**Charity number: 302977**
**Addiscombe Boys & Girls Club**
**Trustees' report and financial statements for the year ended 31 March 2025**
## **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**|M. Hobbs (Chairman)||
||J. Southwick||
||T. Scannell||
||L. Townsend|Appointed 01/09/2025|
|**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 2025**
The Trustees present their report and the financial statements for the year ended 31 March 2025. 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 £12,766 increase in income and a £44,873 increase in expenditure during the year resulting in a net operating deficit of £4,984 compared to last year's surplus of £27,123. The income for the year includes a £20,000 grant from the National Lottery and a £25,000 grant from the London Marathon. Expenditure from these funds was £50,944.
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
T. Scannell **Trustee**
L. Townsend **Trustee**
16 February 2025
**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 2025 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.**
**16 February 2025**
**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 2025**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
-
46,600
Activities for generating funds
3
29,213
-
Investment income
4
1,021
-
**Total incoming resources**
30,234
46,600
**Resources expended**
Charitable activities
5
29,503
50,944
Administration Costs
1,371
-
**Total resources expended**
30,874
50,944
**Net incoming/(outgoing) resources**
**before transfers**
)
(640
)
(4,344
Transfer between funds
)
(1,349
1,349
**Net incoming/(outgoing) resources**
**for the year**
)
(1,989
)
(2,995
Total funds brought forward
96,737
22,008
**Total funds carried forward**
94,748
19,013|**2025**
**Total**
**£**
46,600
29,213
1,021
76,834
80,447
1,371
81,818
)
(4,984
-
)
(4,984
118,745
113,761|**2024**
**Total**
**£**
34,782
28,467
819|
|---|---|---|
|||64,068|
|||36,506
439|
|||36,945|
|||27,123
-|
|||27,123
91,622|
|||118,745|
**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 2025**
|**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**|**2025**
**£**
**£**
-
115,695
115,695
)
(1,934
113,761
113,761
19,013
94,748
113,761|**2024**
**£**
**£**
250
120,816
121,066
)
(2,321
118,745
118,745
22,008
96,737
118,745|**2024**
**£**
**£**
250
120,816
121,066
)
(2,321
118,745
118,745
22,008
96,737
118,745|
|---|---|---|---|
||||118,745|
||||22,008
96,737|
||||118,745|
The financial statements were approved by the Trustees on 16 February 2025 and signed on its behalf by
**T. Scannell Trustee**
**L. Townsend 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 2025**
## **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**|**2025**|**2024**|
|---|---|---|---|
||**£**|**£**|**£**|
|Club Activities|-|-|1,180|
|Membership subscriptions|-|-|852|
|Grants receivable|46,600|46,600|32,750|
||46,600|46,600|34,782|
**Page 6**
## **Addiscombe Boys & Girls Club**
## **Notes to the financial statements for the year ended 31 March 2025**
|**3.**
**Activities for generating funds**
**Unrestricted**
**£**
Hire of Hall
29,213
29,213
**4.**
**Investment income**
**Unrestricted**
**£**
Deposit interest
1,021
1,021
**5.**
**Provision of Club Services**
**Unrestricted**
**Restricted**
**£**
**£**
Rent and Rates
2,550
-
Insurance
760
-
Salaries and National Insurance
8,565
-
Light and heat
9,390
-
Cleaning
8,238
-
Repairs and maintenance
-
41,499
Activities
-
9,445
29,503
50,944||**2025**
**£**
29,213
29,213
**2025**
**£**
1,021
1,021
**2025**
**£**
2,550
760
8,565
9,390
8,238
41,499
9,445
80,447||**2024**
**£**
28,466|
|---|---|---|---|---|
|||||28,466|
|||||**2024**
**£**
819|
|||||819|
|||||**2024**
**£**
2,005
710
8,443
7,244
7,358
10,746
-
36,506|
||||||
**Page 7**
## **Addiscombe Boys & Girls Club**
## **Notes to the financial statements for the year ended 31 March 2025**
|**6.**|**Employees**||||
|---|---|---|---|---|
||**Employment costs**|**2025**||**2024**|
|||**£**||**£**|
||Wages and salaries|8,565||8,433|
||Social security costs|-||10|
|||8,565||8,443|
||No employee received emoluments of more than £60,000 (2024 : None).||||
||**Number of employees**||||
||The average monthly numbers of paid employees (including the Trustees) during the year was as follows:||||
|||**2025**||**2024**|
|||**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||£3,645||
||(2024:£4,320) in his capacity as a youth worker. Mr T. Scannell, one of the trustees has received a salary of||||
||£4,920 (2024:£4,123) in his capacity as a youth worker.||||
|**Short**
**7.**
**Tangible fixed assets**
**leasehold**
**property**
**£**
**Cost or Valuation**
At 1 April 2024 and
At 31 March 2025
94,727
**Depreciation**
At 1 April 2024 and
At 31 March 2025
94,727
**Net book values**
At 31 March 2025
-
At 31 March 2024
-|**Total**
**£**
94,727|
|---|---|
||94,727|
||-|
||-|
**Page 8**
## **Addiscombe Boys & Girls Club**
## **Notes to the financial statements for the year ended 31 March 2025**
## **8. Debtors**
|**8.**|**Debtors**||||||||
|---|---|---|---|---|---|---|---|---|
||||||||**2025**|**2024**|
||||||||**£**|**£**|
||Prepayments||||||-|250|
||||||||-|250|
|**9.**|**Creditors: amounts falling due**||||||||
||**within one year**||||||**2025**|**2024**|
||||||||**£**|**£**|
||Taxes and social security creditor||||||192|253|
||Other creditors||||||597|923|
||Accruals||||||1,145|1,145|
||||||||1,934|2,321|
|**10.**|**Analysis of net assets between funds**||||||||
|||||**Unrestricted**|||**Restricted**|**Total**|
|||||**funds**|||**funds**|**funds**|
|||||**£**|||**£**|**£**|
||Fund balances at 31 March 2025 as represented|by:|||||||
||Current assets|||96,682|||19,013|115,695|
||Current liabilities|||(1,934||)|-|)
(1,934|
|||||94,748|||19,013|113,761|
|**11.**|**Unrestricted funds**|**At**||||||**At**|
|||**01 April**|**Incoming**|**Outgoing**||||**31 March**|
|||**2024**|**resources**|**resources**|||**Transfers**|**2025**|
|||**£**|**£**|**£**|||**£**|**£**|
||General Fund|-|1,021|)
(9,639|||8,618|-|
||Premises Fund|96,737|29,213|(21,235|)||)
(9,967|94,748|
|||96,737|30,234|)
(30,874|||)
(1,349|94,748|
## **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 2025**
|**Restricted funds**|**At**|||||**At**|
|---|---|---|---|---|---|---|
||**01 April**|**Incoming**|**Outgoing**|||**31 March**|
||**2024**|**resources**|**resources**||**Transfers**|**2025**|
||**£**|**£**|**£**||**£**|**£**|
|The National Lottery Fund|6,858|21,600|(9,445|)|-|19,013|
|The London Marathon|15,150|25,000|(41,499|)|1,349|-|
||22,008|46,600|)
(50,944||1,349|19,013|
## **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**