 |
2023 £ 3,077 1,115 - |
|---|---|---|
| 4,192 |
Page 6
Addiscombe Boys & Girls Club
Notes to the financial statements for the year ended 31 March 2024
| 3. Activities for generating funds Unrestricted £ Hire of Hall 28,467 28,467 4. Investment income Unrestricted £ Deposit interest 819 819 5. Provision of Club Services Unrestricted Restricted £ £ Rent and Rates 2,005 - Insurance 710 - Salaries and National Insurance 8,443 - Light and heat 7,244 - Cleaning 7,358 - Repairs and maintenance - 10,746 Volunteers expenses - - Activities - - 25,760 10,746 |
2024 £ 28,467 28,467 2024 £ 819 819 2024 £ 2,005 710 8,443 7,244 7,358 10,746 - - 36,506 |
2023 £ 21,570 |
||
|---|---|---|---|---|
| 21,570 | ||||
| 2023 £ 148 |
||||
| 148 | ||||
| 2023 £ 1,523 2,092 7,550 6,144 4,931 2,382 40 7,896 32,558 |
||||
Page 7
Addiscombe Boys & Girls Club
Notes to the financial statements for the year ended 31 March 2024
| 6. | Employees | |||||
|---|---|---|---|---|---|---|
| Employment costs | 2024 | 2023 | ||||
| £ | £ | |||||
| Wages and salaries | 8,443 | 7,540 | ||||
| Social security costs | - | 10 | ||||
| 8,443 | 7,550 | |||||
| No employee received emoluments of more than £60,000 (2023 : None). | ||||||
| Number of employees | ||||||
| The average monthly numbers of paid employees (including the Trustees) during the year was as follows: | ||||||
| 2024 | 2023 | |||||
| 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 | £4,320 | ||||
| (2023:£4,320) in his capacity as a youth worker. Mr T. Scannell, one of the trustees has received a salary of | ||||||
| £4,123 (2023:£3,230) in his capacity as a youth worker. | ||||||
| Short | ||||||
| 7. | Tangible fixed assets | leasehold | ||||
| property | Total | |||||
| £ | £ | |||||
| Cost or Valuation | ||||||
| At 1 April 2023 and | ||||||
| At 31 March 2024 | 94,727 | 94,727 | ||||
| Depreciation | ||||||
| At 1 April 2023 and | ||||||
| At 31 March 2024 | 94,727 | 94,727 | ||||
| Net book values | ||||||
| At 31 March 2024 | - | - | ||||
| At 31 March 2023 | - | - |
Page 8
Addiscombe Boys & Girls Club
Notes to the financial statements for the year ended 31 March 2024
8. Debtors
| Prepayments 9. Creditors: amounts falling due within one year Taxes and social security creditor Other creditors Accruals |
2024 £ 250 250 2024 £ 253 923 1,145 2,321 |
2023 £ 475 475 2023 £ 106 574 900 1,580 |
|---|---|---|
10. Analysis of net assets between funds
| 10. | Analysis of net assets between funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||||
| funds | funds | funds | ||||||||
| £ | £ | £ | ||||||||
| Fund balances at 31 March 2024 as represented by: | ||||||||||
| Current assets | 99,058 | 22,008 | 121,066 | |||||||
| Current liabilities | (2,321 | ) - |
(2,321 | ) | ||||||
| 96,737 | 22,008 | 118,745 | ||||||||
| 11. | Unrestricted funds | At | At | |||||||
| 01 April | Incoming | Outgoing | 31 March | |||||||
| 2023 | resources | resources | Transfers | 2024 | ||||||
| £ | £ | £ | £ | £ | ||||||
| General Fund | - | 1,671 | ) (8,882 7,211 |
- | ||||||
| Premises Fund | 91,618 | 29,647 | ) (17,317 ) (7,211 |
96,737 | ||||||
| 91,618 | 31,318 | ) (26,199 - |
96,737 |
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 original 30 year lease for its premises.
Page 9
Addiscombe Boys & Girls Club
Notes to the financial statements for the year ended 31 March 2024
| Restricted funds The National Lottery Fund The London Marathon |
At At 01 April Incoming Outgoing 31 March 2023 resources resources 2024 £ £ £ £ 4 7,750 ) (896 6,858 - 25,000 ) (9,850 15,150 4 32,750 ) (10,746 22,008 |
At At 01 April Incoming Outgoing 31 March 2023 resources resources 2024 £ £ £ £ 4 7,750 ) (896 6,858 - 25,000 ) (9,850 15,150 4 32,750 ) (10,746 22,008 |
|---|---|---|
| 22,008 |
12. Restricted funds
Purposes of restricted funds
The National Lottery Fund
Funding by the National Lottery to fund coaching, training, events and website
The London Marathon
Funding from the London Marathon for refurbishment of the Club's premises.
Page 10