2023-03-31-accounts - North Paddington Youth Club

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Charity No. 303301

North Paddington Youth Club Report and Accounts 31 March 2023

229 Lanark Road London W9 1EA

North Paddington Youth Club

Report of the Trustees

For the Year Ended 31 March 2023

The trustees present their report and accounts of the charity for the ended 31 March 2023. The trustees have had due regard to guidance issued by the Charity Commission.

LEGAL AND ADMINISTRATIVE INFORMATION

Charity name: North Paddington Youth Club (also known as NPYC) Charity registration number: 303301 Principal address: 229 Lanark Road, London W9 1EA

Trustees:

Aaron Lincoln Chair Leila Hedjem Treasurer (Appointed 2 August 2023) Kara St Ange-Messe (Appointed 2 August 2023) Hamza Taouzzale (Appointed 2 August 2023) Peter Watt (Appointed 2 August 2023) Nafsika Thalassis (Appointed 2 August 2023)

Club Manager:

Ronnie Renney Bankers: Barclays Bank plc 9 Portman Square London W1A 3AL

Independent Examiner:

Harry Nicolaou FCA of Harry Nicolaou & Co Limited Chartered Accountants 21 Brendon Way Enfield EN1 2LF

(Continued)

North Paddington Youth Club

Report of the Trustees

For the Year Ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is an unincorporated body registered as a charity on 16 September 1963. It is governed by its Constitution adopted on 11 June 1981. The Constitution prescribes that the charity should be governed and managed in accordance with the Principles and Aims of the Federation of London Youth Clubs.

Recruitment and appointment of trustees

The trustees have developed a policy for the recruitment of trustees that ensures their collective experience and skills are best able to meet the needs of the charity. Trustees are appointed by the board of trustees (known as the management committee).

Organisational structure

The management committee meets as often as necessary to administer the charity but not less than six times a year.

The day-to-day operations of the charity were managed by the Club Manager Ronnie Renney.

The Management Committee consists of:

(a) Not more than 7 or less than 4 standing members.

(b) Not more than 6 co-opted members determined by the standing members following the Annual General Meeting. At no time should the number of co-opted members exceed half of the number of standing members.

Vacancies among the standing members are filled by the Management Committee.

OBJECTIVES

The object of the charity is to promote the spiritual, mental and physical education of children and young people resident in Paddington and neighbouring districts, and in particular with a view to carrying out the before mentioned objects to organise, run and maintain a club for children and young people.

PUBLIC BENEFIT

The trustees have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

REVIEW OF ACTIVITIES

As the redevelopment of the Youth Club continues, we are still able to offer children and young people a detached programme 5 days a week which includes weekend provision (Saturdays and Sunday) over 50 weeks of the year despite the challenges Covid 19 has brought to all of our lives.

We still managed to deliver a full and comprehensive term time programme throughout the year as well as all the school holidays, including a Christmas Holiday programme.

The staff team have put together a stimulating and engaging programme of activities for our children and young people throughout the year and have encouraged children and young people to participate in activities like Helicopter Flying Lessons, Scuba Diving, Basketball, Driving Lessons, Driving Theory Workshops, Residentials and various accredited courses. These activities are just some of the exciting and fun activities we offer children and young people that attend our Club. These activities are delivered throughout the year and in consultation with our Club Members and our Steering Group of children and children and young people.

We continue to work in partnership with various organisations and look forward to strengthening the vital work we do for our children and young people and their families.

I would like to thank all our partners and funders but in particular John Lyon’s Charity, Streetgames, London Youth, UK Youth, UR4 Driving, Westside Basketball Club and The Hubb Community Kitchen.

With your continued support we were able to offer and deliver a vital service to the children and young people and families in Westminster and surrounding boroughs.

REVIEW OF ACTIVITIES (continued)

North Paddington Youth Club Report of the Trustee$ Forth8 Y•ar Endod 31 March 2023 I would like to thank tha Trustees at North Pgddington Youth Club for their d8dication and commitment in tha continuous challenges around the redeveloprnent of our new building 8nd for 811 for their continued sUPPOrt throughout the ye8T.. It truly has been 8 18arn efft)rt. I would also like to thank The Parfour Restourant, Westminster City Council and the Maida V819 Ward Councillors for thr continued support throughout thè year. On top of this we carried out trips arKI residentials so Ihat the children and young people could get ba(* to noTmal as s(x)n as poSsie and get involved in positive activib88. This w85 made possiNe by our loyal lunders supwrting our work and recognising vthat contribullon and differenc8 we mak& to the lives of thè children and young we work with in Weslfflinster and surrounding borwgh$ so a blg thank you to th9m for their conlinued supp(rt. None of this woukl be possible without the ded¢cation of my staff team along wth my Twstees so a big thank you from m9 for your continued supporL RESERVES POLICY The Irust8es consider that at least Ihree months cashffow expenditure shc4Jld b8 held as reserves to ensurg the continuity of activities of Ihe charity Ènd long term vi3tMlity ol the charity. FINANCIAL REVIEW The surplus for the year ended 31 March 2023 01 £52,94612022 sutplus £57,733) has increased the lurKls of the chaTty frorn a surplus of £2,417 at the bEginning ol the year to a Surplus of £55,363 8t the year end. The trust$ès have VieWed the mar risks to whith the charity is exposed atvj systems h8V8 been establishwj to mitigate Ihosg risks. Approved by the management wmmlttee on .. Iz . and $wJnad on its behalf ty.. Leila Hedjem Trustee

Independent Examiner's Report

To the Trustees of

North Paddington Youth Club

I report on the accounts of the charity for the year ended 31 March 2023 set out on pages 5 to 9.

Respective Responsibilities of the Trustees and the Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

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 which gives me reasonable cause to believe that in any material respect the requirements:

(a) to keep accounting records in accordance with section 130 of the 2011 Act; and
(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met.

………………………………………………………………………………..

Harry Nicolaou FCA Chartered Accountant

21 Brendon Way Enfield EN1 2LF

21 January 2024

…………………………………...

North Paddington Youth Club

Statement of Financial Activities

For the Year Ended 31 March 2023

Note INCOME from: Donations Charitable activities: Grants receivable 2 Gym and room hire Other income Total income EXPENDITURE on: Charitable activities Staff costs 3 Vehicle and travelling costs Legal and professional fees Members activities Sports and office equipment expensed Printing, postage, stationery Rent, rates and water Repairs and maintenance Hall hire Insurance Telephone IT expenses Food vouchers Cleaning and waste collection Depreciation Other expenses Governance costs: Accountancy and bookkeeping fees Independent examination fees Total expenditure Reconciliation of funds Total funds at 1 April 2022 brought forward Accrual for debtors last year unlikely to be recoverable Total funds at 31 March 2023 carried forward Net Surplus and net movement in funds	2023 Total Funds (Unrestricted) £ 1,300 178,890 41,677 3,615 225,482 80,112 4,470 18,817 46,832 1,750 748 500 3,726 1,620 568 1,336 453 - 5,891 1,843 1,270 1,820 780 172,536 52,946 64,467 (62,050) 55,363	2022 Total Funds (Unrestricted) £ 400 146,291 65,197 255
		212,143
		65,082 7,833 31,467 24,259 1,514 1,117 7,347 - 7,896 568 - - 4,919 - 408 - 1,280 720
		154,410
		57,733 6,734 -
		64,467

North Paddlngton Youth Club B•lan¢• Sh••1 A• * 31 IAwEh 78ngfolÈ 7.373 1.829 1.373 1.639 62, 5,114 Cash at bAnk and li har#1 56,160 5ts.180 67, 164 Amwnislalling valhin y&ar 18,1701 (4.326) 47,990 62,838 Funds UnrestrKtsJ general fund5 55.363 64,467 Approved by the Managemènt Commrttee on ... 15-01-24 .. and Syjn on its ty. Aaron LIKdn

Notes to the Accounts

For the Year Ended 31 March 2023

North Paddington Youth Club

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

(i)[Basis of accounting]

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

(ii) Income

All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.

(a) Voluntary income is received by way of donations and is included in the Statement of Financial Activities (SOFA) when receivable.
(b) Grants and other incoming resources are recognised in full in the Statement of Financial Activities when receivable.

(iii) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that a settlement will be required and the amount of the obligation can be measured reliably.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities for its beneficiaries.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and costs linked to the strategic management of the charity.

(iv) Fixed assets

Fixed assets are stated at cost less accumulated depreciation.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment 20% on reducing balance

Equipment is capitalised when its purchase price is £1,000 or more.

(v) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

North Paddington Youth Club

For the Year Ended 31 March 2023

Notes to the Accounts

Accounting policies (continued)

(vi) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(vii) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. Grants receivable

3.

StreetGames Westminster City Council The Feathers Association Garfield Weston London Youth Young Westminster Foundation Westside No 2 Vale FC Natural History Museum Heathcote Funding Greenhouse Sports UK Youth Imperial College National Lottery Young Westminster Foundation HMRC Covid grants John Lyon's Charity St John's Wood Church HPPEC Staff costs Salaries and wages Social security costs Pension contributions Payroll processing costs Staff welfare, training and development	2023 £ 19,595 65,019 13,950 20,000 2,637 1,360 4,145 2,200 2,000 2,000 45,984 - - - - - - - - 178,890 2023 £ 77,993 618 432 1,069 - 80,112	2022 £ 7,452 1,523 11,458 20,000 1,500 3,387 3,000 - - - - 20,000 4,919 9,948 4,081 5,622 48,900 2,000 2,500
		146,291
		2022 £ 63,646 835 - 601 -
		65,082

The trustees received no remuneration during the year and no expenses were reimbursed to them.

No employee received emoluments of more than £60,000.

The average weekly number of employees was 3.6.

North Paddington Youth Club

For the Year Ended 31 March 2023

Notes to the Accounts

4. Tangible fixed assets

5.

Cost Additions At 31 March 2023 Depreciation Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 Debtors Other debtors At 1 April 2022 At 1 April 2022	Equipment £ 73,318 7,587 80,905 71,689 1,843 73,532 7,373 1,629 2023 £ -	Total £ 73,318 7,587
		80,905
		71,689 1,843
		73,532
		*7,373*
		1,629
		2022 £ 62,050

The amount due from the developer of the new prremises accrued in the previous year of £62,050 is unlikely to be recoverable as the claim made against the developer will not be pursued. The debtor has therefore been written off.

6. Creditors: Amounts falling due within one year

Creditors: Amounts falling due within one year
	2023	2022
	£	£
Loan	4,001	-
Taxes and social security	1,488	2,101
Other creditors	2,681	2,225
	8,170	4,326

7. Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

8. Related party transactions

There were no related party transactions that require disclosure during the year.